AY AY Captain.
On it !!
On it !!
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DislikedI continue to search for a better indicator to work well with ALF.
In the last few days I reviewed most of John Ehlers published indicators and, after a lot of experimentation, ended up with an indicator called Instant Trendline and coded IT_Candles (posted below) to interface with it.
This is as beta as it gets since I did most of the work when the market was closed and so have no idea how it will work on live data.
If any of you would like to be beta testers, download both indicators, put them in yourmt4/experts/indicators and replace Fractal_Candles_SR_v3...Ignored
DislikedHi Lou,
I added them to the chart and they look real nice, less jumpy and sticking with the trend. Don't know how they will react in live trading. Some things look very nice in a static environment but tend to do things different in live mode. Such as repainting or huge cpu absorbtion. I will look at it closely monday morning and will leave a reply on the board before your monday morning wake up call! One question, the alpha value in the settings, how do you come up with the number? Is it mathematical founded, based on Ehlers work or just plain...Ignored
DislikedThank you Lou, as always for your hard work,
just more painful that i need to wait after the weekend to test these new indis.
also how is the alert coming on the Alf candle system? i really like to see if my trade entry points are the same as yours. see how close i can come to what you have.
have a nice weekend and i already templated the indis together so i can check it on pairs nobody test, expect meIgnored
DislikedLou, when you say "exit on all color changes", do you mean when the IT lines cross or when the candles change from red or green to one of the other colors?Ignored
DislikedHi Lou,
So from now on you are suggesting to use the IT_candles in place of Fractal_SR_candles or we just wait for the results and see how the new one performs in live market?
Thanks for all your efforts.Ignored
DislikedNo, not at all. I plan to be using it on Monday to see how it performs live but others may either continue using what they are used to or become beta testers of the new IT_Candles - your choice.
EDIT - John Ehlers has a Power Point presentation on the Instant Trendline posted at his website - if interested, look under the "Seminars" tab.Ignored
DislikedLou,
You state enter/exit on colour change and never refer to the ALF line in your discussion on IT Candles. However, your chart shows IT candles with the ALF line.
On putting IT candles on my charts, green is always above while red is always below (as expected i guess but they do sometimes straddle the line). So am i assuming that it is self-evident and therefore no discussion about IT candles and ALF is warranted or are you implying that the ALF is not even required.Ignored
DislikedHi Lou,
thanks Lou G for this best Tradingsystem i ever seen ....
Thanks for the optimated system by pilotui .
I will share my Template and my Indicators to follow you.
This System is perfect for me and others. And i think less indicators are better for a better overview ....
Best Regards
bretleeIgnored
DislikedLou, GREAT system! I am a long time lurker first time poster to your thread.
I am sure you have already thought of this, but, when I change the ALF line color to say, green, and 1 point thickness, when I reload the chart it always reverts back to the blue, 2 line thickness. I am waiting until Tuesday to load up the newest indicators after your live trading on Monday so that issue may have already been addressed.
Thanks and keep up the great work.Ignored