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Price Action Trading with Indicators! The Freebie System

  • #7,241
  • Jan 12, 2016 7:13pm Jan 12, 2016 7:13pm
Quoting Dutchpips
{quote} 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..... {file}

Slow down Dutchs. Dredding didn't mention Support nor Demand Zones. He was more basic in his approach. What he did do is look at fundamental news.
We have already covered this before you arrived. I was going to include News as a decision maker but someone pointed out what Dredding indicated, somewhere in some post.

I am going to go the simple route and start to implement the basic Candle patterns. Engulfing, pin bars, OHLL or whatever James16 has LOL.
It's more simplier. Oh plus, don't worry about the time frame. Think of it this way, and this is the TRUTH. No matter when or at what price you get in, if you got in at the correct spot... EVEN if u have 1 pip SL, price will not take out you stop and just go into profit. So don't worry about the TF being to volatile for the trade. Just concentrate on finding ERRORS so we can fix them and concentrate on being the MOST CALM trader in the world.... LOL
Our AWESOME IMAGINATION is the true holy grail!
  • #7,242
  • Jan 13, 2016 1:50am Jan 13, 2016 1:50am
Quoting xmess7
{quote} Slow down Dutchs. Dredding didn't mention Support nor Demand Zones. He was more basic in his approach. What he did do is look at fundamental news. We have already covered this before you arrived. I was going to include News as a decision maker but someone pointed out what Dredding indicated, somewhere in some post. I am going to go the simple route and start to implement the basic Candle patterns. Engulfing, pin bars, OHLL or whatever James16 has LOL. It's more simplier. Oh plus, don't worry about the time frame. Think of it this way, and...
Hi XMess,

Fundamentals is something I did not get into yet. How could you implement NEWS? Anyway its best to keep it simple.

EURUSD.....there was a setup last night but the EA did not do anything with it.......see picture, red arrow...... Could be that the Daily HAS was green because it repaints.
Attached Image (click to enlarge)
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  • #7,243
  • Jan 13, 2016 2:25am Jan 13, 2016 2:25am
Quoting xmess7
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...

Hey Jess
I think the stacking feature needs to be adjusted. Its taking multiple entries on the same set up as opposed to waiting for the next set to go in the same direction again?

Also the win loss ratio is a bit one sided. I had the 15M running on like 18 pairs starting on monday and so for I got 12 losses and 1 BE thats still open. I basically need that one runner to hit 400 pips profit to break even.
Attached Image (click to enlarge)
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  • #7,244
  • Jan 13, 2016 3:29am Jan 13, 2016 3:29am
Quoting pp22
{quote} Hey Jess I think the stacking feature needs to be adjusted. Its taking multiple entries on the same set up as opposed to waiting for the next set to go in the same direction again? Also the win loss ratio is a bit one sided. I had the 15M running on like 18 pairs starting on monday and so for I got 12 losses and 1 BE thats still open. I basically need that one runner to hit 400 pips profit to break even. {image}
Thnx for testing pp22. That's what you get when u program with your thumbs on a cell phone screen. LOL.
Yep it needs to be fixed, cause that means that the logic is missing something... I'll get on it...

As for the win-loss ratio that is controlled by the results that happen. Yes you can set it on the input for that 1 trade, but in the end it really depends on how the the EA performs. In particular the most critical is the trend detection. Unfortunately using indicators to track upper TF trends has it's risk and limitations that you can't control. The only thing that really helps this approach is what Dredding provided for the entry level TF, the rules on page 1.

In addition my recommendation when using the stacking feature, is to only activate it on 1 or 2 pairs or if u small lots. If right now u are seeing 12 losses and 1 BE, that will amplify when stacking is activated.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,245
  • Jan 13, 2016 3:40am Jan 13, 2016 3:40am
Quoting Dutchpips
{quote} Hi XMess, Fundamentals is something I did not get into yet. How could you implement NEWS? Anyway its best to keep it simple. EURUSD.....there was a setup last night but the EA did not do anything with it.......see picture, red arrow...... Could be that the Daily HAS was green because it repaints. {image}
They way I would use News is in two forms:
1. Have EA go to one of the Financial webpages and detect the news hours and have it not trade during major impact news hours.
2. Have EA go and read the financial webpages and determine direction to take based on results of News.
Very basic stuff...

Thnx for the error catch. So, we have 2 types of errors that need to be addressed.
We have the error that you point out, where no trade was taken even though all conditions are met.
Then we also have the error that I saw at the beginning of these week, where it took trades but not all conditions were met

I looked at your case and at the moment I can only think that the EA did not detect the 3sema dot. I had seen this before and it is fustrating. I made the program SHOW me exactly what it was doing one time and even though on the Chart you could SEE and even get the price level of the 3zzdot, the EA SAW NOTHING. Very frustrating. The only thing I can think of for the moment is to increase the number of bars for the 3sema indicator. On the next version I will do that.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #7,246
  • Jan 13, 2016 3:41am Jan 13, 2016 3:41am
Quoting pp22
{quote} Hey Jess I think the stacking feature needs to be adjusted. Its taking multiple entries on the same set up as opposed to waiting for the next set to go in the same direction again? Also the win loss ratio is a bit one sided. I had the 15M running on like 18 pairs starting on monday and so for I got 12 losses and 1 BE thats still open. I basically need that one runner to hit 400 pips profit to break even. {image}

pp22:
I forgot to ask, when u had those 12 losses where u referring to running the EA with no stacking???
Our AWESOME IMAGINATION is the true holy grail!
  • #7,247
  • Jan 13, 2016 3:49am Jan 13, 2016 3:49am
Quoting xmess7
{quote} Thnx for testing pp22. That's what you get when u program with your thumbs on a cell phone screen. LOL. Yep it needs to be fixed, cause that means that the logic is missing something... I'll get on it... As for the win-loss ratio that is controlled by the results that happen. Yes you can set it on the input for that 1 trade, but in the end it really depends on how the the EA performs. In particular the most critical is the trend detection. Unfortunately using indicators to track upper TF trends has it's risk and limitations that you can't...
That was with no stacking

Do you remember Dredding getting into every trade that came up? Or was he more selective? I think remember following him in the chatzy chat room and him saying he didnt just go into every trade set up that came up but waited for retraces to major supports and resistance. Whats your ratio of losses to BE / runners?

Edit I hit another runner, so 12 losses to 2 open runners
  • #7,248
  • Jan 13, 2016 4:31am Jan 13, 2016 4:31am
Quoting pp22
{quote} That was with no stacking Do you remember Dredding getting into every trade that came up? Or was he more selective? I think remember following him in the chatzy chat room and him saying he didnt just go into every trade set up that came up but waited for retraces to major supports and resistance. Whats your ratio of losses to BE / runners? Edit I hit another runner, so 12 losses to 2 open runners
Yep, that's what I recall Dredding talking about. Initially he would drill everyone with TRADE WITH THE TREND. The support/resistance stuff came out later. So with this EA I decided to keep it with TRADE WITH THE TREND.
The support and resistance stuff is really subjective. It's something that you learn thru intuition and many times what one person sees the other doesn't.
So it can be programmed but it would take more dedication and the final product would be limited cause of all the possible permutations.

So, aside from TRADE WITH THE TREND I thought I would apply ideas I have from my long term trading, in order to help with the profit. Namely pick a small number of pairs and stick with them. The idea being that if there are losers they will be less and that will give the runners a chance to eliminate the loss and get the balance into profit. So far the approach has worked out very well. We started this back in October, and I haven't counted but based on what has happened, I would say my ratio is MORE OR LESS is 4 (losses)/8(BE-Runners). Now in addition some of the losses where not supposed to happen, cause of errors like what Dutchs showed. So the ratio would should be better. This is just eyeballing so it is not an exact number, but what I can tell you is that the accounts on these demos have actually recuperated.

These demo accounts were also used to test other EAs I had programmed. Those EAs created major losses (up to 40%). By keeping my pair selection down to 4 and just letting any BE RUN and not close it or move the SL, both demo accounts have recuperated all the losses and are in plain profit. Even though I started in late October to test the Freebie EA, the EA has not been on that long. 1st we had some weeks were errors were plagues lol. Then in December I turned off the EA for two weeks.

Anyhow, this is the risk we take by using an EA. What I recommend is to use a couple of pairs and just let the EA do it's thing. Especially if I get the stacking to work, then I would probably use only 1 pair for that, or in the code I can make it so that only when that one pair is in HEAVY profit to start stacking in another. But if u want to run the EA across many pairs, then set the FixedLot size to very small lots..

Edit: You hit another runner so now you just need 200 pips/ runner to BE right?
Our AWESOME IMAGINATION is the true holy grail!
  • #7,249
  • Jan 13, 2016 9:41am Jan 13, 2016 9:41am
hi, i use the zz semafor mtf on time frames 5m or 1m, I followed this strategy for a long time, and it is not as easy as it seems, and in any case, I think, that in a espert A, you can not follow directions completely Dredding . I use zzsemafor mtf, and a slope to 35, with no other indicator. I hope this is helpful.
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  • #7,250
  • Jan 13, 2016 10:22am Jan 13, 2016 10:22am
Quoting xmess7
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...
Hi Xmess,

Version 11 opening orders all over the place.....2 setups .! See attachment......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHF v11.PNG Size: 51 KB
Click to Enlarge Name: DEBUG CHF.PNG Size: 48 KB
Click to Enlarge Name: USDCHF v11_Settings.PNG Size: 85 KB
  • #7,251
  • Jan 13, 2016 10:23am Jan 13, 2016 10:23am
Can anyone possibly tell me what I might be doing wrong? The EA is not executing any trades. Am I not waiting long enough? I am on FXCM MT4 demo.

My apologies if this has already been discussed. If that is the case, please refer me to the relevant post.

Thanks in advance
  • #7,252
  • Jan 13, 2016 10:25am Jan 13, 2016 10:25am
Sup guys I just loaded the newest EA on my chart looking forward to testing it out. This is my first trade with the updated stacking EA
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  • #7,253
  • Jan 13, 2016 12:38pm Jan 13, 2016 12:38pm
Quoting gianniko
hi, i use the zz semafor mtf on time frames 5m or 1m, I followed this strategy for a long time, and it is not as easy as it seems, and in any case, I think, that in a espert A, you can not follow directions completely Dredding . I use zzsemafor mtf, and a slope to 35, with no other indicator. I hope this is helpful. {image}

gianniko:
Good idea. I see what you are going after. Since the 3sema is in a higher MTF mode then when u get down to 5min you can sort of have a chance to get at least some pips before the 3sema disappears, due to price going the opposite. I'll consider this for later.

what is hard to follow is the intuitive or subjective decisions. The EAs are doing pretty much exactly as what Page 1 indicates. I am finding out that some of the errors are not only due to repainting but also to MT4 server discrepancies. I am going to try to add code that will look for those cases and SEE if we can get a simple fix. Otherwise we'll have to live with them and trust that the basic rules will allow us to keep in the game for when we do get the BE runners or simple a string of positive trades.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,254
  • Jan 13, 2016 12:43pm Jan 13, 2016 12:43pm
Quoting Checkz
Sup guys I just loaded the newest EA on my chart looking forward to testing it out. This is my first trade with the updated stacking EA {image}


Checkz:
That stack is partially working. Right now version 11 will stack new trades as long as they meet page 1 conditions. It won't detect if previous trade is BE or if u selected a pip distance. I just finished version 12 with the fix. As soon as I get a chance I will post it.

J
Our AWESOME IMAGINATION is the true holy grail!
  • #7,255
  • Jan 13, 2016 12:52pm Jan 13, 2016 12:52pm
Quoting Superpmf
Can anyone possibly tell me what I might be doing wrong? The EA is not executing any trades. Am I not waiting long enough? I am on FXCM MT4 demo. My apologies if this has already been discussed. If that is the case, please refer me to the relevant post. Thanks in advance

Make sure that you have your MT4 allowing trades and that the EA is in the /Experts folder.

Two places to check for MT4 allowing live trades .

1. Click on TOOLS->OPTIONS
Once in options go to the EXPERT ADVISORS TAB
Check that the following are checked off:
-Allow Automated Trading
-Allow DLL imports (blah blab ...)


2. On your chart select the EXPERT-> Properties
Once at the properties go to the COMMON TAB
In that TAB make sure the following are selected:
-Allow Live Trading
-Allow Dll imports
Also just make sure that POSITIONS has Long&Short selected.

Hopefully that will help. Let me know if u got it to work.
Oh another thing, just in case, if u don't have all the required indicators the EA will post a message at the upper right corner of the chart.
It will show the required indicators and in what folder to place them.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,256
  • Edited 11:48pm Jan 13, 2016 1:04pm | Edited 11:48pm
versions 10 and 12. fix for stacking.
Attached File(s)
File Type: ex4 xm7_Freebie_EA_Mulitv10.ex4   69 KB | 167 downloads
File Type: ex4 xm7_Freebie_EA_v12.ex4   68 KB | 187 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,257
  • Jan 13, 2016 1:08pm Jan 13, 2016 1:08pm
Quoting xmess7
{quote} Make sure that you have your MT4 allowing trades and that the EA is in the /Experts folder. Two places to check for MT4 allowing live trades . 1. Click on TOOLS->OPTIONS Once in options go to the EXPERT ADVISORS TAB Check that the following are checked off: -Allow Automated Trading -Allow DLL imports (blah blab ...) 2. On your chart select the EXPERT-> Properties Once at the properties go to the COMMON TAB In that TAB make sure the following are selected: -Allow Live Trading -Allow Dll imports Also just make sure that POSITIONS has Long&Short...
Hi Xmess. I forgot to mention in my previous post that I have done everything you have mentioned. There are no errors under the Experts or Journal Tab and no indicators appear to be missing. AutoTrading is also turned on. It just performed a debug on the Experts tab though. Does that mean it is working? How long do I need to wait before I start seeing trades being placed?

When you have a minute, would you please reply with the list of all the necessary indicators so I can double check?

Thank you again in advance
  • #7,258
  • Jan 13, 2016 3:23pm Jan 13, 2016 3:23pm
Quoting Superpmf
{quote} Hi Xmess. I forgot to mention in my previous post that I have done everything you have mentioned. There are no errors under the Experts or Journal Tab and no indicators appear to be missing. AutoTrading is also turned on. It just performed a debug on the Experts tab though. Does that mean it is working? How long do I need to wait before I start seeing trades being placed? When you have a minute, would you please reply with the list of all the necessary indicators so I can double check? Thank you again in advance

If you don't see a message at the top of your chart concerning missing indicators then u have them all.
The EA does this for you... I did it for this reason, cause I am lazy LOL

If u have a debug statement Please post a picture of it. If you read the statements in it, it follows the page 1 rules. Trend up, red HA candle, pivot failed, stoch crossed .... etc etc. Try reading the statements to see if all conditions were met. If they are and you still don't see a trade at time it shows then I can help you with your platform..... thnx

Slap the indicator on the chart and you will see where you should of had trades... that should answer your "how long till I see a trade" question. I assume u are using v9 and not Mutiv8 right?
Our AWESOME IMAGINATION is the true holy grail!
  • #7,259
  • Jan 13, 2016 5:50pm Jan 13, 2016 5:50pm
Quoting xmess7
{quote} If you don't see a message at the top of your chart concerning missing indicators then u have them all. The EA does this for you... I did it for this reason, cause I am lazy LOL If u have a debug statement Please post a picture of it. If you read the statements in it, it follows the page 1 rules. Trend up, red HA candle, pivot failed, stoch crossed .... etc etc. Try reading the statements to see if all conditions were met. If they are and you still don't see a trade at time it shows then I can help you with your platform..... thnx Slap...

OK this is what I have...


2016.01.13 16:45:00.511 xm7_Freebie_Indicator_v9 EURUSD,M15:
2016.01.13 16:45:00.511 xm7_Freebie_Indicator_v9 EURUSD,M15: === End Freebie Indicator Debug EURUSD 2016.01.14 00:30 ====
2016.01.13 16:45:00.511 xm7_Freebie_Indicator_v9 EURUSD,M15: 2016.01.14 00:30 BUY Green Arrow
2016.01.13 16:45:00.511 xm7_Freebie_Indicator_v9 EURUSD,M15: === Start Freebie Indicator Debug EURUSD 2016.01.14 00:30 ====
2016.01.13 16:45:00.511 xm7_Freebie_Indicator_v9 EURUSD,M15:
2016.01.13 16:00:00.371 xm7_Freebie_EA_v11 EURUSD,M15:
2016.01.13 16:00:00.371 xm7_Freebie_EA_v11 EURUSD,M15: === End Freebie EA Debug EURUSD 2016.01.13 23:45 ====
2016.01.13 16:00:00.371 xm7_Freebie_EA_v11 EURUSD,M15: 2016.01.13 23:45 Found HA Red Candle
2016.01.13 16:00:00.371 xm7_Freebie_EA_v11 EURUSD,M15: 2016.01.13 23:45 Last 3sema dot value on M15 TF is: 1.08866
2016.01.13 16:00:00.371 xm7_Freebie_EA_v11 EURUSD,M15: 2016.01.13 23:45 Failed pivot high - Red HA candle crossed a pivot at: 1.08777
2016.01.13 16:00:00.371 xm7_Freebie_EA_v11 EURUSD,M15: 2016.01.13 23:45 Stock crossed Down
2016.01.13 16:00:00.371 xm7_Freebie_EA_v11 EURUSD,M15: === Start Freebie EA Debug EURUSD 2016.01.13 23:45 ====


As you can see, I am using version 11 right now. Also...I noticed the Trend Up/Down is missing. Could this be causing it to not place the trades?
  • #7,260
  • Jan 13, 2016 6:14pm Jan 13, 2016 6:14pm
Quoting xmess7
versions 11 and 10. fix for stacking. {file} {file}
Hi,

I am testing your EA. When I loaded it is asking for some indicators.

Can check why this? If I Need to have those indicators, where can can I get those. Thanks.
Attached Image (click to enlarge)
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Intraday only.
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