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LRSF - TMS Expert Advisor

  • #521
  • Jul 12, 2018 12:15pm Jul 12, 2018 12:15pm
Quoting Pervis
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? {file} {image} {image}
Thank you for reporting this error.
Better to change to V18 to handle this trade further:
- To see if v18 has the same problem
- To prevent your broker from complaining of changing so often. I had warnings in the past from my broker after testing a run away EA.
I will look into this a.s.a.p.
Cheers...
  • #522
  • Jul 13, 2018 2:13am Jul 13, 2018 2:13am
That is an live Trade, the losses get more and more, that is what the EA do, In an 12 Hours is Weekend, manuell I take an SL max 20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 241 KB
  • #523
  • Jul 13, 2018 11:35am Jul 13, 2018 11:35am
Hi,
Sorry, I am not able to post my forward test result here as my demo account is expired. It was doing good.
I will start again with another broker.
Regards,
  • #524
  • Edited 6:26pm Jul 13, 2018 5:29pm | Edited 6:26pm
Quoting nschwegl
That is an live Trade, the losses get more and more, that is what the EA do, In an 12 Hours is Weekend, manuell I take an SL max 20 pips {image}
Hi nschwegl,
I am sorry that this trade is not going well.
In general: If a trade does not go as planned: take it out as early as possible!

I am sorry to say, but when you trade real money you must be prepared to take the loss. Therefore, never risk more then 1%-2% of your account on any one trade. To calculate the lotsize of your initial trade (when using MEME) is a bit difficult, but it would have been better if you used the minimum lotsize of 0.01, at least until you understand exactly how this TMS strategy works. The strategy with MEME nearly always works, but there will be exceptions now and again. You must always have this worst case scenario in your mind.

You say that you use 20 pips stop-loss when trading manually. With the TMS-strategy the stop-loss is determined by different factors. With MEME the stop-loss is in principle ADR[100]*2.5 which is a lot more then 20 pips. With human trading it is often possible to use tight SL, but for the EA a bit of extra "breathing space" is needed. Adjust your lotsize accordingly.

In this case it looks like EURUSD has opened a 4th MEME order and then turned around. It is now near break-even.
On monday I would check if the price is still going up and when in doubt you must decide if you want to take the position out or not. To decide, check the TDI on the M5 chart. When the red and green go below the yellow this means it can start to go down.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB


If a trade goes really really wrong I manage this as follows:
- I start a trade. It goes against me and eventually the EA adds 5 MEME orders.
- The price still goes against me. When the loss (in pips) gets near ADR[100]*2.5 I must make a decision.
- When I do nothing, as soon as the price hits -ADR[100]*2.5, the stop loss is hit and I lose on all orders. This is a BIG loss.
- However, maybe a better way to deal with it is to manually close the oldest order. Yes you lose on this order.
- This will reduce the number of total orders, and there is room for a new MEME order. And so on.

Since I started working on this EA I have seen 3 positions going to the final stop-loss. In all those cases (they all happened in the same week) I suffered a big loss, nearly halving my (small) account. What I did then is to limit the EA to just one open position at the same time. Since then I have seen no more disasters, but when it will happen the next time I will use my new strategy of manually closing the oldest order in stead of suffering the loss of the whole position.

Why did 3 positions go wrong in one week? When something happens in the world that makes one currency pair react strongly. There is a big chance that other currency pairs will react to the same news event. So the chance that multiple currency pairs go against you at the same time is actually a lot higher then one might think. Therfore I now allow just one open position at any one time.
Note: As of version 19, when a position is positive (and the stop loss is moved so that it can not go negative anymore) The EA will accept a new position.
Cheers...
  • #525
  • Jul 15, 2018 10:58am Jul 15, 2018 10:58am
h1, rest of your questions already answered

Quoting nschwegl
{quote} Hi, Blamsshakk, is that Right, your enter is at TDI and Stoch, and the Profit do you make, which timeframe, how many trades ?
  • #526
  • Jul 16, 2018 3:42am Jul 16, 2018 3:42am
Quoting nschwegl
That is an live Trade, the losses get more and more, that is what the EA do, In an 12 Hours is Weekend, manuell I take an SL max 20 pips {image}
Hi nschwegl,
did you see how MEME played out? After adding a 4th order price started to move UP again:
Attached Image

And then it went trough the break-even point.
Attached Image

MEME did it again!
Cheers...
  • #527
  • Jul 18, 2018 2:51am Jul 18, 2018 2:51am
Hi all,
MEME Saved another trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB

I started this trade manually, and it went against me immediately.
The sceenshot is taken from H1 chart (for better visibility of the MEME trades) but the trade was initiated on the H4 chart.

Notice that the bar that closed the trade went a lot further down. Look at this on the M5 chart:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 37 KB

You can see that on this chart the HA made a nice move down. Simply staying in the trade until the HA crossed the 5EMA would have made another 20 (5x4) pips.
Something to think about.
Cheers...
  • #528
  • Jul 18, 2018 5:38am Jul 18, 2018 5:38am
Quoting jansb000
Hi all, MEME Saved another trade. {image} I started this trade manually, and it went against me immediately. The sceenshot is taken from H1 chart (for better visibility of the MEME trades) but the trade was initiated on the H4 chart. Notice that the bar that closed the trade went a lot further down. Look at this on the M5 chart: {image} You can see that on this chart the HA made a nice move down. Simply staying in the trade until the HA crossed the 5EMA would have made another 20 (5x4) pips. Something to think about. Cheers...
Hi jansb000, you have an new Version 20, I see on screen ?
  • #529
  • Jul 18, 2018 6:08am Jul 18, 2018 6:08am
Quoting nschwegl
{quote} Hi jansb000, you have an new Version 20, I see on screen ?
I am working on version 1.20. Its not finished yet. In version 1.20 I will introduce a new entry-method that I saw in a trade manager from Enzzo:
https://www.forexfactory.com/showthr...2#post10102292
  • #530
  • Edited 7:32am Jul 18, 2018 6:10am | Edited 7:32am
Hi all,
I just released a new WIP: version 1.19wip2.
See post #1 for downloads and the change-list.

PS: I haven't been able to reproduce the problem forwarded by Pervis (Post #518). That still needs to be resolved.
Cheers...
  • #531
  • Jul 19, 2018 4:34am Jul 19, 2018 4:34am
Quoting jansb000
Hi all, I just released a new WIP: version 1.19wip2. See post #1 for downloads and the change-list. PS: I haven't been able to reproduce the problem forwarded by Pervis (Post #518). That still needs to be resolved. Cheers...
Hi jansb000, thanks for the new one, but for real Money, only Version 1.15s with all Bugs, that boring with demo money
  • #532
  • Jul 19, 2018 5:39am Jul 19, 2018 5:39am
Quoting nschwegl
{quote} Hi jansb000, thanks for the new one, but for real Money, only Version 1.15s with all Bugs, that boring with demo money
Hi nschwegl,
I have not yet seen anybody posting consistent positive results with version 1.15s. So as far as I am conserned this version is still under test.
The only posts I have seen were from version 1.15 (without 's') and with version 1.15s we are trying to make it work exactly as the older version 1.15.
Before I release a version that trades real money I need to see some evidence that some users use it succesfully on a demo account.
Maybe not the answer you were hoping for but I can't simply post software that turns out to be a disaster.
Cheers...
  • #533
  • Jul 19, 2018 5:51am Jul 19, 2018 5:51am
Hi all,

I updated the LRSF Monitor.
Version 1.03 can be downloaded from post #1.

Changes:

  1. Above the table is now the time and period for confirmation.
  2. It now shows the time of the latest update per symbol. If there is no recent update the color will slowly go darker.
  3. The calculation of the trend is improved. This improvement will also find its way to the EA.

Attached Image

Cheers...
  • #534
  • Jul 19, 2018 6:18am Jul 19, 2018 6:18am
Quoting jansb000
{quote} Hi nschwegl, I have not yet seen anybody posting consistent positive results with version 1.15s. So as far as I am conserned this version is still under test. The only posts I have seen were from version 1.15 (without 's') and with version 1.15s we are trying to make it work exactly as the older version 1.15. Before I release a version that trades real money I need to see some evidence that some users use it succesfully on a demo account. Maybe not the answer you were hoping for but I can't simply post software that turns out to be a disaster....
Hi jansb000, I will do it. I will document, the next week results, for 4H Version 1.15s and 1.19wip2 for 28 pairs, and make it public, is that OK
  • #535
  • Jul 19, 2018 11:32am Jul 19, 2018 11:32am
Quoting nschwegl
{quote} Hi jansb000, I will do it. I will document, the next week results, for 4H Version 1.15s and 1.19wip2 for 28 pairs, and make it public, is that OK
Yes, please do that. Posting results, good or bad, helps us all to learn and helps me to improve on the EA.
Results may differ between brokers and timezones so with more info we get a better view on how the EA behaves under certain conditions.

Anecdote: For another project (also an EA that worked with hedging) I had two instances of MT4 on the same computer with the same version of the EA. The two trading accounts were from the same broker and even on the same brokers'server. And still there were differences between the orders taken.
That shows how delicate the trading process can be.
Cheers...
  • #536
  • Jul 20, 2018 4:01am Jul 20, 2018 4:01am
Quoting jansb000
{quote} Yes, please do that. Posting results, good or bad, helps us all to learn and helps me to improve on the EA. Results may differ between brokers and timezones so with more info we get a better view on how the EA behaves under certain conditions. Anecdote: For another project (also an EA that worked with hedging) I had two instances of MT4 on the same computer with the same version of the EA. The two trading accounts were from the same broker and even on the same brokers'server. And still there were differences between the orders taken. That...
Hi jansb000, here the rusult of this week, only winners, the other trades are ongoing, it trades 4H, 28 pairs, CET (time
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 350 KB
Click to Enlarge Name: Screenshot2.png Size: 267 KB
  • #537
  • Jul 20, 2018 1:20pm Jul 20, 2018 1:20pm
I want to second that. I had v15 running on a demo for nice profits, and when it expired I replaced with v15s which doesn't expire. I don't know if as a coincidence the market changed at that time or what, but since then the equity curve has plateaued and started to turn downwards. Will comtinue to test and report back

jansb000 - so none of the current versions work on live only demo is that right? currently my v18 h4 with MEME trades has done very well, high profit factor. How long of a successful testing period would you consider before rlreasing a live-capable version?

thanks, blam



Quoting jansb000
{quote} Hi nschwegl, I have not yet seen anybody posting consistent positive results with version 1.15s. So as far as I am conserned this version is still under test. The only posts I have seen were from version 1.15 (without 's') and with version 1.15s we are trying to make it work exactly as the older version 1.15. Before I release a version that trades real money I need to see some evidence that some users use it succesfully on a demo account. Maybe not the answer you were hoping for but I can't simply post software that turns out to be a disaster....
  • #538
  • Jul 21, 2018 4:12am Jul 21, 2018 4:12am
Quoting nschwegl
{quote} Hi jansb000, here the rusult of this week, only winners, the other trades are ongoing, it trades 4H, 28 pairs, CET (time {image} {image}
Hi nschwegl, was this with version 1.18 or version 1.15s?
  • #539
  • Jul 21, 2018 4:35am Jul 21, 2018 4:35am
Quoting blamshakk
I want to second that. I had v15 running on a demo for nice profits, and when it expired I replaced with v15s which doesn't expire. I don't know if as a coincidence the market changed at that time or what, but since then the equity curve has plateaued and started to turn downwards. Will comtinue to test and report back jansb000 - so none of the current versions work on live only demo is that right? currently my v18 h4 with MEME trades has done very well, high profit factor. How long of a successful testing period would you consider before rlreasing...
Hi blamshakk,
I noticed that the market appears to be turning, at least for some major pairs. And Trump has been very active lately as well. Some pairs, on the higher timeframes, appear flat. Version 15s can do well in a quiet trending market, but under the circumstances that we see now you will see a lot of small loosing trades. This will last until a new trend has established. With MEME on you might have a better result now, but of course there is the risc of a MEME trade going wrong.

Version 1.15s is codewise an exact copy of version 1.15. Only some bugfixes in the include files might have made their way into the newer version 1.15s.
But these include files are also used in the newer versions so I know that they work good.

If you want to trade without MEME, make sure that you only trade on pairs that show a good trend on the monthly and weekly. Leave the other pairs alone for now.
This is of course also a good strategy with MEME set to ON. If you want to trade 28 pairs with MEME, I would suggest to check your trades and don't be afraid to take them out if you are not sure. When they go against you big time, consider taking the first trade out.
The best results are possible with manual trading and using the EA just as a trade manager. The LRSF Monitor can lead you to the best opportunities.
In the end we all must learn to trade TMS to be succesful.

I do not use version 15 myself. For me its version 18 for my real account and version 19 on my demo account. I am now waiting for the new EU-trading rules to take effect to see how they work out for me. That might change the whole game anyway.
Cheers...
  • #540
  • Jul 21, 2018 4:44am Jul 21, 2018 4:44am
Quoting jansb000
{quote} Hi nschwegl, was this with version 1.18 or version 1.15s?
Version 1.19wip
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