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TCO Trader EA

  • #441
  • Jun 19, 2013 7:00am Jun 19, 2013 7:00am
Quoting TallCoolOne
{quote} I'm using 13 for ATR, but you can set it to what works best for you. I'm aware of TP and SL showing up on the screen display as zero sometimes. I will look into getting the fixed. Thanks!

Hello TOC,

Just finally getting the new bot set up and it fired off 3 trades without setting TP/SL. I have it set to do this by ATR - please see the screen shots. Am I missing something in my settings?

Thx
Attached Images
  • #442
  • Jun 19, 2013 7:48am Jun 19, 2013 7:48am
Quoting baokydev
{quote} Hi Erebus, may i ask if you change your TP/SL on a daily basis base on the ADR of the day?
Do you actually use the EA yet?

One of the options is to have the EA set the Take Profit & Stop Loss based on the ATR or ADR = same thing

So yes, I guess that can change from day to day, but I don't have to do anything

See the picture
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It takes a lot for me to IGNORE you, but you can try.
  • #443
  • Jun 19, 2013 7:55am Jun 19, 2013 7:55am
Quoting Erebus
{quote} You did read Post #1, right? The EA is mainly developed for the 2 strategy named there, and in those threads, the pairs have been mentioned many times; just today 100_pips gave the current stops & take profits for the 20/50 method in that thread. I have had over 200 trades using the 27 pairs of Global Prime (dropped EUR-NOK) the results below, trades of 30 pips and less are classed "break even" But I wouldn't ignore a pair because of those results, what is to say the conditions next week may favor all the less profitable pairs and the...
Erebus, good trading!.. Just a note on NZDUSD results. It is surprising that NU took such a loss -- it has been trending nicely for the past two months. Took a recent pullback and now it is consolidating, but trended for 800+ pips from April through mid-June. Any thoughts on this? You will note that it maintained a nice down-trend for three months. Just necessary to trade the pullbacks and give it room to move. That is what WPR% and the TCO trend logic does. Maybe a different trend strategy would have produced winning results?
  • #444
  • Jun 19, 2013 7:58am Jun 19, 2013 7:58am
Quoting Ragusa
Hi, EREBUS, some questions for you: a)Your new set from post #368 has some modifications compared with the former set you included in post #226: Profitpercent for closing the basket is now 20.0 (previously was 3.0); this is an important variation. Also I noticed that now WPR confirmation is set to “false” (previously was “true”). Also BreakEvenProfit is now 65 (previously 60). May be there are other modifications that I did not noticed. May be you so kind to say something about the logic of these changes? b)In post #417 you say “The small TP are...
Sorry, I nearly missed this post, only your 2nd, pretty sharp questions, not your first rodeo?

I may have posted the wrong set file, in any case, I try to set a very high profit percent becuase I don't want to use but if it ever reaches it, well, I will take it

I do like the W%R to be True, yes I do

By the trailing stops, I meant the Break Even stop +10 pips, my mistake

Now I have that set for 75, no reason

You can see this picture and last post, should be all the information there

Please post your demo results for whatever setting you will try

Good humor, good gracious, I am grumpy old man, just ask my wife

Thanks,
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It takes a lot for me to IGNORE you, but you can try.
  • #445
  • Jun 19, 2013 8:19am Jun 19, 2013 8:19am
Quoting EasyRyder
{quote} Erebus, good trading!.. Just a note on NZDUSD results. It is surprising that NU took such a loss -- it has been trending nicely for the past two months. Took a recent pullback and now it is consolidating, but trended for 800+ pips from April through mid-June. Any thoughts on this? You will note that it maintained a nice down-trend for three months. Just necessary to trade the pullbacks and give it room to move. That is what WPR% and the TCO trend logic does. Maybe a different trend strategy would have produced winning results?
Only started the demo on 5th, I believe it was, there was a huge pullback during 11 to 14 and that is when those trades took place, this is how a portfolio works, some winners, hopefully less losers

History shows 1 full TP, 3 full SL and 4 BE +10 pips, so not bad for 8 trades

I'm sure during that trend you mention, it would capture many pips, and it probably will in future

You can give it room to move when you run your demo; I have my stops and sticking to them
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It takes a lot for me to IGNORE you, but you can try.
  • #446
  • Jun 19, 2013 8:38am Jun 19, 2013 8:38am
Quoting Telac
{quote} Hello TOC, Just finally getting the new bot set up and it fired off 3 trades without setting TP/SL. I have it set to do this by ATR - please see the screen shots. Am I missing something in my settings? Thx {image} {image}

Hi Telac, I will do some more testing with this tonight. Sorry that the TP and SL aren't getting set. I havent' had that issue yet. I will check to see if I can determine what is the cause. Thanks!
  • #447
  • Jun 19, 2013 8:45am Jun 19, 2013 8:45am
Quoting MKFXTrader
{quote} TCO, What I have noticed is that TP and SL only shows up when a trade has been opened on that particular pair. I have mine set up on ATR and this is how it works. It will also happen when you restart your MT4. Even though you have open positions on the pair. It resets the TP/SL to zero until a new position is opened on that same pair again. Just FYI

Thansk MXFX, this makes sense, the display TP and SL are not the external paramters, I set the display TP and SL when we actually have a confirmed trade signal. I will have to look into this to make the external TP and SL the default display TP and SL even before we have a trade. Thanks!
  • #448
  • Jun 19, 2013 9:00am Jun 19, 2013 9:00am
Hi Guys. I know we have a few bugs. I will try to get those ironed out. I kinda like where the EA is as far as features and presentation. Here is what I'm looking at for a few future enhancements and fixes.

- Adding two trend method combinations - Ichi & EMA, Ichi & MACD, EMA & MACD
- Trade Comments - describing trend method
- Display number of bars from last trade - so trader can anticipate when the EA will be trade ready for that pair.
- Possibly add stochastics as an option to use instead of WPR
- Fix display TP and SL where it shows zero
- Make sure the EA is always setting TP and SL

I've had requests for hidden TP and SL, also ATR based jump, trailing and breakeven SL. I'm not sure they are worth the squeeze to add more complexity to the EA and are they really going to be used. I'm sure there are others that were requested.

I would like to get some feed back on these before I spend the time coding. I think we have a pretty stable EA, that seems to be profitable at the moment. I would love to get about 6 months under our belt and really see how this EA functions when we have a few trend cycles and some ranging markets. I think the first 6 items will done rather soon - not sure about the others.

I just like to know what everyone is thinking about this and get some feedback. Thanks!

BTW, many of you have said many nice things and given thanks and your appreciation. I know I haven't responded to all those kind words, but I do appreciate it. I'm glad I can give back and make this EA available and keep making improvments like we are. Thanks for the interest and your patience.
  • #449
  • Jun 19, 2013 9:12am Jun 19, 2013 9:12am
Quoting TallCoolOne
Hi Guys. I know we have a few bugs. I will try to get those ironed out. I kinda like where the EA is as far as features and presentation. Here is what I'm looking at for a few future enhancements and fixes. - Adding two trend method combinations - Ichi & EMA, Ichi & MACD, EMA & MACD - Trade Comments - describing trend method - Display number of bars from last trade - so trader can anticipate when the EA will be trade ready for that pair. - Possibly add stochastics as an option to use instead of WPR - Fix display TP and SL where it shows zero - Make...
Stochastics added without eliminating WPR. Just added as another trigger oscillator.

Maybe you can consider Erebus' turtle channel as a high TF trend indi. I can send you the mq4 file if you want to take a look. I think it gives a smoother breakout signal then 20/50 EMA's. Would be nice to test it based on that trend indi. Love to see how it would work combined together with MACD strategy.

Thanks again TCO.
  • #450
  • Jun 19, 2013 9:18am Jun 19, 2013 9:18am
Quoting MKFXTrader
{quote} Stochastics added without eliminating WPR. Just added as another trigger oscillator. Maybe you can consider Erebus' turtle channel as a high TF trend indi. I can send you the mq4 file if you want to take a look. I think it gives a smoother signal then 20/50 EMA's. Would be nice to test it based on that trend. Love to see how it would work together with MACD. Thanks again TCO.
Hi MX, yes we could make the oscillators a and/or combination. We could try the turtle also. I would need the indicator and the rules for trading it. Just another trend method to add - here we go.....oh my, and every combination will grow geometrically. Oh well.

By the way, I was able to add the TCO Trader MACD explorer to my signature. So all 3 methods can now be watched. Thanks!
  • #451
  • Jun 19, 2013 9:53am Jun 19, 2013 9:53am
Quoting TallCoolOne
{quote} Hi Telac, I will do some more testing with this tonight. Sorry that the TP and SL aren't getting set. I havent' had that issue yet. I will check to see if I can determine what is the cause. Thanks!
Hi TCO,

Strange because it was only the first 3 trades; since then there have been several more all with SL/TP set and I didn't change anything. Anyway, thanks for all your work here.

Cheers
  • #452
  • Jun 19, 2013 10:29am Jun 19, 2013 10:29am
Quoting Telac
{quote} Hi TCO, Strange because it was only the first 3 trades; since then there have been several more all with SL/TP set and I didn't change anything. Anyway, thanks for all your work here. Cheers

Yep...I sent the fix to your platform telepathetically
  • #453
  • Jun 19, 2013 12:28pm Jun 19, 2013 12:28pm
TCO v1.3 from 06/18 09:00 - 06/19 18:00 with setup "4" Ichi & EMA & MACD"
open 10 trades on 5/8 symbols 3 buy 7 sell
8 positive 316 pips
2 negative 105 pips

this is a setup "4"
Is0=-- Ichimoku Trend Settings --
tenkan_sen=8
kijun_sen=21
senkou_span=55
KijunSenSL=0
StopLossBuffer=10
Es0=-- EMA Trend Settings --
EMA_Fast=21
EMA_Slow=55
Ms0=-- MACD Trend Settings --
MACD_Fast=13
MACD_Slow=21
MACD_Signal=8
Ws0=-- Williams % Settings --
WPR_Periods=13
WPR_OB=-13
WPR_OS=-89
WPR_Confirmation=0

I rearrange mq4 file just in case this is set file. (dl and rename "txt" in to "set")
Attached File(s)
File Type: txt tco.txt   2 KB | 347 downloads


Quoting TallCoolOne
- Possibly add stochastics as an option to use instead of WPR
I think it will be the same, max 3-5 pips difference

Quoting TallCoolOne
- I've had requests for hidden TP and SL, also ATR based jump, trailing and breakeven SL. I'm not sure they are worth the squeeze to add more complexity to the EA and are they really going to be used. I'm sure there are others that were requested.
don't bother with hidden TP & SL if this will add more complexity to the code

thx pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #454
  • Jun 19, 2013 12:42pm Jun 19, 2013 12:42pm
Quoting TallCoolOne
{quote} 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.
The EA is programmed to select TF per our settings. So it should not matter what TF the chart sits on. If I am wrong let me know.
Gary
  • #455
  • Edited 1:23pm Jun 19, 2013 12:47pm | Edited 1:23pm
Quoting prozor7
{file} {quote} I think it will be the same, max 3-5 pips difference {quote} don't bother with hidden TP & SL if this will add more complexity to the code thx pro7
NOT TRUE. Besides, the use of stochs gives not only better entry, but lower DD. It's a better representation of PA then WPR which can stretch and retract all while bar is still open. Stoch is much smoother. I've been using it on my live account. Dr Elder suggest Stochastics as a replacement for WPR.
  • #456
  • Jun 19, 2013 12:50pm Jun 19, 2013 12:50pm
Quoting TallCoolOne
Hi Guys. I know we have a few bugs. I will try to get those ironed out. I kinda like where the EA is as far as features and presentation. Here is what I'm looking at for a few future enhancements and fixes. - Adding two trend method combinations - Ichi & EMA, Ichi & MACD, EMA & MACD - Trade Comments - describing trend method - Display number of bars from last trade - so trader can anticipate when the EA will be trade ready for that pair. - Possibly add stochastics as an option to use instead of WPR - Fix display TP and SL where it shows zero -...
Wow, great ideas. I do not know if Stochastic is better than WPR, maybe that is not needed. So far I am finding higher profits with the EMA and the Ichi methods. A combination I think would really be helpful.

Thanks for everything.
Gary
  • #457
  • Jun 19, 2013 12:50pm Jun 19, 2013 12:50pm
Hi TCO

I downloaded the EA yesterday and it looks really exciting.

I've never traded with an EA before, I suppose I didn't like the idea of something opening trades for me, but for some reason was really drawn to your thread.
I ve begun to run some tests on a demo using the 20/50 EMA method, not sure if this is the best one, but will give it a go.

Just wanted to ask about closing trades, should i do this manually when in profit, or do I let the EA close them.

Cheers

martin
  • #458
  • Edited 1:38pm Jun 19, 2013 1:16pm | Edited 1:38pm
Please don't say Stochastics is not needed, unless you have actually used it with this system. I've been using it on my live account with better results then WPR as per Dr Elder's recommendation. Look at this example A/U chart during FOMC release. All within this ONE hourly bar. Look at where WPR is and where stochastics is.
Attached Image (click to enlarge)
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  • #459
  • Jun 19, 2013 1:18pm Jun 19, 2013 1:18pm
Quoting MKFXTrader
{quote} NOT TRUE. Besides, the use of stochs gives not only better entry, but lower DD. It's a better representation of PA then WPR which can stretch and retract all while bar is still open. Stoch is much smoother. I've been using it on my live account. Dr Elder suggest Stochastics as a replacement for WPR.
MKFX what setup you recoment for stoch also can you share stoch.mg4 that you use on yours charts with green and red OB OS

thx pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #460
  • Edited 1:58pm Jun 19, 2013 1:38pm | Edited 1:58pm
Update A/U chart.

Although this chart is using the 20/50 strategy, If you're trading the MACD strategy, a buy trade would've triggered and now you are currently over 120 pips DD while stochastics is barely broken the 50 level yet, much less being oversold. So how is stochastics NOT needed again?
Attached Image (click to enlarge)
Click to Enlarge Name: A-U Hourly.jpg Size: 138 KB
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