Regards
chrisyeap
ALF revisited - simple, effective daytrading
- #923
- Edited 9:32am Jun 19, 2010 8:28am | Edited 9:32am
Hi, Lou. Great system and great thread ... thank you for your skill, wisdom, patience, and your mission to help others. 
I've just come across a small problem with the IT Candles indicator, which I'm hoping you can easily fix.
Having set the indicater's color width settings, and saved these as a template, when the template is loaded onto another currency chart, the color width settings are not retained.
Can you look at the indicator and fix this? Hope so. Regards, Richard.
P.S. The width seems to be fixed at 5 ... does this make sense or help your investigation at all?
P.P.S. You'll see the same effect (returning to a width of 5) if you change the timeframe on the chart.
I've just come across a small problem with the IT Candles indicator, which I'm hoping you can easily fix.
Having set the indicater's color width settings, and saved these as a template, when the template is loaded onto another currency chart, the color width settings are not retained.
Can you look at the indicator and fix this? Hope so. Regards, Richard.
P.S. The width seems to be fixed at 5 ... does this make sense or help your investigation at all?
P.P.S. You'll see the same effect (returning to a width of 5) if you change the timeframe on the chart.
- #924
- Jun 19, 2010 8:58am Jun 19, 2010 8:58am
- | Joined May 2006 | Status: Only one user name... | 1,367 Posts
Old Benjamin was right
- #926
- Jun 19, 2010 10:25am Jun 19, 2010 10:25am
- | Joined May 2006 | Status: Only one user name... | 1,367 Posts
Old Benjamin was right
- #927
- Edited 11:54am Jun 19, 2010 11:41am | Edited 11:54am
...................If I have offended Lou or anyone for posting a chart with too many indicators then I offer my most humble apology. But I'll probably be keeping some of them...........
Regards
There's nothing wrong for adding more indicator as there's also nothing wrong with using alf alone as recommended by lou here.
Just add as many indicator as you need to make you more comfortable to take the next trade. Nothing is wrong with that. Good trader or not, is not being judge by how many or how less indicator you use in your system but with how well you can survive and making profits in long term in this Forex business with the system you decided to use. Just keep it to yourself.
As for this thread, since Lou wanted to keep the system in this thread to be as simple as he pointed out, then we have to respect his decision. At least as long as he is here with us. He's the owner of this thread. And he can take this thread to wherever he needs to make his point. For me, I think he did it very well.
If Lou (as the owner) decide to move on and stop babysit this thread, like he just did, then I believe it means people can do whatever they want to do in this thread in the future.
Hey Lou... I look forward for your next alf version !
I can see a "Tetris game" in your next alf system you just post.
That's fun!
Thank you for this indicator.
But I noticed the setting of lookback is set at 15, while the LouG-ALF is set at 20?
Anyway, "how do we interpret" the m15 ALF line if we put it in m5 charts?
I saw the MTF-ALF chart of LouG - looks neat, but I dont know how to interpret it and make good use of it? Hoping someone will help. Thanks
- #933
- Jun 20, 2010 2:07am Jun 20, 2010 2:07am
Hahaha, no sir!
It's the same good ol' ALF of Master LouG, only in MTF.
Kindly see the post of LouG himself - http://www.forexfactory.com/showpost...&postcount=907
If you used that ALF-MTF.ex4, its 1 set of bars with multiple ALF indicator lines.
The MTF lines normally show as stepped lines. I had to restrict their display on higher time frame charts.
Both look very interesting and do add a bit to the single ALF indicator alone.
Lou, thanks once again for all your work & effort in running your threads.
Hoping you go for opening another thread.
cheers scalpz
Target 2 : Stoploss in the green
Hi, I have been a fan since the first thread, but have been focused on trading not talking. All this back and forth about other indicators has drawn me out to offer my useless 2 cents.
From what I have learned about life there are two sides of this extra indicator debate, those who want more indicators and those who offer more indicators. People, especially newbes all know how well they trade (lets face it, if they had all the answers, they wouldn't be on this site). They all think that they know how well others trade (I am guessing that they feel that others trade better than they do) so anything that someone else uses possibly is better than what they are using, and if they switch, then they will start to trade as good as the others are. So there will always be the desire to add (or at least try out) another indicator, especially if had helped someone else. Hay we all tried out Lou's indicator, how do we know that the one that the next guy posts isn't just as good (can't say, "or better", because at this stage I don't think that that is possible, ALF/IT candles is the bomb!)
On the other side of the coin, is the offering of indicators. The nature of this site is the very reason that that occurs. This site is intended in the most altruistic fashion. It is a free site that is intended to get fellow traders together and discuss what is working and what isn't. There is no reason to join, other than to find help, and to offer help. Lets take our humble thread master Lou. He has given 110% to help people who he doesn't know, can not possible profit from them and has even taken flack from them, all in the effort of helping the fellow trader. Everyone on this thread who has offered some form of a comment has done so with the only intent of helping someone else. That is what makes this thread and this site great in my opinion. Sure, Lou could have packaged up this method, put some horrible cheasy name on it and marked it and make off quite nicely, but his intent is one of a much more nobler calling. People have found something that make sense to them and they just want to let others in on their thoughts. So they post their thoughts on their indicator selection. It is the side of human nature that I like.
So there will always be the addition of extra indicators, I don't see it as a slight to Lou, but rather an opportunity for others to contribute. We have all been taught that nothing in life is free, and the offering of ideas is one simple way that readers can earn their keep.
k, now back to trading
From what I have learned about life there are two sides of this extra indicator debate, those who want more indicators and those who offer more indicators. People, especially newbes all know how well they trade (lets face it, if they had all the answers, they wouldn't be on this site). They all think that they know how well others trade (I am guessing that they feel that others trade better than they do) so anything that someone else uses possibly is better than what they are using, and if they switch, then they will start to trade as good as the others are. So there will always be the desire to add (or at least try out) another indicator, especially if had helped someone else. Hay we all tried out Lou's indicator, how do we know that the one that the next guy posts isn't just as good (can't say, "or better", because at this stage I don't think that that is possible, ALF/IT candles is the bomb!)
On the other side of the coin, is the offering of indicators. The nature of this site is the very reason that that occurs. This site is intended in the most altruistic fashion. It is a free site that is intended to get fellow traders together and discuss what is working and what isn't. There is no reason to join, other than to find help, and to offer help. Lets take our humble thread master Lou. He has given 110% to help people who he doesn't know, can not possible profit from them and has even taken flack from them, all in the effort of helping the fellow trader. Everyone on this thread who has offered some form of a comment has done so with the only intent of helping someone else. That is what makes this thread and this site great in my opinion. Sure, Lou could have packaged up this method, put some horrible cheasy name on it and marked it and make off quite nicely, but his intent is one of a much more nobler calling. People have found something that make sense to them and they just want to let others in on their thoughts. So they post their thoughts on their indicator selection. It is the side of human nature that I like.
So there will always be the addition of extra indicators, I don't see it as a slight to Lou, but rather an opportunity for others to contribute. We have all been taught that nothing in life is free, and the offering of ideas is one simple way that readers can earn their keep.
k, now back to trading
Philippians 4:13 "I can do all things through Christ which strengthens me"