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Price Action Trading with Indicators! The Freebie System

  • #6,801
  • Dec 4, 2015 10:14am Dec 4, 2015 10:14am
Quoting Checkz
{quote} Mine looks different and some of the options Raptor shows on his page are no where to be seen on mine trading platform i unchecked and checked all the boxes that I saw that were similar to mine {image}
Checkz, any luck? Do u experience the same thing if you use a different broker??
Our AWESOME IMAGINATION is the true holy grail!
  • #6,802
  • Dec 4, 2015 1:26pm Dec 4, 2015 1:26pm
Ok guys:
I have uploaded the updated files to the server: http://xm7.info/ea/freebie
I am going also post them here, for now. There are still changes coming but for now I think these will provide good results.

Changes:
-Slightly shorter names
-Version number (That way in the future when there are changes we can talk to which version we are dealing with)
-Both indicator and EA will tell you if you are missing files and where they belong
-EA now has the correct use of GetHalf_LeaveRestBE (The left over lots have no stop, so potential hugh move or BE. You can decide when to close it or manage it too).
-Indicator functions were updated. (speed is a little better)


The only thing I have not had a chance to see is if the indicator needs to be refreshed. Please keep an eye on this for next week. I think I fixed it but that is yet to be seen.
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v1.ex4   41 KB | 218 downloads
File Type: ex4 xm7_Freebie_Indicator_v1.ex4   45 KB | 249 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #6,803
  • Dec 4, 2015 2:10pm Dec 4, 2015 2:10pm
Just downloaded the updates,got notices about missing indicator and come to find out that the pivot indicator needed to be in the folder but not loaded on the chart. So all is well. I had misunderstood about loading the pivot indi. I thought you meant that I didn't need to load it on the chart.

I had a good week looking forward to a better one next week.
  • #6,804
  • Dec 4, 2015 6:24pm Dec 4, 2015 6:24pm
Quoting keysharp
Just downloaded the updates,got notices about missing indicator and come to find out that the pivot indicator needed to be in the folder but not loaded on the chart. So all is well. I had misunderstood about loading the pivot indi. I thought you meant that I didn't need to load it on the chart. I had a good week looking forward to a better one next week.
Keysharp:
Just be aware that if you load the EA you don't need the pivot indicator. The pivot indi is only for the xm7_freebie_indicator.

In reality u only need the EA to trade. The indicator is there for two reasons.
For our EYES to SEE what is happening and for those folks that only want alerts.
In fact the EA is alot more FASTER and so it won't slow your machine down for any other indicators or EAs you may be using.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,805
  • Dec 4, 2015 6:50pm Dec 4, 2015 6:50pm
I loaded the pivot indi on the platform but not to the chart. Since I did that I now have pivot lines on the charts where I didn't before. However I did get trades without the pivot indi on the platform.
  • #6,806
  • Dec 4, 2015 7:22pm Dec 4, 2015 7:22pm
Quoting keysharp
I loaded the pivot indi on the platform but not to the chart. Since I did that I now have pivot lines on the charts where I didn't before. However I did get trades without the pivot indi on the platform.
Thnx, I understand what you did now and why u got what you got. kewl ONWARD!!
Our AWESOME IMAGINATION is the true holy grail!
  • #6,807
  • Edited Dec 5, 2015 10:17am Dec 4, 2015 10:31pm | Edited Dec 5, 2015 10:17am
Update:
EA and indicator have been updated to version 2. A couple of things were done (see image for some of he details).

1. EA now uses an internal magic number to ensure that only the trades taken by it are counted, modified, or closed.
2. The xm7_pivot now only shows solid lines and labels on current day, the previous days only have dotted lines (this was done to remove some clutter)
3. The xm7_freebie_indicator is getting faster. Modified code to only load the pivots once per day, instead of multiple times per new day.

As usual the updated files can be downloaded @ http://xm7.info/ea/freebie
I made folders that contain the different versions. The indicators folder contains the latest indicators, all previous are placed in different folder.

Any questions/comments let me know
Attached Image (click to enlarge)
Click to Enlarge Name: updatedIndicator.jpg Size: 375 KB
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v2.ex4   41 KB | 201 downloads
File Type: ex4 xm7_Freebie_Indicator_v2.ex4   46 KB | 205 downloads
File Type: ex4 xm7_pivots.ex4   25 KB | 266 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #6,808
  • Edited 3:17am Dec 5, 2015 3:05am | Edited 3:17am
Awesome, loading the updates now. watch this space.
btw, what does the TakeProfit variable relate to?
does it fix the TP after the HalfClose?
If i select Next Pivot, as take profit, aftr hitting the pivot would it open another position or will it wait for next day?
  • #6,809
  • Dec 5, 2015 10:16am Dec 5, 2015 10:16am
Quoting fabio.g
Awesome, loading the updates now. watch this space. btw, what does the TakeProfit variable relate to? does it fix the TP after the HalfClose? If i select Next Pivot, as take profit, aftr hitting the pivot would it open another position or will it wait for next day?

Good questions:

1. TakeProfit can be set for your preferred TP. Then that will be used to calculate the halfway profit point for the HalfClose option.

2. After a trade is closed the EA will look for a new signal. However for the case of HalfClose, when and if the trade is modified by EA to BE with no TP, the EA will not llok for new trades until the current trade hits BE or you close the trade with a huge PROFIT
Our AWESOME IMAGINATION is the true holy grail!
  • #6,810
  • Edited 1:27pm Dec 5, 2015 1:17pm | Edited 1:27pm
Quoting xmess7
{quote} Good questions: 1. TakeProfit can be set for your preferred TP. Then that will be used to calculate the halfway profit point for the HalfClose option. 2. After a trade is closed the EA will look for a new signal. However for the case of HalfClose, when and if the trade is modified by EA to BE with no TP, the EA will not llok for new trades until the current trade hits BE or you close the trade with a huge PROFIT
Maybe you should had an option to AutoClose after HalfClose (with BE activated and calculated as if for now with TP=0) at TargetMaxPips!!! not sure if it make sense.
  • #6,811
  • Edited Dec 6, 2015 12:18am Dec 5, 2015 2:17pm | Edited Dec 6, 2015 12:18am
Quoting fabio.g
{quote} Maybe you should had an option to AutoClose after HalfClose (with BE activated and calculated as if for now with TP=0) at TargetMaxPips!!! not sure if it make sense.
You mean have a TargetMaxPips instead of leaving it open the way it is now, right?? I'll consider that but for now lets leave it as so, cause then the inputs may get confusing.

For now think of it this way. If you get HALF Profit then that means that the open trade is TOTALLY FREE cause the worse case is break even.
Profit is the main objective, and in this fashion since you already have half the PROFIT. Who cares if the other half hits BE? But, if that other half hits +1000 pips, well then we do care, right? LOL .
Our AWESOME IMAGINATION is the true holy grail!
  • #6,812
  • Edited Dec 6, 2015 4:29am Dec 5, 2015 6:26pm | Edited Dec 6, 2015 4:29am
Guys, I know you are all trying out the XM7 system and I hope the testing is going good. At the same time, I have developed an EA which uses the system discussed by Dredding using the conditions as below. So, feel free to test the EA on demo and update the results here so that we can identify the changes that needs to be done at a faster rate to make a more robust EA combining XM7's system and mine.

1) Semafor top or bottom
2) HA candle close red/green
3) Stochastic sell/buy confirmation

The EA currently opens two trades one with takeprofit at same pips as stopLoss and the second trade takeprofit at twice the stopLoss pips there by having risk/reward as 1:2 ratio. The EA works on any timeframe and any symbol. Currently I am setting the stopLoss as Semafor top/bottom plus 10 pips.

You can use the option UseSignalsForClosing to close the already open trades if we get a opposite signal invalidating the earlier one. The UseBreakEvenStop option will set the stopLoss to breakeven once the trade is in profit of more than the breakevenPips size.

I tested this EA on USDJPY using H1 data for the last 2 weeks and results seem good. I want to see how the EA performs in forward testing. so your inputs is greatly appreciated.

I am thinking on how to properly include pivots also while opening the trade for filtering high probable trades , need to work on it.
Attached File(s)
File Type: ex4 3_Level_ZZ_Semafor_New.ex4   21 KB | 255 downloads
File Type: ex4 Heiken Ashi.ex4   11 KB | 228 downloads
File Type: ex4 SemaforEA.ex4   110 KB | 223 downloads
  • #6,813
  • Dec 6, 2015 6:03am Dec 6, 2015 6:03am
Quoting bhaskaruni
Guys, I know you are all trying out the XM7 system and I hope the testing is going good. At the same time, I have developed an EA which uses the system discussed by Dredding using the conditions as below. So, feel free to test the EA on demo and update the results here so that we can identify the changes that needs to be done at a faster rate to make a more robust EA combining XM7's system and mine. 1) Semafor top or bottom 2) HA candle close red/green 3) Stochastic sell/buy confirmation The EA currently opens two trades one with takeprofit at same...
Well i am here to help you developing, i got one demo on your EA, but I would suggest you create a specific discussion post (I cannot come up with the proper name right now) for this EA, so we wont overlap, and confuse the developers.
https://www.myfxbook.com/members/fabiogeraci/semaforea/1444714
  • #6,814
  • Dec 6, 2015 6:35am Dec 6, 2015 6:35am
as a first, I understand all those printing statement are for debugging, but I trying to carry out a simple backtest, and all that printing is slowing it down.
  • #6,815
  • Edited 7:27am Dec 6, 2015 7:14am | Edited 7:27am
Quoting xmess7
{quote} You mean have a TargetMaxPips instead of leaving it open the way it is now, right?? I'll consider that but for now lets leave it as so, cause then the inputs may get confusing. For now think of it this way. If you get HALF Profit then that means that the open trade is TOTALLY FREE cause the worse case is break even. Profit is the main objective, and in this fashion since you already have half the PROFIT. Who cares if the other half hits BE? But, if that other half hits +1000 pips, well then we do care, right? LOL .
I have just noticed that I can activate Notification, hmmmmm
new link
https://www.myfxbook.com/members/fabiogeraci/freebiedemo/1444764
  • #6,816
  • Dec 6, 2015 8:55am Dec 6, 2015 8:55am
Hi xmess7, pls am not a programmer but i want to ask pls don't be angry if it's a dumb question. I don't want the Ea to trade for me all I need is the arrows showing were to enter a trade. can I use only the xm7 freebie indicator to achieve this without the ea. If yes pls reply with any advice to [email protected] to tell me how I can accomplish this or make a post on how to trade without the Ea but with only the signal arrow thanks.
  • #6,817
  • Dec 6, 2015 10:04am Dec 6, 2015 10:04am
Quoting leougo
Hi xmess7, pls am not a programmer but i want to ask pls don't be angry if it's a dumb question. I don't want the Ea to trade for me all I need is the arrows showing were to enter a trade. can I use only the xm7 freebie indicator to achieve this without the ea. If yes pls reply with any advice to ([email protected]) to tell me how I can accomplish this or make a post on how to trade without the Ea but with only the signal arrow thanks.

Luego:
Thnx for the question. You can will be our tester to see if the "notifications" of the indicator and EA work. I think the EA's notifications work so for now concentrate on the freebie_indicator. AS you may know the indicator had a bug, it would not detect the latest signals and you had to RE-LOAD it manually in order to see all the signals. An update to fix this was done last Friday. So with that said, please use only the indicator to test and see if notifications are working . I am going to show two ways to get only "notifications" but for now just use the indicator as explained on #1 below.

There are two ways you can receive just the signals, without a trade happening

1. Load ONLY the xm7_freebie_indicator and set the bottom 3 inputs to what you need. See EA input image below (the indicator has similar inputs at the bottom too).

2. Load ONLY the EA and then under the the "common" tab un-check "Allow live trading" (see image with common tab bellow). Then set the bottom 3 inputs to what you need.

Hope this helps and let us know if you are getting the signals as they are detected by the indicator.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uncheckAllowTrading.jpg Size: 71 KB
Click to Enlarge Name: freebie_notifications.jpg Size: 111 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #6,818
  • Dec 6, 2015 10:26am Dec 6, 2015 10:26am
Quoting fabio.g
{quote} as a first, I understand all those printing statement are for debugging, but I trying to carry out a simple backtest, and all that printing is slowing it down.
Backtests don't really make any sense cause the EA looks to the upper TF. You only have one TF when u are backtesting, so even if the EA gets an upperTF value it is not the right one.

The print statements don't slow it down. Even if I took it off, the EA would act the same. It's the loops it has to go thru when it tests for pivot failures. It has to check each pivot line to find out which one the candle is failing. Even though the pivots are now calculated only once at the start of the day the EA still has to test each of the 12 pivots whenever it detects a possible entry. But before it does that the candle has to pass the other tests as stated in page 1.

In my opinion forward testing is the only way to really test this EA or indicator.

Now there is a way we can sort of get it to do backtesting. I can modify the EA to do this.
Let me know if u are interested and I'll send u a copy of a modified version so u can test it.

Hec who knows that may be better LOL.

Let me know.
Jess
[email protected]
Our AWESOME IMAGINATION is the true holy grail!
  • #6,819
  • Dec 6, 2015 10:36am Dec 6, 2015 10:36am
Quoting bhaskaruni
Guys, I know you are all trying out the XM7 system and I hope the testing is going good. At the same time, I have developed an EA which uses the system discussed by Dredding using the conditions as below. So, feel free to test the EA on demo and update the results here so that we can identify the changes that needs to be done at a faster rate to make a more robust EA combining XM7's system and mine. 1) Semafor top or bottom 2) HA candle close red/green 3) Stochastic sell/buy confirmation... }
bhaskaruni: I am curious to see how the EA will do. Fabio's testing will be interesting to see. The key is the 3sema indicator. In forward testing you may get more trades that you didn't expect since that indicator repaints. Is the semafor indicator you provide one of those that was programmed not to change after candle was closed?

When you get a chance could you please explain(send me an email) your code for detecting the semafor on top or bottom? In some of my testing (freebie indicator only) I ran into a discrepancy that made no sense and I want to see if your semafor detection approach was different.

Jess
([email protected])
Our AWESOME IMAGINATION is the true holy grail!
  • #6,820
  • Dec 6, 2015 11:08am Dec 6, 2015 11:08am
Hi xmess7, I have succeeded in installing the indicators it is saying that it works only on 15min. time frame. it is not showing any arrows, not even the previous arrows showing entries of the past.
Attached Image (click to enlarge)
Click to Enlarge Name: FreeBie Indicator v1.png Size: 46 KB
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