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TCO Trader EA

  • #81
  • Jun 6, 2013 1:17pm Jun 6, 2013 1:17pm
TCO please read post 415 http://www.forexfactory.com/showthre...88#post6690888


and post 864 http://www.forexfactory.com/showthre...42#post6719942


There was another post but I cannot find it.


The reason I would like the EA to open positions as soon as Williams% goes into OB OS is because 100pips has traded that method successfully for 18 months and he thinks that parameter is important.


I like all the other options you provide especially the option to close all positions on a change of D1 MACD.


All the best
Attached File(s)
File Type: txt setfile.txt   1 KB | 505 downloads
  • #82
  • Edited 3:46pm Jun 6, 2013 2:14pm | Edited 3:46pm
Quoting normtold
TCO please read post 415 http://www.forexfactory.com/showthre...88#post6690888 and post 864 http://www.forexfactory.com/showthre...42#post6719942 There was another post but I cannot find it. The reason I would like the EA to open positions as soon as Williams% goes into OB OS is because 100pips has traded that method successfully for 18 months and he thinks that parameter is important. I like all the other options you provide especially the option to close all positions on a change of D1 MACD. All the...
hi, on this thread, it's clearly mentioned that, on default setting this EA takes positions on Willams% OB/OS levels once bar closes (60 min bar).
If you want to use like 100pipsAday EA, just, change it to false
rs
  • #83
  • Edited 4:36pm Jun 6, 2013 4:19pm | Edited 4:36pm
Quoting normtold
TCO please read post 415 http://www.forexfactory.com/showthre...88#post6690888 and post 864 http://www.forexfactory.com/showthre...42#post6719942 There was another post but I cannot find it. The reason I would like the EA to open positions as soon as Williams% goes into OB OS is because 100pips has traded that method successfully for 18 months and he thinks that parameter is important. I like all the other options you provide especially the option to close all positions on a change of D1 MACD. All...
I would like that too. We just missed a long entry on GBP/AUD because it dipped under 80 but didn't close there.
With the delay bug in 100 pip's EA, this one is still the best one to use.
  • #84
  • Jun 6, 2013 6:21pm Jun 6, 2013 6:21pm
Quoting TallCoolOne
{quote} 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
TCO, I have implemented the Close-Out-After-Certain-Profit code in my EA and am just waiting now for it to hit the figure I specified to make sure it works properly. If it does, I will email you the code for your consideration of adding it to your EA this weekend. Hopefully I'll see some more pips so the test can be completed tonight or tomorrow.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #85
  • Jun 6, 2013 6:45pm Jun 6, 2013 6:45pm
Quoting normtold
TCO please read post 415 http://www.forexfactory.com/showthre...88#post6690888 and post 864 http://www.forexfactory.com/showthre...42#post6719942 There was another post but I cannot find it. The reason I would like the EA to open positions as soon as Williams% goes into OB OS is because 100pips has traded that method successfully for 18 months and he thinks that parameter is important. I like all the other options you provide especially the option to close all positions on a change of D1 MACD. All the...

Hi Norm, I know this posts are there. My EA is not designed to trade like that...as of yet.
  • #86
  • Edited 9:24pm Jun 6, 2013 9:08pm | Edited 9:24pm
Quoting TallCoolOne
{quote} Hi Erebus, sorry for the late reply. This may be a bug where I'm not displaying the screen at the proper location in the EA. I will double check that tonight when I get home from work Also, are you using ATR based TP and SL? I will let you know what I find out. Thanks - TCO.
The trade data shows OK for all open trades now, maybe it was just a matter of waiting for the first hour to pass, let the EA refresh the data?

Yes, I am using ATR (14) x 1 both for Stop Loss & Take Profit

Most open profit from surprise pair of EUR-CHF

Have closed loss on USD-CAD & AUD-NZD

Have closed profit on NZD-JPY, CAD-JPY, USD-CHF & EUR_CAD (3)

This is with risk of 0.5% by 4 max trades = 2% per set

As on the chart shown, only 2 trades opened, so I thinking maybe go with 1.0% by 2 max trades next week

Looks great so, not as many as the other EA, but nice & steady profits thus far

Thanks again for your efforts, much appreciated

Click my name to see a Turtle Trading EA on steroids (this week at least )

E.

PS: on edit - forgot to mention, using Breakeven stop of 10 pips after a move of 60, you can see the lines on chart

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #87
  • Jun 6, 2013 9:38pm Jun 6, 2013 9:38pm
Quoting thehenryfam
Anyone have an older copy of MT4 I could have, maybe Build 432? I need it for back testing. Been trying to find a download but no luck so far. Scott
here you go https://support.beeksfx.com/index.ph...nal-executable
Humble & Kalcker CLO2 = Covid killer
  • #88
  • Jun 6, 2013 9:46pm Jun 6, 2013 9:46pm
Quoting jusiur
{quote} here you go https://support.beeksfx.com/index.ph...nal-executable
Thanks so much!

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #89
  • Jun 7, 2013 12:18am Jun 7, 2013 12:18am
Interesting, yesterday this opened a SELL trade, but if I closed that now, it would open a BUY trade

Anyone else have this trade?

Guess this happens when MACD is so close to center line and market is range a little bit

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #90
  • Jun 7, 2013 5:09am Jun 7, 2013 5:09am
Quoting thehenryfam
{quote} TCO, I have implemented the Close-Out-After-Certain-Profit code in my EA and am just waiting now for it to hit the figure I specified to make sure it works properly. If it does, I will email you the code for your consideration of adding it to your EA this weekend. Hopefully I'll see some more pips so the test can be completed tonight or tomorrow. Scott

Great Scott. I hope it works. Is it designed to close after a certain profit per pair for for the entire basket of trades? Look forward to seeing the code.

I was going to work this weekend on the bar vs tick option, the .01 lot size per $1000, and the trader determined trend method features.....but we are going away to Chicago for an open house for my niece so I may not get in as much work as I want to.

So be patient guys. Improvements and features are coming. Just need the time to work on them.
  • #91
  • Jun 7, 2013 7:18am Jun 7, 2013 7:18am
Quoting TallCoolOne
{quote} Great Scott. I hope it works. Is it designed to close after a certain profit per pair for for the entire basket of trades? Look forward to seeing the code. I was going to work this weekend on the bar vs tick option, the .01 lot size per $1000, and the trader determined trend method features.....but we are going away to Chicago for an open house for my niece so I may not get in as much work as I want to. So be patient guys. Improvements and features are coming. Just need the time to work on them.
TCO, it seems to work fine, but of course further testing will be good to do. It is based on the entire basket, not a certain pair. Also, I made it to be based on a percentage profit rather than a dollar amount. That way, it is not something you have to update unless you just want to. The percentage is set in the parameters. I will shoot you the code soon.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #92
  • Edited 8:59am Jun 7, 2013 8:56am | Edited 8:59am
TCO, thanks for sharing the EA. I have been testing it using the 1H for trend and 5M chart for WPR OB/OS. I have been doing this to generate a bunch of trades and check that I understand how your EA works. I have it loaded on the EU, GU, AU, USDCAD, and UJ 5 minute charts. It works exactly as I expected it to.

The EA worked great yesterday when the USD took a beating and every other currency took a baseball bat to the USD - up 2% during the NY afternoon session. However, in the sideways chop leading up to NFP for the last 10 or 12 hours, it got clobbered. Just like everything else, if you catch the trend, you're golden. Look out for the consolidation periods. I am using the ATR based SL and TP, so I think this contributed to the whipsaw trading during the sideways movement of the currencies. The EA would identify an OB/OS condition correctly, but because the trading range was so tight for the previous 13 or 14 candles, the SL and TP were very small. I am using 3 ATR for SL and 6 ATR for TP over the previous 14 bars. Invariably, the trades were stopped out during this tight trading range.

Not sure if I have discovered a possible bug, or a user error. I turned of the EA about 15 minutes prior to the NFP announcement and turned it back on about 5 minutes afterward. I got a USDJPY Sell trade while the price was at the bottom of the range, and while WPR (5M) was in the oversold territory. Admittedly, I should have waited at least another 10 minutes for the market to settle down and to enable the EA, but I have been enjoying watching it trade. See the two charts below. the second one is simply a zoomed in chart of the first. the short entry was at the bottom of the candle at the dotted line. I had turned on the EA well after the WPR had left the OB area. The WPR was not quite into the OS zone when I enabled it.

Thanks for taking a look.

T
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Errant entry on USDJPY.JPG Size: 82 KB
Click to Enlarge Name: Errant entry on USDJPY II.JPG Size: 43 KB
  • #93
  • Jun 7, 2013 9:04am Jun 7, 2013 9:04am
TCO:

I am also running your EA on a 4H trend / 15M entry demo, using ATR based SL and TP. Have you considered an ATR based trailing stop? Perhaps along the lines of once the price is 2 ATR's in profit, trail by 3 or 4 ATR. once price is 4 ATR's in profit, trail by 2 or 3 ATR; as price continues, continue to tighten the trailing stop and let the market close the order when the move has been exhausted.

This process could certainly be done manually, but since we have the computer and EA doing all the rest of the work, why not this too....

T
  • #94
  • Jun 7, 2013 9:38am Jun 7, 2013 9:38am
Greetings TCO - thanks for opening a separate thread for your EA - it will be interesting to see how the respective EAs perform over time.

Still running manually and my rules follow the original thoughts with the following criteria. Not sure if any of these features are possible nor how much effort that would entail. I'm sure Erebus has some thoughts on all of this.

Follow the Day MACD line crosses _ looks like 100pips is not paying much attention to the MACD bars

If Day MACD lines cross, close any trades open from previous trend.

Open new trades as Williams crosses into overbought / oversold per the normal rule set, but with the following criteria.

Only accept additional trades if Williams has crossed 50 and then returns to overbought / oversold - see attached image

6 hour delay for accepting new trades.

SL / TP can be discretionary, but the current approach of SL 260 / TP 320 is as good as any for initial settings, OR TS of 1 X Day ATR7 once profit reaches 320 - this way, you are not limited on max number of open positions as you have locked in profits (you'll still need an account size that'll cover the margin depending on broker rules / leveraging)

A separate alert may be useful but until I have figured out how to code in MQ4, unlikely - my last code writing was Fortran / Basic / 8800 machine code and needless to say, that was a wile ago!

All thoughts and critique welcome
Attached Image(s) (click to enlarge)
Click to Enlarge Name: day macd cross.png Size: 62 KB
Click to Enlarge Name: h1 williams entry examples.png Size: 63 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #95
  • Jun 7, 2013 10:14am Jun 7, 2013 10:14am
Quoting thehenryfam
{quote} TCO, it seems to work fine, but of course further testing will be good to do. It is based on the entire basket, not a certain pair. Also, I made it to be based on a percentage profit rather than a dollar amount. That way, it is not something you have to update unless you just want to. The percentage is set in the parameters. I will shoot you the code soon. Scott

Hi Scott, sounds nice. Looking forward to it. I made code changes to the my test version of the EA today, to trade based on ticks and not close of the bar. I will do some testing with it and see how it goes. The trader will be able to toggle this on and off. Thanks - TCO.
  • #96
  • Jun 7, 2013 10:19am Jun 7, 2013 10:19am
Hi Traders,

I have applied the TCO EA in to my Alpari UK Mt4 1 hr charts and I am getting error alerts. Please see the attached picture. Anybody has any solution? Thanks in advance.

Roy
Attached Image (click to enlarge)
Click to Enlarge Name: metatrader - alpari uk.png Size: 89 KB
  • #97
  • Jun 7, 2013 10:20am Jun 7, 2013 10:20am
Quoting Tpc23
TCO: I am also running your EA on a 4H trend / 15M entry demo, using ATR based SL and TP. Have you considered an ATR based trailing stop? Perhaps along the lines of once the price is 2 ATR's in profit, trail by 3 or 4 ATR. once price is 4 ATR's in profit, trail by 2 or 3 ATR; as price continues, continue to tighten the trailing stop and let the market close the order when the move has been exhausted. This process could certainly be done manually, but since we have the computer and EA doing all the rest of the work, why not this too.... T

Hi TPC, thanks for your testing efforts. I think there is bug somewhere when the EA is first applied or turned back on, it will open an oddball trade sometimes. Not sure if I have variable not getting reset or what. I had that happen to me too. I may have to apply some internal print statements and do some backtesting to see if I can find it. So I will keep looking.

I have written the ATR based trailing, jump stop and breakeven SL before in an older EA. I will look and see about making that a future upgrade feature. I was waiting for when someone was going to ask for that.....

TCO
  • #98
  • Jun 7, 2013 10:23am Jun 7, 2013 10:23am
Quoting RoyPK
Hi Traders, I have applied the TCO EA in to my Alpari UK Mt4 1 hr charts and I am getting error alerts. Please see the attached picture. Anybody has any solution? Thanks in advance. Roy {image}

Hi Roy, are the trades that are currently open, opened by the EA, if so...then I would say there is an issue with the broker server not executing the trades and it is timing out when trying to open it. I haven't run across this issue with IBFX. Hopefully it is a temporary issue. Not sure how to help you otherwise. TCO
  • #99
  • Jun 7, 2013 10:30am Jun 7, 2013 10:30am
Quoting TallCoolOne
{quote} Hi Roy, are the trades that are currently open, opened by the EA, if so...then I would say there is an issue with the broker server not executing the trades and it is timing out when trying to open it. I haven't run across this issue with IBFX. Hopefully it is a temporary issue. Not sure how to help you otherwise. TCO
We might want to consider a RefreshRates() command in there prior to the OrderSend() command. I didn't see one in there presently. Might help with some brokers. Just a thought.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #100
  • Jun 7, 2013 10:32am Jun 7, 2013 10:32am
Quoting TallCoolOne
{quote} Hi Roy, are the trades that are currently open, opened by the EA, if so...then I would say there is an issue with the broker server not executing the trades and it is timing out when trying to open it. I haven't run across this issue with IBFX. Hopefully it is a temporary issue. Not sure how to help you otherwise. TCO
Hi TCO,

Thanks a lot for your quick reply. The present trades as you see now on the chart are opened by the EA. As you assume, it could be a broker server problem!. I loaded the EA yesterday, so far only two trades opened. I shall then try another broker.

Thanks again.
Roy
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