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LRSF - TMS Expert Advisor

  • #481
  • Jul 3, 2018 5:06pm Jul 3, 2018 5:06pm
Quoting nschwegl
{quote} Hi, I openend an brand new account at axitrader, switch to EA 1.17 and to 5M Charts, no trades are taken {image} {image} {image}
Hi nschwegl,
You settings appear correct. In the left-upper corner, the text starting with "Trade:" tells you why it is not trading on that particular chart.
Example: "Trend MA5 not clear (Missed earlier bar)".

The EA is designed for H4 and D1 charts, but some people report good results on H1. I would definitely not go lower then H1 charts.
You have to setup the EA on many charts (I use 28 pairs, others use 15 pairs). Then you should get a couple of trades per week.

Read post #1 and make sure you have the right TDI indicator installed.
Let it run for a couple of days and you should then see some trading.
Cheers...
  • #482
  • Jul 3, 2018 6:16pm Jul 3, 2018 6:16pm
Quoting jansb000
{quote} The problem with EA's is that they can not quickly make an assessment like we humans do. Some decisions that humans can make easily are difficult to automate. To make the EA emulate the behaviour of human trading there is no getting around to find replacements for some of those tests.

I believe trading has to be discretionary and based on the traders experience and skills set. All decisions have to be made by the trader not the expert advisor.
I only use the expert advisor only to help me execute some of the my trading tasks (not all) when I do not want to watching my charts all the time. Also when I trade multiple pairs at the same time, I cannot possibly do so many checks across 20 pairs as fast as an expert advisor can. For example during volatile periods, the expert advisor can check the spread and process price re-qoutes, place timed orders, etc. The indicators are only used by the expert advisor to perform some tasks but with some a limitations when the trader cannot be at their trading terminal.
For example, when we are trading intraday, we can set the expert advisor to trade only during a selected hours like using the start and end time of a particular market session for certain strategy.
Lots of possibilities which can be programmed in an expert advisor.

To emulate human behaviour in trading is another area with potential in software development but still far away. I did some study into neural networks but did not continue.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #483
  • Jul 4, 2018 1:30am Jul 4, 2018 1:30am
Quoting jansb000
{quote} Maybe, when the D1 stochastic is in overbought/oversold we should not use this indicator and go back to the original (current) indicators. So the Stochastic D1/H4 would only be used "in the middle" section. What do you think?
Yesterday I was not able to backtest I will do it ASAP, however when Stochastic is oversold usually it it going to start turning flat if we are in a Heavy trend, at this monent we should as you said, ignore it and just rely on the other indicators asuming we are in a heavy trend, we will probably miss the first reversal but we we will catch later on the first pullback if trend changes.

I will prepare soon some screenshots...
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  • #484
  • Jul 5, 2018 2:07am Jul 5, 2018 2:07am
Quoting jansb000
{quote} Hi nschwegl, You settings appear correct. In the left-upper corner, the text starting with "Trade:" tells you why it is not trading on that particular chart. Example: "Trend MA5 not clear (Missed earlier bar)". The EA is designed for H4 and D1 charts, but some people report good results on H1. I would definitely not go lower then H1 charts. You have to setup the EA on many charts (I use 28 pairs, others use 15 pairs). Then you should get a couple of trades per week. Read post #1 and make sure you have the right TDI indicator installed. Let...
Hi Jansb000, today at London open, trade not taken, I donot know, why. As you can see all stars are blue
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot2.png Size: 210 KB
  • #485
  • Edited 4:07am Jul 5, 2018 3:18am | Edited 4:07am
Quoting nschwegl
{quote} Hi Jansb000, today at London open, trade not taken, I donot know, why. As you can see all stars are blue {image} {image}
Hi nschwegl,
please check your TDI settings:
Attached Image

and your stochastic settings:
Attached Image

You will have the visual indicators the same as used by the EA. The stochastic that you use on your chart (H1 and D1), is not used by the EA.
The EA uses just a single Stochastic (8,3,3).

For more info:
https://www.forexfactory.com/showthr...26#post9708126
Cheers...
  • #486
  • Jul 5, 2018 4:24am Jul 5, 2018 4:24am
Hi all,
I made version 1.19wip1 available in post #1.

As usual for my work-in-progress versions, this version is still under development and can not be used for trading real accounts.
It's purely for testing and finding bugs.
Cheers...
  • #487
  • Jul 5, 2018 4:36am Jul 5, 2018 4:36am
Quoting jansb000
{quote} Hi nschwegl, please check your TDI settings: {image} and your stochastic settings: {image} You will have the visual indicators the same as used by the EA. The stochastic that you use on your chart (H1 and D1), is not used by the EA. The EA uses just a single Stochastic (8,3,3). For more info: https://www.forexfactory.com/showthr...26#post9708126 Cheers...
Hi Jansb000, I switch to your recommended Settings, but I get it from your post 1 or 14, your sended Setting was unknown. we will see.
  • #488
  • Jul 5, 2018 10:58am Jul 5, 2018 10:58am
Quoting jansb000
{quote} Hi nschwegl, please check your TDI settings: {image} and your stochastic settings: {image} You will have the visual indicators the same as used by the EA. The stochastic that you use on your chart (H1 and D1), is not used by the EA. The EA uses just a single Stochastic (8,3,3). For more info: https://www.forexfactory.com/showthr...26#post9708126 Cheers...
Hi Jansb000, I use exact your Setting, the message is, TDI cannot be initialiced, sorry About that
Attached Image (click to enlarge)
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  • #489
  • Jul 5, 2018 1:50pm Jul 5, 2018 1:50pm
How can the T.P be edited for this EA? I am trying to change the static fixed T.P of what it seems to be 60 Pips.

Thanks
  • #490
  • Jul 5, 2018 5:17pm Jul 5, 2018 5:17pm
Quoting nschwegl
{quote} Hi Jansb000, I use exact your Setting, the message is, TDI cannot be initialiced, sorry About that {image}
Hi nschwegl,
Please refer to this post. It shows you exactly in which folder to install the TDI.
https://www.forexfactory.com/showthr...4#post10125984
Make sure you use the TDI Indicator that can be downloaded from post #14. There are many TDI Indicators around, so it is important to have the right one as the EA must address the indicator in a specific way.

The errormessage you got is what I added to version 1.19wip1. During the initialisation of the EA I do now check if the TDI Indicator is correctly installed and returns valid data.
Cheers...
  • #491
  • Edited Jul 6, 2018 4:51am Jul 5, 2018 5:23pm | Edited Jul 6, 2018 4:51am
Quoting tillionaire
How can the T.P be edited for this EA? I am trying to change the static fixed T.P of what it seems to be 60 Pips. Thanks
Default the TP is set to: ADR(100)*2. Once set, you can manually drag the TP to wherever you like.
There are a lot of protections in the EA that will take out a trade with profit when the TP is not hit. But, having said that, a well placed TP can give more profit.
Cheers...
  • #492
  • Jul 6, 2018 7:13am Jul 6, 2018 7:13am
Quoting jansb000
Hi all, I made version 1.19wip1 available in post #1. As usual for my work-in-progress versions, this version is still under development and can not be used for trading real accounts. It's purely for testing and finding bugs. Cheers...
Many thanks sir, pls keep up the good work.
  • #493
  • Jul 8, 2018 12:03pm Jul 8, 2018 12:03pm
ANNOUNCEMENT: NEW DEFAULT SETTINGS

Due to the new regulations for trading CFD products (including forex) I have decided to change the default settings for the LRSF Expert Advisor.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 124 KB

The trading algorithm remains the same, but I try to prevent that the EA surprises someone with a sudden big margin. Once the new rules are settled and we know what their effect is for us hobby-traders we can discuss changing the defaults again.
My broker announced that the new rules will start taking effect as of Aug 1st, 2018. So by changing the defaults now, any open position should be long closed before it can harm our accounts. Those who trade with bigger accounts can deviate from the default settings as they see fit.

When you still trade with older versions you have to decide for yourself if you want to change your settings.
Cheers...
  • #494
  • Jul 9, 2018 2:18am Jul 9, 2018 2:18am
Hi jansb000, look at thies screenshot, it was an buyorder, look at SL/TP, it ended up in Profit, but I ask for, how far from the order, is thos correct ?
Attached Image (click to enlarge)
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  • #495
  • Jul 9, 2018 8:26am Jul 9, 2018 8:26am
Hi All, has anybody a trade report of last 2 weeks. ? 4H 1H 1D
  • #496
  • Jul 9, 2018 4:56pm Jul 9, 2018 4:56pm
Hi all,
I made a new tool to help you find your next (manual) trade.
This is just the first work-in-progress version. Very basic and simple.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 13 KB

You can find it in post #1.
Cheers...
  • #497
  • Jul 10, 2018 12:24am Jul 10, 2018 12:24am
Quoting jansb000
Hi all, I made a new tool to help you find your next (manual) trade. This is just the first work-in-progress version. Very basic and simple. {image} You can find it in post #1. Cheers...
Hi jansb000, can you make the stars more separatly, thank you
Attached Image (click to enlarge)
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  • #498
  • Jul 10, 2018 7:22am Jul 10, 2018 7:22am
Quoting jansb000
ANNOUNCEMENT: NEW DEFAULT SETTINGS Due to the new regulations for trading CFD products (including forex) I have decided to change the default settings for the LRSF Expert Advisor. {image} The trading algorithm remains the same, but I try to prevent that the EA surprises someone with a sudden big margin. Once the new rules are settled and we know what their effect is for us hobby-traders we can discuss changing the defaults again. My broker announced that the new rules will start taking effect as of Aug 1st, 2018. So by changing the defaults now,...
Many thanks for this update
  • #499
  • Jul 10, 2018 7:23am Jul 10, 2018 7:23am
Quoting jansb000
Hi all, I made a new tool to help you find your next (manual) trade. This is just the first work-in-progress version. Very basic and simple. {image} You can find it in post #1. Cheers...
I appreciate this, this will make manual trading more simple.
  • #500
  • Edited 5:56pm Jul 10, 2018 5:44pm | Edited 5:56pm
Hi all,
I just posted version wip 1.01 of the LSRF Monitor in post #1.
I added columns for TDI and Stochastic. Also I tried to solve the problem of character spacing.
Attached Image

Usage
Column 1: Name of the symbol.
Column 2: These are the trends of the current, next and next-next timeframe (i.e. H4, D1 and W1).
Column 3: This is the result of the TDI-check for Crossing and Continuation.
Column 4: This is the result of the Stochastic-check for current timeframe and next timeframe.

Challenge
The whole idea of this monitor is to help to quickly decide which charts might be of interrest to investigate for a possible trade.
If you feel that you found a good trade-opportunity (according to TMS) that is not correctly identified by this monitor then I would like to ask you to post your findings (with screenshots) and we can then discuss further options. Any problem we find and solve here will also lead to a better EA as I use the exact same tests in both the monitor and EA.

Cheers...
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