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Price Action Trading with Indicators! The Freebie System

  • #8,801
  • Feb 2, 2017 10:27am Feb 2, 2017 10:27am
Quoting keysharp
Two days on-line and six trades. Looks very promising. Sorta makes one think using a demo is a waste of time. I will give it two weeks and go live. {image}
Can you please send me the inputs an the template you are suing please if you dont mind
  • #8,802
  • Feb 2, 2017 11:39am Feb 2, 2017 11:39am
Quoting kdaawwgy
{quote} Can you please send me the inputs an the template you are suing please if you dont mind
Suing? John are un in litigaction with a setting?? What's the charge? Who's the lawyer that took your case?? LOL
Just kidding kdaawwgy. We know you mean "using" .
Our AWESOME IMAGINATION is the true holy grail!
  • #8,803
  • Feb 2, 2017 11:47am Feb 2, 2017 11:47am
Quoting xmess7
{quote} Suing? John are un in litigaction with a setting?? What's the charge? Who's the lawyer that took your case?? LOL Just kidding kdaawwgy. We know you mean "using" .
LOL come on it was just a typo. The EA has been showing me flames and it doesnt take a lot of trades i dont know why now
  • #8,804
  • Feb 2, 2017 11:50am Feb 2, 2017 11:50am
Quoting keysharp
Here we go V47 stacked and still working. Only problem was that I had to catch the 50 pip SL and move it manually or I would have been stopped out early. {image}
John:
Could you please elaborate more on this chart. You mention that you had to move the 50pip SL cause it was to short. Which trade was the one that you had to adjust the SL for? Was it a stack or the initial trade? I assume from that pic you posted that you were talking about those last two buys, the ones to the left.

Also, what do you recommend for dealing with the swap issue? Should we added to the BE condition or make the EA readjust the TP to a level that will cover the swap. Of course if the swap is positive the EA would not have to.

Winning is easy, it's the losing side that we need to look at. We can then develop a strategy (martingale, cut of at x%, look for BE, etc etc) to get out with small loss or no loss.
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #8,805
  • Feb 2, 2017 11:53am Feb 2, 2017 11:53am
Quoting kdaawwgy
{quote} LOL come on it was just a typo. The EA has been showing me flames and it doesnt take a lot of trades i dont know why now
Kdaa:
Do you have the indicator on as well? That will show you arrows for potential trades. I know the arrows are like hindsight but they may help to tell you if indeed there are no trades on the pair you are using the EA on. If you haven't try it see what the indicator shows. The indicator arrows should fall at the same point as the EA trades.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,806
  • Feb 2, 2017 12:21pm Feb 2, 2017 12:21pm
Jess,
I am looking for a loss, but haven't found one yet. The time frame of Feb.1 @ 18:00 time frame, the second trade was a stack and the price topped out before it reached profit and it is this one that I moved the SL because there was not sufficient room for the PA to move. I was right.
Need to leave the swap alone. It doesn't happen very often. I believe that a Larger stop loss will mitigate this problem.
  • #8,807
  • Feb 2, 2017 1:31pm Feb 2, 2017 1:31pm
Quoting keysharp
Jess, I am looking for a loss, but haven't found one yet. The time frame of Feb.1 @ 18:00 time frame, the second trade was a stack and the price topped out before it reached profit and it is this one that I moved the SL because there was not sufficient room for the PA to move. I was right. Need to leave the swap alone. It doesn't happen very often. I believe that a Larger stop loss will mitigate this problem.
Don't worry LOL. The market will soon show it's face and trick this approach. That's when we'll probably see losses. That's the time to take note of when, how long before it reaches a certain pip distance (-pips that is), and then how long it takes to retrace to original entry. With this data we can then create a strategy to allow us to first recognize it, then plan an exit (for example x % loss or BE). This info is then programmed into the EA and well u get the idea...
Our AWESOME IMAGINATION is the true holy grail!
  • #8,808
  • Feb 2, 2017 10:36pm Feb 2, 2017 10:36pm
Folks:
I got some interesting news. I plan to add some code to the ZigZag upperTrend filter that may help improve on trend detection. IF I can get the correct parameters in place then we can see a probability of up to about 95% that the zigzag will be telling us the correct direction. Even if it retraces the Zigzag will be able to signal the continuation of a trend. This weekend I will be looking into this and hopefully Monday I will be in the code.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,809
  • Feb 2, 2017 11:48pm Feb 2, 2017 11:48pm
Xmess7 can you explain Auto trend Open Price. Does it work by a semafor and green candle above the open price for a buy and a semfor and red candle below the open price for a sell.
  • #8,810
  • Feb 3, 2017 5:56am Feb 3, 2017 5:56am
Ok Jess, Hurrah, I got a loss. Doesn't make sense, it opened and closed so quick that the P and SL were not set. In the pic I left the history tab open.
Attached Image (click to enlarge)
Click to Enlarge Name: Forexware LLC.png Size: 100 KB
  • #8,811
  • Feb 3, 2017 9:43am Feb 3, 2017 9:43am
Quoting keysharp
Two days on-line and six trades. Looks very promising. Sorta makes one think using a demo is a waste of time. I will give it two weeks and go live. {image}
Keysharp,

Are you manually trading or using the EA?
  • #8,812
  • Feb 3, 2017 10:15am Feb 3, 2017 10:15am
Quoting keysharp
Ok Jess, Hurrah, I got a loss. Doesn't make sense, it opened and closed so quick that the P and SL were not set. In the pic I left the history tab open. {image}
John:
That looks like an error. IF the EA finds that it cannot place the correct SL or TP, it will close any trade that it opened. Consequently it will close at the loss of spread.
Look at your Expert Tabs and see if u find the error. In addition to showing that there was an error, it will show the SL and TP values it tried to apply to the trade.

Need to see why it did this. Do u have the SL placed manually in the inputs or are u letting the EA determine the SL and TP?
Our AWESOME IMAGINATION is the true holy grail!
  • #8,813
  • Feb 3, 2017 10:19am Feb 3, 2017 10:19am
Quoting xmess7
{quote} Kdaa: Do you have the indicator on as well? That will show you arrows for potential trades. I know the arrows are like hindsight but they may help to tell you if indeed there are no trades on the pair you are using the EA on. If you haven't try it see what the indicator shows. The indicator arrows should fall at the same point as the EA trades.
I have it on but no trades still thought it would open something today but none was open
  • #8,814
  • Feb 3, 2017 10:37am Feb 3, 2017 10:37am
Quoting Checkz
Xmess7 can you explain Auto trend Open Price. Does it work by a semafor and green candle above the open price for a buy and a semfor and red candle below the open price for a sell.
Checkz:
The Open Price filter basically looks see if price is above/below the open price at start of the higher Time Frame. If price is above the trend is considered long and vice versa for short. So for example if your higher tf is the week the EA will look to see if current price is above/below the open of this week and then use that value to determine trend direction.

I see that you thought it was something else. IF you are interested I can add that logic you indicate. Let me know.

I plan to start next week my testing and I am sticking with the ZigZag and/or 20sma.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,815
  • Feb 3, 2017 10:41am Feb 3, 2017 10:41am
Quoting kdaawwgy
{quote} I have it on but no trades still thought it would open something today but none was open
kdaawwgy:
let me know what broker you are using and I will try a demo on next week to see if I get the same results.
If you had used the previous EA do u think you would of had more trades?? Anyhow, set ShowDebug=yes. That will print alot of information into the Experts Tab. What it prints is stuff that the EA "sees" and "does" before any trade is taken. We can exactly what the EA is doing as it setups or prepares to find a trade.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,816
  • Feb 3, 2017 10:41am Feb 3, 2017 10:41am
We seem to have a problem. Have been gone for about three hrs. and came back to this.
Attached Image (click to enlarge)
Click to Enlarge Name: Forexware LLC.png Size: 106 KB
  • #8,817
  • Feb 3, 2017 10:46am Feb 3, 2017 10:46am
Here is the expert tab:
Attached Image (click to enlarge)
Click to Enlarge Name: Forexware LLC.png Size: 107 KB
  • #8,818
  • Feb 3, 2017 10:46am Feb 3, 2017 10:46am
Quoting keysharp
Ok Jess, Hurrah, I got a loss. Doesn't make sense, it opened and closed so quick that the P and SL were not set. In the pic I left the history tab open. {image}
John:
I think you are using the previous pivot version. Be sure to re-download the pivots v3 indicator. I made a change and corrected some issues it had. Since I already have version 4 I didn't change the version on this one and kept it at 3. Version 4 contains larger TFs. Yea some client wanted yearly pivots and also quarterly (3 months) pivots. They also wanted to the option to be able to place all TF pivots on the current TF. Maybe later I'll introduce it. But since we don't need that much info for freebie, I just made the update to v3 and left it at that.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,819
  • Feb 3, 2017 11:04am Feb 3, 2017 11:04am
Quoting xmess7
{quote} John: I think you are using the previous pivot version. Be sure to re-download the pivots v3 indicator. I made a change and corrected some issues it had. Since I already have version 4 I didn't change the version on this one and kept it at 3. Version 4 contains larger TFs. Yea some client wanted yearly pivots and also quarterly (3 months) pivots. They also wanted to the option to be able to place all TF pivots on the current TF. Maybe later I'll introduce it. But since we don't need that much info for freebie, I just made the update to v3...
ok will check and change.
  • #8,820
  • Feb 3, 2017 11:11am Feb 3, 2017 11:11am
Quoting keysharp
Here is the expert tab: {image}
EDIT: I meant that the TP should be lower than the open price. ... The SL is ok. IT's above the open price since this is a sell situation.

John check and see if what the EA is using is that last high 3sema dot. Tell you what get both values for those two 3sema (the high and low one).
I think that is the problem. Did it do this with the previous buys u had??
Our AWESOME IMAGINATION is the true holy grail!
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