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ALF revisited - simple, effective daytrading

  • #441
  • Jun 10, 2010 5:02pm Jun 10, 2010 5:02pm
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.
Actually, it's less a case of finding time than it is finding the most useful place to put the alert.

Look for something concrete by Monday...
Old Benjamin was right
  • #442
  • Jun 10, 2010 11:05pm Jun 10, 2010 11:05pm
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, nice system you have!

I downloaded the indicators and tpl from post #1 put I don't know how to get the split candles? The only options in the input tab are candle width and up/down bar?

Thanks
  • #443
  • Jun 10, 2010 11:16pm Jun 10, 2010 11:16pm
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.
ohh.. .never thought of using CCI too... what setting u put for CCI? understand that the range is 67 for M5, how about M15? thanks
  • #444
  • Jun 11, 2010 6:24am Jun 11, 2010 6:24am
Quoting fuzzle
Hi Lou, nice system you have!

I downloaded the indicators and tpl from post #1 put I don't know how to get the split candles? The only options in the input tab are candle width and up/down bar?

Thanks
Look in MT4 navigator - do you have Fractal_Candles_SR_v3?

That's the one you need - both the ex4 and source code are in Post #1.
Old Benjamin was right
  • #445
  • Jun 11, 2010 6:35am Jun 11, 2010 6:35am
Started on M15 but didn't like the look - M5 seems better for trading at this time. Chart shows a good short trade:
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 8 KB
Old Benjamin was right
  • #446
  • Jun 11, 2010 7:20am Jun 11, 2010 7:20am
Hey Doc,
Would you post your TrendCCI? Thx.

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.
  • #447
  • Jun 11, 2010 7:26am Jun 11, 2010 7:26am
Shortly before NY open, I pull up EU H1 to get a feel for market action. Today ALF on H1 was basically flat so no trend of any consequence therefore (for me) market may be ranging.

Switch to M15 - didn't like the look. It is ranging but ALF still pretty flat.

This is how I ended up at M5 which looks very tradable.
Old Benjamin was right
  • #448
  • Jun 11, 2010 7:51am Jun 11, 2010 7:51am
Thanks for the many replies...I felt as though I cut some corners with my indy (the email alert message was wrong etc...)

So I decided to go ahead and do the work and make a formal & totally custom template with all my indy's that I use to trade.

Please note: The currency strength lines are set to GU...if you want EU just open up the indy and select EUR as opposed to USD. It is also email alerted...both realtime cross alert and a fully closed candle alert option.

The Trade Window indy simply paints start/stop trading times on your chart...they are set to my time zone (Oklahoma)

The others are tools that I use and have used for a while.

Buy vs Sell shows based on volume/bear/bull info how many buyers/sellers are in the market per candle

The Camarilla/fib/pivot indy works very well with GU...it obeys the lines...this one is very optional though.

I currently trade this system on both 5M and 15M Charts...I think you will find the addition of the strength lines gives us a good edge in the markets. (It took me @ 3 months of tinkering to get the settings right for my other (personal) system...and you will see that when the strength changes and the Candle goes through the ALF...plus the Ultimate Filter confirmation...it's pretty solid. See attached screenshot.

Note: by observing which currency is in control it should easily allow you to not take those trades that seem to screw everyone...because they are against the dominant currency...instead try going with the currency that is in control. For example, I will not take a Long trade when USD is above GBP.

Again, any questions please click my name and send me an EMAIL.

Thanks goes to Lou for his hard work and willingness to share...he's inspired me to let go of some of my prized jewels in my trading arsenal.
Attached Image (click to enlarge)
Click to Enlarge Name: Pilotui_my interpretation.jpg Size: 144 KB
Attached File(s)
File Type: zip Pilotui_My Setup for ALF.zip   67 KB | 919 downloads
  • #449
  • Jun 11, 2010 7:53am Jun 11, 2010 7:53am
Quoting Lou G
Look in MT4 navigator - do you have Fractal_Candles_SR_v3?

That's the one you need - both the ex4 and source code are in Post #1.
I did download the newer version and still didn't get the split candles; but as soon as I deleted the old version (fractral candles v2) the split candles showed up.
If I had to do it again I would close that chart, open a new one and start downloading the new template and indicators from the beginning. Otherwise, make sure you delete the older version.

Bcarbon
  • #450
  • Jun 11, 2010 7:55am Jun 11, 2010 7:55am
Quoting bcarbon
I did download the newer version and still didn't get the split candles; but as soon as I deleted the old version (fractral candles v2) the split candles showed up.
If I had to do it again I would close that chart, open a new one and start downloading the new template and indicators from the beginning. Otherwise, make sure you delete the older version.

Bcarbon
The key here is to shut down MT4 and restart - I have many versions of the indicators on my system and they all play nice in the sandbox

Nothing needs to be deleted, IMHO. MT4 WILL NOT pick up on new stuff unless it is shut down/restarted...
Old Benjamin was right
  • #451
  • Jun 11, 2010 8:05am Jun 11, 2010 8:05am
I just now detected a small bug in the split candles (not to worry - does not interfere with trading in any way).

I'll fix it over the weekend, along with adding the long-awaited alerts.
Old Benjamin was right
  • #452
  • Jun 11, 2010 8:09am Jun 11, 2010 8:09am
And yet one more:
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 9 KB
Old Benjamin was right
  • #453
  • Jun 11, 2010 8:21am Jun 11, 2010 8:21am
Quoting Lou G
I just now detected a small bug in the split candles (not to worry - does not interfere with trading in any way).

I'll fix it over the weekend, along with adding the long-awaited alerts.
I take it back - no bug there at all - Fractal_Candles_SR_v3 is doing just what it should.

I will have the version with alerts (including email) ready on Monday.
Old Benjamin was right
  • #454
  • Jun 11, 2010 8:29am Jun 11, 2010 8:29am
For those of you wishing to come up to speed with this method, I have attached a html file (in zip form) that only includes all of Lou's posts up to now.

Just unzip and open in your browser. It will look just like this thread but only include Lou's posts.
Attached File(s)
File Type: zip Lou G.zip   55 KB | 833 downloads
  • #455
  • Jun 11, 2010 8:46am Jun 11, 2010 8:46am
Quoting flyer415
For those of you wishing to come up to speed with this method, I have attached a html file (in zip form) that only includes all of Lou's posts up to now.

Just unzip and open in your browser. It will look just like this thread but only include Lou's posts.
Wow - thank you for doing that. I can only imagine how much time and effort you have expended.
Old Benjamin was right
  • #456
  • Jun 11, 2010 8:49am Jun 11, 2010 8:49am
EXCELLENT, found the info.

Fell asleep and did not see all posts.
  • #457
  • Jun 11, 2010 8:54am Jun 11, 2010 8:54am
A very good day for me - two successful short trades for +60 or so pips on M5.

Enjoy the weekend - see you on Monday,

Lou G
Old Benjamin was right
  • #458
  • Jun 11, 2010 8:56am Jun 11, 2010 8:56am
Quoting Lou G
A very good day for me - two successful short trades for +60 or so pips on M5.

Enjoy the weekend - see you on Monday,

Lou G
Nice work Lou...you have really created a masterpiece.
  • #459
  • Jun 11, 2010 9:12am Jun 11, 2010 9:12am
Quoting Lou G
Wow - thank you for doing that. I can only imagine how much time and effort you have expended.
Lou,

I won't take credit for any hard work. I have a programme that just does it for me automatically. In this case I have html of all the posters to this thread, how many they posted and what page they started posting on. I just find it easier sometimes to come up to speed by only reading the originator's posts at first. Then I will selectively pick a few others to read that appear to have come up with great ideas or mods.

Then when I am up to speed I can do the normal daily reading.

Just figured that someone else could also benefit. i did the same for your original ALF thread as well as i had to read that to make sure I understood the genesis of this thread.

Great thread. A few demo successes and 1 failure over past few days on M15.
  • #460
  • Jun 11, 2010 9:41am Jun 11, 2010 9:41am
Another quick hitter on 5 min...you can see the stair step effect.

I waited for a little retracement then put my money on the dominant currency.

+26
Attached Image (click to enlarge)
Click to Enlarge Name: ALF_+26.jpg Size: 139 KB
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