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Trading Made Simple EA by Guess Whom

  • #701
  • Aug 14, 2011 2:50am Aug 14, 2011 2:50am
This is a good post by BigE over on the TMS thread reminding us of the simplicity of the system.


Quoting eelfranz
Top of the weekend to you all ! Go to any 1 hr/4hr chart, just look at the TDI... now scroll back about 6-12 months. It looks like rolling waves all along the TDI.

So why not get in at the top or bottom of the TDI.. You no that price always returns to it's previous levels.

[font=Comic Sans MS][size=4][color=#0000ff]If you entered when green crossed the red ... and stayed in until it crossed again...
This is the reason I think we need an exit on confirmed cross option on the EA. You need to stay in the trade, as BigE says if you'd have exited when it crossed back over you make more pips.

Thanks
  • #702
  • Aug 14, 2011 11:01am Aug 14, 2011 11:01am
Quoting seller9
Just PM me.

Hello Seller9.

Sorry i can't PM you,

I think it is because i am new here,that is why i asked for another way of contacting you.

Thank you.
  • #703
  • Aug 15, 2011 10:00am Aug 15, 2011 10:00am
Hi, Seller9

I attached original setting from the template (v10), but error massage appeared "USDCHFiam OP_SELL order send failed with error(130): invalid stops". Could you please advise.

Thank you.
  • #704
  • Aug 15, 2011 10:37am Aug 15, 2011 10:37am
arbhd11,
Check the setting "ECN Criminal" and set it to true..

That might fix the prob..

unless you have your stops set too close to the entry price.
  • #705
  • Aug 15, 2011 10:52am Aug 15, 2011 10:52am
There are numerous report on 'error 130', and I just had the same problem on V8.

Attached below are two charts on the same currency pair USDCHF from two different broker, one is a 4 digits and the other is a 5 digits MT4.

The 4 digits MT4 establishes the trade, but not the other.
I tried different values for TP and SL, but without success, (all other settings are at default).

Also attached are their respective set files.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 08-15 USDCHF(4) trade open.jpg Size: 99 KB
Click to Enlarge Name: 08-15 USDCHF(5) no trade.jpg Size: 118 KB
Attached File(s)
File Type: txt tms(8)usdchf(4d)trade.txt   1 KB | 287 downloads
File Type: txt tms(8)usdchf(5d)no trade.txt   1 KB | 272 downloads
  • #706
  • Aug 15, 2011 11:09am Aug 15, 2011 11:09am
Quoting tommyd
arbhd11,
Check the setting "ECN Criminal" and set it to true..

That might fix the prob..

unless you have your stops set too close to the entry price.
You are correct setting the ECN Criminal to true, establishes the trade.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 08-15 USDCHF(5) now trade.jpg Size: 99 KB
  • #707
  • Aug 15, 2011 7:38pm Aug 15, 2011 7:38pm
Quoting Star178
You are correct setting the ECN Criminal to true, establishes the trade.

Thanks
Also I noticed you don't have anything in the SLmultiplyer, you should keep a value in this setting when using 'UseLastFractalSL" because if a valid Last Fractal has not formed yet the EA uses this value instead to determine the SL.

At times you may get a Buy signal but the Last Fractal Low which would be used for the SL may be above your price, which would give you an invalid SL and the reverse if trying to enter a Sell, the Last Fractal High may be below your price, giving you an invalid SL error.

Sounds strange, but I put that in there because I have seen it where you get a signal to enter a trade on a reversal candle but you don't have enough candles to form the 5 candle last fractal sequence, and the last fractal that is present is on the wrong side of the trade.
  • #708
  • Aug 15, 2011 8:47pm Aug 15, 2011 8:47pm
Quoting tommyd
arbhd11,
Check the setting "ECN Criminal" and set it to true..

That might fix the prob..

unless you have your stops set too close to the entry price.
-------------------------------
Tommyd,

Thanks for your respond and assistance.

Regards
  • #709
  • Aug 15, 2011 8:54pm Aug 15, 2011 8:54pm
Quoting seller9
Also I noticed you don't have anything in the SLmultiplyer, you should keep a value in this setting when using 'UseLastFractalSL" because if a valid Last Fractal has not formed yet the EA uses this value instead to determine the SL.
Thanks
  • #710
  • Aug 15, 2011 11:11pm Aug 15, 2011 11:11pm
Still testing, don't want to post the new version until I am sure everything is OK, did some M15 testing with it this morning. I am doing just 2 AM to 11 AM CST which gets me the London and part of the NY session. This is just set and forget with no intervention by me, just let the Robot do its thing. I am going to try some different settings to see if I can increase the amount of the profit. If anyone has any ideas on what settings would work to get more of the run please post them for the M15. The first try was using BreakEven and JumpingStop set to true. Only using SL as exit.

UseLastFractalSL = true
ZoneMuliplier = 50
BreakEvenPips = 10
BreakEvenProfit = 5
JumpingStopPips = 10
AddBEP = true
JumpAfterBreakEvenOnly = true

I am going to try a couple variations on this tonight to see if I can increase the amount of profit.
This morning I had 7 trades with these settings on the M15, 6 winners and one loser. So thats not bad for the first try.

Here are the results and three of the trades.

Attached Image (click to enlarge)
Click to Enlarge Name: Results_M15.jpg Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.jpg Size: 142 KB


Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.jpg Size: 141 KB


Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 143 KB
  • #711
  • Aug 15, 2011 11:51pm Aug 15, 2011 11:51pm
This trade was opened by TMSV8, then I switched the EA to V10.

Now V10 moved the SL to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 08-16 CHFJPY (10)be.jpg Size: 120 KB
Attached File(s)
File Type: txt tms(0816)chfjpy.txt   2 KB | 329 downloads
  • #712
  • Aug 16, 2011 12:02am Aug 16, 2011 12:02am
Quoting Star178
This trade was opened by TMSV8, then I switched the EA to V10.

Now V10 moved the SL to BE.
In this case your OK when putting V10 on an open trade, but be careful as V10 would have entered another trade if conditions were right. So be sure to say no to restarting Robot when doing this. The Robot always watches open trades it is put on according to your settings, the only thing suspended is the placing of any order when the Robot is suspended.
  • #713
  • Aug 16, 2011 2:01am Aug 16, 2011 2:01am
Hi all, just curious if anyone has come close to perfecting stop loss settings. I don't like to use the last fractal SL because a single lose usually wipes out at least 3 wins. Is this still the best way to give the EA room to work, or does anyone have a different strategy that's working?
  • #714
  • Aug 16, 2011 3:12am Aug 16, 2011 3:12am
Quoting Wisco04
Hi all, just curious if anyone has come close to perfecting stop loss settings. I don't like to use the last fractal SL because a single lose usually wipes out at least 3 wins. Is this still the best way to give the EA room to work, or does anyone have a different strategy that's working?
Here is a live example, where to set your stop loss??

On my earlier chart CHFJPY, the ea moved the SL from LF to BE at 97.95.

However the price of the current bar retracted from a high of 98.85 down and hit BE. A drop of 90 pips. So what is a reasonable SL & TS on a 4H TF?

According to BIG E if the price retracted 5 - 10 pips, he will close the trade.
Here we are testing the various function of the EA, so we let it run as normal.
Attached Image (click to enlarge)
Click to Enlarge Name: 08-16 CHFJPY (10)SL.jpg Size: 105 KB
  • #715
  • Aug 17, 2011 4:08am Aug 17, 2011 4:08am
I'm waiting at the front of my screen to the new version, with red eyes and falling hands... .

All the best my hero.

Y.
  • #716
  • Aug 17, 2011 4:26am Aug 17, 2011 4:26am
ha ha - join the club. I think this EA will do really well on the lower timescales. Looking forward to testing it.
  • #717
  • Aug 17, 2011 8:21am Aug 17, 2011 8:21am
for me its flat times like this when trading the H4 with TMS comes unstuck, you need good volume. Dropping down to M15 or H1 should give us more chance of catching some pips.
  • #718
  • Aug 17, 2011 11:47am Aug 17, 2011 11:47am
Quoting crossy
I'm waiting at the front of my screen to the new version, with red eyes and falling hands... .

All the best my hero.

Y.
Just trying to get it perfect. I am testing on the M15 with version 11 trying to find the best TP and SL settings using the BE and JSP settings. I have it running in three different account, all the same Broker, just durring 2 to 11 CST and have everything set the same accept for the BE and JSP settings to see which combination works the best. Since each Pair is a little different so I have added a ATR multiplier setting that can be used. So you can set BE for say 2 * ATR and JSP for maybe 1 * ATR. Makes it easier when on a lot of different Pairs so you don't need to set each one but can use a value based on the ATR.
  • #719
  • Aug 18, 2011 12:22pm Aug 18, 2011 12:22pm
A couple of ideas for the SL setting

What about having a max size for SL. For example, use the last fractal unless it is more than X pips away from current price, in which case use fix SL Y, or dynamic SL ATR * Z?

So, you could set the EA to use the last fractal, unless it was more than 50 pips away from current price, in which case the EA would use 50 pips as the SL.

Or you could set it so that if it were more than 1.5 * M15 ATR from current price, then it would use M15 ATR * 1.5 as the SL instead.

This would allow the SL to be kept within reasonable limits.

Another option would be to be able to specify which TF to look for the fractal on. So if you are trading M15, then you would have it look for the last M15 fractal. This would make sense if you were aiming at smaller TPs.
  • #720
  • Aug 18, 2011 12:53pm Aug 18, 2011 12:53pm
Quoting Invisible
A couple of ideas for the SL setting

What about having a max size for SL. For example, use the last fractal unless it is more than X pips away from current price, in which case use fix SL Y, or dynamic SL ATR * Z?

So, you could set the EA to use the last fractal, unless it was more than 50 pips away from current price, in which case the EA would use 50 pips as the SL.

Or you could set it so that if it were more than 1.5 * M15 ATR from current price, then it would use M15 ATR * 1.5 as the SL instead.

This would allow the SL to be kept within...
Good ideas for next version 12.

I was playing around with using ATR * ? for SL, but was running into problems because the demo I was trying it on "FXDD" has a minimum of 40 pips from the market price and another Broker I have is 60 pips. So its hard to get a tight stop on the M15 where I have been testing it using BE or JS settings. On the H4 it may not be a problem as SL would be larger. Like with EURGBP, which on the M15 has a ATR of 7 at this moment I would need at least a "6" for the ATR multiplier to prevent the SL error. Any thoughts on this?
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