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CCFp weekly signals (set and forget basket trading)

  • #10,261
  • Aug 3, 2017 8:04am Aug 3, 2017 8:04am
Quoting Tx15
{quote} 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.
To me it seems like the indicator is working exactly as intended for these short time frames. I don't recall seeing that post but I don't see how there could be an error with the signals. For my strategy the indicator gives signals exactly the way I would trade news breakouts.
  • #10,262
  • Aug 3, 2017 8:09am Aug 3, 2017 8:09am
Quoting Embry1
{quote} To me it seems like the indicator is working exactly as intended for these short time frames. I don't recall seeing that post but I don't see how there could be an error with the signals. For my strategy the indicator gives signals exactly the way I would trade news breakouts.
Understand...I believe you probably traded the news before FPB thread was started. If I come across the coding error discussion, I will bring it to your attention.

Thanks again for sharing your strategy,
Gary
  • #10,263
  • Aug 3, 2017 8:13am Aug 3, 2017 8:13am
Quoting Tx15
{quote} 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.
I compared the suggestions given by the indie ccfp-diff and with FxM's indie (which was corrected for the issue with the coding (usage of + instead of *)) and both gives the same list of pairs to trade. So I think there should not be a problem there.
  • #10,264
  • Aug 3, 2017 8:25am Aug 3, 2017 8:25am
Quoting Embry1
{quote} Really glad to see you guys getting good use out of this strategy.... P.S. if anyone DOES make millions with this strategy I fully expect a 25% commission
It's promised Embry1
If I ever make a million with your strategy, I'll give you the 25%

And look I'm a woman with word!

So ... I do not even need those steel balls to do this in live acount
  • #10,265
  • Aug 3, 2017 8:27am Aug 3, 2017 8:27am
[quote=00ive;10153125]{quote} 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[/quote

Replied via private message.
  • #10,266
  • Aug 3, 2017 8:35am Aug 3, 2017 8:35am
Quoting kik
{quote} It's promised Embry1 If I ever make a million with your strategy, I'll give you the 25% And look I'm a woman with word! So ... I do not even need those steel balls to do this in live acount
I think that's the best thing about this strategy, it allows people to trade live with low risk and potentially grow their account with proper money management and compounding.
  • #10,267
  • Aug 3, 2017 8:35am Aug 3, 2017 8:35am
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 P.S. if anyone DOES make millions with this strategy I fully expect a 25% commission
Embry1 thanks again for this approach to using the CCFp indicator, I've been having pretty decent success so far, and also trading it live.

I want to ask you if there is any other deciding criteria that you stick to before trading a news release? I know that best high probability are when used for red news, but not all red news has the same effect on price movement as I've seen, so how would you decide between what to trade and what not to trade?

I remember you saying that no news trading after 13:00GMT? Is there anything else? Thanks.
Truth is like poetry. And most people f*cking hate poetry.
  • #10,268
  • Aug 3, 2017 8:39am Aug 3, 2017 8:39am
Quoting Tx15
{quote} 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.
The coding error has got to do only with the MA calculation, so if you are using a TT or FT setting which is not looking at the MA, the trade suggestions won't be affected, so trading for the news with the 60 TT settings is fine and trade suggestions are accurate.
Truth is like poetry. And most people f*cking hate poetry.
  • #10,269
  • Aug 3, 2017 8:42am Aug 3, 2017 8:42am
Quoting mrdfx
{quote} Embry1 thanks again for this approach to using the CCFp indicator, I've been having pretty decent success so far, and also trading it live. I want to ask you is there any deciding criteria that you stick to before trading a news release? I know that best high probability are when used for red news, but not all red news has the same effect on price movement as I've seen, so how would you decide between what to trade and what not to trade? I remember you saying that no news trading after 13:00GMT? Is there anything else? Thanks. ...
In my case, I'm awake at 6am central which is 11:00 GMT so I always watch price movement on any news after that time and that's pretty much the criteria. I treat it as just an easier way to manually trade news. I still trade live before that of course, but those are typically very safe anyway to set the basket for 1 min after release. And the 13:00 GMT is the cutoff for safe trading with the timer, watch the price action after that. For example, I was prepared for the AUD news last night and I didn't like the outcome so I never opened the basket. Today with the USD news at 14:30 showed good price movement and many people profited from that. If you want this strategy to work without having to watch it, I recommend filtered baskets for high impact before 11:00 GMT only.
  • #10,270
  • Aug 3, 2017 8:43am Aug 3, 2017 8:43am
Quoting FxMadness
{quote} Wouldn't you rather have an inclusion list ? Including 7 gbp pairs looks simpler to me than excluding the other 21. With that inclusion list you could create template especially for that currency. When gbp news comes up, load the gbpnews.tpl and only change the start time of the EA. Btw, you should all make more use of templates. If you have set your gbpnews trader chart with a ccfp and xmess7 EA save it as GBPNEWS.tpl. It your news trade it done (tp reached hopeful) you only have to reload the same template for the next gbp news event....
hi..dear..last...ur..settings...is..true?
or..update?
plz...check..
Attached File(s)
File Type: txt fxcm.set.txt   2 KB | 253 downloads
if you my trade,My-post analysis, subscribed to ME
  • #10,271
  • Aug 3, 2017 8:56am Aug 3, 2017 8:56am
Quoting Embry1
{quote} In my case, I'm awake at 6am central which is 11:00 GMT so I always watch price movement on any news after that time and that's pretty much the criteria. I treat it as just an easier way to manually trade news. I still trade live before that of course, but those are typically very safe anyway to set the basket for 1 min after release. And the 13:00 GMT is the cutoff for safe trading with the timer, watch the price action after that. For example, I was prepared for the AUD news last night and I didn't like the outcome so I never opened the...
Thanks a lot for the reply. I think even with only trading high impact red news in the mornings can be very profitable. Set a 100 pips TP and with the amount of news we have throughout the month it can be a nice additional extra income.
Truth is like poetry. And most people f*cking hate poetry.
  • #10,272
  • Aug 3, 2017 8:59am Aug 3, 2017 8:59am
Quoting kbkm
{quote} I compared the suggestions given by the indie ccfp-diff and with FxM's indie (which was corrected for the issue with the coding (usage of + instead of *)) and both gives the same list of pairs to trade. So I think there should not be a problem there.
Hey kbkm, thanks for your input...
  • #10,273
  • Aug 3, 2017 8:59am Aug 3, 2017 8:59am
Quoting kbkm
{quote} I compared the suggestions given by the indie ccfp-diff and with FxM's indie (which was corrected for the issue with the coding (usage of + instead of *)) and both gives the same list of pairs to trade. So I think there should not be a problem there.
Nope, that only happens sometimes.
Most of the time the suggested pairs are different.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #10,274
  • Aug 3, 2017 9:03am Aug 3, 2017 9:03am
Quoting mrdfx
{quote} The coding error has got to do only with the MA calculation, so if you are using a TT or FT setting which is not looking at the MA, the trade suggestions won't be affected, so trading for the news with the 60 TT settings is fine and trade suggestions are accurate.
Thank you mrdfx. Based on what you and kbkm stated, the talk of a coding error is no longer an issue for me. I will move full steam ahead.
  • #10,275
  • Aug 3, 2017 9:05am Aug 3, 2017 9:05am
Quoting mrdfx
{quote} Thanks a lot for the reply. I think even with only trading high impact red news in the mornings can be very profitable. Set a 100 pips TP and with the amount of news we have throughout the month it can be a nice additional extra income.
Well here's a good example of "extra money" based on 200 pips a week with a 100 pip SL per basket.

Of course this is based on netting 200 pips per week or more, essentially 10% account risk per basket. But if we are able to get this consistent enough to where 10% risk per basket is acceptable then this is feasible.
Attached Image (click to enlarge)
Click to Enlarge Name: Extra Money.JPG Size: 374 KB
  • #10,276
  • Aug 3, 2017 9:11am Aug 3, 2017 9:11am
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.
Thank you.
  • #10,277
  • Edited 10:21am Aug 3, 2017 10:08am | Edited 10:21am
@ Embry, With tomorrow having a number of High Impact News releases for both CAD and USD at the same time, would you consider opening 1 CAD Filtered basket, 1 USD Filtered Basket, 1 CAD+USD Filtered basket, 1 Unfiltered basket.........all at the same time? Normally I wouldn't consider all of these at the same time but the HIN that is scheduled to be released are typically big movers and they involve USD. Your thoughts?

EDIT: Also my thoughts on the "best" High Impact News events.....instead of raising your TP in pips maybe you can use those event for compounding and raise your lot size instead.
  • #10,278
  • Aug 3, 2017 10:11am Aug 3, 2017 10:11am
Quoting Embry1
{quote} I don't open my basket for speaker news, just data releases. However once the OpenBasket button is released you can use it for speaker news if you time it right. Basket is 60 TT L1 1/2 every time. Also the S/L and T/P are completely depending upon the news and how much you filter the pairs. Typically for a filtered 6 pair basket I'll do a 100 pip T/P with a 150 S/L. Today I ran an unfiltered basket for the US news which I actually didn't think was going to do well because it was released at 12:30 GMT. It had a decent drawdown but since I...
HI Embry1, I'm a bit confused with your news basket settings, I would appreciate if you could clarify some things. You say that you have MA 1/2 but you are using TT. If you are using TT, the CCFp indicator will use bar instead of MA. I've seen ss of your news baskets that you are actually using TF (quote below), which would make more sense for the MA settings. Also what you mean buy filter/unfiltered baskets. Is it just based on the manual pair selection related to the actual news? Cheers mate.

Quoting Embry1
This is the kind of move you want with my strategy. USD and CAD news at the same time made quite a good move. These pips were less than 10 minutes. {image}
  • #10,279
  • Aug 3, 2017 10:20am Aug 3, 2017 10:20am
Quoting FunCoupons
{quote} HI Embry1, I'm a bit confused with your news basket settings, I would appreciate if you could clarify some things. You say that you have MA 1/2 but you are using TT. If you are using TT, the CCFp indicator will use bar instead of MA. I've seen ss of your news baskets that you are actually using TF (quote below), which would make more sense for the MA settings. Also what you mean buy filter/unfiltered baskets. Is it just based on the manual pair selection related to the actual news? Cheers mate. {quote}
Yeah the MA setting is irrelevant for TT. I just used to post how mine was set up but you can have any figure on the MA setting. I now just post 60 TT and whichever news pairs I'm trading. Filtered means trading only the relevant pairs to the news. Example would be to trade only GBP pairs during GBP news.
  • #10,280
  • Aug 3, 2017 10:23am Aug 3, 2017 10:23am
Quoting FxMadness
{quote} Wouldn't you rather have an inclusion list ? Including 7 gbp pairs looks simpler to me than excluding the other 21. With that inclusion list you could create template especially for that currency. When gbp news comes up, load the gbpnews.tpl and only change the start time of the EA. Btw, you should all make more use of templates. If you have set your gbpnews trader chart with a ccfp and xmess7 EA save it as GBPNEWS.tpl. It your news trade it done (tp reached hopeful) you only have to reload the same template for the next gbp news event....
The EA is programed according to the various request of the users of this thread. When the EA is ever reloaded.. or for that matter loaded for the first time. The globals are processes as follows.

1. On any load(fresh or refresh). Every global is checked for existence. If the global exists then its value is assigned to a corresponding variable.
2. If a global does not exist then there are two possible results
A. The corresponding variable is left alone(It already has an initialized state)
B. or a functiion is used to assign a value to the corresponding variable (ie. Suffixes are collected, gmt offsets etc..)

3. based on overall user request and obvious reasons certain globals are not removed. This depends on the state of the account. If the account has any open baskets globals such as pipcount,Triggerhour etc are not deleted. In addition Users have asked that when all baskets are closed that the values displayed on chart remain intact. Then Of course there are certain globals that do not require to be removed once thet are calculated gmt offsets, suffix array, etc.

That's it in a nutshell for the load, re-load operation.
Be patient you will soon have the code so you can manipulateit as you desire.

You know many of you have suggested that the source be not released since we will have scammers appear and configure it to their purpose to scam a buc. I am not that concerned about that, cause as you have seen if the most important aspect of how to use this tool is not explained the tool simply wont work. Now i know scammers wont care cause once they get their $ they are gone. So after some thinking... i had alot of time on a 8 flight lol. I came up with a scheme. Lol i promise the source will be available but there will be a price (not money) that the user of the code will undergo. A smart coder will do ok and eventually figure something out... but oh how i pitty those scammers.

Lol... or let me express my laughter like this:
Muuuaaahhhaa (as I rub my hands in anticipation)
Our AWESOME IMAGINATION is the true holy grail!
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