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Price Action Trading with Indicators! The Freebie System

  • #7,061
  • Dec 17, 2015 11:08am Dec 17, 2015 11:08am
Quoting dallmanb
{quote} Dredding like to close half, move the stop to BE, and then add a trailing stop.
A trailing stop noo problem. Do u want to manually set the trail or automatically have the EA do it for u?In my case I prefer to let it run. I know the odds r against it traveling 1000 pips but it does happen and it has happened. Remember I am of the long term so if I see 200 pips go to 0 I don't care cause I know I will eventually hit. Besides how can u pass up a feeee teade lol.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,062
  • Dec 17, 2015 11:15am Dec 17, 2015 11:15am
Quoting dallmanb
{quote} 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!
Once we have a working version, I plan to release the soiurce. The EA is simpler to handle code wise. Its th indicator that is tricky. On top of that u see it do thngs the EA doesnt and that has to do with the events of that moment. I am figuring out why there r signals that the indi shows yet the EA won't take and vice versa. Unfortunately can't do much about tbose. Just explain n move on.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,063
  • Dec 17, 2015 11:16am Dec 17, 2015 11:16am
I was shifting the trailing stop manually at about 100 pip interval and that worked fine, but I was there and could watch. So I think a manual set would be good since not every pair would react to the same SL criteria.
  • #7,064
  • Dec 17, 2015 12:26pm Dec 17, 2015 12:26pm
Okay im sorry for asking so many questions but I put 3 small arrows on the chart:
1st arrow-I got a sell signal arrow but no EA trade
2nd arrow-I did not get a sell signal arrow but the EA placed a sell trade
3rd arrow-I got a sell signal arrow but the EA did not place a trade
I have the latest updated EA downloaded my setting are the same as yours with the exception I am using fib pivots and have no-set for average range. I am asking these questions because I was sleep when all this happened and I can't find the info on the Print out. It could have been something on my end im not sure but im just reporting what I saw. Thanks.
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  • #7,065
  • Dec 17, 2015 1:40pm Dec 17, 2015 1:40pm
Quoting keysharp
I was shifting the trailing stop manually at about 100 pip interval and that worked fine, but I was there and could watch. So I think a manual set would be good since not every pair would react to the same SL criteria.
There is an EA I am working on that places a trailing stop @ each ll or hh depending if u are buying or selling. I was thinking of using that one.Or we can develop a lookup table. The EA would look up the trail that corresponds to a symbol. Just some ideas. I would like to keep the inoyts to a minium cause we already have many imouts that affext the results. I'll get on it when I get home. I am on the road so it will be like 7hrs... pls b patient lol.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,066
  • Dec 17, 2015 1:46pm Dec 17, 2015 1:46pm
Quoting Checkz
Okay im sorry for asking so many questions but I put 3 small arrows on the chart: 1st arrow-I got a sell signal arrow but no EA trade 2nd arrow-I did not get a sell signal arrow but the EA placed a sell trade 3rd arrow-I got a sell signal arrow but the EA did not place a trade I have the latest updated EA downloaded my setting are the same as yours with the exception I am using fib pivots and have no-set for average range. I am asking these questions because I was sleep when all this happened and I can't find the info on the Print out. It could...
Dude u do no wrong in asking questions. When I get home I will anayze this. I can almost gaurantee that certajn conditions were not there when the indicator 1st saw it. This is especially true for two things. AutotTrend=heikenash and the daily range. Those two r calculated at the change of each 15 min candle. Where the 3sema is only calculated at the start of the new day and of course does no change..
Our AWESOME IMAGINATION is the true holy grail!
  • #7,067
  • Dec 17, 2015 1:48pm Dec 17, 2015 1:48pm
Quoting xmess7
{quote} A trailing stop noo problem. Do u want to manually set the trail or automatically have the EA do it for u?In my case I prefer to let it run. I know the odds r against it traveling 1000 pips but it does happen and it has happened. Remember I am of the long term so if I see 200 pips go to 0 I don't care cause I know I will eventually hit. Besides how can u pass up a feeee teade lol.
I like the idea of once the trade getting a 1:1 return, close half, and then change it to a trailing stop which is the same distance as the original SL.

Maybe that's a good place to start.
  • #7,068
  • Dec 17, 2015 2:00pm Dec 17, 2015 2:00pm
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}
Yes ive been using it on the H1 and H4 and it has been working pretty much as it should, as far as I can tell.
  • #7,069
  • Dec 17, 2015 7:17pm Dec 17, 2015 7:17pm
Quoting xmess7
{quote} Dude u do no wrong in asking questions. When I get home I will anayze this. I can almost gaurantee that certajn conditions were not there when the indicator 1st saw it. This is especially true for two things. AutotTrend=heikenash and the daily range. Those two r calculated at the change of each 15 min candle. Where the 3sema is only calculated at the start of the new day and of course does no change..
After watching the indicator show another red sell arrow on Eur/Usd I realized that the indicator is just showing arrows when a candle appears 1 to 3 candles from the semafor that is the same color as the daily Ha candle on Auto trend and does not take in to consideration if the pivot lines are crossed but the EA has to have all conditions met in order to place the trade. Is that right Xmess?
  • #7,070
  • Dec 17, 2015 10:43pm Dec 17, 2015 10:43pm
Guys, update on the GetHalf trades I left to run. Looks like it may be time to close them. I don't know what happen but USD when crazy on FXPRO and it is affecting the EURUSD and GBPUSD trades. One interesting note thought. FXPRO showed the USD like USDJPY and EURUSD moving real crazy whereas OANDA and TRADEKING did not show this. I assume it it cause OANDA and TRADEKING are note ECNs? Interesting thing to note.
Anyhow I am going to let these run... I want to see what happens. Under real circumstances I would close them RIGHT NOW cause of what happened with the USD.
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Our AWESOME IMAGINATION is the true holy grail!
  • #7,071
  • Dec 17, 2015 10:46pm Dec 17, 2015 10:46pm
Quoting Checkz
{quote} After watching the indicator show another red sell arrow on Eur/Usd I realized that the indicator is just showing arrows when a candle appears 1 to 3 candles from the semafor that is the same color as the daily Ha candle on Auto trend and does not take in to consideration if the pivot lines are crossed but the EA has to have all conditions met in order to place the trade. Is that right Xmess?
Hmmm let me check what is happening ok?
BTW which Oanda r u using? GMT-4? GMT-5?
Our AWESOME IMAGINATION is the true holy grail!
  • #7,072
  • Dec 17, 2015 11:01pm Dec 17, 2015 11:01pm
Quoting xmess7
{quote} Hmmm let me check what is happening ok? BTW which Oanda r u using? GMT-4? GMT-5?
Gmt-5
  • #7,073
  • Dec 18, 2015 2:26am Dec 18, 2015 2:26am
Anybody catching this beautiful sell on the Eur/usd
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  • #7,074
  • Dec 18, 2015 7:46am Dec 18, 2015 7:46am
Quoting Checkz
Anybody catching this beautiful sell on the Eur/usd {image}
No cause I am already short, remember GetHalf LeaveRest Be?? LOL

Anyhow. I looked into the issue you brought up of the extra arrows. A couple of things:

1. I need to revisit the Indicator. In v5 I tried to implement the failed pivot according to what I was reading from Dredding. It is not working that is why u see alot of arrows where the pivot isn't even near.

2. I didn't add the new fail pivot code to the EA v5. So the EA is still using the previous approach to find failed pivots.

So fer now use use v4 to see the arrows... I am going to work on v5 till I get the right answer and also update the EA to have the same fail pivot code
Our AWESOME IMAGINATION is the true holy grail!
  • #7,075
  • Dec 18, 2015 7:54am Dec 18, 2015 7:54am
One of the important rules as a long term trader is to let the trade work itself out. Lastnite I said that if this were a real situation I would of closed all trades cause of whatever happened with the USD. WRONG!!! All pairs on both brokers had a retrace and are now back to the direction they were heading in. I would of closed out and lost this opportunity. I need to be careful and not fall into the short trader mentality . You see my icon?? That's Jesse Livermore.... he was a very long term trader that lived buy these types of rules.

Here's the update. Roughly +358 pips on TradeKing and +190 pips on OANDA
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Our AWESOME IMAGINATION is the true holy grail!
  • #7,076
  • Dec 18, 2015 8:28am Dec 18, 2015 8:28am
Quoting xmess7
One of the important rules as a long term trader is to let the trade work itself out. Lastnite I said that if this were a real situation I would of closed all trades cause of whatever happened with the USD. WRONG!!! All pairs on both brokers had a retrace and are now back to the direction they were heading in. I would of closed out and lost this opportunity. I need to be careful and not fall into the short trader mentality . You see my icon?? That's Jesse Livermore.... he was a very long term trader that lived buy these types of rules. Here's...
hi xmess, can you put a TPL out ? my looks different . Thanks
  • #7,077
  • Dec 18, 2015 8:38am Dec 18, 2015 8:38am
Looks like slow night and morning. No trades whatsoever. Could be a good thing cause setups don't seem to be there.
  • #7,078
  • Dec 18, 2015 10:52am Dec 18, 2015 10:52am
i have attached a picture of what the ea and indicator should be doing. to avoid the repaint of the semafor u can take trades only after the trend has been established that is at the rebound or pull back of the trend at pivot i.e from my chart, when 3semafor appears u don't trade. u wait for the trend to be established at the second wave ( 1 or 2 level semafor) when there is a pullback or retracement u wait for level 1 or 2 semafor to appear falling at pivot then 2 to 3 candles from there as long as stochs is crossed in the direction of the trend for buy from 20 towards 80 and for sell from 80 towards 20.by the time level 1 or 2 semafor appears u are already getting a higher low(HL) for a buy or a Lower Higher(LH) for a sell. This will give you higher accurracy and will reduce the number of trades. check the pics and tell me what u think.
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  • #7,079
  • Dec 18, 2015 12:49pm Dec 18, 2015 12:49pm
Quoting leougo
i have attached a picture of what the ea and indicator should be doing. to avoid the repaint of the semafor u can take trades only after the trend has been established that is at the rebound or pull back of the trend at pivot i.e from my chart, when 3semafor appears u don't trade. u wait for the trend to be established at the second wave ( 1 or 2 level semafor) when there is a pullback or retracement u wait for level 1 or 2 semafor to appear falling at pivot then 2 to 3 candles from there as long as stochs is crossed in the direction of the trend...
leougo:
Great idea. I am also going to use the zz indicator as illustrated in one post be Dredding. Looking at one of Dreddings examples basically slaps a 15min chart and says "Easy to tell which way the trend is going". I looked and noticed that zz indicator was on the chart and "SAW" how it zig zaged in the direction he was talking about.. .

Anyhow here's a question for you. How many setups like the one you show are successful at pointing to which way price is moving? It would be nice two know what the edge is. Plus the second vertical yellow line if a #3 semafore shows up before that then the re-entry would more than likely be negated.
Of course this are the issues we have with indicators that recalculate after time has passed.

These are the ideas we need. For now just hold on.. there is still one issue that I need to resolve with the EA doing just as we expect with the given inputs... once that is done then we can really concentrate on getting the best trend detection method.
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Our AWESOME IMAGINATION is the true holy grail!
  • #7,080
  • Dec 18, 2015 12:58pm Dec 18, 2015 12:58pm
Quoting nunez1
{quote} hi xmess, can you put a TPL out ? my looks different . Thanks
Welcome nunez1.

So which one do you need? Look at the images. The OANDA chart includes the freebie_indicator (shows arrows and pivots), whereas the TRADEKINBG chart does not use the freebie indicator (show no arrows) and has a different pivot indicator on it.

The EA can stand alone, it doesn't need to have the freebie_indicator on the chart. The only thing the freebie_indicator is used for at this point is to SEE where the possible signals. Then we want to see if the EA trades match those signals. At the moment we are trying to get this to work. For no the xm7_freebie_indicator_v4 and the xm7_Freebie_v5 match.

LOL sorry TMI. Let me know which one you are interested in and I will make the TPL.
Our AWESOME IMAGINATION is the true holy grail!
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