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Price Action Trading with Indicators! The Freebie System

  • #7,561
  • Feb 19, 2016 12:35pm Feb 19, 2016 12:35pm
Quoting xmess7
{quote} hey.. try this. i modified the code. you should see improvement. i coded it so it only loads the heavy stuff only one time. but once it is done and the new ticks start it should be alot lighter. please test it. let me know if u see improvement. use the default bars and tfs. {file}
Hey Jess,

If I'm on the M5, is it possible to have the indicator show M15 and H1 HA bars?

If I'm on the M15, can it show H1 and H4?

Just curious, thanks. Also, in the EA, what indicator are you calling for the HA stuff? Is it just the Heiken Ashi?
  • #7,562
  • Feb 19, 2016 4:47pm Feb 19, 2016 4:47pm
Quoting xmess7
{quote} ok this version should load alot faster {file}
Good day Xmess7.
I wonder if in your files, has a copy of Freebie MTF HA, showing the 4 Time Frame, but the former is the active period in the window?
Am sending a copy of the file that I downloaded from another site. I appreciate your help, this indicator is helpful to confirm the trend. Thank you. Cesar
Attached File(s)
File Type: mq4 Freebie MTF HA-Fixed.mq4   11 KB | 301 downloads
  • #7,563
  • Feb 19, 2016 6:57pm Feb 19, 2016 6:57pm
Quoting keysharp
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?{image} This may be a broker problem for the live account because the demo account showes the second trade and it did not close.
Hmmm. WE NEED TO PROTECT THE EA AGAINST BROKERS LOL.

The more this happens the more I think we will need to use a copier program. This way, the copier program will copy the trades made on say a demo account onto a live account. Since the only thing the live account will be receiving is buy/sell requests there should be no error other than the copier itself not working, right?

Bluefx is a good alternative. Their stuff really works. I also created my own copier program.

Anyhow, just start to think about this... or try it next week with bluefx.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,564
  • Feb 19, 2016 6:58pm Feb 19, 2016 6:58pm
Quoting dallmanb
{quote} I would go 1-4, gives us more chances!
dallmanb:
That's what the 12.xx version are currently using. v13 is also using that scheme. I am tempted to add it as an input so each user can decide what they want...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,565
  • Feb 19, 2016 7:08pm Feb 19, 2016 7:08pm
Quoting cesar8
{quote} Good day Xmess7. I wonder if in your files, has a copy of Freebie MTF HA, showing the 4 Time Frame, but the former is the active period in the window? Am sending a copy of the file that I downloaded from another site. I appreciate your help, this indicator is helpful to confirm the trend. Thank you. Cesar {file}
Cesar8:
Welcome. Hey.. this file, that you uploaded, is exactly the same as the original file (#MTF_Heiken_Ashi.ex4) that I had modified into #MTF_Heiken_Ashi_xm7.ex4
Originally all I did was change it to show only 2 TFs instead of 4TFs. Then later on I update it so it would LOAD alot faster.

Do you want me to fix this file so now u have it load faster with the 4TFs? Please advice
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #7,566
  • Feb 19, 2016 7:10pm Feb 19, 2016 7:10pm
Quoting dallmanb
{quote} Hey Jess, If I'm on the M5, is it possible to have the indicator show M15 and H1 HA bars? If I'm on the M15, can it show H1 and H4? Just curious, thanks. Also, in the EA, what indicator are you calling for the HA stuff? Is it just the Heiken Ashi?
Why dallmanb how dare u ask??? LOL of course it can be done.
There is already an MTF indicator that does exactly that. Now the question is how do u want the candles to be displayed on the chart?
Do you want them on a separate window? Do you want them super-imposed on the main chart?

Show me an example
Our AWESOME IMAGINATION is the true holy grail!
  • #7,567
  • Feb 19, 2016 7:17pm Feb 19, 2016 7:17pm
Quoting Superpmf
{quote} 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?
Superpmf:
So basically keep what the EA does right now and just add the 3sema pivot fail... that's what I think you are indicating.
I was looking at from the point of just having it consider the 3sema point. If you look at the chart I posted where DRedding is showing successful trades, if the EA were to only consider the 3sema pivot fail then some of those trades would not happen, but the ones that do happen would also be successful.

I don't mind losing out in fact, it's VERY RISKY to try to CATCH every trade. Cause you know, the odds catch up to you the longer you play in the game.

Anyhow... something to ponder...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,568
  • Feb 19, 2016 7:30pm Feb 19, 2016 7:30pm
Quoting keysharp
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?{image} This may be a broker problem for the live account because the demo account showes the second trade and it did not close.

keysharp:
could you please send me the logs of both the live and demo for that trade u are showing... I think I know the cause of the problem.... which v13 already has taken care of.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #7,569
  • Feb 19, 2016 7:43pm Feb 19, 2016 7:43pm
Ok Jess, I have pm'd you with two logs.
  • #7,570
  • Feb 20, 2016 1:30am Feb 20, 2016 1:30am
Quoting keysharp
Ok Jess, I have pm'd you with two logs.
Got them thnx. Next time just send the files, that way I can use my notepad program and to conduct searches etc etc
Our AWESOME IMAGINATION is the true holy grail!
  • #7,571
  • Feb 20, 2016 3:25am Feb 20, 2016 3:25am
Quoting xmess7
{quote} Superpmf: So basically keep what the EA does right now and just add the 3sema pivot fail... that's what I think you are indicating. I was looking at from the point of just having it consider the 3sema point. If you look at the chart I posted where DRedding is showing successful trades, if the EA were to only consider the 3sema pivot fail then some of those trades would not happen, but the ones that do happen would also be successful. I don't mind losing out in fact, it's VERY RISKY to try to CATCH every trade. Cause you know, the odds catch...

Well, all we really need is just a few good trades a week. I, myself, am only looking for modest growth right now...not 150% growth...on a weekly basis.

But, let's see how it does when it looks for everything. You can always make the necessary modifications to have it look at only the 3sema pivot fail.

Thanks, Jess.
  • #7,572
  • Feb 20, 2016 11:09am Feb 20, 2016 11:09am
Hi Guys

I'm new on here and fairly new to Forex I have been trading Binary Options for about 4 years on and off but I hate been limited to a specific time frame. I started reading this thread about a week ago and got myself really excited, opened a demo account and made a £650 profit on a £5,000 demo account.

Trading Binary Options I had a strategy of using PA and used Heiken Ashi as the confirmation so I could see straight away this original strategy was perfect for me then a few hundred pages in disaster struck! LOL The originator had left the building!

I love the idea that you guys are developing an EA (I have a vague idea what one is but no idea how to open it or attach it to a chart, some basic instructions would be fantastic for the uninitiated or just plain thick!).

This brings me to my request, does anyone on here have the Freebie Price Action template and indicators, especially the HA block indicator the opens in a separate window?

Thanks in advance guys.

John
  • #7,573
  • Feb 20, 2016 12:18pm Feb 20, 2016 12:18pm
It is pointless to describe what went on this past week with the EA. With all the changes and adjustments and all. I do have to say that using the method in manual trading I came out fine. With the live account the ea had a loss of $11.89 and the manual trade had a profit of $36.76, the demo ( 50,000 equity balance) the EA had a loss of $359.98 an the manual trade had a gain of $3,698.38.

I basically entered long when the yellow dot was at bottom and closed at the next red dot of course the stocke. had to be open and moving north. Then I waited until pa retraced to the green dot and entered long again and etc. until the upper yellow dot showed up and closed when the stocke. closed. Sell trades were inverse.

The system is not perfect but simple and when you have a looser then it can be closed out or take a chance on PA coming back favorably. That happened once and right now the live account has 2 trades hanging and the demo has one. Must say this was entertaining but I am waiting on V13. Got other things to do rather than be at the computer all day.
  • #7,574
  • Feb 20, 2016 2:41pm Feb 20, 2016 2:41pm
Quoting xmess7
{quote} Cesar8: Welcome. Hey.. this file, that you uploaded, is exactly the same as the original file (#MTF_Heiken_Ashi.ex4) that I had modified into #MTF_Heiken_Ashi_xm7.ex4 Originally all I did was change it to show only 2 TFs instead of 4TFs. Then later on I update it so it would LOAD alot faster. Do you want me to fix this file so now u have it load faster with the 4TFs? Please advice Jess
Good day xmess7
I appreciate the improvements you can make to this indicator. If you can beat the original file that shows the 4 TF, making it faster, it would be great. Thank you. Cesar
  • #7,575
  • Feb 20, 2016 3:53pm Feb 20, 2016 3:53pm
Quoting cesar8
{quote} Good day xmess7 I appreciate the improvements you can make to this indicator. If you can beat the original file that shows the 4 TF, making it faster, it would be great. Thank you. Cesar
Cesar:
Here you go. version 1 will operate alot faster than the original version. Enjoy
Attached File(s)
File Type: mq4 Freebie MTF HA-Fixed_v1.mq4   11 KB | 250 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,576
  • Feb 20, 2016 4:07pm Feb 20, 2016 4:07pm
Quoting swissjohn
Hi Guys I'm new on here and fairly new to Forex I have been trading Binary Options for about 4 years on and off but I hate been limited to a specific time frame. I started reading this thread about a week ago and got myself really excited, opened a demo account and made a 650 profit on a 5,000 demo account. Trading Binary Options I had a strategy of using PA and used Heiken Ashi as the confirmation so I could see straight away this original strategy was perfect for me then a few hundred pages in disaster struck! LOL The originator had left the building!...

Welcome swissjohn.

1st and EA is an acronym for Expert Advisor. What it really is, is a program that is created to take trades based on an approach or idea that a trader has. You are trying to automate your approach so you don't have to be on the computer for hours .

This EA is called the Freebie EA and is complimented by the Freebie Indicator. The Freebie indicator DOES not take trades. What it does is illustrate on a chart using symbols (I used arrows) to show where there would be a possible trade entry. If you look at some of the recent posts that have pictures. You will notice Big Red/Green Arrows, that is the Freebie indicator, then in some picture u will also notice smaller red/green arrows those are actual trades that the Freebie EA took.

Hope that clarifies what the Freebie EA (Expert Advisor) and Freebie Indicator are.

As to how to apply the EA or indicator, I will post a video on that. I think that will be alot easier to understand than trying to explain with text and pictures.

The indicator u are asking for should be available for download on the 1st post.

Just hang on ok... I am trying to get EAv13 uploaded with all the changes that we had tested this past week.

...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,577
  • Feb 20, 2016 4:27pm Feb 20, 2016 4:27pm
Quoting keysharp
It is pointless to describe what went on this past week with the EA. With all the changes and adjustments and all. I do have to say that using the method in manual trading I came out fine. With the live account the ea had a loss of $11.89 and the manual trade had a profit of $36.76, the demo ( 50,000 equity balance) the EA had a loss of $359.98 an the manual trade had a gain of $3,698.38. I basically entered long when the yellow dot was at bottom and closed at the next red dot of course the stocke. had to be open and moving north. Then I waited...
Ditto here... too many changes and besides my version was not using the correct pivots so alot of the trades do not count.
Next week should show alot better results...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,578
  • Feb 20, 2016 11:44pm Feb 20, 2016 11:44pm
Quoting keysharp
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?{image} This may be a broker problem for the live account because the demo account showes the second trade and it did not close.
keysharp:
I've got some info for that trade. It turns out that v12.98 has an error. In my attempt to make the EA faster I made a simple change to the code but in doing so I erased part of the code that keeps track of the number of candles that were counted until the EA found the last 3sema dot.
In the trade you showed. That last long trade on the chart has the signal candle at 7 candles away from the last 3sema dot. The EA is programmed to search thru 10 candles to find it and well 7 is within the 10 and since the EA was not keeping count it just saw that and thought "HEY I FOUND ONE" and since the rest of the conditions match went ahead and placed the buy trade. This is the only version that has this error. v13 is not affected and has the faster code.

Now, for the other part of your question. I recognize the broker you are showing so I fired up the strategy tester and looked at that exact moment. I simulated that moment and saw why the EA closed the trades. The EA did exactly as it was supposed to. It closed the trades at the moment that a opposite 3semadot appeared. What happened after was that the dot kept traveling up and by the time that you saw it, the dot not above that candle anymore. What I saw in the start tester was the a short trade was taken and then on the next candle price fell more and then it turned around and started to go up. Around the time that it reached where the entry was made a 3sema dot appeared and that is when the EA closed the trade. The difference u see is due to the lag that the trade closing experienced. On the strat tester the candle popup fairly quick so there may of been a lag between the request and the actual execution.

Hope that makes sense.

I am going to release v13 tomorrow Sunday, for sure. So EA v12.98 is history.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,579
  • Feb 21, 2016 3:14am Feb 21, 2016 3:14am
Hi Jess, glad v13 is almost ready, any chance you can post pic to show recommended settings?, thanks bud!
  • #7,580
  • Feb 21, 2016 11:53am Feb 21, 2016 11:53am
Quoting Pazharris
Hi Jess, glad v13 is almost ready, any chance you can post pic to show recommended settings?, thanks bud!
Pazharris:
Hey, as far recommended settings they will only be for testing purposes. For example I've been using 3% risk, that is my setting for testing the account. Once the EA is up and operation an all of us agree that it is doing the job it is supposed to then I'll move back to my trade setting of 5%.

I am a long term trader (TF H4 and greater) and I am use to risking 5-10% per trade. I can afford to do this cause the trades I pick are very few and as you know I am a fan of setting a trade at break even and just letting the trend take it away....

I KNOW I can get the most from the market and I KNOW that I can achieve this. So with those things in mind I do things that are not typical. So I don't know if my recommendations would suite many .
Our AWESOME IMAGINATION is the true holy grail!
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