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Price Action Trading with Indicators! The Freebie System

  • #8,141
  • Apr 24, 2016 1:35am Apr 24, 2016 1:35am
Quoting xmess7
{quote} Sathis: Welcome. Boloso is actually from another thread that the originator (Dredding started). http://www.forexfactory.com/showthread.php?t=308231 Just read pages 1-3 on that thread, 1st page has the rules and the other pages are just for u to see examples. I have not coded the entire scheme of Boloso, so despite it lacking the rest of the rules it has done very well. The other 2 EAs are part of this thread. The freebie EA v17 I think (LOL) is the last version based on Dreddings original idea. Freebie 3C v7 (i think) is a variation...
Thanksmuch Xmess ...Spending your time & explaining in detail with care ...appreciate it.!!!

Can you tell me which time frame this EA works better and how many trades we can expect daily ..approximately ?

Thanks, Sathis
  • #8,142
  • Apr 24, 2016 3:06am Apr 24, 2016 3:06am
Quoting xmess7
UPDATES to all EAs and Indicators Main updates: 1. Corrected TakeProfit. When SetBE_KeepTP Freebie EA will now keep the tarket profit at the TP u indicated. 2. Corrected Trailing stop increment. Both EAs will now increment the stop by the indicated step instead of incrementing it continually and should be after BE is set. 3. Added a NoPivot item. If you select Pivots=NoPivots well you are a dare devil LOL!! This is particularly interesting when dealing with the 3C EA, experiment. 4. Added a WeeklyProfitSetBE input. If u set this input (>0) the EA...
Yes! Thank you for this update!
A few question, please.
When you say "Experiment", what exactly are we looking for here? I mean, the pivots are supposed to be an essential part of the strategy, no?
And I would like for you to add a J/TS for the profit, you've already implemented the BE+LOCK so, I feel this is the next step, if you have the time and willingness.
That way, we could forget about the Weekly Percentage and still keep our profits at either BE+LOCK or J/TS, even if it means less profits, it would allow for some runners at times.


I do hope you are feeling better.
  • #8,143
  • Edited 1:01pm Apr 24, 2016 12:31pm | Edited 1:01pm
Quoting Sathis
{quote} Thanksmuch Xmess ...Spending your time & explaining in detail with care ...appreciate it.!!! Can you tell me which time frame this EA works better and how many trades we can expect daily ..approximately ? Thanks, Sathis
15min TF is what Dredding started to use. So I personally have been using that for my testing. The EAs can be used in any TF. So you can pick the TF that best suites you. That I know of so far there hasn't been a TF that provides an advantage. Oh, don't expect many trades with Boloso. In the last 2 weeks I have had 5-6 trades on each account (testing is on 2 accounts).

Boloso is not complete. Right now what it does is sets one pending order after it finds the conditions and checks that they are valid. That pending order remains open until either you cancel it or until after a trade has been finished. The way it is right now, to me, it resembles like a long term breakout strategy.

Let me explain a little the idea.. You run the EA and let it do it's thing. Once you see a pending order then take a look at the probable point where it can be filled or u can wait till it does get filled. Then base your decision to keep trade open by looking at the longer term trend, 4H zeroLog slope, slope, support/resistance areas etc etc. I usually just look at the zeroLag slope and longer term trend. The decision takes a couple of minutes. So I either leave it alone or close/cancel the pending order. So far I have not had to close any of the trades and by Tuesday, just before NY opens, the trades have hit target profit.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,144
  • Apr 24, 2016 12:48pm Apr 24, 2016 12:48pm
Quoting Reamasesa
{quote} Yes! Thank you for this update! A few question, please. When you say "Experiment", what exactly are we looking for here? I mean, the pivots are supposed to be an essential part of the strategy, no? And I would like for you to add a J/TS for the profit, you've already implemented the BE+LOCK so, I feel this is the next step, if you have the time and willingness. That way, we could forget about the Weekly Percentage and still keep our profits at either BE+LOCK or J/TS, even if it means less profits, it would allow for some runners at times....

Reamasesa: Thank you for considering my health. I am great, it was just a matter of a little rest.

Just to be clear, you mean that the EA should have a Trailing Profit stop vs having the static one it has now?

I went ahead and added the NoPivot option so folks could flip it on or off to experiment with. In reality I meant to keep it on the 3C version cause it had been brought to my attention that their may be an advantage. Anyhow, to keep things uniform I went ahead and added the option to both EAs.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,145
  • Edited Apr 25, 2016 12:06am Apr 24, 2016 1:28pm | Edited Apr 25, 2016 12:06am
Alright UPdate to UPDATES lol.

I re-examined the WeekProfitSetBE logic and it would not of worked. So I added the appropriate logic and now this input should provide the EA with the ability to
set a Break Even Profit value that will be monitored against the total (open/closed trades) profit for the week. I removed the files from the previous post and have placed the updates here. As usual all up to date files can be found at http://xm7.info/ea/freebie

AH YESS!! I had to correct the profit report for the EA. If u are here just go to
http://www.forexfactory.com/showthre...17#post8890717

There u will find the updated files and much more....
Our AWESOME IMAGINATION is the true holy grail!
  • #8,146
  • Apr 24, 2016 6:22pm Apr 24, 2016 6:22pm
And so the WEEK has started. The EAs are not active yet, it's Sunday and the EAs do ignore the day. But since I left the several 3C trades open over the weekend I had to set BE to some of them manually. I set them to BE cause the condition had been met.

These open trades were left open cause I had messed up the sequence last week. Lets see if these runners (BE with no TakeProfit) grow into something that will help me recover what I lost last week. If not... then we'll just start all over.

6 Charts below. 3 pairs for Oanda and 3 Pairs for Tallinex.
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Our AWESOME IMAGINATION is the true holy grail!
  • #8,147
  • Apr 24, 2016 7:49pm Apr 24, 2016 7:49pm
Ok Jess, I am envious now. How did you get those trades on Tallinex? I did not get them. Either that or I cut them short. but anyway - I am experiencing on live account a problem where a trade closes out immediately after entering and I get the 2016.04.24 18:20:08.979 xm7_Freebie3C_EA_v9 NZDUSD!,M15: 2016.04.25 01:20: NZDUSD! Error in ModifyOrder(): SL/TP order modify failed with error(0)
message. I am not really complaining because the trades were going in the wrong direction. Is this a broker problem? This broker is Forexbrokerinc. Tallinex does not give me the problem.
  • #8,148
  • Apr 24, 2016 10:50pm Apr 24, 2016 10:50pm
Quoting xmess7
{quote} 15min TF is what Dredding started to use. So I personally have been using that for my testing. The EAs can be used in any TF. So you can pick the TF that best suites you. That I know of so far there hasn't been a TF that provides an advantage. Oh, don't expect many trades with Boloso. In the last 2 weeks I have had 5-6 trades on each account (testing is on 2 accounts). Boloso is not complete. Right now what it does is sets one pending order after it finds the conditions and checks that they are valid. That pending order remains open until...
Xmess, Iam unable to load the 3C indicator and EA since it automatically removed and shows the error msg as below.. pls advise.
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  • #8,149
  • Apr 24, 2016 11:48pm Apr 24, 2016 11:48pm
Quoting keysharp
Ok Jess, I am envious now. How did you get those trades on Tallinex? I did not get them. Either that or I cut them short. but anyway - I am experiencing on live account a problem where a trade closes out immediately after entering and I get the 2016.04.24 18:20:08.979 xm7_Freebie3C_EA_v9 NZDUSD!,M15: 2016.04.25 01:20: NZDUSD! Error in ModifyOrder(): SL/TP order modify failed with error(0) message. I am not really complaining because the trades were going in the wrong direction. Is this a broker problem? This broker is Forexbrokerinc. Tallinex does...
keysharp:
John:
I'll need to look into that. I'll setup the broker myself (Forexbrokerinc). Those look like legit errors. Tell me this did the EA also report that it tried 10 times or do u see something like error modify 10 times? The EA is setup to try 10 times to place the SL and TP if it fails after the 10th try then it issues the error and it should tell you that it tried 10 times. The EA also does this when placing trades, same idea, try 10 times and if it fails on 10th then print the error and tries to the log.

Well those Tallinex trades ARE GONE! Damn EA is programmed so perfectly (LOL just being pretentious LOL) that it remembered that I had set a 13.1% weekly profit stop. The moment that Monday came up the EA closed all the trades and displayed that it had reached the weekly profit target and that it would not DO ANYTHING UNTIL NEXT FRICKEN SUNDAY HAHAH . Anyhow the solution was to change the WeeklyProfit input to 0. The EA is ready to take trades... but I'll need to manually close them when the next profit target is hit. Should be Tuesday right??

It may take me a couple of days to work on the error John. Tomorrow I take off to Ohio on business and well be gone most of the week. I'll have my laptop but more than likely my concentration will be on task I am working on.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,150
  • Apr 25, 2016 12:01am Apr 25, 2016 12:01am
Quoting Sathis
{quote} Xmess, Iam unable to load the 3C indicator and EA since it automatically removed and shows the error msg as below.. pls advise. {image}

Sathis:
Check to make sure u have "ALLOW DLLs" checked off. Let me know if after you verify that and are still having problems.

And in addition you see that -100% THAT IS TOTALLY OFF LOL. I just fixed that. It's doesn't affect trading or anything so if u guys don't need to see the status the profit the EA is producing then you can continue using the last version u uploaded.

Oh, I also added the boloso indicator this time. It's the same version as before, there has not been a need to change anything on it. but just for the sake of completeness I added this time.

In addition I am including the set files I use for Boloso and 3C.
Again I have changed the PercentRisk(2%) and the WeekleyPercentProfitTarget(5%) on those set files. But feel free to try higher values.
I use PercentRisk=5% and WeekleyPercentProfitTarget=13%, I eventually will increase these cause I am use to higher risk, right now it's just test time

So will I see another double digit profit week?
Will these be the 5th week in a row that this happens?
Stay tuned... it only gets better.....
(NOTE: I removed the files from all previous posts and have directed users to this post, so these are the latests)
Attached File(s)
File Type: ex4 xm7_Freebie_EA_v19.ex4   116 KB | 173 downloads
File Type: ex4 xm7_Freebie3C_EA_v9.ex4   108 KB | 184 downloads
File Type: ex4 xm7_FreebieBOLOSO_EA_v3.ex4   82 KB | 171 downloads
File Type: ex4 xm7_Freebie_Indicator_v19.ex4   127 KB | 216 downloads
File Type: ex4 xm7_Freebie3C_Indicator_v9.ex4   128 KB | 197 downloads
File Type: mq4 xm7_FreebieBOLOSO_Indicator_v2.mq4   56 KB | 204 downloads
File Type: zip Boloso_EA_5percent.zip   < 1 KB | 193 downloads
File Type: zip freebie3C_EA2percent.zip   < 1 KB | 203 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #8,151
  • Apr 25, 2016 12:14am Apr 25, 2016 12:14am
Quoting Sathis
{quote} Xmess, Iam unable to load the 3C indicator and EA since it automatically removed and shows the error msg as below.. pls advise. {image}
Sathis: I forgot to mention. The EAs (except Bosolo) will print to the EXPERT log several of the conditions it monitors BEFORE a trade is taken. This was done to check that the EA is actually looking at the right things. For example what is the color of the HA candle it found and did it find a high or low 3sema dot. Those conditions and any others as stipulated in page 1 of this thread are printed.

I invite you to do as others have done. Tweak the bastards until they give u signs of profit LOL.
One thing I have noticed is that these EAs will many times produce profit during the week. The trick is to determine the interval and then just take the profit and call it a week. Then start the process the next time again.

If you recall on remon's thread he mentioned an interval. He said something like "Notice that this happens between" and he indicated the hours. If during that hour or hours that EA is producing consistent profits, wouldn't it be logic to set our sights on that and just milk it?

So be on the look out. You just may find "mee pot of Gold". "mee" as in as if u are saying from yerself .. LOL
Our AWESOME IMAGINATION is the true holy grail!
  • #8,152
  • Apr 25, 2016 12:40am Apr 25, 2016 12:40am
Quoting xmess7
{quote} Sathis: Check to make sure u have "ALLOW DLLs" checked off. Let me know if after you verify that and are still having problems. And in addition you see that -100% THAT IS TOTALLY OFF LOL. I just fixed that. It's doesn't affect trading or anything so if u guys don't need to see the status the profit the EA is producing then you can continue using the last version u uploaded. Oh, I also added the boloso indicator this time. It's the same version as before, there has not been a need to change anything on it. but just for the sake of completeness...

Thanks Mess..Am all set now..i think...pls let me know otherwise..i have attched 3C EA in 7 pairs with different magic number in 15 min TF ...i hope there wont be any issue using multi pairs . Thank you

Approx how many trades i can expect per day in one pair ? ...guess is fine ..
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  • #8,153
  • Apr 25, 2016 12:44am Apr 25, 2016 12:44am
Quoting xmess7
{quote} Sathis: I forgot to mention. The EAs (except Bosolo) will print to the EXPERT log several of the conditions it monitors BEFORE a trade is taken. This was done to check that the EA is actually looking at the right things. For example what is the color of the HA candle it found and did it find a high or low 3sema dot. Those conditions and any others as stipulated in page 1 of this thread are printed. I invite you to do as others have done. Tweak the bastards until they give u signs of profit LOL. One thing I have noticed is that these EAs...

Mess am not using Boloso now ..Testing 3C now...

tell me which one is performing well...i think 3C takes more trades...so am interested to see how it works ..

Mes...can u brief about yourself...r u professional trader or doing it as part time..Just curious ?
  • #8,154
  • Apr 25, 2016 1:13am Apr 25, 2016 1:13am
Xmess...got a sell signal on EU ...but EA failed to open the position...pls suggest
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  • #8,155
  • Apr 25, 2016 1:22am Apr 25, 2016 1:22am
Quoting Sathis
Xmess...got a sell signal on EU ...but EA failed to open the position...pls suggest {image}
WOW this is a first. The EA did fine, even I got that trade on Oanda too. The error means:

Automated trading by Expert Advisors/Scripts disabled by trade server
Double check and make sure that your MT4 options allow expert advisors to trade.

Otherwise, the broker's server controls that. The only other way to proceed would be to talk to the broker.

Ya really want to know what I do?? Really?? LOL...

hmm maybe later I'll talk about that boring stuff..



I am off to bed. Got to catch a plane tomorrow early.... zoom zoom zoom...take-0ffff
Our AWESOME IMAGINATION is the true holy grail!
  • #8,156
  • Apr 25, 2016 1:34am Apr 25, 2016 1:34am
Quoting xmess7
{quote} WOW this is a first. The EA did fine, even I got that trade on Oanda too. The error means: Automated trading by Expert Advisors/Scripts disabled by trade server Double check and make sure that your MT4 options allow expert advisors to trade. Otherwise, the broker's server controls that. The only other way to proceed would be to talk to the broker. Ya really want to know what I do?? Really?? LOL... hmm maybe later I'll talk about that boring stuff.. I am off to bed. Got to catch a plane tomorrow early.... zoom zoom zoom...take-0ffff

ok..

LOL..hope u r not in mafia...and keeping it very confidential....jus joking LOL!!
  • #8,157
  • Apr 25, 2016 2:09am Apr 25, 2016 2:09am
Quoting Sathis
{quote} ok.. LOL..hope u r not in mafia...and keeping it very confidential....jus joking LOL!!
Damn could not help it,,

Sathis:
The reason behind the magicnumber is to group the trades by EA. in effect u r making each chart or pair its own... identity. No problem with that, but see that 2nd line that displays the profit for the ea? well in your case it will display the profit for the individual pair. Nothing wrong its just that u didn't have to change the magicnumber on each chart. no need to do all that work.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,158
  • Apr 25, 2016 3:10am Apr 25, 2016 3:10am
Quoting xmess7
{quote} Damn could not help it,, Sathis: The reason behind the magicnumber is to group the trades by EA. in effect u r making each chart or pair its own... identity. No problem with that, but see that 2nd line that displays the profit for the ea? well in your case it will display the profit for the individual pair. Nothing wrong its just that u didn't have to change the magicnumber on each chart. no need to do all that work.

Thanks Xmess...i changed the broker....i got 3 trades now...pls verify in your chart is those are proper trades...am using 15 min TF..let me know if iam wrong anywhere ..
Attached Image (click to enlarge)
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  • #8,159
  • Apr 25, 2016 3:11am Apr 25, 2016 3:11am
Quoting xmess7
{quote} Reamasesa: Thank you for considering my health. I am great, it was just a matter of a little rest. Just to be clear, you mean that the EA should have a Trailing Profit stop vs having the static one it has now? I went ahead and added the NoPivot option so folks could flip it on or off to experiment with. In reality I meant to keep it on the 3C version cause it had been brought to my attention that their may be an advantage. Anyhow, to keep things uniform I went ahead and added the option to both EAs.
Hi,

Yes, just like you're considering the profit BE, I suggest we have a trailing profit so we can just let the profit go to where it wants to go. But leave the "traditional" SL in place for those who wish to use them still.


On my platform, I didn't get any trades using the previous versions but now I see we have new ones, I'll throw them on my charts later on when I'm home again.



Thanks.
  • #8,160
  • Edited 7:36am Apr 25, 2016 4:14am | Edited 7:36am
18:20:01.428 xm7_Freebie3C_EA_v9 NZDUSD!,M15: modify #22796174 sell 5.00 NZDUSD! at 0.68576 sl: 0.69058 tp: 0.68076 ok
2 18:20:01.606 xm7_Freebie3C_EA_v9 NZDUSD!,M15: modify #22796174 sell 5.00 NZDUSD! at 0.68576 sl: 0.69054 tp: 0.68076 ok
2 18:20:01.828 xm7_Freebie3C_EA_v9 NZDUSD!,M15: modify #22796174 sell 5.00 NZDUSD! at 0.68576 sl: 0.69062 tp: 0.68076 ok
2 18:20:02.043 xm7_Freebie3C_EA_v9 NZDUSD!,M15: modify #22796174 sell 5.00 NZDUSD! at 0.68576 sl: 0.69057 tp: 0.68076 ok
2 18:20:02.290 xm7_Freebie3C_EA_v9 NZDUSD!,M15: modify #22796174 sell 5.00 NZDUSD! at 0.68576 sl: 0.69058 tp: 0.68076 ok
2 18:20:02.690 xm7_Freebie3C_EA_v9 NZDUSD!,M15: modify #22796174 sell 5.00 NZDUSD! at 0.68576 sl: 0.69053 tp: 0.68076 ok
2 18:20:03.128 xm7_Freebie3C_EA_v9 NZDUSD!,M15: modify #22796174 sell 5.00 NZDUSD! at 0.68576 sl: 0.69058 tp: 0.68076 ok
2 18:20:03.328 xm7_Freebie3C_EA_v9 NZDUSD!,M15: modify #22796174 sell 5.00 NZDUSD! at 0.68576 sl: 0.69067 tp: 0.68076 ok
2 18:20:03.575 xm7_Freebie3C_EA_v9 NZDUSD!,M15: modify #22796174 sell 5.00 NZDUSD! at 0.68576 sl: 0.69061 tp: 0.68076 ok
2 18:20:04.861 xm7_Freebie3C_EA_v9 NZDUSD!,M15: modify #22796174 sell 5.00 NZDUSD! at 0.68576 sl: 0.69065 tp: 0.68076 ok
2 18:20:08.979 xm7_Freebie3C_EA_v9 NZDUSD!,M15: close #22796174 sell 5.00 NZDUSD! at 0.68576 sl: 0.69065 tp: 0.68076 at price 0.68626
0 18:20:08.979 xm7_Freebie3C_EA_v9 NZDUSD!,M15: 2016.04.25 01:20: NZDUSD! Error in ModifyOrder(): SL = 0.69065 TP = 0.68076
0 18:20:08.979 xm7_Freebie3C_EA_v9 NZDUSD!,M15: 2016.04.25 01:20: NZDUSD! Error in ModifyOrder(): SL/TP order modify failed with error(0)
0 Jess, This is from the report and the EA tried to modify 13 times. my SL is 500, TP is 50
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