Money management with the EA — The Money Management in the EA ... If AutoMoneyManagement is set to false then the Lots value is used as the default lot size amount. If AutoMoneyManagement is set to true (the default) then Lotsize is calcluated ...

PM Forex Strategy

Try this EA — I whipped this EA out for you guys. I only tested it via the strategy tester so please forward test. I was a bit confused by your Lot size rules so i used a standard formula instead. Since no source code for the NonLagMA ...

PM Forex Strategy

Some help on how I would have traded that signal — Standard ALF as I understand it. A signal occured For a Short Entry @ 1.2041. This is against the recent strong uptrend and should be considered a counter-trend trade and should not be taken ...

ALF revisited - simple, effective daytrading

Basic chart — Attached is the "Basic" Chart for that time period (from FXDD) you were asking about. As you can see (in my highlights), If you Check the value for the TVI (by running the mouse over the indicator for each bar) you can see that ...

ALF/TVI - Simple, effective daytrading

Mis understood question — Sorry, I misunderstood the question. The Volume function in MT4 is a contraversial issue. It can be radically different for different Brokers. It shouldn't be, it just is. Most Brokers have similar volume numbers ...

ALF/TVI - Simple, effective daytrading

TVI Indicator — A quote from Lou's first post on the TVI indicator "TVI measures the relationship between incoming ticks for a given volume. If upticks outnumber downticks the TVI rises, and vice-versa." Because of the math involved price can ...

ALF/TVI - Simple, effective daytrading

simple answer — Simple, I was not trading at that time. Mark

ALF/TVI - Simple, effective daytrading

Easy trade — An Easy Trade, Price crossed upwards over ALF, TVI pointed in right direction (up). The previous session had kinda been ranging. Stop Loss and TP both set at 20 pips. I did wait till previous high of 1.2350 had been broken by a ...

ALF/TVI - Simple, effective daytrading

Thanks again — Lou, I wish to express sincere thanks for your efforts in developing this method, its indicators and this thread. All of us are better for it. To any who are still struggling with this method, try rereading the thread from the ...

ALF/TVI - Simple, effective daytrading

Counter Trend Trade in Late NY morning Session — Here is a counter Trend trade I took in the Late NY morning Session. All the standard ALF / TVI rules apply : Cross downward of Price over ALF, with TVI pointing (red) short as well. Current ...

ALF/TVI - Simple, effective daytrading

I did not take the 8am NY session signal... — A couple of reasons why I did not take that 8am NY session Short signal. 1. The short signal candle closed down over an upwards sloping TVI line. This is because the short term trend was up. This ...

ALF/TVI - Simple, effective daytrading

Here is the trade I entered... — Entered later than on Lou's chart but still ran for +20 pips. Short term Uptrend (from London session mostly), break of previous resistance. Target at round number and I have observed that price usually over ...

ALF/TVI - Simple, effective daytrading

wishy washy tight range — Today is so wishy washy in such a tight range (40+ pips at the time I wrote this). Looks like I can clean the garage today ... LOL Mark

ALF/TVI - Simple, effective daytrading

For those who follow the rules... — What if game .... (lol) If I had stayed with the basic rules (10 pip stop, 20 pip tp), my trade would have been back in profit now. And would have closed when price hit my target of 1.2741. LESSON : Stick to ...

ALF/TVI - Simple, effective daytrading

Stopped out for +0 pips — Stoppped out for +0 pips. My stops are probably too tight... with news being so minor. Mark

ALF/TVI - Simple, effective daytrading

In Progress — A Classic Alf/TVI trade in Progress Once +10 pips I set the trade to a stop exit of Break even since News is upcoming and price momentum has stalled a bit.

ALF/TVI - Simple, effective daytrading

a second one for today — I am trying to get used to the new TVI Candles Indicator (Great job Lou ). Here is my second trade. Review, Standard ALF /TVI entry, broke ALF, TVI in correct direction, broke support, broke london close. I was ...

ALF/TVI - Simple, effective daytrading

followed the rules ... — I followed the rules and still made my +20 pips quick. I was a bit concerned with the lack of news today (other than US supreme court nomination) and the fact that price has not yet closed the gap from sunday.

ALF/TVI - Simple, effective daytrading

The MT4 code is clean and well written — Lou, Your MT4 code is clean and well written and is written as it should be. The bug I think is in MT4. BTW, On my platform the bug does fix itself after a bit. I am using version 4 build 255 from FXDD. ...

ALF/TVI - Simple, effective daytrading

Quick trade for +20 pips — Hey all, A Quick +20 pips. I took this trade because price bounced down off of the ALF, TVI was in the proper direction. I realized I was trading into a previous support but the support area was big enough that with ...

ALF/TVI - Simple, effective daytrading