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Price Action Trading with Indicators! The Freebie System

  • #7,541
  • Feb 18, 2016 10:22am Feb 18, 2016 10:22am
Quoting mahfoozah
{quote} good going so far only when i upload it on a new chart it hangs a bit rest is all perfectly fine. you must substitute
Awesome. Yep I expect it do that only when u load it on the chart the first time. OR if you reload the indicator or if u restart MT4.
I just got an idea.. Let me recode it one more time... I think I can make it load faster at the beginning.... stay tuned.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,542
  • Feb 18, 2016 10:41am Feb 18, 2016 10:41am
Quoting mahfoozah
{quote} good going so far only when i upload it on a new chart it hangs a bit rest is all perfectly fine. you must substitute
ok this version should load alot faster
Attached File(s)
File Type: ex4 #MTF_Heiken_Ashi_xm7_v2.ex4   17 KB | 229 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,543
  • Feb 18, 2016 10:51am Feb 18, 2016 10:51am
Quoting xmess7
{quote} ok this version should load alot faster {file}
you are amazing really this one is doing great just as you said. no load observed even in the start. i ll share further update after some hours.
There is only one way to learn. It’s through action.
  • #7,544
  • Feb 18, 2016 10:07pm Feb 18, 2016 10:07pm
UPDATE on v13

Guys! I found a MAJOR ASS ERROR on v13. It turns out that v13 is using YESTERDAYS pivots not the ones that are plotted today. So I am seeing alot of trades that SHOULD NOT HAVE HAPPENED and alot of PROFITABLE TRADES that DIDN"T happen. LOL. Man oh Man.

You know how I found out??? Not only was it cause I saw discrepancies but I used the the freebie indicatorv11 to compare the trades taken to what the arrows that the indicator plots. So far the indicator is doing exactly what it was programmed to do. That is it correctly plots the pivots plus it shows the entry arrows where trades should of and should not have happened. Anyhow I then looked at the debug, if u guys notice right where it says Failed pivot point I also print the price level of the pivot. I compared the price level to where the signal candle and it was different. Then I just took a look at yesterday's pivot and voala that matched!

Anyhow, I am going to look into the EA and see where my mistake is. I am also going to make sure it MATCHES what the indicator is doing. .

I'll have the solution soon ......
Our AWESOME IMAGINATION is the true holy grail!
  • #7,545
  • Feb 18, 2016 11:45pm Feb 18, 2016 11:45pm
Folks:

I am releasing an updated version. The versions you guys have are not coded in the same fashion as v13. Lets make sure that at least your version is working properly when it comes to what pivot levels the EA is using. Attached is v12.97. All this version does is print on the chart on the upper left corner the 3 pivot levels, Highest/Pivot/Lowest.

Those numbers will only change once a period. The period depends on what TF u are trading on. So folks on the 15min should only see the numbers at the open of a new day. Folks on H4 will see the numbers change at the open of the week etc etc etc.

What I need you to do is see the numbers and then slap on the indicator v10.5 I think, or any favorite Pivot indicator and compare those 3 numbers to what the same 3 levels that indicator is showing. The numbers will differ but the difference should be very small like .5 or .3

Anyhow let me know what you guys find. In the mean time I am working on v13 to get it resolved.
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v12.97.ex4   79 KB | 150 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,546
  • Feb 19, 2016 12:50am Feb 19, 2016 12:50am
Update on v13

I made some changes to the code that should ensure that the correct pivots are being used. Tonite I will be testing that, well I'll be asleep LOL but the EA will be printing debug statements

A couple of posts ago I had told someone that I recommended they look at pages 1-2 of the thread. So I went ahead and re-read them...
I think I made another mistake!

OK OK tell me ... the failed pivot is it on the CURRENT CANDLE where the HA is read and stock is crossing OR is it on the candle with the 3sema dot????

Take a look at some of the images that Dredding has and let me know what u see. I am seeing that the failed pivot is at the 3sema dot not the signal candle...
THAT MAKES A BIG DIFFERENCE....
Our AWESOME IMAGINATION is the true holy grail!
  • #7,547
  • Feb 19, 2016 1:13am Feb 19, 2016 1:13am
Quoting xmess7
Update on v13 I made some changes to the code that should ensure that the correct pivots are being used. Tonite I will be testing that, well I'll be asleep LOL but the EA will be printing debug statements A couple of posts ago I had told someone that I recommended they look at pages 1-2 of the thread. So I went ahead and re-read them... I think I made another mistake! OK OK tell me ... the failed pivot is it on...
So I'm confused by the wording of your question, Jess. The pivot should fail first, then the NEXT candle should (ideally) show a change in HA color while the stoch crosses up/down....
  • #7,548
  • Feb 19, 2016 1:17am Feb 19, 2016 1:17am
Quoting Superpmf
{quote} So I'm confused by the wording of your question, Jess. The pivot should fail first, then the NEXT candle should (ideally) show a change in HA color while the stoch crosses up/down....

Super:
That is what I want to clear up. My question is should the EA be looking for a failed pivot right where the 3sema dot is?? OR is the pivot failure at the point where the HA candle turns read and the stoch is crossing down?

I looked at some of the earlier pictures and I see that alot of them have failed pivots right where the 3sema dot is. I am looking to see if there is anything else that shows a failed pivot anywhere or on any other candle that is not the one that has the 3sema dot.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,549
  • Feb 19, 2016 1:20am Feb 19, 2016 1:20am
Quoting xmess7
{quote} Super: That is what I want to clear up. My question is should the EA be looking for a failed pivot right where the 3sema dot is?? OR is the pivot failure at the point where the HA candle turns read and the stoch is crossing down? I looked at some of the earlier pictures and I see that alot of them have failed pivots right where the 3sema dot is. I am looking to see if there is anything else that shows a failed pivot anywhere or on any other candle that is not the one that has the 3sema dot.
Ok...IMO...I think the pivot failure should be at the 3sema dot...having the EA look for this specifically may help us get in on trend changes earlier, thereby possibly increasing overall profitability.
  • #7,550
  • Feb 19, 2016 1:26am Feb 19, 2016 1:26am
Quoting Superpmf
{quote} Ok...IMO...I think the pivot failure should be at the 3sema dot...having the EA look for this specifically may help us get in on trend changes earlier, thereby possibly increasing overall profitability.

Hmm yea it would seem so.

I think it's a mixed bag. Check out the first pic that Dredding posted.
It has both types of pivot detections... on 3sema dot and others on the signal candle.
Attached Image (click to enlarge)
Click to Enlarge Name: Freebie_Failed_Pivots_2.jpg Size: 291 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,551
  • Feb 19, 2016 1:30am Feb 19, 2016 1:30am
Quoting Superpmf
{quote} Ok...IMO...I think the pivot failure should be at the 3sema dot...having the EA look for this specifically may help us get in on trend changes earlier, thereby possibly increasing overall profitability.
You have mentioned two good points. This one where we have the EA detect the failed pivot at the 3sema dot and the other, of considering to look for 3sema dots that are 1-2 candles away from the signal candle rather than 1-3 candles. This would make for less trades but would help to protect our exposure better.

Let me make an update and that we it can be tested....

I'll have something soon..
Our AWESOME IMAGINATION is the true holy grail!
  • #7,552
  • Feb 19, 2016 1:33am Feb 19, 2016 1:33am
Quoting xmess7
{quote} You have mentioned two good points. This one where we have the EA detect the failed pivot at the 3sema dot and the other, of considering to look for 3sema dots that are 1-2 candles away from the signal candle rather than 1-3 candles. This would make for less trades but would help to protect our exposure better. Let me make an update and that we it can be tested.... I'll have something soon..
Ok sounds excellent, Jess. However, perhaps you might want to consider coding the ea to look for a "secondary" pivot failure that would include those candles that fail pivots after the 3sema dot? What do you think?
  • #7,553
  • Feb 19, 2016 1:41am Feb 19, 2016 1:41am
Update v.12.98

TEST TEST IT!

LOL This version will only look for failed pivot points @ the candle that has the 3sema dot. All other conditions are the same.
I would test it with AutoTrend=something or with AutoTrend=No.

Lets see what this on yields.


Superpmf, got ya... but fer now lets be very exact and see what it does with JUST this condition..
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v12.98.ex4   79 KB | 151 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,554
  • Feb 19, 2016 1:48am Feb 19, 2016 1:48am
DANG SO CLOSE!!!

Check the image out... it wasn't to long that we saw that very condition that we were talking about LOL..
Attached Image (click to enlarge)
Click to Enlarge Name: Freebie_Failed_Pivots_3.jpg Size: 289 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,555
  • Feb 19, 2016 2:38am Feb 19, 2016 2:38am
Indeed! I'm so glad we are finally on the same page with regard to this issue of when the trade should be taken!
  • #7,556
  • Feb 19, 2016 9:07am Feb 19, 2016 9:07am
Quoting xmess7
DANG SO CLOSE!!! Check the image out... it wasn't to long that we saw that very condition that we were talking about LOL.. {image}
I was using a system similar to do manual trading. With the yellow dot at the bottom, I went long until the red then waited for the green and took another long. For sells it worked the other way. I will have a recap this evening but as of now my live account is up 10.8%. I started doing manual in addition to the ea because the ea activity was so slow. The manual was started on Wednesday afternoon.
  • #7,557
  • Feb 19, 2016 9:22am Feb 19, 2016 9:22am
UPDATE on v13

Looks like the pivot line fix is working. The print statements reported the correct pivot lines. The EA and indicator where also in sync plus the opposite 3sema dot detection is working. See the image... all the trades were legit trades with the correct pivot failures and where closed immediately when a 3sema dot.
Based on the results of the opposite 3sema dot detection a spread or buffer zone will be required cause we can see from the image that those trades would of been profitable.

Did anyone test v12.98 to see what kinda of result you got from the pivot being detection being tested differently??
I think AUDUSD had another setup that would of showed if the EA detected and would now be in great profit.
I am curious cause based on some observation that may help us to get in at a more appropriate price level.

Ok, I will do a couple of more things to the code and get it ready for release.
Jess
Attached Image (click to enlarge)
Click to Enlarge Name: Freebie_Failed_Pivots_4_matching.jpg Size: 251 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,558
  • Feb 19, 2016 9:45am Feb 19, 2016 9:45am
A COUPLE OF THINGS BEFORE the V13 RELEASE

BUFFER for oppostie 3sema dot detection:
How does this sound for a buffer, either the spread or 20% of the SL range. Which ever is larger.
That way for example say you have a 30 pip stop. The buffer would be 6 pips. Say the spread is 2.5.
So the EA picks 6 pips. Now say your percentRisk is 5%. So if the trade is closed due to a 3semadot appearing
then your loss would only be 1%. Of course the risk is still there that it can hit the 5% total loss.

3 Candles or 2 Candles between the last 3semaDot and the trade signal candle or how about 4 candles??:
The original rules state to look for a 3sema dot within 1-3 candles. But if we get it down to 1-2 candles we minimize the risk
and BUT also the opportunities. Currently the EAs you guys are using 1-4 candles.
Take a look at the pic below. One is with 1-3 candles vs the other that has 1-4 candles.
So do we stick with 1-3 or up it to 1-4 or do we tighten it to 1-2 ??

Comments please or suggestions.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Freebie_AUDUSD_13_Candles.jpg Size: 167 KB
Click to Enlarge Name: Freebie_AUDUSD_14_Candles.jpg Size: 166 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,559
  • Edited 10:57am Feb 19, 2016 10:37am | Edited 10:57am
I had two trades hit this morning and both were closed because of a close dot detected. In both trades the chart shows no dotexcept the one the trade is heading to. What is the problem?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDecnM15.png Size: 14 KB
This may be a broker problem for the live account because the demo account showes the second trade and it did not close.
  • #7,560
  • Feb 19, 2016 12:08pm Feb 19, 2016 12:08pm
Quoting xmess7
A COUPLE OF THINGS BEFORE the V13 RELEASE BUFFER for oppostie 3sema dot detection: How does this sound for a buffer, either the spread or 20% of the SL range. Which ever is larger. That way for example say you have a 30 pip stop. The buffer would be 6 pips. Say the spread is 2.5. So the EA picks 6 pips. Now say your percentRisk is 5%. So if the trade is closed due to a 3semadot appearing then your loss would only be 1%. Of course the risk is still there that it can hit the 5% total loss. 3 Candles or 2 Candles between the last 3semaDot and the trade...
I would go 1-4, gives us more chances!
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