Alien's Extraterrestrial Visual Systems | Page 617 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

CRB Alien!! 215 replies

MT5 indicators for Alien’s trading systems 40 replies

Visual backtest result different from non-visual backtest 0 replies

Systems, Systems and Systems... 1 reply

“Alien Infector,” an MT4 script idea 2 replies

Attachments: Alien's Extraterrestrial Visual Systems
Exit Attachments

Alien's Extraterrestrial Visual Systems

  • #12,321
  • May 19, 2015 7:28pm May 19, 2015 7:28pm
Quoting Pemalex
{quote} I dont think it repaints live data, but looking back the DS will have changed after waiting 14 periods after a new low or high.
Yes the DDS indicator repaints. I remember to have talked about this at the very beginning of the thread. But this is definitively not an issue. It has proved to be very consistent since Alien introduced it.

Of course you can't look back on the chart to check earlier setups.
MT4/MT5 EAs/Indicators/Alerts coder
  • #12,322
  • May 19, 2015 8:39pm May 19, 2015 8:39pm
Quoting Pemalex
{quote} Hi bobbyspider Ive also been asking myself how the delayed stochastic works for a few days. Im not an expert coder in MT4, but know a bit of similar languages. I cant remember if this has already been covered earlier in the thread, but this is what I think happens. The first loop of the code calculates a stochastic type value based on the close low / high low and then works out an EMA of this stochastic. The second loop then works out a standard stochastic calculation based on the result of the first loop where the high and low are worked...
Hi Pemalex, I have to admit that I do not know how the DDS works precisely, but these are "visual" systems. The DDS and RSIOMA have a particular dynamic that is explained in the thread. Personally, all I want to see is the DDS separate from the RSIOMA. Like I said, I don't know the precise formula of the DDS, but what I do know is when I see that visual pattern, the pullback is soon to end and price will resume it's trend. Maybe you are over thinking it just a bit? Since I don't take signals off the DDS but rather the 8,3,3 stochastic, it doesn't matter that much if the peak of the DDS shifts a bit. I am looking for that separation and not much else from that window.

Just my 2 pips.
If you are good at something, never do it for free--Joker
  • #12,323
  • May 19, 2015 10:22pm May 19, 2015 10:22pm
Quoting jmn5611
{quote} Hi Pemalex, I have to admit that I do not know how the DDS works precisely, but these are "visual" systems. The DDS and RSIOMA have a particular dynamic that is explained in the thread. Personally, all I want to see is the DDS separate from the RSIOMA. Like I said, I don't know the precise formula of the DDS, but what I do know is when I see that visual pattern, the pullback is soon to end and price will resume it's trend. Maybe you are over thinking it just a bit? Since I don't take signals off the DDS but rather the 8,3,3 stochastic, it...
MT4/MT5 EAs/Indicators/Alerts coder
  • #12,324
  • May 19, 2015 11:16pm May 19, 2015 11:16pm
Quoting Pemalex
{quote} Hi bobbyspider Ive also been asking myself how the delayed stochastic works for a few days. Im not an expert coder in MT4, but know a bit of similar languages. I cant remember if this has already been covered earlier in the thread, but this is what I think happens. The first loop of the code calculates a stochastic type value based on the close low / high low and then works out an EMA of this stochastic. The second loop then works out a standard stochastic calculation based on the result of the first loop where the high and low are worked...
Like Wow...............Even Alien's UFO computers could have not said it better..................
The More You Learn, The More You Earn.....
  • #12,325
  • May 19, 2015 11:18pm May 19, 2015 11:18pm
Regardless of how it works, EURUSD short DS on 30 min
  • #12,326
  • May 20, 2015 12:12am May 20, 2015 12:12am
Quoting Profit Daily
Regardless of how it works, EURUSD short DS on 30 min
The H1 supports it also

Thanks for posting.......
The More You Learn, The More You Earn.....
  • #12,327
  • May 20, 2015 12:28am May 20, 2015 12:28am
DDS has rolled over and crossed. Bearish divergence on the RSIOMA, long term stoch below 20, intermediate stoch falling out of overbought, 8,3,3 just needs to cycle up and drop and we have something brewing.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 50 KB
If you are good at something, never do it for free--Joker
  • #12,328
  • May 20, 2015 12:56am May 20, 2015 12:56am
EA 1H DS short
  • #12,329
  • Edited 3:27am May 20, 2015 1:08am | Edited 3:27am
Quoting anima999
{quote} I'm still holding this trade on the H4 TF. +40 so far. {image} The price reversed temporarily last night but has since continued to drop. My exit criteria is ADX42 dropping. The blue line shows my entry, as you can see it was less than perfect as the RSIoma was only just crossing 50...its now at 20 so it worked out. D1 showed a downtrend in progress which is what gave me confidence. I've got a close eye on 0.7136 for a new LL so I may take partials there. {image} Not a bank breaker but still profitable.
I have been in this the H4 high on the 15th
I am now more often than not looking for H4 entries - less stress, less watching and when you get to know the pair you can reload on the H1 and H4 pullbacks
Also, this pair more often than not has an H1 pullback generally peaking at about 07:00-08:00 chart time (2:00 pm eastern Aust time.) It is a very reliable entry.
The more I learn the more I don't know
  • #12,330
  • May 20, 2015 4:23am May 20, 2015 4:23am
Quoting FerruFx
{quote} Yes the DDS indicator repaints. I remember to have talked about this at the very beginning of the thread. But this is definitively not an issue. It has proved to be very consistent since Alien introduced it. Of course you can't look back on the chart to check earlier setups.

Hi FerruFX thanks for confirming the repainting. I thought this may have been covered earlier, but couldn’t find the relevant section of the thread.

I agree that we can’t look at previous DS trades, but there are plenty of examples on this thread of charts being posted with old DS highlighted.
  • #12,331
  • May 20, 2015 4:44am May 20, 2015 4:44am
Quoting jmn5611
{quote} Hi Pemalex, I have to admit that I do not know how the DDS works precisely, but these are "visual" systems. The DDS and RSIOMA have a particular dynamic that is explained in the thread. Personally, all I want to see is the DDS separate from the RSIOMA. Like I said, I don't know the precise formula of the DDS, but what I do know is when I see that visual pattern, the pullback is soon to end and price will resume it's trend. Maybe you are over thinking it just a bit? Since I don't take signals off the DDS but rather the 8,3,3 stochastic,...
Hi jmn5611 I probably am over thinking things – it wouldn’t be the first time! But I am new to the Alien system and trying to get comfortable with it all. I don’t want to go on about it, and would stress that the DS slingshot seems to work well live and when there hasn’t been a new high or low, but there are lots of examples in this thread of charts like EU daily below.

I have marked the old DS slingshots on the chart – as you know many people do this. This chart seems to confirm to my inexperienced eyes that the DS works well on EU daily – it goes over 50, crosses the signal line and makes some pips. However I know that EU has recently made multi-year lows, which changed the DS values that you see today. I am confident that some of those DS slingshot trades wouldn’t have existed in the live chart, and all would be lower and thinner.

Just looking at the previous history on this chart tells me nothing about how well DS performs as a strategy, how high the DS needs to go or what difference between the RSIOMA and DS could be a profitable trade. In your words I don't know from this chart how much separation there needs to be. Just to stress the point - we can only reliably do this with live data.

I picked this chart because I know that EU has been making new multi-year lows recently. But if I posted a chart of say GA H1 with historic DS highlighted, I wouldn’t know without checking whether a new high or low for the last 2000 hours had just been made – and so whether the old DS was really there or not.

I really like the Alien system and get the idea of looking at MTF and multiple indicators for confirmation, but FWIW as a newbie I think the DS indicator is a weak point due to this repainting. Also IMHO highlighting historic DS seems the wrong thing to do unless you are confident that there haven’t any more recent highs or lows.

Apologies for labouring the point to those who have already mastered the Alien system and know all this, but hopefully another newbie might find this helpful.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDailyFXFactory2.jpg Size: 651 KB
  • #12,332
  • May 20, 2015 11:20am May 20, 2015 11:20am
Hi Pemalex, My first post on the thread, first post on the forum and very new to MT4 so basically I'm an accident waiting to happen, lol.
I used the strat tester to tick through history up to certain dates relevant to the highlighted areas on your chart above, wondering if in real time just how would they have been printed. Data starts at Jan 1 2012 and I stepped up the tester to the dates noted. Anyone can confirm this, and probably should as I am definitely one of the noobs you speak of.
Yes, they do print differently in real time compared to a historical chart but i see no relevant difference for review / instructive purposes, which is the stage I am at although it might frustrate someone trying to build and test an EA and then getting different results in real time. It's good stuff to know.
My charts will likely have some odd twists due to data sources, etc but i have also compared a full historical chart to these "RT" snapshots and am comfortable that visually there is no narrowing issue you inferred to, the separation is rock solid, although at first glance it does seem that the real time paint does lag the historical picture a bit and might introduce "slippage" in real time.
If I go into the method with this slippage nuance in my head, I'm confident I will manage to work around it. That will come as develop my relationship with the method over time.... and it will take time and I pity the noob that is looking for a system that will deliver profits in short term here, not gunna happen.
Well.... not gunna happen for me. It's gunna take time before I sync up solid.
Its all good stuff, at the end of the day i definitely need to know the nuances of the tools I use, thanks for the diligence, one noob to another.
All this is nonsense IF the strat tester isn't painting as it paces through the data. Its an assumption i made that it is painting step by step. My sincere apologies if this post doesn't format correct or the picts don't attach/view as I'd hoped. The preview just shows a link for the images .... so...... dunno /shrug

10/23/2014
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily 10-23-14.png Size: 34 KB


12/30/2014
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily 12-30-2014.png Size: 34 KB


2/26/2015
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily 02-26-2015.png Size: 34 KB


3/17/2015
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily 03-17-2015.png Size: 34 KB


Will go back to lurking before Alien drop kicks me into the next county!

Question with boldness even the existence of a God; because, if there be one, he must more approve of the homage of reason, than that of blind-folded fear.
Thomas Jefferson
  • #12,333
  • May 20, 2015 11:40am May 20, 2015 11:40am
Quoting Pemalex
{quote} Hi jmn5611 I probably am over thinking things it wouldnt be the first time! But I am new to the Alien system and trying to get comfortable with it all. I dont want to go on about it, and would stress that the DS slingshot seems to work well live and when there hasnt been a new high or low, but there are lots of examples in this thread of charts like EU daily below. I have marked the old DS slingshots on the chart as you know many people do this. This chart seems to confirm to my inexperienced eyes that the DS works well on EU daily it...
Hi Pemalex. The only way you, or any other newbie can get comfortable with this or any other system is to use it on demo for awhile, and after you get bored with that use a live account with very small lot sizes and scale up progressively using a money management method of your choice. There have been a good deal of charts posted with the DS slingshot in progress that went on to make a few pips. I posted one earlier today. Alien does it almost out of habit, and so does marcof. Those are just three examples of posters who have done this over the 600+ pages of this thread. The pattern does not need to be exact, it just needs to be there in any form. Any separation of the DS from the RSIOMA should draw your attention. You would then start looking at other components to evaluate an entry. When I was new I used to try to find the flaw in a system too. Every system has one. I found this to be counterproductive in my trading. But before that happened, I had to recognize that backtesting is of limited, if any, value. Anyways, no one likes to waste their time, so I, for one, definitely understand your concerns. But, as a newbie, load your charts on a demo platform and start making trades. If they fail, you can post them and we can sort things out if you did something wrong. If you did anything wrong at all. I hope this helps.
If you are good at something, never do it for free--Joker
  • #12,334
  • May 20, 2015 12:15pm May 20, 2015 12:15pm
Quoting forexalien
{quote} That chart almost looks like USDCAD , a close second to it anyway..............
Hi Master, this is my count for USD/CAD Weekly. I know you like very much to play it short.
To me after a five waves sequence we already had A wave of ABC correction and we are going up to B.
All Aliens can see the DS that came with wave 3 and 5 and by now it seems that another is coming for the B wave.
As always, time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADWeekly.png Size: 132 KB
Per aspera ad astra
  • #12,335
  • Edited 1:15pm May 20, 2015 12:49pm | Edited 1:15pm
Waiting for FOMC to pull the trigger on E/U , U/J , G/U , A/U , U/C and N/U

Yeah ... Well ... No go for me ^^
Make choices and don't look back !
  • #12,336
  • May 20, 2015 1:55pm May 20, 2015 1:55pm
Quoting jmn5611
{quote}The pattern does not need to be exact, it just needs to be there in any form. Any separation of the DS from the RSIOMA should draw your attention.
Just my observation since i learned this system.
If there isn't a good separation between DS with RSIOMA,check if 100 sto is in the right place (20 lv for short and 80 lv for buy).
RSIOMA is more prone to move because his period is smaller than 100 sto.
Remember that 100 sto is 21 sto of higher tf.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDmicroWeekly.png Size: 66 KB
Work smarter,not harder
  • #12,337
  • May 20, 2015 3:13pm May 20, 2015 3:13pm
On reflection I wasn’t happy with my last post as it sounded as though I knew what would happen if the DS didn’t re-paint. I didn’t - it was just an educated guess. So I have tried to use my very limited knowledge of MQL4 to slightly adjust the DDS indicator so that it only looks back when calculating the DS for a bar. I have added one more input called ScalingFactor which defaults to 10. I’m not suggesting this is the perfect value, but it seems about right. The lookback period for the stochastic in the first loop is ScalingFactor * Pds or in the default case 130 periods. I have also adjusted the start / end points of the 3 loops to allow for this lookback period.

I attach the indicator and 3 screenshots of the old indicator which repaints (in the middle of the chart window) and this indicator (on the bottom) which I don’t believe does.

Looking at the history of daily EU, UJ and GU the good news is that most of the DS slingshots remain more or less the same with both indicators. But some DS in the repainting indicator do not appear with the non-repainting version.

Please could someone else who has more knowledge of MQL4 can confirm that this indicator does not repaint? Perhaps others might find this indicator useful?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDDaily2DDS.png Size: 106 KB
Click to Enlarge Name: USDJPYDaily2DS.png Size: 156 KB
Click to Enlarge Name: GBPUSDDaily2DS.png Size: 168 KB
Attached File(s)
File Type: mq4 DDS_No_Rpt.mq4   7 KB | 484 downloads
  • #12,338
  • May 20, 2015 3:36pm May 20, 2015 3:36pm
Quoting sandrafay
Hi Pemalex, My first post on the thread, first post on the forum and very new to MT4 so basically I'm an accident waiting to happen, lol. I used the strat tester to tick through history up to certain dates relevant to the highlighted areas on your chart above, wondering if in real time just how would they have been printed. Data starts at Jan 1 2012 and I stepped up the tester to the dates noted. Anyone can confirm this, and probably should as I am definitely one of the noobs you speak of.
Hi Sandrafay thanks for the post and taking the time to use the strategy tester to see if the repainting affects the screen shots. I am also new to the MT4 platform and haven’t tried the strategy tester yet so can’t say how it works. As I said in the earlier posts I have seen the DS live and know they can be powerful. My issue is when a trade doesn’t work out and I review the charts for something I have missed I worry that any DS may be imaginary. Also I want to review my performance and see what I could have done better. I guess we can only get there with lots of practise!
  • #12,339
  • May 20, 2015 3:58pm May 20, 2015 3:58pm
Quoting jmn5611
{quote} Hi Pemalex. The only way you, or any other newbie can get comfortable with this or any other system is to use it on demo for awhile, and after you get bored with that use a live account with very small lot sizes and scale up progressively using a money management method of your choice.
Hi jmn5611 Thanks again for your comment. I have been trading demo for a while with positive results. The system builds confidence as Alien says, but I know I am miles away from taking the step to trading real money. The charts of trades that others have posted are incredibly important to the thread and certainly helped me to understand the system.

As I said in my earlier posts I know the DS works live as I have seen it, but that isn’t my issue. I want to review all my trades both good and bad as we can (almost) all improve our entries and exits. Is the only way to review trades taken with this system with certainty to capture all the screens live?

And I’m not trying to find flaws in the system, far from it. It works very, very well live. My frustration is perhaps backtesting this system. You described it as being of limited value. For me, as a newbie, I think of it as accelerated learning. I just don’t know how to do it on MT4 with the current indicator. Does the strategy tester mentioned by Sandrafay work correctly?
  • #12,340
  • May 20, 2015 4:21pm May 20, 2015 4:21pm
I know its the end of the trading day but I just went long on GJ off the M15 DS crossover.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB


RSIoma pinned up, Stochs rising, ADX expansion in higher TFs. The only thing that makes me nervous is the resistance in H4 hence a very small lot size.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 33 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 84 KB


It would have been better to wait for the D1 ADX7 but happy to take a short term trade with small lot and SL placed.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 70 KB
5 traders viewing now