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ALF revisited - simple, effective daytrading

  • #301
  • Jun 7, 2010 9:34am Jun 7, 2010 9:34am
Took +11 pips and chickened out (or is it the other way 'round)?

VERY jumpy right now.
Old Benjamin was right
  • #302
  • Jun 7, 2010 9:41am Jun 7, 2010 9:41am
Quoting Lou G
Took +11 pips and chickened out (or is it the other way 'round)?

VERY jumpy right now.
Hi Lou

I took the same trade. +10

can you please upload the scripts for putting order.

Thanks
Make money Not pips
  • #303
  • Jun 7, 2010 9:45am Jun 7, 2010 9:45am
Everybody with me on this. It's what I saw prior to the last trade.

Didn't really need the trendline though - ALF_Candles told me what to do.

Open below ALF (entry guideline) and take some pips if you can...
Attached Image (click to enlarge)
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Old Benjamin was right
  • #304
  • Jun 7, 2010 9:51am Jun 7, 2010 9:51am
I right there also...
Attached Image (click to enlarge)
Click to Enlarge Name: alf 1.gif Size: 10 KB
  • #305
  • Jun 7, 2010 10:11am Jun 7, 2010 10:11am
Do we have to put both versions of the Alf Candles indicator on the chart at the same time? Because if we dont some candles are only half coloured.
Thank you...
  • #306
  • Jun 7, 2010 10:14am Jun 7, 2010 10:14am
Quoting The7
Do we have to put both versions of the Alf Candles indicator on the chart at the same time? Because if we dont some candles are only half coloured.
Thank you...
the new version
  • #307
  • Jun 7, 2010 10:22am Jun 7, 2010 10:22am
Price action is relentless today a break of the low may produce a nice short run...
Attached Image (click to enlarge)
Click to Enlarge Name: relentless price action.gif Size: 10 KB
  • #308
  • Jun 7, 2010 10:43am Jun 7, 2010 10:43am
Hi Lou,
i've found this system Friday, i like it very much seams to work very well, thanks.
Those are a couple of trading for today, i'm still learning so, one is good and the other i don't know at this time
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 002_07-06-2010.png Size: 18 KB
  • #309
  • Jun 7, 2010 10:59am Jun 7, 2010 10:59am
Quoting The7
Do we have to put both versions of the Alf Candles indicator on the chart at the same time? Because if we dont some candles are only half coloured.
Thank you...
They are supposed to be partially colored - check the explanation of what ALF_Candles_v2 is doing - it's in Post #1.
Old Benjamin was right
  • #310
  • Jun 7, 2010 11:02am Jun 7, 2010 11:02am
Very thin soup today. +11 pips on one trade.

The new ALF_Candles_v2 appears to be functioning as it should but I will put in my own "screen time" over the next few days and correct any bugs that show up.

EDIT: I take it back, there IS a small coloring bug on the current bar that appears only occasionally.

It does not appear to be serious enough to pull the plug on the indicator, though. I'll work on it...
Old Benjamin was right
  • #311
  • Jun 7, 2010 11:55am Jun 7, 2010 11:55am
Quoting balle1973
Hi Lou

I took the same trade. +10

can you please upload the scripts for putting order.

Thanks
These are the scripts I use for buy, sell and close. Keep in mind that you need to know how to compile them in MT4 if you want to change any parameters - they are scripts, which means they execute on the fly and do not pause to ask for input from you.

Best to set them up as MT4 hotkeys - see MT4 help for how to do this.

Also, they are set up to work with 4 decimal brokers - if your broker is 5 decimal, multiply stop/take profit amount by 10.
Attached File(s)
File Type: mq4 MyBuy.mq4   < 1 KB | 617 downloads
File Type: mq4 MySell.mq4   < 1 KB | 604 downloads
File Type: mq4 MyClose.mq4   < 1 KB | 602 downloads
Old Benjamin was right
  • #312
  • Edited 1:32pm Jun 7, 2010 12:50pm | Edited 1:32pm
Some afternoon pips-sorry i should have removed the rsi i just use it for trend line breaks for a heads up
Attached Image (click to enlarge)
Click to Enlarge Name: alf 2.gif Size: 10 KB
  • #313
  • Jun 7, 2010 2:10pm Jun 7, 2010 2:10pm
Quoting Lou G
These are the scripts I use for buy, sell and close. Keep in mind that you need to know how to compile them in MT4 if you want to change any parameters - they are scripts, which means they execute on the fly and do not pause to ask for input from you.

Best to set them up as MT4 hotkeys - see MT4 help for how to do this.

Also, they are set up to work with 4 decimal brokers - if your broker is 5 decimal, multiply stop/take profit amount by 10.
Thanks for the scripts. Thanks for recommending using hotkeys. This helps so much with executing orders very quickly.
The Eyes Believe What They See And The Ears Believe What Others Say.
  • #314
  • Jun 7, 2010 2:25pm Jun 7, 2010 2:25pm
Lou G my hat is off for you. You have created a wonderful indicator.
WANT WHAT THE MARKET WANTS...
  • #315
  • Jun 7, 2010 2:43pm Jun 7, 2010 2:43pm
At +23 now stopped moved to even holding for 40 pips...great indicator LouG
Attached Image (click to enlarge)
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  • #316
  • Jun 7, 2010 3:33pm Jun 7, 2010 3:33pm
I'm pleased that so many have had winning trades with the indicator (including myself).

I'm aware that there are some minor coloring problems - rest assured that I will resolve them as soon as I can.

Ain't beta fun?
Old Benjamin was right
  • #317
  • Jun 7, 2010 4:07pm Jun 7, 2010 4:07pm
Amazing that this thread has already grown to more than 300 posts.

If you are new to ALF and have joined the thread at the current post (as all of us have done at some point), please take a few minutes to read Post #1 before asking questions. I'm making a major attempt to update that post with all info necessary to understand and trade th ALF method.

Thanks,

Lou G
Old Benjamin was right
  • #318
  • Jun 7, 2010 4:33pm Jun 7, 2010 4:33pm
Lou,

thanks for you wonderfull work. i tested the new indicator as well on the AUSUSD on 15 min. chart and made a + 40 pips.

i know your asking why AUSUSd ??? aint that the fun of it

eur/usd is already tested to death here. so i thought lets try it on different one, to see how good ALF really is. fortunate AUS was fighting a losing battle against the USa dollar as shown in picture below. could have jumped earlier. but i had not started AUSUD earlier.

so far it really is good. i really like the new setup of half candles filled. combine that with ALF and it is very hard in not to make pips.

tommorow i am going to check it on other pairs and lets see what the outcome will be then

Thanks again and have a nice day of trading
Attached Image (click to enlarge)
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  • #319
  • Jun 7, 2010 5:43pm Jun 7, 2010 5:43pm
Quoting trade4fun
Lou,

thanks for you wonderfull work. i tested the new indicator as well on the AUSUSD on 15 min. chart and made a + 40 pips.

i know your asking why AUSUSd ??? aint that the fun of it

eur/usd is already tested to death here. so i thought lets try it on different one, to see how good ALF really is. fortunate AUS was fighting a losing battle against the USa dollar as shown in picture below. could have jumped earlier. but i had not started AUSUD earlier.

so far it really is good. i really like the new setup of half candles filled. combine that...
You're welcome - I'm glad it's working for you.
Old Benjamin was right
  • #320
  • Edited 6:38pm Jun 7, 2010 6:19pm | Edited 6:38pm
Lou, I am really confused with the v2 candle indicator. Is there any part of the tvi indicator built in to this? I am still using the indicators from the old thread with success. I put the new candle indie on and notice that the colors do not correspond with the two color tvi indicator like the old candle from the first thread does. How do we know we are trading in the direction of the tvi with the new indicator?

thanks for posting the winningest (is that a word?) system on FF

FW

edit: I suppose after re-reading post 1 I realize that tvi is no longer considered in this version of the system....
Isolate yourself from the herd
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