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TCO Trader EA

  • #1,021
  • Jul 3, 2013 1:41am Jul 3, 2013 1:41am
Quoting TallCoolOne
{quote} Nope...too late...I quit. . Anybody want to buy a slightly used laptop and my EA programming guide?
Please, TCO, ignore this destructive guy without any reputation and don't leave us in the lurch...we need you!

Happy Trading, jdva
I never lose - either I win or I learn...
  • #1,022
  • Jul 3, 2013 1:51am Jul 3, 2013 1:51am
Quoting TallCoolOne
{quote} Nope...too late...I quit. . Anybody want to buy a slightly used laptop and my EA programming guide?
TCO don't ever listen to idiots like that. They go into EVERY thread and do this, you must promptly ban+ignore. I can show you at least 50 other threads with perfect examples of what i'm talking about. Many of us follow you brother, keep up the great work.
  • #1,023
  • Jul 3, 2013 2:00am Jul 3, 2013 2:00am
Quoting MKFXTrader
{quote} I'm wondering why your SL is higher then your TP? Normally it should be the other way around, unless it's some new math I'm not familiar with.
Hi MK,
Yes, i agree that it should be the other way round normally. But i place the SL far away as i'll usually manually managed my trades every hour or so and they should not get hit that full SL. Anyway, if the trade crosses my virtual SL which is abt 1% of my equity i'll close them though
Still fine tuning as we go along.

cheers
  • #1,024
  • Jul 3, 2013 2:12am Jul 3, 2013 2:12am
Quoting TallCoolOne
{quote} Nope...too late...I quit. . Anybody want to buy a slightly used laptop and my EA programming guide?
Hi TCO,
Hope you are joking . Not everybody will talk to our liking and if they are not confident they will move out of the thread.
You are doing great job, we know this EA is working, we need to test it lot and go on fine tuning, and fine tuning needs all comments negative as well as positive.USE WHAT YOU FEEL HELPING DISCARD USELESS ONES.
We all are part of your team, so anyhow , you can not quit unless team nods, you have willingly taken this responsibility.
SO CARRY ON WITH THIS GREAT WORK WHICH IS HELPING SO MANY.
  • #1,025
  • Jul 3, 2013 2:47am Jul 3, 2013 2:47am
Trader Favorite (10+ vouchers) post that to charvo from China (without any voucher) in his thread:

"For me the discussion is over. You can talk to yourself if you want to! "

That says it all and I think he is absolutely right!

HT jdva
I never lose - either I win or I learn...
  • #1,026
  • Jul 3, 2013 3:39am Jul 3, 2013 3:39am
Hi Guys...I'm not going anywhere. I was just joking. All is good. Thanks!
  • #1,027
  • Edited 4:26am Jul 3, 2013 4:13am | Edited 4:26am
Quoting TallCoolOne
Hi Guys...I'm not going anywhere. I was just joking. All is good. Thanks!
Very good to hear! Didn't really think you'd get turned around that easy

BTW...started a fresh batch of demos: So far the one using the weekly filter is on top.....very early for it to mean anything though
  • #1,028
  • Jul 3, 2013 5:38am Jul 3, 2013 5:38am
Quoting TallCoolOne
Hi Guys...I'm not going anywhere. I was just joking. All is good. Thanks!
Hey TCO. I had a long E/J position open up at 10am my time and for some reason there isn't a SL/TP attached to it. Weird. I didn't have any problem yesterday with E/J, nor today with any other pair. Any idea?

Add- It generated a SL/TP within the settings display, but not on the order itself.
  • #1,029
  • Jul 3, 2013 5:42am Jul 3, 2013 5:42am
Quoting darkgsg
{quote} Hi MK, Yes, i agree that it should be the other way round normally. But i place the SL far away as i'll usually manually managed my trades every hour or so and they should not get hit that full SL. Anyway, if the trade crosses my virtual SL which is abt 1% of my equity i'll close them though Still fine tuning as we go along. cheers

I do agree w u, with good risk and order management, whether its via manual or EA (crystal ball not acceptable), The ATR SL can be set to 1, and ATR TP can be set to 1.5 or whatever tickles u. You can still make profits. I left it at defaulted of 2 vs 3 (SL vs TP), and so far, the trades have closed b4 those SL/TP even got hit, by the acct % closed settings. I have now also included Equity Sentry EA (which I contributed in this forum), to closed per ACCT equity of 500pips.

The ATR calculation by the system is also not that accurate as it based on stats (data that is over & done with) to do this. * even if u choose current price, just whats current when u are talking abt FX? If u dont use ATR, and used fixed Sl/TP (maybe based on support/resistance levels of last/current day's values) its still stats (history). U can even choose Pivot calculator EA and based SL/TP on this value, again, stats

So whats the value that u shld put, whether it be 1.5, 2, or whatever can or may be right or wrong. Its too much left to argue. If u left it at lower levels, it may closed your order b4 it can reach its potential. If u put it too much, there would be some trades that can get too high floating negatives. One can do a strategy test to come up with "best" level to use for this, but its still not fool proof.

As usual whenever someone expects things that used stats to calculate to be fool proof, then its no wonder we are now in 21st century, and yet what stats we easily accept, eg, in 2012, average of 1.7 babies are born to couples 25-35yrs old, yada yada.

So we have 2 ppl, giving birth to 1.7 children. Thats stats. Only fools will depend on them to proof anything!

PS: Additional info on ATR (for those interested in further "research" on a "fool-proof" way of defining SL/TP
True Range
Wilder started with a concept called True Range (TR), which is defined as the greatest of the following:

  1. Method 1: Current High less the current Low
  2. Method 2: Current High less the previous Close (absolute value)
  3. Method 3: Current Low less the previous Close (absolute value)

http://stockcharts.com/help/doku.php...e_true_range_a

  • #1,030
  • Jul 3, 2013 5:52am Jul 3, 2013 5:52am
Quoting darkgsg
{quote} Hi MK, Yes, i agree that it should be the other way round normally. But i place the SL far away as i'll usually manually managed my trades every hour or so and they should not get hit that full SL. Anyway, if the trade crosses my virtual SL which is abt 1% of my equity i'll close them though Still fine tuning as we go along. cheers
You should just use the hard SL/TP option, IMO.

Cheers
  • #1,031
  • Jul 3, 2013 7:10am Jul 3, 2013 7:10am
hello Erbeus

i just remember you It's Friday, late, had a few wines, wait till next week and I will give you secret to make your millions $$$$$

DO U REMEMBER ?
  • #1,032
  • Jul 3, 2013 8:27am Jul 3, 2013 8:27am
I thought the Close at xx % would close all trades, but now I see it only closes the ones with the magic number that is the same as the EA, is that right? I think it would be better to close all to refresh. If you only close the ones with the matching magic number you may be closing the profitable only trades and keeping the bad.

Gary
Gary
  • #1,033
  • Jul 3, 2013 8:29am Jul 3, 2013 8:29am
Quote
turtlefan

I also bank profits on my basket of trades every time 3% profit is reached, clearing all stranded positions off the table. In the almost two months I have been testing, my maximum drawdown from top equity achieved is 3.6% and from top balance achieved is 1.4%.

Turtlefan

You wrote the above last week. Can I ask what percentage you risk per trade, your overall return and how many times you have closed the basket at 3% in the two months?

I am still trialling taking signals at the supertrend line; seems to be working fine. In fact, I think results would be similar with just one trade rather than the two I was suggesting last week. For me, this still is preferable to potentially opening up to 4 or 8 from the Williams %. I am up about 7% overall this week from 12 pairs and probably could have got more but closed the basket at about 5% today (risking 1% per trade and, apart from one pair, just carrying one trade per pair). Drawdown hasn't been great; from memory not more than about 3%. Can I ask how are your results this week to compare?

Many thanks.
John
  • #1,034
  • Jul 3, 2013 8:45am Jul 3, 2013 8:45am
Hi Guys, in his diligence for checking the code, Rexio found a defect.

if((Use_Stoch == true) && ((Stoch_Confirmation == true && Stoch_Signal_Prev < Stoch_OS && Stoch_Signal_Curr > Stoch_OS && Stoch_Main_Curr > Stoch_OS) || (Stoch_Confirmation == false && Stoch_Main_Curr < Stoch_OS && Stoch_Signal_Curr < Stoch_OB)))
{
Lower_TF_Method = "Stochastic";
BuySignal = true;
}


Stoch_OB must be Stoch_OS

It shouldn't greatly affect the way stoch is trading, but be aware. I will make the correction when release the new stoch parms. I will probably keep the version number 1.4. Thanks!

Nice catch Rexio!!
  • #1,035
  • Jul 3, 2013 9:45am Jul 3, 2013 9:45am
Quoting s3 signals
{quote} Turtlefan You wrote the above last week. Can I ask what percentage you risk per trade, your overall return and how many times you have closed the basket at 3% in the two months? I am still trialling taking signals at the supertrend line; seems to be working fine. In fact, I think results would be similar with just one trade rather than the two I was suggesting last week. For me, this still is preferable to potentially opening up to 4 or 8 from the Williams %. I am up about 7% overall this week from 12 pairs and probably could have got more...
Greetings, S3.

Well, it is impossible to answer that question, as it is different for each trade. I am using 0.01 lots per $1,000 in my MINI account. That was as aggressive as I was willing to be with this. The drawdowns would be too much for my liking if I went higher than that. I realize this means I am risking more on some pairs than others on comparable trades, but once I get a decent equity built up in the account, I can move to a fractional lot size based on a percentage of account. Does that make sense?

I have probably closed the basket 5-6 times in the two months I have been running the demo, although the total return (28%) would indicate that it has occurred more often than that. I could probably figure it out by looking at the closed trades, but probably won't go to that trouble since there are over 1,000 completed trades in that time period.

Sounds like you have had success as well. Good job. At the end of the day, there are a lot of ways to follow and trade off of these trends. The end results may be very similar, actually. I went live starting this week, and I opted for the MACD trend with W%R. But I will continue testing other combinations to see what might be best long-term.

Trade well,

TF
Prices are never too high to begin buying or too low to begin selling.
  • #1,036
  • Jul 3, 2013 1:30pm Jul 3, 2013 1:30pm
Quote
Turtlefan
Sounds like you have had success as well. Good job. At the end of the day, there are a lot of ways to follow and trade off of these trends. The end results may be very similar, actually. I went live starting this week, and I opted for the MACD trend with W%R. But I will continue testing other combinations to see what might be best long-term.

Cheers, Turtlefan. Good luck to you, but I think, like me, you believe in making your own luck.
John
  • #1,037
  • Jul 3, 2013 1:40pm Jul 3, 2013 1:40pm
Hi TCO,

Thanks for sharing your system and fully supported EA with the community. The results of the EA look excellent, but during the years I had some hard lessons with EA's.


I am a programmer myself, but was never able to come up with a profitable strategy. I coded many EAs but most of them failed during back testing.


I want to contribute to this thread as well, so I thought that I could do some back testing for you on my tick data (its 99% modeling quality).


In the attachment I have some back testing results on version 1.3. If you want me to put some extra effort in it, please send me a PM.


Another thing regarding the EA. I am currently running it and it took a sell trade on EurUsd a few hours ago for 1.30115, SL=1.31960 and TP=1,27325. I was thinking, is the TP not a bit too far away ?

Then again, it will probably never hit TP, cause the EA will close all trades when the account profit is hit. But why is it so far away ?

Regards,

MeAgain
Attached File(s)
File Type: zip Back test 2012 results 99 percent.zip   798 KB | 476 downloads
  • #1,038
  • Jul 3, 2013 1:57pm Jul 3, 2013 1:57pm
Quoting MeAgain
Hi TCO, Thanks for sharing your system and fully supported EA with the community. The results of the EA look excellent, but during the years I had some hard lessons with EA's. I am a programmer myself, but was never able to come up with a profitable strategy. I coded many EAs but most of them failed during back testing. I want to contribute to this thread as well, so I thought that I could do some back testing for you on my tick data (its 99% modeling quality). In the attachment I have some back testing results on version 1.3. If you want me to...
Welcome MeAgain. You can actually change the TP/SL parameters to reflect ATR value or change the hard TP/SL value on each individual pair if you wish.
  • #1,039
  • Jul 3, 2013 2:31pm Jul 3, 2013 2:31pm
Turning off the EA til after ECB and BOE interest rate decisions tomorrow. Up 4% in 3 days. Hopefully we'll gets some clear confirmation of direction after tomorrow. Trade safe everybody.
  • #1,040
  • Jul 3, 2013 2:47pm Jul 3, 2013 2:47pm
Quoting MKFXTrader
Turning off the EA til after ECB and BOE interest rate decisions tomorrow. Up 4% in 3 days. Hopefully we'll gets some clear confirmation of direction after tomorrow. Trade safe everybody.
Hi MKF,
That means, you will have the EA out of order for the whole day tomorrow ? USA will be closed because of 4. July.
What do you do on Friday with the NFP report (USA) ?
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