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CCFp weekly signals (set and forget basket trading)

  • #1,761
  • Mar 24, 2017 6:40am Mar 24, 2017 6:40am
Hi All
and thanks to Forexpinbar, xmess 7, smooth trader, and others for their contributions,
i have had two weeks of trading this and have hit 500 pips on both weeks using the settings 300 pip stop and 500 TP, i will attemp it live next week, the first weeks winner was opened on a Monday, why, because there was some action expected that day, this week i opened it on the Tuesday as Monday looked very inactive for me at least, i only trade the daily candle and the new ones open at 06:00 here in Cape Town in the morning, also to add i study each daily candle before the basket opens to see how viable it looks for the day, only takes ten minutes, this gives me confidence in the basket, otherwise i will leave it till the following morning, i have attached a picture of my daily candle and its amazing how close the EA is to this, normaly Monday is not a good day to trade the daily candle because of the Sunday candle, wishing all of you all the best and i will update next week
Attached Image (click to enlarge)
Click to Enlarge Name: OANDA - MetaTrader daily candle.png Size: 116 KB
  • #1,762
  • Mar 24, 2017 6:44am Mar 24, 2017 6:44am
Quoting ajs5274
Thinking outside the box. As we are looking into how the signals are generated from the indicator i.e. Current = true or false, Bar instead of ma= true or false. I also think we should look at what the resulting signals generated are. At the end of the day this is a currency strength meter that produces various signals depending on its parameters selected. Looking at past signals, the actual pairs signal it says to trade is not in the order of strongest pairs first (top of the list). The screenshot shows: My choice of signals comparing the histogram...
ajs5274,

Great insight and observation! Thank you for this suggestion. One that we all should definitely look at more closely regarding the Histogram numbering and the selected pair along with the weekly results. This could be a good filtering for the trading pairs.

Bruce
  • #1,763
  • Mar 24, 2017 7:51am Mar 24, 2017 7:51am
Well why not just leave it to the EA Guys. All the trades still open were taken at 9am GMT on Monday. The only thing I did was to disable the TP and SL initially to allow the trades some time to breath a bit. If I hadn't done that the whole basket would have closed out on Tuesday or Wednesday long before it hit -593.6 pips?????

Also so far the lowest trade in the basket is on 58.5 pips. Which in the past would have been a weeks trading sometimes in choppy markets

Once again my congratulations to Forexpinbar and everyone else involved in this marvelous piece of 'art'

Just my last remaining brain cells view on the subject

https://www.mql5.com/en/charts/67894...urities-london
'Life' only really begins just over the edge of our comfort zones
  • #1,764
  • Edited 8:54am Mar 24, 2017 7:59am | Edited 8:54am
Quoting ajs5274
Thinking outside the box. As we are looking into how the signals are generated from the indicator i.e. Current = true or false, Bar instead of ma= true or false. I also think we should look at what the resulting signals generated are. At the end of the day this is a currency strength meter that produces various signals depending on its parameters selected. Looking at past signals, the actual pairs signal it says to trade is not in the order of strongest pairs first (top of the list). The screenshot shows: My choice of signals comparing the histogram...
Good thinking ajs5274

I have similar thoughts in this direction..This is what I have been brainstorming..That each week before we open Xmess EA to trade the baskets , we look at the pairs suggested for the week and look at the histogram..Then we look at the currency with the highest value in the histogram and the one with lowest value in histogram.In this case , we will have 2 currencies only..Highest histogram value currency(green histogram) and lowest histogram value(red histogram)..Let me illustrate this with this week's signals.In the screenshot , USD has the lowest histogram(red) value=9 and JPY has the highest histogram(green) value=9. So we set up CCFp-Diff indicator to display all USD pairs and all JPY pairs suggested for the week by the CCFp-Diff indicator by using the "Label3===Trade Settings===" then we fire up Xmess EA to trade all USD suggested pairs and all JPY suggested..So based on this example we set up the CCF-Diff indicator to show only JPY Pairs(USDJPY , GBPJPY,CADJPY,NZDJPY) and USD pairs(EURUSD , USDCHF,AUDUSD).I am suggesting this because I assume that the histogram values(in the above example USD=9 and JPY=9) do not change during the course of the week...But if you think otherwise that the histogram values change during the course of the week please dont hesitate to correct me.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 136 KB
Goal of a successful trader is to make the best trades. Money is secondary
  • #1,765
  • Edited 8:40am Mar 24, 2017 8:21am | Edited 8:40am
If for example , we had traded with the above histogram filtering criteria , this would have possibly been the current basket profit.
JPY pairs
USDJPY =138.45
NZDJPY=120.28
CADJPY =108.23
GBPJPY=79.07
TOTAL= $+446 = 503pips

USD pairs
EURUSD =52.50
USDCHF=47.48
AUDUSD=-100.40
TOTAL= $-0.42 = -1.9pips

NET TOTAL = $445.58 = 504pips

The above basket has 6wins and 1 loss for the individual trades out of 7 trades in the basket which is quite impressive.Using the histogram filter mentioned above , the current net profit of basket would have been $445.58( 504pips) instead of $154.62(146pips) which is the current profit of basket but histogram filter was not used..I hope I am making sense on this one.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 141 KB
Click to Enlarge Name: Screenshot2.png Size: 127 KB
Goal of a successful trader is to make the best trades. Money is secondary
  • #1,766
  • Mar 24, 2017 8:32am Mar 24, 2017 8:32am
Quoting Forexpinbar
If for example , we had traded with the above histogram filtering criteria , this would have possibly been the current basket profit. JPY pairs USDJPY =138.45 NZDJPY=120.28 CADJPY =108.23 GBPJPY=79.07 TOTAL= +446 USD pairs EURUSD =52.50 USDCHF=47.48 AUDUSD=-100.40 TOTAL= -0.42 NET TOTAL = $445.58 Using the histogram filter mentioned above , the current net profit of basket would have been $445.58 instead of $154.62 which is the current profit of basket but histogram filter was not used..I hope I am making sense on this one. {image}
Very good strategy, but in order to trade only the max/min strength currencies ( in the above example strength 9), if we select "Trade level 9" from indicator it will automatically give signals only for +/-9 strength currencies.

It's easier than selecting manually only USD or JPY pairs, is this what you are referring to?

And in case min is 9 and max 8 lets say, we set Trade level 8, so the signals will be for pairs with strength minimum 8 ( red or green)

Cheers!
  • #1,767
  • Mar 24, 2017 8:36am Mar 24, 2017 8:36am
Hi everybody . as i see , there is a lot of ways to trade the EA !!!
For myself , as i said earlier in the week , i am trading with 200 TP and 300 SL .... because of a problem with my v18.1 version logg to file feature , i am not able to show the graphs .
Before somebody says something about my MM with 300 sl and 200 tp , i know it is not that efficient in normal trading , but with this basket trading EA,it apear to be good until now ...
So this week i made 900 pips , so monday , tuesday , wednesday and thursday tp 200 was reached without going less then -248 ... and friday ( 100) pips was my tp for today because of friday trading and it was reached early this morning.
my settings was 9GMT open and 300 Sl and 200 tp
I use the v18.1 version
CCFP 10080 false false
Still working on my english ... so if i am not clear enough , pm me !!!LOL
Have a great week-end all""""""
Alex
EDIT: i am working on the MM to put the tp at 300 but to work on trailng and profit lock set up ...
  • #1,768
  • Mar 24, 2017 8:50am Mar 24, 2017 8:50am
Quoting Kezz23
{quote} Very good strategy, but in order to trade only the max/min strength currencies ( in the above example strength 9), if we select "Trade level 9" from indicator it will automatically give signals only for +/-9 strength currencies. It's easier than selecting manually only USD or JPY pairs, is this what you are referring to? And in case min is 9 and max 8 lets say, we set Trade level 8, so the signals will be for pairs with strength minimum 8 ( red or green) Cheers!
You dont have to set the Trade level=9 .You just need to open the indicator and select all the JPY pairs and USD pairs that the indicator has suggested for the week bu selecting True of False as seen in the screenshot.This is how you select the pairs you want the CCFp-diff indicator to display on the chart and click OK after selecting the pairs you want to trade and the displayed pairs will be the pairs that Xmess EA will trade.I hope you are clear now.
Attached Image (click to enlarge)
Click to Enlarge Name: PairsSelectionCCFp.png Size: 38 KB
Goal of a successful trader is to make the best trades. Money is secondary
  • #1,769
  • Mar 24, 2017 8:56am Mar 24, 2017 8:56am
Quoting agagukalex
Hi everybody . as i see , there is a lot of ways to trade the EA !!! For myself , as i said earlier in the week , i am trading with 200 TP and 300 SL .... because of a problem with my v18.1 version logg to file feature , i am not able to show the graphs . Before somebody says something about my MM with 300 sl and 200 tp , i know it is not that efficient in normal trading , but with this basket trading EA,it apear to be good until now ... So this week i made 900 pips , so monday , tuesday , wednesday and thursday tp 200 was reached without going...
Salut agagukalex,

Question for you on your twist on the strategy...I know it is still early but could you give me an idea of how many pairs the CCFP 10080 is throwing up for you each morning? I am running on a 50:1 broker like you and would only safely/comfortably be able to run about 10 pairs due to margin so I was thinking about using a strategy like has been suggested over the last 24 hours about being selective about what pairs to trade.

Just so I am clear...you re-run CCFP 10080 every morning and just trade the pairs that show up, correct?

Merci in advance for your replies!

P.S. Massive thank you to all who have been driving this thread. I read the whole thing yesterday and am going to set up a demo on Monday!! Awesome treead!!!
  • #1,770
  • Mar 24, 2017 9:00am Mar 24, 2017 9:00am
Quoting monaghan
Hi All and thanks to Forexpinbar, xmess 7, smooth trader, and others for their contributions, i have had two weeks of trading this and have hit 500 pips on both weeks using the settings 300 pip stop and 500 TP, i will attemp it live next week, the first weeks winner was opened on a Monday, why, because there was some action expected that day, this week i opened it on the Tuesday as Monday looked very inactive for me at least, i only trade the daily candle and the new ones open at 06:00 here in Cape Town in the morning, also to add i study each daily...
1000pips in two weeks is nice profit..Keep testing your variation and share results with us..I suppose we are here to learn from each other..That is the nature of trading.We can never stop learning lol.
Goal of a successful trader is to make the best trades. Money is secondary
  • #1,771
  • Mar 24, 2017 9:03am Mar 24, 2017 9:03am
Quoting seekpips
{quote} Salut agagukalex, Question for you on your twist on the strategy...I know it is still early but could you give me an idea of how many pairs the CCFP 10080 is throwing up for you each morning? I am running on a 50:1 broker like you and would only safely/comfortably be able to run about 10 pairs due to margin so I was thinking about using a strategy like has been suggested over the last 24 hours about being selective about what pairs to trade. Just so I am clear...you re-run CCFP 10080 every morning and just trade the pairs that show up, correct?...
Have indicator set to 10080 or 1440 have current = true...it will generate signals....for ea to trade. Set in ea max number of pairs you want to trade.
  • #1,772
  • Mar 24, 2017 9:07am Mar 24, 2017 9:07am
Dear All,

I know I am new and maybe I am missing something but I am confused. If we are comparing currency strengths manually or leaving it to the EA, how can we establish a best practice/standard etc when we are getting different signals to compare.

My strengths for the week with 'Use Bar Instead' = False
Attached Image

My strengths for the week with 'Use Bar Instead' = True
Attached Image

NetGold777's currency table (completely different to both of the above)
Attached Image

If I am breaking any rules or etiquette please let me know :-)
  • #1,773
  • Mar 24, 2017 9:11am Mar 24, 2017 9:11am
Quoting seekpips
{quote} Salut agagukalex, Question for you on your twist on the strategy...I know it is still early but could you give me an idea of how many pairs the CCFP 10080 is throwing up for you each morning? I am running on a 50:1 broker like you and would only safely/comfortably be able to run about 10 pairs due to margin so I was thinking about using a strategy like has been suggested over the last 24 hours about being selective about what pairs to trade. Just so I am clear...you re-run CCFP 10080 every morning and just trade the pairs that show up, correct?...
Hi , i have the same leverage issu , but the ccfp is trading the same signals all week and with 1:50 at 0.01 for 16 pairs you need at least 1000$ CA to insure the used marge .. hope it helps !!
if not PM me !!!
Alex
  • #1,774
  • Mar 24, 2017 9:32am Mar 24, 2017 9:32am
Quoting Marto24
Dear All, I know I am new and maybe I am missing something but I am confused. If we are comparing currency strengths manually or leaving it to the EA, how can we establish a best practice/standard etc when we are getting different signals to compare. My strengths for the week with 'Use Bar Instead' = False {image} My strengths for the week with 'Use Bar Instead' = True {image} NetGold777's currency table (completely different to both of the above) {image} If I am breaking any rules or etiquette please let me know :-)
Some of us are starting to monitor currency strengths going forward. Leave the trading to the ea and in time hopefully we will have a better picture of the way to trade the signals. We are trying to find the most reliable settings at present. Forexpinbar has started to run multiple weekly tests which we will have the info for...
  • #1,775
  • Mar 24, 2017 10:12am Mar 24, 2017 10:12am
Quoting ajs5274
{quote} Some of us are starting to monitor currency strengths going forward. Leave the trading to the ea and in time hopefully we will have a better picture of the way to trade the signals. We are trying to find the most reliable settings at present. Forexpinbar has started to run multiple weekly tests which we will have the info for...
Thanks ajs5274. I will watch and learn :-)
  • #1,776
  • Mar 24, 2017 11:12am Mar 24, 2017 11:12am
Quoting ajs5274
Thinking outside the box. As we are looking into how the signals are generated from the indicator i.e. Current = true or false, Bar instead of ma= true or false. I also think we should look at what the resulting signals generated are. At the end of the day this is a currency strength meter that produces various signals depending on its parameters selected. Looking at past signals, the actual pairs signal it says to trade is not in the order of strongest pairs first (top of the list). The screenshot shows: My choice of signals comparing the histogram...
It is great that you're thinking of other pair selection methods (PSM) associated with CCFp. I'm already on #10 (PSM10) of various methods I'm trying out to see if they work. If your pair selection methods you're thinking start deviating too much away from the CCFp, you're welcome to post your findings on my journal. They do say "two heads are better than one."
  • #1,777
  • Mar 24, 2017 11:24am Mar 24, 2017 11:24am
Quoting agagukalex
Hi everybody . as i see , there is a lot of ways to trade the EA !!! For myself , as i said earlier in the week , i am trading with 200 TP and 300 SL .... because of a problem with my v18.1 version logg to file feature , i am not able to show the graphs . Before somebody says something about my MM with 300 sl and 200 tp , i know it is not that efficient in normal trading , but with this basket trading EA,it apear to be good until now ... So this week i made 900 pips , so monday , tuesday , wednesday and thursday tp 200 was reached without going...

Hi Agagukalex,
Impressive strategy. Small doubt, if you are using CCFP 10080 false false, then you will get same signals for every day for the whole week. So do you trade the same signals every day with 300sl and 200tp....
The consistency you seek is in your mind, not in the markets.
  • #1,778
  • Mar 24, 2017 11:47am Mar 24, 2017 11:47am
Quoting Marto24
Dear All, I know I am new and maybe I am missing something but I am confused. If we are comparing currency strengths manually or leaving it to the EA, how can we establish a best practice/standard etc when we are getting different signals to compare. My strengths for the week with 'Use Bar Instead' = False {image} My strengths for the week with 'Use Bar Instead' = True {image} NetGold777's currency table (completely different to both of the above) {image} If I am breaking any rules or etiquette please let me know :-)
Do not be confused Marto
This strategy is still under development though it looks profitable long term so just go with the flow and you will be ok lol..
Goal of a successful trader is to make the best trades. Money is secondary
  • #1,779
  • Mar 24, 2017 2:32pm Mar 24, 2017 2:32pm
Quoting ksraja00
{quote} Hi Agagukalex, Impressive strategy. Small doubt, if you are using CCFP 10080 false false, then you will get same signals for every day for the whole week. So do you trade the same signals every day with 300sl and 200tp....
Hi , yes , i am trading the same signals everydays... and after some discussions with others , i remember that last week that 200 been reached many times and i didn't took them so i will test the next weeks on that same setting and also another one on trading level 5 or 7 on CCFP.... i don't know if this this is use in english but ''if you try nothing , you get nothing !!''
starting from there i will see how it goes !!!
Alex
Attached Image
  • #1,780
  • Mar 24, 2017 3:39pm Mar 24, 2017 3:39pm
Quoting monaghan
Hi All and thanks to Forexpinbar, xmess 7, smooth trader, and others for their contributions, i have had two weeks of trading this and have hit 500 pips on both weeks using the settings 300 pip stop and 500 TP, i will attemp it live next week, the first weeks winner was opened on a Monday, why, because there was some action expected that day, this week i opened it on the Tuesday as Monday looked very inactive for me at least, i only trade the daily candle and the new ones open at 06:00 here in Cape Town in the morning, also to add i study each daily...
monaghan:
Could you please elaborate on what you study of the day candle to determine that it is better to trade the basket on that day or the next.
If you want please PM me with your answer. This interests me cause in my other EAs I also look at trade activity and make determinations of the "proper" hours to start trading based on trade activity. Plus this could be something that can be implemented as an option to the EA.

BTW folks V33 is just about done. I will highly RECOMMEND that you all upgrade to it for next week. This EA has MANY bugs fixed and it can now determine DST for US and EURO and make the appropriate changes for when your broker closes during these times.

This week, depending on what version you have, the EA should of closed the baskets 20 minutes before the market close. Some of you had to reset the EA,but that should of happened with no problems. EA v33 will handle that with no problems, plus it WILL sync your broker and local time to the GMT time. So no more incorrect differences.

For those of you using v8.1-18.3 I'll update it with the log feature but that it's it. Just be aware. That version does have GMT time sync issues that can affect it's ability to determine what GMT time is and thus affect the opening and closing of the basket.

Stay tuned... the v33 update will be available this weekend.
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