TCO Trader EA

Hi Guys/Gals,

I have decided to start my own thread for my EA I simplified the EA name - TCO Trader

First I want to say I'm very thankful to 100PipsADay and everyone else on the D1 20 EMA & 50 EMA thread. This EA was designed from the strategies on 100PipsADay's thread - D1 20 EMA & 50 EMA I'm very excited about these strategies and think they have long-term viability for us. I would like to give back to this community by making my EA available. My EA is available, for free, I just ask that no one try to sell it on EBAY. I hope we can work out any bugs and add more features as we go.

TCO Trader EA – Features.

The EA will let you select 1 of 3 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 designed to work with one method so if you mark one true, mark the others false.

1. Ichimoku - Tenkan Sen/Kijun Sen cross, with a Kijun Sen trailing stop feature.
   
2. 20/50 EMA – 100PipsADay's basic strategy, however it enters on close of the lower TF bars
   
3. Adjustable MACD Trend above/below zero – based on Third Screen MACD strategy
   

Smaller TF Trade Entry - can be set to whatever TF you desire

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

EA Features

1. Close All Open Trades On Opposite Signal - can be turned on or off
   
2. Time Delay can be set - Small TF bars delay between trades (thanks to Scott (thehenryfam)) for this logic.
   
3. MaxOrdersPerPair - limit your risk by setting max allowed trades that can be opened per pair.
   
4. Standard TP and SL
   
5. Trailing SL
   
6. Jumping SL
   
7. Breakeven SL
   
8. ATR based TP
   
9. ATR based SL
   
10. Fixed or dynamic lot sizes (based on Risk%)
    
11. Should work with nano, micro and standard accounts, and any pairs with or without a 'suffix'.

This EA will open the trade first and then modify the trade with the take profit and stop loss, so it should work with ECN brokers.

The EA was designed to work on a nano account - 1 pip equals $ 0.01 cent. So those testing on micro, mini and standard accounts please verify your lot sizing is working correctly if you use dynamic lot sizing.

The EA is designed to work on the lower time frame chart. So if you use the daily time frame for your trend determination and the hourly time frame for the Williams% entry signal, the EA must be applied to the hourly chart. The indicators in the attached template were edited accordingly so the daily trend indicators display on the hourly chart correctly. If you use a different time frame for your lower time frame and you use the template, you will need to adjust the periods in the indicator. So be advised.

Future Upgrades.

1. Global Trade Profit Target
   
2. Lot sizing based on lot size per $1000 of account balance.
   
3. Trader controlled trend determination. You will be able to override the higher TF trend determination and just tell the EA if you only want it to GoLong or GoShort and the EA will enter the trade when a signal is determined by the Williams% on the lower TF but only in the direction the trader specifies. Then the EA will manage the trades using the EA's trade management features.
   

We will track upgrades and the different versions here in post one. Please let me know if you have any questions. Thanks - TCO

I have decide to keep the version numbering of the EA internal So for now on the EA will always just be named TCO_Trader.mq4. This should make updating your platforms easier when you want to add a new version.

TCO_Trader v1.0 Initial Release

TCO_Trader v1.1

- Fixed MACD Trend Determination where it was only taking Buys and not Sells

- Also made the versioning internal and changed the external name to always be the same

to make updating easier.