ALF revisited - simple, effective daytrading | Page 38 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1min scalping using mtf ALF by bbolss 685 replies

How difficult is it to find an effective daytrading method? 156 replies

ALF/TVI - Simple, effective daytrading 1,114 replies

BOWALF - Breakout with ALF Filter 142 replies

Alf Alert problem 2 replies

Attachments: ALF revisited - simple, effective daytrading
Exit Attachments

ALF revisited - simple, effective daytrading

  • #741
  • Jun 15, 2010 12:02pm Jun 15, 2010 12:02pm
Quoting tonybooth
i have been trading on ALPARI UK demo account for 3 months, tryed all sorts of setups but ALF system seems to be the best yet.

being stupid i dont understand when u traders talk about taking 5 pips 10pips sometimes whith only a 2 candle moverment how r u making money because when i place a trade it would have to move at least 5 candles before i am in profit. i have made profit with this system but no real money because by the time its got in profit the trend is changing either way

this is my first post so take it easy
Post a chart so we can see what you're looking at...
Old Benjamin was right
  • #742
  • Jun 15, 2010 12:03pm Jun 15, 2010 12:03pm
Quoting roto7gl
Found this thread yesterday. Read it from the beginning.
Started trading it today.
I love the simplicity
Good trading, roto.
Old Benjamin was right
  • #743
  • Edited 12:06pm Jun 15, 2010 12:06pm | Edited 12:06pm
Quoting jnevins
Wayne Jackson is the voice of reason, experience and success.... Thanks for the reminder......
I learned a lot from Jacko's journal - I followed his approach for a while and made some pips (quite a few, actually) but I never got comfortable with holding trades overnight...
Old Benjamin was right
  • #744
  • Jun 15, 2010 12:08pm Jun 15, 2010 12:08pm
Quoting Lou G
Entry guideline #1 says "don't trade when ALF is flat and PA is cycling back and forth through ALF in a narrow range".

Thank you for reminding me Lou
  • #745
  • Jun 15, 2010 12:17pm Jun 15, 2010 12:17pm
Quoting dirty
Hi Lou,
I trade live with a non MT4 broker, I use Mt4 for charting with your great system, have been following in the background for a couple of months and live trading the system for about one month! Its working for me, there are conflicts between your ALF system and the ALF I have been using with the Laguerre RSI filter on Marketscope 2.0 platform, however I prefer your latest addition the IT Candles!!! They work great!!
Keep up the good work, I will try and post some more trades as they come.
The Adaptive Laguerre Filter and the Laguerre RSI are two totally different animals. Both good indicators, though.

I'm glad it's working for you.
Old Benjamin was right
  • #746
  • Jun 15, 2010 12:32pm Jun 15, 2010 12:32pm
Quoting Lou G
I like IT_Candles a lot (but I may be prejudiced).

Anyone else?
Much easier on the eye in my opinion.
  • #747
  • Jun 15, 2010 12:35pm Jun 15, 2010 12:35pm
2 more trades

+10 & +15
15 min charts
Attached Image (click to enlarge)
Click to Enlarge Name: 6-15 ej.gif Size: 16 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 6-15 au.gif Size: 17 KB
  • #748
  • Jun 15, 2010 2:17pm Jun 15, 2010 2:17pm
Quoting MoneyMaker
Here are 2 trades that I got whipped on, mind you I'm not looking at the thread while trading. Took the longs because the overall trend as I see it was up, look at the 4hr chart.
Hey, turn on your PM or add an email addy to contact you by.

-Darren
  • #749
  • Jun 15, 2010 3:02pm Jun 15, 2010 3:02pm
Hi Lou,

Does the attached chart look about right? Am I missing anything?

Rgds
Eddie
Attached Image (click to enlarge)
Click to Enlarge Name: h.gif Size: 50 KB
  • #750
  • Jun 15, 2010 3:40pm Jun 15, 2010 3:40pm
I know it isn't the most desirable time to be trading, but just thought I would share this order.

Lou, I finally caught up again and set up the beta testing template. Nice. It worked fine by following all of your instructions.

Here is an order I'm currently in (demo account as it is the first order I'm taking with the new indi)

(note: this is the first time I'm attaching a chart so I hope it works correctly)
Attached Image (click to enlarge)
Click to Enlarge Name: GU sell order.png Size: 40 KB
Blessed is the man who finds wisdom...
  • #751
  • Jun 15, 2010 3:47pm Jun 15, 2010 3:47pm
Teknoesen
Looks the same as mine. You can make more room for your charts if you move your tool bars along the top, unless that's the way you want them.
Attached Image (click to enlarge)
Click to Enlarge Name: ws1.gif Size: 81 KB
Barry
  • #752
  • Jun 15, 2010 3:48pm Jun 15, 2010 3:48pm
Here is the exit point of that trade.

It has since turned back down, but hey, if I can get out with +11, that's not bad.
Attached Image (click to enlarge)
Click to Enlarge Name: GU sell order exit.png Size: 39 KB
Blessed is the man who finds wisdom...
  • #753
  • Jun 15, 2010 3:51pm Jun 15, 2010 3:51pm
Quoting teknoesen
Hi Lou,

Does the attached chart look about right? Am I missing anything?

Rgds
Eddie
Looks fine...
Old Benjamin was right
  • #754
  • Jun 15, 2010 3:51pm Jun 15, 2010 3:51pm
Quoting Bary
Teknoesen
Looks the same as mine. You can make more room for your charts if you move your tool bars along the top, unless that's the way you want them.
I've got a big screen and it doesn't look that big when I'm looking at it.

I didn't realize the spread when I got into that. It was a nice calm walk down the 'short' trail. I like those.
Blessed is the man who finds wisdom...
  • #755
  • Jun 15, 2010 4:23pm Jun 15, 2010 4:23pm
ALF_Alert will send a pop up, a sound, and an email when PA opens below/above ALF.

It does this by looking at the previous bar to see if that bar closed above/below. Since the prior close rarely differs from the subsequent open by more than a pip this will work almost all the time.

What about when ALF is flat? Will it still send an alert?

Unfortunately, it will. Trying to find a reliable way to prevent ALF_Alert from sending signals when ALF is flat is what took me so long to code the indicator.

I was unable to solve this in a satisfactory way. I could explain in detail the things I tried, but every attempt resulted in a potentially missed signal, so in the end my reasoning was "better too many alerts than too few". The human brain is truly remarkable - we can look at a flat ALF and recognize it in a fraction of a second but many, many lines of code will still occasionally make mistakes...

The arrows that appear along with the alert are optional - you may turn them on/off on the Inputs Tab.
Old Benjamin was right
  • #756
  • Jun 15, 2010 4:44pm Jun 15, 2010 4:44pm
... post charts by way of the MT4 "save as picture" facility (on the file menu). It's easier and better than the way some are doing it and I'm sure the folks at FF would prefer you do it that way too...
Old Benjamin was right
  • #757
  • Jun 15, 2010 5:12pm Jun 15, 2010 5:12pm
Quoting Lou G
... post charts by way of the MT4 "save as picture" facility (on the file menu). It's easier and better than the way some are doing it and I'm sure the folks at FF would prefer you do it that way too...
Sorry about that Lou. I knew there was a better way, but didn't have the time to go back and look.
Blessed is the man who finds wisdom...
  • #758
  • Jun 15, 2010 5:55pm Jun 15, 2010 5:55pm
Quoting MrSmith
I know it isn't the most desirable time to be trading, but just thought I would share this order.

Lou, I finally caught up again and set up the beta testing template. Nice. It worked fine by following all of your instructions.

Here is an order I'm currently in (demo account as it is the first order I'm taking with the new indi)

(note: this is the first time I'm attaching a chart so I hope it works correctly)

Nice charts.

Can you kindly share the Trailing Stop indicator? Does it work on EU pair as well?

Thanks!
  • #759
  • Jun 15, 2010 6:05pm Jun 15, 2010 6:05pm
Quoting Lou G
I like IT_Candles a lot (but I may be prejudiced).

Anyone else?

Hi Lou,

I've been using the ALF method since about page 3 of your original thread. After trying it in demo for a week, I went live and am currently up a bit over $35,000 on ALF trades alone. I have updated the indicators as you changed them and resisted adding anything else (much) to my ALF charts. I downloaded the IT Candles and put them on a chart, but for the life of me I don't see much improvement. I have them on a Euro 15 min chart, and right beside it I have another 15 min Euro with the Fractal Candles. I switch back and forth quickly, but just don't see any additional information being provided by the IT Candles.

Of course, there is nothing wrong with them, they show the ALF crosses and turn colors, but so do the Fractals. They just don't provide any additional information to my eyes. So what am I missing? Just what do the new IT candles tell us that the Fractals leave out? Inquiring minds want to know!


Thanks,

Dick

Oh, and thanks for the system as well. I've shown it to several struggling traders and they seem to be able to make it work where other more complex methods baffle them.

"There is no mystery about my style. My movements are simple, direct and non-classical. The extraordinary part of it lies in its simplicity" - Bruce Lee
  • #760
  • Jun 15, 2010 6:16pm Jun 15, 2010 6:16pm
Quoting Lou G
I like IT_Candles a lot (but I may be prejudiced).

Anyone else?

Ditto.

The Post#1 version seems to be better right now. Coz I am "missing" the improvements of the IT Candle. Hope I can be enlighten as well.


Great work, LouG.

I am sure, one of these days, I will be able to trade and win with this ALF as well.
1 trader viewing now