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Price Action Trading with Indicators! The Freebie System

  • #5,661
  • Oct 14, 2011 8:14am Oct 14, 2011 8:14am
I did some fast reading, as I have not been around for a while. Looks like a lot of green pips have been made)

Unfortunately I dont have the time to post, as it is too busy with the full-time job at the moment.

I did do some trading though: another great week. averaging 5.4% per day, and added a little over 30 % to my account this week. Strike rate still around 90 %.

Keep it up all. Have a great weekend and green pips.

Udine
Sleep less, live fast, as it aint gonna last
  • #5,662
  • Oct 14, 2011 8:36am Oct 14, 2011 8:36am
Quoting mustangzs
Hope you all had a good week of trades. I'm heading out this weekend to get married....

See you all Monday morning! Make those pips for me today!!
Well with a KILLER week like this you should have made enough $$ like you were saying you wanted to ...lol

Have a good weekend...
  • #5,663
  • Oct 14, 2011 8:41am Oct 14, 2011 8:41am
Quoting Udine
I did some fast reading, as I have not been around for a while. Looks like a lot of green pips have been made)

Unfortunately I dont have the time to post, as it is too busy with the full-time job at the moment.

I did do some trading though: another great week. averaging 5.4% per day, and added a little over 30 % to my account this week. Strike rate still around 90 %.

Keep it up all. Have a great weekend and green pips.

Udine
Thats KILLER Udine! Hope you have a great weekend..and make some more KILLER pips! next week
  • #5,664
  • Oct 14, 2011 8:54am Oct 14, 2011 8:54am
Quoting Dredding82
Thats KILLER Udine! Hope you have a great weekend..and make some more KILLER pips! next week

Thanks.

I'm buying today at the bar )

Udine
Sleep less, live fast, as it aint gonna last
  • #5,665
  • Oct 14, 2011 8:57am Oct 14, 2011 8:57am
Quoting Udine
Thanks.

I'm buying today at the bar )

Udine
SWEET!!!!!!! About time someone offers me a night out at the bar! lol

Now if i can just get me the trip to Vegas! lmao
  • #5,666
  • Oct 14, 2011 9:06am Oct 14, 2011 9:06am
Quoting Dredding82
SWEET!!!!!!! About time someone offers me a night out at the bar! lol

Now if i can just get me the trip to Vegas! lmao

Give me some time

I'll get you there. This system of yours is doing its job perfectly.

Udine
Sleep less, live fast, as it aint gonna last
  • #5,667
  • Oct 14, 2011 10:08pm Oct 14, 2011 10:08pm
Sorry for late post.
Attempted light trading just shortly before US red report, EUR/USD, not recommended by most, I just couldn't resist.
Went for 1:1 R/R or close to it(1:1,3 with pivot as target).
Closed at TP on 09:15 EST candle.

Good weekend to everyone
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 22 KB
  • #5,668
  • Oct 17, 2011 1:28am Oct 17, 2011 1:28am
The EA results at the top of the page is showing how this system is great for raking in the pips, + over 900 pips since 10th which is brilliant for any system let alone an EA.

The negative sum of money only goes to reinforce why I'm not a great fan of variable lot sizes. Sods law dictates it will be the trade with the higher lot size that fails
  • #5,669
  • Oct 17, 2011 1:37am Oct 17, 2011 1:37am
Let the games begin.

Green pips.

Udine
Sleep less, live fast, as it aint gonna last
  • #5,670
  • Oct 17, 2011 2:13am Oct 17, 2011 2:13am
Quoting ohammond
The EA results at the top of the page is showing how this system is great for raking in the pips, + over 900 pips since 10th which is brilliant for any system let alone an EA.

The negative sum of money only goes to reinforce why I'm not a great fan of variable lot sizes. Sods law dictates it will be the trade with the higher lot size that fails
The negative sum you are talking about is from mistakes i made when setting up the EA. I some how had 2 platforms opened on the VPS and the EA was attached to both and making double trades. I also seen a bug that i had to fix in the EA that would use your equity for the lot size not your balanace...so most of the loss..was my fault.
  • #5,671
  • Oct 17, 2011 2:20am Oct 17, 2011 2:20am
Quoting Dredding82
The negative sum you are talking about is from mistakes i made when setting up the EA. I some how had 2 platforms opened on the VPS and the EA was attached to both and making double trades. I also seen a bug that i had to fix in the EA that would use your equity for the lot size not your balanace...so most of the loss..was my fault.
Ya I did notice that when testing the EA, I beleive i pm`d you about it that it used the equity and not the balance.

Hopefully some of us will get to enjoy this revamped EA
  • #5,672
  • Oct 17, 2011 2:59am Oct 17, 2011 2:59am
Quoting Dredding82
The negative sum you are talking about is from mistakes i made when setting up the EA. I some how had 2 platforms opened on the VPS and the EA was attached to both and making double trades. I also seen a bug that i had to fix in the EA that would use your equity for the lot size not your balanace...so most of the loss..was my fault.
Then thats excellent then Dred
  • #5,673
  • Oct 17, 2011 3:09am Oct 17, 2011 3:09am
Yeehaa. Some activity on the thread Was getting worried you guys were all talking in the chatroom and that I wouldn't have any excuse to ignore my work and come on the thread to read. ha ha

Happy pipping all.
  • #5,674
  • Oct 17, 2011 3:37am Oct 17, 2011 3:37am
Green pips to all.

I'm done for the day.

Udine
Sleep less, live fast, as it aint gonna last
  • #5,675
  • Edited 4:10am Oct 17, 2011 3:50am | Edited 4:10am
Great Udine. I'm up 133pips for now and some still free running.
  • #5,676
  • Oct 17, 2011 4:04am Oct 17, 2011 4:04am
Quoting kolesar007
Great Udine. I'm up 133pips for now and some still running

Great trading

Udine
Sleep less, live fast, as it aint gonna last
  • #5,677
  • Oct 17, 2011 4:07am Oct 17, 2011 4:07am
Quoting Dredding82
I also seen a bug that i had to fix in the EA that would use your equity for the lot size not your balanace...so most of the loss..was my fault.
Did you change anything else on the ea? Or is it still the version you published?

I played with your ea on the weekend. I changed a little, so I could test with R:R as a takeprofit. I backtested R:R 1:1-1:3 on M15 and H1 on numerous fx-pairs. I did not test on commodities, indices...

It was hard to find a pair with this rudimentary strategy that had a pf>1. (else were standard settings)

This leads to 3 conclusions [I found 3, if you find more/different please tell]

1) The fail of a pivot is crucial to the strategy. (perhaps even the trend and volatility indi).
2) I "broke" the ea and it trades something else now. (doesnīt seem so on 1st check)
3) Money is made in the exit, not in the entry. So I should elaborate the exit (combine daily range with pivots instead of simple R:R)

To check if 1) is right, I included the freebie volatility arrows,checking for fail at pivots, and added lawgirls trend indi. I did not test this, yet because I spend the whole night adding these and dont want to see no screen no more...

To check 2) I have to dig into the ea again, will do when I have time and find something irritating in the trades of the ea.

3) Anyone implemented that already? I will try do that next time (next sunday I guess...)
  • #5,678
  • Oct 17, 2011 4:12am Oct 17, 2011 4:12am
Quoting willauch
Did you change anything else on the ea? Or is it still the version you published?

I played with your ea on the weekend. I changed a little, so I could test with R:R as a takeprofit. I backtested R:R 1:1-1:3 on M15 and H1 on numerous fx-pairs. I did not test on commodities, indices...

It was hard to find a pair with this rudimentary strategy that had a pf>1. (else were standard settings)

This leads to 3 conclusions [I found 3, if you find more/different please tell]

1) The fail of a pivot is crucial to the strategy. (perhaps even the...
How did you play with the EA? You mean you decompiled the ex4 file? it is EXPIRED.......so it might work on backtests till the date of expire...........If you read where it was posted...it was a TEST EA...so i could see if things were coded right and was taking trades on the rules....BESIDES THE FAIL AT PIVOT!

**EDIT** Since all the people that were TESTERS did NOT give feedback...anyone else that talks about the EA will be put on IGNORE!
  • #5,679
  • Oct 17, 2011 4:28am Oct 17, 2011 4:28am
Yes, I decompiled. Otherwise I couldnīt expand it.
  • #5,680
  • Oct 17, 2011 4:30am Oct 17, 2011 4:30am
Quoting willauch
Yes, I decompiled. Otherwise I couldnīt expand it.

Then you know trying to change a decompiled code is garage! you dont know what anything is or what it does......IGNORE!
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