Trading Made Simple EA by Guess Whom

For those that have found settings that work, it would be nice if you could post your set file. You may need to change the extension to ".tx" rather than ".set" to post it and then when someone downloads it they just need to change it back to a ".set" extension and place it in the presets folder under the experts folder. Be sure to name it and save it first for it to appear in the presets folder.

Open the propetertise of the EA and click on "Save"


Type a name in the window for what you want to call it and click "Save".


It should then appear in the presets folder under your experts folder.

Well,just like i said earlier,i don't have preset or set in my MT4 folder.
after saving in the EA,i can't see it in the MT4 program file.
I hope the attachments explains better.
I will still continue to try and if there is any suggestion feel free to post.

thanks.

Thanks.

If you are running windows 7 you may need to right click the MT4 icon when starting and select Run as Administrator. Windows 7 doesn't like you to save or change things in the Programs file folder.

I usually install MT4 platform under another folder that is not under the Program files folder to get around this.

i ran it as administrator and it messed up everything.
it erased all the former settings and showed as a new install.
but now after loading the EA it doesn't show as before,it just load the EA but no tdi and stoc.

I did a bit of research on the stop loss section of the settings. Following a cut and paste of text from Steve Hopwoods manual on the Multi-purpose Trade Manager. This appears to be the code that Steve used when he wrote the first version of TMS. I have also attached the complete PDF for anyone who is interested.

T

Stop Loss Manipulation

1)

Break even settings: set a break even stop loss after the price reaches the setting
in BreakEvenPips. You can use this in conjunction with the Part-closure routine
(details later), as well as a stand-alone routine.

●

BreakEven: set to true to enable this facility.

●

BreakEvenPips: the number of pips you want the market to move in your favour
before setting the stop loss to the order entry price, ensuring the trade cannot
turn into a loss.

●

BreakEvenProfit: will add this to the stop loss to a buy order, subtract it for a sell
order. My default of 2 pips means the sl is set to break even + 2, ensuring a
minimum of 2 pips profit. Set it to 0 if you do not want this feature.
2) Jumping stop loss settings: this will jump the stop loss by JumpingStopPips when
the price moves in your favour by that number of pips. Many traders consider this to
be a better option than a straight trailing stop. The first time this option is triggered
by the market price, it will set the stop loss to break even. After that, it will increment
the sl by JumpingStopPips every time the market moves sufficiently in your favour.
This routine incorporates settings to part-close a percentage of the profits every
time the sl jumps.

●

JumpingStop: set to true to enable this facility.

●

JumpingStopPips: the number of pips to jump. For example, my default of 300
works like this:

•

Market price hits order open price + 300: moves sl to break even.

•

Market price hits order open price + 600: moves sl to + 300.

•

Market price hits order open price + 900: moves sl to + 600.

●

AddBEP: adds BreakEvenPips to the break even if set to 'true'.

●

JumpAfterBreakevenOnly: use this in cooperation with BreakEvenSettings to
manage longer-term or positional trades. If set to 'true', this will force
JumpingStop to wait until the sl has been moved to breakeven before operating.

●

HideJumpingStop: this hides your 'real' jumping stop from the broker when set
to true.

●

PipsAwayFromVisualJS: the number of pips away from the stop shown in the
trade you want your real stop. For example, you want a real stop loss of 200
pips and an emergency trade stop of 400, so you set:

•

JumpingStopPips = 400.

•

PipsAwayFromVisualJS = 200.

●

---- part-close settings----

●

PartCloseEnabled: set this to 'true' to enable the routine.

●

Close_Lots: this is the amount of the trade you wish to close at each jump.

●

Preserve_Lots: this is the amount you want to leave 'on the table'. The ea will
only close down the amount of the trade you specify in Close_Lots if there is
more than this setting left to close.
For example, suppose you have a 1 lot trade. You want:

●

The jumping stop to move the sl every 20 pips profit.

●

Lock in 2 pips profit at the first jump.

●

0.2 lots of the trade closed at each jump.

●

0.4 lots of the trade left on the table to follow the move until tp or a retrace hits your
stop.
These would be your settings:

●

JumpingStop: true

●

JumpingStopPips: 20

●

AddBEP: true (and set AddBEP to 2 a little higher up)

●

JumpAfterBreakevenOnly: false

●

PartCloseEnabled: true

●

Close_Lots: 0.2

●

Preserve_Lots: 0.4

3) Trailing stop loss settings:

works like the conventional trailing stop you can enter
into the MT4 platform. Set TrailingStop to 'true' to use this facility, then enter the trail
distance into TrailingStopPips.

●

TrailAfterBreakevenOnly: set this to 'true' to tell to EA to start trailing only after
breakeven. Use this in conjunction with BreakEven.

●

HideTrailingStop: this hides your 'real' trailing stop from the broker when set to
true.

●

PipsAwayFromVisualTS: the number of pips away from the stop shown in the
trade you want your real stop. For example, you want a real stop loss of 200
pips and an emergency trade stop of 400, so you set:

•

TrailingStopPips = 400.

•

PipsAwayFromVisualTS = 200.

4) Instant trailing stop loss settings:

this will start moving the stop loss as soon as
the market moves in your favour. It will set a sl at InstantTrailingStopPips if there is
not one already in place, otherwise it will act on the existing sl. I cannot imagine a
use for this, and wrote it only to satisfy myself that I can.

●

InstantTrailingStop: set this to 'true' to use this feature.

●

InstantTrailingStopPips: the number of pips to trail.

●

StopInstantTrailAfterBreakEven: set to 'true' to disable this feature as soon as

the trade has achieved breakeven.

With same setting as before, here were the trades

Total trade closed : 9 (one brought over from last week)
profitable trades : 7
net loss : -22 pips

If last week opened trade was excluded, the result is much better +96 pips.

So I guess we should close all trades for the week end.

i tried this EA out and so did a friend of mine and we recently discontinued it as it had some bug problem. i recommend that you don't copy/paste this into the EA as it could/will interfere with this EA that we are already working on. combining the two will cause more harm than good. just IMO and experience.

[quote=Tpc23;4789958]I did a bit of research on the stop loss section of the settings. Following a cut and paste of text from Steve Hopwoods manual on the Multi-purpose Trade Manager. This appears to be the code that Steve used when he wrote the first version of TMS. I have also attached the complete PDF for anyone who is interested.

Thanks for taking the time to do this, I have not used some of Steve's management settings yet as I have not had time to look thme over, but this should help me to understand what the settings should be.

Thanks

Here is the Dash Board and everything needed I hope to help you get it running. I have also included TMS_V8 which has a few minor code correction changes. In the zip file is the latest EA version 8, a template to help the new trader get it up and runnign faster, the needed indicators and a PDF that tries to explain how to get it up and running, read it twice before asking any questions.

This should help you monitor many PAIRS without having to run through all the charts to see what is going on.

Tried to put all in one zip file but upload kept failing, maybe to large, so I separated them out.











Good Luck

You guys are amazing. Thanks for your generosity and hard work on this. Outstanding!!

does it work on all pait?

After trying the open as administrator yesterday,and got my chart messed up.I believe this V8 came at the right time for me..
By the way it worked( i can now see the preset folder in my MT4 program file.
Thanks for your hard-work and dedication.

Rgds.

Morning all - just notice my 4hr candles are closing/opening at different times. I.e its nearly mid day here in London, but my next 4hr candle on this ea opens in 195mins. Can I change the time on the charts, or just trade as per chart. TIA wm

I loaded V7 on a few charts for a bit of fun last night (demo) with default settings (with the exception of turning off counter trend trading). It picked up the AUD/USD move from last night, but exited with a TP at about 23 pips in profit. If it had held on it would be about 100 pips up at the moment. What TP or Trailing SL are you guys using on this, did anyone else catch this move?

Good Morning all,

Traded AUSUSD H4 manually as per original instructions, placed trade around 10pm PST and woke up at about 5:50am to take 60 pips - see picture attached.

Many thanks seller9 for all your efforts and sharing, is there a setting that will follow the original method e.g. start only at 10pm PST, check at 2am PST, close at 6am PST.

I have been demoing for 2 days and I am amazed by its accuracy.

Cheers.

Surge:

The information that I uploaded is not code. This is the explanation of the Jumping Stop Loss code that is already in the EA. Nothing to add from my post. Just read through it and determine for yourself if you want to change the settings on the EA.

T

Just when I get V7 loaded on all my pairs, Seller9 post up V8 !! I can't keep up. Thanks for the good work Seller9.

FYI:

I did fiddle with BreakEven and Jumping Stop Loss settings last evening. I did notice the JSL move a SL and close an order for a small profit. Using my previous settings, the PA would have continued away from my order, all the way to the initial SL setting and would have settled at a loss.

I realized that I have both the ATR SL set as well as the LastFractal SL set to true. I will turn off one of them and report back later.

Yesterday, prior to changing the BE and JSL settings, I had 5 orders open with 3 closed for a profit and 2 closed at a loss for a net of +27.2 pips.

T

You can set the morning and evening hours in the properties of the EA if this is what your looking to do. The times are based on your computer time.

Hi seller9,

Many thanks again, I shall try it tonight and report.

I do some coding as well, if you need any help, please let me know.

Good Trading all!

Your gentle behavoure is outstanding.

Have my best wishes.

Y.