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Price Action Trading with Indicators! The Freebie System

  • #7,921
  • Mar 15, 2016 11:51pm Mar 15, 2016 11:51pm
Quoting pp22
{quote} Here are two charts, the AUDUSD chart has 3 entries, the first was with default settings, the second was 20ema and 1to1 and the third is still open and 20ema 1to1 The EURUSD has 2 entries, the first was default settings and the second was closed at BE with 20ema and 1to1 (if id have left 2to1 itd still be open in the profit) I am using Oanda live. {image} {image}
Sorry can't help it LOL.

See that 1st trade on the AUDUSD. Looks like the Average Daily range was near so if the EA was told to it would not of taken the trade cause there was not enough room for the trade to move against that upper Average Daily range.


zzzzzzzzzzzz
Our AWESOME IMAGINATION is the true holy grail!
  • #7,922
  • Mar 16, 2016 1:43am Mar 16, 2016 1:43am
Quoting xmess7
{quote} Sorry can't help it LOL. See that 1st trade on the AUDUSD. Looks like the Average Daily range was near so if the EA was told to it would not of taken the trade cause there was not enough room for the trade to move against that upper Average Daily range. zzzzzzzzzzzz
Thats true too

But depends on how it plots s/r
I know im probably making the charts fit what I want it to say but if its true that old supports can become new resistances and if youd have plotted a support line back in april and that support would now be acting as a resistance then with the 3 sema and zigzag on top we would only have been looking to short the AUD/USD where I was entering long. Would have been a really good trade off the H4 too. But can this be spotted in real time without many losses.
  • #7,923
  • Mar 16, 2016 8:32am Mar 16, 2016 8:32am
Jess, I suppose when things don't work out then one needs to read and reread Dredding until he is understood. The chart is with Ashi candles and shows where a trade is taken when you have repainting. The pair took the trades correctly under the regular candles but with the Ashi the trade was wrong. So, the entry must be at the ZZ and Dot when you get the right color Ashi candle. In this case should have waited for a red candle.
Attached Image
  • #7,924
  • Mar 16, 2016 8:34am Mar 16, 2016 8:34am
Here is another example in the opposite direction
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  • #7,925
  • Mar 16, 2016 8:37am Mar 16, 2016 8:37am
Yes Heiken Ashi candles are a must its one of the non repaint indicators which makes this system work....the reason for it is why this system works in trending and ranging markets....which makes it a COMPLETE system lol
This is a statement that Dredding wrote, on the second page of this thread. I think we need to go with it and I am changing all of my charts to it.
  • #7,926
  • Edited 10:03am Mar 16, 2016 8:45am | Edited 10:03am
Here is an example of the EA being out of step (in my opinion) actually the indicator.
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  • #7,927
  • Mar 16, 2016 10:07am Mar 16, 2016 10:07am
Yep that is what I saw during my test runs. A lot of that type of activity. I was thinking that perhaps on the higher TFs we juet might get a chance to close some trades that could be in profit befire they webt into a loss.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,928
  • Mar 16, 2016 10:10am Mar 16, 2016 10:10am
Here is an example of a possible buy. The ZZ and Yellow dot are in place a green ashi has appeared, if it closes and the stoch is up then we have a winner. Personally I hope it saves my two previous trades.
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  • #7,929
  • Mar 16, 2016 10:16am Mar 16, 2016 10:16am
Here is a pic of a 4hr chartshowing where a trade was rightly taken but the PA moved and put the trade in a loss. The Ashi would not have allowed the trade. Yes this morning I finally got trades on the higher than 1hr time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 24 KB
  • #7,930
  • Mar 16, 2016 11:16am Mar 16, 2016 11:16am
Ok, we have two up candles after the fail, I went long and am waiting for the ZZ and color to show me where to take profit.
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  • #7,931
  • Mar 16, 2016 11:37am Mar 16, 2016 11:37am
Pending orders may do the trick too. Just eliminate the last pending order as a new pending order happens
Our AWESOME IMAGINATION is the true holy grail!
  • #7,932
  • Mar 16, 2016 11:50am Mar 16, 2016 11:50am
Jess, you are speaking Greek again! Lol
  • #7,933
  • Mar 16, 2016 12:07pm Mar 16, 2016 12:07pm
Here is the chart of GBPUSD with the indi set for HA candles. This is distinctly different from post 7923. if the ea takes the trade we know it works.
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  • #7,934
  • Mar 16, 2016 2:19pm Mar 16, 2016 2:19pm
John:
Its caled speaking thumbs and in a rush lol
I think I eliminated the ha candls on the EA and not the indi. Thats why u see a menu option on the indi and not the EA.No problrm the EA still has all that, just need to unhide it....Ahh yess lunch time.... I can at least thunb my way thru lol
Our AWESOME IMAGINATION is the true holy grail!
  • #7,935
  • Mar 16, 2016 2:33pm Mar 16, 2016 2:33pm
No rush Jess, after the Fed minutes made some money. But after the profit trades were closed the EA gave me 5 more trades. So I'll just wait and see. Whenever you can activate the HA on the EA it would be nice.
  • #7,936
  • Mar 16, 2016 9:11pm Mar 16, 2016 9:11pm
John:
It's a little bit like tinkering with a watch when you are seeing your desktop on a smartphone. LOL. You zoom in and out and use your thumbs but with patience you get things done... so voala... Attached is the EA with the HA candles uncovered.


TO say the truth at the moment I have NO idea WHY there are even any ARROWS on the indicator when you selected HA candles cause the code is basically setup to ONLY produce an ARROW or Trade when the 3 conditions are met. Those being 3sema, ZigZag, and failed pivot, that's it! But somehow, and I will find out, the indicator is producing the potential arrows.. the EA is coded in the same fashion so, lets see if they follow each other (indicator and EA).

Oh one more thing, No stoch crossing are involved....
Attached File(s)
File Type: ex4 xm7_Freebie3C_EA_v0.ex4   84 KB | 169 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,937
  • Mar 17, 2016 11:30am Mar 17, 2016 11:30am
Ok, here is more learning. This chart shows anup arrow followed by a green candle. It could be said that this candle is bull engulfing, (as I see it) therefore the trade should be taken, as it was. The red arrows thereafter are taken when the 3sema was on top with the ZZ, however the candle did not change color nor was there an engulfing bull candle. So the short trade should not have been made. It seems as though the engulfing candle has to be the one that changes color, as in the red arrow before the green.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 23 KB
  • #7,938
  • Mar 17, 2016 1:33pm Mar 17, 2016 1:33pm
Quoting keysharp
Ok, here is more learning. This chart shows anup arrow followed by a green candle. It could be said that this candle is bull engulfing, (as I see it) therefore the trade should be taken, as it was. The red arrows thereafter are taken when the 3sema was on top with the ZZ, however the candle did not change color nor was there an engulfing bull candle. So the short trade should not have been made. It seems as though the engulfing candle has to be the one that changes color, as in the red arrow before the green. {image}
As long as there was no repainting going on with those green candles after each red arrow.
  • #7,939
  • Mar 17, 2016 2:31pm Mar 17, 2016 2:31pm
folks:
It's me Mr thumbs again! I was just told that I forgot to show the menu items for Candles.
So with my trusty thumbs I coded it to be so and I also added some minor corrections to the indicator.

So here we go again....
Attached File(s)
File Type: ex4 xm7_Freebie3C_Indicator.ex4   131 KB | 194 downloads
File Type: ex4 xm7_Freebie3C_EA_v0.ex4   85 KB | 153 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #7,940
  • Mar 17, 2016 2:33pm Mar 17, 2016 2:33pm
Quoting keysharp
Ok, here is more learning. This chart shows anup arrow followed by a green candle. It could be said that this candle is bull engulfing, (as I see it) therefore the trade should be taken, as it was. The red arrows thereafter are taken when the 3sema was on top with the ZZ, however the candle did not change color nor was there an engulfing bull candle. So the short trade should not have been made. It seems as though the engulfing candle has to be the one that changes color, as in the red arrow before the green. {image}
John:
When u mention engulfing should that mean that the red HA candle engulfs the white HA candle? This is versus looking at the regular candles
Our AWESOME IMAGINATION is the true holy grail!
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