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Trading Made Simple EA by Guess Whom

  • #2,161
  • Nov 13, 2011 10:50am Nov 13, 2011 10:50am
Please can you tell me roughly how many pips you get on a weekly basis using the 15m file set and also the 4hr?
I've just installed the ea v19 and it looks very good. Thanks to everyone for their work in developing it.

Thanks

RT
  • #2,162
  • Nov 13, 2011 11:25am Nov 13, 2011 11:25am
Quoting seller9
Do you have the box checked??

Attachment
Thanks. I'm lol))
  • #2,163
  • Edited 3:03pm Nov 13, 2011 2:40pm | Edited 3:03pm
Quoting ill_be_back
hello seller9
what would be a good addition to this would be a tightining stop & jumpin take profit
for e.g
take profit = user input let's say 100
tightning stop 50% = user input let's say 35
tightning stop 80% = user input let's say 20
now when the price moves in ur direction the stops move accordingly (this is already there in steve's multi trade manager)
now when the price moves to ur target of 100 ur out, so if we had a jumpin take profit & the price keeps moving in ur direction to 85% or 90% the jumpin take profit would move to = user input...
it's already has those setting or similar, i use mainly the SL with CandleTrailingStop and i have my CLOSURE signals settings to close the trade to lock in the most profits if a reversal or when a change in Trend takes place, the TP multiplier i also use depending on the strategy it's good for Scalping or Consistent target pip profits, but theres more options that can be used, than whats in some of Hopwood's EA's

The Jumping SL settings can be used as Jumping TP as seen below.

Quote
TPmultiplier=2.00000000 (can specify a TP multiplier)
StopLoss5ma=0
SLmultiplier=1.00000000 (can specify a SL multiplier)
UseLastFractalSL=0

--------------------------------------------

-Trade Closure Signals-
UseDynamicTDIcrossClose=0
UseTdiCloseONcross=0
UseTdiCloseONflat=1
UseTdiCloseONneg=0
Use5emaCandleClosed=1
Use5emaPAC=0
UseCandleColorChangeClose=1
UseHHorLL=0
Use5LWMAcross=1
UseProfitAmount=0
UseLossAmount=0

-Trade Management Settings-
UseCandlestickTrailingStop=1
CandleStickTrailingStopBarsBack=2 (H1 and higher i put 1 candletrailing)
CandleStickTSpipOffset=10
CandleStickBEpipOffset=30

OR

BE=Break even settings
BreakEven=1
BreakEvenPips=20
BreakEvenProfit=5
HideBreakEvenStop=1
PipsAwayFromVisualBE=5
JSL=Jumping stop loss settings
JumpingStop=1
JumpingStopPips=30
AddBEP=1
JumpAfterBreakevenOnly=1
HideJumpingStop=0
PipsAwayFromVisualJS=10
TSL=Trailing stop loss settings
TrailingStop=0
TrailingStopPips=50
HideTrailingStop=0
PipsAwayFromVisualTS=10
TrailAfterBreakevenOnly=0
StopTrailAtPipsProfit=0
StopTrailPips=0
hsl1=Hidden stop loss settings
HideStopLossEnabled=0
HiddenStopLossPips=100
htp=Hidden take profit settings
HideTakeProfitEnabled=0
HiddenTakeProfitPips=90
Don't forget Practice + Patience + Persistence = Profits
  • #2,164
  • Nov 13, 2011 8:45pm Nov 13, 2011 8:45pm
Quoting RougeTrader
Please can you tell me roughly how many pips you get on a weekly basis using the 15m file set and also the 4hr?
Please can you tell me roughly how much effort are you going to put on a weekly basis to get pips using the 15m file set and also the 4hr?

It's hard to say, since I'm a fundamental trader.
  • #2,165
  • Nov 13, 2011 10:07pm Nov 13, 2011 10:07pm
Quoting maxzeus
it's already has those setting or similar, i use mainly the SL with CandleTrailingStop and i have my CLOSURE signals settings to close the trade to lock in the most profits if a reversal or when a change in Trend takes place, the TP multiplier i also use depending on the strategy it's good for Scalping or Consistent target pip profits, but theres more options that can be used, than whats in some of Hopwood's EA's

The Jumping SL settings can be used as Jumping TP as seen below.
thanks for the reply
will try that
couple of pages ago we saw that the loses were big & were looking at cutting loses, i am trying to make the win bigger so that win to loss ratio would be bigger
thanks again will look into jumping stop
A good trader follows his rules, but great trader knows when to break them
  • #2,166
  • Nov 13, 2011 11:07pm Nov 13, 2011 11:07pm
Quoting bfis108137
Hi Seller,

Thank you for everything. Really I have never seen anyone make an EA like this. I have a few feature requests.

First, I think we really need money management. I know you have stated that you don't want to implement this until it's finished but this is already a very usable EA but it is a big hassle to constantly be changing the lot size every time my account size changes.

The second thing is along the same lines of always changing things. Every time I make a change to my template, I simply run the script to change all charts to...
The next version due probably by the end of the week if all goes well will have Risk Management where it will calculate your Lot Size based on a percentage of your account.
Other money management things may be added as we progress along.
I am also cleaning up the code and removing somethings that I feel are not needed also.

Attached Image (click to enlarge)
Click to Enlarge Name: Risk.gif Size: 35 KB
  • #2,167
  • Nov 13, 2011 11:10pm Nov 13, 2011 11:10pm
ECB buying bonds, but we still face an Empty EFSF box, so both sides... I'd be careful.

Pbh
  • #2,168
  • Nov 13, 2011 11:27pm Nov 13, 2011 11:27pm
The next TMS version will have the Recent Strength Indicator as part of it. To get a head start on using it you may want to go over to the following forum and download it and get it set up on your MT4 platform you will be using the TMS EA on. There have been some cases where it puts quite a load on the CPU. I am running a HP with a quad cpu with no problems, it starts up from scratch in just a second or two. You only need to put it on one chart, I have a separate chart with just this indicator on it and zoom it up to maximum so its easy to read. Just put it on a pair that gets a lot of tics.

http://www.forexfactory.com/showthread.php?t=163158

Below is a screen shot of what mine looks like. I will be testing it this week 5/24 on the H4 time frame, lets hope I get some good hits. It checks at the open of a new 4 hour candle for 10 minutes to see if a trade is indicated, if not it waits for the next 4 hour candle to open and checks again.

Attached Image (click to enlarge)
Click to Enlarge Name: Recent-Strength.jpg Size: 152 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.jpg Size: 143 KB
  • #2,169
  • Nov 14, 2011 1:19am Nov 14, 2011 1:19am
A small bug in the display panel of Pbh V1.
Attached Image (click to enlarge)
Click to Enlarge Name: Pbh bugs.jpg Size: 52 KB
  • #2,170
  • Nov 14, 2011 2:02am Nov 14, 2011 2:02am
Hello seller9! It would by very good when candle time at the top of settings were in form: hh:mm:ss and with actual price too. I think, many traders adds next indicator due to big actual price.
Last week i tested this EA based on yours scalping setting on EURUSD and GBPUSD only with constant 0.1 lots, 1H timeframe = 12 wins, 2 loss, total +50.23 in currency.
All full automatic.
Thanks in advance and I'm looking forward to hanover in EA.
Stick to your plan and you will be successful !!!
  • #2,171
  • Nov 14, 2011 4:18am Nov 14, 2011 4:18am
Just put in some settings and EA takes a trade on H4.

Note: setting needs refinement.
Attached Image (click to enlarge)
Click to Enlarge Name: pbh 11-14 EURUSD1.jpg Size: 130 KB
Attached File(s)
File Type: txt pbh(1) 11-14 eurusd.txt   2 KB | 359 downloads
  • #2,172
  • Nov 14, 2011 6:28am Nov 14, 2011 6:28am
Enjoy too early, cannot withstand the volatility at H4, stop out by ma Reverse Cross.

Look at the small chart 1hr 40m later the trade is in our favour.
Attached Image (click to enlarge)
Click to Enlarge Name: pbh 11-14 EURUSD [X]x.jpg Size: 276 KB
  • #2,173
  • Nov 14, 2011 6:52am Nov 14, 2011 6:52am
Here are two great posts by Hanover explaining how his currency strength indicator works and how he uses it. Thought that this would be useful for people in how this may benefit the TMS EA.

Interesting to see he says that he is not a fundamental trader and uses currency strength as a "proxy" for such. Don't think that it would beat Pbh's analysis though.

http://www.forexfactory.com/showthre...12#post5043712

http://www.forexfactory.com/showthre...30#post5064830
  • #2,174
  • Nov 14, 2011 2:11pm Nov 14, 2011 2:11pm
Quoting ^Sam
WTG Maxzeus. Can you please share your latest set file.
ok heres the original SET FILE used last week on the EPZ1 futures (sp500) i made some adjustments to it, testing it this week will post next week if they are good tweaks

Maybe even try this on Silver / Gold / Oil / Nasdaq etc... just for fun to see the results.
Attached File(s)
File Type: txt TMS_v19_30m_FuturesMax.txt   4 KB | 478 downloads
Don't forget Practice + Patience + Persistence = Profits
  • #2,175
  • Edited 3:07pm Nov 14, 2011 2:35pm | Edited 3:07pm
Quoting Star178
Enjoy too early, cannot withstand the volatility at H4, stop out by ma Reverse Cross.

Look at the small chart 1hr 40m later the trade is in our favour.
Seller has get rid of some bugs already. We ain't releasing the EA until it's perfectly finished.


Pbh
  • #2,176
  • Nov 14, 2011 3:21pm Nov 14, 2011 3:21pm
Will post results end of week after I have more data. I have it set for 5/24 trading the H4 with Hanover enabled, so far its looking good. It took 4 trades so far and 2 are still open and the 2 that closed were winners. I am just using the .5 multiplier for the TP at this time and re-entering the same trade if conditions are still good after the close of the first trade on the same pair.
Below is the one that took a trade for a profit and closed and then jumped in again and is still open on the second trade. Its not doing much right now.


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD11-14---16-0.jpg Size: 163 KB
  • #2,177
  • Nov 14, 2011 7:23pm Nov 14, 2011 7:23pm
PipKiller, nice to see you around
Unfortunately, I'm calling the end of the world now
http://www.moneyandmarkets.com/the-n...48021?FIELD9=2

Don't say I didn't post this here.

First consequence: If the Super Committee fails to reach an agreement, the law mandates that across-the-board cuts will be implemented — split evenly between defense and domestic programs.
The defense budget will be cut by $492 billion — nearly a half-trillion dollars. U.S. Defense Secretary Leon Panetta has called further defense cuts “nuts,” while Army Chief of Staff Gen. Ray Odierno says he is “deathly afraid” of this outcome.
Plus, another $492 billion will be cut from health, education, drug enforcement, national parks, agriculture programs, and Medicare.
For government agencies and for a public that’s addicted to the money that normally flows from Uncle Sam, the cuts will be TOO MUCH, TOO SOON. They will drive the housing market even deeper into the gutter. They will push unemployment higher. They will add to the downward momentum in the economy.
But for global investors, who are hoping the U.S. can avoid the fiscal disasters that have hit Greece and Italy, the cuts will be TOO LITTLE, TOO LATE! They will take one look at the still-bulging deficits in the U.S. and dump risky U.S. securities, just like they’ve been dumping Spain’s and Italy’s.
Second consequence: Just as in Europe, the failure of the U.S. Congress to deal pro-actively with the deficit will set off a whole new round of earth-shattering downgrades of the U.S. government’s credit rating.
In fact, Moody’s itself has said that the reason it did NOT cut America’s AAA rating in August was precisely because it was waiting to see if the Super Committee could come up with more deficit reductions. If the Super Committee doesn’t come through on November 23, it sends the message that Washington is incapable of acting — a message that will almost surely result in mass credit downgrades by all the major agencies.
Merrill Lynch agrees: “The credit rating agencies,” writes Merrill, “have strongly suggested that further rating cuts are likely if Congress does not come up with a credible long-run plan. Hence, we expect at least one credit downgrade in late November or early December when the Super Committee crashes.”
Third consequence: Another round of downgrades will crush the U.S. stock market. So don’t let the recent rallies fool you! Just look at what happened last time:
The Dow plunged 635 points in a single day and 2,000 points in two weeks. Bank stocks fell 30%. The price of junk bonds plunged 10%. Credit markets all over the world went wild.
This time, it could be worse.
Why?
Because last time, the other rating agencies did not follow S&P. So the Obama administration was able to single out S&P for ridicule and attack. This time, the downgrade is likely to be unanimous among all three major agencies.
Because last time, there was hope Europe would solve its debt troubles. Now that hope is also being dashed.
And because this time, the U.S. economy is in worse shape. After adjusting for inflation, the average household income of Americans has plunged far MORE during the so-called “recovery” since 2009 than it did during the recession of 2008. And the average duration of unemployment just hit 40.5 weeks. That’s over twice as bad as during the last recession. And it’s the highest in recorded history.
  • #2,178
  • Nov 15, 2011 1:34am Nov 15, 2011 1:34am
im really glad your are here PBH and enjoy your fundametal comments a lot. Thanks for that!
  • #2,179
  • Nov 15, 2011 7:41am Nov 15, 2011 7:41am
Quoting maxzeus
ok heres the original SET FILE used last week on the EPZ1 futures (sp500) i made some adjustments to it, testing it this week will post next week if they are good tweaks

Maybe even try this on Silver / Gold / Oil / Nasdaq etc... just for fun to see the results.
very good, tank maxzeus
  • #2,180
  • Nov 15, 2011 3:01pm Nov 15, 2011 3:01pm
Since the market opened V20 has taken 4 trades for a total of 91 pips so far. They are shown below, all 4 were winners, no trades open at present and I am running the EA 5/24.
Two of the trades I closed as I thought they had stalled, but now when I look back at the chart they would have gone to my TP setting and made more pips.
I am just scalping with a TP multiplier of .5 and autorestart engaged. You can see where on the EURUSD where 2 trades were taken, the second one I closed. The other one I closed was the EURCAD.
I guess I should have just let the EA do its thing, but positive pips are good.
These are on a live account with Lot = .01, if all goes well I will start incresing the Lot size.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY11-14---12-2.jpg Size: 156 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD11-14---16-0.jpg Size: 163 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD11-14---16-1.jpg Size: 187 KB
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