CCFp weekly signals (set and forget basket trading)

You also need the FxMadness set file.. Dont know if I added it to the other zip file.. I had to load the set file and then change it to what I want..

bmc and fxmadness,

success, the files bmc posted loaded just fine. the indie even loads without the template = the indie by itself.

i must have loaded some corrupted file or something before is my guess.

thanks for all the help

Here's a "cleaner" template of the zip file shared by FXMadness/bmcgowra. Just make sure you have the right files in the right folders...

This is an easy one for me to answer, TP 0, SL 0.


Not to clutter this "set and forget" thread any further this is the last to show the correlation between the fxm Strength (left) and a (slightly modified) ccfp (right) on a 1 hour chart.

FxMadness can you explain about the correlation levels in the correlation settings? It says from 0 to -1, I've seen the level -0.8 in the default setting, then in your shared set file its -0.6 and your most recent pic I saw -0.5.

Can you tell me more about how that affects the correlation as I don't fully understand those values and their significance. I'm using the level set in your shared set file which is -0.6, is that fine or should I leave it on default -0.8? Thanks.

Here you go, better than i could explain it.

http://www.investopedia.com/articles.../05/051905.asp

Thanks for that I read it. My question was directed at the default setting of -0.8 and how in your set file it is -0.6 and I see also -0.5. From what I read the more negative we go the less correlation between the pairs and vice versa. So as a standard setting for the correlation levels what is the better level to use? Thanks for a really great modification of an already great trading tool.

Are either of those strength indis available? Very nice!

Great results...Could you share your settings please?

I have been testing this amazing strategy for some weeks, and in my opinion, it gives better results opening the basket at 21:30 GMT on Monday.

Thanks to ForexPinbar and Xmess for their wonderful work!

It basically depends on how you are going to trade.
Normally (where the corr comes from) i use 96 H1 bars (4 days) and -0.8 to signal correlation.
But if you trade shorter faster baskets a 4 day correlation could be to much so you probably should scale back to 12 H1 bars or 48 M15 bars (there is a difference).

That you see different settings in my screenshots is just me experimenting with settings.

I had my first try at the system this week and used two different MetaTrader demos, one with the Weekly basket and one with the Daily basket. Both were stopped out yesterday at -200 pips. I'm using the settings that are suggested in the PDFs on the first post. Also the Weekly one opened 16 trades while the Daily one opened 4 trades. What did I do wrong?

what brokers allow a high number of open trades simultaneously?

Beta 17 and updated v37.7.7

Folks:
I am trying to catch up... and mustard too
Beta 17 and an updated v37.7.7 are ready for downloading
http://xm7.info/ea/ccfp_weekly/

I saw some of the comments, so more than likely I missed several. Please PM me with concerns/comments/bugs etc. It's easier to look up the PMs than to search thru the thread
Anyhow Beta 17 address some issues... and I did check the profit lock and anything else that can affect it. v37.7.7 was updated with some of the fixes that Beta 17 has.

1. Removed Close button on right hand side. Don't need it, since the OpenButton turns into a CloseButton when trades are opened.
2. Fixed Appearance and operation of OpenBasket Button
3. Updated perTrade Trailing Function
4. Updated Reset button. It now resets the EA using the OnInit() function. I also added some more variables that had to be zeroed out. There are about 9 globals that are not removed. These have to do with the GMT offsets, suffix/prefix listing, TriggerHour. The reason these are not removed is cause even if you start fresh and reload these values with the exception of the TriggerHour will not change(will they should not). By adding hte OnInit() function now that is the exact same thing that is done when you start the EA fresh or after each time you are done looking at the input properties.
5. Made a correction to the VirtualBasket Refresh at the end of the GMT Day
6. Made Updates to the TP_SL per trade functions (EA wont' show TP SL until a real basket is opened)
7. Added SkipBinaryPairs input to ignore binaries pairs. (this may be removed later cause not all brokers have binaries that end with ".bo")
8. If you are use ATR or PerTrade options, the SL and TP won't be seen on the display UNTIL a basket is opened. The EA does now know how many trades will be opened until the real basket is opened. Once a real basket is opened the EA will then take the number of trades and multiply it by the pips per trade you entered. To get either the SL or the TP.
9. If you use TP_to_SL_Ratio, the EA will now make the calculation and show it on the display. This was not evident before, cause the EA was doing it internally except I was not displaying. You will see it now on the display. (more discussion later as to what or which to use for the Ratio calculation, SL vs TP)

Make sure to set PrintDebugInfo=true. This way when you show me logs, I can see alot more info of what is happening.
Also look for errors in the Journal Log as well. Or in general if you do not see the pairs you thing that should happen.
Go the either log and look at the hour you expected the trades to open up and see if you can find anything that shows that the trade was at the least recognized by
the EA. PrintDebugInfo input will show you exactly what the EA Took from the LIST right before it opened the trades.

Go download again v37.7.7 it has been updated with some of the corrections

Hmm well I can't check max/min now that the EA has closed and I closed MT4. I tried reopening but it shows zero for everything as if I haven't traded that week.

Settings are exactly as per post 2, except 11am GMT entry.

Just testing the Open Basket button for the Tokyo open, opened basket around 00:15 when the trends started, 30 minutes for 100 pips I'll take it. Thanks Xmess for adding that button, makes life a lot easier.

I'm tell ya. Your gonna get BOOORRED...
welcome to the most boring club !! LOL.

That's right man!! Do the SOMH!!!

emry!:
Your killing it... ..

It's exactly what I need - previously I've over traded and lost money so this is exactly the system I need. As long as I keep up to date with the EA and maintain the same settings, there should be no issues.

I've also learnt that red news is a dangerous time to be holding a basket (that is actually what pushed my basket last week from +6.5% to -15%) so I am now weary also of that.

Will load up the updated 37.7.7 EA and input the same settings before I forget for next Monday! lol...

I seem to have found a sweet spot lol. Took a while to cycle through what works best, but now I just run a couple baskets with the highest chance of success. Running them on live too