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Price Action Trading with Indicators! The Freebie System

  • #9,141
  • Oct 16, 2018 7:44am Oct 16, 2018 7:44am
Quoting zorran
{quote} Hi xm7- I noticed that the v63 EA does open trades on other dots when set to 3C. Didnt see this with other versions. I will check the new version you uploaded. {image}
Hello Zorran,

Did you solve the problem about indicator v34??
  • #9,142
  • Oct 16, 2018 8:58am Oct 16, 2018 8:58am
Quoting janus64
{quote} Hello Zorran, Did you solve the problem about indicator v34??
Hi Janus-

Nope not resolved.
  • #9,143
  • Oct 16, 2018 1:48pm Oct 16, 2018 1:48pm
Quoting xmess7
{quote} Yep all the UseAutoTrend selection are applied to the corresponding upper timeframe. Somewhere in the thread Dredding mentions the TFs... I forget which post. That post and what we were developing back then was used in the code. Alot history in this code lol

Hi xm7-

Can you please update the EA to use 1H trend for 15m TF and 1D trend for 4H TF? Currently the EA uses 1D trend for 15 min TF and this is too long term. Unless we have a big SL, this trend is not of much use. For 15m TF, 1H trend appears ideal.
The EA checks 4H trend for 1H TF, so that requires NO UPDATE.
  • #9,144
  • Oct 16, 2018 2:59pm Oct 16, 2018 2:59pm
Quoting zorran
{quote} Hi xm7- Can you please update the EA to use 1H trend for 15m TF and 1D trend for 4H TF? Currently the EA uses 1D trend for 15 min TF and this is too long term. Unless we have a big SL, this trend is not of much use. For 15m TF, 1H trend appears ideal. The EA checks 4H trend for 1H TF, so that requires NO UPDATE.
Have ya read the thread ?? lol 15min with 1D trend is what dredding used and he was successful. In fact his stops were no more than 24-30 pips.

i'll take a look at the code and see how this can be implemented... if this is done then it will be up to the user to decide what to use for signal tf vs trend tf.
Our AWESOME IMAGINATION is the true holy grail!
  • #9,145
  • Oct 16, 2018 8:42pm Oct 16, 2018 8:42pm
Quoting xmess7
{quote} Have ya read the thread ?? lol 15min with 1D trend is what dredding used and he was successful. In fact his stops were no more than 24-30 pips. i'll take a look at the code and see how this can be implemented... if this is done then it will be up to the user to decide what to use for signal tf vs trend tf.
Hi xm7-

I did try to read all Dredding posts from both the freebie threads. He does mention a long term trend in many posts but couldn't locate the exact post where he mentions the exact higher TF. Another suggestion, have you tried incorporating the ASCtrend indicator to determine the corresponding higher TF trend. It appears to be pretty consistent for 15M when 1H is considered as the corresponding higher TF.
  • #9,146
  • Oct 17, 2018 2:02am Oct 17, 2018 2:02am
Quoting zorran
{quote} Hi xm7- I did try to read all Dredding posts from both the freebie threads. He does mention a long term trend in many posts but couldn't locate the exact post where he mentions the exact higher TF. Another suggestion, have you tried incorporating the ASCtrend indicator to determine the corresponding higher TF trend. It appears to be pretty consistent for 15M when 1H is considered as the corresponding higher TF.
YEP, ASCtrend was tried. Ya want me to reactivate it? I'll remember the post but not where it is LOL. In fact I still have the original code he was building before I came along and in that he has the TFs as indicated. Anyhow we'll see...
Our AWESOME IMAGINATION is the true holy grail!
  • #9,147
  • Oct 17, 2018 8:01am Oct 17, 2018 8:01am
Quoting xmess7
{quote} YEP, ASCtrend was tried. Ya want me to reactivate it? I'll remember the post but not where it is LOL. In fact I still have the original code he was building before I came along and in that he has the TFs as indicated. Anyhow we'll see...
Hi xm7-

Can you please activate the ASCtrend...please. The best set up would be for 15min TF the EA would look into 1H ASCtrend indicator for trend. So far it has been consistent manually, but I have testing live for only a week. When I sleep the trend usually changes (and since I cant manually reset the EA) it loses.
I am attaching the ASCtrend (risk=6)
Attached File(s)
File Type: ex4 ASCTrend1i.ex4   11 KB | 293 downloads
  • #9,148
  • Oct 17, 2018 9:11am Oct 17, 2018 9:11am
Quoting nave
FOund a bug. The EA open trade on sema 2 dot instead of 3. I attached my set file. Run it on 1hr. {image} {file}

Hi Nave-

Were you able to resolve this issue?
  • #9,149
  • Oct 17, 2018 7:36pm Oct 17, 2018 7:36pm
Seems like on 1 pair I attached the EA on have this bug. The rest of the pairs are working ok.
  • #9,150
  • Oct 17, 2018 9:15pm Oct 17, 2018 9:15pm
Quoting nave
Seems like on 1 pair I attached the EA on have this bug. The rest of the pairs are working ok.
Nave:
I will still look into it. I that pair if I recall it was USDSDG, have never tried EA or indicator on any other pairs other than the popular once.
It should not make a difference cause the data collected is the same, I mean in the sense of applying the 3semafore .

For the EA this is what I do. When a new candle starts I have the EA look back 70 candles and collect a list of what dots (if any) are above or below the candle.

So you will have a list like this (this is only an example pretend that these are all major 3dots [High,Low]):
0 , 0
0 , 0
0 , 1.2345,
0 , 0
0 , 0
1.5564, 0
.
.
.
etc etc 70 times

So you see by the time he EA analyzes the signal candle it already has 70 data points and it can tell how car back the LAST 3 dot candle for any HA color (red/green) is. And of course the rest of the stuff is looked at (stochs and trend etc).

What I am going to do is look at that currency you showed and have the EA log the list... and see why it decided to pick a 2 Dot... it should not of done that since that list is very specific in the positions of the comma (High dot value, Low Dot value). Unless the EA grabbed the wrong dots that should not of happened. This has been tested many time over MANY years LOL..

PEACE

Oh dude please tell what your approach is. All we know is the you work on 1 hr and only use the 3sema Dots not pivots.

Thnx
J
Our AWESOME IMAGINATION is the true holy grail!
  • #9,151
  • Oct 17, 2018 9:32pm Oct 17, 2018 9:32pm
Quoting zorran
{quote} Hi xm7- I did try to read all Dredding posts from both the freebie threads. He does mention a long term trend in many posts but couldn't locate the exact post where he mentions the exact higher TF. Another suggestion, have you tried incorporating the ASCtrend indicator to determine the corresponding higher TF trend. It appears to be pretty consistent for 15M when 1H is considered as the corresponding higher TF.
What are the inputs you use for the ASCtrend indicator? Default? I am going to add it but it will use the H1 for the higher TF for when you are on the M15.
Just let me know what the input settings u are using.
Our AWESOME IMAGINATION is the true holy grail!
  • #9,152
  • Oct 17, 2018 9:53pm Oct 17, 2018 9:53pm
EA UPDATE v64

I went ahead and updated the EA to include the ASCTrend1i indicator. The defaults it is using are Risk-6, barcount=0.
When you use the EA on the M15 the ASCTrend will be setup for the H1 TF.

Please let us know how your findings come along.

Thnx
JEss
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v64.ex4   187 KB | 564 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #9,153
  • Edited 11:02pm Oct 17, 2018 10:16pm | Edited 11:02pm
Quoting xmess7
EA UPDATE v64 I went ahead and updated the EA to include the ASCTrend1i indicator. The defaults it is using are Risk-6, barcount=0. When you use theT EA on the M15 the ASCTrend will be setup for the H1 TF. Please let us know how your findings come along. Thnx JEss {file}
Thank you xm7-

really appreciate it. Will test it
  • #9,154
  • Oct 17, 2018 11:22pm Oct 17, 2018 11:22pm
I use 1hr entry because after running a few weeks and found more quality trades. With HA+semafor and another indicator like Stoch is good enough for entering a trade. Pivot are added confirmation of rejection, can be good but miss out profitable trades too.
I use only semafor 3 dots because the EA do not have option for sema 2 & 3 dots and I do not want to use sema 1 dots.
There will not be a perfect EA which operate in a dynamic environment but as long as winner outweight loser, it is a very good EA.

The attached show a situation when downtrend consolidation, formed a low which showed sema 3 dot. Next candle formed a doji just to make the EA activate the buy trade. Most likely will hit stoploss. Well, the EA following exact rules which we set. We just need to accept losses but as long as win>lose, it is very good.
Attached Image
  • #9,155
  • Oct 26, 2018 12:49pm Oct 26, 2018 12:49pm
Hi xm7-

I tested the v64 for about a week but the results were not much better than the other versions and number of trades taken were less. Its not an issue with the EA its just the rules didnt suit the current market. I have one more request. Can you pls add a option to close at next 3 dot. I know you had an option of closing at any dot before but this would be a better choice.
  • #9,156
  • Oct 26, 2018 9:41pm Oct 26, 2018 9:41pm
Started 3000 account on 1st Oct ended yesterday with profit of 221, about 7%. 3rd week was bad, returning almost 5% back after making 8% for the first 2 weeks. Luckily the last week recouped back 4%.
3 more days to go before 1 full month. Lets see how the EA fare.
I am still using 1H chart with sema 3 dot entry without pivots.
  • #9,157
  • Oct 26, 2018 10:18pm Oct 26, 2018 10:18pm
Quoting nave
Started 3000 account on 1st Oct ended yesterday with profit of 221, about 7%. 3rd week was bad, returning almost 5% back after making 8% for the first 2 weeks. Luckily the last week recouped back 4%. 3 more days to go before 1 full month. Lets see how the EA fare. I am still using 1H chart with sema 3 dot entry without pivots.
nave:
I think you are on to something. I don't have time at the moment, but if you continue to see profit with your setup, then later on I will test it with certain MM rules and etc that I use. As long as you are ahead the loses DO NOT MATTER. If you lose and still ahead by the end of the month thru all types of markets then you are fine. so dont worry to much of a "bad" week... in reality its just a pause in your progress..

I assume the preset you provided is what you are using correct?

Thnx
J
Our AWESOME IMAGINATION is the true holy grail!
  • #9,158
  • Oct 26, 2018 10:19pm Oct 26, 2018 10:19pm
Quoting nave
I use 1hr entry because after running a few weeks and found more quality trades. With HA+semafor and another indicator like Stoch is good enough for entering a trade. Pivot are added confirmation of rejection, can be good but miss out profitable trades too. I use only semafor 3 dots because the EA do not have option for sema 2 & 3 dots and I do not want to use sema 1 dots. There will not be a perfect EA which operate in a dynamic environment but as long as winner outweight loser, it is a very good EA. The attached show a situation when downtrend...
Our AWESOME IMAGINATION is the true holy grail!
  • #9,159
  • Oct 26, 2018 10:46pm Oct 26, 2018 10:46pm
Quoting nave
Started 3000 account on 1st Oct ended yesterday with profit of 221, about 7%. 3rd week was bad, returning almost 5% back after making 8% for the first 2 weeks. Luckily the last week recouped back 4%. 3 more days to go before 1 full month. Lets see how the EA fare. I am still using 1H chart with sema 3 dot entry without pivots.
Hi Nave-

How many pairs are you running the EA on?
  • #9,160
  • Oct 27, 2018 8:53pm Oct 27, 2018 8:53pm
Quoting xmess7
{quote} nave: I think you are on to something. I don't have time at the moment, but if you continue to see profit with your setup, then later on I will test it with certain MM rules and etc that I use. As long as you are ahead the loses DO NOT MATTER. If you lose and still ahead by the end of the month thru all types of markets then you are fine. so dont worry to much of a "bad" week... in reality its just a pause in your progress.. I assume the preset you provided is what you are using correct? Thnx J
Yes. Still using the preset previously attached.
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