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LRSF - TMS Expert Advisor

  • #1,101
  • Nov 17, 2018 10:12am Nov 17, 2018 10:12am
Quoting KashifNawaz
{quote} 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. {quote} 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.
Hi KashifNawaz,
Fyi, martingale has been shown to blow your account. However something could be said to increase order-size for every additional order that the EA opens. And the distance could be a multiplier. However, before starting to do a major overhaul of my EA I would like to see some examples of orders that have been saved in this manner. Not in theory in hindside, but real orders. See, all the strategies in this EA have been hand-tested before I build them into the EA. Small deviations to a working strategy often lead to a strategy that fails. And I don't want to invest my time in untested strategies.
In this thread we had discussions like this before and my answer is always: Propose your idea in the TMS thread and see what the people, who thade with TMS every day, say about it. The TMS method has remained fairly stable over the years. And that is what I have tried to automate with this project. Because of the consensus that it is a working strategy.

In your posts you say that you are a "Martingale/Grid/Hedge Lover". These are all strategies that I try to stay away from. I tried them all in the past and they didn't bring me any good fortune.
Cheers...
  • #1,102
  • Nov 17, 2018 10:25am Nov 17, 2018 10:25am
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...
Hi J1mm,
I agree with point 1. It would be better to hold on to a MEME trade until we have a clear signal that the trend has changed. This will be a topic in my new project.
For point 2 I am not so sure. Hedging doesn't work well in practice. I made an EA in the past that would use hedging, but it often would end up hedging a hedged order and then hedging again, up to a point where the total position was to big to fail and would hold my equity for weeks, sometimes months. This would not work with the new EU-rules. Accounts would simply pop after a few weeks to months.
Cheers...
  • #1,103
  • Nov 17, 2018 11:59am Nov 17, 2018 11:59am
Quoting jansb000
{quote} 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...
Thanks so much!
  • #1,104
  • Nov 19, 2018 3:59am Nov 19, 2018 3:59am
Quoting jansb000
{quote} Hi J1mm, I agree with point 1. It would be better to hold on to a MEME trade until we have a clear signal that the trend has changed. This will be a topic in my new project. For point 2 I am not so sure. Hedging doesn't work well in practice. I made an EA in the past that would use hedging, but it often would end up hedging a hedged order and then hedging again, up to a point where the total position was to big to fail and would hold my equity for weeks, sometimes months. This would not work with the new EU-rules. Accounts would simply pop...
Hmm... You are totally right, but we are not hedging as usual, we are just allowing the EA to still take opposite orders when MeMe trade is active, once you activate MeMe is to recover a "bad trade", so why not still take other entries while you are recovering that trade? At the point you take MeMe the initial entry condition is over, you know no more what is the market condition, you just take more MeMe trade as per rules, so you could be averaging down a sell trade in an uptrend, I think makes sense to still allow EA to take buy trades, at least you could be getting some pips from this uptrend until downtrend resumes and you can close the MeMe + some buy trades in the meanwhile. Having this as an option to test could make sense.

Kind Regards,
Jimm
Building a Freedom All Time Return: 5,178.8%
  • #1,105
  • Nov 19, 2018 6:24pm Nov 19, 2018 6:24pm
Hi,

Will the EA in "Live" only open one order at a time? Keep getting "Open Order Found (Other Symbol USDJPY)" for example, I have the same setting running on Demo and that had 4 orders open at the moment!

Thanks in advance.
  • #1,106
  • Nov 20, 2018 1:30pm Nov 20, 2018 1:30pm
Quoting jansb000
LRSF EA version 1.22 In post #1 you can now find wip 1 of version 1.22. In this version we can now set each timeframe we want to check before taking a trade. The format (with all defaults) is: A;A;A;A;A;A;A;A;A That is one character for each timeframe: M1, M5, M15, M30, H1, H4, D1, W1, MN1. The meaning of the characters is: A - Automatic Use this timeframe in the default way. This is that the current, next and next-next will be checked. Example, if you trade on H4 and the pattern is A;A;A;A;A;A;A;A;A then the timeframes that are checked are H4,...
Hello Jans,

Started backtesting this, GBPUSD not taking any trade, this seems to be a problem or something with the trend filter...

Kind Regards,
Jaime
Building a Freedom All Time Return: 5,178.8%
  • #1,107
  • Nov 20, 2018 4:19pm Nov 20, 2018 4:19pm
Quoting jansb000
{quote} Hi J1mm, I agree with point 1. It would be better to hold on to a MEME trade until we have a clear signal that the trend has changed. This will be a topic in my new project. For point 2 I am not so sure. Hedging doesn't work well in practice. I made an EA in the past that would use hedging, but it often would end up hedging a hedged order and then hedging again, up to a point where the total position was to big to fail and would hold my equity for weeks, sometimes months. This would not work with the new EU-rules. Accounts would simply pop...
A ver simple MeMe close approach that can be tested is...

If overall MeMe position in in profit, wait for oposite HA candle to appear. At least you could ride the momentum a bit more and considering we could have multiple positions, a ton of pips.
Building a Freedom All Time Return: 5,178.8%
  • #1,108
  • Nov 22, 2018 2:06am Nov 22, 2018 2:06am
Hi,

I've been running the EA on demo, noticed at times it enters trades against Support and Resistance ( i have a indicator that auto plots S/R). Eg. AUDNZD H1(Screenshot attached) There is support but EA entered a Sell. Would it be possible to add additional config to EA to stop it entering trades against S/R.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1-1.png Size: 65 KB
  • #1,109
  • Nov 22, 2018 6:47am Nov 22, 2018 6:47am
In this e.g sell trade placed by EA with Resistance on top. Which is more likely to work.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1-2.png Size: 65 KB
  • #1,110
  • Nov 23, 2018 12:26pm Nov 23, 2018 12:26pm
Wanted to test 1.22 but is not providing same results and causing weird behaviour in some pairs, so I got back to 1.21WIP1 and begun properly forward testing it.

Started this wednesday, results for this week:

Some trades closed manually as I want to start clean next week and I was in floating profits.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 38 KB
Building a Freedom All Time Return: 5,178.8%
  • #1,111
  • Nov 25, 2018 5:53am Nov 25, 2018 5:53am
Quoting J1mm
{quote} Hmm... You are totally right, but we are not hedging as usual, we are just allowing the EA to still take opposite orders when MeMe trade is active, once you activate MeMe is to recover a "bad trade", so why not still take other entries while you are recovering that trade? At the point you take MeMe the initial entry condition is over, you know no more what is the market condition, you just take more MeMe trade as per rules, so you could be averaging down a sell trade in an uptrend, I think makes sense to still allow EA to take buy trades,...
Hi J1mm,
A new position is started when both the next-higher and next-next higher timeframe support the trading direction. That means that when we trade on H4, both D1 and W1 are pointing in the same direction. In that sense, a retrace on H4 does not change the market condition. The big moves have not changed. When we see that on D1 opposite setup patterns appear then we should consider bailing out. But as long that does not happen we can assume we are in a retrace situation and MEME will give us a better entry point.

In practice, the EA only checks the higher timeframes when we open the first order of a position. After that it is assumed that, because of the conditions decribed above, the market condition is stable for the duration of the trade. The main concern is that the EA does not recognise S/R levels. That can indeed cause trades in a direction that humans would not do. This is still a point on my todo list. The monitor that I started working on will detect this condition.
Cheers...
  • #1,112
  • Nov 25, 2018 6:01am Nov 25, 2018 6:01am
Quoting J1mm
{quote} Hello Jans, Started backtesting this, GBPUSD not taking any trade, this seems to be a problem or something with the trend filter... Kind Regards, Jaime
Hi J1mm,

thank you for testing. Your results are surprising as a WIP version of version 22 has been available for quiet some time. I will look into this, but not now as I have very little time to do programming at this moment.
For the time being I also present version 1.21 with no restrictions.

LRSF EA Version 1.21
Attached File(s)
File Type: ex4 BiM_LRSF_21.ex4   208 KB | 660 downloads

This release is exactly the same as the erlier version except it has no time limit.
Cheers...
  • #1,113
  • Nov 25, 2018 6:06am Nov 25, 2018 6:06am
Quoting unseenhero42
Hi, I've been running the EA on demo, noticed at times it enters trades against Support and Resistance ( i have a indicator that auto plots S/R). Eg. AUDNZD H1(Screenshot attached) There is support but EA entered a Sell. Would it be possible to add additional config to EA to stop it entering trades against S/R. {image}
Hi Unseenhero42,
you have noticed this correctly. There is no support for S/R levels in the EA. I started working on that but then other problems with the EA took higher priority so support for S/R was never finished.
In my new project LRSF Monitor I will include this, and then it will make its way into the EA.
Cheers...
  • #1,114
  • Nov 25, 2018 6:14am Nov 25, 2018 6:14am
Quoting J1mm
Wanted to test 1.22 but is not providing same results and causing weird behaviour in some pairs, so I got back to 1.21WIP1 and begun properly forward testing it. Started this wednesday, results for this week: Some trades closed manually as I want to start clean next week and I was in floating profits. {image} {image}
Looks great!
Tip: The EA is best for supporting manual trades. Do not hesitate to close trades that you do not like. On 28 pairs you should actually check on a weekly basis which pairs you want to trade and in which direction (you can set the EA to only take buys or sells). When a market is ranging the EA can get confused. Simply switch the EA off on those pairs.
In short, even with an EA you still have homework to do. The monitor that I am working on will help to minimise that too, but that will take some time to finish.
Cheers...
  • #1,115
  • Nov 25, 2018 2:01pm Nov 25, 2018 2:01pm
Hi, would it be earlier to add fib indicator and if there is a possible trade then EA can check if there is enough PIP distance to next fib to break even before executing the trade. so there is less change of lossing trade if its ends up in the wrong direction.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1-1.png Size: 56 KB
  • #1,116
  • Nov 25, 2018 2:56pm Nov 25, 2018 2:56pm
Quoting jansb000
{quote} Hi J1mm, thank you for testing. Your results are surprising as a WIP version of version 22 has been available for quiet some time. I will look into this, but not now as I have very little time to do programming at this moment. For the time being I also present version 1.21 with no restrictions. LRSF EA Version 1.21 {file} This release is exactly the same as the erlier version except it has no time limit. Cheers...
Hello Jans,

Do you know why WIP1 has slightly better Profit Factor than 1.21?
Building a Freedom All Time Return: 5,178.8%
  • #1,117
  • Nov 25, 2018 3:06pm Nov 25, 2018 3:06pm
Hi, do you have a WIP1?
  • #1,118
  • Nov 28, 2018 3:32am Nov 28, 2018 3:32am
Hi, EA put a sell trade but clearly its buy. I like to trade on 1hr, is there any way the EMA 20 50 can be used on 4hr and daily as an additional confirmation of trade direction by EA. 1hr show down trend but its not confirmed by 4hr or daily.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDCADH1.png Size: 52 KB
Click to Enlarge Name: NZDCADH4.png Size: 46 KB
Click to Enlarge Name: NZDCADDaily.png Size: 51 KB
  • #1,119
  • Nov 28, 2018 2:45pm Nov 28, 2018 2:45pm
Hi ! Do you have any idea why Bim-LRSF-21 open simultaneously 10 orders ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 48 KB
  • #1,120
  • Nov 29, 2018 2:15am Nov 29, 2018 2:15am
Quoting jansb000
LRSF Magnified Price Hi all, I have made an update to to the LRSF-MP indicator (updated 12-7-2018 18:33): {file} There is only one difference with the previous version: The calculation of the Weekly Control Candle is now a lot better. It used to be a simple rectangle around the last 4 weeks on lower timeframes. Now, it correctly identifies the real Weekly Control Candle and only draws that single rectangle. {image} Cheers...
Good Day jansb000,
I would like to know whether you will consider to add to the indicator, a feature that will plot expansion zones of 1.125 and 1.272 above and below the range of the WCC. Refer to sample below. It will be much appreciated. Thank you.

Kind Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDbH4 WCC with Fib expansions.png Size: 45 KB
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