CCFp weekly signals (set and forget basket trading)

Beta 16

xm7_Ccfp_Wkly_TradeMonitor_v37.7.8_beta_16.ex4

One new input...
Test3CandleColorsTimeFrames="H4,D1,W1"
You can change it to "D1,W1,MN1" etc

Also if you set the PrintDebugInfo=True. When the EA calls the 3CandleColor() function it print the following message:
"3CandleColor: H4: Green D1: Red W1: Green"

You can use that to compare it with the indicator and see if the conditions match

I am not sure the EA is going in the right direction here.

Either you build a "blackbox" EA with all the selection criteria in it or you build an open EA that relays on external visible indicators.
Seeing ccfp suggesting 15 pairs and the EA only taking 7 leaves me looking at the log to see what the candle directions were at the moment ?

Furthermore there is the timing, the basket could be triggered on the first tick of a new candle (which with some brokers always seems to be the opposite of the rest of the candle direction....and i do not wonder why....) so you have non reliable data to filter out trades.
Because your EA is a basket trader there are no ways to correct it afterwards (then you should have build a dashboard) and especially for daily auto traders that could become a nono.

Of course you build in a "Do not use candle directions" but my point is, it should not even be in your current EA unless you also build in the ccfp code and make the EA completely autonomous.

@FxMadness so do you not see any point of using the candle filter as an extra trade filter for the CCFp suggestions? I know many of the DB have the candle filter as an additional filter option and it can be good to use. I would think having it as an extra trade filter for the CCFp could be a good thing unless I'm wrong. I can't say if its been effective yet for my xmess7 EA baskets as it's a new addition, but the theory behind it seems good.

For anyone running Monthly Settings.......what has been an average DD, and if you can recall what has been a Max DD?

I do see a point in adding specific to ccfp corresponding filters to filter the trades before they go in the basket.
But they have to be in the same category as ccfp itself.

A candle can flip color in a matter of ticks but the Xmess7 EA is a one trick EA unable to add the previous by ccfp selected but excluded by the EA on fi. one candle color to the basket when the excluding candle changes.

Basically you are better off using a dashboard which can handle single trades or multiple trades as one basket and is able to add or remove trades depending on the changing secondary signals (ccfp primary, candle direction secondary).

And for tonight some food for thought.
So what happens if you open a basket at the specific GMT time 00:00 ? is your ccfp daily indicator already updated ? or does you broker still has to close his daily candle ?

Opppss did you answer to the wrong post lol ? It was actually a kind Remark for xmess EA updates _?
But anyway, Yep that pip calculation for/against could make sense, although in theory only, IMhO.....

I wouldn't worry much about stupidity as someone said > "Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”
... moreover if stupidity is lacking, the others the wise ones are useless so feel happy about it lol_
Now between me and you ...hope that makes sense_?

Hey traders!
I'm usually very quiet on the thread but I can't keep this for myself.
Last week, in my LIVE account, I decide to go without fear in the monthly strategy. Before the trade, I was willing to lose 1000$ (10,000 pips) to test this thing and for testing myself to

Ask yourself how much do you think you gonna have to spend to know all the things you learn on this thread? Look on the net and you'll find easily some courses for more than 2-3000$ for a "super power seminar never loose your money"

So, after that kind of thinking, I decided to go and never look back no matter what.

After a DD of 4600 pips (around 460$), I came back to +1000 pips in a hour Wednesday (more than 5000 positif pips) and finished the week on Friday at +8500 pips.

Forexpinbar told me that I am now a privilege member of the "Balls of steel club"

I traded very well in the weekly strategy but looking more for a "set and forget" one.

I am not better than anybody. I just accept to do the real thing and stop looking for a miracle where you can't lose.

Remember this. To get somethings you never had, you have to do somethings you never did.

This system work!!

Here's my set up:
12 baskets
Level 4-6-8-10 in 42300
3 default mode (FF, FT and TF)
VB 30 pips

... and that's it.

You can be a super champ in a demo account. But test yourself for real. Don't put some money that you can't loose but try it for real. It's NOT the same game in a LIVE account... Trust me. You are not thinking the same way and take different decisions.

A big thank's to Forexpinbar and Jess for this amazing system and all of you guys for this team work.

I'm gonna let you know about my results at the end of the month.

-Guy

so it was just a bet like at casino .ok i will do this i have two options to win or lose.
i dont want to broke your dream but dont you think is a dangerous thinking ''ok win or lose'' ?

Good results,
You can share your settings in bastekt and which version you use.
I would like to test.
Thank you

My results from the 13th Thursday with a monthly basket that I have not closed.
a greeting

Without having results for months before, yes. But the idea is to jump in my live account after lot of testing in a demo account. It's not a lottery or a casino. My live account is like a business. I take it very seriously.

The he idea is to tell that sometime it's difficult to trust something outside your traditional way to do things.

And next time, ask questions before think what I am thinking...

I'll reply to all the questions directed to me in this post.

@FX Madness
The 9 baskets are all FT. Basket 1 refers to 1440FT, Basket 2 refers to 10080FT and basket 3 refers to 43200FT. The F and R indicate forward and reverse trades(as shown by the arrows on the chart in the post you quoted). So just reverse of the signals that the indicator is saying as set by ea. The last number indicates the basket that opens 1st then 2nd etc. Basket2F2 means 10080FT trading forward and it is the second basket that opens in that signal timeframe(10080FT) and direction(F). Hopefully that makes sense. The MA doesn't apply as I'm using bar(FT)


@Forex1960
News definitely does play some sort of role but over the past 5 weeks, the trend for opening and closing times remained very consistent(within 15 minutes). I've also taken the average of the first 2 weeks of the data and compared it to the average of last 2 weeks and found that the patterns observed remained consistent. That is to say that opening and closing times are repeatable over different periods of time which gives me some confidence to assume that the entry and exit times will remain relevant and consistent for at least the next couple weeks. I don't know what will happen in the long run though. I definitely don't expect it to remain as consistent as it has over the past 5 weeks but in saying that I still expected a lot more variability and was pleasantly surprised.

@Pippopotamus
I honestly don't know how much more data I'll need. I'll be starting live trading with small account but don't have the confidence to put in too much money right now. Again as mentioned in the post, hindsight allows us to set the best settings for past data to get the best outcome. I've tried doing some sensitivity analysis to see how much changes in the variables influence the outcome but realized that I still don't have enough data to do that and get anything meaningful out of it. In saying that, I played around with some of the variables(SL/TP/closing/opening times) and some baskets do seem quite sensitive so I definitely won't be expecting this sort of return going forward. I'd say it's safe to assume that it could be possible to get between 30-50% and possibly even more of the pips in the analysis which is still pretty damn good considering the small drawdown. In a month, I'll compare the output with the exact same settings as in the analysis to see if the results are repeatable. Volatility levels will definitely influence the results somehow but settings can be adjusted according to the previous 2 weeks/1 month of data. That way the variables are somewhat trailing the volatility and adjusting for changes.

@nihilist23uk
The exact same analysis can be applied for FT and FF. With TF and TT, the opening time cannot be adjusted but SL/TP/closing time and virtual basket settings can be. I've started gathering more data for about 30 different combinations of settings but don't have enough so far to analyse. I'll send you a PM with more info.

@mrdfx
I decided on use.current as false so that the entry time can also be changed/optimised based on logged data. If use.current is on true and I log data with the pairs recommended at 00:00GMT and find that a better entry for those pairs would be at 8:00, the recommended pairs at 8:00 would be different than at 00:00 making the analysis a lot more complex and less reliable. As for MA vs Bar, I just had a look at the difference between recommended pairs for both and found that Bar generally gives more recommendations. That's all the thought that went into it. I've since started more data gathering with all sorts of combinations to apply the same analysis. As for the opening times, I think I explained it clearly enough in the initial post. When you average all the data for 1 basket and find that the average low is at 8:00, then logically that would be the best time to enter. Same with exit. When the average of the basket is highest, that's when you want to exit. Like this, some of my basket take profits are 500-600 with SL at 100-200 where SL was hit only 1 or 2 times because on average, when entering and exiting at those times, the market is more likely to go with the average(assuming it remains consistent over time)

Hey Thedenus, just PMd you...

very impressive considering the low dd for a monthly basket.


did you use the virtual basket option at all ??

and out of curiosity what tradelevels did you use for you 5 baskets ?

43200 level 2.5.7.7.9
yes 5 baskests NO VIRTUAL BASKET

Need weeks set

Please share

@123david321

Thanks for the elaborate and very explaining answer.

Thedenus
I have a very good idea what Husky means with "Casino".

Below is the FPB monthly pin graph.
FPB build a little "profit" buffer in the months before so he never went below his initial capital.

If you would have taken the decision to start your live account in May it would have been wiped out in a jiffy.
So if you start a live account without having any idea if this is the right time or not (backtesting over years) you can be lucky or unlucky, that's the casino part.