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C4 Scalping

  • #6,721
  • Aug 14, 2009 12:41pm Aug 14, 2009 12:41pm
Quoting paulw6182
Edgetrader? how do you get so many bars into your chart and make the dx dashdoard so small?
By using a large monitor mostly.

Resize (zoom in/out) as one sees fit. Meter is at default when placed on screen.

Regards.
  • #6,722
  • Aug 14, 2009 12:44pm Aug 14, 2009 12:44pm
Quoting Edgetrader
By using a large monitor mostly.

Resize (zoom in/out) as one sees fit. Meter is at default when placed on screen.

Regards.
thanks ill mess around with my pc setting;>
  • #6,723
  • Aug 14, 2009 1:20pm Aug 14, 2009 1:20pm
jacson101: Where do I find your momentum indicator? I've looked at the standard "Momentum" in Metatrade 4 as well as the "MomentumZL".

Also, is there a source for interpreting the "DXTrader Info" indicator?
  • #6,724
  • Aug 14, 2009 1:23pm Aug 14, 2009 1:23pm
Friday's trades on Renko, I know.. I know.. overtrading but still playing on demo acc. These 2 losers (E/J) where winner after, should I change stoploss to 40,50? Hmm, eternal question.

Attached Image (click to enlarge)
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.
  • #6,725
  • Aug 14, 2009 1:43pm Aug 14, 2009 1:43pm
Quoting SusanD
Ok here is my plan for next week:

I am going to trade one contract, one mini equally one dollar........ at 4 or whatever pips and then try to get the 10.
Hi SusanD,

looks like a great idea. I'm very interested - and some other traders surely too. But ...

Quoting Edgetrader
It sounds as though you have a trading plan that you enjoy and are comfortable with. That of course is great!

On the other side of that coin, I would ask that no results ......
Regards.

Do you know this thread?

http://www.forexfactory.com/showthread.php?t=183801&page=1

This thread is also trading C4 but as a MTF version. I think posting there your idea could be a great enrichment for the members there.

Just an idea - I would like to read some more informations.

Have a nice weekend.
If there are pips you can collect - just do it!
  • #6,726
  • Aug 14, 2009 2:18pm Aug 14, 2009 2:18pm
Thank you Edge for your response.

I downloaded the chart and put the Renkco and Nitro Indicators etc.

All set up. I have been very successful and grateful with the C4 strategy on the 5min. with my excit strategy.

I am anxious to trade with the Renko Candles and the Nitro plan.

I don't want you to get me wrong.

I am using your C4 to enter and following your strategy, Thanks very much for you help and guidance.

Respectfully
  • #6,727
  • Aug 14, 2009 2:23pm Aug 14, 2009 2:23pm
Thanks, Jazzman. Oh, I see the momentum indicator is attached to Jacson101's post.
  • #6,728
  • Aug 14, 2009 2:47pm Aug 14, 2009 2:47pm
Hi all,

I tried to be a diciplined guy today and only take trades in the main trend direction. Unfortunly I reset my Demo much quicker than I saved my trades so
no pics today.
But the results are not so bad: 2xUS +5, 1xGU +5, 1xAU +5 and 1xEJ +5
Because of my Job I can only trade during off - hours in the next few month, so i´ll try to make the very best of it. We will see...


All the best and have a nice weekend
  • #6,729
  • Edited 3:54pm Aug 14, 2009 3:15pm | Edited 3:54pm
Quoting jacson101
Since were talking probabilities,

Fixed my momo iteration function.
Please check against both C4 and Nitro.

Simply trading momentum crossovers here, one indy.
with the trend for 5-10, counter trend 5.

Inputs are:

Q-(2) Fast% 'Ema weightings'
R-(25) Beta/ATR COntroller
S-(8) Slow% "EMA weightings'
Signal- (3) Trix Setting

Sorry for interruption but, I hate losing... wanna beat nitro.

Regards,
Hi ! the indicator looks great, could you put an max. count bars function into it, to save CPU power?

pics show the same indicator with same settings with Renko, CRBs and reg. candles.
Clear vote pro Renko.
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/ ... clarifying decisions ... /
  • #6,730
  • Aug 14, 2009 4:26pm Aug 14, 2009 4:26pm
Quoting walb99
Hi ! the indicator looks great, could you put an max. count bars function into it, to save CPU power?

pics show the same indicator with same settings with Renko, CRBs and reg. candles.
Clear vote pro Renko.
Yeah,
You're gonna have to ask the boss on that one.
But I must say, it's just another momentum indy.
You've got quite a few here already. I've just been playing around with this one...
...have a good weekend.
  • #6,731
  • Aug 14, 2009 4:48pm Aug 14, 2009 4:48pm
My trades from this morning, after open of US session.

4 trades + 20 and done

all pairs moving in same direction

Have a great weekend all!


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  • #6,732
  • Aug 14, 2009 5:59pm Aug 14, 2009 5:59pm
Hi Edge

I'm a bit behind this morning - just catching up on the o/night posts. In Post 6700 (and in other posts previously) you show your trades and profits on each trade. Some are +5 but others are +10. At what stage do you set your TP and on what basis would you set +10 as your TP. Is this a product of perceived momentum?

I have reduced my chart 'mess' but it has been a struggle for an old indi junkie!! DX has aided that process - the latest dashboard is good - thanks for all the hard yakka DX. I am finding that the nerves are stretched a bit when the next brick forms in the wrong direction before moving in favour of the trade. With Renko, there is not much on the page to tell you anything about the PA other than the bombs and colour change of the MA. I find I am just watching the price fluctuate in the P/L column to determine whether to stay with the trade or to bail out.

Have a good weekend all. Karl
  • #6,733
  • Edited 7:32pm Aug 14, 2009 6:20pm | Edited 7:32pm
Quoting altoronto
Friday's trades on Renko, I know.. I know.. overtrading but still playing on demo acc. These 2 losers (E/J) where winner after, should I change stoploss to 40,50? Hmm, eternal question.

Attachment .
no, dont do that for scalping m5 , no 40-50 pip s/l.. no good.with this strategy, win rate can be high and volume of trades can be high if you wish, couple of losses for -10,-15 will suffice. nothing over. remember, another trading opportunity will come that will be profitable as long as you understand the probability of such.

cut your losers quicker, dont let it get to -30, if its accelerating quickly into negative , cut it once its past -15. i'll cut mine after usually at -10 now if no serious follow through to positive territory or after initiating the trade if i'm in the market with it too long
  • #6,734
  • Aug 14, 2009 6:43pm Aug 14, 2009 6:43pm
I've loaded all 3 indicators into Experts/Indicators folder.
When I attach the C4-Simple-Scalper I get several of the following error messages-
"C4_Primer EURJPY,M5: cannot resize the array"

I've shut down MT4 and restarted.
I've re-downloaded the indicators from zip file.
Current MT4 is ver 4 build 224.
Any ideas??
Thank you
  • #6,735
  • Aug 14, 2009 6:58pm Aug 14, 2009 6:58pm
Quoting scartree
Further to my previous post, I admit to still clinging to the '3 Ducks'. I find it valuable to know what the longer term trends are doing as I try not to trade against the trend. This little intrusion into my screen takes very little real estate and is quite reliable.

I got the 3 Ducks indi from this thread. I have tried to find the origin of the 3 Ducks indi and the criteria on which it is based. I assume it is based on CCI or RSI or similar or even a longer period EMA. Can anyone shed light.

Thanks K
Original 3 ducks of M5, H1, H4 are all based on 60 SMA.

Best Pip Wishes!
  • #6,736
  • Aug 14, 2009 7:57pm Aug 14, 2009 7:57pm
Thank you for advice Darkness, I'll try next week with lower SL, it's on Renko not on M5 don't you think that PA needs to have room for fluctuation?

Off topic, congrats Edge, over 1.000.000 views on this this thread, amazing!! I think this is proof that this system is easy to follow like sport analogy, 10% talent, 90% hard work.

Quoting darkness
no, dont do that for scalping m5 , no 40-50 pip s/l.. no good.with this strategy, win rate can be high and volume of trades can be high if you wish, couple of losses for -10,-15 will suffice. nothing over. remember, another trading opportunity will come that will be profitable as long as you understand the probability of such.

cut your losers quicker, dont let it get to -30, if its accelerating quickly into negative ,...
  • #6,737
  • Aug 14, 2009 8:00pm Aug 14, 2009 8:00pm
Quoting scartree
FXCross - thanks - I suspected as much. It is still quite useful although superfluous to need for C4 or Nitro I'm sure. I guess I'm not quite ready to throw the baby out with the bathwater!! My old charts looked like a Pollack nightmare - how I ever read anything from them is a mystery!! Now I feel positively naked - metaphorically speaking of course!
As we complicate things because we are humanbeings;

I modified a little bit to 5 ducks and tested many emas and smas.
I even tried such as 12 EMA for M5/M15/M30 and 60 SMA for H1/H4 or 144 EMA for H1/H4, etc.

In the end, 3 ducks are just fine and they are 3 Mighty Ducks, especially, for scalping M5. Very simle but effective as good insurance, IMHO.

Best Pip Wishes!
  • #6,738
  • Aug 14, 2009 8:07pm Aug 14, 2009 8:07pm
Is this the little quacker someone was looking for?
Tptrading

Quoting FxCross
As we complicate things because we are humanbeings;

I modified a little bit to 5 ducks and tested many emas and smas.
I even tried such as 12 EMA for M5/M15/M30 and 60 SMA for H1/H4 or 144 EMA for H1/H4, etc.

In the end, 3 ducks are just fine and they are 3 Mighty Ducks, especially, for scalping M5. Very simle but effective as good insurance, IMHO.

Best Pip Wishes!
Attached File(s)
File Type: ex4 3 Ducks E v01 - Copy.ex4   5 KB | 670 downloads
  • #6,739
  • Edited 10:12pm Aug 14, 2009 8:58pm | Edited 10:12pm
Quoting altoronto
Thank you for advice Darkness, I'll try next week with lower SL, it's on Renko not on M5 don't you think that PA needs to have room for fluctuation?

Off topic, congrats Edge, over 1.000.000 views on this this thread, amazing!! I think this is proof that this system is easy to follow like sport analogy, 10% talent, 90% hard work.
i think soon you'll see what i mean, a little difficult to explain and yes they do need room to breath but if you in -20 territory and price is hanging in there for some time, its not good. i've only had -20 losers when i traded c4 at wrong time, many of the ones traded at correct time with good market energy where right setup paired with momentum frequently does not give a lot of drawdown and those have been my best trades, if im hanging in a trade for much longer than few minutes and price fluctuating in negative territory of over -10/-15, i'd rather find good exit price and extract out of market (unless conditions drastically change) - come back when conditions improve. remember, there will be many winning trades. i think this is the intuition part that needs to be honed and developed - all with time and repetition.
  • #6,740
  • Aug 14, 2009 10:42pm Aug 14, 2009 10:42pm
Quoting scartree
Further to my previous post, I admit to still clinging to the '3 Ducks'. I find it valuable to know what the longer term trends are doing as I try not to trade against the trend. This little intrusion into my screen takes very little real estate and is quite reliable.

I got the 3 Ducks indi from this thread. I have tried to find the origin of the 3 Ducks indi and the criteria on which it is based. I assume it is based on CCI or RSI or similar or even a longer period EMA. Can anyone shed light.

Thanks K
Can u post a screenshot on how the 3 Ducks will appear on your charts? Will it looks any different if you use different version of MT4 it is created for?
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