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Alien's Extraterrestrial Visual Systems

  • #8,781
  • Dec 3, 2014 8:00am Dec 3, 2014 8:00am
Quoting Pipskateer
{quote} Thanks Jpadvisor, Did you plot that chart from your own data on Excel or some other source? As long as your values reflect full coverage of your transaction costs, then those parameters will be profitable. Personally, I want a bit more cushion on the minimum RR, so I shoot for all trades with a minimum of 2R. My aspirations for this system are that better than 2R is possible, but that will be my minimum. With 2R trades, if you can achieve even a 60% win rate, you will generate almost 120% ROI every 100 trades with 1% risk per trade.
Hi pipskateer,

I'm a great fan of money and risk management theory myself, and have been struggling with implementing them in this method as well.

Where I'm at now :
-try to find a large TF setup : H1 or higher
-drop down a timeframe and look/wait for a setup in the same direction, put stoploss level at last swing high/low
-when the setup on the lower TF starts moving (ADX), the number of pips between spot and SL level = 0.5% of capital

It often happens the big setup doesn't start along with it yet, but i can usually manage to grab a couple pips from the small timeframe (far from ideal, likely a 0.5 reward/risk), but it does set me up for great RR values when the larger TF starts out.

It boils down to using a M15 size SL for a H1 size move. The fakeouts that dont work out are mitigated by the tiny amount of capital at risk.
The game taught me the game. And it didn't spare me the rod while teaching.
  • #8,782
  • Dec 3, 2014 8:10am Dec 3, 2014 8:10am
I wonder if you have any generous soul who is using an EA based on alien system, I am looking for some and can not seem to find any with precision
with adx, stochastic, rsioma
Thanks if someone can answer me, has good pips green
  • #8,783
  • Dec 3, 2014 8:52am Dec 3, 2014 8:52am
Hi..i wonder how do u guys called the price has find its bottom for each tf..greenstoch below 20? Thanks
FXerha
  • #8,784
  • Dec 3, 2014 9:32am Dec 3, 2014 9:32am
Big potential setup. GBPAUD DS long trade on DAILY.
  • #8,785
  • Edited 11:36am Dec 3, 2014 9:59am | Edited 11:36am
Quoting hugomarques
I wonder if you have any generous soul who is using an EA based on alien system, I am looking for some and can not seem to find any with precision with adx, stochastic, rsioma Thanks if someone can answer me, has good pips green
Hi, Master Alien was working on a EA, but I don't think it has ever been released.
Per aspera ad astra
  • #8,786
  • Dec 3, 2014 10:46am Dec 3, 2014 10:46am
Quoting Squiggles
Hi and thanks to all here, my first trade using Alien's Grade A system, is not grade A entry, early short USDCAD Xcross on H4, Also please can someone advise on best ADX min, max ?
Took 50 pips so was quite nice first trade, would still like to know about ADX min max settings, anybody ?
  • #8,787
  • Dec 3, 2014 10:58am Dec 3, 2014 10:58am
Quoting jpadvisor
{quote} Hi, Master Alien was working on a EA, but I don't think it has never been released.

Maybe will not be, must be for personal use.
anyway I have nothing to complain, what we have here is rewarding for our negotiations
thanks for answering friend jpadvisor
  • #8,788
  • Dec 3, 2014 11:42am Dec 3, 2014 11:42am
Quoting Squiggles
{quote} Took 50 pips so was quite nice first trade, would still like to know about ADX min max settings, anybody ?
Hi Squiggles, we prefer to let ADX setting unfixed. Anyway best trades are when all ADX contract under 10 before expanding.
Per aspera ad astra
  • #8,789
  • Edited 12:35pm Dec 3, 2014 11:46am | Edited 12:35pm
Quoting FXerha
Hi..i wonder how do u guys called the price has find its bottom for each tf..greenstoch below 20? Thanks
Hi FXerha, "bottoming" is when all three Stochastics are flattered to ground in their window.
Per aspera ad astra
  • #8,790
  • Dec 3, 2014 12:05pm Dec 3, 2014 12:05pm
Quoting jpadvisor
{quote} Hi Squiggles, we prefer to let ADX setting unfixed. Anyway best trades are when all ADX contract under 10 before expanding.
thx Budd
  • #8,791
  • Dec 3, 2014 7:05pm Dec 3, 2014 7:05pm
Quoting jpadvisor
{quote} Nope,it's not mine. It's extracted from the link posted. I have not enough record for this system but I do think, like you, that with some setups, we could go far better than 1:2. I saw you are very keen on MM and your contibution will be much appreciated. P.S. Look at this setup I posted on august 19. {image}
I feel I'm hardly qualified to evaluate these setups Jpadvisor, but based on what little I know yet it looks like a good one...everything seems to be turning up, ADX's, RSIOMA, Stochs all pointing upwards with BB-Squeeze. Too bad we didn't have this method back in October of 2012 before that nice run up on UJ for about 2300 pips! These are the kinds of runs I want to get hold of! You and several others in this thread have really done well learning it and Alien has done a fabulous job of presenting and teaching his material. Very exciting stuff!

I spent several years working towards getting my MM priorities lined out. If there is a grail, it will at least involve MM. I am convinced that you can't have a winning, profitable system without considering the underlying mathematics of MM involved.

Quick MM lesson: There are three main math factors involved in good MM and the trader can only control TWO of them, but many traders ignore their greatest control over these VITAL business functions.

1. Risk Per Trade (Trader SHOULD control this!)
2. Reward to Risk Ratio (Trader SHOULD control this!)
3. Win/Loss Ratio (MARKET mainly controls this, but trader can take action to improve this!)

Most traders fail to adopt any fixed parameters for Risk Per Trade or Reward to Risk Ratio and instead choose to focus on systems they believe will give them high win rates, usually at the expense of the other two factors. Win rate alone is nothing....Reward/Risk Ratio alone is nothing...Risk Per Trade is nothing....all three blended together PURPOSELY in the right combination will produce nice profits or sink your ship if ignored! This is why I select my MM parameters as a MINIMUM of 2R and 1% Risk Per Trade. I can then fit that math to any "system" or trading method I choose and as long as I can generate at least 60% win rate then I know IN ADVANCE what my profitability will be....119% for every 100 trades.

If you go with fixed parameters for Risk Per Trade and Reward to Risk Ratio, then you can focus your attention on doing things within your trading system to improve your win rate, but WITHOUT compromising your predetermined MM Math parameters. I'll talk more about it later if anyone is interested. I think there are great things to be done with Alien's system with good MM applied, but I am waiting eagerly to hear what good things Alien will bring forward on the topic.
  • #8,792
  • Dec 3, 2014 7:24pm Dec 3, 2014 7:24pm
Quoting yaysayer
{quote} Hi pipskateer, I'm a great fan of money and risk management theory myself, and have been struggling with implementing them in this method as well. Where I'm at now : -try to find a large TF setup : H1 or higher -drop down a timeframe and look/wait for a setup in the same direction, put stoploss level at last swing high/low -when the setup on the lower TF starts moving (ADX), the number of pips between spot and SL level = 0.5% of capital It often happens the big setup doesn't start along with it yet, but i can usually manage to grab a couple...
Same here Yaysayer! You can have a fabulous system, but the minute you ignore the money management you will trash your account eventually. For me, MM is just not optional. It is darn near a holy grail in and of itself.

What you are doing is logical and it's good that you are using very small Risk Per Trade. Just keep in mind that if you have a group of ten winning trades, but 5 of those trades returned 0.5:1 Reward/Risk and the other 5 trades return 2:1 Reward/Risk then you end up with a blended, diluted Reward Factor of 1.25:1. This is why I prefer to use a fixed Reward/Risk factor for all trades if possible and at a minimum of at LEAST 2:1. Anything less than 2:1 places a heavy win rate burden on your trading system. Agreed, it is more difficult (theoretically) to win a 2:1 trade versus a 1:1 or lower trade, but the math of compounding is so much more in your favor when your minimum standards are better than 1:1.
  • #8,793
  • Dec 4, 2014 4:01am Dec 4, 2014 4:01am
Quoting Profit Daily
Big potential setup. GBPAUD DS long trade on DAILY.
hi profit daily !
could you post your screen regarding this setup .. all i see is rsioma around 50 line - that is
as far as i know "sit on your hands" situation :-)
  • #8,794
  • Edited 5:45am Dec 4, 2014 4:03am | Edited 5:45am
Quoting Pipskateer
{quote} I feel I'm hardly qualified to evaluate these setups Jpadvisor, but based on what little I know yet it looks like a good one...everything seems to be turning up, ADX's, RSIOMA, Stochs all pointing upwards with BB-Squeeze. Too bad we didn't have this method back in October of 2012 before that nice run up on UJ for about 2300 pips! These are the kinds of runs I want to get hold of! You and several others in this thread have really done well learning it and Alien has done a fabulous job of presenting and teaching his material. Very exciting...
Thank you for your advices Pipskateer.
If you are looking for the black swan I think you are in the right place. IMHO If you get hold of this system you'll find it.
There are very powerful setup like DS trades; slingshot on Stochastics and X Cross trades.
Regarding the USD/JPY trade on weekly that I called on 8.18.14, it run to date almost 1750 pips.
The pity is that I hadn't a good risk and money management. So I risked 100 and collected 100.
Yes, I reentered the trade other times, but maybe I collected 500 total and not 1750.
Now I realize I could have done much better with Tstops and an higher R/R.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYWeekly.png Size: 96 KB
Per aspera ad astra
  • #8,795
  • Dec 4, 2014 6:44am Dec 4, 2014 6:44am
Thanks for your system Mr.Alien

Been a lurker for a while and still hanging myself for more info.Will be delurk myself once tested your system.

Mr.AG
  • #8,796
  • Dec 4, 2014 5:16pm Dec 4, 2014 5:16pm
Quoting jpadvisor
Thank you for your advices Pipskateer. If you are looking for the black swan I think you are in the right place. IMHO If you get hold of this system you'll find it. There are very powerful setup like DS trades; slingshot on Stochastics and X Cross trades. Regarding the USD/JPY trade on weekly that I called on 8.18.14, it run to date almost 1750 pips. The pity is that I hadn't a good risk and money management. So I risked 100 and collected 100. Yes, I reentered the trade other times, but maybe I collected 500 total and not 1750. Now I realize...
Wow! Very nice Jpadvisor! I hadn't checked the UJ chart to see current PA when I first commented, but yes, that move is every bit as good as the one in 2012! Good on you for getting 500 out of it. But can you imagine risking 100 pips and staying in that trade for the full 1700 pip gain....and adding to your position along the way?? That is the kind of trading that will make you wish you'd started trading like that 30 years earlier! 17:1 Reward/Risk! This is what I want to do!
  • #8,797
  • Dec 4, 2014 5:50pm Dec 4, 2014 5:50pm
Quoting Pipskateer
{quote} Wow! Very nice Jpadvisor! I hadn't checked the UJ chart to see current PA when I first commented, but yes, that move is every bit as good as the one in 2012! Good on you for getting 500 out of it. But can you imagine risking 100 pips and staying in that trade for the full 1700 pip gain....and adding to your position along the way?? That is the kind of trading that will make you wish you'd started trading like that 30 years earlier! 17:1 Reward/Risk! This is what I want to do!
Indeed it is wonderful to see a run like that.
Because of my job,those are the trades that i'm looking for. A setup and then adding more along the way to make a boat load.
Work smarter,not harder
  • #8,798
  • Dec 4, 2014 6:20pm Dec 4, 2014 6:20pm
AUDNZD short 4hr DS trade
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH4.png Size: 70 KB
  • #8,799
  • Edited Dec 5, 2014 6:37pm Dec 4, 2014 10:31pm | Edited Dec 5, 2014 6:37pm
Quoting marcof91
{quote} Indeed it is wonderful to see a run like that. Because of my job,those are the trades that i'm looking for. A setup and then adding more along the way to make a boat load.
I would say there are also a lot of quality, high RR pips to be made in the meantime until those big setups come around. But I want to be able to spot these higher TF setups before they begin to move just like jpadvisor, FerruFx and many others who have been here since last year.

From what I've seen in this thread so far, the ability to fine tune entries to avoid large floating draw-downs is there. Just have to finish doing my reading and get busy doing some charting!
  • #8,800
  • Dec 5, 2014 12:17am Dec 5, 2014 12:17am
I am trying to learn by analaysis

USDCAD Daily
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 84 KB

BBS on the way
RSioma flat on 80
DS cross back to 80
Looking for Long

USDCAD H4
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot6.png Size: 80 KB

RSioma flat below 80
DS cross down to 20 and crossing back to up position,possible DS Trade

USDCAD H1
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot7.png Size: 81 KB

BBS just breakout few hours ago
RSioma pointing up and got into 80 area
DS already went into 80 area before RSioma
833Stoc on the way back to 50 area, which oppisite direction with 211010Stoc,possible X Cross trade

USDCAD M15
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot8.png Size: 76 KB

BBS squeezing
RSioma tend to drop down from 80 area
DS start to drop down from 80 area
Possible LONG trade for DS Trade.
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