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ALF revisited - simple, effective daytrading

  • #561
  • Jun 14, 2010 9:17am Jun 14, 2010 9:17am
Quoting Dr.Scalpall
.

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.

.
Here is a link to a FREE little download that you can use to change the spread in MT4 when using the mt4 tester on the weekend.
click on the "Spread Controller" and then if you click on the "contact us" in the yellow bar and simply ask for info on the spread controller they will send you the link to download it. It is free no strings attached, (they have never sent me anything other than the link)

Took me all of 2 minutes to set up with the supplied pdf. instructions...

I do not know if it will work with your simulator but it does let you set the spread to your choosing and will run in the mt4 tester with that spread until you remove the script. So it could very well work with your simulator..

http://www.mt4i.com/DeveloperTools.aspx
  • #562
  • Jun 14, 2010 9:19am Jun 14, 2010 9:19am
Quoting Lou G
See post #558 - keep me posted on your results w/beta setup, please.

Will do.

Jusdt a quick observation. In your post 557 should at least one of the black candles below point B (retrace trade) have turned read?

N.
  • #563
  • Jun 14, 2010 9:21am Jun 14, 2010 9:21am
Quoting Nick'em
Will do.

Jusdt a quick observation. In your post 557 should at least one of the black candles below point B (retrace trade) have turned read?

N.
Hello Nick'em, I think no cuz it's against the (short term)trend
  • #564
  • Jun 14, 2010 9:21am Jun 14, 2010 9:21am
Quoting Nick'em
Will do.

Jusdt a quick observation. In your post 557 should at least one of the black candles below point B (retrace trade) have turned read?

N.
No, beta is a little more picky about counter-trend trades (which is good),
Old Benjamin was right
  • #565
  • Edited 10:50am Jun 14, 2010 9:22am | Edited 10:50am
Quoting Lou G
See post #558
all inds. as posted, tpl as posted, untouched settings. No red candles produced for entire year. Gbp/Jpy H1. What am I missing? Help! Pippo EDIT: Have tried adding inds. to chart without using template. To no avail. P
Vincit qui se vincit.
  • #566
  • Jun 14, 2010 9:26am Jun 14, 2010 9:26am
Quoting Pippopotamus
all inds. as posted, tpl as posted, untouched settings. No red candles produced for entire year. Gbp/Jpy H1. What am I missing? Help! Pippo
Try just adding the indicators directly to the chart without using the template - let me know what happens, please (soonest).
Old Benjamin was right
  • #567
  • Jun 14, 2010 9:29am Jun 14, 2010 9:29am
Quoting Lou G
Try just adding the indicators directly to the chart without using the template - let me know what happens, please (soonest).
Here's my GJ, H1.

Do you have ALF_Alert on your system? Its absence may be causing the problem...
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 9 KB
Old Benjamin was right
  • #568
  • Jun 14, 2010 9:29am Jun 14, 2010 9:29am
Quoting Lou G
Try just adding the indicators directly to the chart without using the template - let me know what happens, please (soonest).

Tried adding IT_Candles indi to naked chart before downloading the tpl. No red candles produced. Same as Pippo

N.
  • #569
  • Jun 14, 2010 9:35am Jun 14, 2010 9:35am
I just re-downloaded the indicators from post #558 - added to chart - all is fine.

I'll keep digging...
Old Benjamin was right
  • #570
  • Jun 14, 2010 9:35am Jun 14, 2010 9:35am
Missing trades folks.

+30 closed out (my goal per session, both LN and NY)

Cheers Lou...great system you have

Great re-entry long on the 15M chart...
Attached Image (click to enlarge)
Click to Enlarge Name: Long Re-Entry.jpg Size: 150 KB
  • #571
  • Jun 14, 2010 9:40am Jun 14, 2010 9:40am
Quoting pilotui
Missing trades folks.

+30 closed out (my goal per session, both LN and NY)

Cheers Lou...great system you have

Great re-entry long on the 15M chart...
Yes. I agree (about the tinkering). I have a large problem here and don't know how to solve it.

Sorry for distracting you from trading...
Old Benjamin was right
  • #572
  • Jun 14, 2010 9:41am Jun 14, 2010 9:41am
If the beta setup is working for you, please let me know.

Thanks
Old Benjamin was right
  • #573
  • Jun 14, 2010 9:46am Jun 14, 2010 9:46am
Quoting Lou G
If the beta setup is working for you, please let me know.

Thanks
Hello LouG, beta works ok for me now same like your screens you put up for eu and gy
  • #574
  • Jun 14, 2010 9:46am Jun 14, 2010 9:46am
Quoting Lou G
If the beta setup is working for you, please let me know.

Thanks
I threw it on for fun last night...worked fine, but back to my setup.

I think you have a lot of MT4/Forex newbies that are running into the usual problems when learning a new software program.

Cheers
  • #575
  • Jun 14, 2010 9:48am Jun 14, 2010 9:48am
Quoting pilotui
I threw it on for fun last night...worked fine, but back to my setup.

I think you have a lot of MT4/Forex newbies that are running into the usual problems when learning a new software program.

Cheers
Thanks Darren. Ordinarily, I'd say you're right but a couple are far from noobs.

Good trading, by the way
Old Benjamin was right
  • #576
  • Jun 14, 2010 9:55am Jun 14, 2010 9:55am
Quoting Lou G
If the beta setup is working for you, please let me know.

Thanks

Lou,

It worked right out of the gate for me. No issues at all
  • #577
  • Jun 14, 2010 9:59am Jun 14, 2010 9:59am
Squeeze out 30 pips today with -7 pips for false entry after London. Promising System indeed. If this continues, "Lou G" would be the name of my next bike...

  • #578
  • Jun 14, 2010 10:00am Jun 14, 2010 10:00am
It's working fine for some, not fine for others and I have no idea why at this time.

If it's not working for you, try this:

Open a new, naked chart for EU M15.

From MT4 Navigator add the following indicators:

IT_Candles

Instant_Trendline

Should look like the thumbnail below.

Let me know, one way or the other, please.
Attached Image (click to enlarge)
Click to Enlarge Name: alf.gif Size: 9 KB
Old Benjamin was right
  • #579
  • Jun 14, 2010 10:03am Jun 14, 2010 10:03am
Quoting Lou G
Thanks Darren. Ordinarily, I'd say you're right but a couple are far from noobs.

Good trading, by the way
Thanks Sir...it's funny because I had really settled into my own system that I have been developing for months...and it worked well but there were @ 4 trades a week and some of the setups were awkward. This system is WONDERFUL.

Congrats on all your hard work paying off.
  • #580
  • Jun 14, 2010 10:11am Jun 14, 2010 10:11am
Quoting pilotui
Thanks Sir...it's funny because I had really settled into my own system that I have been developing for months...and it worked well but there were @ 4 trades a week and some of the setups were awkward. This system is WONDERFUL.

Congrats on all your hard work paying off.
Thanks again, Darren. After the morning I've had with the beta problem, your post is more than welcome.
Old Benjamin was right
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