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Freebie 1 min trading method 1,211 replies

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Attachments: Price Action Trading with Indicators! The Freebie System
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Price Action Trading with Indicators! The Freebie System

Guys:
For those of you that are using the EA to stop when you have selected a Profit Percent for the Week.
When u load your MT4 and if u see that the percentage is no 0% for the week (3rd line). Just restart MT4 and it should show 0% for the Wkly Overall Profit.

I will look into this issue. The problem is that some brokers start their Week on Monday even though they have a Sunday Candle. This EA is coded to look for the week to start on a Sunday when there is a Sunday Candle or, if a broker does not have a Sunday Candle, on Monday. So if the broker starts the week on a Monday even though it does have a Sunday candle then the EA will miss the Sunday candle and that will mess up the calculation of the percentage for the week.

For now just reload MT4 and you should see it set back to 0%.

This is only important if u are using a weekly profit stop that the EA will use to stop trading when your profit is reached.

Jess
Our AWESOME IMAGINATION is the true holy grail!
OK,

I think I've discovered why my trades got closed. The Weekly BE percent is what caused the EAs to close my trades but I don't understand why as the profit was more then 5%. Profit dropped from around 11% to 6%, more or less but was holding, no spikes or anything and still got closed.



Hope it helps.
Yes Reamases, I am looking into the calculation.

Basically this is what the EA is SUPPOSED to do:..

Get the balance a the start of the week==> Balance1
Get the current balance==> Balance2

then calculate the percent profit
(Balance2/Balance1)-1 ==> Percent UP or Down from Balance1.

The EA is SUPPOSED to always remember Balance1 until the New Week starts.
That is where the problem is. The EA is not remembering the right Balance1.

I have a solution that will make it work correctly, as soon as I get time I will upgrade the EAs.

Meanwhile, either turn it off or increase the profit to a higher value.
Always restart the EA, again it has to do with the EA not getting the correct Balance1.

Thnx for the info
Our AWESOME IMAGINATION is the true holy grail!
2 days and 10 pairs no open trade, I also disabled the first two filters, to increase trade ...
Quoting gianniko
2 days and 10 pairs no open trade, I also disabled the first two filters, to increase trade ...
gianniko:
I only have one live trade on boloso. SO basically same here, not trades. Don't worry., if there are no trades then there are no trades. I am use to not trading for a week or two, but that is on the H4 and higher TFs, so more than likely at the lower TFs we will not see several weeks of no trades. However, these quiet times are usually a good sign cause when the quiet time is over that's when u get winning streaks!!!!.

But, being the engineer that I am, I will examine the pairs using the indicators when the week is over to see if there were any trades that WERE supposed to be taken but were NOT.

Just be patient... put the filters back on.... this is trading... this is the approach. It's ok. Relax, have fun, go buy a lottery ticket and win a gazillion dollars. When that happens all I ask is that you send me $300K, that is all I need to do whatever I need to do... LOL

PEACE
Our AWESOME IMAGINATION is the true holy grail!
Quoting gianniko
Here are the results of the week the same settings, sometimes when I was close to the PC, I'm done manually, because the stop path consistently moves at a 'back {image}
I have been active in this forum lately. Its very interesting to see it runs on M5 timeframe.

What do you think Jess?

Will,
Quoting xmess7
{quote} gianniko: I only have one live trade on boloso. SO basically same here, not trades. Don't worry., if there are no trades then there are no trades. I am use to not trading for a week or two, but that is on the H4 and higher TFs, so more than likely at the lower TFs we will not see several weeks of no trades. However, these quiet times are usually a good sign cause when the quiet time is over that's when u get winning streaks!!!!. But, being the engineer that I am, I will examine the pairs using the indicators when the week is over to see...
Not in front of my screen so I can't post MyFXBook screenshots but it looks like Boloso is on a loosing streak with -200$ loss (-150$ if I close the current trades) and 3C is still hanging in there with +30$ (+150$ if I close the current trades).

I say we're getting closer and closer I'm trading the M15, I'm curious if there are others trading higher TFs and what are there impression and performance with these EAs.

J.,
When should we expect a version with the adaptive SL and the fix for the JTS? I'm not a coder but if you need anything I'm able to help with, just let me know.
The 3C is doing awesome this week! I have it on 9 pairs on the M15 with a 5% risk. So far I'm up 38% for the week on my demo account!
Quoting wwaluyo
{quote} I have been active in this forum lately. Its very interesting to see it runs on M5 timeframe. What do you think Jess? Will,
wwaluyo:
By all means.. test it!! Please let us know how it goes.
Look for things like over profit per day or per week. Tell us how it fluctuates. The idea is to see that it CONSISTENTLY reaches profit during the day or week and then formulate a plan around that so that you can capture part of that profit.

J
Our AWESOME IMAGINATION is the true holy grail!
Quoting Reamasesa
Not in front of my screen so I can't post MyFXBook screenshots but it looks like Boloso is on a loosing streak with -200$ loss (-150$ if I close the current trades) and 3C is still hanging in there with +30$ (+150$ if I close the current trades). I say we're getting closer and closer I'm trading the M15, I'm curious if there are others trading higher TFs and what are there impression and performance with these EAs. J., When should we expect a version with the adaptive SL and the fix for the JTS? I'm not a coder but if you need anything I'm able...
Reamasesa:
Sorry, I have been busy with family events. I haven't thought of any criteria yet. About the only thing that did come to mind was a sort of time consideration.
For example if the new trade is not profitable on the next candle then start looking to see how many candles have passed since the trade was opened. If x candles we don't see profit then change the SL to the next lower/higher PIVOT. Or also if the trade falls immediately or within the next 3 candle and falls to 50% of the SL then close the trade ASAP. Price is moving in the opposite direction too fast so lets get out.

I will try to add this stuff and also get the profit thing fix as well as look into the JTS too in this next two evenings... otherwise I calculate next week I'll have those out. This weekend is GONE... I will be on travel and will not have time to open a laptop...

Please be patient...
Our AWESOME IMAGINATION is the true holy grail!
Quoting dallmanb
The 3C is doing awesome this week! I have it on 9 pairs on the M15 with a 5% risk. So far I'm up 38% for the week on my demo account!
dallmanb:
AWESOME. I just wish it was a real account LOL . when u get a chance show us the pairs... Once I get the SL adjustment in place then perhaps this will help at the least keep the account in place during the DD times so that when the 10-30% weeks come all those DD loses are restored.
Our AWESOME IMAGINATION is the true holy grail!
Quoting xmess7
{quote} dallmanb: AWESOME. I just wish it was a real account LOL . when u get a chance show us the pairs... Once I get the SL adjustment in place then perhaps this will help at the least keep the account in place during the DD times so that when the 10-30% weeks come all those DD loses are restored.
eurusd, usdchf, gbpusd, usdjpy, eurgbp, audusd, nzdusd, usdcad
Quoting dallmanb
{quote} eurusd, usdchf, gbpusd, usdjpy, eurgbp, audusd, nzdusd, usdcad
dallmanb:
thank you sir

BTW Guys I have been looking into the Currency Strength think and it works well for the moment, cause many times the life of the strength is just there for a little while, so I don't think we can use it effectively for what we do. However, Mr Rinho, on that 1x8 thread, does have a point. He mainly looks for certain pairs in he London and Asian session. I think his idea makes a lot of sense. I also agree with the NY thing. I always see good, descent, GREAT trades get smashed when the GRINGOs (NY session) wake up. They seem to mess everything up LOL.

BTW Gringo is an old Mexican label that was used when the Americans were occupying Mexico City, it original comes from the phrase "Green Go Home". When the US marines were in Mexico City the locals would tell them that phrase, basically saying "leave our country alone and go back to the US".

Anyhow, We may be able to use that info that Mr Rinho has provided to filter trade pairs. BTW that approach on that thread is originally from TRO, horizontal line trading. They have done a great job. I have already developed an indicator that uses 2 of the indicators they have and our pivot lines. I came up with signals that literally have no repaint. I will show u guys this soon. I think the strategy will be different, in that it may be more in line with scalping... I think..

Stay tuned... great things are coming.... keep up the cheer. Don't let the DD time fool you. Think that what u are seeing is but the type of the beginning of a great EQUITY curve.. In fact make it true to yourself. Fool yourself into thinking that this is so and just watch as it becomes reality.

Consider this:
If you have electricity you can generate magnetism or if you have a magnet u can generate electricity.
If you have motion u can generate heat or if you have heat you can generate motion.
So in similarly if a trader has joy/satisfaction when they see a great equity curve.
Then if the trader has joy/satisfaction now then that fantastic equity curve will follow.

Keep in mind that the joy/satisfaction you allow yourself to feel will fuel you to do things and SEE things others don't, that in turn get you to the that Equity curve... ATTITUDE!!! IT"S ALL ABOUT ATTITUDE>!!


Peace and have fun, a lot of fun cause we are in for a the best time of our lives...
Our AWESOME IMAGINATION is the true holy grail!
Quoting xmess7
{quote} Consider this: If you have electricity you can generate magnetism or if you have a magnet u can generate electricity. If you have motion u can generate heat or if you have heat you can generate motion. So in similarly if a trader has joy/satisfaction when they see a great equity curve. Then if the trader has joy/satisfaction now then that fantastic equity curve will follow. Keep in mind that the joy/satisfaction you allow yourself to feel will fuel you to do things and SEE things others don't, that in turn get you to the that Equity curve......
Well said, I love this part.

Best of luck on developing the new indicator. Hope everything goes as planned.

Cheers,
Will
Quoting xmess7
{quote} Reamasesa: Sorry, I have been busy with family events. I haven't thought of any criteria yet. About the only thing that did come to mind was a sort of time consideration. For example if the new trade is not profitable on the next candle then start looking to see how many candles have passed since the trade was opened. If x candles we don't see profit then change the SL to the next lower/higher PIVOT. Or also if the trade falls immediately or within the next 3 candle and falls to 50% of the SL then close the trade ASAP. Price is moving in...
J.,

If it came out I'm rushing you or anything, I apologize.
As for the SL, I think if we check for the local low in the last N bars it would be enough as long as it's less than the current SL. That will allow the trade to breath.
Quoting Reamasesa
{quote} J., If it came out I'm rushing you or anything, I apologize. As for the SL, I think if we check for the local low in the last N bars it would be enough as long as it's less than the current SL. That will allow the trade to breath.
Reamasesa: No problem, and the comment of patience that was just me blabbing. When it comes to working toward this objective I put aside any pride and only strive for PROFIT.... . LOL
Our AWESOME IMAGINATION is the true holy grail!
Quoting xmess7
{quote} Reamasesa: No problem, and the comment of patience that was just me blabbing. When it comes to working toward this objective I put aside any pride and only strive for PROFIT.... . LOL
I think it's time you know I got some runners, +600$ for both EAs.

Let's hope it ends well

3C only closed trades
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3C closed and open trades
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Boloso only closed trades
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Boloso closed and open trades
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Quoting Reamasesa
{quote} I think it's time you know I got some runners, +600$ for both EAs. Let's hope it ends well 3C only closed trades {image} 3C closed and open trades {image} Boloso only closed trades {image} Boloso closed and open trades {image}

Reamasesa:
3C is doing very well. The numbers u show remind me of when I was running the original Freebie demo back in November/December. Even though I had a balance close to BE or even somewhat negative the RUNNERS where the once that made the killings. I can see that once we get the SL and JTS it will improve some of those numbers especially for the stuff that is closed.

The BOLOSO in my view should be for now, used on a smaller number of pairs. It's more geared to take off but before that it can will suffer DD. Rememeber I still need to add the other side of the trade. So that will change things when that is in place too.

Kewl stuff... I like it.
Our AWESOME IMAGINATION is the true holy grail!
Alrighty, I want to share with you a couple of things that lately I "discovered". Actually for right now I will just show you what I put together based on Mr Robinho 1x8 thread. Like I said they are doing a great job with the H line trading. In fact once I get a chance I am going to code an EA for that approach. It has merit and at the least 90% of it can be programmed. What I mean by 90% is that the EA will do everything but the elements that I see from the trades Mr Robinho does will not all be there.

So what did I do?
I combined our failed pivot approach with their daily/hr open price indicators. Now, since we are dealing with pivot lines and daily/hourly open there is no REPAINTING involved. About the only thing that can change... is when price goes above or below the daily open or the hourly open. However at the least, once the candle closes we know that position will NOT change. The combination is of 3 indicators, filter, and the failed pivots. So far I have been observing that once the colors are determined that they don't change . PLUS by the time we get a failed pivot, the color of the daily or hourly open is fairly SET. I created the indicator to show us the arrows of possible trades. Look at the charts, in general most of the arrows point to great positions. Even the ones that are at an extreme still have a 10 pip move. I mean there are many ways to handle these puppies right? Heck!! look EURAUD just generated a SELL signal, if the trade was made it would of already been in profit.
Sorry for the zoom out but I just wanted you to see the big picture.

I am still playing with this setup. If you notice there are parts that have no arrows that would of made great trades. I noticed that perhaps we can trigger a trade when price touches the pivots in those areas. It would either be detected with the first touch or perhaps after some time. So I am looking at those portions to see how we can get signals from them. So FAR I have not seen the indicators repaint. Looks promising..

Let me get this fixed up and converted to an EA. If u guys are interested I'll post them and we can stat testing or come up with ideas..

Ok there is more coming.. I got two, no 3 more Projects I want to share with ya. Good stuff man... nothing but the best.
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Our AWESOME IMAGINATION is the true holy grail!
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