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  • #5,821
  • Mar 22, 2014 5:06pm Mar 22, 2014 5:06pm
Quoting FerruFx
{quote} You should train with the 89/144 exit rule. That's amazing !
personaly i agree with salgueiro , that's the only point that can be really improve in this system i think ( perhaps alien has yet some tips about exit )

i don't exit with adx 89-144 , that's so much approximative ( that's why your idea to avoid false reversal is a good point )

but it remains not really enough pertinent, i'm looking to introduce some others indi for the exit but even with only stoch,adx and rsioma we can do better,

i've some principles which don't change since few weeks, so i think i'll can play my part in this thread from here on in
  • #5,822
  • Mar 22, 2014 5:45pm Mar 22, 2014 5:45pm
Quoting FerruFx
{quote} Are you calculating your pips results with the difference between the entry and exit ... or are you multiplying it by your lot size (number of entries at the same price) ?
i didn't post about that because i didn't want to nit-pick but it's true that salgueiro,etc results loose a bit their meaning while we see things like XXX pips on yen pairs or on gold in only few hours/days,

if you put " i've made +12 on eurusd, - 60 eurchf , +380 gold and +50 gbpjpy " and after " so these last days i've made +482 pips , another huge week ! "

people will be amazed but the reality will be a little less glamour

i don't say you're cheating or something like that in any way ! Absolutely not but just want to say that it can be pretty confusing at first glance
  • #5,823
  • Mar 22, 2014 9:22pm Mar 22, 2014 9:22pm
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The More You Learn, The More You Earn.....
  • #5,824
  • Mar 23, 2014 3:14am Mar 23, 2014 3:14am
Hi Alien. I am a long time lurker on this wonderful thread. Thank you for everything. I want to get from you an advice related to trading your system live on MT4. I know that you trade on another platform but is there any possible way to trade this on MT4 as I don't really find easy to trade on other platforms beside MT4. You mentioned it before I know, but a more elaborate explanation will be appreciated. Thank you again for what you are doing on this thread.
  • #5,825
  • Mar 23, 2014 6:11am Mar 23, 2014 6:11am
Quoting FerruFx
{quote} You should train with the 89/144 exit rule. That's amazing !
I have to say that I agree with FerruFX (and Alien of course ), I have been stacking small positions "attached" to different timeframes.
Exiting with 89/144 related to the same TF is really rewarding.

Let say I see an opportunity on H4 or H1 confirmed with lower TFs, I will divide my position in different small positions.
Each ticket related to 1 TF not to loose track.

Then following the 89/144 rule on each TF:
1 to exit on H4
1 to exit on my entry TF 15min for an "immediate" reward.
1 to exit on D1/W1 or M if they follow the same trend etc....

Still experimenting Alien setup on a demo; but so far, it's really good.
the market is not random but anything can happen.
  • #5,826
  • Mar 23, 2014 7:05am Mar 23, 2014 7:05am
Hi Alien and all Alien devotees,

Just want to thank Master Alien for this wonderful system although after one full read through the entire thread I am a long way from fully understanding the concept. I believe (I think) that I know what the entry conditions are on any given TF for a trade entry but I am struggling with the MTF analysis. I am now going through the entire thread again and making notes for all aspects of the system.

If there is divergence on the Rsioma-DDS on the 1H TF (Long) and 4H and Daily are also Long but Weekly/Monthly is mixed.

If I want to trade that set up knowing its not grade A, do I then look to the 1M 5M and 15M and wait until all TF's are moving up before entering on the 1H.

Thanks in advance.
Nick
  • #5,827
  • Mar 23, 2014 7:52am Mar 23, 2014 7:52am
Quoting forexalien
{quote} EU H4 has the black sto 8,3,3 opposite of the green sto and the RSIoma is still short. you then wait for the H1 to top, shown by the green sto topping, which is also the black sto on the H4, a H1 compression is setting up for a sell, but one hour short of triggering, the DS is high and the RSIoma is fading for now, so I am thinking the EUR will retest the bottom again, before going long again in a day or so............ {image}
Thanks Alien
  • #5,828
  • Mar 23, 2014 8:22am Mar 23, 2014 8:22am
Quoting vspatrick
{quote} I have to say that I agree with FerruFX (and Alien of course ), I have been stacking small positions "attached" to different timeframes. Exiting with 89/144 related to the same TF is really rewarding. Let say I see an opportunity on H4 or H1 confirmed with lower TFs, I will divide my position in different small positions. Each ticket related to 1 TF not to loose track. Then following the 89/144 rule on each TF: 1 to exit on H4 1 to exit on my entry TF 15min for an "immediate" reward. 1 to exit on D1/W1 or M if they follow the same trend...
Yes ......

The 5 speed ADX was created by Alien to help him to "Stay The Trade" To try and remove the panic of losing the profit he already had too soon ..............

Most humans get out TOO early on thier winners and ride their losers to the Death of their accounts....................IMO
The More You Learn, The More You Earn.....
  • #5,829
  • Mar 23, 2014 8:32am Mar 23, 2014 8:32am
Quoting nickcnew
Hi Alien and all Alien devotees, Just want to thank Master Alien for this wonderful system although after one full read through the entire thread I am a long way from fully understanding the concept. I believe (I think) that I know what the entry conditions are on any given TF for a trade entry but I am struggling with the MTF analysis. I am now going through the entire thread again and making notes for all aspects of the system. If there is divergence on the Rsioma-DDS on the 1H TF (Long) and 4H and Daily are also Long but Weekly/Monthly is mixed....
Welcome nickcnew,

I am sorry this thread is not that organized, there are many small systems that work on their own and when used together is certain cases can bring more wins and larger wins to your plate.
Re-reading the thread again , as much as it is time consuming, is the only way to get it to sink in. You will start to get Ah Ha moments in time.
many have posted summaries in different PDF's with many of my TIPS and ideas behind the systems.

upper right hand corner on this page, has a paper clip looking thing with a number of attachments behind it , almost 2000 at this point in time.............

It is best to find a pair that has Month, week and daily all going long (or short) and then enter the H4 on a bottom for example.........if you can wait for the H1 , M15, M5, M1 to all bottom also , this would be the ultimate entry point when all TF's have bottomed.
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The More You Learn, The More You Earn.....
  • #5,830
  • Mar 23, 2014 8:42am Mar 23, 2014 8:42am
Quoting nickcnew
Hi Alien and all Alien devotees, Just want to thank Master Alien for this wonderful system although after one full read through the entire thread I am a long way from fully understanding the concept. I believe (I think) that I know what the entry conditions are on any given TF for a trade entry but I am struggling with the MTF analysis. I am now going through the entire thread again and making notes for all aspects of the system. If there is divergence on the Rsioma-DDS on the 1H TF (Long) and 4H and Daily are also Long but Weekly/Monthly is mixed....
To answer your question.......
If there is divergence on the Rsioma-DDS on the 1H TF (Long) and 4H and Daily are also Long but Weekly/Monthly is mixed.

If I want to trade that set up knowing its not grade A, do I then look to the 1M 5M and 15M and wait until all TF's are moving up before entering on the 1H.

it is OK to have mixed Month and week, you would just drop down the best trending TF's you have and trade off of that, we are using the ADX for momentum trading, we don't want to be in a trade sitting and wondering if it is going to take off, we want to know it is taking off and enter then.............

TIP: For those who trade higher TF's H1 and H4 and higher, consider the M1,M5,M15 as a group or One Time Frame, wait for all those small TF's to bottom or Top together before entering a trade. you will see more times that the H1 and H4 will make turns after this group has found their tops or bottoms together........
The More You Learn, The More You Earn.....
  • #5,831
  • Mar 23, 2014 12:19pm Mar 23, 2014 12:19pm
Quoting olcanil
Hi Alien. I am a long time lurker on this wonderful thread. Thank you for everything. I want to get from you an advice related to trading your system live on MT4. I know that you trade on another platform but is there any possible way to trade this on MT4 as I don't really find easy to trade on other platforms beside MT4. You mentioned it before I know, but a more elaborate explanation will be appreciated. Thank you again for what you are doing on this thread.
Welcome olcanil

Most all of my examples come from MT4, this is what my indicators are based on.

White back ground posts are MT4 and the dark back ground which I barely post is Forextrader Pro, I am not sure what is so Pro about it to tell you the truth.....

MT4 gives me more and better information............that is what these systems are set up on................

I read them on MT4 and trade MT4 and other platforms..............
The More You Learn, The More You Earn.....
  • #5,832
  • Edited 12:59pm Mar 23, 2014 12:23pm | Edited 12:59pm
Quoting FerruFx
{quote} One thing I do for the exit is when the 89/144 turned down (closed candle), I set my SL to the high/low of that candle so if the turn was a false one, I'm still in ... if the turn is confirmed (break of the previous candle), I'm out. Keep in mind that the ADX turn down isn't necessary a trend reversal. It is first a price resting.
I think you just pointed out the exact exit rule.
I mean we are speaking about H4 and higher, but maybe Thomasz1 referring to the lower TF!
Per aspera ad astra
  • #5,833
  • Mar 23, 2014 7:23pm Mar 23, 2014 7:23pm
Quoting jpadvisor
{quote} I think you just pointed out the exact exit rule. I mean we are speaking about H4 and higher, but maybe Thomasz1 referring to the lower TF!
Yes in my case it is H4. I am too busy to continue looking for setups on lower TFs. I did at the beginning and that was great but I wasn't able to fully concentrate on my codings !
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,834
  • Mar 23, 2014 7:38pm Mar 23, 2014 7:38pm
Quoting FerruFx
{quote} Yes in my case it is H4. I am too busy to continue looking for setups on lower TFs. I did at the beginning and that was great but I wasn't able to fully concentrate on my codings !
That is is very nice clear exit guideline there FerruFX thanks,

Entered GBPJPY about 30 minutes ago, allready locking in some pips from 168.58 trailing by 26 before going off to bed.
Wanted to ask some opinions on XAGUSD Weekly as a friend of mine is invested to it good. It could be one of 2 options in my opinion it looks like it has bottomed on Weekly a has potential to climb back to its mean, which i figured around 31ish.
but then again also could be another move down.
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  • #5,835
  • Mar 23, 2014 9:04pm Mar 23, 2014 9:04pm
Quoting FerruFx
{quote} Yes in my case it is H4. I am too busy to continue looking for setups on lower TFs. I did at the beginning and that was great but I wasn't able to fully concentrate on my codings !
Codings...!?!? you mean to say you don't have a bunch of robots that make money, you can't run in the back ground ? LOL
The More You Learn, The More You Earn.....
  • #5,836
  • Mar 23, 2014 9:07pm Mar 23, 2014 9:07pm
Quoting jeffmichaels
{quote} That is is very nice clear exit guideline there FerruFX thanks, Entered GBPJPY about 30 minutes ago, allready locking in some pips from 168.58 trailing by 26 before going off to bed. Wanted to ask some opinions on XAGUSD Weekly as a friend of mine is invested to it good. It could be one of 2 options in my opinion it looks like it has bottomed on Weekly a has potential to climb back to its mean, which i figured around 31ish. but then again also could be another move down.{image}{image}
You are kinda in no man's land with the weekly charts, look to lower TF's to see the direction emerge...................
The More You Learn, The More You Earn.....
  • #5,837
  • Mar 23, 2014 9:39pm Mar 23, 2014 9:39pm
Quoting forexalien
{quote} Codings...!?!? you mean to say you don't have a bunch of robots that make money, you can't run in the back ground ? LOL
When I trade, I do it manually !
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,838
  • Edited 1:42am Mar 24, 2014 1:29am | Edited 1:42am
I've been watching this topic, I came across only one question ... Once you enter a trade on any of the above methods, that will rule out of the position at the beginning, if the trade does not go the right side of what was expected ... If you use the ADX 89/144 is to exit from a successful position ... So if you look at the charts, for example: RSIOMA crosses 50% on 1H chart, ADX has all 5 speeds, but after a while 89/144 refuse, but RSIOMA price and still has the right direction? whether it will be a sign to exit? Or do we need to have additional views STO?

I wrote down precise rules for entry, but can not decide to go to the trade that at the very beginning decided to abandon ... Anyone here know that in this business you need clear rules ...

Sorry for my English, I use Google translator...



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  • #5,839
  • Mar 24, 2014 2:00am Mar 24, 2014 2:00am
Quoting HarDRaceR
I've been watching this topic, I came across only one question ... Once you enter a trade on any of the above methods, that will rule out of the position at the beginning, if the trade does not go the right side of what was expected ... If you use the ADX 89/144 is to exit from a successful position ... So if you look at the charts, for example: RSIOMA crosses 50% on 1H chart, ADX has all 5 speeds, but after a while 89/144 refuse, but RSIOMA price and still has the right direction? whether it will be a sign to exit? Or do we need to have additional...
No matter what tell you the other indicators. When ADX is reversing, that means that the price is resting ... and you have no clue at this point if the price will restart up or down. So it is safer to exit here ... and re-enter later when a new setup occur.

BTW, your own ADX histo is fine to know if it is up/down ... but you are missing the most important part of this trading method : the ADXs compression/expansion ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,840
  • Mar 24, 2014 2:09am Mar 24, 2014 2:09am
Quoting FerruFx
{quote} No matter what tell you the other indicators. When ADX is reversing, that means that the price is resting ... and you have no clue at this point if the price will restart up or down. So it is safer to exit here ... and re-enter later when a new setup occur. BTW, your own ADX histo is fine to know if it is up/down ... but you are missing the most important part of this trading method : the ADXs compression/expansion ...

Thank you! You are fully answered my question ...
Indicator do yourself, I can share ... I look at it because it is not visible standard ADX line has to include data window ...
What you mean, I realized with expansion, contraction! Thank you again!

Indicator, if it is useful ...

Attached File(s)
File Type: ex4 ADX.ex4   6 KB | 432 downloads

Attached File(s)
File Type: mq4 ADX.mq4   3 KB | 518 downloads
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