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TCO Trader EA

  • #821
  • Jun 28, 2013 9:14am Jun 28, 2013 9:14am
Quoting rexio
{quote} Could you post a chart to show where you would avoid trades and where you would take a trade ? Thanks. Here is my chart of gbpaud H1 at this moment together with your indicator. {image}
rexio,

I have been looking at that chart too, here is my 2 cents, as you don't say which method you are using for trend on DAILY, I must mention that I look at this for long trades using the 20/50 EMA method

So, since late last Friday, price is below the SuperTrend, so it looks good to ignore all W%R Buy signals all week, and using the break upwards of the SuperTrend would be an excellent BUY and in the direction of main 20/50 EMA's

S3 mentions about using Limit orders to enter, not sure if he would pick this trade up then as it not returned to the now lower SuperTrend line?

I'll be looking at it on the weekend some more I think.

It takes a lot for me to IGNORE you, but you can try.
  • #822
  • Jun 28, 2013 9:15am Jun 28, 2013 9:15am
Quoting ymleong
{quote} THANKS TCO and Turtle, yes should be busy with those different style of trading, I am not testing ichi, but testing both macd, and ema methods. I want to set WPR=True to see whether it will increase the profitability. TCO, pls keep us in loop rgds V1.4, I did not output the text on screen, but I assume since I downloaded abt a few days ago that the link is for V1.3. Pls let me know how I could check this Thanks again for the clarification on closing when profit % is set to true, will note this and set a magic number to enforce the rule....

Hi YM, release 1.4 is close. I decided to add an option to have an order delay after closed trades too. So, I'm testing that. Also, had to tweak the screen display a bit, since now it will be possible to select more than one trend method, I had to make sure the trade comments and screen status were displaying that information correctly and the information for Stochastic also. I hope to complete it this weekend and roll it out before the new trading week starts. Thanks!
  • #823
  • Jun 28, 2013 9:17am Jun 28, 2013 9:17am
Quoting Erebus
{quote} rexio, I have been looking at that chart too, here is my 2 cents, as you don't say which method you are using for trend on DAILY, I must mention that I look at this for long trades using the 20/50 EMA method So, since late last Friday, price is below the SuperTrend, so it looks good to ignore all W%R Buy signals all week, and using the break upwards of the SuperTrend would be an excellent BUY and in the direction of main 20/50 EMA's S3 mentions about using Limit orders to enter, not sure if he would pick this trade up then as it not returned...
Hope you held short on cable it's definitely shoe shopping tomorrow - I closing out but think will go further
  • #824
  • Jun 28, 2013 9:25am Jun 28, 2013 9:25am
Quoting claudia1
{quote} Hope you held short on cable it's definitely shoe shopping tomorrow - I closing out but think will go further
O yeah !

I switched those Auto Pilots off and taken control myself, got some AUD & NZD too

GBP only 95 pips out of ATR of 122, so will hang a bit longer

Have a good week end

Attached Image (click to enlarge)
Click to Enlarge Name: 0046.png Size: 39 KB
It takes a lot for me to IGNORE you, but you can try.
  • #825
  • Jun 28, 2013 9:26am Jun 28, 2013 9:26am
Quoting Erebus
{quote} O yeah ! I switched those Auto Pilots off and taken control myself, got some AUD & NZD too GBP only 95 pips out of ATR of 122, so will hang a bit longer Have a good week end {image}
You too
  • #826
  • Jun 28, 2013 9:30am Jun 28, 2013 9:30am
Quoting Erebus
{quote} O yeah ! I switched those Auto Pilots off and taken control myself, got some AUD & NZD too GBP only 95 pips out of ATR of 122, so will hang a bit longer Have a good week end {image}

Hey Big E, where did you trade explorer go? I see EMA is bouncing back today. I wanted to see how your account was recovering.
  • #827
  • Jun 28, 2013 9:34am Jun 28, 2013 9:34am
Quoting TallCoolOne
{quote} Hey Big E, where did you trade explorer go? I see EMA is bouncing back today. I wanted to see how your account was recovering.
It is still there but my signature gone; I will fix it now, darn FF had big problems today

It takes a lot for me to IGNORE you, but you can try.
  • #828
  • Jun 28, 2013 9:55am Jun 28, 2013 9:55am
Quoting Erebus
{quote} rexio, I have been looking at that chart too, here is my 2 cents, as you don't say which method you are using for trend on DAILY, I must mention that I look at this for long trades using the 20/50 EMA method So, since late last Friday, price is below the SuperTrend, so it looks good to ignore all W%R Buy signals all week, and using the break upwards of the SuperTrend would be an excellent BUY and in the direction of main 20/50 EMA's S3 mentions about using Limit orders to enter, not sure if he would pick this trade up then as it not returned...

I was using the MACD approach.

That confuses the discussion, as I see the pair gbpaud in a downtrend at the moment. MACD D1 is below zero.
  • #829
  • Jun 28, 2013 10:05am Jun 28, 2013 10:05am
Quoting rexio
{quote} I was using the MACD approach. That confuses the discussion, as I see the pair gbpaud in a downtrend at the moment. MACD D1 is below zero.
In that case, you are looking for SELL, then I can see 2 entries early in your chart, same place as the W%R signals, where price pulls back to the SuperTrend and a Limit Order would trigger as S3 has mentioned

Have to wait for him to confirm, how do you see it?

E.
It takes a lot for me to IGNORE you, but you can try.
  • #830
  • Jun 28, 2013 10:05am Jun 28, 2013 10:05am
Quoting rexio
{quote} Could you post a chart to show where you would avoid trades and where you would take a trade ? Thanks. Here is my chart of gbpaud H1 at this moment together with your indicator. {image}
Rexio what are the indicators in your chart?
Gator - Trader Learning and Earning
  • #831
  • Jun 28, 2013 10:05am Jun 28, 2013 10:05am
Hello TCO

This is my first post on FF. So, G'Day (equivalent to 'Hello' in Australia) to everyone on this thread.

Firstly, a BIG 'thank you' for all your effort in putting this EA together. It is simply fantastic!

I have two questions based on the chart attached.

  1. EA has opened two trades but the trade comment is registering open trades as only being one.
  2. Order delay - I understand this refers to number of bars before EA will consider another trade. However, EA opened another trade after only three bars.

Would appreciate your taking a look at this.

Once again, thank you so much for all your wonderful work, TCO. This EA is a keeper!

Have a wonderful weekend!

Attached Image (click to enlarge)
Click to Enlarge Name: Discrepancy.png Size: 71 KB
  • #832
  • Jun 28, 2013 10:11am Jun 28, 2013 10:11am
Wow, I have been running a full demo for EMA and ICH, both have been underwater all week, but Wow! Today they exploded in profit! So I have got to learn to keep my hands off and let the EA do its thing.
Gator - Trader Learning and Earning
  • #833
  • Edited 11:04am Jun 28, 2013 10:14am | Edited 11:04am
Quoting gator-trader
{quote} Rexio what are the indicators in your chart?

1) W%R second chart .
2) xSupertrend(10,3) from S3signals. You can find more information about this indicator at :
http://www.xaphod.com/supertrend-ind...etatrader-mt4/

ignore the arrows. They do not belong to this system or EA.
  • #834
  • Jun 28, 2013 10:30am Jun 28, 2013 10:30am
Quote
Erebus
In that case, you are looking for SELL, then I can see 2 entries early in your chart, same place as the W%R signals, where price pulls back to the SuperTrend and a Limit Order would trigger as S3 has mentioned

Have to wait for him to confirm, how do you see it?


Erebus, you're spot on. My buy signal was before rexio's chart period using the 20/50 EMA trend confirmation. Price came back to 1.6444 (supertrend level) on the 19th June before it flew up 400 pips. Since then on the 21st there was a buy at 1.6717, which (depending on your trade management) was a loser (after being up over 60 pips) and no new trades since. I have a pending order limit to buy, currently at 1.6461. One thing's for sure, the supertrend line will get hit at some point.

Per rexio's chart where he has his sell arrows, the supertrend line above them would have been perfect place for him to enter (I wouldn't have because it was against the trend using 20/50). Per his MACD system maybe it was; I don't follow that strategy. It is surprising how many times the price touches the supertrend line and bounces.
John
  • #835
  • Jun 28, 2013 10:56am Jun 28, 2013 10:56am
Quoting TallCoolOne
{quote} 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
Thank you for your answer and your time. today was a really nice day. I will keep demo your EA, and thanks again for sharing.
Have a nice weekend.
  • #836
  • Jun 28, 2013 11:17am Jun 28, 2013 11:17am
Quoting s3 signals
{quote} Erebus, you're spot on. My buy signal was before rexio's chart period using the 20/50 EMA trend confirmation. Price came back to 1.6444 (supertrend level) on the 19th June before it flew up 400 pips. Since then on the 21st there was a buy at 1.6717, which (depending on your trade management) was a loser (after being up over 60 pips) and no new trades since. I have a pending order limit to buy, currently at 1.6461. One thing's for sure, the supertrend line will get hit at some point. Per rexio's chart where he has his sell arrows, the supertrend...

Hi S3 signals,

If I understand you well, your approach is as follows:

a) 20/50 ema gives the main trend direction. Right now, for example, this is Long for gbpaud.
b) Entry on a touch of the xSupertrend. First touch would be the green line at currently 1.6461

Is that correct ?
Which timeframe do you use ?
  • #837
  • Jun 28, 2013 11:32am Jun 28, 2013 11:32am
Quote
Rexio
If I understand you well, your approach is as follows:

a) 20/50 ema gives the main trend direction. Right now, for example, this is Long for gbpaud.
b) Entry on a touch of the xSupertrend. First touch would be the green line at currently 1.6461

Is that correct ?

Totally correct.

However, I tend to determine whether trend is up or down based upon the MACD ribbon on the hourly. I don't know if this correct, but seems to give a good approximation to the bigger picture on which to base my trade, rather than go to the daily each time which is a pain. If you were really smart, you could optimise the parameters on the supertrend to get the best outcomes. That, however, is probably the subject of another thread and another way to waste one's life. For example, if you reduce the multiple from 3 (to say 2) you will see that the line becomes tighter to the price action and gives you more hits (trades), but also potentially more losses. The standard parameters of 10 and 3, is fairly calm and distant so less noise.

If placing pending buy/sell orders at the supertrend was ever incorporated into the EA I would as happy as Larry, whoever he was.
John
  • #838
  • Jun 28, 2013 11:46am Jun 28, 2013 11:46am
Quoting s3 signals
{quote} Totally correct. However, I tend to determine whether trend is up or down based upon the MACD ribbon on the hourly. I don't know if this correct, but seems to give a good approximation to the bigger picture on which to base my trade, rather than go to the daily each time which is a pain. If you were really smart, you could optimise the parameters on the supertrend to get the best outcomes. That, however, is probably the subject of another thread and another way to waste one's life. For example, if you reduce the multiple from...


What is this : "MACD ribbon on the hourly" ?
  • #839
  • Jun 28, 2013 11:59am Jun 28, 2013 11:59am
Quote
rexio
What is this : "MACD ribbon on the hourly" ?

Sorry, my mistake, MA ribbon, not MACD. When I loaded the TCO v1.3 from page 1 some time ago (I'm not sure if it's the current EA still) the template appeared with the filled in MA ribbon already there, which is presumably the 20/50 MA's on a daily shown on the hourly.
John
  • #840
  • Edited 12:26pm Jun 28, 2013 12:08pm | Edited 12:26pm
My Trader Explorer for 4hr EMS 1440 / 240
http://www.forexfactory.com/alpine4133
the chart is called: TCO-Day-4hr EMS and ICH
Gary
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