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Price Action Trading with Indicators! The Freebie System

  • #8,921
  • Edited 10:08pm Mar 7, 2017 11:12am | Edited 10:08pm
Quoting keysharp
Good start for the week. Going 24/5. Using default settings and 25 stop loss. But having to monitor the trades and when the trade reaches a semi-dot and the zig-zag is engaged then I close the trade. Almost all trades are being closed manually. {image}
good observations bro.
Btw u r done for the week!!
with that rate u can take 10k and in about 400 days turn it into a kool Mil.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,922
  • Mar 7, 2017 7:23pm Mar 7, 2017 7:23pm
Quoting xmess7
{quote} good observations bro. Btw u r down for the week!! with that rate u can take 10k and in about 400 days turn it into a kool Mil.
LOL YOU mean I can retire??
  • #8,923
  • Mar 7, 2017 10:08pm Mar 7, 2017 10:08pm
Quoting keysharp
{quote} LOL YOU mean I can retire??
No HELL NO! you never retire!! Retire implies to put away.. to stop using... to stop living LOL.!!

You simply move on to what you really want to do .
Our AWESOME IMAGINATION is the true holy grail!
  • #8,924
  • Mar 9, 2017 11:07am Mar 9, 2017 11:07am
Quoting xmess7
Update version 54 1. Fixed Set BE withAfterBE_KeepTP=No. For whatever reason the TP was not being removed. So what I did is just have it set to 1000 pips TP . 2. Made a change to Set_BE=OnOppositeSemaFor. I saw this sometimes work/other times not work. So, for those use it, let me know if it works. 3. Placed back the number of candles after a SemaFor from 5 to 3. I noticed that alot of losses could of been avoided had this been set to the original 3 as per rules in pg1. 4. Added a New cancel trade condition. If a new trade is found BUT...

Hello Dear Jess
can you help me about your set of V.54 ?
i tried to read more previous pages.....

Also. are you so kind to suggest me which charts are you using?
thanks a lot
raffus
  • #8,925
  • Mar 10, 2017 7:38pm Mar 10, 2017 7:38pm
Update on EA performance

Brokers FXChoice and ForexWare

The performance was ok. I thought that I was going to end up with losses for the week like -10% but the EA pulled it out on both brokers
Ended up with
Fxchoice: -0.05%
ForexWare -3.88%

So not the greatest but WAY better than losing a considerable amount.

So since we have not seen much from the settings I am using. I am going to make a change.

I am going to allow BE, with close half and let the rest go.
Lets see how that does next week.

Pairs I am using:
EURUSD, GBPUSD, EURAUD, AUDUSD
Our AWESOME IMAGINATION is the true holy grail!
  • #8,926
  • Mar 10, 2017 7:42pm Mar 10, 2017 7:42pm
Quoting raffus
{quote} Hello Dear Jess can you help me about your set of V.54 ? i tried to read more previous pages..... Also. are you so kind to suggest me which charts are you using? thanks a lot raffus
raffus:

For now just try the EA with default values.

Go to my download site:
http://xm7.info/ea/freebie/

There u can download the pdf that explains what each input is and does.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,927
  • Mar 11, 2017 11:47am Mar 11, 2017 11:47am
Hi,

I kept getting "Cannot call 'kernel32.dll::_lopen', DLL is not allowed" & "xm7_Freebie_EA_v52 EURUSDmicro,M15: unresolved import function call" on my computer.
I am on windows 10. Already allowed DLL import / alow live trading.

Same error when I run MT4 as an administrator.

I have searched this topic for that error, seems not getting any result.

What could be the reason?

Thank you.
  • #8,928
  • Mar 17, 2017 10:17am Mar 17, 2017 10:17am
Quoting keysharp
{quote} LOL YOU mean I can retire??
keysharp,

Sorry that I can not focus on the EA... getting too old.

Anyway I appreciate it if you would continue to share how the EA is going for you. I visit this thread off and on to keep up with the progress.

So please continue to share your testing results.

Also xmess appreciate your continued work on making this Freebie EA profitable over the long term.

Bruce
  • #8,929
  • Mar 17, 2017 10:47am Mar 17, 2017 10:47am
Finally, I think I have set up something that works. Beginning Monday evening I changed the SL and TP settings for each pair. The setting is basically TP=10 and SL=30.
So the end result this week was that trades were being closed by the EA and in profit. Willbe looking forward to next week.
Attached Image (click to enlarge)
Click to Enlarge Name: Forexware LLC.png Size: 124 KB
  • #8,930
  • Mar 17, 2017 11:04am Mar 17, 2017 11:04am
Keysharp,

Thanks. Are you testing on only those three pairs?

Bruce
  • #8,931
  • Mar 17, 2017 11:47am Mar 17, 2017 11:47am
Quoting brucech
Keysharp, Thanks. Are you testing on only those three pairs? Bruce
Yes, those four. I don't believe that all the pairs take the same setting. You may want to watch and adjust as necessary. Also the pairs with JPY I set up on only-3s and the Aud. The EUR is set for all dots.
  • #8,932
  • Mar 17, 2017 4:00pm Mar 17, 2017 4:00pm
I don't think the ea with the 3s setting is working. According to the chart there should have been several entries.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 47 KB
  • #8,933
  • Mar 17, 2017 6:22pm Mar 17, 2017 6:22pm
Quoting keysharp
I don't think the ea with the 3s setting is working. According to the chart there should have been several entries. {image}
I am experiencing the same thing. I had a descent week with both brokers BUT there were hardly any trades.
I'll look into this...

stay tune
Our AWESOME IMAGINATION is the true holy grail!
  • #8,934
  • Mar 18, 2017 8:56pm Mar 18, 2017 8:56pm
EA update.
EA v55 and Indicator v31 are ready for download.
I could not see anything in the EA that would cause errors, I did however notice that the EA
was taking the second candle instead of the 1st candle right after a 3C condition is found, so I adjusted that.

Previously I had found an error in the calculation of the pivots. This only happened on a Monday, so the rest of the week pivots were ok.
I thought that this error may of contributed to the EAs real good result that I had for the 1st two weeks, so I left the error on my copy.
Last week I did not see anything that showed me that the error was a benefit, so v55 has the error corrected for all of us.

I recommend you guys turn on for at least one pair the ShowDebug input set to Yes.
You want to monitor and ensure that the pivots that it reads MATCH what you see on the screen.
Plus any other conditions like HA color (short for red, long for green). The stoch cross. etc etc.
Just do it on one pair so the logs don't get too messy. you can also set indicator v31 and see if
the arrows it places match the trades the EA takes.

So for now I recommend that you guys do that and let me know if the EA missed any of pivots/HA/stoch/failed pivots, trend direction etc.
Note: For the pivots I only print the Highest, Lowest, and mid pivot point. That way you can match these 3 with what the xm7_pivot indicator
shows on the chart.

All in all it was not a bad week. Both brokers ended up with some positive profit +1 and +4% for the week.
I know it missed trades but considering that it made profit, that is what counts.

You can download the files at:
http://xm7.info/ea/freebie

Jess

PS: I fixed the links so folks should not have any problems download files. Let me know if you do have problems.
Our AWESOME IMAGINATION is the true holy grail!
  • #8,935
  • Mar 25, 2017 8:27pm Mar 25, 2017 8:27pm
Folks:

Well it was a so so week for the two freebies.
ForexWare ==> +4%
FxChoice ==>-13%

Yes, this is what I am getting. for whatever reason FXchoice is just losing while ForexWare is just haning in their. Both have the same settings too.

Well lets see what this week brings.
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #8,936
  • Mar 28, 2017 12:41am Mar 28, 2017 12:41am
hello ... is anyone using the template to trade ?
  • #8,937
  • Mar 28, 2017 5:23am Mar 28, 2017 5:23am
Quoting siti
hello ... is anyone using the template to trade ?
which template?
Our AWESOME IMAGINATION is the true holy grail!
  • #8,938
  • Apr 2, 2017 2:49pm Apr 2, 2017 2:49pm
hi all....
i know there are fixed rules for tp and sl....
but using the system by my own ...i want to ask you a question especially to xmess7 obviously...
ok ...i enter trade only with 3 level semafor sign... or 2 level semafor if this one touch the sschannel line ( that i use strongly to understand the max potential of each trade...)
but the questionis ... when you got a long trade open that move in profit zone... if appears a a 1 level semafor against your trade what is better to do? if appears a 2 level semafor vs your trade?....its better to close it?or to move your sl= actual price and enter in a no loss trade?
  • #8,939
  • Apr 4, 2017 1:21am Apr 4, 2017 1:21am
Quoting Gallauco
hi all.... i know there are fixed rules for tp and sl.... but using the system by my own ...i want to ask you a question especially to xmess7 obviously... ok ...i enter trade only with 3 level semafor sign... or 2 level semafor if this one touch the sschannel line ( that i use strongly to understand the max potential of each trade...) but the questionis ... when you got a long trade open that move in profit zone... if appears a a 1 level semafor against your trade what is better to do? if appears a 2 level semafor vs your trade?....its better to...

KeySharp was the one that was kinda working with that. I don't have that much experience, other than once we added something similar to the code.
It didn't work out as we had anticipated cause opposite semas kept popping up constantly killing the attempt to make profit.

Sorry that's all I know and have.
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #8,940
  • Apr 4, 2017 1:24am Apr 4, 2017 1:24am
Guys:
I forgot to post last week results:
Using v55
FXchoice --> 7% (it caught up to more than half of the -13% loss, right now it is at -0.04%)
ForexWare--> 4% (Today it is at 10%)
Our AWESOME IMAGINATION is the true holy grail!
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