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TCO Trader EA

  • #721
  • Jun 25, 2013 10:46pm Jun 25, 2013 10:46pm
Hi TCO,

Currently your preset (tco ema.txt) has the settings for profit %=3 whereby EA will close ALL open trades. Will behavior affect other trades (manual or other EA trades)? Shld I placed a magic number to ensure EA will try to behave itself and closed those that only belongs to it?

Coz swiss army knife affects whole acct, unless u specify the cur or EA magic number of comments

PS: LOVE IT, LOVE IT, LOVE IT, it closed all my 20 trades with profits except 2 with small losses and I gained like 380+pips, which is abt 3% on a $100K acct. Its more stable this way, coz it conserve MR, and keeps profits in pockets, rather than having dragged the trades thru mud (sorry 20-50ema had a "habit" of either having like 1500pips one day and then trades got dragged to the muds and got like 100+pips next day, which meant trades got retraced A LOT!)
  • #722
  • Jun 25, 2013 10:56pm Jun 25, 2013 10:56pm
Quoting ymleong
(sorry 20-50ema had a "habit" of either having like 1500pips one day and then trades got dragged to the muds and got like 100+pips next day, which meant trades got retraced A LOT!)
Please explain how ANY trading strategy can be blamed for the pure price action of the traded pairs?

No, you can't, so therefore, what you are talking about is the right place to take profits or stop losses

And this depends on the trader style and objective, many times a long term trader will get dragged in the mud

Setting short term, daily targets is probably more your style as is mine

So I use ADR to take profits, and miss the MUD

It takes a lot for me to IGNORE you, but you can try.
  • #723
  • Jun 25, 2013 11:16pm Jun 25, 2013 11:16pm
Quoting Erebus
{quote} Please explain how ANY trading strategy can be blamed for the pure price action of the traded pairs? No, you can't, so therefore, what you are talking about is the right place to take profits or stop losses And this depends on the trader style and objective, many times a long term trader will get dragged in the mud Setting short term, daily targets is probably more your style as is mine So I use ADR to take profits, and miss the MUD

Erebus

Agree, so TCO_Trader has a smarter logic of take profits built in and LOL I can shelved the swiss army knife! TCO parm of acct percent meant trades may closed like 20-50pips but it doesnt get dragged into the mud for longer term!

PS: Although 100pips caution me against using 20-50ema on Gold, I got 7 out of 7 hits in my live acct and all went 320tp! LOL! This pair actually can experiment with 250sl and 500tp as this pair had gone thru like 1000+pips last week, cant wait to c whats it can do further and ROL! I am sitting on a "Gold" mine, I traded auto (full auto) on gold using 20-50ema. I have yet to test out TCO_Trader on gold, but it may close early coz of daily profit target that I set inside TCO parm (which is default to 3% which TCO has kindly shared with me his own person settings)

So those members want to try the original 20-50ema on Gold, pls do and set your own sl/tp, but mine has been sl=160, tp=320. Its DIY and no guarantees that just cos I got 7 out of 7 hit, it meant its a true super EA for Gold. Markets are not yours to control. Be smart abt $ mgt, and profits will be yours to had.

PPS: So far automated 3ss and 20-50ema can cause a heart attack if theres ur real $. Hmmmph....TCO must be have adopted your daily target style too!

BTW: Erebus, do u know whether EA is smart enough to only closes its own trades when profit target is reached (if I had set eg 3% within the TCO_Trader ea). I dont want it mess with my Gold trade by 20-50ema EA cos Gold had been hitting "gold" at 320tp and I dont want an early close off. In fact all my Gold trades have a 2-3 days "development" time and its kang-ching kang-ching
  • #724
  • Jun 26, 2013 12:38am Jun 26, 2013 12:38am
Quoting RisingSun
{quote} Yes, Erebus. You are right you can do that in your head. And you will need to increase your lot size as your account balance grows. All that moves not in smooth curve but in steps. The reason why I am comfortable with % set is you don't have to compute the amount each time the global target is reached, which sometimes is as frequent as a few times within a day (if set at 0.5% for instance), and across several test accounts going on, let alone you will eventually need to recompute the lot size, perhaps once a week. But as you say, the 3 EAs...

Hi every one,
Thank you for this thread and all the information that you had shared.
I have a question, by how much do you increase your lot size while your account is growing ?
  • #725
  • Jun 26, 2013 12:49am Jun 26, 2013 12:49am
For some reason the ADR TP/SL isn't working ?

Any ideas on what I am doing wrong?
  • #726
  • Jun 26, 2013 12:59am Jun 26, 2013 12:59am
Quoting Tok
For some reason the ADR TP/SL isn't working ? Any ideas on what I am doing wrong?
Tok,
Every thread you're on, you ask questions that have been answered many times over and over and over again. I just answered this as late as a day or two ago. I'll answer it one more time just for you. Next time, please use the search feature of the thread or actually spend some time reading it. Out of courtesy for your fellow trader, you can't be doing this on every thread bro.

SL/TP calculation only shows in the settings display when you have a trade triggered by the EA. No trade, no SL/TP shown in settings.
  • #727
  • Jun 26, 2013 1:31am Jun 26, 2013 1:31am
Quoting toinou21
{quote} Hi every one, Thank you for this thread and all the information that you had shared. I have a question, by how much do you increase your lot size while your account is growing ?
On the demo as linked in my signature, I am using 1% risk per position, so naturally, as the account grows, the position size grows accordingly

I may have started out too ambitious with 1% although the account was up 50% now only 30%

The market may start to move in our favor soon, either that or take losses and see if there is are new trend developing

It takes a lot for me to IGNORE you, but you can try.
  • #728
  • Jun 26, 2013 1:39am Jun 26, 2013 1:39am
Quoting MKFXTrader
{quote} Tok, Every thread you're on, you ask questions that have been answered many times over and over and over again. I just answered this as late as a day or two ago. I'll answer it one more time just for you. Next time, please use the search feature of the thread or actually spend some time reading it. Out of courtesy for your fellow trader, you can't be doing this on every thread bro. SL/TP calculation only shows in the settings display when you have a trade triggered by the EA. No trade, no SL/TP shown in settings.
That was not what I was referring to.

I meant, even when the trade is triggered, on some pairs, it shows a 'default' SL/TP that I was using for my 3rd screen strat, and others it shows the proper ADR settings, as you said above.

Weird.
  • #729
  • Jun 26, 2013 1:47am Jun 26, 2013 1:47am
This is posted in NEWS section of FF but is really cheap advertising by broker, just ignore that part

At any rate, has the basics of how to set daily targets if using any method on short term, swing basis

http://www.forexfactory.com/news.php?do=news&id=434439



PS: I see 100_pips has made Commercial section as I predicted when I read his posts this morning, about 8 hours ago

It takes a lot for me to IGNORE you, but you can try.
  • #730
  • Jun 26, 2013 2:03am Jun 26, 2013 2:03am
Quoting Erebus
{quote} On the demo as linked in my signature, I am using 1% risk per position, so naturally, as the account grows, the position size grows accordingly I may have started out too ambitious with 1% although the account was up 50% now only 30% The market may start to move in our favor soon, either that or take losses and see if there is are new trend developing
yes, this is ambitious
  • #731
  • Jun 26, 2013 3:22am Jun 26, 2013 3:22am
Hi All

Could anyone give me some advice on lot size?

I have the Dynamic lot size set to False, and want to increase the fixed lot size, but after I change it, the trades are still opening in the defailt 0.01 size.

Thanks in advance

Martin
  • #732
  • Jun 26, 2013 3:54am Jun 26, 2013 3:54am
Quoting EasyRyder
Question for you, TCO. Is it possible to have the EA manage a trade that I add by manual entry? I tried this, and the EA did not pick it up. Maybe a magic number issue?
Hi EZ, the EA manages trades based on magic number.
  • #733
  • Jun 26, 2013 3:57am Jun 26, 2013 3:57am
Quoting toinou21
{quote} Hi every one, Thank you for this thread and all the information that you had shared. I have a question, by how much do you increase your lot size while your account is growing ?

Toinou, there are 2 dynamic methods for increasing lot size as your account grows.

DynamicLotSize1 = false - Set to true to have EA calculate lotsize based on risk entered on the next paramater

EquityPercent = 1 - Risk Percentage used in DynamicLotSize calculation

DynamicLotSize2 = false - Set to true to use .01 per $1000 Account Equity

LotSizePerBal = 1000

LotSizePer = 0.01
  • #734
  • Jun 26, 2013 4:00am Jun 26, 2013 4:00am
Quoting ukmartin
Hi All Could anyone give me some advice on lot size? I have the Dynamic lot size set to False, and want to increase the fixed lot size, but after I change it, the trades are still opening in the defailt 0.01 size. Thanks in advance Martin

Hi UkMarting, do you have DynamicLotSize1 or DynamicLotSize2 set to true or false or both. What are the other parameters for the lot settings. What is your account balance? This will help us in determining the issue. Thanks.
  • #735
  • Jun 26, 2013 4:12am Jun 26, 2013 4:12am
Hi TCO
Thanks for your reply

The account balance is £920.00

Dynamic Lot Size 1 FALSE
Equity Percent 1.0

Dynamic Lot Size 2 TRUE
Lot Size Per Balance 1000

I have tried changing the Fixed Lot Size from 0.01 to 0.02 and 0.1, but still get the default lot size when the trade opens, however the amount I have changed it to is displayed on the screen info.
  • #736
  • Jun 26, 2013 4:39am Jun 26, 2013 4:39am
Quoting ukmartin
Hi TCO Thanks for your reply The account balance is £920.00 Dynamic Lot Size 1 FALSE Equity Percent 1.0 Dynamic Lot Size 2 TRUE Lot Size Per Balance 1000 I have tried changing the Fixed Lot Size from 0.01 to 0.02 and 0.1, but still get the default lot size when the trade opens, however the amount I have changed it to is displayed on the screen info.
Hi ukmartin,
I believe you should set both DynamicLotSize1 and DynamicLotSize2 to "False" in order for the EA to use the correct FixedLotSize you have entered.


Cheers
ck
  • #737
  • Jun 26, 2013 5:00am Jun 26, 2013 5:00am
Hi TCO,

Am I right that based on demo, the MACD method seems to have more profit factor and slightly higher win%, whilst the EA had lower?

INTERESTING, u created 3 demo to test out the 3 most popular method include ichi

AWESOME!

PS: he....hee.., I just rename the tco_macd.txt to tco_macd.set and thats the settings u used for demo for MACD?
  • #738
  • Jun 26, 2013 5:42am Jun 26, 2013 5:42am
EUR/AUD confirmed downtrend. Everything points to a turn to the downside. IMO, MACD with other filters to confirm higher trend is the best strategy. Good trading.
Attached Image (click to enlarge)
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  • #739
  • Jun 26, 2013 5:43am Jun 26, 2013 5:43am
Quoting ymleong
Hi TCO, Am I right that based on demo, the MACD method seems to have more profit factor and slightly higher win%, whilst the EA had lower? INTERESTING, u created 3 demo to test out the 3 most popular method include ichi AWESOME! PS: he....hee.., I just rename the tco_macd.txt to tco_macd.set and thats the settings u used for demo for MACD?

Hi YM, yes that is my MACD set file...you got it. Yeah it is kinda weird how the 3 demos are doing at the moment. EMA started out red hot and Ichi did too.. Then Ichi kinda tanked and now has come back a bit. EMA is tanking now...but maybe it just loading up for next trend extension...we will see. MACD started slow now it is doing well. I think that is how this system will be no matter what trend method you select. You will have these pull backs and then extensions...just takes patience. At least none of them are losing big time....yet.... I have my order delay set to 6 for all 3 methods, but I'm thinking about going back to 12. I hope that helps. Good luck.
  • #740
  • Jun 26, 2013 7:03am Jun 26, 2013 7:03am
Quoting TallCoolOne
{quote} Hi YM, yes that is my MACD set file...you got it. Yeah it is kinda weird how the 3 demos are doing at the moment. EMA started out red hot and Ichi did too.. Then Ichi kinda tanked and now has come back a bit. EMA is tanking now...but maybe it just loading up for next trend extension...we will see. MACD started slow now it is doing well. I think that is how this system will be no matter what trend method you select. You will have these pull backs and then extensions...just takes patience. At least none of them are losing big time....yet.......

Thanks, TCO

I got fants results (which I uploaded) for Gold trading the original 20-50ema, maybe u would like to experiment with your won TCO_Trader EA? It works well with 20-50ema, but tanked big time with 3ss, NONE of my gold trades survived 3ss harsh logic, 3ss will buy, 20-50ema would sell, and 20-50ema would win. I also submitted a "court" case just for fun. 7 out of 7 hits, thats not to be sneezed at, and 1000+pips all automatically managed. What more do ppl wants? I told mark, who is also a member of 20-50ema, (in fact he intro me to the EA), that if he had a small capital, why not risk 10% of his capital to just trade Gold with 20-50ema and wait till his capital grows a little b4 applying 20-50ema to other cur pairs. You can go and check out my funnier than Santa falling down on his rump post regards Gold with 20-50ema http://www.forexfactory.com/showthre...48#post6779048

We need to have some way to relax and not keep counting the pips!
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