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TCO Trader EA

  • #981
  • Jul 1, 2013 9:06pm Jul 1, 2013 9:06pm
Quoting rexio
{quote} You may switch to any timeframe. The EA works independently of that.
Hi,
Beware that the EA will only open new trades on the close of a new candle bar if " CheckOncePerBar == true" (Bar Mode). Thus, if the EA is in "Bar Mode" and you leave the EA running in a Daily timeframe chart, the EA will only open a trade when the Daily candle closes?

Regards
ck
  • #982
  • Jul 1, 2013 9:07pm Jul 1, 2013 9:07pm
Quoting rexio
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,...
My demo got that trade with " EMA Turtle " settings, W%R set to confirmation

That is the best explanation of the why the MACD does what it does when price in that ranging stage, best bookmark that for further questions

Thanks
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It takes a lot for me to IGNORE you, but you can try.
  • #983
  • Jul 1, 2013 11:27pm Jul 1, 2013 11:27pm
Quoting Erebus
{quote} My demo got that trade with " EMA Turtle " settings {image}
What is the difference,between 'EMA' and 'EMA Turtle' ???
Sorry if this question sounds noobie
i worshipped... Momentum
  • #984
  • Jul 2, 2013 12:03am Jul 2, 2013 12:03am
Quoting rockrobb
{quote} What is the difference,between 'EMA' and 'EMA Turtle' ??? Sorry if this question sounds noobie
Yes, very noob question, so here is usual pictures for those that cannot read or cannot be bothered to read even POST #1

Pay attention, how you guys got thru school.....?

That is assumption of course, you could be bank robbers for all I know

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It takes a lot for me to IGNORE you, but you can try.
  • #985
  • Jul 2, 2013 12:06am Jul 2, 2013 12:06am
Quoting darkgsg
{quote} Hi, Beware that the EA will only open new trades on the close of a new candle bar if " CheckOncePerBar == true" (Bar Mode). Thus, if the EA is in "Bar Mode" and you leave the EA running in a Daily timeframe chart, the EA will only open a trade when the Daily candle closes? Regards ck
That is a very interesting question.

One can read in the first post :

The EA is designed to work on the lower time frame chart. So if you use the daily time frame for your trend determination and the hourly time frame for the Williams% entry signal, the EA must be applied to the hourly chart.


I will leave the final answer to TCO.
As far as I can judge, all indicators are calculated in the correct timeframes. ( hourly= Lower_TF or daily = Trend_TF).
However, if the EA is attached to the daily chart, and is in "Bar Mode", it will calculate unfortunately only once per day . It should calculate once per hour.

Therefore, always attach the EA to the hourly chart. Then for sure it will calculate per hour.
It is no problem, if you look incidentally a moment to the hourly chart, but it should not remain there.

In tick mode, it will calculate all the time, but that is an unnecessary load for your computer.

TCO, could you confirm my vision ?
  • #986
  • Jul 2, 2013 12:19am Jul 2, 2013 12:19am
Quoting Erebus
{quote} My demo got that trade with " EMA Turtle " settings, W%R set to confirmation That is the best explanation of the why the MACD does what it does when price in that ranging stage, best bookmark that for further questions Thanks {image}

What is the connection between "Ema Turtle settings" and MACD ?
I don't see how the "ema turtle settings" explain the behavior of the macd.
  • #987
  • Jul 2, 2013 12:49am Jul 2, 2013 12:49am
Quoting rockrobb
{quote} What is the difference,between 'EMA' and 'EMA Turtle' ??? Sorry if this question sounds noobie
http://www.babypips.com/
  • #988
  • Edited 1:38am Jul 2, 2013 12:51am | Edited 1:38am
Quoting Erebus
{quote} My demo got that trade with " EMA Turtle " settings, W%R set to confirmation That is the best explanation of the why the MACD does what it does when price in that ranging stage, best bookmark that for further questions Thanks {image}


What is "EMA turtle" ?

I understand that we use here the "Turtle" method. That applies to the highest high of the last 20 or so candles and the lowest low.
But what has "EMA" to do with it ?

Is that an exponentially fast moving turtle ?
Attached Image
  • #989
  • Jul 2, 2013 12:52am Jul 2, 2013 12:52am
Quoting rexio
{quote} 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.
Thanks rexio
  • #990
  • Jul 2, 2013 1:37am Jul 2, 2013 1:37am
Quoting rexio
{quote} What is "EMA turtle" ? I understand that we use here the "Turtle" method. That applies to the highest high of the last 20 or so candles and the lowest low. But what has "EMA" to do with it ?
Hi Rexio,
Perhaps its a combo of 20/50 EMA & Turtle trend selected for trend determination.


cheers
ck
  • #991
  • Jul 2, 2013 2:10am Jul 2, 2013 2:10am
Quoting rexio
{quote} What is "EMA turtle" ? I understand that we use here the "Turtle" method. That applies to the highest high of the last 20 or so candles and the lowest low. But what has "EMA" to do with it ? Is that an exponentially fast moving turtle ? {image}

Quoting darkgsg
{quote} Hi Rexio, Perhaps its a combo of 20/50 EMA & Turtle trend selected for trend determination. cheers ck

See...
I'm not the only one who's 'curious' about it

But...yes, i am noobie
i worshipped... Momentum
  • #992
  • Jul 2, 2013 2:49am Jul 2, 2013 2:49am
Quoting darkgsg
{quote} Hi jdava, The new EA should continue to manage existing trades as long as the trade strategy/Take Proft/Stop Loss/Trend method/William%R values settings are as per your old EA. Else, you can close all your trades in positive pips and start the new EA version fresh. Cheers ck
....thanks darkgsg and TSgarp for answer and help, after the rollercoaster ride yesterday and night I had to close all positions because of high CPU usage this morning for profit. I installed now the new updated EA 1.4 (thx to TCO) on my TE.

Happy Trading, jdva
I never lose - either I win or I learn...
  • #993
  • Jul 2, 2013 3:46am Jul 2, 2013 3:46am
Quoting jdva
{quote} ....thanks darkgsg and TSgarp for answer and help, after the rollercoaster ride yesterday and night I had to close all positions because of high CPU usage this morning for profit. I installed now the new updated EA 1.4 (thx to TCO) on my TE. Happy Trading, jdva
Okay team, not sure how much is joking or how much we are be serious about this....

If you CheckOncePerBar = true, then the EA must be on the lower TF chart. That is the way it is designed and that is the way I like it.

EMA turtle means that the EMA method and the Turtle method have been selected for trend determination.

Automated Trend Methods
1. Ichimoku
2. 20/50 EMA
3. MACD
4. Turtle Channel

Trend_Method_1 = 2
Trend_Method_2 = 4
Trend_Method_3 = 0
Trend_Method_4 = 0

The EA will make your screen display trend method be EMA Turtle, along with your trade comments.

If you select 1 (Ichimoku) and 3 (MACD), the screen display trend method will be ICHI MACD along with the trade comments.

You can select all 4 methods if you want. You can select them in any order you want. As long as you select 1-4.

I hope that helps.

Thanks!
  • #994
  • Jul 2, 2013 4:59am Jul 2, 2013 4:59am
Quoting TallCoolOne
{quote} Okay team, not sure how much is joking or how much we are be serious about this.... If you CheckOncePerBar = true, then the EA must be on the lower TF chart. That is the way it is designed and that is the way I like it. EMA turtle means that the EMA method and the Turtle method have been selected for trend determination. Automated Trend Methods 1. Ichimoku 2. 20/50 EMA 3. MACD 4. Turtle Channel Trend_Method_1 = 2 Trend_Method_2 = 4 Trend_Method_3 = 0 Trend_Method_4 = 0 The EA will make your screen display trend method be EMA Turtle, along...

Thanks TCO.

This was a very clear answer. I am sure it helped with a lot of questions. Not only is the term "Ema Turtle" clear, but also how this was derived and how to apply more than 1 method in general. You also made clear the use of the timeframes.

Personally. I test only one method, the MACD/Stochastic on 4 pairs. I see others do other combinations.
Together we have a good testrun.
Everything runs fine thus far and it looks like all major errors have been detected.

Perhaps in the future we can write a user manual out of all the questions and remarks and place that in the first post.
  • #995
  • Jul 2, 2013 5:25am Jul 2, 2013 5:25am
Quoting rexio
{quote} Thanks TCO. This was a very clear answer. I am sure it helped with a lot of questions. Not only is the term "Ema Turtle" clear, but also how this was derived and how to apply more than 1 method in general. You also made clear the use of the timeframes. Personally. I test only one method, the MACD/Stochastic on 4 pairs. I see others do other combinations. Together we have a good testrun. Everything runs fine thus far and it looks like all major errors have been detected. Perhaps in the future we can write a user manual out of all the questions...

Hi Rexio, MK has brought it to my attention that he uses the low/high to calc stochastic. So i'm adding options to stochastic where you can us high/low or close for price method and you can use 0 - SMA, 1 - EMA, 2- SMMA or 3 - LWMA for MAmethod for stochastic. I running a bunch of backtesting, using the different parms and it seems that stochastic does better than WPR and also using the close confirmation seems to do better also. Very interesting. So we will have another release soon with the stochastic options added. Thanks!
  • #996
  • Jul 2, 2013 6:01am Jul 2, 2013 6:01am
Quoting MKFXTrader
{quote} .... How did you come up with those Stoch settings anyways?
all my setups always use Fibonacci sequence numbers - IMO it is natural order
extern int Stoch_OB = 89; // Overbought level
extern int Stoch_OS = 13; // Oversold level
extern bool CheckOncePerBar = false; // true will open trades on close of bar (bar mode), false will enter trades on current bar (tick mode)
extern int MACD_Fast = 13;
extern int MACD_Slow = 21;
extern int MACD_Signal = 8;
extern bool MACD_Weekly_Confirmation = false;
Forex can only be understood backwards, but it must be traded forwards.
  • #997
  • Jul 2, 2013 7:53am Jul 2, 2013 7:53am
Quoting prozor7
{quote} all my setups always use Fibonacci sequence numbers - IMO it is natural order extern int Stoch_OB = 89; // Overbought level extern int Stoch_OS = 13; // Oversold level extern bool CheckOncePerBar = false; // true will open trades on close of bar (bar mode), false will enter trades on current bar (tick mode) extern int MACD_Fast = 13; extern int MACD_Slow = 21; extern int MACD_Signal = 8; extern bool MACD_Weekly_Confirmation = false;
Nice thoughts on those natural numbers.
Anyway, i'm running ver 1.4 EA on MACD with 9,26,9 and using william %r(14) for trigger at default -20 & -80 levels, Close All Trades at 3.0% profit.
And the EA did a basket close of all trades in profit today at about 1230pm (London time).

Cheers,
ck
  • #998
  • Jul 2, 2013 8:04am Jul 2, 2013 8:04am
Quoting darkgsg
{quote} Nice thoughts on those natural numbers. Anyway, i'm running ver 1.4 EA on MACD with 9,26,9 and using william %r(14) for trigger at default -20 & -80 levels, Close All Trades at 3.0% profit. And the EA did a basket close of all trades in profit today at about 1230pm (London time). Cheers, ck

Nice darksgs...good to hear. I've created a spreadsheet to record my testing results. I'm just recording profit/loss and PF for each test. It will be for every pair that I would consider trading for each trend method. I'm testing these combinations.

WPR w/o confirmation
WPR w/ confirmation

and these with confirmation and without confirmation

Stoch SMA on high/low
Stoch SMA on close
Stoch EMA on high/low
Stoch EMA on close
Stoch SMMA on high/low
Stoch SMMA on close
Stoch LWMA on high/low
Stoch LWMA on close

This should give us a good idea what works and what doesn't. Not definitively, but should give us some good direction. Thanks!
  • #999
  • Jul 2, 2013 8:47am Jul 2, 2013 8:47am
Quoting TallCoolOne
{quote} Nice darksgs...good to hear. I've created a spreadsheet to record my testing results. I'm just recording profit/loss and PF for each test. It will be for every pair that I would consider trading for each trend method. I'm testing these combinations. WPR w/o confirmation WPR w/ confirmation and these with confirmation and without confirmation Stoch SMA on high/low Stoch SMA on close Stoch EMA on high/low Stoch EMA on close Stoch SMMA on high/low Stoch SMMA on close Stoch LWMA on high/low Stoch LWMA on close This should give us a good idea...
Hi TCO,
Thanks for your updates!
For the moment, i'm using myfxbook for my trade analysis.

Cheers,
ck
  • #1,000
  • Jul 2, 2013 9:22am Jul 2, 2013 9:22am
Quoting TallCoolOne
{quote} Nice darksgs...good to hear. I've created a spreadsheet to record my testing results. I'm just recording profit/loss and PF for each test. It will be for every pair that I would consider trading for each trend method. I'm testing these combinations. WPR w/o confirmation WPR w/ confirmation and these with confirmation and without confirmation Stoch SMA on high/low Stoch SMA on close Stoch EMA on high/low Stoch EMA on close Stoch SMMA on high/low Stoch SMMA on close Stoch LWMA on high/low Stoch LWMA on close This should give us a good idea...


I was actually observing using TCO ea with MACD method, and was thinking of testing it with WPR% confirmation to "enforced" ea to confirm the trend b4 taking trades. YES, I placed on 1hr chart and default check Bar closed so EA could check that on 1hr rather than placed on Daily then set to false, and EA struggles painfully with my grandfather's VPS cpu to work that hard.

TCO: SO HAPPY to see a NEW ea and newly updated indicators including turtle (this goes into experts/Indicator right?, If I am mistaken pls let me know, coz instructions let this out). I think I will take off the template after the forward testing coz with at least 20 pairs, CPU is crying! Do keep us informed of your test results. Could we bother u to upload these? OH, before I forgot, there is a free EA, EA analyzer that u can used against html report generated from Strategy Test report. Have fun! (I cant remember who is it from, but is a full working copy and as far as I know its bug free, it used to be sold but its now free for FPA members) File is too big even after zip, its 33.6 mb, pls let me know how I can upload this biggie if u think u need it or google it if u think its useful
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