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Trading Made Simple EA by Guess Whom

  • #1,941
  • Oct 28, 2011 12:16pm Oct 28, 2011 12:16pm
Quoting Pbh
and exit.... so, that works , alright
  • #1,942
  • Oct 28, 2011 12:28pm Oct 28, 2011 12:28pm
Hi all.
I found the universal MA cross EA. but there is no option in t to choose a time frame. how we can set the time frame?
do you know any MA Cross Expert Advisor that works on two Moving Average cross and also we can customize the timeframe? also if additionally we can set the TF less than M1 is better. dor example Tie Frame of 12 Seconds or 2 seconds.
Thanx in idvance
Rider of BIIIIG Moves!
  • #1,943
  • Oct 28, 2011 2:02pm Oct 28, 2011 2:02pm
@ Seller9

First of all, thanks for this great EA that is working well with your H1 set on my demo. Great stuff.

Now I have a couple of things I was wondering whether you would consider adding:




(1) (I have raised this before, so please ignore if it is already on your list) In the case where we are trading the same TMS EA on a number of different currencies, each with its own chart, I would like to be able to restrict the number of simultaneously running open trades to a user-defined number.

There are 2 reasons a user may wish to use this: First, currency moves can often be correlated. So if I have three trades on three correlated currencies running concurrently, then I am effectively taking 3 x the risk on one market move.

The second reason is this: Say I am running two different sets. I don't want to have 2 trades running on the same pair at the same time (especially if my Crim does not allow simultaneous opposite direction trades) each triggered by one of these different set files.

What I propose is this for settings:

 

  1. Max number of open trades per pair
  2. Max number of total open trades

In each case, a setting of "0" would mean the bot would ignore this setting.

So if I have item 1 above set to "1", and I had say two instances of the bot with different settings trading then: Say instance one sends a buy EURUSD trade. This trade is opened. Now 33 minutes later, instance two has all signals confirmed for a buy trade on EURUSD. However, before opening the trade, it checks the currently open trades and finds there is already an open EURUSD trade in place - so it then does not send its own live trade.

If item 2 above is set to "2" and I have and AUDUSD buy and a USDCHF sell open already, then if for example a EURJPY sell set up occurs, it would find that the total number of all currency pair trades currently open is 2, and so it would not send its own trade.

(2) An option to allow the closing condition to kick in only after a certain number of pips / a certain amount of ATR has been covered.

Now, what I mean is this: Right now you can set the bot to close on things like the TDI going flat, or the candle color changing. However, at present these conditions are allowed to trigger at any time to close the trade.

With the suggested addition above, we would be able to select to only allow trade closure under these conditions if the trade had already moved a certain number of pips or ATR distance into profit already.

What this would allow us to do is to let the trade run more effectively without stifling it as it is just getting going.

So, right now price action might falter shortly after entry, resulting in a trigger like one of these closing the trade for a small loss or small profit, but after that the price action was such that it would have gone one to win a decent amount.

On the flip side, if we want to let our trades run, we need to set a quite distant TP, which we cannot always be sure it will actually reach.

With this setting I could say set my SL at 1.5 * ATR and TP at 3 * ATR, and then I would then say (for example) that I did not want the bot to close trades based on any of those conditions - TDI cross, price candle changing color etc) until the trade had moved at least 1 * ATR into profit.




I hope this makes some kind of sense. Do filter these requests to decide if you think they are worthwhile.

Thanks again for your hard work.

Cheers

Invisible

  • #1,944
  • Oct 28, 2011 6:30pm Oct 28, 2011 6:30pm
Quoting Invisible

  1. Max number of open trades per pair
  2. Max number of total open trades

In each case, a setting of "0" would mean the bot would ignore this setting.

So if I have item 1 above set to "1", and I had say two instances of the bot with different settings trading then: Say instance one sends a buy EURUSD trade. This trade is opened. Now 33 minutes later, instance two has all signals confirmed for a buy trade on EURUSD. However, before opening the trade, it checks the currently open trades and finds there is already...


Dude... we already have that... MaxOpentrades just set it to truee in the settings, then choose the number.

I was the one who proposed it..

I'm not invisible, I'm Pedro Blas, lol
  • #1,945
  • Oct 28, 2011 6:36pm Oct 28, 2011 6:36pm
Quoting Pbh
Dude... we already have that... MaxOpentrades just set it to truee in the settings, then choose the number.

I was the one who proposed it..

I'm not invisible, I'm Pedro Blas, lol
I tried that. It only works per pair, not globally.
  • #1,946
  • Oct 28, 2011 6:43pm Oct 28, 2011 6:43pm
Quoting fxshadow
I tried that. It only works per pair, not globally.
oh... so you want it GLOBALLY? I think it's better to have it per pair... because a ranging pair can beat your GBPJPY entries (therefore, opportunities)...

and... if it is globally, it would have a serious effect on your manual trades

Pbh
  • #1,947
  • Oct 28, 2011 6:50pm Oct 28, 2011 6:50pm
Maybe we can have both? Globally allows you to manage your margin better.

You are asking for unintended consequences when you trade manually on the same account that and EA is running on.
  • #1,948
  • Oct 28, 2011 9:02pm Oct 28, 2011 9:02pm
I would like it to be applied globally, and it can be restricted to the EA trades only by having it reference the magic number so that it will not interfere with other trades.

I made my suggestion here, but perhaps I did not make it clearly enough.

(I did check the manual before I posted above as I had thought that it was already global, but then when I read the manual I realized that this was not the case.)
  • #1,949
  • Oct 29, 2011 3:43am Oct 29, 2011 3:43am
Quoting Invisible
I would like it to be applied globally, and it can be restricted to the EA trades only by having it reference the magic number so that it will not interfere with other trades.

I made my suggestion here, but perhaps I did not make it clearly enough.

(I did check the manual before I posted above as I had thought that it was already global, but then when I read the manual I realized that this was not the case.)
Sounds for me , like "Jerry Springer " Show.
  • #1,950
  • Oct 29, 2011 4:17am Oct 29, 2011 4:17am
Quoting Invisible
@ Seller9
There are 2 reasons a user may wish to use this: First, currency moves can often be correlated. So if I have three trades on three correlated currencies running concurrently, then I am effectively taking 3 x the risk on one market move.
Steve Hopwood uses this in all of his EAs, called "Zeljco", so the code could be implemented into TMS EA.

To quote from Steves, Hanover EA manual...

"Trade balance filters: these help you to avoid entering trades that could prove detrimental if the market turns against you for a particular currency, and to avoid entering trades at news-release times.
◦ UseZeljko: named after Zeljco who corrected the code for this filter and made it work. This filter ensures 'balanced' trading. The easiest way to describe it is to use hypothetical trades. Imagine that:

1. this EA buys GBPUSD.
2. this EA buys GBPJPY. You are now heavily exposed to GBP.
3. Something unexpected happens (and something unexpected always
happens in Forex) and the pound plummets, dropping like a stone into
the abyss. Both your trades scream into huge drawdown.
4. To avoid this, having taken the GBPUSD trade, this EA will not buy
another GBPxxx pair. Imagine instead that a Sell GBPJPY trade arises,
just before the market plummets. This time, your GU trade is screaming
into the abyss, but your GJ trade is going stratospheric. One trade
'balances' the other in the event of something dramatic happening.

◦ OnlyTradeCurrencyTwice: works in conjunction with UseZeljko. Again, imagine the above scenario nos 1 & 4. Now you have a GU Buy and a GJ sell open – perfectly balanced trades. If you now further trade any pair involving GBP, you will unbalance your trading again, leaving you exposed to unexpected events. This filter prevents a third trade being opened involving GBP."

Cheers,

Yamez.
  • #1,951
  • Oct 29, 2011 4:36am Oct 29, 2011 4:36am
Quoting yamez
Steve Hopwood uses this in all of his EAs, called "Zeljco", so the code could be implemented into TMS EA.
Totally agree. The Zeijco thing could come handy.

And also, what i'm missing would be a scalper originated MM: auto lot size based on eq / balance percent (with that, a %based SL could be useful too).

Seller9: Have you seen Steves new Spider EA? It uses Hannover module to check for strong/weak currency pairs to trade with. I know that this thing is new, but could be worth a go.

Best regards and have a good weekend!
  • #1,952
  • Oct 29, 2011 9:34am Oct 29, 2011 9:34am
Yes, you are right about Steve's EA code.

I am only a tinkerer rather than a programmer, but I think the issue with using that would be is that those EAs are multiple currency traders. In other words, you have 1 EA instance that is making orders on many different pairs and managing them "all under one roof" so to speak.

With this EA (as currently written) you have to have a single EA instance per pair, so with 10 pairs running, you have 10 instances of the EA running also instead of just 1.

That said, I think Seller9 could implement some kind similar method in this EA, but I am not sure how easy it would be to simply lift that code and re-use it.

Seller9 is clearly a good programmer, so I am merely suggesting the output I would like rather than the method to do it.

Anyway, apart from X58's comment, these are all positive contributions to add into the mix, so let's keep them flowing guys.

Cheers

Invisible
  • #1,953
  • Oct 29, 2011 9:37pm Oct 29, 2011 9:37pm
Quoting seller9
Any luck with any set files using the CCI yet? I haven't had time to try any yet, seem we are getting close to indicator overload.

What happened to trading made simple? LOL
I agree. I must congratulate you on producing a very comprehensive EA here, you are clearly a very competent coder.

FF is full of talented traders who have manged to find their own profitable system. Each system suits a particular character and that is why not everyone can trade the system in the same profitable way the author and the thread starter does. TMS which is a variation of the synergy system seems to be an exception and has gathered a large following and a large number of traders are using it successfully. As STEVE says an EA can only have a chance to be profitable if the system which it is based on is profitable. That is why I think he should give this thread more attention.

I had your EA on demo for couple of weeks and on Thursday I went live with it. Thus far had three winder for total of 48 pips and no losers. I think STEVE should consider giving this thread more attention since it is proving to have legs (thanks to you in particular). I am using your set file since it is very close to the original concept of TMS. I can see no other improvement other than the inclusion of the HANOVER module. Hanover`s Recent strength indicator has proved to be very useful and I suggest you visit Steve`s Hanover thread in order to judge for yourself.

Kind Regards
  • #1,954
  • Oct 30, 2011 3:10am Oct 30, 2011 3:10am
Quoting astral77

...I am using your set file since it is very close to the original concept of TMS...
hi astral77

would you mind sharing your set file that you say 'very close to the original concept of TMS'.?? is that same with seller set file??

thanks
  • #1,955
  • Oct 30, 2011 9:58am Oct 30, 2011 9:58am
Quoting tribe
hi astral77
would you mind sharing your set file that you say 'very close to the original concept of TMS'.?? is that same with seller set file??
thanks
It is exactly the same. The only thing I changed was the time settings because I am in GMT.
Kind regards
  • #1,956
  • Oct 30, 2011 11:15am Oct 30, 2011 11:15am
Quoting maxzeus
Rename this EA to TRADING MADE MULTI SIMPLE
  • #1,957
  • Oct 30, 2011 4:09pm Oct 30, 2011 4:09pm
Quoting blazko
Totally agree. The Zeijco thing could come handy.

And also, what i'm missing would be a scalper originated MM: auto lot size based on eq / balance percent (with that, a %based SL could be useful too).

Seller9: Have you seen Steves new Spider EA? It uses Hannover module to check for strong/weak currency pairs to trade with. I know that this thing is new, but could be worth a go.

Best regards and have a good weekend!
I have been working on something similar that will display a bar graph that shows the strength difference between the pair you have the EA on and shows you which dirrection to trade. I had something similar to this in an EA a year or so ago but I lost interest and it looked like PA showed everything anyway, but will give it a go and see what happens. This version is part of the EA so it doesn't require anything extra other than cpu usage, which I think I will have it so it only updates every 5 minutes to save on the cpu. So far I am using just 7 currencies to create a Strength array for comparison and then create the bar graph comparing the chart pair to the over all strength they are to each other in comparison to the other currencies. The final version will use all currencies available with your Broker. I will be testing this limited version this week just to see if it will make any difference on any of the trades. I will not use it as a part of the trade alert yet but just want to see what it is telling me at the moment any trade is taken. Below is a screen shot of what it looks like showing a sell condtion. If everything goes good it may be in the next version if it proves it can help on a trade.

Attached Image
  • #1,958
  • Oct 30, 2011 4:51pm Oct 30, 2011 4:51pm
Quoting seller9
I have been working on something similar that will display a bar graph that shows the strength difference between the pair you have the EA on and shows you which dirrection to trade...
It seems you are few steps ahead of us. I would be most grateful if you could have a look at the code of Steve`s Hanover module as well as Hanover`s Recent Strength Indicator to see if it is better to what you have.

If you decide on the strength module could you please make the TF user selectable if it is not mtf.

Thank you once again for this comprehensive EA.

Kind regards
  • #1,959
  • Oct 30, 2011 4:53pm Oct 30, 2011 4:53pm
Quote
I have been working on something similar that will display a bar graph that shows the strength difference...

One word - "Wow!"

And if it helps with filtering trades during the coming NFP week? "Double wow!"

Cheers

Invisible
  • #1,960
  • Oct 30, 2011 9:20pm Oct 30, 2011 9:20pm
@ acostafulano

I notice your MyFXBook account just took a hit. I wonder if it was due to a gap at the start of the trading week giving a "false" signal?

I had something similar happen when I was running another set on a 24/5 basis. I guess even if we have it set to 24H trading, it is still best to wait a few hours after market open on Sunday to make sure any gaps don't catch us out.

I love demos!

Invisible
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