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TCO Trader EA

  • #1,221
  • Jul 15, 2013 8:58pm Jul 15, 2013 8:58pm
Quoting Erebus
{quote} Have you had any trades open now that the EA is on 1 hours charts? Apart from actually knowing which method you are / want to trade, it should work with default settings.
Hi Erebus, its me, the blockheaded, sometimes fuzzy minded gal (with the blond hair, what do u expect ). I guess TCO is too over swamped with bug fixes and whats not, please see whether u could help me out, reference post
http://www.forexfactory.com/showthre...40#post6818940

I am still at the trying to figure it out stage. (As posted once I got this right, I will see how I could translate it to settings Excel that will hopefully help another fuzzy minded person with or without blond hair)

Anybody pleeze, totally lost by the new settings intro by TCO. (Guess its the adage too many cooks spoilt the soup). Although TCO Trader is kinda more like whats called a "Master's soup". A soup whereby u used all kinds of yummy ingredients to boil it, then u freeze unused portion, and add more ingredients and water and boil over and over. (PS: Its an actual dish that even famous world chef made, its used as top stock soup or for favoring or even stiry frying vegs)
  • #1,222
  • Jul 15, 2013 11:49pm Jul 15, 2013 11:49pm
Quoting MKFXTrader
{quote} Have you even bothered to look at the trader EA instructions? Everything is there.

Yes, but my eyes did not expect that it has something to do with stochastic, so I did simply not see it.
  • #1,223
  • Jul 16, 2013 12:50am Jul 16, 2013 12:50am
Quoting ymleong
{quote} Hi Erebus, its me, the blockheaded, sometimes fuzzy minded gal (with the blond hair, what do u expect ). I guess TCO is too over swamped with bug fixes and whats not, please see whether u could help me out, reference post http://www.forexfactory.com/showthre...40#post6818940 I am still at the trying to figure it out stage. (As posted once I got this right, I will see how I could translate it to settings Excel that will hopefully help another fuzzy minded person with or without blond hair) Anybody pleeze, totally...
On the contrary, I think you have a very good understanding of the settings, the tests and how to achieve them; what I am not clear on is, which method do you want to trade - or do you want to trade each pair as per it's best results settings?

Because as you know, future results will not be the same as past testing for sure!

So as for the referenced post, I can not make out what the issue is that you are trying to address, maybe if you could just make a short post?
It takes a lot for me to IGNORE you, but you can try.
  • #1,224
  • Jul 16, 2013 1:40am Jul 16, 2013 1:40am
Turtle - MA method getting hammered again right now, maybe 100_pips had the right idea, enormous stops and ride it out

Trend is down but retracements are huge!
Attached Image (click to enlarge)
Click to Enlarge Name: 0067.png Size: 70 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,225
  • Jul 16, 2013 2:53am Jul 16, 2013 2:53am
Quoting Erebus
{quote} Have you had any trades open now that the EA is on 1 hours charts? Apart from actually knowing which method you are / want to trade, it should work with default settings. Have you clicked on top toolbar of MT4? TOOLS ---> OPTIONS ---> EXPERT ADVISORS ARE those setting correct for Live Trading?
Hi Erebus,

Yes, last 24hrs AUD/USD and NZD/USD were opened and that's it. Have done (I think at least) everything as per instruction but still.... Would you share your EA settings?

I have no doubt this system is great but need to get up and running. By the way 'Third Screen Strategy' and 'D1 - 20 EMA & 50 EMA' are working without any problems and therefore failing to understand why this is not working.

PS - comments made by ymleong are not very constructive
  • #1,226
  • Jul 16, 2013 3:18am Jul 16, 2013 3:18am
Quoting lind
{quote} Hi Erebus, Yes, last 24hrs AUD/USD and NZD/USD were opened and that's it. Have done (I think at least) everything as per instruction but still.... Would you share your EA settings? I have no doubt this system is great but need to get up and running. By the way 'Third Screen Strategy' and 'D1 - 20 EMA & 50 EMA' are working without any problems and therefore failing to understand why this is not working. PS - comments made by ymleong are not very constructive
Sure no problem, it is right here in Dropbox

Another silly question, you do have the EA on every chart and those are all 1 hour charts?



PS: change the txt file extension to SET
Attached File(s)
File Type: txt 20.50.turtle.txt   2 KB | 360 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #1,227
  • Jul 16, 2013 3:56am Jul 16, 2013 3:56am
Quoting Erebus
{quote} On the contrary, I think you have a very good understanding of the settings, the tests and how to achieve them; what I am not clear on is, which method do you want to trade - or do you want to trade each pair as per it's best results settings? Because as you know, future results will not be the same as past testing for sure! So as for the referenced post, I can not make out what the issue is that you are trying to address, maybe if you could just make a short post?
Ok 1st issue: if I settle on eg Turtle and stoch ema close with Con, I dont even know whether I got the correct "concept" of what other indicators I got to set to emulate what the EA was trying to do that fitted the test result. Once I get passed the "mapping" necessary for ONE trend method with those indicators to be set under that TREND method, then I can go abt figuring out the rest.

Esp when if u look into the parms, there are TWO sets of ma, one with stoch.... prefix, one without. I am only quite confused over the MA....parms on whether this shld be set cos they had same selections of MA
==========================================================================================================
MA_Slow = 50 - Slow MA setting

MA_MAmethod = 1; - 0 - SMA, 1 - EMA, 2 - SMMA, 3 - LWMA

MA_PriceMethod = 0; - 0 - Close, 1 - Open, 2 - High, 3 - Low, 4 - Median Price, 5 - Typical Price, 6 - Weighted

EMA_Cross = false - Set to true to enforce EMA cross - 20EMA above 50EMA for buys, 20EMA below 50EMA for sells
========================================================================================
Stoch_MAmethod = 0 - 0 - SMA, 1 - EMA, 2 - SMMA, 3 - LWMA

Stoch_PriceMethod = 0 - 0 - Low/High 1 - Close
=========================================================================================
Eg, to use macd adjustable, stoch ema closed, I had to set Stoch.... parms, but what abt MA.... parm? (is this for EMA method specific).
===========================================================================================
MACD parms are self explanatory so I got this correct, hopefully) ie, eg,
MACD_Method = 1 - Set to 1 - MACD Adjustable method, 2 to use MACD Hanover method, 3 to use MACD Traditional method

(This is the column title in the test results under "MACD". To use MACD Hanover, set MACD_Method=2, etc. If I want to use Ichi for eg, this parm is NOT used by the EA)
  • #1,228
  • Jul 16, 2013 4:41am Jul 16, 2013 4:41am
Quoting Erebus
{quote} Sure no problem, it is right here in Dropbox Another silly question, you do have the EA on every chart and those are all 1 hour charts? PS: change the txt file extension to SET {file}
Thanks Erebus. I'll compare your setting with mine. Yes, I did open the tco_trader.tpl on 1hr chart and therafter loaded EA on same chart and like that on all currency pairs. Do you use same settings on ALL currency pairs?
  • #1,229
  • Jul 16, 2013 4:57am Jul 16, 2013 4:57am
Quoting ymleong
{quote} there are TWO sets of ma, one with stoch.... prefix, one without. I am only quite confused over the MA....parms on whether this shld be set cos they had same selections of MA
I think this is main confusion but simple to answer

First choose the TREND method you want to trade for example MA method or 20/50 as we know

Now, there are options to set which type of MA you want to use, as per your list - these are the same choices you make every time you use a plain MA on any MT4 chart

Make that choice and setting, this is your TREND on the DAILY chart

Now down to the TRADE ENTRY choice; only 2 = Williams % Range OR Stochastic

You choose Stochastic - these settings are same as normal Stochastic you use on MT4 chart

Some other people requested to have this included with the EA, maybe they have some secret settings to use and can reply

What settings were in back test? Have to ask TallCoolOne

Anyway, these are the TRADE ENTRY settings to trigger the trade on 1 HOUR chart

Pretty simple but maybe to many options now for new users, and one must be familiar with the number for type of MA e.g.

0 - SMA, 1 - EMA, 2 - SMMA, 3 - LWMA
It takes a lot for me to IGNORE you, but you can try.
  • #1,230
  • Jul 16, 2013 6:19am Jul 16, 2013 6:19am
Hello all,

Just looking for opinions on optimization vs curve fitting. Which parameters do you think we should be optimizing on the EA? From my experimentation obviously the ATR multiplier for sl and tp make a huge difference, however I also find that adjusting the values of the daily indicators - particularly MACD and Inchimoku also makes a big difference to drawdown and profit. My question about this is: by adjusting these, are we merely curve fitting or do you think it will increase our odds of better trades if optimized? When I say optimized I'm thinking about a years worth of data updated monthly.

Any related thought and ideas are appreciated
  • #1,231
  • Jul 16, 2013 6:35am Jul 16, 2013 6:35am
Quoting Telac
Hello all, Just looking for opinions on optimization vs curve fitting. Which parameters do you think we should be optimizing on the EA? From my experimentation obviously the ATR multiplier for sl and tp make a huge difference, however I also find that adjusting the values of the daily indicators - particularly MACD and Inchimoku also makes a big difference to drawdown and profit. My question about this is: by adjusting these, are we merely curve fitting or do you think it will increase our odds of better trades if optimized? When I say optimized...
Inserted Video


Ain't Nobody Got Time For That

It takes a lot for me to IGNORE you, but you can try.
  • #1,232
  • Jul 16, 2013 6:51am Jul 16, 2013 6:51am
Quoting Erebus
{quote} http://youtu.be/bFEoMO0pc7k Ain't Nobody Got Time For That


Thanks Erebus,

Actually I do have time if it makes a difference.......I gather you don't think it will which I appreciate....thx
  • #1,233
  • Jul 16, 2013 7:00am Jul 16, 2013 7:00am
Quoting Erebus
{quote} http://youtu.be/bFEoMO0pc7k Ain't Nobody Got Time For That
You got too much time on your hand Erebus.
  • #1,234
  • Jul 16, 2013 7:10am Jul 16, 2013 7:10am
Quoting MKFXTrader
{quote} You got too much time on your hand Erebus.
Now you've pushed me over the edge, you are on my buddy list

It takes a lot for me to IGNORE you, but you can try.
  • #1,235
  • Jul 16, 2013 7:31am Jul 16, 2013 7:31am
Quoting Erebus
{quote} I think this is main confusion but simple to answer First choose the TREND method you want to trade f
Off to the test. Thanks and Thanks. Sure glad u took "that" time to help me out.
  • #1,236
  • Jul 16, 2013 8:40am Jul 16, 2013 8:40am
I would be helpful to see the DD for each configuration on the spreadsheet.
Gary
  • #1,237
  • Jul 16, 2013 9:27am Jul 16, 2013 9:27am
Quote
Alpine4133
I would be helpful to see the DD for each configuration on the spreadsheet.
Gary

Snap, Gary.

It seems from TCO's parameters that the best methods generate between 8 and 10 times initial capital balance in 18 months. That, initially, looks phenomenal.
However, a quick eyeball test looks like TCO's average stop loss is at least 250 pips (2 times 125 ATR say, some are 250 some are 80) and his lot size is 0.01 per $1,000. Am I therefore right in thinking that amounts to approximately 2.5% average risk per trade, with potential to go 8 deep on each pair?

If that's so, I don't think anyone here would risk ANYTHING like that and sleep easy at night.

So I agree, it would be very interesting to see what the drawdown is, because based upon 2.5% a trade, you must be well underwater sometimes. When I live tested this last week, I quickly realised that it would not be unusual to get 20 to 30 open trades at a time with 12 pairs traded. That would be over 60% of your account on the line at 2.5% per trade. So if Mr Average and Mrs Reasonable agree to risk no more than say 10% to 15% of their account tops, they would need to divide TCO's results by 5 say and risk 0.5% per trade (I still think that set-up would have potential for drawdown of 30% in a run against them).

So, perhaps a return of 1.6 to 2 times your capital in 18 months would be what the more sensible investor would plan for. Still great, but around 4% would be the return.

Am I right with my maths or have I got a decimal point wrong somewhere? Look forward to hearing about the drawdown and reasons why I can happily risk more!!!!!
John
  • #1,238
  • Jul 16, 2013 9:49am Jul 16, 2013 9:49am
Quoting s3 signals
{quote} Snap, Gary. It seems from TCO's parameters that the best methods generate between 8 and 10 times initial capital balance in 18 months. That, initially, looks phenomenal. However, a quick eyeball test looks like TCO's average stop loss is at least 250 pips (2 times 125 ATR say, some are 250 some are 80) and his lot size is 0.01 per $1,000. Am I therefore right in thinking that amounts to approximately 2.5% average risk per trade, with potential to go 8 deep on each pair? If that's so, I don't think anyone here would risk ANYTHING like that...
S3, pretty sure TOC uses micro lots - At least I see his demos are set up that way.
  • #1,239
  • Jul 16, 2013 9:57am Jul 16, 2013 9:57am
Quoting s3 signals
{quote} Snap, Gary. It seems from TCO's parameters that the best methods generate between 8 and 10 times initial capital balance in 18 months. That, initially, looks phenomenal. However, a quick eyeball test looks like TCO's average stop loss is at least 250 pips (2 times 125 ATR say, some are 250 some are 80) and his lot size is 0.01 per $1,000. Am I therefore right in thinking that amounts to approximately 2.5% average risk per trade, with potential to go 8 deep on each pair? If that's so, I don't think anyone here would risk ANYTHING like that...
Hi S3, that is not correct. I started with $10,000 balance for back testing. I used .01 per $1000 lot sizing, so my lot size initially was .10. Also, the totals at that bottom do not take in account if all pairs were traded together on the same account, were the lot size would have increased to .11 when the balance reached $11,000 and .12 when $12,000 and so on. So probably the $10,000 +/- profit would be more when taking into account the all the pairs. I wish mt4 would let you set up testing for all pairs at once. It would be nice to see the ebb and flow of DD and profit for the whole portfolio. Thanks - TCO.
  • #1,240
  • Jul 16, 2013 9:58am Jul 16, 2013 9:58am
Quote
Telac
S3, pretty sure TOC uses micro lots - At least I see his demos are set up that way.

I hope so, his results would then surely be phenomenal!!
John
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