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Attachments: TCO Trader EA
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TCO Trader EA

Sep 19, 2014
Last Sync: Sep 19, 2014
Sep 19, 2014
Last Sync: Sep 19, 2014
Sep 19, 2014
Last Sync: Sep 19, 2014
Sep 19, 2014
Last Sync: Sep 19, 2014
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@pirt666

I think the 2 time frames settings is a bit lower down, could be wrong, and leave the MACD settings as normal

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Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: -5.7%
Quoting pirt666
TCO, I'm setting up a new demo account to test your ea for scalping M5 using H1 MACD for trend. Are these correct MACD settings for trading on the M5 chart? (standard settings 12.24.9 multiplied by 12). Please advise. Fahmi
And the MACD is on the longer time frame , in your case, you want 1 Hour

The W%R trade entry signal from the short time frame, for you 5 Minutes

I think that's right

Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: -5.7%
Quoting Erebus
@pirt666 I think the 2 time frames settings is a bit lower down, could be wrong, and leave the MACD settings as normal {image}
Oh.... You could be right, cause with the settings I posted the EA is taking strange trades.

Fahmi
Always try just one more time...
Quoting Erebus
{quote} And the MACD is on the longer time frame , in your case, you want 1 Hour The W%R trade entry signal from the short time frame, for you 5 Minutes I think that's right

You nailed it buddy. It trades correctly now. Thanks a lot.

Fahmi
Always try just one more time...
Quoting pirt666
TCO, I'm setting up a new demo account to test your ea for scalping M5 using H1 MACD for trend. Are these correct MACD settings for trading on the M5 chart? (standard settings 12.24.9 multiplied by 12). Please advise. Fahmi {image}
Is bad. You need to select MACD at 12, 24, 9 but also to select Trend_TF to 60.
Enter Signature
TCO,

Thanks for the hard work. Look forward to testing this out.
Quoting maudur
{quote} Is bad. You need to select MACD at 12, 24, 9 but also to select Trend_TF to 60.

Yepp, you're right. I corrected it now.

Fahmi
Always try just one more time...
100 pips system calls for an entry as soon as the WPR goes over the threshold.
This EA appears to wait for the close before entry.
Correct? If so, should the EA be changed to reflect the 100 pip system?
Great EA thanks for sharing
A to B to A
Quoting billbss
100 pips system calls for an entry as soon as the WPR goes over the threshold. This EA appears to wait for the close before entry. Correct? If so, should the EA be changed to reflect the 100 pip system?

You have the choice. It's WPR_confirmation. "False" it behaves like 100PipsADay's method, set to "True" EA waits for price to close inside.
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Always try just one more time...
Quoting burnssss
Thank you very much for the input, now I'm testing the EA in 1H timeframe. Wait for results to comment. What timeframes recomendais?? Thank you very much, great job.
I recommend a TrendTF of 1440(Daily) and a SmallTF of 60(hourly). Thanks!
  • Post #52
  • Quote
  • Edited 8:08am Jun 6, 2013 7:56am | Edited 8:08am
Quoting pirt666
TCO, I'm setting up a new demo account to test your ea for scalping M5 using H1 MACD for trend. Are these correct MACD settings for trading on the M5 chart? (standard settings 12.24.9 multiplied by 12). Please advise. Fahmi {image}
Hi Pirt666, you don't need to change the EMA settings. You just need to change the Trend_TF to 60 AND THE Small_TF to 5. I know this can be confusing. You should be able to leave all the indicator vaiues in the EA parameters as is. Just change the two TF parameters. Thanks!
Quoting billbss
100 pips system calls for an entry as soon as the WPR goes over the threshold. This EA appears to wait for the close before entry. Correct? If so, should the EA be changed to reflect the 100 pip system?

Hi Bill, there is ths parameter in the EA.

WPR_Confirmation = false;

- If set to true, signal must go below and above the WPR_OS level for a Buy, Signal must go above and below the WPR_BO lEVEL for a Sell - If set to false, signal just needs to go below the WPR_OS level for a Buy, Signal just needs to go above the WPR_BO level for a Sell

I hope this helps...please let me know. Thanks!
Quoting TallCoolOne
{quote} Hi Bill, there is ths parameter in the EA. WPR_Confirmation = false; - If set to true, signal must go below and above the WPR_OS level for a Buy, Signal must go above and below the WPR_BO lEVEL for a Sell - If set to false, signal just needs to go below the WPR_OS level for a Buy, Signal just needs to go above the WPR_BO level for a Sell I hope this helps...please let me know. Thanks!
But isn't it correct to say EA will only take trades at the 1hr candle close if it is OB/OS at that time? This is what the EA seems to be doing for me, only trading at the hour close. So this is slightly different than 100pips system.
Quoting rtn
{quote} But isn't it correct to say EA will only take trades at the 1hr candle close if it is OB/OS at that time? This is what the EA seems to be doing for me, only trading at the hour close. So this is slightly different than 100pips system.
Hi RTN, I designed the EA to look for trade opportunities on the close of the last bar based on the chart you attach it to, which is hopefully the the same as your SMALL_TF. I did this so that we are not perform all the calculations in the EA for every tick. This will be less resource intensive and I don't believe we will miss that many trade opportunities and shouldn't affect the overall profitablity of the system.
Quoting TallCoolOne
{quote} Hi Bill, there is ths parameter in the EA. WPR_Confirmation = false; - If set to true, signal must go below and above the WPR_OS level for a Buy, Signal must go above and below the WPR_BO lEVEL for a Sell - If set to false, signal just needs to go below the WPR_OS level for a Buy, Signal just needs to go above the WPR_BO level for a Sell I hope this helps...please let me know. Thanks!
Yes, but it needs to close above or below- right?
100 pips system it does not need to close above or below, It only needs to go there, even in mid bar to open a trade.
Is that correct. Checking my account history, his trades open at odd times- not just on the hour.
Thanks
  • Post #57
  • Quote
  • Edited 9:13am Jun 6, 2013 8:22am | Edited 9:13am
Quoting TallCoolOne
{quote} Hi Normtold, when you turn off the "Close All Open Trades On Opposite Signal" switch, the EA will manage trades strictly by TP and SL. It may try to open trades in opposite directions too. So we may need to look at that. I'm not sure how 100PipsADay handles this situation. Once, a buy is triggered, does he stay with that buy until it hits tp or sl and won't open any opposite trades? I'm in the US and we are not allowed to hedge, so I would get an error message. I'm not sure we want to hedge for traders outside of the US. I'm looking for...
Hi TCO,

100pips keeps the positions open until they hit S/L or TP but will not take any positions in the opposite direction until one or the other has happened.


I would like to do something different with your EA, when the D1 MACD has a colour change and the daily bar has closed I would like the EA to close all open positions and start looking for positions in the opposite direction (in the direction of the MACD).
Quoting billbss
{quote} Yes, but it needs to close above or below- right? 100 pips system it does not need to close above or below, It only needs to go there, even in mid bar to open a trade. Is that correct. Checking my account history, his trades open at odd times- not just on the hour. Thanks
I brought this to TCO's attention yesterday in a PM. I think there will be quite a difference in the trades taken, actually. However, I have no idea whether/how it will affect profitability. Guess only time will tell. I am running my EA on one PC and TCO's EA on another, so I will try to compare trades from time to time. The fact that mine looks for trade conditions on every tick might be why it won't take trades on a backtest, which is somewhat frustrating, even though I don't put much stock in MT4 backtests.

Scott
Prices are never too high to begin buying or too low to begin selling.
Quoting billbss
{quote} Yes, but it needs to close above or below- right? 100 pips system it does not need to close above or below, It only needs to go there, even in mid bar to open a trade. Is that correct. Checking my account history, his trades open at odd times- not just on the hour. Thanks
Hi Bill you are absolutely right. My EA will open trades on the Lower TF - so you won't see trades opened at odd times, but on the hour, if you the put the EA on the hourly chart. I just code my EAs this way. It is less resource intensive, I don't think we will miss that many trades we may get into some trades later - which may or may not be advantageous. So my EA does not trade exactly as 100PipsADay system does. Thanks - TCO.
Quoting thehenryfam
Subscribed, and looking forward to where this thing ends up, especially since we are already starting with a great method, it would seem. Thanks for starting the thread, TCO. Scott
Thanks Scott and for helping with the trade delay logic - that was very handy. Looking forward to the other features you have proposed. I will probably spend some time this weekend working on some of the new features and testing, we will probably have some bugs found also by then that I can fix. - TCO
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