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LRSF - TMS Expert Advisor

  • #661
  • Aug 2, 2018 4:07pm Aug 2, 2018 4:07pm
Quoting forexhanh47
Hi Jansb000, This is an ECN demo account, EXNESS broker. on 1/8/2018. CHFJPY opened another MEME order, EURJPE opened two more MEME orders. {image}
Hi forexhanh47,
Please note: Your broker charges swap-costs AND commission. However the spread seems to be small. Most brokers that I have worked with charge no commission.
Cheers...
  • #662
  • Edited 4:42pm Aug 2, 2018 4:12pm | Edited 4:42pm
Quoting forexhanh47
...Please give detailed instructions...
Step 1: Read post #1
Step 2: Use the scripts

The magic number can only be set by the EA or a script. Once the order is active it can not be changed.
So for orders that are already open the magic number can not be changed.
Cheers...
  • #663
  • Aug 2, 2018 4:19pm Aug 2, 2018 4:19pm
Quoting forexhanh47
Hi jansb000, I run demo account with broker Portex. 28 pairs, H4 same time with 3 accounts ( run with D1). Perhaps this EA running with H4 Chart will be better when it runs in Chart D1?. The number of orders is very small but the result is profitable. At the time I checked the 3 accounts posted above, the portex account does not have any running commands but the account balance + 9usd. The three demo accounts posted above are all running on D1. They all have some commands running and are losing {image} {image}
The number of orders is indeed not high. May I suggest that you catch up on the TMS-Strategy? The link to the TMS thread can be found in post #1. That is where you can discuss the strategy. In this thread we focus on automating that strategy.
Cheers...
  • #664
  • Aug 2, 2018 4:21pm Aug 2, 2018 4:21pm
Quoting nschwegl
{quote} Hi jansb000, I wanna test 1.18s3 at an brand new demo account, it cannot intitialliced {image}
Hi nschwegl,
The TDI-Indicator is missing or not installed in the correct folder.
Please refer to post #1 to find details about how to install it.
Cheers...
  • #665
  • Aug 2, 2018 4:32pm Aug 2, 2018 4:32pm
v18 ootb, 0.05 fixed lot h1 charts. choose your own pairs stick to the main ones no exotics

Quoting J1mm
{quote} Hello Blam, can you be so kind to answer this questions? - What are the pairs you trade? - TineFrame is 1h right? - You use standard parameters? Just set and forget or you customised anything? - 0.02 lot size? - This is with version V18?
  • #666
  • Aug 2, 2018 4:33pm Aug 2, 2018 4:33pm
Quoting jdcrux
Thanks for the wonderful EA. Just a quick one, how long before the EA actually starts trading? I have it running on Demo but no trades yet and please where can i find the instruction on how to run thr LRSf monitor. Thanks
The LRSF Monitor can be copied to your Indicators folder. Just like any other Indicator.
You'll find this folder by selecting File --> Open Data Folder and then navigate to MQL4 --> Indicators.
Restart MT4 and it should be visible in the list of Indicators.
Cheers...
  • #667
  • Aug 3, 2018 11:26pm Aug 3, 2018 11:26pm
Quoting jansb000
{quote} Ok. In post #1 I have uploaded v18s3. Please check if that uses the correct lot-size.
Hi jansb000, yesterday a checked Version 1.18s3 at 15M at demo Modus.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot2.png Size: 277 KB
Click to Enlarge Name: Screenshot3.png Size: 270 KB
  • #668
  • Aug 3, 2018 11:39pm Aug 3, 2018 11:39pm
Quoting nschwegl
{quote} Hi jansb000, I wanna test 1.18s3 at an brand new demo account, it cannot intitialliced {image}
I checked it, now it works, Next one, I have a Problem the rules of MEME orders. I think if the EA take the order 1-or 2 pips higher then the signalbar, would avoid bad trades, like this one
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 206 KB
  • #669
  • Aug 4, 2018 4:43am Aug 4, 2018 4:43am
Quoting nschwegl
{quote} I checked it, now it works, Next one, I have a Problem the rules of MEME orders. I think if the EA take the order 1-or 2 pips higher then the signalbar, would avoid bad trades, like this one {image}
I get that aswell...how did you get it to work now?
  • #670
  • Aug 4, 2018 9:45am Aug 4, 2018 9:45am
Quoting Emerald2112
{quote} I get that aswell...how did you get it to work now?
the only Chance you have, check trade monitor Status, and take manuel that trade, I will try this next week at 4H chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 246 KB
  • #671
  • Aug 4, 2018 11:21am Aug 4, 2018 11:21am
Quoting nschwegl
{quote} Hi jansb000, yesterday a checked Version 1.18s3 at 15M at demo Modus. {image} {image} {image}
are you testing on M15 chart?

very few trades on H1
  • #672
  • Aug 4, 2018 3:58pm Aug 4, 2018 3:58pm
Trading M15 Charts

The TMS strategy is not designed to work on M15 charts. There is a serious risk that the short term trend M15, M30 and H1 will tell you a direction that is actually not the real long term trend. So there is a serious risc that the MEME orders will eventually go against you.
If you want to trade the M15 I would suggest, besides M30 and H1 to also stay in line with the trend from H4 and D1 to be on the safe side.

The example from nswegl shows us why. Although there is a nice profit of 30,- there is a floating p/l of negative 61,-. That is way to risky. Furthermore, with the new EU rules the margin for all those open orders is huge.

To check the H4 and D1 you can use the "confirm" option:
Attached Image

For the MA Fast you would then use: 80
For the MA Slow you would then use: 480

This is just a suggestion, but I think the risc would be a lot less.
Someone wants to try this on a demo account?

==> This is one of those cases where it would be really
==> handy if the backtesting would work for this EA.

Cheers...
  • #673
  • Aug 4, 2018 4:10pm Aug 4, 2018 4:10pm
Quoting jansb000
Trading M15 Charts The TMS strategy is not designed to work on M15 charts. There is a serious risk that the short term trend M15, M30 and H1 will tell you a direction that is actually not the real long term trend. So there is a serious risc that the MEME orders will eventually go against you. If you want to trade the M15 I would suggest, besides M30 and H1 to also stay in line with the trend from H4 and D1 to be on the safe side. The example from nswegl shows us why. Although there is a nice profit of 30,- there is a floating p/l of negative 61,-....
really weird how backtesting will work some times, and some times not.
  • #674
  • Edited 4:37pm Aug 4, 2018 4:26pm | Edited 4:37pm
Quoting nschwegl
{quote} I checked it, now it works, Next one, I have a Problem the rules of MEME orders. I think if the EA take the order 1-or 2 pips higher then the signalbar, would avoid bad trades, like this one {image}
Hi nschwegl,
My official answer: We follow the TMS Strategy. If you think you can improve that strategy you can post your ideas in the TMS-thread and we will see what the (substantial) user group has to say about that. In this thread I want to avoid discussions about the strategy. We simply take it as a given.

Please read this article about trading strategies: https://en.wikipedia.org/wiki/Trading_strategy
One line taken from this article: "A trading strategy can be executed by a trader (Discretionary Trading) or automated (Automated Trading). Discretionary Trading requires a great deal of skill and discipline. It is tempting for the trader to deviate from the strategy, which usually reduces its performance."

I have had these trades many times. An order is opened just at the extreme high or low and then the price goes against you. Well, that is exactly why the MEME is invented. To give you a better average entry point so you can come out with profit anyway.

In version 1.20 I am going to try to implement "The Enzzo" entry method. This method would open a limit order at 60% of the current Heiken Ashi bar. So in your example the price would have to go down (which it usually does after a strong bar) and the trade would have been activated at a more favorable level.
I have used Enzzo's Trade Manager for a while and the results are very good, but you have to enter trades manually. I hope that I can get the EA to use his entry method automatically.

Enzzo's entry method is described in the PDF in this post:
https://www.forexfactory.com/showthr...8#post10137978
Cheers...
  • #675
  • Aug 4, 2018 5:47pm Aug 4, 2018 5:47pm
Trying to backtest on EURUSD / EURNZD / whatever symbol H4 (or whatever time frame), Every Tick mode, on IC Markets real account, I always get:

2018.08.05 00:41:29.671 2018.01.11 16:00:00 BiM_LRSF_18s3 EURUSD,H4: OrderSend error 138
2018.08.05 00:41:29.671 2018.01.11 16:00:00 BiM_LRSF_18s3 EURUSD,H4: OrderSend error 138
2018.08.05 00:41:29.671 2018.01.11 16:00:00 BiM_LRSF_18s3 EURUSD,H4: OrderSend error 138
2018.08.05 00:41:29.671 2018.01.11 16:00:00 BiM_LRSF_18s3 EURUSD,H4: OrderSend error 138
2018.08.05 00:41:29.671 2018.01.11 16:00:00 BiM_LRSF_18s3 EURUSD,H4: OrderSend error 138
2018.08.05 00:41:29.671 2018.01.11 16:00:00 BiM_LRSF_18s3 EURUSD,H4: OrderSend error 138

Not a single trade opens up in the backtest.
  • #676
  • Aug 5, 2018 3:48am Aug 5, 2018 3:48am
Quoting geektrader
OrderSend error 138 Not a single trade opens up in the backtest.
This is a known error. Backtesting does not work with this EA.
I tried quite a few measures to find the reason for this problem, but never was able to pinpoint the problem in the code.
Now i think I would have to do a rewrite of the code from scratch, and in every step test if the backtest still works.
That would be a major task seeing that we have thousands of lines of sourcecode. Anyway at some point I will have to do it.
Cheers...
  • #677
  • Aug 5, 2018 12:38pm Aug 5, 2018 12:38pm
Hello Jans,
See attached forward test statement of two weeks with default settings without manual entries.
The result is not bad, though it is not very attractive.
Best part is, it did not create any issues during last week's volatility.
Still, appreciate if you have any suggestions to improve the result.
Thanks and regards,
Attached File(s)
File Type: pdf LRSF Statement.pdf   156 KB | 299 downloads
  • #678
  • Aug 5, 2018 12:46pm Aug 5, 2018 12:46pm
Quoting mavilakandy
Hello Jans, See attached forward test statement of two weeks with default settings without manual entries. The result is not bad, though it is not very attractive. Best part is, it did not create any issues during last week's volatility. Still, appreciate if you have any suggestions to improve the result. Thanks and regards, {image}
Profit factor of 2.40, for me that's a bit attractive xD
Building a Freedom All Time Return: 5,178.8%
  • #679
  • Aug 5, 2018 6:26pm Aug 5, 2018 6:26pm
would i need a vps to trade this EA?

Would i occur losses or would the EA malfunction if my internet connection was to drop or laptop die ?
  • #680
  • Aug 6, 2018 5:05am Aug 6, 2018 5:05am
Quoting mavilakandy
Hello Jans, See attached forward test statement of two weeks with default settings without manual entries. The result is not bad, though it is not very attractive. Best part is, it did not create any issues during last week's volatility. Still, appreciate if you have any suggestions to improve the result. Thanks and regards, {image}
Hi mavilakandy,
Thank you for the test statement. From this statement, and others posted earlier, a picture emerges of a stable basis that makes modest profit without blunders.
You are right that we now can start to think what we can do to optimize the results, without fiddling to much with the basic setup.

These are some ideas that I plan to build in in upcoming versions:

  1. When we have a MEME position (consisting of multiple orders) the EA will take its profit at 3 pips profit. So a position of 5 orders would then make 5x3 pips. An improvement would be to keep the trades open for as long the RSI-5 is in our favour. This would make the profit more flexible and not fixed to just 3 pips.
    .
  2. When a trade goes in our favour, the EA uses several measures to protect that profit, that all resemble some form of a trailing stop. We lock in profit at the bottom of the bars. A better way would be to take profit every ADR(100)/2 (until RSI-5 starts going against as) and reenter with a new position when the RSI-5 tells us that the prices is moving in our favour again. In this case we would find ourselves often taking profit at the top of the bars and we would profit more often from little spikes in price.
    .
  3. When opening a trade, the TMS strategy says that we need strong bars, but after a strong bar there is often a little retrace, so every new trade seems to go negative first. It would be better to wait for the retrace before we enter. This would give us a better entry point. The Enzzo entry method would be helpful for this.
    .
  4. When a trade goes really well we should add to it.
    .
  5. When we get near a take profit, but the momentum is really strong, the EA should move the TP.

Of course every change to the EA will come in its own version and will need thourough testing. So we have plenty to look forward to for the rest of the year.
Cheers...

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