Disliked{quote} it does work now does the EA v18 take multiple trades or just limited to one at a time? also can the lot size be changed ? i think i changed it on expert properties during Backtest, but on the trade report it was still 0.02 thanks in advance, sorry for the endless questionsIgnored
- #623
- Jul 31, 2018 4:46pm Jul 31, 2018 4:46pm
- | Joined Mar 2014 | Status: Trader | 1,045 Posts
Still getting order 138 error backtesting the latest version 
Still getting order 138 error backtesting the latest version
Building a Freedom All Time Return:
5,178.8%
The trouble with trends
Since I made my LRSF Monitor the trend indicator [***] was the first indicator added. Before that it was already part of the LRSF Magnified Price indicator and of course it is part of the LRSF EA where it is shown as 3 rectangles. So, one may think that, by now, this indicator is rock solid and will not change anymore. Well... think again.
Determining a trend is not so easy. The main reason is that when we look at a moving avarage we always look at the history of the price. It's difficult to see what is going on right now! When we look at the picture below you can see what I mean:
The last 2 bars are blue, yet the trend indicated by the MA is still pointing down. This causes that the trend often does not show a break of the EMA5, one of the key signals for the TMS-strategy. Because of this we could miss the best entry when the first blue bar closes.
On the higher timeframes it is a bit easier, there I am happy to just use the direction of the MA. But on the current timeframe, going by the MA does not work because its an indication of the past, not the now. For the current "trend" I will now just check if the price is above or below the MA-5.
Another confusing little detail: According to the TMS-strategy, we always wait for a bar to finish before taking a trade. Up to now I just looked at the last bar (bar-0) to determine the trend on the current timeframe. As of now I will also look at the previous bar (bar-1). So the previous bar must be closed above or below the MA5 and the current bar must still be above or below the MA5. When both bars indicate the same direction then I will take that as the "trend" for the current timeframe. Note that this will allow the correct recognition of a break of the EMA-5. It also means that the best moment for trading is now immediately after the close of a bar.
May be a bit technical to take in, but hey, this is part of developing a good EA
.
After a test-period this new algorithm will be transferred to the indicator and EA. For now, please check if the monitor shows the correct colors according to your charts.
Cheers...
Since I made my LRSF Monitor the trend indicator [***] was the first indicator added. Before that it was already part of the LRSF Magnified Price indicator and of course it is part of the LRSF EA where it is shown as 3 rectangles. So, one may think that, by now, this indicator is rock solid and will not change anymore. Well... think again.
Determining a trend is not so easy. The main reason is that when we look at a moving avarage we always look at the history of the price. It's difficult to see what is going on right now! When we look at the picture below you can see what I mean:
The last 2 bars are blue, yet the trend indicated by the MA is still pointing down. This causes that the trend often does not show a break of the EMA5, one of the key signals for the TMS-strategy. Because of this we could miss the best entry when the first blue bar closes.
On the higher timeframes it is a bit easier, there I am happy to just use the direction of the MA. But on the current timeframe, going by the MA does not work because its an indication of the past, not the now. For the current "trend" I will now just check if the price is above or below the MA-5.
Another confusing little detail: According to the TMS-strategy, we always wait for a bar to finish before taking a trade. Up to now I just looked at the last bar (bar-0) to determine the trend on the current timeframe. As of now I will also look at the previous bar (bar-1). So the previous bar must be closed above or below the MA5 and the current bar must still be above or below the MA5. When both bars indicate the same direction then I will take that as the "trend" for the current timeframe. Note that this will allow the correct recognition of a break of the EMA-5. It also means that the best moment for trading is now immediately after the close of a bar.
May be a bit technical to take in, but hey, this is part of developing a good EA
.After a test-period this new algorithm will be transferred to the indicator and EA. For now, please check if the monitor shows the correct colors according to your charts.
Cheers...