LRSF - TMS Expert Advisor

Hello guys, I don't want to create too much mess on this post but I want also to inform you all
Jans, if you feel like this is just creating too much mess, feel free to tell me and I will keep it "private".

Actually this week I'm going life with the EA, manual and automatic trades, but I guess that 90% of the trades will be manual, Problem is that actually I will not be able to know what trades were initiated by me and what trades by the EA, so I will take notes about my trades. My manual trades are not perfect and I usually enter sooner than I should hoping to capture a better movement, we will see at the end of the week and compare the trades made by the EA and trades made by me.

Said this, in parallel, in demo account, I'm going to test the new approach that came to my mind, this approach consists in the following...

The EA is well coded enough to be able to get you out of a very bad trade, in small profit usually or BE, which is really nice, said so, If after I enter a Trade I see price is going against my trade, I will open another position in the opposite direction (If I did a Long I will then open a Short), In this way, even in a not favorable trade, I will still capture some profit from the trade while the MeMe Trade will eventually close in BE or small profit.

So basically I will open same normal trades in both accounts (Demo and Life) but the Demo trades will probably have extra SELL orders while the initial trade was a BUY if the trade started to go the opposite and trigger some MeMe orders and viceversa. In this way I will compare the profits for a week (I know is very short time for this test, but well, I will keep this forward test for some time more if a week is successful).

I hope I explained it correclty and everyone understood what is going on from my side.

Interesting project, mate..being curious how it will do. Don't forget to change the max spread in the new EA, 10 (points) should be too little for most currencies...

I read a repeatedly all 9 pages
I'll try to run in real time and see what will happen during the week. Thank you.

has anyone tested this with the original entry method (i.e. TDI/ Sto) ? - i noticed it defaults to break of 5MA as entry.

would be interesting to see how TDI/Sto and compared with default of 5MA

Oopps,

I was going to trade life, but it seems that the version is not allowing it... Jans, could you be so kind to share it to trade life?

Thanks!

In the new version, is it normal that we cannot see LIMIT Orders of MeMe? Are they hidden?

Version 15 is able to trade life, however, this appears in the "Mode":

Ah, you have not seen the change-list that came with version 16.
Limit orders will now be postponed until the profit drops below -5 pips.

Officially live-trading is not supported. When I switch it ON it will allow just ONE open position. That is all to protect you and me against disasters.
Version 15 has "a bug" in that it didn't detect that it was not on a demo account.
Please use version 16 on a demo account and only copy the trades that you think are good.
I am sorry for the inconvenience, but I have learned the hard way that this is the way to go.
Remember that there are still bugs in the program, and with me trying to solve them I can not guarantee that I do not introduce new bugs. So every version needs some time in the demo world before I trust them with real money.
Cheers...

I see! I just answered you by PM about the bug in V15 allowing you to open multiple positions in Life

I'm actually trading manually by using the script, so I will keep V15 for Life and V16 for Demo, I need to so some testings on V16 because I think is not able to open BUY SELL Orders at same time even using different Magic Numbers and the Script specifying the Magic Number... Anyway I will test it further today.

Kind Regards,
Jimm

Protections and safe-guards in the LRSF TMS EA.

I included several security mechanisms in the EA. To protect you and me against bad trades and abuse of the program.
The list below applies to the automatic trading feature. Manual trading and using the EA as trade manager is not restricted:

1. In principle I do not like to use the autotrader to work on a live real account. So I have set it default to only work on a demo account. Bugs from the past and future can quickly demolish an account. So an EA needs to be tested for many months on many markets by many people before it can be trusted with real money.
   Once I feel confident with my EA I will lift this restriction.
2. In a different part of the program, I have coded a limit so that on a real account just one single open position is allowed. That position must be closed before a new position can open. In case the EA produces bad trades it will sink your ship slowly.

The following limitation are equal for demo and real trading.

1. No multiple trades on same bar. In the past I had a problem with trades that would keep opening after I or the BE-protection closed them. I call this oscillating trades. This would eventually lead to a trade that can not go profitable. Now I simply check the closing time of the last trade of the current pair and refuse a new trade for a couple of hours on that same pair.
2. There is a time limit of 3 months on every version. This is to make sure that everyone uses a recent version of the program, with less bugs. This is also needed for myself because my project contains a lot of include files and I can not keep older versions up to date with newer include files. At some point I have to drop support for older versions. I support 4 versions of the trader, the last stable one, the latest released one, the one that I am testing for release and the future version. (At this point in time thats version 15, 16, 17 and 18).
   The 3 months is plenty of time for a newer version to appear.

Updated scripts
Found a little bug in the scripts. The parameter MagicNumber was not used consistently.

For normal use you shouldn't notice any difference.
Cheers...

You are the boss Jansb

Thanks for it, works as expected!

Hello Jansb,

You are building your expert, and i see you are talking about protections.

You can browse the code of this shell, i know they build into it lots of protections of all types.

You are a wonderful coder, that is no doubt, but it can give you ideas.

Hi jansb000,

I'm running a stress test of ver 16 of your EA on VPS. All pair of major currencies plus some exotics, silver and gold.

Default settings, except:
starting lot - 0.04
max lot - 0.1

https://www.forexfactory.com/zeramlakireg#acct.79

Cheers

Thanks Jan, couldn't have done it without your Ea

hi i have a question:
i read all post from the beginning but i didn´t find an information on what timeframe i should use the ea? H4?
should i use the default settings?

As per Trading Made Simple Strategy rules, 4h.

thanks for the info, so i will try the ea on a bunch of pairs lets see how it goes

If you are going to use this EA, I suggest you to read and learn the TMS Strategy,

Kind Regards,
Jaime