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CCFp weekly signals (set and forget basket trading)

  • #10,161
  • Edited 11:31am Aug 2, 2017 10:56am | Edited 11:31am
Quoting Embry1
Seems like the optimal time to open the monthly basket was around 14:00 GMT yesterday, or even later. Anyone who opened earlier than that definitely caught a bad pullback and the NZD news went the wrong way. GBP news was solid, traded both GBP news from today and yesterday on live for some nice pips. Get rich on news folks! Here is an update on one of my monthly baskets and today's GBP profit. {image} {image}
Embry1 have you given any thought to, or have you tried to trading a shorter time frame than H1 for the news? Perhaps trading with M30 or M15 with the CCFp could catch the spike faster than H1 and yield better results?
Truth is like poetry. And most people f*cking hate poetry.
  • #10,162
  • Aug 2, 2017 11:20am Aug 2, 2017 11:20am
Interesting differences between the standard CCFp indicator which has the apparent MA bug and the CCFp which doesn't.

On the far left is the standard CCFp, 10080, TF, L2, MA3/5, next to it is the bug free CCFp with the same settings.

Next is the standard CCFp, 1440, TF, L2, MA3/5, and on the right is the bug free CCFp with the same settings.

So it seems there are quite noticeable differences between the standard and fixed CCFp.
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Truth is like poetry. And most people f*cking hate poetry.
  • #10,163
  • Aug 2, 2017 11:37am Aug 2, 2017 11:37am
Quoting FxMadness
I am pumping out profitable baskets since Monday and i am just testing two baskets with different setups against each other. That means that i do not even really care when i start a basket or that the TP and locks are set correctly. Short term (daily) managed baskets are the word for August. {image}
Good day FxMadness, if I may ask, 1. Do you use a broker including or excluding Sunday candles? 2. Do you still use same settings as per templates posted for current gr8 results as posted above? Thank you very much.
  • #10,164
  • Aug 2, 2017 12:17pm Aug 2, 2017 12:17pm
Quoting Domahh
{quote} I had already found that in post 9232, but could not figure it out and there was no explanation. Is this the chart of the combined basket pairs?
Yest, if you put that indicator on the chart it will read the FXM selected pairs and generate an offline chart like in normal basket trading.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #10,165
  • Aug 2, 2017 12:17pm Aug 2, 2017 12:17pm
Quoting mrdfx
Interesting differences between the standard CCFp indicator which has the apparent MA bug and the CCFp which doesn't. On the far left is the standard CCFp, 10080, TF, L2, MA3/5, next to it is the bug free CCFp with the same settings. Next is the standard CCFp, 1440, TF, L2, MA3/5, and on the right is the bug free CCFp with the same settings. So it seems there are quite noticeable differences between the standard and fixed CCFp. {image}
Amazing - 25+ pairs difference, mrdfx, have you tested the bug free version?
  • #10,166
  • Aug 2, 2017 12:27pm Aug 2, 2017 12:27pm
Quoting mrdfx
Interesting differences between the standard CCFp indicator which has the apparent MA bug and the CCFp which doesn't. On the far left is the standard CCFp, 10080, TF, L2, MA3/5, next to it is the bug free CCFp with the same settings. Next is the standard CCFp, 1440, TF, L2, MA3/5, and on the right is the bug free CCFp with the same settings. So it seems there are quite noticeable differences between the standard and fixed CCFp. {image}
If you find the problem. Please put your tpl with the modified indicator and settings in a rar file. I think you are right.
if you my trade,My-post analysis, subscribed to ME
  • #10,167
  • Aug 2, 2017 1:10pm Aug 2, 2017 1:10pm
Quoting mrdfx
Interesting differences between the standard CCFp indicator which has the apparent MA bug and the CCFp which doesn't. On the far left is the standard CCFp, 10080, TF, L2, MA3/5, next to it is the bug free CCFp with the same settings. Next is the standard CCFp, 1440, TF, L2, MA3/5, and on the right is the bug free CCFp with the same settings. So it seems there are quite noticeable differences between the standard and fixed CCFp. {image}
Can you please explain that mistake? I have been test with the two, and the open pairs more, for the first , they are no more losers than the rest...


Although this is still all Chinese for me
  • #10,168
  • Aug 2, 2017 1:19pm Aug 2, 2017 1:19pm
Quoting nihilist23uk
{quote} Hi Embry1, I am a little confused as to how your system is working...Not knocking it,what works,works just trying to understand it. if your using true/true then m/a setting doesnt matter right ? so that removes any fast indication by the indicator. Also if thats the case you are only trading on bars,how would the bars/indicator know which way news is going half an hour into a bar.it cant,only when it exceeds the last bar. So,is your success just down to the fact you are allowing a swing in the news both positive and negative and just...
The settings work in the way that they do with the news in the same way manual traders look at these kind of trend indications. The 1H TT setting will indicate the correct signal based on the current 1H candle. Lets say the previous candle is green, news hits and the next candle is red and breaks the green candle on the way down. This should indicate a sell signal for that pair just like as if you were trading breakouts or breakdowns. The only reason I came up with these settings is because that's how I traded news before and this just makes it easier to capture the moves.
  • #10,169
  • Aug 2, 2017 1:22pm Aug 2, 2017 1:22pm
Quoting mrdfx
{quote} Embry1 have you given any thought to, or have you tried to trading a shorter time frame than H1 for the news? Perhaps trading with M30 or M15 with the CCFp could catch the spike faster than H1 and yield better results?
Yes, I have done some testing with shorter time frames and H1 is the most successful by far. The problem you run into with shorter time frames are incorrect signals. If that M15 candle is telling the CCFp to sell when the previous H1 candle is larger and green, you probably have a false signal. However if the H1 candle is red and breaks that green H1 candle before, you have a much better chance at a new downward trend.

For the news that I'm awake for, I may cut out the start timer all together and open the basket manually to avoid the candle not breaking and getting a false signal like with crude oil USD today. I'm never awake for GBP data releases so my 08:31 timer has to be that way, but that's my most consistent news basket lol so no problem there.
  • #10,170
  • Aug 2, 2017 1:43pm Aug 2, 2017 1:43pm
Quoting Embry1
{quote} Yes, I have done some testing with shorter time frames and H1 is the most successful by far. The problem you run into with shorter time frames are incorrect signals. If that M15 candle is telling the CCFp to sell when the previous H1 candle is larger and green, you probably have a false signal. However if the H1 candle is red and breaks that green H1 candle before, you have a much better chance at a new downward trend. For the news that I'm awake for, I may cut out the start timer all together and open the basket manually to avoid the candle...
Thanks Embry1, very clear explanation. Is there another method of filtering other than going into the CCfp and selecting false for the pairs not to trade? This coming Friday, we have a lot of GBP red news beginning at 6 am (CST). If you are at your computer at that time, do you set GMT time for 1 minute after 6 am, or would you click "Open Basket" on xmess7's EA 1 minute after the news breaks? Is one choice more efficient than the other when it comes to placing the trades?

Thanks for your response,
Gary
  • #10,171
  • Aug 2, 2017 1:46pm Aug 2, 2017 1:46pm
Quoting FxMadness
{quote} Yest, if you put that indicator on the chart it will read the FXM selected pairs and generate an offline chart like in normal basket trading.
Will do, many thanks. These two tools combined should give the best enter/exit on the chosen pairs. I don't think anything would beat this combined package.
  • #10,172
  • Aug 2, 2017 1:48pm Aug 2, 2017 1:48pm
Quoting kik
{quote} Can you please explain that mistake? I have been test with the two, and the open pairs more, for the first , they are no more losers than the rest... Although this is still all Chinese for me
The discrepancy was discussed a few pages back about a difference in the original CCFp calculation and FxMadness adjusted the code in his FXM CCFp indicator, that is how you can see the difference in my previous post.
Truth is like poetry. And most people f*cking hate poetry.
  • #10,173
  • Aug 2, 2017 1:50pm Aug 2, 2017 1:50pm
monthy drawdown 7510pip
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joing my trading discuss group.i am make u rich
  • #10,174
  • Aug 2, 2017 1:51pm Aug 2, 2017 1:51pm
Quoting Embry1
{quote} The settings work in the way that they do with the news in the same way manual traders look at these kind of trend indications. The 1H TT setting will indicate the correct signal based on the current 1H candle. Lets say the previous candle is green, news hits and the next candle is red and breaks the green candle on the way down. This should indicate a sell signal for that pair just like as if you were trading breakouts or breakdowns. The only reason I came up with these settings is because that's how I traded news before and this just makes...
Thanks Embry1, I'll stick to the H1 setting as its been working well for me as well. I just need to learn which news is better to trade as not all are favorable for this news trading strategy. I've learned that AUD news doesn't move the market that much and it better to trade the USD and GBP news in the mornings. Still trying to figure out if trading EUR news is worth it.
Truth is like poetry. And most people f*cking hate poetry.
  • #10,175
  • Aug 2, 2017 1:57pm Aug 2, 2017 1:57pm
Quoting Tx15
{quote} Thanks Embry1, very clear explanation. Is there another method of filtering other than going into the CCfp and selecting false for the pairs not to trade? This coming Friday, we have a lot of GBP red news beginning at 6 am (CST). If you are at your computer at that time, do you set GMT time for 1 minute after 6 am, or would you click "Open Basket" on xmess7's EA 1 minute after the news breaks? Is one choice more efficient than the other when it comes to placing the trades? Thanks for your response, Gary
If I'm not at the computer then I set for 1 min after release. If I'm at the computer I'll wait for the candle to break. There isn't an easier way to filter unfortunately. I have a demo account set up just for news so I have a window for each currency already filtered, that way I just have to throw the EA on there and set my time, TP, and SL.
  • #10,176
  • Aug 2, 2017 2:00pm Aug 2, 2017 2:00pm
Quoting mrdfx
{quote} Thanks Embry1, I'll stick to the H1 setting as its been working well for me as well. I just need to learn which news is better to trade as not all are favorable for this news trading strategy. I've learned that AUD news doesn't move the market that much and it better to trade the USD and GBP news in the mornings. Still trying to figure out if trading EUR news is worth it.
Yeah GBP and USD were great today but crude oil was not. Earlier I mentioned that crude oil broke my rules and even knowing that I still did a basket to test. Sure enough it hit SL. I traded some EUR orange news on Monday and had some success. However smaller TP and SL is highly recommended. They would run up to 60-70 pips then turn around. What I love about this strategy is the amount of opportunities there are during the week, if you trade them all properly you will surely net well into the green each week.
  • #10,177
  • Aug 2, 2017 2:24pm Aug 2, 2017 2:24pm
Hi All
I am having trouble getting the EA to work on my live account(UK Spread betting) and i believe its down to the suffix of SB after each pair.
The demo account has no suffix and EA and indicators work fine and have been making reasonable progress.
I have forced a data up load and tried older EA versions and different settings to no avail.
Any help would be most appreciated.
Many Thanks
  • #10,178
  • Aug 2, 2017 2:25pm Aug 2, 2017 2:25pm
Hello Embry1 , Bubincka and all other Indiana Jones who went ( wisely) to trade the News with the CCFp .
Tomorrow and Friday your experimental flight will be quite "choppy" ...Enjoy ....ONLY RED NEWS
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  • #10,179
  • Aug 2, 2017 2:26pm Aug 2, 2017 2:26pm
Quoting Embry1
{quote} If I'm not at the computer then I set for 1 min after release. If I'm at the computer I'll wait for the candle to break. There isn't an easier way to filter unfortunately. I have a demo account set up just for news so I have a window for each currency already filtered, that way I just have to throw the EA on there and set my time, TP, and SL.
Thanks for your quick response, and a good idea having the charts pre-filtered...I will follow up on that. Which chart do you reference for the candle break if you are at your computer?
  • #10,180
  • Aug 2, 2017 2:27pm Aug 2, 2017 2:27pm
Quoting lion1
monthy drawdown 7510pip {image}
I think you would be lucky if you were trading more than 7000 negative pips.
if you my trade,My-post analysis, subscribed to ME
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