Price Action Trading with Indicators! The Freebie System | Page 375 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Freebie 1 min trading method 1,227 replies

Naked Trading Using Price Action (No Indicators) 32 replies

Pure Price Action Trading - NO lines or indicators 49 replies

Help adding a filter to the Freebie Indicator 3 replies

EUR/USD Trading Price Action System 2 replies

Attachments: Price Action Trading with Indicators! The Freebie System
Exit Attachments

Price Action Trading with Indicators! The Freebie System

  • #7,481
  • Feb 12, 2016 10:16am Feb 12, 2016 10:16am
Quoting xmess7
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......
i apologize for asking simple questions let me read all that again on first page. Thank you really.
There is only one way to learn. It’s through action.
  • #7,482
  • Feb 12, 2016 10:18am Feb 12, 2016 10:18am
Quoting keysharp
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.
sure let me do that. i am grateful
There is only one way to learn. It’s through action.
  • #7,483
  • Feb 12, 2016 10:56am Feb 12, 2016 10:56am
EA v12.7 was updated. Please download again. I also updated the previous link, if you downloaded it form there then u are fine:
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v12.7.ex4   77 KB | 162 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,484
  • Feb 12, 2016 10:58am Feb 12, 2016 10:58am
Quoting mahfoozah
{quote} i apologize for asking simple questions let me read all that again on first page. Thank you really.
No problem. I tried to setup the EA and Indicator as simple as possible so we don't have to have ALL the indicators on the chart.
But from time to time you do need the indicators all of them on the chart, and that is just when u need to verify that a trade was correct or not.

In general when we get everything working properly you will only need to have the EA running on the chart. The indicators it required will still be in the Indicator/ Folder but you won't need them to be on the chart.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,485
  • Edited 2:22pm Feb 12, 2016 1:22pm | Edited 2:22pm
Looks like this is it for today. So here is the summary for the week of the live account.

Monday- 9 trades profit-$26.48

Tuesday- 13 trades Profit-$5.93

Wednesday- 14 trades loss -$15.51

Thursday- 4 trades loss - $2.28

Friday- 6 trades Loss - $11.38

I am still in profit over last week but only by 1.6%
  • #7,486
  • Feb 12, 2016 4:25pm Feb 12, 2016 4:25pm
Quoting keysharp
Looks like this is it for today. So here is the summary for the week of the live account. Monday- 9 trades profit-$26.48 Tuesday- 13 trades Profit-$5.93 Wednesday- 14 trades loss -$15.51 Thursday- 4 trades loss - $2.28 Friday- 6 trades Loss - $11.38 I am still in profit over last week but only by 1.6%

keysharp:
Hey thnx. Where ever in profit total profit this week?

My account lost another 20% so it is now at less than 50% of original amount. However... each week I saw it climb to about 10-13%. This I usually saw early in the week. I am going to continue using the EA with the settings I have been using however, instead of 4 pairs I am going to cut it down to 2 pairs. EA v13 has an option to set min profit target. It's the percent increase from the start of the week. So I am setting that input to 7% and the same for the low side. Either way if the account goes above or below, the EA will stop for the week.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,487
  • Feb 12, 2016 6:42pm Feb 12, 2016 6:42pm
Hi Jess the loser for this week was GBPUSD and the winner was gold. So with the change you made today on 12.7, I will keep GBP until I see a series of losses then I think I will go with gold and EUR. Last week I ended up with about 284 balance and I have ended the week with a 287 balance. This is really not bad with having the loss days starting on Wednesday. I think the problem was with news and the Fed, then we had Unemployment data on Thursday, the market may be a little skiddish right now.
I am a member of a gold tech analysis site out of New Zealand and even they are having problems right in the current financial climate. I think this ea is on the right track and trying to twee ck at this time is good. Looking forward to next week.
  • #7,488
  • Feb 14, 2016 3:03pm Feb 14, 2016 3:03pm
I suppose I need to report on the 10.5Multi results for the Finfx demo account. This past week it took 14 trades with only 3 losers, and came away with a profit of $158.76, a 3.1% increase over the last week. The pairs are EURUSD, GBPUSD, AUDUSD, and Gold. GBPUSD had a loss of $.30 with 7 trades. AUDUSD had a gain of $85.84 with 3 trades. The EURUSD had a loss of $46.48 with 3 trades. Gold had one trade for $119.70.
Just for info the loser days were Tues and Friday.

Maybe I should have kept the 10.5 multi on the real account.
  • #7,489
  • Edited 11:25pm Feb 14, 2016 10:41pm | Edited 11:25pm
Quoting keysharp
I suppose I need to report on the 10.5Multi results for the Finfx demo account. This past week it took 14 trades with only 3 losers, and came away with a profit of $158.76, a 3.1% increase over the last week. The pairs are EURUSD, GBPUSD, AUDUSD, and Gold. GBPUSD had a loss of $.30 with 7 trades. AUDUSD had a gain of $85.84 with 3 trades. The EURUSD had a loss of $46.48 with 3 trades. Gold had one trade for $119.70. Just for info the loser days were Tues and Friday. Maybe I should have kept the 10.5 multi on the real account.
keysharp:
Thnx for the update. Those look like good numbers despite the market being in the state it is. This is the best time to be tweaking the EA cause it's when the market is acting bad or so we think. But as you can imagine if we can have this EA work it's way through this times then we should see it perform the way we saw back in December-Jan when the market starts to operate under "regular" affairs. But none the less... as I said if I would of taken profit back in the middle of each week the Live account would be up more than 30%. So there seems to be a line of profit that we can take advantage of.

This week I will run v13 using HA candle and Candle Patterns (Candle Patterns alone didn't seem to have an advantage) and if I SEE the SIMILAR profit I have seen that last 3 week I AM CLOSING THE EA for the week. In fact I am setting my weekly profit option to 10%. So even if I miss it and it goes beyond 10% the EA v13 will take care of it.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,490
  • Feb 15, 2016 12:02am Feb 15, 2016 12:02am
UPdate On EAv13 and Indicatorv11

Folks:
I am done with the updated EA and Indicator. I just activated the EA on the Live Oanda Account ($210 balance) with the following settings:
Pairs: EURUSD, AUDUSD, GBPUSD, EURAUD

All Default inputs except:
Candles: HA and Candle Patterns (Ea will look for both HA and Candle Stick Patterns)
RiskPercent: 3 (3% as usual)
Target Percent Profit:15 (this is a new option, when equity hits 15% profit from weekly start EA STOPS)

I will upload the EA and Indicator tomorrow, right now I am going to sleep like for a LONG TIME LOL.
Tomorrow I will have an explanation of the inputs and the indicator. May even do a video....

For now I am happy to say the indicator v11 will show u potential entries on TimeFrames from 5M to D1.
The additional things you will see are the following:
EA can look for Candle stick patterns alone or with HA candles
EA can be set to stop working after a weekly profit
EA can display
weekly percent profit
overall percent profit (profit since initial start of account).
This can be displayed as a plain comment or as a display panel.

Tommorrow I will explain other things that are involved.

Nite Nite...

EDIT:
One more thing. No more development on Multi version. That version was incorporated in EA v13. However for those that are testing Multi and continue to do so
if we see consistent better results with the Multi than v13... well... that answer is simple... right? LOL But for now v13 is EA to work with.. Thnx
Our AWESOME IMAGINATION is the true holy grail!
  • #7,491
  • Feb 15, 2016 4:01am Feb 15, 2016 4:01am
Quoting pp22
{quote} Well I had a very good week with 10.5. Mostly H1 and H4 but a few D1 trades too. Set to default settings except 20ema and percent risk 0.5 Account started at $3500 ended at $3686. Went 15-4 of course the close half at BE wasnt working so no runners just 1 to 1 on sl/tp. Also with 4 open trades which havent hit sl or tp yet. Also I still have 100+ pip runner from 2 weeks ago and a 500+ pip runner from 3 weeks ago which was up over 800 pips at one point ( usdcad sell at 1.44779) but im going for the full 1000 lol. Phil

Well I had a so so week with 10.5. The same pairs and time frames as last week. Mostly H1 and H4 but a few D1 trades too. Set to default settings except 20ema and percent risk 0.5. Went 6-7 account was down $48 because my losses were always just a bit more then my wins. Still up from last week though. Also I still have my usdcad sell at 1.44779 runner thats 600+ pips but im going for the full 1000 lol. No other runners to talk about cause the close half at be wasnt working. Although oddly enough of the 13 entries I had this week one of them had the close half at BE work.


Phil
  • #7,492
  • Feb 15, 2016 7:46am Feb 15, 2016 7:46am
Quoting xmess7
EA v12.7 was updated. Please download again. I also updated the previous link, if you downloaded it form there then u are fine: {file}
i have downloaded again this one. i waited on firday to see if it triggers any trade and observe but it did not. i guess that was coz of low balance (less than 100) now i have added more balance to see if it triggers trade auto
There is only one way to learn. It’s through action.
  • #7,493
  • Feb 15, 2016 7:46am Feb 15, 2016 7:46am
Quoting pp22
{quote} Well I had a so so week with 10.5. The same pairs and time frames as last week. Mostly H1 and H4 but a few D1 trades too. Set to default settings except 20ema and percent risk 0.5. Went 6-7 account was down $48 because my losses were always just a bit more then my wins. Still up from last week though. Also I still have my usdcad sell at 1.44779 runner thats 600+ pips but im going for the full 1000 lol. No other runners to talk about cause the close half at be wasnt working. Although oddly enough of the 13 entries I had this week one of them...
Thnx. Keep 10.5 on, let see how it continues. When I get a chance I'll update the BE code on this version. That way you'll have that working instead of seeing it sometimes do it's thing or not do it.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,494
  • Feb 15, 2016 7:55am Feb 15, 2016 7:55am
Alrighty:
Need comments/suggestions/consensus.

EAv13 is up and running and so far I have $1 profit!!!!!!! LOL
Please review the following images. Both images show how the EA operates now that it has the 3sema dot warning (KeySharp's approach).
3sema dot warning means that if the EA finds a 3sema dot that goes in the opposite direction of a trade, that trade is automatically closed.

1st image: EA detects opposite 3sema dot immediately and closes trade
2nd image: EA detects opposite 3sema dot AFTER the candle has closed and closes trade

So what do you thing? Do we stick with immediate 3sema dot detection or do we wait till candle closes to confirm 3sema dot is there and then close trade?
Or should the EA not have this option (1st image shows trade would of continued for more pips if it had been left alone).

Let me know......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Freebe_v13_lowzzdot_tradeClosed.jpg Size: 79 KB
Click to Enlarge Name: Freebe_v13_lowzzdot_tradeClosed_candleClose.jpg Size: 79 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,495
  • Feb 15, 2016 8:54am Feb 15, 2016 8:54am
Jess, I am having a hard time following the screen shots without the indicator on the screen. In the first shot it looks as if the trade closed in profit. also I assume the trade was taken right after a green dot which in my opinion is ok, it is the yellow one that killed me last week. Also if the trade is in profit why would you close it? Why can't a variable be that if trade is positive then let it go, if it is negative then close it.

There were time that the PA continued in the direction of the run when the yellow dot appeared and I understand that will happen but that doesn't happen often.

I would rather see what happened in the second shot.

Looking forward to seeing what will happen this week, although today is a slow day with the Bank holiday.
  • #7,496
  • Feb 15, 2016 12:09pm Feb 15, 2016 12:09pm
2016.02.15 12:29:58.625 xm7_Freebie_EA_v12.7 AUDUSDecn,M15: close #20673156 buy 0.04 AUDUSDecn at 0.71491 sl: 0.71281 tp: 0.71702 at price 0.71457
This came from the expert page and shows we may have a problem with the closing of a trade that goes opposite to the direction of the trade. This trade was made on the third candle after a lower yellow dot. The candle after the trade opening was a white or down candle and this is where the trade was closed. So in summary the trade was taken in right direction, so should not have been closed.
  • #7,497
  • Feb 15, 2016 12:18pm Feb 15, 2016 12:18pm
Quoting keysharp
Jess, I am having a hard time following the screen shots without the indicator on the screen. In the first shot it looks as if the trade closed in profit. also I assume the trade was taken right after a green dot which in my opinion is ok, it is the yellow one that killed me last week. Also if the trade is in profit why would you close it? Why can't a variable be that if trade is positive then let it go, if it is negative then close it. There were time that the PA continued in the direction of the run when the yellow dot appeared and I understand...
I am just illustrating what happens when the EA detects a new 3sema zzdot.

The 1st screen shot the Ea took the short then it reached that last candle where u see it close the trade. That candle at that time was going up and a lower zzdot formed which the EA detected and CLOSED the trade. This option was with the EA detecting the 3semafor immediatly, it does not wait for the close of the candle.

On the 2nd screen the EA waits for the close of the candle before determining if there is a opposite 3semafor zzdot. So u can see that the short was taken and then when that long handle finished forming then the trade was closed.

Why not let the profit one run?? LOL cause when u mentioned this approach you didn't specify that LOL.

For now I am going to leave it like this.
-EA will immediately detect any opposite 3semaDot and close trade
-But if trade is set to BE then it will let the trade run.

I understand what you mean and I can add the "if in profit" condition ignore the "opposite 3sema dot" condition, but let me see how making the program REAL STINGY if that provides the desired result.

Right now I am up $2.40 !!!! That's 1.24% increase should I close for the week??? LOL



Anyhow, I was just illustrating what happens. I don't mind losing the opportunity, what I want to see is for example a string of very small losses... and then BAM the runner takes over. The EA has code in it that if the trade reaches BE status then it ignores opposite 3sema zzdots and lets the trade run.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,498
  • Feb 15, 2016 3:53pm Feb 15, 2016 3:53pm
Well, I am down $3.51 because two trades entered got caught by a dot an were closed short. This was a good thing otherwise I would be down better than $20.
  • #7,499
  • Feb 15, 2016 4:59pm Feb 15, 2016 4:59pm
Quoting keysharp
Well, I am down $3.51 because two trades entered got caught by a dot an were closed short. This was a good thing otherwise I would be down better than $20.
That's what I prefer to see. Even if that trade had been a good trade. The $3.51 loss is acceptable cause in the future when u get a good run you WILL make up for all the losses. Did u ever get a chance to read the Thread Building and Equity millipede? There it is clearly shown how even with what seemed to be considerable loss in pips, that once the equity millipede was built that those initial losses did not matter.

Anyhow. Here's an update to the EA.
This EA will ignore the opposite 3sema dots IF the trade is either in profit or at BE.

This should allow the "good" trades to attempt to continue until they run!
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v12.8.ex4   78 KB | 164 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,500
  • Feb 16, 2016 11:33am Feb 16, 2016 11:33am
Hi Jess, I have not had any trades on the last two versions, I keep getting this msg in experts when I try and load it on the 15 min charts...could you tell me what the prob may be, thanks.


2016.02.16 17:29:23.875 xm7_Freebie_EA_v12.8 GBPUSD,M15 inputs: Pivots=0; UseAutoTrend=5; inputInfo1=== Money Management ==; MoneyManagementType=1; PercentRisk=3.0; FixedLotSize=0.1; inputInfo2= == Profit and Loss Targets/Break Even Conditions == ; Target_TakeProfit=0; Select_BE_Type=0; StopLoss=0.0; TakeProfit=0.0; inputInfo3=== Trailing Stop ==; UseTrailingStop=2; TrailingStep=0.0; inputInfo4=== Additional Conditions ==; TestSignalCandleSize=1; MaxSignalCandlePipSize_ToAllowTrade=0; TestTradeOn_AverageRange=1; inputInfo5=== EA
2016.02.16 17:29:23.828 xm7_Freebie_EA_v12.8 GBPUSD,M15: initialized
2016.02.16 17:29:23.827 xm7_Freebie_EA_v12.8 GBPUSD,M15: uninit reason 5
25 traders viewing now