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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)

  • #14,141
  • Aug 31, 2018 5:51am Aug 31, 2018 5:51am
Stopped at +192
Vincit qui se vincit.
  • #14,142
  • Aug 31, 2018 6:04am Aug 31, 2018 6:04am
So, at one point the neg. triggered basket was up about 275 pips of which 192 were taken, nearly 70% of excursion...
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Vincit qui se vincit.
  • #14,143
  • Aug 31, 2018 10:25am Aug 31, 2018 10:25am
Quoting mrdfx
{quote} When I first started testing this strategy last year, I tested hundreds of different combinations of settings an opening times etc. I tested from Frankfurt open to London open to NY open, and variations of each GMT time, and 09:00 GMT had the best results overall compared to other opening times. I know xmess7 used to open at 11:00 GMT which also had good success, but personally 09:00 GMT had the most consistent results for me.
Im sorry Im bothering with this but Im a bit confused. If I understand this clock correct you open 1 hour after London open? 9 gmt is 10.00 at london?

But I guess it doesnt matter as long as I have setup basket open at 9.00 gmt right? Or the brokers clock messes with this?
Anything above the line is an uptrend, below the line is a downtrend.
  • #14,144
  • Aug 31, 2018 12:21pm Aug 31, 2018 12:21pm
Quoting Degolep
{quote} Im sorry Im bothering with this but Im a bit confused. If I understand this clock correct you open 1 hour after London open? 9 gmt is 10.00 at london? But I guess it doesnt matter as long as I have setup basket open at 9.00 gmt right? Or the brokers clock messes with this?
09:00GMT is 2 hrs ahead of LO, and whatever time you set it irrelevant to broker time as the broker time is not used for the EA time.

The only time you need to make adjustments is during the day light savings switch, and then make the necessary changes.
Truth is like poetry. And most people f*cking hate poetry.
  • #14,145
  • Aug 31, 2018 1:52pm Aug 31, 2018 1:52pm
Hi traders, I have a question about this and I was hoping someone would be able to assist. Does this automatically place the trades throughout the day? If so my current setting doesn’t place the trades once the first set of trades are place once the basket is opened. Can anyone explain why this is the case? Thanks in advance.
  • #14,146
  • Edited 2:37pm Aug 31, 2018 2:22pm | Edited 2:37pm
Quoting mrdfx
{quote} 09:00GMT is 2 hrs ahead of LO, and whatever time you set it irrelevant to broker time as the broker time is not used for the EA time. The only time you need to make adjustments is during the day light savings switch, and then make the necessary changes.
Ok so I just setup 9.00GMT and I will have same entry as you?

Can I just ask what is so special that you open on Mondays? Did you try other days?

@xmess7 do you have stats on how many Wednesdays were profitable?

P.S. I am joining the monday train.
Anything above the line is an uptrend, below the line is a downtrend.
  • #14,147
  • Aug 31, 2018 2:49pm Aug 31, 2018 2:49pm
Quoting Degolep
{quote} Ok so I just setup 9.00GMT and I will have same entry as you? Can I just ask what is so special that you open on Mondays? Did you try other days? @xmess7 do you have stats on how many Wednesdays were profitable? P.S. I am joining the monday train.
Hi Degolep,

This is really wild. I jumped in on Wednesday by mistake and got 1000 pips for a single day.

I say any day to enter but earlier be better.
  • #14,148
  • Aug 31, 2018 9:30pm Aug 31, 2018 9:30pm
Quoting Boybusiness
Hi traders, I have a question about this and I was hoping someone would be able to assist. Does this automatically place the trades throughout the day? If so my current setting doesn’t place the trades once the first set of trades are place once the basket is opened. Can anyone explain why this is the case? Thanks in advance.

Boybusiness:
I'll answer your question first and then add some background..
Yes the EA places the trades automatically that are called out by the indicator. But it depends on how you enter you HOUR or HOURS that will determine if the EA opens a basket of trades once or all along during the day. In the Open GMT HOUR input if you place say 11:45 then at 11:45 GMT the EA will open a basket... then from then on the EA will track the profit .. But if you enter 11:45-20:30, Then the EA will be looking to open trades between those two GMT hours. At 11:45 it will open all the pairs that are listed by the indicator and then from then on, depending on what you selected later on, it will either look for NEW trades that the indicator lists or it will flip trades on the real basket if the indicator shows a flip in direction, etc etc etc.

In order for you to understand how this works. Read pg 1. Understand the initial approach, which was open 1 basket at 1 hour on 1 day per week. Then get one of the trade sets we are currently using.. Mine, MRDfx, pippo and just let the EA do its work. Pick the one that suites you and also play around with the lotsize until you find the percentages for TP/SL you feel comfortable with. That will get you started and as you see how it works then you can place around with the other features such as trail stop (there are two types). ATR stoploss, 3 Candel Filters etc etc etc.


So with that said, let me explain the following as breif as possiblle (LOL)....

The original idea:
1. Open a basket of trades (as called out by the ccfp-diff indicator) at an X hour
2. Let basket either hit TP or SL
3. If basket is still open on Friday then close 1 hr before Market close.

So basically you open a basket ONCE A WEEK.

Now as time went on and I decided to participate with an automated approach... member started to place suggestions..
So then now we have trade modes.

1. weekly: Set the hour and day that you want the basket to open. (1 basket per week)
2. Daily: set the hour that you want the EA to open a basket EACH DAY (1 basket per day)
3. Montly: set the hour and the day of the month you want the EA to open a basket. (1 basket per month)

And of course more features got slowly added ... Like filter by day. Basket Trailing stop (two types, regular trail stop and percentage of profit)
ATR stoploss, virtual basket (that is have EA act as if it opened and keep track of a basket of pairs, then use trigger levels to open a real basket, think of this as a STOP/LIMIT ORDER but instead of one pair you are doing this for a basket of pairs)... Filter trades by 3 candle colors, bbsqueeze, and many other features.....

NOw today we have the CMSM indicator, originally we were using the ccfp-diff(pippo still uses it) but now I think the majority are using the CMSM indicator.

So there you have it in a nutshell...

JEss
Our AWESOME IMAGINATION is the true holy grail!
  • #14,149
  • Edited 10:23pm Aug 31, 2018 10:02pm | Edited 10:23pm
Quoting Degolep
{quote} Ok so I just setup 9.00GMT and I will have same entry as you?
GMT is GMT is GMT. So as you probably now understand the EA sets everything in GMT. So If someone is using 16:00 GMT then you can be assured that when you set your open hour to 16:00 gmt that the EA will open a basket at the same time as the other person indicated. This way there is not confusion due to different broker hours. Now if you still want to speak in broker terms... then the EA has both clocks on display. From that you can tell what your broker's hour is for 16:00 GMT.. HEC you also have your own clock too... so with that you can tell the broker and your hour when it is 16:00 GMT! LOL


Quoting Degolep
{quote} do you have stats on how many Wednesdays were profitable?
DO I HAVE DATA? DO I??!! Well why HECCC YESS!!! LOL.

Here's post where I had my 10th straight wining week.
https://www.forexfactory.com/showthr...31#post9898731
Back then I was only trading 1 day a week. my start time was 11:00GMT and I was using the ccfp-diff indicator.
This first forward testing was started back in late February 2017.

The current forward test (starting around late May 2018 ) involves the use of MRDFX's set file but with a couple of variations, main one being to trade two days of the week. Open a 09:00GMT, using CMSM indicator set to Level 4.
https://www.forexfactory.com/showthr...4#post11419374
You can find all my posts of Monday and Wednesday for each week by using the images under the paper clip.


The premise for the way I control MM was basically from data charts that the EA creates:
HEre are some posts where I show my reasoning. I include Lele27 analysis so you can have an idea of what gave me the ideas of MM and the lotsize's/percentages I currently use:

My weekly impulsive price movement observation:
https://www.forexfactory.com/showthr...05#post9638705
The basket result of that movement: https://www.forexfactory.com/showthr...25#post9639325

Lele27 use of the data that the EA recorded and the observations that were made:
https://www.forexfactory.com/showthr...72#post9622972
Note that at that time we were using the original TP and SL values of 500 and 300 respectively.

Enjoy lol

PS: In the more than 16 weeks only 1 Wednesday has produced a loss and 3 Mondays have produced a loss
Our AWESOME IMAGINATION is the true holy grail!
  • #14,150
  • Aug 31, 2018 10:04pm Aug 31, 2018 10:04pm
Quoting janus64
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
Prudent thing would be to not trade it on Monday. Depends... if you only trade that day then NO TRADE FOR THE WEEK.
If that is the plan then stick to it
Our AWESOME IMAGINATION is the true holy grail!
  • #14,151
  • Aug 31, 2018 10:05pm Aug 31, 2018 10:05pm
Quoting minigan
{quote} 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?
minigan:
Correction, Monthly: trade the DAY user SELECTS for the month.
So you can select the 1st, 3rd, 10th, 28th.... whichever day of the month...


Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #14,152
  • Aug 31, 2018 10:07pm Aug 31, 2018 10:07pm
Quoting Mingteikg
{quote} 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. {image}
Mingteikg:
When I use to use CCFP-DIFF I used the default settings... so they are not really mine but FerruxFX (creator of the EA).

lol
Our AWESOME IMAGINATION is the true holy grail!
  • #14,153
  • Aug 31, 2018 10:18pm Aug 31, 2018 10:18pm
Quoting minigan
{quote} 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
Minigan:
The EA does not open a virtual basket and real basket at the same time. Think of it this way. The virtual basket is like setting up a LIMIT/STOP ORDER for the real basket. So the EA, if you tell it, will open a virtual basket and not until it hits the trigger level you set, will it open a REAL basket.

Now the next part... the 4% represents a trail stop for the basket that I set in the inputs. There are two types of TRAIL STOP on this EA. One that was created by Forexpin Bar (the creator of this approach) and then the regular one. I was testing the "REGULAR" trail stop.

So since I had set the trail stop to 4%, that mean that every time the EA moves 4% it would set a trail stop 4% below that.
at +4% profit, the basket stop loss = 0%
at 8% profit, the basket stoploss = 4%
at 12% profit, the basket stoploss = 8%
at 16% profit, the basket stoploss = 12%
See the pattern? Its just like a regular trail stop, except that instead of a single trade its for a basket.

Consequently that test basket was closed out at 10%. Why 10% and not 12%? This was due to me reloading the EA. I need to have the EA remember these settings. In order to save time in the code the trail stop stuff is self contained. What I mean is that the values are not global (global means that all of the EA knows what they are). So I need to just make the EA remember them, so that way in case you reload the EA or you lose connection and reconnect those values will be known by the EA and not have to be recalculated at lower levels like it happened. No biggy... it still does the job but we'll get that working soon..
Our AWESOME IMAGINATION is the true holy grail!
  • #14,154
  • Sep 1, 2018 2:22am Sep 1, 2018 2:22am
this group was successful.
h1
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  • #14,155
  • Sep 1, 2018 2:51am Sep 1, 2018 2:51am
not traded on Monday, this is a golden rule.
According to experience, it is worth mid-seven to wait until the situation arises.
  • #14,156
  • Sep 1, 2018 4:56am Sep 1, 2018 4:56am
Quoting xmess7
{quote} GMT is GMT is GMT. So as you probably now understand the EA sets everything in GMT. So If someone is using 16:00 GMT then you can be assured that when you set your open hour to 16:00 gmt that the EA will open a basket at the same time as the other person indicated. This way there is not confusion due to different broker hours. Now if you still want to speak in broker terms... then the EA has both clocks on display. From that you can tell what your broker's hour is for 16:00 GMT.. HEC you also have your own clock too... so with that you can...
Great post! Thank you.

But here u used trade level 2 and not 4? https://www.forexfactory.com/attachm...8&d=1535542409

The results of the 16 weeks with only 1 loss is based on TL=2 or 4?


Oh and on Monday is USD and CAD bank holliday so we don't open right? We wait on Wednesday.
Anything above the line is an uptrend, below the line is a downtrend.
  • #14,157
  • Sep 1, 2018 9:02am Sep 1, 2018 9:02am
Quoting Degolep
{quote} Great post! Thank you. But here u used trade level 2 and not 4? https://www.forexfactory.com/attachm...8&d=1535542409 The results of the 16 weeks with only 1 loss is based on TL=2 or 4? Oh and on Monday is USD and CAD bank holliday so we don't open right? We wait on Wednesday.
In that case I was testing and forgot to change the level back to 2. So other than that time.. the rest are based on level 4.


It is always wise to not trade on days or weeks that we all agree and have seen that price will be affected by volume, events, etc.

As for me I am going to continue with one MM consideration. If I don't see within 3 hours any profit? I will manually close the basket..

Oh another thing that I do is what I call SEE PROFIT CLOSE PROFIT. On many occasions when I take a peak and see the basket in profit but it has not reached TP I will close it and call it a day. So on some weeks profit is less due to me doing that.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #14,158
  • Sep 1, 2018 9:04am Sep 1, 2018 9:04am
Quoting tiborf71
this group was successful. h1 {image}
tiborf71:
Not WAS but IS. The key is how you handle MM. The approach and the successful set files are basically done.. all you need to do is adjust lotsize, TP, and SL to your liking and create an MM strategy that will help you for those times of trouble and success will be with you...
J
Our AWESOME IMAGINATION is the true holy grail!
  • #14,159
  • Sep 1, 2018 3:16pm Sep 1, 2018 3:16pm
Quoting xmess7
{quote} tiborf71: Not WAS but IS. The key is how you handle MM. The approach and the successful set files are basically done.. all you need to do is adjust lotsize, TP, and SL to your liking and create an MM strategy that will help you for those times of trouble and success will be with you... J
Great Qoute! do you have any recent images for your progress? also would manually closing the trades when at profits affect the basket like would it close it or mess up?
  • #14,160
  • Sep 1, 2018 6:19pm Sep 1, 2018 6:19pm
Quoting Boybusiness
{quote} Great Qoute! do you have any recent images for your progress? also would manually closing the trades when at profits affect the basket like would it close it or mess up?
Boybusiness: More than a quote it is on my imagination that i create and that has lead me to this reality... Paul Tudor also said if you concentrate on your loses you will be successful... in other words control that side of the trade and the rest (winners) will work themselves out.

Aaahh .... dude i post every week the results of the monday and wednesday EA trades. Been doing this since late may and if u read the post 14149 you can check out the first series of basket trades i started back in feb 2017... 10 strait weeks with no loss... ...

Been doing it and will continue doing it. The mm control is so simple it employs the famous SOYH approach lol. it is virtualy impossible to lose when you are not in the market. Sooo simple... lol
Our AWESOME IMAGINATION is the true holy grail!
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