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NITRO Scalping for serious traders

  • #841
  • Feb 10, 2010 2:02pm Feb 10, 2010 2:02pm
Here is the Daman nonlag indicator, I found it by typing it into search box at top of page.

I'm trading very differently now as well although it is definitely based on what I learned last summer from Edgetrader. C4 and Nitro with renko was just too quick for me in the end .. I also prefer 15 min tf. Once my method, which is very simple, is perfected, I will share.

In the meantime, Susan's contributions are greatly appreciated, I will try out that Damon indicator & see if it enhances my method.
Attached File(s)
File Type: mq4 Damon smNonLagMA_v1.mq4   7 KB | 1,208 downloads
******************* I'd rather make money than be right.
  • #842
  • Feb 11, 2010 9:13am Feb 11, 2010 9:13am
The zig zag in invaluable for yuo to see that the market moves upward in a long move and zig zags up and down as it moves up. It is imperative to see the full wave the market is in while it zig zags. You can try the Non Lag Zig Zagv2, @ 0,14,2.0 and a second Non Lag Lig Zagv2 laid on the price with it at 0,1,2.0 and it will show you the major wave and the smaller waves following the price along.

If you are trading a wave, say up, wait until the Trix recycles in the opposite direction before you get in with the Stochastic in agreement going long again.

You do not need the psar. It is over the top but can help you yeye stay on target until you don't need it anymore. It helps really with stops as the price moves along.

One hint: When you start a new move, say down, Look at the previous wave that just completed up. See where the last support was. The market will moves to the point and beyond it. This will help you see at least how far it will move Move along with the market once it completes that support and moves beyond and recycles enter again and go to the next support on the prevous move. If you are moving down you are only concerned with the supports on the previous move. If you can learn to fib, you can fib to the support adn it will give you the number the market will trade to.

Good Luck

I have Skype
  • #843
  • Feb 11, 2010 9:41am Feb 11, 2010 9:41am
I have extensively tried to conquer the Renko candles. The problem with them is that the candle itself take maybe hours after the setup to complete and finish one candle at a time taking hours or reverse with the news quickly.

In other words, timing is very difficult with the Renco

Timing is a problem for all of us.

At least with a candle or bar you can time the candle and see timing changes as the market moves

I think Edge was a great trading coach, but trading naked in the market is very dangerous if you do not have command of the market.

The Forex only moves with an event because it is so large.

The events are the Red FF news.

After you sit in it, it may go the other way, if you don't know what you are doing with the market you might not be sitting there anymore and you loose your money.

They are simple and pretty though.

But candles cannot tell you how the market moves, only prevous information can do that.
  • #844
  • Feb 11, 2010 1:02pm Feb 11, 2010 1:02pm
Susan, send me a PM, as I cannot find you on Skype this way.
  • #845
  • Feb 12, 2010 10:13am Feb 12, 2010 10:13am
Quoting 4xStar
Here is the Daman nonlag indicator, I found it by typing it into search box at top of page.

I'm trading very differently now as well although it is definitely based on what I learned last summer from Edgetrader. C4 and Nitro with renko was just too quick for me in the end .. I also prefer 15 min tf. Once my method, which is very simple, is perfected, I will share.

In the meantime, Susan's contributions are greatly appreciated, I will try out that Damon indicator & see if it enhances my method.
4xStar,
Good to see you back.
Like you think I've learned a lot for c4/nitro, and come to the conclusion that it's much better to use them together rather than separately, time candles and renko. Since as humans we live in a time based world and can see things on timed charts, such as price action, that is difficult if not impossible to see on renko charts even when you use the wicks on option, but renko's main advantage is that it filters out the noise so we can use it at least to see what the general trend is doing on various renko pip sized charts 10 & up.
Looking forward to seeing your new method.
later,
fx45
  • #846
  • Jul 27, 2010 5:01am Jul 27, 2010 5:01am
Hi Every1
Can someone advise please where to get a commercial version of RENKO.

Regards
ForexZAK
  • #847
  • Jul 27, 2010 6:33am Jul 27, 2010 6:33am
use www.google.com

Regards

Kristjan
  • #848
  • Jul 27, 2010 9:16pm Jul 27, 2010 9:16pm
Quoting forexzak
Hi Every1
Can someone advise please where to get a commercial version of RENKO.

Regards
ForexZAK
the renko live chart 3.2 ea is as good as the commerical renko. use the forum search to find it.
To Your Success!!
  • #849
  • Jul 28, 2010 1:12am Jul 28, 2010 1:12am
Quoting ndsouz
the renko live chart 3.2 ea is as good as the commerical renko. use the forum search to find it.
The commercial version (sRenko) is better because it allows you to anchor the opening price of the renko brick so your charts will always open in the same position. The other version makes charts look different when you launch MT4.

sRenko costs USD30.
  • #850
  • Jul 28, 2010 2:21pm Jul 28, 2010 2:21pm
Hi Folks

Thanks a lot for your advices, can someone tell me from where on the web one can purchase the commercial Renko version. I am unable to find one, despite the search on google and yahoo.

Tnx again

Regards
ForexZAK
  • #851
  • Jul 29, 2010 3:40am Jul 29, 2010 3:40am
Quoting forexzak
Hi Folks

Thanks a lot for your advices, can someone tell me from where on the web one can purchase the commercial Renko version. I am unable to find one, despite the search on google and yahoo.

Tnx again

Regards
ForexZAK
I'm the author of the commercial Renko script. You can find a link to my web site in my profile. You can also PM me and I'll reply with the link.

Regards,
Michal
  • #852
  • Nov 30, 2012 1:34pm Nov 30, 2012 1:34pm
Looks like a very successful system. Can anyone post the indicators used in post 838 by Susan.Thanks
What the mind does not know, the eyes cannot see
  • #853
  • Nov 30, 2012 4:27pm Nov 30, 2012 4:27pm
Quoting padila
... successful system ...
NO !

where do you come from ? .... look the date of the last post ! Game over here ... you didn't understand ? :nerd:
  • #854
  • Nov 30, 2012 5:18pm Nov 30, 2012 5:18pm
I think you will improve your result if you only trade in the direction of the slope of the MA,
my idea here is to use the MA as a filter, and compleatly disregard if price is over or under the MA.
only the slope matters, when it's red, only sell when it's green, only buy,
or you could use both requirements, only buy when price is above the MA and the MA is also sloping up and is green,
and only sell if price is below and the MA is sloping down and is red, this will save you a lot of stopouts I think
Bulls are stupid Animals!especially when Im short!
  • #855
  • Dec 1, 2012 4:01am Dec 1, 2012 4:01am
Hi all fellow,

This thread is dead. Has anyone traded this profitable system for long time?
  • #856
  • Dec 1, 2012 4:33am Dec 1, 2012 4:33am
Quoting ~bull.bear~
Hi all fellow,

This thread is dead. Has anyone traded this profitable system for long time?
I don't think it was ever meant to be profitable. Only for entertainment.
  • #857
  • Dec 1, 2012 6:11am Dec 1, 2012 6:11am
Quoting Mingary
I don't think it was ever meant to be profitable. Only for entertainment.
I Think it's nearly impossible to scalp M1 for a long time unless you are a borker or you can see the deep of the market.
  • #858
  • Dec 1, 2012 9:15am Dec 1, 2012 9:15am
Quoting Mingary
I don't think it was ever meant to be profitable. Only for entertainment.
Bringing back this thread is like digging up bones in a cemetery.

It was a fallout of the Keith Brown scam.


Brown was a con man who bilked several members out of thousands of dollars, using the name of expatxxx.
He came back several months later as Edgetrader. This time he was accompanied by TudorGirl (a man posing as a woman) and TRO (using several different names).

The Edgetrader, TudorGirl, TRO apparatus created several different threads. They gradually were exposed and banned.

The thread you're reading now popped up just as Edgetrader was being exposed and banned. It featured his scam system (Nitro) and all of his defenders and allies singing his praises.

There is no money here. It is worthwhile reading, only to show you what kind of thing to stay away from.
  • #859
  • Dec 1, 2012 9:50am Dec 1, 2012 9:50am
Quoting billbss
Bringing back this thread is like digging up bones in a cemetery.

It was a fallout of the Keith Brown scam.


Brown was a con man who bilked several members out of thousands of dollars, using the name of expatxxx.
He came back several months later as Edgetrader. This time he was accompanied by TudorGirl (a man posing as a woman) and TRO (using several different names).

The Edgetrader, TudorGirl, TRO apparatus created several different threads. They gradually were exposed and banned.

The thread you're reading now popped up just as Edgetrader...
I know. I was practising my sarcasm
  • #860
  • Dec 1, 2012 11:12am Dec 1, 2012 11:12am
Yup ,who knows it would be profitable now since all the renko threads are dead. After reading some of the threads, look like it is hardly to backtest with accurate result.

Not sure if possible to code renko bar as other type of indicator? Maybe lines, numbers or something in indicator chart window instead of offline main chart window with renko bar only.
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