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Alien's Extraterrestrial Visual Systems

  • #2,361
  • Jan 22, 2014 8:22pm Jan 22, 2014 8:22pm
Quoting cenky
40 pips profit on EUR/JPY before go to bed. {image}
nice.......
The More You Learn, The More You Earn.....
  • #2,362
  • Jan 22, 2014 8:23pm Jan 22, 2014 8:23pm
Quoting Nihilist
Hello Alien, this indi shows every RSIOMA & 3 stoch position for each time frame for given pairs. if you permit i can share it. thank you Sir.
I don't have a problem with it, you will have to explain it more in detail , each trader will have to decide if and how to use it................
The More You Learn, The More You Earn.....
  • #2,363
  • Jan 22, 2014 8:26pm Jan 22, 2014 8:26pm
Quoting yaysayer
I have an irresistible urge to annoy people on the internet with maths, here goes . Consider this: We are looking for the perfect setups vs imperfect setups. Let us assume (wildly) that the perfect setup results in a greater than 2:1 reward risk ratio on wins and only wins 33% of the time. The other 66% we hit our stoploss, at 1% risk to trade capital. On average, the RR ratio will make us come out on top as long as it is greater than 2. From what we have seen so far, i think 33% winrate is extremely negative, but let's be pessimistic, things can...
Yes , Alien does not like to give back pips, so he doesn't...............
The More You Learn, The More You Earn.....
  • #2,364
  • Jan 22, 2014 8:39pm Jan 22, 2014 8:39pm
3stoch & RSIOMA dash.

first 3 block of each time frame is stoch (fast to slow),4th one is RSIOMA.

green block - >= 80

red block - <=20

dodgerblue- >50 & <80 & increasing

orange- <50 & >20 & decreasing

yellow- other condition( >50 & <80 & decreasing and <50 & >20 & increasing)

both of the attached indicators needs to install on your expert/indicator forlder.
Attached Image (click to enlarge)
Click to Enlarge Name: alien.png Size: 42 KB
Attached File(s)
File Type: ex4 _STOCH & RSIOMA Dash.ex4   13 KB | 982 downloads
File Type: ex4 RSIOMA(2).ex4   7 KB | 801 downloads
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,365
  • Jan 22, 2014 8:51pm Jan 22, 2014 8:51pm
Quoting forexalien
{quote} Your USDCAD M15 trade......... ADX 42, 89 , 144 have not turned down yet , are you still in it ?
Yes master, still holding on to it, and also holding the GBP/CAD H1 trade I posted two days ago.

I looked at higher timeframe and all looks to have ADX expanding, so I think they can keep going. Still looking out for a sign of weakening ADX.
  • #2,366
  • Jan 22, 2014 9:01pm Jan 22, 2014 9:01pm
Quoting Nihilist
3stoch & RSIOMA dash. first 3 block of each time frame is stoch (fast to slow),4th one is RSIOMA. green block - >= 80 red block - <=20 dodgerblue- >50 & <80 & increasing orange- <50 & >20 & decreasing yellow- other condition( >50 & <80 & decreasing and <50 & >20 & increasing) both of the attached indicators needs to install on your expert/indicator forlder. {image} {file} {file}




Ah…now I see what you meant Nihilist. Before, when you posted an indicator and told us it had to do with ‘every stochastic and every RSIMA, etc…’ you probably posted the wrong picture. No wonder we were confused!

Now it makes sense. Personally, I like your dashboard because it can tell us which pairs to focus on. People without a bunch of screens would probably appreciate this. You must have worked very hard on it. Thanks for posting it!
  • #2,367
  • Jan 22, 2014 9:12pm Jan 22, 2014 9:12pm
Quoting ntrr
{quote} Yes master, still holding on to it, and also holding the GBP/CAD H1 trade I posted two days ago. I looked at higher timeframe and all looks to have ADX expanding, so I think they can keep going. Still looking out for a sign of weakening ADX.
HI ntrr

we are on the same boat....
will be fun riding this trend
Journey is more important than destination
  • #2,368
  • Jan 22, 2014 9:14pm Jan 22, 2014 9:14pm
_STOCH & RSIOMA Dash needs heavy processor speed, so please select 2/3 pair first time.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,369
  • Jan 22, 2014 9:26pm Jan 22, 2014 9:26pm
Quoting Almuten
{quote} Ah…now I see what you meant Nihilist. Before, when you posted an indicator and told us it had to do with ‘every stochastic and every RSIMA, etc…’ you probably posted the wrong picture. No wonder we were confused! Now it makes sense. Personally, I like your dashboard because it can tell us which pairs to focus on. People without a bunch of screens would probably appreciate this. You must have worked very hard on it. Thanks for posting it!
Many many thanks for your compliments.
Every man who thinks ahead of his time is sure to be misunderstood.
  • #2,370
  • Edited 11:22pm Jan 22, 2014 11:06pm | Edited 11:22pm
Quoting Carlton
Thanks for reply Mr. Alien. I was looking for scalps with 5 screens, but had difficulties following everything. Maybe when I get confortable with the system it goes better. Happy trading, C
I have changed to this setup (4 currency pairs) to get more screen time/ learning.
M5 is my setup but looking at M1 for best entry while making sure M15 is going the right direction... occasionally I check higher time frames too.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 223 KB
Maintain a positive attitude no matter how much you lose!
  • #2,371
  • Jan 22, 2014 11:18pm Jan 22, 2014 11:18pm
Quoting jbegic
{quote} I have changed to this setup (4 currency pairs) to get more screen time/ learning. M5 is my setup but looking at M1 for best entry while making sure M15 is going the right direction... occasionally I check hire time frames too. {image}
If you are watching 4 pairs, I would suggest to remove the USDCHF or EURUSD as they are highly correlated (inverse). Instead why not adding a CAD or AUD or GBP pair ? In other words, try to find 4 pairs which have very little correlation to avoid similar signals (multiply the risk).

Also for a greater visual, you can set a slighty different background on each pair so no confusion when you look at your screen. I do like this myself !
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,372
  • Jan 22, 2014 11:20pm Jan 22, 2014 11:20pm
Quoting Nihilist
3stoch & RSIOMA dash. first 3 block of each time frame is stoch (fast to slow),4th one is RSIOMA. green block - >= 80 red block - <=20 dodgerblue- >50 & <80 & increasing orange- <50 & >20 & decreasing yellow- other condition( >50 & <80 & decreasing and <50 & >20 & increasing) both of the attached indicators needs to install on your expert/indicator forlder. {image} {file} {file}
Hi Nihilist... just a quick observation... Your RSIOMA does not look the same comparing to what we are using in Alien's setup.
RSIOMA in Alien's setup is smoother comparing to yours and therefore dashboard will provide false indication.

Just FYI
Maintain a positive attitude no matter how much you lose!
  • #2,373
  • Jan 22, 2014 11:26pm Jan 22, 2014 11:26pm
Quoting FerruFx
If you are watching 4 pairs, I would suggest to remove the USDCHF or EURUSD as they are highly correlated (inverse). Instead why not adding a CAD or AUD or GBP pair ? In other words, try to find 4 pairs which have very little correlation to avoid similar signals (multiply the risk). Also for a greater visual, you can set a slighty different background on each pair so no confusion when you look at your screen. I do like this myself !
Thank you FerruFx... Your suggestion is much appreciated
How does this sound: EURJPY, USDCAD, GBPUSD and AUDUSD?
Thank you for color suggestion too
Maintain a positive attitude no matter how much you lose!
  • #2,374
  • Jan 22, 2014 11:31pm Jan 22, 2014 11:31pm
Quoting jbegic
{quote} Hi Nihilist... just a quick observation... Your RSIOMA does not look the same comparing to what we are using in Alien's setup. RSIOMA in Alien's setup is smoother comparing to yours and therefore dashboard will provide false indication. Just FYI
Screenshot?

They look the same to me, unless I'm using the wrong settings on Alien's :s
  • #2,375
  • Jan 22, 2014 11:42pm Jan 22, 2014 11:42pm
Quoting FXKabab
Screenshot? They look the same to me, unless I'm using the wrong settings on Alien's :s
Hmmm... Not sure what happened but now looks fine. My apologies
Maintain a positive attitude no matter how much you lose!
  • #2,376
  • Jan 22, 2014 11:50pm Jan 22, 2014 11:50pm
Quoting jbegic
{quote} Hmmm... Not sure what happened but now looks fine. My apologies
LOL no worries, strange things happen all the time around here... think it has something to do with the extraterrestrial nature of this thread?

  • #2,377
  • Jan 23, 2014 12:24am Jan 23, 2014 12:24am
Quoting Nihilist
3stoch & RSIOMA dash. first 3 block of each time frame is stoch (fast to slow),4th one is RSIOMA. green block - >= 80 red block - <=20 dodgerblue- >50 & <80 & increasing orange- <50 & >20 & decreasing yellow- other condition( >50 & <80 & decreasing and <50 & >20 & increasing) both of the attached indicators needs to install on your expert/indicator forlder. {image} {file} {file}
Good and very helpful indicator/ DASHboard. It saves me some time flipping through the charts (which I still do) but at least it gives me good overview of currency pairs I am interested in.

Thank You Nihilist ...
Maintain a positive attitude no matter how much you lose!
  • #2,378
  • Edited 2:54am Jan 23, 2014 1:46am | Edited 2:54am
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
After spending the last few weeks to thoroughly study forexaliens system, I just took my first scalp trade using his method.

AUDJPY
I started my analysis on the H1 chart (right side) and went down all the way to M1

H1: all short (RSIOMA <50, all ADX expanding, stochs short)
M15: short (RSIOMA < 80, ADX expanding, 8,3,3 stoch just came down again)
M5: short (RSIOMA < 50, all ADX expanding, stochs pointing down)
M1: short (RSIOMA <80, all ADX expanding AGAIN, 8,3,3 stoch coming down again while other stochs are already down)

I was looking for a hit to the 91.55 level, the recent low on the H1. If it hits this level I will bank half of my position and let the other half run (depending on the ADX).


Attached Image (click to enlarge)
Click to Enlarge Name: 20140123_aj_m1.png Size: 126 KB


Update:
Closed trade after it failed to drop below the recent low on the H1 chart for a nice profit of +25p.

Steve
  • #2,379
  • Jan 23, 2014 1:55am Jan 23, 2014 1:55am
Quoting forexalien
{quote} GBPJPY Daily......... TIP: On the chart below, The green sto is traveling downward, the trend, the 8,3,3 is traveling long, making price action divergence against the trend, these 2 together make a CROSS X, This is actually price divergence, as the 8,3,3 (high probability) travels back downward, This pair of stochastics will pick up steam together as they both travel the same direction downward. This will make the DS get lower, and if the RSIoma is in position high enough, we will get another trade long again, in a couple of weeks or less.........
Let me tell you folks....If you are struggling getting your head around this system make sure that you use this tip....as you can trade alone on this one setup and you can't go wrong. What we all need to do is focus on one type of setup to begin with and master that first... and when we are proficient then move on to another. It is extremely difficult if you are trying to look at every type of setup when you are learning.

All the best
With God its impossible to lose
  • #2,380
  • Jan 23, 2014 2:52am Jan 23, 2014 2:52am
Quoting jbegic
{quote} Good and very helpful indicator/ DASHboard. It saves me some time flipping through the charts (which I still do) but at least it gives me good overview of currency pairs I am interested in. Thank You Nihilist ...

You Welcome jbegic.
Every man who thinks ahead of his time is sure to be misunderstood.
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