10.4 A Complete System

[cono1977]

Let me explain: 5 weeks ago the trend nzd / usd was UT but the signal is DT, is not it something?

Hi Cono,

The part of the chart you have highlighted on the lower CSS is actually back around the end of May (22nd-28th), when the NZDUSD was dropping heavily... to see the correct dates, flip to a D1 chart & then the horizontal time axis will be correct for the lower CSS...

When you are viewing a H4 chart, the time axis is correct for the top CSS i.e. the H4 CSS.

So flip timeframes between H4(top css) & D1(bottom css) to see the correct axis date & times

Hope this helps.

Cheers
Padnoter

thank you thank you thank you, you helped me.

[The_Snowman]

Hi guys. If you look at the GBPNZD chart I've posted belov, you'll realize that TCO opened a new trade whenever I closed the current one as the market kept going against me. The stoch was still pinned above 95 that's the reason.

This is where I found the 50 / 20 method that TCO was developed for let me down --- when price gets to far away from the MA's or Pivots, it decides to retrace a LOT instead of a normal retracement & continuation move.

So, depending on where stop are, they get hit or are taken out.

I see on the EA properties that you have the Lower Time Frame set as 60, so why are you blaming the Stochastic on the 4 Hour chart?

Also, what are you using to filter the trend on the Daily chart?

As, for my demo, I thinking of setting it more as taking profit at 0.5 ADR of Daily, same as my current stop loss.

This would only be 1:1 for Risk Reward but as NB always seems to have the direction correct, and he takes profit quickly also, I think it would be more in keeping with the NB spirit. Not only that, there seems to be pull back entries nearly every day, so I'm sure plenty of small trades would be great for bottom line, and get out by the end of Friday easily too.

Regards, John

[The_Snowman]

Losing faith here, I see a losing trade

[cono1977]

I have nothing but respect for those who share their work and creation here on the Forum, TallCoolOne included.

However, my opinion is 10.x is a rare bird, and conceptually a class by itself. Any mixing of 10.x with an EA, or any attempted adaptation of an EA to fit 10.x is likely to lead to unintended consequences.

By the way, I am not a 'sir'.

Z

Sure no problem, just like to point out that TCO EA is being used as a tool to assist with NB trading, in the very same way that the indicators are being used.

No one can sit in front of a computer 24/5 - I did say I run it on a demo, from there I can check the trades taken and evaluate whether or not to proceed with actual trade.

As far as consequences, in no way shape or form did anyone ever suggest that trading with an EA is not risky; nothing has changed there, ALL trading is RISKY, no doubt about that.

Mr. Snowman, a question: use tco and to manage trades entered manually, or you are running the expert automatically on a demo?
In many cases, you can summarize the settings, please?
thanks
Cono

[forexdj]

Hi guys. If you look at the GBPNZD chart I've posted belov, you'll realize that TCO opened a new trade whenever I closed the current one as the market kept going against me. The stoch was still pinned above 95 that's the reason.

This is where I found the 50 / 20 method that TCO was developed for let me down --- when price gets to far away from the MA's or Pivots, it decides to retrace a LOT instead of a normal retracement & continuation move.

So, depending on where stop are, they get hit or are taken out.

I see on the EA properties that you have the Lower Time Frame set as 60, so why are you blaming the Stochastic on the 4 Hour chart?

Also, what are you using to filter the trend on the Daily chart?

As, for my demo, I thinking of setting it more as taking profit at 0.5 ADR of Daily, same as my current stop loss.

This would only be 1:1 for Risk Reward but as NB always seems to have the direction correct, and he takes profit quickly also, I think it would be more in keeping with the NB spirit. Not only that, there seems to be pull back entries nearly every day, so I'm sure plenty of small trades would be great for bottom line, and get out by the end of Friday easily too.

Regards, John

Snowman, I realized my mistakes. I've adjusted my settings appropriately. Am not complaining. Btw, thanks for sharing how you trade with TCO. You're really inspiring.

[lionsden]

Losing faith here, I see a losing trade

Snowman,

I have had 4 losses as you can see below in the pic. All on the nzd pairs. I have been using the set file in the earlier post you sent. Is there something I am missing? Have you changed your file at all? If so, could you please be kind enough to repost? This is really promising thanks for sharing....

Lionsden

[hammondnz]

Evening all.

Just thought I'd throw in my 2 cents worth as well Set the EA going on 18 pairs this morning at 6.15am aussie time on a new Global Prime $5000 demo account. The only changes I made to Snowman's set file I made were to my stoploss 1% and take profit 3%.
Very pleasing results.

TCO EA 1st Test 18.10.13.png

I'll set it going again on Monday morning and report in again next Friday evening.

Have a great weekend

Graham

[Wavegarrick]

Hi Lionsden. Just from observation looking at my 1hrly 722 stoch for gbpnzd it did not pin up above 95 for a sell trade to be triggered. Are you using settings 722 stochastics? and is it set to 95 o/b and 5 o/s.

Apologies I see it was triggered yesterday when it was pinned up.

[lionsden]

Hi Lionsden. Just from observation looking at my 1hrly 722 stoch for gbpnzd it did not pin up above 95 for a sell trade to be triggered. Are you using settings 722 stochastics? and is it set to 95 o/b and 5 o/s.

Apologies I see it was triggered yesterday when it was pinned up.

No Apologies needed thanks for a look anyways...

[garyfritz]

Losing faith here, I see a losing trade

Only $5k profit in 24 hours!? Hardly worth the effort, I'd say...