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Price Action Trading with Indicators! The Freebie System

  • #6,041
  • Edited 8:28pm Nov 13, 2011 6:28pm | Edited 8:28pm
Quoting migmac
it's not easy to read all 400 posts and understand everything, this thread is hudge and I might have missed this step, I think I have understood around 300 posts already but that are still 100 to read, and also since I am a beginner at forex

if you did understood my question let me know in which post is the answer, if you can prove that it was already reply I will not make any more questions, let me know if you can show me the answer.
Actually it's very easy to read all 400 posts. Almost every trader that's active in this thread has read all 400 posts over and over. I went through the thread two times before becoming active in it. I did that out of RESPECT to the other members in this thread that put in THEIR time and energy to teach themselves. This thread is nothing compared to many of the other threads on here; many of which are approaching 2,000 - 4,000 pages. All you have to do is read 400 posts, many of which consist of a few sentences and pretty pictures. It should take you a few hours to read through the entire thread.

It's like Dredding said...READ THE FIRST POST. Technically everything you are looking for is in .....the FIRST POST. You can do this buddy, I have faith in you..but you have to put in the work, you have to make the sacrifices.

Happy trading, and more importantly, HAPPY LEARNING!!!
  • #6,042
  • Nov 14, 2011 12:08am Nov 14, 2011 12:08am
Quoting migmac
Hello,

I have loaded the template of the first post, it is missing the resistance and support lines (red and green dots) is it missing any indicator? or was it removed from the original template?

I have attach a screenshot

Thank you

That ANSWER is in THE THREAD! You are one of the many reasons this simple system has so many BS POSTS! READ THE THREAD. You are on IGNORE till i see you take the time to READ!
  • #6,043
  • Nov 14, 2011 5:50am Nov 14, 2011 5:50am
I look at 5 pairs at the same time in MT4. But my laptop is getting so slow when all pairs are Freebie template. I have decreased number of bars in MTF HA from 500 to 100. But it didnt help. Do yuo have the same problems.

Win7, Intel U4100 1,3Ghz, 3 GB ram.
  • #6,044
  • Nov 14, 2011 6:49am Nov 14, 2011 6:49am
Quoting magnepan
I look at 5 pairs at the same time in MT4. But my laptop is getting so slow when all pairs are Freebie template. I have decreased number of bars in MTF HA from 500 to 100. But it didnt help. Do yuo have the same problems.

Win7, Intel U4100 1,3Ghz, 3 GB ram.
You could try reducing even more bars from the MTF HA indicator or try closing some of the charts. If I'm not mistaken, OEM's only use the Intel U4100 in netbooks and ULV laptops; either way, the processor isn't really designed to handle the work load you are giving it. I think what would be best is to go from 5 charts down to maybe 3..keep playing around until you find a happy medium. If I'm right on your computer...you might need to look at something more powerful.

I hope this helps you.
  • #6,045
  • Nov 14, 2011 7:29am Nov 14, 2011 7:29am
Quoting magnepan
I look at 5 pairs at the same time in MT4. But my laptop is getting so slow when all pairs are Freebie template. I have decreased number of bars in MTF HA from 500 to 100. But it didnt help. Do yuo have the same problems.

Win7, Intel U4100 1,3Ghz, 3 GB ram.
Taking off the semaphore indicator was the only way I could get mine to not slow down.
  • #6,046
  • Nov 14, 2011 7:52am Nov 14, 2011 7:52am
Quoting magnepan
I look at 5 pairs at the same time in MT4. But my laptop is getting so slow when all pairs are Freebie template. I have decreased number of bars in MTF HA from 500 to 100. But it didnt help. Do yuo have the same problems.

Win7, Intel U4100 1,3Ghz, 3 GB ram.
There's certainly more powerful PCs/laptops available that would help.

The easiest solution would be to upgrade your hardware.

In addition, there are two indicators you are using that are very inefficient - MTF HA and semaphor. They do lots of stuff with each and every tick that is really not necessary. It might be a worthwhile exercise to re-engineer those indicators to wisely use the PC resources.
  • #6,047
  • Nov 14, 2011 12:40pm Nov 14, 2011 12:40pm
Quoting zznbrm
There's certainly more powerful PCs/laptops available that would help.
Any you would recommend zznbrm or Mustangzs..... or anyone? Looking to upgrade soon once I finish this latest contract and start trading again.
  • #6,048
  • Nov 14, 2011 12:51pm Nov 14, 2011 12:51pm
whats up i´ve just sign in in the FF been trading almost for a year and just start testing this system looks good (still a newbie) but i add the bolinger bands which gives me a better sign of a strong trend, always go with the trend too.

also thanks for sharing the system for free is cool to know that people is likely to share good stuff without asking for money back

About the lags on the MT4 i was lucky and find this one call
"MT4 - One financial" is a lot much better than comon mt4 metatrader
it works better no lags and my pc i just a netbook with 2 gb ram and atom intel inside, another trick is to reintall the MT4 and it will run cool

my question is How many people here is living from Forex and thanks to this system? how many??? can i really dedicate the rest of my life to 4x? I believe yes but would like to have some people to rise their hands and give more confindece on it.
  • #6,049
  • Nov 14, 2011 3:46pm Nov 14, 2011 3:46pm
Hi Tritan, i think u are UK based.

Have a look at Novatech. They have been getting good feedback from customers comparable with leading brands.

They will custom build and stress test for you.

My PC guy recommends them, so i have done is compared the specs and got a good price

Its about sourcing the most appropriate components and they its about how they are put together,

Speed

http://www.which.co.uk/technology/computing/reviews-ns/desktop-pcs/best-buys/

Quoting tritan
Any you would recommend zznbrm or Mustangzs..... or anyone? Looking to upgrade soon once I finish this latest contract and start trading again.
" Dont wait for your boat to come in ..... swim out and meet it"
  • #6,050
  • Nov 15, 2011 5:30am Nov 15, 2011 5:30am
Just a little too small of a stop loss.. sigh.. cant win them all... lol
Attached Image (click to enlarge)
Click to Enlarge Name: 1 pip screw.gif Size: 53 KB
  • #6,051
  • Nov 15, 2011 6:30am Nov 15, 2011 6:30am
Quoting Jumpjump
Just a little too small of a stop loss.. sigh.. cant win them all... lol
where was your entry and sl?
  • #6,052
  • Nov 15, 2011 1:03pm Nov 15, 2011 1:03pm
Quoting pp22
where was your entry and sl?
The arrows are on his chart.
  • #6,053
  • Nov 15, 2011 1:21pm Nov 15, 2011 1:21pm
Quoting speedtrip
Hi Tritan, i think u are UK based.

Have a look at Novatech. They have been getting good feedback from customers comparable with leading brands.

They will custom build and stress test for you.

My PC guy recommends them, so i have done is compared the specs and got a good price

Its about sourcing the most appropriate components and they its about how they are put together,

Speed

http://www.which.co.uk/technology/computing/reviews-ns/desktop-pcs/best-buys/
Cheers Speed. Never even heard of Novatech. Will give them a good look.

  • #6,054
  • Nov 15, 2011 5:02pm Nov 15, 2011 5:02pm
Hey Dredd, waz up bud!

Folks,
The indicators that are used are somewhat calculation intensive. So here is something u can try to improve load speed.

Click on Tools ---> Options
Got to the CHARTS tab

Set the following to:
Max bars in history:1000
Max bars in chart:1000

Click OK to accept and restart MT4.
With this you should see some a considerable improvement.

Now if you need to do some back scanning to earlier months etc. then just set the numbers higher. You can use 60000, 50000 whatever u need. As far as backtesting you should be ok too.

Peace to all and just have FUN!

Dredd catch u later dude...

Jess
..PATIENCE is KING more so than MM..


Quoting magnepan
I look at 5 pairs at the same time in MT4. But my laptop is getting so slow when all pairs are Freebie template. I have decreased number of bars in MTF HA from 500 to 100. But it didnt help. Do yuo have the same problems.

Win7, Intel U4100 1,3Ghz, 3 GB ram.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,055
  • Nov 15, 2011 5:37pm Nov 15, 2011 5:37pm
I have one 10 mins drive from my house and open til 7pm

speed

Quoting tritan
Cheers Speed. Never even heard of Novatech. Will give them a good look.

" Dont wait for your boat to come in ..... swim out and meet it"
  • #6,056
  • Nov 15, 2011 7:32pm Nov 15, 2011 7:32pm
Quoting xmess7
Hey Dredd, waz up bud!

Folks,
The indicators that are used are somewhat calculation intensive. So here is something u can try to improve load speed.

Click on Tools ---> Options
Got to the CHARTS tab

Set the following to:
Max bars in history:1000
Max bars in chart:1000

Click OK to accept and restart MT4.
With this you should see some a considerable improvement.

Now if you need to do some back scanning to earlier months etc. then just set the numbers higher. You can use 60000, 50000 whatever u need. As far as backtesting...
Thanks for sharing Xmess7. I figured most would do their "homework" and find that simple fix for their self. I have got pretty tired of the same questions over and over so i really dont even look at this thread anymore unless i feel like putting people on ignore lol
  • #6,057
  • Nov 16, 2011 1:30am Nov 16, 2011 1:30am
Quoting Dredding82
i really dont even look at this thread anymore unless i feel like putting people on ignore lol


Missing your wisdom and screenshots Dredd!
  • #6,058
  • Nov 16, 2011 1:32am Nov 16, 2011 1:32am
Quoting tritan


Missing your wisdom and screenshots Dredd!

I share my wisdom everyday in the chat...screen shots not so much lol I figure everyone gets the ideal by now.
  • #6,059
  • Nov 16, 2011 3:19am Nov 16, 2011 3:19am
Quoting Jumpjump
Just a little too small of a stop loss.. sigh.. cant win them all... lol
Hey JJ,
Using the HA bars and not the real price bars, look back I think 7 bars before your entry bar. See that long bodied red candle? Think of that as a gap that will probably be filled. Now, instead of putting your SL above the swing high before your entry, a better place is from halfway up the length of that long bodied down bar to the high of that bar.

You'll see the same phenomenon if you back up 31 bars from your entry bar to another long bodied down bar. The rally after that went to less than 5 pips of the high of the long bodied down bar.

Again, I think 25 bars to the right of your entry bar is a long bodied down bar. The subsequent rally went about halfway up the length of that long bodied down bar.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #6,060
  • Nov 16, 2011 3:29am Nov 16, 2011 3:29am
Quoting Dredding82
I share my wisdom everyday in the chat...screen shots not so much lol I figure everyone gets the ideal by now.
Yeah, fair point. Have enough of your screenshots for now anyway If you cold be so kind as to keep your shared wisdom up in the chatroom until at least 8pm UK time so I can review it would be appreciated.
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