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Price Action Trading with Indicators! The Freebie System

  • #6,941
  • Dec 11, 2015 2:11am Dec 11, 2015 2:11am
FxPRo status update.
Problem: Trades are taken in opposite direction and did not correlate with the indicator arrows

Fabio:
I know you are using icMarkets but I had to figure out the FxPro problem. I am now using using version 3. See image, first trade was taken shortly after and looks ok. Lets see how it continues.
Attached Image (click to enlarge)
Click to Enlarge Name: Freebie_FXPRO DEBUG3.jpg Size: 262 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #6,942
  • Dec 11, 2015 3:10am Dec 11, 2015 3:10am
Quoting xmess7
Update. Please download version 3. Aside from updates to the indicator, the EA and indicator can handle stocks with server start time GMT+3 ( around 4pm PST). I am preparing the indicator to also be able to handle stocks. I recall Dredding would also trade stocks and gold, was successful too. As always all updates are always available at http://xm7.info/ea/freebie {file} {file}
Can V3 be used on higher time frames?
  • #6,943
  • Dec 11, 2015 6:45am Dec 11, 2015 6:45am
Quoting xmess7
FxPRo status update. Problem: Trades are taken in opposite direction and did not correlate with the indicator arrows Fabio: I know you are using icMarkets but I had to figure out the FxPro problem. I am now using using version 3. See image, first trade was taken shortly after and looks ok. Lets see how it continues. {image}
Jess what setting are you using with V3? this is what I got so far today.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
  • #6,944
  • Dec 11, 2015 7:11am Dec 11, 2015 7:11am
Quoting bhaskaruni
{quote}
so far today
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 70 KB
  • #6,945
  • Dec 11, 2015 8:41am Dec 11, 2015 8:41am
Jess,

I'm testing with the xm7_FreebieSystem_EA_Mulit.ex4. So far I like the signals better with the UseAutoTrend setting of HA. One thing that happened which I didn't expect, is when I placed the EA on the EURUSD chart, it immediately placed a buy order. I think there was a setup a few bars early, but it never drew an arrow.

Also, I'm having a hard time seeing the "failed at pivot" on the charts for the signals. I have the xm7_pivots on my chart, with these settings:
Days 5
MyPeriod 1440
Pivots Daily
Show_Pivots True
Show_MidPivots True
  • #6,946
  • Dec 11, 2015 9:55am Dec 11, 2015 9:55am
Quoting bhaskaruni
{quote} Thank you very much for the testing fabio. I have done considerabale changes to the EA since I last posted, like considering Pivot levels before opening the trade and option to select the Trend based on timeframe for Stochastic indicator. I have shared the latest EA with all the indicators and template I am using in the zip attached here. I also optimized the code so that the backtesting will be done in a flash now. I backtested this new EA on GBPUSD H1 data since November 1 2015 and the results are pretty amazing. So, it would be very helpful...
Hi bhaskaruni,

I am testing your EA and had a few questions:
1. Does it work on the M15? or only on H1?
2. Does it paint any signals on the chart?


Thanks!
  • #6,947
  • Dec 11, 2015 3:42pm Dec 11, 2015 3:42pm
It has been a horrible week. At the start of the week I had a profit of 642, today at the end of this week my profit is 119. Thinking about going back to version 1, LOL.
  • #6,948
  • Dec 11, 2015 6:16pm Dec 11, 2015 6:16pm
Quoting pp22
{quote} Can V3 be used on higher time frames?

No, But the Multi version does work on higher TFs and has more options to detect higher TF.

I have not touched the multi version. I just put it together and allowed users to test it and find all the debugs When we get this EA working then I will go back and address the multi version. First things first, I need to make sure that the EA and indicator are not only doing the same thing but also taking the trades according to the rules of page 1.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,949
  • Dec 11, 2015 6:19pm Dec 11, 2015 6:19pm
Quoting fabio.g
{quote} Jess what setting are you using with V3? this is what I got so far today. {image}
Yes on autoTrend
No on TestTrade on Average Range
Our AWESOME IMAGINATION is the true holy grail!
  • #6,950
  • Dec 11, 2015 6:24pm Dec 11, 2015 6:24pm
Quoting dallmanb
Jess, I'm testing with the xm7_FreebieSystem_EA_Mulit.ex4. So far I like the signals better with the UseAutoTrend setting of HA. One thing that happened which I didn't expect, is when I placed the EA on the EURUSD chart, it immediately placed a buy order. I think there was a setup a few bars early, but it never drew an arrow. Also, I'm having a hard time seeing the "failed at pivot" on the charts for the signals. I have the xm7_pivots on my chart, with these settings: Days 5 MyPeriod 1440 Pivots Daily Show_Pivots True Show_MidPivots True
Kewl, like I mentioned before, I will deal more with the Mult version later. But it is encouraging to know that we will have observations with different autoTrend settings.

When you say "hard time seeing the "failed at pivot"" what exactly are you expecting to see? Cause the xm7_pivot indicator input settings Show_Pivots True and Show_MidPivots True only affect if the lines are shown on the chart or not.

Version vOANDA has debug info on the EXPERTS TAB. That will show data right before the EA decides to take a trade. There you will find a message stating if a failed pivot point happened or not. Is that what you are looking for?

Please elaborate so I can better answer you.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,951
  • Dec 11, 2015 6:32pm Dec 11, 2015 6:32pm
Quoting keysharp
It has been a horrible week. At the start of the week I had a profit of 642, today at the end of this week my profit is 119. Thinking about going back to version 1, LOL.
Quite the contrary. It was an excellent week, my results also ended up negative. -3% I think. Yes from 13% to -2% in one day too LOL. I am not surprised at all. This is were the REAL test of this approach comes. This is were we will see if in the following days or weeks the EA can recoup the losses and end up with gain. One thing is for sure. When doing live trading... I WILL CLOSE when I see PROFIT like I saw this week.

The more important thing is to ensure that v3 is actually doing as the rules state in page 1. That is more important at this moment.

So my question to everyone is did you guys see v3 follow the rules according to page 1, given the upper Trend detection?? This does not include those testing the multi version testers. Where are those losses VALID? Or where they trades that were made by errors or that didn't follow the rules of page 1?
Our AWESOME IMAGINATION is the true holy grail!
  • #6,952
  • Dec 11, 2015 6:37pm Dec 11, 2015 6:37pm
Alright Jess, I have to admit the week was a time of trying various versions and so appropriately things did not go well. Looking forward to the next week.
  • #6,953
  • Dec 11, 2015 7:52pm Dec 11, 2015 7:52pm
I did not use the v3 version but i'm currently using the Oanda version and am pleased with the info the EA gives and it took trades according to the rules. The indicator actually revealed to me that I was taking manual trades a lot of times against the rules. I used it on the Usd/Cad and I set the pivots to Fib and no to auto trend and it place 3 or 4 profitable 1 to 1 trades. I plan to watch it more closely next week. I have one question, Does the v3 EA give you the same info in the expert tab as the Oanda version?
  • #6,954
  • Dec 11, 2015 8:32pm Dec 11, 2015 8:32pm
Quoting Checkz
I did not use the v3 version but i'm currently using the Oanda version and am pleased with the info the EA gives and it took trades according to the rules. The indicator actually revealed to me that I was taking manual trades a lot of times against the rules. I used it on the Usd/Cad and I set the pivots to Fib and no to auto trend and it place 3 or 4 profitable 1 to 1 trades. I plan to watch it more closely next week. I have one question, Does the v3 EA give you the same info in the expert tab as the Oanda version?
v3 does not give the same debug info as vOANDA, but they are identical in operation with the exception that vOANDA is not prepped to handle stocks.

So u are doing ok. You are essentially testing the EA for currency trading, which is great.

If we continue to get results that match what we expect and that both EA and Indicator show then we can move on to the next phase.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,955
  • Dec 11, 2015 8:38pm Dec 11, 2015 8:38pm
Quoting keysharp
Alright Jess, I have to admit the week was a time of trying various versions and so appropriately things did not go well. Looking forward to the next week.
Keysharp:
In my opinion two factors affected the results.
1. the use of autTrend. Recall that I am using a 3sema on the higher TF and well that can lead to a filter that is not in line with what price is ACTUALLY doing.
Tell u what if you have time slap on HA on the daily TF and see if the same trades would of been taken.

2. The events of next week affected today in particular. I was looking and CNBC and the general consensus is that the FOMC meeting had traders thinking of doing crazt things hence there for we say movements that change how our Trend detection was made. Even the DOW took a dive today.

So be patient. If we can consistently get results like I have seen from Monday-Wednesday then we have a real good EA. IF next week by this time we are in BE or with profit then we have an awesome EA. Aside from how it handles "bad" times, recovery from losses is also of major importance.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,956
  • Edited Dec 13, 2015 12:00am Dec 12, 2015 12:59am | Edited Dec 13, 2015 12:00am
EDIT: Made a modification to all files on 12/12/2015. if you downloaded this version before 12/12/2015 pls download again.

Several updates for the EAs and indicator:

Folks v4 is ready and Multiv1 (this one can be used on multiple TFs, no indicator for this one yet) is also updated. As always the latest files are also located at http://xm7.info/ea/freebie

On v4 I added the HA indi for the upperTrend Detection and also added the debug info just like vOANDA has. So we can stop using vOANDA.
1st Screen shot contains the new inputs
2nd screen shot explains where the debug statements are found and how they relate to the Chart.

I also made corrections to the Multi version based on what others had seen work and not work.
1. Took care of BrokerStopLevel issue: For now the EA will not trade if the minimum Broker Stop Level is not met. Later on I'll make the adjustments
2. Made an update that I think will fix the issue with the NextPivot and TalkHalf not working.
3. Added the Debug statements same as v4 except u will see an extra statement if no trade was made due to STOPLEVEL requirement.
4. Shortened the name of the EA, eventually I will drop the xm7 from all the files and just have Freebie as the name for all this stuff.

So now the question is did you guys see v4 and vMulti trade according to the rules? Is the v4 indicator showing the arrows for signals according to the rules??
Yep we are getting close to wrapping this puppy up.. Enjoy your weekend..

NOTE: for the vMulti testers. The daily Average thing will only be considered if u are working on the 15min TF. Otherwise the EA will disable and change whatever is on the inputs that concern the Daily average. For example if you set TargetTake_profit to "Daily Average" and u are working on the 4H TF, the EA will change that input to "Next Pivot".
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Freebie_ea_v4_inputs.jpg Size: 106 KB
Click to Enlarge Name: Freebie_ea_v4_new_debug.jpg Size: 374 KB
Attached File(s)
File Type: ex4 xm7_Freebie_Indicator_v4.ex4   51 KB | 139 downloads
File Type: ex4 xm7_Freebie_EA_v4.ex4   46 KB | 116 downloads
File Type: ex4 xm7_Freebie_EA_Mulitv1.ex4   47 KB | 135 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #6,957
  • Edited 12:36pm Dec 12, 2015 1:13am | Edited 12:36pm
Quoting dallmanb
.. One thing that happened which I didn't expect, is when I placed the EA on the EURUSD chart, it immediately placed a buy order. I think there was a setup a few bars early ...
dallmanb: Forgot to answer this part of your question. Yes, I have noticed that happens sometimes, an order gets placed at the instant you activate the EA. I will deal with it on the next version...

It's strange cause the EA (unlike the indicator) only looks at the previous candle each time a new candle pops up. The EA should only be looking at the previous candle no matter where the EA started. When I say looking I mean analyze to see if there is a trade setup. So I am going to find out why it seems to be "looking" at more candles than the just the previous one.

So in your case how far back was the signal? How many bars? and was the signal during the previous day or during the same day?

Our AWESOME IMAGINATION is the true holy grail!
  • #6,958
  • Dec 12, 2015 5:36am Dec 12, 2015 5:36am
Quoting xmess7
{quote} Yes on autoTrend No on TestTrade on Average Range
Jess,
I loaded V4, i have 4 pairs*2, meaning i am running 3sema and HA on the same pairs, so we can compare results.
  • #6,959
  • Dec 12, 2015 12:34pm Dec 12, 2015 12:34pm
Quoting fabio.g
{quote} Jess, I loaded V4, i have 4 pairs*2, meaning i am running 3sema and HA on the same pairs, so we can compare results.
Awesome. Remind me.. what is the open time for icMarkets? I want to also see what affect of having a different broker start time has on the approach results.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,960
  • Edited 8:46pm Dec 12, 2015 8:33pm | Edited 8:46pm
Made an adjustment to the freebie v4 indicator. Please download again if downloaded the version before 12/12/2015. I updated the post and here are the updated file.

I think this version is very solid. I ran several tests and they all jive as expected. The only thing left is to make it handle holidays or short days. So for now I recommend no trading on those days for this version. You can do it of course but who knows what kind of results you will get.

This indicator version also handles stocks. For now I am using a broker that has a start time of 16:30 (GMT+3) on FxPro. So if anyone has a different broker let me know and I will make the adjustment for that broker.

PEACE
Attached File(s)
File Type: ex4 xm7_Freebie_Indicator_v4.ex4   51 KB | 151 downloads
Our AWESOME IMAGINATION is the true holy grail!
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