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Price Action Trading with Indicators! The Freebie System

  • #6,581
  • Jun 6, 2014 7:13pm Jun 6, 2014 7:13pm
Quoting Irad
{quote} okay, insight about that particular trade: although HA 4h was all blue and looked bullish, I didn't have 4h candle close by the time I took that trade, not overthinking it, but if I want to determine the trend on the HA candles I should wait for candle close because it'll repaint on that indicator if I wouldn't wait for candle close, and then look for HH/LL etc.. it actually happened eventually on that trade, colors has changed from blue to red because 4h didn't close. trade safe.
wish I could just wipe that post from the thread for any lost souls, current HA on the MTF HA are leading indicator for what price is doing right now.

with that taken into consideration I can determine easily the trend


I hate when the mtf-ha repaints so I found a mtf-ha that doesn't repaint, if looking at the 15m chart it'll calculate the 4h candles based on 15m data which give me much more confident when backtesting leading indicator(the 4h blocks painted with the 15m candle accordingly to what color the 4h candle when the 15m candle closed..(ahh.. got troubled by that.. oh well...))
Attached Image (click to enlarge)
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  • #6,582
  • Jun 9, 2014 1:03pm Jun 9, 2014 1:03pm
EURAUD 15m - a trade that screamed short:

Attached Image (click to enlarge)
Click to Enlarge Name: euraud-m15-international-capital-markets.png Size: 65 KB


believe me there is a pivot, but I am not concerned too much about the pivots, they are more of a targets then entries to control my greed

everything else is line up.
  • #6,583
  • Jun 9, 2014 10:49pm Jun 9, 2014 10:49pm
Please i really need help, i have read this thread up to 150 pages. I downloaded the template and indis on the first post but am not sure if the pivot indicator settings is for Daily and 4hr time frame.

I also tried to set it but there is no place to do that on the setings. Can somebody please help me with the pivot and fib pivot to trade the Daily and 4hr?

I really need it Please.
  • #6,584
  • Jun 10, 2014 1:19pm Jun 10, 2014 1:19pm
Quoting Esosa
Please i really need help, i have read this thread up to 150 pages. I downloaded the template and indis on the first post but am not sure if the pivot indicator settings is for Daily and 4hr time frame. I also tried to set it but there is no place to do that on the setings. Can somebody please help me with the pivot and fib pivot to trade the Daily and 4hr? I really need it Please.
if you gonna do 4H trading plot the weekly pivots.
if you are going for D1 trading plot monthly pivots.
  • #6,585
  • Jun 16, 2014 9:19pm Jun 16, 2014 9:19pm
Quoting Paulus
{quote} Hi Divergence is my strongest entry using the Dred system Divergence shows up strength and weakness but like all my trading I try to make it mechanical I have followed 9 swaps with this system for a long time now .. I may only get 2 trades some days 5 or 6 the others but they seem to be very strong entries 3 from Friday..I set my SL 5 pips above the last swing hi so that will be my entry candle or the last swing wave I use the MACD_4CZ indicator for my divergence as It gives me colours on bar size change and aids in my entry A simple rule...
Did you abadon your old style or you still trade it?
  • #6,586
  • Jul 4, 2014 9:41pm Jul 4, 2014 9:41pm
Quoting Irad
{quote} wish I could just wipe that post from the thread for any lost souls, current HA on the MTF HA are leading indicator for what price is doing right now. with that taken into consideration I can determine easily the trend I hate when the mtf-ha repaints so I found a mtf-ha that doesn't repaint, if looking at the 15m chart it'll calculate the 4h candles based on 15m data which give me much more confident when backtesting leading indicator(the 4h blocks painted with the 15m candle accordingly to what color the 4h candle when the 15m candle closed..(ahh.....
Hi Irad,

Do you mind sharing that mtf-ha non repainting please ?

cheers hannele
  • #6,587
  • Jul 11, 2014 3:44am Jul 11, 2014 3:44am
good day to all.......can someone tweak this indi to work on the latest build mt4...thanks
Attached File(s)
File Type: mq4 3_Level_ZZ_Semafor_MTF.mq4   8 KB | 537 downloads
learn and earn from the ups and downs...of life.
  • #6,588
  • Jul 12, 2014 4:04pm Jul 12, 2014 4:04pm
Quoting Esosa
Please i really need help, i have read this thread up to 150 pages. I downloaded the template and indis on the first post but am not sure if the pivot indicator settings is for Daily and 4hr time frame. I also tried to set it but there is no place to do that on the setings. Can somebody please help me with the pivot and fib pivot to trade the Daily and 4hr? I really need it Please.

Hi Esosa,

did you find out if the template "Freebie newbie daily" and the "PivotsforFreebie" pivot indicator automatically adjusts the pivot lines to the current chart?
I also read hundreds of pages but I am still not sure if it does. There is at least no value such as 10080 to enter anywhere so maybe it adjusts the pivots?
  • #6,589
  • Jul 12, 2014 4:08pm Jul 12, 2014 4:08pm
Quoting Dredding82
Here is a trade i took right before the close of US session yesterday...Looking pretty good right now...Moved my SL to above enter so now even if it reverses ...FREE TRADE! lol Sorry havent been around much been busy trying to get a few things done. {image}

Hi Dredding,

in your picture you took a trade according to the rules but the time when you entered the green candle was so close to the next pivot point.
Meaning it reversed from the previous one but was very close to the next higher pivot which could stop it. Do you take that into account or would that be overthinking?
  • #6,590
  • Aug 4, 2014 1:54am Aug 4, 2014 1:54am
Hi all,

Do you know if there is another version of freebie candles (is there another name for this indicator?) where the colors can be changed? regardless of color changing then template saving they always default back.

Thanks
  • #6,591
  • Aug 5, 2014 1:15am Aug 5, 2014 1:15am
Quoting Myrmica
{quote} Hi Esosa, did you find out if the template "Freebie newbie daily" and the "PivotsforFreebie" pivot indicator automatically adjusts the pivot lines to the current chart? I also read hundreds of pages but I am still not sure if it does. There is at least no value such as 10080 to enter anywhere so maybe it adjusts the pivots?
Sorry I did not see this post earlier. I wrote the PivotsforFreebie so ask me any questions here or PM.
  • #6,592
  • Sep 2, 2014 2:11am Sep 2, 2014 2:11am
can someone please do me the favour and put all necesarry and current used indicators with template in a zip folder and upload it please
  • #6,593
  • Sep 2, 2014 3:27am Sep 2, 2014 3:27am
Quoting Irad
{quote} wish I could just wipe that post from the thread for any lost souls, current HA on the MTF HA are leading indicator for what price is doing right now. with that taken into consideration I can determine easily the trend I hate when the mtf-ha repaints so I found a mtf-ha that doesn't repaint, if looking at the 15m chart it'll calculate the 4h candles based on 15m data which give me much more confident when backtesting leading indicator(the 4h blocks painted with the 15m candle accordingly to what color the 4h candle when the 15m candle closed..(ahh.....
Hey Irad,
could you please be so kind and post all Indis and template.
thank you very much in advance
  • #6,594
  • Sep 2, 2014 3:45am Sep 2, 2014 3:45am
Ma Y be this one!
Attached File(s)
File Type: zip Freebie Newbie BOLOSO (2).zip   181 KB | 957 downloads
learn and earn from the ups and downs...of life.
  • #6,595
  • Sep 2, 2014 8:38am Sep 2, 2014 8:38am
Quoting shinewel
Ma Y be this one! {file}
thank you for uploading the zip file!!Could someone please provide the MTF-HA Indi "Irad" has in use? Couldn't find anything like that.
  • #6,596
  • Oct 29, 2014 12:23am Oct 29, 2014 12:23am
Anybody still here?
  • #6,597
  • Oct 29, 2014 2:23am Oct 29, 2014 2:23am
Here's a sell trade I took on the Usd/Cad earlier today! I got in at the bounce off of the monthly open.
Attached Image (click to enlarge)
Click to Enlarge Name: Trading Pics.png Size: 75 KB
  • #6,598
  • Oct 29, 2014 2:56am Oct 29, 2014 2:56am
Quoting Checkz
Here's a sell trade I took on the Usd/Cad earlier today! I got in at the bounce off of the monthly open. {image}
Which platform are you using?
  • #6,599
  • Oct 29, 2014 3:07pm Oct 29, 2014 3:07pm
Thats Tradingstation with Marketscope maybe FXCM.

And yes, here we are.

Theres a new version of 3zz semaphore for builts of Versions of MT4 > 600.
  • #6,600
  • Nov 3, 2014 12:54am Nov 3, 2014 12:54am
hi guys!
first i want to thank Dredding for this interesting system!
i've been reading this thread for about 2 days, and looks promising! i'm thinking about forward testing it!
as the thread has slow activity nowadays, i wonder to know: are you guys busy making pips or the system fails in the long run?
tkz in advance you all and specially Dredding!
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