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Attachments: CCFp weekly signals (set and forget basket trading)
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CCFp weekly signals (set and forget basket trading)

  • #13,321
  • May 18, 2018 1:41pm May 18, 2018 1:41pm
Quoting Pippopotamus
{quote} Yohec, will you please explain how you use TrailStop function. Thanks........
I begin locking profit when the basket reaches 300 pips. It locks 80% of the profit, or 240 pips. The next profit lock is at 50 pips more, or 350 pips.

Attached Image


If the pip profit gets near 300 pips but does not reach 300 pips to lock, I will usually close the basket manually before it gets below 200 pips. I would rather take a sure profit than risk losing it all.
  • #13,322
  • May 18, 2018 2:10pm May 18, 2018 2:10pm
Here is a detailed look at the results from my primary baskets opened on Tuesdays. The entries that have a blue box on the "Comments" column means that a second basket was opened that week.

Attached Image (click to enlarge)
Click to Enlarge Name: CCFpPrimary.JPG Size: 130 KB
  • #13,323
  • May 18, 2018 2:13pm May 18, 2018 2:13pm
Here is a look at the results from my Second Baskets:

Attached Image (click to enlarge)
Click to Enlarge Name: CCFpSecond.JPG Size: 118 KB
  • #13,324
  • May 18, 2018 2:17pm May 18, 2018 2:17pm
Nice Work Yohec, have you tested the latest version 40.8?

Thanks,
Game taught me the game. And it didnt spare me the rod while teaching
  • #13,325
  • May 18, 2018 2:30pm May 18, 2018 2:30pm
On Week 19, two second baskets were opened. On Tuesday, the second basket was triggered. Later that day, I manually closed the second basket at 234 pips profit but I left the first basket open. Then the first basket again went down to -500 pips drawdown so I opened another "second" basket on Wednesday. Later that day I closed both baskets. The first basket at -233 pips and the second basket at +233 pips.

On Week 2, I opened a third basket. Since there were only 6 positions, the second basket triggered at -200 pips. When it went down another -200 pips, I opened a third basket. I closed all 3 baskets at the same time when my combined total was positive. The results from Week 2 were:

First basket: 0.05 lots, -236 pips, -$93.04

Second basket: 0.08 lots, -32 pips, -$12.44

Third basket: 0.12 lots, +172 pips, +$188.06

Total: -96 pips, +$82.58

This was the one and only time I opened a third position. I don't believe I will do that again.
  • #13,326
  • May 18, 2018 2:34pm May 18, 2018 2:34pm
And finally, here is a look at the combined weekly results:

Attached Image (click to enlarge)
Click to Enlarge Name: CCFpTotal.JPG Size: 93 KB
  • #13,327
  • May 18, 2018 2:37pm May 18, 2018 2:37pm
Quoting yohec
On Week 19, two second baskets were opened. On Tuesday, the second basket was triggered. Later that day, I manually closed the second basket at 234 pips profit but I left the first basket open. Then the first basket again went down to -500 pips drawdown so I opened another "second" basket on Wednesday. Later that day I closed both baskets. The first basket at -233 pips and the second basket at +233 pips. On Week 2, I opened a third basket. Since there were only 6 positions, the second basket triggered at -200 pips. When it went down another -200...
so your martingaling your basket strategy?
  • #13,328
  • May 18, 2018 2:45pm May 18, 2018 2:45pm
Quoting bojack34
{quote} so your martingaling your basket strategy?
No, it is not Martingale. With Martingale you are throwing money trying to recover a loss.

The way I look at it is that I am trusting the direction of the signal. I am getting a better entry with the second basket.
  • #13,329
  • May 18, 2018 2:52pm May 18, 2018 2:52pm
Quoting yohec
{quote} No, it is not Martingale. With Martingale you are throwing money trying to recover a loss. The way I look at it is that I am trusting the direction of the signal. I am getting a better entry with the second basket.
Do you use a set SL% from the beginning and factor that into your 2nd basket also? For example, you have a 10% SL set for the week.....do you use 33% of your 10% as your SL for your first initial basket and then leave 66% for the 2nd basket? (since you multiply your 2nd basket lot size by 50% compared to your 1st basket lot size).
  • #13,330
  • May 18, 2018 2:58pm May 18, 2018 2:58pm
Quoting ssnijj4r
Nice Work Yohec, have you tested the latest version 40.8? Thanks,
I've been using version 40.3 for some time now. I have not tried any newer versions.
  • #13,331
  • May 18, 2018 3:04pm May 18, 2018 3:04pm
Quoting bojack34
{quote} Do you use a set SL% from the beginning and factor that into your 2nd basket also? For example, you have a 10% SL set for the week.....do you use 33% of your 10% as your SL for your first initial basket and then leave 66% for the 2nd basket? (since you multiply your 2nd basket lot size by 50% compared to your 1st basket lot size).
I only set a 2000 pip "catastrophic" stop loss on all baskets. I have been considering lowering that to 1000 pips.
  • #13,332
  • May 18, 2018 6:35pm May 18, 2018 6:35pm
Quoting yohec
{quote} I also created a simple equity curve (in pips). I can't attach the preset file. I tried "Upload From Device" but it won't take it. I get this message Error: This file type is not supported. {image}
Right click on the file, change name to xxxx.doc or xxxx.txt

Upload, warn the downloaders to revert the file back to xxxx.set

Too easy
It takes a lot for me to IGNORE you, but you can try.
  • #13,333
  • May 18, 2018 7:01pm May 18, 2018 7:01pm
Quoting Erebus
{quote} Right click on the file, change name to xxxx.doc or xxxx.txt Upload, warn the downloaders to revert the file back to xxxx.set Too easy
Thanks for the help.

Here is the preset file for my trading method. You will need to change the trigger level for the Virtual Basket depending on the number of positions as I outlined several posts back.

If you download the file remember to change the file extension to ".set"

Attached File(s)
File Type: txt WeeklyVB.txt   2 KB | 692 downloads
  • #13,334
  • May 19, 2018 1:57am May 19, 2018 1:57am
Quoting yohec
{quote} I only set a 2000 pip "catastrophic" stop loss on all baskets. I have been considering lowering that to 1000 pips.
With more time and forward testing your data will reveal to you what the best average stop loss that you can use for your basket is...

Our AWESOME IMAGINATION is the true holy grail!
  • #13,335
  • May 19, 2018 2:21am May 19, 2018 2:21am
Thanks for all the info everyone. Great to see what other people do though I have a feeling that Mrdfx is ultimately right - we all have to ultimately figure out what settings and trading methodology is right for us individually.

Seeing all this info is a great head start on the process though!
  • #13,336
  • May 19, 2018 2:27am May 19, 2018 2:27am
Quoting bojack34
{quote} Do you use a set SL% from the beginning and factor that into your 2nd basket also? For example, you have a 10% SL set for the week.....do you use 33% of your 10% as your SL for your first initial basket and then leave 66% for the 2nd basket? (since you multiply your 2nd basket lot size by 50% compared to your 1st basket lot size).
Danny:
Its more like what we see that happens during and at the end of the London session... Say during london price is falling... you enter at some point but price continues to go down so then you wait. Then just before london ends you place more trades, usually what you then see is price stall and reverse. So eventually the move up is enough to take care of all trades that are opened. This is something that happens virtually every day.

So in a sense Yuhoc is doing that very thing. Yes it sort of looks like a martingale, there is a flavor cause when he enters with the new RB the lotsizes are slightly greater. But more than anything its based on the observation that at that level the previous basket price move is "exhausted" and the probability of the basket pairs moving back in the desires direction is fairly high.

You cannot dispute this with any other type of logic, his live data clearly shows that it happens and consistently. This is where traders fall short, we have all been taught that many "things" don't work due to win loss ratios, resistance/support areas, etc etc etc. As long as we stick to these "golden" rules we tend not to be creative and opportunities such as what Yohuc is demonstrating will not be seen by many.

Our AWESOME IMAGINATION is the true holy grail!
  • #13,337
  • May 19, 2018 1:51pm May 19, 2018 1:51pm
Quoting ssnijj4r
Nice Work Yohec, have you tested the latest version 40.8? Thanks,
ssnijj4r:
Based on what Yohec is doing with his approach 40.8 won't be any different. 40.8 mainly has the update on the section concerning the filters, which is something that Yohec is not using.
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #13,338
  • May 20, 2018 5:45am May 20, 2018 5:45am
Quoting yohec
Here are the details of my strategy: 1. Open Real Basket on Tuesday at 14:10 GMT. 2. Open Virtual Basket at exactly the same time on Tuesday at 14:10 GMT. The position size for the VB is 50% higher than the position size for the Real Basket. If the position size for the RB is 0.02 lots, then the VB position size is 0.03 lots. If position size for RB is 0.04 lots, then VB position size is 0.06 lots, etc. 3. The trigger for the VB to open real basket is a “big” drawdown. The trigger level depends on the number of positions traded, as follows: # of...
Hi Yohec,

Noticed that your strategy includes VB, but based on the screenshot that you have sharedon your setting, your "UseVirtualBasket" is set to False.

This may be a stupid question but how do you trigger your VB? Using a diff MT4 account?
  • #13,339
  • May 20, 2018 7:59am May 20, 2018 7:59am
Quoting Mingteikg
{quote} Hi Yohec, Noticed that your strategy includes VB, but based on the screenshot that you have sharedon your setting, your "UseVirtualBasket" is set to False. This may be a stupid question but how do you trigger your VB? Using a diff MT4 account?
I open a real basket and a VB at the same time. UseVirtualBasket is set to False in one and True in the other.

I use different accounts for my baskets.
  • #13,340
  • May 20, 2018 11:38am May 20, 2018 11:38am
RESULTS FROM 2017
I would like to show my results during testing of this basket trading. The results will give an idea how I developed my current trading system. Here is a table showing the results for the last 5 months of 2017.

Attached Image (click to enlarge)
Click to Enlarge Name: CCFp_2017a.JPG Size: 82 KB


Note that I have blacked out the result from week 16 which resulted in a big loser. That one is a special case which I will discuss in detail later. The total pips I show of 2595 do not include the losses from week 16.

I had a total of 16 winners and 6 losers during that period in 2017. The column “Min (pips)” shows the lowest point reached while the basket was open. The column “Week (pips)” show the profit or loss when the basket closed.

The first 18 weeks I was opening the basket on Mondays around the London Open. All were real baskets, no VB.
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