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CCFp weekly signals (set and forget basket trading)

  • #19,401
  • Sep 9, 2020 9:21am Sep 9, 2020 9:21am
Quoting grandaevus
{quote} Hi mrcubl, I use default settings with the recommended period multiplier for the selected time frame that i wrote in the CMSM ver17.02 post.
Hi grandaevus, it is great to see you here in this thread. I have been using your indicator, both v17.02 & v21.05. Thanks for your hardwork.

grandaevus, can you talk a little more about the Trade Level setting? How high this Trade Level can go? Most are using Level 2, is there a Maximum & Minimum Trade Level? And in your view, what are the reasonable value one should set for the Trade Level of your great indicator, using along with the EA by Jess?

I hope how busy you are. Once again, grandaevus, many thanks for your indicator, and I hope to get some insights and sharing from you on above mentioned topic for better trading.

With Respect,
Bill
  • #19,402
  • Sep 9, 2020 9:33am Sep 9, 2020 9:33am
Quoting mrdfx
Today my daily preset hit SL for the first time since I shared it publicly. Guys this is to be expected, its impossible to win everyday and some times there will be losses, but overall long term you will see the month close in profit. Also the EA will not trade everyday if the VB trigger is not reached meaning the suggested basket of pairs had low volatility and momentum or the market was going opposite of the suggested directions. This is normal and will happen sometimes. Like I say its better to stay out of the market if there is nothing good...
  • #19,403
  • Sep 9, 2020 9:53am Sep 9, 2020 9:53am
Quoting chandana47
mrdfx tested and got the best results from 17.02v with default settings so we should wait for him or conduct a new test on grandaevus's new weight values!
Or you can conduct your own forward test
  • #19,404
  • Sep 9, 2020 10:04am Sep 9, 2020 10:04am
Quoting Ilvez
Interesting pre-marekt observations: it seems v89 and v91 are opening Virtual Baskets on timer just fine when there is only one opening time. Also, perhaps the consistent errors what I observed with multiple basket open hours are simply down to basket time separator. Settings proposed to use comma between different times and this has been causing consisten errors of not opening baskets. This morning I tried semicolon instead, and first VB were opened in v89 and v91 without any problems. It looks promising. Now will test if the multiple open hours...
Ilvez:

That you have it working with a ";" is amazing LOL..

In the code,, only the "," is accepted as the separator. I do try to detect WHAT the user typed but MQ4 is limited in string interpretation (no regular expressions like in other platforms), but it seems that the ";" escapes the detections that in place.

Good luck

As for the separate hours thing....

When u designate a list of hours separated by commas the EA creates an array(list) of the hours.

The EA then cycles thru the list of open hours and before doing anything determines between which hours it is and from that determines if the open hour you listed is the adequate time. In this case if a basket is already opened the next hour is skipped. Only when there is no open vbasket or real basket is when the following hour is looked at for opening either a vBasket or Basket.

This feature was tested but the users that started the testing disappeared and since many of use do use it, no further testing was conducted.
Looks like YOU ARE IT LOL..

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #19,405
  • Sep 9, 2020 10:07am Sep 9, 2020 10:07am
Quoting Ilvez
BBSqueeze feature request: would it be possible for user to define total channel width of the standard deviation channels for BBSqueeze filter? At the moment BBSqz is too much of a black box but I think it can really add value to filter out trades in potential market consolidation before breakout. Been testing BBSqz and it now filters deals out the way which does not make sense for me when looking at the charts with BB indicators. Anyone else would see value of this?
To say the truth not much has been done with the bbsqueeze. Its something that was introduced by I believe GVC.

https://www.forexfactory.com/thread/...58#post9974158

I don't even know what inputs that indicator has...

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #19,406
  • Sep 9, 2020 10:12am Sep 9, 2020 10:12am
Quoting chandana47
Today basket hit the SL!
you know why right?

I too woke up before the NY open and I saw the future were up.
Plus on the GBPUSD (my fav pair to trade) their was an impulsive long candle plus I saw a long bullish engulfment on 1H. These are usually the hours when the "stop hunting" is done and the "market maker traders" allow the trades to move in the direction they want. There were similar things going on with NZDUSD and EURUSD..(I was sleepy only peaked at those two LOL).

So when I saw these things I closed my own trades and avoided the turn around.

BTW I have been testing ccfp v91. -3% SL hit today. First SL hit since I started to test it last Thrusday.

Interesting thing is that the basket was already down -2% when I woke... whereas in the previous last 5 days I would either see it in profit or with a small SL like -0.1%. So next time this happens I am going to see if the basket setup gives a warning sign LOL.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #19,407
  • Sep 9, 2020 10:14am Sep 9, 2020 10:14am
Quoting Ilvez
Guys, what do you think about this setting? {image} I am using it together with this setting enabled: {image} Basically new deals are added to RB, if they pass VB filter AND show any positive profit > 0. I proposed Jess to add option for user to set positive pips threshold for single pair BEFORE new pair is added to basket. Only being above 0 is too optimistic. it should not be too complicated. Cheers and green pips!
Ilvez:
I believe that option you are asking for is already available. I remember adding that so it would be flexible and the user could select a higher value that 0.

J
Our AWESOME IMAGINATION is the true holy grail!
  • #19,408
  • Sep 9, 2020 10:21am Sep 9, 2020 10:21am
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  • #19,409
  • Sep 9, 2020 10:26am Sep 9, 2020 10:26am
Hey guys I recommend not to dwell too much or put any importance on whether you hit SL or hit TP.
Just report it as is. Remember when you breathe you breath IN and OUT. In with O2 out with C02.
Same thing with Trading... When you trade you hit TP and you hit SL..
In both cased the right amounts of each is gained and released.

So with that said I will start posting my results. I started testing v91 back on Thursday last week (5 days ago).

I traded even on Friday (which is usually the day that was not to be traded).
My basket was as high as 13% and after today's SL ended up with 10%.

10% for 5 days is typical. I say typical cause I expect more.. why do I expect more? Cause since all this started to work I been trying to get the SL on the CCFP basket DOWN from some of the Stops that have been used. I am using MRdfx's preset with a couple of simple tweaks.

My goal is to get the SL down to -1% and have results like 1:2-1:3 ratio. This way we can afford to lose a couple of times and still in the long run end up in profit.

If this was a live account and I was still using -3% SL, then in that case I would stop trading for the rest of the week.

Lets see what the market allows me to do going forward. MY plan is to get as close as I can to -1% SL or have greater probability of gaining the LEAST 1:2 ratio.

so here is my first image... SL hit -3% LOL
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Our AWESOME IMAGINATION is the true holy grail!
  • #19,410
  • Sep 9, 2020 10:27am Sep 9, 2020 10:27am
Thanks for your years long work! If I may ask how many real baskets were opened by your EA since 20th of August. Are you allowing EA to trade Fridays?

Thanks!

Quoting mrdfx
Today my daily preset hit SL for the first time since I shared it publicly. Guys this is to be expected, its impossible to win everyday and some times there will be losses, but overall long term you will see the month close in profit.
  • #19,411
  • Sep 9, 2020 11:10am Sep 9, 2020 11:10am
Many thanks!

Pip Threshold?

Attached Image


Quoting xmess7
{quote} Ilvez: I believe that option you are asking for is already available. I remember adding that so it would be flexible and the user could select a higher value that 0. J
  • #19,412
  • Sep 9, 2020 11:15am Sep 9, 2020 11:15am
Aha...so I am the lucky crash test dummy

Well, the report is that multiple Open Hours feature does not work as intended. It mostly just skips opening 1st VB and displays next VB open time.

So I would appreciate very much if you could look into what can cause it.

There was a day when after assessing market I managed to net 150pips with 2 consequitive runs within few hours, second run I triggered manually.

Cheers!

Quoting xmess7
{quote} Ilvez: That you have it working with a ";" is amazing LOL.. In the code,, only the "," is accepted as the separator. I do try to detect WHAT the user typed but MQ4 is limited in string interpretation (no regular expressions like in other platforms), but it seems that the ";" escapes the detections that in place. Good luck As for the separate hours thing.... When u designate a list of hours separated by commas the EA creates an array(list) of the hours. The EA then cycles thru the list of open hours and before doing anything determines between...
  • #19,413
  • Sep 9, 2020 5:06pm Sep 9, 2020 5:06pm
sorry for the noon question, for the daily settings, does the 'reset' button have to be pressed every night to allow a trade the next morning? I'm using v76 of the EA,

thanks, blam
  • #19,414
  • Sep 10, 2020 1:42am Sep 10, 2020 1:42am
Very much agree on this, hitting SL levels is part of the game. I would actually suggest not reporting results on daily basis as this does not give too much info to analyse. Rather post weekly summary in the form of simple table with trade date, risk, SL/TP levels, max DD, time to hit target and comments if any (e.g. manual closure, SL hit reason, no trading etc).

Do I read you correctly that you are aiming for 1:2-1:3 Risk:Return ratio? Or you had ratio inverted? Your proposal seems far too good to be true for the EA, which can produce 2% of gain with max 1% SL. I think you should also take into consideration accuracy, frequency of trading and duration of trades.

Even having EA with 3:1 Risk:Return ratio is very good, which does not hit SL on long term average more often than after every 5-6 trading sessions and which is trading on average 2-3 times per week.

Quoting xmess7
Hey guys I recommend not to dwell too much or put any importance on whether you hit SL or hit TP. Just report it as is. Remember when you breathe you breath IN and OUT. In with O2 out with C02. Same thing with Trading... When you trade you hit TP and you hit SL.. In both cased the right amounts of each is gained and released. So with that said I will start posting my results. I started testing v91 back on Thursday last week (5 days ago). I traded even on Friday (which is usually the day that was not to be traded). My basket was as high as 13% and...
  • #19,415
  • Edited 6:06am Sep 10, 2020 5:12am | Edited 6:06am
Argh. Again some EA logic conflict with mine:

My settings:

a) Upper VB trigger 15pips
b)VB Pip threshold at 3pips
c)Only positive trades to RB.

What happened:

VB Upper trigger was hit. Why the EA did not open RB with the pairs which gain > of 3 pips? That is the goal here:

1) Hit VB upper trigger
2) Look for pairs in VB with gain > 3pips
3) Open RB for these pairs

Main idea is that I want to move to RB only deals which have shown some good performance in VB and NOT pick the ones below threshold, to gain on pairs which move at given point in right direction. EA should not assume that pip threshold should be applied to EVERY pair currently working in VB. This would render the Pip Threshold setting useless when later wanting to add new pairs into open RB, based on pip threshold.

Attached Image


There is not much info here about Pip Threshold, hopefully you guys can think along with me how to make it work in good way. Pip threshold becomes also vital when adding new pairs into RB, because adding pair from VB which hovers around 0 pips is not good idea. I want to capture momentum in right direction and Pip Threshold should help me out.

Thanks!
  • #19,416
  • Sep 10, 2020 6:55am Sep 10, 2020 6:55am
TradeMonitor v80
Indicator: CMSM v21.05
Asian - London Session
GBP Weekly Basket Trade Level=20
Attached Image (click to enlarge)
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  • #19,417
  • Sep 10, 2020 7:05am Sep 10, 2020 7:05am
Quoting blamshakk
sorry for the noon question, for the daily settings, does the 'reset' button have to be pressed every night to allow a trade the next morning? I'm using v76 of the EA, thanks, blam
blam as far as I know you do not need to hit refresh, the EA will reset itself for the next session at 00:00 GMT. xmess7 can confirm this.

I would also suggest updating to V91 as its the most recent stable working version.
Truth is like poetry. And most people f*cking hate poetry.
  • #19,418
  • Sep 10, 2020 7:12am Sep 10, 2020 7:12am
Quoting xmess7
{quote} you know why right? I too woke up before the NY open and I saw the future were up. Plus on the GBPUSD (my fav pair to trade) their was an impulsive long candle plus I saw a long bullish engulfment on 1H. These are usually the hours when the "stop hunting" is done and the "market maker traders" allow the trades to move in the direction they want. There were similar things going on with NZDUSD and EURUSD..(I was sleepy only peaked at those two LOL). So when I saw these things I closed my own trades and avoided the turn around. BTW I have been...
Best news of the day Jess thank you!!
Today I got luck tp got hit!!
Swimming with sharks!
  • #19,419
  • Sep 10, 2020 8:08am Sep 10, 2020 8:08am
Quoting bojack34
{quote} Or you can conduct your own forward test
Yup I'm on that process! Trades are very identical!
Swimming with sharks!
  • #19,420
  • Sep 10, 2020 8:41am Sep 10, 2020 8:41am
Hi,

Another bug in v91, which is very random and very frustrating:

Settings:

1. Upper VB Trigger 15pips, lower 0
2. Only positive trades allowed to RB
3. NO other filters in place e.g. ColorTrend, BBSqz.

How can the VBasket fail with the message "no positive vTrades were found in vBasket"?

It is mathematically impossible for VBasket to hit positive VBasket target with all the trades having negative results. Or?

Attached Image (click to enlarge)
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I really hope Jess can look into it. As well as to the Pip Threshold logic, which is acting against the best interest of profits

I described it here:

https://www.forexfactory.com/thread/...5#post13158525

Cheers, your humble betatester
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