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Price Action Trading with Indicators! The Freebie System

  • #7,461
  • Feb 10, 2016 8:21am Feb 10, 2016 8:21am
Quoting keysharp
Last night was not benevolent at all. Two trades in the live account resulted in a 12% loss. Thank goodness the account is still in profit. This morning trades seem no better. Closed two trades that were going wrong. Good thing. Also the 3% risk is a killer and I have gone back to the 1%. Jess, Are we missing opportunities for good trades by not trading when the yellow dot is present. As I look at the charts, it seems that trades are taken more frequently off of the #1 and #2 semifore and not very often off of the #3 yellow dot. And the yellow dot...
keysharp:
The thing about the dots is this. When Dredding was trading he didn't consider what or which dot to use. He just saw any of the dots appeared and went about looking for the other conditions. Right now the EA is coded in that fashion. How did u come up wot the 99% number? Do you have data to back it up? That would be so kewl.

FOLKS:
Hmm Let me add #3 dot to the code and see what happens... Attached is v12.6 with this change. Test it let me know what happens... I also added some other corrections that are on v13...
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v12.6.ex4   75 KB | 200 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,462
  • Feb 10, 2016 9:06am Feb 10, 2016 9:06am
[quote=xmess7;8745202]{quote} keysharp: The thing about the dots is this. When Dredding was trading he didn't consider what or which dot to use. He just saw any of the dots appeared and went about looking for the other conditions. Right now the EA is coded in that fashion. How did u come up wot the 99% number? Do you have data to back it up? That would be so kewl.

Lol,No I don,t have a statistical determination of the movement of the yellow dot, just an observation and hunch. I understand what Dredding was doing and I agree. It just seems that more often than not we leave the yellow dot on the table. It seems that more often than not the yellow dot will be where PA reverses and heads off to the next yellow dot.

Thanks for the ea adjustment. I just placed it on the demo.
  • #7,463
  • Feb 10, 2016 10:49pm Feb 10, 2016 10:49pm
v13 EA.

So far this day the EA and the indicator and on demo and on Live have all made the same trades. So looks like all is making sense.
Of course my account when down LOL. It's below 50% from it's original amount.

But I will say this. In the last two weeks. I have seen the account up at the least 10% each week. I especially see it climb right before the NY open. Today I left it alone and on audchf, I had a runner that went as high as 65 pips.

So despite the bad results there is a silver lining. It seems to perform very well at the beginning to middle of week and also like 1hour before the NY open. I think that when the markets start to calm down we will see this EA perform like it did back in December/early Jan. Remember those BIG ASS RUNNERS?

This is all on the 15min TF. I have not tried the higher TFs (which I will lol). Oh and I will more than likely go back to using HA candles instead of the candlesticks. EVen though it seems u get in, u also get alot more entries that you go like WAAA?? Today.. remember when the USDCAD had that hard spike turn? Well I got the runner going up right? Then it slammed down and hit my BE, no prob right I banked money right? Well then it passed my trendline indication and the trend was short for the EA. Price kept going down and then a piercing pattern showed up that also failed a pivot point and there was a 3sema dot below it on the same candle. So the EA takes a long and BAMMM price goes down fast and hits the stop. LOL. This would of definitely not been taken long with the HA candle..

Anyhow... I will be releasing this before the end of the week.

Stay tuned...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,464
  • Feb 11, 2016 6:37am Feb 11, 2016 6:37am
V13 can't come soon enough. Lol.
  • #7,465
  • Edited 9:14am Feb 11, 2016 7:29am | Edited 9:14am
Anybody ever have a platform not do anything just sit there. Assetsfx just stopped there feed and is not placing any trades. I don't remember reading about any Finnish holidays. UPDATE: they told me to set up a new one and nothing else. I think they are bringing in all platforms in-house because the platforms now are labeled as Assetsfx , not Squaremt. So I get to start from scratch.
  • #7,466
  • Feb 12, 2016 2:02am Feb 12, 2016 2:02am
I have yet to see any trades being taken on v12.6. Has anyone had this issue as well? I went back to v12.5 just now.
  • #7,467
  • Feb 12, 2016 2:44am Feb 12, 2016 2:44am
Quoting Superpmf
I have yet to see any trades being taken on v12.6. Has anyone had this issue as well? I went back to v12.5 just now.
Had a trade eurusd about 1am est. it was a buy.
  • #7,468
  • Feb 12, 2016 3:28am Feb 12, 2016 3:28am
Hey guys:

You can examine to see if there should be any trades by placing all the indicators as described on page 1. For 12.6 you just need to consider those 3sema zzdots that are #3, ignore the rest. Of course you may not see any #3 cause as you know they could of been removed by a higher high or lower low. This is what was described, that only the #3 zzdots where to be considered for trading. So to see less trades is expected since the #3 dots don't appear that frequently.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,469
  • Feb 12, 2016 7:00am Feb 12, 2016 7:00am
Actually, one of the trades came off of a green dot that was a buy and was a winner. The other trade I had last night was off of a red dot and was a loser. So in the 12.6 version the yellow dot was not considered in any trade.

I will be summarizing my results on the real and demo accounts this evening. But as of right now the Multi10.5 had the better week over the 12.5V. If I had of stopped the 12.5v onWednesday then all would be fine. The 12.5v has lost almost all profit I had accumulated thru Tuesday.
  • #7,470
  • Feb 12, 2016 7:25am Feb 12, 2016 7:25am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADecnM15.png Size: 40 KB


In this shot the 3 dot was where the red arrow is. This tells me that the red dot prior controlled the direction of the trade. If it did then this was a long wait for a set up. It is still going but it will end up as a loss. I may just close it now. But with the 3 (yellow) dot being there then the red arrow should have been a buy. Then in the trade the close half BE setting would kik in and all be well.
  • #7,471
  • Feb 12, 2016 7:45am Feb 12, 2016 7:45am
Sorry about the attachment, but if I hit preview then the chart appears but when I post the attachment shows up. I suppose this weekend I'll work on getting this right.
  • #7,472
  • Feb 12, 2016 8:54am Feb 12, 2016 8:54am
Quoting keysharp
Actually, one of the trades came off of a green dot that was a buy and was a winner. The other trade I had last night was off of a red dot and was a loser. So in the 12.6 version the yellow dot was not considered in any trade. I will be summarizing my results on the real and demo accounts this evening. But as of right now the Multi10.5 had the better week over the 12.5V. If I had of stopped the 12.5v onWednesday then all would be fine. The 12.5v has lost almost all profit I had accumulated thru Tuesday.

Are u sure? This is the deal with this indicator. What you see now is usually different later on. For example on the image u sent.. notice that the new Yellow dot (#3) is lower than all the other dots since the start of the period. I would not doubt that if you reversed time you could see instead of green dots yellow dots. This is something I have seen many times with this indicator. Either it knocks out the dot (it looks like it is pushing the dot up or down) or changes the color (this happens when a new low/high appears many bars after that initial yellow dot.

Now in the code it is exclusively set to ONLY read the #3 or Yellow dots. But then again I have seen that MT4, especially under live conditions, just doesn't pay attention to it's own program and does whatever it wants LOL. Or so it seems
Our AWESOME IMAGINATION is the true holy grail!
  • #7,473
  • Edited 10:54am Feb 12, 2016 8:56am | Edited 10:54am
Quoting keysharp
{image} In this shot the 3 dot was where the red arrow is. This tells me that the red dot prior controlled the direction of the trade. If it did then this was a long wait for a set up. It is still going but it will end up as a loss. I may just close it now. But with the 3 (yellow) dot being there then the red arrow should have been a buy. Then in the trade the close half BE setting would kik in and all be well.
Your example brings up a real good point. If the EA was setup to detect that green dot...it could close the SELL with a very small loss and then proceed to see of the new green dot was a setup for a LONG.

Hmm... let me add that to the mix.... BRB LOL..

EDIT: OK ... back lol

FOLKS: Attached is EA v12.7
This EA will now detect if a an opposite direction 3 zzdot appears after it has taken a trade. If that is the condition the trade is closed immediately

EDIT: EA was updated, download again
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v12.7.ex4   77 KB | 139 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,474
  • Feb 12, 2016 9:21am Feb 12, 2016 9:21am
UPDATE ON EA v13 and Indicator v11


Close o so CLOSE! There is one more bug to fix. For whatever reason the EA is using the prior day's pivots at about the first 5 bars of the beginning of the period. Then after those bars it has no problem detecting the right pivots. So far this has been the answer to why the EA takes a trade out of the BLUE. When I slap on the freebie indicator there are no arrows right where the trade happens and you go like WHAT THE HEC??? I was able to figure out why it was doing that. I looked at the EXPERT TAB and recorded the failed pivot level. Then I started to examine the previous days pivot levels and sure enough there was the one that it matched. So the EA was using that days pivot level and since all the other conditions matchs, it took the trade. Even though there was no current pivot anywhere near the candle.

The freebie indicator is just about ready.. It can now show you trade entries in TFs from M5 to D1. The only thing left to fix is the trend detection at the TFs starting from H4 and up, and the add the WK Tf for trading purposes.

All good...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,475
  • Feb 12, 2016 9:30am Feb 12, 2016 9:30am
Quoting xmess7
{quote} U can get the indicators by clicking on the paperclip at the top of this webpage... they are posted. Or u can go to http://xm7.info/ea/freebie download all the indicators you see in the list and place them in that very folder you see on your chart.
i have added all the indis in that folder but i am unable to attach any of them (xm_freebie_EA) when i attach nothing happens nothing changes. what should i do. i hv restarted mt4 already.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 255 KB
There is only one way to learn. It’s through action.
  • #7,476
  • Feb 12, 2016 9:38am Feb 12, 2016 9:38am
Quoting mahfoozah
{quote} i have added all the indis in that folder but i am unable to attach any of them (xm_freebie_EA) when i attach nothing happens nothing changes. what should i do. i hv restarted mt4 already. {image}
Check the common page when you pull up the EA. Make sure that the "allow DLL imports" is checked. I had the problem once because I assumed all the necessary common attributes were checked.
  • #7,477
  • Edited 9:59am Feb 12, 2016 9:42am | Edited 9:59am
Quoting xmess7
{quote} Your example brings up a real good point. If the EA was setup to detect that green dot...it could close the SELL with a very small loss and then proceed to see of the new green dot was a setup for a LONG. Hmm... let me add that to the mix.... BRB LOL.. EDIT: OK ... back lol FOLKS: Attached is EA v12.7 This EA will now detect if a an opposite direction 3 zzdot appears after it has taken a trade. If that is the condition the trade is closed immediately {file}
this attachment is not available, can you attached again or the latest one pl?

tried again and downloaded now, but still unable to add on chart
There is only one way to learn. It’s through action.
  • #7,478
  • Feb 12, 2016 9:45am Feb 12, 2016 9:45am
Quoting keysharp
{quote} Check the common page when you pull up the EA. Make sure that the "allow DLL imports" is checked. I had the problem once because I assumed all the necessary common attributes were checked.
thats the problem i dn even see common page when i pull up the ea, all the others are being pulled and added but these ones are not being pulled or nothing happens at all when i pull them i dn see any option or common page and obviously no changes on the chart

updated , i was able to update indicator v 10 and here is how it looks, pl guide... it is still saying those indis missing which i hv added
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 350 KB
There is only one way to learn. It’s through action.
  • #7,479
  • Feb 12, 2016 9:47am Feb 12, 2016 9:47am
Just saw your image so I see your problem. Why was the ea put in indicators instead of the ea folder? Go back and move the ea from the indicator folder to the ea folder.
  • #7,480
  • Feb 12, 2016 10:02am Feb 12, 2016 10:02am
MahFoozah:

Welcome: Hey u don't need to have all the indicators on the chart when u are using the EA. U only do that when u are verifying that all the conditions on the 1st page are met and that trades are taken correctly. The EA will not show anything on the chart. You can use the Freebie_indicator, that will show u entry arrows and then if u want to really verify place all the other indicators like 3sema dot, stoch. The other indicators like AscTrend and HA MTF are only needed if YOU Picked them on the AutoTrend input.

I need to make video LOL... text is not enough LOL
Our AWESOME IMAGINATION is the true holy grail!
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