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Price Action Trading with Indicators! The Freebie System

  • #7,221
  • Jan 11, 2016 11:51pm Jan 11, 2016 11:51pm
Quoting dallmanb
Hey Jess, should the indicator put arrows on the chart in history, or will it only plot arrows after you put the indicator on the chart?
dallmanb:
Hey where have u been?

The indicator should place arrows in history. I recommend u use Days=0 (that for today). But to test and see that it plots arrows try Days=3 (0,1,2,3 days where 0 is today).
Our AWESOME IMAGINATION is the true holy grail!
  • #7,222
  • Jan 11, 2016 11:56pm Jan 11, 2016 11:56pm
Folks:
I have updated the v9 an Multiv7 EAs and Indicator.

The update has a rearrangement of the inputs and I added an input UseTwoUpperHA_toDetectTrend. You can now have the EA use both the 4H and D1 HAs to detect the upper Trend direction. (see image below). Plus a reminding, many of the inputs have pull-down lists, so click on them to find out. That way you can use other settings such as instead of the default of _1to1 u can change that to _1to4 TP Target.

The indicator will now print a debug message in the Experts Tab. This way we can SEE what ARROW was printed on the chart when the event occurred.
The debug message will show the candle time of when the Candle should of occurred. This way we can know what happened even though it disappears later cause the ARROW was repainted.

In addition what you see are my default settings. The only thing I change is the PercentRisk (3%). I leave the rest alone.
As usual all latest versions are available at http://xm7.info/ea/freebie
Attached Image (click to enlarge)
Click to Enlarge Name: Freebe_v9_Update_Inputs.jpg Size: 193 KB
Attached File(s)
File Type: ex4 xm7_Freebie_EA_Mulitv7.ex4   67 KB | 175 downloads
File Type: ex4 xm7_Freebie_EA_v9.ex4   66 KB | 166 downloads
File Type: ex4 xm7_Freebie_Indicator_v9.ex4   70 KB | 188 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,223
  • Jan 12, 2016 1:36am Jan 12, 2016 1:36am
Quoting xmess7
BTW, I chickened out and closed all my positions last nite LOL. Ended up with around 40% profit. So far this week have had a couple of trades. Some were losers and one was half profit. I do have one runner EURAUD, long. I'll let you guys know what happens as the week progresses. I'll post charts and all that stuff.
Since I just started it this week, I get all the DD without the runners. Oh, well... maybe later. GU half close, EU loss, GU loss, AU half close, EU loss, EU half close, EU loss, GU half close, EA still open after half close.

Nothing significant changed in v9 did it? I might just leave v8 until the end of the week, unless there were important bug fixes.
  • #7,224
  • Edited 2:53am Jan 12, 2016 2:36am | Edited 2:53am
Quoting xmess7
Folks: I have updated the v9 an Multiv7 EAs and Indicator. The update has a rearrangement of the inputs and I added an input UseTwoUpperHA_toDetectTrend. You can now have the EA use both the 4H and D1 HAs to detect the upper Trend direction. (see image below). Plus a reminding, many of the inputs have pull-down lists, so click on them to find out. That way you can use other settings such as instead of the default of _1to1 u can change that to _1to4 TP Target. The indicator will now print a debug message in the Experts Tab. This way we can SEE what...
Hi XMess,

Thanks for the update! I have some questions about the ordening of the trend decisions. Why do you not make two dropdown list with trendindicators? First you select trend HA daily then you have to decide to have both HA determine the trend. Mixed information!
I have the new v9 indicator and v9EA on the EURUSD chart but look at the arrows on the indicator, also the EA did take an order. It does not respect the option UseTwoUpperHA, see attachment!

Also want to ask you that with any update you change the version, in this case to v10 because its confusing in the computer and updating! thanks!

Dutch
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD freebiev9.PNG Size: 67 KB
Click to Enlarge Name: EURUSD V9 EA.PNG Size: 131 KB
  • #7,225
  • Jan 12, 2016 3:04am Jan 12, 2016 3:04am
Quoting xmess7
Folks: I have updated the v9 an Multiv7 EAs and Indicator. The update has a rearrangement of the inputs and I added an input UseTwoUpperHA_toDetectTrend. You can now have the EA use both the 4H and D1 HAs to detect the upper Trend direction. (see image below). Plus a reminding, many of the inputs have pull-down lists, so click on them to find out. That way you can use other settings such as instead of the default of _1to1 u can change that to _1to4 TP Target. The indicator will now print a debug message in the Experts Tab. This way we can SEE what...
Hi Xmess,

any idea why I did not get a signal here (red arrow). I was stopped out at this candle from a previous trade. But it should give another signal because it met the conditions.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY no signal.PNG Size: 54 KB
  • #7,226
  • Jan 12, 2016 6:43am Jan 12, 2016 6:43am
Quoting ericjschroed
{quote} Since I just started it this week, I get all the DD without the runners. Oh, well... maybe later. GU half close, EU loss, GU loss, AU half close, EU loss, EU half close, EU loss, GU half close, EA still open after half close. Nothing significant changed in v9 did it? I might just leave v8 until the end of the week, unless there were important bug fixes.
Also, I am testing on a demo that is known to hang frequently, usually at the start of a candle. I had another EA take a trade on a Live account and the demo, and the demo was 5 pips higher so I can't completely trust it for results.
  • #7,227
  • Jan 12, 2016 6:48am Jan 12, 2016 6:48am
Quoting ericjschroed
{quote} Since I just started it this week, I get all the DD without the runners. Oh, well... maybe later. GU half close, EU loss, GU loss, AU half close, EU loss, EU half close, EU loss, GU half close, EA still open after half close. Nothing significant changed in v9 did it? I might just leave v8 until the end of the week, unless there were important bug fixes.
ericjschroed:

I got the same problem at the beginning of this week. What I saw was that the EA was taking longs when it was supposed to take shorts. There was no significant change from v8 to v9 in terms of core operation. All that was done was to add new inputs such as more Target TP ratios and the use of CandleSize to determine if a trade should continue. I am trying to find out what happened. I didn't touch any of the functions that govern the upperTrend detection, well based on my initial review that is what I think was driving the wrong trades. Take a look at your Expert Tab. You will find Debug info for each of the trades. Take a look at that and look at what trend was detected at that Candle time. Then slap on the MTF HA indicator as well as the v9 indicator and you should see that they do not jive.

I don't think the MTF indicator could of repainted just for one candle? I expect the HA to have a delayed reaction but in this case, the MTF indicator didn't seem to show a change of color, it didn't seem like it did, so I don't know what happened. I am gong to see if I can create debug scenarios so I can get to the bottom of the issue.

Today I am seeing more positive results. Trades are taken the EA match what the indicator is showing. I don't know if it was volatility or something in the code, that caused those problems. I will report on those soon, so u guys can compare or examine. One thing we can do is run v8 and v9 side by side using the same pairs. This would provide a good measuring stick and of course a quick solution LOL. If v8 has no issued then obviously I have to go back to v8 ... etc etc etc..

Oh how fun!!

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #7,228
  • Jan 12, 2016 6:57am Jan 12, 2016 6:57am
Quoting ericjschroed
{quote} Also, I am testing on a demo that is known to hang frequently, usually at the start of a candle. I had another EA take a trade on a Live account and the demo, and the demo was 5 pips higher so I can't completely trust it for results.

Interesting... but I don't think that would affect it much, cause like I said, I think it was the reading of the upperTrend. If you look at your trades I think you will find that they all meet the core conditions on page 1. However, you may see that the upperTrend did not agree with what the HA was showing. That is what I experienced on my initial trades. They all had that issue.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,229
  • Jan 12, 2016 7:03am Jan 12, 2016 7:03am
Quoting Dutchpips
{quote} Hi XMess, Thanks for the update! I have some questions about the ordening of the trend decisions. Why do you not make two dropdown list with trendindicators? First you select trend HA daily then you have to decide to have both HA determine the trend. Mixed information! I have the new v9 indicator and v9EA on the EURUSD chart but look at the arrows on the indicator, also the EA did take an order. It does not respect the option UseTwoUpperHA, see attachment! Also want to ask you that with any update you change the version, in this case to...
Thnx for the error catch, I will go back and test to see what happened.

As for the version updates you are correct, I should make the distinctions. Just being lazy cause the changes do not affect the core conditions and it adds time to coding, I am keeping track of changes and versions plus the date, etc etc.. So every time I publish a new version number that means more time for me on the code LOL.

Dutch show me the Expert Tab. I want to see the debug info for that trade that it took. Thnx
Our AWESOME IMAGINATION is the true holy grail!
  • #7,230
  • Jan 12, 2016 7:25am Jan 12, 2016 7:25am
A Quick Demo account status:

Demo accounts: TradeKing and Oanda

All trades on both accounts were closed Sunday nite. Chickened out LOL.

The TradeKing account ended on Sunday with a balance of $11700, which is a 44% profit from starting balance $8119.
Onda ended with a balance on Sunday of $1750 which is a 40% increase from a starting balance of $1245


Like several of you are experiencing, v9 handed these accounts trades that were not supposed to happen ending up in losses.
TradeKing's balance went down to $10982
Oanda's balance went down to $1641

However, after lastnite's v9 update, I really don't know if it was that or just that price started to align with the indicators, the results have become positive. Right now I have 4 runners across both brokers.

TradeKing is at +323 pips into profit and Oanda is at +43 pips in profit.

Just don't let the BASTARDS (losing trades) get to you. Be patient let the system do it's thing. The best way to get rid of a problem or anything is to become TOTALLY INDIFFERENT TO IT. Look, Dredding did a great job, eventually, even with the errors we are seeing, YOU WILL BE IN PROFIT.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TradeKing_totalACCStatus2.jpg Size: 387 KB
Click to Enlarge Name: OANDA_totalACCStatus2.jpg Size: 434 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,231
  • Jan 12, 2016 8:23am Jan 12, 2016 8:23am
So excited to try this EA out. I have been demo trading for the last 5 months using various indicators until I stumbled on price action and this glorious thread. I am extremely grateful for all of the invaluable contributions made to this thread thus far. I hope to be able to go live soon after a couple more months of practice!
  • #7,232
  • Jan 12, 2016 8:25am Jan 12, 2016 8:25am
Quoting xmess7
{quote} Thnx for the error catch, I will go back and test to see what happened. As for the version updates you are correct, I should make the distinctions. Just being lazy cause the changes do not affect the core conditions and it adds time to coding, I am keeping track of changes and versions plus the date, etc etc.. So every time I publish a new version number that means more time for me on the code LOL. Dutch show me the Expert Tab. I want to see the debug info for that trade that it took. Thnx

Here is the DEBUG of the trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_1.PNG Size: 18 KB
  • #7,233
  • Jan 12, 2016 8:29am Jan 12, 2016 8:29am
Quoting xmess7
A Quick Demo account status: Demo accounts: TradeKing and Oanda All trades on both accounts were closed Sunday nite. Chickened out LOL. The TradeKing account ended on Sunday with a balance of $11700, which is a 44% profit from starting balance $8119. Onda ended with a balance on Sunday of $1750 which is a 40% increase from a starting balance of $1245 Like several of you are experiencing, v9 handed these accounts trades that were not supposed to happen ending up in losses. TradeKing's balance went down to $10982 Oanda's balance went down to $1641...
Started yesterday with a $ 5000 account and I am 300$ profit at the moment. I started to manage the close of the trades manually cause too many trades end in BE or Loss while where in good profit before. Some I let them run. At the moment GBPUSD is running very well.....

Quoting xmess7
A Quick Demo account status: Demo accounts: TradeKing and Oanda All trades on both accounts were closed Sunday nite. Chickened out LOL. The TradeKing account ended on Sunday with a balance of $11700, which is a 44% profit from starting balance $8119. Onda ended with a balance on Sunday of $1750 which is a 40% increase from a starting balance of $1245 Like several of you are experiencing, v9 handed these accounts trades that were not supposed to happen ending up in losses. TradeKing's balance went down to $10982 Oanda's balance went down to $1641...

Hey.....where getting here some really WISE LESSONS TOO......lets start to become totally indifferent.............
  • #7,234
  • Jan 12, 2016 9:56am Jan 12, 2016 9:56am
Dutch: This is all debugging and testing so I wouldn't get too serious about MM. Wait till we start using real accounts, I wanted to go live this week but will need to postpone it. Maybe next week. Anyway I intend on trading exactly as you have seen me do. Just let the EA do it's thing and let the runners take off.
Like I said before my mentality is long term and unconventional. I don't CARE if I get BE's after they were several hundred pips in profit, those are not the runners that will help the account. What I only KNOW and BELEIVE is that eventually I WILL get a runner or two and those will be the ones that do the job.

This week we have a great test, it shows that despite the error and/or losses, once price aligns with the core conditions and the upper trend indicator that the EA can recuperate.

There is a potential here that if we continue to see consistent results that we could literally use the EA in the same fashion under a live account, that is let it run and just wait out the runners for big profits.

Patience oh grass hopper... patience
Our AWESOME IMAGINATION is the true holy grail!
  • #7,235
  • Jan 12, 2016 10:00am Jan 12, 2016 10:00am
Quoting Superpmf
So excited to try this EA out. I have been demo trading for the last 5 months using various indicators until I stumbled on price action and this glorious thread. I am extremely grateful for all of the invaluable contributions made to this thread thus far. I hope to be able to go live soon after a couple more months of practice!
Hey Superpmf:
You bring up a good point, price action. Dredding mentions that you can also use price action instead of the HA candles for entering trades. Thnx for reminding me. I think it is important to add this to the EA cause as I recall, when Dredding would use candle patterns to enter a trade he would get in earlier. Earlier could possibly help those trades that just need a couple of more pips to reach half profit. Cause as you have seen once you reach half profit, it becomes a totally free trade.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,236
  • Jan 12, 2016 10:05am Jan 12, 2016 10:05am
Quoting xmess7
Dutch: This is all debugging and testing so I wouldn't get too serious about MM. Wait till we start using real accounts, I wanted to go live this week but will need to postpone it. Maybe next week. Anyway I intend on trading exactly as you have seen me do. Just let the EA do it's thing and let the runners take off. Like I said before my mentality is long term and unconventional. I don't CARE if I get BE's after they were several hundred pips in profit, those are not the runners that will help the account. What I only KNOW and BELEIVE is that eventually...
Hi Jess,

Yes, we can have different aproaches. GBPUSD 175 pip at the moment I don't want to lose this and support at 1.425 so put my SL there. Will step in again after a retrace. But I admit to let the EA run is also something I want to try on a different account!

Quoting xmess7
{quote} Hey Superpmf: You bring up a good point, price action. Dredding mentions that you can also use price action instead of the HA candles for entering trades. Thnx for reminding me. I think it is important to add this to the EA cause as I recall, when Dredding would use candle patterns to enter a trade he would get in earlier. Earlier could possibly help those trades that just need a couple of more pips to reach half profit. Cause as you have seen once you reach half profit, it becomes a totally free trade.
Yes, PA like pinbar and IB! I have an indicator for this. Would you like to have this?
  • #7,237
  • Jan 12, 2016 1:01pm Jan 12, 2016 1:01pm
Update v10 and multiv8
fixed use of two HA indicators to determin higher TF trend detection

Please test, I made this changes using my cellphone LOL. All thumbs. I was able to test it and it worked but... well u know thumbs!! LOL
Attached File(s)
File Type: ex4 xm7_Freebie_EA_Mulitv8.ex4   66 KB | 153 downloads
File Type: ex4 xm7_Freebie_EA_v10.ex4   65 KB | 194 downloads
File Type: ex4 xm7_Freebie_Indicator_v10.ex4   68 KB | 198 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,238
  • Jan 12, 2016 1:12pm Jan 12, 2016 1:12pm
Quoting Dutchpips
{quote} Hi Jess, Yes, we can have different aproaches. GBPUSD 175 pip at the moment I don't want to lose this and support at 1.425 so put my SL there. Will step in again after a retrace. But I admit to let the EA run is also something I want to try on a different account! {quote} Yes, PA like pinbar and IB! I have an indicator for this. Would you like to have this?
Can you do this? Look thru the thread and see what candle patterns Dredding used. Take your time. I only recall seeing him use engulfing patterns. Let me know if u see anything else he used.

We can use other patterns that can mean possible reversals or something like that. The other thing to do, is once we have the patterns observe several circumstances where all conditions appear and instead of the HA use the patterns and see how many times it's successful.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,239
  • Jan 12, 2016 1:43pm Jan 12, 2016 1:43pm
Quoting xmess7
{quote} Can you do this? Look thru the thread and see what candle patterns Dredding used. Take your time. I only recall seeing him use engulfing patterns. Let me know if u see anything else he used. We can use other patterns that can mean possible reversals or something like that. The other thing to do, is once we have the patterns observe several circumstances where all conditions appear and instead of the HA use the patterns and see how many times it's successful.

Here it is! PA on the 15 min is not really reliable. You need at least H4 or Daily for this..... You could also use Support and Demand zones H4 tf.....once Semafor is in a support or demand zone and a pinbar shows this is a very strong signal.

Yes, I think I can benifit from the early post.....
Attached File(s)
File Type: mq4 PriceAction AHA 0_2v2-mod.mq4   51 KB | 254 downloads
  • #7,240
  • Edited 7:07pm Jan 12, 2016 6:55pm | Edited 7:07pm
ok here are the versions that allow stacking. All this brought to you by my thumbs on a cell phone LOL...
I am on my cell so when i get home i will post an image of the new inputs and what they mean.
There was no chamge to the indicator

Nothing was changed to the core conditions. If you leave everything at default and only pick your UpperTrend indicator and MoneyManagement. The EAs will trade based on the page 1 rules.

Just to clarify, the Mutli EA should be able to trade on different TFs instead of just the 15min. Sorry about the confusion with the name Multi, later on this EA and the 15min one will be one.
Attached File(s)
File Type: ex4 xm7_Freebie_EA_Mulitv9.ex4   68 KB | 145 downloads
File Type: ex4 xm7_Freebie_EA_v11.ex4   67 KB | 158 downloads
Our AWESOME IMAGINATION is the true holy grail!
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