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TCO Trader EA

  • #1,101
  • Jul 5, 2013 7:25am Jul 5, 2013 7:25am
Quoting MKFXTrader
{quote} 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. 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 which it's formulated computation is closer to the the actual developer of the MACD, which I have already mentioned...
Hi MKFX,
Thanks for your explanation, I will try to understand MACD behavior in light of that.However,I am using same broker in both the cases.This was the observation put to all of you for analyzing it's worth.
Your English is perfect, only my understanding of the indicators behavior will need some more study considering your explanation as well.
regards
  • #1,102
  • Jul 5, 2013 7:48am Jul 5, 2013 7:48am
Hi Team,

I appreciate all the guys answering the questions for me. Nice job. I guess we will be having a 1.5 release. MK has asked me to add price method and MA method to the EMA strategy as part of the EMA parms. I will be adding these options, so it will no longer be EMA, but MA and you will be able to decide if you want EMA or SMA or SMMA, or LWMA. Also the stoch parms, price method and MA method will be added also. Also I will put a toggle in to turn on/off alerts.

I'm continuing to do my backtesting with WPR vs. Stochastics, I'm on the Turtle Method now. It is very interesting to see how it goes. I didn't think the Turtle method would be that great, but for some pairs it really shines. EURGBP has been profitable with it during the last 18 months, and it really did well with GBPAUD, so it makes you think.

Also guys i'm not sure you are aware by you can optimize the trend strats together and see which combinations work well together. Just food for thought. If you put any stock in backtesting and optimizing...using mt4.

You do this kind of setup for each pair and optimize. It will start with method 1 (Ichi) and step through to method 4 (turtle).. for both Trend_Method_1 and Trend_Method_2 and you may get combos that are more profitable in comparison to single methods. You could do it for 3 method combos too.

Start Step End
Trend_Method_1 = 0 1 1 4
Trend_Method_2 = 0 1 1 4

Thanks for all the help and support. TCO.
  • #1,103
  • Jul 5, 2013 7:53am Jul 5, 2013 7:53am
Quoting maudur
{quote} Hi newentrader, Please attach last image but with MACD Adjustable indicator!!! Then I will review. with regards, Maudur
Hi Maudur,
Thanks.
Here is the screen shot attached with MACD ADJUSIBLE in addition to MACD used before,though I dont use it, in my previous screen shot,it was normal MACD which comes with MT4.
Attached Image (click to enlarge)
Click to Enlarge Name: screen_shot_with_macd_adjustible.png Size: 38 KB


with regards,
Newentrader
  • #1,104
  • Jul 5, 2013 7:56am Jul 5, 2013 7:56am
Quoting MKFXTrader
{quote} Norm, What you have there is correct for BE. For trailing stop, just leave it on false. Cheers
Hi MKFXTrader,

Many thanks for confirming that I have the parameters set correctly.
  • #1,105
  • Jul 5, 2013 8:14am Jul 5, 2013 8:14am
Quoting TallCoolOne
Hi Team, I appreciate all the guys answering the questions for me. Nice job. I guess we will be having a 1.5 release. MK has asked me to add price method and MA method to the EMA strategy as part of the EMA parms. I will be adding these options, so it will no longer be EMA, but MA and you will be able to decide if you want EMA or SMA or SMMA, or LWMA. Also the stoch parms, price method and MA method will be added also. Also I will put a toggle in to turn on/off alerts. I'm continuing to do my backtesting with WPR vs. Stochastics, I'm on the Turtle...
Thanks again for all, mate.
  • #1,106
  • Jul 5, 2013 3:40pm Jul 5, 2013 3:40pm
Hi guys,

first of all - i want to thank TCO for giving us such a nice EA for free here in these forums.

second point i wanna mention : Do you guys have any BreakevenProfit Settings? If yes, which are they?

I'm floating right now the 2nd time in a great plus but the ea won't close them. Of course he is not closing them, because i haven't gave him the input to do so. But which setting is here the better?

Greetings
  • #1,107
  • Jul 5, 2013 5:52pm Jul 5, 2013 5:52pm
Quoting newentrader
{quote} Hi Maudur, Thanks. Here is the screen shot attached with MACD ADJUSIBLE in addition to MACD used before,though I dont use it, in my previous screen shot,it was normal MACD which comes with MT4. {image} with regards, Newentrader
Dear newentrader,

sorry but I work all day and only at this momet just arrived to my home.

The answer to your question is clear in the image. It's clear for you?

In MACD Adjustable you see only the blue and red bars. These are very differente to standard MACD.

100pipsADay also use MACD Adjustable bars to select the trend.

With regards,

Maudur
Enter Signature
  • #1,108
  • Jul 5, 2013 5:56pm Jul 5, 2013 5:56pm
Quoting TallCoolOne
Hi Team, I appreciate all the guys answering the questions for me. Nice job. I guess we will be having a 1.5 release. ...
Dear TallCoolOne,

Thank you very much by all your job.

In some new version can you include MACD selection? It's MACD Adjustable or Standard MACD.

Thanks in advance.

Maudur
Enter Signature
  • #1,109
  • Jul 5, 2013 6:33pm Jul 5, 2013 6:33pm
Quoting maudur
{quote} Dear TallCoolOne, Thank you very much by all your job. In some new version can you include MACD selection? It's MACD Adjustable or Standard MACD. Thanks in advance. Maudur
Hi Maurdur, that shouldn't be hard to add. Let me work on it for the next release. Thanks!
  • #1,110
  • Edited 10:53pm Jul 5, 2013 10:09pm | Edited 10:53pm
Quoting TallCoolOne
{quote} Hi Maurdur, that shouldn't be hard to add. Let me work on it for the next release. Thanks!
Hey, on the next release can you add a TDI indicator so we can judge the strength of the current trend? And while you are at it, could you put in an option for RSI with variable periods? Also, I'm thinking a Zigzag indicator might be a nice addition. And have you ever heard of point and figure? If you get time, can you work that up as an option?

Friend, you are WAY too accommodating, IMO.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #1,111
  • Jul 6, 2013 12:11am Jul 6, 2013 12:11am
Quoting maudur
{quote} Dear newentrader, sorry but I work all day and only at this momet just arrived to my home. The answer to your question is clear in the image. It's clear for you? In MACD Adjustable you see only the blue and red bars. These are very differente to standard MACD. 100pipsADay also use MACD Adjustable bars to select the trend. With regards, Maudur
Dear Maudur, thanks for your reply. I can see orders are matching with MACD Adjustible,not only on this pair but on other pairs also. But my question is 100pips EA uses signal from MACD3SS or MACD Adjustible? If 100pips also use MACD Adjustible then it must be manual interference but here EA is automatically using signals matching with MACD Adjustible.

With regards
  • #1,112
  • Jul 6, 2013 12:22am Jul 6, 2013 12:22am
Quoting TallCoolOne
{quote} Hi Maurdur, that shouldn't be hard to add. Let me work on it for the next release. Thanks!
Hi TCO/Maudur
Its nice you are considering this selection to put in your next release, I have come across an indicator based on MACD which indicates the signal in 'RANGING " or TRENDING" which is basically recognizing as MACD adjustible, it displays reversal in deep green color means uptrend but ranging and light green color if clear uptrend, same way for down trend,in maroon and red color, advantage is , it can help EA to place orders only when clear trending when color is light green or red, taking signals from only those periods and filter other time signals(deep green or maroon) .
I dont know the source of this MACD indicator,its somewhere from FF or Metaquote library.However the same is attached herewith, you can check which one is more usefull MACD Adjustible or MACD Candles or may be both can be added.Idea is to add filters to take more authentic trend signals to place orders and reducing drawdown /hitting stop losses.
(I am continuously comparing on my Demo accounts of TCO 1.4 EA MACD Trending method and ThreeScreen EA , keeping standard MACD and MACD Adjustible, and
MACD Candle indicators on the charts with respect to orders placed by respective EA.)

With regards
Attached File(s)
File Type: ex4 MACD Candles v4.ex4   15 KB | 293 downloads
  • #1,113
  • Edited 3:32am Jul 6, 2013 3:15am | Edited 3:32am
Quoting maudur
{quote} Dear TallCoolOne, Thank you very much by all your job. In some new version can you include MACD selection? It's MACD Adjustable or Standard MACD. Thanks in advance. Maudur
Maudur and newentrader,
Are you guys really serious? That is very unnecessary request. We only need ONE MACD. Unfortunately MT4 version is not written correctly, and Adjustable has a bug. We only need to use one that is properly programmed per the original creator Gerald Appel's formula. You also need it programmed with the histogram similar to adjustable so you can measure and spot divergence. Divergence is a very strong non lagging indication of a potential reversal in PA. Thomas Aspray took Appel's formula and in 1986, wrote the MACD-Histogram which measures the distance between MACD and its signal line (This is why 100pip chose to use MACD_ adjustable even though it has a bug). Aspray developed the MACD-Histogram to anticipate signal line crossovers in MACD. Because MACD uses moving averages and moving averages lag price, signal line crossovers can come late and affect the reward-to-risk ratio of a trade (This is why Khaled and TCO have programmed the EA into only taking signals on the flip of the histogram and not the crossover). Bullish or bearish divergences in the MACD-Histogram can alert chartists to an imminent signal line crossover in MACD.

What you're suggesting is very unnecessary in adding the choice of using different MACD to be written into the EA. It will not only be unnecessarily bloating the EA, but open up for any potential problems. Plus those MACD's are not properly written.

I think TCO has been more then accommodating to all of us, but this request just doesn't make any sense. I have shared with TCO some info on this subject in the past. I'm sure he will look at it and evaluate it when he get's an opportunity. Until then, we should stick with what we have, test and use the hell out of it before requesting an overhaul of the EA when it is unnecessary. Just my op.

Cheers
  • #1,114
  • Jul 6, 2013 4:01am Jul 6, 2013 4:01am
couldnt agree more with MKFX's post, let's not bloat this EA with unecessary add-ons



Quoting MKFXTrader
{quote} Maudur and newentrader, Are you guys really serious? That is very unnecessary request. We only need ONE MACD. Unfortunately MT4 version is not written correctly, and Adjustable has a bug. We only need to use one that is properly programmed per the original creator Gerald Appel's formula. You also need it programmed with the histogram similar to adjustable so you can measure and spot divergence. Divergence is a very strong non lagging indication of a potential reversal in PA. Thomas Aspray took Appel's formula and in 1986, wrote the MACD-Histogram...
  • #1,115
  • Jul 6, 2013 4:12am Jul 6, 2013 4:12am
Hi TCO,

This is a fabulous system.

But I want to make a suggestion which might make this even better.

Currently we assume the end of downtrend/uptrend on the basis of macd_adjustable being above or below 0 line.
But I have observed that the end of downtrend/uptrend is hinted by macd_adjustable even before it crosses the 0 line. Lets for example cnsider a downtrend, we will see that with current implementation macd_adjustable has to be below zero line and sloping downward(i.e -ve slope) to maintain the trend. when this downtrend finishes macd_adjustable slope will transit to zero from being -ve and further to being +ve. Once the slope turns positive even below the zero line(with macd in red), it can be assumed that the trend has changed. And with a little backtesting this concept can be visualised.

Now my suggestion is to have a filter associated with macd_adjustable, so that when its slope is within a certain range, we should not trade. Moreover if the slope changed from -ve/+ve to 0(that is macd_adjustable is horizontal) then an alert should be issued, suggesting that the valus is zero and a reversal might be on the cards.

I hope I am able to explain this clearly.

I think this will eliminate lot of fake signals during the end of a trend, which can result in large drawdowns as experienced recently.

Thanks and regards.
Ravs

If we focus on the slope of macd_adjustable then we will see that as soon as the slope becomes +ve for a downtrend or -ve for an uptrend the trend starts reversing.
  • #1,116
  • Jul 6, 2013 4:22am Jul 6, 2013 4:22am
Quoting ravs_avs
Hi TCO, This is a fabulous system. But I want to make a suggestion which might make this even better. Currently we assume the end of downtrend/uptrend on the basis of macd_adjustable being above or below 0 line. But I have observed that the end of downtrend/uptrend is hinted by macd_adjustable even before it crosses the 0 line. Lets for example cnsider a downtrend, we will see that with current implementation macd_adjustable has to be below zero line and sloping downward(i.e -ve slope) to maintain the trend. when this downtrend finishes macd_adjustable...
Oh my. This is getting too complicated. Soon we will need a 100 page instruction manual. K.I.S.S is the key to Dr Elder's strategy. Please read above post re:MACD.
  • #1,117
  • Jul 6, 2013 4:29am Jul 6, 2013 4:29am
The more functions you add to the EA, the higher the likelihood that it will malfunction.
Regards
  • #1,118
  • Jul 6, 2013 5:05am Jul 6, 2013 5:05am
Quoting MKFXTrader
{quote} Maudur and newentrader, Are you guys really serious? That is very unnecessary request. We only need ONE MACD. Unfortunately MT4 version is not written correctly, and Adjustable has a bug. We only need to use one that is properly programmed per the original creator Gerald Appel's formula. You also need it programmed with the histogram similar to adjustable so you can measure and spot divergence. Divergence is a very strong non lagging indication of a potential reversal in PA. Thomas Aspray took Appel's formula and in 1986, wrote the MACD-Histogram...
Hi MKFX / TCO
MKFX Thanks for your opinion, its very informative writeup except declaring request unnecessary in bold letters. We also understand TCO is very accommodative,we only are sharing our ideas of actual observation from our demo accounts for improvement of the EA. Based on our feed back including your opinion TCO can decide it is necessary or not.Very humbly I would like to state that less knowledgeable people like us can also contribute to the forum, and share the findings on the forum.
I will try to explain again what I wanted to point out,your post itself is talking about this doubt which I am pointing out, please refer your statement.
......(This is why Khaled and TCO have programmed the EA into only taking signals on the flip of the histogram and not the crossover). Bullish or bearish divergences in the MACD-Histogram can alert chartists to an imminent signal line crossover in MACD."....
My suggestion was to address this point only,whether the Bullish or bearish divergence Alerts in the MACD-Histogramme is being recognized and used in the TCO 1.4 or not,the indicators MACD Adjustable or MACD Candles were suggested hoping to take care of this point only,(though not clear whether these indicators are written properly or otherwise,as i dont know coding, but TCO is surely master of coding,he will come to know). if this alerts are not taken care of already in present EA, which only TCO can answer, our suggestion was to look into it.Of course we should use only one MACD ,if it is enough to take care of these trend divergence alerts.This is what we wanted to share on forum and to TCO,hoping it will improve EA, sorry if you felt it unnecessary.
With regards
  • #1,119
  • Jul 6, 2013 5:11am Jul 6, 2013 5:11am
Ok....ok....guys. Here is what we are going to do. I don't think we need another MACD. The MACD_adjustable seems to get us into the trend much earlier than the regular MACD. MK has asked me to look at Hanover's MACD that is very similar to MACD_adjustable, but isn't as buggy. If I can code the EA using that indicator and it seems to work in backtesting in as the current MACD_adjustable then we will adopt it. Then after that and the new stoch and MA changes, that is it guys. We don't need other stuff. We haven't even tested what we have. The testing that we do have going forward seems to be doing very well. My MACD demo is up 10.2 % for 18 days worth of trading. That isn't too bad. So lets keep our heads. Thanks - TCO.
  • #1,120
  • Jul 6, 2013 5:15am Jul 6, 2013 5:15am
Quoting ravs_avs
Hi TCO, This is a fabulous system. But I want to make a suggestion which might make this even better. Currently we assume the end of downtrend/uptrend on the basis of macd_adjustable being above or below 0 line. But I have observed that the end of downtrend/uptrend is hinted by macd_adjustable even before it crosses the 0 line. Lets for example cnsider a downtrend, we will see that with current implementation macd_adjustable has to be below zero line and sloping downward(i.e -ve slope) to maintain the trend. when this downtrend finishes macd_adjustable...
Hi ravs_avs,
I fully agree with your suggestion,thats what I have been sharing in my posts.
regards
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