LRSF - TMS Expert Advisor

Quoting jansb000

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{quote} Noooo.... it trades the TF that is currently active on the chart. So, if you have a chart on H1 then the EA will look for signals on the H1 TF (and confirmation in the higher timeframes H4 and D1). It's just that I always test the EA on H4 as that is the TF that was originally used in the TMS thread. But the original poster from that thread (BigE) also used H1 sometimes (and even lower) to find better entry points. Specially between London Opening and New York Opening he often used H1 for his entries. To calculate the distance for TP, SL...

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Quoting kopip

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Thank you for big contribution! Are you guys forward testing this ea? I found this thread 6days ago i wanted to test it but my internet is not available til Sunday... How is the result? Thanks ( sorry for my englsih

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Quoting jansb000

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... here is version 17 ...

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 * 10-04-2018 Version 1.17
 * The main aim of this version is to separate all the trade-checks that have to do
 * with the TMS algorithm from the checks that have to do with other stuff.
 * - Parameter MonitorOnly replaced by TradeMode. Added two new modes ONLY_SELL and
 *   ONLY_BUY. This enables the EA to specifically search for trades of the given
 *   type.
 * - Added parameter SpreadLimit. This was requested by some of the thread-readers
 *   to make it possible to set the spread higher to trade GOLD and GER30.
 * - Bugfix: do_open() would always fail because the new trading modes ONLY_BUY and
 *   ONLY_SELL where not detected properly.  
 * - ntr_check() now aborts when sigdir(tf_nxt) is not conclusive (performance).
 * - Added functions draw_srlines(), DrawHLine().
 * - Deleted function DrawEllipse().
 * - Bugfix: delete_all_gfxobj() sometimes did not delete all objects.
 * - Enhanced error messages so they will show location of error.
 * - Relocated the calculation of profit-pips in do_manage() to be near the top.
 * - Added variable SRLineColor.  
 * - Moved check for spread to ntr_check_symbol().
 * - Moved check for drawdown to ntr_check_generic() (but its not active yet).
 * - Moved check for bar-timing to ntr_check_symbol() (but its not active yet).

 * - Added the opening of a shadow-order to do_open(); We call it the v_order.
 * - Closing position now uses find_oldest_order() and delete_pending(). We now
 *   support the USA-rule to close oldest order first. And code is simpler.
 * - Bugfix: The profit was sometimes reported wrong in notifications. Reason: It
 *   would report the profit from a random single order out of the position. Now
 *   the SUM of all orders in a position is reported.
 * - Bugfix: The problem with the low number of trades per week seems to be solved.
 *   Reason: the signal direction was determined with a MA10 but TMS is based on
 *   MA5. By the time the sigdir was settled the best entrypoint for TMS was already
 *   past. This was a design flaw that was coded correctly!
 * - Renamed the include with string-functions to <inc_string_functions.mqh>.
 * - Collected timeframe-functions in a new include <inc_tframe_functions.mqh>.
 * - Added function trigger4tframe() to <inc_tframe_functions.mqh>.

Quoting jansb000

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Hi all, here is version 17: {file} This is a lot like version 16, but with some stuff that we have been discussing lately. And I think I solved the bug that caused the very few trades. Use it on a demo account!! Cheers...

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Quoting J1mm

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V1.7 setup and ready for next week Maybe you could have a look at this, I think is interesting way to recover a trade... Basically follows this theorical trade recovery example... {image} {file}

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Quoting J1mm

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... I think is interesting way to recover a trade...

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Quoting jansb000

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{quote} This video describes exactly that method: https://www.youtube.com/watch?v=DJz4E7VyeSw My previous project for making a trading program implemented that method, and I called it "Bandwidth Trading [BWT]". This method works in theory, but in practice has a couple of weaknesses. First of all, it does work. Eventually your trade always comes out and its with break-even or (as I implemented it) with a little profit. However, in ranging markets the edges of the bandwith (or recovery area) keep getting hit and every time you have to increase...

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Quoting J1mm

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{quote}...The example of the video shows 50 pips and 200 pips TP, maybe playing with lower values could be interesting...

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Quoting jansb000

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{quote} In my implementation I had the gap-width as a parameter. I started with 50 pips, but tested with 30 pips, 70 pips and finaly found that 100 pips works best. You need to give the price some space to breathe before opening a hedge order, otherwise you will get flooded with buys and sells. The guy from the video runs a company where they do this trading for investors and they use 200 pips as a gap before an opposite order is opened (I think he says that near the end of the video, but there are other video's with him as well). So even with that...

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Quoting jansb000

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Hi all, Today it's time for an update of the LRSF-Indicator: {file} You may notice that the indicator is now drawing a little rectangle: {image} This is a first implementation of a Weekly Control Candle as described here: https://www.forexfactory.com/showthr...7#post10472907 It comes down to that we can use the high and low from the previous week to decide if we want to trade BUY or SELL. This is just a visual aid. It is up to you to decide if you want to use it. The EA is not using it at the moment, but since there has...

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Quoting jansb000

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Hi all, Today it's time for an update of the LRSF-Indicator: {file} You may notice that the indicator is now drawing a little rectangle: {image} This is a first implementation of a Weekly Control Candle as described here: https://www.forexfactory.com/showthr...7#post10472907 It comes down to that we can use the high and low from the previous week to decide if we want to trade BUY or SELL. This is just a visual aid. It is up to you to decide if you want to use it. The EA is not using it at the moment, but since there has...

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Quoting kofix11

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{quote} Thank you, but it would be very usefull to have the GMT time... And is it possible to add swap rates {image}

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Quoting J1mm

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{quote} Jans, what EMAs are you using in your chart?

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