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TCO Trader EA

  • #961
  • Jul 1, 2013 12:31pm Jul 1, 2013 12:31pm
Thank you guys for reply. I have attached the screen shorts in word file. My question is - first chart has template with MA ribbon filled 2x14 indicator into it & second has only indicator attached. (MA ribbon filled 2x14) but in the first chart PA is above the MA ribbon, While in second chart PA is below MA ribbon. Both charts are Daily.

Bomi
Attached File(s)
File Type: docx Doc1.docx   210 KB | 280 downloads
  • #962
  • Jul 1, 2013 1:19pm Jul 1, 2013 1:19pm
tested Stoch with following setup in v1.4:
extern string Ss0 = "-- Stochastic Settings --";
extern int Stoch_KPeriods = 13;
extern int Stoch_DPeriod = 1;
extern int Stoch_Show = 2;
extern int Stoch_OB = 89; // Overbought level
extern int Stoch_OS = 13; // Oversold level
extern bool Stoch_Confirmation = true; // Stochastic signal signal must go below and then above OS for buy and must go above and below OB for sell

extern bool Use_WPR = false; // Signal Method Selection
extern bool Use_Stoch = true;

USDCAD open buy trade stoch @ 30
2013.07.01 19:53:44 TCO_Trader USDCAD,Daily: modify #308950019 buy 0.10 USDCAD at 1.05032 sl: 1.04562 tp: 1.05562 ok"

AUDUSD open sell trade stoch @ 80
"2013.07.01 19:57:24 TCO_Trader AUDUSD,Daily: open #308950182 sell 0.10 AUDUSD at 0.92300 ok"

AUDUSD MACD say it is Up-Trend

it seems it doesn't work properly, will test more and post results

pro7
Forex can only be understood backwards, but it must be traded forwards.
  • #963
  • Edited 2:34pm Jul 1, 2013 1:29pm | Edited 2:34pm
Quoting prozor7
tested Stoch with following setup in v1.4: extern string Ss0 = "-- Stochastic Settings --"; extern int Stoch_KPeriods = 13; extern int Stoch_DPeriod = 1; extern int Stoch_Show = 2; extern int Stoch_OB = 89; // Overbought level extern int Stoch_OS = 13; // Oversold level extern bool Stoch_Confirmation = true; // Stochastic signal signal must go below and then above OS for buy and must go above and below OB for sell extern bool Use_WPR = false; // Signal Method Selection extern bool Use_Stoch = true; USDCAD open buy trade stoch @ 30 2013.07.01 19:53:44...
Nothing wrong with stochastics as I have positions open based on parameters. How did you come up with those Stoch settings anyways? If you're going to use those settings, mind as well just use WPR.

Also, A/U is downtrend based on MACD.

Add: E/U just opened short based on Stoch. I saw it live, as both K and D hit OB line. There's nothing wrong with stochastics function.
Attached Image (click to enlarge)
Click to Enlarge Name: E-U Hourly.jpg Size: 59 KB
  • #964
  • Jul 1, 2013 2:28pm Jul 1, 2013 2:28pm
Quoting prozor7
tested Stoch with following setup in v1.4: extern string Ss0 = "-- Stochastic Settings --"; extern int Stoch_KPeriods = 13; extern int Stoch_DPeriod = 1; extern int Stoch_Show = 2; extern int Stoch_OB = 89; // Overbought level extern int Stoch_OS = 13; // Oversold level extern bool Stoch_Confirmation = true; // Stochastic signal signal must go below and then above OS for buy and must go above and below OB for sell extern bool Use_WPR = false; // Signal Method Selection extern bool Use_Stoch = true; USDCAD open buy trade stoch @ 30 2013.07.01 19:53:44...


The problem with the MACD D1 of AUDUSd is :

At the moment , the MACD is in a transition from negative to positive. Therefore, during the day, depending of the price, the MACD will sometimes be positive, sometimes negative. The signal will be stable, once the daily candle has closed.
Therefore, it is very well possible, that you get a short execution, based on a negative macd and a half hour later you see a positive macd in the chart.

By the way : For AUDUSD, based on the MACD D1, there is a major reversal going on from negative to positive.

I say MACD , but in reality I mean : (macdvalue - signalvalue).
  • #965
  • Jul 1, 2013 3:07pm Jul 1, 2013 3:07pm

Hi TCO



I have no longer problems to take trades with the new version using the FXCM demo and the EA is running fine in 3 different demos.



I thank you for all the work and also thanks to all who gave hints and help.


erin1

Enter Signature
  • #966
  • Jul 1, 2013 3:34pm Jul 1, 2013 3:34pm
Quoting Mones
I think he's talking about the different EMA looks - I am wondering this myself aswell. I want to start testing some H4 settings with EMA+MACD in 1.4, i know i have to change the "60" to "240" from the LTF signal. But do i also have to change numbers in the EMA settings, when i want to trade a higher TF?

Hi Mones, you shouldn't have to touch the ema settings. if you change the lower TF to from 60 to 240 for the EA that is. However if you put the template on the 4 hour chat, the EMA will no longer be correct. Current the fast ema is 480 and the slow ema is set to 1200. This is so that the daily 20/50 is adjusted for the hourly chart. If you go the 4 hour chart for your lower TF chart, you will need to divide those numbers by 4, so they would be 120/300. That is how the daily EMA would look on the 4 hour chart. As far as the EA you only need to change the lower TF from 60 to 240. That is all.. I hope that helps. Thanks!
  • #967
  • Jul 1, 2013 3:40pm Jul 1, 2013 3:40pm
TCO,
Just wanted to confirm the "close after percent loss" usage. Is it percent loss per pair or total of all open positions? Can't remember what has been said, as I've not used it before. Thanks
  • #968
  • Jul 1, 2013 3:53pm Jul 1, 2013 3:53pm
TCO can you please check my query. appreciate your help.

Bomi
  • #969
  • Jul 1, 2013 5:11pm Jul 1, 2013 5:11pm
Quoting Bomi
TCO can you please check my query. appreciate your help. Bomi

Bomi,

Please read the WHOLE thread carefully again.
Then come back with your questions.
  • #970
  • Jul 1, 2013 5:18pm Jul 1, 2013 5:18pm
Quoting MKFXTrader
TCO, Just wanted to confirm the "close after percent loss" usage. Is it percent loss per pair or total of all open positions? Can't remember what has been said, as I've not used it before. Thanks

All trades, having the MagicNumber used by your EA, will be closed.

Keep in mind that the magicnumber at this moment is zero by default. If you leave the magicnumber at zero when you start the EA, all your manual trades will be affected (closed) also.

You can change the magicnumber at startup of the EA.
  • #971
  • Jul 1, 2013 5:26pm Jul 1, 2013 5:26pm
I noticed that the MA ribbon is not the same as 50 and 20 EMA, Do I need to change the settings on the MA Ribbon indicator?
Gary
  • #972
  • Jul 1, 2013 5:27pm Jul 1, 2013 5:27pm
Quoting rexio
{quote} Bomi, Please read the WHOLE thread carefully again. Then come back with your questions.
Read it to see where others had this question already, and please actually check the settings of those EMA displayed on the charts before posting

HINT : make your very own templates, don't use canned template and then blame someone who is trying to help you

Really, folks, it's not rocket surgery:

1. Decide which method you will trade, example only - original MACD with W%R entry

2. Apply to the Daily chart only, the MACD

3. Apply to the 1 Hour only, the W%R

4. Apply the EA to your base chart - have EA button in OFF position as you set & double check the settings, save a SET file

5. Apply any other indicator of your own personal use, eg. Candle Time etc.

6. Change to all time frames to check to see which are visible & where

7. Save As Template, including the EA

8. Using previously posted Script, apply Template to all charts

9. Check all charts, cycle to the time frames, make adjustments, save, fix any problems, repeat above steps until happy

10. Click the EA button to ON

It takes a lot for me to IGNORE you, but you can try.
  • #973
  • Jul 1, 2013 5:30pm Jul 1, 2013 5:30pm
Hi guys,

When you are in doubt about the magicnumber of your order, have this script here.

Enter the ticket number and it will show you which magicnumber the order has.
Attached File(s)
File Type: mq4 F_Show_Ticket.mq4   < 1 KB | 260 downloads
  • #974
  • Jul 1, 2013 5:31pm Jul 1, 2013 5:31pm
Quoting alpine4133
I noticed that the MA ribbon is not the same as 50 and 20 EMA, Do I need to change the settings on the MA Ribbon indicator?
You need to read and understand the thread, the method and decide which you will trade

Set up your charts to reflect the method that you want to use

You can have blank charts if you like, the EA doesn't care, it has internal indicators for data reading and trades from those values

The charts are there for you alone, therefore you decide how pretty they can be, how much information do you need to decipher how a trade works

Notice an over used word in this post?

Yes!!!!

YOU
It takes a lot for me to IGNORE you, but you can try.
  • #975
  • Jul 1, 2013 5:59pm Jul 1, 2013 5:59pm
Quoting Erebus
{quote} You need to read and understand the thread, the method and decide which you will trade Set up your charts to reflect the method that you want to use You can have blank charts if you like, the EA doesn't care, it has internal indicators for data reading and trades from those values The charts are there for you alone, therefore you decide how pretty they can be, how much information do you need to decipher how a trade works Notice an over used word in this post? Yes!!!! YOU

Hi Erebus,

Good explanation from your side.

Allow me to post once again, your chart template for the MACD (third screen ) method : It is my favorite template for this method. (With thanks to Erebus) .
I added the stochastic(14,3,3) because that is used also now in the EA.

Perhaps you have similar templates for the Ichimoku method, the 20/50 method and the turtle method . But people should be able to make themselves these templates.
Attached File(s)
File Type: tpl !!!!!!!!_macd_strategy_.tpl   5 KB | 253 downloads
File Type: mq4 Magnified Market Price_TRO_MOD.mq4   4 KB | 232 downloads
File Type: mq4 P4L CandleTime.mq4   16 KB | 245 downloads
  • #976
  • Jul 1, 2013 6:13pm Jul 1, 2013 6:13pm
Quoting rexio
{quote} Hi Erebus, Good explanation from your side. Allow me to post once again, your chart template for the MACD (third screen ) method : It is my favorite template for this method. (With thanks to Erebus) . I added the stochastic(14,3,3) because that is used also now in the EA. Perhaps you have similar templates for the Ichimoku method, the 20/50 method and the turtle method . But people should be able to make themselves these templates. {file} {file} {file}
No problem, I have not looked at your current settings, but just a reminder for folks -

Just because the EA can use the Stochastic, you do not need to see it on your chart UNLESS that is the method you are trading

In which case, remove the W%R indicator as it will not be in use and only cause further confusion for your eyes

Think about it, the Daily can have 1 or 2 ways for Trend determination, hence, show those on chart

The 1 hour chart has only 1 method for trade entry, only use that indicator

As I said before, it's not brain science

It takes a lot for me to IGNORE you, but you can try.
  • #977
  • Jul 1, 2013 6:32pm Jul 1, 2013 6:32pm
Question : Why does AUDUSD give a SELL at this moment ?

Answer : If you have "CheckOncePerBar == true" , then the EA will only take the MACD value of the previous day.

In this case that means : the previous day is minus. However, the current day at this moment shows already +.
Anyways, the EA will take a sell.


If you have "CheckOncePerBar == false", the EA will take the MACD value of the current day, which is now + at this moment.
In that case, it should take a BUY. But, because the price is not yet in the oversold region of W%R, right now, nothing will happen.
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily.png Size: 35 KB
  • #978
  • Jul 1, 2013 6:36pm Jul 1, 2013 6:36pm
Quoting Erebus
{quote} No problem, I have not looked at your current settings, but just a reminder for folks - Just because the EA can use the Stochastic, you do not need to see it on your chart UNLESS that is the method you are trading In which case, remove the W%R indicator as it will not be in use and only cause further confusion for your eyes Think about it, the Daily can have 1 or 2 ways for Trend determination, hence, show those on chart The 1 hour chart has only 1 method for trade entry, only use that indicator As I said before, it's not brain science...


Perhaps I start :"NAKED TRADING".

I don't want anything on my chart. No confusion at all !
( See my chart of GBPUSD Daily timeframe).
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusddaily.png Size: 9 KB
  • #979
  • Jul 1, 2013 7:57pm Jul 1, 2013 7:57pm
Quoting Erebus
{quote} Read it to see where others had this question already, and please actually check the settings of those EMA displayed on the charts before posting HINT : make your very own templates, don't use canned template and then blame someone who is trying to help you Really, folks, it's not rocket surgery: 1. Decide which method you will trade, example only - original MACD with W%R entry 2. Apply to the Daily chart only, the MACD 3. Apply to the 1 Hour only, the W%R 4. Apply the EA to your base chart - have EA button in OFF position as you set & double...
Does the chart with the EA have to stay on the lower TF, or can we switch to see the Daily and the lower TF as needed?
Gary
  • #980
  • Edited Jul 2, 2013 12:30am Jul 1, 2013 8:11pm | Edited Jul 2, 2013 12:30am
Quoting alpine4133
{quote} Does the chart with the EA have to stay on the lower TF, or can we switch to see the Daily and the lower TF as needed?

You may switch to any timeframe. The EA works independently of that.

Added: You may incidentally, shortly inspect the other timeframes, but for a correct working of the EA, you must return to the lower time frame. That is the hourly timeframe in this case.
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