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Price Action Trading with Indicators! The Freebie System

  • #7,581
  • Feb 21, 2016 12:12pm Feb 21, 2016 12:12pm
Thanks Jess for your reply.

The download for the price action template is not on the first page, only the freebie system.

I don't like that system (freebie system) as the Heiken Ashi candles cover the price action candles so you can't see how the candles are forming.

Your explanation of the EA was awesome look forward to your video of how to set it up.

Thanks, John.
  • #7,582
  • Feb 21, 2016 1:14pm Feb 21, 2016 1:14pm
Jess, fair comment, no probs! I will leave default and stick with 1% for now, been a mixed bag this week, using a lot of munual intervention, different versions etc...I await v13 to continue, thanks for all your help.
  • #7,583
  • Edited 3:30pm Feb 21, 2016 3:18pm | Edited 3:30pm
Quoting swissjohn
Thanks Jess for your reply. The download for the price action template is not on the first page, only the freebie system. I don't like that system (freebie system) as the Heiken Ashi candles cover the price action candles so you can't see how the candles are forming. Your explanation of the EA was awesome look forward to your video of how to set it up. Thanks, John.
swissjohn:
Look at pg 2. In one of the posts Dredding eludes to two approaches with this system. One is the Newbie approach by where the HA candles provide the color signal and the other is the PA trader approach, which eludes to the trader having experience with detection of candle patterns. The HA is also used in that second approach but now I understand why u want the indicator that had the separate HA window. You are correct the HA candle will cover up the PA and may make it difficult to see the pattern.

I didn't realize that Dredding did not include that indicator. Here's the indicator you were looking for.
Attached File(s)
File Type: ex4 Heiken_AshiH_sw_mtf.ex4   14 KB | 233 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,584
  • Feb 21, 2016 3:52pm Feb 21, 2016 3:52pm
When is the much sought after unveiling?
  • #7,585
  • Feb 21, 2016 3:53pm Feb 21, 2016 3:53pm
Quoting xmess7
{quote} swissjohn: Look at pg 2. In one of the posts Dredding eludes to two approaches with this system. One is the Newbie approach by where the HA candles provide the color signal and the other is the PA trader approach, which eludes to the trader having experience with detection of candle patterns. The HA is also used in that second approach but now I understand why u want the indicator that had the separate HA window. You are correct the HA candle will cover up the PA and may make it difficult to see the pattern. I didn't realize that Dredding...
what changes should i make if i want to use it on minute 5 tf only
There is only one way to learn. It’s through action.
  • #7,586
  • Feb 21, 2016 6:58pm Feb 21, 2016 6:58pm
Quoting mahfoozah
{quote} what changes should i make if i want to use it on minute 5 tf only
Nothing, just place the EA/Indicator on the TF u want to trade (M5 in this case). The EA or Indicator will work the same way etc etc

Now if YOU see that candle patterns are better than HA candles at the 5min then you will have the choice to pick that for the EA or indicator...

I am almost done... v13 is on it's way in a bit..
Our AWESOME IMAGINATION is the true holy grail!
  • #7,587
  • Feb 21, 2016 6:59pm Feb 21, 2016 6:59pm
Quoting keysharp
When is the much sought after unveiling?
LLOLOL sorry for the suspense.. you'll see why... nothing to do with the EA/indicator those are already done... it's the .... LOL you'll see
Our AWESOME IMAGINATION is the true holy grail!
  • #7,588
  • Feb 21, 2016 9:05pm Feb 21, 2016 9:05pm
V13 release

Folks:
Please down load the following files. Make sure to download thel need xm7_pivots_v2. The indicator and EA now use this indicator and without it you will get the wrong results. I've included the CandleStick Pattern indicator so you can use it to verify that the EA/Indicator are detecting patterns correctly.

Check the video out. I explain the new inputs and how they are used plus the new features that are incorporated into the EA. You'll find the first part of the video kinda blurry but I think it's legible, if you have problems let me know.

I do plan to make more videos with more information but if you have any requests please let me know.
As usual you can find all the updated files at http://xm7.info/ea/freebie/
Enjoy
Inserted Video
Attached File(s)
File Type: ex4 xm7_pivots_v2.ex4   28 KB | 230 downloads
File Type: ex4 CandlePatterns_xm7.ex4   77 KB | 236 downloads
File Type: ex4 xm7_Freebie_EA_v13.ex4   121 KB | 194 downloads
File Type: ex4 xm7_Freebie_Indicator_v11.ex4   131 KB | 203 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,589
  • Feb 22, 2016 1:47am Feb 22, 2016 1:47am
Xmess7 i'm loving the new EA. Thanks for all your hard work.
  • #7,590
  • Feb 22, 2016 2:46am Feb 22, 2016 2:46am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDecnM15.png Size: 29 KB


Having same problem as before with the trade closing as soon as it opened. Had a trade taken on EURUSD and it was treated as these on the attachment.
  • #7,591
  • Feb 22, 2016 4:13am Feb 22, 2016 4:13am
Quoting keysharp
{image} Having same problem as before with the trade closing as soon as it opened. Had a trade taken on EURUSD and it was treated as these on the attachment.
I'm having the same issue all of a sudden
  • #7,592
  • Feb 22, 2016 6:32am Feb 22, 2016 6:32am
Went to the 1H time frame and AUDUSD took a trade Long with the yellow dot above that was about 3:30 AM EST and the trade is still avtive, gonna see how things go.
  • #7,593
  • Feb 22, 2016 6:51am Feb 22, 2016 6:51am
Quoting keysharp
Went to the 1H time frame and AUDUSD took a trade Long with the yellow dot above that was about 3:30 AM EST and the trade is still avtive, gonna see how things go.

what r the lotsizes for both cases u mention??
Ditto checkz
Our AWESOME IMAGINATION is the true holy grail!
  • #7,594
  • Feb 22, 2016 6:57am Feb 22, 2016 6:57am
The EURUSD was .02 and the AUSUSD were .01
  • #7,595
  • Feb 22, 2016 7:09am Feb 22, 2016 7:09am
v13 First Results

inputs: all default, except close xPercent lots =50, RiskPercent=3, Weeky profit Percent stop=50
Pairs: Eursd, gbpusd, aususd, euraud

Got a runner and also have AUDUSD as long.
EURAUD was also a possible runner but dueoto use of minimum lotsize was stopped out twice at target profit. Will explain more later when awake...
back to bed for me LOL
Attached Image (click to enlarge)
Click to Enlarge Name: freebie_v13_1st result.jpg Size: 128 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,596
  • Feb 22, 2016 7:27am Feb 22, 2016 7:27am
Quoting keysharp
The EURUSD was .02 and the AUSUSD were .01
Keysharp:

Just wanted to note that if 0.01 is the minimum lotsize for your broker that the trade will close at target profit. That happened to me twice on EURAUD,

As for the closures. if you want send me the log and I can calculate the percent drop. looking at the AUDUSD chart it seems that the EA did it's job cause if u notice all the trades were at a loss that Looks like it meets the 20% range of SL. If this is the case then I may need to increase the buffer to a higher value. BTW what candle formation due u have the EA looking for?

Here are the screen shots of the AUDUSD trade I have and the EURAUD trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: freebie_AUDUSD_EAv13.jpg Size: 125 KB
Click to Enlarge Name: freebie_EURAUD_EAv13.jpg Size: 134 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,597
  • Feb 22, 2016 7:32am Feb 22, 2016 7:32am
Quoting Checkz
Xmess7 i'm loving the new EA. Thanks for all your hard work.
Checkz:

Hold on buddy it is not over yet. Besides the only thnx I want to see is when YOU tell me that you took a $300 account and turned it into $300000 in 7 months.
LOL
Our AWESOME IMAGINATION is the true holy grail!
  • #7,598
  • Feb 22, 2016 8:15am Feb 22, 2016 8:15am
is there any way to make this work for alerts also i mean when these trend arrows occur alert gets triggered ? that would be awesome
Attached File(s)
File Type: ex4 ASCTrend1i.ex4   11 KB | 194 downloads
There is only one way to learn. It’s through action.
  • #7,599
  • Feb 22, 2016 9:55am Feb 22, 2016 9:55am
Quoting mahfoozah
is there any way to make this work for alerts also i mean when these trend arrows occur alert gets triggered ? that would be awesome {file}

mahfoozah:
LOL next time just ask for whatever feature you need. Of course there is a way, HEC if you want me too I can make the indicator start your car whenever the color of one of the bars changes LOL....

I thought they already had alerts on them, don't they? Anyhow, as soon as I get a chance I'll take a look and make any modifications.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,600
  • Feb 22, 2016 10:40am Feb 22, 2016 10:40am
Hi Jess,

I wanted to start the v13 version of the EA on my MT4 charts.
But on every currency pair I get this error message in my experts tab:

2016.02.22 17:36:28.747 xm7_Freebie_EA_v13 EURUSD,M15: zero divide in 'xm7_Freebie_EA_v13.mq4' (197,55)


Could there be a program error somewhere?
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