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Price Action Trading with Indicators! The Freebie System

  • #9,001
  • Aug 8, 2017 11:34am Aug 8, 2017 11:34am
Quoting EDDiCTS
Hello,I am a new user.Maybe my question sounds like a BS but i have mention it that i am still NEW and fresh,I'm here for some information about this indicator.I have read all what OP has said but still didn't get it how to use this noob friendly indicator.Need guide.

Which indicator? Or do you mean the EA?

There is both an indicator and an EA. The EA Is used for trading, whereas the indicator is used for visual confirmation. The indicator draws arrows where trades will be taken. The EA should match those arrows. Or you can use the indicator to trade manually.

Look at pg1 and read the approach. That is basically what the EA/indicator will do. Of course the EA/indicator have more things going on. The EA/indicator try to determine the upper TF direction using whatever options are available in the UseAutoTrend pull down menu.

What you can do is setup a 15m chart and slap on the freebie indicator. in the inputs you will see the nPeriods input. That number actually corresponds to days. So set that to 5 days. that will show you the Freebie trades that may of been taken in the last 5 days. I saw my cause you in reality since the Semaphore repaints some of those trades would not of happened or more trades, that are not shows, would of happened. This is due to repainting.

then what you can do is is cycle thru each of the UseAutoTrend selections so you can see how the number of trades change. This will give u an idea of what you are looking at. There are other things you can change.. but I leave that up to you.
Our AWESOME IMAGINATION is the true holy grail!
  • #9,002
  • Aug 8, 2017 11:05pm Aug 8, 2017 11:05pm
Just to make clear. I have not left this project alone. What I mean about the Alien thread is that I think I found a good indicator that can help to detect the Trend very well. The RIOSMA indicator with the rules that Alien left seems to do the job. I have only used it a couple of times but man it was dead on!! So expect to see that one under the UseAutoTrend list in the next version.
Our AWESOME IMAGINATION is the true holy grail!
  • #9,003
  • Aug 8, 2017 11:15pm Aug 8, 2017 11:15pm
Quoting xmess7
Just to make clear. I have not left this project alone. What I mean about the Alien thread is that I think I found a good indicator that can help to detect the Trend very well. The RIOSMA indicator with the rules that Alien left seems to do the job. I have only used it a couple of times but man it was dead on!! So expect to see that one under the UseAutoTrend list in the next version.
Good to see your enthusiasm and always willing to find and put into Ea's systems that make sense
Will keep following your updates
The arriving better than the arrival, the journey has just started
  • #9,004
  • Aug 9, 2017 10:41pm Aug 9, 2017 10:41pm
Quoting xmess7
{quote} the error means that trading is not allowed due to your settings. Make sure that all of your settings have Live trading allowed checked. there are two placed you need to look,,, under OPTIONS and in the property TAB called COMMON. Look at those two spots and find where it tells ya to allow Trades. then make sure they are checked.
i got the answer, and running the test,
thankyou xmess7
  • #9,005
  • Aug 15, 2017 9:23am Aug 15, 2017 9:23am
Hello guys! o7
Is anyone still using the original strategy?
Necessity knows no law except to conquer
  • #9,006
  • Aug 26, 2017 1:15pm Aug 26, 2017 1:15pm
Jess, I couldn't download this zip in your private mail so here it is. This is three weeks of work with $200 in funds and leverage of 100. I think that using high leverage is misleading in that getting a margin call is a result of excessive losses. But in low leverage the possible margin call is the result of excessive number trades that raise the margin to a high level and if you get a call, the only thing lost is the low trade losses. I think that I have been using the leverage incorrectly. So after one more week I will go live and start with low leverage and see if I get the same results. By the way the trade determinant is AutoRSI. Another strange happening is that I have a MA20 @ high and low price and the buy and sell signals seem to revolve and change direction around these averages. This system works best on EURUSD.
Attached File(s)
File Type: zip DetailedStatement.zip   16 KB | 532 downloads
  • #9,007
  • Sep 12, 2017 3:42pm Sep 12, 2017 3:42pm
Quoting keysharp
Jess, I couldn't download this zip in your private mail so here it is. This is three weeks of work with $200 in funds and leverage of 100. I think that using high leverage is misleading in that getting a margin call is a result of excessive losses. But in low leverage the possible margin call is the result of excessive number trades that raise the margin to a high level and if you get a call, the only thing lost is the low trade losses. I think that I have been using the leverage incorrectly. So after one more week I will go live and start with...
thnx lol..
Our AWESOME IMAGINATION is the true holy grail!
  • #9,008
  • Oct 3, 2017 12:01pm Oct 3, 2017 12:01pm
Hi xmess
I'm new in this forum and i'm trying your ea in demo. Results are good.
Can i suggest you some improvements?

1) Hidden SL e TP (better not trust some brokers!)
2) No comments on the order (see number 1)

Thanks and keep up the good work

Alberto
  • #9,009
  • Edited 11:41pm Oct 15, 2017 10:25pm | Edited 11:41pm
Quoting xmess7
{quote} Which indicator? Or do you mean the EA? There is both an indicator and an EA. The EA Is used for trading, whereas the indicator is used for visual confirmation. The indicator draws arrows where trades will be taken. The EA should match those arrows. Or you can use the indicator to trade manually. Look at pg1 and read the approach. That is basically what the EA/indicator will do. Of course the EA/indicator have more things going on. The EA/indicator try to determine the upper TF direction using whatever options are available in the UseAutoTrend...
Hi Xmess7 I am trying out your EA and it does look very promising. I am trading the 15M chart as indicated, one issue I have is that the EA seems to adding trades at 15 minute intervals when the trade is going in your favor. Not what I want - I have set stack trades to default which is 0? Can you help me out as to what settings are correct? Thank you for your help
  • #9,010
  • Nov 7, 2017 2:16pm Nov 7, 2017 2:16pm
Just started using this EA again for the last 2 weeks. Results were good. But for some reason this week it hasnt opened any trades. Ive got it on 8 pairs at the 15m chart. In the previous 14 days of trading it opened about 60 trades but all of the sudden this week not one. I didnt change any settings. Anyone have any ideas as to why?
  • #9,011
  • Nov 8, 2017 4:25pm Nov 8, 2017 4:25pm
Quoting pp22
Just started using this EA again for the last 2 weeks. Results were good. But for some reason this week it hasnt opened any trades. Ive got it on 8 pairs at the 15m chart. In the previous 14 days of trading it opened about 60 trades but all of the sudden this week not one. I didnt change any settings. Anyone have any ideas as to why?
Keep us posted. This week has been slow so perhaps that is afactor. Take a look at your expert log. See if there is anything in there that may indicate missed trades.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #9,012
  • Nov 9, 2017 1:35am Nov 9, 2017 1:35am
Well I ended up just closing all my charts and re loading them all back and now its back making trades. Unfortunately more losers then winners this week but overall im still up.
  • #9,013
  • Nov 17, 2017 3:11am Nov 17, 2017 3:11am
Anyone still trading with this this EA? Had a bad last 2 weeks with it.
  • #9,014
  • Nov 17, 2017 3:33am Nov 17, 2017 3:33am
hey folks (anyone LOL). hey pp22. I have not forgotten about this project.

I have one more scenario I want to attempt. I want to use the Alligator MAs to determine trend direction on the upper TFs.

So this is the scenario. First look at the D1 TF if price closes above the 3 alligator lines then we are Long
Then we go down to the 4HR and look for a candle combination of Long Candle Short Candle. Of course in this case both candles close above the alligator lines.

Once price breaks the candle combination then we are set for LONG and the EA will go down to the 15 minute and look for the entries using the indicators that we been using.

This the idea I want to incorporate. ITs' been working for bitcoin trading. True I usually do not get in anywhere near the bottoms or tops but I do get a descent chunk of the moves.

Ok tis all for now .... See ya soon.


OH pp2, I recommend that if you have two negative days to stop trading for the week. Well this is in the mean time that we get this last feature into the EA.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #9,015
  • Nov 24, 2017 12:54am Nov 24, 2017 12:54am
Quoting Dredding82
Very Easy System!! & SUPER Profitable!! If Traded Properly!!! Why is it called "The Freebie Newbie System"? BECAUSE IT IS FREE & Newbie FRIENDLY!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!READ THE WHOLE THREAD BEFORE YOU POST ANYTHING!!!!!!!!!!!!!!!!!!!!!!!!!! GREEN LINES are Buys....RED LINES are Sells in the pictures attached below! YES THIS IS PRICE ACTION TRADING! HA Candles WILL CONFIRM ANY ....I REPEAT!!! ANY PRICE ACTION SETUP! If you have something to say about repainting indicators....READ MY OTHER THREAD! All ready went over all that BS with...

hey bro, system looks good, can you kindly add template, being trying to set up my charts to look like yours but some indicators dont show. thanks in anticipation
  • #9,016
  • May 9, 2018 8:45pm May 9, 2018 8:45pm
Hello Xmess7 I know it's been awhile but I was wondering if you can change the auto trend from a 20sma to a 200sma for a trend option but do it on the xm_Freebie_EA_51
It's the one you made special changes on for me.
By doing this the EA will only buy when trade setups are above the 200sma
And only sell when trades setups are below the 200sma
Attached Image
  • #9,017
  • May 10, 2018 2:00am May 10, 2018 2:00am
Quoting Checkz
Hello Xmess7 I know it's been awhile but I was wondering if you can change the auto trend from a 20sma to a 200sma for a trend option but do it on the xm_Freebie_EA_51 It's the one you made special changes on for me. By doing this the EA will only buy when trade setups are above the 200sma And only sell when trades setups are below the 200sma {image}

done:

http://xm7.info/ea/freebie/xm7_Freebie_EA_v57.ex4

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #9,018
  • May 10, 2018 2:02am May 10, 2018 2:02am
Last we left this thread we needed some sort of direction at the higher TF. To me that was the only thing missing.
Well I got some new ideas.... that just may do the trick....

Stay tune.... give me like a month and a half or less to return and finish this sucker

Lol

PEACE
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #9,019
  • May 10, 2018 3:51am May 10, 2018 3:51am
Quoting xmess7
{quote} done: http://xm7.info/ea/freebie/xm7_Freebie_EA_v57.ex4 Jess
Thanks Jess
  • #9,020
  • May 10, 2018 3:54am May 10, 2018 3:54am
Quoting xmess7
Last we left this thread we needed some sort of direction at the higher TF. To me that was the only thing missing. Well I got some new ideas.... that just may do the trick.... Stay tune.... give me like a month and a half or less to return and finish this sucker Lol PEACE Jess
I agree we really need some sort of trend direction for this thing to really be profitable. Thanks again.
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