CCFp weekly signals (set and forget basket trading)

Tuesday Basket (Using MRDFX's Tuesday Preset)
MT4 EA v51 (Broker: pepperstone)

EA: TP: 10% SL: 8.5%, LotsPerBalance 0.02/500, MaxTrades 8
Indicator: CMSM v19.01 level 4 @ PERIOD_W1

Profit for TODAY: -4.38%

just plain too busy to peak and I FORGOT TO SET THE DANG CLOSE BASKET INPUT!! LOL. So I immediately opened the inputs and set the TIME to 60 minutes to close basket on DD or PROFIT. LOL in my mind I PASTED THE DANG INPUT!! lol.... All is good. its just a matter of time when this will break in our favor. Patience in this case is GOLDEN...

Wednesday HERE WE COME!!

RB triggered a few minutes ago.

Hey you! Good to see you pop in...

Heeey! I have to, from time to time...

Yohec, I am using the indi, set and template from the zip file uploaded on the 6th of April.

is that the same as you are using ?

tks

I think it is accurate. You can compare to what I wrote in post #16,899.

Hi Yohec, can you please tell me how you decide when to close the basket? Sometimes you wait until you have over 100 pips in profit and sometimes you close it at 47 pips. What is your strategy for this.

My second question is about VPS. Are you using it (and if yes, do you use mt4 virtual server) or you just sit in front of your PC every Monday etc ?

Thanks!

Quiet. ...ADP report in about 30 min. may get things moving.

So, when vB opens, the profit curves show the profit changes for open pairs. Once rB kicks in, the profit curves switch to show rB profit changes.



The attached picture shows strength curves. I would like to see the profit changes for opened pairs, instead.
That way, I can predict whether the profit curve of interest or the total profit curve is about to go down, go up or range.
We can even apply the moving average to the curves.

If there is an indicator for this purpose already, never mind.

I do not use a VPS. There is no need to sit in front of your PC. The EA takes care of opening the VB and the RB is the trigger is hit. In case the basket spikes up I have a profit lock set to close the basket in profit. If the basket spikes against me, then I keep track of it and hope it turns in my favor.

Please read my Post #16,899 that explains my exit strategy. I will frequently close my baskets manually if the current profit is better than 2%. As far as yesterday's basket, I saw the basket reach +65 pips gain and then give it back and return to near break even. Then it turned around and went up to +60 pips and then went negative. The 3rd time when it approached +60 pips, I was watching closely, ready to exit the basket if it started going back down. Then I finally closed it for +47 pips, or 1.4%.

It is possible that the basket would have turned around for more than +100 pips, +200 pips, or more. It is also possible that it can go to -200 pips or lower. After I closed my RB, I opened a VB so I could track the basket. As I write this, my original RB would have been about -100 pips lower than when I closed it. It doesn't mean it can't come back for a big profit. The history and my experience with the method show that it is likely that it will come back.

But I have my profit for the week and I'm satisfied. Every one should develop his/her own exit strategy.

One minute before ADP, and about 1 hour after.

Another good day here in Norway...

Let's see if the Fed's interest rate decision moves the basket significantly. Coming up in 4 and half hours.

Nice! How long have you been trading this way?

Nice results!! ...For Magnus in Grenke Chess Classic as well!!

Tis a good Wednesday indeed.

Just my kind of basket and check out the DD!

NO TRADES for Today.

Thursday HERE WE COME..

J

I see you are using the Monday/Wednesday Preset. Perhaps this is the preset we need for these times of ranging??

J

So far it seems so...I'll try to run it tommorrow also, so we'll see...

Getting some positive movement...