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Price Action Trading with Indicators! The Freebie System

  • #7,721
  • Mar 1, 2016 11:25pm Mar 1, 2016 11:25pm
Quoting Checkz
{quote} Xmess7 you can ignore my request I too believe in what this EA has the potential to produce. I downloaded the 13.3 version and will use it and If i want to take a trade against the rules I will just turn the EA off and take the trade manually.

Checkz:
No sweat. Just remind me once we are done with this EA and I'll put it together. I am curious....
Our AWESOME IMAGINATION is the true holy grail!
  • #7,722
  • Mar 1, 2016 11:32pm Mar 1, 2016 11:32pm
Quoting keysharp
{quote} Interesting idea. But isn't that a lagging indicator. Also I have trades in 1HR, 4Hr, and daily time frame and none of these have picked up the same trade all day today, so what is going to be the lead indicating platform? I still think the hourly is the best time frame and then you can shift to the 4 hr and daily time frame while adjusting the TP and SL. On a further thought, doesn't this equate to a signal service rather than an EA? But I guess the real reason for my thought is that I don't want to hang around the computer all day and...
keysharp:
Tell me, yer number of trades is down right? I mean like in the H1 TF how many trades on average are u getting per day? I favor less trades that's why I am asking.
Right now all the demos are starting to pick up cause of the AUDUSD and EURUSD runners but man there was alot of trades taken. So maybe H1 is the answer to get less trades and with good results.. etc etc etc.

Yep, I agree I don't want to be around the machine. I consider that one option is to allow the EA to take the trades and when you either get the time or if u have a set time, you go check to see what the EA did and then decide what to do with the trades. This is a possible scenario, I did this with another EA I have. You may be familiar with it, it's the FlyingBuddah approach from the Millipede thread. I took the idea and created an EA and used it on the H4. All it really did was take trades for me when I was not there. Then when I had the chance I would look and manually manage the trades or remove them. It did very well, but it was only a demo and you know that demos do tell lies LOL.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,723
  • Mar 1, 2016 11:34pm Mar 1, 2016 11:34pm
Quoting dallmanb
{quote} I'm with you brother! I'm going to test 13.4, and look at only trading in certain hours, like Paulus did!
dallmanb:
You know Dredding only favored the London hours and I think part of the NY hours. I am leaning more toward the London hours cause that is usually when my runners have started and in addition it always seems that when NY wakes up, it creates a BIG MESS.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,724
  • Mar 1, 2016 11:45pm Mar 1, 2016 11:45pm
Quoting Superpmf
Hey Jess..just checking to see if you got my PMs I sent you today?
Superpmf:
Dude I saw yer PMs. It's going to take sometime to digest them. Good stuff... thnx man. This is the kind of errors I want to see, so they can be fixed.
0 lots??? Man how did it even get that far? It's like it is all SCREWED up. Anyhow. I am starting to really consider just using a copier program. For whatever reasons the EA's logic just doesn't jive accross brokers. But before that let me look at what my demo is doing....
Our AWESOME IMAGINATION is the true holy grail!
  • #7,725
  • Mar 2, 2016 12:05am Mar 2, 2016 12:05am
Quoting dallmanb
I had an idea/question/wish list about the Indicator. It would be cool, if we could put the indicator on a chart, and you give it a list of pairs, and a list of Time Frames, and it would popup an alert and send an email with the pair, and the TF, and if I has a BUY or Sell. That would be especially nice for H1, H4 and D1. Thoughts?

Hey I have FXDD on the 15min. Is that how you have it also or are u using the H1?
Our AWESOME IMAGINATION is the true holy grail!
  • #7,726
  • Mar 2, 2016 12:06am Mar 2, 2016 12:06am
KeySharp:
What me to set the Tallinex demo to H1 or leave it at 15min?
Our AWESOME IMAGINATION is the true holy grail!
  • #7,727
  • Mar 2, 2016 12:20am Mar 2, 2016 12:20am
Keysharp. dallmanb chek yer PMs
Our AWESOME IMAGINATION is the true holy grail!
  • #7,728
  • Mar 2, 2016 12:32am Mar 2, 2016 12:32am
Thanjs, Jess. I will check out your fxcm demo soon. But, I just wanted to make sure that you agree with my assertions about the wrong pivots being looked at by the EA?
  • #7,729
  • Mar 2, 2016 12:46am Mar 2, 2016 12:46am
Quoting Superpmf
Thanjs, Jess. I will check out your fxcm demo soon. But, I just wanted to make sure that you agree with my assertions about the wrong pivots being looked at by the EA?
Superpmf:
I took a brief look, just at your message, have not seen the charts u provided. The message box has alot of messages LOL. So as soon as I get time I will look with a more detailed eye. I still need to look at the demos and all the trades to confirm that they match the indicator etc etc. So it will take me some time to go thru this stuff..

Thnx
Our AWESOME IMAGINATION is the true holy grail!
  • #7,730
  • Mar 2, 2016 12:52am Mar 2, 2016 12:52am
Guys real quick.

Here's an example of having small losers and then the runner. Plus, notice the number of attempts, smallll . That is what we need to work on,,, get those trade attempts down.

This is the Oanda demo account, I am using Candle=PatternsNoStochs. I like that it takes less trades and even better I like that it got in one candle earlier than the Oanda Live with that uses the HA candles.

On that note. On the live account alot of what would of been runners ended up as BEs. Funny thing is that on demo same trade, but NO BE!! Isn't that interesting??
I think I am going to add more to the STOP distance, the market and the broker are just too "active" when they see a STOP. It's like they get excited LOL.

CORRECTION: The 1st long trade on the upper left corner is actually a small loss not a BE.
Attached Image (click to enlarge)
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Our AWESOME IMAGINATION is the true holy grail!
  • #7,731
  • Mar 2, 2016 7:16am Mar 2, 2016 7:16am
I wonder if the M30 will be a happy medium between the M15 and the H1...?

Gonna test it now and see...
  • #7,732
  • Mar 2, 2016 7:29am Mar 2, 2016 7:29am
Quoting xmess7
KeySharp: What me to set the Tallinex demo to H1 or leave it at 15min?
Let's go with the 1 HR.
  • #7,733
  • Mar 2, 2016 7:41am Mar 2, 2016 7:41am
Here is a good example of something that should be made an allowance for. The first trade was a short and the ea recognized it had a lower dot and closed the trade. The following trade was a long but it was far from the previous close that it almost came in at the upper yellow dot. I closed the trade manually for pennies. What about the thought that when a trade is closed because of wrong direction, then an opposite trade is taken immediately?
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  • #7,734
  • Mar 2, 2016 8:09am Mar 2, 2016 8:09am
According to the 4Hr TF I should have left the long trade alone eventhough a yellow dot showed up above it and going to the
daily TF there is a confirmation for the continuation. So I will take a look at the two higher TF before deciding to close or run. Running would mean limiting the number of trades to be taken but the trade continuing gives a bigger return. By the way this is an addendum to the previous post.
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  • #7,735
  • Mar 2, 2016 9:43am Mar 2, 2016 9:43am
Isn't it amazing how time will tell you if you were wrong. I closed the long position early and missed out on what maybe a runner. Best to let the EA do it's job Lol.
Attached Image (click to enlarge)
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  • #7,736
  • Mar 2, 2016 10:14am Mar 2, 2016 10:14am
Quoting keysharp
Isn't it amazing how time will tell you if you were wrong. I closed the long position early and missed out on what maybe a runner. Best to let the EA do it's job Lol. {image}
keysharp:
Tell me about it. So far I my Live account is paying the price for the 2 times I closed the runners from last week.
Anyhow, this is why we need to concentrate on winning and not thinking about "what if" or "this is the right thing to do right now". Since we are dealing with future events all we can do is take the entries as we have dictated in whatever rules we established. Then no matter what if we are at the right place and the right time the trade will go in our favor, no matter if there is support/resistance or the your house is burning LOL. The trade will be profitable.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,737
  • Mar 2, 2016 10:49am Mar 2, 2016 10:49am
So true Jess. That trade topped out @1.408 and I closed out 1.401. That was a lot of pips lost.
  • #7,738
  • Mar 2, 2016 11:19am Mar 2, 2016 11:19am
Hey Jess...just got all your messages. Thank you.

I just looked in my Experts tab and did not see any entry for OpenTrendLine...where else would this info be posted?
  • #7,739
  • Mar 2, 2016 1:08pm Mar 2, 2016 1:08pm
EA placed a buy on the Eur/Usd so i'm going to go to bed so I don't close it to soon. Who knows it may become a runner.
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  • #7,740
  • Mar 2, 2016 2:12pm Mar 2, 2016 2:12pm
been a slow day. The 4Hr demo only picked up one trade (positive), the demo with daily TF had one manual trade and one EA trade and all positive. The hourly live account had 5 trades and only one was a loss.
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