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ALF revisited - simple, effective daytrading

  • #501
  • Jun 13, 2010 1:21pm Jun 13, 2010 1:21pm
Quoting losingtrades
just subscribing...seems like a very good simple system.

to be clear, the MQ4 file goes into which folder?


thanks
jacob
mt4/experts/indicators
  • #502
  • Jun 13, 2010 2:24pm Jun 13, 2010 2:24pm
I found these indicators in my arsenal. The only thing I know about them is that they came from a FF thread somewhere. I plugged them in my charts and now I get arrows in the direction of the crossing. I also get a little sound alarm when that happens.

Attached File(s)
File Type: ex4 EMA Crossover Signal,.ex4   4 KB | 436 downloads


Attached File(s)
File Type: mq4 EMA Crossover Signal.mq4   4 KB | 443 downloads


Attached File(s)
File Type: ex4 EMA-alert.ex4   6 KB | 430 downloads
  • #503
  • Jun 13, 2010 4:21pm Jun 13, 2010 4:21pm
[quote=bcarbon;3797871]I found these indicators in my arsenal. The only thing I know about them is that they came from a FF thread somewhere. I plugged them in my charts and now I get arrows in the direction of the crossing. I also get a little sound alarm when that happens.

B,

Those are great indies. I've used them before in other systems.
The thing is there are NO moving averages used in the ALF system.

They are very useful but I don't see how they could fit in here.

Jim
  • #504
  • Jun 13, 2010 7:57pm Jun 13, 2010 7:57pm
Quoting cabbagepicker
Lou, GREAT system! I am a long time lurker first time poster to your thread.
I am sure you have already thought of this, but, when I change the ALF line color to say, green, and 1 point thickness, when I reload the chart it always reverts back to the blue, 2 line thickness. I am waiting until Tuesday to load up the newest indicators after your live trading on Monday so that issue may have already been addressed.
Thanks and keep up the great work.
Change the color on the inputs tab (instead of the color tab) - it'll work fine.
Old Benjamin was right
  • #505
  • Jun 13, 2010 8:01pm Jun 13, 2010 8:01pm
Quoting bcarbon
I found these indicators in my arsenal. The only thing I know about them is that they came from a FF thread somewhere. I plugged them in my charts and now I get arrows in the direction of the crossing. I also get a little sound alarm when that happens.
Check out the ALF_Alert (see Post#1). It has optional arrows, makes noises and sends emails...
Old Benjamin was right
  • #506
  • Jun 13, 2010 8:13pm Jun 13, 2010 8:13pm
Quoting Lou G
Change the color on the inputs tab (instead of the color tab) - it'll work fine.
Thanks LOU, I knew you would have the answer
Pips are like cabbage, the green ones are the tastiest!
  • #507
  • Jun 13, 2010 8:31pm Jun 13, 2010 8:31pm
[quote=jimsforex;3797975]
Quoting bcarbon
I found these indicators in my arsenal. The only thing I know about them is that they came from a FF thread somewhere. I plugged them in my charts and now I get arrows in the direction of the crossing. I also get a little sound alarm when that happens.

B,

Those are great indies. I've used them before in other systems.
The thing is there are NO moving averages used in the ALF system.

They are very useful but I don't see how they could fit in here.

Jim
For whatever reason, they are working for me.

Attached Image (click to enlarge)
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  • #508
  • Jun 13, 2010 8:40pm Jun 13, 2010 8:40pm
Quoting cabbagepicker
Thanks LOU, I knew you would have the answer

right..............and then when you setup another chart you will have to do it again.
  • #509
  • Jun 13, 2010 8:51pm Jun 13, 2010 8:51pm
what pairs and tf's are the best for this system so far?

I am using both 15 and 1 hour for AU and EJ


-jacob
  • #510
  • Jun 13, 2010 8:56pm Jun 13, 2010 8:56pm
[quote=bcarbon;3798387]
Quoting jimsforex

For whatever reason, they are working for me.

Attachment
Do you have ALF_Alert on your chart? Those appear to be the arrows put there by that indicator...

EDIT: Nope they aren't from ALF_Alert. Congratulations - you've just added a crossover signal for two ema's that are not on the chart
Old Benjamin was right
  • #511
  • Jun 13, 2010 8:57pm Jun 13, 2010 8:57pm
Quoting Freddyfx
right..............and then when you setup another chart you will have to do it again.
Or save the setup as a template once you have it the way you want it...
Old Benjamin was right
  • #512
  • Jun 13, 2010 8:59pm Jun 13, 2010 8:59pm
Quoting losingtrades
what pairs and tf's are the best for this system so far?

I am using both 15 and 1 hour for AU and EJ


-jacob
I honestly don't know what's best - members are using ALF on many pairs (including the Loonie).
Old Benjamin was right
  • #513
  • Jun 13, 2010 9:05pm Jun 13, 2010 9:05pm
I've been monitoring the behavior of IT_Candles and ALF_Alert since the market opened - all looks OK.
Old Benjamin was right
  • #514
  • Jun 13, 2010 9:12pm Jun 13, 2010 9:12pm
Quoting Lou G
I honestly don't know what's best - members are using ALF on many pairs (including the Loonie).


thanks Lou...keep up the good work
  • #515
  • Jun 13, 2010 9:53pm Jun 13, 2010 9:53pm
Alf alert on my chart and not giving arrows or alerts. Hmmm. I think its time for a new computer
  • #516
  • Jun 13, 2010 10:12pm Jun 13, 2010 10:12pm
Quoting paradoxical
Alf alert on my chart and not giving arrows or alerts. Hmmm. I think its time for a new computer
Currency pair? Time frame?

Give me something to work with...

If you have arrows enabled, you should have historical arrows showing.
Attached Image (click to enlarge)
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Old Benjamin was right
  • #517
  • Jun 13, 2010 10:29pm Jun 13, 2010 10:29pm
Thanks, LouG! Very very nice work here. Totally newbie, so I appreciate the simplicity very much. To all other contributors, well deserved kudos too.

I have a question though, I made the setup as how it was described in post#1, somehow I am not getting the same color and arrow as your post, LouG? Is there a need for any special settings?
Attached Image (click to enlarge)
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  • #518
  • Jun 13, 2010 10:34pm Jun 13, 2010 10:34pm
Quoting paradoxical
Here is what I think is a good example of trading with the current trend, which I can easily on the time frames from 5 minutes to daily, which are ALL red. When the price action went back down over the the ALF line just awhile ago, I took a short. Naturally, i wouldn't be looking for a long trade on the UCAD now. Only shorts because that's its current trend for every single time period.
I am currently up 20 pips on this after only 5 minutes while typing. This is/was a a picture perfect setup as a good example of what to look for and with a good...

The signal bars indicator you posted (post #403) seems very interesting. Do I just attach it to the charts? No need to change any settings?

There seems to be many colors aside from GREEN/RED. What does other color mean?
  • #519
  • Jun 13, 2010 10:38pm Jun 13, 2010 10:38pm
Quoting Lou G
As of a minute ago I replaced ALF_Candles_v2 with a new version:

1. Small bug in coloring current candle fixed.

2. Split (2 color) candles removed. This "feature" was causing more confusion than it was worth. I thought it was a good idea when I did it but I ended up not liking it either.

Updated version posted below and in Post #1.

Post #332, I dont see the ALF_candles_v2 in post #1, does it mean we dont use this anymore?

I think the Fractal_Candles_v3 supercedes this one, as there's an option to "split candle" or not? Am I correct?

Nice job, Lou G!
  • #520
  • Edited 11:18pm Jun 13, 2010 10:41pm | Edited 11:18pm
Hi Lou,

Many thanks for this great thread!

Regarding the alert arrows...I consider them distracting. I suppose if traders use them as ALERTS and not trade ENTRIES, they can be considered useful. However, on the right side of the most recent posted chart, Laguere is flat and bisecting the price range, yet we have 3 arrows, which if followed, would have ended in whipsawed trades. There is definitely a lack of price action pulling away from Laguere. Maybe there could be a setting whereby we can adjust the threshold after price opens on either side of the line? Maybe something like 5 or 10 pips before an arrow is activated?

Just my 2 cents worth...
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