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  • #341
  • Aug 17, 2017 10:17am Aug 17, 2017 10:17am
Quoting bae67
{quote} I am using a broker in UK (multiple accounts), it does take US citizens and does allow this strategy. I already PMed Xmass about this. He said that it was just not possible since there were a lot of issues he needed to fix with the EA first. This can be done manually, but it will be a pain in the neck and I am not sure how effective it will be manually. With stocks is was just two clicks and I was on both sides of the trades. With FX baskets, there are just too many pairs and this creates problems such as confusion (entering wrong pairs....)....
OK,Im modifying some scripts ive got so i can test .I will try and wait up for CAD news but its 1:30am for me.failing that we would need to wait til weds as thats next red news.
  • #342
  • Aug 17, 2017 10:24am Aug 17, 2017 10:24am
Quoting nihilist23uk
{quote} OK,Im modifying some scripts ive got so i can test .I will try and wait up for CAD news but its 1:30am for me.failing that we would need to wait til weds as thats next red news.
Great, please let me know what will happen. I will be using this with FXMadness' indicator, not just news. Since I am using with FXMadness' indicator, I don't think it is off topic. Right?
Everything in the universe is mathematical including fear and greed.
  • #343
  • Aug 17, 2017 10:37am Aug 17, 2017 10:37am
Quoting bae67
{quote} Great, please let me know what will happen. I will be using this with FXMadness' indicator, not just news. Since I am using with FXMadness' indicator, I don't think it is off topic. Right?
I think its relevant because it may well show what im already aware of,and what FXMadess has already pointed out that trading news with ccfp we do miss some pairs during the selection purpose.Not all pairs will necs appear that we want. So the results may well help the development of the news strategy.
  • #344
  • Aug 17, 2017 10:39am Aug 17, 2017 10:39am
If you guys are looking to hedge news why not just create a filtered basket for the news then another basket with the EA set to reverse pairs? Have them start at the same time or even try to time the peak.
  • #345
  • Aug 17, 2017 10:39am Aug 17, 2017 10:39am
Quoting kbkm
{quote} Hi nihilist can we know the setting of that basket that did not work?
Yeah sure.It was a 10080 setup trading daily on Tokyo open.I will dig out the template when I get back.
  • #346
  • Aug 17, 2017 10:42am Aug 17, 2017 10:42am
Quoting Embry1
If you guys are looking to hedge news why not just create a filtered basket for the news then another basket with the EA set to reverse pairs? Have them start at the same time or even try to time the peak.
Thats a good idea Embry1

But even on filtered baskets we miss a few pairs using ccfp at the moment.I never have all pairs in my basket. We would need a way to get them all in the selection.
  • #347
  • Aug 17, 2017 10:52am Aug 17, 2017 10:52am
Quoting Embry1
If you guys are looking to hedge news why not just create a filtered basket for the news then another basket with the EA set to reverse pairs? Have them start at the same time or even try to time the peak.
I am not sure how to do that as I am new to FX and EA, scripts....

I asked Xmass if he could add another button to the EA to say for example "open opposite basket." This way, it will not only work with news, it will also work with all the baskets we open. Using it will all the baskets we open gives us the option of taking advantage of the huge DD. There are rear cases when the DD is very small and almost equals to the spread, in such case you lose; which is part of doing business. In all other cases you win.
Everything in the universe is mathematical including fear and greed.
  • #348
  • Aug 17, 2017 10:54am Aug 17, 2017 10:54am
Quoting Embry1
If you guys are looking to hedge news why not just create a filtered basket for the news then another basket with the EA set to reverse pairs? Have them start at the same time or even try to time the peak.
it would also make it easier to monitor the positive pip count that way,then switch to the other ea and wait for the draw down to subside before closing.
just wish we could get all the pairs in there.
  • #349
  • Aug 17, 2017 11:01am Aug 17, 2017 11:01am
Quoting bae67
{quote} I am not sure how to do that as I am new to FX and EA, scripts.... I asked Xmass if he could add another button to the EA to say for example "open opposite basket." This way, it will not only work with news, it will also work with all the baskets we open. Using it will all the baskets we open gives us the option of taking advantage of the huge DD. There are rear cases when the DD is very small and almost equals to the spread, in such case you lose; which is part of doing business. In all other cases you win.
Well you guys try it if you wish, it's not my cup of tea for news or any other trading. I'd much rather find consistency with low DD which it seems we are on the right track for having multiple ways of accomplishing this.
  • #350
  • Aug 17, 2017 11:51am Aug 17, 2017 11:51am
Can I ask how many are using the CCfp/FXM with the xmess EA trading on a live account? Perhaps those that are can share their live set ups and we can do our own tests and see how it works out for us.

Why I mention LIVE is that all of us are testing all kinds of multiple set ups on demo accounts, with some set ups looking very promising, but for you to trade a certain set up live it would mean that you're 100% confident in that set up, enough to put real money on the line, and that is where we ultimately want to go right, using a set up or set ups trading on our live account making a daily living.

I really like to see peoples brains and minds working thinking up all kinds of variations of this strategy and its fun to try out other traders sets, but if we can see something that you have already deemed good enough for trading live then lets share.

Below is a set up which I've been trading live for 50 pips a day. The DD varies from day to day but on average it's between -20-50 pips. I'm still fine tuning it and I've got some baskets in semi-final testing which are on my TE, and I may still switch it up as I find ways to modify and tweak to reduce DD, but so far this one is working for me. I will share those baskets over the weekend after I've compiled all the data, but in the mean time this set up works great for me live, and it gets me my 50 pips twice a day 90% of the time.
Attached Image (click to enlarge)
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Truth is like poetry. And most people f*cking hate poetry.
  • #351
  • Aug 17, 2017 11:58am Aug 17, 2017 11:58am
Quoting mrdfx
Can I ask how many are using the CCfp/FXM with the xmess EA trading on a live account? Perhaps those that are can share their live set ups and we can do our own tests and see how it works out for us. Why I mention LIVE is that all of us are testing all kinds of multiple set ups on demo accounts, with some set ups looking very promising, but for you to trade a certain set up live it would mean that you're 100% confident in that set up, enough to put real money on the line, and that is where we ultimately want to go right, using a set up or set ups...
Great share! How long have you been testing this? And what time do you open? The only basket I trade live at the moment is GBP 08:30 GMT filtered news and that has a great success ratio as well. It's in my trade explorer page. For my broker that strategy may be kind of iffy because with 12 pairs I'll probably get 30 pips of DD immediately, but worth a test.
  • #352
  • Aug 17, 2017 12:06pm Aug 17, 2017 12:06pm
Quoting Embry1
{quote} Great share! How long have you been testing this? And what time do you open? The only basket I trade live at the moment is GBP 08:30 GMT filtered news and that has a great success ratio as well. It's in my trade explorer page. For my broker that strategy may be kind of iffy because with 12 pairs I'll probably get 30 pips of DD immediately, but worth a test.
Thanks, well I've been running this particular set up live for approx 2 weeks now, not too long I know, but it's been consistent for me. I open at 23:10 GMT, and 07:10 GMT. I know most of you guys open at 00:10 but I've found that 23:10 works for me.

The only thing I'm working on now is tweaking it to reduce DD. I've got some promising set ups that I may switch with if I see it could reduce the DD while still getting me my 50 pips.

Try use the combine lot set to true in the EA so the duplicate pairs will be added together reducing the number of pairs open.
Truth is like poetry. And most people f*cking hate poetry.
  • #353
  • Aug 17, 2017 12:12pm Aug 17, 2017 12:12pm
Quoting FxMadness
For those having problems with FXM_writer and the singe strength setting... It works for me but it could be that i changed something (i can not remember) so here is my version. {image} {file}
Thank you sir. Just tested and I can confirm that this version fixes Strength settings on offline chart. Cheers
  • #354
  • Aug 17, 2017 12:32pm Aug 17, 2017 12:32pm
Quoting mrdfx
Can I ask how many are using the CCfp/FXM with the xmess EA trading on a live account? Perhaps those that are can share their live set ups and we can do our own tests and see how it works out for us. Why I mention LIVE is that all of us are testing all kinds of multiple set ups on demo accounts, with some set ups looking very promising, but for you to trade a certain set up live it would mean that you're 100% confident in that set up, enough to put real money on the line, and that is where we ultimately want to go right, using a set up or set ups...
Could you share template please?
  • #355
  • Aug 17, 2017 12:35pm Aug 17, 2017 12:35pm
Since I am very visual, as part of my record keeping, I have made a very simple excel sheet. Please feel free to use it.
Attached File(s)
File Type: xls Result.xls   13 KB | 258 downloads
Everything in the universe is mathematical including fear and greed.
  • #356
  • Aug 17, 2017 12:35pm Aug 17, 2017 12:35pm
Quoting bojack34
{quote} Could you share template please?
A template from me wouldn't work as not all data is transferred correctly between Mac (me) and Windows. A template is also not really needed as you can see all the settings on the chart if you check the indicators.
Truth is like poetry. And most people f*cking hate poetry.
  • #357
  • Aug 17, 2017 12:47pm Aug 17, 2017 12:47pm
im looking for an indicator which will show me pip count of short trades and pip count of long trades separately.
Any one seen one.cant seem to find one.
  • #358
  • Aug 17, 2017 1:03pm Aug 17, 2017 1:03pm
Quoting mrdfx
Can I ask how many are using the CCfp/FXM with the xmess EA trading on a live account? Perhaps those that are can share their live set ups and we can do our own tests and see how it works out for us. Why I mention LIVE is that all of us are testing all kinds of multiple set ups on demo accounts, with some set ups looking very promising, but for you to trade a certain set up live it would mean that you're 100% confident in that set up, enough to put real money on the line, and that is where we ultimately want to go right, using a set up or set ups...
I have been using this live prior to this Post 7141 (https://www.forexfactory.com/showthread.php?p=9992958#post9992958) and was my initial starting point for FiftyPipsADay strategy and it still works today, there are loses so it goes without saying use at your own risk. I have been meaning to do an update for the complete strategy so I best do it and post.
When you are successful perhaps give a thought to others ... Kiva dot org
  • #359
  • Aug 17, 2017 1:22pm Aug 17, 2017 1:22pm
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  • #360
  • Aug 17, 2017 1:42pm Aug 17, 2017 1:42pm
#food for thought..happy trading all.
Attached Image
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