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TCO Trader EA

  • #1,081
  • Jul 4, 2013 9:39pm Jul 4, 2013 9:39pm
Quoting vox dei
{quote} Hi rexio. This is Ichimoku in H1 TF.
hi vox dei,
For the EA when only "Ichimoku" trend is selected , the "Uptrend" is determined by the following conditions:-
1. Tenkan Sen > Kijun Sen &
2. Current Bid Price > Tenkan Sen &
3. Previous Day Close > Tenkan Sen.

For "Downtrend" the following conditions must be true:-
1. Tenkan Sen < Kijun Sen &
2. Current Ask Price < Tenkan Sen &
3. Previous Day Close < Tenkan Sen

Hope that helps.


cheers
ck.
  • #1,082
  • Jul 4, 2013 9:58pm Jul 4, 2013 9:58pm
Quoting darkgsg
{quote} hi vox dei, For the EA when only "Ichimoku" trend is selected , the "Uptrend" is determined by the following conditions:- 1. Tenkan Sen > Kijun Sen & 2. Current Bid Price > Tenkan Sen & 3. Previous Day Close > Tenkan Sen. For "Downtrend" the following conditions must be true:- 1. Tenkan Sen < Kijun Sen & 2. Current Ask Price < Tenkan Sen & 3. Previous Day Close < Tenkan Sen Hope that helps. cheers ck.
Thanks for the clarification, darkgsg.

I took 1 for granted, suspected 2, but never considered 3. If one was to change TF to H1 as I did, shouldn't condition 3 change as well to Previous Hourly Close compare to Tenkan Sen?

It seems the buy on the screenshot which was entered manually and made me inquire about Ichimoku is not valid then.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #1,083
  • Jul 4, 2013 10:32pm Jul 4, 2013 10:32pm
Quoting vox dei
{quote} Thanks for the clarification, darkgsg. I took 1 for granted, suspected 2, but never considered 3. If one was to change TF to H1 as I did, shouldn't condition 3 change as well to Previous Hourly Close compare to Tenkan Sen? It seems the buy on the screenshot which was entered manually and made me inquire about Ichimoku is not valid then.
hi vox dei,
Please do note this EA is based on the "Daily" time frame trend with entry on the lower time frame "H1" to catch a ride with the trend, so the Previous Day Close is taken in consideration. the H1 chart is only concerned with the trade trigger either by "%R" or stoch.
U may want to check back post #1 again to refresh on this EA strategy

cheers
ck
  • #1,084
  • Jul 4, 2013 10:40pm Jul 4, 2013 10:40pm
Quoting darkgsg
{quote} hi vox dei, Please do note this EA is based on the "Daily" time frame trend with entry on the lower time frame "H1" to catch a ride with the trend, so the Previous Day Close is taken in consideration. the H1 chart is only concerned with the trade trigger either by "%R" or stoch. U may want to check back post #1 again to refresh on this EA strategy cheers ck
That's something I know. Simply prefer having everything set to H1. Appreciate the reminder though.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #1,085
  • Jul 4, 2013 11:28pm Jul 4, 2013 11:28pm
Quoting vox dei
{quote} Hi rexio. This is Ichimoku in H1 TF.
This is the heart of the matter, as I have repeated over & over & over

Put on the DAILY chart the indicators that you are using for TREND determination

HINT: MACD, 20/50 EMA, Turtle Channel or Ichimoku

Then on 1 HOUR chart, use ONLY the indicator you will use to determine trade ENTRY

HINT: Williams % Range or Stochastic

It is not rocket surgery, er brain science, er, I mean, you don't have to be too smart

Or else if you don't , you will get totally confused about what you were doing in the first place

As we see this over & over & over

It takes a lot for me to IGNORE you, but you can try.
  • #1,086
  • Jul 4, 2013 11:32pm Jul 4, 2013 11:32pm
Quoting Amirsaid
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 ?
Hmm....?

Well, it is Friday again, I will have to have a few more wine

to jog my memory because I didn't make any millions this week

But I have some good idea about SuperTrend
It takes a lot for me to IGNORE you, but you can try.
  • #1,087
  • Jul 4, 2013 11:56pm Jul 4, 2013 11:56pm
Quoting Erebus
{quote} You may have got that from the other site, but it originates from here http://www.forexfactory.com/showthread.php?t=299017 Which is a mote point because the best option is to run RESIZE ENABLE as described in that thread http://download.cnet.com/Resize-Enab...-75447319.html Input Resizer can & will hang your Metatrader platform just when you least expect it, and can least afford to be re-booting it This I have found out for sure

Erebus
Sorry for being late with this, thanks for the tip
Fxarcher
  • #1,088
  • Jul 5, 2013 1:05am Jul 5, 2013 1:05am
Quoting Erebus
{quote} This is the heart of the matter, as I have repeated over & over & over Put on the DAILY chart the indicators that you are using for TREND determination HINT: MACD, 20/50 EMA, Turtle Channel or Ichimoku Then on 1 HOUR chart, use ONLY the indicator you will use to determine trade ENTRY HINT: Williams % Range or Stochastic It is not rocket surgery, er brain science, er, I mean, you don't have to be too smart Or else if you don't , you will get totally confused about what you were doing in the first place As we see this over & over & over ...

It is not rocket surgery, er brain science, er, I mean, you don't have to be too smart either...

H1 trend... Is it not obvious, I'm not following 3rd screen strategy, simply using the EA, duh? You assume too much! Learn to give people some credit, and who knows maybe you gain some back.

If you think I'm being rude, think again. You were rude first. Quid pro quo.

Outa here now, that's what I call being smart.

PS: Sorry for the hijack TCO. You're a good guy.
"To hold, you must first open your hand. Let go." - Lao Tzu
  • #1,089
  • Jul 5, 2013 1:31am Jul 5, 2013 1:31am
Quoting vox dei
{quote} It is not rocket surgery, er brain science, er, I mean, you don't have to be too smart either... H1 trend... Is it not obvious, I'm not following 3rd screen strategy, simply using the EA, duh? You assume too much! Learn to give people some credit, and who knows maybe you gain some back. If you think I'm being rude, think again. You were rude first. Quid pro quo. Outa here now, that's what I call being smart. PS: Sorry for the hijack TCO. You're a good guy.
Hey, I'm cool, I don't think you are rude, maybe upset a little

You came here, ask a very vague question, gave absolutely no information of the time frame you are trading or the settings you are using, everyone assumes you must be using the standard Daily & 1 Hour, so we went from there.

Probably if a little research was done with the right information, the answer could be found quickly & easily

So, I'm still not clear, and your chart settings were not readable & NO it is not obvious - are you using 1 Hour chart for the Trend and 15 Minutes for the entry?

If using 1 hour for trend, you don't read the W%R on 1 hour, go to the 15 minutes chart, unless you are trying to do both on 1 hour?

You can change the display color of the EA in the settings, white or yellow is good
It takes a lot for me to IGNORE you, but you can try.
  • #1,090
  • Jul 5, 2013 1:48am Jul 5, 2013 1:48am
Quoting vox dei
{quote} It is not rocket surgery, er brain science, er, I mean, you don't have to be too smart either... H1 trend... Is it not obvious, I'm not following 3rd screen strategy, simply using the EA, duh? You assume too much! Learn to give people some credit, and who knows maybe you gain some back. If you think I'm being rude, think again. You were rude first. Quid pro quo. Outa here now, that's what I call being smart. PS: Sorry for the hijack TCO. You're a good guy.
THe answer to your question is in the first post of the thread

"It is based on a couple of 100PipsADay strategies and also Ichimoku and Turtle. Basically it determines the daily trend using 4 different methods (select 1-4) and then uses the Williams% or Stochastic to enter trades on the lower TF."
  • #1,091
  • Jul 5, 2013 2:07am Jul 5, 2013 2:07am
Quoting Golum
{quote} THe answer to your question is in the first post of the thread "It is based on a couple of 100PipsADay strategies and also Ichimoku and Turtle. Basically it determines the daily trend using 4 different methods (select 1-4) and then uses the Williams% or Stochastic to enter trades on the lower TF."
Technically you are correct, that is what the EA is based on, but there are settings that you can adjust to use whichever 2 time frames you desire; this is the problem, for me at least, to figure out which time frame he is reading the Ichimoku trend and then the time frame where he is saying the signal is not correct.

I also quote Post #1

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. The indicators in the attached template were edited accordingly so the daily trend indicators display on the hourly chart correctly. If you use a different time frame for your lower time frame and you use the template, you will need to adjust the periods in the indicator. So be advised. The indicator parameters in the EA however, do not need to be adjusted, just the Trend_TF and the Lower_TF parameters.
Attached Image (click to enlarge)
Click to Enlarge Name: 0064.png Size: 121 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,092
  • Jul 5, 2013 2:38am Jul 5, 2013 2:38am
Can anyonbe help me with the BE parameters please.


On Eur/Aud I would like to move S/L to BE + 5 once it has moved 210 pips into profit. Are the following parameters correct to do this?


Use_BreakEvenStop true
BreakEvenProfit 210
BreakEvenSL 5


I do not wish to trail the stop.
  • #1,093
  • Jul 5, 2013 2:50am Jul 5, 2013 2:50am
Quoting normtold
Can anyonbe help me with the BE parameters please. On Eur/Aud I would like to move S/L to BE + 5 once it has moved 210 pips into profit. Are the following parameters correct to do this? Use_BreakEvenStop true BreakEvenProfit 210 BreakEvenSL 5 I do not wish to trail the stop.
Norm,
What you have there is correct for BE. For trailing stop, just leave it on false. Cheers
  • #1,094
  • Jul 5, 2013 3:46am Jul 5, 2013 3:46am
Quoting discomania
Hi TCO, thanks you very much for your big works, I have sett your ea on more demo. I have noticed I got much time alert with invalid stop and so on, window, is possible to turn off the alert? Thanks you. Best Regards, Antonio

Hi Discomania, at the moment the EA does not have the option to turn off alerts. Thanks!
  • #1,095
  • Jul 5, 2013 4:42am Jul 5, 2013 4:42am
Quoting TallCoolOne
{quote} Hi Discomania, at the moment the EA does not have the option to turn off alerts. Thanks!
Hi TCO,
thanks you for your reply.
I hope you will think in the next version.
Thanks you
  • #1,096
  • Jul 5, 2013 5:35am Jul 5, 2013 5:35am
Hi TICO,
I have been demo testing EMA TURTLE and MACD TURTLE trend method on two demo accounts, also in parallel I am running a demo on three screen EA (100pips and khaled) for comparison purpose. Today I found a interesting point which might be useful for improving the TCO 1.4 EA.
On AUD/USD chart, the MACD histogram is showing negative in both the EA, but TCO EA activated SELL whereas THREESCREEN EA activated BUY on same pair same tf.I understand both EA are using MACD3SS for signals.
I think your signal is coming from MACD histogram whereas in three screen its considering histogram and the slope of the histogram also (forgive me I am not a programmer). If this is true, then your EA will go on placing SELL till it crosses to positive(0),where as threescreen is catching turning point on the histogramme itself and placing BUY even if Histo is in negative area.
I dont know if this information is useful, but You and other team members can analyse it if it is worth. Both screen shots are attached here:

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-07-05 at 3.21.17 PM.png Size: 74 KB

Attached Image (click to enlarge)
Click to Enlarge Name: THREE_SCREEN.png Size: 40 KB
  • #1,097
  • Jul 5, 2013 5:50am Jul 5, 2013 5:50am
Quoting discomania
{quote} Hi TCO, thanks you for your reply. I hope you will think in the next version. Thanks you
Hi Dscomania, it shouldn't be too hard to do. I will make it happen. Thanks!
  • #1,098
  • Jul 5, 2013 6:27am Jul 5, 2013 6:27am
Quoting newentrader
Hi TICO, I have been demo testing EMA TURTLE and MACD TURTLE trend method on two demo accounts, ...
Hi newentrader,

Please attach last image but with MACD Adjustable indicator!!!

Then I will review.

with regards,

Maudur
Enter Signature
  • #1,099
  • Jul 5, 2013 6:52am Jul 5, 2013 6:52am
If I use 2 strategies, and select Cole of opposite signal, will it watch both strategies to close of just the fist one?
Gary
  • #1,100
  • Edited 7:21am Jul 5, 2013 6:54am | Edited 7:21am
Quoting newentrader
Hi TICO, I have been demo testing EMA TURTLE and MACD TURTLE trend method on two demo accounts, also in parallel I am running a demo on three screen EA (100pips and khaled) for comparison purpose. Today I found a interesting point which might be useful for improving the TCO 1.4 EA. On AUD/USD chart, the MACD histogram is showing negative in both the EA, but TCO EA activated SELL whereas THREESCREEN EA activated BUY on same pair same tf.I understand both EA are using MACD3SS for signals. I think your signal is coming from MACD histogram whereas in...
Khaled's EA is not programmed to take into consideration of the slope. Are you running test with different brokers? If so, then that is the difference. My TCO EA says uptrend on A/U MACD. Khaled's EA is programmed on the cross of signal line, yes, it's using different MACD and it's displayed differently but it works the same. The slope has nothing do with it. There isn't any changes within MACD that TCO needs to update, unless he uses a totally different MACD where it's formulated computation is closer to the the actual developer of the MACD, which I have already mentioned to TCO. You should look into studying the behaviour of MACD, what you're describing in your last paragraph regarding MACD still giving long signals even though it's in the negative, ect... is not correct understanding of macd. The only difference between the two MACD(MACD3SS and Adjustable MACD) you are comparing is one is showing(histogram) the difference between both lines and one is only showing the signal line and histogram. Hope it makes sense. In other words the formula is the same except how it's displayed. Sorry if my English doesn't make sense in describing. Happy trading.

Cheers
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