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Price Action Trading with Indicators! The Freebie System

  • #8,201
  • Apr 30, 2016 4:52am Apr 30, 2016 4:52am
Quoting xmess7
{quote} 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...

Yes Xmess...Am keeping different magic number for each pair...and...used to change different settings ...finally i decided to stay with 10 % risk on each pair.
  • #8,202
  • Apr 30, 2016 1:48pm Apr 30, 2016 1:48pm
Quoting Sathis
{quote} Yes Xmess...Am keeping different magic number for each pair...and...used to change different settings ...finally i decided to stay with 10 % risk on each pair.
Sathis:
Thnx, that's what is no shown in the set file, that you used different magic numbers. Kewl, now folks can emulate what u are doing.
Lets see if in the next couple of weeks you get to see similar success. Do u have like a target profit or target loss ??? Or are u just going to let the trades run forever and ever LOL? Peace
Our AWESOME IMAGINATION is the true holy grail!
  • #8,203
  • May 1, 2016 6:40am May 1, 2016 6:40am
Quoting xmess7
{quote} Sathis: Thnx, that's what is no shown in the set file, that you used different magic numbers. Kewl, now folks can emulate what u are doing. Lets see if in the next couple of weeks you get to see similar success. Do u have like a target profit or target loss ??? Or are u just going to let the trades run forever and ever LOL? Peace
No profit target...till i wait friday night to close all trades...since we are in demo ...want to see the worst scenarios
  • #8,204
  • May 1, 2016 12:14pm May 1, 2016 12:14pm
Quoting Sathis
{quote} No profit target...till i wait friday night to close all trades...since we are in demo ...want to see the worst scenarios

LOL Sathis, that's exactly what several of us do (I use to do that), "since I am in demo, I want to see how far it goes". No problem though u continue. This is what you will probably see:

1. There will be a great surge of profit
2. After a while the market will take it away
3. the account will end up with a loss
4. Items 1-3 get repeated.

So the key is to see WHEN during a week and HOW OFTEN item 1 happens. This way all u do is set a target and TAKE IT while it happens.
Just make sure that 1-3 is done with a new set of trades, no open trades from the previous group. That will ensure that you are seeing definte periods, otherwise you need to do a little more calculations to get averages and standard deviations etc etc.

Carry on. The start of the week is upon us. Tonite as Monday start up in London I fire up my EAs.

Folks:
In addition to the BOLOSO and 3C EAs, I am also going to fire up the Freebie v20 EA. I was told that on a couple of back tests this latest version, with the zeroLAG as trend indication, it did very well and have decided to revisit it.

John:
Did u ever check your settings on Tallinex to see what those errors where all about? I'll be vigilant on my Tallinex account as well.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,205
  • May 1, 2016 1:39pm May 1, 2016 1:39pm
John: Did u ever check your settings on Tallinex to see what those errors where all about? I'll be vigilant on my Tallinex account as well.[/quote]

I don't know if the errors were really valid. Will keep a close watch for a couple of days. Looking forward to this next week even though I have a few trades that probably need to be cleared.
  • #8,206
  • May 1, 2016 10:12pm May 1, 2016 10:12pm
BOLOSO EA OPERATION

John:
As promised here is an explanation of what the current BOLOSO EA DOES.

I'll use the buy rules from pg1 of the BOLOSO thread:
1) ZZ Semafor On BOTTOM
2) ZigZag On BOTTOM
3) Place Buy order at last HIGH (ZZ Semafor Dot) Add Spread if you want.
SL= Last Low(ZZ Semafor Dot BEFORE SIGNAL)

In the image below zz1 covers rules 1 and 2. zz2 covers rule 2 and SL is zz3.

Basically once zz1 appears, the EA will do one quick check to make sure that the diff between zz2 and zz3 is greater than 40 pips.
if it is so then it placed a pending buy order just above zz2 and the SL just below zz3.

I added the 40 pip requirement cause I in my initial testing the EA was not performing well when the pair went into a ranging situation.
By the time the range finished the EA had taken too many losses. So I tested it with a couple of values and determined that 40 did the job.

So it will do this once and the pending order will remain on there until either it is canceled or if filled, the trade was closed. Once all orders are cleared the EA will look again to create a new pending order.

Take a look and let me know if you see something different.
Attached Image (click to enlarge)
Click to Enlarge Name: freebie boloEA _SAMPLE.jpg Size: 211 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #8,207
  • May 1, 2016 11:52pm May 1, 2016 11:52pm
Folks:
It's about 9:50pm PST (12:50AM NY) and I've fired up the EAs.

Like the Joker said in one of the Batman films "Here we gooo!"

Best to all.

PEACE
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #8,208
  • Edited 3:41am May 2, 2016 3:21am | Edited 3:41am
Hi,

These are my results so far.

BOLOSO
Attached Image (click to enlarge)
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Freebie3C
Attached Image (click to enlarge)
Click to Enlarge Name: Freebie3C.PNG Size: 22 KB


Current status
Attached Image (click to enlarge)
Click to Enlarge Name: Freebie3C_BOLOSO.PNG Size: 63 KB


Please note, the overall weekly profit is for the entire equity/balance and not per EA. Can you make the Weekly profit EA based, please? And how is the EA PercentProfit calculated? From the start of the account? Week?

Oh, and why do I need a different magic number? Doesn't the EA know how to filter its trades using PAIR plus magic number instead of just magic number?
I don't want to handle a template/set file for each pair.

Thanks.

EDIT:
Sorry, don't know why my screenshots aren't shown inside the post.
  • #8,209
  • Edited 7:26am May 2, 2016 5:38am | Edited 7:26am
OK,

I have more than 300 pips in profit so far however, I've noticed that the SL, when I use JTS, remains X pips behind the price, so if the price goes up one pip after the first jump, it moves up one pips and vice versa until another jump has occurred.

I don't think this is how JTS should work, I think the SL should stay the same and move only in X jumps defined by the user (after BE + LOCK, of course).
Also, what is "TP 4to1"? Is it 4 times the SL? If so, I'll change my settings as my BOLOSO trade is more than 36 pips and is about to reverse and BE hasn't been triggered.

EDIT:
OK, just checked the logs, they are clogged with modify orders for the SL. My broker will eventually kill this account if it continues like this.
  • #8,210
  • May 2, 2016 10:49am May 2, 2016 10:49am
Quoting Reamasesa
OK, I have more than 300 pips in profit so far however, I've noticed that the SL, when I use JTS, remains X pips behind the price, so if the price goes up one pip after the first jump, it moves up one pips and vice versa until another jump has occurred. I don't think this is how JTS should work, I think the SL should stay the same and move only in X jumps defined by the user (after BE + LOCK, of course). Also, what is "TP 4to1"? Is it 4 times the SL? If so, I'll change my settings as my BOLOSO trade is more than 36 pips and is about to reverse and...
Reamasesa:
Interesting. I tested the updated JTS and this is what it did for me -

1. Set trail stop set to: 40 pips.
2. Initial stop loss was at 50 pips.
3. When price was +40 pips above the initial open price, SL was moved to about BE.
4. When price was up 80 pips then SL was moved to 40 pips behind price.
5. From then on as price moved up 80 pips from previous SL then SL is adjusted to be behind price by 40 pips.

Is this the correct JTS approach? As you can see price will always have a 40 pip SL "block" and the SL will not change until there is another FULL 40 pip block available. It's like I am moving a 40 pip block that is placed right behind price as it moves.

As for the multiple SL orders. Is that happening constantly? It should only happen 10 times each time that the EA determines that the SL needs to be moved. In fact if all is well, it should only occur once per EA decision. The reason for the 10 attempts is for in case there are errors/lagging sever issues, this is also true for when a market order is placed. The EA will attempt 10 times to place the order before reporting that it could not. Again, in the same manner, if all is well, the market order will only happen once. What broker are u dealing with, I didn't notice but does it say on the FXbook equity charts you posted?

Yes TP 4:1 means that Target Profit is 4 times the SL pips. What is your initial SL and the pair/spread values. Depending on what direction you are going and what percent you selected for BE to happen, you need to add or subtract spread to the distance that triggers BE.

Let me know so we can figure out what's best. If need be I can add an input by where the user can eliminate the "multiple order attempt".
Our AWESOME IMAGINATION is the true holy grail!
  • #8,211
  • May 2, 2016 11:43am May 2, 2016 11:43am
Quoting Reamasesa
Hi, These are my results so far. BOLOSO {image} Freebie3C {image} Current status {image} Please note, the overall weekly profit is for the entire equity/balance and not per EA. Can you make the Weekly profit EA based, please? And how is the EA PercentProfit calculated? From the start of the account? Week? Oh, and why do I need a different magic number? Doesn't the EA know how to filter its trades using PAIR plus magic number instead of just magic number? I don't want to handle a template/set file for each pair. Thanks. EDIT: Sorry, don't know why...
Reamasesa:
In order to get the charts to show up as icons, just upload them. Don't do the link thing or anything. Just click on the "Upload From Computer" link and that's all.

As far as the magic numbers, you do not have to do anything to them. They were exposed upon request cause someone wanted to control them so that these EAs could be kept separate from the other EAs. As long as all the magic numbers are kept the same per EA, the profit calculation will make sense. If you change them,
for example if u have 3C on 3 different charts and you assign 3 different magic numbers, this will affect the EA profit line. The number will not make sense. But that's all that is affected. That does not affect the weekly overall profit value.

Alrighty here is the logic behind the Profit Calculation.
The basic calculation is this. (Equity/Balance - 1) x 100
Equity is the current equity at the moment
Balance is either the balance at the beginning of the week or the initial balance that MT4 saw when u started the EA.

There are 3 lines on the display:
1st line shows the percent profit since whichever Freebie EA (3C, BOLOSO, or v20) was started on the MT4 account.
2nd line shows the percent profit that the particular EA has produced for the week
3rd line shows the percent profit as the account stands for the week


1st line:
When any of the EAs is started for the 1st time, the account balance at that moment is recorded. From then on that initial balance is used to calculate the standing overall profit as time passes on. You can change that recorded initial balance by hitting the key F3. The global variable window will popup and all you need to do is change the value that is recorded for the Freebie_initBal variable.

2nd line:
This line was added per request. The idea is that we want to see what profit the individual EA has produced for the week. Before anything happens the EA must first determine what the balance was at the beginning of the week. This is done no matter if the user places the EA in operation at the beginning, middle or end of the week. So upon starting the EA it will go into the history log and add up all the profit(loss) that was incurred since the beginning of the week. The EA will then subtract the profit(loss) it found from the current equity to get the starting balance for the week. Next, the EA adds up the current profit that the EA has accomplished itself (this is where the magic number is used). The total EA profit and week starting balance are then applied to the equation at the top of this post to get the Profit Percent that the EA has produced for the week. I just peaked at the code and I think I will need to fix this. I am not only adding up all the profit(loss) that the EA is doing but also adding in the profit(loss) for the week. That is not correct.

3rd line:
This is similar to the 2nd line except it deals with the account as a whole:
1. Calculate the initial starting balance of the week (actually this number is already available since we did it above with the 2nd line)
2. Take the current equity and starting balance and plug it into the equation.
So as you can see the third line displays the OVERALL profit status for the week. No matter what EA is being used, this part is only concerned with the starting balance of the week and the current equity of the account involved.

NOTE: Due to the way that it reads time (I think I will change this) you may have to reload the EA to get the correct numbers.

So with these things in mind, let me know if we need to change them or give me your ideas.
Perhaps someone may want to completely segregate the EAs from other EAs by only having the overall profit calculated for those charts where one of the 3 EAs is involved?

Remember there is no pride involved only PROFIT lol .
Our AWESOME IMAGINATION is the true holy grail!
  • #8,212
  • May 2, 2016 11:46am May 2, 2016 11:46am
OK guys you aren't going to believe it. I woke up and opened all the MT4s to see what was going on.

Freebie v20 hit 13%!!!

The EA locked itself down and will not trade till next week starts.
So DONE FOR THE WEEK.

Oanda Live (BOLOSO) also places pending orders.

Waiting to see what happens next
Our AWESOME IMAGINATION is the true holy grail!
  • #8,213
  • Edited 1:28pm May 2, 2016 12:46pm | Edited 1:28pm
Quoting xmess7
{quote} Reamasesa: Interesting. I tested the updated JTS and this is what it did for me - 1. Set trail stop set to: 40 pips. 2. Initial stop loss was at 50 pips. 3. When price was +40 pips above the initial open price, SL was moved to about BE. 4. When price was up 80 pips then SL was moved to 40 pips behind price. 5. From then on as price moved up 80 pips from previous SL then SL is adjusted to be behind price by 40 pips. Is this the correct JTS approach? As you can see price will always have a 40 pip SL "block" and the SL will not change until...
Hi,

Thanks for replying.

OK, I'll answer as I go if you don't mind, that is.

As for the 1:4, thanks, I'll be sure to choose another settings as this will definitely be a trade breaker, 50 pips before BE is nuts.

USDCHF is trailing at the moment, so let me put it this way... I have an entry in the log every 1-3 seconds regarding the modified SL *SIGH* maybe it's a multiplication of tens or something but seriously, there are tons of log entries.

As for the JTS. It shouldn't be treated as a "box", if you treat it as a box, it will move up and down with the price. JTS, as far as I understand it, moves like this.
For every JUMP pips, the SL moves JUMP pips. Now, there are two approaches to the initial JUMP, the first, the SL moves only after PRE_JUMP and than in JUMPs increments and with the seconds, SL moves initially 2xJUMP and than in JUMPs increments. So basically, in a move of 80 pips, with JUMP defined as 40 pips, the SL should move twice, once to BE after the initial 40 pips and the second time it will move to 40 pips once price travelled 80 pips and stay there.


Thanks.

EDIT:
OK, just went to the EA settings and I don;t see any JTS settings, so either I'm on a different version or was overly excited about you saying you'd implement it that I though I'm already using it. Sorry.
The only thing I have switched on is Fixed TS with 36 in the settings.
  • #8,214
  • Edited 2:42pm May 2, 2016 1:37pm | Edited 2:42pm
Quoting Reamasesa
{quote} Hi, Thanks for replying. OK, I'll answer as I go if you don't mind, that is. As for the 1:4, thanks, I'll be sure to choose another settings as this will definitely be a trade breaker, 50 pips before BE is nuts. USDCHF is trailing at the moment, so let me put it this way... I have an entry in the log every 1-3 seconds regarding the modified SL *SIGH* maybe it's a multiplication of tens or something but seriously, there are tons of log entries. As for the JTS. It shouldn't be treated as a "box", if you treat it as a box, it will move...
Alrighty, Let me re-examine the Modify order situation, which broker please, that way I can use the same platform to see the if I get the same results.

That's correct, that is what I meant that the box does. It does not go down it only goes forward. Here's a numeric example of what I was trying to explain.

Initial stop loss: 50 pips.
Trailingstop_step: 30 pips.

Trade initiatles with an entry at 1.000 and stop at 0.9950 (50 pips stop).

Price ----- SL
1.0010 0.9950
0.9990 0.9950
1.0015 0.9950
1.0030 1.0000 <-- SL adjusted to 30 pips behind price
1.0015 1.0000
1.0035 1.0000
1.0060 1.0030 <-- SL adjusted to 30 pips behind price
1.0045 1.0030
1.0070 1.0030
1.0090 1.0060<-- SL adjusted to 30 pips behind price
1.0095 1.0060
1.0101 1.0060
1.0120 1.0090

Notice that in the 1st 3 trade activities the 50 stoploss did not get affected, it remained intact.
After that the stop Loss was moved to 30 pips behind the current price only when a 60 pip diff was seen from that last SL.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,215
  • May 2, 2016 10:38pm May 2, 2016 10:38pm
Folks:
Want to show how the Freebie v20 performed the quick 13% profit. The main reason was casue the lotsize was considerable. This was calculated based on the SL range and the SL range was not that big, so larger lotsize.

I think the biggest difference in the EA from the previous version are the following:
1. better detection of pivot fail
2. use of MTF zeroLag to determine higher TF

Note: I am noticing that if the zeroLag is examined after a couple of candles that it has more validity than say taking it's value right when it changes.

Please see image with explanations. Any questions let me know.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-05-02 20.27.52.png Size: 111 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #8,216
  • May 2, 2016 10:53pm May 2, 2016 10:53pm
BOLOSO trade

John:
I want to illustrate how the Boloso EA originates a trade. The trade below recently happened. The pending order and it getting filled was not that long ago.
So you are seeing a trade that just happened. Notice where the pending order is placed. It was placed when price was heading UP. There are times that you see this and think that price will not return and that the pending order will be ignored. Then just as it happened today price reverses and fills the order. I would of like to see more movement but I think it is acceptable. Before this trade AUDUSD got filled LONG and it has been going good. Since AUDUSD is LONG then it follows that EURAUD should fall. So when AUDUSD pushed up we will see this pair fall... Anyhow take a look and let me know if u have any questions.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-05-02 20.05.20.png Size: 118 KB
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  • #8,217
  • May 3, 2016 12:31am May 3, 2016 12:31am
MY dear friends. My boloso Live trades got stopped out. The loss was -4.5% on the live account. No problem, I am shutting down the MT4 for the week. So for the Boloso EA no more trades till next week.

Now look at the image below. See the difference between the Live and Demo feeds of EURAUD?? I double checked with Tradeking and EURAUD there also matched Oanda Live, that is it made a sudden change to the upside.

So for those of you still testing on demo... be aware, DEMO MEANS NOTHING , Live trading is the only way to tell if the EA really works.

What might be the solution?? Perhaps Lower my weekly target, instead of 13% go down to 3-4%. I was just talking to Superpmf about this very scenario But, we also have to consider this is nonfarm week and weird stuff like this happens. Anyhow, no more trading on these accounts till next week.

Attached Image (click to enlarge)
Click to Enlarge Name: Y Demo Means nothing 2016-05-02 21.55.15.png Size: 129 KB
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  • #8,218
  • May 3, 2016 3:21am May 3, 2016 3:21am
Quoting xmess7
MY dear friends. My boloso Live trades got stopped out. The loss was -4.5% on the live account. No problem, I am shutting down the MT4 for the week. So for the Boloso EA no more trades till next week. Now look at the image below. See the difference between the Live and Demo feeds of EURAUD?? I double checked with Tradeking and EURAUD there also matched Oanda Live, that is it made a sudden change to the upside. So for those of you still testing on demo... be aware, DEMO MEANS NOTHING , Live trading is the only way to tell if the EA really works....
Hi,

What did you use for SL?
And I admire you for your ability to stop the EA, it would have been hard for me to do that.
I think 3%-5%, per week, is pretty decent.
Change broker. While mine sucks in terms of cent account, the feed is pretty good.
Fix the TS and I'll throw it on my cent account for live testing.


Thanks.
  • #8,219
  • May 3, 2016 11:39am May 3, 2016 11:39am
With the zerolag indicator being used as the autotrend setting I don't think this constant losing is what is supposed to happen.
Attached Image
  • #8,220
  • May 3, 2016 2:25pm May 3, 2016 2:25pm
Quoting Reamasesa
{quote} Hi, What did you use for SL? And I admire you for your ability to stop the EA, it would have been hard for me to do that. I think 3%-5%, per week, is pretty decent. Change broker. While mine sucks in terms of cent account, the feed is pretty good. Fix the TS and I'll throw it on my cent account for live testing. Thanks.

LOL Reamasesa Guess what. Since I closed the account manually I forgot to close an OPEN ORDER!! This is the second time I do this LOL GBPUSD long. I it did ok for a bit but then fell hard and I closed the trade with a loss. So now the account is down 7% for this week. I DOUBLE CHECKED everything this time so now for SURE NO TRADING!! Dumb lessens

My stop loss is always 50 pips for the BOLOSO. I let the EA calculate the lotsize based on that and the 5% risk I enter. All in all, this is not a bad loss (including the DUMB aSS loser LOL). So I rinse and repeat for next week.


Naw I won't change brokers. After some thought I attribute this to this weird week... NFP and whatever is happening. So for now I stick with the broker
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