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Price Action Trading with Indicators! The Freebie System

  • #6,761
  • Dec 2, 2015 3:16am Dec 2, 2015 3:16am
Quoting pp22
{quote} I had a GPD/USD long at 9:15est dec. 1 that hit its TP Ive been running this EA, updating the files as xmess7 so graciously updates them and have over 40 trades taken. Over 20 in the last 24hours as I put it on like 20 different charts lol
NOTE:
I just looked at the EXPERT TAB and saw that the EA did not take the GBPUSD trade. In my case the EURUSD trade had a larger lotsize that took up the margin. So there was not enough margin left for the GBPUSD trade, otherwise it would of also triggered. I am using a higher Risk too and that is why the lotsize for EURUSD took up the margin.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,762
  • Dec 2, 2015 3:17am Dec 2, 2015 3:17am
Quoting fabio.g
Here it is, a demo account for everyone to check https://www.myfxbook.com/portfolio/xm7-demo/1314024
Fabio:
I was able to get in with this link
http://www.myfxbook.com/members/fabiogeraci/xm7-demo/1314024
Our AWESOME IMAGINATION is the true holy grail!
  • #6,763
  • Dec 2, 2015 3:57am Dec 2, 2015 3:57am
Quoting xmess7
{quote} Fabio: I was able to get in with this link http://www.myfxbook.com/members/fabiogeraci/xm7-demo/1314024
Jess, could or could not get there?
  • #6,764
  • Dec 2, 2015 10:30am Dec 2, 2015 10:30am
Quoting fabio.g
{quote} Jess, could or could not get there?
As posted above: I was able to get in with the link that I show that's because the link you provided did not allow me to see the demo account info.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,765
  • Dec 2, 2015 10:33am Dec 2, 2015 10:33am
Quoting fabio.g
{quote} Jess, could or could not get there?
BTW just FYI. Your title should actually be Freebie demo. No biggie, just thought that credit should be given to Dredding .
Our AWESOME IMAGINATION is the true holy grail!
  • #6,766
  • Dec 2, 2015 10:58am Dec 2, 2015 10:58am
Quoting xmess7
{quote} BTW just FYI. Your title should actually be Freebie demo. No biggie, just thought that credit should be given to Dredding .
i will change asap, btw bad day for the ea, thankfully ot is a demo

i will email you logs so you could have a look at it..
  • #6,767
  • Dec 2, 2015 12:17pm Dec 2, 2015 12:17pm
Quoting fabio.g
{quote} i will change asap, btw bad day for the ea, thankfully ot is a demo i will email you logs so you could have a look at it..
So far the EA is doing what it was programmed to do. At least on my platforms: TradeKing and Oanda.
In the last version of the EA it has correctly place trades and have tested the following choices:

1. RiskPercent
2. Fixlot
3. GetHalf_SetRestToBe (Yes and No)
4. 1 to 1 Target profit.

A couple of more things to test and I will move on to the next phase. In the mean time think of upper Trend approaches. Anything you can imagine I can program.. LOL

In my opinion that EA is successful. In live trading I would not continue to trade if my day was a profitable one. Plus I would be doing this at the higher TFs. the 15min tend to have so much whiplash. The only requirement for the upper TFs is patience.

Anyhow onward, do not be discouraged, Dredding lived off this trading approach and we can do the same. The answer is right here and now....
Our AWESOME IMAGINATION is the true holy grail!
  • #6,768
  • Dec 2, 2015 1:45pm Dec 2, 2015 1:45pm
Quoting xmess7
{quote}
All EAs need time to get debugged and optimized.

As far as trend detection you might want to have a look at this indi:
https://www.forex-tsd.com/forum/debates-discussions/indicators-expert-systems-and-tools/metatrader-4/863-schaff-trend-cycle

I will let the demo running, let me know if you want to have a look at the logs.
  • #6,769
  • Dec 2, 2015 1:56pm Dec 2, 2015 1:56pm
Jess,
please check, and I have refreshed the indi, and apart from EurUsd, all pair open trades in the opposite direction of the indi.
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  • #6,770
  • Dec 2, 2015 4:43pm Dec 2, 2015 4:43pm
Quoting fabio.g
Jess, please check, and I have refreshed the indi, and apart from EurUsd, all pair open trades in the opposite direction of the indi. {image} {image} {image} {image} {image}
Fabio:
Which broker are u displaying? lus does it have a Sunday candle or not?

I was just looking at that and noticed that if a broker has no Sunday candle that the EA may not be calculating the pivots correctly, MAYBE.

Send the logs over and do this before the day is over. On each pair open a new chart to the daily timeframe and just place the 3sema indicator by itself on it send me a screenshot of what the D1 is showing. This will at the least tell me what the EA was looking at in terms of the upper trend.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,771
  • Dec 2, 2015 7:46pm Dec 2, 2015 7:46pm
Quoting xmess7
Here are the settings I am using on Oanda. I am also testing the fixlot @ 1 lot and the GetHalf_setBE. Added another screen shot of other tab too. {image}
So the Percent risk has to be the same as the fixed lot size you are trading like I have in my chart if I want to trade 0.2 lots? I want to test small lot sizes because we are in the testing phase of this EA this is why i'm not trading 1.0 lots like you have shown in the pic you posted. Is what I have on my pic correct?
Attached Image (click to enlarge)
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  • #6,772
  • Dec 2, 2015 10:50pm Dec 2, 2015 10:50pm
Quoting Checkz
{quote} So the Percent risk has to be the same as the fixed lot size you are trading like I have in my chart if I want to trade 0.2 lots? I want to test small lot sizes because we are in the testing phase of this EA this is why i'm not trading 1.0 lots like you have shown in the pic you posted. Is what I have on my pic correct? {image}
First off the way you have it setup will let you trade a fixed lotsize of 0.2 lots. But to answer your question if the Percent risk has to be the same as the fixed lot size, the answer is Nope.

The lotsize depends on what MoneyManagement Type (MMType) you pick.
If you pick MMType = LotSizeBasedOnRisk then the EA uses the RiskPercent input to figure out the LotSize that will yield that risk if your trade hits SL.
If you pick MMType=FixedLot then the EA looks to see what you have in the FixLotSize input and uses that to trade with.

For example I want to the trade to use a lotsize to 10.4 lots:
I set MoneyManagement Type=>FixedLot and then I set the FixLotSize=> 10.4
Or if I want the EA to automatically calculate my lotsize but only want to risk say 3.3% of my account per trade then:
I set MoneyManagement Type=>LotSizeBasedOnRisk and RiskPercent=>3.3

In either case the EA ignores the other input and only looks for the input that corresponds to the MMType you picked.

Hope that makes sense.

If been trading since last nite on Oanda and have had several trades with no problems. I used the FixedLot MMType with a 1.0 lotsize. IF u are still having problems let me know maybe we can Teamviewer and I can help you with whatever may be happening.

Here is what I have seen to day so far on Oanda. I am using the GetHalf_LeaveRestBE so you will see alot of half lots taken.
Attached Image (click to enlarge)
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Our AWESOME IMAGINATION is the true holy grail!
  • #6,773
  • Dec 2, 2015 11:00pm Dec 2, 2015 11:00pm
Quoting fabio.g
Jess, please check, and I have refreshed the indi, and apart from EurUsd, all pair open trades in the opposite direction of the indi. {image} {image} {image} {image} {image}
Fabio I need to see some logs dude.. This is weird.... do u still have the "allow trade modification" checked??
Our AWESOME IMAGINATION is the true holy grail!
  • #6,774
  • Dec 2, 2015 11:11pm Dec 2, 2015 11:11pm
Quoting xmess7
{quote} First off the way you have it setup will let you trade a fixed lotsize of 0.2 lots. But to answer your question if the Percent risk has to be the same as the fixed lot size, the answer is Nope. The lotsize depends on what MoneyManagement Type (MMType) you pick. If you pick MMType = LotSizeBasedOnRisk then the EA uses the RiskPercent input to figure out the LotSize that will yield that risk if your trade hits SL. If you pick MMType=FixedLot then the EA looks to see what you have in the FixLotSize input and uses that to trade with. For example...
So if I want to trade 0.2 lots I just pick mmtype fixed lot and then set fixed lot sized to 0.2 lot and don't worry about changing the Risk percent
  • #6,775
  • Dec 2, 2015 11:40pm Dec 2, 2015 11:40pm
Quoting Checkz
{quote} So if I want to trade 0.2 lots I just pick mmtype fixed lot and then set fixed lot sized to 0.2 lot and don't worry about changing the Risk percent
That's correct.. if your interested I can show you the code , the part where it picks the lotsize LOL Just kidding
Our AWESOME IMAGINATION is the true holy grail!
  • #6,776
  • Edited Dec 3, 2015 12:36am Dec 2, 2015 11:59pm | Edited Dec 3, 2015 12:36am
Quoting xmess7
{quote} That's correct.. if your interested I can show you the code , the part where it picks the lotsize LOL Just kidding
I used the EA from your site and I still did not get into this trade on Eur/aud here's my chart what am I doing wrong? Sorry for all the questions.
Attached Image (click to enlarge)
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  • #6,777
  • Dec 3, 2015 12:56am Dec 3, 2015 12:56am
Quoting Checkz
{quote} I used the EA from your site and I still did not get into this trade on Eur/aud here's my chart what am I doing wrong? Sorry for all the questions. {image}
No problem, we'll get you going soon.

You're settings are correct but I don't see the EURAUD trade. There is a 3sema, a green Heiken, and a stoch cross but I don't see the failed pivot point at the green heiken ash candle. Is that right or am I missing something?
Our AWESOME IMAGINATION is the true holy grail!
  • #6,778
  • Dec 3, 2015 12:58am Dec 3, 2015 12:58am
Quoting xmess7
{quote} No problem, we'll get you going soon. You're settings are correct but I don't see the EURAUD trade. There is a 3sema, a green Heiken, and a stoch cross but I don't see the failed pivot point at the green heiken ash candle. Is that right or am I missing something?
Failed pivot is the burgundy line it's a mid 2 pivot
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  • #6,779
  • Edited 2:26am Dec 3, 2015 1:14am | Edited 2:26am
I don't know if it's a problem with me downloading the EA from your site, or if you are using different pivots. It maybe easier if the newest EA and Pivots were placed here. What do you think?
  • #6,780
  • Dec 3, 2015 4:05am Dec 3, 2015 4:05am
Quoting xmess7
{quote} Fabio: Which broker are u displaying? lus does it have a Sunday candle or not? I was just looking at that and noticed that if a broker has no Sunday candle that the EA may not be calculating the pivots correctly, MAYBE. Send the logs over and do this before the day is over. On each pair open a new chart to the daily timeframe and just place the 3sema indicator by itself on it send me a screenshot of what the D1 is showing. This will at the least tell me what the EA was looking at in terms of the upper trend.
jess
i am on fxpro and on a first look i dont think it shows sunday candle, as you said maybe something to look into it
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