1min scalping using mtf ALF by bbolss | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Killing Time, 5min/1min Scalping 26 replies

Multiple Time Frame Stochastic trading using 1min charts 2,686 replies

1min Scalping 64 replies

MTF Stochastic trading using 1min chart (Questions) 95 replies

Simple averaging/scalping system 1min-15 minut 11 replies

Attachments: 1min scalping using mtf ALF by bbolss
Exit Attachments

1min scalping using mtf ALF by bbolss

  • #41
  • Jun 15, 2010 1:25am Jun 15, 2010 1:25am
Quoting KPForex
can this be used on a M15 TF? thanks
I don't see why it couldn't, just change the AFL settings and adjust your targets. It may work.
  • #42
  • Jun 15, 2010 1:41am Jun 15, 2010 1:41am
I can get the ALF installed, but ALF-MTF does not show up on the chart, though it shows in the list of indicators. Any idea what the problem is?

Also, what should the look back period be for ALF-MTF, 20 or 15?


Thanks
  • #43
  • Jun 15, 2010 2:08am Jun 15, 2010 2:08am
Quoting bbolss
hi all
sory 4 my english at 1st point ;p

i just wanna share with you the system that i started to use last week
its pretty god in my opinion it still requaire some work with filtering bad signals
but the loss is always small ant the win could be big so whats more do we need?

but first I wanna say BIG THANX to Lou G for coding the ALF

[code]What is ALF?

[b]Adaptive Laguerre Filter - an indicator created by John Ehlers. It is a superior overbought/oversold tool. There is a free technical paper at Ehlers' website entitled "Time...
I'm not quite understanding the entry points for long or short? Let alone SL I got the 5-10 TP scalp of course.
Anyone who does care to post up a chart with better explanation plz?
  • #44
  • Jun 15, 2010 2:51am Jun 15, 2010 2:51am
Quoting BlackStack
I can get the ALF installed, but ALF-MTF does not show up on the chart, though it shows in the list of indicators. Any idea what the problem is?

Also, what should the look back period be for ALF-MTF, 20 or 15?


Thanks
fot normal alf 20
for mtf i found out that 15 works better but it can be your choice

did you set up time frame for mtf alf to 5?
  • #45
  • Jun 15, 2010 3:12am Jun 15, 2010 3:12am
my trades today so far
+7 +8 +7 +6
market is rankink so not risking closing half
Attached Image (click to enlarge)
Click to Enlarge Name: alf1.jpg Size: 124 KB
  • #46
  • Jun 15, 2010 3:38am Jun 15, 2010 3:38am
Very good Trading System
  • #47
  • Jun 15, 2010 3:41am Jun 15, 2010 3:41am
Quoting bbolss
my trades today so far
+7 +8 +7 +6
market is rankink so not risking closing half
There appears to be many valid entries on there that you chose not to take. It also appears that you got that absolute MAXIMUM that you could on each trade before they went against you.

Why didn't you take the losing trades and how did you know to take profit at this absolute maximum levels?
  • #48
  • Jun 15, 2010 3:52am Jun 15, 2010 3:52am
Quoting Trotty
There appears to be many valid entries on there that you chose not to take. It also appears that you got that absolute MAXIMUM that you could on each trade before they went against you.

Why didn't you take the losing trades and how did you know to take profit at this absolute maximum levels?
first was just "feel" to exit - first trade after breakfast i didnt wanna be greedy ;]
second and third - exit at the same prace as 1st trade becouse i found out that here can be support line
4th trade - exit where i saw that 2 candles was traying break this level and failed so exited at this level - looked like rezistance?

but i must say it was a LITLE luck
  • #49
  • Jun 15, 2010 4:01am Jun 15, 2010 4:01am
woooooooooooooooooooooow
that was a luck!!!!!!!!!!!

se here
exited with +4,5 because i was afraid of a news
and se what happend now!
Attached Image (click to enlarge)
Click to Enlarge Name: alf2.gif Size: 16 KB
  • #50
  • Jun 15, 2010 4:03am Jun 15, 2010 4:03am
Quoting bbolss
first was just "feel" to exit - first trade after breakfast i didnt wanna be greedy ;]
second and third - exit at the same prace as 1st trade becouse i found out that here can be support line
4th trade - exit where i saw that 2 candles was traying break this level and failed so exited at this level - looked like rezistance?

but i must say it was a LITLE luck
Thanks for the explanation. Think there was a bit of luck here as I would say that this morning should have been a very difficult morning for this approach.

Definitely think you need some additional filters.
  • #51
  • Jun 15, 2010 4:12am Jun 15, 2010 4:12am
Quoting Trotty

Definitely think you need some additional filters.
im open for ideas
just give a name if you known something that will work good enought ;]
i checked rsi cci trix some mtf trix its realy hard find something what will work with alf on 1min ;/
  • #52
  • Jun 15, 2010 4:21am Jun 15, 2010 4:21am
Quoting bbolss
im open for ideas
just give a name if you known something that will work good enought ;]
i checked rsi cci trix some mtf trix its realy hard find something what will work with alf on 1min ;/
Dunno mate.

I have been trading M1 on and off for a while now, it seems the only way I can make money at trading though, which is frustrating.

I am drawing tendlines and channels and waiting for breakouts with higher lows/higher highs forming and then just getting into the new trend. Using hidden divergence with RSI helps and stochs leaving ob/os.

Something more mechanical would be great but have never found it. I threw this on this morning on a seperate chart and watched it. Looked very difficult to trade it this morning other than the one big move. How long have you tested this for?
  • #53
  • Jun 15, 2010 4:25am Jun 15, 2010 4:25am
just a week
but have my eye on it loong loong time when the idea came
just i didnt have time befour to make system from it
  • #54
  • Jun 15, 2010 4:27am Jun 15, 2010 4:27am
Quoting bbolss
just a week
but have my eye on it loong loong time when the idea came
just i didnt have time befour to make system from it
What has been the average win % so far?

Difficult thing about this strat is that it's very difficult to back test.
  • #55
  • Jun 15, 2010 4:37am Jun 15, 2010 4:37am
Quoting Trotty
What has been the average win % so far?

Difficult thing about this strat is that it's very difficult to back test.
about 70-90%

even i couple times start using the worse money managmant than i can image - after 2 loses 3rd entry was using double stake and it worked
it is realy rare to have 3 or 4 loses in row from what i noticed..

2 trades
+7 and +11
Attached Image (click to enlarge)
Click to Enlarge Name: alf3.gif Size: 117 KB
  • #56
  • Jun 15, 2010 4:42am Jun 15, 2010 4:42am
Quoting bbolss
about 70-90%

even i couple times start using the worse money managmant than i can image - after 2 loses 3rd entry was using double stake and it worked
it is realy rare to have 3 or 4 loses in row from what i noticed..

2 trades
+7 and +11
Thanks
  • #57
  • Jun 15, 2010 4:53am Jun 15, 2010 4:53am
Hi, thanks for sharing, could you explain the exact entry point for the system and how long have you been using ?
Look at something long enough, you will eventually get it.
  • #58
  • Jun 15, 2010 4:56am Jun 15, 2010 4:56am
Hi bbolss,

Don't think you need more filtering. Choppy periods always exists and are very hard to avoid. Maybe you can add some support and resistance to avoid going short just above support etc. and to get a feel of a possible exit. I think that the combination of the 5min alf as filter (above/below), then take trade in that direction based on the 1min alf and colored candles are a good way to go. You can't be profitable all the time and adding much more indys to the game will probably make it more confusing. Support and resistance can keep you out the no go zone on many occasions.

pbb
  • #59
  • Jun 15, 2010 5:00am Jun 15, 2010 5:00am
i wrote yesturday
i use it in this version from yesturday
but i use something like that i mean with alf and mtf alf from about 2months
but i was still changing something
adding some stuff some movigng avagres filtres etc
and last week i decidet that it is all unnesesery and i can trade using only this

entry long when price cross above alf and is above 5min mtf alf and 5min mtf alf is not faling down ( it should be flat or rising up

short - oppozite

but remembour trading is nevet 100% mechanical - you have to think when you do

+7
Attached Image (click to enlarge)
Click to Enlarge Name: alf4.gif Size: 117 KB
  • #60
  • Jun 15, 2010 5:08am Jun 15, 2010 5:08am
Quoting bbolss
my trades today so far
+7 +8 +7 +6
market is rankink so not risking closing half
Bbolss, in your screen shot I see you took a trade while the 5 min was sloping down. Since it is a MTF indicator, it's getting it's data form the 5 min timeframe, that means it take 5 1min candle to close.

See my chart

Is the any reason for that early entry?
Attached Image (click to enlarge)
Click to Enlarge Name: lll.gif Size: 33 KB
0 traders viewing now