Disliked{quote} Can you attach a daily TF chart, and point out what your trying to explain about confluence? Are you saying you're waiting for MACD and EMA to be in alignment b4 you turn the EA on? thx CheersIgnored
- #702
- Edited 8:00am Jun 25, 2013 7:56am | Edited 8:00am
- Joined Jul 2011 | Status: Gold Again | 10,601 Posts
{quote} Thanks Tebis, for sharing. Not sure what you mean by TrailTradeExitOption. TCO.
EDIT: see picture, once you start that, it can get complicated too, so many options for trailing
It takes a lot for me to IGNORE you, but you can try.
{quote} He said he use a Trailing Stop EA after entering a trade, so that must be a setting within that EA, can we have same in TCO Trader is the question, I believe
We already have a trailing stop option in the EA, are we asking for another flavor of trailing stop - based on ATR? I know I have coded a previous EA a long time ago with ATR based jump, BE and trailing SL. I could try to find it. However, that adds a lot of new parameters to an already bloated EA setup. How many are really going use those added features? Is it worth mucking up the EA with more and more external parms if only a few traders are going to use it. This is what I'm thinking about. So....team...what are you thoughts on ATR based jump, BE and trailing SL features? Thanks!
- #704
- Jun 25, 2013 8:08am Jun 25, 2013 8:08am
- Joined Jul 2011 | Status: Gold Again | 10,601 Posts
It takes a lot for me to IGNORE you, but you can try.
- #707
- Jun 25, 2013 8:18am Jun 25, 2013 8:18am
- | Joined Jan 2013 | Status: Live the dream.... | 1,153 Posts
- #709
- Jun 25, 2013 8:33am Jun 25, 2013 8:33am
{quote} Trading should be kept simple.
Maybe sometimes its better to go back to where it all started and think again.
Simplicity is the ultimate sophistication
Most of us focusing on settings, i haven't read much about Money Management using this EA
Claudia1, i prefer whiskey cola
....especially Chivas Regal
i worshipped... Momentum
{quote} Yourself. pippy and Erebus have done a great job for sure - but isn't it all starting to get too complicated when the original 20/50 is working. Just my thoughts TCO. Trading should be kept simple. How on earth you guys manage to code these things is way beyond me! Maybe sometimes its better to go back to where it all started and think again. I trade cable mainly for a living and very rarely have more than two lines on my chart. Anyway the EA is good using the 20/50 still and up 47% for the month live. Wine bar time lol.
Hi Claudia, I don't know how I do it either...it is magic.
Anyways.....I liked the EA in 100PipsADay thread, I still have that EA on a demo $600 demo and it is up over $800 now, except I wanted an ATR based TP and SL and I wanted to be able to close trades on opposite signal. So that is why I developed my own. Also, I like the option of being able to pick either the EMA or MACD for the trend. I could see myself opening two live accounts - one for each method. I have always been intrigued with Ichimoku and I wrote an EA for that and was doing some testing with that when I started reading 100Pips thread and thought that the Williams% signal on 1 hour TF would be a neat way to trigger trades using the Ichi trend, so that I why I made it a third option. Actually for what it is worth, the Ichimoku did the best in all my back testing So I thought it would have legs. My demo accounts are only 13 days old and the Ichi is kinda lagging behind, and the MACD is now doing the best, but it is early. So....I think it is worth exploring these new trend methods and we will have another soon, with the Turtle. Not sure how that will do. So there you have it. That is how a bloated EA gets created. Basically you have an EA that decides the trend and takes trades on the Williams%, soon another option...Stochastic...but basically that is all we have. Decide the Trend...wait for the lower TF signal..boom..easy peasy lemon squeezy. So I think as far as more trade management features....we will put a hold on that. There are a lot of very good trade managers out there that can do the job. Steve Hopwood has created an excellent one. I really do appreciate the suggestions, but I for now. I'm going to draw the line with what we have in the coming 1.4. I will probably also try to include the order delay/confirmation changes so we can rid of those pesky - too many requests errors also compliments of CK.Oh yeah, as far as keeping it simple. How simple is it..once you have the EA coded the way you like with as many contingencies coded for in regards to trade opening logic and trade management logic and you just let the EA run as automatically as possible, with very little intervention. Knowing it is coded well and tight and should give you a good equity curve. I just can sit and look at charts all day...waiting for trades. So this is my method.. It takes a lot of work to be able to do as little work as possible. I think Bill Cosby said that. Thanks!!
- #720
- Jun 25, 2013 6:58pm Jun 25, 2013 6:58pm
- Joined Jul 2011 | Status: Gold Again | 10,601 Posts
{quote} Hi Tebis, I like your method of trailing. It is thoughtful and makes sense. But for now. We will go with what we have right now. Thanks!
Even read the last 20 or so posts, you will get the idea, be interesting to see how they evolve their method.
http://www.forexfactory.com/showthread.php?t=433718
It takes a lot for me to IGNORE you, but you can try.