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CCFp weekly signals (set and forget basket trading)

  • #9,661
  • Jul 27, 2017 7:17am Jul 27, 2017 7:17am
Quoting FxMadness
{quote} Now let's say you are unlucky or you started at the time of the year and you lose the first two months. 10000 x 2 = 20000..........and you are left with..... Even if you lose only the first month and you are left with a $1000 it is always harder to make up for losses because your account is drained and margin calls are coming closer and closer. Why anyone would put a stop loss at 10,000 pips is beyond me. You are doing something very wrong. Btw. {quote} It is not proper risk management to gamble half of your account on a single trade attempt....
I understand your point of view.
But for me, 1000$ represent around 10% of my account and the RR is good with a SL of 10,000 pips. If you hit 15000 to 20000 pips per month, you stil almost at 1:2 RR.

I know this is not for someone who only have 2k in his account. But you can trade monthly basket and reduce the number of basket you open (like 6 basket and cut half the SL).
  • #9,662
  • Jul 27, 2017 7:27am Jul 27, 2017 7:27am
FXM, i am still having difficulty to load and use your ccfp indie.
when i load on the chart, it doesn't show up at all.
i have the downloaded the zip file and installed other supporting files.

kindly help.
  • #9,663
  • Jul 27, 2017 7:30am Jul 27, 2017 7:30am
Quoting mrdfx
{quote} Looks to me like your basket isn't even open.
Hi MRDFX,

Could be but I have 12 pairs open since monday morning GMT -4.

Thanks for your reply!
  • #9,664
  • Jul 27, 2017 7:33am Jul 27, 2017 7:33am
Quoting Thedenus
{quote} I understand your point of view. But for me, 1000$ represent around 10% of my account and the RR is good with a SL of 10,000 pips. If you hit 15000 to 20000 pips per month, you stil almost at 1:2 RR. I know this is not for someone who only have 2k in his account. But you can trade monthly basket and reduce the number of basket you open (like 6 basket and cut half the SL).
Thay's what exactly I'm thinking to do next month (opened 8 monthly baskets in July and here's the result) 3.63% DD of equity 3677.82$
I may give sl 50 pip for every pair = 5000 pips sl for 100 pairs with the target of 50% monthly gain.
I'm still doing my homework
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It must come from a need!
  • #9,665
  • Jul 27, 2017 7:34am Jul 27, 2017 7:34am
Quoting 50d
FXM, i am still having difficulty to load and use your ccfp indie. when i load on the chart, it doesn't show up at all. i have the downloaded the zip file and installed other supporting files. kindly help.

FXM,
this is the message i get in the experts tab

2017.07.26 19:53:05.003 FXM__Diff3 USDCHF,H1: not initialized
2017.07.26 19:53:05.003 FXM__Diff3 USDCHF,H1: uninit reason 8
2017.07.26 19:53:05.003 Custom indicator FXM__Diff3 USDCHF,H1: removed

kindly assist.
thanks.
  • #9,666
  • Jul 27, 2017 7:40am Jul 27, 2017 7:40am
This is interesting, actually happened by accident. I had my monthly basket set up on daily instead of weekly so it reset at 00:00 GMT and sure enough it actually climbed to 2700 pips overnight for me. It's back in DD now but a TP or profit lock could have gained some nice pips. Don't know if this is worth testing but it's a little interesting.
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  • #9,667
  • Jul 27, 2017 7:51am Jul 27, 2017 7:51am
Traded the US red news report today trying Embry1's strategy but what I've found is not all red news goes your way. The news wasn't strong enough to cause any major movements so there was no real pip gain. I closed the basket with a few pips.

I think this is better suited to major news releases for better results.
Truth is like poetry. And most people f*cking hate poetry.
  • #9,668
  • Jul 27, 2017 7:55am Jul 27, 2017 7:55am
Quoting mrdfx
Traded the US red news report today trying Embry1's strategy but what I've found is not all red news goes your way. The news wasn't strong enough to cause any major movements so there was no real pip gain. I closed the basket with a few pips. I think this is better suited to major news releases for better results.
Don't let it go yet! If you look at the 1 hour chart it's right in line for a reversal. Yes the news wasn't strong enough really for a really quick 150 pip basket, haven't seen any of those this week unfortunately. Except FOMC lol.
  • #9,669
  • Jul 27, 2017 7:59am Jul 27, 2017 7:59am
Quoting Thedenus
{quote} I understand your point of view. But for me, 1000$ represent around 10% of my account and the RR is good with a SL of 10,000 pips. If you hit 15000 to 20000 pips per month, you stil almost at 1:2 RR. I know this is not for someone who only have 2k in his account. But you can trade monthly basket and reduce the number of basket you open (like 6 basket and cut half the SL).
For me it is 0.01 % of my account but that really does not matter and i still disagree.

10.000 pips is not an acceptable DD not for anyone !
Either the indicator is false or the point of trade(s) entry is wrong.

Let's say a big fund trader is opening a trade and it goes directly into 50 million loss, i do not see him saying "a well half way the the month i will be up a 100 million"....
So why would you trade this way ?

To enter a solid trade, basket. bucket, group of trades (i do not care how you name it) it should go directly into profit and after that you can deal with the pullbacks but it will never ever show a DD going beyond the point of entry (well, at least not more than a couple of pips).
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #9,670
  • Jul 27, 2017 8:00am Jul 27, 2017 8:00am
Quoting 50d
{quote} FXM, this is the message i get in the experts tab 2017.07.26 19:53:05.003 FXM__Diff3 USDCHF,H1: not initialized 2017.07.26 19:53:05.003 FXM__Diff3 USDCHF,H1: uninit reason 8 2017.07.26 19:53:05.003 Custom indicator FXM__Diff3 USDCHF,H1: removed kindly assist. thanks.
Hi!
Use the script to load price history.
Should work then.

Cris
  • #9,671
  • Edited 8:22am Jul 27, 2017 8:00am | Edited 8:22am
Quoting Embry1
This is interesting, actually happened by accident. I had my monthly basket set up on daily instead of weekly so it reset at 00:00 GMT and sure enough it actually climbed to 2700 pips overnight for me. It's back in DD now but a TP or profit lock could have gained some nice pips. Don't know if this is worth testing but it's a little interesting. {image}
Just one word, ouch......

O wait, one word and a couple of dots.....
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #9,672
  • Jul 27, 2017 8:14am Jul 27, 2017 8:14am
Sorry for this silly question If my broker is GMT+2 should I put time as 9 am in the EA?
Thank you
Sathish
  • #9,673
  • Jul 27, 2017 8:21am Jul 27, 2017 8:21am
Quoting haemdoc
Sorry for this silly question If my broker is GMT+2 should I put time as 9 am in the EA? Thank you Sathish
If you want to open your basket 2 hours after London open you should.
If not, you should put 07:00 in there because that is when LO (DST) opens.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #9,674
  • Jul 27, 2017 8:21am Jul 27, 2017 8:21am
Quote
Sorry for this silly question If my broker is GMT+2 should I put time as 9 am in the EA?
Thank you
Sathish

u can here find ur want time Suit
ny and london open time


https://www.forexfactory.com/market.php
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  • #9,675
  • Jul 27, 2017 8:25am Jul 27, 2017 8:25am
Quoting FxMadness
{quote} If you want to open your basket 2 hours after London open you should. If not, you should put 07:00 in there because that is when LO (DST) opens.
Thank you both. So the time on EA should be 7 regardless of the broker clock if I want to open exactly as the EA creator recommends?
  • #9,676
  • Jul 27, 2017 9:02am Jul 27, 2017 9:02am
I have been Trying for a while 888 vs Baskets Behaviors and act accordingly

Here are Some Basket Entries Based on DM Monitor opened on a Monday
watching a Sequence being formed and expecting to behave as it happened in the past... (not a guarantee of course)
Not exactly the perfect science but if forex is all about stacking the odds in our favors, then this makes sense to me _
It is Also "in a way" Bloodshed_proof _
Reasons for all these trial ? Because i want to complicate my life ? NO, no...

Wouldn't it be just better to set a Bunch of Ccfps and see the if the results are negative positive ?
Maybe .. all is good to try ...
But I do all this because i'll be wasting my time if i try on demo
something that I won't be able to trade on Live_
News, / Sudden market changes, do they count and could spoil the sequence ? yes they do, but
the DM takes it all and it is a Demo and Demo watch cost nothing... The Real Trades will be opened
after the DM showed me what to do_
In other words the DM /Demo Monitor takes all the sh**** and i'll get all the good stuff _
Why this happens .. and is this just luck ? Maybe, but not when it hapens several times
an explanation about this, could be that all Baskets are formed by Pairs and pairs follow their course
and eventually almost all Pairs will fall back into the Main Ccfp Level's Direction_
hav a nice day
Attached Image(s) (click to enlarge)
Click to Enlarge Name: New Baskets Entries after Recovery.jpg Size: 1.8 MB
Click to Enlarge Name: NO roulette.png Size: 358 KB
The arriving better than the arrival, the journey has just started
  • #9,677
  • Jul 27, 2017 9:09am Jul 27, 2017 9:09am
Quoting haemdoc
{quote} Thank you both. So the time on EA should be 7 regardless of the broker clock if I want to open exactly as the EA creator recommends?
Two simple articles, just read them to understand gmt and broker 00:00
http://www.sustainablebrandsbangkok....-forex-charts/
https://forums.babypips.com/t/import...ezones/59274/2
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #9,678
  • Jul 27, 2017 9:14am Jul 27, 2017 9:14am
Quoting FxMadness
{quote} Two simple articles, just read them to understand gmt and broker 00:00 http://www.sustainablebrandsbangkok....-forex-charts/ https://forums.babypips.com/t/import...ezones/59274/2
I have just set this up and running on a MQ VPS. Because its thursday already, i guess it wont open any trades till monday morning. Correct?

Thanks
Sathish
  • #9,679
  • Jul 27, 2017 9:18am Jul 27, 2017 9:18am
Quoting jenbols
I have been Trying for a while 888 vs Baskets Behaviors and act accordingly Here are Some Basket Entries Based on DM Monitor opened on a Monday watching a Sequence being formed and expecting to behave as it happened in the past... (not a guarantee of course) Not exactly the perfect science but if forex is all about stacking the odds in our favors, then this makes sense to me _ It is Also "in a way" Bloodshed_proof _ Reasons for all these trial ? Because i want to complicate my life ? NO, no... Wouldn't it be just better to set a Bunch of Ccfps and...
  • #9,680
  • Jul 27, 2017 9:23am Jul 27, 2017 9:23am
Quoting mrdfx
Traded the US red news report today trying Embry1's strategy but what I've found is not all red news goes your way. The news wasn't strong enough to cause any major movements so there was no real pip gain. I closed the basket with a few pips. I think this is better suited to major news releases for better results.
Me too. If results aren't too much above/below forecast market doesn't react enough. The basket initially went in negative territory but when it turned positive even for a few pips I decided to close it.


I trade Embry1's red news method in the same account I trade two setups (TO & LO) presented here by FxMadness, and since I've already reached my target of +2.X% I was satisfied with a few more pips- Probably in real I shouldn't even open this basket.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
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