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CCFp weekly signals (set and forget basket trading)

  • #10,681
  • Aug 10, 2017 7:58am Aug 10, 2017 7:58am
Something which confuses me is the GMT times for TO. According to my local time zone and calculation TO is 23:00 GMT, but I see many of you setting your TO at 00:00 GMT?

I'm exactly 12hrs behind Tokyo, and 3hrs behind GMT, so for me when Tokyo opens at 08:00 for me its 20:00 which is 23:00 GMT, so why do you guys say TO is 00:00 when it is actually 23:00? I'm confused unless I'm missing something lol.
Truth is like poetry. And most people f*cking hate poetry.
  • #10,682
  • Aug 10, 2017 8:03am Aug 10, 2017 8:03am
Morning Embry1,

If you get a chance, would you take a look at post# 10,644?

Thanks,Gary
  • #10,683
  • Aug 10, 2017 8:04am Aug 10, 2017 8:04am
Quoting mrdfx
Something which confuses me is the GMT times for TO. According to my local time zone and calculation TO is 23:00 GMT, but I see many of you setting your TO at 00:00 GMT? I'm exactly 12hrs behind Tokyo, and 3hrs behind GMT, so for me when Tokyo opens at 08:00 for me its 20:00 which is 23:00 GMT, so why do you guys say TO is 00:00 when it is actually 23:00? I'm confused unless I'm missing something lol.
GMT is GMT,dont look any futher than that.
check http://forex.timezoneconverter.com/ set it to gmt and look at the opening times.forget about about broker time or local time.
  • #10,684
  • Aug 10, 2017 8:06am Aug 10, 2017 8:06am
usd news,out at my 30min cut off,only managed 14.3 pips,how about you Embry1 ?
  • #10,685
  • Aug 10, 2017 8:10am Aug 10, 2017 8:10am
Quoting Tx15
Evening Embry1, I noticed that your daily basket is scheduled to open GMT 07:05. That would be 02:05 my time in Texas, or 5 minutes after the LO. How long do you normally leave the four baskets open to work? Your TP is 2000 pips, but assuming it isn't reached before the NY session opens, do you allow the basket to continue? Thanks for your response, Gary
The 2000 TP was just a placeholder for testing, I am still trying to figure out what a good TP for the basket is since it's only been tested for 2 days. Everything about that basket is still being tested but so far it has had 3 winning results. I'll have more data at the end of next week.

As far as the USD news nihilist, max gain so far is 30 pips but its another slow move. I will leave it open for testing but so far today both red news have been quite underwhelming. Maybe August really is a bad month to trade. Either way, both baskets closed with profit and I made 30 live pips on the GBP so I can't complain, still the most consistent strategy I've found.
  • #10,686
  • Aug 10, 2017 8:14am Aug 10, 2017 8:14am
Quoting Embry1
{quote} The 2000 TP was just a placeholder for testing, I am still trying to figure out what a good TP for the basket is since it's only been tested for 2 days. Everything about that basket is still being tested but so far it has had 3 winning results. I'll have more data at the end of next week. As far as the USD news nihilist, max gain so far is 30 pips but its another slow move. I will leave it open for testing but so far today both red news have been quite underwhelming. Maybe August really is a bad month to trade. Either way, both baskets closed...
If bad days for me mean I do not loose then im a happy bunny.
  • #10,687
  • Aug 10, 2017 8:18am Aug 10, 2017 8:18am
Quoting mrdfx
Something which confuses me is the GMT times for TO. According to my local time zone and calculation TO is 23:00 GMT, but I see many of you setting your TO at 00:00 GMT? I'm exactly 12hrs behind Tokyo, and 3hrs behind GMT, so for me when Tokyo opens at 08:00 for me its 20:00 which is 23:00 GMT, so why do you guys say TO is 00:00 when it is actually 23:00? I'm confused unless I'm missing something lol.
I was told a couple of years ago when I joined FF to do this, set my FFactory time to GMT, which I have and then when you look at https://www.forexfactory.com/market.php it shows the markets with opening times, see below, and I also use EAX which shows all the times so I trust it is correct.
Attached Image
When you are successful perhaps give a thought to others ... Kiva dot org
  • #10,688
  • Aug 10, 2017 8:18am Aug 10, 2017 8:18am
Quoting mrdfx
Something which confuses me is the GMT times for TO. According to my local time zone and calculation TO is 23:00 GMT, but I see many of you setting your TO at 00:00 GMT? I'm exactly 12hrs behind Tokyo, and 3hrs behind GMT, so for me when Tokyo opens at 08:00 for me its 20:00 which is 23:00 GMT, so why do you guys say TO is 00:00 when it is actually 23:00? I'm confused unless I'm missing something lol.
reset..my..computer..after..automatic..update
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  • #10,689
  • Aug 10, 2017 8:22am Aug 10, 2017 8:22am
Stopped it at 40 pips since its so slow today. Not a great day but it sure is hard to lose with this strategy. USD was opened at 12:31 not 12:15 like in the picture, forgot to update that.
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  • #10,690
  • Aug 10, 2017 8:29am Aug 10, 2017 8:29am
Quoting Embry1
Stopped it at 40 pips since its so slow today. Not a great day but it sure is hard to lose with this strategy. USD was opened at 12:31 not 12:15 like in the picture, forgot to update that. {image}
well done,40 pips is 40 pips !
did you end up the usdcad in the basket ?
  • #10,691
  • Aug 10, 2017 8:40am Aug 10, 2017 8:40am
Quoting nihilist23uk
{quote} GMT is GMT,dont look any futher than that. check http://forex.timezoneconverter.com/ set it to gmt and look at the opening times.forget about about broker time or local time.
Thanks, this just confirms what I'm saying about 23:00 is the correct GMT open time for Tokyo.
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Truth is like poetry. And most people f*cking hate poetry.
  • #10,692
  • Aug 10, 2017 8:41am Aug 10, 2017 8:41am
Quoting PayItForward
{quote} I was told a couple of years ago when I joined FF to do this, set my FFactory time to GMT, which I have and then when you look at https://www.forexfactory.com/market.php it shows the markets with opening times, see below, and I also use EAX which shows all the times so I trust it is correct. {image}
Thanks will give it a try.

EDIT: So this is what FF says. According to FF it says 00:00 GMT, but other says differently lol. Well I've been having good results with my 23:10 open time so i'll stick to it.
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Truth is like poetry. And most people f*cking hate poetry.
  • #10,693
  • Aug 10, 2017 8:56am Aug 10, 2017 8:56am
The only reason you would be out is because of summer time which adds an hour to GMT. check day light savings.
Thats why i said,forget everyone else's idea of gmt or broker,use what I have given you and you fall at correct time for ea,which is 11pm gmt.
Summer time in UK for Tokyo open is 00:00 GMT summer time.

A few people are adding 1 hr to Tokyo open to establish a direction before opening basket but seem to still quote Tokyo open which I think is why the confusion happened for you (maybe)
  • #10,694
  • Aug 10, 2017 8:59am Aug 10, 2017 8:59am
Quoting mrdfx
{quote} Thanks will give it a try. EDIT: So this is what FF says. According to FF it says 00:00 GMT, but other says differently lol. Well I've been having good results with my 23:10 open time so i'll stick to it. {image}
Right now it's 14.58 in the UK. GMT + 1 = BST. British Summer Time.
  • #10,695
  • Aug 10, 2017 9:04am Aug 10, 2017 9:04am
Quoting mrdfx
{quote} Thanks will give it a try. EDIT: So this is what FF says. According to FF it says 00:00 GMT, but other says differently lol. Well I've been having good results with my 23:10 open time so i'll stick to it. {image}
Attached Image (click to enlarge)
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When you are successful perhaps give a thought to others ... Kiva dot org
  • #10,696
  • Aug 10, 2017 9:48am Aug 10, 2017 9:48am
Hello,

took the template embryl shared yesterday for a spin, the result is impressive.
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  • #10,697
  • Edited 11:46am Aug 10, 2017 9:56am | Edited 11:46am
Payit and Mrdfx i agree that this little confusion about time happens only with Tokyo
Guys i know i got also confused for a while about this, however Tokyo Opens at 11gmt
for one simple reason .... All Markets of the world start to work at 8am LOCAL Time and Tokyo is no different
.. Someone said that it is true that Tokyo opens at 11gmt / (23:00_gmt same thing), however
as Tokyo is Major Asian financial center all the action starts from one hour after at 00:00 Gmt

A few websites will say that TOKYO opens at 00:00 Gmt which is 1am in UK and as Tokyo is +9gmt
it means that Japanese start work at 9am the LOCAL Time rather anyone else at 8am ?

FF website
if it is set at our LOCAL Time (with Dst on) it will says that TOKYO opens at 01:00 (Uk Time and 00:00 Gmt time)
if it is set at Gmt time (1 hour less) (Dst Off), then it says TOKYO opens at 11gmt and 00:00 UK Time

Now we know that Tokyo opens at THEIR LOCAL Time in Japan at 08:00 and TOKYO is +9 gmt
so if some webs say that Tokyo opens at 00:00 gmt it means Japanese start work at 9am Their Local time ....
but Tokyo opens at 11pm gmt so Japanese Pros start work at 8am Their LOCAL time IN JAPAN

I did email the websites asking to clarify why they use different time settings and from mostly I got no answer
and from a couple of websites the Admin told me to adjust my Dst time, which i got it right anyway ...
By the way if we look at the charts when 11pm Gmt start , we will see that all charts will bounce up or down so it means
Tokyo has just started ... at 8am their Local time
Baby Pips Website use to say that Tokyo starts at 00:00 and now it says Tokyo starts at 23:00 gmt which makes more sense
Attached Image(s) (click to enlarge)
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The arriving better than the arrival, the journey has just started
  • #10,698
  • Aug 10, 2017 10:00am Aug 10, 2017 10:00am
Quoting hardeybollah
Hello, took the template embryl shared yesterday for a spin, the result is impressive. {image}
Glad to see that, I didn't get a chance to run it for TO but I would probably set it for 00:05. I'll try it out tonight.
  • #10,699
  • Aug 10, 2017 10:00am Aug 10, 2017 10:00am
Quoting xmess7
Beta 29 and updated v37.7.7 http://xm7.info/ea/ccfp_weekly/ Folks: Several bug fixes on these. 1. DailyClose hour had an issue and would not close the basket at the indicated hour. There was a mixup in the code that would set IgnoreAllCloseHour=true. FIXED 2. "Hours vBasket remains operating" was not working. Turns out I had switched the current time with the vbasket trigger time. Fixed 3. "Show Max Min vBasket Pip Gains" when set true did nothing. Sorry about, I had the code in place but it was commented out. Fixed I recommend everyone...
Helli xmess7, i think you didn't read my post. If you read it, it is a nice suggestion.
https://www.forexfactory.com/showthr...0#post10173150
  • #10,700
  • Aug 10, 2017 10:06am Aug 10, 2017 10:06am
Quoting Embry1
Stopped it at 40 pips since its so slow today. Not a great day but it sure is hard to lose with this strategy. USD was opened at 12:31 not 12:15 like in the picture, forgot to update that. {image}

but Your daily template 1m after news...
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