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C4 Scalping

  • #6,821
  • Aug 16, 2009 6:33pm Aug 16, 2009 6:33pm
Quoting DXTrade
I heard about the AND condition && that was my first idea... but that will reduce the arrows tremendously.
Maybe not bad!
You could have 1 arrow for each. When we see 2 arrows the same color, we have our signal, right?
If you only trade long, then you can't always be wrong.
  • #6,822
  • Aug 16, 2009 6:39pm Aug 16, 2009 6:39pm
Quoting TheFutureAce
Thanks dude. so cool just wait for the candles to change color with the trix and just follow the DX Nitro and you are all set..wow


THANKS EDGETRADER 4 the Fantastic method

EVEN a NEWBIE can do the SETUP on HIS OWN
Hey, cool down... Donīt forget itīs just an oportunity! Train your Instinct, read Edgeīs Postings to setup your Tradingmind and use a propper Risk- and Moneymanagement! After that, maybe,you have success. Maybe...
  • #6,823
  • Aug 16, 2009 6:41pm Aug 16, 2009 6:41pm
First EA trade of the day/week: +5
And don't ask me what EA that is....no way Sorry!

But you could trade that manually as well, couldn't you?
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"The only successful substitute for brains is silence."
  • #6,824
  • Aug 16, 2009 6:44pm Aug 16, 2009 6:44pm
Quoting Toledo
Hey, cool down... Donīt forget itīs just an oportunity! Train your Instinct, read Edgeīs Postings to setup your Tradingmind and use a propper Risk- and Moneymanagement! After that, maybe,you have success. Maybe...
agreed. still in demo tough. for me this is first method that acutally worked. was so tired of reading and paying tons of money

so its always a nice thing when u really something thats working
  • #6,825
  • Aug 16, 2009 6:51pm Aug 16, 2009 6:51pm
Nice results. How about a backtest to see how profitable your settings are? Granted backtests are backtests but they do give a indication of what the past results would have been.
It would be interesting to see what your backtests results would be over a 2 year period with 90% model quaility.

Regards,
Jeff

Quoting DXTrade
First EA trade of the day/week: +5
And don't ask me what EA that is....no way Sorry!

But you could trade that manually as well, couldn't you?
  • #6,826
  • Aug 16, 2009 7:03pm Aug 16, 2009 7:03pm
Quoting DXTrade
I heard about the AND condition && that was my first idea... but that will reduce the arrows tremendously.
Maybe not bad!
I think if you filter one indi's arrows with the other indi, when an arrow is filtered, you have to wait to a change in the trend for the next opportunity.

Using the AND condition, you will always have an arrow (depending on the trend strength / length), so you wont have to wait for the next trend reverse. You will have at least one arrow per trend (and wont reduce the arrows, but quite the opposite) to let the trader evaluate if it is a real opportunity / entry.

Regards.
  • #6,827
  • Aug 16, 2009 7:09pm Aug 16, 2009 7:09pm
Quoting TheFutureAce
agreed. still in demo tough. for me this is first method that acutally worked. was so tired of reading and paying tons of money

so its always a nice thing when u really something thats working
Hi Ace,

have confidence! This Momentumbased Setup really works for you if... (see Post before ;-) ).
Setup your mind (read Edge !!!) and train your Instinct as I show several Posts ago and you will succeed! OK, not a million Dollars in one year, but maybe in 5 years ?
Is is possible, if you work hard and fight against your greed and your fears...
Comon, get your goal !
  • #6,828
  • Aug 16, 2009 7:19pm Aug 16, 2009 7:19pm
Quoting Toledo
Hi Ace,

have confidence! This Momentumbased Setup really works for you if... (see Post before ;-) ).
Setup your mind (read Edge !!!) and train your Instinct as I show several Posts ago and you will succeed! OK, not a million Dollars in one year, but maybe in 5 years ?
Is is possible, if you work hard and fight against your greed and your fears...
Comon, get your goal !

Thanks so much Toledo.....Good to have the support from the FF Community.

Like Edge says...DISCIPLINE.....
  • #6,829
  • Aug 16, 2009 7:21pm Aug 16, 2009 7:21pm
3 quick trades to start the day (+4,+4, -3). People make sure you are looking at 4 charts whether its yen crosses for nitro or c4 pairs. Identify dominant trend across the board, watch pa like its going out of fashion, see if anyone leading a move, get in on it when energy is present and derail some trains.

You know you trade with real momentum when there is no drawdown in your trades and you are out of trade in seconds. Done & Gone. Just the way i like it.
Attached Image (click to enlarge)
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  • #6,830
  • Aug 16, 2009 7:38pm Aug 16, 2009 7:38pm
Quoting Toledo
Hi Ace,

have confidence! This Momentumbased Setup really works for you if... (see Post before ;-) ).
Setup your mind (read Edge !!!) and train your Instinct as I show several Posts ago and you will succeed! OK, not a million Dollars in one year, but maybe in 5 years ?
Is is possible, if you work hard and fight against your greed and your fears...
Comon, get your goal !
Greed is always looking for a fight.
Let's win the game.

Great week ahead to all,
  • #6,831
  • Aug 16, 2009 7:40pm Aug 16, 2009 7:40pm
Please turn On Pm Jack!
Thanks

Pahadi
  • #6,832
  • Aug 16, 2009 7:51pm Aug 16, 2009 7:51pm
Quoting david4u
Overlapping Hours
As we are from all over the world ...

http://www.forexmarkethours.com/forex_market_hours_monitor_v2.11.exe

from http://www.forexmarkethours.com/

Hope it helps
David

There's an update to Version 2.12 (http://www.forexmarkethours.com/forex_market_hours_monitor_v2.12.exe)where Timezone is adjustable.
4XTrader2
  • #6,833
  • Aug 16, 2009 7:58pm Aug 16, 2009 7:58pm
Quoting azjeff
Nice results. How about a backtest to see how profitable your settings are? Granted backtests are backtests but they do give a indication of what the past results would have been.
It would be interesting to see what your backtests results would be over a 2 year period with 90% model quaility.

Regards,
Jeff
This is the key. If it backtests profitably then follow up with +5 +10 +1000000 profit/trade examples. But just a trade here and there (or even a series of) without being substantiated by a backtest its meaningless. Haven't we tried this before? Seems like DejaVu
If it backtests good run it live!
  • #6,834
  • Aug 16, 2009 8:11pm Aug 16, 2009 8:11pm
Quoting fxspeedster
This is the key. If it backtests profitably then follow up with +5 +10 +1000000 profit/trade examples. But just a trade here and there (or even a series of) without being substantiated by a backtest its meaningless. Haven't we tried this before? Seems like DejaVu
Sorry to be rude... but I don't give a damn on backtests.
I'm developing EA's since 5 years and I will never use my money based on backtests as I will never use demo accounts due to the different feeds for demo and live accounts.
There is only... only forward testing on a live account which will give you reliable results. On a long time span obviously... not in 1 day or 1 week.
But an EA used as signal provider is the best way to use it... without auto live trading allowed.
"The only successful substitute for brains is silence."
  • #6,835
  • Aug 16, 2009 8:27pm Aug 16, 2009 8:27pm
DX
I totally agree. Backtests are only an indication at best certainly not a guarantee of future performance.

Edge - the penny has dropped. I have been studying the correlation between the chosen pairs and there is such a strong bond that once a trade is identified it is highly probable it will occur on the other pairs within a short period of time. B... marvellous! This has been a revelation on top of the simplication of my charts. I am starting to enjoy this process albeit that my eyes are assuming square proportions!! Looking forward to taking this further on Renko only.
Have a good week all
K
  • #6,836
  • Aug 16, 2009 8:55pm Aug 16, 2009 8:55pm
Quoting fxspeedster
This is the key. If it backtests profitably then follow up with +5 +10 +1000000 profit/trade examples. But just a trade here and there (or even a series of) without being substantiated by a backtest its meaningless. Haven't we tried this before? Seems like DejaVu
You guys do your backtests and let us know in a few months the results. In the meantime, I will be doing my FORWARD tests and banking the pips
******************* I'd rather make money than be right.
  • #6,837
  • Aug 16, 2009 9:23pm Aug 16, 2009 9:23pm
Quoting FrankenPip
From post #1:

As shown, we have our 'primer' (SM Scalper Candles) and our 'charge' (MA color) wired to our 'detonator'. As PA (train) moves along, it takes a random path whereby it changes direction. This action (PA) thereby energizes your primer by having it change color from 'white' to 'black' or 'black' to 'white' depending on direction.
We have condition one (1) complete.

Very quickly, as PA continues in the same direction,...
Do not need to focus on the meter as much. I get primer and charge visually and live, detonator need only two bombs being the same color in order for detonator to become hot. Really simple there.

'Trains' have been used since post #1 began a while back.

What else have we been 'derailing' since the beginning.

While I personally am going to defer any statement on this, you may get a response from others on your thread advertisement. They may be good or bad depending on someones mood, so just to make you aware.

Regards.
  • #6,838
  • Aug 16, 2009 9:25pm Aug 16, 2009 9:25pm
Agreed they are only an indication but they do give someone an idea of how a system performed over the past.

Regards,
Jeff

Quoting scartree
DX
I totally agree. Backtests are only an indication at best certainly not a guarantee of future performance.

Edge - the penny has dropped. I have been studying the correlation between the chosen pairs and there is such a strong bond that once a trade is identified it is highly probable it will occur on the other pairs within a short period of time. B... marvellous! This has been a revelation on top of the simplication of my charts. I am starting to enjoy this process albeit that my eyes are assuming square proportions!! Looking forward to taking...
  • #6,839
  • Aug 16, 2009 9:26pm Aug 16, 2009 9:26pm
Quoting DXTrade
Actually I'm not sure whether I should filter the Trix arrows with the SMI or vice versa.
Anybody a valid argument for one of the options?
Do whichever you deem prudent and show me a EY chart shot.

The one that is closest to matching my signal will be choosen as the starting point here.

You folks create and I will validate! How's that for a deal?

Regards.
  • #6,840
  • Aug 16, 2009 9:27pm Aug 16, 2009 9:27pm
Backtesting is a part of trading. Being a good manual trader is utilizing all of the tools available and backtesting is a tool. Nothing more.
I will do better utilzing all the tools than you will do by not utilizing all the tools.

Regards,
Jeff

Quoting 4xStar
You guys do your backtests and let us know in a few months the results. In the meantime, I will be doing my FORWARD tests and banking the pips
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