ALF/TVI - Simple, effective daytrading | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ALF revisited - simple, effective daytrading 1,194 replies

1min scalping using mtf ALF by bbolss 685 replies

How difficult is it to find an effective daytrading method? 156 replies

Alf Alert problem 2 replies

tvi histogram 0 replies

Attachments: ALF/TVI - Simple, effective daytrading
Exit Attachments

ALF/TVI - Simple, effective daytrading

  • #441
  • Apr 19, 2010 2:47pm Apr 19, 2010 2:47pm
Hi LOU,
As I said in my previos post, here is the setup that I told you. The TVI turn green but the PA is already above ALF
Thanks

best regards
gopsat
Attached Image (click to enlarge)
Click to Enlarge Name: forex.jpg Size: 153 KB
  • #442
  • Apr 19, 2010 4:55pm Apr 19, 2010 4:55pm
Quoting gopsat77
Hi LOU,
As I said in my previos post, here is the setup that I told you. The TVI turn green but the PA is already above ALF
Thanks

best regards
gopsat
Yes, it looks like a trade to me.
Old Benjamin was right
  • #443
  • Edited 3:08am Apr 20, 2010 2:12am | Edited 3:08am
Hello everyone,
Have not posted for a while here. So here are my results using this system + fibo pivots.
Pairs are different as you can see.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.gif Size: 61 KB

Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 19 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 18 KB
The Road appears under the steps of walking men...
  • #444
  • Apr 20, 2010 6:02am Apr 20, 2010 6:02am
hi all, is there anyway to make a EA out of this system?

What most important is able to program the ADF to enter short when the PA is below e ADF and long when the PA is above ADF for a 15 mins TF? the tvf is not very important n is not a must to include it.

if anyone is able to do it, then jus need 1 more indicator which i now testin it to confirm e entry which also take reference to H1 TF...

please let me knw asap... cant wait for e EA... lol
  • #445
  • Apr 20, 2010 6:13am Apr 20, 2010 6:13am
Nevertheless, i let u know the criteria. Please see print screen as well.

Entry for long:

Condition 1: For 15 Mins TF, if PA above ALF.
And
Condition 2: For 15 Mins TF, the latest blue arrow pointing up
And
Condition 3: For 1 Hours TF, the latest blue arrow pointing up.
Execute: Long

Entry for Short:

Condition 1: For 15 Mins TF, if PA below ALF.
And
Condition 2: For 15 Mins TF, the latest blue arrow pointing down
And
Condition 3: For 1 Hours TF, the latest blue arrow pointing down.
Execute: Short

The TP can fixed at 10 pips which i think can be guaranteed to hit TP. As for SL, can fixed at 20 pips. I still trying out...

Anyone can come out with a EA based on the above conditions?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 130 KB
Click to Enlarge Name: Capture1.JPG Size: 128 KB
  • #446
  • Apr 20, 2010 6:16am Apr 20, 2010 6:16am
Quoting KPForex
hi all, is there anyway to make a EA out of this system?

What most important is able to program the ADF to enter short when the PA is below e ADF and long when the PA is above ADF for a 15 mins TF? the tvf is not very important n is not a must to include it.

if anyone is able to do it, then jus need 1 more indicator which i now testin it to confirm e entry which also take reference to H1 TF...

please let me knw asap... cant wait for e EA... lol
Ea is just a set of rules. EA will trade all the signals. And I do not think ea will be profitable. And I wonder why do you need EA? is it so hard to trade one or two trades per day to be happy?
The Road appears under the steps of walking men...
  • #447
  • Apr 20, 2010 6:25am Apr 20, 2010 6:25am
Quoting Soondoock
Ea is just a set of rules. EA will trade all the signals. And I do not think ea will be profitable. And I wonder why do you need EA? is it so hard to trade one or two trades per day to be happy?
haha.. i understand.. but just want to see whether can we create more pips out a EA... it would be beneficial to those who cannot glue to their system all day as i understand not all of them are trading full time...

just a thought to see whether it can be done...
  • #448
  • Apr 20, 2010 6:26am Apr 20, 2010 6:26am
anyway now i enter short for both EU and GU and TP is 10 pips each..

see whether it works..
  • #449
  • Apr 20, 2010 6:36am Apr 20, 2010 6:36am
Quoting KPForex
haha.. i understand.. but just want to see whether can we create more pips out a EA... it would be beneficial to those who cannot glue to their system all day as i understand not all of them are trading full time...

just a thought to see whether it can be done...
Well I can say that everything can be coded. I have a few ea which built on unique indicators you never find on the web, manual trading using them gives nice result. And EA coded according to the same rules gives about 1000% since 1 jan 2009 till now... But forward testing has very different picture. So I think Ea even much harder to trade, you should optimise it every time. I do not trust EA.
The main problem of beginners is that like you said: just want to see whether can we create more pips out. Do not be greedy. Brokers never give you alot so trade wisely. To be successful we must make fixed amount of pips constantly. And the more time you trade, more you risking.
The Road appears under the steps of walking men...
  • #450
  • Apr 20, 2010 6:53am Apr 20, 2010 6:53am
Quoting Soondoock
Well I can say that everything can be coded. I have a few ea which built on unique indicators you never find on the web, manual trading using them gives nice result. And EA coded according to the same rules gives about 1000% since 1 jan 2009 till now... But forward testing has very different picture. So I think Ea even much harder to trade, you should optimise it every time. I do not trust EA.
The main problem of beginners is that like you said: just want to see whether can we create more pips out. Do not be greedy. Brokers never give you...
noted, thanks for your advice, Soondoock...
  • #451
  • Apr 20, 2010 7:15am Apr 20, 2010 7:15am
Quoting KPForex
anyway now i enter short for both EU and GU and TP is 10 pips each..

see whether it works..
hit TP for EU for 10 pips

now left GU still "dangling" there.. lol
  • #452
  • Apr 20, 2010 7:18am Apr 20, 2010 7:18am
Quoting KPForex
hit TP for EU for 10 pips

now left GU still "dangling" there.. lol
i move my GU to break even, because the blue arrow point up in 15 Mins TF
  • #453
  • Edited 7:49am Apr 20, 2010 7:20am | Edited 7:49am
I am not sure about GU. I have a few Fibo lvls near price.
The Road appears under the steps of walking men...
  • #454
  • Apr 20, 2010 7:51am Apr 20, 2010 7:51am
Hi All,

Day 2 of trading this live and I decided to sleep in for an extra 20 min. (what a mistake!). Had wanted to be up at 5am Los Angeles time (8am EST), got up at 5:20 instead and took a small trade after the fact based on Lou's rules. I've attached an image.
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 06-10 4_20_2010 (15 Min).jpg Size: 64 KB


Good trading all!
  • #455
  • Apr 20, 2010 7:55am Apr 20, 2010 7:55am
A fast +15 pips - anywhere in the highlighted area was a good entry. The arrow is where I entered.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 8 KB
Old Benjamin was right
  • #456
  • Apr 20, 2010 8:03am Apr 20, 2010 8:03am
IMHO, an EA of this method will eat your account for lunch...

Soondoock is right:

Wait for good signals, trade once or twice a day, cut your losses when trades turn against you, strive mightily to make each day profitable.
Old Benjamin was right
  • #457
  • Edited 8:59pm Apr 20, 2010 8:58pm | Edited 8:59pm
Nice work -- you got out right in time! Lack of sleep pays (see my earlier post from today - I slept in this am and it cost )

Happy trading!
  • #458
  • Apr 21, 2010 12:39am Apr 21, 2010 12:39am
went short just now and hit my SL.. any body know hw to prevent?..
Attached Image (click to enlarge)
Click to Enlarge Name: cap.JPG Size: 169 KB
  • #459
  • Edited 12:54am Apr 21, 2010 12:44am | Edited 12:54am
Quoting KPForex
went short just now and hit my SL.. any body know hw to prevent?..
Hello, what are the parameters of TVI it seems you have same settings for both but your histogram is green and 2color line tvi is red.

If you entered short on the opening of the candle you marked, then you supposed to have +15 on the trade if entered on close about +10. I avoid trading for an hours because this time is always with wipsaws. Price moves up and down.

And I have a bit different picture of price. Also It seems histogram is repainting. When you keep you MT4 work for a few hours and after that you reload the template you can see that tvi change colour of the previous bars.
Attached Image (click to enlarge)
Click to Enlarge Name: egugif.gif Size: 19 KB
The Road appears under the steps of walking men...
  • #460
  • Apr 21, 2010 3:31am Apr 21, 2010 3:31am
Quoting Soondoock
Hello, what are the parameters of TVI it seems you have same settings for both but your histogram is green and 2color line tvi is red.

If you entered short on the opening of the candle you marked, then you supposed to have +15 on the trade if entered on close about +10. I avoid trading for an hours because this time is always with wipsaws. Price moves up and down.

And I have a bit different picture of price. Also It seems histogram is repainting. When you keep you MT4 work for a few hours and after that you reload the template you can see that...
my tvi for both is 8,8,5... is that correct? actually i entered a candle after it...so i hit my SL... i always keep my MT4 work on... so i dun know that it repaints... how do i prevent that?
0 traders viewing now