LRSF - TMS Expert Advisor

What do you think about this one, not taken.

Not at home, shift + D was not working and no time to check.

According to Jansb's strategy, he needs confirmation from next higher and next-next higher TF. But I'm not sure which one he is using for... Is it MA5, HA candle or TDI,...? It would be better if he could share the strategy here

Regards,

Pervis is right. The trends on all three timeframes must be alligned. (And it is the EMA5 that I am checking on all timeframes).

In this case the trends (indicated by the 3 stars) are not all the same color and therefore we get no trade.

In this case the EA expects that the current buy signal is just a little retrace and it wants to wait for the next move down.

Question: Do we really want the next AND next-next higher timeframe to be aligned or just the next. In other words when we trade the H4 do we just check the D1 or do we check the D1 AND the W1 before we dare to take the trade.
I am starting to think that maybe I should drop the demand for the next-next timeframe. (Or make that cholice a parameter).
Cheers...

Hi Pervis,
my goal is to implement the Trading Made Simple strategy. In post #1 you will find a link to it. I think there is no need to describe it here as it is a well established and documented strategy. The problem is that my EA does not seem to take all the opportunities that we humans see. That is a flaw in the program that I still have not found. I am working on it.
For the time being we can take trades manually with the scripts that I provided (see post #1). The EA will then function as a trade manager.

Also, in the parameters, you could choose the PAC entry method. That will take a lot more trading opportunities.
Cheers...

Weekly trend is maybe too excesive I would say checking D1 should be enough... Maybe and I say maybe, even checking 1H trend to be sure but maybe this is just dumb and always would be the same as the H4 in our entry...

hi Montego

Could you share what Broker you usage for test ?
because I find some Broker can't open trade for this ea. thanks

Dear Jansb,

6 months ago, I stumbled to TMS thread and become fan of that strategy. I worked hard, read hundred of pages, completely understood the strategy and started manually on demo account with 60% success. After lot of hard work, I came to know that maybe this strategy was working before but now it caught the eyes of brokers or whatever because most of crosses / signals even on 4H time frame were fake.

Then I started searching on FF for TMS experts and found some EA's and tools (dash boards) based on this TMS idea. There are many threads with same aim as yours to make an EA to copy trading style and strategy of Big E and some are really working same like Big E's trading style. I don't know if this is discussed earlier in this thread or not (my apology for this), and also I have not yet tested your EA completely (again my apology for this) however I am continuously following your thread.

If you don't mind, I just want to share here, Only if you allow me, link to an EA and a Dash Board thread which are 100% based on TMS. I believe, you must know about this, in case it may helpful for all of us here.

HI Bud i have sent pm, as don't want to cause problems by mentioning brokers on the thread.

hi jansb
I find some error in log
2018.05.09 22:21:57.177 BiM_LRSF_17_1 GBPCAD,H1: Error: failed to execute OP_BUY/OP_SELL, after 11 retries [XOrderSend,750]
2018.05.09 22:21:57.177 BiM_LRSF_17_1 GBPCAD,H1: Error: non-retryable error: invalid price [XOrderSend,734]

I use default setting for EA, do you know what happen , thanks you shear your EA.

I want to keep this thread dedicated to this project. However, for those who just want an EA that does all the trading for them I invite you to post an overview of the results you found and links to those threads. I want to prevent to much discussion about other systems here. I take it they all have their own threads.
Cheers...

Not right now (well the opening price in the order was not accepted by the broker). But the reason is not clear yet. Could be that the price moved very fast which happens now and again.
But I like your post. If we get more posts we might see a pattern.
Cheers...

How an EA sends orders to a broker
Lately we have seen several posters in this thread that mentioned errors in the log from the EA. It might therefore be interesting to learn a bit more on how orders are send from an EA to the broker.

There is a standard programming statement specially for sending orders to the broker. Unsurprisingly it is named "OrderSend". It means that somewhere in de code of my Expert Advisor this statement must appear and it needs parameters to define the specifics of the order to open.
This is how it should be used:

This is how to fill those parameters:

1. symbol
   This is simply the currency pair that you want to trade. It could be "EURUSD" but more interesting names are also possible, like "EURUSDmicro". The exact names of the currency pairs depend on how your broker has specified them. So it can differ per broker. Lucky for us there is also a programming statement to find the name of the pair that is currently on the chart with the EA attached. Example:
   [code]string lv_sym = _Symbol;
   int lv_ticket = OrderSend(lv_sym, ...[/code]
   Although this seems simple enough, it might give you a clue what it means to trade different currency pairs then the one on the current chart .
   .
2. cmd
   Here we specify what kind of trade we want to do: a buy or a sell. It is also possible to specify a pending order types like LIMIT and STOP orders.
   .
3. volume
   Here we specify the size of the order that we want to send to the broker. The minimum size is 0.01.
   .
4. price / slippage
   We also must specify the current price that we expect to pay for the order. This makes a lot of sense of pending orders ("I want to BUY when the price reaches this level"). However the price must also be filled for orders that must be executed immediately. It is however for our own security to prevent nasty surprises in case the currency pair makes a sudden move. This also means that when the market price is not near the price that you mention here the order will fail. The deviation between the specified price and the market price is called slippage. As long as the market price is within the range price +/- slippage the order should be executed. But it is normal that sometimes an order will fail because of this constraint.
   .
5. stoploss / takeprofit
   These are the prices where we want the stop-loss and take-profit levels.
   .
6. comment
   A line of text that you can add to an order.
   .
7. magic
   Every order has a "secret" code. This code can only be seen by expert advisors and other scripts. This magic number is used so the EA can recognise its own orders and tell them apart from orders that originate from other expert advisors. When you enter a manual order it will always get the magic number 0. Therefore, if you want your manual orders to be managed by an EA you must use a script that will add the correct magic number.
   .
8. expiration
   This is a date-time that indicates how long a pending order remains valid. In many cases you want a pending order to be valid for only a limited amount of time. If this field is filled with '0' the pending order will remain valid indefinitly (until you delete it).
   .
9. arrow_color
   Here you can set the color of the little arrow that appears on the chart when an order is opened. In LRSF we use blue for BUY orders and red for SELL orders.

Cheers.

Errors while sending orders to a broker
In continuation of the previous post...
When one of the parameters is not clear to the broker the order will not be executed. Furthermore, during the execution something might go wrong and the execution must be aborted.
Common errors are:

1. the price/slippage can not be used.
   Occasionally this can happen, but if it happens a lot I would wonder why my broker does not accept orders with a price that he himself just send to me.
   (all orders are send with the current Bid or Ask price). Yet, even with a fairly large slippage, this error seems to pop up regularly with some brokers.
   .
2. the take-profit or stop-loss are to close to the current price.
   All orders in LRSF are initially set without SL and TP. After the order has been succesfully placed the order will be modified and a suitable SL and TP will be added. This is the way that is mandatory for ECN accounts, but works also for all other account-types. Most brokers use a so called stop-level, which means that a SL and TP must be a minimum distance from the current market price. LRSF takes this into account and also corrects for the spread that might increase this stoplevel by a few pips.
   Occasionally we might see an error when the market is moving fast but in general we should never see an order without SL and TP.
   .
3. Other operational reasons
   Sometimes the number of orders send to the broker is to much and the broker has to reject certain order requests. This problem might also occur on your own system as background processing leaves no room for the order to be send.

In order to deal with errors, LRSF has a special procedure called 'XOrderSend'. This procedure calls OrderSend and checks for errors. If the error can be solved by retrying the send process then XOrderSend will do this. XOrderSend will try to resend an order 11 times before it gives up.

Cheers....

BiM_LRSF_17_1.ex4

Trade: Trading suspended (For this version only demo-trading is allowed)

So where's the expert working on live accounts?

Also i am missing documentation for all the settings and parameter.

And what is the Magnified Price doing?

Hi all,
In post #1 (near the bottom) I released a new WIP version of the Magnified Price 1.15.1.
I added two new settings (see screenshot at the bottom):

When switched ON it tries to show the last few relevant Price Action candles.

Note: Its very basic so far, but may be fun to test it. Don't use it for trading yet until version 1.15 gets released (not the WIP version).

PS: The relevant PA patterns are all named in the TMS thread. Its Shooting Star, Hammer, BUOB, BEOB, BUEB, BEEB.
Cheers.

Hi lddd,
If you read this thread you will find all your answers.
In short:

1. This expert is still under development and as such not yet released for live trading. Only demo trading is allowed.
   There is a workaround by using the scripts. Read Post #1 to find them.
2. Most settings are explained in posts in the thread. Its just 15 pages so should not take long to locate.
   PS: Any volunteers to write a short user manual (mainly describing all the settings in one document)?
3. The LRSF Magnified Price is a collection of free indicators combined in one indicator. Its not needed for the Expert Advisor.
   If you go through the thread you will find explanation with pictures.

Cheers...

Hey. Thanks for your kind words.

By the way

1) Can you (or maybe some other trader using this EA) provide me with some stats/results from a demo account? Maybe someone running this on a VPS or for at least 1 or 2 moth / having it linked to MyFxBook or so. I would be highly interested in its profitability so far.

2) I know development of EAs takes time and nobody wants to release software not stable for production. But do you have any time in mind where you might want to lift the limitation about demo/live accounts trading. Or else said, how far this expert is away from being "trusted" for long-term oriented real account trading?

Otherwise really great work so far! I will looking forward to set up a demo account my self the next days and attach this system to it. I will keep you updated with the results.

I really love the TDI and TMS strategy and convinced about it. However i really having a hard time with it (trading it manually) Especially finding the right entry setups on time, taking proper stop loss levels and take profit targets. As i first came to the TMS i really thought it would be a beginner friendly strategy where you don't have to follow up with so much extra noise, multiple indicators and market conditions but more and more had to admit its far more then having a TDI Green/red cross and maybe one more extra confirmation to it.

The more I read about the different strategies here about the TDI the more complicated it seems to find valid entry signals without having to draw a dozens trend lines + watching multiple time frames at same time before coming to any trading decision taking a possible entry point or better skipping it.

For me still every entry condition looks different to me. In most cases i am missing the good signals while over analyzing or entering in the bad ones where market condition is crap at all or its running into any SR areas where no room is left.

Hi Iddd,

1. I publish new versions regularly so there is no point running it on a VPS as the results are outdated immediatly. The thing is further that this EA is actually more a trade manager. Most traders that use it place trades manually and then use this EA to manage those trades. The automatic trading part is there but it is still very buggy and it doesn't take many trades per week.
   .
2. The Trade Manager part is quite good and also works on real accounts. Its just the automatic trading part that is limited to demo accounts. Unfortunately, you will still need to learn the TMS trading strategy. Make sure you understand what MEME is and what risk it poses on your account. This is essential knowledge.
   .
3. TMS is not an easy strategy and the first posts in the thread are a bit deceptive. I recognise the learning curve from what you describe. I have been there myself. On the other hand, after a couple of years I kinda managed to learn it. Now putting it into a working EA is another challenge.
   .
4. A trade manager lets you start the trade (using scripts) and will then take over trying to make the trade profitable. The better you get at choosing your initial trade the higher your profit will go.
   .
5. I have no plan when the automatic trading feature will be ready.
   Most EA's on FF are published here AFTER development. I decided to start publishing versions right from the start so those interested could get an idea off how developing an EA works. See post #287 and contact that poster to get info about currently available alternative TMS Expert Advisors.

Cheers...

What does MEME stands for? Never heard of it.

Okay understand. So this EA is not original designed to open trades. Damn :-) I already thought i did find my holy grail, hah.

Do you know if there are any productional fully automated trading approaches based on the Traders Dynamic Index?

I see one main problem you have its not triggering enough trades? Whats wrong with that? I am far away from being a professional trader but i always thought its not about taking as many trades as possible but more like try catching the most likely winning ones.

I mean how much trades are needed? You don't need to make a dozens of pips each week to make a nice return if you not trading a cent account. So i think even if its just doing 5 Trades a month where 3 are winners its already enough...