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CCFp weekly signals (set and forget basket trading)

  • #13,661
  • Jul 9, 2018 8:42am Jul 9, 2018 8:42am
Quoting mrdfx
+5.5% and done for the week, see you next Monday. {image}
Awesome amd you are only doIng monday too
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #13,662
  • Jul 9, 2018 9:04am Jul 9, 2018 9:04am
basket update
Ccfp made 0.99% today. lol i made the mistake of leaving the Manual_Profit_Lock input on 1%. So basket went u 3% and came down and cl0sed out at 0.99%.

Well at the least that means that the Manual_Profit_Lock works!

The total u see for the week is -4.27%.. that is like that cause as i mentioned before an error created a loss of -5.26% yesterday..

Ok Wednesday here we come...
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Our AWESOME IMAGINATION is the true holy grail!
  • #13,663
  • Jul 9, 2018 9:10am Jul 9, 2018 9:10am
Quoting xmess7
{quote} Awesome amd you are only doIng monday too Jess
Yes only on Monday for now, I'm still not sure about Wednesday basket so I'll keep checking your results.

For now making 5% on a Monday = 20% pm which is perfect for a set, and forget approach.
Truth is like poetry. And most people f*cking hate poetry.
  • #13,664
  • Jul 9, 2018 11:34am Jul 9, 2018 11:34am
Quoting mrdfx
{quote} Yes only on Monday for now, I'm still not sure about Wednesday basket so I'll keep checking your results. For now making 5% on a Monday = 20% pm which is perfect for a set, and forget approach.
Since you have been running this approach live for longer than pretty much on this thread, I wanted to ask you if you have been taking notes as to how often you hit your SL compared to your TP? Would you say it's 3:1 TP's to SL's? better? What do your notes say if you have any? I'm referring to the Monday only strategy 5.5% TP and 10% SL.
  • #13,665
  • Jul 9, 2018 12:23pm Jul 9, 2018 12:23pm
Quoting bojack34
{quote} Since you have been running this approach live for longer than pretty much on this thread, I wanted to ask you if you have been taking notes as to how often you hit your SL compared to your TP? Would you say it's 3:1 TP's to SL's? better? What do your notes say if you have any? I'm referring to the Monday only strategy 5.5% TP and 10% SL.
Yip been running this strategy live since last year, and adapted it as time goes by, and things evolved. I have noticed a big improvement in the success of the basket using grandaevus's CMSM indicator over the standard CCFp indicator. (thanks grandaevus!)

Over the last 6 months the weekly basket has hit SL only 2 times. I did previously use a hard SL of 10%, but have since removed it. If I see the basket heading towards -10% I'll load up a separate recovery EA that will kick in, and recover the floating -10% to BE.

Considering only hitting 2 SL in the last 6 months that's a 80% success rate so far, making this a pretty robust simple set & forget approach to trading.
Truth is like poetry. And most people f*cking hate poetry.
  • #13,666
  • Edited 1:26pm Jul 9, 2018 12:40pm | Edited 1:26pm
Quoting mrdfx
{quote} Yip been running this strategy live since last year, and adapted it as time goes by, and things evolved. I have noticed a big improvement in the success of the basket using grandaevus's CMSM indicator over the standard CCFp indicator. (thanks grandaevus!) Over the last 6 months the weekly basket has hit SL only 2 times. I did previously use a hard SL of 10%, but have since removed it. If I see the basket heading towards -10% I'll load up a separate recovery EA that will kick in, and recover the floating...
Are you referring to a totally separate EA from this strategy or are you starting a second CCFp EA at a different time with different signals? Sorry for all the questions, I am planning on running this strategy as well on my live account. I also have had good success so far forward testing your settings. Thanks mrdfx!

EDIT: Have you by any chance kept any notes as to what your average DD% has been on a week to week basis? This information might allow us to lower the 10% SL, if the strike rate is just as high at, lets say 7% for example.

EDIT: BTW, I have started forward testing Monday Only, 3.5% TP and 7% SL, Level 4 signals. (mrdfx settings) I will keep notes whether or not TP was hit and what the DD% was each week....also how many pairs were traded. This is week #1. I hit my TP of 3.5% and my DD% was around 3.7%. 12 pairs traded total. (I haven't done the exact calculations yet.
  • #13,667
  • Jul 9, 2018 3:10pm Jul 9, 2018 3:10pm
Quoting mrdfx
{quote} I have noticed a big improvement in the success of the basket using grandaevus's CMSM indicator over the standard CCFp indicator. (thanks grandaevus!) Over the last 6 months the weekly basket has hit SL only 2 times. I did previously use a hard SL of 10%, but have since removed it. If I see the basket heading towards -10% I'll load up a separate recovery EA that will kick in, and recover the floating -10% to BE. Considering only hitting 2 SL in the last 6 months that's a 80% success rate so far, making this a pretty robust simple set & forget...
Thanks for sharing your insights ... appreciated!
You say "I have noticed a big improvement in the success of the basket using grandaevus's CMSM indicator over the standard CCFp indicator." ... so in your comparison do you automatically allow the selections to be opened or is it discretionary ... reason I ask as I have read before that you use your own discretion according to your set rules?
Thanks in advance of your response.
When you are successful perhaps give a thought to others ... Kiva dot org
  • #13,668
  • Jul 9, 2018 5:08pm Jul 9, 2018 5:08pm
Quoting mrdfx
+5.5% and done for the week, see you next Monday. {image}
You exited too early for the week at a mere 5.5%.

The trade suggestions were still fresh.

I am still milking the market . Results below
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  • #13,669
  • Jul 9, 2018 5:14pm Jul 9, 2018 5:14pm
Quoting Kamaanya
{quote} You exited too early for the week at a mere 5.5%. The trade suggestions were still fresh. I am still milking the market . Results below {image} {image}
The best way is to trade with manageable lot sizes and leave trades to run and gather more pips. In so doing we shall drain the banks.

I salute you all.
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  • #13,670
  • Jul 9, 2018 5:20pm Jul 9, 2018 5:20pm
Quoting Kamaanya
{quote} You exited too early for the week at a mere 5.5%. The trade suggestions were still fresh. I am still milking the market . Results below {image} {image}
. What risk % are you using to get those size lots? What is your SL%?
  • #13,671
  • Jul 9, 2018 5:36pm Jul 9, 2018 5:36pm
Quoting bojack34
{quote}. What risk % are you using to get those size lots? What is your SL%?
My take profit levels are at the nearest whole number or quarter numbers e.g 000, 250.500, and 750 ,these round numbers are strong support and resistance lines which are normally targeted by investors.

As regards sl, this depends on the distance between my order price and the nearest round number or quarter number.

It's always good to give the trade more room to play if you want to stay in the market longer.
  • #13,672
  • Jul 9, 2018 5:41pm Jul 9, 2018 5:41pm
Quoting Kamaanya
{quote} My take profit levels are at the nearest whole number or quarter numbers e.g 000, 250.500, and 750 ,these round numbers are strong support and resistance lines which are normally targeted by investors. As regards sl, this depends on the distance between my order price and the nearest round number or quarter number. It's always good to give the trade more room to play if you want to stay in the market longer.
Still holding
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  • #13,673
  • Jul 10, 2018 6:34am Jul 10, 2018 6:34am
Quoting bojack34
{quote} Are you referring to a totally separate EA from this strategy or are you starting a second CCFp EA at a different time with different signals? Sorry for all the questions, I am planning on running this strategy as well on my live account. I also have had good success so far forward testing your settings. Thanks mrdfx! EDIT: Have you by any chance kept any notes as to what your average DD% has been on a week to week basis? This information might allow us to lower the 10% SL, if the strike rate is just as high at, lets say 7% for example....
Yes I utilize different EA from this strategy, its purpose is to recover trades in loss, and bring them back to BE.

As for the SL I had initially set a hard stop of 10% as I noticed that sometimes the basket will go into DD, and swing back to TP, so the 10% is to allow enough room for the basket to breathe. When you trading with multiple pairs you need to allow enough room for them to move.

I have not kept notes of DD%, but I have observed that most weeks the DD will float between 2-7% before hitting TP. Its not set in stone though so using a tighter SL% would not be a good idea. I do get what you trying to do and increase the RR ratio, but using a tight SL on a basket of pair would not work out well IMO long term.
Truth is like poetry. And most people f*cking hate poetry.
  • #13,674
  • Jul 10, 2018 6:37am Jul 10, 2018 6:37am
Quoting PayItForward
{quote} Thanks for sharing your insights ... appreciated! You say "I have noticed a big improvement in the success of the basket using grandaevus's CMSM indicator over the standard CCFp indicator." ... so in your comparison do you automatically allow the selections to be opened or is it discretionary ... reason I ask as I have read before that you use your own discretion according to your set rules? Thanks in advance of your response.
Yes I allow all trade suggestions to be opened by the EA via the VB.

There are some parameters in the EA settings which will somewhat filter some trades out.
Truth is like poetry. And most people f*cking hate poetry.
  • #13,675
  • Jul 10, 2018 6:44am Jul 10, 2018 6:44am
Quoting Kamaanya
{quote} You exited too early for the week at a mere 5.5%. The trade suggestions were still fresh. I am still milking the market . Results below {image} {image}
A mere 5.5%? Well that's a matter of personal opinion, and dependent on how you trade.

I have a trade plan, and set of rules, and targets which I stick to. I stick to my plan, and my account survives and grows steadily. I don't aim to catch 1000's of pips as its not necessary to succeed in this game, setting targets an sticking to your plan will.

Lets use this example, I set a "mere" 5.5% weekly target, that's over 20% pm with hardly any effort, a mere +20% growth for doing almost nothing.

Over and above this, and used together with my other strategies I trade, and my account grows nicely, and steadily each month.

Happy you made lots of pips, keep it up.
Truth is like poetry. And most people f*cking hate poetry.
  • #13,676
  • Jul 10, 2018 7:40am Jul 10, 2018 7:40am
Quoting mrdfx
{quote} Yes I allow all trade suggestions to be opened by the EA via the VB. There are some parameters in the EA settings which will somewhat filter some trades out.
Oh, I wasn’t aware that you used the Vb in your trading strategy. I thought you just set the indi to level 4 and start it on Monday at your set time and shot for 5.5%. If you wouldn’t mind sharing your strategy that would be very helpful, but if you don’t want to , I totally understand.
  • #13,677
  • Jul 10, 2018 8:14am Jul 10, 2018 8:14am
Quoting bojack34
{quote} Oh, I wasn’t aware that you used the Vb in your trading strategy. I thought you just set the indi to level 4 and start it on Monday at your set time and shot for 5.5%. If you wouldn’t mind sharing your strategy that would be very helpful, but if you don’t want to , I totally understand.
Here is the set file of how I use the EA. You will need to adjust the lot size, and put a SL % if you want to.

As for the CMSM indicator settings, its pretty self explanatory as can be seen on post #13660.

As for the VB, yes I was not using it before, but I've found that it helps as an additional "safety net" should the basket open, and go straight into loss.

Hope this helps, good luck!
Attached File(s)
File Type: zip NEW WEEKLY SET.set.zip   2 KB | 672 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #13,678
  • Jul 10, 2018 8:56am Jul 10, 2018 8:56am
Quoting mrdfx
{quote} Here is the set file of how I use the EA. You will need to adjust the lot size, and put a SL % if you want to. As for the CMSM indicator settings, its pretty self explanatory as can be seen on post #13660. As for the VB, yes I was not using it before, but I've found that it helps as an additional "safety net" should the basket open, and go straight into loss. Hope this helps, good luck! {file}
TY mrdfx!
  • #13,679
  • Jul 10, 2018 9:33am Jul 10, 2018 9:33am
Quoting Kamaanya
{quote} You exited too early for the week at a mere 5.5%. The trade suggestions were still fresh. I am still milking the market . Results below {image} {image}

Kamaanya:
Please keep us informed. One particular setting that comes to mind is the manual profit lock. We can tell the EA to lock profit at BE or whatever value after the basket has reached x profit. This could be used to let the basket run risk free similar to what you are doing.

Jes
Our AWESOME IMAGINATION is the true holy grail!
  • #13,680
  • Jul 10, 2018 9:35am Jul 10, 2018 9:35am
Quoting mrdfx
{quote} Here is the set file of how I use the EA. ....... Hope this helps, good luck! {file}
No wonder you want me tto fix the vb thing on v41 lol

As for me i am happy with the risk i have using yer normal basket preset... awesome find
Our AWESOME IMAGINATION is the true holy grail!
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