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TCO Trader EA

  • #601
  • Jun 21, 2013 2:23pm Jun 21, 2013 2:23pm
TCO,
EA has opened both buy AND sell positions...I am using version 1.2..what could cause this?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6-21-2013 3-11-01 PM.png Size: 83 KB
Click to Enlarge Name: 6-21-2013 3-15-15 PM.png Size: 84 KB
  • #602
  • Jun 21, 2013 2:31pm Jun 21, 2013 2:31pm
Quoting crobbins
TCO, EA has opened both buy AND sell positions...I am using version 1.2..what could cause this? {image} {image}
Crobbins. What strategy are you using? What do you have the EA set to? Looks to me you have it set to MACD strategy. MACD is flipping to the long side.
  • #603
  • Jun 21, 2013 2:39pm Jun 21, 2013 2:39pm
Quoting MKFXTrader
{quote} Crobbins. What strategy are you using? What do you have the EA set to? Looks to me you have it set to MACD strategy. MACD is flipping to the long side.


20/50 EMAs
Attached Image (click to enlarge)
Click to Enlarge Name: settings chfjpy.png Size: 77 KB
  • #604
  • Jun 21, 2013 2:43pm Jun 21, 2013 2:43pm
Quoting crobbins
{quote} 20/50 EMAs {image}
Sorry but I can't see the attachment. I can't enlarge the picture. Maybe you should just download the new update v1.3, as the layout is even more user friendly.
  • #605
  • Jun 21, 2013 2:46pm Jun 21, 2013 2:46pm
Quoting MKFXTrader
{quote} Sorry but I can't see the attachment. I can't enlarge the picture. Maybe you should just download the new update v1.3, as the layout is even more user friendly.
try this...click on the attachment...then put magnifying glass on and click once again and it should then be large for you to see well
  • #606
  • Jun 21, 2013 2:47pm Jun 21, 2013 2:47pm
Quoting crobbins
{quote} 20/50 EMAs {image}
I don't know if it will solve the problem, but you shoud set "Check once per bar" to TRUE.
From your statement it looks as some SELLs and BUYs were opened during the same hour...anyhow the D1 trend should not change that quickly...
  • #607
  • Jun 21, 2013 3:00pm Jun 21, 2013 3:00pm
Quoting Olarion1975
{quote} I don't know if it will solve the problem, but you shoud set "Check once per bar" to TRUE. From your statement it looks as some SELLs and BUYs were opened during the same hour...anyhow the D1 trend should not change that quickly...
please see attached...it appears to me that more than 6 hours elapsed between these trades
Attached Image
  • #608
  • Edited 3:21pm Jun 21, 2013 3:10pm | Edited 3:21pm
Quoting crobbins
{quote} please see attached...it appears to me that more than 6 hours elapsed between these trades {image}
Nothing is wrong bro. Look at PA last two days. Yesterday price closed above 20/50 EMA and today it retraced thus opening the buy position. One buy position may have opened on an hourly retrace yesterday of a breach above 20/50. Nothing is wrong. May also due to your broker server time as well. If you want, you can disable until you get more of a trend or set for positions to be closed out on opposite signal.
Attached Image
  • #609
  • Jun 21, 2013 3:11pm Jun 21, 2013 3:11pm
Quoting crobbins
{quote} please see attached...it appears to me that more than 6 hours elapsed between these trades {image}
Yes, between the SELLs are min. 6 hours and between the BUYs are 6 hours.
But between two BUYs and SELLs there was opened one trade each in the same hour...

12:28 buy
13:00 sell

20:09 sell
20:57 buy

It's quite strange, I would install the latest version 1.3 from scratch and try again.
  • #610
  • Jun 21, 2013 3:16pm Jun 21, 2013 3:16pm
Quoting Olarion1975
{quote} Yes, between the SELLs are min. 6 hours and between the BUYs are 6 hours. But between two BUYs and SELLs there was opened one trade each in the same hour... 12:28 buy 13:00 sell 20:09 sell 20:57 buy It's quite strange, I would install the latest version 1.3 from scratch and try again.
His sells and buys are on different days. Nothing is wrong.
  • #611
  • Jun 21, 2013 3:51pm Jun 21, 2013 3:51pm
Quoting MKFXTrader
{quote} Nothing is wrong bro. Look at PA last two days. Yesterday price closed above 20/50 EMA and today it retraced thus opening the buy position. One buy position may have opened on an hourly retrace yesterday of a breach above 20/50. Nothing is wrong. May also due to your broker server time as well. If you want, you can disable until you get more of a trend or set for positions to be closed out on opposite signal. {image}
I agree that since the daily candle closed above the 20/50 that nothing was wrong to begin to take the buy trades. However, according to the intention of 100pips, the EA should not allow hedging. I believe that is also TCOs intent but hopefully he can let us know if this is otherwise.
Attached Image (click to enlarge)
Click to Enlarge Name: 100 pips on hedging.png Size: 198 KB
  • #612
  • Jun 21, 2013 4:38pm Jun 21, 2013 4:38pm
Quoting crobbins
{quote} I agree that since the daily candle closed above the 20/50 that nothing was wrong to begin to take the buy trades. However, according to the intention of 100pips, the EA should not allow hedging. I believe that is also TCOs intent but hopefully he can let us know if this is otherwise. {image}
Those are the rules within Khaled's EA. It is not the rules of the strategy. My guess is either Khaled didn't have the experience to program it any other way, or he made the EA for 100pip based on FIFO rules since 100pip lives in the U.S.

TCO's EA, only has an option for you to close on opposite signal. I don't want an EA to be setup the way khaled has his programmed. I would rather suggest turning off the EA on that particular pair when you see a potential change in trend, and you have positions open. Logic tells me though, it would be best to cut your losses and go with the new trend, instead of holding onto the position and waiting for it to hit your SL. This is if you are truly trading the third screen strategy, and not trading as a long term position trader.
  • #613
  • Jun 21, 2013 8:03pm Jun 21, 2013 8:03pm
Quoting crobbins
{quote} I agree that since the daily candle closed above the 20/50 that nothing was wrong to begin to take the buy trades. However, according to the intention of 100pips, the EA should not allow hedging. I believe that is also TCOs intent but hopefully he can let us know if this is otherwise. {image}

Hi Crobbins, it was not my intent to allow the EA to hedge, but to only trade in one direction. This should be fixed in v1.3 in post 1. Thanks!
  • #614
  • Jun 22, 2013 12:00am Jun 22, 2013 12:00am
Quoting MKFXTrader
{quote} Erebus, Can you clarify ..
what settings is the most efficient in your experience of running this EA?
Are you still using the setup from post #226 or #520 or #442 and #444?

Maybe you have different setup for each demo. I'm test running multiple setups, but I haven't ran it as long as you have. Thank you
E...just curious
Which setup is that you found to be the best so far?

Thanks
i worshipped... Momentum
  • #615
  • Jun 22, 2013 1:34am Jun 22, 2013 1:34am
Quoting crobbins
TCO, EA has opened both buy AND sell positions...I am using version 1.2..what could cause this? {image} {image}
Hi crobbins,

Set "Close_Trades_On_Opposite_Signal" to true.

If set to false the open trades will go until TP or SL and the EA will open new trades following the latest valid signal until the max.order is reached.

aiti
  • #616
  • Jun 22, 2013 3:35am Jun 22, 2013 3:35am
Quoting TallCoolOne
{quote} My wife and I are blessed with 5 boys. All at college age. The only thing that would require more patience is 4 boys + 1 girl....sorry Claudia . So God has prepared me to have patience. So all is good. Thanks!
lol just saw this one. Good week end to all!
  • #617
  • Jun 22, 2013 8:18am Jun 22, 2013 8:18am
Hi TCO,

I was just looking at the latest in the other threads and noticed this: http://www.forexfactory.com/showthre...61#post6771161

Thought you may want to have a look since we are using MACD adjustable.

Cheers
  • #618
  • Jun 22, 2013 3:07pm Jun 22, 2013 3:07pm
Dear TCO / Erebus & Co

I just want to thank for your work. I'll test the TCO 20/50 and the thirdscreen from 100PipsAday run together on two demoaccounts starting the same time.

I just wonder what "Global Trade Profit Target based on percentage of account balance, will close all trades (the entire basket for all pairs)" really means. Does it close all trades opened from the bot identified by the magicnumbers, or does it close every trade (even manually, and other from different EAs opened trades)?

thank you

PBPTaker
  • #619
  • Jun 22, 2013 11:02pm Jun 22, 2013 11:02pm
Quoting PBPTaker
Dear TCO / Erebus & Co I just want to thank for your work. I'll test the TCO 20/50 and the thirdscreen from 100PipsAday run together on two demoaccounts starting the same time. I just wonder what "Global Trade Profit Target based on percentage of account balance, will close all trades (the entire basket for all pairs)" really means. Does it close all trades opened from the bot identified by the magicnumbers, or does it close every trade (even manually, and other from different EAs opened trades)? thank you PBPTaker
I believe that it will close every trade that is open in the account regardless of how it was opened.

I can give you a CloseByProfit EA that will only close trades for the pair of the chart it is applied to if you like

Problem is, you can only run 1 EA per chart, so need to remove the trading EA and apply the Take Profit EA

Or have a complete set of charts open in another MT4 running side by side, not as silly as it sounds

As I will be trialing something along these lines for a few weeks

Attached File(s)
File Type: ex4 CloseAtProfit.ex4   13 KB | 282 downloads
File Type: mq4 CloseAtProfit.mq4   14 KB | 272 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #620
  • Jun 23, 2013 12:05am Jun 23, 2013 12:05am
Quoting TallCoolOne
Hi Guys/Gals, I have decided to start my own thread for my EA, I simplified the EA name - TCO Trader It is based on a couple of 100PipsADay strategies and one of my own. Basically it determines the daily trend using 3 different methods (select 1) and then uses the Williams% to enter trades on the lower TF. 2 of the Trend Method by 100PipsADay - He and others are doing very well with it on FF. 100PipsADay 20/50 EMA Method - http://www.forexfactory.com/showthread.php?t=425041 100PipsADay Third Screen MACD Method - http://www.forexfactory.com/showthread.php?t=382032...
Hi TCO/Erebus,

Thanks for sharing this fabulous system and EA. I have been manually demo testing the third screen system for a little while now and also have the EA attached to various charts. The results from the EA as well as from manual tests have been extremely pleasing.

The reason for this post was to congratulate you and others in this thread for their contribution and ask a question which is pondering in my mind regarding the macd_adjustable.mq4 indicator. I can see that it is very efficient in discovering the main trend without even missing it once. And the kind of success which I am having makes me wonder if their are any re-painting indicators used in this strategy.

Because I have been often fooled by repainting indicators and doesn't want to put my trust in this system to only realize later on that the indicators repaint.

Please confirm that their are no repainting indicators used in this system.

Thanks and regards,
Ravs
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