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LRSF - TMS Expert Advisor

  • #541
  • Jul 21, 2018 5:54am Jul 21, 2018 5:54am
Hi,
Pls see attached forward test report for last one week, without any manual interference.
The result is not bad, though it is a bit slow.
A total of 24 charts are opened. LRSF_15s, LRSF_18 and LRSF_19wip1 are used for 8 ccy pairs each.
Many of the pairs are still waiting for the right time to open positions.
Attached File(s)
File Type: pdf Forward test statement_demo acct..pdf   138 KB | 342 downloads
  • #542
  • Jul 21, 2018 11:16am Jul 21, 2018 11:16am
thanks for the explanations jansb000. and like i said, will continue to test and report back. meanwhile can you tell me if the EAs released here are capable of trading on a live account?

blam

Quoting jansb000
{quote} 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....
  • #543
  • Edited 2:47pm Jul 21, 2018 2:18pm | Edited 2:47pm
Quoting blamshakk
thanks for the explanations jansb000. and like i said, will continue to test and report back. meanwhile can you tell me if the EAs released here are capable of trading on a live account? blam {quote}
Edited after earlier reply...

High blamshakk,
As of version 1.19wip3 I will make sure that each future version can trade on a real account. Just for a limited time of 26 weeks. After that they remain working in demo mode. 26 weeks is plenty of time, seeing that new releases appear well before that time has passed.
Cheers...
  • #544
  • Jul 21, 2018 9:16pm Jul 21, 2018 9:16pm
hey jansb000. thanks for the reply. can you consider making a version live tradeable after a certain demo testing period with proven positive results? In case somebody wants to trade that version indefinitely? I've made this point before, about the difficulty of finding decent EAs, and i think this system is a decent EA. regarding the 26 weeks limit, I might want to trade a version live as i am happy with it, and don't want to necessarily be forced onto the next version. not saying don't continue to refine in the meanwhile, but it seems to me it would be more desirable to have a version system that after being proven for a certain period of time,could be traded live without the fear of expiry. I understand your want to protect people, but to an extent this is trading, and users take on that inherent risk when live trading any system. I hope you will consider my points.

regards, blam

Quoting jansb000
{quote} Edited after earlier reply... High blamshakk, As of version 1.19wip3 I will make sure that each future version can trade on a real account. Just for a limited time of 26 weeks. After that they remain working in demo mode. 26 weeks is plenty of time, seeing that new releases appear well before that time has passed. Cheers...
  • #545
  • Jul 21, 2018 11:24pm Jul 21, 2018 11:24pm
Quoting jansb000
Hi all, I updated the LRSF Monitor. Version 1.03 can be downloaded from post #1. Changes: Above the table is now the time and period for confirmation. It now shows the time of the latest update per symbol. If there is no recent update the color will slowly go darker. The calculation of the trend is improved. This improvement will also find its way to the EA. {image} Cheers...
Thanks Jansboo, i've been wondering how to identify a fresh signal from this table.....
  • #546
  • Jul 22, 2018 2:22am Jul 22, 2018 2:22am
Quoting jansb000
{quote} 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...
Hello Jans,
While I thank you very much for your good effort to improve your EAs and ready to share them with others, may I kindly request you to explain a bit more - how to read the LRSF Monitor to initiate manual trades ? I am a bit confused with it. For example, if all 3 stars (*) are red, then the trend is down. But, at the same time, if TDI is showing - - , and Stoch is showing X -, and HA is showing - X, what should be our action point ?
Please explain.
Thanks and regards,
  • #547
  • Jul 22, 2018 4:36am Jul 22, 2018 4:36am
Quoting blamshakk
hey jansb000. thanks for the reply. can you consider making a version live tradeable after a certain demo testing period with proven positive results?{quote}
Good idea. So the WIP versions for demo only and then the final major version for real trading.
For now I will stick to the 26 weeks limit, but I'll make sure that I can re-release older versions.
Cheers...
  • #548
  • Jul 22, 2018 4:46am Jul 22, 2018 4:46am
Quoting timidave
{quote} Thanks Jansboo, i've been wondering how to identify a fresh signal from this table.....
Keep in mind that this is a very new and recent development. If you see something that you can not explain it might be that there is a bug in the LRSF monitor. So just keep those questions coming. If something is not clear or faulty I will explain it or fix it.
Cheers...
  • #549
  • Jul 22, 2018 5:48am Jul 22, 2018 5:48am
Quoting mavilakandy
{quote} Hello Jans, While I thank you very much for your good effort to improve your EAs and ready to share them with others, may I kindly request you to explain a bit more - how to read the LRSF Monitor to initiate manual trades ? I am a bit confused with it. For example, if all 3 stars (*) are red, then the trend is down. But, at the same time, if TDI is showing - - , and Stoch is showing X -, and HA is showing - X, what should be our action point ? Please explain. Thanks and regards,
Good question!
The EA uses a number of signals that all must align before it takes a trade. So in general, all signals must give a good indication that a certain condition is met before it will take a trade.

Trading involves the following decisions:
- The direction of the trade, UP or DOWN.
- The best entry-point.
- The best exit-point.

Trend
The trend is measured on 3 timeframes, the current chart-timeframe, one higher and the next higher one. So if you trade on the daily the EA checks the general direction of the price on the D1, W1 and MN1 timeframe. Trading in the direction of the trend is the main succesfactor of this EA. Never ever trade against the trend.
While the trend is going down, the real price at a particular time might go up temporarily, however over a period of <n> bars the average is still down. However, these temporary spikes against the trend are not the best moments to get in a trade. So, besides the trend, we check for a couple more indications.
By following the the trend we solve the first decision.

The LRSF Monitor shows the 3 trends as 3 asterisk symbols (or 3 stars). Blue means up, red means down and white means that we can not determine a trend.

TDI
The TDI is based on the RSI indicator and it gives us an indication of when the price starts to move up or down. The crossing of the red/green will show us the direction that the price seems to be going. We will only trade in the direction of the trend so we will ignore a lot of signals when they do not go in the trend direction.
The crossing of the red and green must be really clear, so we will also ignore crossings where the red and green remain very close to each other.
Do the TDI also gives us a signal about the direction, but when we trade near the crossing of the red/green we also get a signal for the entry of a trade.
Sometimes the TDI appears to make a crossing but just before that happens the green/red are widening again. This is called a continuation signal.

The LRSF Monitor shows either "X-" when a crossing is detected or "-X" when a continuation is detected.

Stochastic
The stochastic is an indicator that tries to predict what the price will be doing on the short term. If the this prediction matches the TDI (and the trend) then we have an other indication about the direction the we should trade in. The TDI tellse us the type of trade and when to enter. The stochastics "promises" us that the price will remain going in that direction for the next few bars.
J1MM came with the idea to also check the stochastic on the next higher timeframe to prevent false signals. This is not built in the EA yet, but the LRSF Monitor shows it anyway.

The LRSF Monitor shows "X*" in the color that it predicts the price will go. The second character gives the prediction on the next higher timeframe. This signal is there for information only.

Heiken Ashi
The Heiken Ashi (HA) indicator is a different way to look at the bars of a chart. Every HA bar looks at the price, but also tekes the previous bar into account. The result is that HA-bars filter out a lot of noise. In a trending market you will see the HA bars nicely flowing up and down. A HA-sequence (a series of HA-bars with the same color) usually lasts between 3 and 8 bars. So if we want to get in a trade we must do it in the first or second bar. Any later increases the risc that the price will go against us.
To make sure that we only take signals that are strong we also demand that the price and HA-bar crosses the 5EMA as well.

The LRSF Monitor shows "X" and a number to indicate the direction of the HA indicator and on the second position a "1", "2" or "-" to indicate the bar-number of the HA-sequence. Only 1 or 2 can be traded.

Conclusion
All these conditions have to be met in a very short timeframe (1 or 2 bars) to be counted as a valid trade signal.

This leaves us with the exit-signal. The TMS-strategy is not very clear about that. Multiple definitions are used by different traders:
- the TDI starts moving against us.
- the HA changes color.
- The price breaks the 5EMA.
- The price breaks the low of the previous HA bar.
- The price goes below a trailing stop.

The EA will handle the exit pretty good so the LRSF Monitor gives no support for that.
Cheers...
  • #550
  • Jul 22, 2018 6:35am Jul 22, 2018 6:35am
Quoting jansb000
{quote} Good question! The EA uses a number of signals that all must align before it takes a trade. So in general, all signals must give a good indication that a certain condition is met before it will take a trade. Trading involves the following decisions: - The direction of the trade, UP or DOWN. - The best entry-point. - The best exit-point. Trend The trend is measured on 3 timeframes, the current chart-timeframe, one higher and the next higher one. So if you trade on the daily the EA checks the general direction of the price on the D1, W1 and...
Jans, thank you so much for the detailed explanations.
So, we don't have to worry to make manual entries when the market is trending (when we see 3 asterisks are same color), thereafter the system will take care.
Again, thanks and regards,
  • #551
  • Jul 22, 2018 5:34pm Jul 22, 2018 5:34pm
Quoting mavilakandy
{quote} Jans, thank you so much for the detailed explanations. So, we don't have to worry to make manual entries when the market is trending (when we see 3 asterisks are same color), thereafter the system will take care. Again, thanks and regards,
Noooo, that's not what I said. With manual trading you want to give yourself the best possible chance on profit. So all the signals should be in your favour. That explaines why the EA doesn't take so many trades per week. If you can choose, choose the pair with the best conditions. After you enter, wait until profit reaches 30 pips and then move the SL to +5pips (the EA will do that for you). Only then look for a second trade.

Trading is not simple, otherwise everybody would do it and would become rich. The LRSF Monitor helps you to quickly see which pairs are interesting to look at for that day. Thats a good starting point. For example if you want to trade the H1 timeframe during the London session and you want to check 28 pairs + EURZAR + SILVER. Thats 30 charts you have to check every hour. That gives you a daytime task. With the monitor you focus on the pairs with 3 stars in the same colour and then patiently wait for the TDI tor cross AND the HA starting a new sequence. THAT's where you enter a new trade.

On top of the LRSF you might want to add your own checks, like the RSI on M5 and where are the support and resistance lines. Believe me, its a lot to check but it will improve your success rate by a major factor.
Cheers...
  • #552
  • Jul 22, 2018 6:16pm Jul 22, 2018 6:16pm
Nice work Jan. I'm following. Agreed that trading can be challenging and if the signals provided are align with each other, pips can be gained.
  • #553
  • Jul 22, 2018 9:48pm Jul 22, 2018 9:48pm
Quoting jansb000
{quote} Noooo, that's not what I said. With manual trading you want to give yourself the best possible chance on profit. So all the signals should be in your favour. That explaines why the EA doesn't take so many trades per week. If you can choose, choose the pair with the best conditions. After you enter, wait until profit reaches 30 pips and then move the SL to +5pips (the EA will do that for you). Only then look for a second trade. Trading is not simple, otherwise everybody would do it and would become rich. The LRSF Monitor helps you to quickly...
Hello Jans,
Again, thank you so much and your patience to write detailed reply is very much appreciated.
Yes, I agreed. It is not an easy task. It is really challenging; at the same time hard work on this will surely pay off.
Regards,
  • #554
  • Jul 23, 2018 2:04pm Jul 23, 2018 2:04pm
Hi all,
just posted LRSF EA version 19wip3.
See post #1 for download and changelist.
Cheers...
  • #555
  • Jul 24, 2018 4:05am Jul 24, 2018 4:05am
Quoting jansb000
Hi all, just posted LRSF EA version 19wip3. See post #1 for download and changelist. Cheers...
Thanks! You're blessed and highly favored.
  • #556
  • Jul 24, 2018 5:30am Jul 24, 2018 5:30am
Quoting jansb000
Hi all, just posted LRSF EA version 19wip3. See post #1 for download and changelist. Cheers...
I installed it on my real account and it says 'for this version only demo trading is allowed'!
  • #557
  • Jul 24, 2018 6:21am Jul 24, 2018 6:21am
Hi all,
Just uploaded LRSF Monitor wip v1.04. See post #1 for download.

Changes:
- It now uses the corrected trend calculation, same as LRSF EA.
- Highlights forex-pairs that look promising based on trend on 3 timeframes.
Attached Image

Cheers...
  • #558
  • Jul 24, 2018 6:24am Jul 24, 2018 6:24am
Quoting timidave
{quote} I installed it on my real account and it says 'for this version only demo trading is allowed'!
Please read post #547. For wip-versions only demo-trading.
Please post your demo-results here so we can conclude faster if version 1.19 is stable enough to be released.
Cheers...
  • #559
  • Jul 24, 2018 11:21pm Jul 24, 2018 11:21pm
Quoting jansb000
{quote} Please read post #547. For wip-versions only demo-trading. Please post your demo-results here so we can conclude faster if version 1.19 is stable enough to be released. Cheers...
Hi jansb000 Are you sure that the version works properly, no trade at 24h, 28 pairs, 1H chart-This optimal trade was not taken
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 205 KB
  • #560
  • Jul 25, 2018 12:15am Jul 25, 2018 12:15am
Quoting jansb000
Hi all, Just uploaded LRSF Monitor wip v1.04. See post #1 for download. Changes: - It now uses the corrected trend calculation, same as LRSF EA. - Highlights forex-pairs that look promising based on trend on 3 timeframes. {image} Cheers...
Hi jansb000, why is at the monitor HA blue, but at the Chart red ?, look attachment
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 268 KB
Click to Enlarge Name: Screenshot2.png Size: 211 KB
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