1min scalping using mtf ALF by bbolss | Page 34 | 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

  • #661
  • Nov 16, 2010 3:38am Nov 16, 2010 3:38am
i'm not ready for PA yet. So many info in FF. Maybe you can give us some suggestion about it?

Quoting bbolss
hello guys
im glad that somone is still using it!
yep the ea for this sucks but it is still good system!
unfortunetly i left alf and all other stuff
now i scalp only with PA and sometimes rsi
it is no so hard ! and there is zero lag in my trades not like with alf or any other indi!
you should try
  • #662
  • Nov 16, 2010 3:58am Nov 16, 2010 3:58am
yep this require some skils but if faster you start then faster you will be good at it!
i will write some topic i think or journal right after i will double my real account ;]
i still need some time but im on right patch i think =]
regards
  • #663
  • Nov 16, 2010 4:09am Nov 16, 2010 4:09am
Let me know

Quoting bbolss
hello guys
im glad that somone is still using it!
yep the ea for this sucks but it is still good system!
unfortunetly i left alf and all other stuff
now i scalp only with PA and sometimes rsi
it is no so hard ! and there is zero lag in my trades not like with alf or any other indi!
you should try
  • #664
  • Dec 30, 2010 10:49am Dec 30, 2010 10:49am
Thanks alot bbolss for a very useful system!!!
This is my live acc after 7 days trade!
$5000 fund, bonus $400, profit $937.18; Total profit: $1,337.18
Attached Image (click to enlarge)
Click to Enlarge Name: ADIG acc.png Size: 20 KB
  • #665
  • Dec 30, 2010 1:21pm Dec 30, 2010 1:21pm
Quoting hung303
Thanks alot bbolss for a very useful system!!!
This is my live acc after 7 days trade!
$5000 fund, bonus $400, profit $937.18; Total profit: $1,337.18

That's awesome. I have 3 questions -

1) What percentage of your account are you risking per trade ?

2) Are you using the ea ? (I hope not)

3) How are you avoiding ranging markets ?
  • #666
  • Jan 3, 2011 1:12am Jan 3, 2011 1:12am
Quoting 82nd
That's awesome. I have 3 questions -

1) What percentage of your account are you risking per trade ?

2) Are you using the ea ? (I hope not)

3) How are you avoiding ranging markets ?
hahah yeah the ea posted was garbage BUT this is a good scalping system if you have the screen time.
  • #667
  • Jan 3, 2011 11:25pm Jan 3, 2011 11:25pm
Quoting 82nd
That's awesome. I have 3 questions -

1) What percentage of your account are you risking per trade ?

2) Are you using the ea ? (I hope not)

3) How are you avoiding ranging markets ?
sorry for late reply!
1. my risk is 5% per trade.
2. No,I'm not use EA
3. I just use bbolss's system to scalping so there were both Sell & Buy in short time. There were 3 loss trades per total 74 trades
  • #668
  • Jan 4, 2011 9:37am Jan 4, 2011 9:37am
Quoting 82nd
That's awesome. I have 3 questions -

3) How are you avoiding ranging markets ?
A ranging market is the bread and butter of 1 minute scalping. Just keep your pip cost down with a low spread. I am happiest in a ranging market pulling 3-10 pips per trade. I trade the GBP/JPY with an ECN broker and don't enter a trade unless the spread is less than 2 1/2 pips. During a ranging market, just ride the waves up and down. During a trending market, just enter the wave in the direction of the trend. To me that is harder.
  • #669
  • Jan 12, 2011 9:55am Jan 12, 2011 9:55am
Quoting tommbstone
hahah yeah the ea posted was garbage BUT this is a good scalping system if you have the screen time.
Thanks Tomb

I wouldn't dare an EA to pull the trigger. Just wanted to know if his win rate was through manual trading
  • #670
  • Jan 12, 2011 2:22pm Jan 12, 2011 2:22pm
Quoting hung303
sorry for late reply!
1. my risk is 5% per trade.
2. No,I'm not use EA
3. I just use bbolss's system to scalping so there were both Sell & Buy in short time. There were 3 loss trades per total 74 trades
Thanks for sharing personal info. If I come anything that might help, i'll pass it on
  • #671
  • Jan 13, 2011 12:33am Jan 13, 2011 12:33am
Its a good system just don't use the EA

I just don't like sitting in front of my computer biting my nails during drawdown. LOL I'm a set and forget guy now.

But it does work no doubts just follow rules
  • #672
  • Mar 28, 2011 3:28pm Mar 28, 2011 3:28pm
Quoting hung303
Thanks alot bbolss for a very useful system!!!
This is my live acc after 7 days trade!
$5000 fund, bonus $400, profit $937.18; Total profit: $1,337.18
Hello hung303, tell me plese you use bbolss system with alf indicator?
If it's not problem for you, can you attach template or full trading system?

Thanx !!!!
  • #673
  • Jul 31, 2011 5:05pm Jul 31, 2011 5:05pm
Quoting sonnos
Hello hung303, tell me plese you use bbolss system with alf indicator?
If it's not problem for you, can you attach template or full trading system?

Thanx !!!!
Be attentive! All that is in the 1st page of this thread.
  • #674
  • Oct 26, 2011 1:09am Oct 26, 2011 1:09am
Just curious, What happen to this thread??
  • #675
  • Oct 26, 2011 2:58am Oct 26, 2011 2:58am
Quoting nanningbob
Just curious, What happen to this thread??
NB, I'm not sure , I think that the thread starter went away and the various entries to achieve 100% success got too hard.

I use ALF cross as one of my entries at 1 and 5m and its quite consistent in the right market conditions.

rgds

Peter
  • #676
  • Oct 26, 2011 3:10am Oct 26, 2011 3:10am
Quoting peterke
NB, I'm not sure , I think that the thread starter went away and the various entries to achieve 100% success got too hard.

I use ALF cross as one of my entries at 1 and 5m and its quite consistent in the right market conditions.

rgds

Peter
I noticed several indicators in the folder, which ones are best to use? Also, I was looking to see a decent scalping system enhanced using 10.0 or 10.1 reads. I read an early post where they had trouble with this system when the market is ranging but 10.0 lets you know the market is ranging so you can adjust accordingly in your trades. I was thinking that 10.0 or 10.1 would help this system out knowing that. With 10.1 S/R lines you would know to look for a BO or bounce off the S/R line. Anyway this one for some reason peaked my interest.
  • #677
  • Oct 26, 2011 3:17am Oct 26, 2011 3:17am
Quoting peterke
I use ALF cross as one of my entries at 1 and 5m and its quite consistent in the right market conditions.

rgds

Peter
Hi Peter,

how do you determine the right market conditions for ALF cross usage? Do you have some rules?

Regards,
Q
  • #678
  • Oct 26, 2011 6:53am Oct 26, 2011 6:53am
NB and Quoyend.

NB, I have tried using your V10 range or trend finder and think it works well down to 15m. Beneath this market movements, the impact of market openings, news, random events overcomes ranging or trading. Especially around market openings and in volatile periods such as Greek tragedies.

Some thoughts on whether the market is ranging or trending. Personally I trade 1m and 5m at random periods of days and nights due to being a consultant, frequent insomniac, live in Aust (UK opening is about 7pm, US open about 1am my time) and have kids that require drop offs and pickups most days of the week at random times of the day and night.

I take about 5 seconds to visually determine if market is ranging or trending. Simple use the daily open,(white horizontal line), if price has stayed near this it's ranging , if its away from this with long price movements its trending. If crossovers of the alf line are close in the last hour or so its ranging. If it moves suddenly with long candles making new daily highs or lows its trending.

The ALF line by itself replaces any other indicators other than the Bressert indicators (current timeframe and 1 tf up) which in certain market conditions can be very accurate, in trending periods just trade the Alf line and candles.

I'm at a loss why people use so many indicators when they are typically variations on a moving average.

I trade 1m, 5m (generally if 1m ATR < 5 pips I trade 1m > 5 pips or so 5m) chart side by side and use 4 different entry, exit strategies depending on ranging or trending, ALF line crosses combined with Bressert gives great trend entries either for entering at the start or on pull backs.

Smart trading suggests only taking trades in the direction away from the daily open as this is the short term or daily trend - I'm not that smart and I tend to overtrade.

I have included a renko version of an ALF template to provide a wider view.

Hope that helps

rgds

Peter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pk 1m image 28_10_11.jpg Size: 117 KB
Click to Enlarge Name: pk renko image 28_10_11.jpg Size: 110 KB
  • #679
  • Oct 26, 2011 6:59am Oct 26, 2011 6:59am
Quoting peterke
NB and Quoyend.

NB, I have tried using your V10 range or trend finder and think it works well down to 15m. Beneath this market movements, the impact of market openings, news, random events overcomes ranging or trading. Especially around market openings and in volatile periods such as Greek tragedies.

Some thoughts on whether the market is ranging or trending. Personally I trade 1m and 5m at random periods of days and nights due to being a consultant, frequent insomniac, live in Aust (UK opening is about 7pm, US open about 1am my time) and...
Thanks for the detailed reply. I became a higher TF trader because I dont have time to just sit and stare at a screen on a lower TF. Drives me nuts anyway. Just thought that maybe with 10.0 some other system might fit well.
  • #680
  • Oct 26, 2011 7:04am Oct 26, 2011 7:04am
Quoting peterke
NB and Quoyend.

NB, I have tried using your V10 range or trend finder and think it works well down to 15m. Beneath this market movements, the impact of market openings, news, random events overcomes ranging or trading. Especially around market openings and in volatile periods such as Greek tragedies.

Some thoughts on whether the market is ranging or trending. Personally I trade 1m and 5m at random periods of days and nights due to being a consultant, frequent insomniac, live in Aust (UK opening is about 7pm, US open about 1am my time) and have...
Hi Peter,

could you share a template and the indis, please? Thank you very much for your efforts!

Best regards!
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