CCFp weekly signals (set and forget basket trading)

Quoting xmess7

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{quote} joevanelly: you tempt me... since this project started back on Jan 2017, I was already considering adding a news filter option. But man dude!! I am so close to finishing this ... I am just waiting to get news of the last upgrade and 40.8 will be released and with that the vanilla version and I am done with this project. If I add the news option then that creates a whole lot of twisted programming lol.. The implementation is not hard, that can be done in a flash. Its the debugging that will not only kill us but make us age beyond your youth...

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Quoting thor68

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{quote} Adding to Jess's answer, things like a news filter should be put in the indicator that recommends which pairs to trade. That is where it should be done. The EA's purpose is to manage the basket once its already created. At its core, its a basket manager once the pairs are known. A news filter is to filter out the pairs thru not allowing the pairs to show up in the first stage. Also, the original TF for this thread is the weekly TF where news events are ignored or would be managed manually by user.

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Quoting mrdfx

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{quote} Thanks Jess, yes next week I'll be setting a 5% TP for the week, with a 7-10% SL. I've been monitoring for weeks already, and most weeks 5% should be achievable. These weeks of testing has been to find the sweet spot in the CMSM settings and gauge the highs and lows of the week. It's easy to get distracted by the large number of pips it can make, and then get greedy to try catch the most pips, but if this can make me 5% per week, that's 20% pm which is a very good monthly profit. Slow and steady profits compounded.

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Quoting Pippopotamus

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{quote} Yes, Of course if 2 filters are good, 10 filters must be 5 times better.. Great Idea jova, please keep them coming. Sounds delicious jess, doesn't it!!!! I understand your salivation... more than you know. ...Perhaps, just perhaps, this issue with EA should be fixed before the next brilliant idea is added:how does VB total reach 121 pips when trigger value is 81 pips? Jova? Anybody?? Jess, please don't waste your time fixing this little bug before adding jova's brilliant idea to EA. ....Oh, BTW, the NFP news report sent the RB into profit...

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Quoting mrdfx

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IMO we should not over complicate the EA more than it already is, we should remember what the actual purpose of the EA is, its a trade manager for the CCFp signals. Adding a news filter and on and on will just make things more complicated and give extra work to Jess. We already have a great tool if you know how to use it. Remember the original strategy is a weekly set and forget so having a news filter moves away from that. If there is news during the week that could affect your trades then set the appropriate measures in place to protect your trades...

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Quoting joevanelly

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{quote} Thanks mate.....the basket feature is soo good that am sure poeple have other trading strategy with the system.......so am ot soo much of a weekly trader............more of daily

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Quoting Pippopotamus

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Will be testing v40.71 this week. This has the fix for v40.70's TS/ProfitLock problems. 1st time testing v40.71. v40.70 appeared to be getting most things right... {image}

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Quoting xmess7

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{quote} joevanelly: The EA provides an input where you can designate the days that it trades or doesn't. If you think that news is a factor then look at the news calendar at the beginning of the week and then remove those day's that you think are an issue from the list of trading days. By avoiding the day(s) you avoid the potential problem. J In reality if you guys think that news is a factor then look at the news calendar at the beginning of the week and then remove those day's that you think are an issue from the list of trading days. By avoiding...

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Quoting Tx15

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Hey Jess, Almost to the finish line...thanks to your coding skills, stamina, and patience. When the final EA is presented, I hope at that point and time, you will choose to trade the EA and post to this thread. That would be really cool. Thanks again to a long time follower, Gary

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Quoting Pippopotamus

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Today we were stopped out, -72 pips. EA worked just as it should... {image}

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Quoting bojack34

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{quote} How come you set your SL to 72 pips? It was only 0.07% of your account. Also, I thought the indicator being used now was the Grandavus indicator and not the CCFp. Sorry, I haven't been following the thread as closely as I used to.

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Quoting ukkometto

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{quote} He seems to be using 9 pips per pair for the VB trigger and 18 pips per pair as his stoploss (2x vb trigger, basically what would have been vb trigger in opposite direction). You should never arbitrarily risk x% of account for the sake of having a larger stoploss.

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Quoting Pippopotamus

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{quote} The average H1 ATR350 of all the pairs I watch is just about 18 pips. 0.50(H1 ATR350)(pairs in VB)= trigger value. Today's basket: 0.50(18)(4)=36. SL= 2(trigger). 2(36)= 72. TP= 1.33(SL). 1.33(72)= 96. BeginLockingProfit value= SL. BLP= 72. LockPercentLevel= 75. LockStep= 3pips(pairs in RB) 3(4)= 12. Chart shown is from demo acct. I trade a small live acct at 0.01 lots/trade. Demo lot size at 0.01 just to be consistent.

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