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CCFp weekly signals (set and forget basket trading)

  • #7,521
  • Jun 27, 2017 6:10pm Jun 27, 2017 6:10pm
All I can say is that there are some "high performing" PIP strategies here ... congratulations to all.
I know there is always the debate which is more important PIPS or $, everyone knows that if you get a successful PIP strategy then it is simple to increase the dollars.
And with any successful $ strategy always break it back down to PIPS and compare the baseline, that's what I do anyway but each to their own.

If only there was a pool of funds to trade all these strategies live we could all live the life we deserve ...
When you are successful perhaps give a thought to others ... Kiva dot org
  • #7,522
  • Jun 27, 2017 7:40pm Jun 27, 2017 7:40pm
Quoting Murysco
{quote} Like this! {image} Always done for the week in first to second hour of LO on every tuesdays since 3weeks now. {image} Cheers. MM
That result and your history are very, very impressive. I see now you have added historical data ... really impressive. Green with envy so to speak.
I see Candles, HAS and MA and several pins being used and am interested to know how CCFp fits in with this, is CCFp on one or more of the pins.
If you could explain your strategy in full it would be appreciated, I assume, by everyone here who shares.
Thankyou
When you are successful perhaps give a thought to others ... Kiva dot org
  • #7,523
  • Jun 27, 2017 7:51pm Jun 27, 2017 7:51pm
Attached Image (click to enlarge)
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Time: 11 M
Max DD: -111 pips

mrdfx weekly update:
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evandrorp14 weekly update:
*For reasons I don't know 6 of Tuesday baskets didn't open
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It must come from a need!
  • #7,524
  • Jun 27, 2017 7:55pm Jun 27, 2017 7:55pm
PayItForward setup Tokyo open - SL hit -600 pips
Attached Image (click to enlarge)
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It must come from a need!
  • #7,525
  • Jun 27, 2017 8:02pm Jun 27, 2017 8:02pm
Quoting xmess7
J
Pls Quick quest Mr Jess... or two...
MAX Trades allowed
Say that in a Multi Basket many trades will be opened maybe using a VB too,
even if i choose the option to not duplicate the pairs
if i select the option "Max Trades" to let's say 10 pairs only
how the Ea will know which pairs to choose ? and Based on ...
I shall not think that is random ? Highest Pips maybe?

Manual Profit Lock (pips or%)
We already got the Lock /trailing and SL...
and I didn't see the purpose to use it. tho i am intrigued by it_
Could you pls remind me if that "Manual profit lock" option
should be used only if for ex; I am about to reach the TP
and i would like to extend it, then i open the EA and input the value i want ?
Not sure if that makes sense... If not then i don't know what's that for ?
Thank you
Attached Image (click to enlarge)
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The arriving better than the arrival, the journey has just started
  • #7,526
  • Jun 27, 2017 8:11pm Jun 27, 2017 8:11pm
Quoting maadz
PayItForward setup Tokyo open - SL hit -600 pips {image}
That may be because the SL you used is not the one used in the strategy - 600 pips for 56 trades is by no means enough = 10.7 pips per trade.
I would say it was doomed from the opening, hope it was not live
When you are successful perhaps give a thought to others ... Kiva dot org
  • #7,527
  • Jun 27, 2017 8:14pm Jun 27, 2017 8:14pm
Quoting PayItForward
All I can say is that there are some "high performing" PIP strategies here ... congratulations to all. I know there is always the debate which is more important PIPS or $, everyone knows that if you get a successful PIP strategy then it is simple to increase the dollars. And with any successful $ strategy always break it back down to PIPS and compare the baseline, that's what I do anyway but each to their own. If only there was a pool of funds to trade all these strategies live we could all live the life we deserve ...
I suspect a lot of these high pip reports are not so strongly connected to the real world. It's $ that makes a trader successful.

Most traders know there is a big difference between demo and live. One can pick up a lot of bad habits on demo.

Trading a demo account far larger than one's expected live account can lead one astray. IMO, demo accounts should be set to approximately the same $ amount as one's expected live account. That at least keeps a trader from ignoring the reality of margin limits which strongly affects trading setups.
  • #7,528
  • Jun 27, 2017 8:23pm Jun 27, 2017 8:23pm
Quoting PayItForward
{quote} That may be because the SL you used is not the one used in the strategy - 600 pips for 56 trades is by no means enough = 10.7 pips per trade. I would say it was doomed from the opening, hope it was not live
You are right even It worked last London open with 38 trades
So what is the suggested SL per trade?
It was demo
It must come from a need!
  • #7,529
  • Jun 27, 2017 8:32pm Jun 27, 2017 8:32pm
Quoting maadz
{quote} You are right even It worked last London open with 38 trades So what is the suggested SL per trade? It was demo
At some point in everyone's explanations to save wasting time over and over again, people have to draw the line in the sand ... I have explained my strategy many, many times and it remains unchanged so with all due respect to you ... it is in this thread
When you are successful perhaps give a thought to others ... Kiva dot org
  • #7,530
  • Jun 27, 2017 8:51pm Jun 27, 2017 8:51pm
Quoting PayItForward
{quote} At some point in everyone's explanations to save wasting time over and over again, people have to draw the line in the sand ... I have explained my strategy many, many times and it remains unchanged so with all due respect to you ... it is in this thread
Attached Image


That's OK, thank you
It must come from a need!
  • #7,531
  • Jun 27, 2017 9:19pm Jun 27, 2017 9:19pm
Quoting jenbols
{quote} Pls Quick quest Mr Jess... or two... MAX Trades allowed Say that in a Multi Basket many trades will be opened maybe using a VB too, even if i choose the option to not duplicate the pairs if i select the option "Max Trades" to let's say 10 pairs only how the Ea will know which pairs to choose ? and Based on ... I shall not think that is random ? Highest Pips maybe? Manual Profit Lock (pips or%) We already got the Lock /trailing and SL... and I didn't see the purpose to use it. tho i am intrigued by it_ Could you pls remind me if that "Manual...
Mr Jens...

The MaxTradesAllowed was originally intended to help folks that had a limited margin to work with. So, since now we have that other input, Margin Percent, I don't think this is needed anymore. The Margin Percent does a much better job at determining the lowest you will allow your margin to go so that the EA can trade as many possible trades.

The Manual Lock is useful in that you can set one Lock that will not be moved or changed as the basket(s) are moving around with profits.
I should actually call it a static lock, but the term manual is more appropriate since it will be up to the user to determine if they ever want to just set a static lock.
This input overrides the stepLock.

For example, since I am at 130% profit since I started I can now afford to take a real swipe at something that is more than the 7-10%.
One week, I may see something or feel adventurous, such that when the basket is up say 8%, I set TP=0 and I set a Manual Lock at say 1.5%. Now I just let it ride, either I get 1.5% or Whatever the market provides by the end of the week, which could be 30-50%. Actually, you know it can also be done automatically. I just need to set the StartProfitLock=8%, TP=0, and and set the ManualLock to 1.5%. Hmmm maybe I should rename it to static Lock.

BTW for all that use the Lock feature, all you need to do is have a value in TP, the EA will recognize that the TP is active. If you don't want the TP to be active just set it to 0.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,532
  • Jun 27, 2017 9:35pm Jun 27, 2017 9:35pm
OK since we are on the Manual Lock and MaxTradesAllowed. You'll notice I mentioned MarginPercent (I forget the name of the input).

Since in the range mode the EA will continually open trades, there has to be a limit established, otherwise as long as it is within the range hours and the list keeps creating new trades, the EA will continue to open trades. This can be especially true for multiple baskets. This is where the MarginPercent comes into play.

Now it is unlikely that we will see this happen, but just for in case the MarginPercent input has be added. This input represents the lowest margin percent that will be allowed before the EA stops trading. I believe, it is set at 150% I think. Anyway. What this number represents is how much margin is left over as compared to the Equity. Example. Say you have $1000 Equity, in order to get down to 150% margin the EA would need to open trades such that the trades use up as $660 of margin, roughly. If you don't feel comfortable with this number then just increase the margin %. That will limit what the EA can open as margin.

To calculate margin used this is the equation:
Equity/Margin% = Margin to be used.

So lets go to an extreme. IF you are planning to allow the EA to use up 100% of your margin then then your margin that ill be used is $1000.
$1000/100% = $1000 of margin to use. Now you may say, that this is not advisable but I use this to open baskets on US brokers with 50:1 leverages.
For example Oanda's rule for a margin call is that if your margin falls to 50% of your available equity your account gets a margin call. Since I am risking no more than 10% I can use 100% of the margin to get bigger lotsizes which will allow my account to gain just about the same % win or loss as the offshore broker.
So at most I will not allow fall below -10%. Since a margin call is at -50% I am still very much ok. Like I said this allows me to have much bigger lotsizes on the baskets which in turn allow for the percentages to nearly match the offshore broker. BTW got a solid 7.8% on Oanda this week too. ;P.

Anyhow any questions on this, PM me
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #7,533
  • Jun 27, 2017 10:38pm Jun 27, 2017 10:38pm
Quoting xmess7
{quote} Hi benz: I dont see the point of stopping the EA when there is alosing basket. The EA irregardless will not trade till the next Day/Week that u designate in the inputs... do i wsnt the EA to trade continously ?? Is that it? As for yer second part, you can already set up many baskets with different settings, just open new charts and open EAs with different magic numbers..
Hi xmess7,

Thanks for your reply.

What I'm actually using three baskets with combined profit or stop loss in daily mode. When profit gets, I reset the ea and activate it with vb. It gives me good result. So I think continuous trading with vb may be useful.

Quote
As for yer second part, you can already set up many baskets with different settings, just open new charts and open EAs with different magic numbers..

Now, I'm using three baskets (TF,FF,FT) all with vb 30. The last basket is the master basket.

I want to add another 3 baskets with reversal and vb 30 and these three baskets must be treated as another one big basket.

So, Totally I will have six ea's in my account having 2 master baskets.

Benz
  • #7,534
  • Jun 27, 2017 10:45pm Jun 27, 2017 10:45pm
SO what you want bendz - the system to close all trades in profit, reset the EA with the VB at 30, and open all trades when it hits that VB target with the latest GMT? I was using a similar technique manually for a few days while I had the time. It had merit, and I guess you could potentially have this thing running fulltime, just resetting itself and opening new baskets when Vbs are hit.

The more xmess improves the vb functions,a nd potentially locks profit on individual trades, only opens individual trades in profit within a vb etc etc, this might be an amazing robotic approach to trade - continually evolving.

Your costs increase with a higher number of trade commissions, but potentially your backing winners.

A news function - to help stop it trading during red news etc would potentially help safeguard it more.
  • #7,535
  • Jun 27, 2017 10:54pm Jun 27, 2017 10:54pm
Quoting Bendz
{quote} Hi xmess7, Thanks for your reply. What I'm actually using three baskets with combined profit or stop loss in daily mode. When profit gets, I reset the ea and activate it with vb. It gives me good result. So I think continuous trading with vb may be useful. {quote} Now, I'm using three baskets (TF,FF,FT) all with vb 30. The last basket is the master basket. I want to add another 3 baskets with reversal and vb 30 and these three baskets must be treated as another one big basket. So, Totally I will have six ea's in my account having 2 master...
So let me understand this

You want the EA to continually setup a vBasket for each basket, after the close the first group of baskets. Then have the EA just continue doing that, correct?
Then somehow you want on the next 6 baskets 3 to be reversals? Correct?

So the process would be like this, according to what you are explaining
1. Setup 3 vBs.
2. vBs trigger baskets.
3. Every time a basket closes, EA setups another Vb
4. As the EA triggers real baskets, every other basket or next 3 or last 3 will in reverse
5. Total will be 9 baskets from start to finish, but the last 6 will be monitored until they close
6. EA repeats and setups a vB that will open 3 new baskets(just like 1).
7. repeat from item 2.

Right?? LOL
Our AWESOME IMAGINATION is the true holy grail!
  • #7,536
  • Jun 28, 2017 12:10am Jun 28, 2017 12:10am
Quoting Jared77
SO what you want bendz - the system to close all trades in profit, reset the EA with the VB at 30, and open all trades when it hits that VB target with the latest GMT? I was using a similar technique manually for a few days while I had the time. It had merit, and I guess you could potentially have this thing running fulltime, just resetting itself and opening new baskets when Vbs are hit. The more xmess improves the vb functions,a nd potentially locks profit on individual trades, only opens individual trades in profit within a vb etc etc, this might...
Hi Jared77,

yes. It's working nicely. Now, I've combined all 3 baskets as 1 basket and close all at once. Normally 2 baskets with trades and 1 without trades or a loss because of vb.

Benz
  • #7,537
  • Jun 28, 2017 12:11am Jun 28, 2017 12:11am
Quoting xmess7
{quote} So let me understand this You want the EA to continually setup a vBasket for each basket, after the close the first group of baskets. Then have the EA just continue doing that, correct? Then somehow you want on the next 6 baskets 3 to be reversals? Correct? So the process would be like this, according to what you are explaining 1. Setup 3 vBs. 2. vBs trigger baskets. 3. Every time a basket closes, EA setups another Vb 4. As the EA triggers real baskets, every other basket or next 3 or last 3 will in reverse 5. Total will be 9 baskets from...
Hi xmess7,

Don't change anything. Today I'll send the screeshots of 3 baskets and closing and reopening of what i'm doing now.

Thanks for your reply.

Benz
  • #7,538
  • Jun 28, 2017 12:47am Jun 28, 2017 12:47am
Quoting tillionaire
{quote} Wonderful results man, congrats to you and more success!! Can you please share the settings with me and rest including the EA and CCFp Thanks
Hi tillionaire,

It's already posted at https://www.forexfactory.com/showthr...2#post10013142

The Ea and ccfp in first post. please check it.

Benz
  • #7,539
  • Jun 28, 2017 12:47am Jun 28, 2017 12:47am
hey Bendz, maybe Xmess could actually time the resets also so if your basket is simply never going to change direction and head into VB positive territory and actually open any trades for a long period - simply hanging in limbo...maybe lets say you opened it on the Asian time market - it could reset and open at the London open time (we could enter reset time manually say 3-4 times per day) , if vb is not hit....the basket is reset with the same VB, and the flow starts again?

Not sure how it would work with your 3-4 basket idea, I'm just thinking of an ever-changing vb basket that resets when going nowhere near the vb levels....
  • #7,540
  • Jun 28, 2017 12:53am Jun 28, 2017 12:53am
Quoting Jared77
hey Bendz, maybe Xmess could actually time the resets also so if your basket is simply never going to change direction and head into VB positive territory and actually open any trades for a long period - simply hanging in limbo...maybe lets say you opened it on the Asian time market - it could reset and open at the London open time (we could enter reset time manually say 3-4 times per day) , if vb is not hit....the basket is reset with the same VB, and the flow starts again? Not sure how it would work with your 3-4 basket idea, I'm just thinking...
Hi Jared77,

Yes. You're correct. I'm from India and the time is good for baskets

Please wait. Tomorrow, I'll post the screenshots.

Benz
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