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Price Action Trading with Indicators! The Freebie System

  • #7,621
  • Feb 22, 2016 11:16pm Feb 22, 2016 11:16pm
Quoting xmess7
{quote} Yea is looks for any dot. The thing is that it looks like the 3sema indicator can be used to avoid bad trades.... it's another way of using it. Tell me how much have u lost?
The losses were small since i'm trading the 5 minute chart, I just was confused on why the trades were closing. Now I understand. I think so far I have lost about $9 or $10 dollars.
  • #7,622
  • Feb 22, 2016 11:51pm Feb 22, 2016 11:51pm
A LOOK AHEAD INTO THE FUTURE....

I know I am jumping ahead but please take a look at the H4 chart below. I am using the CADJPY as an example with xm7_pivot2 (input set to W1) and the 3sema dot indicator.

Now... if u look carefully. Alot of what you are seeing is pretty much set, no repaint can affect it much... why?? Cause the pivots lines are SET, they don't change.

This is a longer term trading approach for part of the style that Dredding provided. The conditions are these:

Failed pivot point with a 3sema dot hi or low. (the candle's hi or low can be as close as 1-7 pips from the pivot line).
The condition is checked at close of candle and if true TRADE is entered.
Trend can be included by trader. Trend is determined by EYES only LOL.
Once trade is in place. Stop is set above or below 3sema dot +/-20 pips (SL no greater than 70 pips), NO TP.
Opposite 3semadot condition is included to avoid larger losses.
BE is set at 70 pips. TP at discretion of trader.

Look at the signal candles I circled. How many losers do u see? How many winners?
Like I said alot of these are set cause the pivots DO NOT CHANGE.
Now with that said I did circle some candle where I think that a dot would of been.
Look those trades still look good.
Look at the number of entries per week
Look at the possible pips u can grab ....
Can u see how u can get from 100 to 300 pips ??

The idea is this. When we have this EA working decently against the brokers. We should have another EA that trades longer term... hec maybe even a D1 trade approach too. U see, if you have 2-3 approaches that are different, the broker will not be able to track what the hec you are doing.
One week you take 10% profit on a bunch of 15min trades then the next you take profit on 2 big ass trades.... Where is the pattern? If the broker is stop hunting how can they continue if one week yer stops are 10-30 pips and the next -30-70 pips or better 100-200 pips?

I know some of you have thought about. Give me your ideas... doubts.... I only SEE WINNERS... and very small LOSERS. I KNOW THIS I have been there... and I know YOU CAN BE THERE TOO.


PEACE
Attached Image (click to enlarge)
Click to Enlarge Name: FreeBie_LongTerm.jpg Size: 271 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,623
  • Feb 23, 2016 1:30am Feb 23, 2016 1:30am
Quoting xmess7
{quote} lakoenza: But of course my friend the error is at line 197, character 55 of the code. It says that the code is trying to do some math that involves dividing by 0 which as you know is infinity. Its an easy fix.. I'll check it out. But in the meantime try this. Hit F3 and remove all the information you will see in a window. These are called global variables. Then try to load the EA without changing the default values. Let me know if that did anything. EDIT: Forgot to mention. Make sure your account has a balance. if the balance is zero, like...
This seems to fix it... I am currently testing the EA on a demo account with $5000 balance. So there is room to trade.
I am trading the pairs: EURUSD, GBPUSD, EURJPY, USDJPY, GBPJPY, USDCHF, AUDUSD, GBPAUD, EURGBP, USDCAD

Small update, I have a nice runner on the EURJPY currently. Looking good so far.
  • #7,624
  • Feb 23, 2016 1:56am Feb 23, 2016 1:56am
V13 things I have noticed:

1) I've set my risk to 1% on a $5000 demo account but lotsize is 0.01.

2) The EA opened a sell trade for EURUSD:

2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15:

2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: Pivots for the period: Highest Pivot: 1.1225 Pivot: 1.1108 Lowest Pivot: 1.0988
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: === End Freebie EA Debug EURUSD 2016.02.23 09:15 ====
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:15 Found HA White Candle
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:15 Last 3sema dot value on M15 TF is: 1.1030
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:15 Failed pivot low - Long candle failed at pivot: 1.1029
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:15 Stock crossed Down
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:15 upper trend is Short
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: === Start Freebie EA Debug EURUSD 2016.02.23 09:15 ====
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15:


And closed it 15 minutes later for unclear reasons (at least for me)

2016.02.23 08:45:06.415 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:45: EURUSD Error in ModifyOrder(): SL/TP order modify failed with error(0)
2016.02.23 08:45:06.415 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:45: EURUSD Error in ModifyOrder(): SL = 3.1033 TP = -0.8981
2016.02.23 08:45:06.415 xm7_Freebie_EA_v13 EURUSD,M15: close #5214797 sell 0.01 EURUSD at 1.1026 at price 1.1029
2016.02.23 08:45:03.072 xm7_Freebie_EA_v13 EURUSD,M15: open #5214797 sell 0.01 EURUSD at 1.1026 ok

I have a hard time analysing why a trade is made or closed. Is there a MT4 template that I can use that will load all the necessary indicators on my chart?
That would help me making it visible for me.

Thanks.
  • #7,625
  • Feb 23, 2016 2:15am Feb 23, 2016 2:15am
Hi Jess, the 4h-D1 trading strategy sounds great and alternating is good idea…Your chart lokks very promising …keep up the great work dude!
  • #7,626
  • Feb 23, 2016 4:44am Feb 23, 2016 4:44am
Quoting xmess7
{quote} this one will work. i tested it. {file}
just trying to get a hold on this, please would you be good enough to tell me what does risk 6 means in this indicator ... i am trying to make changes in it and see what results...
There is only one way to learn. It’s through action.
  • #7,627
  • Feb 23, 2016 5:47am Feb 23, 2016 5:47am
Quoting lakoenza
{quote} This seems to fix it... I am currently testing the EA on a demo account with $5000 balance. So there is room to trade. I am trading the pairs: EURUSD, GBPUSD, EURJPY, USDJPY, GBPJPY, USDCHF, AUDUSD, GBPAUD, EURGBP, USDCAD Small update, I have a nice runner on the EURJPY currently. Looking good so far.
lakoenza:
Just be aware that a demo will only help you to determine if the EA has no errors and if it is trading according to rules. It's not the same as live ok?
Live is a total different BEAST. For example. Just right now I woke up and I saw EURAUD had no trade, when the indicator clearly showed that there was supposed to be a trade. So now I have to figure out what happened, why. etc etc
I would not doubt at all that if I was on demo the trade would of been taken and it would be in profit.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,628
  • Feb 23, 2016 5:51am Feb 23, 2016 5:51am
Quoting mahfoozah
{quote} just trying to get a hold on this, please would you be good enough to tell me what does risk 6 means in this indicator ... i am trying to make changes in it and see what results...
mahfoozah:
Sorry I have no idea. I have not studied the indicator to that depth. This indicator was a suggestion someone had provided when we were in the development stage for uptrend detection. In my case I decided not to use it, cause like the MTF_Heiken_Ash indicator it has too much lag in showing you trend conditions.

Our AWESOME IMAGINATION is the true holy grail!
  • #7,629
  • Feb 23, 2016 5:54am Feb 23, 2016 5:54am
Quoting Pazharris
Hi Jess, the 4h-D1 trading strategy sounds great and alternating is good ideaYour chart lokks very promising keep up the great work dude!
Yep, as soon as this is EA is working properly, I should have that one up and running. Good thing is that the code is ready for it since it is part of this EA. Plus we'll have all the kinks out. So it should not take long to make the EA.

The other neat thing about the higher TFs is you don't have to worry about spread, sliipage or for that matter news (to a certain extent). The only care u have is when do I place my trade...
Our AWESOME IMAGINATION is the true holy grail!
  • #7,630
  • Feb 23, 2016 6:08am Feb 23, 2016 6:08am
Quoting lakoenza
V13 things I have noticed: 1) I've set my risk to 1% on a $5000 demo account but lotsize is 0.01. 2) The EA opened a sell trade for ....
Thanks.
Ok here we go

1. What broker are u using?

2. show me more log info. show me what happens after the DEBUG statements (u have to go up on the log). There should be no trade on EURUSD cause the conditions failed. The reason I say there should be no trade is cause of this:
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: === End Freebie EA Debug EURUSD 2016.02.23 09:15 ====
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:15 Found HA White Candle (OK condition to buy)

2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:15 Last 3sema dot value on M15 TF is: 1.1030 (need to see chart to see if it was hi or low dot)

2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:15 Failed pivot low - Long candle failed at pivot: 1.1029 (OK condition to buy)
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:15 Stock crossed Down (NOT OK condition to buy)
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:15 upper trend is Short (NOT OK condition to buy)
2016.02.23 08:30:05.119 xm7_Freebie_EA_v13 EURUSD,M15: === Start Freebie EA Debug EURUSD 2016.02.23 09:15 ====

So right off the bat the EA saw two conditions that did not meet the pg1 criteria. NO TRADE should of happened at about 09:15.
Remember the DEBUG Lines are exactly what the EA SEES right before a possible trade is considered.
The DEBUG lines are always printed so we can see if all conditions are met or if they are not met.


3. Again show me more log info. In this case we should see DEBUG info BELOW this line:
2016.02.23 08:45:03.072 xm7_Freebie_EA_v13 EURUSD,M15: open #5214797 sell 0.01 EURUSD at 1.1026 ok

Now notice this line and u will see a big BAD ERROR lol:
2016.02.23 08:45:06.415 xm7_Freebie_EA_v13 EURUSD,M15: 2016.02.23 09:45: EURUSD Error in ModifyOrder(): SL = 3.1033 TP = -0.8981
See TP? ITs negative. As far as I know price cannot be a negative number LOL. It can only be positive. So to me this means that the EA is having math problems...
But I need to know if this was a valid trade, so we need to see the DEBUG print statements that show the conditions the EA saw BEFORE this trade happened.
Oh and the reason it closed it was (and I hope it was the EA) cause in the EA if the code see's that there is any error when starting a trade, it will automatically close the trade. This is to avoid a trade that may not be valid cause of an Error that the EA introduced or if the broker is messing around or whatever.

4. What are you Inputs? Default?


So we need log info, input info, and what broker u are using. Then we'll figure it out from there.

Our AWESOME IMAGINATION is the true holy grail!
  • #7,631
  • Feb 23, 2016 6:16am Feb 23, 2016 6:16am
Quoting mahfoozah
{quote} just trying to get a hold on this, please would you be good enough to tell me what does risk 6 means in this indicator ... i am trying to make changes in it and see what results...
ahan.. working pretty well for me... i am amazed at the results it does have flaws i m trying to avoid with the help of other indis.

Thanks man
There is only one way to learn. It’s through action.
  • #7,632
  • Feb 23, 2016 6:25am Feb 23, 2016 6:25am
UPdate on v13 progress

Broker: Oanda, Live account
Pairs: EURUSD, GBPUSD, AUDUSD, EURAUD
Inputs: All Default except: RiskPercent=3, Close xPercent Lots:50, Weekly Percent Profit Target: 50

I've got a runner and as you can see the account is up about 14%. I initially had the Weekly Percent Profit Target at 15% but when I saw yesterday that the account was already at 12%, I said screw it and raised the Weekly Percent Profit Target to 50%. I want to see how it performs. Remember back in Dec/Jan the big runs we had? We should see those RUNS again and many more times too. Anyhow you get the idea.

A couple of problems have appeared.
1. Two possible trades on EURAUD where not taken by the EA. The indicator shows arrows but the EA did nothing.
I looked at the logs and there was nothing mentioned about the EURAUD pair. Since I am working with a small account in the US I was thinking
perhaps I didn't have enough margin, but there was not indication on the logs about that. I need to figure out what happened. Will do a simulation later and investigate later on.

2. Two times, I noticed that the EA was taken off the GBPUSD chart. First time I saw this was yesterday and I thought that perhaps I had taken it off by mistake as I was adjusting inputs, but now today it happened again and this time I know for sure that I DID NOT TOUCH IT. So, perhaps need to do an indicator that monitors if the EAs are active LOL... dang brokers!! LOL. Or just simply use a copier as I have mentioned.


Here's the chart, Enjoy and let me know what your conditions are, especially if u are having any problems.
Attached Image (click to enlarge)
Click to Enlarge Name: Freebe_v13_update.jpg Size: 259 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #7,633
  • Edited 9:21pm Feb 23, 2016 6:46am | Edited 9:21pm
Minor fix on v13

Due to a zero divide error that was noticed earlier. I made a fix for that. It's minor. This only happens if you are trying to use the EA on an account
that has no balance (Like a new live account that is not funded). The temporary work around is to hit F3, look for 'Freebie_initBal' and enter an amount.

This fixes that. If the EA detects that there is no account balance, it now tells you that it will use a temporary amount and that you can later update this with your actual balance.

Since this is minor I did not change the version.

As usual all up to date files can be found at http://xm7.info/ea/freebie
Our AWESOME IMAGINATION is the true holy grail!
  • #7,634
  • Feb 23, 2016 10:38am Feb 23, 2016 10:38am
Quoting mahfoozah
{quote} ahan.. working pretty well for me... i am amazed at the results it does have flaws i m trying to avoid with the help of other indis. Thanks man
Show us the secret oh Great SWAMI!!
Our AWESOME IMAGINATION is the true holy grail!
  • #7,635
  • Edited 7:36pm Feb 23, 2016 5:00pm | Edited 7:36pm
2016.02.23 16:45:04.162 xm7_Freebie_EA_v13 AUDUSDecn,M15: 2016.02.23 21:45: AUDUSDecn Error in ModifyOrder(): SL/TP order modify failed with error(0)
got this message when trade was closed for no reason probably because there was no SL or TP.
This has happened twice.
  • #7,636
  • Feb 23, 2016 7:35pm Feb 23, 2016 7:35pm
Quoting xmess7
{quote} Show us the secret oh Great SWAMI!!
lols .... i am still learning i ll share secret with you soon enough iA
There is only one way to learn. It’s through action.
  • #7,637
  • Feb 23, 2016 9:18pm Feb 23, 2016 9:18pm
Quoting keysharp
2016.02.23 16:45:04.162 xm7_Freebie_EA_v13 AUDUSDecn,M15: 2016.02.23 21:45: AUDUSDecn Error in ModifyOrder(): SL/TP order modify failed with error(0) got this message when trade was closed for no reason probably because there was no SL or TP. This has happened twice.
Notice the error ==> error(0)
Zero, there is no code for that..

Send me the log.. all of it. I need to fix this. Was the trade closed properly or cause of the error?
I have it coded that if the modification is not successful the trade is closed, this is to avoid trades that are not supposed to happen.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,638
  • Feb 23, 2016 9:20pm Feb 23, 2016 9:20pm
Update on v13.

Again very minor update. This basically fixes an initial condition that I forgot to set. It's for when the EA starts up. The affect is minimal cause once the EA is running and there is a period change then the EA is not affected by it.

NO need to change version for this one... here's update.
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v13.ex4   121 KB | 139 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,639
  • Feb 24, 2016 12:56am Feb 24, 2016 12:56am
Speed fix to Indicator v11.

I improved the speed of this indicator. It's loads fairly quickly even if you select greater than 15 periods.

The version you already have does work HOWEVER it can slow down your machine on initial load and it will remove the pivot lines.
This one does not slow down the computer and leaves the pivot lines on the screen.
Attached File(s)
File Type: ex4 xm7_Freebie_Indicator_v11.ex4   131 KB | 176 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,640
  • Feb 24, 2016 1:15am Feb 24, 2016 1:15am
Quoting xmess7
Minor update to Indicator v11. Nothing major, so I did not change the version number. You will notice that sometimes the indicator is off a bit when compared to entry with EA v13. This small fix will help to align both .... {file}
Thank you for the fix
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