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Price Action Trading with Indicators! The Freebie System

  • #7,041
  • Dec 16, 2015 9:39pm Dec 16, 2015 9:39pm
Quoting Checkz
{quote} 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...

That is exactly what the EA does.
It looks at the Candle Color
It looks to see if there is a 3sema dot within 4 candles from it.
It looks to see if that same candle hit the pivot above or below it.

All this is checked right at the open of the next candle. Remember Dredding said everything is done at the close of the candle. So right at the open of the next candle the EA looks at the previous candle to see if all conditions are met.

But what exactly is a failed pivot? Based on what I was reading this is what I come up with. See image:
Let me know if we should try this. For sure I have to add the 1-2 pip requirements.
Attached Image (click to enlarge)
Click to Enlarge Name: Freebie_Failed_Pivots.jpg Size: 98 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,042
  • Dec 16, 2015 9:42pm Dec 16, 2015 9:42pm
Quoting Checkz
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. {image}
Yes I saw those but in the last one you show it is hard to tell if the candle touched the pivot cause the red vertical line is in the way LOL.

But yes the EA does it this way.

Hey did u have any problems with OANDA? Like Fabio I got trade that were in the opposite of the upper trend.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,043
  • Dec 16, 2015 10:00pm Dec 16, 2015 10:00pm
Quoting xmess7
{quote} Yes I saw those but in the last one you show it is hard to tell if the candle touched the pivot cause the red vertical line is in the way LOL. But yes the EA does it this way. Hey did u have any problems with OANDA? Like Fabio I got trade that were in the opposite of the upper trend.
I was not using the trend but i am going to start using the HA for trend. Let me say I appreciate all you are doing and love the EA and have not had any problems with it so far.
  • #7,044
  • Dec 16, 2015 10:40pm Dec 16, 2015 10:40pm
Ok, I fixed a weird issue on the indicator. To the EA I added just print statements. This is the last update for v4. Next will come v5.

The EA has not really changed other than to have the option for useAutoTrend=None. So the EA looks like it is doing the job as we expect. There will be more changes cause of the new pivot fail info and the Paulus thing, but that is for the next version.

So here are the updated versions.
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v4.ex4   46 KB | 174 downloads
File Type: ex4 xm7_Freebie_Indicator_v4.ex4   52 KB | 181 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,045
  • Dec 16, 2015 10:43pm Dec 16, 2015 10:43pm
Whats the trend? the pivots says trend is long but Print out at the bottom says trend is short. I got a green arrow but no buy trade
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (45).png Size: 56 KB
  • #7,046
  • Dec 16, 2015 10:46pm Dec 16, 2015 10:46pm
Quoting Checkz
Whats the trend? the pivots says trend is long but Print out at the bottom says trend is short. I got a green arrow but no buy trade {image}
What is your setting on the EA? AutoTrend=?
Are u using the last Indicator I uploaded?

I have short for the day. I am using autoTrend=HA
Attached Image (click to enlarge)
Click to Enlarge Name: OANDA_EURUSD2.png Size: 40 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,047
  • Dec 16, 2015 10:50pm Dec 16, 2015 10:50pm
Quoting xmess7
{quote} What is your setting on the EA? AutoTrend=? Are u using the last Indicator I uploaded? I have short for the day. I am using autoTrend=HA {image}
And if u are wondering why there is no ARROW on the second sell trade
I figured it out. It has to do with the Daily Average Range.
YOu see that sucker changes during the day... so at that moment there was enough room for the trade to go down.
Now there isn't. Since the Indicator scans back and only reports what has happened not before. Hope that makes sense.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,048
  • Dec 16, 2015 10:55pm Dec 16, 2015 10:55pm
Quoting xmess7
{quote} What is your setting on the EA? AutoTrend=? Are u using the last Indicator I uploaded? I have short for the day. I am using autoTrend=HA {image}
I just downloaded the latest EA and I have my settings at Auto HA will see how it does
  • #7,049
  • Dec 16, 2015 11:00pm Dec 16, 2015 11:00pm
Quoting Checkz
{quote} I just downloaded the latest EA and I have my settings at Auto HA will see how it does
I think the EA is doing it's job, it's the indicator that is not cooperating. I just found out why you need to refresh the thing to see the LATEST ARROW.

It's the simple things that complicate things LOL.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,050
  • Dec 16, 2015 11:06pm Dec 16, 2015 11:06pm
Quoting xmess7
{quote} That is exactly what the EA does. It looks at the Candle Color It looks to see if there is a 3sema dot within 4 candles from it. It looks to see if that same candle hit the pivot above or below it. All this is checked right at the open of the next candle. Remember Dredding said everything is done at the close of the candle. So right at the open of the next candle the EA looks at the previous candle to see if all conditions are met. But what exactly is a failed pivot? Based on what I was reading this is what I come up with. See image: Let...
I agree with you, all 3 of these candles would be considered a failed pivot.
  • #7,051
  • Edited 11:33pm Dec 16, 2015 11:21pm | Edited 11:33pm
Quoting dallmanb
{quote} I agree with you, all 3 of these candles would be considered a failed pivot.
So use only the candles on the image as failures right? A candle that has it's body cross the pivot does not count right??

According to dredding it's a candle that goes to pivot price and returns. It crosses the pivot and returns and he even says that if it is close within 1-2 pips that counts too.
No where do I see him saying that the body of the candle crosses it. To me it sounds like the WICKS.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,052
  • Dec 16, 2015 11:40pm Dec 16, 2015 11:40pm
On a good note: I now have two GetHalf_leaveRest_BE trades open. Enjoy.
Last week this account was up like 20% I think then on Thursday 20% disappeared LOL and I was left with -5%.
Now this week there have been loses but these trades plus some winners have recovered the account to +3%.

Broker: TradeKing
Pivot: Daily
useAutoTrend=HeikenAsh
Test_dailyAverage=Yes
GetHalfLeave_RestBE=Yes
Attached Image (click to enlarge)
Click to Enlarge Name: TradeKing_2GetHalf_lvBE.jpg Size: 390 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,053
  • Edited 7:20am Dec 17, 2015 1:22am | Edited 7:20am
Version 5:

EA and indicator had major modifications for the Heiken Ash (upper TF), Daily Average calculation, and the failed pivot condition.

The indicator had a correction made so that it can update and check signals at new candles. It was doing the initial Dayz ok but when a new candle would show up
nothing would happen and so no arrow signal. That's why you had to re-load it.
Attached File(s)
File Type: ex4 xm7_Freebie_Indicator_v5.ex4   58 KB | 204 downloads
File Type: ex4 xm7_Freebie_EA_v5.ex4   47 KB | 140 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,054
  • Dec 17, 2015 4:14am Dec 17, 2015 4:14am
Quoting xmess7
Version 5: EA and indicator had major modifications for the Heiken Ash (upper TF), Daily Average calculation, and the failed pivot condition. The indicator had a correction made so that it can update and check signals at new candles. It was doing the initial Dayz ok but when a new candle would show up nothing would happen and so no arrow signal. That's why you had to re-load it. {file} {file}

Can you update the multi EA as well?

Thanks Jess

Phil
  • #7,055
  • Dec 17, 2015 7:20am Dec 17, 2015 7:20am
Yep, done version Multi2 and I did a little clean up on v5 on the debug statements.

BTW is vMulti working on the upper TFs? 4H is my interest.
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v5.ex4   47 KB | 147 downloads
File Type: ex4 xm7_Freebie_EA_Mulitv2.ex4   48 KB | 173 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,056
  • Dec 17, 2015 7:28am Dec 17, 2015 7:28am
Update on GetHalf Leave Rest BE. I've got this going on two brokers, Oanda and TradeKing. TradeKing has held the two trade. Oanda has held one, the other closed out a couple of hours ago but started another one.


TradeKing is top chart, Oanda is lower chart.
Enjoy:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: OANDA_GetHalf2.jpg Size: 349 KB
Click to Enlarge Name: OANDA_GetHalf1.jpg Size: 374 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,057
  • Dec 17, 2015 8:11am Dec 17, 2015 8:11am
Quoting fabio.g
{quote} not good, change the extension back to htm {file}
Ok. Thanks buddy. You can stop the EA now. Seems it needs more optimizations.
  • #7,058
  • Dec 17, 2015 10:05am Dec 17, 2015 10:05am
EA beginning to recover profit nicely with this improved version. One request" is there a way to move BE along as profit advances. This I am doing manually. Just hate the idea of having a large profit and it back down to BE.
  • #7,059
  • Dec 17, 2015 10:27am Dec 17, 2015 10:27am
Quoting xmess7
Yep, done version Multi2 and I did a little clean up on v5 on the debug statements. BTW is vMulti working on the upper TFs? 4H is my interest. {file} {file}
Thanks Jess, you're doing an awesome job by the way! I'm a software developer and I know what complicated code is and I appreciate your efforts!
  • #7,060
  • Dec 17, 2015 10:49am Dec 17, 2015 10:49am
Quoting keysharp
EA beginning to recover profit nicely with this improved version. One request" is there a way to move BE along as profit advances. This I am doing manually. Just hate the idea of having a large profit and it back down to BE.
Dredding like to close half, move the stop to BE, and then add a trailing stop.
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