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Trading Made Simple EA by Guess Whom

  • #1,561
  • Oct 18, 2011 11:21pm Oct 18, 2011 11:21pm
Hi Traders,

New to this thread and also EA. Took me almost a month to go through the whole thread and understand the basics.

Loaded TMS v17 onto 6 majors. Using Star's set file as a start. Didn't have a good start. Here's the results so far.

Broker: Alpari UK 5-digit

Attached Image (click to enlarge)
Click to Enlarge Name: Results.jpg Size: 35 KB


I got only 1 trade last night (rather early this morning from where I am), then my PC restarted itself due to windows update. Have to restart MT4. Anyway, it was on M30 and like I said, not a good start.

2 trades still open. I will see if they go well.

BTW, thanks seller9 for the good work. This is the best EA by far.

P/S: another closes as I type this with +7 pips, and all the profit trades are all close either on HH or LL with lower pips. Will change exit settings later today and test again.
  • #1,562
  • Oct 19, 2011 2:35am Oct 19, 2011 2:35am
Quoting seller9
In your case the "Zone" determined which direction it would go, and seeing you were above the center line of the TMA the only way you could go at that time was short once the HA Candle closed below the 5ema.
thanks. i was confused, because the actual candle, where the trades was opened, was a blue candle. maybe the bot should check this. if the last closed candle is red and closed below the ema and the actual is red too, then open a sell. but if the actual candle is blue, then don't open.
  • #1,563
  • Oct 19, 2011 7:32am Oct 19, 2011 7:32am
It would seem that, "Use5emaCandleClose=1, results in the trade being closed if the closed candle has wicked the 5ema.

I was expecting a closed candle to have to close over the 5ema to close the trade.

Unless I have something else wrong, it would also seem that setting UseZone=0, results in only short trades below the middle line and long trades above it.
Good Trading
  • #1,564
  • Oct 19, 2011 8:00am Oct 19, 2011 8:00am
again such a trade, see screenshot. the last closed candle was below the 5 ema. then, the actual candle made a spike, reached the 100% zone and the bot got a sell signal.

but i rechecked the settings and i think the solution is, to set the "Use5emaPA" to true, too. so the actual candle has to be below the 5ema too, to open the sell trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD10-19---12-38.gif Size: 36 KB
  • #1,565
  • Oct 19, 2011 8:47am Oct 19, 2011 8:47am
Huge thank you to all who have contributed to this system! Trying it out now on Oanda demo account and its looking good! I am using Star's set file in post 1532 on page 103. I had eurjpy open twice so it went short twice. Seems to have worked out okay though!
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Click to Enlarge Name: TMS EA1.jpg Size: 186 KB
  • #1,566
  • Oct 19, 2011 9:04am Oct 19, 2011 9:04am
Quoting snowyHH
again such a trade, see screenshot. the last closed candle was below the 5 ema. then, the actual candle made a spike, reached the 100% zone and the bot got a sell signal.

but i rechecked the settings and i think the solution is, to set the "Use5emaPA" to true, too. so the actual candle has to be below the 5ema too, to open the sell trade.
oh no, after set Use5emaPA to true the bot takes trades i really don't understand, pls see the screenshot.

it opened a buy trade.
- PA is below lower tma line -> OK
- PA is below 5ema -> NOT OK
- last candle close is below 5ema -> NOT OK

why is it opening this trade? the rule is clear: last candle has to close above 5ema and PA has to be above 5ema, then it can open a buy trade. has someone an idea?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY10-19---13-55.gif Size: 38 KB
Attached File(s)
File Type: txt 20111019_eurjpy_5ema_zone100.set.txt   4 KB | 266 downloads
  • #1,567
  • Oct 19, 2011 12:26pm Oct 19, 2011 12:26pm
Quoting snowyHH
thanks. i was confused, because the actual candle, where the trades was opened, was a blue candle. maybe the bot should check this. if the last closed candle is red and closed below the ema and the actual is red too, then open a sell. but if the actual candle is blue, then don't open.
Right now it looks at the previous closed candle and the present candle.
If the previous closed candle is red and the present candle opens below the 5ema it goes short. It could be made to look at the color of the present candle, but then that keeps changing until it closes, so that could give false trades also.
  • #1,568
  • Oct 19, 2011 12:43pm Oct 19, 2011 12:43pm
Quoting aud
It would seem that, "Use5emaCandleClose=1, results in the trade being closed if the closed candle has wicked the 5ema.

I was expecting a closed candle to have to close over the 5ema to close the trade.

Unless I have something else wrong, it would also seem that setting UseZone=0, results in only short trades below the middle line and long trades above it.
If you set "UseZone" = false, the EA does not use the Zone.
To use Zone you set "UseZone" = true and "Zonemultiplier" = 0 to ~, zero being the TMA Center Line.
You only want to take Short Trades when the PA is towards the top of the TMA channel, (above Center Line) and only take Long Trades when the PA is towards the bottom of the TMA channel, (below Center Line).

Attached Image
  • #1,569
  • Oct 19, 2011 12:49pm Oct 19, 2011 12:49pm
Quoting snowyHH
again such a trade, see screenshot. the last closed candle was below the 5 ema. then, the actual candle made a spike, reached the 100% zone and the bot got a sell signal.

but i rechecked the settings and i think the solution is, to set the "Use5emaPA" to true, too. so the actual candle has to be below the 5ema too, to open the sell trade.
The Blue Candle Opened below the 5ema, what happened after that did not matter the EA could not see that the candle would end up being Blue, thats why it took the short trade. The only way around this is wait untill you get 2 closed Blue Candles.
Thats why you need something else like the TDI that shows momentum to determine if the trade will continue in the same direction.

If you set "Use5emaPA" = true, then it will trigger anytime the price goes below or above the 5ema without any candle close confirmation. You would have had the same results only sooner.
  • #1,570
  • Oct 19, 2011 12:53pm Oct 19, 2011 12:53pm
Quoting seller9
The Blue Candle Opened below the 5ema, what happened after that did not matter the EA could not see that the candle would end up being Blue, thats why it took the short trade. The only way around this is wait untill you get 2 closed Blue Candles.
Thats why you need something else like the TDI that shows momentum to determine if the trade will continue in the same direction.

If you set "Use5emaPA" = true, then it will trigger anytime the price goes below or above the 5ema without any candle close confirmation. You would have had the same results...
hi seller,

i think you don't talk about my screenshot. there is no blue candle, there were 3 red candles in a row below the 5ema and the bot opened a BUY trade. this is what i don't understand.
sorry for bothering
  • #1,571
  • Oct 19, 2011 1:07pm Oct 19, 2011 1:07pm
Quoting snowyHH
oh no, after set Use5emaPA to true the bot takes trades i really don't understand, pls see the screenshot.

it opened a buy trade.
- PA is below lower tma line -> OK
- PA is below 5ema -> NOT OK
- last candle close is below 5ema -> NOT OK

why is it opening this trade? the rule is clear: last candle has to close above 5ema and PA has to be above 5ema, then it can open a buy trade. has someone an idea?
like seller9 said above, about the ZONE that is why it opened a BUY set ZONE to FALSE

also put

Use5emaCandleClose= TRUE
Use5emaPA=FALSE
Don't forget Practice + Patience + Persistence = Profits
  • #1,572
  • Oct 19, 2011 1:24pm Oct 19, 2011 1:24pm
Quoting maxzeus
like seller9 said above, about the ZONE that is why it opened a BUY set ZONE to FALSE

also put

Use5emaCandleClose= TRUE
Use5emaPA=FALSE
if i put zone to false, then my described setup will not work.

ok, again:
i want to trade the breakouts of the tma zone. if the PA breaks out above the upper tma line, i want to trade the pullback into the trend channel with a SELL. if it breaks out below the lower tma line, i want to trade the pullback into the channel with a BUY.

setup for buy:
- PA is BELOW the lower line (zone = 100)
- BLUE candle closes ABOVE 5ema
--> BUY

setup for sell:
- PA is ABOVE the upper line (zone = 100)
- RED candle closes BELOW 5ema
--> SELL

i have
- "UseZone" set to true
- "Use5emaCandleClose" set to true

nothing else as trigger.

then the false trades happened. for example: bot opened a sell trade because the previous candle closed below 5ema, BUT the actual candle was a big blue and came above the upper tma line.
so i changed "Use5emaPA" to true to avoid the bot to open a sell trade on a blue candle which is above the 5ema. but then such trades happened as you can see on my last screenshot. there was nothing blue, everything red, below tma line, below 5ema and it opened a buy trade.

but anyway, i think i can't use the described setup with this bot. i try another setup now. i set only usezone to true, nothing else. and zone multiplier to 130% or more to catch the strong outbreaks.
  • #1,573
  • Oct 19, 2011 1:27pm Oct 19, 2011 1:27pm
Quoting snowyHH
oh no, after set Use5emaPA to true the bot takes trades i really don't understand, pls see the screenshot.

it opened a buy trade.
- PA is below lower tma line -> OK
- PA is below 5ema -> NOT OK
- last candle close is below 5ema -> NOT OK

why is it opening this trade? the rule is clear: last candle has to close above 5ema and PA has to be above 5ema, then it can open a buy trade. has someone an idea?
Its a little confusing maybe, when you select "Use5emaCandleClose"=true it waits for the candle to close, but when you also select "Use5emaPA"=true it only waits for the PA to cross the 5ema. Your not suppose to select them both at the same time, there is no logic in the EA to deal with that situation as it is a combination that is of no use. I will have to add a pop up alert error if that situation comes up so the user will know he can not select both at the same time. Even if the Logic was in place to have them both set to true the PA cross would always over ride the candle close anyway. It never dawned on me that someone would select them both, will add a warning in the next version and change the Logic to take it into account, even though the the Logic will still let the PA over ride the 5ema candle close.

I have made the changes and they will be in the next version.

For now, only select one or the other. Thats why the display is grayed out, as the EA didn't know what you wanted it to do. It was triggering a trade off of just the Zone setting, which was in the Buy area, so it took a Buy trade.
  • #1,574
  • Oct 19, 2011 1:31pm Oct 19, 2011 1:31pm
Quoting seller9
Its a little confusing maybe, when you select "Use5emaCandleClose"=true it waits for the candle to close, but when you also select "Use5emaPA"=true it only waits for the PA to cross the 5ema. Your not suppose to select them both at the same time, there is no logic in the EA to deal with that situation as it is a combination that is of no use. I will have to add a pop up alert error if that situation comes up so the user will know he can not select both at the same time. Even if the Logic was in place to have them both set to true the PA cross...
thanks for explanation!
  • #1,575
  • Oct 19, 2011 1:36pm Oct 19, 2011 1:36pm
Quoting snowyHH
hi seller,

i think you don't talk about my screenshot. there is no blue candle, there were 3 red candles in a row below the 5ema and the bot opened a BUY trade. this is what i don't understand.
sorry for bothering
I am talking about this screen shot

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Click to Enlarge Name: Test2.gif Size: 75 KB
  • #1,576
  • Oct 19, 2011 2:01pm Oct 19, 2011 2:01pm
I had some good luck with just scalping the H1 the past 10 hours or so, 9 straight wins without a loss so far with these settings. Most traders won't like the risk reward but money is money. I haven't tried the settings on a lower time frame where the ATR is a lot smaller. The USDJPY trade is still open, strange thing about that trade is the PA went through my TP I had set with the Broker and did not close. This is a Demo account. I have included the settings file.

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Click to Enlarge Name: H1_Scalp_1.jpg Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: H1_Scalp_2.gif Size: 68 KB


Attached File(s)
File Type: zip H1_Scalp_Seller9.zip   2 KB | 1,093 downloads
  • #1,577
  • Oct 19, 2011 2:10pm Oct 19, 2011 2:10pm
I started v17 last night on the H1 and today, every hour, I get a barrage of alerts all saying "Candle Stick Trailing Stop set at 1.3821 EURUSD...".

These alerts are continuous and have been going on for over 9 minutes now... I finally changed MT4 to not sound alerts because I can't even open the EA properties.

Any ideas?
  • #1,578
  • Oct 19, 2011 2:27pm Oct 19, 2011 2:27pm
Quoting hitescape
I started v17 last night on the H1 and today, every hour, I get a barrage of alerts all saying "Candle Stick Trailing Stop set at 1.3821 EURUSD...".

These alerts are continuous and have been going on for over 9 minutes now... I finally changed MT4 to not sound alerts because I can't even open the EA properties.

Any ideas?
Try this latest version 17, I added a delay on the alerts.
As you can see in the previous post I was not getting the continuous alerts with this version.

Also make sure "AlertModeOnly" is set to false.

Attached File(s)
File Type: ex4 TMS_V17_MTF.ex4   159 KB | 639 downloads
  • #1,579
  • Edited 2:56pm Oct 19, 2011 2:43pm | Edited 2:56pm
Quoting seller9
Try this latest version 17, I added a delay on the alerts.
As you can see in the previous post I was not getting the continuous alerts with this version.

Also make sure "AlertModeOnly" is set to false.

Attachment
Closed the Terminal, deleted the old ea and put the new one into the folder, restarted the terminal and verified that AlertModeOnly is set to false. It immediately popped up the same alert. The odd thing is that it is not moving the stop loss. I checked the StopLevel and it is 2.0 pips and the previous candles are much farther away.

OK It only alerted once. If it is trying to set the stop to the previous candle low then the price is invalid as the current price is higher than the low.

Thanks!
  • #1,580
  • Oct 19, 2011 4:04pm Oct 19, 2011 4:04pm
Here are three of the trades that were posted above all on the same Pair and one right after the other. Left a lot on the table but still good scalping trades. All three trades shown in first image. Next images are screen shots when each trade was placed.

I had the time to trade as 24 hours when doing these trades but after looking over the times of the trades I have changed my time to be 0:00 to 11:00 AM CST, as I want to stay in the time frame where most of the action is. Also since that last trade no new trades have been placed, showing no need to trade durring the slow periods, I want all the action I can get for the quick scalp.

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