TCO Trader EA | Page 38 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

A beginner trader vs pro trader 15 replies

from retail trader to full-time trader 17 replies

Discipline Trader and Voice Trader EA/IND 16 replies

IkonFX Viking Trader or Pfgbest Viking Trader? 2 replies

Attachments: TCO Trader EA
Exit Attachments

TCO Trader EA

  • #741
  • Jun 26, 2013 7:38am Jun 26, 2013 7:38am
TCO EMA ea down now, lost everithings earned till now... instead macd goin well .... big difference now on the two demo accounts.
  • #742
  • Jun 26, 2013 7:48am Jun 26, 2013 7:48am
Quoting acosma
TCO EMA ea down now, lost everithings earned till now... instead macd goin well .... big difference now on the two demo accounts.
Attached Image
  • #743
  • Jun 26, 2013 8:18am Jun 26, 2013 8:18am
Hi TCO
If the order hit stop-loss and the daily confirmation trend didn't change its mode , Mathematically WPR will be in trading mode so it will open another order in the same direction which hit its stop-loss at the same moment
so the EA need sleep time before opening another trade
Thanks Tco for your hard work
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #744
  • Jun 26, 2013 8:33am Jun 26, 2013 8:33am
Quoting MKFXTrader
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. {image}
Hi MKFX,

Can you guide me. My chart is showing opposite then yours. It has buy order today morning. Yours showing down trend mine showing uptrend. I don't understand whats happening.
Thanks.
Attached File(s)
File Type: docx EA.docx   112 KB | 303 downloads
  • #745
  • Jun 26, 2013 8:37am Jun 26, 2013 8:37am
I had some errors in the past so I stopped using the trailing stop. Is anyone using the trailing stop now? Is it working well?
Gary
  • #746
  • Jun 26, 2013 10:36am Jun 26, 2013 10:36am
Quoting Bomi
{quote} Hi MKFX, Can you guide me. My chart is showing opposite then yours. It has buy order today morning. Yours showing down trend mine showing uptrend. I don't understand whats happening. Thanks. {file}
You need to attach a daily chart so I can see what you're saying. Attach it as a file attach to the post. Don't attach as a doc file.
  • #747
  • Jun 26, 2013 10:52am Jun 26, 2013 10:52am
Quoting MKFXTrader
{quote} You need to attach a daily chart so I can see what you're saying. Attach it as a file attach to the post. Don't attach as a doc file.
Hi MKFX,

Thanks for reply. attached is the file. Also can you send me your EA setup. In two days my all trades went negative.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud-d1--aa.png Size: 42 KB
  • #748
  • Jun 26, 2013 11:20am Jun 26, 2013 11:20am
Quoting Sasco_me
Hi TCO If the order hit stop-loss and the daily confirmation trend didn't change its mode , Mathematically WPR will be in trading mode so it will open another order in the same direction which hit its stop-loss at the same moment so the EA need sleep time before opening another trade Thanks Tco for your hard work

Hi Sasco_me, why would it hit it's stop loss at the same moment it opened the new trade. The SL would be reset once the new trade is created. Please confirm. Thanks!
  • #749
  • Jun 26, 2013 11:46am Jun 26, 2013 11:46am
Quoting Bomi
{quote} Hi MKFX, Thanks for reply. attached is the file. Also can you send me your EA setup. In two days my all trades went negative. {image}
Your EA is buying because your setup is using EMA trend method. In my post, I mentioned I was trading MACD method.
  • #750
  • Jun 26, 2013 12:04pm Jun 26, 2013 12:04pm
Quoting Sasco_me
Hi TCO If the order hit stop-loss and the daily confirmation trend didn't change its mode , Mathematically WPR will be in trading mode so it will open another order in the same direction which hit its stop-loss at the same moment so the EA need sleep time before opening another trade Thanks Tco for your hard work
Sleep time is you manually turning your EA off if you've determined a possible change in direction on your chart. Don't turn the EA back on until you receive confirmation of the change in direction. Even though you're using an EA to pull the trigger, you should always have some manual interaction with your trades.
  • #751
  • Jun 26, 2013 12:38pm Jun 26, 2013 12:38pm
Hey Scott(TurtleFan), I noticed by your trade explorer that your EMA hasn't dropped much in equity. That is great. I should have stuck with the 12 hour delay. I think I will change mine back tonight when I get home. Keep up the good work!!
  • #752
  • Jun 26, 2013 12:59pm Jun 26, 2013 12:59pm
Yen pairs are very undecided and ranging at this time. I wouldn't be trading yen pairs until we get a clear direction. Just my op. Here's an example of G/J chart.
Attached Image (click to enlarge)
Click to Enlarge Name: G-J Daily.jpg Size: 164 KB
  • #753
  • Jun 26, 2013 1:33pm Jun 26, 2013 1:33pm
Quoting TallCoolOne
Hey Scott(TurtleFan), I noticed by your trade explorer that your EMA hasn't dropped much in equity. That is great. I should have stuck with the 12 hour delay. I think I will change mine back tonight when I get home. Keep up the good work!!
Thanks for the kind comments, TCO. I appreciate it. Being a conservative trader, I opted for the 12-hour delay right from the beginning. Less aggressive, but much safer. On these types of days, you really appreciate that.

Sorry to say, but there are a lot of people learning hard lessons today. I have been warning about it since the day this method was introduced (mainly on the original thread), when I saw people using lot sizes that were way too large for their accounts. Greed has a way of blinding folks and causing them to throw caution and common sense to the wind. I learned those lessons the hard way back in my earlier trading days, and I blew more than one account in the process. Greed is deadly to a trading account.

I will take my demo's equity curve and profitability factor up against anyone else's in here at the moment. A lot of people like to flash their 30-50% monthly gains when the going is good, but you don't hear much from them on days like today because their accounts are getting hammered. And if you look at their profitability factor, it's just a disaster waiting to happen. I fully expect days/weeks like this, and I have prepared for it.

A word to the wise is sufficient.

Good trading, all.

TurtleFan
Prices are never too high to begin buying or too low to begin selling.
  • #754
  • Jun 26, 2013 1:37pm Jun 26, 2013 1:37pm
Quoting turtlefan
{quote} Thanks for the kind comments, TCO. I appreciate it. Being a conservative trader, I opted for the 12-hour delay right from the beginning. Less aggressive, but much safer. On these types of days, you really appreciate that. Sorry to say, but there are a lot of people learning hard lessons today. I have been warning about it since the day this method was introduced (mainly on the original thread), when I saw people using lot sizes that were way too large for their accounts. Greed has a way of blinding folks and causing them to throw caution...
Great post Turtlefan. I too use a 12hr delay.
  • #755
  • Jun 26, 2013 1:42pm Jun 26, 2013 1:42pm
Quoting MKFXTrader
{quote} Great post Turtlefan. I too use a 12hr delay.

Hey...just way to be smart guys. Great that you are sharing your methods with the rest of the team here. My MACD is doing great at the moment, but i'm still going to switch that to 12 hour delay also. Nice job!!!
  • #756
  • Jun 26, 2013 1:44pm Jun 26, 2013 1:44pm
So...just curious. The team members that were asking for the pipstep? Are you using it and how is it working out if you are? Be very interested to hear. Thanks!
  • #757
  • Jun 26, 2013 1:47pm Jun 26, 2013 1:47pm
I have had some success's recently using 1440 / 240 instead of 1440/60. My thinking is 240 may need a larger SL, but is more stable. I have WPR True / confirming so the direction should be moving correctly.

I like EMA and Ich better than MacD

Just a thought.
Gary
  • #758
  • Jun 26, 2013 1:52pm Jun 26, 2013 1:52pm
AUD/CAD looks like a confirm break towards the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: A-C Daily.jpg Size: 180 KB
  • #759
  • Jun 26, 2013 1:58pm Jun 26, 2013 1:58pm
Quoting alpine4133
I have had some success's recently using 1440 / 240 instead of 1440/60. My thinking is 240 may need a larger SL, but is more stable. I have WPR True / confirming so the direction should be moving correctly. I like EMA and Ich better than MacD Just a thought.

Hi Gary, that is good the hear also. It will be interesting to maybe try different trend method combos when 1.4 is released. I wondered about the 4 hour time frame also for the lower TF. Do you have a trade explorer setup? It would be interesting to track your progress. Thanks!
  • #760
  • Jun 26, 2013 1:59pm Jun 26, 2013 1:59pm
Keep an eye on E/U in next day or so. Looks to be some divergence on daily, plus PA is approaching TL.
Attached Image (click to enlarge)
Click to Enlarge Name: E-U Daily.jpg Size: 236 KB
3 traders viewing now