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TCO Trader EA

  • #141
  • Jun 11, 2013 5:32am Jun 11, 2013 5:32am
Hi Scott,

I just wanted to let you know I had 2 baskets close with 3% profit last night. One on my Ichimoku test demo and one on my 20/50 EMA demo. The MACD demo is close to the profit level so it should close another soon. Thanks for the code, works like a charm. TCO
  • #142
  • Jun 11, 2013 7:31am Jun 11, 2013 7:31am
Quoting TallCoolOne
Hi Scott, I just wanted to let you know I had 2 baskets close with 3% profit last night. One on my Ichimoku test demo and one on my 20/50 EMA demo. The MACD demo is close to the profit level so it should close another soon. Thanks for the code, works like a charm. TCO
No problem, glad it worked for you. I had another basket close on my demo as well. Something about locking in those gains that feels nice, especially since we never know when these trends will finally end and switch around.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #143
  • Jun 11, 2013 8:05am Jun 11, 2013 8:05am
Quoting thehenryfam
{quote} No problem, glad it worked for you. I had another basket close on my demo as well. Something about locking in those gains that feels nice, especially since we never know when these trends will finally end and switch around. Scott

I hear ya Scott. Slow and steady eddie profits. My goal a month is only 6%. So if you do the math on that over 10 yrs. It could be very nice. So I like the idea of basket trading, spreading the risk, taking what the market gives us. Nipping at it and locking in the gains. Time will tell. I have Close_Trades_On_Opposite_Signal = true, so I think that is where the potential hits will come on the trend reversal. So we will keep an eye on it and see how it works. I'm going to demo this method for at least a month, maybe more before going live. I will get my trade explorer set up tonight so others can track my progress with the 3 trend methods. Thanks - TCO
  • #144
  • Jun 11, 2013 8:06am Jun 11, 2013 8:06am
I have link my DEMO account to my Trade Explorer, all stats are there for all to view

Only opened and first trade on the 5 June 2013, last week

Using the 20-50_EMA method

Stop Loss & Take Profit of 1 x ATR(14)

And move to lock 10 pips profit after trade has moved 70 pips

Just taken out on that on the EUR-USD - why is it dropping like that?

Doing really good so far, thanks TCO
It takes a lot for me to IGNORE you, but you can try.
  • #145
  • Jun 11, 2013 8:09am Jun 11, 2013 8:09am
I noticed in the information settings on the chart mine still shows the fixed SL and TP even though I have ATR set to True. I would be very nice if we could see on the chart what the ATR settings will use the next time it takes a trade based on the ATR settings.
Gary
  • #146
  • Jun 11, 2013 8:11am Jun 11, 2013 8:11am
I noticed as a default the Buy and Sell Direction settings are both set to false. Shouldn't they by default both be set to true?
Gary
  • #147
  • Jun 11, 2013 8:13am Jun 11, 2013 8:13am
Quoting alpine4133
I noticed in the information settings on the chart mine still shows the fixed SL and TP even though I have ATR set to True. I would be very nice if we could see on the chart what the ATR settings will use the next time it takes a trade based on the ATR settings.
Hi Alpine. I agree. I will work on it. I would like to display more of the settings info on the screen also, along with percentage of account increase for current trades open. Thanks for the info. We will get it ironed out.
  • #148
  • Jun 11, 2013 8:15am Jun 11, 2013 8:15am
Quoting TallCoolOne
{quote} I hear ya Scott. Slow and steady eddie profits. My goal a month is only 6%. So if you do the math on that over 10 yrs. It could be very nice. So I like the idea of basket trading, spreading the risk, taking what the market gives us. Nipping at it and locking in the gains. Time will tell. I have Close_Trades_On_Opposite_Signal = true, so I think that is where the potential hits will come on the trend reversal. So we will keep an eye on it and see how it works. I'm going to demo this method for at least a month, maybe more before going live....
Yes, I am very pleased so far as well. My goal is between 5-10% per month. If that can be done consistently, you are right -- things look really nice in 10 years. Before going live, though, I want to see what happens when these big trends change direction. How will these EAs respond to that? That is what really needs to be analyzed with all of the different variations of the EA we have running around here. Which of the settings will handle the flip-around the best? Clearly there will be some losses, but will it be a 25% account cut? Worse? This is what I need to know before jumping in with real $$.

Some will say use PSAR to turn the EA off for some pairs, but honestly I would rather be more conservative with the trading and then let the market take me out. By taking profits, you lock in some gains and immediately reduce your exposure to the market. So if the market should turn not long after you take profit, theoretically your pain shouldn't be too bad.

I am trying one other demo with a slightly different take... I am using PSAR as the main trend indicator and then I am only adding new positions if the existing positions for the pair are already in profit. I am closing all trades for a pair once PSAR is confirmed to have changed. I will let you know how that works out.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #149
  • Edited 8:39am Jun 11, 2013 8:19am | Edited 8:39am
Quoting thehenryfam
{quote} Yes, I am very pleased so far as well. My goal is between 5-10% per month. If that can be done consistently, you are right -- things look really nice in 10 years. Before going live, though, I want to see what happens when these big trends change direction. How will these EAs respond to that? That is what really needs to be analyzed with all of the different variations of the EA we have running around here. Which of the settings will handle the flip-around the best? Clearly there will be some losses, but will it be a 25% account cut? Worse?...

Great Scott. Nice to see some new methods being used. Nothing wrong with experimentation. If that works, maybe we could add it as another trend determination method to go along with the others.
  • #150
  • Jun 11, 2013 8:27am Jun 11, 2013 8:27am
Quoting alpine4133
I noticed as a default the Buy and Sell Direction settings are both set to false. Shouldn't they by default both be set to true?

Hi Alpine. Those should be both set to false, unless you don't want to use the three current trend methods - Ichimoku, 20/50 EMA or MACD.

Say you have your own proven method for determining a trend, that is discretionary - maybe using trend lines or whatever.

If you feel we are in an uptrend based on your method - Set the GoLong = true, set GoShort, Use_Ichimoku_Trend, Use_EMA_Trend, Use_MACD_Trend all to false. The EA will only take buys when the Williams% hits the OS level. Then the EA will manage those trades using whatever other trade management features you select for your lotsize, tp, sl etc. Select GoShort = true, if you feel we are in a downtrend and set all the other trend variables to false.

I hope that helps. Please let me know if you have any other questions.
  • #151
  • Jun 11, 2013 8:42am Jun 11, 2013 8:42am
Quoting TallCoolOne
{quote} Hi Alpine. I agree. I will work on it. I would like to display more of the settings info on the screen also, along with percentage of account increase for current trades open. Thanks for the info. We will get it ironed out.
I see the SL and TP information changes from the default to the ATR when it takes a trade. That is good.
Gary
  • #152
  • Jun 11, 2013 8:44am Jun 11, 2013 8:44am
Quoting Erebus
I have link my DEMO account to my Trade Explorer, all stats are there for all to view Only opened and first trade on the 5 June 2013, last week Using the 20-50_EMA method Stop Loss & Take Profit of 1 x ATR(14) And move to lock 10 pips profit after trade has moved 70 pips Just taken out on that on the EUR-USD - why is it dropping like that? Doing really good so far, thanks TCO

Sorry Erebus I didn't reply earlier, good to hear. Good to see someone testing the BE SL. Keep us in the loop on the 1ATR settings. Thanks!

Guys, if you post a message in the thread and I don't reply, don't be afraid to resubmit the msg to the thread or send a PM. Sometimes I miss things. Thanks!
  • #153
  • Jun 11, 2013 8:45am Jun 11, 2013 8:45am
congrats TallCoolOne, this is by far best EA with a lot of features included that works.
if EA continue to work as expected I will go live, with $4.000

CloseAfterPctProfit = true;
ProfitPct = 3;
2013.06.11 15:39:39 TCO_Trader USDJPY,Daily: Account Profit Reached. All Open Trades Have Been Closed


may I suggest couple features
1. enable/disable EA : true/false
2. hidden TP : true/false
3. hidden SL : true/false
Forex can only be understood backwards, but it must be traded forwards.
  • #154
  • Jun 11, 2013 9:02am Jun 11, 2013 9:02am
Quoting prozor7
congrats TallCoolOne, this is by far best EA with a lot of features included that works. if EA continue to work as expected I will go live, with $4.000 CloseAfterPctProfit = true; ProfitPct = 3; 2013.06.11 15:39:39 TCO_Trader USDJPY,Daily: Account Profit Reached. All Open Trades Have Been Closed may I suggest couple features 1. enable/disable EA : true/false 2. hidden TP : true/false 3. hidden SL : true/false
Hi Prozor, I'm glad you are having good success with it and thanks for your kind words. Please really test it though before you go live. I would work through a couple of trend reversals so we experience the gnashing of teeth, heartburn and night sweats as we go through some DD, because you know it is coming. We had a bout of it last Monday and it seemed like everyone was running around like chicken little. When you backtest the EA you can really see the ebb and flow of DD and profit. If you go live, I would use min lot sizing too or the 0.01 per 1000 option, until you get comfortable with the DD and profit cycle. Just my 2 cents. We shouldn't blow any accounts with these methods if we are smart. I'm gong to add a margin protection limit to this EA in the next update. So we won't take any more trades once that level is reached.

As far as your suggested features. I think they are good ideas and we can add them. I think with the hidden TP and SL, we should still send the broker a protective SL just in case the markets goes against us and for some reason the EA is not able to monitor the current price to trigger the hidden SL. I should be able to add these in the next update. Thanks for your suggestions. TCO
  • #155
  • Jun 11, 2013 9:59am Jun 11, 2013 9:59am
Hello TCO. Been experimenting with your new EA. H1 chart. Use_EMA_Trend = true, Use_MACD_Trend = true. Why did TCO_Trader open a buy trade on in the attached pic when both MACD and EMA are trending down?

Thanks for your assistance.
Attached Image (click to enlarge)
Click to Enlarge Name: TCO_Pic1.png Size: 122 KB
  • #156
  • Jun 11, 2013 9:59am Jun 11, 2013 9:59am
Quoting jdva
{quote} TCO, no issues so far, option CloseTradesOnOppositeSignal occurs this night on sold EURJPY and GBPJPY with losses of 150 and 165 pips, the new opened buys are currently slightly in the red, no trade for GBPCHF....all other 17 pairs show green pips together +4% on equity....! Thanks and happy trading, jdva
I got whipsawed this morning so far by the CTOOS option on EURJPY and GBPJPY but nevertheless I think it is an usefull option. I cannot complain about 10% equity increase in two days...! Thx TCO!
I never lose - either I win or I learn...
  • #157
  • Jun 11, 2013 10:03am Jun 11, 2013 10:03am
Quoting EasyRyder
Hello TCO. Been experimenting with your new EA. H1 chart. Use_EMA_Trend = true, Use_MACD_Trend = true. Why did TCO_Trader open a buy trade on in the attached pic when both MACD and EMA are trending down? Thanks for your assistance. {image}
Maybe post your settings screen(s) so we can take a look?

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #158
  • Jun 11, 2013 10:08am Jun 11, 2013 10:08am
Quoting EasyRyder
Hello TCO. Been experimenting with your new EA. H1 chart. Use_EMA_Trend = true, Use_MACD_Trend = true. Why did TCO_Trader open a buy trade on in the attached pic when both MACD and EMA are trending down? Thanks for your assistance. {image}

EasyRyder, there are 3 different trend determination methods in the EA, I think you should choose just one of them on a single chart...IMO

HT jdva
I never lose - either I win or I learn...
  • #159
  • Jun 11, 2013 10:17am Jun 11, 2013 10:17am
Quoting jdva
{quote} EasyRyder, there are 3 different trend determination methods in the EA, I think you should choose just one of them on a single chart...IMO HT jdva
You might be correct. However, if the EA would allow for two, or three, thread determination criteria, it would help to filter out periods of trend change, when you don't want to be in the market. My opinion, and my experience. Thanks for your reply.
  • #160
  • Jun 11, 2013 10:40am Jun 11, 2013 10:40am
Quoting EasyRyder
{quote} You might be correct. However, if the EA would allow for two, or three, thread determination criteria, it would help to filter out periods of trend change, when you don't want to be in the market. My opinion, and my experience. Thanks for your reply.

Hi EZ, I'm not sure on why the trades were taken. I know when the EA is first attached, sometimes weird trades are opened and this is troubling. I need to nail that down. As far as using multiple trend determination methods as a filter for the overall trend - I have thought of that also as a toggle on/off option. The 3 current methods seem to be profitable so I'm not sure if there is a need to add that filter at the moment.
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