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Disliked...from Albert Einstein:
"Every explanation should be as simple as possible - but not more simple".
"If you can't explain it to a six-year-old you don't understand it yourself".Ignored
DislikedI posted an improved version of ALF_Candles. See Post #1 - download ALF_Candles_v2.ex4 and install as before.
Improvements:
1. Corrected handling of fractal candles and double fractals (candles which are both an up and a down fractal). If you have no clear idea of what fractals are, I've added a link to a concise explanation - see Post #1 under the heading "what are ALF candles".
2. Split candles (2 colors) that show the exact point at which the candle passed through support or resistance.
Normally I would delay posting a revision of this...Ignored
DislikedThanks LouG for the updated candles. I thought I understood before but this makes it a little more clear.
If I am correct there are two ways to enter one when a candle closes below/above the blue line.
And the second way would be for a candle to break the low or high of a fractal and be either above or below the blue line.
Is it that simple?
I posted what I thought may be two good shorts below the blue line and fractals being broken yellow arrow is entry candle?
thanks again for your workIgnored
DislikedLou G
Please could you clarify the colours for the ALF_Candles v2?
The original ALF_Candles had 5 line indices, which were set with the template as:
0 Black
1 Black
2 Medium Sea Green (width 5)
3 Red (width 5)
4 Black
However, ALF_Candles version 2 has 6 lines
Many thanks for coding some excellent indicators!Ignored
Disliked"By the book" exit of previous trade. Some will say, "but you left pips on the table". This is true but I'm trying to show that you can trade this method with fairly rigid adherence to rules and still make a pip or two.
Rule says "exit at change of TVI direction or cross of ALF".Ignored
Dislikedof the week off to a good start, looking for a possible +30, but will bail if it hesitates at previous support @75.10.Ignored
DislikedI was reading thru the original thread over the weekend and just wanted to respond to this. If you can't get over the fact that you are gonna leave pips on the table, walk away now before you lose everything. Greed and fear has no place in trading.
It gets me how people will constantly try to pick the top or bottom to the pip. Quit trying, YOU WILL LOSE.Ignored
DislikedExited 1/2 at 74.933 for +37 at hesitation and moved my stop to 75.10 for a lock of +20 for the rest, but decided to close the last half @ 74.77 when it pulled back for +53 more for a total of 90 pips tonight. Think I'm done til tomorrow. No need to be greedy.
http://i49.tinypic.com/28s99wm.pngIgnored