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Trading Made Simple EA by Guess Whom

  • #501
  • Jul 28, 2011 9:46pm Jul 28, 2011 9:46pm
Quoting 2scoops
What SL are you using Pippete? are you concerned with R & R, I guess not with that win ratio ! lol - might give it a go myself.
That's exactly what I need to work on. These results are somewhat skewed, as I use the last fractal as SL. Sometimes that is a huge amt, so 1 loss can wipe away 3 wins. Like the EURJPY trade I have running now is deep in the negative as the SL is 70p...
I have to try to let them run longer than 20 pips for a better R:R ratio, or use smaller SL for the countertrend trades.
I just started another demo acct for strictly trending trades, we'll see..
Peace,
Pete
  • #502
  • Edited 10:59pm Jul 28, 2011 10:19pm | Edited 10:59pm
Pippete you are correct, I have this trade this morning and a sudden U turn the PA hits the SL at the last fractal giving a huge loss.

Probably a suggession for Seller9, instead of last Factral, can there be another option to set the SL x-pips away from the Top or Bottom horizontal value of the 5MA. (In this example the bottom). So in case of a sudden reversal the losses is not that big.
Attached Image (click to enlarge)
Click to Enlarge Name: 07-29 GBPJPY-L.jpg Size: 194 KB
  • #503
  • Jul 28, 2011 11:43pm Jul 28, 2011 11:43pm
TF 4hr

pair usd/cad (-37.9)and gbp/jpy (-80)

settings default
tdicross on-true
slope-4.0
last factural sl-true
countertrend-true

i have adjusted setting more to my liking, hopefully i will have additional trades tonight.
Did you know the profiteers like their money green?
  • #504
  • Edited 4:17am Jul 29, 2011 12:05am | Edited 4:17am
I am relativly new to trading, but i have been running on various demo accounts for approx 3 months, loosing and making, I read various posts on this site and been using one with a Stochastic Oscillator at 8.3.3. and also an RSI at 3, this is helping me a great deal.

Recently i read about TDI, on posts on this site and i have been trying to install it, but without fail, i have tried everything, maybe i am not used to using the MT4 platform correctly.

can anyone please give me any advise on this issue. thanks, Tony
  • #505
  • Jul 29, 2011 5:07am Jul 29, 2011 5:07am
Quoting tonynulty
I am relativly new to trading, but i have been running on various demo accounts for approx 3 months, loosing and making, I read various posts on this site and been using one with a Stochastic Oscillator at 8.3.3. and also an RSI at 3, this is helping me a great deal.

Recently i read about TDI, on posts on this site and i have been trying to install it, but without fail, i have tried everything, maybe i am not used to using the MT4 platform correctly.

can anyone please give me any advise on this issue. thanks, Tony
I have updated the installation manual for the EA as well as the DB.

This manual is written for V9 onwards. However we are currently using V8, so you install V8 accordingly and make sure you have everything in Part 1.
Attached File(s)
File Type: doc TMS EA DB Full Installation.doc   1,013 KB | 894 downloads
  • #506
  • Jul 29, 2011 5:59am Jul 29, 2011 5:59am
Cheers, thanks a lot, will try later, Tony
  • #507
  • Jul 29, 2011 6:54am Jul 29, 2011 6:54am
How do we prevent EA from trading in this condition!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 07-29 USDCHF L.jpg Size: 109 KB
  • #508
  • Jul 29, 2011 9:35am Jul 29, 2011 9:35am
Quoting Star178
How do we prevent EA from trading in this condition!!!
First thank you for your efforts you did, and, off course - SELLER9 - the great.

about your question I think that the STOCH triger should be changed to:

[Stoch (n=-1) - Stoch(n=0)] >= 3, since at the showed USDCHF the difference of the stoch was almost flat (about 0.1...)

Y.
  • #509
  • Jul 29, 2011 9:37am Jul 29, 2011 9:37am
Quoting Star178
How do we prevent EA from trading in this condition!!!
I see this was a Counter Trend Trade going against the Daily Trend.

1) Daily Trend is down
2) Daily TDI is down
3) Weekly TDI is down

In version 10 there will be 3 TDI confirmation choices so you could add the Daily or Weekly TDI for confirmation. One PM I got suggested using the Weekly TDI and trade in that direction, take a look and see what you think.

If someone has an idea that can be put into logical terms I could add it to the EA.

Here is the Daily trend.

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_trend.jpg Size: 83 KB


I am stuck in this one right now that was a counter trend trade that is going no where. It will probably get stopped out as it looks like the TDI is going to reverse cross.
I think I am going to just set these counter trend trades for a 10 pip TP and see how that goes. The RR is not to good at times but when I used the 10 pip setting before I seemed to have good luck.

Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 42 KB
  • #510
  • Jul 29, 2011 9:50am Jul 29, 2011 9:50am
Quoting crossy
First thank you for your efforts you did, and, off course - SELLER9 - the great.

about your question I think that the STOCH triger should be changed to:

[Stoch (n=-1) - Stoch(n=0)] >= 3, since at the showed USDCHF the difference of the stoch was almost flat (about 0.1...)

Y.
Thats an idea we can look into and maybe add to filter a few more. Below is a screen shot of the trade I mentioned above that was a counter trend trade that is going no where. Everything looked good, even the Stochastics in this one. I am going against the daily trend and also against the Weekly TDI(10080), which I have not selected to use(shown grayed out). Maybe just use counter trend trades as "Scalp" trades and get in and out quickly by setting your TP pips to may 5 - 10 or so, not good RR in most cases but most of the time you can get that. I am going to set up one of my demo acount just for counter trend trading and set it at TP = 10 and get out on revearse cross and use last fractal as SL and see what happens next week.

Note: While I was typing this trade close with a TDI revearsal.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP7-29---6-58.jpg Size: 154 KB
  • #511
  • Jul 29, 2011 10:02am Jul 29, 2011 10:02am
Quoting Star178
I came across this text, you can try it out.
Yes, this is what I was looking for, thanks for finding it.
Will give it a try and if it works it will be added to version 10.
Just started testing V10 so should test another week before releasing it. So far it seems stable, only one counter trend trade so far, but only been running it one day and this market is no good right now.
  • #512
  • Jul 29, 2011 10:10am Jul 29, 2011 10:10am
Quoting live2wrshp
Me too Same issue
I have added some code to see if that can be corrected. I have had the same issue when more than one trade tries to open at the same time. I need more trades to take place so I can see if it works or not and so far trading has been not so good. I need to make sure it doesn't take multiple trades when getting the busy signal.
Should know next week after more testing, it would be part of V10.

One other thing I have added to V10 is an "Alert Mode" only, so you can use it as an alert and not have it take any trades. Everything will work the same accept it will not take any trades while in the Alert Mode. This way you could look over a possible trade before entering it.
  • #513
  • Edited 10:53am Jul 29, 2011 10:24am | Edited 10:53am
Will be testing V10 next week yet on three accounts with three different setups to see how it goes, here is what is different in V10.

Things added:
1) Choice of Daily Trend to use for direction conformation, TMA or 2/8.
2) Trading Mode or Alert Mode
3) You will now have 3 different TDI confitmation time periods you can select, either with TDI Cross or just Green above or below Red. You will be able to turn each one on or off independently, so you can use "None, 1, 2, or 3", your choice.
4) I have added an 'Information" box to the configuration menu that you can put info into that will appear in the header of the DB.
5) Haven't tested yet but am adding the Broker Name to the DB Header, this will appear after the "TMS EA DB V10" and before any info added in the configuration information box.
6) Testing code to resend order if you get a Broker Busy signal.
7) Screen capture of chart at time of alert or Trade.

Possible Adds, what do you think, should these be added? :
Or, others for future versions.

1) Change Stochastics to filter better as suggested by trader in previous post.
2) Add SL to include setting to use Sma5 +- pips for Stop Loss as suggested by trader in previous post.
  • #514
  • Jul 29, 2011 10:30am Jul 29, 2011 10:30am
Quoting Star178
I have updated the installation manual for the EA as well as the DB.

This manual is written for V9 onwards. However we are currently using V8, so you install V8 accordingly and make sure you have everything in Part 1.
Very Nice

Thanks for the help
  • #515
  • Jul 29, 2011 10:31am Jul 29, 2011 10:31am
Quoting seller9
Possible Adds, what do you think, should these be added? :
Or, others for future versions.
The snapshot of the alert or trade, as you mentioned a few pages ago.

T
  • #516
  • Jul 29, 2011 10:35am Jul 29, 2011 10:35am
Quoting seller9
Will be testing V10 next week yet on three accounts with three different setups to see how it goes, here is what is different in V10.

Things added:
1) Choice of Daily Trend to use for direction conformation, TMA or 2/8.
2) Trading Mode or Alert Mode
3) You will now have 3 different TDI confitmation time periods you can select, either with TDI Cross or just Green above or below Red.
4) I have added an 'Information" box to the configuration menu that you can put info into that will appear in the header of the DB.
5) Haven't tested yet but am adding...
Hi SELLER9,

I suggest that the user sould choose how many TDI-TF he wants. f.e. I prefer the H4 and maybe D1 (As Big_E does..), As I look the the Static TDI trend and the Dynamic TDI trend - together (for confirmation).

The Dynamic TDI is the attach file.

Thanks.

Y

As I wrote before the slope of the STOCH trigger is imporant, too. Please let the user choose with EXTERNAL.
Attached File(s)
File Type: mq4 TMS-Osc.mq4   4 KB | 386 downloads
  • #517
  • Jul 29, 2011 10:57am Jul 29, 2011 10:57am
Quoting crossy
Hi SELLER9,

I suggest that the user sould choose how many TDI-TF he wants. f.e. I prefer the H4 and maybe D1 (As Big_E does..), As I look the the Static TDI trend and the Dynamic TDI trend - together (for confirmation).

The Dynamic TDI is the attach file.

Thanks.

Y

As I wrote before the slope of the STOCH trigger is imporant, too. Please let the user choose with EXTERNAL.
I edited the previous post as the TDI time frames are all selectable as to if you want to use them or not, forgot to mention that.

Also will add the slope of the STOCH as a setting if I have time this weekend.

Thanks for the input, many heads are better than one, unless they are in Washington.
  • #518
  • Jul 29, 2011 10:59am Jul 29, 2011 10:59am
Quoting Tpc23
The snapshot of the alert or trade, as you mentioned a few pages ago.

T
Yes, its there, forgot it in the list.
  • #519
  • Jul 29, 2011 11:24am Jul 29, 2011 11:24am
thinking if we can have the candle size as one of the parameters.. to avoid small candles which has low volume which invalidates indicators...
  • #520
  • Jul 29, 2011 11:41am Jul 29, 2011 11:41am
Wow, Seller9, amazing work you're doing here. Thanks for all the updates. I like the idea of lower TP for countertrend, but is there a way for the EA to see if a trade is countertrend and use lower TP or will you have to set it to false and set all TP to 5-10pips?
In other words, since we don't know if a signal will be with or w/o the trend, is there a way to let the EA run a higher TP on trending trades and a lower TP on countertrend trades?
I hope it makes sense, as it looks like we wanna avoid too small of TPs on nice trending runs...
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