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TCO Trader EA

  • #461
  • Jun 19, 2013 1:55pm Jun 19, 2013 1:55pm
Quoting ukmartin
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

Hi UK, welcome to the thread. I hope it all goes well for you. I'm closing all trades at 3% profit at the moment. You can download my set files in post one and use them. It might be better to just set atr tp to 3 and atr sl to 2 and let the chips fall where they may. You need to find out what you are comfortable with. Look at Erebus's method. This may suit you too.
  • #462
  • Jun 19, 2013 2:38pm Jun 19, 2013 2:38pm
TCO,
I was wondering if the trend shows ranging, will it open a trade at any time? This particular questions pertains to the current G/U 20/50 strategy. Thanks
  • #463
  • Jun 19, 2013 3:11pm Jun 19, 2013 3:11pm
Quoting MKFXTrader
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? {image}
I can see your logic. I am testing all three strategies and the MacD strategy is not doing very well in comparison to the others. I see that maybe switching to Stochastics might help that some. Thanks for the charts. A few minutes ago we had a big move and the MacD strategy took a big hit, while the other 2 survived and actually made a big profit move.
Gary
  • #464
  • Jun 19, 2013 4:12pm Jun 19, 2013 4:12pm
Quoting MKFXTrader
TCO, I was wondering if the trend shows ranging, will it open a trade at any time? This particular questions pertains to the current G/U 20/50 strategy. Thanks
1. Define "ranging"

2. What is "current" G/U 20/50 strategy? Was there a previous G/U 20/50 strategy?

3. If you are not already doing so, I strongly suggest that you run this EA on a DEMO account and watch it in real time

4. To the best of my knowledge, once the trading conditions have been met, the EA makes the trade

5. There are endless possibilities of settings, so how to best answer your vague question?

6. When the student is ready, the teacher will appear

It takes a lot for me to IGNORE you, but you can try.
  • #465
  • Jun 19, 2013 4:17pm Jun 19, 2013 4:17pm
Quoting Erebus
{quote} 1. Define "ranging" 2. What is "current" G/U 20/50 strategy? Was there a previous G/U 20/50 strategy? 3. If you are not already doing so, I strongly suggest that you run this EA on a DEMO account and watch it in real time 4. To the best of my knowledge, once the trading conditions have been met, the EA makes the trade 5. There are endless possibilities of settings, so how to best answer your vague question? 6. When the student is ready, the teacher will appear
erebus,
The word "current" pertains to the G/U chart not the 20/50 strategy. I just want to confirm no trade will take place when it shows ranging.
Attached Image (click to enlarge)
Click to Enlarge Name: G-U Hourly.jpg Size: 74 KB
  • #466
  • Jun 19, 2013 4:24pm Jun 19, 2013 4:24pm
Quoting TallCoolOne
{quote} 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!
What you need as your signature is the picture below

And me as your business manager

Go 20 / 50 GO
Attached Image
It takes a lot for me to IGNORE you, but you can try.
  • #467
  • Edited 4:29pm Jun 19, 2013 4:26pm | Edited 4:29pm
Quoting MKFXTrader
{quote} erebus, The word "current" pertains to the G/U chart not the 20/50 strategy. I just want to confirm no trade will take place when it shows ranging. {image}
Well, that is easy, you obviously have it running just fine, so are able to answer your very own question!

If the green price label on your chart shows where it is, looks like it is neither above BOTH 20/50 or below BOTH 20/50, so therefore = ranging

Did it trade or not?
It takes a lot for me to IGNORE you, but you can try.
  • #468
  • Jun 19, 2013 4:31pm Jun 19, 2013 4:31pm
Quoting Erebus
{quote} Well, that is easy, you obviously have it running just fine, so are able to answer your very own question! Did it trade or not?
Why you insist yelling at me, with your all caps and bold lettering on? I've only been courteous towards you in all of my post, on each thread. If you can't be courteous back, then just ignore the question, or me altogether.
  • #469
  • Jun 19, 2013 4:37pm Jun 19, 2013 4:37pm
Quoting Erebus
{quote} What you need as your signature is the picture below And me as your business manager Go 20 / 50 GO {image}
----------------------------------------
Erebus: Good evening!

On my demo I am using your current settings.
Today's my results reached almost 50% of your results, amazing!
Thank you for all the guidance and constant help.
To all, TCO, 100pips, Erebus, thanks for this generosity.
Regards,
rswamy
  • #470
  • Jun 19, 2013 4:57pm Jun 19, 2013 4:57pm
Quoting MKFXTrader
TCO, I was wondering if the trend shows ranging, will it open a trade at any time? This particular questions pertains to the current G/U 20/50 strategy. Thanks

When it is ranging the price should be between the EMAs. So technically we are not in a trend according to 100PipsADay's strat, if I understand it correctly.
  • #471
  • Jun 19, 2013 4:59pm Jun 19, 2013 4:59pm
Quoting Erebus
{quote} What you need as your signature is the picture below And me as your business manager Go 20 / 50 GO {image}

I like it.....lets go pro.
  • #472
  • Jun 19, 2013 5:25pm Jun 19, 2013 5:25pm
Quoting TallCoolOne
{quote} I like it.....lets go pro.
Results are looking really good, especially through the trauma of today's blood bath - well done folks
"To live with Passion, it takes Courage and Grace to survive"
  • #473
  • Jun 19, 2013 9:15pm Jun 19, 2013 9:15pm
Quoting Britpip7
{quote} Results are looking really good, especially through the trauma of today's blood bath - well done folks
Precisely what I was thinking. If the system can handle this kind of day, that's pretty promising.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #474
  • Jun 20, 2013 1:55am Jun 20, 2013 1:55am
Thanks for your help TCO, all makes perfect sense. I decided to give Erebus's settings a go, as he seems to be having a lot ofsuccess. (thanks Erebus)

But looks like I got off to a bad start after yesterdays volatility, just woke up to find 6 trades all got stopped out.

Here's hoping for better things today

Martin
  • #475
  • Jun 20, 2013 3:11am Jun 20, 2013 3:11am
Quoting MKFXTrader
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? {image}
The formula to calculate Williams’ Percent Range oscillator is similar to the one used to calculate the Stochastic Oscillator:
WPR : %R = (MAX (HIGH (i - n)) - CLOSE (i)) / (MAX (HIGH (i - n)) - MIN (LOW (i - n))) * 100
STO : %K = (CLOSE - MIN (LOW (%K))) / (MAX (HIGH (%K)) - MIN (LOW (%K))) * 100

Where:
CLOSE – current close price;
MIN (LOW (%K)) – the lowest bottom within the number of %K periods;
MAX (HIGH (%K)) – the highest top within the number of %K periods.
%D = MA (%K, N)
Where:
N – smoothing period;
MA – moving average.

as you can see in image below when you setup period =1 and %D =1 you have STO = WPR
Attached Image

I ask you to share indy (pointed with arrow) and what setup do you recommend, you didn't answer
Attached Image


thx
Forex can only be understood backwards, but it must be traded forwards.
  • #476
  • Jun 20, 2013 3:20am Jun 20, 2013 3:20am
Quoting prozor7
{quote} The formula to calculate Williams’ Percent Range oscillator is similar to the one used to calculate the Stochastic Oscillator: WPR : %R = (MAX (HIGH (i - n)) - CLOSE (i)) / (MAX (HIGH (i - n)) - MIN (LOW (i - n))) * 100 STO : %K = (CLOSE - MIN (LOW (%K))) / (MAX (HIGH (%K)) - MIN (LOW (%K))) * 100 Where: CLOSE – current close price; MIN (LOW (%K)) – the lowest bottom within the number of %K periods; MAX (HIGH (%K)) – the highest top within the number of %K periods. %D = MA (%K, N) Where: N – smoothing period; MA – moving average. as you...
Yes, I am well aware that Stochastics is smoother. The settings I use is 14,3,3. As for attaching the indicator, TCO doesn't want us posting other indies or EA's in here.
  • #477
  • Jun 20, 2013 4:45am Jun 20, 2013 4:45am
Quoting MKFXTrader
{quote} Yes, I am well aware that Stochastics is smoother. The settings I use is 14,3,3. As for attaching the indicator, TCO doesn't want us posting other indies or EA's in here.
Yes, best stick with the rules, I wouldn't mention any names either

Now speaking of Stochastic, I had a look back about 6 pages but can't seem to find the discussion on it?

Or was it in the 20 / 50 thread? I will try MKFXTrader setting of 14,3,3 to start.

Just wondering what might be an appropriate setting, and why, for the 1 hour charts, thanks

Attached Image (click to enlarge)
Click to Enlarge Name: 0028.png Size: 45 KB
It takes a lot for me to IGNORE you, but you can try.
  • #478
  • Jun 20, 2013 5:27am Jun 20, 2013 5:27am
Hi TCO,
My greetings
I have joined the thread now and started trying two of the trend methods
1.All three combined
2. 20/50 EMA METHOD
These I am trying on demo accounts . I have gone through all the postings number of times and keep on reading new postings( old ones also to understand more)
Trying Erebus settings as I find them more successful and understandable.
I feel if following two filters are added in your next EA update,:
1. TURTLE CHANNEL as higher TF trend filter in 20/50 EMA trend method as suggested by Erebus , and,
2. Weekly TF trend as filter in MACD trend method
These two filters may improve the trade success on above two methods.
I am grateful to you and other contributors for providing a wonderful EA whose chances of success seems to be very high with excellent trade management capabilities
  • #479
  • Jun 20, 2013 5:59am Jun 20, 2013 5:59am
I can see where using this particular Stochastic and settings, may have kept those people that take multiple positions, out of 3 losing trades as shown

Of course trade "A" would be a loser no matter how you entered

And the current signal remains to be seen if it makes any pips, but as long as it goes down far enough to set off break even, then no loss at least

The EMA's on daily are being pushed by price, shows how delicate the math is within the EA to trigger the entry

Time will tell ...
Attached Image (click to enlarge)
Click to Enlarge Name: 0029.png Size: 52 KB
It takes a lot for me to IGNORE you, but you can try.
  • #480
  • Jun 20, 2013 6:00am Jun 20, 2013 6:00am
Quoting newentrader
Hi TCO, My greetings I have joined the thread now and started trying two of the trend methods 1.All three combined 2. 20/50 EMA METHOD These I am trying on demo accounts . I have gone through all the postings number of times and keep on reading new postings( old ones also to understand more) Trying Erebus settings as I find them more successful and understandable. I feel if following two filters are added in your next EA update,: 1. TURTLE CHANNEL as higher TF trend filter in 20/50 EMA trend method as suggested by Erebus , and, 2. Weekly TF trend...
Hi New, I'm glad you have joined the thread and I appreciate your diligence in reading all the posts. I think adding the turtle channel should not be a big deal. The actual logic is very easy and I should be able to add that as a trend method. There seems to be some difference of opinion here on this post in regards to the Weekly TF trend as a filter for the MACD trend method. This statement - "These two filters may improve the trade success on the above two methods". There might be a lot of methods that MAY improve the success of the the two methods. But do they. Is it worth adding more complexity to the EA and adding more external parameters that confuse more than it helps. Have you gone back looking at historical weekly charts manually, marking the beginning of the uptrend and the end of the uptrend and then drill down on the daily and hourly charts to see if it kept out of more bad trades than good trades, or did it keep us out of more good trades than bad trades and did it do it on a majority of the pairs or was it a onesie twosie thing. This is what we need to consider before we muck up the EA with (this might work better stuff). Don't get me wrong....I'm not mad....I just get concerned with adding this and that and 2 months from now, we don't even know what this EA was based on or supposed to be. Maybe a little of it is my fault because I added the Ichimoku method and the combined 3 methods. Also don't get me wrong, I like to tinker and add new stuff and strats, but we just need to be careful with how complex we make this EA. So......please do a little historical checking of some pairs and look at the weekly, the daily and hourly for all pairs and see if it really has legs. I can also tinker on my side and add some of these ideas to my test version and do some backtesting. If it doesn't really improve profitability significantly then I probably won't add the extra complexity to the released version. Thanks for your interest and good luck will all of this. TCO.
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