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CCFp weekly signals (set and forget basket trading)

  • #14,121
  • Aug 29, 2018 10:21am Aug 29, 2018 10:21am
Wednesday baskets live and demo both hit take profit.
Demo atr based SL/TP, live TP 250 pips SL 300 pips.
V41 is demo.
V37.7.7 is my live account. It is the third profit in a row = 48 Euro.

@ Jess: i see in your pictures that you take 5% take profit, but it is only about 70 - 80 pips?
Do you allways take profit around that pip value? I ask because i worry if my take profit at 250 pips is eventually too large
and i only had luck the last three trades...?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Wednesday Demo V41.JPG Size: 143 KB
Click to Enlarge Name: Wednesday Live V37 7 7.JPG Size: 128 KB
  • #14,122
  • Aug 29, 2018 10:45am Aug 29, 2018 10:45am
Quoting Mingteikg
Hi guys, Food for thought/For discussion: Q1. With trade level of 4.0, lately it has been giving us >10 pairs to trade. How do you manage this? Personally, before the basket opens, I'll manually modify the trade level to a value to only give me up to 6 pairs , so it will be easier to manage. Q2. How do we define how much lots size to use for 6 pairs? Personally, I will use up to 0.09 per pair for up to 6 pairs, for an account size of $600. If it goes negative to $35, ill close the basket. I was able to hit $85+- on Monday. What about you guys?
i used to trade lv 2. with a maximum stop loss of 200 pips and 400 pips for TP. the way i calculate is the amount of money in the account.
lets say 1000 usd. so i want my account to survive strings of losses just in case.
1000 usd.
0.1 lot 200 pips loss is abt -200 dollar. only 5 fives in a row and you are out
0.05 lot 200 pips loss is abt -100 dollar. 10 times in a row loss
0.02...

you adjust your risk how much you are willing to lose each trade.. in this case in terms of cash amount..
  • #14,123
  • Aug 29, 2018 11:31am Aug 29, 2018 11:31am
Quoting thomas1386
Wednesday baskets live and demo both hit take profit. Demo atr based SL/TP, live TP 250 pips SL 300 pips. V41 is demo. V37.7.7 is my live account. It is the third profit in a row = 48 Euro. @ Jess: i see in your pictures that you take 5% take profit, but it is only about 70 - 80 pips? Do you allways take profit around that pip value? I ask because i worry if my take profit at 250 pips is eventually too large and i only had luck the last three trades...? {image} {image}
thomas1386, Can you tell me how you decided on your settings? VB start, and trigger, TP, SL, ProfitLock, Trail Step, etc.? Thanks, Pippo
Vincit qui se vincit.
  • #14,124
  • Aug 29, 2018 3:01pm Aug 29, 2018 3:01pm
Just to share, the Weekly basket is still running with +1600 pips.
Using MrDFX settings (Mon) with Grandess CCFP, and tweaked it to become a weekly basket (instead of a daily)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
  • #14,125
  • Aug 29, 2018 4:02pm Aug 29, 2018 4:02pm
Quoting thomas1386
Wednesday baskets live and demo both hit take profit. Demo atr based SL/TP, live TP 250 pips SL 300 pips. V41 is demo. V37.7.7 is my live account. It is the third profit in a row = 48 Euro. @ Jess: i see in your pictures that you take 5% take profit, but it is only about 70 - 80 pips? Do you allways take profit around that pip value? I ask because i worry if my take profit at 250 pips is eventually too large and i only had luck the last three trades...? {image} {image}
Thomas i use % not pips for my tp and sl.
i set my lotsize as .04 mini lots per $100 of balance or .04/100. So its agressive but as i explained above mm is what will keep the loses low.. i have been forward testing since late may.(go nack to may posts and i and see my starring posts and follow from there). Have only had about 4 losing days in that time. Based on my observations i have discovered how to mimimize the losers. anyway more to come later.
J
Our AWESOME IMAGINATION is the true holy grail!
  • #14,126
  • Aug 29, 2018 6:18pm Aug 29, 2018 6:18pm
Quoting minigan
just sharing today running virtual basket.. too bad mine close profit already but this just crazy.. 1000 pips FF lv 4 running on the same day.. TF lv 4 running 600ish now as speaking running 700ish {image} {image}
I am testing v42 for opening a virtual basket and after triggered a real basket.

In this case I am using the regular basket trail stop. When the profit reaches 4% the trail kicks in... then from then on at every 4% basket increase the stop is moved up. So in the image if basket profit falls to about 12% it will close the basket. So profit locked at 12%. Also notice the pip count? just about to reach 1000 pips

This is just a test but if it continues to show similar results than hmmm... perhaps we have another set file???

J
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp_vb_42.jpg Size: 167 KB
Our AWESOME IMAGINATION is the true holy grail!
  • #14,127
  • Aug 29, 2018 11:25pm Aug 29, 2018 11:25pm
Hello all,

It is bank holiday in US on monday. As I recall it the basket hit SL last time it was a bank holiday (UK) - Anyone have stats on that???

Do you trade Monday or wait to Tuesday or Wednesday - I think I will skip Monday and wait to Wednesday
  • #14,128
  • Aug 30, 2018 1:27am Aug 30, 2018 1:27am
Quoting xmess7
{quote} I am testing v42 for opening a virtual basket and after triggered a real basket. In this case I am using the regular basket trail stop. When the profit reaches 4% the trail kicks in... then from then on at every 4% basket increase the stop is moved up. So in the image if basket profit falls to about 12% it will close the basket. So profit locked at 12%. Also notice the pip count? just about to reach 1000 pips This is just a test but if it continues to show similar results than hmmm... perhaps we have another set file??? J ...
wait let me digest this..

so lets say a real basket is open at 0900 gmt. at the same time the vb basket is also triggered.

the vb basket will open real basket when profit reaches 4%? and trail every 4%?

while the original first basket has been closed? do i get this right?

btw jess.. i was wondering if the color candle option works? i am testing a method that try to eliminate the pair that is contributing minus pips during basket
  • #14,129
  • Aug 30, 2018 4:59am Aug 30, 2018 4:59am
Quoting xmess7
{quote} I am testing v42 for opening a virtual basket and after triggered a real basket. In this case I am using the regular basket trail stop. When the profit reaches 4% the trail kicks in... then from then on at every 4% basket increase the stop is moved up. So in the image if basket profit falls to about 12% it will close the basket. So profit locked at 12%. Also notice the pip count? just about to reach 1000 pips This is just a test but if it continues to show similar results than hmmm... perhaps we have another set file??? J ...

Dear J,

How to enable for monthly trading?
Change the setting from daily to monthly?

Would like to have daily trigger trade (from 1st day till last day of month).
The EA will trigger trade when there is extra suggestion through out the month.


Thank you,
A

  • #14,130
  • Aug 30, 2018 5:01am Aug 30, 2018 5:01am
Quoting Pippopotamus
{quote} thomas1386, Can you tell me how you decided on your settings? VB start, and trigger, TP, SL, ProfitLock, Trail Step, etc.? Thanks, Pippo
Hi Pippo,
as i'm following this thread for a long time now, i've seen many results from many different users using many different settings. I think it was one of your posts where you explained how you set your VB trigger and that you calculate your SL TP value under consideration of the number of pairs in the basket. That made sense to me, so i tried to find out the average number of pips per pair from the users of this thread. I also saw that the trades needed enough room to work out, so i decided to set the stop higher than the takeprofit. My rules now are : i take around 30 pips per pair to calculate my target, the stop is about 20% more. I set the profit lock to half of the stoploss an the vb triger to 10% of the stoploss. The values of profitlock % and step are always 75% and step is the TP value divided by 5. Then i made 4 groups depended on how many pairs are suggested.
Group 1: 1 - 4 pairs - because of the low pair value i take 4x30=120 pips target (the rest like i described above)
Group 2: 5 - 8 pairs - here i calculate 6x30=180 pips target
Group 3: 9 - 12 pairs - the calculation here is 9x30=270 pips target ( i calculate withe the lowest pair number of the group so that the risk doesn't get too high)
Group 4: 13 - 16 pairs - here i calculate 12x30 pips for the target ( i calculate with 1 pair less the smallest number because of the risk)

So that's my idea so far...my setting of 250 pips target and 300 pips stop is a result of uncertainty about the number of suggestet pairs, so i reduced the group 3 settings a little bit...
But with the atr based stoploss and takeprofit function in V41 i will only recalculate the settings for profitlock and vb trigger.
The values i use in the moment are: atr period 5 days, atr stoploss value 0.5 and TP/SL ratio 0.8
The opening time for the basket is 9:00 gmt - i take this time because i see the settings from mrdfx 2 times a week uses this time and it is doing well...
If the monday basket hits SL or TP i will open another one wednesday, otherwise i let it run until friday.

The next thing i think about is, if i should limit the maximum number of trades. I want to trade a maximum of 8 - 10 pairs so i set the trade level in the indicator higher if i get too many suggestions. I will forward test this method and compare it with baskets with more trades.

Another thing to think about is the number of lots to trade. I allways take 0.01 lots so far but i think if i get a small basket with max. 6 pairs i should trade 0.02 lots.

Maybe it is a bit too early for me to go live but i wanted to see if the results from live are the same like from demo. And as long as i am in green, i can go on with my live basket.
  • #14,131
  • Aug 30, 2018 5:50am Aug 30, 2018 5:50am
Quoting Mingteikg
Just to share, the Weekly basket is still running with +1600 pips. Using MrDFX settings (Mon) with Grandess CCFP, and tweaked it to become a weekly basket (instead of a daily) {image}
Mingteikg, your approach is quite interesting. Can you please share?

Cheers,
Steve
  • #14,132
  • Aug 30, 2018 6:42am Aug 30, 2018 6:42am
Quoting Ancient
{quote} Dear J, How to enable for monthly trading? Change the setting from daily to monthly? Would like to have daily trigger trade (from 1st day till last day of month). The EA will trigger trade when there is extra suggestion through out the month. Thank you, A

daily = open daily at specific time (i.e 0900 gmt) and close daily (i.e 23:50 gmt) or friday at 1950 gmt

monthly = open at 1st of each month and close at end of each month.

so you want to trade at daily basis? open basket once everyday or once at begining of each month?
  • #14,133
  • Aug 30, 2018 7:48am Aug 30, 2018 7:48am
Quoting thomas1386
{quote} Hi Pippo, as i'm following this thread for a long time now, i've seen many results from many different users using many different settings. I think it was one of your posts where you explained how you set your VB trigger and that you calculate your SL TP value under consideration of the number of pairs in the basket. That made sense to me, so i tried to find out the average number of pips per pair from the users of this thread. I also saw that the trades needed enough room to work out, so i decided to set the stop higher than the takeprofit....
Thanks, Thomas ...I see you are systematic in your calculations. Yet, I see many values used in them that don't appear to be based on numbers crunching, but rather on intuition. Also, do you see a logic to starting at 09:00, rather than 08:15? Green Pips, Pippo
Vincit qui se vincit.
  • #14,134
  • Aug 30, 2018 7:52am Aug 30, 2018 7:52am
Today's VB seems unlikely to reach trigger value. Will be closed in about 25 min., if it does not.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYproM1.png Size: 76 KB
Vincit qui se vincit.
  • #14,135
  • Aug 31, 2018 1:19am Aug 31, 2018 1:19am
Quoting Mingteikg
Just to share, the Weekly basket is still running with +1600 pips. Using MrDFX settings (Mon) with Grandess CCFP, and tweaked it to become a weekly basket (instead of a daily) {image}
Correction, is using MrDFX settings and Xmess (Jess) CCFP (Sorry Jess!). Currently with +1700 pips

Attached is of Friday. Will target to close it during NYC session.

Forward testing this for a few more weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 43 KB
  • #14,136
  • Aug 31, 2018 3:22am Aug 31, 2018 3:22am
Quoting Pippopotamus
{quote} Thanks, Thomas ...I see you are systematic in your calculations. Yet, I see many values used in them that don't appear to be based on numbers crunching, but rather on intuition. Also, do you see a logic to starting at 09:00, rather than 08:15? Green Pips, Pippo
Hi Pippo,
i take 9:00 gmt because it is the time in mrdfx settings and it seems to work so far. But with the virtual basket 8:15 may also be ok - who knows ?
I saw your wednesday basket was stopped out, i think you stoploss about 103 pips was too small. Wednesday the basket went 150 pips down before going up over 300 pips.
I think the virtual bounce trigger is also a good idea but it had not been thougt through to the end. The VB should adjust the bounce trigger on the way down so you don't have to guess how much it may go down today. Just set the bounce trigger let's say 100 pips and the basket is opened 100pips over its lowest value.
Maybe that could work on days where strong reverses occur. I think about demo testing this with my weekly settings on tuesday and thursday with a fixed negative vb from 300 pips. Maybe i get some results...
  • #14,137
  • Aug 31, 2018 5:26am Aug 31, 2018 5:26am
Quoting thomas1386
{quote} Hi Pippo, i take 9:00 gmt because it is the time in mrdfx settings and it seems to work so far. But with the virtual basket 8:15 may also be ok - who knows ? I saw your wednesday basket was stopped out, i think you stoploss about 103 pips was too small. Wednesday the basket went 150 pips down before going up over 300 pips. I think the virtual bounce trigger is also a good idea but it had not been thougt through to the end. The VB should adjust the bounce trigger on the way down so you don't have to guess how much it may go down today. Just...
Hi Thomas, I normally calculate my SL at 0.8(H1 ATR 350)(number of pairs in RB). TP 1.5(SL). So, you are correct, my SL of 103 pips was too small and should have beer about 130. I have tried using a neg. VB trigger along with the pos., on several occasions. This showed promise. The Neg. trigger was set at 3(pos. trigger value), if I remember correctly. So today's neg. trigger value would be 3(144), 432.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYproM1.png Size: 76 KB
Vincit qui se vincit.
  • #14,138
  • Aug 31, 2018 6:48am Aug 31, 2018 6:48am
If neg. trigger of 432 pips were being used, a RB would now stand opened. SL 232, TP 348, profitlock 209, saving 75%, trailstep 48... This is called,"trying to catch a falling knife," and is not a set-up I particularly care for.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYproM1.png Size: 76 KB
Vincit qui se vincit.
  • #14,139
  • Edited 7:41am Aug 31, 2018 7:30am | Edited 7:41am
Quoting Pippopotamus
If neg. trigger of 432 pips were being used, a RB would now stand opened. SL 232, TP 348, profitlock 209, saving 75%, trailstep 48... This is called,"trying to catch a falling knife," and is not a set-up I particularly care for. {image}
So, in hypothetical basket, profit lock would now be in effect, with about 157 pips saved.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYproM1.png Size: 76 KB
Vincit qui se vincit.
  • #14,140
  • Aug 31, 2018 7:40am Aug 31, 2018 7:40am
1st step taken at -175 pips (+257). Another 36 pips locked for +192.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYproM1.png Size: 75 KB
Vincit qui se vincit.
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