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C4 Scalping

  • #6,621
  • Edited 8:08pm Aug 13, 2009 7:56pm | Edited 8:08pm
Quoting paidperpip
http://www.youtube.com/watch?v=sDrQz4RVLi4

Previous posts removed out of absolute and total shame
LOL

Hey, we've all been there! Don't sweat it.

But one good thing about your deleted post is that it illustrates how the spread has a huge impact on trying to scalp. With GY and an 8 pip spread, 5 pip TP, and 15 pip SL, price has to move 13 pips on the chart to win, but only 7 pips to lose. And to make things worse, you lose 3 times the amount that you win!

To make it an even game on the chart (13 pip chart move to win, 13 pip chart move to lose), with the 8 pip spread your win would be 5 pips and your loss would be 21 pips.

Also, just wanted to point out that your confusion came mostly because your examples were short trades. For long trades, the situation is far less confusing as far as the chart goes.

Doc

BTW, I deleted my two posts referencing your initial post. They made no sense taken out of that context
  • #6,622
  • Aug 13, 2009 8:01pm Aug 13, 2009 8:01pm
Quoting DXTrade
Absolutely! Just use your scalper candles and the MA and take the dash off the chart. There you go!
LOL!!
  • #6,623
  • Aug 13, 2009 8:32pm Aug 13, 2009 8:32pm
Here's the bomb indicator I am using. There should be no false positives. Also a train indicator to help those that can't afford the renko indicator.

For the C4 Simple Scalper you need to install the primer.ex4 and charge.ex4 into MT4. You need only load the C4-Simple-Scalper to the chart.

Also there are some sounds for the alerts. Put them into the sounds folder.

Adjust the X and Y positions to your preference.

enjoy.....
Attached File(s)
File Type: zip C4-Simple-Scalper.zip   87 KB | 1,947 downloads
  • #6,624
  • Aug 13, 2009 9:21pm Aug 13, 2009 9:21pm
Not sure why anyone serious about trading renko would not bother spending the measley 30euro or so to get the mt4 renko.

But, if they still don't want to spend the money, and want to use renko, there are platforms that offer renko for free, Ninja trader has already been mentioned once before. Gain feed is free, you can setup chart trader for free, which marks ur trades on the charts as you take them. Can setup automated method to take profit at 5pips, way better than MT4.

Put in renko 10 brick, overlay your favourite MA, trix is part of the platform, and voila, you are done.

Personally, I am amazed I never looked into renko in the past. It just takes the should I or shouldn't I out of the equation, easier to see levels of congestion/barriers/ranging etc. I have traded tick charts, and watching the price go up 8pips, down 15pips in an uptrend, makes you concentrate more than is needed. With renko, you look at the chart, know at what price the next brick is going to form, and just wait for it. No need to look at the chart, and think, ooo, this is going better get onto it.

Hope someone finds this post useful.

Regards,
K.
  • #6,625
  • Aug 13, 2009 9:31pm Aug 13, 2009 9:31pm
Quoting DocPMD
LOL

Hey, we've all been there!...

Thanks Doc...

I have since made two trades that have successfully closed correctly in profit. Still a little red faced, but wiser for the experience... Might be even easier to make money in Forex if I do it this way... lol

Thanks again

Russ
How do you make a small fortune in Forex? Start with a large one!
  • #6,626
  • Aug 13, 2009 9:36pm Aug 13, 2009 9:36pm
Quoting DXTrade
Here you go my friend
Best indi of FX !
Si les cons volaient, il ferait toujours nuit...
  • #6,627
  • Aug 13, 2009 9:55pm Aug 13, 2009 9:55pm
Quoting kermut
Not sure why anyone serious about trading renko would not bother spending the measley 30euro or so to get the mt4 renko.

But, if they still don't want to spend the money, and want to use renko, there are platforms that offer renko for free, Ninja trader has already been mentioned once before. Gain feed is free, you can setup chart trader for free, which marks ur trades on the charts as you take them. Can setup automated method to take profit at 5pips, way better than MT4.

Put in renko 10 brick, overlay your favourite MA, trix is part of the...
Solution is in your private mail...
Si les cons volaient, il ferait toujours nuit...
  • #6,628
  • Aug 13, 2009 10:31pm Aug 13, 2009 10:31pm
Quoting SnapCracklePip
Here's the bomb indicator I am using. There should be no false positives. Also a train indicator to help those that can't afford the renko indicator.

For the C4 Simple Scalper you need to install the primer.ex4 and charge.ex4 into MT4. You need only load the C4-Simple-Scalper to the chart.

Also there are some sounds for the alerts. Put them into the sounds folder.

Adjust the X and Y positions to your preference.

enjoy.....
Can you attach your chart please?
Great Bodies are Engineered not Born
  • #6,629
  • Edited 10:51pm Aug 13, 2009 10:41pm | Edited 10:51pm
Quoting RichLadyFX
Can you attach your chart please?

Here's how it looks on my charts, with the addition of DXtrade dashboard and signal arrows. Not sure all the colors came through this time however.
DXtrade your arrow signals seem more accurate than before, thanks again for your hard work and dedication to this thread.
SnapCracklePip, love the train whistle but the gun shots are a bit annoying, but does get my attention.
Looking forward to more forward testing in the morning with both.
Attached Image (click to enlarge)
Click to Enlarge Name: c4 nitro rules.gif Size: 81 KB
  • #6,630
  • Aug 13, 2009 11:00pm Aug 13, 2009 11:00pm
Quoting 45Fxguy
SnapCracklePip, love the train whistle but the gun shots are a bit annoying, but does get my attention.
Looking forward to more forward testing in the morning with both.
try the bomb-06.wav sound
  • #6,631
  • Edited 11:13pm Aug 13, 2009 11:02pm | Edited 11:13pm
UJ +5
CJ +5
Attached Image (click to enlarge)
Click to Enlarge Name: dxtrade.gif Size: 68 KB
"The only successful substitute for brains is silence."
  • #6,632
  • Aug 14, 2009 12:27am Aug 14, 2009 12:27am
Quoting DXTrade
UJ +5
CJ +5
nice trades on the yens,so simple when you trade with dominant near-term trend and correlation. ez does it.
  • #6,633
  • Aug 14, 2009 1:12am Aug 14, 2009 1:12am
Quoting 4xtrader2
Guys,
If you have been to Mark Douglas' website you will no doubt read this:

There are NO legal download versions of "The Disciplined Trader" and "Trading in the Zone"



Spend the 30$ on Amazon or wherever you buy your books and get a legal copy. If you're benefiting from the book you should buy it.
My mistake ... sorry! I have deleted the post with the "illegal" PDF attached. I agree ... buy the book.
  • #6,634
  • Aug 14, 2009 2:54am Aug 14, 2009 2:54am
Still on C4, Asian/London

Waited for some movement. Then 3 out of 4 pairs on their way down. Primer, detonator. Chose GU because it had the most movement (10 pip grid makes it easy for me to compare the pairs). Final check of DX (thanks DX by the way). BOOM!

(Ignore the green vert gridline it just marks 7am LDN)

Attached Image (click to enlarge)
Click to Enlarge Name: 20080814GU.jpg Size: 195 KB
  • #6,635
  • Aug 14, 2009 3:01am Aug 14, 2009 3:01am
Quoting saylu
Still on C4, Asian/London

Waited for some movement. Then 3 out of 4 pairs on their way down. Primer, detonator. Chose GU because it had the most movement (10 pip grid makes it easy for me to compare the pairs). Final check of DX (thanks DX by the way). BOOM!

(Ignore the green vert gridline it just marks 7am LDN)

Attachment
Right, an early payday if you waited for the right setup!
" Never let the past hold the future to ransom "
  • #6,636
  • Aug 14, 2009 3:36am Aug 14, 2009 3:36am
Quoting kermut
Not sure why anyone serious about trading renko would not bother spending the measley 30euro or so to get the mt4 renko.

But, if they still don't want to spend the money, and want to use renko, there are platforms that offer renko for free, Ninja trader has already been mentioned once before. Gain feed is free, you can setup chart trader for free, which marks ur trades on the charts as you take them. Can setup automated method to take profit at 5pips, way better than MT4.

Put in renko 10 brick, overlay your favourite MA, trix is part of...
ChartTrader looks like the VT form CMS. Is it the same product?
/ ... clarifying decisions ... /
  • #6,637
  • Aug 14, 2009 3:39am Aug 14, 2009 3:39am
Quoting walb99
ChartTrader looks like the VT form CMS. Is it the same product?

I had used CMS extensivley in the past...

VT2 Renko IS NOTHING like what we have with MT4...plus on VT you cannot use any indicators/systems on renko...

Also...you cannot watch the renko being built and fluctuating it simply pops up a 10 pip block or takes it a way constantly until it finally posts it and moves to the next one.
  • #6,638
  • Aug 14, 2009 3:43am Aug 14, 2009 3:43am
Quoting pilotui
I had used CMS extensivley in the past...

VT2 Renko IS NOTHING like what we have with MT4...plus on VT you cannot use any indicators/systems on renko...

Also...you cannot watch the renko being built and fluctuating it simply pops up a 10 pip block or takes it a way constantly until it finally posts it and moves to the next one.
Yes I know! You're right

Is VT2 the same platform as ChartTrader?
/ ... clarifying decisions ... /
  • #6,639
  • Aug 14, 2009 5:00am Aug 14, 2009 5:00am
Today's results:

C4 Trades:

EURUSD +5 +5 -8 +5

Nitro Trades:

EURJPY +5
USDJPY +5

Total for the day +17. May come back during NY session, but I doubt it!
  • #6,640
  • Aug 14, 2009 6:27am Aug 14, 2009 6:27am
Quoting nsteve
My mistake ... sorry! I have deleted the post with the "illegal" PDF attached. I agree ... buy the book.
Thanks nSteve.
Really appreciate it.
4XTrader2
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