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Price Action Trading with Indicators! The Freebie System

  • #8,101
  • Apr 18, 2016 2:28am Apr 18, 2016 2:28am
Quoting antodedo
{quote} the zigzag is all about trend direction , its so easy to see the trend with zigzag , its like showing a stair to a child he will tell you if it is going up or down . i think we should have a skype conversation , to explain you better what i mean , the success to determine it for me is almost 99% CHEERS
@antodedo can you explain this more. do you mean that when the zigzag is on top of candle we have up trend and vice versa or do you mean when it is up we expect a reversal that is exhaustion of the up trend.
  • #8,102
  • Apr 18, 2016 5:55am Apr 18, 2016 5:55am
Finally, with the latest updates, both EAs started trading again if I use the ZeroLag.
Thanks.
However, when I place the indicators (both 3C and BOLOSO), my MT4 terminal freezes and I have to restart it without the indicators attached.
Oh, and thanks for the changed user comment, it really helps.


Thanks again.
  • #8,103
  • Apr 18, 2016 8:52am Apr 18, 2016 8:52am
Started the week rough. For MM sake I am setting my trade size to set lots rather than % of risk. I did a 5% and promptly got a .17 lot on my live account and ended with a stop loss of about $52. Then another hit with .16 lot and now I am nursing this trade along just to try to minimize the loss since it is in drawdown. So my lot size is .05. last week it was a .04. If all goes well it will be .06 next week.

Well lost the other large lot trade. another 52 down the drain. Should have had the TP at break even.
  • #8,104
  • Apr 18, 2016 12:19pm Apr 18, 2016 12:19pm
Quoting keysharp
Started the week rough. For MM sake I am setting my trade size to set lots rather than % of risk. I did a 5% and promptly got a .17 lot on my live account and ended with a stop loss of about $52. Then another hit with .16 lot and now I am nursing this trade along just to try to minimize the loss since it is in drawdown. So my lot size is .05. last week it was a .04. If all goes well it will be .06 next week. Well lost the other large lot trade. another 52 down the drain. Should have had the TP at break even.

John:
hang in there, once I add this zeroLag thing, that should help avoid those types of trades.
Try this. Slap on the MTF zeroLag (H4) on a 15 . Slap on the 3C indicator (UseAutoTrend=none), Pick like 20 periods, and then watch which 3C indicator arrows match with the zeroLag. You will see less trades, but the majority that were in stride seemed to be profitable. Of course during live session there may be more.
J
Our AWESOME IMAGINATION is the true holy grail!
  • #8,105
  • Apr 18, 2016 2:05pm Apr 18, 2016 2:05pm
Quoting xmess7
{quote} John: hang in there, once I add this zeroLag thing, that should help avoid those types of trades. Try this. Slap on the MTF zeroLag (H4) on a 15 . Slap on the 3C indicator (UseAutoTrend=none), Pick like 20 periods, and then watch which 3C indicator arrows match with the zeroLag. You will see less trades, but the majority that were in stride seemed to be profitable. Of course during live session there may be more. J
Actually the trades were not bad. The price just went contrary to all indicators. The second bad trade went into profit by close to 50% and I didn't have a BE set so I missed cutting my previous loss in half.

but I will try your suggestion.
  • #8,106
  • Apr 18, 2016 3:49pm Apr 18, 2016 3:49pm
Jess, I have the demo and another live account on manual and I have been using the PIVOT line or another line as Take Profit points. This has worked well and is closing many trades at TP.
  • #8,107
  • Apr 18, 2016 4:41pm Apr 18, 2016 4:41pm
Quoting keysharp
Jess, I have the demo and another live account on manual and I have been using the PIVOT line or another line as Take Profit points. This has worked well and is closing many trades at TP.
Good to know that pivots are viable targets.

I got a long entry on GBPUSD (Boloso EA). When I saw the trade it was up 32 pips, and zeroLag on H4 was in accordance with trade direction.
In addition on H4, I saw that the order was filled with a good impulsive long candle. I also see like a resistive zone a couple of pips higher (I didn't measure the distance). So with those 3 factors I will leave the trade alone.

AUDUSD is also getting close to the BUY STOP order. I can see that if it gets filled the zeroLag (H4) will clearly be in an upward slope, again another possible good trade.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,108
  • Apr 18, 2016 5:18pm Apr 18, 2016 5:18pm
Actually Jess, this is great with all these opportunities and possibilities, Why!! It's like gold panning in Dahlonaga, Ga
  • #8,109
  • Apr 18, 2016 5:48pm Apr 18, 2016 5:48pm
Quoting keysharp
Actually Jess, this is great with all these opportunities and possibilities, Why!! It's like gold panning in Dahlonaga, Ga
Guys:
For those of you that are experimenting with the MTF zeroLag. Please check to see that it does not repaint. I have not seen it do that yet, but lets make sure that it is stable, occasional repainting would be acceptable cause we can make up for those mistakes. But if you notice that it is constantly showing moments where the indi changes color couple of candles later, when initially it was showing something different, then that is concern.

Based on what I am seeing, the worse we should experience is a slight delay in signal change.

carry on.!

John:
Is that area still active? Or is it now a tourist thing?
I think what I would do is get some sonar/radar/infrared equipment. Get more info on the composition of gold. Find the elements that can be traced... put together the equipment and test it with some minerals. then SCAN HEC of those mountains and caves LOL.... Just brainstorming...
Our AWESOME IMAGINATION is the true holy grail!
  • #8,110
  • Edited 8:44pm Apr 18, 2016 7:13pm | Edited 8:44pm
Jess, Dahlonaga was the first american gold rush and it did not last very long. There are mines still there and some open pit mining is being done, Actually the prospects for Dahlonaga are very good but now it is a basically touristy spot. You can pan for a day and get your entrance fee back or maybe if lucky get a few hundred. But overall it is a good and fun experience. I sometimes when in the area buy a bucket of dirt take it home and pan the gold out. Out of three buckets I have accumulated about half an ounce. It is fun, and along with that I occasionally go to Franklin North Carolina and mine for rubies and sapphires. I have about one quart of sapphires that I have mined at this one mine. Can't cut them and the cost is too much to try and do something with them. So I have a lot of rough gems. It piques the interest of the ladies, so it is not a loss.

Jess, there are clubs that stake out claims. they can be joined and it is an experience.
  • #8,111
  • Apr 18, 2016 10:51pm Apr 18, 2016 10:51pm
Quoting keysharp
Jess, Dahlonaga was the first american gold rush and it did not last very long. There are mines still there and some open pit mining is being done, Actually the prospects for Dahlonaga are very good but now it is a basically touristy spot. You can pan for a day and get your entrance fee back or maybe if lucky get a few hundred. But overall it is a good and fun experience. I sometimes when in the area buy a bucket of dirt take it home and pan the gold out. Out of three buckets I have accumulated about half an ounce. It is fun, and along with that...
Interesting.. thnx for the info...
Do you see any of those shows.. on history... gold diggers or whatever they are called.
Alot of drama and stuff... do u think all that is just show??
Our AWESOME IMAGINATION is the true holy grail!
  • #8,112
  • Apr 18, 2016 10:55pm Apr 18, 2016 10:55pm
UPDATE.

I have fixed the zeroLag code, so now we can use it as a trend tool. Just select it from the drop down for UseAutoTrend
I also did a minor update to the #MTF_zeroLag indi.
Attached File(s)
File Type: ex4 xm7_Freebie_Indicator_v18.ex4   127 KB | 187 downloads
File Type: ex4 xm7_Freebie3C_Indicator_v8.ex4   128 KB | 175 downloads
File Type: ex4 xm7_FreebieBOLOSO_Indicator_v2.ex4   123 KB | 181 downloads
File Type: ex4 xm7_Freebie_EA_v18.ex4   114 KB | 153 downloads
File Type: ex4 xm7_Freebie3C_EA_v8.ex4   106 KB | 153 downloads
File Type: ex4 xm7_FreebieBOLOSO_EA_v2.ex4   80 KB | 173 downloads
File Type: ex4 #MTF_ZeroLag_xm7.ex4   8 KB | 230 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #8,113
  • Edited 8:46am Apr 19, 2016 6:15am | Edited 8:46am
Hi,

I'm very pleased with the recent versions of 3C and BOLOSO EAs, placed on M30 charts, they don't trade all that often but so far, they are looking quite good and I'm even thinking on placing them on my live account.
I'm trading EURUSD, GBPUSD and GBPJPY M30 for both 3C and BOLOSO.
I'm attaching my set files, they are nearly identical and are working very well for me.


Thanks!

[EDIT]
BOLOSO is on a roll today
Attached File(s)
File Type: txt 3c.txt   < 1 KB | 262 downloads
File Type: txt Boloso.txt   1 KB | 288 downloads
  • #8,114
  • Apr 19, 2016 8:47am Apr 19, 2016 8:47am
Boloso FXCM demo, Profiit status update

Folks:
This is the first fully automated Boloso operation. No Intevention! Although I was tempted when profit was at about 10% (weekly target is 13%).
Good results and it only took 2 trades. This is the 4th week in a row that we strike double digit profit.

This is the FXCM Demo account. Come Friday I will post the results of the rest of the Accounts.
If you are wondering my Oanda live account is at about 11.7%.

The EA will show the profit it stopped everything at and will also show the gain since the account was opened. IT will not do anything until next Sunday.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-04-19 06.40.19.jpg Size: 375 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #8,115
  • Edited 9:20am Apr 19, 2016 9:08am | Edited 9:20am
Oanda Live account just hit 13%. Done for the week.

Again no intervention, I just set the weekly input to 13% and let the EA do that for me. As u can see on the chart legend I still have a good way to go
before the account is back to its original amount (-63% down), but this is the 4th week that this approach hits double digit profit. It took only 2 trades to accomplish this. It's climbed back from -79% and it has increased from its bottom of $110 (that is a 71% increase in the last 4 weeks).

The only thing left to do is to wait to see how this approach handles the different market scenarios ranging, News announcements, etc.

In terms of the approach the EA is not complete. The EA should actually set both pending buy and short orders, plus it should also have like a trailing pending order whenever a trade gets into profit. I am going to be adding those things to the next versions but personally I will probably stay with this version cause its working and it is not broken (LOL).

The 3C demos accounts are just at about BE. I did a little too much intervening. I saw that If I had just let some of the trades alone that I would actually of been done Sunday nite with a 13% gain on both demo accounts. No biggy cause with the zeroLag added it should provide better trading opportunities in the weeks to come.,

3C is also working well and I am going to experiment by running both EAs on each pair (2 different charts of course). This way if Bosolo does not have a trade due to the pending order never being filled, 3C will do the job. Or vise versa if Bosolo has a trade, 3C does nothing.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-04-19 07.01.59.png Size: 90 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #8,116
  • Apr 19, 2016 9:27am Apr 19, 2016 9:27am
Quoting Reamasesa
Hi, I'm very pleased with the recent versions of 3C and BOLOSO EAs, placed on M30 charts, they don't trade all that often but so far, they are looking quite good and I'm even thinking on placing them on my live account. I'm trading EURUSD, GBPUSD and GBPJPY M30 for both 3C and BOLOSO. I'm attaching my set files, they are nearly identical and are working very well for me. Thanks! [EDIT] BOLOSO is on a roll today {file} {file}
Reamasesa:
Thnx for uploading the set files. Based on my observations, less is best. I see that you are experiencing just that. Have u noticed that you can literally see what may happen on a trade way before the pending order is triggered? I am referring to the Boloso trades. You can just about see that by the time price hits a pending order that the zeroLag will be in agreement. That gives some confidence to allow the trade to contine, when it does happen.

What you can do, you may of already done this, is to record the highest profit and loss that the EAs profit per week. Collect a couple of weeks and then u can get an average of each. Then in the EAs place the weekly profit target a something slightly lower than the average. This should provide u with a sort of automated approach.

Later on I will add the weekly loss for now that is dependent upon the individual trades and the trader themselves determining that it is time to stop trading.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,117
  • Apr 19, 2016 10:13am Apr 19, 2016 10:13am
Quoting xmess7
{quote} Reamasesa: Thnx for uploading the set files. Based on my observations, less is best. I see that you are experiencing just that. Have u noticed that you can literally see what may happen on a trade way before the pending order is triggered? I am referring to the Boloso trades. You can just about see that by the time price hits a pending order that the zeroLag will be in agreement. That gives some confidence to allow the trade to contine, when it does happen. What you can do, you may of already done this, is to record the highest profit and...
Hi,

Thanks. For the time being, I'm letting it run 24/5 without any intervention other than the SL/JTS.
There are no arrows" on my indicators, and I completely forgot to place the zerolag indicator on my charts. Ooops. As a matter of fact, I haven't quite understand how to transpose it properly without running a H4 chart side by side the M30 chart.

Also, if you could take a look at the attached screenshot, I was sure that the JTS only kicks in after BE+LOCK and it looks like it's kicking in way too soon, at least for my taste. I agree that this way it's cutting losses short but there's no room for the trade to breath.


Thanks for these EAs.
If they continue like this, they're going live next week.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.mM30.png Size: 23 KB
  • #8,118
  • Apr 19, 2016 10:44am Apr 19, 2016 10:44am
Quoting Reamasesa
{quote} Hi, Thanks. For the time being, I'm letting it run 24/5 without any intervention other than the SL/JTS. There are no arrows" on my indicators, and I completely forgot to place the zerolag indicator on my charts. Ooops. As a matter of fact, I haven't quite understand how to transpose it properly without running a H4 chart side by side the M30 chart. Also, if you could take a look at the attached screenshot, I was sure that the JTS only kicks in after BE+LOCK and it looks like it's kicking in way too soon, at least for my taste. I agree that...
Reamasesa:
You don't need the zeroLag on the chart or for that matter any other indicator on the chart. The Boloso EA already has it in its code. Just make sure u select UseAutoTrend=zeroLag.

No need to transpose anymore just plop the #MTF_zeroLag_xm7 on the chart. The default TF is H4, u can change that to any TF you want it to show.
I use it for visual, it gives me confidence when I see an order filled with an impulsive price move and with the zeroLag showing the corresponding color.

zeroLag is basically the measurement of the slop of price. So when price is moving with momentum the slope is not only showing the way but its steepness also kinda shows the strength of the move. What I see boloso doing is many times catching that momentum move and thereby giving us profit that we can either allow to continue or just close.

One thing u can do is set a larger pip distance for the TrailingStop to take effect. That way price has room to move. Otherwise what do u recommend?
Our AWESOME IMAGINATION is the true holy grail!
  • #8,119
  • Edited 12:45pm Apr 19, 2016 11:08am | Edited 12:45pm
Quoting xmess7
{quote} Reamasesa: You don't need the zeroLag on the chart or for that matter any other indicator on the chart. The Boloso EA already has it in its code. Just make sure u select UseAutoTrend=zeroLag. No need to transpose anymore just plop the #MTF_zeroLag_xm7 on the chart. The default TF is H4, u can change that to any TF you want it to show. I use it for visual, it gives me confidence when I see an order filled with an impulsive price move and with the zeroLag showing the corresponding color. zeroLag is basically the measurement of the slop of...
Hi,

Thanks for replying. I meant I didn't place the zerolag on my charts as a visual aid
I don't want to put a larger pip distance, what I have in my settings works and works well.
I think that if you use {BE/BE+LOCK}+JTS, the SL should only move once {BE/BE+LOCK} had been reached and than the JTS should kick in after distance had been reached, the JTS would than jump by "gap" or whatever the variable for the actual jump is.
If you only choose JTS, the SL should jump to 0 once the distance had been reached and jump every distance by "gap" or whatever the variable for the actual jump is.

[EDIT]
Also, if it's not much to ask, can the display only show the weekly balance profit related to the EA its related to? Between the BOLOSO and the 3C, there's a good 8.5% profit but I would like to know which gain what.
Thanks.
  • #8,120
  • Edited 6:51pm Apr 19, 2016 5:49pm | Edited 6:51pm
jUST CURIOUS. I have two computers going, so can I have the same pairs on each computer and have one EA on one and the other on the other? This is on Tallinex and a live account?
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