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TCO Trader EA

  • #661
  • Jun 24, 2013 9:31am Jun 24, 2013 9:31am
Quoting sabbah
{quote} TCO, Thanks for your answer. Just for reference, which one do you base your tests on (5 or 6 days chart)?

I use IBFX and they do have a 6 daily candles for a week. The Sunday Candle is from 6:00 PM to 8:00 PM EST. Not sure if it makes a great difference or not.
  • #662
  • Jun 24, 2013 2:31pm Jun 24, 2013 2:31pm
Hi Guys, for those people here who wanted stochastics as an alternative lower TF signal - were you expecting the selection to be either Williams % or Stochastics...correct? Not being able to select both at the same time. Please let me know. I'm ready to code the lower TF signal method with the new trend methods and I wanted to confirm that. Thanks!
  • #663
  • Jun 24, 2013 2:40pm Jun 24, 2013 2:40pm
Quoting TallCoolOne
Hi Guys, for those people here who wanted stochastics as an alternative lower TF signal - were you expecting the selection to be either Williams % or Stochastics...correct? Not being able to select both at the same time. Please let me know. I'm ready to code the lower TF signal method with the new trend methods and I wanted to confirm that. Thanks!
TCO,
To be able to select the use of either WPR OR Stochastics on the lower TF, to trigger the trade. Not an option to use both at the same time though. Wouldn't make sense. Thanks TCO
  • #664
  • Jun 24, 2013 2:50pm Jun 24, 2013 2:50pm
Hello!

I wanted to reply to earlier inquiries regarding error 141 when using FXCM’s MT4 platform:

Quoting erin1
Hi TCO First I want to thank you for all your efforts and sharing the EA with us. I opened a new demo account on Tuesday with FXCM-UK to run the EA and FXCM might be the wrong broker for running this EA. But most of the time the SL and TP are not set and I get the message: “error 141- too many requests”. I can insert the SL and TP afterwards and as I use the settings of Erebus later also the SL is moved correctly to BE plus 10 pips. And when the EA tries to open more than 1 trade at the same time I get the same error. I looked through my charts where now the field SL and TP was filled with data but no trade and just added the template with the EA again and when I am quick enough the trade will be taken. But that is not the way to go and it would be nice that the EA can do all on its own and the trades and SL/TP changes are taken by the broker. The EA made nice profits so far. Is it just FXCM or might you have a look at the EA that this will no longer happen. Thanks for an answer. erin1
Quoting TallCoolOne
{quote} Hi Erin, thanks for your kind words. I'm sorry about the 141 error. I have not seen this error with IBFX. I wonder if the EA was trying open many orders at one time and then perform the TP and SL modify and this overwhelmed the FXCM. I'm not sure.
Quoting darkgsg
{quote} Hi TCO, Well, my FXCM demo have the same 141 error too running on my VPS with EA on 12pairs. I ran the EA on Alpari UK for 1 week and did not encounter that same error. Anyway, i did some modifications to the OpenBuyOder,OpenSellOrder and AddStopProfit functions to introduce retries/delays to circumvent the broker server lags and is monitoring the EA behavior now. Cheers ck

Error 141 is ‘too many requests’ and typically occurs when there hasn’t been enough time between the last request and a new request. Mt4 is built to only send and receive 1 request at a time. Sometimes you can get away with sending 2 at a time, but if your local MT4 platform is sending a request after request after request, within a handful of milliseconds, then it will generate error 141.

To fix this does require some modifications to the code, but essentially if the code is modified to only send a request when the previous one was confirmed, or delay each request by X milliseconds, then error 141 should be avoided.

Final thought is that if this EA is running on multiple charts, then there may be issues where the EUR/USD instance of the EA is sending a request at the same time as the GBP/USD and the USD/CHF and the AUD/USD and…… This will generate the same error even if each instance of the EA is only sending one order request at a time; this is because the MT4 platform is sending multiple requests at once. And the solution is the same, either delay each request by a few milliseconds or have the EA wait until the last request was confirmed before sending another.

Hope this helps; best of luck trading to everyone!

Brad
  • #665
  • Jun 24, 2013 4:26pm Jun 24, 2013 4:26pm
Quoting MKFXTrader
{quote} TCO, To be able to select the use of either WPR OR Stochastics on the lower TF, to trigger the trade. Not an option to use both at the same time though. Wouldn't make sense. Thanks TCO

Thanks MK, that is what I was hoping. I just going to make the lower TF toggles on or off. If both are on, it will assume Williams %. TCO.
  • #666
  • Jun 24, 2013 4:28pm Jun 24, 2013 4:28pm
Quoting Brad Bonds
Hello! I wanted to reply to earlier inquiries regarding error 141 when using FXCM’s MT4 platform: {quote} {quote} {quote} Error 141 is ‘too many requests’ and typically occurs when there hasn’t been enough time between the last request and a new request. Mt4 is built to only send and receive 1 request at a time. Sometimes you can get away with sending 2 at a time, but if your local MT4 platform is sending a request after request after request, within a handful of milliseconds, then it will generate error 141. To fix this does require some modifications...

Hi Brad, thanks for you insight. I might have to put some delay code in the order/modify sends. I will probably target that for post 1.4. TCO.
  • #667
  • Jun 24, 2013 4:46pm Jun 24, 2013 4:46pm
Hi TCO. I'm testing your EA with great interest and high expectations. I like your approach with it.

For some days I noticed that the EA did not open that many trades as before until I realised that the max_spread setting was the culprit. By default the setting is set to 5 but most of the symbols have a larger spread. So I had to manually change the max_spread value, and I have lots of charts opened What do you think about calculating the average spread between London close and NY close and then set the max_spread as a % or multiple of the avg spread?

I have also noticed an misbehavior of the ATR TP and ATR SL. Please see attached sshot. Some symbols show a working ATR SL and TP and some not. If you wonder, I have set 3 different copies of your EA each with a different trading method, but they all have the same SL and TP settings.

Thank you.
Aimak
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 240613 - 23:11:59.png Size: 307 KB
  • #668
  • Jun 24, 2013 5:05pm Jun 24, 2013 5:05pm
Quoting Aimak
Hi TCO. I'm testing your EA with great interest and high expectations. I like your approach with it. For some days I noticed that the EA did not open that many trades as before until I realised that the max_spread setting was the culprit. By default the setting is set to 5 but most of the symbols have a larger spread. So I had to manually change the max_spread value, and I have lots of charts opened What do you think about calculating the average spread between London close and NY close and then set the max_spread as a % or multiple of the avg...
The reason only some pairs show SL/TP is that a trade has to open first before the SL/TP is calculated and shows in the settings. The reason it also resets back to zero is if you have to reboot MT4 or you lose an internet connection and it reloads. This has been discussed previously.

As far as max_spread settings, I think what you propose might just be complicating the matter. Just change the max spread manually, save the template and load it on each chart you have open. Simple solution.
  • #669
  • Edited 5:29pm Jun 24, 2013 5:28pm | Edited 5:29pm
Quoting MKFXTrader
{quote} As far as max_spread settings, I think what you propose might just be complicating the matter. Just change the max spread manually, save the template and load it on each chart you have open. Simple solution.
Yes, agree, too complicated, and how about use an ECN broker or at very least, one with decent spreads, maybe even don't trade those pairs - the max spread is there for a reason, save your cash!

It takes a lot for me to IGNORE you, but you can try.
  • #670
  • Jun 24, 2013 5:38pm Jun 24, 2013 5:38pm
Dear TCO
all of us appreciate your effort and for sharing your system
when the EA close all orders in case of percent profit or percent loss or we close any order manually the EA will open another order at the same time specially which in loss as the WPR will be nearly at the trade mode
so the EA need sleep time before start trading for any pair closed either manually or closed from automatically from the EA
I'm not programmer but try to think so I think you need to look at the history orders date with magic numbers before initialization
Thanks very much TCO for your effort
sorry for my language
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #671
  • Edited 7:37pm Jun 24, 2013 7:21pm | Edited 7:37pm
Hello TCO and everyone,

Still running V 1.0 demo, since 6-6 on 6 pairs. Running very conservative lots .01 nano units at IBFX and up about 3.5% account. Turned on breakeven and jumpstop last week, both are working beautifully. Breakeven profit 40 with breakeven SL 5 and jumpstop at 25 seems to lock in profit tight. First moves SL to 5 at 40 profit then sl 25 at 50 profit and so on. Too tight for swing trades but for tests the stop options work great. Will upgrade to new version soon. Thanks for the great EA!


edit: 3.5% doesnt look like much but with nano lots profits are 6000+ pips.
Enter Signature
  • #672
  • Jun 24, 2013 7:54pm Jun 24, 2013 7:54pm
Quoting TallCoolOne
Hi Guys, there may be an issue with the MACD trades, I think it is only taking longs. I will have to take a look at it. So please hold off on the using the MACD trend determination. Thanks!
Hi TCO

Can you pls share with us what are the settings (including take profit, whether its ATR/acct % etc) you used for your demo acct?
Have you started your own EA on Live? Do u leave it automatic or manually adjust it as well?

BTW: I just need the EA to attach to the chart and the rest I can copy to experts/indicators will do? (except the .txt files which are meant for my reading and understanding).

Thanks for this and your hard work to make 20-50ema more stable. I have since "discovered" that 20-50ema sometimes did not calculate the SL properly. Eg Sl=160pips, but the calculated sl would be like 170pips somehow. I would then look at my trades everyday and fix the SL manually. I guess the EA grabs the price at pt of creating the trade then use MT4 functionality of SL/TP to place those levels. If market moves very fast, then sl/tp will be relative to current price, and that accounts for slightly higher sl than 160pips set. Strangely the TP is always correctly set.
  • #673
  • Jun 24, 2013 8:04pm Jun 24, 2013 8:04pm
Quoting Erebus
{quote} If your goal is to close all trades when your trades reach "X" amount of profit, you don't really need the complexity of all the MPTM settings, just use 1 the EA's attached. They are all so simple, they do not even need instructions, someone may find them useful. Cheers, E. {file} {file} {file}

Erebus

Again, thank you for this contribution. Instead of being pesky and asking all sorts of idiotic questions and bugging ppl with settings, etc, this time round, pls accept my contribution (although EA was not written by me). Its a powerful order management EA that allows you to place sl/tp, by symbols, close profit by pips/$, per acct etc. Its called swiss army knife. Pls download and used on Demo to try it.

Note: Original author has also included older versions for log purposes, so install the V1.51 and read the 2 page pdf included for your own understanding. Its simple enough to understand and only ONE ea to attach to experts folder. Place it on any chart, any timeframe, as its not dependent on tick data. It also does reverse trades (hedge) but its upto you whether u would like to let loose this logic.

Have fun, gals and guys
Attached File(s)
File Type: zip Swiss_Army_EA_v1-51.zip   120 KB | 371 downloads
  • #674
  • Jun 24, 2013 11:22pm Jun 24, 2013 11:22pm
I posted somewhere about not liking the look of the price action of EUR-JPY & GBP-JPY because the 20-50 EMA's had not crossed and wondered whether that should be part of the trend filtering, did you see that post TCO?

Anyway, I wasn't quite sure what the Close On Opposite signal would do but now I found out, it closes the current trade AND then the EA opens a trade in the opposite direction, awesome, you can tell TCO that it works

Here is the situation on EUR-JPY, on 1 Hour trading chart; you can look to your Daily chart to see how price is crossing the EMA's

Thanks, TCO !!!
Attached Image (click to enlarge)
Click to Enlarge Name: 0040.png Size: 89 KB
It takes a lot for me to IGNORE you, but you can try.
  • #675
  • Jun 25, 2013 3:01am Jun 25, 2013 3:01am
Hi everyone. First of all, thank you TCO for a great EA. I started testing on monday. I use EMA strategy and 14 pairs 5% total TP and 3% total SL.
  • #676
  • Jun 25, 2013 3:19am Jun 25, 2013 3:19am
Quoting Rainman
Hello TCO and everyone, Still running V 1.0 demo, since 6-6 on 6 pairs. Running very conservative lots .01 nano units at IBFX and up about 3.5% account. Turned on breakeven and jumpstop last week, both are working beautifully. Breakeven profit 40 with breakeven SL 5 and jumpstop at 25 seems to lock in profit tight. First moves SL to 5 at 40 profit then sl 25 at 50 profit and so on. Too tight for swing trades but for tests the stop options work great. Will upgrade to new version soon. Thanks for the great EA! edit: 3.5% doesnt look like much but...
Hi Rainman, thanks for the report on the SL methods. Good to hear. I hope all continues to go well for you. TCO.
  • #677
  • Jun 25, 2013 3:35am Jun 25, 2013 3:35am
Quoting ymleong
{quote} Hi TCO Can you pls share with us what are the settings (including take profit, whether its ATR/acct % etc) you used for your demo acct? Have you started your own EA on Live? Do u leave it automatic or manually adjust it as well? BTW: I just need the EA to attach to the chart and the rest I can copy to experts/indicators will do? (except the .txt files which are meant for my reading and understanding). Thanks for this and your hard work to make 20-50ema more stable. I have since "discovered" that 20-50ema sometimes did not calculate the...
Hi YM, my settings are in post 1. You can just rename tco_ema.txt back to tco_ema.set and put it in the experts/presets folder. I'm currently using 6 hour delay on my demo accounts, but will probably go back to 12 when I go live. So I have not gone live with this yet. I was thinking of going live in July. Thanks for your kind words. Good luck. TCO.
  • #678
  • Jun 25, 2013 3:39am Jun 25, 2013 3:39am
Quoting Erebus
I posted somewhere about not liking the look of the price action of EUR-JPY & GBP-JPY because the 20-50 EMA's had not crossed and wondered whether that should be part of the trend filtering, did you see that post TCO? Anyway, I wasn't quite sure what the Close On Opposite signal would do but now I found out, it closes the current trade AND then the EA opens a trade in the opposite direction, awesome, you can tell TCO that it works Here is the situation on EUR-JPY, on 1 Hour trading chart; you can look to your Daily chart to see how price is crossing...
Hi E, I understand that you wanted the option for the EMA cross. I have added that as a on/off toggle in version 1.4. Thanks1
  • #679
  • Jun 25, 2013 3:43am Jun 25, 2013 3:43am
Quoting Bazhnev
Hi everyone. First of all, thank you TCO for a great EA. I started testing on monday. I use EMA strategy and 14 pairs 5% total TP and 3% total SL.

Good Luck. I hope all goes well. Thanks.
  • #680
  • Jun 25, 2013 4:39am Jun 25, 2013 4:39am
Quoting TallCoolOne
{quote} Hi YM, my settings are in post 1. You can just rename tco_ema.txt back to tco_ema.set and put it in the experts/presets folder. I'm currently using 6 hour delay on my demo accounts, but will probably go back to 12 when I go live. So I have not gone live with this yet. I was thinking of going live in July. Thanks for your kind words. Good luck. TCO.

Hi TCO

Thanks for this reply, I am that blur and didnt realise that u have given me the settings, LOL! TCO, I saw your post in reply to Erebus rgds v1.5, but its still 1.4, waiting anxiously,

PS: Its looks more stable than original 20-50ema and hope to have great results to share with everybody and also hope members of this forum would have a use for Swiss Army knife. Cool tool.
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