1min scalping using mtf ALF by bbolss | Page 19 | Forex Factory

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

  • #361
  • Jun 23, 2010 3:35pm Jun 23, 2010 3:35pm
hi, am new to this thread, i am looking for an effective scalping method to get my scalping skills improved, what can you tell me about this system? Is it stable or new? profitable?

thanks
adrian

Quoting eurisko
Here's my strategy for using this system.


Timeframe: M1


Sessions: London and U.S., currently looking at Asain session


The original strategy on post #1 still applies, trade only in the direction of ALF M5, don't trade if the line is parallel, wait for a candle close above/below ALF M1 line.


Use OSMA (60,130,45) to determine stronger long term trend, trade only in the direction of this OSMA. Above 0.00 for longs, below 0.00 for shorts.


Use stochastics and OSMA (12,26,9) to determine entries. Enter long when stochastics moves above...
  • #362
  • Jun 23, 2010 4:23pm Jun 23, 2010 4:23pm
I have found some comfort in adding a 5 min MTF Stochastic to the chart to filter false entries... -Observe the 200 EMA... Watch for breakouts or short when price is under, long, over

Stoch Settings are 8,4,4

All Rules from Post #1 apply.. Price is below 1 min ALF, which is below 5 min ALF AND 5 min Stoch has peaked, crossed and is heading down, below the 75 level...

+50 pips this morning after the NY open in 1 hr from 8:42 until 9:52 or so...
Attached Image (click to enlarge)
Click to Enlarge Name: 1min ALF With MTF Stoch Example.jpg Size: 150 KB
Attached File(s)
File Type: mq4 #MTF_Stochastic.mq4   4 KB | 742 downloads
  • #363
  • Jun 23, 2010 4:38pm Jun 23, 2010 4:38pm
Quoting jnevins
I have found some comfort in adding a 5 min MTF Stochastic to the chart to filter false entries... -Observe the 200 EMA... Watch for breakouts or short when price is under, long, over

Stoch Settings are 8,4,4

All Rules from Post #1 apply.. Price is below 1 min ALF, which is below 5 min ALF AND 5 min Stoch has peaked, crossed and is heading down, below the 75 level...

+50 pips this morning after the NY open in 1 hr from 8:42 until 9:52 or so...
200 ema (green) give us same results as 5min macd check out!
macd gife also food entrys usual
and stoch mtf hmm did you trade couple days with it? i had my time with mtf stochs but usualy you canot belive them - stoch cross as pa move not vice versa ;p
Attached Image (click to enlarge)
Click to Enlarge Name: alf6.jpg Size: 120 KB
  • #364
  • Jun 23, 2010 5:11pm Jun 23, 2010 5:11pm
Quoting bbolss
200 ema (green) give us same results as 5min macd check out!
macd gife also food entrys usual
and stoch mtf hmm did you trade couple days with it? i had my time with mtf stochs but usualy you canot belive them - stoch cross as pa move not vice versa ;p
Thanks for the heads up on the 5 min MTF MACD! It does indeed seem to be the same as the 200 EMA. This particular MTF Stoch has been good to me. It behaves itself pretty well... you need to occasionally refresh it by clicking on its properties and saying "OK".

I'd like to find the MTF MACD version you are using... The one I have only has a 1 color histogram.
  • #365
  • Jun 23, 2010 6:53pm Jun 23, 2010 6:53pm
I think instead of using the MTF M5 Stoch, I would rather TP at the pivot point.
  • #366
  • Jun 23, 2010 11:43pm Jun 23, 2010 11:43pm
Hi Bbolss. Thank you for sharing your system. Results very impressive!
I read through whole thread.
Just want to ask you - could you open a skype room in order to discuss trades online in real time?
I think, we don't need to ask questions there or discuss rules so much (in order to do not divert each others too much) - just information about entry, exit... etc.. we could write when entered when exit.... If big questions - go to the forum. What do you think?
  • #367
  • Jun 24, 2010 12:30am Jun 24, 2010 12:30am
i thought about that but hmm skype chat room etd are good for 5min systems 15 h1 etc
for m1 i dont known if it is relevant - befour you even ask on skype room if this entry will be good ot do we consider it it will be too late dont you think?;p

@jnevins here you go check it out
Attached File(s)
File Type: mq4 MACD_4CZ_modified mtf.mq4   5 KB | 658 downloads
  • #368
  • Jun 24, 2010 12:46am Jun 24, 2010 12:46am
I mean not before enter but just after... for example - you (or somebody) have entered and after that type in skype: I entered. (or exit). Very brief information. Everybody can see on their charts the present situation. I don't mean a "signal service" ... just in order to better understand current situation on the market and position of indicators...
I think, with such communication everyone can understand the system better and the possibility of "feeling" of the market will be much better (because I see, you have such feeling).
And it will be BIG help from you as a creator of this system, and I'm sure, everyone will appreciate it very much.
  • #369
  • Jun 24, 2010 4:39am Jun 24, 2010 4:39am
hm i will think about it next week
today im on exam
br
  • #370
  • Jun 24, 2010 5:09am Jun 24, 2010 5:09am
please,attach the latest - TEMPLATE -
  • #371
  • Jun 24, 2010 8:21am Jun 24, 2010 8:21am
today results
7 trades
5 - positive
2 - negative
total +26 p
Several trades I missed. Its would be positive... about +7-10 p
Good. Thank you Bbolss.
  • #372
  • Jun 24, 2010 8:24am Jun 24, 2010 8:24am
Quoting serguey777
please,attach the latest - TEMPLATE -
go here

http://www.forexfactory.com/showpost.php?p=3816994
  • #373
  • Jun 24, 2010 8:59am Jun 24, 2010 8:59am
Once we have some solid rules, it would be nice if someone can create an EA to alert of possible trades.
  • #374
  • Jun 24, 2010 11:12am Jun 24, 2010 11:12am
lol i just back home from my exam and grabbed quick 50pips during eating ;D

this is so beautifoul in this ssytem - you do not have to worry about anything you dont care about some big trends on dayly h4 h1 etc
you just take what you see;d

any one took this to?
Attached Image (click to enlarge)
Click to Enlarge Name: alf3.gif Size: 22 KB
  • #375
  • Jun 24, 2010 12:04pm Jun 24, 2010 12:04pm
Quoting bbolss
lol i just back home from my exam and grabbed quick 50pips during eating ;D

this is so beautifoul in this ssytem - you do not have to worry about anything you dont care about some big trends on dayly h4 h1 etc
you just take what you see;d

any one took this to?

i was on this train but took only 10 pips ;-(
  • #376
  • Jun 24, 2010 12:14pm Jun 24, 2010 12:14pm
thats why i like sometimes take half at +10 and make free run
somtimes i hit be
but sometimes there is nice move like this! especialy that we had 2 litle higher lows so i do it this way

bdw
hmm i think that i will delete stoch for now i think it is redundant - check out - if it is a potential reentry with at least 50% touch stoch cross it is usually fast osma signal to reentry to
will see tommorow!;d
  • #377
  • Jun 24, 2010 1:43pm Jun 24, 2010 1:43pm
Quoting bbolss
lol i just back home from my exam and grabbed quick 50pips during eating ;D

this is so beautifoul in this ssytem - you do not have to worry about anything you dont care about some big trends on dayly h4 h1 etc
you just take what you see;d

any one took this to?
Interesting picture, but where were your entry and exit points? The green dotted line for entry?

Thanks.
  • #378
  • Jun 24, 2010 1:51pm Jun 24, 2010 1:51pm
yep green line was entry
exit half at 10 sl to be and moving sl when it was rising
and i took rest at 50
  • #379
  • Jun 24, 2010 2:20pm Jun 24, 2010 2:20pm
+10 here entered at break 3times tested low i closed all at +10 no free trades - its late market is slowing
hmm i think i go sleep;p

see ya tommorow!
Attached Image (click to enlarge)
Click to Enlarge Name: alf4.gif Size: 21 KB
  • #380
  • Jun 24, 2010 4:16pm Jun 24, 2010 4:16pm
Hi bbolss,
can you tell me the rules for the last template that you use, please?
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