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TCO Trader EA

  • #1,161
  • Jul 11, 2013 10:26am Jul 11, 2013 10:26am
Dear TCO,

I've been following this thread from very beginning, read it at least 5 times and set up MT4 at least 10 times but for some reason (unknown to me) no trades are opening despite system seems to be activated.

Any suggestions?

Tks, lind
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  • #1,162
  • Jul 11, 2013 10:44am Jul 11, 2013 10:44am
Quoting lind
Dear TCO, I've been following this thread from very beginning, read it at least 5 times and set up MT4 at least 10 times but for some reason (unknown to me) no trades are opening despite system seems to be activated. Any suggestions? Tks, lind {image}

Here is one suggestion. If you are suing Bar Mode, which it appears you are. The EA must be on the lower TF chart, which would be the 1 Hour chart, not the daily. Thanks!
  • #1,163
  • Jul 11, 2013 10:56am Jul 11, 2013 10:56am
Quoting TallCoolOne
{quote} Good words to here. There will always be draw down. You see it in back testing as well as forward testing. Just need to hang tough. In the past I would have said.....this strategy doesn't work....I need to find a new one...flitting around and around. I have almost completed my testing with 1.5 and also my WPR vs. Stoch testing for all methods. Should be releasing the new EA and testing spreadsheet shortly. In my testing so far for the MA strategies that LWMA is a better choice over EMA, so I may reset my EMA demo with this after the release...
TCO,
No wonder we haven't heard from you in awhile.
  • #1,164
  • Jul 11, 2013 11:03am Jul 11, 2013 11:03am
We love you TCO
  • #1,165
  • Jul 11, 2013 12:04pm Jul 11, 2013 12:04pm
Quoting TallCoolOne
{quote} Good words to here. There will always be draw down. You see it in back testing as well as forward testing. Just need to hang tough. In the past I would have said.....this strategy doesn't work....I need to find a new one...flitting around and around. I have almost completed my testing with 1.5 and also my WPR vs. Stoch testing for all methods. Should be releasing the new EA and testing spreadsheet shortly. In my testing so far for the MA strategies that LWMA is a better choice over EMA, so I may reset my EMA demo with this after the release...

Wow, huge amount of work! I also have been doing some testing and optimization for the past 12 months using tick data. For me the Ichimoku has given the best results for the Daily and generally Williams % better for hourly but for each pair the variables of each have been tweaked to get the best results. I have found the break even, jumping stop and trailing don't help....biggest factor is the ATR multipliers for SL and TP. Confirmation seems to always bring better results and for some reason the weekly MACD doesn't seem to made any difference on or off. I find that the profit factor is best using max 2 positions. Will be interesting to compare results....but so far I've only managed to get 4 pars done
  • #1,166
  • Jul 11, 2013 5:40pm Jul 11, 2013 5:40pm
Quoting TallCoolOne
{quote} Good words to here. There will always be draw down. You see it in back testing as well as forward testing. Just need to hang tough. In the past I would have said.....this strategy doesn't work....I need to find a new one...flitting around and around. I have almost completed my testing with 1.5 and also my WPR vs. Stoch testing for all methods. Should be releasing the new EA and testing spreadsheet shortly. In my testing so far for the MA strategies that LWMA is a better choice over EMA, so I may reset my EMA demo with this after the release...
Very good by MACD Traditional!!!

with regards,

Maudur
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  • #1,167
  • Jul 11, 2013 7:59pm Jul 11, 2013 7:59pm
Quoting TallCoolOne
{quote} Good words to here. There will always be draw down. You see it in back testing as well as forward testing. Just need to hang tough.
V1.5 YA, with TEST RESULTS, u rule!
  • #1,168
  • Jul 11, 2013 11:09pm Jul 11, 2013 11:09pm
Hi TCO,
Thanks for your great work sharing with all of us.
I need a clarification:
When you choose Manual trend of "Go Long" or "Go Short" , does it overrides the Auto trend methods 1 - 4, and places orders based on the short TF method selection of stochastic or w% ? Or one still have to choose one of the auto trends along with the manual trend selection?
I would prefer first one, means if I select Manual method, it should override auto trend selection and use only short TF (1HR) to place trades according to manual selection and the choice of stochastic or w% .
Kindly clarify.
Regards
  • #1,169
  • Jul 12, 2013 2:54am Jul 12, 2013 2:54am
Quoting newentrader
Hi TCO, Thanks for your great work sharing with all of us. I need a clarification: When you choose Manual trend of "Go Long" or "Go Short" , does it overrides the Auto trend methods 1 - 4, and places orders based on the short TF method selection of stochastic or w% ? Or one still have to choose one of the auto trends along with the manual trend selection? I would prefer first one, means if I select Manual method, it should override auto trend selection and use only short TF (1HR) to place trades according to manual selection and the choice of...
Yes. Go long or short overrides auto trend. It will still use stochs or WPR to trigger trades.
  • #1,170
  • Jul 12, 2013 3:35am Jul 12, 2013 3:35am
Quoting MKFXTrader
{quote} Yes. Go long or short overrides auto trend. It will still use stochs or WPR to trigger trades.
Hi MKFX,
Thanks a lot.
I want to try stochastic for trade placement , as you have strongly recommended it in this forum, but I dont have experience with it.
Also TCO is providing so many permutation combinations of Stoch. Can you help me to understand what he is incorporating and what combination of Stoch is best to use.
Also if you can provide a Good Stochastic indicator here( though it is there in MT4 Indi list, if that is ok to use) with suggested settings to put on the chart (EA does not need it but for manual checking).
With regards
  • #1,171
  • Jul 12, 2013 3:43am Jul 12, 2013 3:43am
Quoting MKFXTrader
{quote} Yes. Go long or short overrides auto trend. It will still use stochs or WPR to trigger trades.
Please can I ask for additional clarification here on this?
Will the WPR or stochs trigger the trades in the direction desired regardless of the trend method in use eg MACD says trend is short, but I want only longs for the pair at this time, will a long trigger when WPR gives the appropriate long signal?

A truly fantastic EA, many congrats to TCO and the others who contributed to it. If it has a fault, it may be trying to be all things to all people, I agree with others here to KISS it.
  • #1,172
  • Jul 12, 2013 3:51am Jul 12, 2013 3:51am
Turtle method.

How does this work? Is it simply that a trade will trigger in whatever direction the 20 period high/low is breached, and if so which TF should the ea work on?
Are all the other parameters disabled eg MACD, WPR etc that are used with the other trend methods?
Usually the Turtle is used with daily TF, although I am sure it could be applied to smaller TF.

Thank you for a very friendly thread.
  • #1,173
  • Jul 12, 2013 5:31am Jul 12, 2013 5:31am
Quoting foxmaster
Turtle method. How does this work? Is it simply that a trade will trigger in whatever direction the 20 period high/low is breached, and if so which TF should the ea work on? Are all the other parameters disabled eg MACD, WPR etc that are used with the other trend methods? Usually the Turtle is used with daily TF, although I am sure it could be applied to smaller TF. Thank you for a very friendly thread.
Turtle works the same as Ichimoku, MACD or 20/50 EMA as far as this EA goes = they determine the trend on the Daily chart

You can see this when you open the EA settings, surely that must be understandable?

For all trend methods, trade entry is triggered on the 1 hour chart by either the W%R or Stochastic; also you must make a choice in the settings

It is so devilishly simple, I am amazed by the questions repeated over & over, but I guess if you never used any EA before, it can be confusing

It takes a lot for me to IGNORE you, but you can try.
  • #1,174
  • Jul 12, 2013 5:35am Jul 12, 2013 5:35am
I was so puzzled by the last question, I went to Post #1 to see if I missed anything, here is the very first things to read, it seems quite clear to me!

TCO TRADER EA

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%R or Stochastic to enter trades on the lower TF.

TCO Trader EA – Features


The EA will let you select up to 4 different trend methods for a higher time frame - the default with be daily = 1440


Higher TF Trend Modes - can be set to whatever Higher TF you desire, the EA is now designed to work with 1-4 methods so if you can enter up to 4 different methods for the Trend Mode. All methods selected must be true to determine the overall trend.

  1. Ichimoku - Tenkan Sen/Kijun Sen cross, with a Kijun Sen trailing stop loss feature.
  2. 20/50 EMA – 100PipsADay's basic strategy
  3. Adjustable MACD Trend above/below zero – based on Third Screen MACD strategy
  4. Turtle Channel

Lower TF Trade Entry - can be set to whatever TF you desire. You can select the Williams % R method or Stochastic method for lower TF signals

Williams % entry - also can set true/false for confirmation, which means for a buy trade, the Williams % would go under -80 level and then have to go above
-80 level for a buy trade to be placed. If this is toggled off, the buy trade would be triggered as soon as it goes below the -80 level. For a sell trade, if the confirmation is set to true, the Williams % would go above -20 level and then below -20 level for the sell trade to be triggered. If the confirmation is set to false, it just has to be above the -20 level to trigger the sell trade

Stochastic entry - also can set true/false for confirmation, which means for a buy trade, the Stochastic would go under 20 level and then have to go above

20 level for a buy trade to be placed. If this is toggled off, the buy trade would be triggered as soon as it goes below the 20 level. For a sell trade, if the confirmation is set to true, the Stochastic would go above 80 level and then below 80 level for the sell trade to be triggered. If the confirmation is set to false, it just has to be above the 80 level to trigger the sell trade

It takes a lot for me to IGNORE you, but you can try.
  • #1,175
  • Edited 6:17am Jul 12, 2013 5:40am | Edited 6:17am
Quoting Erebus
I was so puzzled by the last question, I went to Post #1 to see if I missed anything, here is the very first things to read, it seems quite clear to me! TCO TRADER EA 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%R or Stochastic to enter trades on the lower TF. TCO Trader EA – Features The EA will let you select up to 4 different trend methods for a higher time frame - the default with be daily = 1440 Higher...
Thanks for spoon feeding those poor souls. I just didn't have the patience.
  • #1,176
  • Jul 12, 2013 6:22am Jul 12, 2013 6:22am
Quoting maudur
{quote} Very good by MACD Traditional!!! with regards, Maudur

Maudur,
Are you using the TCO EA for your trading as shown in your explorer and what are your setting?are you day trading with the EA
  • #1,177
  • Jul 12, 2013 6:38am Jul 12, 2013 6:38am
Quoting Godwin Igili
{quote} Maudur, Are you using the TCO EA for your trading as shown in your explorer and what are your setting?are you day trading with the EA
I explored his explorer and see that ALL trades are on EUR-USD so I do not believe it can be the TCO Trader EA doing this.

Also, he has long EUR-USD and all the trend methods are showing a sell right now, or maybe not after those 2 huge days!

It takes a lot for me to IGNORE you, but you can try.
  • #1,178
  • Jul 12, 2013 7:13am Jul 12, 2013 7:13am
Quoting Erebus
{quote} Turtle works the same as Ichimoku, MACD or 20/50 EMA as far as this EA goes = they determine the trend on the Daily chart You can see this when you open the EA settings, surely that must be understandable? For all trend methods, trade entry is triggered on the 1 hour chart by either the W%R or Stochastic; also you must make a choice in the settings It is so devilishly simple, I am amazed by the questions repeated over & over, but I guess if you never used any EA before, it can be confusing
So sorry to have troubled you at all.

I was actually hoping I had finally found an EA that would trade the Turtle strategy itself, but I understand that this EA just uses the Turtle strategy as a trend indicator, and then has to wait for the WPR or stoc to give a signal in the trend direction. The classic Turtle method says enter one pip beyond the high/low, no further trigger required.

No need to talk down to people making enquiries, given the name of the option it was a fair question from anyone who knows the Turtle strategy. Please don't be fooled by my no. of posts, under another name I have hundreds of posts and a couple of vouches, and even my own EA.

Well done TCO et al, I like the MACD/WPR strategy, and it works nicely so far. When I have given it a few months on demo and figured out how to trade it I will start it on on my live a/c.

Cheers
  • #1,179
  • Jul 12, 2013 7:18am Jul 12, 2013 7:18am
Quoting Erebus
{quote} I explored his explorer and see that ALL trades are on EUR-USD so I do not believe it can be the TCO Trader EA doing this. Also, he has long EUR-USD and all the trend methods are showing a sell right now, or maybe not after those 2 huge days!
Thanks Erebus. for your comment. Maybe Maudur is using the TCO EA for intraday trading of EUR-USD. Let's wait for Maudur comment on this matter
  • #1,180
  • Jul 12, 2013 7:35am Jul 12, 2013 7:35am
Quoting foxmaster
{quote} So sorry to have troubled you at all. I was actually hoping I had finally found an EA that would trade the Turtle strategy itself, Cheers
No trouble at all

http://www.forexfactory.com/showthread.php?t=140805
It takes a lot for me to IGNORE you, but you can try.
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