ALF revisited - simple, effective daytrading

A very good set up i guess and it actually did fetched me 140 pips profit
Bravo for sharing what i call a very good system

Hi Lou G I saw some your chart that have show arrow to make the trade.
Why I didn't see any Arrow after I set up all the thing.

hello guys

i cant download the tpl from first post
it s only a php link when i try
can someone post it again
thks a lot

Hi KP,
If I take Trades on m5/m15 I just use the candles as per the rules on page 1. (I posted a screen dump of m5 for pilotui to compare with his indi as it is very similar).

I use the CCI on m1 which is where most of my trades are placed. CCI setting of 34 and trading the alf crosses or re-entries in the direction she's showing. ignore the 67 level as this is not used, it just happens to be a default of the indi and havn't turned it off. first couple of trades of a any CCI trend usually give me the best results and then only taking little bites of the cherry if the swing has been in place for a while.

Hope this clarifies

regards

doc

Hi Alex

You are describing a common occurence. I have no idea why that happens, but I have had the same trouble before also.

There is NOT a problem with the template, it is just a weird thing that happens.

The solution is as follows.

Save the file, to your desktop, and change where it says save as .php to save as "all files"...when you are saving it....rename it to the name you want, saving it to your desktop....and then drop it into your template files.

I hope my explanation makes sense.

PGPB

Eagle, Just for you.

trend and entry cci's, sma, auto mtf, levels, alerts, what more would you need? ( oh - perhaps an e-mail alert!! go on someone suprise me)

regards

doc.

(p.s. thanks to whoever made it and posted it here on FF)

makes sense and it works fine
thanks !

Subscribed!

Lou... You are fantastic...
Tried it on demo right on Last london breakout with EU... Squeeze about 30 pips from north and south... That's incredible...

Btw... now I wonder Is there any programmer interested to make an EA to close the position when price reconnects with alf...?

Good job Lou...

Hey Doc

On a previous post you mentioned that you use CCI 34

Is that the first one (trendCCI period)

It is not a mechanical system and the arrows what you see are not entry signals. These are included by Lou G to explain his entry points based on the system rules.

Hi PgPb,
For alfing I have both set at 34. You could set one to whichever period you want to show whats happening longer term.

Regards

doc.

Anybody suffering C.A.W.S (Compulsary Alf Withdrawal syndrome) at the weekend? .Well here's something that the doctors ordered!!.A nice easy trade simulator that can be used through the MT4 strategy tester.place the correct files in their associated folders and hey presto! trade all week end.You can choose your day, your timeframe, currency,speed it up, slow it down, trade 10 x full lots, infact whatever you want, have fun.
THe only problem with it is that when you place atrade at the weekend the closing spread from your broker is likely to be big, but through normal trading hours it will reflect whatever your broker offers.

regards

doc.

sorry , will be unnable to answer any queries untill monday, need to get away from the screen for a bit.

Can anyone explain again in newbie language?
how to entry, exit base on this system...

i've read the first post to entry, but i still don't understand

thanks b4

Hi guys,

what settings are used on the core ALF indicator?
When I use the deafult ones as downloaded from Page One of this thread indicator plots completely diffrently from the charts you post.

I get indicator plotted on price mostly.I hardly get any crossovers..so there must be something wrong with the settings.

I understood that TVI is no longer used as it has been "built in" into the bars...

Thanks!

Read the whole thread, starting with just Lou's posts. Flyer415 has made it simple for us here http://www.forexfactory.com/showpost...&postcount=455

did anyone thought about using osma 0 level as a filter?
looks even better then cci in my opinion
check it out

It's an Internet Explorer problem (works fine with Firefox).

Click the paperclip icon (at the top right corner of each page), click "hide images", find the indicator you want and download from there.

While I have no problem with the use of supplementary indicators other than Fractal_Candles_SR_v3, I would prefer that their use does not take over the thread.

In Post #1 I mentioned that one of the goals of the ALF method is to eliminate the use of indicators based on moving averages. This is not to say that I am against moving averages - only that the requirement to provide the number of periods used for the moving average is restrictive. We've all been there and back with this - try an ema5; no, that's too jumpy; try an ema20; no, that's too late, etc. In addition, moving between time frames almost always requires a lot of tinkering to get the periods right - and even then they are only right for the small chunk of the chart you're optimizing. Even the TVI used in the original thread was a compromise that I was not happy with and that indicator has been replaced in this thread by one that requires no tinkering at all.

If anyone feels moved to start their own thread using ALF in combination with whatever indicator pleases you, I have no objection (just give it a different name). ALF has been generously provided to the public domain by its author in his books and on his website - my only contribution is the translation from EasyLanguage to MQL4 and the source code is posted in the original ALF thread.

I appreciate all contributions to the thread and accept them all as an attempt to help, but I definitely will not allow the thread to become a collection of everyone's favorite indicators.

I sincerely hope that this post is taken in the spirit it is meant.

Lou G

[quote=Lou G;3797084]While I have no problem with the use of supplementary indicators other than Fractal_Candles_SR_v3, I would prefer that their use does not take over the thread.


Lou G

Hi Lou,

I think you have done a great job with ALF and your approach and have been a follower from the start. I really like the way you tutor and guide the community and I fully understand that this thread should be far from adding whatever indicators, if only it was just out of respect to you. I myself use a little indy and that's just for my optical confirmation. Probably it will be possible without it, but I like it and so I use it. That's the little beast inside the traders mind and I am doing fine with it. The ALF candles are great, but myself I would not disregard the tvi, that's a need indicator. Maybe you've been able to replace that totally by the candles for your own trading, I still use it and am very happy you introduced it in the prior thread. I use the signal lines with adjusted settings (they have been used in the thread for just a short time) and they give what I need besides the candles and ALF. Maybe it's to much, but as an optical focussed trader I like the lines very much.

Hope that you will continue with this great work and for all followers, please keep this thread as it is. Maybe a little sideway is not to bad, but if your approach differs to much please consider to start your own thread.

(a ps to Darren, I really liked the stochastic based ultimate filter!)

Thanks pbb

I continue to search for a better indicator to work well with ALF.

In the last few days I reviewed most of John Ehlers published indicators and, after a lot of experimentation, ended up with an indicator called Instant Trendline and coded IT_Candles (posted below) to interface with it.

This is as beta as it gets since I did most of the work when the market was closed and so have no idea how it will work on live data.

If any of you would like to be beta testers, download both indicators, put them in yourmt4/experts/indicators and replace Fractal_Candles_SR_v3 with IT_Candles on your chart.

Tentative entry/exit rules:

Long on green, short on red, exit on all color changes.

Post feedback, please.

Thanks,

Lou G