Thx Turtlefan, living and learning.
FxColca
FxColca
- #1,147
- Jul 9, 2013 4:28am Jul 9, 2013 4:28am
Hi TCO & others
TCO: I found my own answer to lot size calculation using acct equity. Your EA logic also took into consideration the SL (which I forgot is the correct way to calculate risk based lot size.) I thought u simply used Acct Equity then cal the lot size based on pair's EP
Others: I am not sure whether this makes sense. 20-50ema trades Gold better, 3ss will just pancaked it, I have tried it for 1 mth and ALL my 3ss gold trades went to SL without a single surviver (worst than Titanic tragedy). Whilst using the original 20-50ema, I had 8/12 trades that hit 320tp. I used 160sl and 320tp.
But this is something "quirky" which I sorta "discovered". I used TCO Trader and ema method to trade Gold, but I set WPR% confirmation=TRUE. BAD choice, coz trade was taken way early and got dragged thru abt 320pips negative. Fortunately when I checked against the Daily trend its a downtrend so EA opening a sell was ok. I changed the WPR% confirmation back to False and set EMA Cross Confirmation=TRUE. The logic, if u wanted to trade that currency pair with TCO Trader BUT using ema method, then it make more "sense" to have EMA Cross confirmation then WPR%. WPR% was adopted by 100pips for his original 3ss EA.
DUD! I am amazed by my own blockheadness sometimes.
But it was a good thing that I monitored my trades (YA its on DEMO) The result? (any changes after my "diligence"), the 2nd Gold Trade was taken perfectly when the uptrend on the 1hr chart had completed its push up exercise and went snakes again AFTER that 1st bar CLOSED down on the 1hr chart. BEAUTIFUL!
(Bar closed was coz of the checkonceperbar settings)
TCO: I found my own answer to lot size calculation using acct equity. Your EA logic also took into consideration the SL (which I forgot is the correct way to calculate risk based lot size.) I thought u simply used Acct Equity then cal the lot size based on pair's EP
Others: I am not sure whether this makes sense. 20-50ema trades Gold better, 3ss will just pancaked it, I have tried it for 1 mth and ALL my 3ss gold trades went to SL without a single surviver (worst than Titanic tragedy). Whilst using the original 20-50ema, I had 8/12 trades that hit 320tp. I used 160sl and 320tp.
But this is something "quirky" which I sorta "discovered". I used TCO Trader and ema method to trade Gold, but I set WPR% confirmation=TRUE. BAD choice, coz trade was taken way early and got dragged thru abt 320pips negative. Fortunately when I checked against the Daily trend its a downtrend so EA opening a sell was ok. I changed the WPR% confirmation back to False and set EMA Cross Confirmation=TRUE. The logic, if u wanted to trade that currency pair with TCO Trader BUT using ema method, then it make more "sense" to have EMA Cross confirmation then WPR%. WPR% was adopted by 100pips for his original 3ss EA.
DUD! I am amazed by my own blockheadness sometimes.
But it was a good thing that I monitored my trades (YA its on DEMO) The result? (any changes after my "diligence"), the 2nd Gold Trade was taken perfectly when the uptrend on the 1hr chart had completed its push up exercise and went snakes again AFTER that 1st bar CLOSED down on the 1hr chart. BEAUTIFUL!
(Bar closed was coz of the checkonceperbar settings)
- #1,149
- Edited Jul 10, 2013 4:42am Jul 9, 2013 5:05am | Edited Jul 10, 2013 4:42am
Basket closed PER cur pair, PER acct profit %
--- An alternative easy DIY solution
DUD! I just realised how I could use acct percent% close on PER TRADE, no need to search for EA or code the ES ea to do that.
Eg, default magic number=0, use magic number eg, 111 for Gold. Place acctpercent% for Gold ITSELF using parms included into TCO_Trader, it will "forced" EA to close trades with 111. Then change ES ea's magic number from -1 (WHICH MEANT ALL THE OPEN TRADES even if those are opened by God himself,
to 0, meaning no magic number). SO when Gold hits acctpercentprofit% it closes EA=111, and ES ea will basket close ALL the OTHERS that had NO magic numbers.
If I wanted acc%profit PER TRADE not just for GOLD? Place different magic numbers with EACH CHART, so TCO ea itself will help to close EACH cur pair based on that %. But in this case, ES ea will have no function. Coz ES ea will have to repeat itself over different charts just to do so due to the magic numbers PER pair
NEATO!
--- An alternative easy DIY solution
DUD! I just realised how I could use acct percent% close on PER TRADE, no need to search for EA or code the ES ea to do that.
Eg, default magic number=0, use magic number eg, 111 for Gold. Place acctpercent% for Gold ITSELF using parms included into TCO_Trader, it will "forced" EA to close trades with 111. Then change ES ea's magic number from -1 (WHICH MEANT ALL THE OPEN TRADES even if those are opened by God himself,
to 0, meaning no magic number). SO when Gold hits acctpercentprofit% it closes EA=111, and ES ea will basket close ALL the OTHERS that had NO magic numbers.If I wanted acc%profit PER TRADE not just for GOLD? Place different magic numbers with EACH CHART, so TCO ea itself will help to close EACH cur pair based on that %. But in this case, ES ea will have no function. Coz ES ea will have to repeat itself over different charts just to do so due to the magic numbers PER pair
NEATO!
- #1,151
- Jul 9, 2013 11:47am Jul 9, 2013 11:47am
An expert is a man who has made all the mistakes which can be made
- #1,155
- Jul 9, 2013 5:47pm Jul 9, 2013 5:47pm
{quote} Hi, quote: You set WPR% confirmation=TRUE. BAD choice, coz trade was taken way early ??? end quote. Happy Hip Punting.
I dont believe that my 2 demos (original 3ss, original 20-50ema) started at same time, could have such different results for Gold, but there it is. I have all but given up any hopes of trading Gold with 3ss. Although its true that I cant exactly press the ENABLE ea at exact same time, but its started within 3-5mins of each other. I saved up the templates based on 160/280 or 160/320 (SL vs TP) and just apply it to my 3ss as well as 20-50ema. (I know that 100 had a WHOLE long list of different values for 20-50ema, but he did say that he wanted to try to parallel these sl/tp, so I just did it first to see how each handles those same trades)
Its INTERESTING, but I failed to really explain how this works really, it just works! 1359+pips just Gold (in LIVE, 15/18 profitable trades ) and similar 1000+pips in Demo is definitely Great news! I have officially switch to TCO Trader with ema and ema cross=true for Gold (DEMO & Live), using ATR sl=1.2, and ATR tp=1.5, whilst most cur pairs are defaulted as sl=2x ATR, tp=3x ATR. I had ES ea to basket closed on 300pips, so the ATR is "emergency brakes" mostly
PS: Its not easy to trade Gold (coz of the spreads), it needs its own magic number preferably and set to acct percent % profit close to capture that profit. ES ea will ignore it if the magic number is set in ES ea. Eg most TCO Trader out of box had 0 or no magic number, which u could set yourself. So if u set ES ea to have magic number=0, it will deal with manual trades as well as trades by TCO Trader. Then u set Gold to have its own individual magic number eg 111 and set True for Acct % Profit close to easily manage 5-6 cur pairs + Gold. Gold had wider spreads true, but in actuality, once u had the trend right, its a TOTAL fants long positional trade. Within 1 hr, there may be spikes, like what happen to my 1st gold trade and that spike can be very scary (I got spike that went 600+pips). But during last mth, I had already closed 1000+pips on Gold and all SELL trades.
Theres nothing like Gold which had this unique behavior. You are actually better off trading this than silver or "weird" cur like ZARUSD, USDPLN etc (Urgghhhh........
). You would most likely politely tell me, Hey Read 1st post "Trending EA" meaning instruments that have almost no vol or very low vol, wont work. At least this blockhead (me) had gotten that idea somewhat correctly
- #1,156
- Jul 9, 2013 9:20pm Jul 9, 2013 9:20pm
- Joined Jul 2011 | Status: Gold Again | 10,565 Posts
@ TallCoolOne & members,
Have you seen this seemingly direct clone of this now famous EA?
http://www.forexfactory.com/showthre...92#post6801792
Have you seen this seemingly direct clone of this now famous EA?
http://www.forexfactory.com/showthre...92#post6801792
It takes a lot for me to IGNORE you, but you can try.
- #1,157
- Jul 10, 2013 4:41am Jul 10, 2013 4:41am
@ TallCoolOne & members, Have you seen this seemingly direct clone of this now famous EA? http://www.forexfactory.com/showthre...92#post6801792
Unless u like watching grass grows, it might be a better "entertainment" choice than using their folder of free EAs. Their freeware indicators are ok though, but since they dont trade, u can use it off the shelves for your chart analysis.
- #1,158
- Jul 11, 2013 6:58am Jul 11, 2013 6:58am
- Joined Nov 2010 | Status: Snaggin' Some Pips | 2,159 Posts
