Trading Made Simple EA by Guess Whom

Good Day Traders,

First thing is a big Thank you to Steve Hopwood for taking the time to code this EA. Again Thank you Steve.

Also thank you for you traders that have just posted in the last couple of days. It has helped me with this EA.

I have been trading for almost 4 years and these last 8 months I have been making pips (finally). My system is very simple and I like it. Now that I have a system and have been making pips I am wanting to learn all about these EA's. Last week I found that IBFX has some very simple EA's and I tried one and liked it so I have been on the search for other EA's. I found a couple of EA's from a couple of years ago but no up date posts. I then came across this EA and fourm over the weekend. I know nothing about EA's and in trying to figure out all the different settings on this EA I now have been bit by the need to learn how to code EA's. I have found a pdf on coding and am reading it. Now that you know a little about me and my history I will share how I have been trading with this EA.

Sunday night I loaded this EA on a live account trading .01 on 11 pairs. Time frame was 5 min and the EA did not work. I changed the ECN from false to true and Wow did this EA ever come to life. The bells sounded like a pop corn machine and all the trades very fast went into a loss. I then turned the EA off.

On Monday morning I set the time frame to 1 hour on all the pairs and I also tried the 15 tf on some of the pairs as well. I also tried changing some of the settings on the EA but because I don't know nothing about EA's I spent most of the morning trying to figure out what the different settings was for and how to change them. I still have know idea what some of these settings are I just been pushing buttons and changing settings and then see what happens. I changed the Criminalls ECN ( I still don't know what this is for) from false to true. I changed what I believe is the stop loss and the take profit settings as well. I have the break even checked on true. Not sure how or why but when the EA takes a trade it shows my sl and tp on the charts. When I turned the EA on again this EA went crazy again. A window came up and said op_ order send failed with error (146) trade context is busy. But when I check my account history the orders did go through and they opend and closed with a loss and just kept opening and closing with a loss. I ended up and shut the EA off. I then put all 11 pairs on only the 1 hour tf and that made the EA keep from opening and closing trades one right after the other. So my first lesson with this EA is I can only have the 11 pairs on one tf not two tf at the same time. I am now almost $3.00 in the loss.

Monday afternoon trading the 1 hour tf this EA was taking 3 to 4 trades every hour and most of them for a profit. I am still getting this window that comes up and says that op_ order send failed with error (146) trade context is busy. Again when I check my history the trades are being placed. Some of the trades I ended and some of the trades the EA ended. By Monday night I had made most of my pennies back that I had lost from the morning.

Monday night I changed to the 4 hour tf. and the EA took 2 trades at 8 pm New York City time. As I write this this morning I have had 14 trades taken so far and only 4 with a loss. Now the problem I am having at the moment is the EA took a trade on the gpy/jpy and it hit my take profit and the trade ended. As soon as the trade ended the EA took the same trade again but price turned and I am at a loss with almost as much as I had made from the earlier trade. Now I have also had the same thing happen on a eu/jpy trade. The EA took the trade but it went for a loss so I closed the trade. I soon as I close the trade the EA takes the trade again and it goes for a loss. lol nothing like a dog chasing its tail. I ended up and turned the EA off on all the jpy pairs untill I figure out what to do. I also am still getting that window that comes up and says op_ order send failed with error (146) trade context is busy. At the new 4 hour candle at 8 am I did not get no new trades from the EA. I have 2 trades open. A buy on the usd/chf and it is -0.25 and a buy on the eur/chf with a +0.82 The EA has moved my sl to breakeven on the eur/chf trade. I still have a couple of hours before I have to leave so I am going to get back into this EA and try to learn some more of the settings. I will post later today on how the trades are going.

Seller9 if you don't mind what is that Dash Board you are using and how does it work with this EA? I also like the idea of trading on the longer tf and getting into the trade from the 30m tf. So far I have had the best trads on the longer tf. I also see on Big Eds site that a lot of those traders are trading on the 4hr tf. They claim that they have better trades from the 4hr tf.

I think with some work on this EA a person could make this work and have some nice trades.

Jagfx

Hi seller9
Are you not using tp on the ea? Maybe that is why when I end a trade the EA takes another one.

just had a new 4 hr candle at noon and 3 new pairs. usd/cad, eur/usd, and gbp/usd. Out of the 3 the only tdi cross I had was on the gbp/usd. I don't understand why are these trades being taken? I thought this EA was set to take a trade only on a tdi cross. If so then I must have changed a setting. My eur/chf hit my tp. What a nice trade. Entry was 1.2114 tp was 1.02214
my usd/chf went from -34 to -3 I tightend up my sl and tp for this afternoon.

The EA I am using only allows one trade to be made and then the "Robot" suspends itself, this way it won't open another trade after closing one on the same pair.

I use a Take Profit of 400 pips at the present time which is sent to the Broker when the trade is sent, but the EA watches for a reversal of the trade signal from the TDI and if it gets one it will close the trade at that point. The TDI reversal is what closes the trade if the TP is not reached. I am not using any trailing stop or jump stop, just TP or TDI to close.

At this point I am experimenting with a Stop Loss based on the ATR, at this time it is around 100 to 200 pips which may be a little on the large size.

Click on my forum name and look at some of my other posts where I have made Dash Boards at other forums and you will see how the Dash Board works.

If by the end of the month things look to be working OK, I will post what I am presently using, but for now I don't want to be getting a lot of questions because of buggy software.

The EA I am using is the one Steve posted with just some changes. Here is what it looks for when on the Daily time frame.

1) TDI M30: Green above Red for Long trade and Green below Red for short trade. It doesn't have to be right at the cross, but just above or below.
2) TDI Daily time frame must have just crossed either up or down for Long or Short trade.
3) TMA: I am using this to determine if I should take the trade. I want the price to be below the center line for a Long trade and above the center line for a Short trade.
4) Candles: For a Long, must be a Red candle followed by a Green "OR" Red candle followed by 2 Green candles. Will not trade on a third Green candle, all conditions must be met on first or second Green candle after Red for Long trade. The opposite for Short trade.
5) The first or second candle (both same color preceded by opposite color" must close above or below the SMA5 for Long or Short.

Thats about it, the trade can be taken anytime durring the candle and does not depend on when it opened. The EA also trades 24 hours. One other thing the Robot suspends itself after one trade to prevent it from entering another trade. Once a day I look at the charts and see if I should restart any Robots that have been suspended. Daily trades can last one week to a month, so this is like watching grass grow.

After some testing I will take a look at the bad trades and see if if there is a another filter that can be added to eliminate them without eliminating any good trades.

The EA just took a Daily trade on eurjpy

Tonight with the 8 pm candle I still have 4trades going from this afternoon. all in profit but one and that is the usd/cad. I am -11 pips.
The 8pm candle gave a short trade for the eu/usd. I am profit 21 pips in the first hour on that trade. I have move sl to br. When the order from the EA happen I checked other tf on the eu/usd and when I did that the EA ended the trade. So I had to take the trade my self. Must be on a EA you can not jump from one time to another. I will have to check this out.

Good Day,

I have started the day with some big losing trades. I thought I had the sl figured out but guess not. The eur/chf during the night kept taking losing trades. -47, -51 and a -35. I spent a little over 3 hours last night on google tying to find out what the hell a jumping sl is in this ea. I never did find out. One good thing is I found a fourm that Steve Hopwood has set up that is for EA newbies like my self so that we would have a place to ask questions. Until I get this ea figured out I am not going to just let it run.

Today I am going to trade on a shorter tf. When a trade has tripped I can then manage the sl and tp my self. You traders that know EA's and code must be having one hell of a laugh at me. Your welcome.

Put the EA on a demo account and also on a penney live account last night to see how it would work durring the London session and the first part of the New York session. Live account was .01 lot and demo was .05 lot. The demo account took 4 trades and the live account took 3 trades. These two accounts are with different bokers and have different candle starting times. There is a one hour difference between them. I haven't done a lot of testing with the Take profit setting yet so I closed the 3 live trades for a profit and still have the same demo ones running. As you can see I have 3 for profit at this time and 1 at a loss. I am going to let them run and let the reverse cross over of the TDI close them out and see what happens. Or if they hit their TP, that will close them out. Tonight I will do the same set up but I think I will reduce the TP and see if I can get some quick pips for a profit, rather than waiting for the entire run. These are all on the H4 time frame, which seems to work well. I think just shooting for fewer pips and a larger lot and just doing this night after night may work well.
The images are of the demo account, accept for the last on which is the live account. You can see why the live account did not take the last trade as there is no TDI cross and there is no "Blue" candle. Same software and setup on both brokers, only candle start time and maybe prices may vary causing this difference.

The gray areas on the charts are the trading time zones.

I have marked in the below screen shot what the EA logic is looking for in a Long trade. A short trade would be the reverse.

Here is what the Dash Board looks like at this time with the 4 open trades still running. You will notice the DB shows 5, that is because one trade got a busy signal from the Broker so it did not go through. Its the EURUSD one. AUDUSD is still down but looks like it is comming back now.

EA just kicked off trades on H1, see screenshot

lets see if this little sucker can make some profits

.

The 4 trades taken by the EA are still active and the EA hasn't closed them yet as seen below. I may close them before the next London session to see what kicks off tonight.

So far I am happy with the EA's entries, but only time will tell.

This morning the ea took 3 trades on the 1hr tf. One of the trades I did not like so I shut the ea off and closed one of the trades and then removed the ea from that pair so that the ea would not keep opening losing trades. The other 2 trades went into profit but I ended them with a profit. I have had a busy couple of days at work so have not been trading much with this ea. At night I have been reading all about code. lol you just don't read a pdf one night and then code a EA the next night.

Seller9 I think you might be on to something with this ea. That dash board you have made, wow what a nice feature. If this ea is going to work I think you have the back ground to make it happen. For a guy just starting out in learning code could you be so kind as to give me some advice or direction to a place or person that teaches code.

Thank you

can you share your dash board?

Google and cut and paste, see what others are doing.

In a week or two when I feel all the bugs are out.

Here are 2 trades from early this morning, the first was a demo trade and the second a live account trade. I just set the EA on 9 pair on each account and went to bed. The EA was set to use the ATR to set the TP points for these trades, it just happened they were both the same, 47 pips Take Profit. When I just set and let the EA run I don't try to get greedy. If the EA opens a trade and I happen to be around I may increase the TP if I see a nice trend happening. When I am not around to watch I am happy with fewer pips but nice consistency of wins. After more testing I may let the EA run until the TDI reverses or goes flat and see what the profit is compared to the first method. But for now I will just try to grab a few pips here and there.
Two other trades were also triggered on my live account but the EA got a Broker busy signal so the trades didn't go through.

The TDI looks a little strange as to when the cross over happened for these trades but I think that is because it had redrawn as I took these screen shots after the fact.

The EA opened 4 trades this morning, 2 hit the TP and the other 2 I closed as they were in profit and it was at the end of my trade window. I like to close things down for the day at 12 EST if they are in any profit and then get ready for the next London session.
The EA was set running on 9 pair last evening and I then went to bed and let it do its thing and I didn't check on it untill 12 EST when I closed the open trades and reset the Robot for the next London session. I may not get all the pips possible, but a nice even positive pip count works for me.
Don't get greedy.

USDCHF = Sell Entry = 0.84640 Exit = 0.84310
GBPUSD = Buy Entry = 1.61590 Exit = 1.62080
EURJPY = Buy Entry = 114.453 Exit = 114.730
USDJPY = Buy Entry = 80.216 Exit = 80.219









I got a busy signal from the Broker on 2 others so will need to make some changes to the EA to see if it will retry after getting a busy signal.

Seller9:

You seem to have this EA humming along. I would appreciate a little guidance. I have put the EA on an OANDA demo account. lot size .01 on USDCHF, GBPUSD, and AUDUSD. The EA has been turned on since the opening at 5 pm EST yesterday - with no trades. In re-reading the thread I noticed that the setting for the "criminals ECN" can make a difference. My settings were set to false, which I think was default. Just a few miutes ago I set the criminals ECN to "true".

I read the original thread with regard to preferred times and see that you are workign the london session as well. I am currently running 24/5 to see how the EA behaves. After I get it to trade some, then I will restrict it to London times.

I realize that you made coding changes (which I look forward to seeing!). did you make any other changes to the base EA settings ?

Thanks for any guidance you can provide.

PS" That dashboard is great.