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Price Action Trading with Indicators! The Freebie System

  • #3,561
  • Jul 7, 2011 7:04pm Jul 7, 2011 7:04pm
Quoting jasjit
I am having to learn an awful lot of things in a short span of times.


the trade I posted for review had already been completed and closed before I posted it. I just wanted to see if I had done it right. If you could have a look I would appreciate it.
First, do not think you have to learn everything quickly or you will miss out. Unless we have a total financial collapse in the world you will find plenty of opportunities to trade. Slow down, learn right.

Second, again I am not the expert. I do not feel qualified yet to judge anyone else's trades.
  • #3,562
  • Edited 8:40pm Jul 7, 2011 7:24pm | Edited 8:40pm
Here is the new tpl files with the indicators needed so you do not have to look for a daily range indicator which also shows lines at the possible high/low. You do not have to wonder or remind yourself when reports are coming out there is an indicator attached, there is also an indicator to show which markets are currently open or closed. I have also included a few pivot indicators that you can set true/false for standard or fib pivots and also Level indicator for people that like round numbers and 1/4,1/8 levels...IF you do not know how to use them or what TF to use them on...YOU NEED TO BE SHOT! SO DONT ASK! PERIOD!. And you have to attach your trend indicator if you do not wish to use the MTF HA subwindow indicator which is in this zip file and the templates.

I have made 3 different ones...see the pics attached below each is named for which template it is. AND PLEASE DO NOT!!! add every fricking pivot indicator to one chart! The reason there is more then one is so you can USE IT ON DIFFERENT CHARTS!

**Edit*** Updated the zip file to include a zip with pivots and a level indicator. All of this has also been added to the #1 post.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: freebie newbie pa.jpg Size: 102 KB
Click to Enlarge Name: freebie newbie sw ha.jpg Size: 104 KB
Click to Enlarge Name: freebie newbie.jpg Size: 103 KB
Attached File(s)
File Type: zip Freebie Newbie System.zip   172 KB | 1,440 downloads
  • #3,563
  • Jul 7, 2011 7:36pm Jul 7, 2011 7:36pm
Quoting Dredding82
Here is the new tpl files with the indicators needed so you do not have to look for a daily range indicator which also shows lines at the possible high/low. You do not have to wonder or remind yourself when reports are coming out there is an indicator attached. You must still add your own pivots you wish to use for now, i will attach a file later with different pivots and even a level indicator as some like the round numbers. And you have to attach your trend indicator if you do not wish to use the MTF HA subwindow indicator which is in this zip...
Looks Good, I like!
Damn The Torpedoes, Full Speed Ahead!
  • #3,564
  • Edited 8:19pm Jul 7, 2011 8:03pm | Edited 8:19pm
Quoting frontline141
Hi Dreddings, I'd like to ask, in the "Freebie Histro Signal" indicator, what is the meaning about "Filter" in the setting ? ( default is set to TRUE)

I try not to starring at the chart all the time and want to only "asked" by the sound alert, but I found that the "Freebie Histro Signal" only alerts when there is "Freebie Signal" but not when every HA bar color changing.... (it will cause missing some good trades !) is there any setting or other alert in indicator can help?

Thanks alotS !!
Ok, first the Filter setting will not show a bar if the Stoch is >50 going up and <50 going down. That is, if you only want to see a signal when Stoch is crossed up for a Buy but ONLY if it is in the lower half (over sold), and vice versa.

Second, I have modified the Freebie Histo to show lighter bars ANY time HA is up and Stoch is up, and vice versa. Here is it. Currently, it only plays a sound if you use On Close but will still pop up a window. If you want to change that, just PM me and I'll explain. (you will have to do a little work, you know, this is Forex!)
Attached Image (click to enlarge)
Click to Enlarge Name: histo2.JPG Size: 42 KB
Attached File(s)
File Type: mq4 Freebie Histo Signal2.mq4   9 KB | 531 downloads
  • #3,565
  • Jul 7, 2011 8:08pm Jul 7, 2011 8:08pm
Quoting ericjschroed
Ok, first the Filter setting will not show a bar if the Stoch is >50 going up and <50 going down. That is, if you only want to see a signal when Stoch is crossed up for a Buy but ONLY if it is in the lower half (over sold), and vice versa.

Second, I have modified the Freebie Histo to show lighter bars ANY time HA is up and Stoch is up, and vice versa. Here is it. Currently, it only plays a sound if you use On Close but will still pop up a window. If you want to change that, just PM me and I'll explain. (you will have to do a little work, you know,...

Thanks ericjschroed...was going to get around to that but was trying to get these tpl set up and watching my TV shows... I love Burn Notice!
  • #3,566
  • Jul 7, 2011 8:08pm Jul 7, 2011 8:08pm
Quoting Dredding82
Here is the new tpl files with the indicators needed so you do not have to look for a daily range indicator which also shows lines at the possible high/low. You do not have to wonder or remind yourself when reports are coming out there is an indicator attached. I have also included a few pivot indicators that you can set true/false for standard or fib pivots and also Level indicator for people that like round numbers and 1/4,1/8 levels...

**Edit*** Updated the zip file to include a zip with pivots and a level indicator. All of this has also been...
Dude! Are ya getting soft? Givin' all this stuff away for free! BTW, where's the #1 post?
  • #3,567
  • Jul 7, 2011 8:17pm Jul 7, 2011 8:17pm
Quoting ericjschroed
Dude! Are ya getting soft? Givin' all this stuff away for free! BTW, where's the #1 post?
Nopes...letting the people that really want to learn and use the indicators get them but the pivots wont be there long...they are only the ex4 files anyways lol

I have no CLUE where the #1 post could be?
  • #3,568
  • Jul 7, 2011 8:23pm Jul 7, 2011 8:23pm
Quoting Dredding82
I have no CLUE where the #1 post could be?
I think it was left behind when the thread was in Trading Systems! But I can't remember! Haha!
Damn The Torpedoes, Full Speed Ahead!
  • #3,569
  • Jul 7, 2011 8:52pm Jul 7, 2011 8:52pm
I'm gonna post this indicator I created (mentioned before) to see if it helps anyone else or maybe can offer suggestions to improve it. It's in the upper right corner. It shows the next 2 higher TFs except in M15 because the higher one on the chart is the D1. It currently doesn't show on M5 (because Paulus is only focused on the Here and Now!) and of course not the MN.

Basically it's my interpretation of the ZZ3 and how that suggests the (higher) trend to me.

If (on the higher TF) there's a 3 at the bottom followed by 1 dot (never counting the current bar), then it's either a possible weakening downtrend (angled light red arrow) if the dot after the 3 is lower than the dot before the 3, and a possible trend change to the upside (dark green angled arrow) if the dot after the 3 is Higher than the one before the 3.

If there are at least 2 dots after the 3 (not both on the same candle which sometimes happens), then it's a classic 1-2-3 and I call that a strong (Up) trend with a bright green arrow straight up.

Also, if the last dot (low)(not counting current) is a 3, then the trend doesn't change unless the current Close is higher than the last dot before the 3, which I call a runaway market, so it is also a Bright Green arrow straight up.

Reverse all explanations for opposite configs.

One question is, do You follow the higher trend of the next higher TF or the higher TF as indicated by the chart separators?

If I get more than a few comments, I would suggest PMing me.
Attached Image (click to enlarge)
Click to Enlarge Name: zz3trendpic.JPG Size: 45 KB
Attached File(s)
File Type: mq4 ZZ 3 trend.mq4   14 KB | 485 downloads
  • #3,570
  • Jul 7, 2011 9:00pm Jul 7, 2011 9:00pm
Quoting ericjschroed
I'm gonna post this indicator I created (mentioned before) to see if it helps anyone else or maybe can offer suggestions to improve it. It's in the upper right corner. It shows the next 2 higher TFs except in M15 because the higher one on the chart is the D1. It currently doesn't show on M5 (because Paulus is only focused on the Here and Now!) and of course not the MN.

Basically it's my interpretation of the ZZ3 and how that suggests the (higher) trend to me.

If (on the higher TF) there's a 3 at the bottom followed by 1 dot (never counting...

Thanks alot man!
  • #3,571
  • Jul 7, 2011 9:44pm Jul 7, 2011 9:44pm
I appreciate the indi collection, Dred.

I've been try to track down a MTF HA for a couple weeks now that doesn't crash my platform. Your version loads for me but the screenshot below shows what I'm getting. Any ideas?

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: dred.gif Size: 23 KB
  • #3,572
  • Jul 7, 2011 10:06pm Jul 7, 2011 10:06pm
Quoting Pinhead
I appreciate the indi collection, Dred.

I've been try to track down a MTF HA for a couple weeks now that doesn't crash my platform. Your version loads for me but the screenshot below shows what I'm getting. Any ideas?

Thanks.
That indicator uses this to get the HA data....

haOpen = iCustom(NULL,prd,"Heiken Ashi",MaMetod,MaPeriod,MaMetod2,MaPeriod2,2,yy) ;
haClose = iCustom(NULL,prd,"Heiken Ashi",MaMetod,MaPeriod,MaMetod2,MaPeriod2,3,yy) ;

SO just rename your regular HA indicator "Heiken Ashi" and close your platform....make sure you rename it in the expert indicator folder.

PM me if that does not work.
  • #3,573
  • Jul 7, 2011 10:23pm Jul 7, 2011 10:23pm
Quoting Dredding82
That indicator uses this to get the HA data....

haOpen = iCustom(NULL,prd,"Heiken Ashi",MaMetod,MaPeriod,MaMetod2,MaPeriod2,2,yy) ;
haClose = iCustom(NULL,prd,"Heiken Ashi",MaMetod,MaPeriod,MaMetod2,MaPeriod2,3,yy) ;

SO just rename your regular HA indicator "Heiken Ashi" and close your platform....make sure you rename it in the expert indicator folder.

PM me if that does not work.
lol . . . . That's why none of the others worked. They were trying to make a call to 'Heiken Ashi' and it wasn't there. Thanks. I learned something today.
  • #3,574
  • Jul 7, 2011 10:55pm Jul 7, 2011 10:55pm
Quoting Dredding82
Here is the new tpl files with the indicators needed so you do not have to look for a daily range indicator which also shows lines at the possible high/low. You do not have to wonder or remind yourself when reports are coming out there is an indicator attached, there is also an indicator to show which markets are currently open or closed. I have also included a few pivot indicators that you can set true/false for standard or fib pivots and also Level indicator for people that like round numbers and 1/4,1/8 levels...IF you do not know how to use...

omg that is very kind...... thanks alots !!

but BS question will still be asked again and again

just a stronger reason to be blame lol.....
  • #3,575
  • Jul 7, 2011 10:59pm Jul 7, 2011 10:59pm
Quoting Pinhead
lol . . . . That's why none of the others worked. They were trying to make a call to 'Heiken Ashi' and it wasn't there. Thanks. I learned something today.

...............Heres your card.....................lmao
  • #3,576
  • Jul 8, 2011 2:20am Jul 8, 2011 2:20am
Quoting Dredding82
Here is the new tpl files with the indicators needed so you do not have to look for a daily range indicator which also shows lines at the possible high/low. You do not have to wonder or remind yourself when reports are coming out there is an indicator attached, there is also an indicator to show which markets are currently open or closed. I have also included a few pivot indicators that you can set true/false for standard or fib pivots and also Level indicator for people that like round numbers and 1/4,1/8 levels...IF you do not know how to use...
Thank you Dredding,

A good morning today for testing that, maybe not big movements untill NFP.......
  • #3,577
  • Jul 8, 2011 2:34am Jul 8, 2011 2:34am
Ummmm, possible trade soon, M5, EUR/USD and USD/CHF.....waiting for a retracement.......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 19 KB
Click to Enlarge Name: uc.gif Size: 20 KB
  • #3,578
  • Jul 8, 2011 2:52am Jul 8, 2011 2:52am
Quoting Caillou
Thank you Dredding,

A good morning today for testing that, maybe not big movements untill NFP.......

Yuppers! Just remember NOTHING in trading is 100%...and the ADR(Average Daily Range) used in the indicator is not the one i use but it seem pretty close to the indicator i was using to get my levels.....i mean maybe within 20-40 pips but my other one would be off by that much so it might work better then the one i was using. I just saw it and had like 4 indicators in one ...so it would free up more chart space...WHICH I LOVE my chart space lol

On a side note to the HATERS...............
Before anyone says anything about me changing indicators since i said i DO NOT....I change indicators only if i find a one that is better then the current one i am already using...but it is the SAME kind of indicator just an updated verison.... lol Just had to get that out there before the haters come a calling lol
  • #3,579
  • Jul 8, 2011 2:58am Jul 8, 2011 2:58am
Quoting Dredding82
Yuppers! Just remember NOTHING in trading is 100%...l
Cheers for the updated template Dredding. Nice one.

Only question I had on it was is there any way to show more news releases on the FF Cal indicator as its only showing up 4 and it misses out the infamous NFP (or at least it does on my one).
  • #3,580
  • Jul 8, 2011 3:05am Jul 8, 2011 3:05am
Quoting tritan
Cheers for the updated template Dredding. Nice one.

Only question I had on it was is there any way to show more news releases on the FF Cal indicator as its only showing up 4 and it misses out the infamous NFP (or at least it does on my one).

I have no ideal...i just saw that also..but it does show the unemployment..
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