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TCO Trader EA

  • #881
  • Jun 29, 2013 11:38pm Jun 29, 2013 11:38pm
Quoting alpine4133
Please explain what this is for and why to make it true or false. EMA_Cross = false; I do not know how to change the Comment Name or does it changes when we change the strategy?
EMA Cross, just what it says, does the 20 EMA line cross over the 50 EMA line

Often you will see that price can spike above both lines, but they have NOT yet crossed, a trade may be entered but then price decide to go down (or up) again

Or the market is ranging for a few days or weeks, some above, some below, look at your charts

Why to make it true? Up to your trading style, aggressive, leave it as is, cautious, make it true as it is more confirmation of trend

Not sure about the Comment question; can you explain more details or where you see this mentioned?

Regards, E.

Attached Image (click to enlarge)
Click to Enlarge Name: 0054.png Size: 128 KB
It takes a lot for me to IGNORE you, but you can try.
  • #882
  • Jun 30, 2013 1:33am Jun 30, 2013 1:33am
Hi Mr. TCO,

Thank you so much for releasing EA v.1.4, it is while that i am watching this thread but now decided to apply your EA on Demo and share its result with you.
Just a question, i am sure that you explained it somewhere but i couldn't find it, what are the files with .txt and where and how they have to be used?

tks a lot.

MB
  • #883
  • Jun 30, 2013 1:48am Jun 30, 2013 1:48am
Quoting turtlefan
Just wanted to share an interesting analysis I just completed on my results thus far. Of course we know this system is most vulnerable at the trend turns. If we're trending more than we're ranging, we're making good pips and good money. Listed in the attached PDF are each of the pairs I have traded so far, along with how many trend changes each had in the past 54 days, along with number of pips gained/lost. I define a trend change by a close from one side of the 20/50 to the other (has to close across both). If a pair had two or more crosses of...
Hi Turtlrfan,
That is an excellent analysis. This puts a lot of faith into this system provided the markets keep on trending. In this strategy some of the pairs are always trending so their gains are far more (remember we are also using multiple positions) at the end of the day than those which are ranging. At the end of day it is the overall design of this strategy that brings you many many more pips.
Thanks to TCO for putting all the risk and trade management features into one EA.
Regards
  • #884
  • Edited 3:57am Jun 30, 2013 3:38am | Edited 3:57am
Quoting turtlefan
Just wanted to share an interesting analysis I just completed on my results thus far. Of course we know this system is most vulnerable at the trend turns. If we're trending more than we're ranging, we're making good pips and good money. Listed in the attached PDF are each of the pairs I have traded so far, along with how many trend changes each had in the past 54 days, along with number of pips gained/lost. I define a trend change by a close from one side of the 20/50 to the other (has to close across both). If a pair had two or more crosses of...
Thanks for the analysis TF. Is it possible for you to share your settings and how you handle TP/SL? I remember you saying that you just wait until one or the other to hit. Thank you.
  • #885
  • Jun 30, 2013 5:44am Jun 30, 2013 5:44am
Quoting fxarcher
Hi All It is Friday, and I am sober but thrashed and I don't know if I am hallucinating. This is a 1 cent per pip account I started running 2 days ago. I have attached a screenshot of both the Terminal and the Input settings. Please don't shoot me, but I am down 25 000 pips. The EA appears to be only taking buys. Fxarcher {image} {image} {image}
Fxarcher (or anyone else),

Back in post #590, you showed your EA settings and had the input window enlarged so that you can view all of the input settings. Can you let me know how did you enlarge that input window in MT4? At the moment I can only view about 8 input lines at a time and can't find any option to resize the window.

Thanks.
  • #886
  • Jun 30, 2013 5:53am Jun 30, 2013 5:53am
Quoting Tech10Ken
{quote} Fxarcher (or anyone else), Back in post #590, you showed your EA settings and had the input window enlarged so that you can view all of the input settings. Can you let me know how did you enlarge that input window in MT4? At the moment I can only view about 8 input lines at a time and can't find any option to resize the window. Thanks.
Just click on the image a few times I just did and could see it all clearly. Don't understand it but can read it. That's a lot of pips to lose I'm sure TCO will point in the right direction.
  • #887
  • Jun 30, 2013 5:59am Jun 30, 2013 5:59am
Hi guys,

i have a short question regarding the profitability of TCO' EA. I'm currently experimenting with TCO's EA sind 2 weeks or so and i'm trying to find some good settings. However, if i do some backtesting with the EA i can't get a linearity regarding the profits.

If i do find some settings, that are good i.e. for the last half year and i'm trying the same settings for the last 3 years there is never a big plus to the profit how you would expect it with a good EA in terms of linearity.

Am i thinking here in the wrong direction?


BTW : Yes I'm new to trading.
  • #888
  • Jun 30, 2013 6:32am Jun 30, 2013 6:32am
Quoting claudia1
{quote} Just click on the image a few times I just did and could see it all clearly. Don't understand it but can read it. That's a lot of pips to lose I'm sure TCO will point in the right direction.
Thanks Claudia,

But what I meant was actually in the MT4 program, when you have the input window up and are entering all of the external parameters for the EA.... how to enlarge that actual window in MT4 so that I can see more than just 8 lines at a time? (as below) Fxarcher and a few others seem to have done this as shown the in previous posts and I was just wanting how they did it.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: input box.PNG Size: 29 KB
  • #889
  • Jun 30, 2013 6:51am Jun 30, 2013 6:51am
Quote
Turtlefan

Some interesting ideas here, and I appreciate your thoughts and insight. I'm always open to hearing alternative entry/exit tactics. My initial gut feeling on this is that your suggestions would really just mean fewer entries (though perhaps better entries), which would certainly serve you well on a potential trend turn; however, I think it would also necessarily mean you would not be building up as many positions when the trend is in your favor, thus capping your profit potential on those runs. It's the same old trade-off that we always...

Good points, turtlefan, well reasoned and compelling. Can I ask you what you risk per trade and what your return has been to compare against your drawdown figures?

Generally, I agree with the principle - if it ain't broke, don't fix it. Personally, if I could achieve comparable results with just 2 trades rather than 5, I would. Just my preference, because my original stake sizes would be higher than if I foresaw that I could go 5 trades deep before I come up for air. It is personal preferences, I realise that. I just would feel happier with a 10% monthly return with potential for a 10% drawdown, rather than a 50% return with potential for a 50% drawdown. Can't see how you can have one without the other. In other words, higher risk clearly leads to both higher returns and higher losses, at different times.

I (very quickly I might add) eyeballed the 12 pairs I have been following with this system, but trading up to 2 signals per pair from the supertrend line and arrived at a return of 40% for June (only a first cut look, say 30% then!). That was risking 1% per trade, stops of 80, apart from kiwi/aussie crosses at 110, and targets of 2.5 times risk per trade. I don't know what the overall drawdown was, but I would guess no more than 10%. June had some cracking good trend breaks (especially for kiwi/aussie crosses) so perhaps one swallow doesn't make a summer. I am not looking to change the vehicle here, the route or add some new fancy sunroof or sound system - just toying with tweaking the suspension so it's a softer ride FOR ME.

I expect when we all have more forward tested data, it will become obvious the pro's/con's. In the meantime, still many thanks go to TCO for the work and creative mindset that has got us all to this point. Happy Sundays.
John
  • #890
  • Jun 30, 2013 7:25am Jun 30, 2013 7:25am
Quoting Erebus
{quote} EMA Cross, just what it says, does the 20 EMA line cross over the 50 EMA line Often you will see that price can spike above both lines, but they have NOT yet crossed, a trade may be entered but then price decide to go down (or up) again Or the market is ranging for a few days or weeks, some above, some below, look at your charts Why to make it true? Up to your trading style, aggressive, leave it as is, cautious, make it true as it is more confirmation of trend Not sure about the Comment question; can you explain more details or where you...
Thank you
Gary
  • #891
  • Jun 30, 2013 7:28am Jun 30, 2013 7:28am
I am running a couple of EMA configurations on the same account. I would like to be able to tell them apart by having them put different comments lines for the trades. I understood how to change that on 1.3 but not on 1.4. What line or lines can I edit to change the comment?
Gary
  • #892
  • Jun 30, 2013 7:48am Jun 30, 2013 7:48am
Quoting turtlefan
Just wanted to share an interesting analysis I just completed on my results thus far. Of course we know this system is most vulnerable at the trend turns. If we're trending more than we're ranging, we're making good pips and good money. Listed in the attached PDF are each of the pairs I have traded so far, along with how many trend changes each had in the past 54 days, along with number of pips gained/lost. I define a trend change by a close from one side of the 20/50 to the other (has to close across both). If a pair had two or more crosses of...
Turtlefan, thanks for this analysis I will definitely keep this to refer back to, as I too use the 2050 method mainly.
Thank you again
Delta
  • #893
  • Jun 30, 2013 7:55am Jun 30, 2013 7:55am
Quoting Tech10Ken
{quote} Thanks Claudia, But what I meant was actually in the MT4 program, when you have the input window up and are entering all of the external parameters for the EA.... how to enlarge that actual window in MT4 so that I can see more than just 8 lines at a time? (as below) Fxarcher and a few others seem to have done this as shown the in previous posts and I was just wanting how they did it. Cheers {image}

I know what you mean, I thought by maybe 'saving image' but that too doesn't work, I actually did print screen last week on a similar EA and then moved it up, but there should be a way as you say. If I find it I'll come back, or if you do first - let me know

Delta
  • #894
  • Jun 30, 2013 8:05am Jun 30, 2013 8:05am
Quoting TallCoolOne
** UPDATE UPDATE UPDATE UPDATE ** Hi Team, I have posted version 1.4 in post 1 along with an updated instructions, template and settings files. The external parameters have changed. So please verify your settings when using the updated EA. Thanks for your patience. Please ask questions, report issues, bugs and post your results. Thanks! TCO Trader v1.4 - Added Turtle Trend Method - indicator not necessary for EA, only for the template if you want it. - Allow 1-4 automated trend methods to be selected - Added Stochastic Lower TF trade signal that...
Hi TCO,

Appreciate your hard work and help to everyone. I had your 1.3 version which I am using right now for my live account with FXDD. will try new version 1.4 on my demo account. Once again thank you for every thing.

Bomi
  • #895
  • Jun 30, 2013 8:44am Jun 30, 2013 8:44am
Huge thanks for all the work TOC!! You've given us all many hours of testing pleasure
  • #896
  • Jun 30, 2013 8:53am Jun 30, 2013 8:53am
TCO,

Just wanted to say a huge thank you for all of your hard work and how helpful you have been to everyone here. It really is much appreciated.
I was using version 1.3 last week and was very happy with how it all performed. Really looking forward to trying out version 1.4 this week.

One thing I can't seem to figure out though.... Just loaded ver 1.4 onto the charts and for some reason the screen display will not show. I have made sure that Show_Settings is set to true and the DisplayColour is one that is visible against the background of my charts. The only thing that shows is the small TCO_Trader and smile face in the upper right corner, but nothing else. I've tried it several times and can't seem to get anywhere. Haven't changed any other settings in MT4 from when I was using ver 1.3 Any suggestions?

Thanks,
Ken
  • #897
  • Jun 30, 2013 8:57am Jun 30, 2013 8:57am
Quoting alpine4133
I am running a couple of EMA configurations on the same account. I would like to be able to tell them apart by having them put different comments lines for the trades. I understood how to change that on 1.3 but not on 1.4. What line or lines can I edit to change the comment?

The comment line will contain the trend methods. So if you use Ichicmoku and Turtle - the comment line would be " Ichi Turtle ".
  • #898
  • Jun 30, 2013 9:00am Jun 30, 2013 9:00am
Quoting Tech10Ken
TCO, Just wanted to say a huge thank you for all of your hard work and how helpful you have been to everyone here. It really is much appreciated. I was using version 1.3 last week and was very happy with how it all performed. Really looking forward to trying out version 1.4 this week. One thing I can't seem to figure out though.... Just loaded ver 1.4 onto the charts and for some reason the screen display will not show. I have made sure that Show_Settings is set to true and the DisplayColour is one that is visible against the background of my...
Maybe No Ticks due to closed market - No screen display ?
  • #899
  • Jun 30, 2013 9:00am Jun 30, 2013 9:00am
Quoting Tech10Ken
TCO, Just wanted to say a huge thank you for all of your hard work and how helpful you have been to everyone here. It really is much appreciated. I was using version 1.3 last week and was very happy with how it all performed. Really looking forward to trying out version 1.4 this week. One thing I can't seem to figure out though.... Just loaded ver 1.4 onto the charts and for some reason the screen display will not show. I have made sure that Show_Settings is set to true and the DisplayColour is one that is visible against the background of my...

It may need the first tick to show, but mine came up right away with TCO Trader V1.4 at the top. So I'm not sure why yours doesn't. Sorry. Hopefully when you get the first tick tonight all will be good. Run a quick back test in Visual Mode and see if it displays. Thanks.
  • #900
  • Jun 30, 2013 9:02am Jun 30, 2013 9:02am
Where is is the 100p guy did he start his hedge fund ???
or he ended up in FF (commercial) jail
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