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TCO Trader EA

  • #101
  • Jun 7, 2013 10:38am Jun 7, 2013 10:38am
Quoting Britpip7
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...

Hi BritPip, it looks to me like the line cross matches up when the bars cross over our under the zero line. That is what the EA is using for trend determination. As far as excepting new trades based on crossing over the -50 level on the WPR and then back to the OS, OB, is this a method that you are currently using for trade entry manually? It is working. How long have you backtested this idea?

Guys, I don't want to just muck the EA with a lot of it might be nice....to have this or that. I know it would be great to add the feature and be able to back test the heck out it...but first let's make sure the EA is working as designed right now with the 3 trend methods on the higher TF and with the Williams signal on the lower TF. Lets make sure the trade management features work as expected. Lets forward test the current EA on demos and make sure it is profitable before we start adding the nice to haves. I would love for BritPip so show me you are getting a hit rate over 50 % with and positive R:R on your manual strategy enhancement. The I would say by all means lets code it in this EA or create anew EA around that idea. I appreciate the ideas and I want to keep hearing the ideas, but I'm not just going to start adding code to the current EA because of one screen print. We need to know there is a basis for adding the code.

Please don't misread this. I'm not mad, but I only have so much time and I want to put the best EA out that I can. So please take that into consideration when asking for improvements and features. Thanks...
  • #102
  • Jun 7, 2013 10:48am Jun 7, 2013 10:48am
Quoting TallCoolOne
{quote} Hi BritPip, it looks to me like the line cross matches up when the bars cross over our under the zero line. That is what the EA is using for trend determination. As far as excepting new trades based on crossing over the -50 level on the WPR and then back to the OS, OB, is this a method that you are currently using for trade entry manually? It is working. How long have you backtested this idea? Guys, I don't want to just muck the EA with a lot of it might be nice....to have this or that. I know it would be great to add the feature and be...
TCO,

No problem - this is what I am currently running on my live account with manual entries. I only got into this approach in the past couple of weeks, so the criteria is only up for discussion - I really don't expect anyone to code this without a significant return rate. Currently since getting back in the pool last month I am up up over 800 pips and the win/loss ratios look good, but it's only 5 weeks and there are 2 different methodologies in play. I am running with 0.02 lots per entry with leverage 100:1.

I'll certainly run the data once I have a statistically sound baseline - other than that, keep up the great work ans have fun in Chicago.
Attached Image (click to enlarge)
Click to Enlarge Name: Britpip7 Live Account for May-June 2013.gif Size: 21 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #103
  • Jun 7, 2013 11:57am Jun 7, 2013 11:57am
Quoting Britpip7
{quote} TCO, No problem - this is what I am currently running on my live account with manual entries. I only got into this approach in the past couple of weeks, so the criteria is only up for discussion - I really don't expect anyone to code this without a significant return rate. Currently since getting back in the pool last month I am up up over 800 pips and the win/loss ratios look good, but it's only 5 weeks and there are 2 different methodologies in play. I am running with 0.02 lots per entry with leverage 100:1. I'll certainly run the data...
Think Brit, sounds good. We will keep this in consideration for possible roll out. Thanks for your efforts!
  • #104
  • Jun 8, 2013 9:31am Jun 8, 2013 9:31am
Quoting Britpip7
{quote} TCO, No problem - this is what I am currently running on my live account with manual entries. I only got into this approach in the past couple of weeks, so the criteria is only up for discussion - I really don't expect anyone to code this without a significant return rate. Currently since getting back in the pool last month I am up up over 800 pips and the win/loss ratios look good, but it's only 5 weeks and there are 2 different methodologies in play. I am running with 0.02 lots per entry with leverage 100:1. I'll certainly run the data...
Hi, Britpip7. Would you please share your EA setting here?
  • #105
  • Jun 8, 2013 10:00am Jun 8, 2013 10:00am
Hi all, just want to ask which timeframe is better use?

Thanks and much appreciate!
  • #106
  • Jun 8, 2013 5:05pm Jun 8, 2013 5:05pm
Quoting arlaxlee
Hi all, just want to ask which timeframe is better use? Thanks and much appreciate!
Depends on your RISK appetite

This EA is based on 2 famous threads by generous member

http://www.forexfactory.com/100pipsaday

Read those to get some understanding, but I can tell you that both are using the DAILY charts

There are 3 trading methods with TCO's EA, and at least 5 combinations of time frames to choose, so you have a lot of choice

Best do some heavy duty back testing.... or just go with the flow, Daily & 1 Hour has been proven to work

Regards, E.
It takes a lot for me to IGNORE you, but you can try.
  • #107
  • Jun 8, 2013 8:02pm Jun 8, 2013 8:02pm
Quoting Sunnybeach
{quote} Hi, Britpip7. Would you please share your EA setting here?
I am only trading manually - no EA loaded. Currently watching the activity on the 3 threads and forward testing using 0.02 lots in a live account.

I watch my chosen pairs on my daily multi chart and then switch to the tri screen view if something looks interesting. Following 100pips rules (mostly) for third screen strategy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: multi screen - day.gif Size: 162 KB
Click to Enlarge Name: tri screen.gif Size: 151 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #108
  • Jun 8, 2013 9:17pm Jun 8, 2013 9:17pm
Quoting Erebus
{quote} Depends on your RISK appetite This EA is based on 2 famous threads by generous member http://www.forexfactory.com/100pipsaday Read those to get some understanding, but I can tell you that both are using the DAILY charts There are 3 trading methods with TCO's EA, and at least 5 combinations of time frames to choose, so you have a lot of choice Best do some heavy duty back testing.... or just go with the flow, Daily & 1 Hour has been proven to work Regards, E.
, you are so great!!!!!!
  • #109
  • Jun 9, 2013 5:37pm Jun 9, 2013 5:37pm
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}
Did you resolve your Error problem with TCO EA? I had that problem. If it is like mine it is in the auto trade manager. Take it back to fixed lot size and that should resolve this.
Gary
  • #110
  • Jun 9, 2013 6:21pm Jun 9, 2013 6:21pm
Quoting alpine4133
{quote} Did you resolve your Error problem with TCO EA? I had that problem. If it is like mine it is in the auto trade manager. Take it back to fixed lot size and that should resolve this.
Hi Alpine,

I didn't solve the problem yet and I can't. Is your broker same as mine? I have decided to test the EA on some other broker and see what happens. I leave the problem resolution to the computer geeks in our thread.

Thanks for asking.
Roy
  • #111
  • Jun 9, 2013 6:28pm Jun 9, 2013 6:28pm
Quoting RoyPK
{quote} Hi Alpine, I didn't solve the problem yet and I can't. Is your broker same as mine? I have decided to test the EA on some other broker and see what happens. I leave the problem resolution to the computer geeks in our thread. Thanks for asking. Roy
I do not think it has anything to do with your broker. How many lots are you trading with the ea? Do you trade mini lots? What is your balance ?
Gary
  • #112
  • Jun 9, 2013 6:43pm Jun 9, 2013 6:43pm
Quoting alpine4133
{quote} I do not think it has anything to do with your broker. How many lots are you trading with the ea? Do you trade mini lots? What is your balance ?
Hi Alpine,

I just started on an Alpari UK demo account with $10,000/= balance and 0.01 lots when the EA started showing up error alerts after nearly one day when the currency pairs got ready for trades.

Regards,
Roy
  • #113
  • Jun 9, 2013 8:16pm Jun 9, 2013 8:16pm
Quoting RoyPK
{quote} Hi Alpine, I just started on an Alpari UK demo account with $10,000/= balance and 0.01 lots when the EA started showing up error alerts after nearly one day when the currency pairs got ready for trades. Regards, Roy
There will be a new version soon. Hold on. But check to make sure you are only trading one of the strategies, and ST is set by ATR, and you are not using money management.
Gary
  • #114
  • Jun 10, 2013 4:57am Jun 10, 2013 4:57am
I have exactly the same problem. I got only error 128 instead of actual trades. No matter what lot size i'm using constant or dynamic the result is the same. My broker is Alpari NZ. So it looks that the bot doesn't like this particular broker. Is it programmed to make the necessary adjustments for a 5-digits broker?
  • #115
  • Edited 7:40am Jun 10, 2013 5:42am | Edited 7:40am
Hi Guys/Gals,

Update in post one. The EA has been updated along with the instructions.

TCO_Trader v1.2
- Close all orders after certain profit percentage reached - thanks to Scott (thehenryfam) for coding. That is all orders for all pairs. The entire basket.
- Manual Descretionary Trend Determination - where trader can select GoLong = true or GoShort = true, will still use Williams% on lower TF for trade entry.
- Trades can be triggered on close of last lower tf bar or now they can be triggered on current bar(ticks). Settings for tick mode - CheckOncePerBar = false and WPR_Confirmation = false
- LotSize .01 per $1000 option added
- Verify LotSize for min and max size allowed by broker, lotsize also normalized

You should be able to trade more like the 100Pips method, by opening trades as soon as the Williams% dips below the OS level or above the OB level

CheckOncePerBar = false

Hopefully the issues with lotsizing have been solved. Please test thoroughly.

Please update with the TCO Trader EA on post 1. Please verify your settings, because new settings have been added to the external parameters.

Please report any issues.

Thanks for all your help

TCO
  • #116
  • Jun 10, 2013 5:54am Jun 10, 2013 5:54am
Quoting TallCoolOne
- Close all orders after certain profit percentage reached - thanks to Scott (thehenryfam) for coding
Does it close all including other trades not placed by this EA? Do I need to turn this on for each pair or only one?
Gary
  • #117
  • Jun 10, 2013 7:00am Jun 10, 2013 7:00am
Quoting TallCoolOne
Hi Guys/Gals, Update in post one. The EA has been updated along with the instructions. TCO_Trader v1.2 - Close all orders after certain profit percentage reached - thanks to Scott (thehenryfam) for coding - Manual Descretionary Trend Determination - where trader can select GoLong = true or GoShort = true - Trades can be triggered on close of last lower tf bar or now they can be triggered on current bar(ticks) - LotSize .01 per $1000 option added - Verify LotSize for min and max size allowed by broker, lotsize also normalized You should be able to...
Hi TCO,

thanks for EA updating, I'm going to test the new feature for opening trades as soon as W% dips below/above OS/Ob level...have set options CheckOncePerBar and WPR_Confirmation both to false...is that right?

HT jdva
I never lose - either I win or I learn...
  • #118
  • Jun 10, 2013 7:00am Jun 10, 2013 7:00am
Quoting alpine4133
{quote} Does it close all including other trades not placed by this EA? Do I need to turn this on for each pair or only one?

Good question Alpine. I should have explained that more. It will close all trades for all pairs. So be aware. If you want to close all trades based on a certain percentage gain of the account balance, I would set it as default true on all charts. Thanks!
  • #119
  • Edited 8:09am Jun 10, 2013 7:03am | Edited 8:09am
Quoting jdva
{quote} Hi TCO, thanks for EA updating, I'm going to test the new feature for opening trades as soon as W% dips below/above OS/Ob level...have set options CheckOncePerBar and WPR_Confirmation both to false...is that right? HT jdva

Yes HT jdva, that is exactly right. Set both to false and it should be pretty much be inline with 100PipsADay rules for taking trades. Hopefully! Please let me know if you have any issues. Thanks!
  • #120
  • Jun 10, 2013 7:27am Jun 10, 2013 7:27am
Hey TCO!

I've got some question for you.

Where i can download ex4 file?

TCO_3rdScreen_multi_strategy

i do not see that ;-)
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