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

  • #261
  • Jun 18, 2010 9:15am Jun 18, 2010 9:15am
Quoting bbolss
i will post it next week
for now it is changing with every hour
now im thinking if the normal osma give us something ore just the huge one and it looks a litle crayzy
I usually skip Friday US session.

Not my cup of tea, and if it looks like this, I sign off.

Have a good weekend and don't wreck your brain.

You will find what you are looking for.

  • #262
  • Jun 18, 2010 9:29am Jun 18, 2010 9:29am
I agree that overfilterring is not the answer. It just leads to overoptimization so it' not likely to be profitable in future.
  • #263
  • Jun 18, 2010 9:38am Jun 18, 2010 9:38am
Quoting Trotty
Cool, cheers mate.

Thanks for help this week guys, have a nice w/e and see u on monday
  • #264
  • Jun 18, 2010 11:25am Jun 18, 2010 11:25am
yep have nice weekend ! see ya !
  • #265
  • Jun 18, 2010 4:46pm Jun 18, 2010 4:46pm
This is an excellent system. I demo traded for one day then traded it live for 3 days (just one lot). Three live days and I made 108 pips, just trading EUR/USD from 7:00am-12:00pm EST (3:00-8:00GMT). The only thing I change was the candlesticks. I prefer heiken ashi bars instead of regular candles.
  • #266
  • Jun 18, 2010 5:05pm Jun 18, 2010 5:05pm
Quoting Max99
This is an excellent system. I demo traded for one day then traded it live for 3 days (just one lot). Three live days and I made 108 pips, just trading EUR/USD from 7:00am-12:00pm EST (3:00-8:00GMT). The only thing I change was the candlesticks. I prefer heiken ashi bars instead of regular candles.
Great job!

Can you please post some screen shots of your trades?
  • #267
  • Jun 19, 2010 2:33am Jun 19, 2010 2:33am
Quoting bbolss
i will post it next week
for now it is changing with every hour
now im thinking if the normal osma give us something ore just the huge one and it looks a litle crayzy
Hey carrefull, I can see you add one more indicator in the system ! More indicator less a system is readable and efficiente !
The advantage of you idea as descrived in the first post, is that is simple and clear enough to avoid confusion at the time to take the trade !
  • #268
  • Jun 19, 2010 3:40am Jun 19, 2010 3:40am
yep i known it
thatswhy i didnt post my template for now
i will delete some now it is just for overview ;d
i think i will clear this up over the weekend
  • #269
  • Jun 19, 2010 5:31am Jun 19, 2010 5:31am
Quoting bbolss
and im still thinking about some money managment for it so i have a realy realy important question

did anyone saw 3 or 4 losing signals in a row?
its realy important so think about it look at your charts check your trades
especialy the losing ones and post answer...
First, Have been doing a bit of trading 5m-15m using Lou Gs ALF with mixed results, but was out of market last week so not sure how the revised ALF is compared to first. Your idea looks interesting, and on M1 there will be more trading opportunities.

However, with your question above, and an earlier post where you mentioned you doubled up on 3rd trade, it sounds like you are looking at some sort of martingale system for lot size dependent on consecutive losses - you really don't want to do that, trust me. Black swans exist.

I'm very much a probabilty type of guy, and I think your idea has potential - if it can win even 60% of the time, with the right MM and R:R it is a winning strategy in my book. But I don't believe the forex market is the place to be doubling up on bets as part of a MM plan.

X.
Return on Equity: 2017, 32.4%; 2018; 8.0%, 2019 (30Apr), 4.5%
  • #270
  • Jun 19, 2010 7:32am Jun 19, 2010 7:32am
Quoting Max99
This is an excellent system. I demo traded for one day then traded it live for 3 days (just one lot). Three live days and I made 108 pips, just trading EUR/USD from 7:00am-12:00pm EST (3:00-8:00GMT). The only thing I change was the candlesticks. I prefer heiken ashi bars instead of regular candles.
But ALF indicator based on regular candles so how handle this problem?

Would you like to post some of your trades?
  • #271
  • Jun 19, 2010 7:40am Jun 19, 2010 7:40am
i prefer still this it candles from Lou
link in post 107
  • #272
  • Jun 19, 2010 4:01pm Jun 19, 2010 4:01pm
IT Candles are all black, will they change once the market opens ?
Look at something long enough, you will eventually get it.
  • #273
  • Jun 20, 2010 4:05am Jun 20, 2010 4:05am
Quoting traco1
IT Candles are all black, will they change once the market opens ?
nope they arent
you did sth wrong
did you add both inid to right folder?
it candles need to have the second indi in experts/indi folder too
  • #274
  • Jun 20, 2010 4:43am Jun 20, 2010 4:43am
Quoting traco1
IT Candles are all black, will they change once the market opens ?
Happened to me to. Left everything as it was, restarted MT and it was all good
Prediction is very difficult, especially about the future. - Niels Bohr
  • #275
  • Jun 20, 2010 7:35am Jun 20, 2010 7:35am
Quoting bbolss
nope they arent
you did sth wrong
did you add both inid to right folder?
it candles need to have the second indi in experts/indi folder too

K Thanks
Look at something long enough, you will eventually get it.
  • #276
  • Jun 20, 2010 7:50am Jun 20, 2010 7:50am
Quoting wilcox
Happened to me to. Left everything as it was, restarted MT and it was all good

what 2 indi's need to be loaded ?
I have IT candles and Trendline.
Look at something long enough, you will eventually get it.
  • #277
  • Jun 20, 2010 7:53am Jun 20, 2010 7:53am
no
it need to be just in the folder
the candles show same think but more clear
  • #278
  • Jun 20, 2010 8:21am Jun 20, 2010 8:21am
Quoting bbolss
no
it need to be just in the folder
the candles show same think but more clear
something must be up with the platform, o well i will see what happens when the market opens.
Look at something long enough, you will eventually get it.
  • #279
  • Jun 20, 2010 5:27pm Jun 20, 2010 5:27pm
just a thought BUT PLEASE READ THIS CAERFOUL AND TWICE befour you answer...

so we have a system that give us EVERY day at least COUPLE of signals to take lets say +10
so what if we try do it this way (i known that every book say do not to but i still think that in this case that will work!)

we will use tp=10+spread, sl=10(with spread)
first entry 1 lot if tp hit ok next entry again 1 lot
if first entry hit sl second entry 2lots
if tp hits next entry 1lot
if sl hit next entry 4 lots
if tp hit next entry 1 lot
if sl hit next entry 8 lots tp hit next entry 1 lot

and from the begining
i look over the weekend at some random dates seraching for a day when we will have 4 5 or more loses in a row iw we will take every signal!
and i didnt find! one with 5loses max if i remembour right but it was night when i do not trade

it requaie some casch on account but i think that this realy can work
im waiting for yours answers/opinions tomorow and have good night all!
  • #280
  • Jun 20, 2010 9:25pm Jun 20, 2010 9:25pm
Quoting bbolss
just a thought BUT PLEASE READ THIS CAERFOUL AND TWICE befour you answer...

so we have a system that give us EVERY day at least COUPLE of signals to take lets say +10
so what if we try do it this way (i known that every book say do not to but i still think that in this case that will work!)

we will use tp=10+spread, sl=10(with spread)
first entry 1 lot if tp hit ok next entry again 1 lot
if first entry hit sl second entry 2lots
if tp hits next entry 1lot
if sl hit next entry 4 lots
if tp hit next entry 1 lot
if sl hit next entry 8 lots tp hit...
Really this need to be backtested a lot....
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