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CCFp weekly signals (set and forget basket trading)

  • #10,241
  • Aug 3, 2017 8:16am Aug 3, 2017 8:16am
Quoting mrdfx
{quote} I'm taking notes of the news and how it did, but one can never know the affect the news will have on the market. I'm not talking about whether positive or negative news, but if the news release will have a big or small affect on price movement, so I could have set a 200 pip TP but if the news didn't have enough effect then it might not have hit. Well 100 pips in 10 mins is good enough for me lol.
You are right, you cannot know in advanced how big will be the move if any. To catch big waves like today it could be better to set a much larger TP/SL (200-250) and then adjust them accordingly after the release if the move is not so big. A better way would be the one suggested by FxMadness with a modified trailing.
The news brought some oxygen to Monthly & Weekly baskets, at least those not already taken out by stoploss.
Porta itineris dicitur longissima esse
  • #10,242
  • Aug 3, 2017 8:17am Aug 3, 2017 8:17am
I encourage those who trade longer timeframes like weekly or monthly to use an equity graph indicator if you have not already. It helps you collect invaluable data and gives you a much clearer picture regarding DD, what causes it, the optimal time to start the basket etc. There are tons of ways to interpret these graphs

Here's one example, I've noticed that on my weekly settings, the DD can be pretty big relative to the profit as shown in the graph below (Now keep in mind that this is a demo account, I could've closed the basket once profit hits at anytime but I chose to let things run til Friday)
Attached Image (click to enlarge)
Click to Enlarge Name: Equ sample.png Size: 27 KB

So I started trading reverse signal and this is the result so far, it has only been a couple of weeks but things look pretty promising
Attached Image (click to enlarge)
Click to Enlarge Name: Equ sample 2.png Size: 26 KB


This is one of the many way I've been using the indicator, the same thing can be applied to monthly signal but I still need more data. You can also view the equity graph for each currency pair you've opened, see how specific pair reacts to news so on so forth. It has helped me understand and cope with the DD, you're not just seeing negative red all the time, you see its progression. Hope this will help those who are just starting as it did me.
Attached File(s)
File Type: mq4 Equity-Monitor.mq4   30 KB | 460 downloads
  • #10,243
  • Aug 3, 2017 8:20am Aug 3, 2017 8:20am
Quoting nihilist23uk
or maybe,just inc usd pairs or gbp pairs etc see what others think,it was just an issue ive discovered so not thought it through.
No, i will do the list because with some currencies news other pairs are also involved.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #10,244
  • Aug 3, 2017 8:25am Aug 3, 2017 8:25am
Quoting SW6er
I encourage those who trade longer timeframes like weekly or monthly to use an equity graph indicator if you have not already. It helps you collect invaluable data and gives you a much clearer picture regarding DD, what causes it, the optimal time to start the basket etc. There are tons of ways to interpret these graphs Here's one example, I've noticed that on my weekly settings, the DD can be pretty big relative to the profit as shown in the graph below (Now keep in mind that this is a demo account, I could've closed the basket once profit hits...
What are the CCFp settings and time frame for the one that you're reversing?
It takes money to make money.
  • #10,245
  • Aug 3, 2017 8:36am Aug 3, 2017 8:36am
Quoting SW6er
I encourage those who trade longer timeframes like weekly or monthly to use an equity graph indicator if you have not already. It helps you collect invaluable data and gives you a much clearer picture regarding DD, what causes it, the optimal time to start the basket etc. There are tons of ways to interpret these graphs Here's one example, I've noticed that on my weekly settings, the DD can be pretty big relative to the profit as shown in the graph below (Now keep in mind that this is a demo account, I could've closed the basket once profit hits...
I would recommend that you just register your account with FxBlue or MyFxbook.
Both have way more analytic functions than equity/balance.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #10,246
  • Edited 8:52am Aug 3, 2017 8:37am | Edited 8:52am
Quoting Harpy
{quote} What are the CCFp settings and time frame for the one that you're reversing?

  1. GVC
  2. 10080
  3. Lv.2,3,4,5,6 TF,FF,FT
  4. BBSQ H4
  5. Reverse signal
  6. Starting 1st day of week until trades number reaches about 50-10

Quoting FxMadness
{quote} I would recommend that you just register your account with FxBlue or MyFxbook. Both have way more analytic functions than equity/balance.
I have and they are wonderful tools but the ease of having the indicator right there on the terminal did it for me and the graphs are much more detailed in the indicator, you can pinpoint exactly when the equity shift occurs down to the minutes but to each his own
  • #10,247
  • Aug 3, 2017 8:39am Aug 3, 2017 8:39am
Results of AUD pairs...didn't expect too much. Profit-lock set too high.

Results of GBP pairs...expected more. Profit-lock was hit.

Thanks to Embry1

Plan to continue testing Embry1, but will add Fxmadness approach for additional testing.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD Pairs.jpg Size: 108 KB
Click to Enlarge Name: GBP Pairs Outcome.jpg Size: 132 KB
  • #10,248
  • Aug 3, 2017 8:51am Aug 3, 2017 8:51am
Quoting Tx15
Results of AUD pairs...didn't expect too much. Profit-lock set too high. Results of GBP pairs...expected more. Profit-lock was hit. Thanks to Embry1 Plan to continue testing Embry1, but will add Fxmadness approach for additional testing. {image} {image}
Leave me out of it, i do not have an "approach".
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #10,249
  • Aug 3, 2017 8:54am Aug 3, 2017 8:54am
Quoting FxMadness
{quote} FXM_Writer will create an offline chart that is live ! As long as the writer indicator is on your chart it will update the offline chart every x millisecond interval and that is as close as you would get to a combining all pairs due to the complete price difference. There is no other way you can display a eur/usd pair 1.x and a nzd/jpy 88.x as bars on the same chart. FXM-Writer is a bit different from other basket writers because it can handle buy and sells and generate a "really close" actual movement chart.
I have been FX trading in long-term, more like investments than trading. My latest killing was with Turkish Lira. It took a couple of years but the reward was great. That's why I have hardly used mt4 in the past 14 years.

Thanks for all the information, you are making the life of this old man easy. I have a 1.7L Johnnie Walker Blue Label, whenever I see you it is yours.
  • #10,250
  • Aug 3, 2017 8:56am Aug 3, 2017 8:56am
Quoting SW6er
{quote} GVC 10080 Lv.2,3,4,5,6 TF,FF,FT BBSQ H4 Reverse signal Starting 1st day of week until trades number reaches about 50-10 {quote} I have and they are wonderful tools but the ease of having the indicator right there on the terminal did it for me and the graphs are much more detailed in the indicator, you can pinpoint exactly when the equity shift occurs down to the minutes but to each his own
I didn't understand your settings. Can you post a screenshot of the indicator and its settings?
It takes money to make money.
  • #10,251
  • Aug 3, 2017 9:06am Aug 3, 2017 9:06am
Quoting Embry1
Wow did I miss out, not sure what happened. Had two baskets set for GBP 11:00 GMT and neither triggered on two different accounts. Gained some pips on the 08:30 GMT but not sure what happened on the others. Using 37.7.8 beta 17
Embry news us
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 266 KB
  • #10,252
  • Aug 3, 2017 9:09am Aug 3, 2017 9:09am
Quoting FxMadness
{quote} Leave me out of it, i do not have an "approach".
FxMadness are you still running your FXM indie settings using your new FXM calculation set to true?
Truth is like poetry. And most people f*cking hate poetry.
  • #10,253
  • Aug 3, 2017 9:19am Aug 3, 2017 9:19am
Quoting 00ive
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
Hi guys

could any one help with the above problem or should i look for another broker to go live.I have been trying to fix it all week

Thanks in advance
  • #10,254
  • Aug 3, 2017 9:23am Aug 3, 2017 9:23am
Quoting 00ive
{quote} Hi guys could any one help with the above problem or should i look for another broker to go live.I have been trying to fix it all week Thanks in advance
im using uk broker with suffix and have no problem.....So not sure what your issue is but its not a suffix problem.
  • #10,255
  • Aug 3, 2017 9:26am Aug 3, 2017 9:26am
quick usd news filtered basket. thanks to embry

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_6.png Size: 55 KB
  • #10,256
  • Aug 3, 2017 9:30am Aug 3, 2017 9:30am
Quoting kik
{quote} Embry news us {image}
Really glad to see you guys getting good use out of this strategy. It's just so consistent compared to most strategies with this indicator. DD is usually quite low too. This is the only strategy I trade live as well. Only issue is that it's not a 30000 pip a month strategy, but if you can get 200-500 pips a week from this you will get rich real quick

P.S. if anyone DOES make millions with this strategy I fully expect a 25% commission
  • #10,257
  • Aug 3, 2017 9:34am Aug 3, 2017 9:34am
Quoting Embry1
{quote} Really glad to see you guys getting good use out of this strategy. It's just so consistent compared to most strategies with this indicator. DD is usually quite low too. This is the only strategy I trade live as well. Only issue is that it's not a 30000 pip a month strategy, but if you can get 200-500 pips a week from this you will get rich real quick
Hi Embry1,

3 news trades today for me and all winners,Thank you.
If you set your entry time in the ea for when your not awake,do you set a close time,for say 30 min after,or just let it run to t/p or s/l ?
also do you add any other pairs for usd news apart form usd pairs ?
Thanks for your help.
  • #10,258
  • Aug 3, 2017 9:43am Aug 3, 2017 9:43am
Quoting nihilist23uk
{quote} Hi Embry1, 3 news trades today for me and all winners,Thank you. If you set your entry time in the ea for when your not awake,do you set a close time,for say 30 min after,or just let it run to t/p or s/l ? also do you add any other pairs for usd news apart form usd pairs ? Thanks for your help.
I've stopped doing unfiltered baskets unless it's a major event like a bank rate. I had two baskets set for filtered and unfiltered for GBP bank rate and neither triggered was an easy 500 pips to be made. I may start doing an end time as well, it's a good idea for the ones I can't monitor. Typically for my live account I will set a profit lock for the ones I cannot monitor instead of a timer, that way I'll at least take home some profit.
  • #10,259
  • Aug 3, 2017 9:54am Aug 3, 2017 9:54am
Quoting Embry1
{quote} I've stopped doing unfiltered baskets unless it's a major event like a bank rate. I had two baskets set for filtered and unfiltered for GBP bank rate and neither triggered was an easy 500 pips to be made. I may start doing an end time as well, it's a good idea for the ones I can't monitor. Typically for my live account I will set a profit lock for the ones I cannot monitor instead of a timer, that way I'll at least take home some profit.
Embry1, do you recall many posts back when a person had detected a coding error in the original CCpf? This error, as I recall, only impacted time frames less than a month. I have not read anything about the subject since, but I'm curious about your take. If your strategy is performing so well with the error, consider what the results might be with the coding error addressed. Nothing will probably happen, but I can't get the fact out of my mind.
  • #10,260
  • Aug 3, 2017 9:57am Aug 3, 2017 9:57am
Quoting nihilist23uk
{quote} im using uk broker with suffix and have no problem.....So not sure what your issue is but its not a suffix problem.
Hi nihilist23uk

Thanks for the reply i think it may be just as easy to change broker.
Could i ask which broker you use and confirm that you are trading on a live account with no issues?
Also which strategy are you using?

Thanks Again
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