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Trading Made Simple EA by Guess Whom

  • #461
  • Jul 27, 2011 5:37am Jul 27, 2011 5:37am
A trade just executed on V8 (default settings).
  • #462
  • Jul 27, 2011 5:39am Jul 27, 2011 5:39am
A trade just executed by V8 (default settings).
Attached Image (click to enlarge)
Click to Enlarge Name: 07-27 GBPUSD.jpg Size: 139 KB
  • #463
  • Jul 27, 2011 5:49am Jul 27, 2011 5:49am
Hi All

Thanks Seller9 for this EA.

I have been testing this for a couple of weeks but seem to be getting more losers than winners. I have counter trend set to no does anyone have a set file of what the best settings should be ?

Thanks
  • #464
  • Jul 27, 2011 6:01am Jul 27, 2011 6:01am
Hi All - will this ea work on alpari or is it just FXDD? as I am struggling to install V8 it just changes to an image - thanks for any help you can give ta.
Sleeping boys catch no fish
  • #465
  • Jul 27, 2011 6:46am Jul 27, 2011 6:46am
Quoting dpeters
Hi All

Thanks Seller9 for this EA.

I have been testing this for a couple of weeks but seem to be getting more losers than winners. I have counter trend set to no does anyone have a set file of what the best settings should be ?

Thanks
Best to ask yourself why they these trades are failing, I found that early on my SL was too tight. Try increasing the factal offset to 20 or setting a standard SL e.g. 100. Are winners turning into losers? try turning move the SL to BE on or setting up a trailing SL.

Also which version are you using (v8 is recommended) - more detail would help.
  • #466
  • Jul 27, 2011 7:15am Jul 27, 2011 7:15am
I am getting a trade or 2 per day. As long as I don't restart the ea until the next candle they usually close out in profit. I have the setting to use tdi cross for close. I also have a jumping stop loss after breakeven plus ten. So when I'm ten pips up the stop loss is moved to breakeven plus 3 and the jumping stop moves every 3 pips. So far this has worked pretty good.
  • #467
  • Jul 27, 2011 7:34am Jul 27, 2011 7:34am
Quoting live2wrshp
I am getting a trade or 2 per day. As long as I don't restart the ea until the next candle they usually close out in profit. I have the setting to use tdi cross for close. I also have a jumping stop loss after breakeven plus ten. So when I'm ten pips up the stop loss is moved to breakeven plus 3 and the jumping stop moves every 3 pips. So far this has worked pretty good.
Do you know where I could find some documentation about how to set the jumping stop ? Or if you are kind enough to explain them ?
appreciate your help !
  • #468
  • Jul 27, 2011 7:51am Jul 27, 2011 7:51am
Quoting 2scoops
Best to ask yourself why they these trades are failing, I found that early on my SL was too tight. Try increasing the factal offset to 20 or setting a standard SL e.g. 100. Are winners turning into losers? try turning move the SL to BE on or setting up a trailing SL.

Also which version are you using (v8 is recommended) - more detail would help.
Thanks 2scoops, I have the settings as default with countertrend=false. I am getting stopped out when price retraces slightly so my stop must be too close. I have set all stop loss setting to 0 which I believe will place my stop at the top/bottom of the candle 2 prior to the entry candle.

Would be great is at some point someone could post an explanation of all the parameters and what they affect they have, I have looked through the thread but can't find anything. A user guide would be useful.

This looks like a great ea, just need to get the setting right
  • #469
  • Edited 8:29am Jul 27, 2011 8:17am | Edited 8:29am
Quoting kwchau
Do you know where I could find some documentation about how to set the jumping stop ? Or if you are kind enough to explain them ?
appreciate your help !
Kwchau,

attached is an EA that can perfom those function you require, just that is an EA and not sure if you can have two EA on the same pair at the same time. Check it out and all details about it is also attached and the thread where I got from are all included.

I will still like to see how live2wrshp does his and what settings he uses. Kw... I just noted that you may already have this tool from the same thread it came from so lets see if live2wrshp's is better.

Thanks

Just my two Cents.
Attached File(s)
File Type: ex4 Quik_Trailing.ex4   19 KB | 466 downloads
File Type: txt Quick-trailing-Details..txt   3 KB | 1,025 downloads
Born to rule my Economic World and Make a Difference!
  • #470
  • Jul 27, 2011 9:14am Jul 27, 2011 9:14am
Quoting sharemaster2
Kwchau,

attached is an EA that can perfom those function you require, just that is an EA and not sure if you can have two EA on the same pair at the same time. Check it out and all details about it is also attached and the thread where I got from are all included.

I will still like to see how live2wrshp does his and what settings he uses. Kw... I just noted that you may already have this tool from the same thread it came from so lets see if live2wrshp's is better.

Thanks

Just my two Cents.
Thanks sharemaster. I did have this tool but MT4 only accept one EA in one chart. Also quik trailing does not have so called "jumping stop loss" which is something I don't fully understand.
thanks
  • #471
  • Jul 27, 2011 9:22am Jul 27, 2011 9:22am
Quoting dpeters
Thanks 2scoops, I have the settings as default with countertrend=false. I am getting stopped out when price retraces slightly so my stop must be too close. I have set all stop loss setting to 0 which I believe will place my stop at the top/bottom of the candle 2 prior to the entry candle.

Would be great is at some point someone could post an explanation of all the parameters and what they affect they have, I have looked through the thread but can't find anything. A user guide would be useful.

This looks like a great ea, just need to get the...

Also try increasing the slope setting from 4.0 to 4.5
  • #472
  • Jul 27, 2011 10:03am Jul 27, 2011 10:03am
Quoting sharemaster2
Kwchau,

attached is an EA that can perfom those function you require, just that is an EA and not sure if you can have two EA on the same pair at the same time. Check it out and all details about it is also attached and the thread where I got from are all included.

I will still like to see how live2wrshp does his and what settings he uses. Kw... I just noted that you may already have this tool from the same thread it came from so lets see if live2wrshp's is better.

Thanks

Just my two Cents.
There is a JSL function built into the TMS EA. The explanation was posted a few pages back. The JSL is from Steve Hopwoods MultiPurpose Trade Manager.

Set the JSL to true. I also set mine to JSL after Break even plus 3. Otherwise, it seemed to me that I was getting stopped out rather quickly.

I have the BreakEven set to 25 pips. Then, the JSL will move 3 pips as the PA moves.

Hope that helps.
  • #473
  • Jul 27, 2011 10:14am Jul 27, 2011 10:14am
Quoting kwchau
Do you know where I could find some documentation about how to set the jumping stop ? Or if you are kind enough to explain them ?
appreciate your help !
Well I don't know that I'm qualified to give you the best explanation as I just started using it myself.

The way I have it set is this

Breakeven=true
Breakevenpips=10
JumpingStop=true
JumpingStoppips=5
AddBEP=true
JumpAfterBreakEvenOnly=true


That is my settings regarding the breakeven and jumping stop

The way I understand it is when I am up 10 pips a stop is placed at breakeven plus 3 pips. Then every 5 pip move the jumping stop jumps up 5 pips with it. It has been pretty good so far but it has cost me some fairly nice moves if I would have given it a bit more room to breathe. Hope that helps.

Good Luck
  • #474
  • Jul 27, 2011 10:49am Jul 27, 2011 10:49am
Sold E/J hit jumping stop for 8 pips
Sold N/U hit jumping stop for 13 pips
Bought U/J hit TP for 20 Pips

I am using version 8 btw. Also the only negative trades in the last couple of days have come from me restarting the EA before the next 4 hr candle. The EA issued a duplicate order because conditions were still right for my settings. I think we are on to something with this EA. I will be more confident after about a month of testing but this is great so far.
  • #475
  • Jul 27, 2011 10:56am Jul 27, 2011 10:56am
Quoting live2wrshp
Well I don't know that I'm qualified to give you the best explanation as I just started using it myself.

The way I have it set is this

Breakeven=true
Breakevenpips=10
JumpingStop=true
JumpingStoppips=5
AddBEP=true
JumpAfterBreakEvenOnly=true


That is my settings regarding the breakeven and jumping stop

The way I understand it is when I am up 10 pips a stop is placed at breakeven plus 3 pips. Then every 5 pip move the jumping stop jumps up 5 pips with it. It has been pretty good so far but it has cost me some fairly nice moves...
Thank you, live2wrshp.
Do you have any idea about PipsAwayFromVisaulJS and PipsAwayFromVisaulBE ?
  • #476
  • Jul 27, 2011 11:06am Jul 27, 2011 11:06am
Quoting kwchau
Thank you, live2wrshp.
Do you have any idea about PipsAwayFromVisaulJS and PipsAwayFromVisaulBE ?

PipsAwayFromVisualBE=5
PipsAwayFromVisaulJS=10

That's what my settings are anyway.
  • #477
  • Jul 27, 2011 11:12am Jul 27, 2011 11:12am
Ok two trades so far today with V8 (counter trading off)

EURNZD -60 pips (was a good entry but it set the SL too tight, it only just took out my SL by a pip!). The trade would have been +90 with a slightly looser SL.

EURCAD +10 - would be about 40 pips up now but my BE was set too tight 25 + 10.

So lesson is set your SL's loose, this EA is picking out good entries - let them breathe. Let the close on cross setting manage the exit.
  • #478
  • Jul 27, 2011 1:33pm Jul 27, 2011 1:33pm
I am starting to test version 10, I have done a lot of rework of the Logic for TDI to get it more stable and so far everything seems to be acting as it should. I did find a few errors in Version 9 that were probably causing some problems. Below is a screen shot of what I am watching with Version 10 to see if everything is giving the correct results. I think we are real close to getting a good working EA, and with all your great help we should be able to make it happen.
Hopefully everyone can get the hang of the EA from reading the forum posts, I don't have a lot of time right now to put together a good working manual on how to use all the settings.
Fore now stick to the Version 8 EA, as that seems the most stable, Version 10 should be out some time next week. At this time I haven't redone the DB to work with Version 10 yet so I just jump from chart to chart to see what is going on.
I have also put into the EA a line of code that will capture the screen at the time the trade is placed so I can see exactly what all the alerts were at that moment in time for trouble shooting. If you like I can leave it in and just add a setting to turn it on or off. It saves a .gif file into the files folder.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_v10_test.jpg Size: 155 KB
  • #479
  • Jul 27, 2011 2:51pm Jul 27, 2011 2:51pm
capturing the screen shot at the time of alert / trade would be outstanding!
  • #480
  • Jul 27, 2011 3:26pm Jul 27, 2011 3:26pm
I agree, having a screen shot at alert time would be outstanding..
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