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TCO Trader EA

  • #541
  • Jun 21, 2013 5:26am Jun 21, 2013 5:26am
Quoting forexdaist
{quote} Hey Hennessy, I've got same doubt as you in AUD/JPY pair. I was going to post same question. If you look daily chart price is above EMAs so we have to look just for buy positions. Two times the EA opened a sell order when the William % Range was OB in 1H TF. That isn't make any sense regards to EMA 20-50 estrategy. By the way I'm using same Erebus settings posted in this thread in #226 post. Just the EMA estrategy with WPR_confirmation set to true. Can anuybody help to clariry this problem? Thank you in advence Toni
Oh my. What's going on today? Need an espresso.
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  • #542
  • Jun 21, 2013 5:27am Jun 21, 2013 5:27am
Quoting Hennessy
Hi all, Am using TCO Trader EA with 20 EMA & 50 EMA. Read 100PipsADay Thread on how this system works and my understanding is to look at Daily Chart for Buy or Sell Signal. Price above 20 EMA & 50 EMA = Buy Price below 20 EMA & 50 EMA = Sell We then look at H1 on William % Range for Entries. Now my question below is in this 2 pics shows that price in Daily is above 20 EMA & 50 EMA so we should be looking for buy positions right? {image} Next in H1 shows that William % Range is OverSold. {image} Now why did the EA enter a sell trade here? Trying...

Hi Hennessy, I think I see the issue. If you are using my template. The template is designed for the lower TF chart. So what you are seeing on the hourly chart are the daily trend methods as they look on the hourly chart. So when you switch to daily chart, the trend method indicators will not be correct. What I suggest is you open a fresh daily chart and put a 20/50 ema on there. You will see we are in a down trend. I know that is confusing. I just like to see what the Williams % is dong on the lower TF since that is the trade trigger, so I adjusted the trend TF indicators to look how they would on the hourly chart. So you don't have to keep switching between charts. You can always look at the lower TF chart and see things as they are. I zoom my charts out quite a bit so I can see all the trend methods clearly on the chart. If you are going to use tick mode and not bar mode, then you could use 100Pips daily charts and switch back and forth to see the daily and hourly. Whatever suits you. Sorry for the confusion. I hope that is clear. Let me know if you have any questions. Thanks!
  • #543
  • Jun 21, 2013 5:34am Jun 21, 2013 5:34am
Quoting TallCoolOne
{quote} Hi Hennessy, I think I see the issue. If you are using my template. The template is designed for the lower TF chart. So what you are seeing on the hourly chart are the daily trend methods as they look on the hourly chart. So when you switch to daily chart, the trend method indicators will not be correct. What I suggest is you open a fresh daily chart and put a 20/50 ema on there. You will see we are in a down trend. I know that is confusing. I just like to see what the Williams % is dong on the lower TF since that is the trade trigger, so...
Hi TCO,

thank you for your prompt reply. So meaning to say the settings for the H1 EMA settings are correct at 480 and 1200?

Attached Image
  • #544
  • Jun 21, 2013 5:39am Jun 21, 2013 5:39am
Quoting Hennessy
{quote} Hi TCO, thank you for your prompt reply. So meaning to say the settings for the H1 EMA settings are correct at 480 and 1200? {image}
Yes. You can go into properties(visualization) and just set it to read on the hourly TF only, then add another one to only show on the daily and have it set up to read 20/50.
  • #545
  • Jun 21, 2013 5:41am Jun 21, 2013 5:41am
Ok Guys, I'm seeing some confusion on the template and indicator settings on the charts. There can be an issue here or not. It depends if you use bar mode or tick mode. Please look in the post to know what the difference is. If you are using bar mode ( less resource intensive) then the EA must go on the lower TF chart. If you are using tick mode ( more responsive trading, more resource intensive) then you can use the daily chart or the hourly chart. The template that I posted is designed for the hourly chart. The on-chart indicators in my template have had the periods changed so that they look like they should on the hourly chart. So you are seeing the daily trend on the hourly chart...basically. So if you switch to the daily chart, the trends will not be correct as far as the indicators on the chart. So please keep that in mind. If you are going to use tick mode and you want to use daily charts for the EA then I would use 100Pips template and then just attach my EA. Then you can switch to hourly to see what the Williams % is doing. The indicators on the chart have no affect on the the decisions that the EA makes, all the indicators are coded internal to the EA, it doesn't use any information from the screen. The charts are just for our visual benefit. But I want to reiterate, if you are going to use bar mode. You need to be on the lower TF chart, which for most of us is the hourly. You could stick the EA on a naked chart with no indicators and it will still do its thing. I hope this is clear. I know it can be confusing. Please please let me know if anything is unclear about this. Thanks!
  • #546
  • Jun 21, 2013 5:45am Jun 21, 2013 5:45am
Quoting Hennessy
{quote} Hi TCO, thank you for your prompt reply. So meaning to say the settings for the H1 EMA settings are correct at 480 and 1200? {image}

Yes, absolutely. This is how the trend would look on the hourly chart. So the settings had to be changed. If you left it as 20/50 on the hourly chart, then we would be looking at the hourly 20/50 trend and not the daily 20/50 trend. Thanks for the questions. I know when I issued the template there was going to be some confusion. I started doing it this way along time ago, because I hated switching charts. so I just set up the lower TF chart so that I could see the daily trend on the hourly chart. TCO
  • #547
  • Jun 21, 2013 5:51am Jun 21, 2013 5:51am
Quoting Erebus
Brought to you at great expense and huge personal hardship, today's 20 / 50 report Yesterday - 25 closed trades - +$2,658.63 * I only just thought about using the MT4 History day setting to screen this out * Now I can go back on daily basis for each day Currently as I type, 24 open trades, give or take +$8,000 I don't know what I was thinking yesterday, but I wanted to reach 50% gain and I thought it was FRIDAY and would never make! Now, I realize it is Friday, and the Trade Explorer is saying EQUITY = $158,000 So, see what today's trading...
Erebus,

I use same settings as you since wenedsday but the EA just opened 5 trades in all that time: 2 EUR/GBP, 2 AUD/JPY and 1 USD/CAD. Is it posible? Are your statistics from past weeks? Don't seem to match my trades with yours...


thanks, and go on posting your thoghts, very helpful indeed!
Toni
  • #548
  • Jun 21, 2013 5:57am Jun 21, 2013 5:57am
Quoting TallCoolOne
Ok Guys, I'm seeing some confusion on the template and indicator settings on the charts. There can be an issue here or not. It depends if you use bar mode or tick mode. Please look in the post to know what the difference is. If you are using bar mode ( less resource intensive) then the EA must go on the lower TF chart. If you are using tick mode ( more responsive trading, more resource intensive) then you can use the daily chart or the hourly chart. The template that I posted is designed for the hourly chart. The on-chart indicators in my template...

Very clear TCO!!!

I'm using bar mode, I'll keep the EA and template in 1H chart.
Thank you!!!
  • #549
  • Jun 21, 2013 5:58am Jun 21, 2013 5:58am
Quoting TallCoolOne
Ok Guys, I'm seeing some confusion on the template and indicator settings on the charts. There can be an issue here or not. It depends if you use bar mode or tick mode. Please look in the post to know what the difference is. If you are using bar mode ( less resource intensive) then the EA must go on the lower TF chart. If you are using tick mode ( more responsive trading, more resource intensive) then you can use the daily chart or the hourly chart. The template that I posted is designed for the hourly chart. The on-chart indicators in my template...
TCO,
I think it's going to be nice to be able to mix match HTF trend following strategies in the next update. I see potential by using a couple of filters on the daily, while using Stochs on the hourly to pull the trigger. It'll be more conservative, but efficiency is all that matters, no? Can't wait.
  • #550
  • Jun 21, 2013 6:02am Jun 21, 2013 6:02am
Quoting MKFXTrader
{quote} Yes. You can go into properties(visualization) and just set it to read on the hourly TF only, then add another one to only show on the daily and have it set up to read 20/50.
Actually, am starting to understand what TCO is trying to say here. His template is meant for H1 so that we can keep an eye on the WPR for triggers and at the same time view the daily trends on the H1 chart itself without having to switch the need to back and forth.

Edit: Sorry didnt read ur previous post as above. But thanks for the clarification TCO. Prefer your template, lesser headaches of switching back and forth.
  • #551
  • Jun 21, 2013 6:06am Jun 21, 2013 6:06am
Quoting Hennessy
{quote} Actually, am starting to understand what TCO is trying to say here. His template is meant for H1 so that we can keep an eye on the WPR for triggers and at the same time view the daily trends on the H1 chart itself without having to switch the need to back and forth.
Yep. you got it. If you ever want to switch to the daily, just add the indie again and set it to read only on daily with 20/50 settings. It's just multiplying the settings by TF. Good to know for your future reference.
  • #552
  • Edited 7:06am Jun 21, 2013 6:30am | Edited 7:06am
Hi Erebus

I am running a demo also @ Global Prime for about a week, same settings as you, but i am getting completly diferent results.

Could you please post your set file? I know you posted some images of your settings... Maybe i am missing something...:nerd:

Myfxbbok link

http://www.myfxbook.com/members/pt20...-204807/611073


Best regards

PT
  • #553
  • Jun 21, 2013 6:52am Jun 21, 2013 6:52am
My set file
Attached File(s)
File Type: txt tco.txt   2 KB | 226 downloads
  • #554
  • Jun 21, 2013 7:25am Jun 21, 2013 7:25am
Quoting forexdaist
{quote} Erebus, I use same settings as you since wenedsday but the EA just opened 5 trades in all that time: 2 EUR/GBP, 2 AUD/JPY and 1 USD/CAD. Is it posible? Are your statistics from past weeks? Don't seem to match my trades with yours... thanks, and go on posting your thoghts, very helpful indeed! Toni
Only 5 trades? How many pairs open / charts open?

There are 37 open trades right now, all you have to do is click the link in this message, go to Trade Explorer and do research there

I have made all settings "Public" so you can see all information, dollar amount, trade size, time, price, everything!!!!

Here is screen shot of all open now, including high light the trades you mention, I have the same 5 - check the price, small difference will be broker that's all

Wednesday was 19th right, it is all there, don't know what more can I do?

Down now -$1,550

Statistics are from account open on June 5, only 2 weeks now, I didn't make anything up!

Good luck
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It takes a lot for me to IGNORE you, but you can try.
  • #555
  • Edited 8:25am Jun 21, 2013 7:50am | Edited 8:25am
Thank´s for the reply,

I am using all 23 pairs available at GP plus xau.
Will take a look at your trade explorer and posts ...
just opened another demo, same pairs same settings 2 Armada and see how it goes.

best Regards

PT

Edit: Just noticed the reply wasnt for me
  • #556
  • Jun 21, 2013 8:28am Jun 21, 2013 8:28am
Erebus & TCO NOW I AM LOST BETWEEN SETTINGS

​DO U PLEASE QUOTE LA LAST UPDATE SITTING TO TRY IT DEMO

THANKS IN ADVANCE

AMIR
  • #557
  • Jun 21, 2013 8:35am Jun 21, 2013 8:35am
Quoting Erebus
{quote} Only 5 trades? How many pairs open / charts open? There are 37 open trades right now, all you have to do is click the link in this message, go to Trade Explorer and do research there I have made all settings "Public" so you can see all information, dollar amount, trade size, time, price, everything!!!! Here is screen shot of all open now, including high light the trades you mention, I have the same 5 - check the price, small difference will be broker that's all Wednesday was 19th right, it is all there, don't know what more can I do? Down...
I don't know what happen. I trade 18 pairs, all with TCO EA and your settings. It could be maybe a broker problem... Since I wrote you I have 4 more open positions: USD/CAD, AUD/JPY, EUR/AUD, AUD/USD. But, in instance, the EA doesn't open the EUR/CAD which was looking similar as EUR/AUD.

Any idea about this problem?


Toni
  • #558
  • Jun 21, 2013 8:53am Jun 21, 2013 8:53am
Erebus, I would like to ask you why you run in tick mode (CheckOncePerBar = false). I cannot argue with your results -- I applaud you. You will get more trades, but at a penalty it would seem. Daily candle will not always be closed above/below 20/50; will whiplash around 20/50; trade platform slows down even more when running large number of pairs, as we all are; might want to trade on a VPS when trading live because of duration of open trades, and VPS's do not provide the necessary resource to trade large number of pairs. But again, cannot argue with results. Can you share your thoughts on this?
  • #559
  • Jun 21, 2013 8:56am Jun 21, 2013 8:56am

  1. Post# 520
  2. I THINK THAT IS ONE OF THE YOUR SITTING EREBUS IS CORRECT?

  • #560
  • Jun 21, 2013 8:57am Jun 21, 2013 8:57am
Quoting Amirsaid
Erebus & TCO NOW I AM LOST BETWEEN SETTINGS ​DO U PLEASE QUOTE LA LAST UPDATE SITTING TO TRY IT DEMO THANKS IN ADVANCE AMIR
Just make them up, how do you trade, what are your risk tolerance, short term - long term, big account - small account, get on the bucking horse and ride it!

It's Friday, late, had a few wines, wait till next week and I will give you secret to make your millions $$$$$

It takes a lot for me to IGNORE you, but you can try.
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