TCL1 EA - Proud EA for a poor trader! | Forex Factory

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Attachments: TCL1 EA - Proud EA for a poor trader!
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TCL1 EA - Proud EA for a poor trader!

  • #1
  • First Post: Edited Apr 18, 2018 2:01am Aug 1, 2016 9:43am | Edited Apr 18, 2018 2:01am
After going through multiple EA and failing with most of my creation, I finally combined my different strategy to develop TCL1 EA.
The reason i failed with all other EA available because all of them either work good in trending market or in ranging market and they all require large initial balance to begin with. I don't had large trading capital, so i made sure that i will not need large balance to trade with my EA.

I Created it using EA BUILDER. Its very easy. You can create too if you want your personal EA.

I tested with multiple currency pairs for a long period (more than a year). For each pair i just used $100 as starting balance. I most pairs I got expected result. The only pairs that failed me are JYP related pairs.

This EA has variety of settings but each successful pairs used the default setting already available in the EA.

Attached snapshot for EURUSD pair. For other pairs, test it yourself with different settings, if you don't understand the settings value to enter let me know..

The attached EA will work fine in back test as well as in live account till 2016 end.

EA name is changed from TCL1 to ForexMachine

Download this EA for 2017 full version here (No Price Limit)

Its not a holy grail but i have only one purpose for this EA is to trade my live account so that I can spend time outside.... What yours dream ??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sn1.JPG Size: 97 KB
Click to Enlarge Name: sn2.JPG Size: 81 KB
Attached File(s)
File Type: ex4 ForexMachine.ex4   49 KB | 793 downloads | Uploaded Oct 29, 2016 4:05am
File Type: docx ForexMachine Parameters.docx   17 KB | 709 downloads | Uploaded Oct 29, 2016 4:05am
  • #2
  • Aug 1, 2016 9:59am Aug 1, 2016 9:59am
super risky EA, you obviously locked it inorder to sell it, highly not worth it, dont waste your money on this garbage
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #3
  • Aug 1, 2016 10:15am Aug 1, 2016 10:15am
Quoting Soros
super risky EA, you obviously locked it inorder to sell it, highly not worth it, dont waste your money on this garbage
Yes I have locked it.... It is true. But the reason is not what you have imagined..
No one can get rich selling EA. I locked it because the EA is still under observation and testing. Unlocking the EA will motivate traders to take risk with the system which is not confirmed to be risk free.
I have planed it for personal use only and to share with few friends. The only reason i posted it is to let people know that developing an EA with such quality is possible. They can also try developing it themselves. In simple word EA for a small account is possible, create it yourself...
  • #4
  • Aug 1, 2016 10:28am Aug 1, 2016 10:28am
Thanks D.s.
What timeframe is it attached according your results above on EURUSD?
  • #5
  • Aug 1, 2016 10:43am Aug 1, 2016 10:43am
Quoting kofix11
Thanks D.s. What timeframe is it attached according your results above on EURUSD?
its default setting. Dont worry about time frame of your window. Whatever time frame is mentioned in the settings, it will trade according to that time frame irrespective of the time frame you attached it to. Default time frame is 15 min
  • #6
  • Aug 1, 2016 11:17am Aug 1, 2016 11:17am
Invalid lots amount for OrderSend Function :-?
  • #7
  • Edited 12:00pm Aug 1, 2016 11:26am | Edited 12:00pm
Quoting cmhoahongxan
Invalid lots amount for OrderSend Function :-?
I know... Working currently on it. Will Update fixed EA in an hour.
.
.
.
Fixed. I have changed the attached EA in the beginning with fixed EA
  • #8
  • Aug 1, 2016 5:00pm Aug 1, 2016 5:00pm
following this thread
  • #9
  • Aug 1, 2016 5:26pm Aug 1, 2016 5:26pm
Quoting D.s
{quote} I know... Working currently on it. Will Update fixed EA in an hour. . . . Fixed. I have changed the attached EA in the beginning with fixed EA
First test. Jan 2016 to present GBP/USD. Default settings on $ 100 account. Failed after 19 days. Out of margin

Attached Image (click to enlarge)
Click to Enlarge Name: UMM_not_good.gif Size: 6 KB


Also ran EUR/GBP same default settings. Also failed after 3 months.

USD/CHF did manage to survive with 89.00 profit after 6 months. 89% not bad until you notice the 50% Draw down..

Perhaps default settings are not what should be used? but without a detailed description of what each entry does or how the EA actually takes trades, I will pass on any further testing. Good luck.
  • #10
  • Aug 2, 2016 12:53am Aug 2, 2016 12:53am
Quoting thorn
{quote} First test. Jan 2016 to present GBP/USD. Default settings on $ 100 account. Failed after 19 days. Out of margin {image} Also ran EUR/GBP same default settings. Also failed after 3 months. USD/CHF did manage to survive with 89.00 profit after 6 months. 89% not bad until you notice the 50% Draw down.. Perhaps default settings are not what should be used? but without a detailed description of what each entry does or how the EA actually takes trades, I will pass on any further testing. Good luck.
I also got this failed result before. There are multiple strategy involved and There is a certain bug in one strategy which did not allow EA to open new trade at certain condition which was previously generating error as "Invalid lot amount". Funny thing is that in other pairs the performance was good due to this bug. Killing this bug reduced the performance, at the same time this bug kills certain trade entirely like the snapshot you have attached. I am working on a different approach which will entirely replace the bugged strategy. Till then don't use the EA even if the performance seems tempting...
  • #11
  • Aug 2, 2016 9:55am Aug 2, 2016 9:55am
I have updated the EA at the beginning. Looking at the positive outcome of the bug noticed, i removed the bug , but kept the effect of the bug, if you would have noticed previously the same EA settings will act differently if you would have changed your trading balance and would have produced different back test result. In this updated EA I have removed that anomaly. No matter what is your initial trading balance you will get same percentage of gain. Still there are some Forex pairs where this EA will cause disaster. So use it in those pairs where long back test satisfy you.
  • #12
  • Aug 4, 2016 1:59am Aug 4, 2016 1:59am
sorry，IT is can not work well！IT is locked 。are you going to sell it？how much？let me see if I can afford that？haha
  • #13
  • Aug 5, 2016 1:59pm Aug 5, 2016 1:59pm
the EA get very good
i use UJ/EJ/GJ
Find it The Best Entry Points
  • #14
  • Aug 5, 2016 2:04pm Aug 5, 2016 2:04pm
While testing TCL1, i noticed keeping the setting of "Wait counter hoping to return from negative trade" value from 3 to 5 yields best result. default 5 was more stable but in many cases 3 generated more profit.
Many of you have tested with different settings. Could you share your settings which you felt more suitable.
  • #15
  • Aug 7, 2016 8:19am Aug 7, 2016 8:19am
TCL1 is about to become more powerful as i am going to upgrade it with a new technique to increase overall performance.
  • #16
  • Aug 8, 2016 8:23pm Aug 8, 2016 8:23pm
Quoting D.s
TCL1 is about to become more powerful as i am going to upgrade it with a new technique to increase overall performance.
It's incredible, looking forward to your good news
  • #17
  • Aug 8, 2016 11:59pm Aug 8, 2016 11:59pm
Hi TS,

So the EA attached cannot be used by any of us here??
  • #18
  • Aug 9, 2016 2:32am Aug 9, 2016 2:32am
Quoting paqralos
Hi TS, So the EA attached cannot be used by any of us here??
Are you saying the EA is not working in demo or live account ? Please confirm me, because I think the attached EA will work completely fine till august end. You can use the attached EA in any account and can generate profit if you wish. Just remember EA will take some time to initiate the first trade. Just check the expert tab, if you find any message saying EA will work on backtest only then let me know, i will replace the attachment, else EA will work properly. Just remember to have patience till it triger the first trade.
  • #19
  • Aug 9, 2016 2:41am Aug 9, 2016 2:41am
Quoting nomatter
{quote} It's incredible, looking forward to your good news
Please don't get excited so early, even i am using the same version of EA in my live account, which i have attached at the begining of this thread.
While improving TCL1,I implemented a new logic which increased the profit by 3x, I increased my balance from $100 to around $4000 in EURUSD pair within 1 year, but after back testing for a period of 1 year, suddenly entire account got blown up. So i did not implemented that logic. I am still working on it trying to modify it.... it will take time before i can create a trustworthy logic., till then the current version of TCL1 is the best.
  • #20
  • Aug 9, 2016 10:48pm Aug 9, 2016 10:48pm
hi,this is my basket from 2015to 2016 ,EU,Default settings on $ 1000 account
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 26 KB
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