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Price Action Trading with Indicators! The Freebie System

  • #7,301
  • Jan 18, 2016 11:39am Jan 18, 2016 11:39am
Quoting Superpmf
{quote} 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,...
Linux is the best!!
Virtual Machine... hmmm another challenge. Now I can understand that if you were using WINE to run MT4 that perhaps the ticket number was getting jumbled due to the fonts that WINE uses. That would be possible cause of it having problems of reading the ticket number but you are running in a virtual machine...
BTW have u tried to run it under WINE?

Ok man, I have to do this.... I am going to setup a VM on my Linux box and also run MT4 under WINE. Lets see what results I get...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,302
  • Jan 18, 2016 11:47am Jan 18, 2016 11:47am
Quoting ericjschroed
{quote} 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).
ericjschroed:
Got it. I have the same problem with links. When I post they appear with the same space. So what I do is re-edit the post and place the brackets again around the link and that does the job.

I'll integrate the candle patterns and I will create a choice in the inputs. So folks can either use HA candles or CandlePatterns, HA will be the default. If candle patterns are used then the stoch will be eliminated. This is what I recall Dredding mentioning about using candle patterns.

So does anyone recall if Dredding would use all types of candle patterns or was it just for the following:
Engulfment candles (Next candle is greater than previous candle)
Inside Bars
pin bars
Our AWESOME IMAGINATION is the true holy grail!
  • #7,303
  • Jan 18, 2016 11:52am Jan 18, 2016 11:52am
Quoting keysharp
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.
keysharp: Hey never thought of slapping down a manual trade while the EA was running. Good testing LOL.

Tell me what r yer settings. Do you have the trailing stop on? Do you have the BE thing on?

I should add code to take care of those conditions when a manual trade is added.

What if the trade is taken randomly? As in it doesn't meet any conditions? What do you think the EA should do?
Cancel the trade? right?
Our AWESOME IMAGINATION is the true holy grail!
  • #7,304
  • Jan 18, 2016 12:50pm Jan 18, 2016 12:50pm
Ok folks this is what I have as far as Candle Patterns that Dredding used.

From Post 52 and 59:

Double Bar High Lower Close(DBHLC) reversal pattern
Inside Bar Breakout reversal pattern
Pin bars that failed Pivots
Engulf reversal pattern

So for now I'll go with these
Our AWESOME IMAGINATION is the true holy grail!
  • #7,305
  • Jan 18, 2016 3:19pm Jan 18, 2016 3:19pm
Jess, this is what I found in logs:01:01:16.114 xm7_Freebie_EA_v12 (1) XAUUSD.afx,M15: XAUUSD.afx Error in ModifyOrder(): SL/TP order modify failed with error(4108)
3 01:01:16.114 xm7_Freebie_EA_v12 (1) XAUUSD.afx,M15: unknown ticket 24232985 for OrderClose function
3 01:01:16.114 xm7_Freebie_EA_v12 (1) XAUUSD.afx,M15: unknown ticket 24232985 for OrderModify function It was repetition several times. The first trade had the stop loss the two times I tried . I did not get a stop loss but did get the above messages. Don't know if that was because I already had a trade open. I am running with BE and a trail of 50. I also used the setting for stop loss at 200 because it is a gold trade and I figured I needed more room. all other settings are as downloaded.
  • #7,306
  • Jan 18, 2016 5:26pm Jan 18, 2016 5:26pm
Quoting keysharp
Jess, this is what I found in logs:01:01:16.114 xm7_Freebie_EA_v12 (1) XAUUSD.afx,M15: XAUUSD.afx Error in ModifyOrder(): SL/TP order modify failed with error(4108) 3 01:01:16.114 xm7_Freebie_EA_v12 (1) XAUUSD.afx,M15: unknown ticket 24232985 for OrderClose function 3 01:01:16.114 xm7_Freebie_EA_v12 (1) XAUUSD.afx,M15: unknown ticket 24232985 for OrderModify function It was repetition several times. The first trade had the stop loss the two times I tried . I did not get a stop loss but did get the above messages. Don't know if that was because I...

OH BOY. I SEE MY ERROR. I will fix it right away.....
Jess

EDIT:
keysharp: Did u notice if that ticket order 24232985 was already closed? That is what is happening the EA is not catching when the ticket is closed and since it still has it in it's list it try's to close it again and of course there is nothing there. That generates the error(4108).
Our AWESOME IMAGINATION is the true holy grail!
  • #7,307
  • Jan 18, 2016 7:12pm Jan 18, 2016 7:12pm
Folks:
Please use the following versions. v12 and Multiv10 have an error that affects the monitoring of ticket numbers, as a consequence error 4108 happens.

Just a reminder:
You do not need to run the indicator on the chart for the EA to operate.
EA v12.1 is specific for TF 15min (this is the one that I am testing)
EA Multiv10.1 is experimental and can be used on any time frame (no indicator for this one yet)

Dutch's there you see,I changed the version numbers LOL.
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v12.1.ex4   70 KB | 182 downloads
File Type: ex4 xm7_Freebie_EA_Mulitv10.1.ex4   70 KB | 161 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,308
  • Jan 19, 2016 5:00am Jan 19, 2016 5:00am
Update:
Fixed error: EA would not execute close half set rest BE.
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v12.2.ex4   70 KB | 203 downloads
File Type: ex4 xm7_Freebie_EA_Mulitv10.2.ex4   70 KB | 195 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,309
  • Jan 19, 2016 7:10am Jan 19, 2016 7:10am
Ok took another manual trade on gold and the ea set up a stop loss. Also I had gold and AUDUSD do stacking trades, they worked out well. I am using the latest version of the ea with only 3ems, stacking, traling profit and BE changed in settings.
  • #7,310
  • Jan 19, 2016 11:00am Jan 19, 2016 11:00am
Quoting keysharp
Ok took another manual trade on gold and the ea set up a stop loss. Also I had gold and AUDUSD do stacking trades, they worked out well. I am using the latest version of the ea with only 3ems, stacking, traling profit and BE changed in settings.
Key:
What do you mean BE changed ? Are r u referring to the pip distance of the trailing stop? By latest you mean 12.1 right? I know the questions are redundant but sometimes folks miss posts and well you think u have the latest. If only Dredding were around perhaps he could post the latest stuff on page 1.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,311
  • Jan 19, 2016 1:26pm Jan 19, 2016 1:26pm
sorry I have BE on and not changed. I am using 12.2 ea. Further, I have no error reported in the logs and have made another manual trade in gold but this time the ea didn't place a stop loss.
  • #7,312
  • Jan 19, 2016 3:31pm Jan 19, 2016 3:31pm
Quoting keysharp
sorry I have BE on and not changed. I am using 12.2 ea. Further, I have no error reported in the logs and have made another manual trade in gold but this time the ea didn't place a stop loss.
That's interesting Keysharp. I am looking at the code and really don't see how the EA is setting a stop unless it reaches a BE status. But since you don't even have a TP how can the EA know when it's half way to that target?

Now, if I place conditions to monitor a magic number that would totally eliminate what you are seeing. In other words no more stops on no EA trades.
I do use the magic number for some of the trading function but not for all cases, somehow what u discovered is getting thru. Interesting... very interesting...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,313
  • Edited 3:58pm Jan 19, 2016 3:41pm | Edited 3:58pm
Quoting xmess7
Folks: Please use the following versions. v12 and Multiv10 have an error that affects the monitoring of ticket numbers, as a consequence error 4108 happens. Just a reminder: You do not need to run the indicator on the chart for the EA to operate. EA v12.1 is specific for TF 15min (this is the one that I am testing) EA Multiv10.1 is experimental and can be used on any time frame (no indicator for this one yet) Dutch's there you see,I changed the version numbers LOL. {file} {file}
Thanks Jess...!!!

I am trading the EA now with "useTwoUpperHA to detect trend" Works good so far! Only today I had to get out for my business and I had to take my computer so no trades today. How would the PriceAction go with the UseTwoUpperHA to detect trend. Or is the PA only for early entry?
  • #7,314
  • Jan 19, 2016 7:45pm Jan 19, 2016 7:45pm
Quoting Dutchpips
{quote} Thanks Jess...!!! I am trading the EA now with "useTwoUpperHA to detect trend" Works good so far! Only today I had to get out for my business and I had to take my computer so no trades today. How would the PriceAction go with the UseTwoUpperHA to detect trend. Or is the PA only for early entry?
The upperTrend stuff is not affected with the PA stuff. However, there are challenges that I have to figure out with the PA stuff.

Some of the candle patterns are reverse type of indications other are neutral. The reversal type pretty much tell me which way we are going to trade but the neutral one's like InsideBars, that requires a little more thinking. The way the logic is written I would need to know before hand which way the EA is going to trade in order to use the InsideBars. That makes it for a little bit of re-writing the code and MORE WORK lol. Other than that the other patterns are fairly straight forward, especially with the code that Eric provided. It's almost a matter of cut and past.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,315
  • Jan 19, 2016 7:45pm Jan 19, 2016 7:45pm
Quoting xmess7
{quote} That's interesting Keysharp. I am looking at the code and really don't see how the EA is setting a stop unless it reaches a BE status. But since you don't even have a TP how can the EA know when it's half way to that target? Now, if I place conditions to monitor a magic number that would totally eliminate what you are seeing. In other words no more stops on no EA trades. I do use the magic number for some of the trading function but not for all cases, somehow what u discovered is getting thru. Interesting... very interesting...
Jess, I don,t understand it either but the first trade of the day that I manually put in has a SL attached. It is nice but it should be impossible. Tomorrow morning I will do another manual and see what happens. One thing that did happen, when I made the trade the SL was placed and I moved it lower. At that point I was ok but then later in the day I made an adjustment to a setting and when I hit enter and reloaded the settings then the SL moved according the original setting of 50 pips and within seconds I was closed out. This is probably nothing. As far as the ea is concerned this manual entry means nothing I suppose.
  • #7,316
  • Jan 19, 2016 11:42pm Jan 19, 2016 11:42pm
Quoting keysharp
{quote} Jess, I don,t understand it either but the first trade of the day that I manually put in has a SL attached. It is nice but it should be impossible. Tomorrow morning I will do another manual and see what happens. One thing that did happen, when I made the trade the SL was placed and I moved it lower. At that point I was ok but then later in the day I made an adjustment to a setting and when I hit enter and reloaded the settings then the SL moved according the original setting of 50 pips and within seconds I was closed out. This is probably...
Key:
Are u setting the SL input to something greater than 0? If that is the case then it is not working, for it should not do what u mentioned. Let me know if this needs attention.

J
Our AWESOME IMAGINATION is the true holy grail!
  • #7,317
  • Jan 19, 2016 11:47pm Jan 19, 2016 11:47pm
Folks:

Comments/Suggestions please.

If I add a Stoch filter to the upper Trend indicator.. would that help out with those moments when an Indicator is lagging? For example the HA can lag behind the D1 price movement for several hours before it "catches up". A stoch filter may help to at the least avoid some of those moments. I haven't sat down to observe it but I am thinking that perhaps if price is moving up stoch follows. So the EA would then look to see that both the stoch and the HA color for D1 agree....

Any thoughts??

What I am observing is that in the last month that I have been using the HA D1 for trend detection, is that at the beginning of the week I tend to get 3-5 loses and some half lot winners. Then as the week progresses I see the EA start to execute successful trades. I am seeing that price is taking a different direction at some hours at the beginning of the week and since HA is lagging I get the trades that should not of happened. Of course as the week moves along then HA lines up with D1 price and we get those BE Runners and etc. Perhaps the other solution is instead of not trading on Sunday is to also not trade on Monday.and start on Tuesday.

Anyhow... comments/suggestions are welcomed.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,318
  • Jan 20, 2016 11:05am Jan 20, 2016 11:05am
Update on accounts:

The demo accounts are having a rough time. Have lost a considerable chunk of profit.
But we just need to stick it out cause I KNOW THE RUNNERS ARE AROUND THE CORNER.
Once those RUNNERS appear all will be forgiven and PROFIT IS RESTORED plus much much more.

This is where PATIENCE is KING... in my opinion IT IS the HOLY GRAIL. It only makes sense, right? Where all of us are looking for it in the form of a trading approach it's actually that one thing that is invisible yet we all have access to. Think about it.

Dredding did an AWESOME job when he gave us the rules to his approach...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,319
  • Jan 20, 2016 12:07pm Jan 20, 2016 12:07pm
Quoting xmess7
Folks: Comments/Suggestions please. If I add a Stoch filter to the upper Trend indicator.. would that help out with those moments when an Indicator is lagging? For example the HA can lag behind the D1 price movement for several hours before it "catches up". A stoch filter may help to at the least avoid some of those moments. I haven't sat down to observe it but I am thinking that perhaps if price is moving up stoch follows. So the EA would then look to see that both the stoch and the HA color for D1 agree.... Any thoughts?? What I am observing is...
Yeah my demo just lost $2000 worth of profit. Perhaps you can try changing the start time to Tuesday and see how that helps things? You can always change it back.

For the next iteration, perhaps you could also add in some of the price action setups too to see if that helps weed out some losers.
  • #7,320
  • Jan 20, 2016 12:28pm Jan 20, 2016 12:28pm
really haven't lost that much this week. It was last week that I had problems. Mainly from changing ea's and changing settings, just testing. This week the ea seems to do right it's just that the pa movement is so short that by the time an entry is made the price turns within a couple of candles and takes out the trade.
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