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ALF revisited - simple, effective daytrading

  • #361
  • Jun 8, 2010 6:10pm Jun 8, 2010 6:10pm
Hi Lou, once again thank you for your great work! I am still getting used to the split candles, but I do see there benefit.
Are you going to try and make an alarm for the candle close through ALF? This would be a fantastic addition to an already amazing system!

I trade GBP/JPY soley and have good results, have to be very careful of trading times but its very rewarding....

Thanks
  • #362
  • Jun 8, 2010 6:38pm Jun 8, 2010 6:38pm
Lou,
The yellow box in the chart of your post# 342 looks like the flexbox indi you developed from another thread you started - correct? It would be great if somehow you can re-program to use as add'l filter for your ALF system. I added it to a chart and found that the box is formed after "x" # of candles, thus making it appear too late to use for current signals.

Quoting Lou G
Sorry to have caused confusion - I should (and usually do) know better.

We are entering a no-trade zone.
  • #363
  • Jun 9, 2010 4:41am Jun 9, 2010 4:41am
Well boys, I don't see much to trade with on the EU so far.

Much to choppy to my liking.

When in doubt, stay out !!

.................but.................a short might setup soon, so stay alert.
  • #364
  • Jun 9, 2010 7:08am Jun 9, 2010 7:08am
Textbook M15 long trade - EU more tradable today.

This version of the indicator (with S/R) posted below,

EDIT: sorry, I posted the wrong indi - hereby corrected
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 9 KB
Attached File(s)
File Type: ex4 Fractal_Candles_SR_v2.ex4   6 KB | 580 downloads
Old Benjamin was right
  • #365
  • Jun 9, 2010 7:22am Jun 9, 2010 7:22am
I'll post the source code over the weekend and maybe even make the split candles optional if I have time and can get it working...
Old Benjamin was right
  • #366
  • Jun 9, 2010 8:12am Jun 9, 2010 8:12am
Lou G,
Any difference between ALF_candles_v2 (post #1) and Fractal_candals_v2 other than the fractals levels? Thanks.
  • #367
  • Jun 9, 2010 8:23am Jun 9, 2010 8:23am
Quoting desi
Lou G,
Any difference between ALF_candles_v2 (post #1) and Fractal_candals_v2 other than the fractals levels? Thanks.
Nope.
Old Benjamin was right
  • #368
  • Edited 8:31am Jun 9, 2010 8:28am | Edited 8:31am
Just posted the source and executable for Fractal_Candles_SR_v3 (see Post #1).

This is the parent indicator for all current versions of ALF_Candles.

Split candles are a user option on the Inputs Tab and you may see/not see the fractal S/R by tinkering with the Color Tab in the usual way.

Have fun...
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 10 KB
Old Benjamin was right
  • #369
  • Jun 9, 2010 8:43am Jun 9, 2010 8:43am
...was able to grab a few pips. A little nerve wracking though.
Attached Image (click to enlarge)
Click to Enlarge Name: 6-9-10 eu long.gif Size: 18 KB
  • #370
  • Jun 9, 2010 9:06am Jun 9, 2010 9:06am
Quoting Fxmt4
MoneyMaker,
How did you add TVI_2Color to your chart to get 3 lines to appear? Would you post a template?
Drag it over to the indicator panel 2 more times.
  • #371
  • Edited 9:35am Jun 9, 2010 9:27am | Edited 9:35am
Quoting MoneyMaker
Drag it over to the indicator panel 2 more times.
This will not work the way you think - it was covered in the original thread. Multiple indicators in the data window do not show accurate values (although the colors may be correct). Try adding a zero level to each indicator and you'll see what I mean...

Also, TVI has been superseded by ALF_Candles (or Fractal_Candles). Using them together is sort of pointless, IMHO.
Old Benjamin was right
  • #372
  • Jun 9, 2010 9:43am Jun 9, 2010 9:43am
The long trade posted earlier turned into an excellent trade...
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 8 KB
Old Benjamin was right
  • #373
  • Jun 9, 2010 9:45am Jun 9, 2010 9:45am
Quoting Lou G
The long trade posted earlier turned into an excellent trade...
Hi Lou

But this trade did not occur in NY session.

Thanks
Make money Not pips
  • #374
  • Jun 9, 2010 9:50am Jun 9, 2010 9:50am
Quoting balle1973
Hi Lou

But this trade did not occur in NY session.

Thanks
Trade as shown began at 7:45 NY time. I happened to be at the computer 15 minutes before NY open.
Old Benjamin was right
  • #375
  • Jun 9, 2010 10:19am Jun 9, 2010 10:19am
Nearly 100 pips so far...
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 8 KB
Old Benjamin was right
  • #376
  • Jun 9, 2010 10:39am Jun 9, 2010 10:39am
What on Earth is the PA?


Quoting Lou G
Why a new thread?
Exit Guidelines:

There are 3 possibilities.

1. PA re-connects with ALF. This is a good exit for trades in which ALF bends in the direction of the trade.

2. A candle of another color. An optional exit for shorter trades when ALF does not begin to follow PA.

3. Because you have a "feeling" about the trade, or the market is jumpy, you have gained 10-15 pips and would like to keep it.
What on Earth is the PA?
  • #377
  • Jun 9, 2010 10:41am Jun 9, 2010 10:41am
Quoting mindreality
What on Earth is the PA?




What on Earth is the PA?

Price Action
  • #378
  • Jun 9, 2010 10:44am Jun 9, 2010 10:44am
Consider post #376 to be the postmortem for today

Even the part after the retracement was worth having.
Old Benjamin was right
  • #379
  • Jun 9, 2010 10:45am Jun 9, 2010 10:45am
Quoting Lou G
This will not work the way you think - it was covered in the original thread. Multiple indicators in the data window do not show accurate values (although the colors may be correct). Try adding a zero level to each indicator and you'll see what I mean...

Also, TVI has been superseded by ALF_Candles (or Fractal_Candles). Using them together is sort of pointless, IMHO.

I agree wholeheartedly, was just answering their question.
When I posted that chart I was reading thru the other thread and came upon the whole discussion of it. Kinda why I dropped them from my charts...... it's amazing how little "work" people want to do to succeed.
Gimme this gimme that.....
EA this, EA that....just truely amazing
As you have stated many times, screen time will help develop pattern recognition.

As Aristotle said "We are what we repeatedly do. Excellence ,therefore, is not an act but a habit."

MM
  • #380
  • Jun 9, 2010 11:12am Jun 9, 2010 11:12am
You have made a perfect indicator, sir.
WANT WHAT THE MARKET WANTS...
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