Trading Made Simple EA by Guess Whom | Page 83 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple the right way, and other trading lessons 334 replies

to whom it may concern 23 replies

Whom to trade CFDs with? 5 replies

Who is copying whom? 8 replies

If we trade "off-exchange", with whom do we "exchange" with? 3 replies

Attachments: Trading Made Simple EA by Guess Whom
Exit Attachments

Trading Made Simple EA by Guess Whom

  • #1,641
  • Oct 21, 2011 9:59am Oct 21, 2011 9:59am
I've set up 3 TMS SCALPER demos as per seller9's setfiles.

One in H1, one in M15 and one in M5.

They're on this link in case anyone wants to track:
http://www.myfxbook.com/members/acostafulano
  • #1,642
  • Oct 21, 2011 10:03am Oct 21, 2011 10:03am
thanks for the reply
as i suggested earliar
we need to sleep the bot does not remove the sleep feature altogether
thanks again
A good trader follows his rules, but great trader knows when to break them
  • #1,643
  • Oct 21, 2011 10:04am Oct 21, 2011 10:04am
Quoting Star178
Candle 2 trade set at 15M.

If I set it to 60, it will not fall asleep!

Try it out tomorrow.
If your going to set the trade window as long as the candle time then just set it to false, no need to use it. It is used just to replicate a BigE trade being looked at every 4 hours for a few minutes. If you want to trade for the entire candle just set it to false and it will not affect the trade. Then as long as the robot is not suspended it will trade. Some traders didn't like a trade being made further into the second candle and only wanted it at or near the beginning, so thats why that was added.
One other thing is if you jump between time periods on the same chart and you are using the Trade Window the Robot will go to sleep and wait for the next candle to open to start the window up again. I will look into changing this in the next version so if this window is open it does not close when moving between different periods on the same chart.
  • #1,644
  • Oct 21, 2011 10:07am Oct 21, 2011 10:07am
Quoting acostafulano
I've set up 3 TMS SCALPER demos as per seller9's setfiles.

One in H1, one in M15 and one in M5.

They're on this link in case anyone wants to track:
http://www.myfxbook.com/members/acostafulano
That set file was only for the H1 and will not work very well on the other shorter time frames.

Thanks for the input and graphs
  • #1,645
  • Oct 21, 2011 10:16am Oct 21, 2011 10:16am
Here are a few things I am looking at for the next version, which will be a while as a lot of changes in the present version that need to be checked out.

1) Add close all open trades after a set time or day.
2) Fix the trade window so it doesn't sleep when moving between different chart periods.
3) Add Hidden TP and SL, this may help when trying to scalp the shorter periods with smaller TP and SL settings that are too close to the price for the Broker to accept. You will still send ones for safety along with the trade but the real ones will be hidden, of course your computer will need to stay connected to your Broker for this to work. I haven't tried the ones that were in the original EA and are still in this one, has anyone else used them? If they work OK then no need to do this.
  • #1,646
  • Oct 21, 2011 10:16am Oct 21, 2011 10:16am
Quoting seller9
That set file was only for the H1 and will not work very well on the other shorter time frames.

Thanks for the input and graphs
I've tweaked around the settings a little, I'll let you guys know how it performs
  • #1,647
  • Edited 1:45pm Oct 21, 2011 1:32pm | Edited 1:45pm
Quoting seller9
Thats right, if you want it to trade for the entire time of the candle set it to false, it still trades but does not use the Trade Window. The information line under the candle clock only referes to the trade window. When it says "Trade Window Not Active" that means your not using the trade window but you are still trading. The second information line under the candle clock tells you what the robot is really doing. The trade window is just used to mimic BigEs method, get up every 4 hours check charts for crosses then go back to bed and repeat...
this means i understood it wrong, on some of my testings i put Tradewindow to TRUE with the option "UseCandle2TradeWindow" to 1min so it was only looking for a trade for 1 min in that new window, i thought it was the contrary LOL !!! i was sure it was gonna start looking for a trade after the 1min of the new candle, no wonder i was missing some trades

thanks for the clarification but i must say it's a really good setting tho, very usefull on higher timeframes, don't need to get up in the middle of the night
Don't forget Practice + Patience + Persistence = Profits
  • #1,648
  • Edited 1:47pm Oct 21, 2011 1:36pm | Edited 1:47pm
Quoting seller9
Here are a few things I am looking at for the next version, which will be a while as a lot of changes in the present version that need to be checked out.

1) Add close all open trades after a set time or day.
2) Fix the trade window so it doesn't sleep when moving between different chart periods.
3) Add Hidden TP and SL, this may help when trying to scalp the shorter periods with smaller TP and SL settings that are too close to the price for the Broker to accept. You will still send ones for safety along with the trade but the real ones will be hidden, of course your computer will need to stay connected to your Broker for this to work. I haven't tried the ones that were in the original EA and are still in this one, has anyone else used them? If they work OK then no need to do this.
could #3 be applied to the CandleTrailing stop ?

also another idea for an extra CLOSE setting if possible but not necessary CCI retraces to 100 level or level specified in the trigger option to CLOSE trade ? but the TDI close settings has similar results, thats why i say it's not necessary.
Don't forget Practice + Patience + Persistence = Profits
  • #1,649
  • Oct 21, 2011 2:19pm Oct 21, 2011 2:19pm
Quoting maxzeus
could #3 be applied to the CandleTrailing stop ?

also another idea for an extra CLOSE setting if possible but not necessary CCI retraces to 100 level or level specified in the trigger option to CLOSE trade ? but the TDI close settings has similar results, thats why i say it's not necessary.
Thank you Seller9 for your hard work, can u please add this extra close option that maxzeus talks?
I have been testing your work for 3 weeks and i think the main problem in my set is in the exits..
Tried the 5LWMA on cross with no sucess, i cannot make good settings in TDI Cross with MA5 close or PA, but the MA5 and the candleopenwindow are excellent extra options to have.
Some of the other close options tend to only activate in my trades after slicing a large portion of the winnings..
Got to try harder so i can start share some results and set files with u guys.
Live with no regrets
  • #1,650
  • Oct 21, 2011 4:10pm Oct 21, 2011 4:10pm
Quoting indy221
Thank you Seller9 for your hard work, can u please add this extra close option that maxzeus talks?
I have been testing your work for 3 weeks and i think the main problem in my set is in the exits..
Tried the 5LWMA on cross with no sucess, i cannot make good settings in TDI Cross with MA5 close or PA, but the MA5 and the candleopenwindow are excellent extra options to have.
Some of the other close options tend to only activate in my trades after slicing a large portion of the winnings..
Got to try harder so i can start share some results and set...
I have also been looking for a good way to close so I can let the winners run. I just started a test to day using the LWMA5 Close with no shift as a close. When it flattens between the previous 2 candles it closes the trade. I tried it a little today on the M1 just to see if it worked and it did a good job. It got into one trade that lasted for about 15 minutes and took it all the way to the end before closeing. Willl need to see how it works on the H1. So next week I will let it run the week on H1 charts and see what it does. That way I just set the initial SL at 2.0 for a multiplier for safety and leave the Take Profit settings at zero, so hopefully it will run until the LWMA5 reverses and closes the trade, will see next week. So far it seems the EA does a good job of oppening the trades but just needs a way to get all the pips we can out of the trade before it closes, or if it reverses than get out with minimum loss.
  • #1,651
  • Edited 5:16pm Oct 21, 2011 4:49pm | Edited 5:16pm
Quoting seller9
I have also been looking for a good way to close so I can let the winners run. I just started a test to day using the LWMA5 Close with no shift as a close. When it flattens between the previous 2 candles it closes the trade. I tried it a little today on the M1 just to see if it worked and it did a good job. It got into one trade that lasted for about 15 minutes and took it all the way to the end before closeing. Willl need to see how it works on the H1. So next week I will let it run the week on H1 charts and see what it does. That way I just set...
just by looking at the charts on the longer TImeframes H1 and over i find the CandleColorChange is also good for closing trades, did'nt test the 5LWMA but i was testing it for the Entry's but it's similar to my 5emaclose, so i disabled it.

now since i now understand the CandleWindow settings maybe i'll get more trades


but as you mentionned in post #1645 about the Hidden SL could it be applied to the CandleTrailing stop ?
Don't forget Practice + Patience + Persistence = Profits
  • #1,652
  • Oct 21, 2011 5:35pm Oct 21, 2011 5:35pm
dont be cheated by robot forex....
  • #1,653
  • Oct 21, 2011 5:44pm Oct 21, 2011 5:44pm
Quoting fayme7
dont be cheated by robot forex....
it's more like this

DON'T BE CHEATED BY THE DEALER DESK STOP HUNTER BROKERS

we know what we're doiing but thanks for your concern and advice
Don't forget Practice + Patience + Persistence = Profits
  • #1,654
  • Oct 21, 2011 7:21pm Oct 21, 2011 7:21pm
Quoting fayme7
dont be cheated by robot forex....
how can you be cheated by something that's given for free?

seriously though, if you know the original system so you can monitor the EA and manually intervent, it cuts a lot of the risk as opposed to people who just set and forget an EA on live accounts without testing on demo
  • #1,655
  • Oct 22, 2011 12:31am Oct 22, 2011 12:31am
Quoting sdsander
I see you like to trade Forex, I want to know if you have had much success at forex trading, if so were does one get a good foundation. second, which broker is most favorable?

thanks
Hy sdsander, tried to PM you, doesnt work ... will not clutter this thread, to keep it short, my broker is dukascopy (which is -not- a mt4 broker, for mt4 use you need that 3dr party bridge (which works fine))

more questions? send email at my nickname at yahoo.de

greetings,
Dietmar (DL4HAO)
  • #1,656
  • Oct 22, 2011 2:13am Oct 22, 2011 2:13am
Quoting seller9
Once every minute.
Its been working Ok for me.
Hmm.... You might want to shorten it. SL is easily hit if it is set too close. 20 seconds might be better to update the SL/TP price.

Great jobs. Thanks.
  • #1,657
  • Oct 22, 2011 2:30am Oct 22, 2011 2:30am
Well, tried new settings with just TDI cross plus slope. Not so bad. See pics. Set file included.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-21-10-Result.jpg Size: 30 KB

Attached Image (click to enlarge)
Click to Enlarge Name: TMS-21-10-EURUSD.jpg Size: 155 KB


Attached File(s)
File Type: txt tms17-M30-crosstrend.txt   4 KB | 321 downloads
  • #1,658
  • Oct 22, 2011 7:11am Oct 22, 2011 7:11am
Klau Hello, I read your post and got 30M set file. I can change TF ? I'd be interested, is very simple
p.e : Trade 1H period - Trend period 4H - Trade Period 4H - Trend Period 1H ?
I'll try opening the market, while good rest and good Sunday
  • #1,659
  • Oct 22, 2011 8:51am Oct 22, 2011 8:51am
Quoting caravan
Klau Hello, I read your post and got 30M set file. I can change TF ? I'd be interested, is very simple
p.e : Trade 1H period - Trend period 4H - Trade Period 4H - Trend Period 1H ?
I'll try opening the market, while good rest and good Sunday
Tested it only on M15 & M30. Lost a lot in M15. That's why I tried on M30 and got the desired results. Review back history, H1 is ok, but the entry is a bit slow. You will miss a good start if the market is good. With M30, it's already a little late.
  • #1,660
  • Oct 22, 2011 10:06am Oct 22, 2011 10:06am
Quoting klau
Tested it only on M15 & M30. Lost a lot in M15. That's why I tried on M30 and got the desired results. Review back history, H1 is ok, but the entry is a bit slow. You will miss a good start if the market is good. With M30, it's already a little late.
If you want faster entry set "UseDynamicTDIentry=1" then it won't wait for a confirmed TDI cross after the candle close but will look for the cross anytime durring a candle.

You may get wipsawed back and forth though.
1 trader viewing now