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LRSF - TMS Expert Advisor

  • #421
  • Edited 1:36pm Jun 20, 2018 1:04pm | Edited 1:36pm
Quoting oocat0227
hi all friends, There are 3 type entry strategy 1. enter on breaking PAC 2. enter on breaking MA5 3. Enter on TDI and STO which one you like it or suggest ? why?
There are only two supported methods in your list: PAC and 5EMA. For both these methods the TDI and STO are used to confirm either a PAC or 5EMA entry.
PAC trading seems to be more profitable at trading D1 timeframe. At least thats what some people in the TMS thread claim. the 5EMA method is the way the TMS method started in the first post. It is more suitable for H4. Personally, I have the feeling that 5EMA should also work well on D1.

This EA is actually named after the third entry method: Low Risk Stress Free. https://www.forexfactory.com/showthread.php?t=588548
However, this entry method is not yet supported (i.e. not well tested yet).
According to the original poster, he uses only TDI and STO in overbought or oversold conditions for easy trades. Eventually this method will be supported as well. My experience with this third method, using manual trading, made me decide that this method would get a low priority on my todo list.

The entry-methods work better (in both PAC and 5EMA cases) if you take Price Action and Support and Resistance (PASR) into consideration. PASR is not so easy to program. Therefore, if you (can and) want to apply it, you have the option to take your trades manually and have the EA manage the trade.
Cheers...
  • #422
  • Jun 20, 2018 1:12pm Jun 20, 2018 1:12pm
Quoting jansb000
{quote} There are only two methods in your list: PAC and 5EMA. There is no TDI/STO strategy. In fact the TDI and STO are used to confirm either a PAC or 5EMA entry. PAC trading seems to be more profitable at trading D1 timeframe. At least thats what some people in the TMS thread claim. the 5EMA method is the way the TMS method started in the first post. It is more suitable for H4. Personally, I have the feeling that 5EMA should also work well on D1. The method works better (in both cases) if you take Price Action and Support and Resistance (PASR)...
hi Jansb000
because I saw the post #339 , blamshakk provide his setting (for v15), the entry strategy is select "enter on TDI and STO" so I write this question .
I will use ma5 (whit H1 chart for test ).. thanks
  • #423
  • Edited 1:47pm Jun 20, 2018 1:18pm | Edited 1:47pm
Quoting oocat0227
{quote} hi Jansb000 because I saw the post #339 , blamshakk provide his setting (for v15), the entry strategy is select "enter on TDI and STO" so I write this question . I will use ma5 (whit H1 chart for test ).. thanks
Oooh, I see. I stand corrected. The third method is indeed just using TDI and STO for entry signal. After trading it manually for a while I decided I would create a EA for several TMS variants. But for LRSF the original poster doesn't seem to answer questions anymore. So I gave that a lower priority. My trading didn't give the best results from the tree methods, but possible with the trend check (the 3 rectangles) and some other options the EA provides it may work out good. Do not use this setting yet in the EA yet. We have to test it first, and at this moment I focus on 5EMA.
Cheers...
  • #424
  • Jun 20, 2018 3:51pm Jun 20, 2018 3:51pm
Hi jansb000
I get OrderSend error 138
Version 18
You can help
  • #425
  • Jun 21, 2018 11:27am Jun 21, 2018 11:27am
Quoting jansb000
Hi all, this is the final version 1.18. {file} For a list of changes, see post #325 Cheers...
Good to see the final version 1.18 has been released. I tried putting it into the real account but seems it's still not working yet?
Since it was the final version, can you remove the restriction? So for those people like me can play it with real mini account. It would be more interested. I intended to use v15s but I believe this version is more stable...
  • #426
  • Jun 21, 2018 1:30pm Jun 21, 2018 1:30pm
Jans, this makes me sad

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB
Building a Freedom All Time Return: 5,178.8%
  • #427
  • Jun 21, 2018 10:50pm Jun 21, 2018 10:50pm
Quoting jansb000
{quote} Hi timidave, good question. I do not mind to publish a version without time limit AFTER it has been proven to work without major incidents. This is what I did (for the first time) with version 15s. I do not intend to make this product commercial. But I am very careful not to have lots of old versions around that will still be used in years to come. Maintaining a few versions (published and WIP) is already a lot of work. So I have to protect myself (and you) against old versions that nobody should be using anymore. I hope that answers your...
Hi Jans, pls i would love to know the differences between this versions(version 15 and version 15s) in terms of

(i) Expiry dates on live accounts and
(ii) Profitability/ability to take trades as when needful

Many thanks for your anticipated response
  • #428
  • Jun 22, 2018 5:51am Jun 22, 2018 5:51am
Another question on the EA, pls, to make use of only the risk percent(MM), should i set lot size=0 or how do i go about it?
  • #429
  • Jun 22, 2018 2:45pm Jun 22, 2018 2:45pm
Jans, is there any place where we can have a quick chat? Sent you a PM
Building a Freedom All Time Return: 5,178.8%
  • #430
  • Jun 22, 2018 3:09pm Jun 22, 2018 3:09pm
Hi Jans,

An idea for MeMe trades

Actually, I feel like MeMe trades is just to put more risk in your operation without an actual reason more than the hope that price will reverse, true that if price does, you have more probability of a succesfull trade even if the first trade was wrong and price went nuts...

A good idea I think would be to use MeMe trades as an Averaging down method, let me explain...

Let's say you are in an uptrend defined by indicators (As we have an EA we have to rely on indicators).
Then you have a BUY entry based on strategy but after you enter the operation price quickly reverses, conditions for an uptrend still valid, so you just activate 1st MeMe trade after, let's say, 40 pips loss.
Price then goes back and trend continues, you are now at +40 pip win on 2nd trade and 0 pips on first one, we are going to manage both orders independently so trail stopper activates for second one so we leave it with +35 pips win and 1st one still running, price then reverses again and for the second time another order is opened at -40 pips, conditions for an uptrend still valid, so MeMe order is activated again, this time trend resumes successfully, second order closes successfully at +40 pips due to trail stop and first one at +40 as well due to its own trail stop.

Orders being managed independently makes more sense for me than just puting a lot of lots in risk just to close an order in break even.
Building a Freedom All Time Return: 5,178.8%
  • #431
  • Jun 23, 2018 3:13am Jun 23, 2018 3:13am
Quoting J1mm
Hi Jans, An idea for MeMe trades Actually, I feel like MeMe trades is just to put more risk in your operation without an actual reason more than the hope that price will reverse, true that if price does, you have more probability of a succesfull trade even if the first trade was wrong and price went nuts... A good idea I think would be to use MeMe trades as an Averaging down method, let me explain... Let's say you are in an uptrend defined by indicators (As we have an EA we have to rely on indicators). Then you have a BUY entry based on...

MEME is not about just averaging down. And it is also not like what Grid trading systems.

TMS 5-Method uses the Average Price Bar another version of the Heiken Ashi price.
When you use the APB/HA to swing trade the higher timeframes D1 and W1 for example, you use the retracement to build up your positions in the market. You use both money management and position sizing to build up a basket of trades, usually 5 trades in one basket. Some traders uses more trades in one single basket.

You average up when your trades (open positions) are locked (protected) with profits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #432
  • Jun 25, 2018 9:31am Jun 25, 2018 9:31am
Quoting Pervis
{quote}...Since it was the final version...
After releasing a couple of preliminary versions for versions 1.18 I have released the final version 1.18.
The development of the EA will of course continue with version 1.19, 1.20 etc.
Sorry for the confusion.
  • #433
  • Jun 25, 2018 9:45am Jun 25, 2018 9:45am
Quoting timidave
{quote} Hi Jans, pls i would love to know the differences between this versions(version 15 and version 15s) in terms of (i) Expiry dates on live accounts and (ii) Profitability/ability to take trades as when needful Many thanks for your anticipated response
Version 1.15s has no time-limit. Furthermore It has some bug-fixes.

For version 1.15s to work as the original 1.15:
- Switch OFF MEME
- Switch OFF soft break-even

Cheers...
  • #434
  • Edited 10:12am Jun 25, 2018 9:49am | Edited 10:12am
Quoting J1mm
Jans, this makes me sad {image}
Yes, you have to experiment with the settings for break-even.
These are default ON, but that might not be the most profitable setting.
I think that I will switch OFF the Soft break-even on my demo just to see how it will work out.

Soft break-even:
When the profit reaches +15 pips and then goes below +3 pips the trade will be taken out.

Hard break-even:
When the profit reaches +30 pips the SL will move to +5 pips.

Cheers...
  • #435
  • Edited 10:16am Jun 25, 2018 9:51am | Edited 10:16am
Quoting timidave
Another question on the EA, pls, to make use of only the risk percent(MM), should i set lot size=0 or how do i go about it?
Risk percent is not used yet. Code is in place but "commented out" for now. You must use fixed lot sizes.
Auto lot calculation will eventually be added, but its not a top priority for now.
Cheers...
  • #436
  • Jun 25, 2018 12:04pm Jun 25, 2018 12:04pm
Hello Jans,

as always a pleasure to contribute to your post, if you feel like I'm trying to add "too much garbage" or "bad ideas" feel free to tell me!!

During my tests, I found out that the 3 way trend filter is filtering a lot of bad entries, however, is filtering also a lot of good ones, so maybe is just not a really good filter...

I was testing and found out that a D1 stochastic applied on H4 chart works like a charm with TMS Strategy...

Look how sweet entries are we having, and this is only using Stochastic at D1 (5,3,3) and Stochastic at H4 (5,3,3)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB


And maybe the trend filter could then be only used when we are under a heavy trend and D1 stochastic is going flat in an OB/OS area like in this trades:

Attached Image
Building a Freedom All Time Return: 5,178.8%
  • #437
  • Jun 25, 2018 10:00pm Jun 25, 2018 10:00pm
Hello jansb000,
Thanks for your good EA and also for your prompt support. Please look into the following point:

See attached screenshot where you can see the order size is 0.01, but sell limit order size is 0.02 for XAUUSD.
I did not make any changes in the default parameters except The Max Spread for Trades.

Regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 220 KB
Click to Enlarge Name: Screenshot2.png Size: 235 KB
  • #438
  • Jun 25, 2018 11:21pm Jun 25, 2018 11:21pm
Quoting mavilakandy
Hello jansb000, Thanks for your good EA and also for your prompt support. Please look into the following point: See attached screenshot where you can see the order size is 0.01, but sell limit order size is 0.02 for XAUUSD. I did not make any changes in the default parameters except The Max Spread for Trades. Regards, {image} {image}
Hello jansb000,
It was my mistake. Nothing wrong with the above mentioned lot size. It is due to - open positions are being closed partly.
Sorry for the confusion.
  • #439
  • Jun 26, 2018 5:46am Jun 26, 2018 5:46am
Quoting J1mm
... if you feel like I'm trying to add "too much garbage" or "bad ideas" feel free to tell me!! ...
I really like your ideas. Just keep them coming.
You are actively trying to figure out how the trading strategy works and how it can be improved. That makes us all think about this TMS trading method and will eventually make us better traders. Please keep up the good work!
  • #440
  • Jun 26, 2018 9:46am Jun 26, 2018 9:46am
Quoting J1mm
... I was testing and found out that a D1 stochastic applied on H4 chart works like a charm with TMS Strategy...
This looks really good, and... the basic code to implement this is already available in my EA. I'll see what I can do this weekend to implement this.
Next week I should have some more time anyway to work on this.
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