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

  • #481
  • Jul 8, 2010 10:46pm Jul 8, 2010 10:46pm
Quoting eurisko
Can someone tell me when they manually close a trade that is going against them? I was thinking, if a trade is already going against me and there is a candle close above/below the M5 line, then it would be a good idea to close the trade manually instead of having the SL hit for -10 pips.

What is everyone else doing? When would you close a trade manually?
Well my plan is to have the SL sorted before I take the trade. Part of working out if the risk is worth it or not.
Then if it hits the SL then it closes. Next.
Holding longer is not only risking more, it is wasting other opportunities.

Well thats the plan anyway, but sometimes the rails shift & I fall off. It's normally when I let other factors outside my plan influence my trades - and then guess what happens.

cheers scalpz
Target 2 : Stoploss in the green
  • #482
  • Edited 12:40am Jul 9, 2010 12:35am | Edited 12:40am
Quoting scalpz
Well my plan is to have the SL sorted before I take the trade. Part of working out if the risk is worth it or not.
Then if it hits the SL then it closes. Next.
Holding longer is not only risking more, it is wasting other opportunities.

Well thats the plan anyway, but sometimes the rails shift & I fall off. It's normally when I let other factors outside my plan influence my trades - and then guess what happens.

cheers scalpz
I do the exact same (including shifting rails ): Usually aiming for 10 pips TP/SL. If it is a good run and goes above +10 swiftly, I let it run and judge on possible reconnection with ALF, but if it gets back to +10 pips I close the trade anyway.

The saying goes: Don't let your winners turn into losers.
Prediction is very difficult, especially about the future. - Niels Bohr
  • #483
  • Jul 9, 2010 12:39am Jul 9, 2010 12:39am
Quoting windsorftw
Also, I've been trying without much success to get this system to work for me. Can anyone out there, PLEASE hook us up with some sort of indicator to suggest an entry point with this system?
Something like a big BUY when it's time to buy, or SELL when it's time to sell the pair?!? Would make everyone's life a tad easier. Well, make my life easier anyhow! Is it even possible or is what I'm asking for completely off the wall?
Again, same comment as for the EA: How do you tell a computer rather vague values like "not strong rise"? My recommendation is try it (on demo if you like or with the smallest lots). Practice is the way to go.
Prediction is very difficult, especially about the future. - Niels Bohr
  • #484
  • Jul 9, 2010 1:46am Jul 9, 2010 1:46am
Quoting windsorftw
Thanks for the EA ninichingyi, I was just wondering how we can optimize the EA so it will open trades more frequently. I changed the min lot size to 0.1 as my broker only permits that size and that's it. In 24 hours, it's opened 1 trade for a 10 pip move, running on 8 charts, each with a diff. magic number.
I have MM on and set at 5.0 risk.

Just wondering how I can get it to open more trades more frequently.
Thanks for any inputs!
I had a look to the code of the EA, it is very hard that it work since one of the indicator is mtf, the code does not handle it, and less for backtest, Also, one of the condition is related to the state of the line of this indicator; this EA does not handle this part at all. forgetting that the all fundamental of this strategy ! The EA end up being another indicator-value-crossing...
  • #485
  • Jul 9, 2010 2:25am Jul 9, 2010 2:25am
Can you fix a code?
  • #486
  • Edited 5:04am Jul 9, 2010 4:08am | Edited 5:04am
good entry
sl at +7 for now (about dialy) and will se i thing will fall like 50pips or more;]

i waited at break this yellow line and enter at candle marked green line
edit
im already out with +18
we broken so many tl on my m5;p
last one hold
shame ;D
Attached Image (click to enlarge)
Click to Enlarge Name: asd.gif Size: 22 KB
  • #487
  • Jul 9, 2010 5:39am Jul 9, 2010 5:39am
Quoting bbolss
good entry
sl at +7 for now (about dialy) and will se i thing will fall like 50pips or more;]

i waited at break this yellow line and enter at candle marked green line
edit
im already out with +18
we broken so many tl on my m5;p
last one hold
shame ;D
Hi bbolls,

Could you share your latest template/indys with us? Wondering about your pivot and ma indicators (dotted yellow and green line).
You're not as active on your thread as in the beginning, summertime started in Poland?

Thanks pbb
  • #488
  • Jul 9, 2010 5:46am Jul 9, 2010 5:46am
Quoting bbolss
good entry
sl at +7 for now (about dialy) and will se i thing will fall like 50pips or more;]

i waited at break this yellow line and enter at candle marked green line
edit
im already out with +18
we broken so many tl on my m5;p
last one hold
shame ;D
Since you're from poland, what are your trading times. Do you watch all day (europe and opening us) or just some periods around the opening?

Thanks pbb
  • #489
  • Jul 9, 2010 5:47am Jul 9, 2010 5:47am
hi
yep sumertime
and exams on my studdy

so much on my head;]

last temp is still in 1st post
i just added now auto pivot
here you go

and i changed for test now longer osma to 50 120 40
seems to be a litle faster and still show what is on m5
strange that there is no MTF version of osma
i serached it over last weekend with no results ;/

anout my poland work time
hmmm
when i woke up (about 8 am) i start usually
london open ad 9 my time
then i usually make a break about 12 - 14 ( usually nothing happend)
and from 14 till 17-19 depends on a day
are you from poland too?
br
Attached File(s)
File Type: mq4 ###Auto Pivot.mq4   15 KB | 478 downloads
  • #490
  • Jul 9, 2010 6:05am Jul 9, 2010 6:05am
No, I am from Holland, so same timezone. My morning session is from around7 till 11 and mostly I don't trade the afternoon, but if I do it's from pre opening till around 16.30.

The dotted yellow and green line in the chart, are they just moving averages? What setting do you use for them?

Thanks pbb
  • #491
  • Jul 9, 2010 6:10am Jul 9, 2010 6:10am
Quoting pbb
No, I am from Holland, so same timezone. My morning session is from around7 till 11 and mostly I don't trade the afternoon, but if I do it's from pre opening till around 16.30.

The dotted yellow and green line in the chart, are they just moving averages? What setting do you use for them?

Thanks pbb
yep
50 and 200
they are in 1st post temp?
  • #492
  • Jul 9, 2010 7:24am Jul 9, 2010 7:24am
Quoting dinhero
I had a look to the code of the EA, it is very hard that it work since one of the indicator is mtf, the code does not handle it, and less for backtest, Also, one of the condition is related to the state of the line of this indicator; this EA does not handle this part at all. forgetting that the all fundamental of this strategy ! The EA end up being another indicator-value-crossing...
I'm currently forward testing this EA, turned off the MACD and MA filters and added a stop loss of 10. I also reduced the number of open trades/chart as it was openning up a bunch of trades at the same price.
After letting it run for 8 hours, I'm +$1,180.00.
For anyone interested, here's my statements.
http://windsorftw2.mt4stats.com/
  • #493
  • Jul 9, 2010 12:03pm Jul 9, 2010 12:03pm
Quoting dinhero
I had a look to the code of the EA, it is very hard that it work since one of the indicator is mtf, the code does not handle it, and less for backtest, Also, one of the condition is related to the state of the line of this indicator; this EA does not handle this part at all. forgetting that the all fundamental of this strategy ! The EA end up being another indicator-value-crossing...
Yes, you are right. At the ALF crossing point there should not be an order placed unless the 5 minute ALF is going in the same direction as the 1 minute ALF. The code does not account for this as far as I can see. I'm just starting to learn how to code, so I would not have a clue on how to code these conditions into the order coding.
  • #494
  • Jul 9, 2010 12:10pm Jul 9, 2010 12:10pm
Quoting BlackStack
Yes, you are right. At the ALF crossing point there should not be an order placed unless the 5 minute ALF is going in the same direction as the 1 minute ALF. The code does not account for this as far as I can see. I'm just starting to learn how to code, so I would not have a clue on how to code these conditions into the order coding.
Is it possible for someone to correct this code?
  • #495
  • Jul 9, 2010 1:45pm Jul 9, 2010 1:45pm
Quoting bbolss
strange that there is no MTF version of osma
i serached it over last weekend with no results ;/
hi bbolss,
first of all thanks for the system.
I have been trading it for about a week with some success. Have developed a couple of indies for this particular system - OSMA for 2 tf and MACD for 2 tf. May be it's what you are looking for.
Unfortunately get connection error when trying to attach files to the post. So if you want them, drop me a PM and i'll send them by email.
Wherever you look, there's something to be seen
  • #496
  • Jul 10, 2010 4:37am Jul 10, 2010 4:37am
Friend I am using this ALF with Trix indicator .. showing some good result
for trix indicator just look THV Tread in FF

Thanks
Arun...
  • #497
  • Jul 10, 2010 7:38am Jul 10, 2010 7:38am
I'm using 15m alf set ups with trend. 20sma confirms trend.
Attached Image (click to enlarge)
Click to Enlarge Name: eu7710.gif Size: 37 KB
  • #498
  • Jul 10, 2010 7:42am Jul 10, 2010 7:42am
Try this alf alert. Gives arrow on first open above or below alf.
Attached File(s)
File Type: ex4 ALF_Alert.ex4   5 KB | 671 downloads
  • #499
  • Jul 10, 2010 8:19am Jul 10, 2010 8:19am
Quoting arunsideas
Friend I am using this ALF with Trix indicator .. showing some good result
for trix indicator just look THV Tread in FF

Thanks
Arun...

I was using it as well, but missed alot of good trades, how are you using it ?
Look at something long enough, you will eventually get it.
  • #500
  • Jul 10, 2010 10:18am Jul 10, 2010 10:18am
Quoting annonymous
Bbolss, in your screen shot I see you took a trade while the 5 min was sloping down. Since it is a MTF indicator, it's getting it's data form the 5 min timeframe, that means it take 5 1min candle to close.

See my chart

Is the any reason for that early entry?
Hi, anonymous, may I know what is the money management indicator you are using, it got risk %.. seems good

Regards
chrisyeap
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