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Price Action Trading with Indicators! The Freebie System

  • #7,141
  • Dec 23, 2015 10:27pm Dec 23, 2015 10:27pm
Quoting Checkz
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. {image} {image}
Checkz: Good catch and thnx for the charts.... One thing, show me the Expert Logs. There you will see the usual debug info and there will also be an extra trend direction statement, it will have the time of each candle open and show the trend it detected during that time. Show me that info.

I can tell you this. The EA caught the correct signal... the indicator still needs work... try refreshing it to see if u still get that green arrow.

In my case I loaded the indicator and got the trend direction but didn't get the ARROW where you got the trade.

Like I said, the EA seems to be doing the job. The indicator needs more attention. I thought I had taken care of the issue but it turns out that something happens that messes up the flow of the indicator and it starts to get weird results, that is until u refresh it.

I am going to try another approach for the indicator, but at the least the EA is doing what we expect it to do.... so far anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: OANDA_USDCAD.jpg Size: 263 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,142
  • Dec 23, 2015 10:34pm Dec 23, 2015 10:34pm
Here you go Xmess
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (55).png Size: 81 KB
  • #7,143
  • Dec 23, 2015 10:42pm Dec 23, 2015 10:42pm
Quoting Checkz
Here you go Xmess {image}
Checkz:

Thnx. Notice that the EA at 19:45 it found all the conditions for a LONG EXCEPT that the upperTrend was SHORT, SO NO TRADE.

Plus as u can see for 2015.12.23 at each 15min it detects that the trend is -1 (or SHORT).

Kewl at the least the EA is doing things as expected.

So.. back to the drawing board with the indicator... for now refresh it and see if corrects itself and shows at the least the correct trend direction.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,144
  • Dec 23, 2015 10:48pm Dec 23, 2015 10:48pm
Quoting xmess7
{quote} Checkz: Thnx. Notice that the EA at 19:45 it found all the conditions for a LONG EXCEPT that the upperTrend was SHORT, SO NO TRADE. Plus as u can see for 2015.12.23 at each 15min it detects that the trend is -1 (or SHORT). Kewl at the least the EA is doing things as expected. So.. back to the drawing board with the indicator... for now refresh it and see if corrects itself and shows at the least the correct trend direction.
I closed and reopened my platform and the arrow is now gone. Thanks and the sell trade I took was done manually and not with the Ea.
  • #7,145
  • Dec 23, 2015 10:55pm Dec 23, 2015 10:55pm
Quoting Checkz
{quote} I closed and reopened my platform and the arrow is now gone. Thanks and the sell trade I took was done manually and not with the Ea.
Ah ok, then the EA didn't take the trade... hmmmm.... hmhmhmhm LOL....

So if u go down further on the EXPERT log, say to the candle where you saw the requirements there is no entry there? You can also look at the JOURNAL (next tab over) and see if at that time you took the trade manual, see if there was an error on an attempt to take a short trade....
Our AWESOME IMAGINATION is the true holy grail!
  • #7,146
  • Dec 23, 2015 11:05pm Dec 23, 2015 11:05pm
Quoting xmess7
{quote} Ah ok, then the EA didn't take the trade... hmmmm.... hmhmhmhm LOL.... So if u go down further on the EXPERT log, say to the candle where you saw the requirements there is no entry there? You can also look at the JOURNAL (next tab over) and see if at that time you took the trade manual, see if there was an error on an attempt to take a short trade....
Well I don't have a sell arrow at the same place you have so im not sure what happened unless you are showing another brokers chart than mine. Im Oanda and I just placed the sell trade because I saw a red candle.
  • #7,147
  • Dec 23, 2015 11:48pm Dec 23, 2015 11:48pm
My chart was OANDA GMT-5

My concern is that the EA didn't take the trade where you took it. Based on what I saw it should of taken, I was thinking that perhaps the EA ran into an error and didn't take the trade, like u did. The error would be seen in the JOURNAL.

Since I am not running USDCAD I don't have the EXPERT log info or for that matter, can know even if the EA attempted to take a trade...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,148
  • Dec 24, 2015 2:04am Dec 24, 2015 2:04am
[quote = xmess7; 8.660.009] {quote} gianniko: Si prega di spiegare che cosa si sta mostrando sul grafico. A me sembra il vostro vendere e comprare segnali si basano sia sul H1 o H4 concordando con le condizioni 15M. Quindi, non si utilizza la D1? Thnx Jess [/ quote]
When I'm on the 15m chart, I consider the signal 15-1h or sometimes 15-1h-4h. L 'indicator makes the selection of time frames automatically, if they are in the 4h chart, the' Ashtrend become 4H-1D-1WIN
  • #7,149
  • Dec 29, 2015 1:53pm Dec 29, 2015 1:53pm
Hope everybody is enjoying the holidays!
  • #7,150
  • Edited Dec 30, 2015 2:32am Dec 29, 2015 4:11pm | Edited Dec 30, 2015 2:32am
UPDATE (Dec 29, 2015 2:11pm): Please download indicator v6 again. I found an error and fixed it.


Yep, having a great time.

So here's a simple update... I added trading hours to the EAs and indicator...
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v6.ex4   55 KB | 186 downloads
File Type: ex4 xm7_Freebie_EA_Mulitv4.ex4   57 KB | 175 downloads
File Type: ex4 xm7_Freebie_Indicator_v6.ex4   58 KB | 222 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,151
  • Edited 2:46am Dec 30, 2015 2:34am | Edited 2:46am
Quoting xmess7
UPDATE (Dec 29, 2015 2:11pm): Please download indicator v6 again. I found an error and fixed it. Yep, having a great time. So here's a simple update... I added trading hours to the EAs and indicator...

Just to repeat. If you downloaded indicator v6 before the time I posted in the previous post, download it again.

BTW does anyone have experience with the Double ZigZag indicator? Is it stable or ??

UPDATE: NeverMind... I just found out that it can display results 3-4 bars later due to the fractal nature of how it is calculated...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,152
  • Dec 30, 2015 7:16pm Dec 30, 2015 7:16pm
Does the latest EA and indicator look at the previous day Ha candle or the current one/today HA daily candle for HA trend?
  • #7,153
  • Dec 30, 2015 7:25pm Dec 30, 2015 7:25pm
Quoting Checkz
Does the latest EA and indicator look at the previous day Ha candle or the current one/today HA daily candle for HA trend?
Right now it looks at the current DAily HA candle. Plus I think that Dredding mentioned 4H vs 1D when using the HA for detecting trend. I am going to double check and if that is so I am going to change it. Tell me you thought on the HA indi and what TF.

There is another post where he presents the MTF HA bar indicator or something like that. I was studying what he was saying and saw something there. Just need to clarify what I think he is trying to illustrate for the trend detection thing.

OH BTW, I just saw something that the Indicator is doing incorrectly when it comes to detecting the trend. I will be fixing it soon. For now the fix is to set the days to a number beyond the last Sunday candle. So like today Wednesday you would want to set the Days to 4, that would take it back to last friday (Actually Thursday the 24). That should give u a more correct reading for the daily stuff.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,154
  • Dec 30, 2015 7:51pm Dec 30, 2015 7:51pm
Ok. Here are a couple of posts where Dredding used the MTF HA to determine higher TF. As you can see he would wait for H1 and H4 to line up with m15 HA.

So I am going to modify v7 to do exactly this. Any suggestions please let me know.

Here is a pic from post 3503
Attached Image (click to enlarge)
Click to Enlarge Name: post3503_Dredding_upperTF HA trend.jpg Size: 124 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,155
  • Dec 30, 2015 7:53pm Dec 30, 2015 7:53pm
Do you guys know what indicator Dredding was using in this post?? Its on the upper right hand corner and shows arrows. And was it successful??

This is from post 1239
Attached Image (click to enlarge)
Click to Enlarge Name: Dredding_Example_aud_Post1239.jpg Size: 143 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,156
  • Dec 30, 2015 8:13pm Dec 30, 2015 8:13pm
[quote=Dredding82;4540979 ....... ** NOTE*** Add the Freebie Histo Signal indicator on top of the MTF HA window and ONLY take the trades where a Freebie Histo Signal lines up with a higher TF all green or all red MTF HA LINES and that is your TREND so TRADE THAT WAY...... [/quote]

That quote is on page 88 post 1746. So what do you guys think? Based on the image (See below) does it mean that when the Freebie Histo Signal indicator matches the MTF HA that we consider that the trend direction UNTIL we see the opposite match? Based on what Dredding wrote on the image it seems so.... tell me what you think so I can implement this as the HA approach/
Attached Image (click to enlarge)
Click to Enlarge Name: Dreddng Post 1746.jpg Size: 151 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,157
  • Dec 31, 2015 7:45am Dec 31, 2015 7:45am
Hi Jess,

I believe the Dredding was suggesting that all the MTF HA's Line up. However, in several posts, he mentions that when trading on the M15, then look at the HA bar on the H4 to be the same color.

I've don't lots of playing around with an indicator that looks at H4 vs. H1 vs. both. In the end there seems to be no perfect way. If you restrict it to all of them lining up, you will miss lots of good setups, and when they all line up, there's no guarantee that it will be a good trade.
  • #7,158
  • Dec 31, 2015 11:44am Dec 31, 2015 11:44am
Quoting dallmanb
Hi Jess, I believe the Dredding was suggesting that all the MTF HA's Line up. However, in several posts, he mentions that when trading on the M15, then look at the HA bar on the H4 to be the same color. I've don't lots of playing around with an indicator that looks at H4 vs. H1 vs. both. In the end there seems to be no perfect way. If you restrict it to all of them lining up, you will miss lots of good setups, and when they all line up, there's no guarantee that it will be a good trade.
dallmanb:
Not looking for perfection but consistency. My view was that when the colors of both indicators line up then we have direction. That would not change until we had another setup where the colors would line up. It's not that you take the trade when the colors line up it more of a general direction. If you look at the image you see that he circles where both indicators match with green. Then he draws arrows as if to say from then on the TREND direction is LONG. This would then only change when we saw the indicators lineup with RED, in which case that would mean we start only looking for short trades. I did a brief visual on this and there were many times that there was no agreement and you ended up with inconsistent results.

I too have noticed that he uses the 4H instead of the 1D when he is dealing with the HA stuff. In the next version I will provide both versions....
Our AWESOME IMAGINATION is the true holy grail!
  • #7,159
  • Dec 31, 2015 12:26pm Dec 31, 2015 12:26pm
Quoting xmess7
{quote} dallmanb: Not looking for perfection but consistency. My view was that when the colors of both indicators line up then we have direction. That would not change until we had another setup where the colors would line up. It's not that you take the trade when the colors line up it more of a general direction. If you look at the image you see that he circles where both indicators match with green. Then he draws arrows as if to say from then on the TREND direction is LONG. This would then only change when we saw the indicators lineup with RED,...
Xmess thanks for this explanation because I too thought the trades were taken when the colors lined up but since I read your explanation what you said makes alot of sense.
  • #7,160
  • Dec 31, 2015 9:23pm Dec 31, 2015 9:23pm
Version 7!! The indicator, the EA, and the Multi version are all updated.

Added Heiken Ash for H4 and D1, so now u can pick which to use for trend detection. It's just a color check of the HA candle at the hgher TFs. I modified the #MTF_Heiken_Ashi indicator. I made it more in line with what Dredding had in mind. The updated version is called #MTF_Heiken_Ashi_xm7.ex4. The indicator and EAs will tell you if you are missing the file, so if someone misses it this time they can do a search for the indicators.

Made a fix on the indicator. I think I am close to fixing completely that indicator. The only thing I think is left is after you open it, to see it work and trade the right pivots when the new day starts.

I also added the 20MA for trend detection, someone had suggested that earlier and it was in one of the EAs but not on the indicator.

I am considering adding the ASCTrend for trend detection, maybe on the next version. I need to see more examples of how it does real time.

Here's a screen shot of the v7 inputs. The inputs for Multiv5 are similar.

I did this stuff real fast cause we are getting ready for the celebration !!!!!!. So TEST TEST TEST for all the bugs LOL.

Take care and as usual ALL LATEST Indicators with EAs are on http://xm7.info/ea/freebie

OH and REMEMBER the EAs do not need the xm7_Freebie indicator. The freebie indicator is only for visual confirmation or alerts. The EAs also can provide alerts too but in those cases they are alerts of actual trades.
Attached Image (click to enlarge)
Click to Enlarge Name: Freebe_v7_inputs.jpg Size: 238 KB
Attached File(s)
File Type: ex4 #MTF_Heiken_Ashi_xm7.ex4   18 KB | 211 downloads
File Type: ex4 xm7_Freebie_Indicator_v7.ex4   62 KB | 285 downloads
File Type: ex4 xm7_Freebie_EA_Mulitv5.ex4   61 KB | 170 downloads
File Type: ex4 xm7_Freebie_EA_v7.ex4   58 KB | 199 downloads
Our AWESOME IMAGINATION is the true holy grail!
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