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LRSF - TMS Expert Advisor

  • #1,081
  • Nov 13, 2018 1:49pm Nov 13, 2018 1:49pm
Quoting nschwegl
Trading against the trend is stupid, the arrow Shows the sellTrade, so Version 1.21 work wrong, see result {image}
hi nschwegl,
The trade that you show doesn't look good. That is true. But the goal of this whole project was to automate the TMS strategy. And the trade that you have did fullfill all the rules when it started. I always said that anyone using this (or any oyher EA) should get to know the underlying strategy first and then use the EA - preferably as Trade Manager - to take some work out of your hands. As a whole the EA will almost always come out good, but indeed now and again it will make a wrong trade that it can not recover from.

If you see a trade going wrong, and based on understanding the strategy, you should feel confident to overrule the EA and take out a position before it can do any harm. In the TMS thread you can actually find some tips on when you should make that decision. I have been using this EA on my live account for quite a while and i have seen it slowly building on my account. I took out a couple of trade manually over time but not a lot. Maybe three times or so.

The best way to use this EA is to start trades manually and then let the EA (as Trade Manager) manage the trade for you. For best results you can check on the higher timeframes and only trade in the direction that you see there. See my next post for some more info.
Cheers...
  • #1,082
  • Edited 2:10pm Nov 13, 2018 1:55pm | Edited 2:10pm
Next project is coming!

Hi All,

I have decided that I will give a new boost on my LRSF Monitor. In that manner I want to fiddle with the best detection methods for good setups for new trades. And in stead of doing this in the EA and then wait for weeks or months to find out if it works, I will do this in a monitor that looks at all 28 pairs.
In this way we can see quickly if the indicated opportunities are good.

I have created a new thread for the LRSF Monitor in order to keep this thread clean.
https://www.forexfactory.com/showthr...8#post11690448

Cheers...
  • #1,083
  • Nov 13, 2018 8:00pm Nov 13, 2018 8:00pm
Quoting jansb000
{quote} hi nschwegl, The trade that you show doesn't look good. That is true. But the goal of this whole project was to automate the TMS strategy. And the trade that you have did fullfill all the rules when it started. I always said that anyone using this (or any oyher EA) should get to know the underlying strategy first and then use the EA - preferably as Trade Manager - to take some work out of your hands. As a whole the EA will almost always come out good, but indeed now and again it will make a wrong trade that it can not recover from. If you...
"If you see a trade going wrong, and based on understanding the strategy, you should feel confident to overrule the EA and take out a position before it can do any harm." I do this too, especially when the ranging market, but this ea is very profitable at most of the time. Thank you jansb000, please keep up the great work. You really help us.
  • #1,084
  • Nov 14, 2018 2:24am Nov 14, 2018 2:24am
Hi Jansb,

in post#14, you mentioned that we don't need to add TDI indicator on chart, but in post#485 you suggested some different setting for TDI. I could not find any TDI setting in EA parameters itself. Can you please clarify, how to apply this setting in EA? By applying the indicator on chart or its default within EA?
.................
  • #1,085
  • Edited Nov 15, 2018 2:10am Nov 14, 2018 5:00am | Edited Nov 15, 2018 2:10am
Back Test Results with Risky Setting (just to see quick results)
Here are my Back Testing Results with 99.9% Modeling Quality Tick Data.
Broker: XM (Standard Account)
Leverage: 1:500
Pair: EURUSD
Initial Deposit: 3000 Euro
TimeFrame: 30m
Date Range: Jan 1, 2014 till Dec 31, 2016
Setting File Attached
Attached Image (click to enlarge)
Click to Enlarge Name: 852.png Size: 40 KB
Attached File(s)
File Type: txt risky_setting_set_file.txt   3 KB | 470 downloads
.................
  • #1,086
  • Nov 14, 2018 5:40am Nov 14, 2018 5:40am
Hello Jans!

Is there any parameter value that I can setup so when MeMe kicks in it just does not close at BE? Like ok, I have to go with MeMe but as I risk more of my account I would like to have a little more in return than just BE.

Kind Regards,
Jimm
Building a Freedom All Time Return: 5,178.8%
  • #1,087
  • Nov 14, 2018 6:31am Nov 14, 2018 6:31am
I would suggest to add more options to get control of MEME (I believe, most of you will not like that) however;

*MEME Multiplier (Martingale effect to get early BE)
*MEME Distance (Current distance seems very high)
.................
  • #1,088
  • Nov 14, 2018 4:28pm Nov 14, 2018 4:28pm
Quoting KashifNawaz
Back Test Results with Risky Setting (just to see quick results) Here are my Back Testing Results with 99.9% Modeling Quality Tick Data. Broker: XM (Standard Account) Leverage: 1:500 Pair: EURUSD Initial Deposit: 3000 Euro Date Range: Jan 1, 2014 till Dec 31, 2016 Setting File Attached {image} {file}
On what timeframe have you tested?
  • #1,089
  • Nov 15, 2018 2:11am Nov 15, 2018 2:11am
Quoting kofix11
{quote} On what timeframe have you tested?
30 minutes.
Account blown up in April 2017 due to this high risk setting.
.................
  • #1,090
  • Nov 15, 2018 2:13am Nov 15, 2018 2:13am
Quoting KashifNawaz
{quote} 30 minutes. Account blown up in April 2017 due to this high risk setting.
ok, my test too, was wondering
  • #1,091
  • Nov 15, 2018 3:58am Nov 15, 2018 3:58am
Quoting jansb000
LRSF EA v1.22 Today I release version 1.22. This version has no time-limit and will work without limit. (only one position at the same time to limit the risc. This has always been the case.) {file} Have fun with this free EA!!! Cheers...
Thanks jansb000 for your hard work on this EA.
I don't understand why suddently it start grid positions and where is this grid distance to adjust? Can you tell us?
  • #1,092
  • Nov 15, 2018 4:15am Nov 15, 2018 4:15am
Quoting KashifNawaz
Back Test Results with Risky Setting (just to see quick results) Here are my Back Testing Results with 99.9% Modeling Quality Tick Data. Broker: XM (Standard Account) Leverage: 1:500 Pair: EURUSD Initial Deposit: 3000 Euro TimeFrame: 30m Date Range: Jan 1, 2014 till Dec 31, 2016 Setting File Attached {image} {file}
Quoting KashifNawaz
{quote} 30 minutes. Account blown up in April 2017 due to this high risk setting.
this is not a full auto trading robot. you must only trade TMS MEME under certain market type conditions.

when you run this using MT4 strategy tester , it will blow up many times.

it will be different when you run this forward testing in live market and trade multiple pairs and you manage the balance /equity of the account. You must only trade certain market type conditions and know when to cut-losses when the market type conditions change.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,093
  • Nov 15, 2018 5:58am Nov 15, 2018 5:58am
Quoting emmanuel7788
{quote} {quote} this is not a full auto trading robot. you must only trade TMS MEME under certain market type conditions. when you run this using MT4 strategy tester , it will blow up many times. it will be different when you run this forward testing in live market and trade multiple pairs and you manage the balance /equity of the account.
Agree with you friend. I am also fan of TMS since a year but the problem is, I cannot trade manually, hence running behind a fully automatic system with stop loss. I just wish that if we have martingale touch in MEME (with multiplier and grid size) to recover from wrong trades. If failed then take losses.

Quoting emmanuel7788
{quote} {quote}You must only trade certain market type conditions and know when to cut-losses when the market type conditions change.
The problem is, newbie like me can never understand what market is doing right now. so we can use hard stops of this EA and let it run.
.................
  • #1,094
  • Nov 15, 2018 6:00am Nov 15, 2018 6:00am
Some ideas I have for next release that I think could imrprove the EA performance....

1 - Once MeMe is activated EA will start looking for a fast exit in profit, which means that at the end, you could en up risking a high amount of your account for a small regard (BE+X), my suggestion is to enhance this, once Meme is Activated EA should look for more profit, as you started to average down your position I would like for something like BE + % of the total risked, so at least you feel like the DD held by EA was worth it something more like an exit in BE. Keep in mind that in the moment MeMe trade is activated your initial entry criteria is totally gone, you could be catching a total new trend in the opposite way, and here is when my second idea comes...

2- BUY and SELL, actually when a BUY is active, EA is not taking sell trades, I think that's not correct as the whole point of an EA is that it eliminates our BIAS, when you take a buy, your bias is bullish,if you average down your bias is still bullish, but maybe while you are averaging down you have some signals for sell still, why not to take them? You could gain some pips while it goes down until it finally goes up and you can close the whole trade in profit, it also would be some sort of hedge and maybe it could be an option to enable it or disable it for people that does not have hedging restrictions. so basically EA would be taking BUY and SELLs and managing them independently on the same pair.

Regards,
Jimm
Building a Freedom All Time Return: 5,178.8%
  • #1,095
  • Nov 15, 2018 4:52pm Nov 15, 2018 4:52pm
Quoting J1mm
Some ideas I have for next release that I think could imrprove the EA performance.... 1 - Once MeMe is activated EA will start looking for a fast exit in profit, which means that at the end, you could en up risking a high amount of your account for a small regard (BE+X), my suggestion is to enhance this, once Meme is Activated EA should look for more profit, as you started to average down your position I would like for something like BE + % of the total risked, so at least you feel like the DD held by EA was worth it something more like an exit...

there are lot of other things you need to consider when you want to trade TMS MEME.

one of the most important is the market type definition.
TMS MEME will work well in two distinct market types - trending and the wide range sideways market types. It fails when market is narrow range sideways.

study and learn the first key:
https://www.axitrader.com/au/market-...x-market-types

when trading with TMS MEME, you need to consider the market volatility, use a stop loss as your Risk when you plan your trade, then do you trade positions sizing for all the positions in one basket of trades. Remember, it is trading with baskets of trades in several currency pairs of different groups and that is your leverage.

you need to know when to cut-loss when the market condition changes and go against your trade plan.

hedging is not an integral part of TMS MEME but you can trade both ways using different accounts.

managing your account floating drawdowns is important and closing older positions before you average down by adding new ones should be considered. This happens when the swings high-low are very wide and the retracements goes very deep. Manage your Average Entry price of all open positions in same basket.

...more/
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,096
  • Edited Nov 16, 2018 3:28am Nov 15, 2018 6:12pm | Edited Nov 16, 2018 3:28am
Quoting emmanuel7788
{quote} there are lot of other things you need to consider when you want to trade TMS MEME. one of the most important is the market type definition. TMS MEME will work well in two distinct market types - trending and the wide range sideways market types. It fails when market is narrow range sideways. study and learn the first key: https://www.axitrader.com/au/market-...x-market-types when trading with TMS MEME, you need to consider the market volatility, use a stop loss as your Risk when you plan your trade,...
Of course but you can never know if a bearish volatile marker is going to change to a sideways 0 volatibility by the next candle so one you make the trade you need to manage it the best you know.

I dont agree with you that worse market condition for MeMe is narrow range as this kind of market conditions dont last too much and will not hurt your equity as the worse scenario would be dealing with an open position for days. But oh boy if you catch the begining of a trend in a wrong direction you will be opening MeMe trades for the eternity hoping that your equity will last longer that the trend. But if you are able to manage a trade in a way that you still can buy/sell when managing the exit of a "wrong entry" with MeMe thats another story, if you catch a wide ranging market you will be eventually closing all trades in profit, if you catch a trend you are fine, ir you catch the trend wrong you will be hedging a little bit your initial bad trade and increasing the possibilities to survive and if you catch a narrow range you just need to wait next "jump", and if you catch a volatile trend, the actual EA logic would open some MeMe trades and close them at BE making you risk a little bit more of the account for almost no rewards making you miss the pips that trend had to offer.

But well thats just my view.
Building a Freedom All Time Return: 5,178.8%
  • #1,097
  • Nov 17, 2018 9:41am Nov 17, 2018 9:41am
Quoting KashifNawaz
Hi Jansb, in post#14, you mentioned that we don't need to add TDI indicator on chart, but in post#485 you suggested some different setting for TDI. I could not find any TDI setting in EA parameters itself. Can you please clarify, how to apply this setting in EA? By applying the indicator on chart or its default within EA?
Hi KashifNawaz,

The EA manages its own TDI settings. The TDI that the EA uses is not visible on the chart.
If you want to add a TDI to your chart for your own viewing pleasure, for example to learn why the EA took a trade, then you have to apply the same settings as the EA does. These are the settings in post #14.

Cheers...
  • #1,098
  • Nov 17, 2018 9:46am Nov 17, 2018 9:46am
Quoting KashifNawaz
Back Test Results with Risky Setting (just to see quick results) Here are my Back Testing Results with 99.9% Modeling Quality Tick Data. Broker: XM (Standard Account) Leverage: 1:500 Pair: EURUSD Initial Deposit: 3000 Euro TimeFrame: 30m Date Range: Jan 1, 2014 till Dec 31, 2016 Setting File Attached {image} {file}
The EA does have potential. It was designed with a leverage of 1:100 in mind. The timeframe of 30mins is relative short, but it seems to work out nice in your backtest.
  • #1,099
  • Nov 17, 2018 9:51am Nov 17, 2018 9:51am
Quoting J1mm
Hello Jans! Is there any parameter value that I can setup so when MeMe kicks in it just does not close at BE? Like ok, I have to go with MeMe but as I risk more of my account I would like to have a little more in return than just BE. Kind Regards, Jimm
Hi J1mm,

the only settings are:
Attached Image

But they do not apply to MEME. Any MEME position will close at a little more than break-even. The idea was that after a MEME the EA would immediatly open a new position, but I never implemented that in this EA-Version.
Cheers...
  • #1,100
  • Nov 17, 2018 9:54am Nov 17, 2018 9:54am
Quoting kofix11
{quote} Thanks jansb000 for your hard work on this EA. I don't understand why suddently it start grid positions and where is this grid distance to adjust? Can you tell us?
Hi kofix11,
this "grid" is the so called MEME-strategy. The distance is ADR(100)/2. This is hard-coded, or depends on RSI for Dynamic MEME. You can read all about it in the TMS thread. (See post #1 for a link).
Cheers...
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