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LRSF - TMS Expert Advisor

  • #301
  • May 13, 2018 9:30am May 13, 2018 9:30am
Quoting lddd
{quote} ...What does MEME stands for? Never heard of it...
Multiple Entry Multiple Exit
MEME is a technique to save your trade when the price goes against you temporarily.
Look at this example:
Attached Image

I went in at completely the wrong moment with a BUY. The market then decided it was time for a retrace (temporarily going against me). However the main trend remained intact. Now instead of having your order run into a stoploss, we actually add another trade (because we believe the original trend is still intact).
In the example you can see that the EA eventually had to add 3 additional orders. The effect of this is that my very first order doesn't have to make profit. As long as the average of the whole lot is positive I can still come out with a profit.
Please read post #106 en #107 for some more explanation.
Cheers...
  • #302
  • May 13, 2018 9:53am May 13, 2018 9:53am
Quoting jansb000
{quote} The effect of this is that my very first order doesn't have to make profit. As long as the average of the whole lot is positive I can still come out with a profit.
Doesnīt make a lot of sense to me right now. So what if itīs not just a temp. retracement and price completely turning against you? So you place even more buy orders just to recover 1 original trade setup because you canīt accept a small loss (having it hit your stop loss)?

Thats also a good reason why i am not a fan of stop loss trading at all. I normally never place any stop loss orders if i am able to watch a trade at least once a day. (doesnīt mean i do not have some hard limit in mind, but i would normally not want to place it per software). I mean trading 4H or even daily you wonīt have your trades opened for weeks normally or? So why placing stop losses at all here?

Its also a good example of why a trade manager like this doesnīt seems to make a lot of advantages to me here? If you trade the 4H or even daily it should not be so hard to watch once a day or once every 4 hours what your trade is doing.
  • #303
  • May 13, 2018 10:01am May 13, 2018 10:01am
Quoting lddd
{quote}I see one main problem you have its not triggering enough trades? Whats wrong with that?
You are right, a couple of good trades per month is all we need.

The problem is not so much a trading issue but more a programming issue. I wrote this EA to react to certain entry-conditions. Now if we see a chart where all the entry-conditions appear to be there but the EA did not take the trade... I get nervous. Did I make a mistake in my software (a bug)? Or was there indeed a reason not to take the trade (not easy visible on the chart)? And if so, is the EA maybe too strict in choosing its entries? I am still struggeling to find the definite answer to this.
Eventually i will solve this however. But as long as there is a risk of a bug we must be very careful with using this EA on a real account.

To be able to analyse every situation where we expected the EA to take a trade I need data to analyse. As much as possible. So I ask everyone using this EA to post examples of trades that they think the EA should have taken. This should speed up the proces. I have to catch the EA exactly on a moment in time where it is making its decision. And then we (the readers of this thread) must discuss if this is indeed a missed entry or a good decision by the EA.
Cheers...
  • #304
  • May 13, 2018 10:21am May 13, 2018 10:21am
Quoting jansb000
{quote} Now if we see a chart where all the entry-conditions appear to be there but the EA did not take the trade... I get nervous..
100% agree. Of course thats a problem. But thats something I would personally not take to seriously.

If the EA is missing some trades but finding the ones it should find (your programmed rule set for an entry) that sounds already good to me. I would be more worried if trades are opened unexpected (not described by any programmed entry rule set) or the software not performing at all, crashing suddenly closing running trades without any reason or something like that.
  • #305
  • May 13, 2018 10:57am May 13, 2018 10:57am
Quoting lddd
{quote} Doesnīt make a lot of sense to me right now. So what if itīs not just a temp. retracement and price completely turning against you? So you place even more buy orders just to recover 1 original trade setup because you canīt accept a small loss (having it hit your stop loss)? Thats also a good reason why i am not a fan of stop loss trading at all. I normally never place any stop loss orders if i am able to watch a trade at least once a day. (doesnīt mean i do not have some hard limit in mind, but i would normally not want to place it per software)....
Hi Iddd,
this is all very true. Let me reply with the goal of this project: To automate the trading process as described in the Trading Made Simple thread. I didn't invent this strategy, but it seems to work and it is well documented. MEME is a part of it and a number of traders have good results with it. All discussions about if it is wise to use or not I would like to leave in that thread.

What I have learned is this: When the price goes against you, you have to come out of the trade. When you did a good trade, but entered too early, the MEME-strategy will find a better entry-point. The EA has parameters to control MEME. You can switch it off, or limit it to a certain maximum amount of trades. In that sence it turns out that it is very difficult to create a 100% automatic trader. There will always be the need for a good trader to operate the EA. It just automates some of the tasks to make the job a bit easier.
Cheers...
  • #306
  • Edited 12:25pm May 13, 2018 11:31am | Edited 12:25pm
Quoting lddd
{quote} 100% agree. Of course thats a problem. But thats something I would personally not take to seriously...
From a programmers viewpoint: Everything that is unexpected needs to be explained or solved. There is no guarantee that a bug that looks innocent does not suddenly show its darker side.

A list of famous computer bugs:
https://en.wikipedia.org/wiki/List_of_software_bugs
  • #307
  • May 14, 2018 10:50am May 14, 2018 10:50am
Quoting jansb000
{quote} 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...
Hi Jansb -

Sorry for late reply as I have traveling for the whole week

This is the transaction that I expected after the setup candle closes but it did not happen, then I opened the PO manually (that's why a bit late as you can see in the screenshot). Based on our current strategy, all conditions were matched.. Can we take a look on this?
Attached Image (click to enlarge)
Click to Enlarge Name: P21.png Size: 40 KB
  • #308
  • May 14, 2018 11:28am May 14, 2018 11:28am
Quoting jansb000
{quote} 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...
Thanks Jansb. My purpose is not to promote other threads here, rather it maybe helpful for any TMS lover. Most of them may already knew about these threads and both are almost inactive.

Monitor for 'Trading Made Simple' system [Best for TMS Manual Trading]
https://www.forexfactory.com/showthread.php?t=303347
This DashBoard gives exact information about TDI crosses on all pairs at the same time. Below is given the screen shot.

Experts Tool Box [EA based on Big E Strategy]
https://www.forexfactory.com/showthread.php?t=332760
Sad to know that Thread Owner become commercial and removed details from first post. However all necessary files are still available in thread files. I have tested this and I can say that this EA can copy 100% trading style of Big E. Programmer and thread contributors went too away from original TMS strategy by adding too many other filters/indicators bla bla, but still, one can easily apply original TMS strategy. By default, everything is OFF/False, so to activate original TMS strategy, you need to change 3-4 parameters only.

I am unable to backtest due to some error but on VPS demo, EA works fine. Sorry I don't have code but maybe we can find some good things to add in your LRSF EA.
Attached Image (click to enlarge)
Click to Enlarge Name: 852.png Size: 33 KB
Attached File(s)
File Type: pdf Experts Tool Box v107.pdf   1.7 MB | 1,997 downloads
File Type: rar Documents.rar   1.7 MB | 1,507 downloads
File Type: rar Indicators.rar   93 KB | 560 downloads
File Type: zip Templates.zip   6 KB | 473 downloads
File Type: ex4 Experts_Tool_Box_V1.10.ex4   251 KB | 7,373 downloads
.................
  • #309
  • May 16, 2018 6:26am May 16, 2018 6:26am
Quoting KashifNawaz
{quote} Thanks Jansb. My purpose is not to promote other threads here, rather it maybe helpful for any TMS lover. Most of them may already knew about these threads and both are almost inactive. Monitor for 'Trading Made Simple' system [Best for TMS Manual Trading] https://www.forexfactory.com/showthread.php?t=303347 This DashBoard gives exact information about TDI crosses on all pairs at the same time. Below is given the screen shot. Experts Tool Box [EA based on Big E Strategy] https://www.forexfactory.com/showthread.php?t=332760...
Hello from Germany, I have installed EA, work, but it does not take trades, I have read attached PDF file, but I cannot fix it. Can you send the Setting for trandable TMS method, thanks in advance
  • #310
  • May 16, 2018 6:54am May 16, 2018 6:54am
Quoting nschwegl
{quote} Hello from Germany, I have installed EA, work, but it does not take trades, I have read attached PDF file, but I cannot fix it. Can you send the Setting for trandable TMS method, thanks in advance
Hello Mate,
Because this thread is not related to this system, hence we should not talk much about other systems here. You can read PDF file or visit that thread to know more about this. However, I will write final post here for this EA here for anyone who is interested in this.

To copy 80% trading style of Big E, change following parameters only.
-----------------------------------------------------------
AutoBuySell: True
AutoRestartRobot: True
Use TDI Cross: True
Use TDI Slope: True
Min TDO Slope: 3
UseTDICloseOnFlat: True

Rest leave default. That's it. Big E always used H4, so you need patience to let open any trade. Even you place this EA on all 28 pairs, it will take 2-4 trades per day. But if you want to see, how this EA works, then change H4 to M15, and also TDICrossCandleZero: True

To copy 100% trading style of Big E, change following parameters as well.
-----------------------------------------------------------
UseCandle2TradeWindow: True (please read pdf to understand this)
Candle2TradeWindowMinutes: 5 or 10
Use5emaCandleClose: True
Use Stochastic: True

In this case, you will have very rare trades (maybe 2 in a week). There are tens of more filters, the more you will active, the lesser will be the trades. Hopefully, I explained well. Thanks

Sorry Jansb about this. Will not see any post about this system again If anyone has any query, please PM me. Thanks
.................
  • #311
  • May 16, 2018 8:16am May 16, 2018 8:16am
Quoting KashifNawaz
{quote} Hello Mate, Because this thread is not related to this system, hence we should not talk much about other systems here. You can read PDF file or visit that thread to know more about this. However, I will write final post here for this EA here for anyone who is interested in this. To copy 80% trading style of Big E, change following parameters only. ----------------------------------------------------------- AutoBuySell: True AutoRestartRobot: True Use TDI Cross: True Use TDI Slope: True Min TDO Slope: 3 UseTDICloseOnFlat: True Rest leave...
Hi, I did not find your Settings UseTDICloseOn Flat: True, can I get your email adress ?, would be nice
  • #312
  • May 16, 2018 11:03am May 16, 2018 11:03am
Hi ,

Would appreciate if anyone Can post the demo account results from the work of this stategy.
Thanks in advance,
regards,
  • #313
  • May 16, 2018 1:33pm May 16, 2018 1:33pm
Quoting Pervis
{quote}... Based on our current strategy, all conditions were matched... {image}
Hi Pervis,
thank you for this example.
Is far as I understood the Big E strategy, the Heiken Ashi must also close above the 5EMA to count as a crossing.
In the screenshot this is not the case (at least not detected by the EA). Only the wick as above the 5EMA.
This is something the EA checks so if my understanding of the Big E strategy in this respect is wrong please let me know.

I could change this into a parameter so we can play with it and see what happens. What do you think?
Cheers...
  • #314
  • May 16, 2018 1:46pm May 16, 2018 1:46pm
Quoting JoTex
{quote} Hi all, Dear jansb000 , First of all , many thanks for the EA and posting on this nice forum. Subscribed and downloaded the EA . Seems the EA is indeed missing some good trades following the TMS strategy . for example today at 10:00 EUR/USD 4 H , Green tdi crosses Red at 1.220...long today at 06:00 GBP/USD 4 H , Green tdi crosses Red at 1.39262...long today at 14:00 USD/JPY 4 H , Green tdi crosses Red at 108.884...short Thanks again for the hard work m8, Will try to help with the cases you need to test the EA . Sorry in advance if those...
Hi JoTex,
sorry for my late reply.
The Ea tries to make its trade decisions as much as possible at the start of a new H4 bar. In your examples you mention the time as 10:00, 06:00 and 14:00 but I think that are not starting times for H4 candles. So I am confused.

Anyway, looking at the candles on the 25th of the EURUSD:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 5 KB

The crossing of the TDI happens on the 3th candle. And it should be max the 2nd candle.
Anyway, I remember that Big E said that he actually would trade on the 3th or even 4th candle if the first two bars where really small. That is clearly the case here. So I might build this into a next version of the EA.

If bar < ADR(100)/5 .... do not count it.

Cheers...
  • #315
  • May 16, 2018 2:07pm May 16, 2018 2:07pm
Quoting JoTex
Hi , Would appreciate if anyone Can post the demo account results from the work of this stategy. Thanks in advance, regards,
Hi JoTex,
for proof of the strategy I think its best to have a look in the TMS-thread. There you will see heaps of good trades that prove the strategy is sound and well tested.

With my EA I try to automate that proces, as a Trade Manager to manage trades that a trader did manually, and secondary as an automatic trader that will detect optimal entry conditions and enter a trade.
Unfortunately this EA is not yet finished and I am publishing new versions frequently. And we have a few known bugs (I call them minor imperfections ). So looking at demo results is not going to help you much. First we need a stable version.
Cheers...
  • #316
  • May 16, 2018 3:55pm May 16, 2018 3:55pm
Many thanks for the feedback jansb000 .

and many thanks for the effort on making this EA working , i will try to test it better so i can try to help. keep up the good work

Best regards,
  • #317
  • May 17, 2018 7:22am May 17, 2018 7:22am
Quoting KashifNawaz
{quote} Hello Mate, Because this thread is not related to this system, hence we should not talk much about other systems here. You can read PDF file or visit that thread to know more about this. However, I will write final post here for this EA here for anyone who is interested in this. To copy 80% trading style of Big E, change following parameters only. ----------------------------------------------------------- AutoBuySell: True AutoRestartRobot: True Use TDI Cross: True Use TDI Slope: True Min TDO Slope: 3 UseTDICloseOnFlat: True Rest leave...
I have checked the EA 48 H, it does not realy work
  • #318
  • May 17, 2018 7:54am May 17, 2018 7:54am
Quoting jansb000
{quote} Hi Pervis, thank you for this example. Is far as I understood the Big E strategy, the Heiken Ashi must also close above the 5EMA to count as a crossing. In the screenshot this is not the case (at least not detected by the EA). Only the wick as above the 5EMA. This is something the EA checks so if my understanding of the Big E strategy in this respect is wrong please let me know. I could change this into a parameter so we can play with it and see what happens. What do you think? Cheers...
Hi Jansb,

Regarding the candle, Big E used APB candle (not Heiken Ashi), I know there is a bit difference in the calculation. Personally, using the closed of Japanese Candlestick or APB is not make sense for me. In fact, if we look at some Big E training charts, we can see he did not use APB's closed (even if number of candles changed color if it was small). Considering the size of candles instead would be better, I think...

Also, I don't know if we can apply the PCRF (PCRF is Phx62's term) on your Magnified Price indicator would be an idea?
https://www.forexfactory.com/showthr...26#post7221926
  • #319
  • May 17, 2018 6:21pm May 17, 2018 6:21pm
Quoting Pervis
{quote}Considering the size of candles instead would be better, I think... Also, I don't know if we can apply the PCRF (PCRF is Phx62's term) on your Magnified Price indicator would be an idea? https://www.forexfactory.com/showthr...26#post7221926
1)
I will look into a check for candle size and see if that gives us better trades.

2)
For the PCRF I must admit that I do not know how to detect them so that makes it difficult to program them. Needs more study on my part.
  • #320
  • May 19, 2018 2:42pm May 19, 2018 2:42pm
Quoting J1mm
... we can improve the logic of MeMe trades to not put orders just blindly and maybe just when Price has some signals of reverse...
Hi J1MM,
I rewrote the MEME-code so it can now (version 1.19) also add orders dynamically when the RSI indicates that the price is going in our favour. I will start testing this next week. The new code is currently checking the RSI-5 and RSI-15 but I am not sure if this is the best choice. Will need a lot of testing to find out.
Cheers...
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