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TCO Trader EA

  • #621
  • Jun 23, 2013 3:29am Jun 23, 2013 3:29am
Quoting Erebus
{quote} 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 {file} {file}
Hi Erebus,

A simpler way to accomplish the "2 EA's on one chart" is simply to open a second chart on the same pair on the same MT4 platform so you'd have one chart with the TOC EA and on the other you can dump any other EA or script you want. I do this all the time with the "Close all orders after account profit reached" EA and the "Close all orders after account loss" EA. Works fine even with the main EA running on the same pair - just needs to be separate charts for each EA and in this example actually ends up being 3 EA's running on one pair - just separate charts.

Cheers and thanks so much for your input, help and great ideas on this thread!
  • #622
  • Jun 23, 2013 6:07am Jun 23, 2013 6:07am
Hi Erebus / Telac

OK, thank you. I'll use CloseOnProfit on a second chart.
Nevertheless it may be a cool future feature that the bot would only close his trades identified by the magicnumber.

But ColseOnProfit should do the same. No hurry.

Thank you / best regards

PBPTaker
  • #623
  • Jun 23, 2013 6:09am Jun 23, 2013 6:09am
Hello TCO/Erebus,

Thank you for this excellent EA. I have a question regarding the charts this EA should be used with. I'm running two demos, one with FXCM-USA and the other with AxiTrader.
in FXCM MT4, the charts used are Non-New York Close 6-day Chart, while AxiTrader use New York Close 5-day Chart only. There is a big difference between the two charts on higher timeframes such as D1. So the question is, which charts do you recommend to use with your EA, 5-days (NY close) or 6-days (non-NY close)?

PS. Your post #1 "Higher TF Trend Modes - can be set to whatever Higher TF you desire, the EA is designed to work with one method so if you mark one true, mark the others false." However in v1.3 notes you says: " All three trend methods can be used for trade filter", so maybe you need to update your earlier statement to limit confusion.

Attached Image (click to enlarge)
Click to Enlarge Name: AxiTrader - Screen Shot 2013-06-23 at 1.50.04 PM.png Size: 76 KB

Attached Image (click to enlarge)
Click to Enlarge Name: FXCM - Screen Shot 2013-06-23 at 1.50.19 PM.png Size: 73 KB
  • #624
  • Jun 23, 2013 6:12am Jun 23, 2013 6:12am
Quoting Telac
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

Hi Telac, I can test the next update with the MACD3SS indicator. It shouldn't be an issue. Thanks!
  • #625
  • Jun 23, 2013 6:20am Jun 23, 2013 6:20am
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
Hey PBP, the CloseAfterPctProfit feature in V1.3 will close all trades for all pairs with the same magic number. So you should be able to use multiple EAs on the same account if that is your wish. Thanks for your kind words. Let us know how your testing progresses. TCO.
  • #626
  • Jun 23, 2013 6:24am Jun 23, 2013 6:24am
Quoting ravs_avs
{quote} 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...

Hi Ravs, as far as I know it doesn't repaint, but maybe some of the Third Screen experts can enlighten us. Thanks!
  • #627
  • Jun 23, 2013 7:01am Jun 23, 2013 7:01am
Hi TCO, I am demo ing the two strategies from 100pips. My conclusion is the 3ss is beter than the 2050 ema.
And will go live next week with your EA using macd trend and 3 percent profit and breakeven settings similar to erebus settings. I will run it on a small live acccount with only 4 a 5 pairs.

Wish to thank you for your great EA!
  • #628
  • Jun 23, 2013 8:20am Jun 23, 2013 8:20am
Quoting ravs_avs
{quote} 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...
There are NO repainting indicators used with the systems. You may want to study the behaviour of WPR though in order to better understand how it reacts to violent PA moves while the hourly bar is still open. Though, once a bar is closed, the WPR will mark it's level but nothing repaints. Most repainting indies come in MTF form. Hope this helps.
  • #629
  • Jun 23, 2013 9:57am Jun 23, 2013 9:57am
Quoting ravs_avs
{quote} 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...
Dear
if you use CheckOncePerBar to true you will not suffer any repaint from this system
but if you set it to false all indicator all over the globe is repainting within its time frame as Price change but all indicator used in this system doesn't repaint as the candle end , this system and all effort from TCO are very good
Please check all what i said by yourself
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #630
  • Jun 23, 2013 10:16am Jun 23, 2013 10:16am
Quoting TallCoolOne
{quote} Hi Telac, I can test the next update with the MACD3SS indicator. It shouldn't be an issue. Thanks!
TCO, Telac. I have looked at the code for TCO_Trader.v1.3 and MACD_adjustible. I cannot find source code for MACD3SS. TCO_Trader.v1.3 does not sense the MACDline or the MACDsignalLine. Rather, it looks at the histogram data and gives an uptrend of the histo > 0 and a downtrend if histo < 0. So switching to MACD3SS will not make a difference in the Histo data. The first question should be "is it correct to sense the Histo data instead of the MACDline/MACDsignalLine data?" The MACDLine applies the Fastema and Slowema to the histo data, and is therefore smoothed data. Similarly, the MACDSignalLine applies the Signalema to the MACDLine data, and is again smoothed. The trend that one comes up with will be slightly different around the zero-crossover when using histo data vs MACDLine/MACDSignaLine data, because of the ema's applied to the histo data. 100pipsAday uses the cross of the MACDline and the MACSsignalLine as the trend change signal. TCO_Trader.v1.3 does not currently do that. This is the first question to answer.

If it is decided that the MACD lines should be used, then MACD_adjustible might be a bad choice. The code has been re-worked by different coders and is not very clean code. The buffer management is a mess, and difficult to follow. I would suggest finding a different MACD indi -- maybe MACD3SS?

In summary:

1. TCO_Trader>v1.3 does uses MACD histo data instead of MACDLine crossing MACDsignalLine as the trend indication;
2. 100pipsAday uses the MACDLine crossing the MACDsignalLine as the trend indication;
3. In my opinion, MACD_adjustible is a bad choice because the code has been modified by multiple coders and is difficult to follow.
4. If you want to use MACDline cross MACDSignal, find a good MACD indicator and sense the MACDline and MACDsignal registers to determine trend.
  • #631
  • Jun 23, 2013 10:43am Jun 23, 2013 10:43am
Dear TCO
your system isvery good one and in my opinion you can make update involve
when we set WPR confirmation to true it take an order once the WPR goes to OB and then to range area and this will take the order early roughly as we set it to false so we can let the order to be taken after % change(retrace) from highest level roughly 20% from the price not from the WPR indicator and the WPR must leave the OB area
i.e another confirmation to trigger order called
PriceAndWPRConfirmatin mean price retrace 20% from high (for the last candle) and WPR leave OB area (sure this for sell and opposite for buy)
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #632
  • Jun 23, 2013 12:21pm Jun 23, 2013 12:21pm
Quoting EasyRyder
{quote} TCO, Telac. I have looked at the code for TCO_Trader.v1.3 and MACD_adjustible. I cannot find source code for MACD3SS. TCO_Trader.v1.3 does not sense the MACDline or the MACDsignalLine. Rather, it looks at the histogram data and gives an uptrend of the histo > 0 and a downtrend if histo < 0. So switching to MACD3SS will not make a difference in the Histo data. The first question should be "is it correct to sense the Histo data instead of the MACDline/MACDsignalLine data?" The MACDLine applies the Fastema and Slowema to the histo data, and...
Hi EasyRider, I read entire TSS Thread and 20%50ema thread and if I'm not wrong yes 100pipsaday does use mainly MACDLine crossing MACDsignalLine but he also said to someone else who asked that histo can also be used without any particular difference ... I'm also I don't see big differences ....
  • #633
  • Jun 23, 2013 12:30pm Jun 23, 2013 12:30pm
Quoting Sasco_me
Dear TCO your system isvery good one and in my opinion you can make update involve when we set WPR confirmation to true it take an order once the WPR goes to OB and then to range area and this will take the order early roughly as we set it to false so we can let the order to be taken after % change(retrace) from highest level roughly 20% from the price not from the WPR indicator and the WPR must leave the OB area i.e another confirmation to trigger order called PriceAndWPRConfirmatin mean price retrace 20% from high (for the last candle) and WPR...
This sounds very confusing. Right now you already have a choice where WPR must exit OB/OS levels for a trade to occur. You just set confirmed to true. When you set it to false it just has to enter OB/OS zone when in tick mode, or close inside the zone if set to bar mode. I think anymore choices then this will be very confusing.
  • #634
  • Jun 23, 2013 1:31pm Jun 23, 2013 1:31pm
Quoting TallCoolOne
{quote} Hey PBP, the CloseAfterPctProfit feature in V1.3 will close all trades for all pairs with the same magic number. So you should be able to use multiple EAs on the same account if that is your wish. Thanks for your kind words. Let us know how your testing progresses. TCO.
OK, actually I thought that this must be the case (because coding an ea without to use the magicnumber for each trade-manipulation makes no sense to me, because each time when if coded little mq4 snippets I had to identify them by the magicnumber). For me it is always important to know if an certain ea is manipulating other ea's trades. I have had allready some paid eas which closed manual opened trades.

I'll start tomorrow the third sceen strategy from 100pips with no traling stop with the SL / TP levesl from 100pips. I'll let the TCO run on 20/50 with SL / TP according to the ATR and with Closeonoppositesignal=true on the same pairs. I'll create two myfxbook-links asap to let you know the results. Thank you PBPTaker
  • #635
  • Jun 23, 2013 1:45pm Jun 23, 2013 1:45pm
Quoting acosma
{quote} Hi EasyRider, I read entire TSS Thread and 20%50ema thread and if I'm not wrong yes 100pipsaday does use mainly MACDLine crossing MACDsignalLine but he also said to someone else who asked that histo can also be used without any particular difference ... I'm also I don't see big differences ....
I agree with you. I have spent more time than I should have today looking at the two (Histo vs MACDline), and agree that there is very little difference.
  • #636
  • Jun 23, 2013 2:07pm Jun 23, 2013 2:07pm
Quoting Sasco_me
Dear TCO your system isvery good one and in my opinion you can make update involve when we set WPR confirmation to true it take an order once the WPR goes to OB and then to range area and this will take the order early roughly as we set it to false so we can let the order to be taken after % change(retrace) from highest level roughly 20% from the price not from the WPR indicator and the WPR must leave the OB area i.e another confirmation to trigger order called PriceAndWPRConfirmatin mean price retrace 20% from high (for the last candle) and WPR...
Boy, this kind of thing makes me glad I didn't start a thread for my 20/50 EA. Yikes.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #637
  • Jun 23, 2013 2:47pm Jun 23, 2013 2:47pm
Quoting turtlefan
{quote} Boy, this kind of thing makes me glad I didn't start a thread for my 20/50 EA. Yikes. TF
Any clues what its all about?
  • #638
  • Jun 23, 2013 2:50pm Jun 23, 2013 2:50pm
Quoting turtlefan
{quote} Boy, this kind of thing makes me glad I didn't start a thread for my 20/50 EA. Yikes. TF

I hear ya Scott. I'm totally confused. Like I said earlier, once 1.4 is released I'm pretty much done with new development. I just want to get the bugs fixed and see how it trades Thanks1
  • #639
  • Jun 23, 2013 3:16pm Jun 23, 2013 3:16pm
Quoting TallCoolOne
{quote} I hear ya Scott. I'm totally confused. Like I said earlier, once 1.4 is released I'm pretty much done with new development. I just want to get the bugs fixed and see how it trades Thanks1
Sounds like an excellent plan, my friend. I think you've done more than enough.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #640
  • Jun 23, 2013 5:10pm Jun 23, 2013 5:10pm
Quoting claudia1
{quote} Any clues what its all about?
Oh, it's just my version of the EA for the 100Pips 20/50 EMA method. At the beginning of the 20/50 thread, I had fixed the problems that Khaled's EA had and had added some other features, several of which have now been incorporated into TCO's EA. It has worked well for me from the beginning. Once TCO introduced his EA and decided to share it on a thread, there was really no reason for me to do the same with mine, and I'm glad it never came to that. I'm glad to see TCO is going to put the cap on his EA after v1.4. Otherwise, I'm afraid some folks wouldn't be satisfied until it had 100 possible indicators built into it. In my opinion, it's got PLENTY of features and options as-is and just needs to be tested thoroughly at this point to clean up any bugs or inefficiencies.

TurtleFan
Prices are never too high to begin buying or too low to begin selling.
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