1min scalping using mtf ALF by bbolss | Page 23 | Forex Factory

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1min scalping using mtf ALF by bbolss

  • #441
  • Jul 4, 2010 4:03pm Jul 4, 2010 4:03pm
Quoting eurisko
There is no such thing as a stupid question, this is a forum where people can help each other out. Please think twice before posting something like that, it doesn't help and will most likely prevent a beginner from posting a question now.
If you used your brain cells, you would understand that all freddy was pointing to is what we all get frustrated with.
What is PA ? What is a candlestick ? How do I use MT4.

And since your clever enough to know that this is a forum, I am sure your also aware. That this forum has a place for beginners, A place for programming ect.ect. LEARN HOW TO USE A FORUM
  • #442
  • Jul 4, 2010 8:04pm Jul 4, 2010 8:04pm
"then there must be many questions posed by stupid people"

The exact kind of mentality that I was asking Freddyfx to not talk about.

Ukcool, my brain cells are working just fine. You however may want to repeat High school, talking in all caps isn't the best way to express yourself in any language.

P.S. I wasn't trying to insult Freddyfx, I was however trying to provide a better and much more positive environment for people who have any type of question.
  • #443
  • Jul 4, 2010 8:25pm Jul 4, 2010 8:25pm
Trying this system on EURCAD. Seems to work good so far. It has been going down for a while now though. Could you tell me if I'm understanding this system properly? proper entry, proper exit?

Thanks

Brady
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  • #444
  • Jul 5, 2010 2:40am Jul 5, 2010 2:40am
for stepping into the shoes of the thread starter and setting yourself up as the moral guardian of the thread. In doing so you may manage to start the process by which this thread breaks down. If you'd left well alone, Freddy's comment may have simply been acknowledged privately by those in agreement and ignored by those who disagreed.

To jump down the throat of posters with vouches may not be the best way of convincing the forum users that your views have merit.
The dream will never die
  • #445
  • Jul 5, 2010 2:53am Jul 5, 2010 2:53am
This thread was a nice, civilised and focussed place to be. I think we should try and keep it that way
  • #446
  • Jul 5, 2010 3:08am Jul 5, 2010 3:08am
Quoting Trotty
This thread was a nice, civilised and focussed place to be. I think we should try and keep it that way

He started it!
The dream will never die
  • #447
  • Jul 5, 2010 4:49am Jul 5, 2010 4:49am
Quoting ninichingyi
Hi to all,
i'm member of elite section on trading system forex and i asked funyoo to code it
here u are
today will finish optimization since 1st april, will post set file
thx to bbloss for great strategy but seems difficult to get same results w ea
Great Effort!

However I think since a lot in this system is up to the trader, I'm not sure an EA would work. I wish I was wrong of course.

I mean how do you tell a computer values like "not strong rise"? Also, what is the exit strategy for the EA?
Prediction is very difficult, especially about the future. - Niels Bohr
  • #448
  • Jul 5, 2010 5:02am Jul 5, 2010 5:02am
Hello,
started to try this system today. After few looses (due to my misunderstandings) , got first small win.
Entered on close where red vertical line.
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  • #449
  • Jul 5, 2010 5:28am Jul 5, 2010 5:28am
Quoting wilcox
Great Effort!

However I think since a lot in this system is up to the trader, I'm not sure an EA would work. I wish I was wrong of course.

I mean how do you tell a computer values like "not strong rise"? Also, what is the exit strategy for the EA?
right!
1st backtest using osma and macd didn't give good result, now backtesting only w osma filter. if someone could help to backtest and how to filter i can ask to modify it
  • #450
  • Jul 5, 2010 6:29am Jul 5, 2010 6:29am
Quoting ninichingyi
Hi to all,
i'm member of elite section on trading system forex and i asked funyoo to code it
here u are
today will finish optimization since 1st april, will post set file
thx to bbloss for great strategy but seems difficult to get same results w ea

Nice work done. I want give a try from today. Let's see how much pips i can grab with this EA. regards
  • #451
  • Jul 5, 2010 7:55am Jul 5, 2010 7:55am
I realized that this system is usable in trendy periods, but on flat periods(like today) better stay away.
Am I right ?
  • #452
  • Jul 5, 2010 9:20am Jul 5, 2010 9:20am
Quoting pipMaverick
I realized that this system is usable in trendy periods, but on flat periods(like today) better stay away.
Am I right ?
i knew that toooday will be flat so i did not trade live
but in day like this i think we just need smaler tp
see today charts
every entry expect 2 - one marked and one that i forgot to mark here;p was worth at least +5...
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  • #453
  • Jul 5, 2010 10:52am Jul 5, 2010 10:52am
This method rocks. I have been using it for a few days taking M1 scalps following ALF M1 and ALF M5 combined with PA, S+R levels, and... patience and discipline. There have been heaps of opportunities during London and NY sessions yielding 5-10 pips per trade. Thanks mate!
  • #454
  • Jul 5, 2010 3:09pm Jul 5, 2010 3:09pm
Quoting bbolss
i knew that toooday will be flat so i did not trade live
but in day like this i think we just need smaler tp
see today charts
every entry expect 2 - one marked and one that i forgot to mark here;p was worth at least +5...

you entered when candlle closes, that marked with green line, right ?
  • #455
  • Jul 5, 2010 5:28pm Jul 5, 2010 5:28pm
Quoting suif
Nice work done. I want give a try from today. Let's see how much pips i can grab with this EA. regards
Any luck with the EA? Thanks.
  • #456
  • Jul 6, 2010 1:11am Jul 6, 2010 1:11am
Once a trade is at +10, I close half the trade, i typically move sl to breakeven but im wondering if i should just keep it where it usually is at, what is everyone else doing?
  • #457
  • Jul 6, 2010 2:28am Jul 6, 2010 2:28am
Nice 20 pip trade.
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  • #458
  • Jul 6, 2010 3:13am Jul 6, 2010 3:13am
Quoting pipMaverick
you entered when candlle closes, that marked with green line, right ?
I generally close between 1/3 and 1/2 ( depends where I set my stop loss) at 10 and move stop loss to plus 1. Scalping is not trend trading and generally I will have closed the trade if it pulls back close to 10 pips

rgds

Peter
  • #459
  • Jul 6, 2010 4:47am Jul 6, 2010 4:47am
I don't know why this EA is not putting any trade.
I try today this EA in M1 and M5 but still notrade place.
Give some idea about this EA if any one using it.
Quoting desi
Any luck with the EA? Thanks.
  • #460
  • Jul 6, 2010 8:12am Jul 6, 2010 8:12am
Quoting pipMaverick
I realized that this system is usable in trendy periods, but on flat periods(like today) better stay away.
Am I right ?
Yesterday was a bank holiday in the US, a long weekend and I would expect it to be relatively quiet till tuesday US opening (which is about now). Long holiday weekends are always hard, some times you have major swings but without volume, sometimes there's no movement at all.
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