Price Action Trading with Indicators! The Freebie System

the beauty of stacking.

for those interested, I am using default settings except for Use Autotrend =3sema, stack trades=yes. Not smart enough to understand the other settings,maybe within time, or just leave well enough alone.

I'll add a start day to the inputs. that way folks can select what they prefer.

In reality I like this kind of volatility. This is when the real test of the EA is made. If the EA is successful in a couple of weeks from now you will consider this week NOTHING. For that matter the stocks demos I am running is doing very well. As the market tanks the EA takes the short entries on several stocks and as you can imagine... the results are successful.

J

Key:
On the input that follows the STACK option you can enter how far the stacks are activated.

For example:
PipsDistanceForNewTrade=130 means that new stack trades will be executed only if 130 pips have been reached since last trade.
So if u have 4 stacks they would all be a distance of 130 pips apart. Otherwise 0 means just to take all signals as they appear.

The one condition for either case is that the previous trade(s) have to in BE.

Oh one more thing. I have been starting the EA manually, for it to start trading on Monday evening. I was thinking that perhaps I should of started on Tuesday evening this week since Monday was a holiday here in the states. I can say that just doing that would of eliminated a lot of losses.

As far as adding the candle patterns that might help in the sense that you would get in sooner, and thereby have the opportunity of getting to the halfway point sooner. At the least you might of gotten half profits for some of the trades we are seeing as losers...

Another thing to consider, especially in these volatile times is to use the EA on 2 pairs vs 4 or more. That too would keep the losses to be much lower.

Perhaps I should just have the Dredding approach re-created at the upper TF. And designate long or short based on that .... we'll see first things first.

Up $363.33 this week with 12.2. I am beginning to wonder about closing half at BE. Jess, can I just move the SL and not close half. I notice that several trades that continued were actually cut in half so I made less than what I need to cover any possible loss

Sure I will do that. I will make it into a drop down selection.
Set BE at halfway, Close Half lots, leave rest with no TP
Set BE at halfway, keep TP
Set BE at X pips
The last option will require the user to input on a separate Input the X pips.

BTW profit is profit... no matter if it is 1/10 of what you expected. Remember we are dealing with the future, which no-one at this level can ever know about, so the fact that you got profit is something of importance... cause your foe the future, is cheer unpredictability.

ACCOUNT UPDATES:

Folks this week the demo accounts got plastered. Lost alot of profit and in once case(see below) fell below the original 10K mark.

In addition I put the EA on a small LIVE OANDA account and as you can imagine it lost a good 20%. Keep in mind I am still using 3% risk per trade. I can tell you this, at the H4 level I risk 10% per trade and have not had a problem. It only makes sense, since at the lower levels price can be moved around with somewhat more ease by brokers or big funds to meet their demands. It takes alot more at the higher levels for this to happen and if it does happen YOU have a DAYS or WEEKS to figure that the jig is up and get out with relative low losses.

In addition there is also a mis-match between DEMO and LIVE. I had the EA on both the live and demo OANDA and with the same broker time. The LIVE Oanda account did not match the Demo Oanda account in terms of the EA taking trades. Even when the same pair traded at the same time, you still had a discrepancy on profit, live being less than demo. The other nite I saw that that finally I had 2 runners on the account. That was the demo account, the live account only had one runner and even though they entered at the same time the price entry was off and the live account had less profit.

But not all is lost!! LOL. We have to consider that this week was a turbulent week and you could see it happening, cause the lagging HA indicators of the upperTF just could not hang in with the way price moved. So if in the next weeks price starts to assume it's direction we should get the results we want.

So here are a couple of ideas that I will employ next week
1. for the live account I will use a copier program, I will run the EA on a demo account and let the Live account copy the trades.
2. For those weeks that are turbulent like this one, will switch from using the HA to the _3sema for upper TF detection.
3. Set a loss limit and STOP trading when it is hit.

Now the REAL TEST comes... will the EA and MM take me out of a real whole (restore the 20% loss on small account)???? I bet it will and in a coupe of weeks all of this will be history and we'll be laffing about it LOL...

PEACE

BTW the trade u see below was also taken by the OANDA Demo account but not the Live OANDA account. The result for Live Oanda account would not be =-20% if the EA had been able to take the USDCAD short... interesting no?

The settings are always zz semafor 5-13-34? Have you tried changing these parameters and use only discs 2 and 3 of zzsemafor?

gianniko:
Your idea is appreciated but I am just sticking to the rules on page 1. That I know of, Dredding, did not change the settings nor just use the 2 and 3 zzdots. He just made profit all over the place with the setting he provides in the templates. Now, this is not to say that we can't change the settings, but in order to do that I would like to see data that proves that it would make a difference.

Another thing we need to keep in mind is that the EA takes trades when all the conditions it is programmed with are met. In that respect it does not act as Dredding did cause Dredding used other skills to determine if the trade was valid. This "skills" require ALOT more programming and in many cases are not programmable. So the only thing we can do is wait,,, wait for the lagging upperTF indicators to line up with price, then, you would see the kind of runs that I had where each week the profit kept increasing.

This week we had the market doing it's thing so much that the lagging upperTF indicator could not stick with it. I was using the D1 HA indicator on the upperTF and due to it's lag my accounts got punished, however someone else was using the 3zz semafor and they had a profitable week and guess what, it was using all the zz dots and with the 5-13-34 settings. So based on this it's not the entry TF indicators that are a problem, it's trading with the trend. That is where I see we need to mess with the programming and that is exactly what Dredding points out on the page 1 rules, TRADE WITH THE TREND.

So is that what you were referring too? To change the settings of the 3samafor indicator on the upperTF ??

Check this Dredding qoute:


"when a PIVOT FAILS it is a LOW risk HIGH reward setup"

Good info... an observation he made from all the trades he took too.

I am up $185.56 for today with the only looser the EURUSD, which gave me 2 losses. Next week- no Monday trade for EU.

keysharp, folks:
I have closed the demo accounts. I am trading live on a small OANDA account. So far this week I am down like .5% but I have a runner USDCAD. If the runner continues I should see profit . I've decided to take this sucker for a real test run. Demos is ok for testing if the EA and indicators are doing what they are doing, but real live trade...well you know... is REAL !! LOL.

My settings are all default except for the following:
UseAutoTrend=_3sema
PercentRisk = 3

Pairs: EURUSD, GBPUSD, AUDUSD, USDCAD (use to be EURAUD)

I was using the D1 and H4 HA for trend detection but the movement in price last week was too much for them to keep up with, as a consequence the lag in the responses caused too many losers. The _3sema of course runs it's own risk, but what I am thinking is this, if I run into a situation like last week were too many losers are showing up I will turn to the HA D1 option. What I am saying is that it seems that the 3sema works for certain market conditions where the HA works for other market conditions. It's obvious that my recent successful runs were due to the HA lining up with market conditions... That is my position on this for now. Lets if we can detect when to use 3sema and or when to use the HA.

I am going to follow on Friday with a live account with Tallinex. My pairs are EUDUSD, GBPJPY, GBPUSD and XAUUSD.

Guys:
I think I may have another solution to the long term trend thing. I am going to investigate it more and if it is feasible I will add it as an additional option that we can use.

So far the trader that is using it has been successful with his approach for more than 2 decades. That to me is more than enough DATA LOL.
The trade has his own approach but I am more interested in how he determines the trend using the upperTF.

Stay tuned.... we must get the break we need...

WOW those are aggressive pairs. Good luck and let us know how it goes...

Never thought of these as aggressive. They do have a lot of movement so I guess they are.

UPDATE on LIVE OANDA account

Unfortunately due to last nites market movement the account lost about another 15%. It was up about 5% and I had one runner USDCAD long, but the market took it's wild swings and eliminated the runner and in turn wrong trades were taken cause the upperTF was not in line with the trend of the moment.

In addition I noticed that one of the trades never reached SL yet it was closed for a loss. This tells me that the spread was widened and that was the cause of the trade being closed.

More than anything the key to this approach is the upper TF detection. I am looking at what Pauls did and I can say that more than likely he would of suffered losses as well.

Anyhow we MOVE ON. THIS IS NOT A DETERENT BUT MORE MOTIVATION. As soon as I get an chance I am going to add another upper TF option (Stochastic) and some more MM stuff.. Stay tuned.

Jess, as you can see by the enclosure we still have a problem with the ea. The two trades I got today were made when the yellow ZZ was on top and the trade went up, then the next trade ,the yellow ZZ was on the bottom and the trade went south. The trades should have gone the other way.

This may of been my problem. I checked my settings and Useautotrend was set at none. Do you think that may of been the problem?

keysharp:
Hey dude when u post a chart just hit the upload from computer, don't convert it to a link. When u upload it to the computer u can click on it and zoom in much better than the link. Thnx

Yep that's the problem. With the UseAutoTrend=None the EA doesn't pay attention to the upperTF and will take all trades that meet the requirements. Up or down.
The first long was triggered by the green dot and white HA and pivot fail
The second short was triggered by the red dot and the red HA and pivot fail (u can barely see the red dot in the pic but it is there...)
So the EA just took them all.

Later on if I get the Paulus thing going, that is when we will set the UseAutoTrend=None. Cause if u recall Paulus didn't use it.