On My Way To The Top

For the MA there is something more I wanted to say: when I restarted some coding a couple of days ago I thought maybe the way we have the MATouch Price might not be the best for the alerter.

Maybe it would be better to have it that the price must be between the MA boundary - I guess that would give some more signals in the same quality.

This might become even more important when we add more Alerter option like now the M5 (or better Chart Sto as you can use it on other TF too) position.

As all conditions have to be met at the same time for an Alert to be triggered - it might be better to change the MA Touch to what I had in mind above.

but I will have to look into that later and first get a currently working Alerter with the new STO Overbought/sold level and the M5 Sto position.

Just something I thought along the way in the hope to improve it.

Ok Ok I see. Sorry for spamming your great thread. I will delete that previous post & pic so that it wont mislead anyone.

hi pmullin86,

This would be a first test version. I have to say I have no idea if it works correctly or not.

Anyway, probably one will have to check it really with all the correct (sorry uses the open price stuff
Stoch, Ma, ect.. plotted and each individual Alerter attached.

And than check first the individual alerters manually to be correct and than it's quite easy to check the combined one.
maybe for the time being a fast check would work against the older version of the Alerter you are using now. (example disable the M5 (Chart STok) and set the MTF STOk stuff to a similar behaver (Ob101, Os -1) as the old one and than go from there.


I will upload it here: and delete it as soon as you have fetched it.

Please response shortly when you got it


some of the new settings explained: http://www.forexfactory.com/showthre...77#post5067377

I did not yet make any docu.

I just downloaded it thanks...the no doc is fine as I'm use to your coding at this point so fairly familiar with everything....

Yes, I removed the need for the MT4 installation path to be specified - so this will also make things easier.

Anyway, play around (hope it works at least more or less correctly and than we can fix the errors)

It might take a while till I upload the whole stuff to my indi thread: as I also do a version of the ALPmullin86Var1 indi using instead of the MA - MTF-Mas.

I have some ideas for that but not yet ready to go.

It did catch a nice one on the M1 chart but the Stoch setting is just what the default was not yours.
and MA period I changed to 10,21 and SMA 50

Just for fun I wanted to see if it works at all: black Vline when I started Live data

Anyway this would have been a 1:4 or 5 RR ( I guess a lucky one but at least one can play around

very good so far...but can you add a pic with the open value stochastics the alert was defaulted on...

NO, I only added the new indi to the M1 chart (goes the fastest and changed some of the default settings as stated about.

Stok of Alerter where: M5, M15 like the pic below both the same - so just using direction and Overboug UP, Oversold DOWN Like you suggested for D1


I don't have a template to add all the other stuff - so it might anyway still be wrong - we will have to check it as soon as I post the new update (all indis) on my indicator side.

But before I will still do a version of your Alerter with MTF Mas-


Anyway the trade would have looked more or less like the pic below - who knows price might still be pushing more

I did also the ALPmullin86Var2 this is the same as the ALPmullin86Var1 only that instead of the MA's it uses MTF-MA's

I'm not sure if I post all today ( as I will update all indi (Fixed a couple of issues) and also have to do the docu.


I plan afterwards: to make a small tutorial how to create a template for Pmullin86's trading system using the new ALPmullin86Var1 and all the other Open Value based indicators.

I know that you Paul can do it yourself: but I thought it might be interested for anyone else and I need to do anyway some template to test the alerter with.

I just had an epiphany of something I am going to try out and see how well it works...but the idea of your open calculation stochastics in a rope just dawned on me...and maybe that could be the predictive effect you like....with the nice confirmation of the strength of a move that I like....to avoid any whip saws...(hmmmm...sounds good in theory...) and I will test it against what I'm currently running now...

With your open calculations of the stochastics do you use the most current open candle position for reading of your stochastics or do you only consider the last closed candle...I know you've answered this before in some post somewhere but I can't seem to recall...

the open value based indis have mostly 2 effects:

- if one uses the MTF version
- and in Past data
- and an other main advantage that one can make a Vline look using the time data on the bottom.
(what I mean if the bottom time (which is always bar open time: say 10:10 you get the situation what was at this opening time on the chart)


if you use the rope as such I probably would guess that you get actually confirmation signals 1 bar later than with the normal one.

But it is really what the situation is when one uses like a Vline look on the Timeline.


Anyway, I think it might be a good thing to overlay the chart with a True MTF-Rope
(e.g. M5 chart with the 1 hour rope - or if I would use your trading style I would overlay it with a M15 Mtf Rope using the
op8STOk_MTFSame_0.00.mq4 indi 2 times ( if you go for a symetric rope as I usually do.)

I calculate it so that the indicator line presentation fits the real time line of the chart at the bottom (which is the bar open time.)

For the actual live bar I use the last tick (like most other indi) - that's also why the live value is very similar as the normal stoch (not exactly the same though)

Alerters are a bit of a different situation: as it depends what they do:

e.g. a STO direction is calculated by the current chart bar compared with the previous chart bar.

(Not much difference as such from most normal indi - but for MTFSto it is quite a difference compared to closed candle comparison.)

If you mean that you could be right that you get with the open bar based indicator earlier signals.

Anyway: using closed candles or the actual live candle are two different approaches with different strength and weaknesses:

I have shortly presented why I prefer for MTF indicators to go with open bar value based indicators and also use as comparison for e.g. direction only the Chart bars and not the MTF bars:
http://www.forexfactory.com/showthread.php?t=287188

just made an astounding discovery (by accident fooling with mtf moving averages since MJ has stirred up some thoughts and ideas of mine)...not claiming it hasn't been discovered by anyone else but I just discovered on my own so its all that matters to me...but it seems very interesting how closely the 15 50 sma follows price on the 4 hour price almost like a 4 hour trend line and how the 50 sma on the 5 minute chart does the same for the 1 hour....so I assume it would be the same effect for the 50 sma on the hour for the daily....wow....I love moving averages they are such powerful tools....and it seems the sma which is not as responsive to price is much better for my trading approach...really considering using more of mtf ma stuff as well but need to forward test and figure how to incorporate with current method as im sure its pretty obvious but anything from higher time frames on lower time frames would help to show the overall trend/strength and direction for the shorter time frames to get in line with...attaching pics to explain..nothing precise or not trying to outline a strategy or anything here but just state observations and how using mtf sma's could help keep out of ranging or consolidating periods...

Well, I played a bit with MA's and a little bit with MTF-MA's.

BTW: it is way better to use proper MTF-MA's than just multiplying the time the timeframe difference with the period.

Quite a lot of people do that ( I used to do it to simulate MTF-Ma) but a real MTF-Version is a bit different.

e.g. comes to my mind was the Pass system (not anymore active) but I posted the original pdf pages in my Pass Alerter thread post#2
http://www.forexfactory.com/showthread.php?t=312445

The author of the system writes: Why 6,12,48 EMA? and it seems he tried to simulate higher time frames.

Which is fine.

But the point I try to make is: if the purpose is to display higher TF Ma's it is preferable to use real MTF-MA indicators.

Before I did my own MTF-Ma I also simulated it somewhat similar to what the PASS author did. Main reason was that I had not found any MTF-MA I really liked - no stair effect, and drawing till the active Chartbar candle (but probably such exists)

Just a thought for someone who is interested

In the picture that I posted those ma's are actual mtf moving averages and not any calculations for a timeframe or anything like that unless I'm misunderstanding what yourr saying but yeah its an mtf ma indicator plotted with the fifteen minute thirty minute and one hour time frames to display them on the five minute chart....

pmullin86,

One thing I'm thinking about was: you remember I said it seemed to me you use quite high values for the MA's.

50,100,200. (of course one has to ake a difference for EMA and SMA but anyway)


I though maybe if I translate them (like I mentioned in the previous post) to simulate a higher TF.
How would that compare to some of the other MA systems (which seem to work).

So How would that be on a M15 TF:approx
16,33,66

This numbers are falling quite nicely into place with some of the other systems I had mentioned to you the other day.


So my thought goes further:

If pmullin86 bases his entries partially on them - maybe from a MTF perspective he trades the M15 with entering on the M5 without being aware so much of it? (in relation to the other MA systems I mentioned)


From there comes also my idea to make a Combined Alerter version, which replaces the MA with MTF MA.


Untested, just theoretical idea:
* pmullin86 trades M15 (not conscious but in a comparison with the other MA systems I mentioned) (which might also be the reason for the longer runs at times)

* So maybe it would be nice to use real MTF-Ma M15 instead ( it's not a big difference but still.) and tweak it a bit more to some of the success points of other MA systems.

* But still manage the trade through the M5 chart

* Maybe pay also more attention to the M15
(reason I suggested to add a MTFSystem Rope)

* Personally I would give this idea some thoughts.

So if I would trade your system I would have at least threa charts open:

1. MAIN Chart: M5 mainly like you: only using my indi
- maybe add all the separate alerts (only as VLine alerts in the beginning)
- add a new multi combine alerter
- maybe add the M15 MTF Same Rope

2. Helper Chart: M15 -
- not sure about MA would have to check that. probably the same as most other Ma systems
- definitely a Rope
- probably Semaphor
- probably MACD

3. Helper Chart: H1
- not sure about MA would have to check that. probably the same as most other Ma systems
- definitely a Rope
- probably Semaphor
- probably MACD


Danger is to move to much to the 2 Helper Charts - but the M5 should be still the Main chart to manage the trade.

This might not work out at all - I did not test it in any way - but I think it might be worthy to give it a though.

In that way it would be also easier to explain why it seem to work so well with you when many other systems seem to use a similar 3 or 4 MA setup but mostly lower numbers.


Anyway, just something I thought. I will anyway not have much time to test this out at least not for a while.

I expected them that this are real MTF- indi - but I wanted to mention it how I and others at times did it to simulate it and mainly to make a way to explain my second post idea better.

I need to look into these ideas all a bit further...

Well, just something I thought. I don't believe it will make a BIG difference as basically you continue trading the same (except you move to my indi MA,Stok indi )

But it might be a mental shift using the M15 MTF-Mas which might help to in-cooperate stuff , as well as safeguards from related MA systems.

But after all it might also turn out to be nothing and just a useless shift of attention to the M15 - well no harm done one can always revert back.


Anyway, as you are quite successful in more recent times I would be very cautious to change anything
- in fact - if you can keep up half of your recent returns on a permanent basis
I would not even look for anything else

- except maybe to get more into Alerts or automated stuff if possible and sleep longer

and enjoy the fruit of your labour and take life a bit easier


BTW: the last sentence is for many trader the hardest to do - but think about it.