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Trading Made Simple EA by Guess Whom

  • #1,321
  • Oct 1, 2011 4:13pm Oct 1, 2011 4:13pm
Quoting maxzeus
Thanks seller9 for the explanation on the CandleStickTrailingStop , and if it can be added it would be good at least we could specify how many candles to look at for the SL settings,

-but the 5ma open/close above/under to buy/sell is gonna be an excellent addition and the HA color change as you mentionned in your previous post


-for star178's post above i also agree ( I think 2 of the TDI confirmation settings can be removed.) since theres already the base confirmation of the actual TDI Active Timeframe, having...
Question:

For the number of candles to look at for the Stop Loss when using the CandleStickTrailingStopLoss. Do you want it to take the lowest or highest of the number of candles selected? So if you say look back 5 candles do you want it to find the lowest or highest High or Low among those 5 candles?
  • #1,322
  • Oct 1, 2011 5:22pm Oct 1, 2011 5:22pm
Added or fixed so far:
1) Long Trade if TDI Green is under 50. Short Trade if TDI Green is over 50.
2) Close Trade on Closed Candle color change.
3) Close on cross of 5LWMA Close shift 0 of present 5ema shift 2. Very similar to NoLagMA.
4) Select number of candles back to look for Lowest or Highest Low/High for trailing Stop Loss when using CandleStickTrailingStopLoss.
5) Trend Line Break by PA or Candle Close.
6) 5ema closed candle above or below for Buy or Sell or PA above or below for Buy or Sell.
7) Fixed autorestart so it now does restart after a trade closes and there is no signal present.


Things removed:
1) TDIC2 and TDIC3 confirmation settings.

Things being worked on:
1) MaxWins, MaxLosses, MaxTrades, MaxOpenTrades.

Things I need input on from everyone.
1) Is anyone using the TicCount? If not I will remove it.

Anything else that maybe can be removed?????


I am trying to get done with this version a new PDF that will expalin the settings. I have also added more notes to the settings list to help and also put them into a better and logical step by step order.
  • #1,323
  • Oct 1, 2011 6:30pm Oct 1, 2011 6:30pm
Quoting Pbh
Seller, could you please tell us what you think about the
MaxWins
MaxLosses
MaxTrades

per session settings?

Would you make this final adjustment to the EA? I think this is really worth it

Pbh
Do you just want to show these numbers or do you want to be able to set number of Maximum Wins, Losses or Trades before it takes no more trades????
  • #1,324
  • Edited 10:44pm Oct 1, 2011 8:01pm | Edited 10:44pm
Quoting seller9
Question:

For the number of candles to look at for the Stop Loss when using the CandleStickTrailingStopLoss. Do you want it to take the lowest or highest of the number of candles selected? So if you say look back 5 candles do you want it to find the lowest or highest High or Low among those 5 candles?
as you explained here in your previous post would be easier to add ?

Quote
CandleStickTrailingStop: For Buy order.

if Low of the last Closed candle is greater than the Order Stop Loss AND Order profit is Greater Than OR equal to zero then the Stop Loss will equal the Low of the last Closed Candle.

Because this is part of the trade management, it takes over if selected when a trade is open and showing a profit. It only looks back one candle, to the previous closed candle. It should continue to move if profit keeps increasing and previous closed candle Lows keep moving up (for Long).
or basically if "Long" it looks back at the low of the set of number of candles example 3rd candle low and if "Short" looks at the candle high.

but IMO it would just be simple to just put the criteria to the CLOSE of a # of candles, so it will be easier to code and will be almost the same desired objective, people would just have to -1 or +1 candle to get the similar Trailing stop settings

also let's say i set the number of candles to 2 or 3, the trailing would trail every Candle or would it be every 2-3 candles as specified ? that i don't know what would be best tho i presume it would update ever candle to the 2-3 candle SL setting ?

Keep on the good work seller9 and Thanks, it's REALLY APPRECIATED from me and im sure from others
Don't forget Practice + Patience + Persistence = Profits
  • #1,325
  • Oct 1, 2011 9:04pm Oct 1, 2011 9:04pm
Quoting seller9
Anything else that maybe can be removed?????

I am trying to get done with this version a new PDF that will expalin the settings. I have also added more notes to the settings list to help and also put them into a better and logical step by step order.
Sounds good.

I would remove everything introduced by "guess whom" that has nothing to do with BigE. It's also about time the EA copyright went to seller9!

As far as fancy trailing stops and the like are concerned, I would offer the opinion that you will get many ideas from many peeps, the best about which you will ever be able to say is that some of them work some of the time - in short term trading.

There is a view in trading that you should take your profit or take your loss. You make a profit from taking a risk. If the trade is such that you are no longer willing to take the risk, then close the trade (be it for a profit or loss).

The BigE method is about short term trading whereby trades are mostly taken and closed within a single session. As such whatever method you use to bring the S/L closer to the action, is going to see it get hit. The whole idea is to enter a trade when price quickly moves away from the S/L, reducing the risk of it being hit.

IMHO the EA should allow for 3 concurrent exits:

1/. When a fixed T/P is hit.
2/. When a fixed S/L is hit.
3/. When the move breaks down.

HTH and keep up the good work.
Good Trading
  • #1,326
  • Oct 1, 2011 10:42pm Oct 1, 2011 10:42pm
Quoting aud
Sounds good.

I would remove everything introduced by "guess whom" that has nothing to do with BigE. It's also about time the EA copyright went to seller9!

IMHO the EA should allow for 3 concurrent exits:

1/. When a fixed T/P is hit.
2/. When a fixed S/L is hit.
3/. When the move breaks down.

HTH and keep up the good work.

those settings above are already included and i agree with you, but if some would like to use different SL/TP methods instead of only Fixed, at least it's gonna be optional to use Trailing or Candle Trailing or Fractal or Candle color reversal or TDI reverse Cross or 5ma above/under cross or Jumpstop etc... and with seller9's EA it's possible and it can be aplied to any Timeframe and different variations of this strategy

More consistent pips with less risk is important and with all the settings available it's not impossible.

GLTA
Don't forget Practice + Patience + Persistence = Profits
  • #1,327
  • Oct 2, 2011 12:58am Oct 2, 2011 12:58am
All traders overseas, upon awakening and who will read this post: Good Morning America and neighboring countries, are exceptional.
thanks for all you are doing,Seller9,Star178,Maxzeus,Fivex,X58,Babas, ....... sorry if I forget someone, a hug to all circular
  • #1,328
  • Oct 2, 2011 4:14am Oct 2, 2011 4:14am
Quoting aud
Sounds good.

I would remove everything introduced by "guess whom" that has nothing to do with BigE. It's also about time the EA copyright went to seller9!

As far as fancy trailing stops and the like are concerned, I would offer the opinion that you will get many ideas from many peeps, the best about which you will ever be able to say is that some of them work some of the time - in short term trading.

There is a view in trading that you should take your profit or take your loss. You make a profit from taking a risk. If the trade is such that...
My understanding of what you are trying to say above is that Trailing Stop is not important.(youn even call it - fancy)
Well i don't know how long you have been trading but that will be a tall statement to make.
The only thing i see that makes a lot of sense in there is the EA copyright thing to seller9(which obviously WILL/MUST be done if he wants to).
But i need to be sure of what you really meant (about Trailing..TP hit...SL hit..e.t.c ) before i do justice to your post.
So a lot of newbies won't be misled.

Thanking you.
It Is Well With My Soul..(Amen)
  • #1,329
  • Oct 2, 2011 8:05am Oct 2, 2011 8:05am
It would be ideal if we could have the SL lookback at the H or L of X candles back +- X Pips. Logic:

If Long and set at 3 candles back and -5 pips:
At open of current candle SL is moved to L of 3 candles back -5 pips.

Of course the SL would only be moved in the direction of the trade.

I'm hoping the new version has the ability to enter the trade at the cross of the 5ema based on candle size of X times ATR.

Great work Seller9

Thanks
  • #1,330
  • Oct 2, 2011 8:25am Oct 2, 2011 8:25am
Inputs are place where we make our choices. IF DEFAULT ARE SET - good, but if I don't have choices and freedom to changer Input settings like I would like!!! or just there have not settings.... or everything are DEFAULT and Input BUTTON missing....???
  • #1,331
  • Oct 2, 2011 10:27am Oct 2, 2011 10:27am
The CandleStickStopLoss will be like this.

You can look back a user choice number of candles( 1 to ~) and the program will find the lowest or highest(depending on Buy or Sell) of those candles to use as its trailing stop loss. You will also have a offset number of pips the user can add to this Low or High. + pips to the high and - pips to the low.
  • #1,332
  • Edited 3:31pm Oct 2, 2011 10:28am | Edited 3:31pm
Well I have just finished reading this whole thread and now I need to start learning how to use this tool. My thanks and congratulations to all of the work done here. It has been a true joint effort amongst testers and the developer.

I saw that there were issues with Context Busy and 130 errors. I didn't want to presume that my help was needed but will gladly offer the code I use to avoid these trading issues.

Since I have hardly have posed here I cannot PM otherwise I would have kept this off board. If you are interested either PM me or post here and I'll gladly share what I have.
  • #1,333
  • Oct 2, 2011 2:44pm Oct 2, 2011 2:44pm
Quoting seller9
The CandleStickStopLoss will be like this.

You can look back a user choice number of candles( 1 to ~) and the program will find the lowest or highest(depending on Buy or Sell) of those candles to use as its trailing stop loss. You will also have a offset number of pips the user can add to this Low or High. + pips to the high and - pips to the low.
Perfect! I have noticed that you can stay in most long runs using this SL looking 3 to 4 candles back on a 15 minute chart. The trick is dumping your losses early and letting the good ones run. Where have you heard that before.

I also think a new detailed PDF on settings is a great idea. Thanks Seller for your hard work.
  • #1,334
  • Oct 2, 2011 6:38pm Oct 2, 2011 6:38pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
I was wondering why an mq4 was never included whenever a new version was released into the thread.
Does that mean he wont be releasing the source mq4 so that users can add their own code to it while keeping the orginal code in its current form in the thread.. or use some of the features in another EA a user may have?

[quote=babasemi;5004621] EA copyright thing to seller9(which obviously WILL/MUST be done if he wants to).quote]
He who wanders, never gets lost. No good deed goes unpunished.
  • #1,335
  • Oct 2, 2011 8:24pm Oct 2, 2011 8:24pm
[quote=GT_Pips;5005540]I was wondering why an mq4 was never included whenever a new version was released into the thread.
Does that mean he wont be releasing the source mq4 so that users can add their own code to it while keeping the orginal code in its current form in the thread.. or use some of the features in another EA a user may have?

Quoting babasemi
EA copyright thing to seller9(which obviously WILL/MUST be done if he wants to).quote]
I guess by "He" you mean me.

The original is at post #1 along with the code. Please feel free to make any additions or corrections to it to make it better. The present one just has additions to it by traders in this forum and is an ungoing study in progress. Hopefully we all can reach our goal of making more pips.

Please post your results if you decide to modify the original.

Have a Nice Day.
  • #1,336
  • Oct 2, 2011 8:28pm Oct 2, 2011 8:28pm
Hi every one
just letting you know I just signed up after having read both threads relating to TMS, what a task that has been
I'm just starting to test what I have learned on a demo account for now until I'm sure I have all the setting/installation right, starting off with star718 tpl to see how that goes, I notice star718 is using ver 14 and there is a ver 15 on the go but I am sure I will get to that soon enough.
any and all tips are welcome
  • #1,337
  • Oct 2, 2011 9:16pm Oct 2, 2011 9:16pm
Seller9, keep it the way it is i mean the ex4 format also add the copyright, it would be a good idea IMO

we can modify or share our set files that are money makers within the community which we are already doiing and we are all after in getting more pips with less risk.

Good Job on the additions and removals below

Quote
Added or fixed so far:
1) Long Trade if TDI Green is under 50. Short Trade if TDI Green is over 50.
2) Close Trade on Closed Candle color change.
3) Close on cross of 5LWMA Close shift 0 of present 5ema shift 2. Very similar to NoLagMA.
4) Select number of candles back to look for Lowest or Highest Low/High for trailing Stop Loss when using CandleStickTrailingStopLoss.
5) Trend Line Break by PA or Candle Close.
6) 5ema closed candle above or below for Buy or Sell or PA above or below for Buy or Sell.
7) Fixed autorestart so it now does restart after a trade closes and there is no signal present.


Things removed:
1) TDIC2 and TDIC3 confirmation settings.

Things being worked on:
1) MaxWins, MaxLosses, MaxTrades, MaxOpenTrades.

Things I need input on from everyone.
1) Is anyone using the TicCount? If not I will remove it.
Don't forget Practice + Patience + Persistence = Profits
  • #1,338
  • Oct 2, 2011 9:58pm Oct 2, 2011 9:58pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
[quote=seller9;5005676]
Quoting GT_Pips
I was wondering why an mq4 was never included whenever a new version was released into the thread.
Does that mean he wont be releasing the source mq4 so that users can add their own code to it while keeping the orginal code in its current form in the thread.. or use some of the features in another EA a user may have?



I guess by "He" you mean me.

The original is at post #1 along with the code. Please feel free to make any additions or corrections to it to make it better. The present one just has additions to it by...
Its all good.
Not looking to cause any issues in the thread.
I was just wondering if the source for each new version/upgrade would be released in the future.
He who wanders, never gets lost. No good deed goes unpunished.
  • #1,339
  • Oct 2, 2011 10:50pm Oct 2, 2011 10:50pm
Quoting maxzeus
those settings above are already included and i agree with you, but if some would like to use different SL/TP methods instead of only Fixed, at least it's gonna be optional to use Trailing or Candle Trailing or Fractal or Candle color reversal or TDI reverse Cross or 5ma above/under cross or Jumpstop etc... and with seller9's EA it's possible and it can be aplied to any Timeframe and different variations of this strategy GLTA
Thx. I'm in need of the new pdf! I understood that if an amount was entered in the S/L it cancelled out any other exit strategy (other than T/P).
Good Trading
  • #1,340
  • Oct 2, 2011 11:17pm Oct 2, 2011 11:17pm
Here is the PDF I have started work on for the TMS Version 16 that will probably be out next weekend after I do some testing this week. A bunch of changes so just want to make sure most of the bugs are out of it. Take a look at the PDF and see if it makes any sense. I think I have gotten most of the changes everyone was looking for. Still waiting to hear back about the MaxWins, MaxLosses, etc and how the user wanted to see those implemented. So far I just have those numbers posted in the Data Panel on the right side of the screen but am not using them in the alerts yet untill I get more input. You can see them in the PDF in the screen shot on the first page.

Attached File(s)
File Type: pdf TMS_V16.pdf   475 KB | 927 downloads
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