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

  • #61
  • Jun 15, 2010 5:09am Jun 15, 2010 5:09am
Quoting bbolss
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...
As has been said above, maybe the only other filter is to add lines of interest. S and R areas drawn off H1/H4 and maybe pivot points? Breaks and retests could also be added to the strat as safe trades?

Maybe you don't need anything if 70-90% win loss ratio continues.

This last trade, I was watching it develop as I suspected that the long move hadn't finished yet but the pa never ducked back inside the M1 ALF. How come you still took it?
  • #62
  • Edited 5:25am Jun 15, 2010 5:10am | Edited 5:25am
Quoting pbb
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...
exackly this is what im talking about

about s/r it is hart to se them on m1
we have to add them on some higher tf (from bigger picture) but the alf works realy good
i checked couple times and it the price go to some rezistance level
then then cross alf down
and cross the alf up again
it ALMOUST always mean
that the price will make at least double top
or break the rezistance
so i usualy count how many pips is to last top
to in case of double top take at least +5
and usually it work
  • #63
  • Jun 15, 2010 5:16am Jun 15, 2010 5:16am
Quoting annonymous
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?
yep
it was
as i sayedit still need some test
it wasnt flat but almoust
i sometimes risk "a litle"
check post 12
same situation
  • #64
  • Jun 15, 2010 5:18am Jun 15, 2010 5:18am
Quoting Trotty
This last trade, I was watching it develop as I suspected that the long move hadn't finished yet but the pa never ducked back inside the M1 ALF. How come you still took it?
yep this is the thing with stoch that i hint in 1st post
no dock under the alf but cross stoch with at least touch the 50% level

this thing still needs some tests but usualy works for me
  • #65
  • Jun 15, 2010 5:20am Jun 15, 2010 5:20am
Quoting bbolss
exackly this is what im talking about

about s/r it is hart to se them on m1
we have to add them on some higher tf (from bigger picture) but the alf works realy good
i checked couple times and it the price go to some rezistance level
then then cross alf down
and cross the alf up again
it ALMOUST always mean
that the price will make at least double top
or break the rezistance
so i usualy count how maby pips is to last top
to in case of double top take at least +5
and usually it work
Some fair points there.

Maybe price action is the filter that newbies will struggle with though. Pin bars on M1 still show significance. Not as much as longer TF's but if you get a big pin on M1, I am on guard. Trading with the waves of the price action is also vital. If you have had a higher high but the strat is saying go short, i'd again be very wary about getting in the trade. The safe trades are when price action is making waves of lower lows or higher highs in your trade direction.

I've only been trading 10 months and am still no price action king but I remember back to when I first started out of most of this was foreign. Newbies will struggle to filter trades with price action and would probably have lost a few of those trades that you took profit on this morning.
  • #66
  • Jun 15, 2010 5:29am Jun 15, 2010 5:29am
Quoting Trotty
Some fair points there.

Maybe price action is the filter that newbies will struggle with though....
here is a good example
first cros alf to last top 3 pips - to low!
second cross to last top 6pips so i would take it but i was on a forum
Attached Image (click to enlarge)
Click to Enlarge Name: alf5.gif Size: 118 KB
  • #67
  • Jun 15, 2010 5:31am Jun 15, 2010 5:31am
I don't get it yet,
I will try to show screens now and you might be able to guide me from there
Attached Image (click to enlarge)
Click to Enlarge Name: myscreen1.JPG Size: 228 KB
  • #68
  • Jun 15, 2010 5:36am Jun 15, 2010 5:36am
Quoting Stern-Capita
I don't get it yet,
I will try to show screens now and you might be able to guide me from there
this could be your possible entrys
break alf 1min
and alf 5min up or flat

or price still above alf 1min
and stoch cross with at least touch 50%lvl

but remembour
not mechanical
chouse the right one
Attached Image (click to enlarge)
Click to Enlarge Name: myscreen1.JPG Size: 339 KB
  • #69
  • Jun 15, 2010 5:48am Jun 15, 2010 5:48am
Quoting bbolss
here is a good example
first cros alf to last top 3 pips - to low!
second cross to last top 6pips so i would take it but i was on a forum
Yep. Obviously there is a fair amount of discretion needed here.

I have looked at it and I think without discretion you might be one trade up today after making many, many trades from 7.30 gmt.

If you use good discretion, you would be anything up to 7 or 8 trades up.

Yesterday, you'd have been up by a staggering 12 winners if you'd traded 7.30-5.30 gmt. Far more if you'd used discretion.

Obviously there are good days and bad days but it seems to win out in the end, but you need good forex skills.

The visual order edit tool you use is important I think, deserves a mention!
  • #70
  • Jun 15, 2010 5:51am Jun 15, 2010 5:51am
Quoting bbolss
this could be your possible entrys
break alf 1min
and alf 5min up or flat

or price still above alf 1min
and stoch cross with at least touch 50%lvl

but remembour
not mechanical
chouse the right one

Ok Thanks,
what do you mean by "Break alf 1min" ?
  • #71
  • Jun 15, 2010 5:55am Jun 15, 2010 5:55am
Quoting Trotty

The visual order edit tool you use is important I think, deserves a mention!
mhm this is en ea that allows us to move sl/tp by just doubleclik just like horizontal line

it also allow to close part of trade at some point
and to move sl to be at some point

but use at your own risk
for me it is workink 100% but i uploaded it in some other thread and have some pepoul who sayed that it isnt working or doing mess..(thats why i didnt mention earlier)
im not an author i found it somwhere
paste it just to /experts folder ant try 20x on demo first!
Attached File(s)
File Type: mq4 visual order editor.mq4   14 KB | 822 downloads
  • #72
  • Jun 15, 2010 5:56am Jun 15, 2010 5:56am
Quoting Stern-Capita
Ok Thanks,
what do you mean by "Break alf 1min" ?
price go above and close when last was bellow
  • #73
  • Jun 15, 2010 6:01am Jun 15, 2010 6:01am
Quoting bbolss
mhm this is en ea that allows us to move sl/tp by just doubleclik just like horizontal line

it also allow to close part of trade at some point
and to move sl to be at some point

but use at your own risk
for me it is workink 100% but i uploaded it in some other thread and have some pepoul who sayed that it isnt working or doing mess..(thats why i didnt mention earlier)
im not an author i found it somwhere
paste it just to /experts folder ant try 20x on demo first!
Thanks mate. Sorry I meant to say that I have just started using it too although i've just found out that it didn't take my stop out on my last order so had to close manually.

Have you found this problem too then?
  • #74
  • Jun 15, 2010 6:03am Jun 15, 2010 6:03am
Quoting Trotty
Thanks mate. Sorry I meant to say that I have just started using it too although i've just found out that it didn't take my stop out on my last order so had to close manually.

Have you found this problem too then?
i use scripts to open trade with sl and tp from the start so no
i use this ea only to move sl/tp by doubleclick
and move sl to be sometimes

here are the scripts if somone like
open in notepad and chance value of lots and sl / tp then paste to /experts/scripts
and make hotkey in navigator/scripts
Attached File(s)
File Type: mq4 MyBuy.mq4   < 1 KB | 766 downloads
File Type: mq4 MySell.mq4   < 1 KB | 722 downloads
File Type: mq4 Close all open positions.mq4   1 KB | 671 downloads
  • #75
  • Jun 15, 2010 6:03am Jun 15, 2010 6:03am
Quoting bbolss
i use scripts to open trade with sl and tp from the start so no
i use this ea only to move sl/tp by doubleckick
and move sl to be sometimes
Ok, cheers
  • #76
  • Jun 15, 2010 6:05am Jun 15, 2010 6:05am
WOW! I THINK I SAW IT!

Just took this trade, closed at +9 pips after 2 minutes lol ,
was it a good entry?!



And how do I know if I should stay or quite the trade? I didn't want to be greedy...
Attached Image (click to enlarge)
Click to Enlarge Name: myscreen2.JPG Size: 148 KB
  • #77
  • Jun 15, 2010 6:06am Jun 15, 2010 6:06am
addet scripts to last post
  • #78
  • Jun 15, 2010 6:09am Jun 15, 2010 6:09am
Quoting Stern-Capita
WOW! I THINK I SAW IT!

Just took this trade, closed at +9 pips after 2 minutes lol ,
was it a good entry?!



And how do I know if I should stay or quite the trade? I didn't want to be greedy...
i i personaly would wait till next candle close abouve alf 1min on 1min chart
it breaked previous high so +8 was to take;]
  • #79
  • Jun 15, 2010 6:12am Jun 15, 2010 6:12am
Thanks for sharing bbolss,

One question please. Does the 1min ALF need to be above/below the 5min MTF ALF when going long/short?

Thanks,
  • #80
  • Jun 15, 2010 6:13am Jun 15, 2010 6:13am
Quoting Ghadeer
Thanks for sharing bbolss,

One question please. Does the 1min ALF need to be above/below the 5min MTF ALF when going long/short?

Thanks,
YES!
and the 5min alf shouldn rise when we sell or shouldnt fall down when we buy
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