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Price Action Trading with Indicators! The Freebie System

  • #7,501
  • Edited 12:06pm Feb 16, 2016 11:52am | Edited 12:06pm
Quoting Pazharris
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;...
Hye PazHarris . thnx for helping us test this thing out.

What you provided are the inputs that you set on the EA and it initialized with no problems. However, I noticed that u selected AutoTrend=ASCTREND_3TF . It's been a while since I tested that higher Trend detection indicator and since there are changes for 12.8, that may of affected that performance.

So here are options that you can help me with.

1. Put the indicator v10.5(or 10.4 I forget) on the same chart, GPBUSD M15 and set the same setting for the AutoTrend==>ASCTREND_3TF. Use nDays=2 just to make sure it covers the dates that u are looking to see trades. Now if you don't see any arrows, then more than likely there were not trades. BUT if u see arrows then something is wrong... the EA should of generated trades for each of those arrows. If this is the case, let me know so we can go from there.

2. Run the EA v12.8 again but this time instead of AutoTrend=ASCTREND_3TF try AutoTrend=_20sma. Let it run for a day or two and let me know if any trade or no trade.. Or u can simple just put the indicatorv10.5 and verify for yourself. Again if you see no trades or disagreement... let me know and we'll take it from there.

I also noticed that you have the RiskPercent set to 3. Just wanted to let you know that 3% is a number I use. When I trade the upper TFs (H4 and up) I actually use 5% risk, but then my SLs are in the 100s of pips. So I have a lot of time to decide to get out of losers. My thought was to try 3% at the lower level just to see if we can get some interesting profit runs, much like what we saw back in Dec/Jan...

Keep in mind v12.8 is experimental. It has stringent conditions when compared to v12.5. SO you may either see fewer trades or you will see a lot more losers.... small losers that is. with 12.8 we are determining if the use of an opposite 3sema can help protect the account from the huge drawdowns we experience. The success would consist of seeing a lot of small losses and winners being allows to run.

So keep this in mind..
Our AWESOME IMAGINATION is the true holy grail!
  • #7,502
  • Feb 16, 2016 12:02pm Feb 16, 2016 12:02pm
UPDATE on EA V13 and Indicator V11

Folks, I was about to release this sucker yesterday but as I was looking at the code I saw a grave mistake with the candle pattern portion.

Last nite before going off to bed I changed the input setting for the EA to detect Candle Patterns. I was thinking that with the new opposite 3sema for condition that we would now see better results since trades are entered earlier with the EA looking for candle patterns instead of HA patterns.

So I wake up and I see the account is down $5 (-2.5%). As I examined the losing trades (just two) I noticed something I had missed before. It turns out that the trades were not supposed to be taken cause, even though the candle patterns are there, the HA candle color was not! I realized my mistake, and it was cause in my mind when I programmed the patterns with NO STOCH crossing I also eliminated the HA candle color. Looking thru the posts Dredding only indicates that the stoch crossing is eliminated.... everything else stays when looking for candle patterns.

Sure enough all the losers had the HA candles in opposite colors... which would of avoided the trade.

So now I fixed this in the code and have restarted the EA. Lets see how the results come out.

I was planning to show a video explaining all the inputs and the EA and indicator in general. I created one yesterday but the audio was delayed LOL. I will try again and make sure the audio is in sync but if this gets to be too much I'll just do it like before and show images. Unfortunately the BE options may confuse folks and a video would do a lot better in explaining rather than just an image and text.

Ok carry on all you v12.8 and v10.5 users.... lets see how gets into profit this week!
Our AWESOME IMAGINATION is the true holy grail!
  • #7,503
  • Feb 16, 2016 12:46pm Feb 16, 2016 12:46pm
I, too, have had no trades yet on v12.8. I have it set to 20sma and 3.0 percent risk. I will let it run for another day.
  • #7,504
  • Feb 16, 2016 12:48pm Feb 16, 2016 12:48pm
Ok thanks for the heads up Jess, I have put the 10.5 version on two pairs (15min) as per instruction and I have the 12.8 on another two as per...I have lowered the risk to 1% for now, will keep you posted.
  • #7,505
  • Feb 16, 2016 1:11pm Feb 16, 2016 1:11pm
Quoting Pazharris
Ok thanks for the heads up Jess, I have put the 10.5 version on two pairs (15min) as per instruction and I have the 12.8 on another two as per...I have lowered the risk to 1% for now, will keep you posted.
Pazharris... forget about the indicator... I just remembered that since 12.8 was done on the fly I did not update the indicator to include the conditions that ea v12.8 has. So you WILL see trades on the indicator that the EA will not have.

So ignore my statement. The indicator can only be used when u are trading EA v.10.5.

What we can do is this. Keysharp and smF are trading 12.8 as well. We can compare results. If there are discrepancies between you guys then I'll need to run the EA on the broker you are using and debug the EA that way. I hope not, cause then that means that the EA may not work on other brokers.

Guys:
From time to time look at the EXPERTS tab log. Look in particular for the lines that say "Debug". Those are lines that the EA prints when either it is about to place a trade or if a trade was closed due to an opposite 3sema dot. We can use that info to check for problems like "no trade".
Our AWESOME IMAGINATION is the true holy grail!
  • #7,506
  • Feb 16, 2016 3:32pm Feb 16, 2016 3:32pm
So far this week the live account has had 3 trades, one in EURUSD and two in AUDUSD. The demo with the 128 V has had 3 trades one in each: EURUSD, USDJPY, and GBPUSD. The emo with Multi 10.5 ha 6 trades and 4 of them losers. But I am still above my initial balance.
  • #7,507
  • Feb 16, 2016 3:36pm Feb 16, 2016 3:36pm
How is it that you are getting trades being placed under v12.8, keysharp and I'm not? I'm looking at the debug lines under the Experts tab and see nothing out of the ordinary. There are no.errors of any kind!
  • #7,508
  • Feb 16, 2016 5:34pm Feb 16, 2016 5:34pm
Quoting Superpmf
How is it that you are getting trades being placed under v12.8, keysharp and I'm not? I'm looking at the debug lines under the Experts tab and see nothing out of the ordinary. There are no.errors of any kind!
The only change made is auto trend=3sema and risk % 3.05. Other than that everything else is standard. Have you checked the common page in your ea as it is on the chart and make certain live trade is checked and make certain that options under tools in the bar at the top, have the proper items checked. Other than that it may be the broker feed is not good. I use Tallinex for live acct. Assetsfx and Finfx for demo.
  • #7,509
  • Feb 16, 2016 5:47pm Feb 16, 2016 5:47pm
It is 6:45 pm EST and I just got a trade on demo 12.8v for USDJPY. It looks like a profit maker.
  • #7,510
  • Feb 16, 2016 6:08pm Feb 16, 2016 6:08pm
Quoting keysharp
It is 6:45 pm EST and I just got a trade on demo 12.8v for USDJPY. It looks like a profit maker.
did it buy or sell?
There is only one way to learn. It’s through action.
  • #7,511
  • Edited 7:19pm Feb 16, 2016 6:40pm | Edited 7:19pm
It was a sell. But there was a green dot that showed up and the trade went in another direction and it closed in loss.
2016.02.16 18:58:04.807 xm7_Freebie_EA_v12.8 USDJPY,M15: 2016.02.16 23:58 Short Trade closed due to low 3sema dot appearing. Jess, this trade closed at the SL but I keep getting this comment in expert repeatedly. I think the trade was to close because of the contrarian green dot but it did not and the SL hit. The journal stated that the trade was closed due to SL.
UPDATE: another trade @ 8:15 did the same. The expert tab is showing nothing but the above message an the trade was not closed. I closed it manually.
  • #7,512
  • Edited 7:09pm Feb 16, 2016 6:47pm | Edited 7:09pm
Ok Jess, we are having a problem. This is the second one tonight. The live account took a trade on AUDUSD a sell and shortly down a green dot showe up. the expert tab shows 2016.02.16 19:44:52.643 xm7_Freebie_EA_v12.8 AUDUSDecn,M15: 2016.02.17 00:44 Short Trade closed due to low 3sema dot appearing. This message is appearing several times an the problem is the trade is not closing but will as the demo did close at the SL. What do think. This is two such trades tonight on different brokers and on different pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDecnM15.png Size: 12 KB
  • #7,513
  • Feb 16, 2016 7:54pm Feb 16, 2016 7:54pm
I finally got a trade under v12.8! And it was a winner....though I had to close it manually to keep my profit otherwise it would've likely hit resistance and dropped back down. I'm also not liking how late the ea entered the trade. If it entered at least 1 candle earlier, I would've had even more profit.
Oh and btw, keysharp, my settings are the same as yours
  • #7,514
  • Feb 16, 2016 8:42pm Feb 16, 2016 8:42pm
Oh and btw, keysharp, my settings are the same as yours[/quote]

Great! and good going. We must have found a piece to the puzzle.
  • #7,515
  • Feb 16, 2016 9:52pm Feb 16, 2016 9:52pm
Quoting keysharp
Ok Jess, we are having a problem. This is the second one tonight. The live account took a trade on AUDUSD a sell and shortly down a green dot showe up. the expert tab shows 2016.02.16 19:44:52.643 xm7_Freebie_EA_v12.8 AUDUSDecn,M15: 2016.02.17 00:44 Short Trade closed due to low 3sema dot appearing. This message is appearing several times an the problem is the trade is not closing but will as the demo did close at the SL. What do think. This is two such trades tonight on different brokers and on different pairs.{image}

keysharp:
I am on it. I saw the same situation on a trade that my platform took. The repetition is ok. What the EA attempts to do is close the trade 10 times, so what u see is the message getting repeated several times as each attempt is made. That is good cause that tells u that the EA is going thru the loop of 10 attempts. HOWEVER The problem is that it is NOT closing the trade when a new 3sema dot is detected. LOL.

So I have updated the EA to 10.9. This should alleviate the messages.. somewhat. Remember that part is happening at EVERY TICK. Anyhow let me know if the fix worked for the detection of the opposite dot.
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v12.9.ex4   78 KB | 126 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,516
  • Feb 16, 2016 9:55pm Feb 16, 2016 9:55pm
My fxcm demo acct is now up about $2000 over last week...that's with v12.5 for Sun and Mon and v12.8 for today. I've had to intervene a lot and close trades manually though. I was also thinking that maybe when we have the final version bug free we could avoid letting it run during the extremely volatile NY session. I've noticed many trades taken during this time go in the opposite direction and close with a loss...both small and significant. Perhaps though, this will be less of a concern if the ea looks at both candlestick patterns and HA color....
  • #7,517
  • Feb 16, 2016 10:19pm Feb 16, 2016 10:19pm
Quoting Superpmf
My fxcm demo acct is now up about $2000 over last week...that's with v12.5 for Sun and Mon and v12.8 for today. I've had to intervene a lot and close trades manually though. I was also thinking that maybe when we have the final version bug free we could avoid letting it run during the extremely volatile NY session. I've noticed many trades taken during this time go in the opposite direction and close with a loss...both small and significant. Perhaps though, this will be less of a concern if the ea looks at both candlestick patterns and HA color....
I think you can set the hours you want to trade which would eliminate those hours of the day.
  • #7,518
  • Feb 16, 2016 10:21pm Feb 16, 2016 10:21pm
Quoting dallmanb
{quote} I think you can set the hours you want to trade which would eliminate those hours of the day.
I'm sorry. Was that part of the ea options and I just either missed it or ignored it?
  • #7,519
  • Feb 16, 2016 11:18pm Feb 16, 2016 11:18pm
Quoting Superpmf
My fxcm demo acct is now up about $2000 over last week...that's with v12.5 for Sun and Mon and v12.8 for today. I've had to intervene a lot and close trades manually though. I was also thinking that maybe when we have the final version bug free we could avoid letting it run during the extremely volatile NY session. I've noticed many trades taken during this time go in the opposite direction and close with a loss...both small and significant. Perhaps though, this will be less of a concern if the ea looks at both candlestick patterns and HA color....
Superpmf: I have seen the exact same thing. Good trades go bad when the "Gringos" start trading LOL. I have seen many good starts disappear when the NY market is about to start. The volatility starts about 1.5 hours before the NY open. Many things get crushed during that time. In addition I would opt to close the EA entirely and active at again for for the european session.

Superpmf the options u are looking for are at the bottom of the input list.
Start_Time
End_Time
You use your broker hours to establish when to have the EA start or stop.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,520
  • Feb 16, 2016 11:20pm Feb 16, 2016 11:20pm
Guys: Just wanted to make this statement. I know some of you are trading with real money. Just be aware that this is all testing and I would advice that you stick with DIMES or the smallest lotsize. AS you know we are forward testing the EA with live account vs using a demo. It's the only way to debug the EA so it can handle the trading commands that are supposed to work...
Our AWESOME IMAGINATION is the true holy grail!
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