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LRSF - TMS Expert Advisor

  • #701
  • Edited Aug 8, 2018 1:22am Aug 7, 2018 2:07pm | Edited Aug 8, 2018 1:22am
Hi all,
lately, many of the questions on this thread are about the EA-part of my program. This EA is intended to be used as an assistant to manual trading. In that sense it is more a Trade Manager with the extra benefit that it can take trades automatically. In the TMS-thread you can read that many have tried to make an expert advisor for the TMS strategy, but time and again it turns out that those who can trade manually make the most profit.

Why make good traders more profit with an EA?

  1. Because they know when a trade has run its course and take it out. The EA would keep the trade on until an exit-event occurs.
  2. Because they know when to ignore some of the indicators because they predict a bounce of a support or resistance line.
  3. Because they know when to take a trade out at a small loss, before it ties your money for days or weeks.
  4. Because they know when to re-enter and add to the position.
  5. Because they can read the charts like a book.

The automatic trading of this EA will most probably never make you rich. But hopefully it can assist you to learn manual trading. There is nothing wrong with using a Trade Manager as it takes a lot of work out of your hands. There is also nothing wrong with using automatic trading, but be aware that your expectations might by unrealistic.

Having said all this: Of course I am determined to beat the system and make an EA that will prove that it CAN be worthwhile. And I appreciate all the help I can get from the readers of this thread. And if a perfect system might be the holy grail and always beyond our reach, I will make this EA, with your help, approach perfection as close as possible.

  • #702
  • Aug 7, 2018 2:16pm Aug 7, 2018 2:16pm
Hi All,
I have decided that I am going to simplify version 19. The change-list is simply getting to long and the risc that all these improvements will not work correctly is getting bigger and bigger. So the next WIP version will actually be an in-between version (between version 18 and 19). Version 20 will then bring the rest of what is now in version 19. The reason for this is that some of the improvement in 19wip3 are not working well in my tests. Some re-programming is needed.
Cheers...
  • #703
  • Aug 7, 2018 2:18pm Aug 7, 2018 2:18pm
Quoting jansb000
Hi All, I have decided that I am going to simplify version 19. The change-list is simply getting to long and the risc that all these improvements will not work correctly is getting bigger and bigger. So the next WIP version will actually be an in-between version (between version 18 and 19). Version 20 will then bring the rest of what is now in version 19. The reason for this is that some of the improvement in 19wip3 are not working well in my tests. Some re-programming is needed. Cheers...
Well said and thanks for the reply earlier. We are right behind you testing and giving feedback every inch of the way.
  • #704
  • Aug 7, 2018 8:12pm Aug 7, 2018 8:12pm
Quoting jansb000
Hi all, lately, many of the questions on this thread are about the EA-part of my program. This EA is intended to be used as an assistant to manual trading. In theat sense it is more a Trade Manager with the extra benefit that it can take trades automatically. In the TMS-thread you can read that many have tried to make an expert advisor for the TMS strategy, but time and again it turns out that those who can trade manually make the most profit. Why make good traders more profit with an EA? Because they know when a trade has run its course and take...
Hello Jans,
Thanks for your response and please keep it up your good work.
  • #705
  • Aug 7, 2018 11:52pm Aug 7, 2018 11:52pm
Quoting jansb000
Hi all, lately, many of the questions on this thread are about the EA-part of my program. This EA is intended to be used as an assistant to manual trading. In theat sense it is more a Trade Manager with the extra benefit that it can take trades automatically. In the TMS-thread you can read that many have tried to make an expert advisor for the TMS strategy, but time and again it turns out that those who can trade manually make the most profit. Why make good traders more profit with an EA? Because they know when a trade has run its course and take...
Well said boss!
  • #706
  • Aug 8, 2018 2:26am Aug 8, 2018 2:26am
Quoting timidave
Hello Jans, i have this error message with the Verson 1.18s3 on my real account and it does not take trades on my mt4. Pls can you advice on what the problem is? {image}
Hi all,
just published version 1.18s4 in post #1.
I rearranged a few lines in the XOrderSend function.
Let's see if it makes any difference.
Cheers...
  • #707
  • Aug 8, 2018 3:26am Aug 8, 2018 3:26am
Jans, quick question.

The EA is not opening multiple positions at same time, but it is opening multiple positions overall right?

I mean, if an entry is triggered at 15:00 for 3 different pairs, it will just take one, but if an entry is triggered at 15:00, 16:00, 17:00 it will open 3 trades right?

Kind Regards,
Jimm
Building a Freedom All Time Return: 5,178.8%
  • #708
  • Aug 8, 2018 7:33am Aug 8, 2018 7:33am
Quoting J1mm
... if an entry is triggered at 15:00 for 3 different pairs, it will just take one, but if an entry is triggered at 15:00, 16:00, 17:00 it will open 3 trades right? ...
On a real account: No, for every trade the EA will check if there is already a trade open. So it will only trade one pair at any one time.
On a demo account: Yes, it will take any trade that it can.

Remember the new EU rules? The margin of an 0.01 trade is now approx. €35, and your account will be closed at 50% margin level.
With the trade below I had 1 original order and 2 MEME orders of lotsize 0.02. So in total 0.06. So that was €210 on margin. With 4 or 5 MEME orders on a small €500,- account it would already be necessary to add money to the account to stay alive. So there is simply not enough room on a small account to risc having multiple orders on.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB

In an upcoming version (19, 20 or 21) I will add an input parameter to enable/disable multiple trades. So on a real account you can then trade the same as on a demo account. If you can't wait that long consider creating groups of currency pair and set a different magic number per group.

Example:
https://www.forexfactory.com/showthr...3#post11248943
Attached Image

Cheers...
  • #709
  • Aug 8, 2018 8:00am Aug 8, 2018 8:00am
Quoting jansb000
{quote} On a real account: No, for every trade the EA will check if there is already a trade open. So it will only trade one pair at any one time. On a demo account: Yes, it will take any trade that it can. Remember the new EU rules? The margin of an 0.01 trade is now approx. €35, and your account will be closed at 50% margin level. With the trade below I had 1 original order and 2 MEME orders of lotsize 0.02. So in total 0.06. So that was €210 on margin. With 4 or 5 MEME orders on a small €500,- account it would already be necessary to add money...
I moved to outside EU broker... However on real I would probably put different magic numbers for each currency and its crosses with others EUR/x USD/x GBP/x NZD/x...

Im currently testing EA in H1 default settings, so far 25% account increase in less than 1 week, however, the DD was 25% as well...

I will analyse all the trades this weekend, will post results as well.
Building a Freedom All Time Return: 5,178.8%
  • #710
  • Aug 8, 2018 8:11pm Aug 8, 2018 8:11pm
Thanks for the new EA version, but still no joy with the backtest. Error 138 :-( I´ve done some research about this issue and especially when it only comes up in a backtest. Another guy had exactly this issue and the culprit was the he forgot to adjust the slippage in the OrderSend function for 5 digits brokers. Have a look, maybe it helps for your EA too:

https://www.mql5.com/en/forum/136687
  • #711
  • Aug 8, 2018 9:48pm Aug 8, 2018 9:48pm
Quoting jansb000
{quote} On a real account: No, for every trade the EA will check if there is already a trade open. So it will only trade one pair at any one time. On a demo account: Yes, it will take any trade that it can. Remember the new EU rules? The margin of an 0.01 trade is now approx. €35, and your account will be closed at 50% margin level. With the trade below I had 1 original order and 2 MEME orders of lotsize 0.02. So in total 0.06. So that was €210 on margin. With 4 or 5 MEME orders on a small €500,- account it would already be necessary to add money...
Hi jannsb000, why is it not possible to trade so most liquid pairs, have a look to this pie. instead 28 pairs, most of them exotic and have big spreads. Each Trader should know for each pair Minimum 500€, at 0.01. The founder of TMS Strategie, BigE, trade only most liquid pairs, max. 7-8 pairs
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 404 KB
  • #712
  • Aug 8, 2018 9:48pm Aug 8, 2018 9:48pm
Quoting J1mm
{quote} I moved to outside EU broker... However on real I would probably put different magic numbers for each currency and its crosses with others EUR/x USD/x GBP/x NZD/x... Im currently testing EA in H1 default settings, so far 25% account increase in less than 1 week, however, the DD was 25% as well... I will analyse all the trades this weekend, will post results as well.
I'm curious, what does magic number do? How do you use it?
  • #713
  • Aug 9, 2018 1:00am Aug 9, 2018 1:00am
Magic number is the identifier of the order opened by the EA, so for example, if an EA has checks to see if the EA has already opened orders, it will check orders with his same magic number, you can "overpass" the limitation that Jans has put in the EA (Max 1 open order) by just setting up different magic numbers on each pair and they will act as separate EAs.

I hope I explained it correctly XD

This, for example, is very important when you use the "Manual Script" as the manual script V1 puts the default magic number while the enhanced version lets you specify a magic number, if you set nothing and the EA has a different magic number than the script, the EA will not manage the "manual" order.

Kind Regards,
Jaime
Building a Freedom All Time Return: 5,178.8%
  • #714
  • Aug 9, 2018 3:01am Aug 9, 2018 3:01am
Quoting geektrader
Thanks for the new EA version, but still no joy with the backtest. Error 138 :-( I´ve done some research about this issue and especially when it only comes up in a backtest. Another guy had exactly this issue and the culprit was the he forgot to adjust the slippage in the OrderSend function for 5 digits brokers. Have a look, maybe it helps for your EA too: https://www.mql5.com/en/forum/136687
Hi Geektrader,
I made version BiM_LRSF_18s5 available in post #1.
This has Slippage as a parameter, so you might try to adjust it. It is default set to 5. If it must be adjusted to 5-digit traders then a value of 50 would solve the problem. Could you please test it?
Attached Image

PS: I found that descriptions on the web of how to setup backtesting (the ones I used in the past) are very outdated now. Can someone recommend a good up to date description of how to do backtesting with 99.9% accuracy?
Cheers...
  • #715
  • Aug 9, 2018 3:56am Aug 9, 2018 3:56am
Hi jansb000,

Thank for sharing your ea. I have started testing from yesterday and so far it has closed all positive trades. It has one trade which is running towards sl but waiting how it goes. I am using the one which you have used for live trading. I might start live trading from Monday. Any specific recommendations?
  • #716
  • Aug 9, 2018 4:11am Aug 9, 2018 4:11am
Quoting nschwegl
{quote} Hi jannsb000, why is it not possible to trade so most liquid pairs, have a look to this pie. instead 28 pairs, most of them exotic and have big spreads. Each Trader should know for each pair Minimum 500€, at 0.01. The founder of TMS Strategie, BigE, trade only most liquid pairs, max. 7-8 pairs {image}
Hi nschwegl,
The EA only trades one single pair per chart. You can attach the EA to any chart (= 1 pair) you like. So there is no limit to, or mandatory 28 pairs.
You can trade whatever you like. Even Silver, Gold, Oil, DAX20 or Crypto currencies. It's all up to you.
Cheers...
  • #717
  • Aug 9, 2018 6:57am Aug 9, 2018 6:57am
Quoting shg
Hi jansb000, Thank for sharing your ea. I have started testing from yesterday and so far it has closed all positive trades. It has one trade which is running towards sl but waiting how it goes. I am using the one which you have used for live trading. I might start live trading from Monday. Any specific recommendations?
Hi shg,
I would recommend trading on a demo account for a bit longer. One day with this complex product is not enough to learn how it works.
Let the LRSF EA run on a demo account for at least a month before you take the next step. And even then you might start by leaving the EA on a demo account and decide manually if you want to copy its trades to your live account. (You can setup notifications on your demo account to alert you whenever there is a trade opportunity). In that way you have control over what happens with your account.

Also I recommend to really study the TMS thread. I saw that you already are a member of that thread in your profile. Read from post #1 until you understand how it is supposed to work. Then also try to keep up with the latest posts in that thread to gain awareness of the latest developments like MEME. You will also notice that not every poster is a fan of the TMS strategy (although most seem to support the original BigE method).

Yep, trading with an automatic trading solution is a lot of work .
Cheers...
  • #718
  • Aug 9, 2018 9:15am Aug 9, 2018 9:15am
Greerings to everybody, especially to the owner of this thread.
What a work!
I've been on this forum for 2 years, and never took part in any activity.
Read a lot from original strategy thread, and then somehow found this one.
What a work was done.
To make it short, in a few hours I will set up version 18s5 on my server demo, and will see.
Hope to be useful for this community.
  • #719
  • Aug 9, 2018 12:28pm Aug 9, 2018 12:28pm
Quoting jansb000
{quote} Hi Geektrader, I made version BiM_LRSF_18s5 available in post #1. This has Slippage as a parameter, so you might try to adjust it. It is default set to 5. If it must be adjusted to 5-digit traders then a value of 50 would solve the problem. Could you please test it? {image} PS: I found that descriptions on the web of how to setup backtesting (the ones I used in the past) are very outdated now. Can someone recommend a good up to date description of how to do backtesting with 99.9% accuracy? Cheers...
Thanks! Exactly, "50" for slippage (or even 9999) solves the problem, now backtesting works! Will report back once again...
  • #720
  • Aug 9, 2018 12:37pm Aug 9, 2018 12:37pm
Just tried a few backtests, but am not sure what exactly this is trading. It does not look like the TMS system that I am trading manually. How can I make the EA trade every cross of the TDI as per the TMS rules? Even if disabling all the filters and profit targets, trailing, etc., it still does not trade every cross. Normally it should enter a trade, hold it until the next TDI crossing, then exit the previous trade and right away enter the new trade in the opposite direction. The EA does not seem to be able to do that?
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