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LRSF - TMS Expert Advisor

  • #861
  • Aug 31, 2018 12:41pm Aug 31, 2018 12:41pm
Quoting Zazazaz
{quote} I live in US, there are not too many brokers available. I mean - reliable brokers. Namely - Oanda, and Forex.com All foreign brokers do not accept US residents. Some do, but no money can be trusted with those. The only one that is available is FxChoice. I have my real account with them. And they still give up to 1:200 leverage. (I am not advertising, just stating the facts).
Hi Zazazaz,
statistics have shown that as leverage is higher, the profit is usually lower. With higher leverage comes higher risc and the chance that one tries to win back a loss with one trade (which of course never works). So far, since the new EU rules came into effect I am quite happy with the lower leverage of 1:30. I am not happy with the much higher margin. If I could choose I would never go higher then 1:100. Better invest in learning good manual trading.
Cheers...
  • #862
  • Aug 31, 2018 1:10pm Aug 31, 2018 1:10pm
Quoting jansb000
{quote} Interesting first results. It shows us that we always have to treat an Expert Advisor as a tool and never as a complete solution. It will always need manual intervention, if you see it missed the trend and goes in the wrong direction it is better to close the position asap even if you have to take a small loss. At this moment, trades are often taken when a bar breaks the EMA5. This is often a strong bar so the trade, starting at the end of the bar, will open far from the EMA5. Usually after a strong bar there will be a retrace. So nearly...
Yeah, We already discussed this...

The thing is that the way we use MeMe is just a way to risk more capital for almost no reward.
Of course we can always do manual intervention but this will always be too late.

Now that you included RSI dynamic entry at least it doesnt re-enter in automatically after X pips so now makes more sense, however Ive found situations where this re-entry method was selling every small pullback on a uptrend, I could have cancelled the trades once I have identified this, but I wanted to see how far it could go with the mess
All the people in this post should work to improve the logic and propose solutions rather than just testing without even sharing their set files so we cannot really know what they test.

The EA is for sure one of the bests Ive seen and used with a very robust logic and now Im using the EMA filter as well, but needs to improve the MM piece to get more from the trend and just cut the loser ASAP and not keeping averaging down where the initial analysis is not valid anymore.

You are doing and amazing job and I will always tell you that I just like to give you my thoughts.

Kind Regards,
Jimm
Building a Freedom All Time Return: 5,178.8%
  • #863
  • Aug 31, 2018 5:50pm Aug 31, 2018 5:50pm
Here is a statement for the last 2 weeks with 3 steps of MEME.
Attached File(s)
File Type: pdf Gmail - Monthly Statement.pdf   97 KB | 501 downloads
  • #864
  • Aug 31, 2018 6:26pm Aug 31, 2018 6:26pm
Quoting jansb000
{quote} In version 21 I am going to introduce a different ENTRY mode that will wait for the retrace. So new trades will always open very close to the EMA5. If the price goes back in our favour we will get a lot more pips. If it goes against us (breaking the EMA5 again) we can come out without a big loss. I found this idea in another (old) trading strategy: https://www.forexfactory.com/showthr...10#post5220810 Cheers...
There is a very popular system in Russia related to this. Though it's not scalping, more like aiming at 2-4 trades a month, catching only major reversals, but with entries on 1 minute chart. Some guys using tick data. This way loses are terrifically low.
Let me try to explain the idea, without, may be, 2 main parts.
Let's say there is a very big candle going down through our MA.
We know, there will be a retrace. We measure that candle with Fibo.
We put 2 sell limit orders at 38.2
First order takes profit at 76.4
At that moment second order goes to BE.
Almost always second order hits 176.4
Then there are a lot of books written. It may go all the way to 261, or 430
I think, for now it's enough, because at this moment not related to this ea.
  • #865
  • Aug 31, 2018 6:29pm Aug 31, 2018 6:29pm
The main secret to that system is missing. If interested - I will describe it later. It cuts off up to 80% of negative results.
  • #866
  • Aug 31, 2018 6:56pm Aug 31, 2018 6:56pm
Also. The idea, that we look at a bar, that breaks some level, in our case a MA, is great. The problem is - we are looking at a closing price. In case of a 4 hour, or, even 1 hour bar - that could be a lot of pips.
Imagine the news. Price is jumping.
Now. The solution in a System I am talking about - is analyzing grafics all the way from 4 hour - to 1 minute.
I am not sure any human being could do that.
On, let's say, 14 pairs.
EA - can.
  • #867
  • Sep 1, 2018 12:04am Sep 1, 2018 12:04am
Hello,
Please see attached forward test report of one week. I have used a mixture of new versions with default parameters except initial lot size is 0.03.
Realized profit is good, floating loss is high.
Regards,
Attached File(s)
File Type: pdf LRSF statement.pdf   183 KB | 358 downloads
  • #868
  • Sep 1, 2018 2:07am Sep 1, 2018 2:07am
Quoting Newfxmmb
{quote} I advise you to try my settings and disable Meme
Please, can you share your setting and statments? With 6 meme blow my live account 500€ lotsize 002
  • #869
  • Sep 1, 2018 11:54am Sep 1, 2018 11:54am
Quoting jansb000
{quote} Hi Zazazaz, I usually want to see a new version perform under stress. There are not many ppl posting their trade results so I will have to rely on my own testing. It might take another few weeks. On my real account I am still running with version 18. On my primary demo account I still have version 19. That is the account that generates the notifications for my real trading. On my secondary demo account I am now running version 21, that is still under development. So version 20 is waiting until I am confident enough to move my real trading...
can you share your settings you use ?
  • #870
  • Sep 1, 2018 12:05pm Sep 1, 2018 12:05pm
Quoting atalon696
{quote} can you share your settings you use ?
That's for 1.18
I decided to switch to 1.19 today, and try it on real account.
Attached File(s)
File Type: zip My_1-18_Set.zip   < 1 KB | 410 downloads
  • #871
  • Sep 1, 2018 6:31pm Sep 1, 2018 6:31pm
Quoting atalon696
{quote} Please, can you share your setting and statments? With 6 meme blow my live account 500€ lotsize 002
I took the settings from a post in this group
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 124 KB
  • #872
  • Edited 1:36am Sep 2, 2018 12:42am | Edited 1:36am
Quoting jansb000
{quote} In version 21 I am going to introduce a different ENTRY mode that will wait for the retrace. So new trades will always open very close to the EMA5. If the price goes back in our favour we will get a lot more pips. If it goes against us (breaking the EMA5 again) we can come out without a big loss. I found this idea in another (old) trading strategy: https://www.forexfactory.com/showthr...10#post5220810 Cheers...
Dear Jansb000,
a great idea! I hope to have a better chance on your version 21 entry.
I also find EA's entry too late. This makes the number of pips less.
I am using M15 and M30 at demo account. If EA entry, I will refer to the chart H1, H4, D1 to decide to enter the command manually. Then, the entry will be sooner.
I'm still testing version 19. I'm going to try the 20wip2 version next week.
"In version 21 I am going to introduce a different ENTRY mode that will wait for the retrace." - I'm looking forward to this! Thank you very much.
Good luck to all
  • #873
  • Sep 2, 2018 7:25am Sep 2, 2018 7:25am
Quoting Zazazaz
Here is a statement for the last 2 weeks with 3 steps of MEME. {image}
I tested EA with MEME = 3. It is better than MEME = 6. The result depends a lot on the broker
This is test result EA 19 with MEME = 6 and MEME = 3
Attached File(s)
File Type: pdf test_ea19_MEME.pdf   34 KB | 221 downloads
Good luck to all
  • #874
  • Sep 2, 2018 9:22am Sep 2, 2018 9:22am
Quoting forexhanh47
{quote} I tested EA with MEME = 3. It is better than MEME = 6. The result depends a lot on the broker This is test result EA 19 with MEME = 6 and MEME = 3 {image}
Wich lotsize ?
  • #875
  • Sep 2, 2018 1:28pm Sep 2, 2018 1:28pm
Quoting atalon696
{quote} Wich lotsize ?
default: 0.02
Good luck to all
  • #876
  • Sep 2, 2018 3:26pm Sep 2, 2018 3:26pm
they were pretty much ootb except entry method tdi/sto. i have discontinued the v18 h1 demo due to huge dd. i have started a v20 demo to see if the rsi-based MEME will keep that under check.

blam

Quoting atalon696
{quote} Can you share your set for v18?
  • #877
  • Sep 2, 2018 5:16pm Sep 2, 2018 5:16pm
Quoting atalon696
{quote} can you share your settings you use ?
I use all settings with default value. That's the advantage of being developer .
I trade on timeframe H1 on 28 pairs.

Last couple of weeks I trade on H1. With H1 we get many trades (=good) but we do not use the weekly and monthlty trend and hence we get a lot of MEME's (=bad).

I think I like to stick to H1 charts, but would like the trend check to always include D1, W1 and MN1. In the LRSF Indicator I have solved this with the new trend indication. Expect something similar in future versions of the EA se we can set as a parameter which timeframes we will use per pair.
Cheers...
  • #878
  • Sep 2, 2018 5:44pm Sep 2, 2018 5:44pm
Trade results on my secondary demo account over the last two weeks...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB

Some trades where version 1.19, some where 1.20, some where 1.21.
Cheers...
  • #879
  • Sep 2, 2018 6:00pm Sep 2, 2018 6:00pm
Backtesting

Now would be a good time to do backtesting, with automatic optimization of parameters. This could reveal what the best settings would be per pair.

Who is able and willing to do this for a couple of pairs with version 18, 19 or 20?
I would be interested to see the results for the default settings and for the optimised settins!
Test data should at least cover 6 months of data.
  • #880
  • Sep 2, 2018 8:52pm Sep 2, 2018 8:52pm
Quoting jansb000
Backtesting Now would be a good time to do backtesting, with automatic optimization of parameters. This could reveal what the best settings would be per pair. Who is able and willing to do this for a couple of pairs with version 18, 19 or 20? I would be interested to see the results for the default settings and for the optimised settins! Test data should at least cover 6 months of data.
Dear Jansb000,
I will backtesting and posting the results here. Please submit a specific request. I use 3 brokers. The results are very different depending on the account.
Thank you for your EA
I would like to be happy to help you develop it better
Good luck to all
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