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Trading Made Simple EA by Guess Whom

  • #2,041
  • Nov 4, 2011 12:56pm Nov 4, 2011 12:56pm
Quoting Invisible
Still running Seller9 H1 set but with 1* ATR SL with the 0.5 TP. Not a lot of trades this week, but still going well.
hey i'am still running this, too. with 1.1 atr SL.

i had an idea about this scalping setting to cut out the most of the losers. will have to run it one more week to get confirmation if this idea was a good one....

my reversal sets are still running with different settings. two of them are doing well this wild week. not very good, but also no big losses. i'am curious about the next week(s)....
  • #2,042
  • Nov 4, 2011 2:01pm Nov 4, 2011 2:01pm
Quoting fivex
starting to take shape.
Hello, I have attached chart where you point out TMS V10 (green) a parameter different from mine. (default) because I do not party, I would like to know if you can depend on it. thanks


TF H4
Attached Image (click to enlarge)
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  • #2,043
  • Nov 4, 2011 2:03pm Nov 4, 2011 2:03pm
Quoting blazko
I already got sets for it (4h, d1, w1) and will be running them from monday on EU and GU with spider EA by Steve.
Is anyone using any Threshold settings?????
  • #2,044
  • Nov 4, 2011 3:51pm Nov 4, 2011 3:51pm
Quoting seller9
Is anyone using any Threshold settings?????
Havent tried yet. Just played around with SlopeConfirmationCanlde (+1), and that kept me away from even more trades
  • #2,045
  • Nov 4, 2011 5:21pm Nov 4, 2011 5:21pm
Quoting seller9
Is anyone using any Threshold settings?????
which one of the settings do you mean by that ?

im testing several stuff just want to make sure which one your talking about
Don't forget Practice + Patience + Persistence = Profits
  • #2,046
  • Nov 4, 2011 7:20pm Nov 4, 2011 7:20pm
Quoting maxzeus
which one of the settings do you mean by that ?

im testing several stuff just want to make sure which one your talking about
There are threshold settings that you can set on a scale of 0 to 100 to set the points where you want the stronget to be above or the weakest to be below. In the example below the strongest would have to be above 50 and the weakest below 50. 50 is the center with 0 at the bottom and 100 at the top.

Attached Image (click to enlarge)
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  • #2,047
  • Nov 4, 2011 7:40pm Nov 4, 2011 7:40pm
Quoting seller9
There are threshold settings that you can set on a scale of 0 to 100 to set the points where you want the stronget to be above or the weakest to be below. In the example below the strongest would have to be above 50 and the weakest below 50. 50 is the center with 0 at the bottom and 100 at the top.

Attachment

Attachment
ahhhh no wonder, your talking about something that's not in the EA yet

well me with the CCfp i use the center as a threshold which is 50 in Hanovers Recent Strengh, i would probably put 40/60 as threshold, so anything between that would be neutral IMV

also i look for crosses on single currencies to give signals
Don't forget Practice + Patience + Persistence = Profits
  • #2,048
  • Nov 4, 2011 8:23pm Nov 4, 2011 8:23pm
Quoting seller9
Is anyone using any Threshold settings?????
trying to figure out what or where is Last Candle Close ? because i see it could of saved me some losses, but can't seem to find the settings for it


also to report a Display bug "LWMA5 cross ema5" shows as active when "Show all Alerts is set to TRUE even if i did'nt select TRUE in my Trade confirmations
Attached Image
Don't forget Practice + Patience + Persistence = Profits
  • #2,049
  • Nov 4, 2011 9:43pm Nov 4, 2011 9:43pm
Quoting maxzeus
trying to figure out what or where is Last Candle Close ? because i see it could of saved me some losses, but can't seem to find the settings for it


also to report a Display bug "LWMA5 cross ema5" shows as active when "Show all Alerts is set to TRUE even if i did'nt select TRUE in my Trade confirmations
Last Candle Close:
When candle closes above or below the 5ema:
Settings:
Use5emaPA==false
Use5emaCandleClose==true

Fixed alert color, typo error.
  • #2,050
  • Nov 5, 2011 1:21pm Nov 5, 2011 1:21pm
Quoting seller9
Last Candle Close:
When candle closes above or below the 5ema:
Settings:
Use5emaPA==false
Use5emaCandleClose==true

Fixed alert color, typo error.
ok thanks i already have my settings like that basically it's just looking at the previous candle in regards of the Use5emaCandleClose

Don't forget Practice + Patience + Persistence = Profits
  • #2,051
  • Edited 2:13pm Nov 5, 2011 1:55pm | Edited 2:13pm
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
To all in the US, and Canada using specific time settings, dont forget Daylight Saving ends tomorrow, and the EA's time zones are based off your local time. Will it effect it????
  • #2,052
  • Nov 5, 2011 6:19pm Nov 5, 2011 6:19pm
Entry
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  • #2,053
  • Nov 5, 2011 6:21pm Nov 5, 2011 6:21pm
Exit
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  • #2,054
  • Nov 5, 2011 6:39pm Nov 5, 2011 6:39pm
Quoting caravan
Hello, I have attached chart where you point out TMS V10 (green) a parameter different from mine. (default) because I do not party, I would like to know if you can depend on it. thanks


TF H4
On fivex's chart and your chart that setting is grayed out which means it is not being used, so the setting does not matter. Only the settings in "Orange" are being used to signal a trade.

Good Luck
  • #2,055
  • Nov 5, 2011 6:43pm Nov 5, 2011 6:43pm
Interesting week ahead
Real testing begins, since the first week of the month is always hard to trade

Pbh
  • #2,056
  • Nov 5, 2011 9:28pm Nov 5, 2011 9:28pm
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
Quoting Pbh
Interesting week ahead
Real testing begins, since the first week of the month is always hard to trade

Pbh
also we are 1/2 (.5 for you euros) way into the last 2011 quarter.
I think big spenders are trying to bury profits, not make them.
  • #2,057
  • Nov 5, 2011 11:10pm Nov 5, 2011 11:10pm
Quoting fivex
also we are 1/2 (.5 for you euros) way into the last 2011 quarter.
yeah.. I'm getting old...
will turn 15 on january

But I'm also excited, because I might start trading more, with a wider economic understanding.
  • #2,058
  • Nov 6, 2011 12:05am Nov 6, 2011 12:05am
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
Quoting Pbh
yeah.. I'm getting old...
will turn 15 on january

But I'm also excited, because I might start trading more, with a wider economic understanding.
WHOH buddy! I was just saying its the end of the year and things get loco with large firms.(from what i have heard)
You honestly have one of the firmest grasps on the market and its "sentiment" as anyone I have ever "met", and if you are just turning 15 my jaw just hit the floor.
  • #2,059
  • Nov 6, 2011 7:47am Nov 6, 2011 7:47am
Just wondering how you would avoid a lot of false entries and exits in the previous charts you show when going by your entry and exit rules??
Below are screen shots of a short trade that would meet the rules but should not have been taken. Looking back through the same chart it seems there are quite a few of these.

Long Entry:

In the 15min chart, the 5SMA has to cross the 10SMA, and the TDI green line has to be above the red one - These are the 15min confirmations (but won't execute a trade yet).

Then the EA looks at the 5min chart, and the 5SMA has to be above the 10SMA too, and the TDI green line has to be above the red one also.

Now it switches to the 1min chart, and looks at the same confirmations (5SMA above 10SMA, and green TDI line above red line) and executes a trade.

Long Exit:

For the exit, it doesn't look at the 15min chart anymore... it only needs the 5min 5SMA to cross over the 10SMA.
Then it looks at the 1min 5SMA to be below the 10SMA as a confirmation, and closes the trade.
No TDI involved.
Only trades candle closes

Below is shown a short trade by the rules.

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  • #2,060
  • Nov 6, 2011 8:37am Nov 6, 2011 8:37am
I have added Hanover to the TMS EA and will be doing some tests this week to see what difference it will make. I will be using my H1 scalping settings with a Hanover of D1 added. I will also use a Strong Threshold of 60 and a Weak Threshold of 40. This means the strength must be above 60 for the strong currency and below 40 for the weak currency. I will also be using a slope setting of 1, the slope must be going up for the strong currency and down for the weak currency also before Hanover will issue a signal. Below are a couple screen shots showing the Daily Recent Strength graph and then a chart showing how the EA shows what it is getting from Hanover. Look at the graph and see what AUDUSD is showing and then look at the EA and see how it is displaying it. You can see AUDUSD would be showing a BUY if it wasn't for the slope of the USD currency.

Edir: When looking at the Bar Graph in the EA of Hanover the strong currency will always be at the right end of the Bar Graph, Green to the right and Red to the left. So this arrangement may not match the normal order of the currency pair, I hope that makes sence.

I hope I am doing this right, if not please comment so I can get it corrected before I release the next TMS version.

Attached Image (click to enlarge)
Click to Enlarge Name: Recent_Strength.gif Size: 29 KB


Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd.gif Size: 54 KB
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