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Price Action Trading with Indicators! The Freebie System

  • #6,981
  • Dec 14, 2015 12:17pm Dec 14, 2015 12:17pm
Quoting xmess7
Folks: Just wanted to show a good example of a successful TakeHalf_LeaveRestBE trade. This is on the OANDA GMT+5 broker for EURUSD.... ..Now this is nice. A totally free trade and it just keeps going. plus I already have profit from it. nice. {image}
Is the Take half leave rest at breakeven an option yet
  • #6,982
  • Dec 14, 2015 12:23pm Dec 14, 2015 12:23pm
Quoting antodedo
Gross Profit:3 412.43Gross Loss:203.88Total Net Profit:3 208.55 Profit Factor:16.74Expected Payoff:21.25 Absolute Drawdown:0.00Maximal Drawdown:115.25 (3.13%)Relative Drawdown:3.13% (115.25) Total Trades:151Short Positions (won %):91 (87.91%)Long Positions (won %):60 (95.00%) Profit Trades (% of total):137 (90.73%)Loss trades (% of total):14 (9.27%) Largestprofit trade:539.17loss trade:-64.03 Averageprofit trade:24.91loss trade:-14.56 Maximumconsecutive wins ($):51 (1 051.25)consecutive losses ($):2 (-115.25) Maximalconsecutive profit (count):1...
antodedo: Welcome back. Yes definitely we can use your help. When u get a chance please elaborate on how you go about trading it manually.

Right now this is what the EA and indicator (download v4 and the xm7_3Sema, xm7_pivots) All the latest files can be found @ http://xm7.info/ea/freebie

1. It will look for all the conditions on page 1 (pivots can be Daily or Fibs)
2. It will determine upperTrend direction using (this is where I think we may see improvement with your info):
- 3sema on higher TF
- HA Candles on Higher TF
- 20MA (only on vMulti version)
3. You can set various Take Profit levels
- 1 to 1
- Use Next Pivot
- Use Daily Average Level
4. It can also check to see if an entry is too close to a Daily Average Level
5. Lot size can be determined in the following ways:
- Based on RiskPercent of what the StopLoss Range is
- Fixed StopLoss and/or TakeProfit. User Selects what they prefer
6. Notifications can be PopUp, Notification, email

the EA v4 and the vMulti also provide debug info in the Experts Tab. It shows what the EA is prints all conditions right before it decides to take a trade.
See post http://www.forexfactory.com/showthre...66#post8641266, I provide images that explain the debug info.

Hope that gives you an idea of what we are dealing with. If you have any other info or things you look at let me know and I will integrate it into the EA.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,983
  • Dec 14, 2015 12:23pm Dec 14, 2015 12:23pm
Quoting Checkz
{quote} Is the Take half leave rest at breakeven an option yet
Yep it's one of the inputs.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,984
  • Dec 14, 2015 12:25pm Dec 14, 2015 12:25pm
Quoting Checkz
{quote} The arrow appeared once I reloaded the indicator
AHA!!! LOL... hmmm.... why why why. Well at the least the EA did the right thing. Will have to look into that and see if I Can recreate the problem as well.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,985
  • Dec 14, 2015 12:39pm Dec 14, 2015 12:39pm
Quoting xmess7
Folks: Just wanted to show a good example of a successful TakeHalf_LeaveRestBE trade. This is on the OANDA GMT+5 broker for EURUSD.... ..Now this is nice. A totally free trade and it just keeps going. plus I already have profit from it. nice. {image}
Which take profit did You select on the EA?
  • #6,986
  • Dec 14, 2015 1:03pm Dec 14, 2015 1:03pm
Quoting xmess7
{quote} keysharp: Did the EA and indicator match signals? Did you see that all the conditions where met correctly for those trades (win or lose) that were taken? Lets 1st make sure that v4 is making the correct trades as expected.
All seemed to go except for the audusd pair. I got a red down arrow after the failed pivot but the entry did not place until 9 candles later.
  • #6,987
  • Dec 14, 2015 2:06pm Dec 14, 2015 2:06pm
Quoting Checkz
{quote} Which take profit did You select on the EA?
The TakeProfit was determined from the 1 to 1 option. So my initial TP was whatever the SL was..
Once the TakeHalf_LeaveRestBE does it's thing. The EA will close half of the trade, set the remaining trade to BE, and change the TP to +1000 pips.
Initially the EA would set TP to 0 (remove TP) but that didn't work so for now the I coded the EA to place the TP real high.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,988
  • Dec 14, 2015 2:14pm Dec 14, 2015 2:14pm
Quoting keysharp
{quote} All seemed to go except for the audusd pair. I got a red down arrow after the failed pivot but the entry did not place until 9 candles later.
Ok, good. So, was that, 9 candles later, Trade follow the rules? By the sound of it probably not... let me know.
Was the entry signal detected at the beginning of the Broker day?
What Broker are you using?

Oh one more thing, what does the Experts Tab have in print for either the candle that had the arrow or the signal that showed up 9 candles later? Use the time on the charts and compare that with what the EA recorded. The EA records the time of the candle that was examined. If you can email me the log. Look for the log file under MQL4/logs folder. Get the one with the today's date and email it to ([email protected]).
Our AWESOME IMAGINATION is the true holy grail!
  • #6,989
  • Dec 14, 2015 6:19pm Dec 14, 2015 6:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.afxM15.png Size: 13 KB
This trade met all the requirements but went to a loss. However in about two bars there was another pivot fail and nothing happened. So is there a downtime for the ea after a win or loss?
  • #6,990
  • Dec 14, 2015 9:22pm Dec 14, 2015 9:22pm
Quoting keysharp
{image}This trade met all the requirements but went to a loss. However in about two bars there was another pivot fail and nothing happened. So is there a downtime for the ea after a win or loss?
Keysharp:

Yes there was a pivot failure however the stoch cross did not pass. According to what Dredding had in the original EA code, the stoch has to cross and either be below 80 (for long trades) or above 20 (for short trades).

antodeto: What do you think? When you traded manually did u just use the stoch cross no matter where it happened?

Let me know. I can remove the condition, we will have more trades.
Our AWESOME IMAGINATION is the true holy grail!
  • #6,991
  • Dec 14, 2015 9:44pm Dec 14, 2015 9:44pm
From my understanding the stoch will never be in the right position at the pivot fail but will be in one or two bars. In my situation two bars after the pivot fail the stoch was above 20, so I should be going long.
  • #6,992
  • Dec 14, 2015 11:06pm Dec 14, 2015 11:06pm
Quoting keysharp
From my understanding the stoch will never be in the right position at the pivot fail but will be in one or two bars. In my situation two bars after the pivot fail the stoch was above 20, so I should be going long.
keysharp: What I see on your chart is that the stoch signal (I think the signal or main) is above 80 when the pivot failed (for long). Since one of the stoch signals was above 80, no trade.

So my question is, should I remove the condition and just let the EA detect the stoch cross and not care if it is above 80 or below 20?

J
Our AWESOME IMAGINATION is the true holy grail!
  • #6,993
  • Dec 15, 2015 12:28am Dec 15, 2015 12:28am
Guys:
Update on FreeTrade. The trade is still active, it almost got stopped out but EURUSD has taken a turn up. Lets see how far it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: OANDA_update.jpg Size: 493 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #6,994
  • Dec 15, 2015 4:01am Dec 15, 2015 4:01am
Quoting xmess7
{quote} keysharp: What I see on your chart is that the stoch signal (I think the signal or main) is above 80 when the pivot failed (for long). Since one of the stoch signals was above 80, no trade. So my question is, should I remove the condition and just let the EA detect the stoch cross and not care if it is above 80 or below 20? J
My Answer is no.
  • #6,995
  • Dec 15, 2015 4:19am Dec 15, 2015 4:19am
Quoting xmess7
{quote} Keysharp: Yes there was a pivot failure however the stoch cross did not pass. According to what Dredding had in the original EA code, the stoch has to cross and either be below 80 (for long trades) or above 20 (for short trades). antodeto: What do you think? When you traded manually did u just use the stoch cross no matter where it happened? Let me know. I can remove the condition, we will have more trades.

I don't why when I try to load the EA in my chart doest work , do you have the MQL file of it so I can have a look

basically what I think the EA should do is to be applied on 2 different timeframe , 1 bigger and one smaller
the small time EA will work accordingly to the higher time frame EA , without worry of the daily trend but only taking into consideration the trend of actual higher time chosen .

It will be great when the EA will recognize that the HH HL and the LH LL of the higher time frame , deciding in which side the smaller time frame EA will trade .


I might be confusing , hope you got what I mean .
  • #6,996
  • Dec 15, 2015 4:22am Dec 15, 2015 4:22am
By the way I trade without any pivot on the chart

only HH HL ,, LH LL and change of the color of the heiken ashi color

that's it !!!
  • #6,997
  • Dec 15, 2015 7:03am Dec 15, 2015 7:03am
Quoting antodedo
By the way I trade without any pivot on the chart only HH HL ,, LH LL and change of the color of the heiken ashi color that's it !!!
Hi Antodedo,

Your approach sounds very similar to Paulus, his comments are around page 90 of this thread. He only trades on the M5, mainly during the London session, focuses on EU, GU, UCad, AU, he looks for HH, HL, change of color, but he also uses Cammarilla Pivots, and only trades at a failed pivot.
  • #6,998
  • Dec 15, 2015 9:18am Dec 15, 2015 9:18am
Quoting bhaskaruni
{quote} Thanks mate for the testing. Keep it running so that the ups and downs will get averaged, I was busy last few days so could nt make a reply earlier.
so far today, i will post the weekly statement of friday
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 86 KB
  • #6,999
  • Dec 15, 2015 10:23am Dec 15, 2015 10:23am
Quoting xmess7
{quote} keysharp: What I see on your chart is that the stoch signal (I think the signal or main) is above 80 when the pivot failed (for long). Since one of the stoch signals was above 80, no trade. So my question is, should I remove the condition and just let the EA detect the stoch cross and not care if it is above 80 or below 20? J
Xmas . you should try 24 and 76 instead of 20.80..thanks
Learn THEN Unlearn
  • #7,000
  • Dec 15, 2015 10:27am Dec 15, 2015 10:27am
Quoting antodedo
{quote} I don't why when I try to load the EA in my chart doest work , do you have the MQL file of it so I can have a look basically what I think the EA should do is to be applied on 2 different timeframe , 1 bigger and one smaller the small time EA will work accordingly to the higher time frame EA , without worry of the daily trend but only taking into consideration the trend of actual higher time chosen . It will be great when the EA will recognize that the HH HL and the LH LL of the higher time frame , deciding in which side the smaller time...
antodedo:
The source code will be available when the EA has all it's kinks out of the way, plus I got to get rid of some proprietary software in it before I had I do that .

So when you say it doesn't work do you mean that you get a sad face on the upper right corner? Or you simple don't get anything at all, not even the input window?

Make sure u are using v4 of EA and Indicator.
Make sure you are using the correct MT4 directory. See post http://www.forexfactory.com/showthre...24#post8617824 for quick way to find out.
The EA and indicator will warn you if you are missing any files it needs and the exact folder where they need to be.

As for what it does, Look at post http://www.forexfactory.com/showthre...11#post8644211 Just look at the list of things it does.

The latest files can be found at post: http://www.forexfactory.com/showthre...94#post8641894

Since you don't use pivot lines I will modify the EA and Indicator to have Use of Pivots as optional.
Our AWESOME IMAGINATION is the true holy grail!
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