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Trading Made Simple EA by Guess Whom

  • #101
  • Jun 24, 2011 8:48am Jun 24, 2011 8:48am
This is the same trade I posted earlier, and it was the only one the EA has taken since I posted it. I was using an ATR of 50% for the TP on this one and it was hit and closed out for a profit all by itself. The present triggers I am using are shown on the right side of the chart below. I did remove the TDI Daily as a required trigger, changed the M15 Cross to a M5 Cross, and added the Slope as 4.0 or greater. So will see what happens.
Instead of closing on the ATR I can also use TDI flat or crossing in opposite direction. But for now I am just trying to find settings where I can leave the EA run unattended and if I see it in a trade I can always change the TP or SL for more gain if it looks like a runner. All the other choices are still available as in the original EA, but I haven't played with any of those yet. At present I am running the EA 24 hours on the H4 just to see how it works, looking back it seems there were some good trades that were missed if trading only the London session. I do shut down Friday by Noon EST, as I don't like to leave trades over the weekend.

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy3.jpg Size: 146 KB
  • #102
  • Jun 24, 2011 10:21am Jun 24, 2011 10:21am
Quoting seller9
This is the same trade I posted earlier, and it was the only one the EA has taken since I posted it. I was using an ATR of 50% for the TP on this one and it was hit and closed out for a profit all by itself. The present triggers I am using are shown on the right side of the chart below. I did remove the TDI Daily as a required trigger, changed the M15 Cross to a M5 Cross, and added the Slope as 4.0 or greater. So will see what happens.
Instead of closing on the ATR I can also use TDI flat or crossing in opposite direction. But for now I am just...
Alright,nice work.
we shall be waiting and watching.we hope it will come out fine at the end.
have a great weekend.

thanks.
It Is Well With My Soul..(Amen)
  • #103
  • Jun 25, 2011 8:11am Jun 25, 2011 8:11am
What indicators need to be on the screen to make the robot work correctly? Also on your version three of the robot, are there any changes i need to make to the settings when I open it up? I read someone had to change the ECN criminal to true for the robot to start trading.
  • #104
  • Jun 25, 2011 8:38am Jun 25, 2011 8:38am
Quoting live2wrshp
What indicators need to be on the screen to make the robot work correctly? Also on your version three of the robot, are there any changes i need to make to the settings when I open it up? I read someone had to change the ECN criminal to true for the robot to start trading.
You don't need any indicators on the screen and you set ECN to true if your Broker requires the order and the StopLoss to be sent in two sends.
  • #105
  • Jun 25, 2011 7:09pm Jun 25, 2011 7:09pm
OK, give this test run and see what happens. I have not included the Dash Board yet, but will as soon as we get to where we want this EA to be. All the same alerts are on the screen as would be on the DB. Please read the enclosed PDF as it tells what I think should answer most of your questions. Try it with the default settings first to get the idea of what it is doing. The default settings are closer to a scalp than a real long term H4 trade.

Good Luck and Please keep us all informed so we can tweak it to its best and we all can learn.

Attached File(s)
File Type: zip TMS_V2.zip   390 KB | 1,844 downloads
  • #106
  • Jun 26, 2011 6:56am Jun 26, 2011 6:56am
Quoting LionT
In pdf you write about TMS_V4 ....
"Put the TMS_V4.ex4 expert in the experts folder..."
but the zip file includes only V2.
Where is error please?

Misprint, should be V2
  • #107
  • Jun 26, 2011 6:23pm Jun 26, 2011 6:23pm
Ok If I do not have the TP or SL as true, which is how the default settings are. What does the robot use to determine its Exit?
  • #108
  • Jun 26, 2011 7:08pm Jun 26, 2011 7:08pm
Quoting seller9
You don't need any indicators on the screen and you set ECN to true if your Broker requires the order and the StopLoss to be sent in two sends.
Ok on my MT4 platform, when I enter a market order, I cannot set a stop loss. I can only set a stop loss up front if its a limit order. So would that mean I need to set the ECN criminals to true?
  • #109
  • Jun 26, 2011 7:13pm Jun 26, 2011 7:13pm
IF understood the manual correctly, if the TP and SL settings are set to "true", then the system uses pips amount that is listed in the settings file. If they are set to false, then the system uses the Average True Range multiplied by the multiplier, as listed in the settings. In the screeen capture below, the settings are false so the TP is the ATR * the TPmultiplier, or in my example ATR*50.
Attached Image
  • #110
  • Jun 26, 2011 7:28pm Jun 26, 2011 7:28pm
Quoting Tpc23
IF understood the manual correctly, if the TP and SL settings are set to "true", then the system uses pips amount that is listed in the settings file. If they are set to false, then the system uses the Average True Range multiplied by the multiplier, as listed in the settings. In the screeen capture below, the settings are false so the TP is the ATR * the TPmultiplier, or in my example ATR*50.
Ok I've never used the Average True Range so I'm not sure how that works. But thanks for the answer.
  • #111
  • Jun 26, 2011 8:00pm Jun 26, 2011 8:00pm
Quoting Tpc23
IF understood the manual correctly, if the TP and SL settings are set to "true", then the system uses pips amount that is listed in the settings file. If they are set to false, then the system uses the Average True Range multiplied by the multiplier, as listed in the settings. In the screeen capture below, the settings are false so the TP is the ATR * the TPmultiplier, or in my example ATR*50.
That is correct. Remember the multiplyer is a percentage, so in this case it would 50% of the true range or 1/2 of the range.

Thanks for the explanation.
  • #112
  • Jun 26, 2011 8:08pm Jun 26, 2011 8:08pm
I see 113 traders have downloaded the EA, 113 heads is better than one. So if we all put our heads together we should be able to make this work. So please post any ideas or suggestions to improve it. For now we will work with just the H4 as it is hard coded for. Remember, even though it is calculating on the H4 it is entering on the cross of the M5 also. So say if you were to leave the TradeOnce set to false it is possible it could make a bunch of short scalp trades if you have the TP set to a low value, within the 2 candle 8 hour time frame. This may be something to try just to see what happens. Of course you would want a small spread.
I am going to let mine run 24 hours to see what happens.
  • #113
  • Jun 26, 2011 8:30pm Jun 26, 2011 8:30pm
Hello Everyone,

I trade TMS manually and must say that it looks like this EA is heading in the right direction. I have it on demo now, will see what happens. Used it on strategy tester this weekend and had my TP set to 20. It hit almost everytime. Good work Seller9 and Everyone else.


Thanks,

Dan
  • #114
  • Jun 26, 2011 8:36pm Jun 26, 2011 8:36pm
Sorry Traders, found a bug, H4 cross alert was not working on second candle, have fixed it.

Attached File(s)
File Type: ex4 TMS_V3.ex4   60 KB | 1,047 downloads
  • #115
  • Jun 26, 2011 8:48pm Jun 26, 2011 8:48pm
Here is an example of everything saying go long accept for the D1 trend, the slope, and the M5 cross. Will be interesting to watch and see if the EA was right. This also could be a short counter trend trade.

This is the trade where I found the TDI cross on the second candle alert wasn't working and corrected it in version 3.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.jpg Size: 134 KB
  • #116
  • Jun 26, 2011 10:15pm Jun 26, 2011 10:15pm
The EA on my screen says outside hours? do I need to change something?
  • #117
  • Jun 26, 2011 10:21pm Jun 26, 2011 10:21pm
Quoting live2wrshp
The EA on my screen says outside hours? do I need to change something?
For 24 hour trading set hours to
0 and 12
12 and 24

for the two settings.
  • #118
  • Jun 26, 2011 10:33pm Jun 26, 2011 10:33pm
So based on these settings when all of the indicators are in alignment it will take the trade, Correct? And then I will be able to manual close it if I want or just let the system choose its own exit based on a TP or SL or the ATR?
  • #119
  • Jun 26, 2011 11:02pm Jun 26, 2011 11:02pm
Here is a trade that should be taken but for some reason it hasn't taken it. Can you tell me what I need to change for it to take the trade?
Attached Image (click to enlarge)
Click to Enlarge Name: Not taking the trade.JPG Size: 96 KB
  • #120
  • Jun 26, 2011 11:56pm Jun 26, 2011 11:56pm
TMA D1 trend is down ... RED
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