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ALF revisited - simple, effective daytrading

  • #581
  • Jun 14, 2010 10:14am Jun 14, 2010 10:14am
Quoting Lou G
Thanks Darren. Ordinarily, I'd say you're right but a couple are far from noobs.

Good trading, by the way

I had no issues loading the beta.
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  • #582
  • Jun 14, 2010 10:15am Jun 14, 2010 10:15am
Hello LouG, plz know that you are much valued for youre hard work and genourosity to share
  • #583
  • Jun 14, 2010 10:17am Jun 14, 2010 10:17am
Hi Lou G.
the new indy for fine for me, the graph is exactly like yours

thanks
gspe
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  • #584
  • Jun 14, 2010 10:17am Jun 14, 2010 10:17am
Took this Long on EU. Up 23 pips. I have a Trail on it with a TP of 40 pips. Will let it go and see what happens






http://www.freeimagehosting.net/uploads/d73f3caaa0.png
  • #585
  • Jun 14, 2010 10:22am Jun 14, 2010 10:22am
Lou, the ALF Alert arrows won't show on my chart. I have them on several pairs and the 15 minute time frame, and show arrows and send alert set to true.

I have other alerts that I can use, so no big problem. Just letting you know. Thanks for your work on this system. I have combined some other indicators I had along with some that Pilotui had and is working fine for me. I find the best way to trade it is not to jump in early, but to make sure the price action is there and not a temporary thing. I also stay with the trend most of the time, and just go for 10 pips or so. As most probably know, if you can consistently make a net of just 20-30 pips a day, you can do very well in forex.
  • #586
  • Jun 14, 2010 10:22am Jun 14, 2010 10:22am
Sorry about that last post. The image server I was using kept double posting the picture.
  • #587
  • Jun 14, 2010 10:24am Jun 14, 2010 10:24am
i decided to move the TP to the BRN 1.2300. It would be a 1.6R trade if it hits.
  • #588
  • Jun 14, 2010 10:26am Jun 14, 2010 10:26am
Quoting paradoxical
Lou, the ALF Alert arrows won't show on my chart. I have them on several pairs and the 15 minute time frame, and show arrows and send alert set to true.

I have other alerts that I can use, so no big problem. Just letting you know. Thanks for your work on this system. I have combined some other indicators I had along with some that Pilotui had and is working fine for me. I find the best way to trade it is not to jump in early, but to make sure the price action is there and not a temporary thing. I also stay with the trend most of the time, and...
No alerts either? Or just no arrows...

EDIT: you do have ALF.ex4 on your system I hope - the alerts need it to be there.
Old Benjamin was right
  • #589
  • Jun 14, 2010 10:27am Jun 14, 2010 10:27am
...on this long using the IT Candles. I chickened out at 1.2993 even though candle was still green.

I wish! - 1.2293

In hindsight, I'm a genius
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  • #590
  • Jun 14, 2010 10:27am Jun 14, 2010 10:27am
Quoting flyer415
i decided to move the TP to the BRN 1.2300. It would be a 1.6R trade if it hits.
Please use the picture posting built into MT4 instead - it works better with FF. You'll find it on the File menu (Save as picture).

Thanks
Old Benjamin was right
  • #591
  • Jun 14, 2010 10:30am Jun 14, 2010 10:30am
I downloaded the new template, IT candles and Instant Trendline, and used it on a new chart. It works for me. I'm running MT4 ver 4.00 (build 226) if that is of any help.
  • #592
  • Jun 14, 2010 10:34am Jun 14, 2010 10:34am
Quoting Lou G
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.

Hi LouG

Tried the set-up just as you requested. Still no red candles. Also same as Paradoxical, I don't get any arrows from ALF_Alert. hmmm

N.
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  • #593
  • Jun 14, 2010 10:45am Jun 14, 2010 10:45am
Closed the trade for 20 pips 1R. never did hit 1.2300
  • #594
  • Jun 14, 2010 10:47am Jun 14, 2010 10:47am
Quoting Lou G
No alerts either? Or just no arrows...

EDIT: you do have ALF.ex4 on your system I hope - the alerts need it to be there.

Yup, problem solved. Need ALF.exe in the indicators file. I was using the older AdaptiveLaguerreFilter.ex4 indi and not ALF.EX4

All bar colours and arrow OK

Thanks for all your help Lou.

N.
  • #595
  • Jun 14, 2010 10:49am Jun 14, 2010 10:49am
Quoting Nick'em
Yup, problem solved. Need ALF.exe in the indicators file. I was using the older AdaptiveLaguerreFilter.ex4 indi and not ALF.EX4

All bar colours and arrow OK

Thanks for all your help Lou.

N.
Okay everyone with beta or ALF_Alert problems - here's your answer.
Old Benjamin was right
  • #596
  • Jun 14, 2010 10:52am Jun 14, 2010 10:52am
Quoting iamnoel
Lou G,

Hi, I noticed after I took off the dotted lines, it keeps on coming back every time I changed timeframe. Is there a way to turn it off?

I get confused with those lines... hehehe ... what is its significance, pls?

Thanks for a great system and all your efforts!
Change ResColor and SupColor on the Inputs Tab to EMPTY and they will disappear.
Old Benjamin was right
  • #597
  • Jun 14, 2010 10:53am Jun 14, 2010 10:53am
Hi Lou,

No problems at all. The candles are great, alf alerts seems to work fine as well, don't use them (arrows) however.

Benjamin must be a proud donkey!
  • #598
  • Jun 14, 2010 10:59am Jun 14, 2010 10:59am
Here's where I sign off from trading for the day (although I will be around for questions until everyone has resolved their chart setup problems).

Decent trading on EU M15 and on other currencies as I see from the posts.

Resolution has been provided for those who were having problems with IT_Candles and ALF_Alert:

Solution: download ALF.ex4 from Post #1 and install - presto, everything works.

There will be NO discussion of chart problems tomorrow - trading only.
Old Benjamin was right
  • #599
  • Jun 14, 2010 11:04am Jun 14, 2010 11:04am
ALF Beta setup works like a charm.
Alerts work properly too.

Although I prefer Fractal candles as my favorite indi. Just from ALF perspective, I think IT Candles are more superior, as it highlights the ALF as the star of the chart.

Just to eloborate ALF works on any pair, any time frame, I am posting GBPJPY on a 30 minute chart.

I am attaching my simple chart template as reference.
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Attached File(s)
File Type: tpl alf it.tpl   2 KB | 498 downloads
WANT WHAT THE MARKET WANTS...
  • #600
  • Jun 14, 2010 11:06am Jun 14, 2010 11:06am
Quoting Nick'em
Yup, problem solved. Need ALF.exe in the indicators file. I was using the older AdaptiveLaguerreFilter.ex4 indi and not ALF.EX4

All bar colours and arrow OK

Thanks for all your help Lou.

N.
Missed the fine print, as usual. Thanks.
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Vincit qui se vincit.
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