Alien's Extraterrestrial Visual Systems | Page 1125 | Forex Factory

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Alien's Extraterrestrial Visual Systems

  • #22,481
  • Mar 15, 2021 9:53am Mar 15, 2021 9:53am
Quoting Gonzaga
{quote} rsioma div --- https://www.forexfactory.com/thread/...80#post7267280 bbs dashboard----------- https://www.forexfactory.com/thread/...73#post7259173
yh, thanks all in hand.
  • #22,482
  • Mar 15, 2021 10:15am Mar 15, 2021 10:15am
Quoting christian123
{quote} yh, thanks all in hand.
lets learn together alien brother chris-------------
  • #22,483
  • Mar 15, 2021 12:24pm Mar 15, 2021 12:24pm
the paperclip for indis is active again on top of the page------------
thanks ff staff---------------
  • #22,484
  • Mar 15, 2021 1:35pm Mar 15, 2021 1:35pm
Quoting Gonzaga
{quote} what we need to scan for trading edge---- breakout opportunities so we look for bbs------ then we see if adx is contracting------- {image}
That is right. BBS on multi time frames increases probability of good trade. It is also correct to look for ADX compression.

Alien tells us about this in his best post here:

Quoting forexalien
{quote} Major TIP, PLEASE READ THIS ONE ! {image} {image} {image} {image}
  • #22,485
  • Mar 15, 2021 1:46pm Mar 15, 2021 1:46pm
Quoting Zimbinga
{quote} That is right. BBS on multi time frames increases probability of good trade. It is also correct to look for ADX compression. Alien tells us about this in his best post here: {quote}
thats a great post from Alien----------

but remember...... Alien never talked about price---------------------- he was pro illustrating price with visuals---------
the most intuitive way a newbie can start assimilating price patterns is from visuals------------ that's why they are so attractive---------

then its our job to get deep------------

join in alien jim brother---------------- lets learn together--------
  • #22,486
  • Mar 15, 2021 2:04pm Mar 15, 2021 2:04pm
Quoting Gonzaga
{quote} going--------- {image}
another short at round nr 1.400 ... bbs on... adx compressing... consolidation above half number...... lets see
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroM15.png Size: 61 KB
  • #22,487
  • Mar 15, 2021 2:09pm Mar 15, 2021 2:09pm
Quoting Gonzaga
{quote} another short at round nr 1.400 ... bbs on... adx compressing... consolidation above half number...... lets see {image}
look at the spread..... 11 ----- mm manipulating spreads while filling big orders-----------
Attached Image
  • #22,488
  • Mar 15, 2021 2:46pm Mar 15, 2021 2:46pm
Quoting Gonzaga
{quote} another short at round nr 1.400 ... bbs on... adx compressing... consolidation above half number...... lets see {image}
so for example-------------- here we have a 50% chance of price breaking 1.4000 up and 50% change of price being rejected by 1.4000 and go down--------
but this is a special ocasion for those 50% winning because its a breakout a big move a new wave-------- so the winnings will be greater than the loss IF YOU PROTECT YOUR LOSS PER MAX% DD----------

just that--------------

now trying to do a technical analyze its trying to get a little edge also on those 50% chance of winning-------------- but you can the same lose------ doesnt matter you are willing to acept it------------------ because next breakout you have another chance of another winner greater then the possible loss---------
  • #22,489
  • Mar 15, 2021 2:55pm Mar 15, 2021 2:55pm
Quoting Gonzaga
{quote} so for example-------------- here we have a 50% chance of price breaking 1.4000 up and 50% change of price being rejected by 1.4000 and go down-------- but this is a special ocasion for those 50% winning because its a breakout a big move a new wave-------- so the winnings will be greater than the loss IF YOU PROTECT YOUR LOSS PER MAX% DD---------- just that-------------- now trying to do a technical analyze its trying to get a little edge also on those 50% chance of winning-------------- but you can the same lose------ doesnt matter you...
now we dont want a losing strike..... but that could also happen there probabilities to prove that ....... thats why we need to go deep in knowledge and be the better technical at the chart... and most important again have a controlled small dd% for each trade we take because a losing strike will probably come----- if you dont protect yourself you can wipe out in less then one day your whole week month year of work-----------
  • #22,490
  • Mar 15, 2021 6:03pm Mar 15, 2021 6:03pm
Has anyone used the Alien systems for 2+ years and verified that it works in long term? Really ineresting. I'm a programmer and I'm thinking of creating an EA based in these systems if these systems are proven to be reliable long term.
  • #22,491
  • Mar 16, 2021 12:11am Mar 16, 2021 12:11am
Quoting Gonzaga
{quote} another short at round nr 1.400 ... bbs on... adx compressing... consolidation above half number...... lets see {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroH1.png Size: 73 KB
  • #22,492
  • Mar 16, 2021 12:13am Mar 16, 2021 12:13am
Quoting MrMoneyMaker
Has anyone used the Alien systems for 2+ years and verified that it works in long term? Really ineresting. I'm a programmer and I'm thinking of creating an EA based in these systems if these systems are proven to be reliable long term.
it has been tried several and too many times------
ea are good for managing stuff----------- but they cannot do what a good pair of eyes and a brain with a right mindset can----------
  • #22,493
  • Mar 16, 2021 12:16am Mar 16, 2021 12:16am
Quoting Gonzaga
{quote} it has been tried several and too many times------ ea are good for managing stuff----------- but they cannot do what a good pair of eyes and a brain with a right mindset can----------
but again i dont mean to discourage------ maybe you can bring something new to the table-----
  • #22,494
  • Mar 16, 2021 12:35am Mar 16, 2021 12:35am
Quoting Gonzaga
{quote} but again i dont mean to discourage------ maybe you can bring something new to the table-----
Thank you Gonzaga. So these systems still work today in 2021? Are there any new modifications made in the systems that I should be aware of after the very first few pages of this thread written in late 2013? I just discovered these systems and am still reading the very start of this thread and taking notes.

It might take a while to read more pages and try out the systems manually and write up the EA. If I succeed in the automation I'll share it with you and others!
  • #22,495
  • Mar 16, 2021 12:43am Mar 16, 2021 12:43am
Quoting MrMoneyMaker
{quote} Thank you Gonzaga. So these systems still work today in 2021? Are there any new modifications made in the systems that I should be aware of after the very first few pages of this thread written in late 2013? I just discovered these systems and am still reading the very start of this thread and taking notes. It might take a while to read more pages and try out the systems manually and write up the EA. If I succeed in the automation I'll share it with you and others!
the major difference between first Alien lessons and the very last ones is the mtf in one chart i think----------
but you have to be aware that most indis used are for visual interpretation---- Alien tried to show visual patterns from them---- but they are just that-----
then your analyze is required using your emotional skill and risk management which is made not only before you enter the trade but always as you are in the market---------- so thats why many tried to replicate this with ea with less success......
  • #22,496
  • Mar 16, 2021 1:24am Mar 16, 2021 1:24am
Quoting Gonzaga
{quote} the major difference between first Alien lessons and the very last ones is the mtf in one chart i think---------- but you have to be aware that most indis used are for visual interpretation---- Alien tried to show visual patterns from them---- but they are just that----- then your analyze is required using your emotional skill and risk management which is made not only before you enter the trade but always as you are in the market---------- so thats why many tried to replicate this with ea with less success......
Would you please share with me the .mql4 (source code) files of all the indicators/panels/etc for the newest version of the alien systems? That will certainly help me with the development of the EA faster.

I have been running a 100% fully autmated crypto trading system on Binance and Bitmex for 3 years now. While it's specialized for cryptocurrencies and won't work for forex, what I learned from writing that system is that full automation is only possible when all the necessary variables are properly and correctly quantified, and I believe this rule applies to forex algorithmic trading as well. So in my humble opinion, if a system needs the incorporation of a human trader's intuition/discretion/psychology/emotions in their trading, then that means there are some variables that haven't yet been quantified in that system. As for the alien systems, I don't know what these missing variables are that are needed for full automation. Once I get the system set up, I'll try and find what new things need to be introduced or existing things be modified.
  • #22,497
  • Mar 16, 2021 1:32am Mar 16, 2021 1:32am
i see some good in this system, but hard for me to understand.
  • #22,498
  • Mar 16, 2021 1:35am Mar 16, 2021 1:35am
Quoting MrMoneyMaker
{quote} Would you please share with me the .mql4 (source code) files of all the indicators/panels/etc for the newest version of the alien systems? That will certainly help me with the development of the EA faster. I have been running a 100% fully autmated crypto trading system on Binance and Bitmex for 3 years now. While it's specialized for cryptocurrencies and won't work for forex, what I learned from writing that system is that full automation is only possible when all the necessary variables are properly and correctly quantified, and I believe...
this goes out a bit of my area of knowledge----- i know they are algorithms operating the markets.... im speculating but these algorithms serve their own purpose and cannnot be easily or at all replicated be us------- also you have to keep in mind you extropolating from crypto--------- which is a market that has rising inherit value.... so its like a hunt for lows to buy if the proper conditions are met----- its easier for any ea-------
  • #22,499
  • Mar 16, 2021 1:36am Mar 16, 2021 1:36am
Quoting christian123
i see some good in this system, but hard for me to understand.
Many things in life are hard to understand when you first learn it, learning to play the guitar, learning martiar arts, learning chess, etc. Learning a new trading strategy is the same. Hard at first but once you get familiar with it and internalize all relevant concepts I'm sure it'll get easier
  • #22,500
  • Mar 16, 2021 1:37am Mar 16, 2021 1:37am
Alien brother Gonzaga, please if you could give me some notes on the visuals for the indicators on how to use them i will really appreciate it , cos im trying to figure out on my own buh its very difficult. after i learn about the indicator visuals iwill build up my emotional skills, analysis skills and risk mm skills on the system.
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