just screenshot from pepperstone mt4, is everyone here seeing the same thing?
can anyone compare is it the same with your mention broker?
CCFp weekly signals (set and forget basket trading)
- #15,802
- Nov 27, 2018 11:01pm Nov 27, 2018 11:01pm
- Joined Nov 2008 | Status: Trader | 4,830 Posts
Our AWESOME IMAGINATION is the true holy grail!
- #15,807
- Nov 28, 2018 7:19am Nov 28, 2018 7:19am
- Joined May 2017 | Status: Trader | 3,881 Posts
Tuesday 14:00 GMT basket hit TP, that's 3 weeks in a row. 
It did take a while, a little over 10 hrs to hit profit and the DD was the highest its been the last 3 weeks.
Today's Wednesday basket did not trigger so no trade today either.
On to Monday we go!
It did take a while, a little over 10 hrs to hit profit and the DD was the highest its been the last 3 weeks.
Today's Wednesday basket did not trigger so no trade today either.
On to Monday we go!
Truth is like poetry. And most people f*cking hate poetry.
- #15,808
- Nov 28, 2018 8:55am Nov 28, 2018 8:55am
- Joined Nov 2008 | Status: Trader | 4,830 Posts
Our AWESOME IMAGINATION is the true holy grail!
- #15,810
- Nov 28, 2018 10:46am Nov 28, 2018 10:46am
Tuesday 14:00 GMT basket hit TP, that's 3 weeks in a row.
- #15,812
- Nov 28, 2018 2:08pm Nov 28, 2018 2:08pm
- Joined Nov 2008 | Status: Trader | 4,830 Posts
Our AWESOME IMAGINATION is the true holy grail!
- #15,813
- Nov 28, 2018 8:31pm Nov 28, 2018 8:31pm
{quote} Tim, you and I have similar methods for closing baskets. More often than not, I will close my baskets manually. If I only have 1 basket running, I will start watching it closely after profit reaches 200 pips. Once the profit reaches 240 pips, I have my finger on the “Close Basket” button ready to go. I am perfectly happy closing with more than 200 pip profit. This week and the previous 3 weeks, I have closed my basket in profit within hours. My Trail Stop setting of 300 pips is mainly for high impact news events from Europe that usually...
Hi Hec, After some DD Tuesday and Wednesday it finally hit TP after FED News Wednesday - three strikes in a row and cash in the pocket - great man
!!. However I almost closed the basket with a loss just before the news but I did not.Why did I not closed it ? The DD was too high and I did not expect huge news, and I alwayes have 50/50 chance that it will go in the right direction, which it did in this case, and if it went the wrong way then basket No. two will do its job and close in profit ( I hoped so). Did you close your basket before the FED news ???
When I see your stat from the first 20 weeks in 2018 - there are two/three times with huge DD 700-900 pips can you remember if this was news or just ''normal'' DD ? Can you elaborate how you manage your open basket around News.
Thank you for sharing your knowledge
Tim
{quote} Hi Hec, After some DD Tuesday and Wednesday it finally hit TP after FED News Wednesday - three strikes in a row and cash in the pocket - great man
I don’t do anything different around major news events, other than watch the basket closely. If the basket makes a big move in my favor, I will be prepared to close the basket if I am in significant profit, as happened today. If the news goes against me, there is a chance that my second basket will trigger. From what you write, it sounds like you are doing the same thing.
I have learned to trust the system to recover from big DD. I have been trading this system for 16 months and only 2 times have I finished the week in big drawdown. Only 2 times out of 66 weeks did the baskets not recover from a big drawdown. I like the odds.
I am organizing my data to analyze my yearly statistics. So far, I have 36 wins, 6 losses, and 4 break even weeks.
- #15,815
- Nov 28, 2018 10:19pm Nov 28, 2018 10:19pm
- Joined Nov 2008 | Status: Trader | 4,830 Posts
{quote} ...... I have learned to trust the system to recover from big DD. I have been trading this system for 16 months and only 2 times have I finished the week in big drawdown. Only 2 times out of 66 weeks did the baskets not recover from a big drawdown. I like the odds. I am organizing my data to analyze my yearly statistics. So far, I have 36 wins, 6 losses, and 4 break even weeks.
Great to see the master in action!
Jess
Our AWESOME IMAGINATION is the true holy grail!
- #15,816
- Nov 29, 2018 1:40am Nov 29, 2018 1:40am
[quote=yohec;11746999]{quote}. I have learned to trust the system to recover from big DD. I have been trading this system for 16 months and only 2 times have I finished the week in big drawdown. Only 2 times out of 66 weeks did the baskets not recover from a big drawdown. I like the odds.
I totally agree with you - and I don't fear at all if basket two is triggered. Some saying it is a risky way to trade, perhaps, but your stat tells it all and it helps me when the basket turns into DD.
Thank you again.
Tim
I totally agree with you - and I don't fear at all if basket two is triggered. Some saying it is a risky way to trade, perhaps, but your stat tells it all and it helps me when the basket turns into DD.
Thank you again
.Tim
I totally agree with you - and I don't fear at all if basket two is triggered. Some saying it is a risky way to trade, perhaps, but your stat tells it all and it helps me when the basket turns into DD. Thank you again
I just wanted to let you know about something else I do. I always open a VB on Monday 15:10 GMT, just so I can observe what the basket does the day before it opens. If the basket goes into big DD, I will allow it to trigger a RB before Tuesday morning. I use the same trigger settings as the ones for a second basket.
So far this year, a RB has triggered 10 times before the Tuesday opening, resulting in 7 wins, 1 loss, and 2 breakeven.