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Price Action Trading with Indicators! The Freebie System

  • #6,621
  • Nov 4, 2015 5:47am Nov 4, 2015 5:47am
Quoting ericjschroed
{quote} Sorry I did not see this post earlier. I wrote the PivotsforFreebie so ask me any questions here or PM.

Hi Eric,


have a question, is there a chance that you can compile the pivots indicator you wrote for the freebie system on a new MT4 version since the old indi seems to have a problem on versions >765? and publish that on FF?

Best Regards,
Stefan
  • #6,622
  • Nov 5, 2015 2:44am Nov 5, 2015 2:44am
Quoting stefst
{quote} Hi Eric, have a question, is there a chance that you can compile the pivots indicator you wrote for the freebie system on a new MT4 version since the old indi seems to have a problem on versions >765? and publish that on FF? Best Regards, Stefan
Surprisingly, it seems I can reply here, which I cannot in other Non-Commercial threads (since I was converted). You can fix it yourself by removing the "." (period) from Show.Comment, which the new MT4 does not like. I don't seem to be able to post attachments here, maybe because it is in the trash? Or maybe because I am listed as Commercial. Open the .mq4 file in MetaEditor, and Search and Replace Show.Comment with ShowComment, then compile. Let me know if it does not work.
  • #6,623
  • Nov 6, 2015 6:53am Nov 6, 2015 6:53am
Does anybody have a working Heiken Ashi Candle EA that enters long at the close of a green ha candle and short at the close of a red ha candle? I have looked all over and im having trouble finding one.
  • #6,624
  • Nov 6, 2015 8:27am Nov 6, 2015 8:27am
If you would have placed a trade at the green line where the first red ha candle appeared you would have hit your profit target below easily.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (10).png Size: 55 KB
  • #6,625
  • Edited 2:43pm Nov 13, 2015 12:58pm | Edited 2:43pm
Folks (or whomever is still looking at this thread):
I am going to publish an EA shortly for this approach. I was involved back in 2010 with the original attempt to automate it but was not able to get anything going. The difference today is that I have been exposed to alot of approaches and the experience is now complete LOL (sound like a jedi or something LOL).
Anyhow, it's ALOT easier now to create any approach. So I went back to my old notes and I looked at this one. I spoke with Dredding many times and I knew that he was a full time trade that lived off of this (and other approaches he had). But in my opinion this approach (and the BOLOSO) are the money. Only thing left was to program it cause I want to sleep LOL. You know being in front of the computer that much time ... well no LOL

I already have an indicator that gives a signal when the conditions on the 1st page are met. There are some thing I need to finish up on it but ... It seems to work. See the image and you will see the signals (Green arrow long, Red arrow short). The only thing left is to add the higher TF direction. Right now I am contemplating using the 3sema ZZ on the higher TF. This is to determine trend of course. So for example if a high ZZ dot was the last zz dot seen on the Day time frame and price is still below it then in the last 3 days the program would only look for shorts on the 15min TF. Opposite for Sell of course. That is what I am thinking of using for now.


Attached Image (click to enlarge)
Click to Enlarge Name: FreeBie Indicator v1.jpg Size: 298 KB



I would like for any of you to come forth with your ideas on determining higher TF trends. There was one that got my eye, where the user was using the 3sema zz on the higher TF and looking for higher highs and lower lows. That is the way they were determining trend.

OH OH... I just got an idea LOL,,,, damn so simple too LOL . To determine trend I look at the higher TF (D1 for 15M) and go back a couple of handled and determine if there are higher highs or lower lows etc etc. LOL so simple! LOL. So now I have two approaches to determine higher TF trend.

Any more ideas???

BTW I tried contacting Dredding via the email I have and no luck... I guess he is living it up .... LOL



Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #6,626
  • Nov 14, 2015 12:44am Nov 14, 2015 12:44am
Almighty. Seems that I have the indicator working. Right now all it does is detect signals on the 15min TF. It only covers the conditions that are stated in the 1st page. No Trend detection of the higher TF yet. Before I post this indicator, I will have it working on not only the 15min TF but also any of the other TFs and off course the trend detection will also be in place and 3 notification options will be available.

So once this indicator is solid it will be transformed to an EA. I will add two basic money management items:
1. auto calculate lotsize based on risk%
2. option to close part of the lots and let the rest go with break even on

The EA TP and SL will also have the following options:
1. Set SL to last zzDot and set TP=SL or 1:1
2. Option to set SL based on last zzDot and TP on next Piv Level

Other thing to consider for the EA is to Stop Trade based on % gain for the day or week.

And finally, have the EA monitor all pairs on one chart, that way no need to open a gazillion charts LOL.
This one may take a little longer to accomplish cause the 3sema can be program intensive. I've done this before
successfully with other EAs but cause of the 3sema this one will take some thinking....

Anyhow here is a screenshot of the indicator working on the 15min. It show 3 days plus today (up until the close of market).
You will notice that in some cases there are 2 or 3 arrows. That's not a problem, it just means that 1 or more candles with the condition for the 3sema being 4 or less candles from it plus having failed a pivot and had with the heiken color was found.

Attached Image (click to enlarge)
Click to Enlarge Name: FreeBie Indicator v1.png Size: 46 KB


Oh almost forgot... got to integrate the Range too. Since I did not see it on the 1st page rules I didn't concentrate on adding it. It should be simple enuf. If there is enuf range for what I want to do then take the trade otherwise no trade..

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #6,627
  • Nov 14, 2015 10:09pm Nov 14, 2015 10:09pm
Success: The indicator can now detect higher TF trend. See the following image:

Attached Image (click to enlarge)
Click to Enlarge Name: FreeBie Indicator v1.png Size: 69 KB


I am almost done with the indicator. It only needs the following:
1. Handle different Higher TF. Right now it only works with 15min and higher TF of D1.

Stay Tuned:
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #6,628
  • Nov 15, 2015 4:21pm Nov 15, 2015 4:21pm
Quoting xmess7
Folks (or whomever is still looking at this thread): I am going to publish an EA shortly for this approach. I was involved back in 2010 with the original attempt to automate it but was not able to get anything going. The difference today is that I have been exposed to alot of approaches and the experience is now complete LOL (sound like a jedi or something LOL). Anyhow, it's ALOT easier now to create any approach. So I went back to my old notes and I looked at this one. I spoke with Dredding many times and I knew that he was a full time trade that...
Thank you sir, I look forward to your future success with the EA, I also tried to contact Dredding via email and never got a response I also wonder if Dredding ever released his Freebie Pro system to anybody?
  • #6,629
  • Nov 15, 2015 11:22pm Nov 15, 2015 11:22pm
Hi Checkz:

Right now I have the indicator only working on the 15min TF using D1 as the trend detection TF. So far it is working properly, with only one exception (see chart). In fact let me show you what the indicator would of done on the 6th of November.

Attached Image (click to enlarge)
Click to Enlarge Name: FreeBie Indicator v1.png Size: 55 KB


The trade on the 6th was detected by the indicator just like you posted a while ago.
However as I you can see there was a trade that was not detected by the indicator on the 7th(the higher trend was down, so should be a sell). This is the only time this has happened. I debugged it and it makes no sense why the Red 3sema is not detected at all. So for now I will continue and later on I will come back to figure you what happened at that instance.

There are still things that need to be fixed/added on the indicator (which also will affect the EA).
1. I am not using the range indicator, that needs to be added with the proper logic.
2. The indicator will only work on the 15minTF using D1 as the higher Trend Detection. Need to make it flexible so it can be used on the other TimeFrames.

Once I get the indicator to work properly on the 2 things I listed, I will post it.

I've started to work on the EA. But like the indicator it will only work on the 15min TF. It's 90% done I just need to make an adjustment as to how it detects pivots. Of course once the indicator has items 1 and 2 the EA will also follow, but I am itching to test it on a demo account LOL.

For the Trend Detection I am using the 3sema on a higher TF. All I make the indicator do is go to the higher TF, scroll back thru the periods until I find a 3sema.
If the 3sema is above the high of a candle then I call the trend down, if the 3sema is found below the low of a candle I call the trend up. That's all I am doing for now. If you have any other ideas let me know..

Stay tuned
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #6,630
  • Nov 16, 2015 12:15am Nov 16, 2015 12:15am
Quoting xmess7
Hi Checkz: Right now I have the indicator only working on the 15min TF using D1 as the trend detection TF. So far it is working properly, with only one exception (see chart). In fact let me show you what the indicator would of done on the 6th of November. {image} The trade on the 6th was detected by the indicator just like you posted a while ago. However as I you can see there was a trade that was not detected by the indicator on the 7th(the higher trend was down, so should be a sell). This is the only time this has happened. I debugged it and it...
Hello Xmess7, what you are doing sounds great. I have always wanted an EA for this system I remeber dredding82 making a EA but I never could get it to work on my charts so to hear that you are working one is great news to hear.
  • #6,631
  • Nov 16, 2015 1:45am Nov 16, 2015 1:45am
Actually Xmess7 if you developed an EA that only traded what is on page one of this thread with an option to trade at a failed pivot or not I would be happy. That is all I need it to do.
Basically if it places a sell trade when
ZZ semafor on top
stoch crossed down
HA candle closed red
stoploss a few pips above the high zz semafor dot
tp at the RgL line

Places a buy trade when
ZZ semafor on bottom
stoch crossed up
HA candle closed green
stoploss a few pips below the low zz semafor dot
tp at the RgH line

It would be great since I have been buying the lows and selling the highs.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (13).png Size: 62 KB
  • #6,632
  • Nov 17, 2015 12:16am Nov 17, 2015 12:16am
Yep it does just that, just like page one. Except no RgH or RgL. That is what I need to add. I should have something by this weekend.
Jess

Quoting Checkz
Actually Xmess7 if you developed an EA that only traded what is on page one of this thread with an option to trade at a failed pivot or not I would be happy. That is all I need it to do. Basically if it places a sell trade when ZZ semafor on top stoch crossed down HA candle closed red stoploss a few pips above the high zz semafor dot tp at the RgL line Places a buy trade when ZZ semafor on bottom stoch crossed up HA candle closed green stoploss a few pips below the low zz semafor dot tp at the RgH line It would be great since I have been buying...
Our AWESOME IMAGINATION is the true holy grail!
  • #6,633
  • Nov 17, 2015 2:19am Nov 17, 2015 2:19am
Almost done with EA...
I have the indicator on and it is doing the job... check this last EURUSD signal.

Attached Image (click to enlarge)
Click to Enlarge Name: FreebieEA_1.jpg Size: 232 KB


Looking good...
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #6,634
  • Nov 17, 2015 2:24am Nov 17, 2015 2:24am
Quoting xmess7
Almost done with EA... I have the indicator on and it is doing the job... check this last EURUSD signal. {image} Looking good... Jess
It looks good. I'm excited, Thanks again for putting this together!
  • #6,635
  • Nov 17, 2015 2:56am Nov 17, 2015 2:56am
just happen to come to this thread....good job Xmess7
  • #6,636
  • Nov 18, 2015 9:37pm Nov 18, 2015 9:37pm
Quoting Dredding82
If you want to short on the EurUsd.....use a limit order at the last low ZZ Dot for a break of the last low ZZ Dot once your limit order has been hit and placed use the last HIGH ZZ dot as your SL.....Part of the Freebie PRO System...using limit orders for break out trades.
Part of the Freebie Pro System!!!
  • #6,637
  • Nov 18, 2015 10:23pm Nov 18, 2015 10:23pm
Ah ok ... I can add that too...

EA is coming along. It takes trades and does the basic rules as per first page.

This weekend I should have it ready.

Stay tuned
J
Our AWESOME IMAGINATION is the true holy grail!
  • #6,638
  • Edited 10:02am Nov 22, 2015 12:56am | Edited 10:02am
Alright, here is the first official batch of indicators and EA.

Please copy all indicators to the /Indicator folder (these are used by the EA and the Indicator)
and the EA to the /Experts folder

NOTE: For the indicator xm7_FreebieSystem_INI try not to use to many Days input if you are using multiply pairs. You may notice your computer slowing down if say u have the indicator on 12 pairs with input nDays=50. You can try it, just be patient for the each chart to finish what the indicator is asking for. The xm7_pivots by themselves and the EA do not have this problem.

The following are the things the EA and INDI do:

The EA does the following:
1. Follows the rules according to page 1 to initial a trade AND checks direction of trend on next higher TF (according to Dredding). For 15min we use D1.
2. Only works on 15 min (with D1 as higher TF). Still working on getting higher TFs to work.... I am very close
3. Determines if there is enough room for trade to move, based on the 10 day average range. If not, no trade.
4. Auto calculates Lotsize on Risk you enter.
5. Provides Fixed Lotsize option. User can input fixed lotsize
6. Provides takeprofit target selection. Fixed Take profit or use next pivot or use the aver daily range as TP
7. Provides for selection to be able to have trade close half of lots when half TP is reached and then leave the rest of lots with trade set on break even
8. Provides 3 alerts to choose from: notifications, email, or popup
9. Provides 2 selections for pivots: Daily or Fibonacci pivots

The INDI does the following:
1. The indicator draws arrows (green-buy, red-sell) where the follows rules from page 1 appear on chart
2. Checks direction of trend on next higher TF (according to Dredding). For 15min we use D1.
3. Only works on 15 min
4. Determines if there is enough room for potential trade. If not, no arrow is drawn on chart
5. Provides 3 alerts to choose from: notifications, email, or popup
6. Provides 2 selections for pivots: Daily or Fibonacci pivots

I have not tested this in the strat tester cause they use a higher TF trend detection script. The EA needs to be forward tested. I plan to start next week and let it go.
Right now I am using the 3sema zzDot on the higher TF to determine higher trend. AS many of you know this indicator repaints. The bet is that even if it does repaint all we need it is to have price go in the direction we think it is going just for a couple of pips before it turn around and repaints the zz Dot on the higher TF. Those couple of pips where it is going in our direction could be the key for the 15 minute TF to catch good pips. When I say couple of pips I mean like perhasp, a couple of days going in our favor.

Anyhow if anyone has any other ideas... let me know and I will integrated.

For now TEST TEST TEST the EA.... find everything that is wrong with it... so I can fix it.
Use the indicators to compare.... to see if the arrows and the trades match up etc etc.

So here they are... good luck
Attached File(s)
File Type: ex4 xm7_pivots.ex4   24 KB | 436 downloads
File Type: ex4 3_Level_ZZ_SemaforXm7.ex4   21 KB | 466 downloads
File Type: ex4 xm7_FreebieSystem_INDI.ex4   29 KB | 338 downloads
File Type: ex4 xm7_FreebieSystem_EA.ex4   36 KB | 323 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #6,639
  • Nov 22, 2015 5:01am Nov 22, 2015 5:01am
Quoting xmess7
Alright, here is the first official batch of indicators and EA. Please copy all indicators to the /Indicator folder (these are used by the EA and the Indicator) and the EA to the /Experts folder NOTE: For the indicator xm7_FreebieSystem_INI try not to use to many Days input if you are using multiply pairs. You may notice your computer slowing down if say u have the indicator on 12 pairs with input nDays=50. You can try it, just be patient for the each chart to finish what the indicator is asking for. The xm7_pivots by themselves and the EA do not...
Thanks Xmess7 looking to forward to testing
  • #6,640
  • Edited Nov 23, 2015 6:35am Nov 22, 2015 10:04am | Edited Nov 23, 2015 6:35am
Folks:
I updated the EA and Indicator. I had forgotten to add the No Trade on Sunday condition.
This only affects those brokers that ave Sunday Candles.

Also found a 1st bug, it's an error that will not let the EA work. I made the update on both files.
Download them form the following post, for whatever reason I can't edit my previous post:

http://www.forexfactory.com/showthread.php?p=8605696#post8605696
Our AWESOME IMAGINATION is the true holy grail!
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