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TCO Trader EA

  • #401
  • Jun 18, 2013 2:35pm Jun 18, 2013 2:35pm
Combine Strategies.... I really like how you have a number for each strategy. Much cleaner. I'm wondering if it would be to restrictive to combine EMA and MACD or Ich and EMA strategies....

I also noticed in he information screen we can select Tick or Bar method, but I did not see an option in the EA for that choice.

Gary
Gary
  • #402
  • Jun 18, 2013 2:38pm Jun 18, 2013 2:38pm
Quoting alpine4133
Combine Strategies.... I really like how you have a number for each strategy. Much cleaner. I'm wondering if it would be to restrictive to combine EMA and MACD or Ich and EMA strategies.... I also noticed in he information screen we can select Tick or Bar method, but I did not see an option in the EA for that choice. Gary
Gary,
It's under the setting "Check once per bar" - Set to true for bar mode(Only check at close of candle on the lower TF) and false for tick mode.

Cheers
  • #403
  • Jun 18, 2013 2:47pm Jun 18, 2013 2:47pm
Quoting MKFXTrader
{quote} Gary, It's under the setting "Check once per bar" - Set to true for bar mode(Only check at close of candle on the lower TF) and false for tick mode. Cheers
Thank you. I have never trade the tick before. I'm thinking the difference is that it the price can hit the OB or OS and take a trade without waiting for the end of the 60 min bar. Is that the difference?

Could I unselect "Check once per bar and also check WPR confirmation to true? Or would that be logical?
Gary
  • #404
  • Jun 18, 2013 2:54pm Jun 18, 2013 2:54pm
Just a thought. There is a lot of concern in the Third Screen Forum and the 20/50EMA Forum about getting caught when the trend reverses. So maybe something like this would help.

We are using Lower TF like 60 for the trigger to take the trade. Maybe we should look at the higher TF 1440 to decide where to trade that pair at all. For instance when the 1440 is OB like maybe past -95 we should stop trading until it come back down on the other side and start shorting. When it is over sold on the 1440 TF of say -10 or lower we stop trading that pair until it came back to -20 ......

Gary
Gary
  • #405
  • Jun 18, 2013 2:58pm Jun 18, 2013 2:58pm
Quoting alpine4133
Combine Strategies.... I really like how you have a number for each strategy. Much cleaner. I'm wondering if it would be to restrictive to combine EMA and MACD or Ich and EMA strategies.... I also noticed in he information screen we can select Tick or Bar method, but I did not see an option in the EA for that choice. Gary
Gary,
to combine EMA and MACD would be powerfull. (I see Nanningbobs 10.4 trendtrading and 100pips MACD Trading) Less trades but more secure.
Perhaps it is possible to code. TCO made allready an amazing product.
  • #406
  • Jun 18, 2013 3:17pm Jun 18, 2013 3:17pm
Quoting tebis
{quote} Gary, to combine EMA and MACD would be powerfull. (I see Nanningbobs 10.4 trendtrading and 100pips MACD Trading) Less trades but more secure. Perhaps it is possible to code. TCO made allready an amazing product.

I'm thinking more reliable and maybe safer to go one notch higher on the TF and get longer term trades.
Gary
  • #407
  • Jun 18, 2013 3:20pm Jun 18, 2013 3:20pm
Quoting alpine4133
{quote} Thank you. I have never trade the tick before. I'm thinking the difference is that it the price can hit the OB or OS and take a trade without waiting for the end of the 60 min bar. Is that the difference? Could I unselect "Check once per bar and also check WPR confirmation to true? Or would that be logical?
Yes. Please refer to post #306, #312, #333 and #334.

Cheers
  • #408
  • Jun 18, 2013 3:24pm Jun 18, 2013 3:24pm
Quoting alpine4133
{quote} I'm thinking more reliable and maybe safer to go one notch higher on the TF and get longer term trades.
If you wish, you can use Weekly (10080) as your trend TF, and daily(1440) as your lower TF(trigger TF) as Dr Elder writes as an example in his book. I recommend though, reading the trading threads of the particular strategy to answer any other questions you may have pertaining to strategy. The EA also has instructions as to the settings.

Cheers
  • #409
  • Jun 18, 2013 3:40pm Jun 18, 2013 3:40pm
Quoting MKFXTrader
{quote} If you wish, you can use Weekly (10080) as your trend TF, and daily(1440) as your lower TF(trigger TF) as Dr Elder writes as an example in his book. I recommend though, reading the trading threads of the particular strategy to answer any other questions you may have pertaining to strategy. The EA also has instructions as to the settings. Cheers
Yes I do understand that. I am also concerned with finding a way to stop trading the 1440tb is OB or OS to avoid the potential of a trend change during a trade.
Gary
  • #410
  • Jun 18, 2013 3:57pm Jun 18, 2013 3:57pm
Quoting alpine4133
Combine Strategies.... I really like how you have a number for each strategy. Much cleaner. I'm wondering if it would be to restrictive to combine EMA and MACD or Ich and EMA strategies.... I also noticed in he information screen we can select Tick or Bar method, but I did not see an option in the EA for that choice. Gary

Hi Gary,



CheckOncePerBar if set to true, you will be in bar mode, if set to false you will be in tick mode.

I thought about allowing just 2 strats to be combined for trend determination. Maybe I will add that as a future option, it just adds more complexity and i'm not sure it is worth the squeeze.
  • #411
  • Jun 18, 2013 4:01pm Jun 18, 2013 4:01pm
Quoting alpine4133
{quote} Yes I do understand that. I am also concerned with finding a way to stop trading the 1440tb is OB or OS to avoid the potential of a trend change during a trade.
That will be a judgement call on your part because as you know the saying goes "there is no such thing as PA being in oversold in a downtrend, or overbought in an uptrend". That is why often times you see oscillators staying in OB/OS areas for long periods of time during those conditions. This is also why using Dr. Elder's strategy of pulling the trigger on the lower TF while using the Higher TF trend works.

Cheers
  • #412
  • Jun 18, 2013 4:35pm Jun 18, 2013 4:35pm
TCO,
Do we still need to leave the chart on the lower TF(trading TF) for the EA to trigger the trade? If this is true, then is there any way you can change this at next update? I remember Khaled's EA, it didn't matter what TF you left the chart on. Thx

Cheers
  • #413
  • Jun 18, 2013 5:30pm Jun 18, 2013 5:30pm
Quoting MKFXTrader
TCO, Do we still need to leave the chart on the lower TF(trading TF) for the EA to trigger the trade? If this is true, then is there any way you can change this at next update? I remember Khaled's EA, it didn't matter what TF you left the chart on. Thx Cheers

If you are tick mode, it shouldn't matter, but if you are on bar mode, you will want to keep it on the lower TF.
  • #414
  • Jun 18, 2013 5:31pm Jun 18, 2013 5:31pm
Hi Guys,

I posted my set files in post 1. If you want to use them just download them and rename back to *.set for each file. Thanks!
  • #415
  • Jun 18, 2013 5:39pm Jun 18, 2013 5:39pm
Quoting tebis
{quote} Gary, to combine EMA and MACD would be powerfull. (I see Nanningbobs 10.4 trendtrading and 100pips MACD Trading) Less trades but more secure. Perhaps it is possible to code. TCO made allready an amazing product.
Question: What the heck are you going to do when there are conflicting signals, MACD is Green, price is under 20/5 EMA's ???

See example below

Also, you can do this now manually, use setting GoLongOnly or GoShortOnly, but time consuming as every chart has to be checked

Maybe we need another TREND qualifier? OH, wait, I have one

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #416
  • Jun 18, 2013 5:50pm Jun 18, 2013 5:50pm
Quoting Erebus
{quote} Question: What the heck are you going to do when there are conflicting signals, MACD is Green, price is under 20/5 EMA's ??? See example below Also, you can do this now manually, use setting GoLongOnly or GoShortOnly, but time consuming as every chart has to be checked Maybe we need another TREND qualifier? OH, wait, I have one {image}

Well if you select all 3 trends which is number 4 in the trend selection menu. Then all 3 have to be in uptrend for the EA to take a buy or all 3 have to be in a downtrend for the EA to take a sell. So I think it will a more conservative approach.
  • #417
  • Edited 7:12pm Jun 18, 2013 7:11pm | Edited 7:12pm
Quoting tebis
{quote} Gary, to combine EMA and MACD would be powerfull. (I see Nanningbobs 10.4 trendtrading and 100pips MACD Trading) Less trades but more secure. Perhaps it is possible to code. TCO made allready an amazing product.

Quoting TallCoolOne
{quote} Well if you select all 3 trends which is number 4 in the trend selection menu. Then all 3 have to be in uptrend for the EA to take a buy or all 3 have to be in a downtrend for the EA to take a sell. So I think it will a more conservative approach.
So basically, this is what tebis request but not quite, going to end up with 10 to 12 choices for trend determination

Anyway, update on my demo, heaps of TP hit yesterday, closed EUR-GBP manually, 3 full SL hit, marked "X" (thanks GBP )

The small TP are trailing stops hit, saved the account for sure!

Some draw down as I post, about $1,000 - click below to go to Trade Explorer, there you can see more statistics

Thanks to TCO, an awesome EA for sure
Attached Image(s) (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #418
  • Jun 18, 2013 7:45pm Jun 18, 2013 7:45pm
Quoting Erebus
{quote} Question: What the heck are you going to do when there are conflicting signals, MACD is Green, price is under 20/5 EMA's ??? See example below Also, you can do this now manually, use setting GoLongOnly or GoShortOnly, but time consuming as every chart has to be checked Maybe we need another TREND qualifier? OH, wait, I have one {image}
Nicely Done - As this is more of a PASR discussion than the EA, thought I'd throw in my comments

The question on trends becomes interesting as to which you believe in. I have always had the RSI 10 running in the background (each to their own and not suggesting this is in the EA) purely as a sanity check. IF PA does not break and close above / below the 20EMA (2oEMA acting as a dynamic S/R) and RSI has not closed above 51 / below 49, then I view the moves as a pause with a good possibility of continuation.

MACD on day charts showing an upturn with daily candles setting a new LH / LL would never convince me to go long. Now if we are hammering a strong support level then the game changes. AU current example. 9400 becomes a key price level which PA has been using as support, so looks like a strong Demand Zone is setting up and looking for PA to move north and close higher before entering.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audusddaily pa 9400.png Size: 35 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #419
  • Edited 2:19am Jun 19, 2013 2:03am | Edited 2:19am
TCO
2 bugs if I may regarding display status in v1.3
1. show settings = false / doesn't delete text from the screen
2. TP and SL on status is always "0"

suggestion regarding status window
countdown from last to the next trade - this way user will know when EA will execute next trade.
simple number for example if EA is setup for 8H delay as soon it is executed timer say 7H and counting, because when EA executed in 07:59 next order will be ready to execute in 15:00 with 8H delay

thx pro7
PS hope that in next release you will include hidden TP and SL
Forex can only be understood backwards, but it must be traded forwards.
  • #420
  • Jun 19, 2013 2:15am Jun 19, 2013 2:15am
Hello,
Congratulations TallCoolOne for this beautiful EA, I would like to know what are the currency pairs recommended and not recommended for TCO Trader..

Sorry for my eng.. im Italian..

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