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Price Action Trading with Indicators! The Freebie System

  • #7,021
  • Dec 16, 2015 2:34pm Dec 16, 2015 2:34pm
Quoting dallmanb
{quote} Also, Paulus was very clear that he did not trade before London opened , and stopped after NY closed. I see lots of signals occur on pairs after those hours that are usually trades that get stopped out. Might consider an option to set a "UseTimeOfDay", "TradingHoursStart", "TradingHoursEnd".

So u are referring to what Paulus did right? Did Dredding trade during certain times? I think he did... didn't he?

Well it will also be in the new version... thnx
Our AWESOME IMAGINATION is the true holy grail!
  • #7,022
  • Dec 16, 2015 2:36pm Dec 16, 2015 2:36pm
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 !!!
"HH HL ,, LH LL "
antodedo: Did u mean same time frame or upper time frame?

Guys what do you think?
Our AWESOME IMAGINATION is the true holy grail!
  • #7,023
  • Dec 16, 2015 2:48pm Dec 16, 2015 2:48pm
Quoting Dredding82
{quote} Pivot didnt fail on my charts....when i say fail i look for it to touch and reverse or go thru and reverse, coming within 1-2 is ok but i like to wait for a TRUE FAIL of the pivot
Guys:
check this out... Dredding was defining what a failed pivot is. It seems that it isn't just a candle going thru a pivot. It seems that he looked for it to TOUCH and REVERSE or GO TRHU and REVERSE.... hmmmm...HMMMMM
Does this mean that the failed pivot is defined as a candle 's high or low wick crossing the pivot??
Right now the EA does detect this but it also detects if the whole body crosses the pivot....

So if I do this then guess what... we get less trades... possible, maybe, we get better quality trades ...

I am trying no to ad too many options cause then it gets very complicated. As it is right now we have at the least
3 inputs we can set an each will give u a plethora of results. Added more options will make it more complicated....

Let me know if I should add this on the next version... I mean add the wick cross only of the pivots, automatically of course.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,024
  • Dec 16, 2015 3:23pm Dec 16, 2015 3:23pm
Quoting Dredding82
{quote} Fib is stronger most times but you have to play them both or you will miss alot of trades that would be very profitable
He would plat both Fib and Daily pivots... interesting ..
Our AWESOME IMAGINATION is the true holy grail!
  • #7,025
  • Dec 16, 2015 3:24pm Dec 16, 2015 3:24pm
Quoting Dredding82
{quote} Yes that is a good enter....the trend is up but it looks as if the H1 did fail at a pivot so it should go to atleast the R1....if you dont think its a good setup after you enter move your SL to the high of the enter candle if it gets hit then you know it was not a good setup and you traded the wrong way....But atleast you cut your risk REMEMBER EVERYONE....today is FRIDAY so becareful with trades!! and i would not trade after london close....it could be profitable some weeks to do so but that is up to each and every trader
"today is FRIDAY so becareful " " i would not trade after london close...."

So he would not trade after London close on a Friday...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,026
  • Dec 16, 2015 3:44pm Dec 16, 2015 3:44pm
Check this post out. See how dredding uses the ZigZag to determine Trend direction....
http://www.forexfactory.com/showthre...48#post4334148

I think this is another trend direction we can use and it matches with what antedote said... HH LL but on the same TF.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,027
  • Dec 16, 2015 3:44pm Dec 16, 2015 3:44pm
Quoting xmess7
{quote}
Hi Jess,
first screen shot indi using 3sema,
second using HA

????

i am using the last update ea and indi
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  • #7,028
  • Dec 16, 2015 3:56pm Dec 16, 2015 3:56pm
[quote=Dredding82;4336033]I look at the H4 and D1 for M15 and H1 trades.....for lower TFs i would look at the H4 and H1 TFs

Quoting Dredding82
....i look to see if the higher TF is making higher highs or lower lows....
Ok so he looks at HH and LL on the higher TF. But sometimes he would look at the ZigZag on the Current TF. Hmmm
Our AWESOME IMAGINATION is the true holy grail!
  • #7,029
  • Dec 16, 2015 3:59pm Dec 16, 2015 3:59pm
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.
not good, change the extension back to htm
Attached File(s)
File Type: txt BHA.htm.txt   43 KB | 225 downloads
  • #7,030
  • Dec 16, 2015 4:20pm Dec 16, 2015 4:20pm
Quoting Paulus
very interesting this system and unusual esp for me to watch teh 15min time frame Im normally a 5min man its tempting to take any trade regardless of trend esp when you get a good refusal at a pivot point backed up by stoch ha and semafor.. I think the thing for me is the fact that today starting with a good win on EU made it worth my risk to take the short that followed as technical was counter trend But I did and ended up with +25 +45 and currently long from 1.4183 GU 3 trades again ignoring trend as I did have the 1st as a winner and was willing...
FOUND IT!!! This is what I was looking for LOL. Sorry for the several posts but I am trying to get a better understanding of Dreddings ideas and what Paulus was doing. Man has anyone made any contact with any of them, I tried Dreddings email but no luck it doesn't exist anymore. Anyone know if Paulus is still active?
Our AWESOME IMAGINATION is the true holy grail!
  • #7,031
  • Dec 16, 2015 4:23pm Dec 16, 2015 4:23pm
Quoting fabio.g
{quote} Hi Jess, first screen shot indi using 3sema, second using HA ???? i am using the last update ea and indi {image} {image}
Yea, the indicator is the one that is kicking my ass... The EA is fairly straight forward cuase all it does it care about NOW, Where the indicator is scanning back whatever days and trying to show all the signals that it detects.

I'll look into to it tonite.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,032
  • Dec 16, 2015 4:25pm Dec 16, 2015 4:25pm
Quoting fabio.g
{quote} Hi Jess, first screen shot indi using 3sema, second using HA ???? i am using the last update ea and indi {image} {image}
Shoot you have multiple trades!! What does your Expert Log say about those trades?
Our AWESOME IMAGINATION is the true holy grail!
  • #7,033
  • Dec 16, 2015 4:48pm Dec 16, 2015 4:48pm
Quoting xmess7
{quote} "today is FRIDAY so becareful " " i would not trade after london close...." So he would not trade after London close on a Friday...
Not always, there were many references to non-farm payroll Fridays, and making good pips on Friday afternoon.
  • #7,034
  • Dec 16, 2015 4:51pm Dec 16, 2015 4:51pm
Quoting xmess7
{quote} Guys: check this out... Dredding was defining what a failed pivot is. It seems that it isn't just a candle going thru a pivot. It seems that he looked for it to TOUCH and REVERSE or GO TRHU and REVERSE.... hmmmm...HMMMMM Does this mean that the failed pivot is defined as a candle 's high or low wick crossing the pivot?? Right now the EA does detect this but it also detects if the whole body crosses the pivot.... So if I do this then guess what... we get less trades... possible, maybe, we get better quality trades ... I am trying no to ad...
I believe he also mentions, "within a few pips". So if it got close to a pivot and reversed, was close enough? I think he mention within 3 or 4 pips?
  • #7,035
  • Dec 16, 2015 4:52pm Dec 16, 2015 4:52pm
[quote=xmess7;8649401]
Quoting Dredding82
I look at the H4 and D1 for M15 and H1 trades.....for lower TFs i would look at the H4 and H1 TFs {quote} Ok so he looks at HH and LL on the higher TF. But sometimes he would look at the ZigZag on the Current TF. Hmmm
Paulus typically traded on the M5, and only looked at that chart for HH and LL.
  • #7,036
  • Dec 16, 2015 5:15pm Dec 16, 2015 5:15pm
Quoting dallmanb
{quote} I believe he also mentions, "within a few pips". So if it got close to a pivot and reversed, was close enough? I think he mention within 3 or 4 pips?
So we can have a "pivot fail" without the candle touching it, right? He actually mentions 1-2 pips. I just saw it in one of the earlier posts.

So it's the WICKS crossing the pivot line or 1-2 pips CLOSE to the pivot line, that determine a failed pivot. I will add this to the up coming version.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,037
  • Edited 6:51pm Dec 16, 2015 5:19pm | Edited 6:51pm
[quote=dallmanb;8649463]
Quoting xmess7
{quote} Paulus typically traded on the M5, and only looked at that chart for HH and LL.
I think I have PAUL's approach down. But with the pivot thing he adds the crossing of the candle. I think I will develop a different EA for this one. Cause he uses not only the WICKS and 1-2 pips from the pivot line but also the Candle body crossing the pivot. Plus we would have it use Camilla lines or whatever they are called.

OK THIS IS ALL GOOD. I GOT WORK TO DO..... I also got to figure out what v4 is taking multiple trades on Fabio's platform.

Fabio: I did nothing to the EA other than print statements and options, but the logic is all the same!!! I understand why the Indicator is acting up but the EA?
Stay tuned we are going to get this fixed.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,038
  • Dec 16, 2015 7:24pm Dec 16, 2015 7:24pm
Quoting xmess7
{quote} FOUND IT!!! This is what I was looking for LOL. Sorry for the several posts but I am trying to get a better understanding of Dreddings ideas and what Paulus was doing. Man has anyone made any contact with any of them, I tried Dreddings email but no luck it doesn't exist anymore. Anyone know if Paulus is still active?
I think that Dredding had the rules he wanted to be traded and a lot of people came up with a lot of different variations which they implemented here and also started on there own threads as well, which caused a lot of confusion because everybody started trading different methods that no longer stuck to the rules on page one. I like the way the EA is working but I do wonder about the "failed at a pivot" because if you look at some of Dredding charts you see Price heading upward and Hitting a pivot above it and a red candle appears and the next candle that opens is a sell trade. This is what I originally thought a failed pivot was but maybe I was wrong.
  • #7,039
  • Dec 16, 2015 7:32pm Dec 16, 2015 7:32pm
Like this chart has a pivot above it and after it hits the red line above it and a red candle appears then the next candle is the sell entry.
Attached Image (click to enlarge)
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  • #7,040
  • Dec 16, 2015 7:45pm Dec 16, 2015 7:45pm
Here's another trade dredding took where price hit the FibS1 and a red canlde appeared and the next red candle was a sell entry.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (44).png Size: 135 KB
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