Attachments: Price Action Trading with Indicators! The Freebie System

Price Action Trading with Indicators! The Freebie System

#8,181
Apr 27, 2016 7:35am Apr 27, 2016 7:35am

xmess7
Joined Nov 2008 | Status: Trader | 4,830 Posts

[quote=keysharp;8895475....,M15: 2016.04.24 21:00: USDJPYecn Error in CloseTrade(): EA tried 10 times but was not able to close Sell trade @ ebie3C_EA_v9 USDJPYecn,M15: 2016.04.24 21:00: USDJPYecn Error in ModifyOrder(): SL/TP order modify failed with error(4109) ....... = 108.852 Jess, this went on for 3 days.[/quote]

Thnx john, hmmmm this is strange, notice the error?? error(4109) means trade not allowed. this also affected it, in that it would not allow the trade to be closed. usually when that error shows up, that means that you don't have live trading allowed. Or allow DLLs is not checked off. John check those things out on both your options and on the tab settings when u activate the EA.

Let me know if u have all those things in order..
jess

Our AWESOME IMAGINATION is the true holy grail!

#8,182
Apr 27, 2016 8:10am Apr 27, 2016 8:10am

Sathis
| Joined Jan 2016 | Status: Trader | 89 Posts

Quoting xmess7

Disliked

{quote} Sath: Your done dude.. I just verified you where up like 15 cause u started on one post with 1023.64 and in that last image I saw 1181.84. Which had u at about 15.5%. Good job... This is what you will be seeing. You will see profit during the week and then the market will take it away. Then next week u will be up again and then as you stay in the game, the market will take it away again. Continue on and you'll see this pattern. So what does that tell you? It tells u that when u are in profit just take it. This is what I have seen and it's...

Ignored

Thank you Xmess..You know am very greedy in demo ..LOL..Let me see how this free trades end...now floating profit is 486..when it reached 300$ will close all trades until that its free run ..may acheive monthy target in this week

..lets seee....

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#8,183
Edited 12:13pm Apr 27, 2016 11:39am | Edited 12:13pm

xmess7
Joined Nov 2008 | Status: Trader | 4,830 Posts

Sath:
No problem. As long as u have a plan that's kewl. But remember pay attention to the profit swings. That way u can get an idea of how often profit happens and more or less when in the week. That way u can,take advantage of it.

By the way just out of curiosity which pairs?
EDIT: never mind

. I can see the pairs.

Our AWESOME IMAGINATION is the true holy grail!

#8,184
Apr 27, 2016 7:49pm Apr 27, 2016 7:49pm

xmess7
Joined Nov 2008 | Status: Trader | 4,830 Posts

UPDATE

Fixed trailing stop.

I verified it's operation on the strat testers. The EAs will now set a trailing stop every x pips in blocks, as set by the TrailingStep input.
For example if TrailingStep=40. Then when a trade moves +40 pips the stoploss will be moved and set to breakeven. The EAs will then wait for price to move from that point another 40 pips before moving the stoploss. So in essence the first time the EA looks for 40 pips, then after that the EA looks for 80 pips before it moves the stoploss up another 40 pips. The idea here is that this gives price more room to move. In the previous version the Ea would move the stoploss the instant the price moved 1 pip beyond 40. Thereby always having a 40 or less pip range for price to move.

If anyone prefers the previous approach let me know and I'll incorporated.

Attached File(s)

xm7_Freebie3C_EA_v10.ex4 109 KB | 188 downloads

xm7_Freebie_EA_v20.ex4 116 KB | 163 downloads

Our AWESOME IMAGINATION is the true holy grail!

#8,185
Apr 28, 2016 1:03am Apr 28, 2016 1:03am

Sathis
| Joined Jan 2016 | Status: Trader | 89 Posts

Quoting xmess7

Disliked

Sath: No problem. As long as u have a plan that's kewl. But remember pay attention to the profit swings. That way u can get an idea of how often profit happens and more or less when in the week. That way u can,take advantage of it. By the way just out of curiosity which pairs? EDIT: never mind . I can see the pairs.

Ignored

my current status ..closed all pairs ..with 50 % profit in 2 days....Xmess u r too great

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#8,186
Apr 28, 2016 10:10am Apr 28, 2016 10:10am

dallmanb
| Joined Aug 2014 | Status: Trader | 57 Posts

Quoting Sathis

Disliked

{quote} my current status ..closed all pairs ..with 50 % profit in 2 days....Xmess u r too great {image}

Ignored

Hi Sathis,

Do you mind sharing your settings? THanks!

#8,187
Apr 28, 2016 10:46am Apr 28, 2016 10:46am

Sathis
| Joined Jan 2016 | Status: Trader | 89 Posts

Quoting dallmanb

Disliked

{quote} Hi Sathis, Do you mind sharing your settings? THanks!

Ignored

its the same settings as XMESS ...check his recent post ....am using rick percent as 10% for every pair and applied this EA in mutiple pairs ...check my last post.

#8,188
Apr 28, 2016 1:24pm Apr 28, 2016 1:24pm

keysharp
| Joined Apr 2009 | Status: Trader | 562 Posts

Quoting Sathis

Disliked

{quote} its the same settings as XMESS ...check his recent post ....am using rick percent as 10% for every pair and applied this EA in mutiple pairs ...check my last post.

Ignored

I take it that it is the settings from post #8150, the 2% zip file.

#8,189
Edited 10:09pm Apr 28, 2016 9:48pm | Edited 10:09pm

xmess7
Joined Nov 2008 | Status: Trader | 4,830 Posts

Quoting keysharp

Disliked

{quote} I take it that it is the settings from post #8150, the 2% zip file.

Ignored

Yep that's the set file.
But 10%? I thought sath used 5%? I saw that on post 8168.

Lets say he did use 10%. So if we change it to 2.4% (1/4) that means that a gain of about 10-13% was made in the 2 day period.
If the risk is 5%, that's even better cause half the risk would then yield about 25% gain.

Now Sath, lets see if it does it again next week...

Our AWESOME IMAGINATION is the true holy grail!

#8,190
Apr 29, 2016 12:13am Apr 29, 2016 12:13am

Sathis
| Joined Jan 2016 | Status: Trader | 89 Posts

Quoting xmess7

Disliked

{quote} Yep that's the set file. But 10%? I thought sath used 5%? I saw that on post 8168. Lets say he did use 10%. So if we change it to 2.4% (1/4) that means that a gain of about 10-13% was made in the 2 day period. If the risk is 5%, that's even better cause half the risk would then yield about 25% gain. Now Sath, lets see if it does it again next week...

Ignored

Am travelling ...so mostly off to treading.

#8,191
Apr 29, 2016 4:25am Apr 29, 2016 4:25am

Reamasesa
Joined Jan 2015 | Status: Trader | 1,005 Posts

Hi,

Just a couple of observations.

Loaded 3C and BOLOSO on several more pairs I got from a screenshot a few posts back.... nice addition Very. Nice addition.
Both the #C and BOLOSO indicators are messing up with my terminal and cause it to hang when loaded or after a while of trading.
I'm wondering if treating the entire 3C and BOLOSO trades, each in its own, as baskets and close them as a basket instead of individual trades, any thoughts? I've seen a "Basket" reach nice profit but then the individual trades broke off into small losses or BE.
The PErcentProfit is changing on both EAs even without closed trades. That shouldn't be, I think.

Thanks for these EAs, this week was hard on them but I think we're on the right path here.

#8,192
Apr 29, 2016 12:52pm Apr 29, 2016 12:52pm

xmess7
Joined Nov 2008 | Status: Trader | 4,830 Posts

Quoting Sathis

Disliked

{quote} Am travelling ...so mostly off to treading.

Ignored

Sathis: when u touch ground I recommend you sent your set file. We just need to see if you changed the PercentRisk or the WeeklyProfit inputs. I am not to clear on that given that in the post where u got the EA to run properly you indicated that you had "changed it to 5%". The question was, was is "it".
In addition of "it" is PercentRisk" does that mean you left the weekly target profit at 5%? Your set file will answer these questions and give us a shot at emulating what you accomplished with the 8 pairs you picked.

Our AWESOME IMAGINATION is the true holy grail!

#8,193
Apr 29, 2016 1:36pm Apr 29, 2016 1:36pm

xmess7
Joined Nov 2008 | Status: Trader | 4,830 Posts

Quoting Reamasesa

Disliked

Hi, Just a couple of observations. Loaded 3C and BOLOSO on several more pairs I got from a screenshot a few posts back.... nice addition Very. Nice addition. Both the #C and BOLOSO indicators are messing up with my terminal and cause it to hang when loaded or after a while of trading. I'm wondering if treating the entire 3C and BOLOSO trades, each in its own, as baskets and close them as a basket instead of individual trades, any thoughts? I've seen a "Basket" reach nice profit but then the individual trades broke off into small losses or BE....

Ignored

Reamasesa:
- What' "very nice" ?

- The indicators have a heavy initial load time, I could remove that and just have the indicators show entry arrows from were u started. However that would eliminate the past, you would only see entry arrows from that point and on. Plus when the day (or whatever period u are dealing with) changes the indicator acts as if it is reloading the previous day. So now you have 95 candles to process per chart that you have the indicator on. That too may be the cause of the hang ups, especially if u have it on several charts. I think that is why you are seeing those problems. The intention of the indicator was for troubleshooting/verification purposes. It was not intended to be used that often or on several charts at once. It was more of a confirmation tool, for when we needed to slap it on and observe if it matched with what the EA was doing. So with that I left them as they are now and just dedicated more time to the EA functioning. I do have an idea of how to fix those indicator issues but it would take a could amount of time and since we are so close to kracking this egg, well you know... lets make $$$ instead of Code LOL.. Let me know if you want this and I'll make some of the changes that can sort of help the indicators.

-Well without really being aware of it have treated the 3C and Boloso trades as separate baskets. I have 4 brokers and when the target profit hit the EA would close all trades (open or pending) and freeze the EA. So in a sense you could say those were 4 baskets.
Your second statement "I've seen a "Basket" reach nice profit but then the individual trades broke off into small losses or BE." Is what I saw a lot of in the months of Jan-March. This was true in many cases. So the logical thing was to set a target profit for the "basket" and be done with it. Many times I saw the " basket" reach good profit, to only have it vanish or become a loss be the end of the week. Even this week I still saw some of that happening, granted the profit was smaller. I'll explain tonite when I give my weekly profit update.

-ok, when u say "PErcentProfit" are u referring to the profit that is shown on the display or the Weekly Profit Target input?
This is what happens in the EA.
The EA calculates the current profit for the week by taking the equity and dividing it by the balance that was seen when Sunday opened. IT then subtracts 1 from that amount to get the profit as it stands for the week.
For example. Say that Sunday you started with 1000. So then EA calculates: current week profit = ((current equity)/1000 -1)
For example say your current equity is 1300. So then current week profit=((1300/1000)-1) = 0.3 (0.3 is 30%).
So what u see on the display is 30% and that will change as your current equity changes.
Now if you have a Weekly Profit Target input set say to 40 (40%) then as soon as your equity reached 1400 or greater. Then the EA will close ALL open/pending trades and freeze for no more trading until the start of NEXT WEEK. If you need to, you can unfreeze it by increasing the Weekly Profit Target input and reloading the EA. Otherwise if you don't do that and you restart the EA, the EA will remain frozen, it remembers.

I also added a BE when Profit Target Reached. What this does is allow you to tell the EA that if your overall profit reaches x% to set an overall profit BE. That way you cannot lose cause now the EA will not allow the profit to go to negative at anytime during the rest of the week. I am going to improve on this so that you don't have to manually do this.

Dang a lot to do so little time ...

Our AWESOME IMAGINATION is the true holy grail!

#8,194
Apr 29, 2016 9:14pm Apr 29, 2016 9:14pm

keysharp
| Joined Apr 2009 | Status: Trader | 562 Posts

Well I feel good, eventhough I have lost a lot of balance. I closed some lingering trades and my 20 month old granddaughter closed one, had a couple of SL. But then I had many wins that made the week ok. I suppose that it will take another week to get back to where I was. Have completely gone to the 2% settings. Still not sure about the SL, so I wonder if 50 is too wide?

#8,195
Apr 29, 2016 11:15pm Apr 29, 2016 11:15pm

Sathis
| Joined Jan 2016 | Status: Trader | 89 Posts

Quoting xmess7

Disliked

{quote} Sathis: when u touch ground I recommend you sent your set file. We just need to see if you changed the PercentRisk or the WeeklyProfit inputs. I am not to clear on that given that in the post where u got the EA to run properly you indicated that you had "changed it to 5%". The question was, was is "it". In addition of "it" is PercentRisk" does that mean you left the weekly target profit at 5%? Your set file will answer these questions and give us a shot at emulating what you accomplished with the 8 pairs you picked.

Ignored

Xmess...unable to attach your set file here ...getting wrong format error..so attached all the screen shots

....Actually the 50% profit reached bcoz of one good win of usd/jpy of almost 450$....

But if u see now my equity and balance went down little due to two 150$ loss... but so far this week profit 55 %

any idea i can see..... all signals are sell trades...???!!

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#8,196
Edited Apr 30, 2016 12:17am Apr 29, 2016 11:47pm | Edited Apr 30, 2016 12:17am

xmess7
Joined Nov 2008 | Status: Trader | 4,830 Posts

Quoting keysharp

Disliked

Well I feel good, eventhough I have lost a lot of balance. I closed some lingering trades and my 20 month old granddaughter closed one, had a couple of SL. But then I had many wins that made the week ok. I suppose that it will take another week to get back to where I was. Have completely gone to the 2% settings. Still not sure about the SL, so I wonder if 50 is too wide?

Ignored

Awesome John. So far the 50 pips have worked. Unfortunately this week there were 2 events that stopped my streak.
The 1st even was with AUDUSD. AT the moment I had EURUSD and GBPUSD long as well. Then AUDUSD got stopped out and the other 2 were dangling in negative territory. At that moment I closed the rest of the trades and was looking at a -8% loss on the OANDA live account. I had decided to STOP for the week but NOOOo lol I decided to continue . Then 3 more trades were taken. One was EURUSD long again. And then the second knock out happened. EURUSD whipped around due to News. It was enough to take me out. At that time the account was down -13.5% for the week. I closed everything and this time I SHUT IT DOWN. So lessoned learned here is that if I EVER see a loss like -8 or less I AM OFF FOR THE WEEK. Good news is that my average for the past 5 weeks is now around 8% per week. So I dust my self off and WE DO IT AGAIN NEXT WEEK! BTW I am referring to the BOLOSO EA on both the live OANDA account and FXCM demo accounts. The 3C did very well on Oanda Demobut not so good on the Tallinex demo. Yes I know, I made a mistake it wasn't the Tallinex demo that made the 13% it was the Oanda demo. I just confirmed that.

Anyhow here are the two knockouts that affected the Boloso EA and more than likely the Tallinex 3C EA too. In the next POST I will put up my PROFIT UPDATE numbers.

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Our AWESOME IMAGINATION is the true holy grail!

#8,197
Apr 30, 2016 12:17am Apr 30, 2016 12:17am

xmess7
Joined Nov 2008 | Status: Trader | 4,830 Posts

PROFIT STATUS UPDATE.

The streak stopped at 4 weeks. This past week (which was week 5) the EA registered a loss for the Boloso EA. So this means that we start another streak next week LOL! Oh, as I had mentioned in the previous post, the Oanda demo (Freebie 3C) was the one that hit 13% for the week not Tallinex. So there was that one bright spot.

I had a good chance to stop the bleeding when the live Oanda account (Boloso EA) was at -8%. ( Read the previous post. I give more details on that.) but no I decided to continue. LOL funny, I even made a rule for what I would consider a loss to stop at. Look at post http://www.forexfactory.com/showthre...13#post8826313. In there I indicate that I would consider a 6% loss. Well I didn't follow that rule LOL.

So lesson learned if I see anything loss that is 5%-9% I will CLOSE ALL TRADES and STOP for the WEEK! But you know what I think... I think that next week the EA will GIVE PROFIT !! That's what I think LOL ... Lets do it.... this does work...

Here's the run down for each account:

Oanda Live (EA: Boloso v3) - This account started it's run up on April 27 (bal=$113.01 at that time)
Started week with: $188.25
Ended the week with: $164.59
Profit for this week: -12.5%
Overall Profit since start of EA(init bal was: $500): -67%

FXCM Demo (EA: Boloso v3)
Started week with: $75400.30
Ended the week with: $65975.2625
Profit for this week: -12.5%
Overall Profit since start of EA(init bal was: $50000): +31.9%

Oanda Demo (EA: 3C v9)
Started week with: $1153.23
Ended the week with: $1442.73
Profit for this week: +25.1 (half of the profit was from trades I left over the weekend).
Overall Profit since start of EA(init bal was: $1092.65): +32%

Tallinex Demo (EA: 3C v9)
Started week with: $4130.17
Ended the week with: $4027.33
Profit for this week: -2.5%
Overall Profit since start of EA(init bal was: $5000): -19.4%

Our AWESOME IMAGINATION is the true holy grail!

#8,198
Apr 30, 2016 12:27am Apr 30, 2016 12:27am

xmess7
Joined Nov 2008 | Status: Trader | 4,830 Posts

Quoting Sathis

Disliked

{quote} Xmess...unable to attach your set file here ...getting wrong format error..so attached all the screen shots ....Actually the 50% profit reached bcoz of one good win of usd/jpy of almost 450$.... But if u see now my equity and balance went down little due to two 150$ loss... but so far this week profit 55 % any idea i can see..... all signals are sell trades...???!! {image} {image} {image} {image} {image}

Ignored

Sath:
I had already examined your account activity. I just wanted to see what where the settings you used since u had to change them from what I had posted.
BTW did u keep the different magic numbers for each pair??

Next time do this for the preset file:
Go to the folder /MQL4/Presets/
Zip file file up (file may be called Freebie3C_EA2percent.zip)
OR make a copy of the file and rename the new copy with an extension like .txt. For example the new name would be Freebie3C_EA2percent.txt.
U can then upload either the zip or the txt file with no problems.

Thnx
Jess

Our AWESOME IMAGINATION is the true holy grail!

#8,199
Apr 30, 2016 12:46am Apr 30, 2016 12:46am

xmess7
Joined Nov 2008 | Status: Trader | 4,830 Posts

Quoting Sathis

Disliked

{quote} Xmess...unable to attach your set file here ...getting wrong format error..so attached all the screen shots ....Actually the 50% profit reached bcoz of one good win of usd/jpy of almost 450$.... But if u see now my equity and balance went down little due to two 150$ loss... but so far this week profit 55 % any idea i can see..... all signals are sell trades...???!! {image} {image} {image} {image} {image}

Ignored

Sath:
As far as you having several sells, you would need to examine each of the trades against the 3C rules.
For a sell this is the rule:
low 3sema zz dot
ZigZag meeting the 3sema zz dot
a pivot fail (lower tail of candle must cross a pivot line)
zerlog is negative slope (red) - this one is for trend purposes

If you look at the USDJPY chart you will notice that it was sort of going short for most of the week. So more than likely that is what u had success on that one.
Other than that looks like you were catching some retraces.

I would of closed the EA and started over the next week. That way would could clearly see which are the new trades for the week and determine profit percentage.
But leave it all as is. What would be best to see is consistent profit over the week. When I say consistent I mean that for each week, at the lest you have one instant where the whole group of trades is in profit.

Here's an example of what I mean. Below there are 13 equity charts. Each chart represents the activity of an EA on one pair. The period covered is fron Jan 2015 thru March 2016. I'll post the other images on the next post. These are from another EA I am working on. Now pay attention. Tell me what you see. I see consistent profit... I see that 12 of the 13 months this EA is profitable. Do u see what I mean??? Think about it. LOL Its the same with the Freebie EA, except we are dealing with weeks not months.

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