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Price Action Trading with Indicators! The Freebie System

  • #5,601
  • Oct 10, 2011 10:50am Oct 10, 2011 10:50am
Quoting Dredding82
P.S. It seems i am the only one trying to help others here(No one helping me test things)...Since no one ever gives feed back on the indicators/EA...I WILL NOT share ANYTHING anymore. You guys can just code/modify your own or download thousands of indicators hoping to find what they are.
For you, the ea was a gift... You know the code, you 100% trust the system, you know how much time (or money) the creation of the ea cost. All you asked for was a little testing, few steps before going going into a forward-test with this ea, eventually trading real money after expanding it.

I do understand that you are angry about the people that got your password and never gave back! (I did not apply for the password, because I didnt have the time to test an ea whose action is not fully understandable to me)

For the people that downloaded it, it was an obligation... A code, they did not know, that they could not fully trust, alot, lot of work to do (backtesting takes a lot of time and some knowledge if you want to do it right and interprete the results correctly.) The incentive to do all this is too low, because no one trades real money with an ea if he cannot fully understand its code.

Developing/testing an ea with several other people is best in a small group, where you can trust the others and are not afraid that they ripp off your code. If your interested in that, you should open a "freebie-ea-developing" thread, where code snippets are discussed. YouŽll detect soon, who is willing to participate and give back.

I think the best eas and indicators are the one written by oneself. So I really like your appeal to the members to write their own stuff -and stop posting finished indicators. But I would also like you to explain the logic of Indicators you are using, so people can think about them, contribute their own ideas and make your system truly "theirs".
Please do not not give up the good work! - just post words, pictures and explanations, not finished indicators. I think (and hope) people will contribute more, and give back more of their own ideas.
  • #5,602
  • Oct 10, 2011 11:10am Oct 10, 2011 11:10am
Hi

I know I am not the one who type a lot here. But I can tell you that I been reading whole thread more than once. English is not my best so I need read more than once to fully understand.
And the reason I did not sent you a PM about being a tester is that I am a parttime trader trying my best to be fulltime. And finally after years off search I think I in this thread and with your strategy I have found my edge.
So why is it that the few people destroyed it for everybody.
I fully understand your point, but if possibel I would ask you to rethink your desiccion.
I know I have no right to ask for more in this great thread, only thing I can promise is to be more active typing here.

Dredding thanks for all your help here, trying your best to get us on the track to be traders.

Regards

Peter

ps. Sorry for my bad English
I
  • #5,603
  • Edited 11:32am Oct 10, 2011 11:22am | Edited 11:32am
Quoting willauch
For you, the ea was a gift... You know the code, you 100% trust the system, you know how much time (or money) the creation of the ea cost. All you asked for was a little testing, few steps before going going into a forward-test with this ea, eventually trading real money after expanding it.

I do understand that you are angry about the people that got your password and never gave back! (I did not apply for the password, because I didnt have the time to test an ea whose action is not fully understandable to me)

For the people that downloaded...

You do not understand why i am angry? Why ask for a password to be a tester if you are not going to test the EA or indicator? It was pointless for you to have the indicator or EA then!

Well lets see...a code they do not know..ITS THE FREEBIE NEWBIE SYSTEM.....if you know the system then you know what the code will do, I also posted what the EA WILL and WILL NOT DO. The incentive to do this was to help me foward test a code on DEMO. To make sure it was placing orders as it should, then if the code was working proper i could release it FREE to memebers for more forward testing with the MM added to it. Real money? The EA would ONLY work on a DEMO account.

Why do i need to open another thread to test an indicator or EA? That is pointless because then i would have to post on the first thread in hopes others would want to come to the other thread. They could not rip off the code because it was an ex4 file..there was an expire date and it was not the full code. Even if they did decompile the EA, they would only have the basis entry rules which are said and shown 100s of times on this thread.

Why would i explain my logic to someone on a free forum? So they can steal my ideal when they do not even understand the concept of it for their self...and sell it for to some newbie that knows jack shit about trading?.

Words.....look at how many posts i have made in less then 12 months, pictures...look at my attachments, exlanations...there is only 4 RULES...if people dont get it by now...well like i said in the #1 post i have to keep telling people to read, "If you cant find the TREND...stick with your day job cause trend is not that hard..."The same goes for following 4 simple rules.
  • #5,604
  • Oct 10, 2011 11:51am Oct 10, 2011 11:51am
Quoting Dredding82
You do not understand why i am angry? Why ask for a password to be a tester if you are not going to test the EA or indicator? It was pointless for you to have the indicator or EA then!
As I wrote - I do understand why youŽre angry! I just tried to explain, why so many people got the pw and did not give a response.

I just think that you should not give "finished products" to maximize responses. Instead of giving a volatility indicator for free, you could explain how its working (for example: "I just trade if average true range is more than 1.8times the atr of the last 11 bars").

People cannot just download that statement and say "okay, thats it" - as they seem to do with complete indis or eas. They have to reflect - what is a atr? what are its (dis)advantages? what are possible alternatives? why 1.8times? why 11bars? And after a discussion everyone creates its own indicator.
  • #5,605
  • Oct 10, 2011 1:59pm Oct 10, 2011 1:59pm
aw mustve not been in town when EA was posted although the system operates on pretty simple parameters, one of my future projects is try to learn how to code MQL4

US bank holiday... slow as shit
  • #5,606
  • Oct 10, 2011 10:56pm Oct 10, 2011 10:56pm
Well maybe just maybe if those other 28 people who downloaded the EA can just take 2 minutes out of their day to PM Dred (even if they didnt actual test it) and tell him their opinion about it or just say something, anything relating to the EA, then maybe Dred will reconsider.

It does suck for those of us that actually tested and gave feedback but Dred is trying to make something big here and we are all just taking and not giving back enough...
  • #5,607
  • Oct 11, 2011 5:29am Oct 11, 2011 5:29am
Hi Dredding, thanks for posting your great system
I've only just joined FF so I can join your chat room, I don't post normally, just lerk.
I don't know why you keep booting me? What's the problem?. All I've done is post 2 trades I took? I can't PM you so I post here. Sorry if that's out of order.

Apologies.
  • #5,608
  • Oct 11, 2011 9:23am Oct 11, 2011 9:23am
Quoting neuron
one of my future projects is try to learn how to code MQL4
Do you know MQL5 is already out? I haven't looked at it but I hear it's way more difficult that MQL4. I have been learning 4 myself and am not really looking forward to the day brokers start requiring upgrade to MT5 because then probably none of my code will work unless there is a perfect conversion program or I have to spend even more time learning 5.
  • #5,609
  • Oct 11, 2011 11:47am Oct 11, 2011 11:47am
thats a very good point, does anybody know if MT4 code is compatible with MT5.

if not does that mean all EAs, Scripts, Indys will have to upgraded.

I would be amazed if they arent but asking the question one the less

Speed

Quoting ericjschroed
Do you know MQL5 is already out? I haven't looked at it but I hear it's way more difficult that MQL4. I have been learning 4 myself and am not really looking forward to the day brokers start requiring upgrade to MT5 because then probably none of my code will work unless there is a perfect conversion program or I have to spend even more time learning 5.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #5,610
  • Oct 11, 2011 12:44pm Oct 11, 2011 12:44pm
Quoting speedtrip
thats a very good point, does anybody know if MT4 code is compatible with MT5.

if not does that mean all EAs, Scripts, Indys will have to upgraded.

I would be amazed if they arent but asking the question one the less

Speed
Unfortunately, Metatrader 4 Language (MQL4) will not be compatible with MetaTrader 5 (MQL5). The decision was made in favor of new opportunities in programming language and execution speed, which to some regret of existing MT4 clients means, their custom indicators and EA's (.mq4 and .ex4 files) won't work with MT5 platform; and need to be rewritten.

I've attached an image of Metatrader's official statement below:
Attached Image
  • #5,611
  • Oct 11, 2011 9:40pm Oct 11, 2011 9:40pm
Check out this nice set up on the emini s&p. This goes to show that Dredds system works on any chart and on any instrument.
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  • #5,612
  • Oct 12, 2011 2:08am Oct 12, 2011 2:08am
Quoting Dredding82
Well i was bored again and since ONLY 2!!! out of the like 30 people that were testing the EA out to make sure it open trades right NEVER GAVE FEED BACK!! when the EA expired a few days ago.....one of my brokers is letting me test out their VPS service so i thought i would throw an EA on it and see what it can do. I have attached the VPS Test EA to the thread for everyone to see. Which is a shame...The EA i shared could have made many alot of profit!


P.S. It seems i am the only one trying to help others here(No one helping me test things)...Since...
Wow... I come back from a vacation and find this post. Now.... I just posted my feedback regarding the EA because I've been out of town and away from trading to spend quality time with loved ones uninterrupted from my trading activities, but at least I sent hime feedback. Now, two pages into back-reading to catch up, I find that once again he doesn't get the support he requested. And yes... If you are wondering, I was also one of the two people who provided feedback on his Freebie Trend Signal that you people missed out on having due to the same issue.

Guys and gals the man has given you a profitable strategy on a silver platter that is not just a passing fad. He takes his time to create tools to make it easier for all of us to trade the strategy and all he asks for in return is a little feedback so he know if he is on the right track or not. Doesn't cost you a dime!!!

I wasn't too frustrated that you people ruined the opportunity to receive the Freebie Trend indicator because I personally can function without it. But many of you needed that tool and it was obvious from your posts in here. But I am not happy that the EA opportunity has been ruined. I predominantly trade the larger timeframes because of work commitments and the EA would have allowed me to trade the smaller timeframes while I worked.

I have to agree with Dred.... at this point this thread deserves nothing further from him if he so chooses it to be. So maybe you all should just stop begging him to reconsider and let him have his peace. I apologize if this sounds a little harsh but it has become a sore subject for me now.
  • #5,613
  • Oct 12, 2011 3:45am Oct 12, 2011 3:45am
I also provided a little feedback, not much, but as I said to Dred in my pm, I couldn't forward test it any further because as it had to be used on a demo only and I already have 2 trading stations open, my computer is not up to 3 so I told him I would stop testing for the moment.

I am amazed though at the first mention of an EA suddenly everyone becomes interested. Dred has given a great system traded manually, its highly accurate and we can get thousands of pips a week, take the time to learn the system and give Dred some support on here.

I am up over 500 pips (locked in) on AU, EJ, EU, GU, UC and U/CHF just this morning. What more could you ask for
  • #5,614
  • Oct 12, 2011 4:22am Oct 12, 2011 4:22am
Lost trade from past days. Sell order is from today .
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  • #5,615
  • Oct 12, 2011 5:11am Oct 12, 2011 5:11am
Quoting ohammond
I am up over 500 pips (locked in) on AU, EJ, EU, GU, UC and U/CHF just this morning. What more could you ask for


Excellent stuff ohammond. Are these all on M15 charts? Any chance of some chart posts as it does wonders for the learning?

Cheers mate.

T
  • #5,616
  • Oct 12, 2011 5:23am Oct 12, 2011 5:23am
Quoting tritan


Excellent stuff ohammond. Are these all on M15 charts? Any chance of some chart posts as it does wonders for the learning?

Cheers mate.

T
Yes they were taken on the 15min, I'll post some charts a bit later on, total pip count with everything closed today +861.
  • #5,617
  • Oct 12, 2011 5:33am Oct 12, 2011 5:33am
Quoting ohammond
Yes they were taken on the 15min, I'll post some charts a bit later on, total pip count with everything closed today +861.
Truly amazing. Nice one

And cheers for the charts later. Love my night time reading up
  • #5,618
  • Oct 12, 2011 5:36am Oct 12, 2011 5:36am
Quoting JPassion
Well, unfortunately yesterday was a tight range and both my trades lost. Today, had I have been out of bed and at my screen I would have made it all back and much much more. Pity
One question I have (this isn't Dredding's rules, it's about Cam pivots). Once the '5' levels are breached is the day considered over?

Question about pivots.........STILL! IGNORE!
  • #5,619
  • Oct 12, 2011 5:37am Oct 12, 2011 5:37am
Quoting ohammond
Yes they were taken on the 15min, I'll post some charts a bit later on, total pip count with everything closed today +861.
Killer trading like always ohammond!
  • #5,620
  • Edited 6:22am Oct 12, 2011 6:09am | Edited 6:22am
Quoting ohammond
Yes they were taken on the 15min, I'll post some charts a bit later on, total pip count with everything closed today +861.
You hit my weekly goal in a day; actually that was closer to my bi-weekly goal.....'I'm not worthy...I'm not worthy'
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