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CCFp weekly signals (set and forget basket trading)

  • #12,221
  • Nov 16, 2017 5:18pm Nov 16, 2017 5:18pm
This weeks results

Tuesday -201 SL
Wednesday -203 SL
Thursday -9

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Break even week using VB starting at 8:10 GMT saving a loss of -400+ pips
  • #12,222
  • Nov 16, 2017 5:58pm Nov 16, 2017 5:58pm
Tues, +36 pips
weds, -6 pips
Thurs, -45 pips

I only have 2 pairs selected this week so it was always going to be tough.I will be opening again tmrw (friday)
  • #12,223
  • Nov 16, 2017 6:58pm Nov 16, 2017 6:58pm
UPDATE Beta 11

xm7_Ccfp_Wkly_TradeMonitor_v37.8_beta_11.ex4

Hi folks:
No, the bbsqueeze nor candle color are not on this verion, not yet. But there are some improvements and new inputs on this version that will help with controlling the opening and closing of trades.

- I made some updates that improved Basket control of opening and closing hours. This has taken care of situations where the EA, for whatever reason, opens new trades right after it closed a basket.

-Grouped several inputs that were in the Miscellaneous Section and moved them to Trade Control Section (see image)

- Added Delay x Hours input. This input tells the EA to not trade after it has closed a basket. The Ea waits x hours before starting to trade again. This input is only active when you are using a range hour for opening a basket (HH:mm-HH:mm).

-Added a Allow Hedge input. This is by default set to true. Set it to false if you are dealing with a broker that does not allow hedging.
With this input set false the EA will not allow hedging to take place on the real basket.

You will notice that there are other inputs that may look like they mean the same thing. What is happening is that there are inputs that tell the EA what to do on the
side of the LISTS and on the Real Basket. The reason for this is cause due to the many open hour variations users can have several different type of requirements.

Jess
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Our AWESOME IMAGINATION is the true holy grail!
  • #12,224
  • Nov 16, 2017 7:09pm Nov 16, 2017 7:09pm
For those of you folks using US brokers.

These are the inputs you need to pay attention too:

-(%) Lowest margin allowed for new trades - default is 150%. If the EA detects that you are at this level or lower no more trades are allowed. I recommend you set this to 99% (See below)

-Allow Hedge Trades on Basket - set this to false so no hedges are opened in the real basket.

-As far as FIFO compliance, if the EA detects that your leverage is less than 100 it will automatically close trades in the order that they were opened.

What I do when dealing with Us Brokers is use 100% of margin to open as much trades or as large of lots that I am allowed.
Reasons:
1. You get larger lots or more trades that you can use to gain that profit
2. Most brokers allow you to fall to about 79% margin before closing you out. (Oanda allows -50%). Since my target SLs are never more than 15% (usually alot less) I am safely above the margin requirement. And if for whatever reason my EA does not close me out at -15% then the broker can close me out, IF I cannot stop the profit from falling to -20% (or -50% for Oanda). If course we won't let that happen .

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #12,225
  • Nov 16, 2017 7:43pm Nov 16, 2017 7:43pm
Thank you very much Jess! I am curious how the hedging option works. So if I set "Allow Hedge trades on Basket" and "Allow hedging trades on list" means that it will open opposite trades of the trade suggestions? But in what circumstances will they open?
  • #12,226
  • Nov 16, 2017 8:43pm Nov 16, 2017 8:43pm
Quoting Chau1985
Thank you very much Jess! I am curious how the hedging option works. So if I set "Allow Hedge trades on Basket" and "Allow hedging trades on list" means that it will open opposite trades of the trade suggestions? But in what circumstances will they open?
Read the post. the KEY is that you are setting the allow hedge option for either the Real Basket and/or the List.

One sets the action for the REAL BASKET
the other sets the action for the LIST

To answer your question where you SET BOTH to true all that means is that you will control if the EA opens hedge trades based on what the LISTS show. So all you really need to be concerned with is the ALLOW HEDGING ON LISTS input. You set that to true or false.

the reason I added ALLOW HEDGE ON BASKET was for folks that deal with brokers that DO NOT allow hedging.
So if you are using broker that allows hedging just leave the ALLOW HEDGE ON BASKET=true (default). All you need to be concerned with if you want the EA to detect Opposite (hedge) trades in the LISTS, the EA will automatically do take care or allow them to be traded.

BUT if your broker does not allow hedging just set the ALLOW HEDGE ON BASKET=false. Then it won't matter if you allow hedging on the LISTS the EA will not allow ANY Hedging on a real basket.

J

PS: The conditions of the hedges are created by the indicator and what it detects at the moment. Not by the inputs of the EA. The EA is only filtering those cases where HEDGES are created by the indicator. for example you are using a range of open hours (4-17 GMT) within this hours the indicator is producing different combinations or lists of pairs. Say the EA already opened 12 pairs but then a new list appears and this time there are several pairs that have different operations from the pair that is already opened in the basket? Hence you have a hedge created. Ot you have several LISTS on the chart that have the same symbols with different operations, hence you have hedges which may or may not be traded when the EA detects that it is time to open a REAL basket.
Our AWESOME IMAGINATION is the true holy grail!
  • #12,227
  • Nov 16, 2017 10:20pm Nov 16, 2017 10:20pm
Just like to thank Xmess7 and others, the more this trading platform progresses the more exciting it becomes.On that note I must also apologize for having no meaningful input. Cheers !!!
  • #12,228
  • Nov 17, 2017 6:03am Nov 17, 2017 6:03am
Quoting xmess7
{quote} Read the post. the KEY is that you are setting the allow hedge option for either the Real Basket and/or the List. One sets the action for the REAL BASKET the other sets the action for the LIST To answer your question where you SET BOTH to true all that means is that you will control if the EA opens hedge trades based on what the LISTS show. So all you really need to be concerned with is the ALLOW HEDGING ON LISTS input. You set that to true or false. the reason I added ALLOW HEDGE ON BASKET was for folks that deal with brokers that DO NOT...
Really awesome many thanks Jess. A quick question about hedging. It was previously named "allow opposite trades on list" With this hedging set to true is it good idea to allow hedging from the EA? I mean if the list changes during the day/week and we have it set to true then the EA will basically open buy and sells on the same pair/symbol "hedging" the pair, but from what you've seen is this a good thing to hedge or to allow it? Thanks.
Truth is like poetry. And most people f*cking hate poetry.
  • #12,229
  • Nov 17, 2017 9:04am Nov 17, 2017 9:04am
Quoting mrdfx
{quote} Really awesome many thanks Jess. A quick question about hedging. It was previously named "allow opposite trades on list" With this hedging set to true is it good idea to allow hedging from the EA? I mean if the list changes during the day/week and we have it set to true then the EA will basically open buy and sells on the same pair/symbol "hedging" the pair, but from what you've seen is this a good thing to hedge or to allow it? Thanks.

The reason for the changes is to clarify and keep consistent the naming convention. That is all. I could of left it as AllowOppositeTrade as it was before but I considered that hedging was more appropriate name.

In addition the new input that controls the hedging was made basically to handle the ERROR 149 (no hedging allowed) issue. I could of easily just had it do it automatically and not let you the user know of it, but then I would of been swarmed with questions of why trades didn't show up LOL.

I have no idea if with or without hedging produces better results. The only thing I do know and have tested was the original golden rules (which FP removed, need to talk to him about that). In those rules only one basket was used and there was no hedging involved...

J
Our AWESOME IMAGINATION is the true holy grail!
  • #12,230
  • Nov 17, 2017 10:19am Nov 17, 2017 10:19am
Quoting xmess7
Ok folks Done for the week. Today it took 11hrs. Settiings: W1 T,F level 2 mode:weekly 11gmt Wow one more profitable week and the account doubles. This is the 10th straight profitable week and yes it is live. Started with $2000.. current balance; $3912 Enjoy {image}

Just started following this thread.... Really interesting and have subscribed. I see tons of replies here and noticed some trading weekly signals some trading daily signals etc etc... its a little overwhelming. Xmess could you kindly share what your settings are currently in relation to your post that i have quoted. I would also like to trade "vanilla" as you have quoted. Much appreciated!
  • #12,231
  • Nov 17, 2017 11:42am Nov 17, 2017 11:42am
This week has been a good week overall. On my weekly basket I closed with 800+ pips. I think I could have got more but I didn't want to get greedy and i closed with a good weekly profit.

On minigan's settings it was a different story and none of the baskets got triggered. All 3 days the VB did not hit the 30 pip upper trigger and in fact ran wildly in DD. This was a good week where the VB paid off nicely by saving me from some potential losses this week.
Truth is like poetry. And most people f*cking hate poetry.
  • #12,232
  • Nov 17, 2017 2:10pm Nov 17, 2017 2:10pm
Quoting benjamintoh8
{quote} Just started following this thread.... Really interesting and have subscribed. I see tons of replies here and noticed some trading weekly signals some trading daily signals etc etc... its a little overwhelming. Xmess could you kindly share what your settings are currently in relation to your post that i have quoted. I would also like to trade "vanilla" as you have quoted. Much appreciated!

Hi benjamin,

It's been a while since I traded this approach. I do plan to come back an trade it again. Here is the last post that I posted where it was the 11th week and I had just about doubled a live account using this approach.

https://www.forexfactory.com/showthr...6#post10506296

Please understand that back then the EA was much simpler. I was folllowing the golden rules (which are no longer on the page, will talk to fp about putting them on again). In the post you will see the settings for the ccfp-diff indicator. The EA settings were simple... open hour was 11GMT, was using the weekly option and my exit was 10% and SL was not set. I had a mental stop of 10-15% depending on what I thought was needed. I never used it cause I had a win strick of 11 straight profitable baskets. I would trade on Monday and once it was done, I would trade no more until the following week, only one day.

In essence that is the vanilla version. Use 1 indicator, 1 open hour, 1 basket. set a TP and SL. That's it no more no less. easy simple and profitable.

I plan to come back and trade it again but this time I will use Tuesday as the trading day and start possible after the NY session has died down, at about 17GMT


Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #12,233
  • Nov 17, 2017 4:51pm Nov 17, 2017 4:51pm
CRYPTO & FOREX continuous trading strategy.
I do not know if it is appropriate to put this strategy on this forum but here goes.
I went to youtube to research crypto trading and came across "NEVER LOSE AGAIN" by Trevon James. His indicators are :
Moving Average Exponential 13
Moving Average Exponential 34
What I observed was when the 13 crossed the 34 you placed a trade either BUY / SELL
When that trade either BUY / SELL crossed the 34 you closed that trade for a profit then opened another in the opposite direction.
PROFIT being the operative word.
I use the DB_CCFP_Dff (1) (1) I really like the look of this dashboard .
My question is " Is there a place for this strategy to be added to the dashboard ?
Once again if this suggestion is inappropriate I apologize.
Cheers !!!
  • #12,234
  • Nov 17, 2017 7:48pm Nov 17, 2017 7:48pm
Quoting xmess7
{quote} Hi benjamin, It's been a while since I traded this approach. I do plan to come back an trade it again. Here is the last post that I posted where it was the 11th week and I had just about doubled a live account using this approach. https://www.forexfactory.com/showthr...6#post10506296 Please understand that back then the EA was much simpler. I was folllowing the golden rules (which are no longer on the page, will talk to fp about putting them on again). In the post you will see the settings for the ccfp-diff indicator....
thanks Jess. also what were the other settings such as use bar instead of ma true or fall or use previous or current candle true or false etc etc. I'll try out the vanilla settings you have kindly shared. wpuld be good to include the golden rules or at least a summary again for the benefit of new comers here

You mentioned you don't trade vanilla anymore . may I habe some insight as to what's the plan like currently as i noticed people seem to be trading it daily. what's the reason for having the inclination to return to vanilla
  • #12,235
  • Nov 17, 2017 9:33pm Nov 17, 2017 9:33pm
Quoting benjamintoh8
{quote} thanks Jess. also what were the other settings such as use bar instead of ma true or fall or use previous or current candle true or false etc etc. I'll try out the vanilla settings you have kindly shared. wpuld be good to include the golden rules or at least a summary again for the benefit of new comers here You mentioned you don't trade vanilla anymore . may I habe some insight as to what's the plan like currently as i noticed people seem to be trading it daily. what's the reason for having the inclination to return to vanilla...
No reason in particular, just that it can be done again. The settings for the indicator are stated in the post. The rest are default. I am using original first indicator ccfp-diff v[2] or something like that, don't remember the name.
J
Our AWESOME IMAGINATION is the true holy grail!
  • #12,236
  • Nov 17, 2017 9:54pm Nov 17, 2017 9:54pm
Quoting rammer13
CRYPTO & FOREX continuous trading strategy. I do not know if it is appropriate to put this strategy on this forum but here goes. I went to youtube to research crypto trading and came across "NEVER LOSE AGAIN" by Trevon James. His indicators are : Moving Average Exponential 13 Moving Average Exponential 34 What I observed was when the 13 crossed the 34 you placed a trade either BUY / SELL When that trade either BUY / SELL crossed the 34 you closed that trade for a profit then opened another in the opposite direction. PROFIT being the operative word....
rammer:
So are u suggesting that those MAs be applied to each of the pairs? Remember this is a basket and as such the pairs need to be added to the basket that meet criteria.

"Never Lose Again" you are probable referring to "NEVER LOSE A TRADE AGAIN" by Trevon. The other title is from a baby pips thread that good ol TRO use to run. That was one of the first threads I got involved with LOL....

I've seen the approaches that Mr. Trevon shows. They are no different than 99..9% of what has been seen. In one of his videos he indicated that he tried forex and failed miserably. I know he is doing very well with the Crypto investments but from what I have seen he is not a trader anymore. He is more like a semi-informed investor. He does have technical skills but in general he parks his bitcoins in investments and waits for them to go up in value. The good thing in the crypto world is that a small investment can become large in no time. Right now it is fairly easy to make that kind of money. For example my daughter got in this last weekend at $5500. Bitcoin right now at this moment is $7660. so in a couple of days she got a good profit of about 39%. I too got in back in june and have made some $$ doing nothing. It's all good, but you can't see these people as real traders, well what I mean is if Bitcoin starts to slow down and some of the "scams" or investment companies these folks are in go away, well will these people continue trade successfully? Don't think so, cuase they are not trading they are "investing" . That means they depend on someone else to do the "trading".

BTW guys I am using the alligator indicator to trade into the bitcoin wave. Since we can only buy Bitcoin I wait for price on the Daily TF to go above the alligator MAs and then I go down to the 15 min TF. Same thing on 15 Min TF, I wait for price to go above the alligator lines. I then wait for the first bearish candle. When that happens I place a buy Stop just above the high of that bearish candle. So far it has worked like a charm. As for the major retraces like we had this past weekend I wait for price to go down to the 38-50% fib levels before considering that it will rise again. Like I said my daughter saw this and took a trade right there, I waited till later when price climbed above the alligator lines LOL. No problem, both of us go profit, she just got more..

Peace
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #12,237
  • Nov 17, 2017 9:59pm Nov 17, 2017 9:59pm
OH one more thing. Be careful if you get into the Crypto world. There is TOO MUCH negativity. I thought forex and stocks was bad but there they take it to a new level of negativity. There is even an acronym for it FUD (Fear, Uncertainty, Doubt). This past weekend when bitcoin fell by more than $1500 in value there were so many losers crying and all the so called "leaders", the guys that are considered in the know, where also confused and the famous words were "We'll see what happens. it can go up it can go down... we don't know". IT was a circus LOL. Real traders don't do this, they wait and see what happens.

So be careful, if you do go into that world, keep to your self and dont listen to the negativity. Listen to the market.

Peace
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #12,238
  • Nov 17, 2017 10:34pm Nov 17, 2017 10:34pm
Hi xmess7, thank you for your information regarding trading crypto I will stick to trading forex .Everyone else please disregard post 12,233 Cheers !!!
  • #12,239
  • Nov 17, 2017 10:47pm Nov 17, 2017 10:47pm
Quoting xmess7
{quote} No reason in particular, just that it can be done again. The settings for the indicator are stated in the post. The rest are default. I am using original first indicator ccfp-diff v[2] or something like that, don't remember the name. J
Ah yes, "weekly, T,F," i got it now. I thought u mean weekly timeframe LOL. Will give it a shot this week!
  • #12,240
  • Nov 18, 2017 4:45am Nov 18, 2017 4:45am
week 46 results

i used vb+30 and open 0810 gmt. might need to consult mrdfx how long should i let the vb open.

ok this week is a bit confusing for me as 2 accounts suggested different number of pairs for the same trade level.
LMAX lv 2 = 12 pairs LMAX lv 3 = 6 pairs ( usually i get the same number of pairs with lv 3, but not this time. so i stick with lv 3 as usual for LMAX)
ICMarkets lv 2 = 10 pairs

LMAX results (+83 pips)
tuesday 93 pips
wednesday 140 pips (data not accurate)
thursday 49.6 pips

okay this result is not accurate since on wednesday, i got disconnected and i think it confuses the ea.
the ea open 6 pair. got disconnected. reconnected again. closed the basket and reopen the basket again.

ICMarkets results (-115 pips)
tuesday no trade. didnt hit vb+30
wed -200 pips
thursday 69 pips

as i am new to incorporate vb +30 for the trading style. i am not sure how long should i keep the vb open. if i close the vb on wed before ny session so the basket would not have opened. and also on thursday.
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