1min scalping using mtf ALF by bbolss

Hello everyone, sorry 4. My first level of English

I just wanted to share with you a system I started using last week and in my opinion it's absolutely beautiful, it still needs some work filtering out bad signals but the losses are always small and the wins can be huge! So what else do we need?

But first I want to say a big thank you to Lou G for writing ALF


Edited and updated to v2 on June 25, 2010 =]

Entry rules: Generally speaking, it depends on your qualifications!
What is important is that the price crosses ALF (normal and mtf) and the alf mtf does not rise significantly when we go short and does not fall significantly when we go long it works sometimes but very slowly

Rest is up to you!
We have 2 osma's, one showing osma 5 minute malt liquor and one normal we have a MACD, one mtf set to 5 minutes and one normal 1 minute

Generally speaking, I prefer entries in both directions like here: Everything is down, so we go short
http://img717.imageshack.us/img717/9679/przyklad11.gif

But as we all know MACD is based on movin avagres the witch is LAGGY
So sometimes we can only enter the osma direction for 5 minutes and 1 minute
MACD should slowly return to 0 like here
http://img340.imageshack.us/img340/5098/przyklad3.gif
For re-entries I prefer signals from the 1 minute osma, if you wait for a break above the last high/low, everything else is up to you. If the last high/low was at least 5 pips, then if it's just 2t or 2b, is it better to risk it and take 5 pips?
Like here:
http://img10.imageshack.us/img10/2337/re1k.gif http://img408.imageshack.us/img408/9323/2reenry.gif

There is 2 ma and also 50 and 200, you can use the 200 ma as a long only/short only filter, but again the MA ar lags so you don't have to do that if you feel like trading!
Remember, trading is never 100% mechanical! You have to know the basics of PA and get a feel for the industry!
ma 50 as s/r level

Exit: completely random! Usually based on PA
I like to exit half way at +10 and then rest for 5 minutes alf touch (or cross ma 50) (if I enter based on both MACD and OSMA)
If I only enter osma I usually close the position at +10 or I see the pa will reverse or where it crosses alf again is never 100% mechanical

We also have candles on the chart, which color the chart, just to see the trend, even a small one, without drawing any lines etc. You can wait for the green/red candles if you want, but you don't have to...

Watch out for divs on exit sometimes, and be careful during news - no system witch can predict the news =]

temp is for EU settings, if you want other currencies you may have to change the max and min of osma and MACD. But the important thing is that the maximum and minimum values ​​are the same - see 0 levels and normal values ​​on mtf in one place!

If you like my system please rate again I don't know why we only have 4 stars..

Edit 2 A lot of people asked about chat rooms etc. I don't know if it's a good idea but let's try it...
go there
http://spikeria.pl/room/bbolss/
Enter any nickname pass is "1 minute", no "" off course =]

Also read this
http://www.forexfactory.com/showpost.php?p=3802688
And this
http://www.forexfactory.com/showpost.php?p=3802708
Very useful stuff!

Edit v3 beta version in this article on July 17, 2010
http://www.forexfactory.com/showpost...&postcount=552

So what do you think?
I'd love to see comments/ideas on how we can develop the best scalping strategy ever!