Price Action Trading with Indicators! The Freebie System | Page 357 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Freebie 1 min trading method 1,227 replies

Naked Trading Using Price Action (No Indicators) 32 replies

Pure Price Action Trading - NO lines or indicators 49 replies

Help adding a filter to the Freebie Indicator 3 replies

EUR/USD Trading Price Action System 2 replies

Attachments: Price Action Trading with Indicators! The Freebie System
Exit Attachments

Price Action Trading with Indicators! The Freebie System

  • #7,121
  • Dec 22, 2015 1:32pm Dec 22, 2015 1:32pm
Quoting gianniko
[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?
Hola gianniko:

Use the Multiv3 EA version. That one can use different TF's I have not even looked at what it is doing. There is someone else that is testing it, so if you do test it please report your findings, errors, etc etc. I am interested in the multi version cause my TF of preference is H4.

You can find all the latest updates at http://xm7.info/ea/freebie/
Our AWESOME IMAGINATION is the true holy grail!
  • #7,122
  • Dec 22, 2015 1:43pm Dec 22, 2015 1:43pm
Update to EAs:

I added a print statement that will show the trend direction as the indicator in the upper TF is detecting.

No real changes have been made to the EAs. This was done cause earlier I had a short on EURAUD. The debug message indicated that the trend was SHORT, when in fact it was LONG.

This new debug statement will appear after each candle close. So if you ever see a trade that does not make sense u can check to see if the higher trend was detected correctly and compare this to what debug statement we have been using earlier too.

higherTrend=1: LONG
higherTrend=-1: SHORT
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v5.ex4   54 KB | 181 downloads
File Type: ex4 xm7_Freebie_EA_Mulitv3.ex4   56 KB | 189 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,123
  • Dec 22, 2015 2:40pm Dec 22, 2015 2:40pm
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?
Jess, I played with the settings for AMA Slope indicator shared by antededo and tested them with my EA for trend detection. At higher periods its trend detection is working superb and filters out most of the losing trades as far as I tested. The settings I used are period 20, fast 2, slow 100 for the AMA Slope indicator. May be you can include this as well in your EA as a drop down option. I saw that number of trades were less when this indicator is used along with dredding system but the success rate was high. I deployed my latest EA with these changes on a aws instance to check the EA performance. I tried it with H1 trend detection using 15 min for entry and the results are so far good.
  • #7,124
  • Dec 22, 2015 2:55pm Dec 22, 2015 2:55pm
Quoting bhaskaruni
{quote} Jess, I played with the settings for AMA Slope indicator shared by antededo and tested them with my EA for trend detection. At higher periods its trend detection is working superb and filters out most of the losing trades as far as I tested. The settings I used are period 20, fast 2, slow 100 for the AMA Slope indicator. May be you can include this as well in your EA as a drop down option. I saw that number of trades were less when this indicator is used along with dredding system but the success rate was high. I deployed my latest EA with...
can you put pictures of how you are trading it? please
  • #7,125
  • Dec 22, 2015 3:28pm Dec 22, 2015 3:28pm
Hey xmess thanks for responding. Haven't done quite so well since but that's because I hopped in too early against GBPs downward slide.

My word you have been busy.

I really think antodedo's system is quite good, but... Problem with sensitive signals to enter trade (HA with AMA slope) is that it can get you in too early. When you have a strongish sustained trend you will enter the market against it earlier than you should with retracements, and consequently suffer losses.

To be quite frank not necessarily a big fan of Support/resistance. All nice in theory but is it really evidence-based? I know sometimes it seems to be, but other times not. I guess that is the problem with Technical analysis overall. My SR indicator continues to redraw so its hard to tell unless I was obsessive enough to keep taking screenshots, which I'm not. Also is it possible to code this into an EA if it does help to filter trades???

If you have a long trend with retracements - look at GA or GN M30 for exaample, you need a less sensitive more robust indicator. I'm thinking TCCI (period 20-25) or NLMA (period 15 -20) to help you only take trades only when the trend becomes more significant. Don't forget NLMA repaints a bit, so you need to set the percent above 1 to help stop this. I think TCCI repaints a bit too, filter needs to be about 1.

I really think its important to increase the periods of the semafor. I'm playing around with that a bit at present. I've also changed the Dev settings (KDev or Dev_step depending on which version of semafor you are using). These settings seem to have an impact but unsure what its really doing.

I've been searching for other indicators which will filter trades thereby increasing probability of successful trades. Been looking at divergences and other stuff.

Just had buys on GN, GA, GY. Looking good at present....
  • #7,126
  • Dec 22, 2015 3:36pm Dec 22, 2015 3:36pm
Quoting bhaskaruni
{quote} Jess, I played with the settings for AMA Slope indicator shared by antededo and tested them with my EA for trend detection. At higher periods its trend detection is working superb and filters out most of the losing trades as far as I tested. The settings I used are period 20, fast 2, slow 100 for the AMA Slope indicator. May be you can include this as well in your EA as a drop down option. I saw that number of trades were less when this indicator is used along with dredding system but the success rate was high. I deployed my latest EA with...
bhaskaruni:
I will do that, I will add it to the drop down. I like that fact that there are less trades. To me, being a long term trader, less trades is ideal cause you to less exposure thus less risk.

I wasn't to clear on what TF you were employing the AMA slop indi on. What do you recommend the higherTF? H1 or D1?

Thnx
Our AWESOME IMAGINATION is the true holy grail!
  • #7,127
  • Dec 22, 2015 3:37pm Dec 22, 2015 3:37pm
I should mention also that although I think antodedo's methodology of referring to a higher timeframe is sound, much the same effect can be had by choosing a less sensitive indicator as I mentioned above - the outcome is more or less the same and may be easier to code, if that is a problem...
  • #7,128
  • Dec 22, 2015 3:47pm Dec 22, 2015 3:47pm
Quoting Seerkat
.. Also is it possible to code this into an EA if it does help to filter trades??? ...
Please explain what part you where pointing to when you made this statement. Are you referring to coding part of the antodedo approach or to the SR info you provided?

Thnx for the review, as always there are details that we don't catch when it comes to all indicators. These details we have to be detect and mitigate when we are dealing with real time trades.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,129
  • Dec 22, 2015 4:01pm Dec 22, 2015 4:01pm
Quoting xmess7
{quote} Please explain what part you where pointing to when you made this statement. Are you referring to coding part of the antodedo approach or to the SR info you provided? Thnx for the review, as always there are details that we don't catch when it comes to all indicators. These details we have to be detect and mitigate when we are dealing with real time trades.
Hi xmess7,

I meant is it possible to code the SR indicator I have been using? Attached. I haven't used your EA yet - excuse my ignorance - you probably have already included SR?
Attached File(s)
File Type: mq4 II_SupDemMOD2.mq4   61 KB | 171 downloads
  • #7,130
  • Dec 22, 2015 4:39pm Dec 22, 2015 4:39pm
Quoting Seerkat
{quote} Hi xmess7, I meant is it possible to code the SR indicator I have been using? Attached. I haven't used your EA yet - excuse my ignorance - you probably have already included SR? {file}
Nope, no SR has been added to the freebie EA nor Indicator. About the only thing you see are Pivot Lines and they are used as basic bouncing points, I would say somewhat like support and resistance. Sort of... naw not really LOL

So how do we use this SR indi to filter out trades??
Step by step would be appreciated.

J
Our AWESOME IMAGINATION is the true holy grail!
  • #7,131
  • Dec 22, 2015 4:46pm Dec 22, 2015 4:46pm
"Is it possible to Code ...."

GUYS:
Anything is possible to code. Heck one time just for fun I made an EA that when it closed out with profit, it would open my car garage door. LOL!!!
So as you can imagine every-time I saw my car garage open I would jump for joy cause I knew I had just made $$$$ LOL.... It was a fun project..

But the key is that you need to have a complete step-by-step instruction of what YOU as a human do with the indicators etc etc.
I have many times run into traders that have gave me "instructions" of what hey wanted an EA to do. Then to find out later that they had "NEW" details that I had no knowledge of. Sometimes it was a never ending code update.... and none of it worked.

One time I was accused of making too many "ERRORS". Later on I find out that the trader was the one that was feeding me his "ERRORS". LOL.

It's important that you look at yourself and see what you are doing EXACTLY with the indicators.
Then you can form a step-by-step instruction that will come VERY close to what YOU are doing..

Dredding was good at this ....
Our AWESOME IMAGINATION is the true holy grail!
  • #7,132
  • Dec 22, 2015 6:51pm Dec 22, 2015 6:51pm
Absolutely understandable.

Haven't settled on suitable filters and their settings as yet so won't waste your time and ask to code anything just yet. Maybe in the next week or two...
  • #7,133
  • Dec 23, 2015 4:03am Dec 23, 2015 4:03am
[quote = gianniko; 8658145] [quote = dallmanb; 8657944] Ciao Jess, vieni 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 date nel tampone per le xm7_pivots. [/ Quote] è possibile modificare nel lasso di tempo 'esperto? [/ Quote]
Hello I wanted to bring my experience, it is more than a year that use the strategy Dredding, use only the most MTF Ashtrend this indicator, which tells me when semafor actually does the reverse, also because it gives me an alert email. This indicator comes from the Genesis system-matrix. Use only the discs 2 and 3 of semafor. Sorry for my English language I attach the indicators; l 'Ashtrend1 be put on the list indicator
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 33 KB
Attached File(s)
File Type: mq4 ASCTrend-Matrix 3TF.mq4   20 KB | 306 downloads
File Type: mq4 ASCTrend1i.mq4   4 KB | 278 downloads
  • #7,134
  • Dec 23, 2015 6:36am Dec 23, 2015 6:36am
Quoting xmess7
{quote} Hola gianniko: Use the Multiv3 EA version. That one can use different TF's I have not even looked at what it is doing. There is someone else that is testing it, so if you do test it please report your findings, errors, etc etc. I am interested in the multi version cause my TF of preference is H4. You can find all the latest updates at http://xm7.info/ea/freebie/
Does the Multiv3 use the xm7_pivots for the trade? The reason why im asking is I know in order for trade to take place the candle has to fail at pivot and I know the Multi3 EA has the option to choose between daily and fib pivots so since there is no indicator with arrows for the 4hour trader what pivots indicator should I have placed on my chart. Or does the Multi3 EA just look at the semafor and HA candle change and not the pivots?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (51).png Size: 95 KB
  • #7,135
  • Dec 23, 2015 12:50pm Dec 23, 2015 12:50pm
today I made two positive and two trade took the stop signal received semafor disc 1, that I never use, you may external tags, select only disk 2 and 3, or only 3?
  • #7,136
  • Edited 4:51pm Dec 23, 2015 2:23pm | Edited 4:51pm
Quoting Checkz
{quote} Does the Multiv3 use the xm7_pivots for the trade? The reason why im asking is I know in order for trade to take place the candle has to fail at pivot and I know the Multi3 EA has the option to choose between daily and fib pivots so since there is no indicator with arrows for the 4hour trader what pivots indicator should I have placed on my chart. Or does the Multi3 EA just look at the semafor and HA candle change and not the pivots? {image}
Checkz:
The Multi EA does use pivots but it depends on the entry TF. I use the rules that Dredding indicated to determine what upper TF.
So for example if yer entry is H4 the the pivots you want to use are for W1, etc.

Don't use the xm7_pivot. It is only coded for the Daily TF. I use the PivotsDWM for a different TFs.

Remember I have not touched the Multi version for anything, I coded it off the top of my head, so I don't know of it is doing what it is supposed to do for the different TFs
Our AWESOME IMAGINATION is the true holy grail!
  • #7,137
  • Dec 23, 2015 2:39pm Dec 23, 2015 2:39pm
Quoting gianniko
[quote = gianniko; 8658145] [quote = dallmanb; 8657944] Ciao Jess, vieni 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 date nel tampone per le xm7_pivots. [/ Quote] possibile modificare nel lasso di tempo 'esperto? [/ Quote] Hello I wanted to bring my experience, it is more than a year that use the strategy Dredding, use only the most MTF Ashtrend this indicator, which tells me when semafor actually does the reverse, also because it gives...
gianniko:
Please explain what you are showing on the chart. To me it seems your sell and buy signals are based on either the H1 or H4 agreeing with the 15M conditions.
So, you don't use the D1? Thnx Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #7,138
  • Dec 23, 2015 2:52pm Dec 23, 2015 2:52pm
Quoting xmess7
{quote} Checkz: The Multi EA does use pivots but it depends on the entry TF. I use the rules that Dredding indicated to determine what upper TF. So for example if yer entry is H4 the the pivots you want to use are for W1, etc. Don't use the xm7_pivot. It is only coded for the Daily TF. I use the PivotsDWM for a different TFs. Remember I have not touched the Multi version for anything, I coded it off the top of my head, so I don't know of it is doing what it is supposed to do for the different TFs
Okay I will just stick to the 15 minute EA. Thanks
  • #7,139
  • Dec 23, 2015 5:01pm Dec 23, 2015 5:01pm
SWAP or not SWAP that is not an option!!!

Guys:
The EA took a profitable trade on TradeKing. HOWEVER the SWAP was TO BIG. Look at image. I am going to add code on the next update that will skip those types of trades. Even though I had profit, about half went to the SWAP. If you didn't have profit then the loss would be worse. NO need for worse RISK...

Stay tuned we are going to get this fixed.
Attached Image (click to enlarge)
Click to Enlarge Name: TradeKing_SWAP.jpg Size: 386 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,140
  • Dec 23, 2015 9:49pm Dec 23, 2015 9:49pm
Okay I have one more question why do I have a green arrow on the indicator when I have the Trend set for HA candles and the HA for the day is red.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (52).png Size: 48 KB
Click to Enlarge Name: Screenshot (53).png Size: 51 KB
1 trader viewing now