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ALF revisited - simple, effective daytrading

  • #421
  • Jun 10, 2010 7:39am Jun 10, 2010 7:39am
What a very effective system you have...I bagged some good pips today (Live) and wanted to thank you.

I have added a filter of my own that I think really helps pinpoint actual entries vs quick dips. If you allow, I would like to post it...if not I understand.

Thanks

Darren
  • #422
  • Jun 10, 2010 7:46am Jun 10, 2010 7:46am
Quoting pilotui
What a very effective system you have...I bagged some good pips today (Live) and wanted to thank you.

I have added a filter of my own that I think really helps pinpoint actual entries vs quick dips. If you allow, I would like to post it...if not I understand.

Thanks

Darren
I'm glad you're making pips.

Plenty of members have posted their take on additional indicators - why not you? I will most likely not make it an official part of the ALF method (since I have spent many months developing ALF as it is) but, if you think it might help someone...
Old Benjamin was right
  • #423
  • Jun 10, 2010 7:49am Jun 10, 2010 7:49am
Quoting Lou G
Don't forget, if the split candles don't float your boat, you can turn them off on the Inputs Tab.

I have both running, split on my live account and non-split on demo. I was originally undecided but I'm getting to like the split version.
Hi Lou,
The candle indicator I have is "Fractal candles SR 2. However it doesn't have the option of split candles in the Inputs Tab. Can you tell me the post number where I can find the indicator for these split candles.

Thank You.

bcarbon
  • #424
  • Jun 10, 2010 7:56am Jun 10, 2010 7:56am
Quoting bcarbon
Hi Lou,
The candle indicator I have is "Fractal candles SR 2. However it doesn't have the option of split candles in the Inputs Tab. Can you tell me the post number where I can find the indicator for these split candles.

Thank You.

bcarbon

Lou posted it recently as an update in post #1
  • #425
  • Jun 10, 2010 7:57am Jun 10, 2010 7:57am
It's the one with the .mql extension.
  • #426
  • Jun 10, 2010 7:57am Jun 10, 2010 7:57am
Quoting bcarbon
Hi Lou,
The candle indicator I have is "Fractal candles SR 2. However it doesn't have the option of split candles in the Inputs Tab. Can you tell me the post number where I can find the indicator for these split candles.

Thank You.

bcarbon
Post #1 please
Make money Not pips
  • #427
  • Jun 10, 2010 7:58am Jun 10, 2010 7:58am
... is +25 pips (if you stringently followed the entry/exit rules in Post #1).

Entry at the arrow (an open above ALF and in the direction of the prevailing trend).

Exit when PA and ALF re-connect.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 13 KB
Old Benjamin was right
  • #428
  • Edited 9:46am Jun 10, 2010 7:59am | Edited 9:46am
Yes Sir, I will...I just know what it's like when people hi-jack a thread with every indicator under the sun...

Ok, it's a simple Stochastic Histogram that I have tooled up.

It overlays to Stochastic histo's when the Green one (faster) breaks zero line on or around the same time ALF is penetrated...thats a valid signal (could be a quick trip, could be along one)

When the Black one (slower) breaks zero line after the Green one (depending on how long it takes) you now have confirmation to hold the trade longer.

When the Black and Green go through zero simultaneously those are the BIG trades.

When the Green goes and the black doesn't move...get out because it was just a dip.

It's email alerted (I literally cannot trade without my cell phone text message alerts) All credit for the indy goes to Oromek my polish buddy who does all my coding.
--------> NOTE!!: In this template the email notification is tabbed to FALSE...just change it to get email/txt message alerts

Take it or leave it...I just though I should try to give something back.

I personally use this system on 5M GU/GJ with another 15M chart open of GU/GJ to help see the bigger picture.

Also included is a basic template that employs the indicator as described above.

-Darren
Attached Image (click to enlarge)
Click to Enlarge Name: Darren_ALF.jpg Size: 129 KB
Attached File(s)
File Type: mq4 Ultimate Filter.mq4   3 KB | 1,050 downloads
File Type: ex4 Ultimate Filter.ex4   5 KB | 724 downloads
File Type: tpl darrens template_alf_uf_10 june.tpl   8 KB | 700 downloads
  • #429
  • Jun 10, 2010 8:16am Jun 10, 2010 8:16am
An earlier review of the day's trade(s) as I have some errands to run.

One (or more) good trade(s) depending on how you dealt with the uptrend.

+25 - 60 or so pips.

A good day.
Old Benjamin was right
  • #430
  • Jun 10, 2010 8:31am Jun 10, 2010 8:31am
Quoting evynsdad
It's the one with the .mql extension.
Thank You :^)

bcarbon
  • #431
  • Jun 10, 2010 8:39am Jun 10, 2010 8:39am
Quoting pilotui
Yes Sir, I will...I just know what it's like when people hi-jack a thread with every indicator under the sun...

Ok, it's a simple Stochastic Histogram that I have tooled up.

It overlays to Stochastic histo's when the Green one (faster) breaks zero line on or around the same time ALF is penetrated...thats a valid signal (could be a quick trip, could be along one)

When the Black one (slower) breaks zero line after the Green one (depending on how long it takes) you now have confirmation to hold the trade longer.

When the Black and Green go through...
Colud you possibly rename your indicator to something not using "ALF" I would like to keep the distinction between the ALF method and other approaches clear.

Thanks,

Lou G
Old Benjamin was right
  • #432
  • Jun 10, 2010 9:12am Jun 10, 2010 9:12am
Quoting pilotui
Yes Sir, I will...I just know what it's like when people hi-jack a thread with every indicator under the sun...

Ok, it's a simple Stochastic Histogram that I have tooled up.

It overlays to Stochastic histo's when the Green one (faster) breaks zero line on or around the same time ALF is penetrated...thats a valid signal (could be a quick trip, could be along one)

When the Black one (slower) breaks zero line after the Green one (depending on how long it takes) you now have confirmation to hold the trade longer.

When the Black and Green go...
Hi Darren

Although I am usually a purist and try to keep my charts as indicator free as possible (which is why I like this ALF method so much).......I do recall you have provided some valuable input on other threads so I have downloaded your filter to try it out.

Many thanks!!

PGPB
  • #433
  • Jun 10, 2010 9:44am Jun 10, 2010 9:44am
Quoting Lou G
Colud you possibly rename your indicator to something not using "ALF" I would like to keep the distinction between the ALF method and other approaches clear.

Thanks,

Lou G
I meant no disrespect. I used that name for my own distinction among my indicator files.

I will change my original posting/indy/template.

Sorry,

-Darren
  • #434
  • Jun 10, 2010 9:48am Jun 10, 2010 9:48am
Quoting pgpb
Hi Darren

Although I am usually a purist and try to keep my charts as indicator free as possible (which is why I like this ALF method so much).......I do recall you have provided some valuable input on other threads so I have downloaded your filter to try it out.

Many thanks!!

PGPB
Hey PGPB, thank you for the kind words my friend. I have to say that of all the strat's I've tested (and you know how many) this one is so simple and consistent...it's amazing.

Lou has done a great service to FF and Forex traders in general.
  • #435
  • Jun 10, 2010 11:03am Jun 10, 2010 11:03am
Sorry, for making multiple posts here.

I re-named the indy...please check the paperclip and get the newly named indy: Ultimate filter.mq4

If you want to add my indy to your current template just drag and drop 1, with the settings 20, 2, 2 then drop another (2) on top of it but change the settings to 40, 2,2 and change the only color visible (lawn green) to black.

Sorry about the confusion

I'm done Lou...I promise. Please click on my name an SEND ME AN EMAIL (I have outlook running 24/7) if you have any questions, I do not want to clog up this thread.

-Darren
  • #436
  • Jun 10, 2010 1:27pm Jun 10, 2010 1:27pm
Thank you, Darren.

I like it and makes this old brain see entries a bit clearer.
  • #437
  • Jun 10, 2010 2:08pm Jun 10, 2010 2:08pm
Quoting pilotui
Sorry, for making multiple posts here.

I re-named the indy...please check the paperclip and get the newly named indy: Ultimate filter.mq4

If you want to add my indy to your current template just drag and drop 1, with the settings 20, 2, 2...
Thanks for renaming the indi, Darren. I've already become "Mr. ALF" to many out here and wanted to avoid confusion.

I wish you good trading,

Lou G
Old Benjamin was right
  • #438
  • Jun 10, 2010 2:24pm Jun 10, 2010 2:24pm
Quoting pilotui
Yes Sir, I will...I just know what it's like when people hi-jack a thread with every indicator under the sun...

Ok, it's a simple Stochastic Histogram that I have tooled up.

It overlays to Stochastic histo's when the Green one (faster) breaks zero line on or around the same time ALF is penetrated...thats a valid signal (could be a quick trip, could be along one)

When the Black one (slower) breaks zero line after the Green one (depending on how long it takes) you................
Hi Pilotui,
Thanks for posting the indicator, I've been trading lou's approach (original TVI aswell) with CCI 34 confirmation which is very similar to your stoch indy - It's kept me out of many a sticky moment . e-mail alert is a bonus until Lou manages to find time to program the feature into fractal candles.

Thanks again

Doc.
Attached Image (click to enlarge)
Click to Enlarge Name: thursday.gif Size: 25 KB
  • #439
  • Jun 10, 2010 2:57pm Jun 10, 2010 2:57pm
Quoting Lou G
Attachment ...
but I want everyone to "get" this...
Please don't feel that you are overposting. I learn losts from your posts. Keep them coming, they are welcome!!
Your time and effort are very much appreciated.

Bcarbon
  • #440
  • Jun 10, 2010 3:18pm Jun 10, 2010 3:18pm
Quoting Dr.Scalpall
Hi Pilotui,
Thanks for posting the indicator, I've been trading lou's approach (original TVI aswell) with CCI 34 confirmation which is very similar to your stoch indy - It's kept me out of many a sticky moment . e-mail alert is a bonus until Lou manages to find time to program the feature into fractal candles.

Thanks again

Doc.
I never thought of CCI...glad it's working for you.
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