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Price Action Trading with Indicators! The Freebie System

  • #7,281
  • Jan 15, 2016 2:12am Jan 15, 2016 2:12am
Quoting Superpmf
{quote} Hey thanks Xmess! I've got your v12 loaded along with the correct Heiken Ashi indicator...seems to be working much better. Will v13 include the price action setup recognition? Or is that still later on down the road?
Awesome!!
I have not decided what to use for Candle pattern recognition. Right now the only things I saw Dredding use was engulfing patterns. I am going to observe the trades this week to see what patterns were there and perhaps use that. Any suggestions??

Anyhow wanted to show how runners really are so kewl .. you just have to be patient. Look at this one... it's just about right on, it's like a master piece.
The runners get interesting when you have a short StopLoss distance, cause when u let the EA calculate the lotsize, the runner can end up with a relatively large lotsize.
I will report what happened with both demo accounts I am running. Yes there are losses and drawdowns but man these runners eventually take care of everything and give such good profit too ....
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_BE_Runner.jpg Size: 97 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,282
  • Jan 15, 2016 11:47am Jan 15, 2016 11:47am
And Look what we woke up with..... wow... it always amazes me how patience can actually deliver you to the future, which of course is the present and then becomes the past...

I have 5 runners in triple digit pips, 2 in Oanda and 3 in TradeKing. What u are seeing below is the highest runner. In fact Oanda is less than 200 away from doubling. It took literally 2.5 weeks for this to happen....

Anyhow, I will provide the full details when the market closes. Now, what you are seeing are the results of waiting and letting the EA do it's thing. Cause you will see that these accounts actually had considerable losses at the beginning of the week. So, that's where patience comes into play.

Enjoy:
Attached Image (click to enlarge)
Click to Enlarge Name: OANDA_AUDUSD_Runner1_Status2.jpg Size: 228 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,283
  • Jan 15, 2016 1:17pm Jan 15, 2016 1:17pm
Pretty damn amazing dude!! I have just set up version 12 and doing pretty good, mainly due to cable plummet....I notice you have v13 running...any chance you could let me have the download? would be much appreciated, thanks.
  • #7,284
  • Jan 15, 2016 10:46pm Jan 15, 2016 10:46pm
Quoting Pazharris
Pretty damn amazing dude!! I have just set up version 12 and doing pretty good, mainly due to cable plummet....I notice you have v13 running...any chance you could let me have the download? would be much appreciated, thanks.
v13 is not ready yet, I am running v12 (look at upper right corner of that chart that was posted). I am considering adding an option where the EA will move up the SL to the original TP when the BE runner has say climbed to 100 pips above it (the original TP that is). Now the game gets real interesting cause you virtual have a FULL PROFIT free trade, if pips go 100 pips beyond the TP. U can do this with a trailing stop but since the stop is moved every x pips the possibility of price returning and hitting it is increased, the main idea is that I want that runner to scream it's way to 1000 pips LOL.

We'll see....
Our AWESOME IMAGINATION is the true holy grail!
  • #7,285
  • Jan 16, 2016 12:26am Jan 16, 2016 12:26am
A Demo account status:
Demo accounts: TradeKing and Oanda
This may be the end of these demo accounts. Next week I intend on going live.
I will still be developing the EA but lets see real money doing all these things.
In my opinion, if you are patient and let the EA do it's thing and you wait for runners and let them grow and develop, that will make up for the deficiency of the repainting upper trend HA indicator.

Last week:
TradeKing account - Ended with balance of $11700, 44% gain from starting balance $8119.
Oanda- Ended with balance $1750, 40% gain from a starting balance of $1245
This week:
TradeKing account - Has an open equity of $14379, 77% gain from starting balance $8119
Oanda- Has an open equity of $2148, 72% gain from starting balance of $1245

Now notice something... both accounts took losses and the EA made total recovery with added profit.
This week TradeKing's balance started at $11700 and it went down a bit further than $10571
This week Oanda's balance went down to $1750 and also went down a bit further than $1581
So as you can imagine the EA had to cover a considerable amount just to get to BE. Even though this was happening to the balances the equity was usualy near the break even point. This is were being patient is a must, cause when the equity shot up bove the equity to generate a slight gain, it was tempting to close the trades and just call it a week.

Total pips for each account is on the charts, upper right corner
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TradeKing_totalACCStatus3.jpg Size: 452 KB
Click to Enlarge Name: OANDA_AUDUSD_Runner1_Status3.jpg Size: 410 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,286
  • Jan 16, 2016 1:11am Jan 16, 2016 1:11am
Hi, thanks for the heads up bud, can you just confirm that as long as there is not message on chart requiring indicators that everything is good and also, I do not need to place indicators on chart for ea to run ok? I am trading live from next week....I thought I read you mention starting monday evening instead of Sunday.. is this still the case? Also keep it down to 4 pairs? Thanks for all your care and support :-)
  • #7,287
  • Jan 16, 2016 9:30am Jan 16, 2016 9:30am
Quoting xmess7
{quote} I'll add the sound option on later on the next version.... The second request is basically already there. All you need to do is set the StopLoss Input to whatever number you prefer and it will override the standard stoploss (top or bottom of the last 3sema dot). So is that correct? Is that what u are after? Cause If we have MAX STOPLOSS then I could essenatilly pick 10pips. You are still going to get BEs. Perhaps u mean minimum StopLOSS ? If that is the case then how do u want the EA to handle say a stop loss that was less than the minimum...
I was thinking the the standard stop loss , top or bottom of the last 3sema dot, however, it that stop loss is greater than maxstoploss, then don't take the trade.

if there is a signal for a trade on a 15M chart, and the stoploss is > than say 30 pips, then there usually is not enough room for the move. I don't like to trade on big candles.
  • #7,288
  • Jan 16, 2016 3:40pm Jan 16, 2016 3:40pm
Quoting Pazharris
Hi, thanks for the heads up bud, can you just confirm that as long as there is not message on chart requiring indicators that everything is good and also, I do not need to place indicators on chart for ea to run ok? I am trading live from next week....I thought I read you mention starting monday evening instead of Sunday.. is this still the case? Also keep it down to 4 pairs? Thanks for all your care and support :-)
Pazharris:

That's correct, the EA will detect if you are missing indicators and let you know, in fact, it won't do anything until the indicators are present. So if you are seeing the EA work then you know you have all the indicators it needs, otherwise well you would get the message and the EA would do absolutely nothing.

Right again, you don't need the indicator on the chart. The EA by does the job by itself, it's alot faster than the indicator too. I like to slap on the indicator just to SEE if the arrows match the trades. When the trade does not match the arrows that's when we have to figure out if it's an error or just the upper TF indicator repainting.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,289
  • Jan 16, 2016 6:02pm Jan 16, 2016 6:02pm
Quoting dallmanb
{quote} I was thinking the the standard stop loss , top or bottom of the last 3sema dot, however, it that stop loss is greater than maxstoploss, then don't take the trade. if there is a signal for a trade on a 15M chart, and the stoploss is > than say 30 pips, then there usually is not enough room for the move. I don't like to trade on big candles.

Oh I see. I will add that on the next version. For now even though ti is not the same, you can use the MAX Candle Size. You could set a max limit as to how big the signal candle size is. So in a sense that too would affect the stoploss distance and keep it short.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,290
  • Jan 16, 2016 11:52pm Jan 16, 2016 11:52pm
Quoting Pazharris
Hi, thanks for the heads up bud, can you just confirm that as long as there is not message on chart requiring indicators that everything is good and also, I do not need to place indicators on chart for ea to run ok? I am trading live from next week....I thought I read you mention starting monday evening instead of Sunday.. is this still the case? Also keep it down to 4 pairs? Thanks for all your care and support :-)
Pazharris:
Forgot to add that yes I trade only 4 pairs. But with Oanda I was trying 2 pairs and the results were good as well.
The EA is programmed not to trade on Sundays. You can start on Monday or even Tuesday. The idea is simple. Let the market shake itself out so when u arrive stuff ha settled down. Of course this is not always the case, so we just pickt it and trade it.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,291
  • Jan 17, 2016 2:42am Jan 17, 2016 2:42am
thanks bud, will be letting it run on monday....just one more little thing...is the ea for the 15 min chart only? sorry still learning:-) thanks
  • #7,292
  • Jan 17, 2016 6:36am Jan 17, 2016 6:36am
Quoting xmess7
A Demo account status: Demo accounts: TradeKing and Oanda This may be the end of these demo accounts. Next week I intend on going live. I will still be developing the EA but lets see real money doing all these things. In my opinion, if you are patient and let the EA do it's thing and you wait for runners and let them grow and develop, that will make up for the deficiency of the repainting upper trend HA indicator. Last week: TradeKing account - Ended with balance of $11700, 44% gain from starting balance $8119. Oanda- Ended with balance $1750, 40%...
Hi Xmess,

What an amazing results! I stopped the EA cause of the troubles I experienced with the new EA's and was to busy doing other things to reinstall again. Next week I am going to test again! And yes, patience is the key here.....
  • #7,293
  • Edited 10:30am Jan 17, 2016 10:08am | Edited 10:30am
Quoting xmess7
{quote} Awesome!! I have not decided what to use for Candle pattern recognition. Right now the only things I saw Dredding use was engulfing patterns. I am going to observe the trades this week to see what patterns were there and perhaps use that. Any suggestions?? Anyhow wanted to show how runners really are so kewl .. you just have to be patient. Look at this one... it's just about right on, it's like a master piece. The runners get interesting when you have a short StopLoss distance, cause when u let the EA calculate the lotsize, the runner can...

Yeah engulfing bars, pin bars, inside bars are the major patterns I'm aware of.

When do you think you will post version 13?

Btw, one more thing about Error 141...too many requests....when I googled it, it said that the frequency of requesting needed to be reduced and that the program logic needed to be changed. Have you not gotten this error yet? If not, I don't understand why I am getting the error?
  • #7,294
  • Jan 17, 2016 7:12pm Jan 17, 2016 7:12pm
Quoting Pazharris
thanks bud, will be letting it run on monday....just one more little thing...is the ea for the 15 min chart only? sorry still learning:-) thanks
v12 is for the 15min and the indicator is only for 15min.

The multiv10 is for any timeframe, but that is experimental, I have not tested it in any fashion. I created it off the top of my head and as I make changes to v12 I add them to this ea. No indicator for this one yet.

Eventually both will become one.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,295
  • Jan 17, 2016 7:15pm Jan 17, 2016 7:15pm
Quoting Superpmf
{quote} Yeah engulfing bars, pin bars, inside bars are the major patterns I'm aware of. When do you think you will post version 13? Btw, one more thing about Error 141...too many requests....when I googled it, it said that the frequency of requesting needed to be reduced and that the program logic needed to be changed. Have you not gotten this error yet? If not, I don't understand why I am getting the error?
You are the first one I see with this error.

Even if you allow the EA to do stacking that should not trigger a gazillion trade requests. The EA just takes one trade at a time per pair or per opportunity. I assume that is what the .. ".too many requests".. means. Did u continue to see that error??

I may release v13 this week, maybe. The reason I am starting to slow down development is cause I WANT TO TRADE LIVE!!! LOL.
All these demo results only provide confidence but no real $$$$ lol.

If I release v13 with the additions of MM and the Candle pattern stuff, that means that there will be errors and I will be tied down to debugging them instead of live trading lol.

Our AWESOME IMAGINATION is the true holy grail!
  • #7,296
  • Jan 17, 2016 7:36pm Jan 17, 2016 7:36pm
BTW has anyone had success Stacking with v12 or Multiv10??
Our AWESOME IMAGINATION is the true holy grail!
  • #7,297
  • Jan 18, 2016 1:42am Jan 18, 2016 1:42am
Quoting xmess7
{quote} You are the first one I see with this error. Even if you allow the EA to do stacking that should not trigger a gazillion trade requests. The EA just takes one trade at a time per pair or per opportunity. I assume that is what the .. ".too many requests".. means. Did u continue to see that error?? I may release v13 this week, maybe. The reason I am starting to slow down development is cause I WANT TO TRADE LIVE!!! LOL. All these demo results only provide confidence but no real $$$$ lol. If I release v13 with the additions of MM and the Candle...

Well you just take your time then. I'm in no real hurry I suppose.

I seem to be getting the too many requests error regularly. I just wonder if it has anything to do with the fact that I am running metatrader on a virtual machine. My OS is Linux (Ubuntu).
What do you think?

Also...now I'm getting some other types of errors...."Error in ModifyOrder(): SL/TP order modify failed with error (4108)" and "unknown ticket 87378640 for OrderClose function". It's literally repeating every second of every minute. What is going on?


As for stacking...yes, I had one successful set of stacking trades on Friday I believe.
  • #7,298
  • Jan 18, 2016 1:57am Jan 18, 2016 1:57am
Quoting xmess7
{quote} Awesome!! I have not decided what to use for Candle pattern recognition. Right now the only things I saw Dredding use was engulfing patterns. I am going to observe the trades this week to see what patterns were there and perhaps use that. Any suggestions?? Anyhow wanted to show how runners really are so kewl .. you just have to be patient. Look at this one... it's just about right on, it's like a master piece. The runners get interesting when you have a short StopLoss distance, cause when u let the EA calculate the lotsize, the runner can...
Hi, again. I have a candle pattern indicator that I wrote based on Steve Nison's definitions, and you can determine the trend by deciding what 2 MA periods to cross over. However since I am a Commercial member I can't post attachments here, but if you want it, I have already posted it here: http://www.forexfactory.com/showthread.php?p=8538919#post8538919. Strange I'm having trouble saving the URL. FF keeps putting a space between the 1 and 9 at the end; just remove it (the space).
  • #7,299
  • Edited 9:52am Jan 18, 2016 9:38am | Edited 9:52am
Does anybody realize that if you take a manual trade that the ea will automatically set up a stop loss but not a profit target. Nice. Didn't do it on the second trade.
  • #7,300
  • Jan 18, 2016 10:22am Jan 18, 2016 10:22am
It should be possible to make the settings also on zzsemafor, for example remove the disc 1, and increase the values of the other two
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