Price Action Trading with Indicators! The Freebie System | Page 433 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Freebie 1 min trading method 1,227 replies

Naked Trading Using Price Action (No Indicators) 32 replies

Pure Price Action Trading - NO lines or indicators 49 replies

Help adding a filter to the Freebie Indicator 3 replies

EUR/USD Trading Price Action System 2 replies

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

Price Action Trading with Indicators! The Freebie System

  • #8,641
  • Jul 25, 2016 8:13am Jul 25, 2016 8:13am
Hmmmm.... the initial trade is at 40 pips, the 1st stack is at 20 pips, stacking is set to 10 pips (I dropped the new EA on an already existing trade, that's why it opened at 20 pips and not 10 pips), but there is no second stack.
There's nothing in the logs, only the "before" and "after" messages.
  • #8,642
  • Jul 25, 2016 9:45am Jul 25, 2016 9:45am
Ea has been active all morning. Just a couple of concerns- seems that when a trade is taken the SL is not set according to setting. Also I wonder if a 50 pip SL setting isn't too close? Also wonder if the BE isn't causing some trades to close prematurely.
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4 FinFX.png Size: 204 KB
  • #8,643
  • Jul 25, 2016 9:57am Jul 25, 2016 9:57am
As the chart shows the stacking was done but the SL was set up at 50 while the ea setting is 100. Therefore all the stacking trades closed in negative because there was no room to move. This is why this account is being nickled and dimed into a loss.
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4 FinFX.png Size: 159 KB
  • #8,644
  • Jul 25, 2016 10:56am Jul 25, 2016 10:56am
Quoting Reamasesa
So, before I'll tryo to break anything X, can you repeat how the SL/TP/JTS is working for the stack or the entire trades once the initial conditions has been met, please? Thanks.

SL (or TP) this is set at 1st trade, supposed to be AS IS (Keysharp is not experiencing that though so need to look into that).

JTS - This takes place only after a trade has gone positive. Once the trade is positive the EA will wait for price to move a 2 steps before moving the stop loss to openprice + step. After the 1st step is in place then that is considered the new openprice. The EA will then wait until price has reached new openprice +2 steps before moving the stop up 1 step (new openprice + 1 step). The reason to wait for price to reach 2 steps beyond the new openprice so price has room to move. Otherwise if the EA were to move the stoploss every time price reached 1 step, then price would only have that range of step to move.

For example. TrailStop= 5 pips.
Every time that price moves 10 pips the stop is moved 5 pips above the previous price level that it was at. So price has 10 pips to move before being stopped out, otherwise if the stoploss was moved every time price moves 5 pips then price would only have 5 pips to move around with.

Stacking - This place only after trade has gone positive. The EA waits till price is 1 stackstep beyond last open price. It places a stack trade with stop at last openprice. So in this case price only has 1 step range to move around in. This is one problem I see with what I am testing. I get a lot of stacks but they get stopped out. EA will continue to place stacks as long as it doesn't reach MaxStacktrades . The stack trade will always by one step beyond the last stack, no matter if the previous stacks have stopped out. so one possible solution is to do as in the trailing case. Have the stacks activated with price reaches 2 stacksteps. This way the stack will have more room to move around with.

hope this makes sense
Our AWESOME IMAGINATION is the true holy grail!
  • #8,645
  • Jul 25, 2016 11:18am Jul 25, 2016 11:18am
Quoting Reamasesa
Hmmmm.... the initial trade is at 40 pips, the 1st stack is at 20 pips, stacking is set to 10 pips (I dropped the new EA on an already existing trade, that's why it opened at 20 pips and not 10 pips), but there is no second stack. There's nothing in the logs, only the "before" and "after" messages.
Just to make sure I am clear on your statement, did price move 10 pips after the last stack (from the initial one u saw) ? AND I assume that the 1st stack was not stopped out right?

OK OK wait a minute.

Since there was already a trade at +40 pips. when you dropped the EA on the chart (with stackstep=10) you should of gotten a new stack trade right at 40 pips with a 10 pip stoploss (+40 > 10 pips triggers a stack trade). then the next stack would happen when from that price (where the new stack opened) price has to travel 10 pips.

Hmmm question was that the only trade on that pair or was there another trade on the same pair??
Our AWESOME IMAGINATION is the true holy grail!
  • #8,646
  • Jul 25, 2016 11:19am Jul 25, 2016 11:19am
Quoting keysharp
Ea has been active all morning. Just a couple of concerns- seems that when a trade is taken the SL is not set according to setting. Also I wonder if a 50 pip SL setting isn't too close? Also wonder if the BE isn't causing some trades to close prematurely. {image}
John:
I'll take a look at the 50 SL. Strange the code shows nothing that would change it once it is set...
Our AWESOME IMAGINATION is the true holy grail!
  • #8,647
  • Jul 25, 2016 11:23am Jul 25, 2016 11:23am
Quoting keysharp
As the chart shows the stacking was done but the SL was set up at 50 while the ea setting is 100. Therefore all the stacking trades closed in negative because there was no room to move. This is why this account is being nickled and dimed into a loss. {image}
keysharp:
As I mentioned above this stacking stoploss is dependent on the stackstep you pick. If you pick 5 then the stop is 5 pips.
I am going to modify this so that it works similarly as the trailing stop does.

That is place a stack only after price as reaches 2xStackstep and make BE also do the same. That is only set BE for a stack that has moved 2 steps beyond.

Last week in my testing this was part of the drawdown, a lot of steps where stopped out. The good thing was that the initial trade and whatever stack survived made up for the losses when they went into good profit.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,648
  • Jul 25, 2016 11:32am Jul 25, 2016 11:32am
I beleive my problem with the stack is that each addition is a trade and spread must be calculated in the step. So I have gone to 10 on the stack step. no BE and 100 pip SL.
  • #8,649
  • Jul 25, 2016 11:47am Jul 25, 2016 11:47am
Quoting keysharp
I beleive my problem with the stack is that each addition is a trade and spread must be calculated in the step. So I have gone to 10 on the stack step. no BE and 100 pip SL.
Yep I will add that into the next version. Right now the Ea will compare the stackstep with spread and if stackstep is smaller it will set stackstep=spread.
No problem. The spread will be added to the stack.

On thing though. The 100 pip SL will not be applied to the stack. The stackstep stoploss is currently only the step itself. So you could put 1000 SL but as far as a stack is concerned it's stoploss will only be the stackstep you enter.

NOW if you set BE or A TrailingStop Seto then that will move the stack stop stoploss.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,650
  • Jul 25, 2016 3:49pm Jul 25, 2016 3:49pm
Quoting xmess7
{quote} Just to make sure I am clear on your statement, did price move 10 pips after the last stack (from the initial one u saw) ? AND I assume that the 1st stack was not stopped out right? OK OK wait a minute. Since there was already a trade at +40 pips. when you dropped the EA on the chart (with stackstep=10) you should of gotten a new stack trade right at 40 pips with a 10 pip stoploss (+40 > 10 pips triggers a stack trade). then the next stack would happen when from that price (where the new stack opened) price has to travel 10 pips. Hmmm question...
Hi,

1st trade was at 20 pips, dropped the new EA, it opened a new stack right there, 1st EA reached 45 pips, 1st stack reached 25 pips, no new stack trades even though price has advanced 2 steps in the stack direction.
Also, BE is working, I have the 1st trade and 1st stacj at BE but I would like to come up with a way to close them both in profit no matter what.
Still didn't reach my JTS 2ns level, so I can't comment on JTS at the moment.
  • #8,651
  • Jul 25, 2016 4:22pm Jul 25, 2016 4:22pm
Quoting Reamasesa
{quote} Hi, 1st trade was at 20 pips, dropped the new EA, it opened a new stack right there, 1st EA reached 45 pips, 1st stack reached 25 pips, no new stack trades even though price has advanced 2 steps in the stack direction. Also, BE is working, I have the 1st trade and 1st stacj at BE but I would like to come up with a way to close them both in profit no matter what. Still didn't reach my JTS 2ns level, so I can't comment on JTS at the moment.

Ok,
I am looking into this part of the function. We got a couple of scenarios. 1st let me explain normal operation then the possible use of BE and/or Trailing stop on Stacks. I'll address the placement of a stack option when there is already a trade. I assume u used the same magic number right?

Current Stack Operation:
1. EA detects a trade is on. If trade is in positive pips, then EA looks to see if price is at or greater than opentrade price + stackstep. If that is the case a new stack trade is opened with a it's stoploss at stackstep distance to previous open of first trade. EA now pays attention to new stack trade open price. If price is greater than new stack open price by stackstep, Ea places a 2nd stack trade. EA only pays attention to last stack open price to determine if a new stack trade is to be opened. so even if the previous stacks where to stop out the EA would continue to place new stacktrades based on last stack that is still opened. It will do this until margin is done or if you have set MaxStackTrades.

2. TrailStop. Currently this is the only input that will affect the stoploss of the stack trades. BE does not have any affect on stack trades, BE only applies to the 1st trade.

Given the above info here are some scenarios I can program or not program into the EA:

Option 1 - Have current Trailstop control move of stack stoploss. Have BE only be set one time per stack if price reaches 2 * StackStep. BE will be separate from regular BE that only affects initial trade.

Option 2 - Have separate input for Stack BEs

Option 3 -2 Have separate control for Stack TrailStop. Since this will move the stoploss then maybe we don't need to other with control for stack BE.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,652
  • Jul 25, 2016 4:24pm Jul 25, 2016 4:24pm
Quoting Reamasesa
{quote} Hi, 1st trade was at 20 pips, dropped the new EA, it opened a new stack right there, 1st EA reached 45 pips, 1st stack reached 25 pips, no new stack trades even though price has advanced 2 steps in the stack direction. Also, BE is working, I have the 1st trade and 1st stacj at BE but I would like to come up with a way to close them both in profit no matter what. Still didn't reach my JTS 2ns level, so I can't comment on JTS at the moment.

I'll also be testing the scenario you indicate where there is already a trade.
BTW u don't need the ShowDebug=Yes anymore just set it to "No". Don't need all that "Ready to Rock" printed in your terminal LOL.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,653
  • Jul 25, 2016 4:32pm Jul 25, 2016 4:32pm
Quoting keysharp
As the chart shows the stacking was done but the SL was set up at 50 while the ea setting is 100. Therefore all the stacking trades closed
in negative because there was no room to move. This is why this account is being nickled and dimed into a loss. {image}


What do u have your StackStep set to? 50 pips?
Do you have shots of where the EA just took a trade, I want to see what the SL is when that happens.

Plus if you could please ShowDebugInfo=Yes. I have on print statement that happens RIGHT before the trade is taken.
The print statement contains the stop loss, You can compare that value with what is placed on your charts.
The print statement looks like this:
If BUY==>Ready to rock: Buy Order: Ask=x.xxxx sl=x.xxxx tp=x.xxxxx
If SELL==>Ready to rock: Sell Order: Sell=x.xxxx sl=x.xxxx tp=x.xxxxx

Lets see what that tells us.
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #8,654
  • Jul 25, 2016 11:49pm Jul 25, 2016 11:49pm
Quick update.

I just added a separate BE and trailstop step for the stack trades.

The BE will be 2*stacktrade step and the trailstop will also have a 2* stacktrade step.

I didn't make it flexible for the moment I just want to see how much of a dynamic price move it takes to take these guys out.

Obviously 5 pips was not enough. Perhaps this weekend I could make the steps align with ATR or a fraction of it.

I'll post the updated EA in a couple of days, for now let me SEE what's up.

I'll keep you posted. So far this week -26 on the 3C tests.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,655
  • Jul 27, 2016 9:55am Jul 27, 2016 9:55am
Thanks, X.
I'm disabling the stacks for the time being as they are hitting SL nearly all the time.
  • #8,656
  • Jul 27, 2016 11:27am Jul 27, 2016 11:27am
Quoting Reamasesa
Thanks, X. I'm disabling the stacks for the time being as they are hitting SL nearly all the time.
Yep, I have done basically the same by moving the step to 20.
  • #8,657
  • Jul 27, 2016 11:36am Jul 27, 2016 11:36am
Update on 3C test

So far this week the account has taken a good hit 30%. I attribute it to the stacks hitting SL and just building the losses.
Lets see if the update of stack trailstop will alleviate this.

So far since I placed the update for the stack BE and trailing stop the EA has now caught on to a couple of pairs and the trades are building up nicely.
There have been stacks that were stopped out but not as much as before. The original trades are at BE and the stacks that survived are also at BE.
This little basket with it's stacks is starting to form nicely.

Reamessa you may want to do as KeySharp did. Set the Steps to 20, more room for Stacks to breathe with. etc etc.

Ok, will update later on progress...

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #8,658
  • Jul 28, 2016 12:06pm Jul 28, 2016 12:06pm
Update on 3C testing.

Guys:
I got the chance to monitor one trade activity. I was there when USDCAD started trading with stacks. I have observed an issue. Seems that the stacks are still getting stopped out at the step size even when the trailing step moves the stops 2 times that. I am looking into this and will fix it.

Expect updated EAs by this Friday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2016-07-28 08.58.30.png Size: 58 KB
Click to Enlarge Name: Screenshot 2016-07-28 09.38.08.png Size: 60 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #8,659
  • Aug 2, 2016 3:19pm Aug 2, 2016 3:19pm
Hi,

Didn't have much time to sort everything out so I still have the stacking on.
That's how it looks on a bad day

Gonna make the time to weed out the "ugly" pairs, those with high swap and such, and re-initialize my tests regarding profitable pairs but without stacking.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDM15.png Size: 57 KB
  • #8,660
  • Aug 2, 2016 7:02pm Aug 2, 2016 7:02pm
Hey!

I am still running the test and it is not working out. It has taken good losses and then it tries with the stacking but not enough.
Now I am going to try the flip trade. Since many of the trades start out losing I am going to see to it that I GRAB the winners in that fashion, with a flip trade.

This may become a scalper EA LOL

I'll bring good tidying's soon!
Our AWESOME IMAGINATION is the true holy grail!
6 traders viewing now