TCO Trader EA

[TallCoolOne]

*** Update Update Update Update ***

TCO Trader v1.6
- Take Profit/Loss on Percentage based on Magic Number - Thanks to darkgsg(ck) for the coding
- Made the Lower TF Signal selection integer instead of bool, 1 = WPR and 2 = Stochastic


Just a quick update team. Thanks to darksgs, should be able to close trades on profit/loss percentage based on magic number. Also I changed the selection of lower TF method to integer to make it easier to optimize your lower TF trigger methods. I have started a new trade explorer - TCO Trader Mixed Bag, which has all the methods optimized for each pair. I don't have any open trades yet, so it is not visible, but it should soon. Thanks


So take note the parameters have changed, so if you use the new release make sure you check your settings. Thanks!

Hi TCO,

Just want to know how the TP works....I can see the OOTB TP is 350 and the EA also dispays this on the chart....Is this 350 value actually 35 real pips based on a four decimal place broker....or is it actually 350 pips regardless of the number of decimal places your broker has....The reason i ask, is that i have a trade running that is currently up over 100 pips and i'm not sure what to expect from a take profit....

Regards
Wiggy

Hi Wiggy, the EA should dynamically correct for 4 digit brokers. 350 TP should be 350. Please let me know if this isn't working. Thanks.

[TallCoolOne]

any more updates?

Hi Grandpost, I believe the development is pretty much done. Are you testing the EA?

[cuzgeorge]

Hi TCO, all,
here is a small update on the 15M TF i tried out. The zip attached has the EA as changed by me and a simple comparrisson will pop out the differences. remember i tried the 15M approach looking at 1hr. The only pair that seemed to work out was the EU on a 1HR chart. Tested 7 pairs, including JPY pairs.

Not a big trader at all, with only 4 trades for the period tested, but all winners. Remember there is no TP so all closures should be in red as a trailing stop out. I think i may have my trailing distance too close, but worth a look i think;
fxbook link;
http://www.myfxbook.com/members/cuzgeor ... ons/686207
zip file with EA;

tco 1.6 successfull strict turtle on 1hr eurusd chart.zip

Other fxbook links for 1.4 also are still getting updated. Surprised with 1.4 still doing well. WIll make a point to update post that link , as well as the rest, tonight.
http://www.myfxbook.com/members/cuzgeor ... g-5/560556

regards
cuz

[Mourad]

Thank you Mr Tallcoolone for your effort. I read this thread and the other thread in FF
I did some backtesting using Empty4 strategy tester for 6 months [Jan to June] on EUR/USD. as all trend EA's I got slaughtered sometimes.
So I optimized inputs to be very conservative::
Using tp=1 ATR & SL=1.5 ATR.
Trend [1440] = MA, MACD, and Ichi. [Default settings]
signal = 60
Stoch:
K = 20
D = 2
Slowing = 4
smoothed, close with confirmation.

EA took 30 trades: 14 BE, 12 TP, 4SL with total 700 pips on EUR/USD only.
I'll keep testing and write you the feedback.

Mourad

[Mourad]

Ok, backtesting eurusd from July to Oct was 12 BE and 2 TP
My BE = 50 pips.
So if our main TP the whole year was 50 pips we'd have made more than 1400 pips

I'll also try to backtest this EA by applying Bob's strategy on the 4hr chart

Mourad

[kwchau]

Hi Tallcoolone, thank you for sharing this EA. One clarification I would like to have. If I like to turn on the Stoch_confirmation, should I input 0 or 1 ?

appreciate your reply.

[Mourad]

Hi Tallcoolone, thank you for sharing this EA. One clarification I would like to have. If I like to turn on the Stoch_confirmation, should I input 0 or 1 ?

appreciate your reply.

1=true
0=false

see attached file for all variables

[kwchau]

Hi Tallcoolone, thank you for sharing this EA. One clarification I would like to have. If I like to turn on the Stoch_confirmation, should I input 0 or 1 ?

appreciate your reply.

1=true
0=false

see attached file for all variables

Thank you Mourad ! The variables description in the text file use true or false, but the codes use 0 or 1, so I was a bit confused which is which.

[Mourad]

Hi Tallcoolone, thank you for sharing this EA. One clarification I would like to have. If I like to turn on the Stoch_confirmation, should I input 0 or 1 ?

appreciate your reply.

1=true
0=false

see attached file for all variables

Thank you Mourad ! The variables description in the text file use true or false, but the codes use 0 or 1, so I was a bit confused which is which.

You might want to check the same thread on FF it exceeded 60 pages and I got this file from there. You can get an excel file contains backtesting for all pairs using all different variables. I will post it when I get home. And share with me your results please because this is a nice bot but needs a lot of testing with all these settings

[kwchau]

Hi Tallcoolone, thank you for sharing this EA. One clarification I would like to have. If I like to turn on the Stoch_confirmation, should I input 0 or 1 ?

appreciate your reply.

1=true
0=false

see attached file for all variables

Thank you Mourad ! The variables description in the text file use true or false, but the codes use 0 or 1, so I was a bit confused which is which.

You might want to check the same thread on FF it exceeded 60 pages and I got this file from there. You can get an excel file contains backtesting for all pairs using all different variables. I will post it when I get home. And share with me your results please because this is a nice bot but needs a lot of testing with all these settings

Certainly will, thanks again !