Thanks to you Lou!
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DislikedSaw your post on the original thread - astounding results!
Check this chart - month of May using the ALF_Candle on H4:Ignored
DislikedHi Lou & All
I'm uploading a couple of Screenshots of trades I took this morning. I show where I entered and where I am now after about 30 - 45 minutes.
I try to enter when ALF is either 10+ pips above/below so I'm sure of the direction.
Am I missing something??? Where am I going wrong?Ignored
DislikedHi Lou & All
I'm uploading a couple of Screenshots of trades I took this morning. I show where I entered and where I am now after about 30 - 45 minutes.
I try to enter when ALF is either 10+ pips above/below so I'm sure of the direction.
Am I missing something??? Where am I going wrong?Ignored
DislikedHi Lou & All
I'm uploading a couple of Screenshots of trades I took this morning. I show where I entered and where I am now after about 30 - 45 minutes.
I try to enter when ALF is either 10+ pips above/below so I'm sure of the direction.
Am I missing something??? Where am I going wrong?Ignored
Dislikedhi Lou
thanx for update ! its very nice idea to paint not all candle !
but i think there is some litle error
switch now to m1 and see
for me it is painting something strange sometimes
check image
best regards
edit
on m5 also have one candle like this
about 1:20 and my broker is gmt-1 if i remembour rightIgnored
DislikedLou,
thanks for opening this thread. I am testing on an IBFS Demo account in 4h TF. I have a question about the Color tab in the properties of ALF.
# 0 gives me the color I set. What are #1 - #5 used for. Or are they just place holders for now?Ignored
Disliked... either of the replies you've received could be right. The entry is indeed counter-trend but also a bit late - entry at the arrow with a 20 pip stop and you are still in this trade.
Considering the trend to be up and not taking a short would have saved the loss.
So, which is right? Market appears to be shifting from trending to ranging so perhaps getting in earlier would have been best. Ah, hindsight...
A word about stops - IMHO, stops are not meant to be hit - if the trade turns against you in a meaningful way, exit and live to fight another...Ignored
DislikedHi,
I've been following the old thread as well as the new updated one and I would like to thank Lou G for his fantastic work.
I've tried to see if there was any way to filter out some of the bad or range bound trades and while understanding that there is nothing that will ever be able to completely keep you out of these trades, I think I've found something that may help most of the times though.
It's an indicator called NVO (Normal Volume Oscillator). I found it over at the Sonic R thread (so credits go to Sonic and his thread).
Basically how...Ignored