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TCO Trader EA

  • #1,121
  • Jul 6, 2013 6:36am Jul 6, 2013 6:36am
Quoting TallCoolOne
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...
Hi TCO,
Thanks for considering to look at changing MACD.Hope Hanover's MACD is able to address peaks, slants ,divergence/convergence alerts to filter the signals.My demo is also doing better,will try to load trade explorer on my thread.
regards
  • #1,122
  • Jul 6, 2013 6:36am Jul 6, 2013 6:36am
Quoting TallCoolOne
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...
I do fully agree, TCO, let's keep up the KISS method as far as possible, the EA works on every trend selection and we have enough indis with many different setting options to test.
I would rather see working the OrderDelayAfterClosed(TP)Profit feature but unfortunately last time CPU usage got too high.

Anyway, please stay tuned and have a nice weekend!

jdva
I never lose - either I win or I learn...
  • #1,123
  • Jul 6, 2013 8:08am Jul 6, 2013 8:08am
Quoting jdva
{quote} I would rather see working the OrderDelayAfterClosed(TP)Profit feature but unfortunately last time CPU usage got too high.
I second this. Moreover I consider this the only important feature which is now lacking in this excellent bot. All these multiple trend selection methods (EMA/SMA/MA) different types of MACD etc. is not relevant and mere cosmetics, because no single indicator or any combination, can give you 100% correct signal. But the ability to pause the bot if the trades closed at TP or SL, is definitely important. So, I really hope that TCO will consider adding this functionality.
  • #1,124
  • Jul 6, 2013 9:59am Jul 6, 2013 9:59am
Thanks TCO

I'm a simple man. K.I.S.S.
  • #1,125
  • Edited 2:01pm Jul 6, 2013 1:42pm | Edited 2:01pm
Quoting TallCoolOne
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...
Hi TallCoolOne.

The bug in MACD Adjustable is in this lines, because it use MODE_EMA to calculate Signal_SMA line. If you want to obtain same results like to Standard MACD you need change this line in MACD Adjustable:

MACD Adjustable
//---- signal line counted in the 2-nd additional buffer
for(i=0; i<limit; i++)
ind_buffer5=iMAOnArray(ind_buffer4,Bars,SignalSMA,0,MODE_EMA,i);

Standard MACD
//---- signal line counted in the 2-nd buffer
for(i=0; i<limit; i++)
SignalBuffer=iMAOnArray(MacdBuffer,Bars,SignalSMA,0,MODE_SMA,i);

If you want to use Standard MACD Line for determine the Trend, is only necessary to use value 3 from MACD Adjustable indicator.

With regards,

Maudur
Enter Signature
  • #1,126
  • Edited 2:22pm Jul 6, 2013 2:04pm | Edited 2:22pm
Quoting maudur
{quote} Hi TallCoolOne. The bug in MACD Adjustable is in this lines, because it use MODE_EMA to calculate Signal_SMA line. If you want to obtain same results like to Standard MACD you need change this line in MACD Adjustable: MACD Adjustable //---- signal line counted in the 2-nd additional buffer for(i=0; i<limit; i++) ind_buffer5=iMAOnArray(ind_buffer4,Bars,SignalSMA,0,MODE_EMA,i); Standard MACD //---- signal line counted in the 2-nd buffer for(i=0; i<limit; i++) SignalBuffer=iMAOnArray(MacdBuffer,Bars,SignalSMA,0,MODE_SMA,i); If you want to use...
Standard MT4 MACD is not properly written with correct formula developed by original creator of MACD. If anything I would stay with adjustable until TCO decides if he wants to use another correct formulated MACD. I don't think Signal SMA/Mode SMA is the answer.

Cheers
  • #1,127
  • Jul 6, 2013 4:05pm Jul 6, 2013 4:05pm
We all need to chill, go back to school because we are all barking up the wrong tree!

http://www.babypips.com/school/what-...indicator.html

The data showed that over the past 5-years, the indicator that performed the best on its own was the Ichimoku Kinko Hyo indicator. It generated a total profit of $30,341, or 30.35%. Over 5 years, that gives us an average of just over 6% per year!

Read more: http://www.babypips.com/school/what-...#ixzz2YIlGDtf2

It takes a lot for me to IGNORE you, but you can try.
  • #1,128
  • Jul 6, 2013 6:10pm Jul 6, 2013 6:10pm
Quoting Erebus
We all need to chill, go back to school because we are all barking up the wrong tree! http://www.babypips.com/school/what-...indicator.html The data showed twill win more than you losehat over the past 5-years, the indicator that performed the best on its own was the Ichimoku Kinko Hyo indicator. It generated a total profit of $30,341, or 30.35%. Over 5 years, that gives us an average of just over 6% per year! Read more: http://www.babypips.com/school/what-...#ixzz2YIlGDtf2...
Chilling is good busman but ichi is is bad. Just trade cable off the daily pivot will win more than you lose.
  • #1,129
  • Jul 6, 2013 6:37pm Jul 6, 2013 6:37pm
Quoting Erebus
We all need to chill, go back to school because we are all barking up the wrong tree! http://www.babypips.com/school/what-...indicator.html The data showed that over the past 5-years, the indicator that performed the best on its own was the Ichimoku Kinko Hyo indicator. It generated a total profit of $30,341, or 30.35%. Over 5 years, that gives us an average of just over 6% per year! Read more: http://www.babypips.com/school/what-...#ixzz2YIlGDtf2...
Just re read the post and you think 6 per cent a year is good? I got stuff bringing in that guaranteed no risk never mind ichi. FX you want to be doubling your money and I know I know I going to get knocked lol. An ywr its late here have a good week.
  • #1,130
  • Jul 6, 2013 6:54pm Jul 6, 2013 6:54pm
Quoting claudia1
{quote} Just re read the post and you think 6 per cent a year is good? I got stuff bringing in that guaranteed no risk never mind ichi. FX you want to be doubling your money and I know I know I going to get knocked lol. An ywr its late here have a good week.
Claudia, I think Erebus was being "tongue-in-cheek" there. I doubt many of us would be content with 6% per year. So far in testing, many of us have done better than that with this system on a monthly basis. Personally, I'm hoping to net 5-10% per month over the whole basket.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #1,131
  • Jul 6, 2013 10:40pm Jul 6, 2013 10:40pm
Quoting turtlefan
{quote} Claudia, I think Erebus was being "tongue-in-cheek" there. I doubt many of us would be content with 6% per year. So far in testing, many of us have done better than that with this system on a monthly basis. Personally, I'm hoping to net 5-10% per month over the whole basket. TF
Yes, I was, and trying to distract away from the MACD issue

It takes a lot for me to IGNORE you, but you can try.
  • #1,132
  • Jul 6, 2013 11:19pm Jul 6, 2013 11:19pm
Quoting formatix
{quote} I second this. Moreover I consider this the only important feature which is now lacking in this excellent bot. All these multiple trend selection methods (EMA/SMA/MA) different types of MACD etc. is not relevant and mere cosmetics, because no single indicator or any combination, can give you 100% correct signal. But the ability to pause the bot if the trades closed at TP or SL, is definitely important. So, I really hope that TCO will consider adding this functionality.

You may want to play with Equity Sentry EA (which I contributed in this forum). Set the ES ea to disable EA after basket close settings. Eg if u set AcctEquityPips=500, ES ea will closed when ALL open orders >=500pips and also by default DISABLE any EA including ES ea itself. In this case, u have monitored it closely and once u have some trades closed, you had to physically ENABLE EA again. You may also want to stop trading after a certain loss $ or acct equity or pips lost. All these can be set within ES ea.
  • #1,133
  • Jul 7, 2013 3:25pm Jul 7, 2013 3:25pm
Quoting ymleong
{quote} You may want to play with Equity Sentry EA (which I contributed in this forum). Set the ES ea to disable EA after basket close settings. Eg if u set AcctEquityPips=500, ES ea will closed when ALL open orders >=500pips and also by default DISABLE any EA including ES ea itself. In this case, u have monitored it closely and once u have some trades closed, you had to physically ENABLE EA again. You may also want to stop trading after a certain loss $ or acct equity or pips lost. All these can be set within ES ea.

Thanks for the tip. Will try it in case the next update doesn't have this feature.
  • #1,134
  • Jul 8, 2013 3:13am Jul 8, 2013 3:13am
I would like to repeat my question from this post http://www.forexfactory.com/showthre...71#post6799771 since nobody replied to it.

What settings do u guys suggest for the BreakEven TakeProfit Parameters? I'm currently seeing the EA having a great plus for some days but he has only closed loss trades for the moment. I'm starting to think that BreakEven Takeprofit parameters could be useful here but i'm wondering where to set them?

Do you guys, who are running the EA for several weeks, prefer to take the trade until the end or take Profit and get out of the trade?

Greetings
  • #1,135
  • Jul 8, 2013 3:40am Jul 8, 2013 3:40am
Quoting mrpink86
I would like to repeat my question from this post http://www.forexfactory.com/showthre...71#post6799771 since nobody replied to it. What settings do u guys suggest for the BreakEven TakeProfit Parameters? I'm currently seeing the EA having a great plus for some days but he has only closed loss trades for the moment. I'm starting to think that BreakEven Takeprofit parameters could be useful here but i'm wondering where to set them? Do you guys, who are running the EA for several weeks, prefer to take the trade until the end...
Hi mr, I don't use BE and TS...I let close my whole basket at 5% profit with the CloseAfterPctProfit function...but you can choose any percent limit you feel comfortable with...

Happy Trading (HT) jdva
I never lose - either I win or I learn...
  • #1,136
  • Jul 8, 2013 5:05am Jul 8, 2013 5:05am
Quoting mrpink86
I would like to repeat my question from this post http://www.forexfactory.com/showthre...71#post6799771 since nobody replied to it. What settings do u guys suggest for the BreakEven TakeProfit Parameters? I'm currently seeing the EA having a great plus for some days but he has only closed loss trades for the moment. I'm starting to think that BreakEven Takeprofit parameters could be useful here but i'm wondering where to set them? Do you guys, who are running the EA for several weeks, prefer to take the trade until the end...
This is very personal settings; you can only select by your own experience or what you see on the chart. For me, if the price move 1/2 of the ADR, then I would hate to lose on the trade so I use maybe 55 to 75 pips and then to to BE +10 pips so there is something for the move at least.

Anything less, I think you will get stopped out too much, say if you make it only 30 or 40 pips, this is before the move really gets going; but up to you.

Good luck,
It takes a lot for me to IGNORE you, but you can try.
  • #1,137
  • Jul 8, 2013 11:12am Jul 8, 2013 11:12am
Hi TallCoolOne,
I just subscribed and taking a look to the EA. It is very wide however since I am getting familiar with it but I need your help to make this process more productive. Would you please share the *.set file that you use for the EMA settings on the different pairs traded. It will help me a lot to north better all parameters that the EA requires. Thanks very much for the attention.
  • #1,138
  • Jul 8, 2013 12:08pm Jul 8, 2013 12:08pm
Quoting fxcolca
Hi TallCoolOne, I just subscribed and taking a look to the EA. It is very wide however since I am getting familiar with it but I need your help to make this process more productive. Would you please share the *.set file that you use for the EMA settings on the different pairs traded. It will help me a lot to north better all parameters that the EA requires. Thanks very much for the attention.
TCO has provided the set files for the demos he is running in his Trade Explorer. They are attached to Post #1 and have a .txt extension.

TF
Prices are never too high to begin buying or too low to begin selling.
  • #1,139
  • Jul 8, 2013 2:09pm Jul 8, 2013 2:09pm
I'm a little bit worried about CloseAfterPctProfit parameter used with d1 macd method, because for example if we use CloseAfterPctProfit at 3% profit
ea will close all trades then it can open again trades based on macd changed opposite to the main overall trend (typically the trend of the 20/50 ema)
for example based on 20/50 we are in uptrend and macd is also on the same direction that is blue so UP too, the ea close all buy trades but then after closing macd is changed to red so ea open sell but I don't want sell because based on PA and 20/50 the trend is still UP.

maybe is it this future already added to avoid this ? "Order Delay after closed trades added" and if so it seems to not work correctly yet.

with 20/50 method there is not this problem but with macd it could be, though I can force only long or only short but maybe a parameter to automatically disable the EA after all trades are closed by CloseAfterPctProfit function and manual activate again the ea could be a nice thing.
  • #1,140
  • Jul 8, 2013 2:33pm Jul 8, 2013 2:33pm
Quoting acosma
I'm a little bit worried about CloseAfterPctProfit parameter used with d1 macd method, because for example if we use CloseAfterPctProfit at 3% profit ea will close all trades then it can open again trades based on macd changed opposite to the main overall trend (typically the trend of the 20/50 ema) for example based on 20/50 we are in uptrend and macd is also on the same direction that is blue so UP too, the ea close all buy trades but then after closing macd is changed to red so ea open sell but I don't want sell because based on PA and 20/50...
I've been trading the CloseAfterProfitPct from the first day and have never had an issue with this. Besides, if you are using MACD for your trend indication, THEN USE IT. If it is showing you a sell, then you probably should be selling. If it is in disagreement with the 20/50 EMA, here's a NEWS FLASH: one of them is wrong! If you want to use BOTH the MACD and 20/50 EMA, then select BOTH of them in your EA settings, and it will only take trades when they are in agreement.

Some of you people are making this way too hard. This EA is working AS-IS. It doesn't need any more parameters or functionality. If you don't want it to trade after a a TP, then just turn the thing off. Yes, this is an EA, but you do have the power to intercede if you really want it to behave a little differently. Personally, I think it's doing pretty darn well on auto-pilot so far.

TF
Prices are never too high to begin buying or too low to begin selling.
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