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Price Action Trading with Indicators! The Freebie System

  • #6,661
  • Nov 24, 2015 12:05am Nov 24, 2015 12:05am
EA just took it's first trade long on Eur/Usd
  • #6,662
  • Edited 1:20am Nov 24, 2015 1:08am | Edited 1:20am
Yes I saw the EURUSD trade show up on the Indicator too. Of course this was after I fixed a couple of things LOL. There were alot of errors in the file.
I am still working on making it faster. For now just be patient. I set it to 1 Day so the hit won't be that bad. On the EA side I am not using the xm7_pivot but instead the EA will now calculate the pivots on the fly (much faster). You can now use a different pivot indicator like PWDM to put right over the EA. Much faster. As for the indicator for now just place all the indicators except the xm7_pivots (the indi will draw that).

Anyhow here are the EA and Indicator updates.
EA:
Choice to use AutoTrend (higher trend)
Choice to use range to test trade for enough room (TestTradeOn_AverageRange: Yes or No)
If TestTradeOn_AverageRange=Yes then if a trade is dropped the EA will print a message on the Expert Tab with the date the trade was dropped

INDICATOR:
Choice to use range to test trade for enough room (TestTradeOn_AverageRange: Yes or No)
If TestTradeOn_AverageRange=Yes then if a trade is dropped the EA will print a message on the Expert Tab with the date the trade was dropped

Lets see if this helps.
Attached File(s)
File Type: ex4 xm7_FreebieSystem_EA.ex4   40 KB | 246 downloads
File Type: ex4 xm7_FreebieSystem_INDI.ex4   31 KB | 259 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #6,663
  • Nov 24, 2015 1:13am Nov 24, 2015 1:13am
Folks:
Once the EA is working I will add info stuff like % gained per week, % gained since you started... last trade taken and profit/loss.. stuff like that.
And I will add for example % profit or $ targets for week, day or whatever. This will be later on when we see that the EA is taking all the trades correctly as the rules dictate.

Remember the uptrend thing is open for debate. Any ideas will be welcomed. I can add the idea as an option so the user can pick what they want for detecting higher TF trend direction.

If anyone has a crystal ball that can tell the future I can program that too LOL

Our AWESOME IMAGINATION is the true holy grail!
  • #6,664
  • Nov 24, 2015 1:41am Nov 24, 2015 1:41am
Quoting xmess7
Yes I saw the EURUSD trade show up on the Indicator too. Of course this was after I fixed a couple of things LOL. There were alot of errors in the file. I am still working on making it faster. For now just be patient. I set it to 1 Day so the hit won't be that bad. On the EA side I am not using the xm7_pivot but instead the EA will now calculate the pivots on the fly (much faster). You can now use a different pivot indicator like PWDM to put right over the EA. Much faster. As for the indicator for now just place all the indicators except the xm7_pivots...
Thanks
  • #6,665
  • Nov 24, 2015 2:27am Nov 24, 2015 2:27am
Woke up at 3:15 AM and saw that my ea also took a buy. It is working in profit and I am going back to bed.
  • #6,666
  • Nov 24, 2015 7:26am Nov 24, 2015 7:26am
Put in the new version and had another buy shortly thereafter. Turned a profit.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDecnM15.png Size: 31 KB
  • #6,667
  • Nov 24, 2015 10:51am Nov 24, 2015 10:51am
The EA only placed 1 trade so far and missed 3 Long trades marked by red lines in chart. My trading settings are yes auto trend and no test trade on avg.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (18).png Size: 50 KB
  • #6,668
  • Nov 24, 2015 11:06am Nov 24, 2015 11:06am
@xm7 does the EA work for backtesting? I heard repainting indicators does not give correct results in backtesting.
  • #6,669
  • Nov 24, 2015 11:08am Nov 24, 2015 11:08am
Checkz, you did miss one long. My settings are not changed.
  • #6,670
  • Nov 24, 2015 11:57am Nov 24, 2015 11:57am
Quoting bhaskaruni
@xm7 does the EA work for backtesting? I heard repainting indicators does not give correct results in backtesting.
The only way for it to work on the strat is to not use autotrend nor the range. Then u should only have the 15min tf with the rules except no upper trend consideration.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,671
  • Nov 24, 2015 11:58am Nov 24, 2015 11:58am
Quoting Checkz
The EA only placed 1 trade so far and missed 3 Long trades marked by red lines in chart. My trading settings are yes auto trend and no test trade on avg. {image}
Awesome catch. I will examine the latest EA to see what happened.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,672
  • Nov 24, 2015 12:57pm Nov 24, 2015 12:57pm
xmess7, before you get too envolved with changes, note I had another buy trade after the trade that Checkz and I had. So be careful.
  • #6,673
  • Nov 24, 2015 1:29pm Nov 24, 2015 1:29pm
anyone using SHI channel for extra confirmation along with zzSemafor?
Attached File(s)
File Type: mq4 SHI_Channel.mq4   5 KB | 177 downloads
  • #6,674
  • Nov 24, 2015 1:45pm Nov 24, 2015 1:45pm
I see a strong sell on EUR USD H4 chart after failing the weekly pivot level at 1.06746 and the stochastic about to cross down for sell confirmation. Even the SHI channel mid line also coincides with the resistance level in H4 chart. Need to see whether the HA candle close in red or not for entering the trade. What do you say guys? Look at the vertical line for the point of trade I was talking about..

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 53 KB
  • #6,675
  • Nov 24, 2015 2:30pm Nov 24, 2015 2:30pm
I use the channel in manual trading on the 15M frame. I don't see a set up for the ea on the 15m chart. there seems to be no room for movement.
  • #6,676
  • Nov 24, 2015 10:48pm Nov 24, 2015 10:48pm
Quoting keysharp
xmess7, before you get too envolved with changes, note I had another buy trade after the trade that Checkz and I had. So be careful.
Keysharp: show me a chart. According to what I have there should of been two EURUSD trades today. I only got one of them so I need to see why the last one was not caught. I want to compare and see if we got the same two trades, or did u have more?

Checkz: Check this out. This is the reason the EA did not take the trades. Check your stoch settings. I compared what I have with what's on your image and there is a difference. I placed the setting that I got directly from Dredding back in the day.

There is however one more trade right at the end of the day (for my broker). I don't show it on this image, I will check to see what happened.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD FReebie .png Size: 32 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #6,677
  • Nov 24, 2015 11:05pm Nov 24, 2015 11:05pm
Ok, found out that the second EURUSD trade was not taken because there was an error. The EA could not read the Ticket for the trade.
So I found a bug and fixed it. Attached is the updated version. Please download and use it as the previous versions will have this bug and of course trades can and will be missed cause of it.
Attached File(s)
File Type: ex4 xm7_FreebieSystem_EA.ex4   40 KB | 239 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #6,678
  • Nov 24, 2015 11:32pm Nov 24, 2015 11:32pm
Quoting xmess7
{quote} Keysharp: show me a chart. According to what I have there should of been two EURUSD trades today. I only got one of them so I need to see why the last one was not caught. I want to compare and see if we got the same two trades, or did u have more? Checkz: Check this out. This is the reason the EA did not take the trades. Check your stoch settings. I compared what I have with what's on your image and there is a difference. I placed the setting that I got directly from Dredding back in the day. There is however one more trade right at the...
Ok thanks I will check my stoch settings
  • #6,679
  • Nov 25, 2015 4:00am Nov 25, 2015 4:00am
xmess7, here is my screen shot of the two buy trades.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDecnM15.png Size: 31 KB
Sorry so late, but I am on eastern time zone. Did anybody get a trade on that massive run south. I had my ea off for the night and missed it.
  • #6,680
  • Nov 25, 2015 4:34am Nov 25, 2015 4:34am
Quoting keysharp
xmess7, here is my screen shot of the two buy trades.{image} Sorry so late, but I am on eastern time zone. Did anybody get a trade on that massive run south. I had my ea off for the night and missed it.
Do you mind telling me what settings you have your EA on cause I am not getting the same trades you are getting also do you have the freebie indicator on your chart?
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