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TCO Trader EA

  • #381
  • Jun 18, 2013 7:02am Jun 18, 2013 7:02am
Quoting Telac
{quote} Great news TCO! Would you say that the new updated EA can replace the last version on charts with open trades - in other words will it carry on trading my demo that is currently being traded by the previous version correctly, given the settings are the same? Also, regarding my previous thoughts about a weekly filter which really is the third screen - please check this post, if it can be coded it may be something to look into: http://www.forexfactory.com/showthre...79#post6760079 Thx

Hi Telac,

The EA should pick up where it left off. Please verify all the settings. The way of selecting the trend method has changed. So if you are using MACD you would enter a 3(three). Thanks.

Trend_Method = 1 <- - Select 1 of the 6 trend methods. Ichimoku is currently selected.
1. Ichimoku Only
2. 20/50 EMA Only
3. MACD Only
4. Ichi & EMA & MACD
5. GoLong Only
6. GoShort Only

I can add the weekly filter to the MACD strategy on the next update.
  • #382
  • Jun 18, 2013 7:18am Jun 18, 2013 7:18am
Quoting Telac
{quote} Great news TCO! Would you say that the new updated EA can replace the last version on charts with open trades - in other words will it carry on trading my demo that is currently being traded by the previous version correctly, given the settings are the same? Also, regarding my previous thoughts about a weekly filter which really is the third screen - please check this post, if it can be coded it may be something to look into: http://www.forexfactory.com/showthre...79#post6760079 Thx
What you are posting there with this link IS NOT a desription of Dr. Alexander Elder's third screen strategy. That particular poster has come up with his own trading system and IS NOT Dr. Elder's system in which he describes. I suggest you read his book, or at least the first post on 100pips "third screen strategy thread". If you want to trade off the weekly chart then use 10080 as your High TF and 1440 for the Short TF. The EA and 100pip's system is a variation of Dr. Elder system. It's only missing the third screen which you need to read to understand what it is. It is NOT what you have posted. There isn't a need to add a filter to the weekly EA, IMO.

I vote to K.I.S.S

I only request Stochastics as a trigger oscillator as Dr. Elder describes can be used with this system in replace of WPR.
  • #383
  • Jun 18, 2013 7:19am Jun 18, 2013 7:19am
Quoting MKFXTrader
{quote} What you are posting there with this link IS NOT a desription of Dr. Alexander Elder's third screen strategy. That particular poster has come up with his own trading system and IS NOT Dr. Elder's system in which he describes. I suggest you read his book, or at least the first post on 100pips "third screen strategy thread". If you want to trade off the weekly chart then use 10080 as your High TF and 1440 for the Short TF. The EA and 100pip's system is a variation of Dr. Elder system. It's only missing the third screen which you need to...

Hi MKFX, thanks for the strategy clarification.
  • #384
  • Jun 18, 2013 8:01am Jun 18, 2013 8:01am
Quoting MKFXTrader
{quote} What you are posting there with this link IS NOT a desription of Dr. Alexander Elder's third screen strategy. That particular poster has come up with his own trading system and IS NOT Dr. Elder's system in which he describes. I suggest you read his book, or at least the first post on 100pips "third screen strategy thread". If you want to trade off the weekly chart then use 10080 as your High TF and 1440 for the Short TF. The EA and 100pip's system is a variation of Dr. Elder system. It's only missing the third screen which you need to...
MKFXTrader,

First of all let me make clear that I did not advocate the post I referenced link as part of Dr. Elders specific system. Dr. Elder uses various indicators to identify the components of his system. Any set of indicators that is best able to determine the weekly trend is good. I apologize and it was incorrect to say that we were missing the 3rd screen - it is the first screen that we are missing. A very good nutshell overview can be found here and it is taken directly from Dr. Elders book:
Inserted Video


I understand what you are saying about the time frame choices - however, even 100pipes has made it clear in several posts that the weekly trend is important in making good trade decisions with his strategy, that is why he often posts the weekly bias. The time when this is obviously most important is when there is a trend reversal - and this is where 100pips advocates using PASR on the weekly chart to look for possible turning points. 100piips actually took time outs trading his 20/50 strategy due to looking at longer time frames showing the possibility of a reversal.

A weekly filter would definitely be useful and I dare say 100pips would agree. Here is a direct quote from a post he made: " I am a firm believer in Price Action @ Support / Resistance (PASR) especially when it comes to the larger time frames e.g. weekly & monthly. This helps me to identify potential trend reversals which will then in turn help me to make better trades on the D1"
  • #385
  • Edited 8:38am Jun 18, 2013 8:14am | Edited 8:38am
Quoting Telac
{quote} MKFXTrader, First of all let me make clear that I did not advocate the post I referenced link as part of Dr. Elders specific system. Dr. Elder uses various indicators to identify the components of his system. Any set of indicators that is best able to determine the weekly trend is good. I apologize and it was incorrect to say that we were missing the 3rd screen - it is the first screen that we are missing. A very good nutshell overview can be found here and it is taken directly from Dr. Elders book: http://www.youtube.com/watch?v=dSQzcbCsOS8...
Video not needed, as I've read the book. 100pips use of PA at SR is understandable but is NOT Dr Elder's system. Yes, Dr Elder mentioned different oscillators in his example of the second screen. His trade example in the book was also using Weekly as the trend and daily to pull the trigger using the third screen(missing in 100pips system). But Dr. Elder also says it can be used with any TF choice, as long as it is in multiples of 5 or more.

What you posted as a link was the poster's own trading strategy using various methods like RSI above..., yada, yada, ya... If you want to use the weekly as your trend then I've suggested the settings within the EA. Change the trend TF to weekly, and daily as trigger TF. You can also just manually set EA on whichever pair to trade only long or short. If you want to use the weekly searching for S&R then I think it's fair that you should do it manually. You don't need an EA to do that for you, unless you plan on writing it yourself, for I would conclude that it would be very time consuming. It's safe to say TCO has done a great job giving us what we currently have. Would you agree? Besides, as you already know by being a trader, everyone draws and recognizes S&R differently.

Cheers
  • #386
  • Jun 18, 2013 8:20am Jun 18, 2013 8:20am
Fantastic new updates, on new upgrade maybe include ability to change Comment. That way if we are running two strategies we can tell them apart.
Gary
  • #387
  • Jun 18, 2013 8:27am Jun 18, 2013 8:27am
Quoting MKFXTrader
{quote} You can also just manually set EA on whichever pair to trade only long or short. If you want to use the weekly searching for S&R then I think it's fair that you should do it manually. You don't need an EA to do that for you, unless you plan on writing it yourself, for I would conclude that it would be very time consuming. It's safe to say TCO has done a great job giving us what we currently have. Would you agree? Besides, as you now being a trader, everyone draws and recognizes S&R differently. Cheers
MKFXTrader,

It was never my intent to pick an argument with you on Dr. Elders system - after all, everything we have here is due to 100pips and his utilization of some of the principals of that system. TCO is working on an EA and asking us all for observations and suggestions and I have simply given mine based on what 100pips has said; and he has already graciously agreed to add a weekly filter in the next release. Of course we can all look at the charts and make our determinations about when or when not to run the EA or to simply trade manually. However, the very purpose of an EA is to automate and all I was trying to do was to suggest a modification that could help to improve that process.
  • #388
  • Jun 18, 2013 8:32am Jun 18, 2013 8:32am
Quoting Telac
{quote} MKFXTrader, It was never my intent to pick an argument with you on Dr. Elders system - after all, everything we have here is due to 100pips and his utilization of some of the principals of that system. TCO is working on an EA and asking us all for observations and suggestions and I have simply given mine based on what 100pips has said; and has has already graciously agreed to add a weekly filter in the next release. Of course we can all look at the charts and make our determinations about when or when not to run the EA or to simply trade...
Nor was it my intent to argue either. I was only merely pointing to the fact that a weekly filter is not needed with this system. If you feel the need to use PASR on the weekly, it would take no time to just flip to a weekly chart and mark your own S&R levels since everyone draws them differently and then run the EA. Not to mention, it would be very labor intensive and probably cpu heavy.

Cheers. Happy Trading
  • #389
  • Jun 18, 2013 8:38am Jun 18, 2013 8:38am
Quoting alpine4133
Fantastic new updates, on new upgrade maybe include ability to change Comment. That way if we are running two strategies we can tell them apart.

Hi Alpine, this is a good suggestion. I will added it to the next release. Thanks!
  • #390
  • Jun 18, 2013 9:19am Jun 18, 2013 9:19am
Hi ToolCoolOne

Very good job TCO
I tried it with demo account but the problem come from when you put it on the chart for the first time as we knew that you can put it on the chart at a different time with different price and the same type of order will taken so the result will changed
but at all it is very good job from you

also TCO what is the ability to let the EA deal with multi pair from one chart ?

Sorry for my language

Thank you very much
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #391
  • Jun 18, 2013 9:36am Jun 18, 2013 9:36am
Quoting Sasco_me
Hi ToolCoolOne Very good job TCO I tried it with demo account but the problem come from when you put it on the chart for the first time as we knew that you can put it on the chart at a different time with different price and the same type of order will taken so the result will changed but at all it is very good job from you also TCO what is the ability to let the EA deal with multi pair from one chart ? Sorry for my language Thank you very much
Hi Sasco, sorry I'm not sure about the issue you are describing.

The EA is not designed as a multi-pair trader to be attached to only one chart. It must be loaded on every chart of the pairs you want to trade. Thanks!
  • #392
  • Jun 18, 2013 11:02am Jun 18, 2013 11:02am
Quoting alpine4133
is anyone getting error 133 trade is disabled? I check with my broker and that is not the problem I reinstalled the platform so that is not the problem.

I'm getting the same error now on Usd/Jpy. Runs for the hourly bar while the trade is valid then stops. Anyone come up with a fix yet?
  • #393
  • Jun 18, 2013 11:12am Jun 18, 2013 11:12am
Quoting spyderman
{quote} I'm getting the same error now on Usd/Jpy. Runs for the hourly bar while the trade is valid then stops. Anyone come up with a fix yet?
Spydie,
Download the new updated EA released today.
  • #394
  • Jun 18, 2013 11:22am Jun 18, 2013 11:22am
Quoting spyderman
{quote} I'm getting the same error now on Usd/Jpy. Runs for the hourly bar while the trade is valid then stops. Anyone come up with a fix yet?
Mine was not an EA problem. Come time find out my platform was bad and stopped everything from trading. I reinstalled it and that did not help. I had to make a new directory and reinstall ( not over previous version ).
Gary
  • #395
  • Jun 18, 2013 11:22am Jun 18, 2013 11:22am
Quoting MKFXTrader
{quote} Spydie, Download the new updated EA released today.
Already have version 1.3 running.
  • #396
  • Jun 18, 2013 12:17pm Jun 18, 2013 12:17pm
Quoting spyderman
{quote} Already have version 1.3 running.

Hi Spydey, when I look up the error, it looks like your broker is not allowing you to trade. I haven't gotten this error. So i'm not sure what the issue is.
  • #397
  • Jun 18, 2013 12:21pm Jun 18, 2013 12:21pm
Quoting TallCoolOne
{quote} Hi Spydey, when I look up the error, it looks like your broker is not allowing you to trade. I haven't gotten this error. So i'm not sure what the issue is.

Weird. I'm using the same broker as I have running Khaled's ea and it's trading Usd/Jpy fine.
  • #398
  • Jun 18, 2013 12:26pm Jun 18, 2013 12:26pm
Quoting TallCoolOne
{quote} Hi Spydey, when I look up the error, it looks like your broker is not allowing you to trade. I haven't gotten this error. So i'm not sure what the issue is.
Never used EA's in my trading before last few weeks but, I didn't know brokers could prevent you from using EA's. Are they also able to see if it's an EA placing trades? Does it leave a footprint or something? Can they see how it's programed and what indie it's running? Thx
  • #399
  • Jun 18, 2013 12:32pm Jun 18, 2013 12:32pm
Quoting TallCoolOne
{quote} Hi Spydey, when I look up the error, it looks like your broker is not allowing you to trade. I haven't gotten this error. So i'm not sure what the issue is.
Your results on your explorer looks good..could you post your setup???
  • #400
  • Jun 18, 2013 1:59pm Jun 18, 2013 1:59pm
Quoting Afarensis
{quote} Your results on your explorer looks good..could you post your setup???
Sure Afarensis, when I get home I will put my 3 set file on here. I also have a demo for Ichimoku and MACD, I just need to get the trade explorers set up. I have been busy getting v1.3 coded and the new instructions done and haven't done it yet.

Thanks for your interest. TCO.
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