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Price Action Trading with Indicators! The Freebie System

  • #7,101
  • Dec 20, 2015 10:47pm Dec 20, 2015 10:47pm
yes antededo, you take your trades based on the higher time frame trend or direction. this will help your trades to work out better. So if 1hr. is up ie according to you the ama slope dot is blue and above the zero line, you go to your time frame of entry say 15min. and wait for the ama slope to be above the zero line with a blue dot as well with your hash candle also changed colour to indicate the direction as well. one question: do you trade the rebounds i.e 1 or 2 semafor dots or you trade also the 3 semafor on your entry chart? ALSO, YOUr TREND IS THE AMA DOT ON YOUR HIGHER TIME FRAMEi.e red dot means look for sell on entry t.f and a blue dot means look for a buy on entry time frame?
  • #7,102
  • Dec 20, 2015 10:54pm Dec 20, 2015 10:54pm
Hi antodedo, the thick red lines up and down are trend lines drawn by me on the higher time frame i.e daily chart trend line. so a bounce of that line is like a failed at pivot. But with your strategy there is no need of this if am right?
  • #7,103
  • Dec 20, 2015 11:08pm Dec 20, 2015 11:08pm
antodedo sorry am asking too many questions: your heiken ashi candle is it smoothed or the normal heiken ashi?
  • #7,104
  • Dec 21, 2015 12:34am Dec 21, 2015 12:34am
hI ANTODEDO, the first shot is about the rules for this strategy hope i got it right.
the second short is an example of a trade: 1hr. is the higher time frame: 3 semafor appeared, then heiken ashi changed color. it remained that way till close of the 21.00 candle. The ama has apperared blue above the zero line this is now a buy. so I move to the lower time frame 15min. to look for entry in the same direction of the 1hr. that is to buy.
the third pix is the entry on 15min. the white lines show the signals on the 1hr. and 15min charts hope I got? what is your target? ATR, next pivot or when ever there is a reverse signal on the higher time frame?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDH1.2.png Size: 41 KB
Click to Enlarge Name: EURUSDM15.png Size: 43 KB
Click to Enlarge Name: EURUSDM15.2.png Size: 43 KB
  • #7,105
  • Dec 21, 2015 12:58am Dec 21, 2015 12:58am
Hi xmess, hav been looking at antodedo's implimentation of dreggs strategy and it looks simple and less complicated. pls if you can develop an ea and indicator based on this i think it might be easier with less updates -though am not a programmer, might be wrong Lol. You can also include d money management rules you hav develope with it. thanx for considering this. to really ascertain it's profitability we can back and forward test it.
  • #7,106
  • Dec 21, 2015 1:48am Dec 21, 2015 1:48am
Just had a go on a demo account with a methodology similar (but not the same) to antodedo's and scored 12 out of 12 profitable trades. Could have made more profit but decided to close the lot when the profit got to $4K... I'm encouraged....
Attached Image (click to enlarge)
Click to Enlarge Name: first attempt at semafor trades.JPG Size: 103 KB
  • #7,107
  • Dec 21, 2015 5:15am Dec 21, 2015 5:15am
Hi, Xmess7, the rules for Antodedo's system are as follows:
Longer time frame trend : 1. if ama slope is above zero, blue dot is above zero and the heiken ashi candle changes from red to white and remains white when it closes. so longer trend is BUY. THE SELL TREND ON LONGER T.FRAME IS THE REVERSE OF THIS.

ENTRY RULES ON LOWER TIME FRAME AS FOLLOWS:
1. IF LONGER T.FRAME TREND IS BUY SCOUT FOR BUY ONLY
2. BUY WHEN: a.SEMAFOR 3 APPEARS BELOW. b. ama slope above zero line, heiken ashi candle changes colour to white and remains so at the close of that candle. c. blue dot above the zero line.
THE SELL SIGNAL IS THE REVERSE OF THESE RULES.

YOU CAN NOW ADD TARGETS AND STOP LOSS BASED ON WHAT YOU HAVE BEFORE OR WE CAN STILL CONTACT ANTODEDO FOR THESE.

THANKS SO MUCH ONCE AGAIN FOR ALL YOUR EFFORTS.
  • #7,108
  • Dec 21, 2015 9:32am Dec 21, 2015 9:32am
Quoting xmess7
{quote} Correct, in that 1st quote you made there are two images. Each image corresponds to one broker. On each broker I am using different set of indicators. So which set of indicators would you like a template from? From the broker that has OANDA charts or from the broker that has TradeKing Charts?
Hello Jess,
Sorry I have been quite, busy with other stuff. Well it looks like that the latest V5 is more stable, and the addition of the trail is giving so far good results. Also The HA option seems to be working better than 3sema (sorry). if you could add a comment line so we can specify what is what
  • #7,109
  • Dec 21, 2015 10:42am Dec 21, 2015 10:42am
Quoting leougo
Hi, Xmess7, the rules for Antodedo's system are as follows: Longer time frame trend : 1. if ama slope is above zero, blue dot is above zero and the heiken ashi candle changes from red to white and remains white when it closes. so longer trend is BUY. THE SELL TREND ON LONGER T.FRAME IS THE REVERSE OF THIS. ENTRY RULES ON LOWER TIME FRAME AS FOLLOWS: 1. IF LONGER T.FRAME TREND IS BUY SCOUT FOR BUY ONLY 2. BUY WHEN: a.SEMAFOR 3 APPEARS BELOW. b. ama slope above zero line, heiken ashi candle changes colour to white and remains so at the close of that...
leougo:
Thnx for the investigation. That's what I need, step by step so an EA can be developed. I hope that antodedo will provide anymore insight that he may not of mentioned.

For the moment I am only creating an EA, no indicator. They EA will contain the rules that so far have been outlined and will have the MM and Trial features that we are currently using.

Question is should we start another trend? This approach is somewhat different than what dredding presents. Plus it reminds me of what happens to threads and how in the end they evolve into something totally different than what the originator had in mind. Of course you know what happens next right.... the thread DIES lol.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,110
  • Dec 21, 2015 10:45am Dec 21, 2015 10:45am
Quoting fabio.g
{quote} Hello Jess, Sorry I have been quite, busy with other stuff. Well it looks like that the latest V5 is more stable, and the addition of the trail is giving so far good results. Also The HA option seems to be working better than 3sema (sorry). if you could add a comment line so we can specify what is what

No problem Fabio. Thanx for verifying the trailing input. Believe it or not I am changing back to the _3sema upper trend detection, lol. Oh well each of us has different brokers, different results. What do you mean comment line? Comment line on the chart? or Comments next to the inputs?
Our AWESOME IMAGINATION is the true holy grail!
  • #7,111
  • Dec 21, 2015 10:55am Dec 21, 2015 10:55am
Quoting leougo
hI ANTODEDO, the first shot is about the rules for this strategy hope i got it right. the second short is an example of a trade: 1hr. is the higher time frame: 3 semafor appeared, then heiken ashi changed color. it remained that way till close of the 21.00 candle. The ama has apperared blue above the zero line this is now a buy. so I move to the lower time frame 15min. to look for entry in the same direction of the 1hr. that is to buy. the third pix is the entry on 15min. the white lines show the signals on the 1hr. and 15min charts hope I got?...
leougo: I was doing eyeballing the approach when antodedo presented it. You have to shift your line on the 15min over at the lest 1 hr. Let me tell you why.

Look at the 1hr. You placed a line on hour 21.00 where the conditions are met, check. But when things are flowing you won't know the condition until the open of hour 22.00 cause you need to wait for the 21.00 candle to close and start looking for longs on the 15min TF at 22.00. See what I mean? Anyhow, for the next 9 hours there are other entry levels in the 15min. At least the one that is after 22.00 on the 15min chart looks like a winner, using the MM we currently have.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,112
  • Dec 21, 2015 10:57am Dec 21, 2015 10:57am
Quoting Seerkat
Just had a go on a demo account with a methodology similar (but not the same) to antodedo's and scored 12 out of 12 profitable trades. Could have made more profit but decided to close the lot when the profit got to $4K... I'm encouraged....{image}
Seerkat:
Hey welcome. Please elaborate or if you want you can send me a PM of your version of the approach. Thnx
Our AWESOME IMAGINATION is the true holy grail!
  • #7,113
  • Dec 21, 2015 3:01pm Dec 21, 2015 3:01pm
Quoting xmess7
{quote} No problem Fabio. Thanx for verifying the trailing input. Believe it or not I am changing back to the _3sema upper trend detection, lol. Oh well each of us has different brokers, different results. What do you mean comment line? Comment line on the chart? or Comments next to the inputs?
A comment that can be set in the input deck, so the comments written can reflect the action take by the EA, such Freebie_HA_blabla
  • #7,114
  • Dec 21, 2015 10:34pm Dec 21, 2015 10:34pm
Update on Oanda and TradeKing Demos

Both brokers have closed some of BE trades we had last week. Only one trade has survived and that is on the Tradeking demo. New trades happened today on both demos and we both are already on their half with BE set. So in total we have 3 free trades that have already provided profit and are giving more.
It is interesting to see how the TradeKing account has recovered from the big loss it took on that first Thursday. Onda on the other hand has steadily grown.

Settings are:
useAutoTrend=_3sema
TestTrade_onDailyAverage=No
GetHalfLeave_RestBE=Yes
MMType=risk on percent
PrecentRisk=3
Attached Image(s) (click to enlarge)
Click to Enlarge Name: OANDA_GetHalf5.jpg Size: 438 KB
Click to Enlarge Name: TradeKing_2GetHalf3.jpg Size: 419 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,115
  • Dec 21, 2015 10:54pm Dec 21, 2015 10:54pm
Quoting xmess7
Update on Oanda and TradeKing Demos Both brokers have closed some of BE trades we had last week. Only one trade has survived and that is on the Tradeking demo. New trades happened today on both demos and we both are already on their half with BE set. So in total we have 3 free trades that have already provided profit and are giving more. It is interesting to see how the TradeKing account has recovered from the big loss it took on that first Thursday. Onda on the other hand has steadily grown. Settings are: useAutoTrend=_3sema TestTrade_onDailyAverage=No...
Nice Trades!!!
  • #7,116
  • Dec 22, 2015 2:23am Dec 22, 2015 2:23am
Quoting Checkz
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. {image}
It last few years since i have tried to trade Dred system and still one question is without answer. What it is Trend Indicator (in subwindow).
Maybe someone knows.
  • #7,117
  • Dec 22, 2015 6:51am Dec 22, 2015 6:51am
Hi Iwan73, this system is a very good system that works and is profitable of all systems i've tried this is the most accurate though not 100% but give u a good risk to reward ratio. if u really want to understand it go to page 1. Here is a little explanation of how it works: it works on any time frame but for better results trade in the direction of a higher time frame's trend. one way to determine trend of higher time frame is to use the zigzag it shows u clearly if the trend is up or down. u can also use the 3Level semafor for direction. This is where many get confused because it repaints, yes it does u only use it as a signal that this is where the trend seems to be going u confirm this direction with the heiken ashi candle. This is how u use it. if u want to trade on 15min. U can use 1hr. as your higher time frame. So on your 1hr. what 3level semafor do u see. if u see a big yellow semafor up that is a sell but wait for that candle to closee.if it closes and the semafor is still there, then go to your entry chart(15min). and follow the instructions on page1. that is wait for a semafor to appear in 15min chart in the 1hr chart direction in this case down. let there be a fail at pivot--this must be within 1-3 candles, let the heiken ashi candle change from blue(buy) to red(sell). once this change candle closes and is still red, at the opening of the next candle you sell. the reverse is for buy.
the first attached pix is for trend from 1hr. using 3level semafor. The second pix is your entry. The yellow arrows are your entry candles in the direction of 1hr. trend i.e up
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: entryon15min.png Size: 49 KB
  • #7,118
  • Dec 22, 2015 8:09am Dec 22, 2015 8:09am
Hi Jess,

How are you getting the value of the pivots for your calculations in the xm7_Freebie_Indicator_v4.ex4 indicator? When I look at the data window on the chart, I don't see any data in the buffers for the xm7_pivots.
  • #7,119
  • Dec 22, 2015 9:52am Dec 22, 2015 9:52am
[quote = dallmanb; 8657944] Ciao Jess, Come hai trovato il valore dei perni per i vostri calcoli l'indicatore xm7_Freebie_Indicator_v4.ex4? Quando guardo la finestra dei dati sul grafico, non vedo alcun dato nel buffer per le xm7_pivots. [/ Quote]
you can change in the time frame 'expert?
  • #7,120
  • Dec 22, 2015 1:25pm Dec 22, 2015 1:25pm
Quoting dallmanb
Hi Jess, How are you getting the value of the pivots for your calculations in the xm7_Freebie_Indicator_v4.ex4 indicator? When I look at the data window on the chart, I don't see any data in the buffers for the xm7_pivots.
Don't use v4 it has errors when calculating certain things. Use v5.

The indicator loads at the beginning of the day the xm7_pivot. Then the pivot level values are recorded. So the rest of the day I just go to the array where I recorded the values and search to see if the current candle has crossed a pivot level. I also take note of direction and how far from the pivot either the high or the low is.

The EA does not use the xm7_pivot, it just calculates the levels at the beginning of the day (or period) and the rest of the day uses those recorded values to test candle crosses etc etc.

hope that helps... Dude once this is working properly I am going to release all the code...

BTW I just saw an error on the EA... took a short on EURAUD and it should not have... there was no pivot crossed and the upperTrend caught was SHORT (which was not correct, it was supposed to be LONG). I am going to give u guys an update. I added a debug that tells u what the trend direction is for each candle close. In other words I need to see when it fails so I can add code that will prevent it from getting the wrong info.

Stay tuned
Our AWESOME IMAGINATION is the true holy grail!
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