LRSF - TMS Expert Advisor - MT5

Hi unseenhero42,

For this EA project I have decided to follow the Trading Made Simple strategy (https://www.forexfactory.com/showthread.php?t=291622).
This strategy is well tested, documented and scrutinized. I try to follow that strategy as close as possible. Therefore, I try to avoid discussions about the trading strategy here. In this thread I want to show how I create this EA and I like to discusss techniques about how to best automate the TMS strategy.
This LRSF EA will actually move the stop loss a couple of times to allow so-called additional MEME entries. These are entries in the same direction as the original order. Collectively, multiple entry orders will give a better average entry point. See the example below, where I entered an order at a point where I anticipated resistance, but that never happened. By adding orders I managed to come out without loss.


With "zone recovery" you probably mean a trading strategy where the Expert Advisor creates hedges that are a little bit bigger than the original order. Eventually the order and hedges will move to a break-even point. Besides the EA discussed in this thread I had another EA (never published on ForexFactory) that would follow that strategy.

Unfortunately that stategy has some disadvantages too. When the market is weak during a longer period it tends to stack hedge upon hedge upon hedge and the swap costs can become substantial. Anyway I am planning to rewrite that other Zone-Recovery EA with all my lessons learned in the near future. That will be a new thread.

Would be great if some programmers would help me with that. Anyway, let's not discuss that strategy here in this thread. It will just confuse people.

Cheers...

Hello Jansb00, well done here. I've tried to run the EA on my vps, and i have the following complains. I could only fine the mt5 version of the tdi indicator which i installed, but the others i could'nt fine. Despite installing the tdi it is not being seen by the experts

Hi timidave,

Sorry for taking so long to answer your question...

Error 4802 could indicate that there is not enough memory available.
1 - Please try to limit to just one single chart to rule out this possible cause.
2 - Manually open the indicator, see if it opens correctly on your chart. Maybe this will give a more clear error message.

Cheers...

Ok, thanks, will check and adjust accordingly

LRSF EA Version 2.08 wip 2

I just uploaded the next WIP-version to post #1.

1. Fixed a bug in the code for determination of a proper stop-loss for MEME positions.
   This will now take manually placed LIMIT orders into consideration (if added with correct MagicNumber).
2. Added a input variable "ADR_Factor".
   The placement of LIMIT orders is based on ADR100. I found that for some pairs it is better to work with ADR100 * 2.
   For example the pair EURZAR seems to work better with a larger distances between orders.

Cheers...

Well done jansb00. I admire your dedication.

This is a thread present a strategy based on Big E's TMS, i found its rule simpler (as thread's name) and more accurate compare to original thread, hope you find something useful for your EA
https://www.forexfactory.com/showthread.php?t=917569

Hi,

I've been trying out additional indicators to see possible turning points. Addition high/low of previous/present month and week. A lot of times it does respect them.

Hi unseenhero42,

I also have written my own indicator for weekly levels. It's called the 'LRSF Magnified Price Indicator' and is a collection of very handy information for your daliy trading.
https://www.forexfactory.com/showthread.php?t=847464

Cheers...

LRSF Expert Advisor v2.09 wip 1

This version has the new 'MemeAdjustPips' setting. Default value is 0.

1. Added parameter 'MemeAdjustPips'. This parameter enables to add a couple
   of pips to the TP-level of a MEME order. In cases where we know that the trade
   is going in our favour, or when the swap-costs are higher then normal, we can
   use this to gain some extra pips.

For a normal MEME trade the profit is set to just 3 pips. This value is chose so that every MEME should make a little profit, at least to cover the swap costs. Now, it is possible add a few pips to the take profit of a MEME order to let it make a few more pips. Remember, that there is no guarantee that the take profit will actually be hit. It is your own responsibility to set this setting. (it should even be possible to set it to a negative value to make less than 3 pips if that is what you would like.)

Note: When you change this value on a MEME that is already in place, it might take a couple of minutes to change the existing TP. If a MEME is in place it will be recalibrated every 5 mins. So this is the time it can take to see the effect of your setting.

Note: The value of the parameter should remain between 0 and 5, but there is no hard limit. You can set it to whatever value yiou like.

When should you use this parameter?

1. When a MEME trade has hit a strong support and resistance line and the price is bouncing in your favour. When you feel the price will move further then the default TP then you can set the value to rake in more profit. A setting between 0 and 5 would be suitable for this.
2. When the MEME is going in your direction and you are able to put a stoploss on the avarage open price that will guarantee break-even. In that case you might want to set the TP>10 to be able to follow that trend. You alse must keep moving the SL for every new bar to lock in more profit.
3. When you are trading a pair with high swap costs. You want a MEME to minimaly make the swap costs back. A setting between 0 and 3 should do the trick.

Download the latest WIP version from post #1.
Have fun using this new setting...
Cheers...

PS: Anybody interrested in writing and maintaining a user manual for this Expert Advisor?

That would be great to have a manual for the expert.

Hello jansb000,y have developed this new version, which contains artificial intelligence and a good strategy. I have done some tests in the strategy tester with good looks. Can you publish the template that you use, in the real account? Thank you

Hello Jansb00, would there not be need for backrest or forward tests of this mt5 versions of the ea you're working on like we did for the mt4 versions?

Hello Jansb00, it's been a while. Are you stilling working on version 2.09? Eagerly waiting for the final version.

LRSF Expert Advisor v2.09

I finally found the time to publish this version.
Please refer to post #1 for download.

Changes:

1. Added parameter 'MemeAdjustPips'. This parameter enables to add a couple of pips to the TP-level of a MEME order. In cases where we know that the trade is going in our favour, or when the swap-costs are higher then normal, we can use this to gain some extra pips.
2. Introduced the class cl_wcc_basis. This will enable the use of the Weekly Control Candle (WCC) for determining some important S/R lines. This WCC is not yet actually used for trading signals. First want to make sure it is all stable.

Cheers...

LRSF Expert Advisor v2.10 wip 1

I have been struggling with moving averages for a while. The indicators (the 3 stars in my LRSF indicator and LRSF Expert advisor) are often out of sync with the real value. This happens a lot after restarting MT5 or when the computer has been hybernating.
I do not know exactly how this happens, but I guess the fact that the indicators run on a different thread than the expert advisor might have something to do with it. If the values of the higher timeframes are out of sync we might get wrong or missed trading signals.

Therefore, I am going to experiment with my own Moving Average calculations in my own class. This must be very efficient as they will run in the same thread as the expert advisor. I have an idea how to do this so I started a new version 2.10 to fiddle with this idea.

Needles to say that this wip version is not reliable for real trading. Just use it on demo accounts.
Any signal should be manually verified.

Cheers...

Latest version doesn't execute any trades in BT.

What's the problem?

209 and 210 version does not trade on Backtest

The same thing on chart for 2 days