1min scalping using mtf ALF by bbolss

2 bad are at post 1 marked red
one more litle -5 somwhere later
i didnt make a screenshot sory but i will think about posting bad sometimes to

When I click on the indicators in the first post they download as attachment.php. How do I get them as files Metatrader will recognized?

Your system look good Bbolss, it seems a good approach, simple and straightforward. I will take a look at it.


Thanks for sharing.

Hi bbolss,

Thanks for posting,
I'm getting back into re-trading by myself, going to give it a shot! :-)


Can you/anyone else that has been able to trade successfully using this system,
explain a little better for a newbie like myself, when should I enter/exit ?!
What should I look for when looking on 5M and what on the 1M?


I have the template and all the indicators in place like on your screen-shots.


Thanks in advance,
Orr.

Use Firefox or rename the file with the right name

Could you give ALF.mq4 and ALF-MTF.mq4 instead of ALF.ex4 ALF-MTF.ex4, ..., might be there are more information.

Always download them from the paperclip in top right corner---the php thing happens a lot

What are the settings on your ALF-MTF? The Indie that I just downloaded is very similar to the ALF itself.

Mr.Bosh you can't use the ALF-MTF on a simulator. When you use the simulator you define a time frame for the chart to run (1min in this system), since the ALF is collecting his information from another time frame, in this case 5min, the simulator will go crazy because it doesn't have the required data.
You can do it "old style", scroll your chart back and use f12 scroll candle by candle.

No need to reply. I answered my own question. My apologies.

here it is...

Very good scalping system !!!!. Here's my system to minimize whipsaw and to grab more profit. Please review

another picture

Why dont you post it for us please so those of us interested
can check it out?

Brian

This system is just a couple of week old Stern-Capita, its profitability can't be judge by such a tiny statistical sample. It's a fact that it does look good on charts, but maybe you're trying to fix something that isn't broken. Have you tested your "improvements" for how long? They can improve the system profitability how much? Without statistical data a couple of indicators on a chart worth just that.
I'm not saying you should not improve the system, that would be great for those who pretend to use it, but first you should trade it, watch how it behaves on different market conditions. The market is a crazy place, in order to have a real edge we should understand and explore all the possibilities, than pick the most resistant to the market challenges.
I like Bbolss's system and I will paper trade it for a while, than after I fully understand its behaviour and how it reacts on all possible conditions I can start working on possible filters, if it needs one.

Now, how do you use your filters? What settings are you using for HA candles and for SAR? How do they change the initial entries or exits, do they give earlier entries, if they do, how many of them are actually right? Do they provide a more profitable exit strategy, if yes what's the difference bettween your technique and the original?


Again, thanks to Bbolss for sharing this idea, I already knew mesa's ALF and I trade E/U and G/U using a different approach. This indicator is quite good when used with price action. This simplistic cross system really looks nice, maybe you have something here!


I did some demo trades this evening, 2 losses (-6 pips), 4 wins (28 pips). I know it's not the best time to trade, but I coulnd't wait to make some trades using this system.

no problem
take a look

yes that loooks goood;]
but i rather enter exackly at ent of this candle marked with green arrow
its new cross of alf with previous candle closed under (its not nesesery touch is good also we must try sometimes like that sometimes other and make a stats )
like i sayed its still under development
lets make best scalping strategy ever together

ps if you like my system please rate it !

it will make more pepoul to look at it

Hi BBolss,

I just saw Alf in the thread title so I gave it a look. Every trader has his own way of doing things, also the ones that use Lou G's Alf. So far I think your set-up tpl looks very nice and the mtf version is not such a bad thing!

Good luck with your trading and thread, thanks for sharing

pbb

can this be used on a M15 TF? thanks

you can try set up m15 and the mtf alf to 30 or h1
as you like
but there will be just a few signals over the week and you will miss some also good entrys with you would take without wathing the h1 or m30 alf

on m1 there are so much posibilitys ... so we can live with not taking some because there will be next