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LRSF - TMS Expert Advisor

  • #501
  • Jul 10, 2018 5:51pm Jul 10, 2018 5:51pm
Quoting jansb000
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. {image} Column 1: Name of the symbol. Column 2: These are the trends of the current, next and next-next timeframe. 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. Cheers...
So, the idea is that when all of these align, we take a trade? Basically?
  • #502
  • Jul 10, 2018 9:53pm Jul 10, 2018 9:53pm
Quoting jansb000
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. {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...
Many thanks
  • #503
  • Jul 11, 2018 1:27am Jul 11, 2018 1:27am
Quoting jansb000
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. {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...
Hello Jans,

1. Re LSRF monitor, appreciate if you please explain a little more, how to read the indicators:

If my understanding is correct,
Column 2 is reflecting the trend and we may BUY if all 3 stars blue, or SELL if all 3 stars are red.
Column 3 is for TDI-check. How it should look like ? This also should be with 'X' mark in same colour ? These 2 'X' marks stand for what ?
Column 4 is for Stochastic. Similar to column 2.

Kindly explain, what would be an ideal trade-able scenario ? All indicators are in same colour ?


2. Please see the attached screenshot, indicators list on the left side.
'bim - tms' is not seen in many of the broker's MT4. Could you please explain how to create that directory ?

Thanks and regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 220 KB
  • #504
  • Edited 4:38am Jul 11, 2018 3:36am | Edited 4:38am
Quoting lctrader11
{quote} So, the idea is that when all of these align, we take a trade? Basically?
Basically - NO!!!
When doing manual trading one would need to browse trough all charts to check for suitable setups. That can be a time consuming task.
The LRSF Monitor automates some of these tasks by quickly showing essential information in one single screen.
However, there is a lot more to check. The monitor just helps you to quickly discard charts that you do not have to check.
Please refer to post #467 for an overview.

Note that the LRSF Monitor is not yet finished and might contain bugs. I just post the WIP versions to give you guys an early insight.
Cheers...
  • #505
  • Edited 4:36am Jul 11, 2018 3:52am | Edited 4:36am
Quoting mavilakandy
... appreciate if you please explain a little more, how to read the indicators ...
LRSF-Monitor: Trend
Attached Image

We quickly see that the trend is not consistent. Although the current timeframe shows UP, the next higher timeframe shows DOWN. This indicates a big risk as a BUY would be against the higher level trend. - No trade on this pair now!
Look at this picture that I copied from a Emmanuel7788 post in the TMS thread:
Attached Image

The 3 trends in my monitor show you the short-term-, intermediate- and primairy trend. When all 3 go in the same direction we trade with lower risk.

Please check this with your charts and see if the monitor gives the correct trend.
Cheers...
  • #506
  • Edited 4:36am Jul 11, 2018 4:03am | Edited 4:36am
LRSF-Monitor: TDI-Indicator
Attached Image

The TDI is actually showing a cross of the red-green in a BUY direction (indicated by "X-").
Attached Image

There is always discussion about the angle of the crossing. Is the angle between 12-14:00 o'clock for a buy or between 16:00-18:00 for a SELL? Please check what the monitor tells you with your own charts. Lets find the bugs!

The other signal a TDI may give is a continuation (indicated by "-X").
Attached Image

A continuation is also considered a valid entry-signal as it usually occurs aftger a small draw-back.
In the screenshot the little draw-back is the small red-candle in the middle of a huge UP-move.
Cheers...
  • #507
  • Edited 4:36am Jul 11, 2018 4:15am | Edited 4:36am
LRSF-Monitor: Stochastic indicator
Attached Image

The stochastic appears to be supporting an UP trade. This is the Stochastic(8,3,3) as advised in the TMS-thread.
Attached Image

However the next higher timeframe stochastic does not support this at all. This next higher stochastic is not part of the original TMS strategy, however the idea was brought up by J1mm. (See post #462).
Cheers...
  • #508
  • Jul 11, 2018 5:09am Jul 11, 2018 5:09am
Quoting jansb000
LRSF-Monitor: Stochastic indicator {image} The stochastic appears to be supporting an UP trade. This is the Stochastic(8,3,3) as advised in the TMS-thread. {image} However the next higher timeframe stochastic does not support this at all. This next higher stochastic is not part of the original TMS strategy, however the idea was brought up by J1mm. (See post #462). Cheers...
Hi Jansb000, Version 115s, does not take the trade 1H, all 3 stars are blue, also at 4H Chart, all are blue
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 205 KB
Click to Enlarge Name: Screenshot2.png Size: 224 KB
  • #509
  • Jul 11, 2018 8:07am Jul 11, 2018 8:07am
Quoting jansb000
LRSF-Monitor: Stochastic indicator {image} The stochastic appears to be supporting an UP trade. This is the Stochastic(8,3,3) as advised in the TMS-thread. {image} However the next higher timeframe stochastic does not support this at all. This next higher stochastic is not part of the original TMS strategy, however the idea was brought up by J1mm. (See post #462). Cheers...
Hello Jans,
You are not only a good programmer, but also an excellent teacher too.
Thank you very much.
Regards,
  • #510
  • Jul 11, 2018 9:03am Jul 11, 2018 9:03am
Hello Jans,

https://www.forexfactory.com/attachm...1&d=1501100258


The directories bim and tms is not seen in some of the brokers' MT4.
Could you please explain, how to make those directories.

Thanks and regards,
  • #511
  • Jul 11, 2018 1:04pm Jul 11, 2018 1:04pm
Quoting nschwegl
{quote} Hi Jansb000, Version 115s, does not take the trade 1H, all 3 stars are blue, also at 4H Chart, all are blue {image} {image}
I think the HA and TDI did not match
Attached Image

You have the Heiken Ashi not on and neither can I read the messages that my EA places in the upper left corner. That makes it hard for me to guess what happened.
Maybe an idea to make a template specially for posting screenshots.
Cheers...
  • #512
  • Jul 11, 2018 1:10pm Jul 11, 2018 1:10pm
Quoting mavilakandy
Hello Jans, {image} The directories bim and tms is not seen in some of the brokers' MT4. Could you please explain, how to make those directories. Thanks and regards,
You have to add those folders yourself. They are not part of MT4 or any broker.
In the file-menu go to "Open data folder", then to MQ4 - Indicators. There you can make the folders.
Cheers...
  • #513
  • Jul 11, 2018 5:57pm Jul 11, 2018 5:57pm
LRSF-Monitor: Stochastic indicator
Attached Image

The HA-column shows you
- the color of the last candle
- if the last colorchange was max 3 bars ago

Like before, I would like you guys to test the data in this column against your own charts. Just to see if we find situations that are difficult to explain.
Cheers...
  • #514
  • Jul 12, 2018 12:11am Jul 12, 2018 12:11am
Quoting mavilakandy
Hello Jans, {image} The directories bim and tms is not seen in some of the brokers' MT4. Could you please explain, how to make those directories. Thanks and regards,
Jans, thank you very much.
  • #515
  • Jul 12, 2018 6:54am Jul 12, 2018 6:54am
Quoting blamshakk
sure, setfile is nothing too out of the ordinary {image} {file} {quote}
Hi, Blamsshakk, is that Right, your enter is at TDI and Stoch, and the Profit do you make, which timeframe, how many trades ?
  • #516
  • Edited 11:33am Jul 12, 2018 10:17am | Edited 11:33am
LRSF Magnified Price

Hi all,
I have made an update to to the LRSF-MP indicator (updated 12-7-2018 18:33):
Attached File(s)
File Type: ex4 LRSF Magnified Price v1.16.ex4   51 KB | 235 downloads

There is only one difference with the previous version: The calculation of the Weekly Control Candle is now a lot better. It used to be a simple rectangle around the last 4 weeks on lower timeframes. Now, it correctly identifies the real Weekly Control Candle and only draws that single rectangle.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB

Cheers...
  • #517
  • Jul 12, 2018 10:40am Jul 12, 2018 10:40am
Quoting jansb000
LRSF Magnified Price
So... what is a Weekly Control Candle (WCC)?
A WCC is seen on the weekly chart and it is the candle that "controls" candles that come after it.
On lower timeframes like H4 and D1 we see that price often uses the LOW and HIGH of the WCC as support and resistance.
I borrowed a picture from Strat's PASR thread:
Attached Image

As long as the price is within the WCC there is a high posibility that the price react to the HIGH and LOW of the WCC, in other words we can expect that the price will range between the HIGH and LOW of the WCC. When the price finally breaks the WCC we can anticipate a big move (because it means that on the W1 timeframe higher or lower bar has started to form.
Cheers...
  • #518
  • Jul 12, 2018 10:42am Jul 12, 2018 10:42am
Hi Jansb,

This is to report a problem with EA, it continues to modify SL from .75577 -> .75639 back and forth. Can you take a look on this?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TradeStatus_CADCHF.png Size: 30 KB
Click to Enlarge Name: Jansb.png Size: 62 KB
Attached File(s)
File Type: txt TradeStatus_CADCHF.txt   < 1 KB | 251 downloads
  • #519
  • Jul 12, 2018 11:53am Jul 12, 2018 11:53am
How to trade the WCC

Now we know that there is a high chance that price will react to the HIGH or LOW of the WCC we can decide how to trade it:
When the price approaches the LOW or HIGH (and comes closer then ADR[100]/2) we wait until we see how the price reacts to this level.

When it bounces there will be a new TMS setup in the direction that points away from the HIGH or LOW.
The green circle shows an example. The orange circle appears to form a bounce too when we look at the stochastic. However, wait for the TMS setup to form.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB


When it breaks there will usually be a retest before the price moves away from the HIGH or LOW.
The pink circle shows how the price started to move away from the HIGH but then bounced again (confirming HIGH now as resistance).
This is a pattern that we often see around support and resistance lines.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 38 KB

So, for those who like to enter their trades manually, you have now a powerful tool to place your trades even better!
Cheers...
  • #520
  • Jul 12, 2018 12:08pm Jul 12, 2018 12:08pm
LRSF EA 1.15.s

I found another difference between V15 and V15s:
The initial TP was original ADR(100) * 2, but I later changed that to ADR(100) / 2. This was in anticipation of the re-entry feature that was supposed to become available in v1.19 but is now delayed. So I have set the calculation of the TP back to how it was.
There are no other changes to this old version of the EA.
Attached File(s)
File Type: ex4 BiM_LRSF_15s.ex4   167 KB | 221 downloads

Cheers...
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