Price Action Trading with Indicators! The Freebie System

Checkz, my settings are as downloaded from xmess7. The only change I made was the lot size. The indi indicator I changed the three to a one. I had a failed buy trade at 6:45 and the US unemployment news took it out, bummer.

I had 2 green arrows where the blue box is on my chart and now I have sell arrows so im trying to figure out how you got a buy signal when the indi is was saying sell all of a sudden. I also noticed that you have no arrows on your chart.

I do have arrows now and earlier I had green arrows so I don't know what's going on. As for my failed buy trade, I thought it was correct because it followed a failed pivot and opened after the close of the second green candle. It's just a shame that news caused the trade to fail.

Guys, keep collexting the data, especially the time and direction

I will review them this weekend to see what is happening. Make sure u r using the latest EA. Cause the previous one had a trade erroe and that would explain the missed trades. As for the indi, the latest version has the days set ti 1. So make shure u have that as well.

bhaskaruni: Could you please give me a detailed approach of how you use this indicator? A step by step would be great... it would give me the rules that I can use to create the program.

So this leads me to this - 3Sema recalculation or repaint as they say:
I noticed that at the beginning of the week the upper trend was long. But as is expected price came down and knocked out the green 3sema dot. In addition a new red 3sema dot briefly appeared yesterday. Anyhow when the indicator recalculates, it looks again at the days u specified. So long story short, the repaint or recalculation on the 3sema Daily that happened yesterday would erase Mondays and Tuesdays long indications and change them all to short. So now you would see all the green arrows go away and new red arrows appear as the new day started. This is what keysharp was experiencing when all of a new red arrows appeared instead of the green ones that had been seen the days before.. This is the risk that we take with the 3sema. It can cause these types of changes.

I been thinking of other ways to detect the higher trend direction. It has to be robust and simple as possible. For example maybe I could use the Awesome Oscillator combined with the price being above or below the open of the previous day. Or I could look for at least two semaDots that are lower/lower or higher/higher. The good thing about the upper TimeFrames is that things are generally slow so we have a chance at grabbing some idea of the direction.

A couple of more things. The EA and Indi will record a trade that is dropped due to the daily average range test. If you are using this then you can go to the EXPERTS tab and see the time and price that the EA or Indicator dropped the trade. This can provide you with a verification to see if the trade that was missed was due to it being dropped by the EA or Indi. At the moment I did not record the Symbol but in the next version I will clear that up.

Keysharp:
I noticed a bug in the indicator, it inadvertently loads a lot more days than what you specify in the input when the ne days comes or there is a change in the EA. So I will address that issue.

Guys:
If you see my typing get real bad it's cause I am doing this from a cell phone LOL. So please patience...

xmess7, you can do no wrong! My hat is off to you and your work.

No thanks you yet!
Lets save that for the day when one of us does a real profit and in addition for the week/months after that when the EA is CONSISTENT in profit.

Anyhow. I think I have the INDI issue fixed. It looks like it is loading faster now. I can't tested real time right now cause I am in restricted area (no connection to a MT4 server) so all I see for now is history. I made some adjustments to the INDI code and it seems to be loading a lot faster.

In addition I added text that will show up above the TOP PIVOT for each day. The text will be a label that tells u the direction the INDI caught for the upper trend.

Guys, just take a moment to think about the daily trend direction. Any other ideas are welcomed. Especially those ideas that are the simplest.

Once I get home (in a couple of hours) I'll send all the updated files.

PEACE

Guys, just take a moment to think about the daily trend direction. Any other ideas are welcomed. Especially those ideas that are the simplest. Once I get home (in a couple of hours) I'll send all the updated files. PEACE[/quote]

How about a 20 ema on daily or
heikin ashI candle red or blue ?

How about just using Dredding82 MTF HA indicator for trend direction.

Checkz, HighFivve:

Good thing I didn't delete the old EA that I was working with Dredding LOL. Cause in that EA we used the MTF HA thingy...

HighFivve:
When u say 20MA on a daily u mean, long above and short below 20MA right?

I am thinking of using the Awesome Oscillator in combination with daily close above previous day close.

In the next version I will add some of these approaches. It will be a drop list so we can each pick what we prefer.

In the meantime here are updated files. I think I solved the indicator speed and random input days input. When selecting 1 or 2 days the indicator loads faster then before. If you pick a higher number for days you can start to see it bit of a slow down.. this is only on initial loading and or when u change the indicator settings. Otherwise if u leave it alone it will run good with no slowdown. This is also true even if u use say nDays=10. On initial load it may take a good while but once loaded and if u don't touch then no problems.

I added to the indicator a label to for each day(see attached image). It shows what the Indi detected for an upper TF trend (LONG or SHORT). So no need to flip to the Day TF to see the 3sema (or whatever in the future). I tried to center the Labels but I couldn't so I placed an arrow to show which day it is pointing too. Any questions let me know.

Oh one more thing. In order to make the EA much faster I implemented code that calculates the Daily Range, so no need for xm7_pivots for this EA. So let me know if there are problems with the failed pivots.

Oh yea, I fixed the messages on the EXPERTS Tab. So once in a while take a peak, especially if u think the EA missed a trade.

Yes sir buys above sell below . thanks for the effort .

Had a buy trade in early morning, with a green arrow. Trade went south so took another loss. Doesn't look like an ea defect just unfortunate price movement.

2015.11.27 08:59:59.066 cannot open file 'C:\Users\Jon\AppData\Roaming\MetaQuotes\Terminal\7F3EF561E42815388D4A6200AA5AE4FD\MQL4\indicators\3_Level_ZZ_SemaforXm7.ex4' [2]
This is the comment I get in the expert notification window on the chart. This broker is ForexBrokerInc. Does anybody know what this means. The Semafor indi is on the chart and seems to be working.

My chart does not show a arrow at the same place as yours, maybe it's because the stochs had not crossed on the first candle however they had crossed on the second green candle. The EA did take the other trade like yours.

I'm trying to trade more than one lot so that I can test the Close half leave rest BE. What should be changed on the EA. I tried to change the fixed lot size but it did not take the trade when i did it once before.

That means that the indicator is not in that folder. Make sure u have the indicator in that very folder that it tells you. Which is:
C:\Users\Jon\AppData\Roaming\MetaQuotes\Terminal\7F3EF561E42815388D4A6200AA5AE4FD\MQL4\indicators

If you want you can change the folder to where the MT4 program is located instead of using this folder.
Let me know,
Jess

The lotzsize only works if you have the MoneyManagementType set to Fixedlots.

In my case I just changed the PercentRisk to 3 (3%). That usually gives me more lots than 1.

Well I got a tougher bug to fix. I am running the EA on two machines. One is my design machine (where I create the programs) and the other is the test (that I have the EA on 4 pairs). This morning just as 7PM Pacific Time hit I noticed that on my design machine I got an trade on EURUSD. Checked everything and it looked good. Then I put the indicator on, to see if it shows a green arrow. Then I noticed two things:

1. The indicator did not show a green arrow, not until I refreshed it (hmmm should not have to do this).

2. I looked at the other machine with the 4 pairs... no trade on EURUSD.

One thing I noticed was that right before the new candle showed up it took several seconds, like there was a pause. I have seen this before but I am wondering if that pause caused the EA to forget it had to take a trade.... but that didn't happen on my design machine.. hmm. The only other difference is that I have 4 pairs active with the EA vs just 1 on the design. Could it be that the EA didn't know which pivots to use and saw all the pivots for all the pairs? Naw don't think so.

So I hate to say it but I will have to be sitting around to SEE another trade and analyze everything as it happens so I can get a better idea of why the EA didn't take a trade when on one machine it did.

Oh one more thing. When the EA takes a trade, it stops looking for anymore signals. Only when the trade is closed will it start to look for new signals. Keep that in mind.

Checkz:
Looks like u got the last trade I saw on my design machine. But notice there is no green arrow. If u refresh the indicator you should see the arrow. The indicator doesn't concern me as much cause I guess I could do a auto refresh but it's the EA that has me thinking. For example would your trade of happened IF you had the EA on more pairs???

OK OK I GOT AN IDEA to MAKE SURE THE EA only reads it's own pivots per symbol. OH I forgot to mention why I think it's a pivot problem. This morning when I took a quick check, just for kicks I wanted to see what the symbols were reading for today's pivots. Well on one of the pairs the pivots where 0s!!! So I did some debugging and well I didn't see any problems, matter of fact after a while I looked again and this time all the pivots where showing UP!!!!. Weird. So maybe the pivots are not being seen or that the EA when u use it on more pairs it sees the other pivots (this should not happen). Anyhow there is one way for SURE that I can fix the pivots and even u guys will be able to SEE them and that way verify by comparing them to any of the other pivot indicators.

Stay tuned. I'll do this in a bit and send the updated EA. OF course I'll show u how to look the pivots up.