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

  • #541
  • Jul 16, 2010 6:48am Jul 16, 2010 6:48am
Quoting eurisko
Hey everyone,

check this out, I've been playing with the template a bit and I found that mtf schaff indicator M5 is working really well to determine entry and exit, if schaff is equal or less then 90, look to go short. If schaff is equal or great then 10, look to go long only.

As far as I can tell, this doesnt repaint.
hi Eurisko

please share ur template and indi!

it looks nice : ) thx
  • #542
  • Edited 3:13pm Jul 16, 2010 2:33pm | Edited 3:13pm
Quoting eurisko
Hey everyone,

check this out, I've been playing with the template a bit and I found that mtf schaff indicator M5 is working really well to determine entry and exit, if schaff is equal or less then 90, look to go short. If schaff is equal or great then 10, look to go long only.

As far as I can tell, this doesnt repaint.
while use "5" in the timeframe setting in 1min chart, it does repaint for the last 5 bars, cause when the last minute of a 5min is not the same direction of the first min of the same 5 min, it will change back or say "correct" the change of the first min. But of cause, it does not repaint at the current tf. So, i think maybe use 10,115,250 and "current time frame" while we use it in the 1min chart and want to see the five min STC. But while I used it by this way, it looks not the same and it is not as useful as while we use default ema and use "5" for the time frame setting.

Welcome all advices on how to use of this ind. And thanks to you for bring this good ind to us.
  • #543
  • Jul 16, 2010 4:18pm Jul 16, 2010 4:18pm
I like this mtf schaff indicator...is there anyone who could add an alert to it when it crosses the 90/10 or 70/30?
  • #544
  • Jul 16, 2010 4:30pm Jul 16, 2010 4:30pm
Quoting zmskyj
while use "5" in the timeframe setting in 1min chart, it does repaint for the last 5 bars, cause when the last minute of a 5min is not the same direction of the first min of the same 5 min, it will change back or say "correct" the change of the first min. But of cause, it does not repaint at the current tf. So, i think maybe use 10,115,250 and "current time frame" while we use it in the 1min chart and want to see the five min STC. But while I used it by this way, it looks not the same and it is not as useful as while we use default ema and...
Hey zmskyj,

Thanks for your suggestion. I was looking at it, but if you look at image I uploaded it seems like having a 10,115,250 on the current timeframe gives too many false signals. There are times when it looks good, and it provides a good signal, but overall it seems to not be as accurate as my original settings. I think overall, schaff isnt always going to give a perfect enter and exit signal.

Keep in mind, it does change direction, I think I understand what your talking about when you say it repaints on M5, that is why I wait for a candle close once it has crossed either the 10 or 90 levels to confirm reversal. I'm still playing with the settings, I would like some additional opinions regarding the schaff indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: example6.gif Size: 20 KB
  • #545
  • Jul 16, 2010 4:56pm Jul 16, 2010 4:56pm
I'm still currently playing with the template and all the settings, if anyone would like to use schaff, please refer to post #529

It would be nice if someone could add an alert system to the indicator, a popup and email alert. This indicator has shown to grab +100 pips, I don't want to sit at my laptop the entire time ...haha
  • #546
  • Jul 16, 2010 6:15pm Jul 16, 2010 6:15pm
I've recently had a lot of questions regarding my template, so I decided to just simply share it, let some other people have fun with it.

This is the template I'm currently using, I'm still playing with it, its not my final version. Please don't use this on a real account, demo it first, if anyone has any suggestions please feel free to ask or share.

My Changes
1. I've added another mtf_alf to address the price spikes, I've seen it be very useful when used with the other mtf_alf M5
2. I removed the moving averages
3. Added pivot points indicator

I would really appreciate your opinion regarding this template bbolss. Thanks.
Attached File(s)
File Type: zip template and indicators.zip   66 KB | 1,269 downloads
  • #547
  • Jul 16, 2010 10:44pm Jul 16, 2010 10:44pm
Quoting eurisko
I've recently had a lot of questions regarding my template, so I decided to just simply share it, let some other people have fun with it.
...
I would really appreciate your opinion regarding this template bbolss. Thanks.
Hi eurisko, thanks for posting your template.
Are you able to post a quick bit on the capabilities of the Visual Order Editor ea included.

Do you only use the MTF ALFs, not a smooth normal ALF ?

I like the Schaff indy, will have a look at adding an alert. No garantees thou. My coding is normally cut & paste with a little bit of added code into somebody elses hard work. Slowly getting better.

When I get my tpl sorted with a Schaff indy, will post that also.

cheers scalpz
Target 2 : Stoploss in the green
  • #548
  • Edited 1:06am Jul 17, 2010 12:12am | Edited 1:06am
thanks eurisko for your reply. Like what you said, use ema 115,250 instead of set time frame "5" in the schaff
ind is not a better choice. So, you mean you watch the 5min schaff in 1min chart, and wait while current 5min finish(like the end of the 4,9,14,19,24,29,34,39,44,49,54,59 minute)then if at this time, schaff does cross over 10 or cross down through 90, then you buy or sell? I think that is the only correct way to use it if someone want to use this ind as a buy or sell ind. And of couse, the result will not as good as it shows in the history data.

I just wondering if we can have a schaff trend TF ind which can show all the changes in every minute and does not correct the last 5 bars in each 5min cycle time. I don't care if we reopen the mt4 then we lost all the history of changes. At least if we don't close mt4, it will not change automatically and we can forward test it. If you don't understand what I mean, please take a look at the two pic I attached. It is another tf indicator, I also plot 5min in a 1min chart. The first pic is a realtime one, you see the "serrates", and the second is the one you get if you close and reopen the mt4. It is smooth and you will find for each 5min cycle time, the value of the indicator is the same, because it only use the value the indicator got at the last minute of each 5min cycle time. Which is the same as what we got now from this tf schaff ind. I just wish if we can have a tf schaff ind that can show us the same pic as the first pic I gave.

Any one who wants to add aler to SchaffTrendCyclemtf.mq4 can check this thread out http://www.forexfactory.com/showthread.php?t=121882
Attached Images
  • #549
  • Jul 17, 2010 1:04am Jul 17, 2010 1:04am
Quoting eurisko
I've recently had a lot of questions regarding my template, so I decided to just simply share it, let some other people have fun with it.

This is the template I'm currently using, I'm still playing with it, its not my final version. Please don't use this on a real account, demo it first, if anyone has any suggestions please feel free to ask or share.

My Changes
1. I've added another mtf_alf to address the price spikes, I've seen it be very useful when used with the other mtf_alf M5
2. I removed the moving averages
3. Added pivot points...
im now working on something else bdw but look ok
just change the long and short osma to this
http://www.forexfactory.com/showpost.php?p=3864190
this is true mtf osma
and this one that you use and that is in my 1st post isnt exackly mtf
it is long and it show almoust the 5min osma
but only almoust;p
truly 5m osma give almoust always good signals
check it out
  • #550
  • Jul 17, 2010 1:51am Jul 17, 2010 1:51am
Check out the image I uploaded, in the image the red line is the regular alf line, the purple line is the mtf alf I use, blue line is the regular mtf alf M5 line.

If price action is above/below the purple line, its also above/below the red line. I just personally like my version, it reacts to price action a bit better, when both mtf alf lines agree upon trend direction, I look to osma and macd for confirmation.

Regarding Visual Order Editor, check out the image I uploaded. You can change the values to match what you want.

Here is how I'm using visual order editor, I trade using my template during London and NY, I also trade the news. So i made another copy of the ea, renamed visual order editor to visual order editor_news, Metatrader recognizes visual order editor_news as a different ea with different settings, I made a template and loaded my newly renamed ea into the template and load the template whenever I need to trade news.

Visual order editor_news has my own customized settings according to my strategy for trading news, whenever I open a trade, I have visual order editor_news manage the trade.

So basically, I make another copy of the ea, rename it and change the settings whenever I have a new strategy to test.

Let me know if this helped, if you have any other questions.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: example7.gif Size: 19 KB
Click to Enlarge Name: mtfcode.jpg Size: 142 KB
  • #551
  • Jul 17, 2010 2:26am Jul 17, 2010 2:26am
Quoting bbolss
im now working on something else bdw but look ok
just change the long and short osma to this
http://www.forexfactory.com/showpost.php?p=3864190
this is true mtf osma
and this one that you use and that is in my 1st post isnt exackly mtf
it is long and it show almoust the 5min osma
but only almoust;p
truly 5m osma give almoust always good signals
check it out

hey bbolss,

could you share your template with the new osma, I would to see what your settings are for osma and macd.
  • #552
  • Jul 17, 2010 3:03am Jul 17, 2010 3:03am
here is last i used ;]
Attached Image (click to enlarge)
Click to Enlarge Name: v3.jpg Size: 118 KB
Attached File(s)
File Type: zip bbolssv3.zip   53 KB | 1,540 downloads
  • #553
  • Jul 17, 2010 3:34am Jul 17, 2010 3:34am
Quoting bbolss
here is last i used ;]

thanks bbolss, I didn't realize you changed indicators. I'm going to check this out after I get some much needed rest.
  • #554
  • Edited 6:08am Jul 17, 2010 4:52am | Edited 6:08am
Quoting eurisko
...Regarding Visual Order Editor, check out the image I uploaded. You can change the values to match what you want.
...
Thanks for the Visual Order Editor info eurisko.

I have had a go at adding the alert to Schaff TC.
Have it currently set at 10 & 90 for alert, maybe alter to entries later. No market open at the mo, but got alert to trigger by adding to H1 EU chart then changing to M15.

Will see how it behaves when market opens. Hope it doesnt keep alerting, cause I like to think I have that bit covered.

@ zmskyj, thanks for that thread, it had an older SchaffTC version, but the alert files are ex4's so I had to start from our current mq4 version.

Noticed I had to add 10&90 levels to the Schaff indy when loading to get the lines. Anybody know how to have that done within the indy?

Have fun everybody.
cheers scalpz
Attached File(s)
File Type: mq4 SchaffmtfAlert.mq4   7 KB | 768 downloads
Target 2 : Stoploss in the green
  • #555
  • Jul 17, 2010 11:23pm Jul 17, 2010 11:23pm
Quoting bbolss
here is last i used ;]
Hi Bbolss!
Could you explain how you read your new indies? How you make a decision to enter and exit? Maybe, you can update 1st post? (rules and pictures)
Thank you in advance.
  • #556
  • Jul 18, 2010 3:00am Jul 18, 2010 3:00am
same as in 1st post macd show exaclky the same think just have new look
osma short is also the same
and osma long is changed to mtf osma
so enter like always
both alf crossed
osma signal and macd like in 1st post
just schaff is new but i try to use it only fot exit for now like eurisko showed;]
  • #557
  • Jul 18, 2010 12:25pm Jul 18, 2010 12:25pm
Quoting eurisko
Hey zmskyj,

Thanks for your suggestion. I was looking at it, but if you look at image I uploaded it seems like having a 10,115,250 on the current timeframe gives too many false signals. There are times when it looks good, and it provides a good signal, but overall it seems to not be as accurate as my original settings. I think overall, schaff isnt always going to give a perfect enter and exit signal.

Keep in mind, it does change direction, I think I understand what your talking about when you say it repaints on M5, that is why I wait for a...
Hi Eurisko,

This looks very promising. I like the Shaff indicator a lot. It seems very accurate. My question is, if Visual Order Editor is an ea, (to my understanding eas trade automatically you just give them your parameters according to your trading comfort zone), then why do you need the indicators in the windows below the PA window? (Osma, MACD. etc.)

Regards,
bcarbon
  • #558
  • Jul 18, 2010 1:45pm Jul 18, 2010 1:45pm
Quoting bcarbon
Hi Eurisko,

This looks very promising. I like the Shaff indicator a lot. It seems very accurate. My question is, if Visual Order Editor is an ea, (to my understanding eas trade automatically you just give them your parameters according to your trading comfort zone), then why do you need the indicators in the windows below the PA window? (Osma, MACD. etc.)

Regards,
bcarbon
hey bcarbon,

Most Ea's are designed to trade automatically, most of which fail to show any profit. Visual Order Editor is absolutely an EA, however it doesn't automatically open and close trades for me. I manually open trades and let visual order editor helps me to manage my trade.

For example, If i set my stop loss to 15 pips, and target profit to 40-50 pips within visual order editor, that means once I open a trade and don't specify those variable just yet, visual order editor will immediately correct my trade to the specified variables I previously wanted.

Whenever you open a trade, you will see horizontal lines on the pairs chart that specify your particular variables, you can easily select those horizontal lines and move them up or down and change those particular values. Visual Order Editor provides a point and click interface, which can become very useful no matter which strategy you use.

Let me know if you have any other questions.
  • #559
  • Jul 18, 2010 2:28pm Jul 18, 2010 2:28pm
Quoting eurisko
hey bcarbon,

Most Ea's are designed to trade automatically, most of which fail to show any profit. Visual Order Editor is absolutely an EA, however it doesn't automatically open and close trades for me. I manually open trades and let visual order editor helps me to manage my trade.

For example, If i set my stop loss to 15 pips, and target profit to 40-50 pips within visual order editor, that means once I open a trade and don't specify those variable just yet, visual order editor will immediately correct my trade to the specified variables...
Thank you so much for your answer. I agree with you about the eas, you have to risk 300 pips in order to get 5 or 10. Very risky non-sense strategy. I have tried few of them and am not convinced yet.
Do you have any statistics so far? I will put it on the strategy tester of my platform. I will be testing this week.

Regards,

bcarbon
  • #560
  • Jul 18, 2010 5:01pm Jul 18, 2010 5:01pm
Quoting bcarbon
Thank you so much for your answer. I agree with you about the eas, you have to risk 300 pips in order to get 5 or 10. Very risky non-sense strategy. I have tried few of them and am not convinced yet.
Do you have any statistics so far? I will put it on the strategy tester of my platform. I will be testing this week.

Regards,

bcarbon
My statistics are based off my own manual trading, remember visual order editor doesn't trade for me, it only manages a few certain things. I'm winning about 70-80% of the time with a win:lose ratio of 2:1 - 3:1
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