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CPP Scalping Strategy

  • #181
  • Jul 25, 2023 4:27am Jul 25, 2023 4:27am
Quoting carlosbdf
New version of EA ... Improvements suggested by Lazar83 {file}
Hi Carlosbdf, i have placed ea on Sunday evening on my vps, D1 time frame and so far no orders were opened. Ea is placed on all pairs in the market watch
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The settings are :
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Did i miss something?
Help to be helped.
  • #182
  • Jul 25, 2023 10:50am Jul 25, 2023 10:50am
Quoting Lazar83
{quote} Hi Carlosbdf, i have placed ea on Sunday evening on my vps, D1 time frame and so far no orders were opened. Ea is placed on all pairs in the market watch {image} The settings are : {image} Did i miss something?
try 4h or 1h. working on 4h for me
  • #183
  • Jul 25, 2023 2:12pm Jul 25, 2023 2:12pm
Quoting Lazar83
{quote} Hi Carlosbdf, i have placed ea on Sunday evening on my vps, D1 time frame and so far no orders were opened. Ea is placed on all pairs in the market watch {image} The settings are : {image} Did i miss something?
Time frame shoud be less than D1...

  • #184
  • Jul 25, 2023 2:14pm Jul 25, 2023 2:14pm
usdjpy smashed short tp
Can't go broke making profit
  • #185
  • Jul 25, 2023 5:27pm Jul 25, 2023 5:27pm
Quoting carlosbdf
{quote} Time frame should be less than D1...
Thanks, i overlooked that part.
Help to be helped.
  • #186
  • Jul 26, 2023 1:37pm Jul 26, 2023 1:37pm
1 winner on Sell and 1 looser on Buy USDJPY
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  • #187
  • Jul 27, 2023 9:56am Jul 27, 2023 9:56am
Quoting driven18
1 winner on Sell and 1 looser on Buy USDJPY {image}
driven18

I believe that the necessary setup was not given to place an order...
Only take orders when the previous day's R4 is higher than the current day's R4 AND (BOTH) the previous day's S4 is lower than the current day's S4.
  • #188
  • Jul 27, 2023 10:19am Jul 27, 2023 10:19am
Quoting carlosbdf
{quote} driven18 I believe that the necessary setup was not given to place an order... Only take orders when the previous day's R4 is higher than the current day's R4 AND (BOTH) the previous day's S4 is lower than the current day's S4.
I think you are wrong: 1st trade(Sell), S4 is inside previous day S4, 2nd trade(Buy), R4 is inside previous day R4
  • #189
  • Jul 27, 2023 10:23am Jul 27, 2023 10:23am
Quoting driven18
{quote} I think you are wrong: 1st trade(Sell), S4 is inside previous day S4, 2nd trade(Buy), R4 is inside previous day R4
previous day's R4 is higher than the current day's R4 AND (BOTH) the previous day's S4 is lower than the current day's S4

The second trade S4 of current day is lower than S4 of previous day ... I think .... Maybe ...
  • #190
  • Edited 11:03am Jul 27, 2023 10:33am | Edited 11:03am
Quoting carlosbdf
{quote} previous day's R4 is higher than the current day's R4 AND (BOTH) the previous day's S4 is lower than the current day's S4 The second trade S4 of current day is lower than S4 of previous day ... I think .... Maybe ...
FireScape - who is correct?

Good USDJPY scalp Buy today - FireScape technique.
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  • #191
  • Edited 11:01am Jul 27, 2023 10:44am | Edited 11:01am
2 good trades demo yesterday on Dow 30 futures.
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  • #192
  • Jul 27, 2023 9:07pm Jul 27, 2023 9:07pm
driven18 You're wrong based on the original setup, both levels (R4 and S4) must be inside the previous day lines. Both at same time, no one or the other. That is the price compression, something like the image:


But your setup is interesting for being studied lika a new variation of the system...
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  • #193
  • Jul 28, 2023 6:59am Jul 28, 2023 6:59am
EA set only one trade this week when i switched to m15 and it was win.
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Help to be helped.
  • #194
  • Edited 10:32am Jul 28, 2023 7:59am | Edited 10:32am
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Exit +100 Pips few hours later
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  • #195
  • Jul 29, 2023 4:28am Jul 29, 2023 4:28am
Quoting FireScape
Here's how I'm setting up my GBPUSD. Experimentally, I'm using the Trend Channels indicator on TradingView to determine H4, H1, M15 trend directions / support and resistance levels and then setting up my risk management around those levels instead of arbitrarily setting up 2:1 brackets. Similar to an EMA, Trend Channels merely just tells us what direction price wants to move on any timeframe giving the simplest of edges. I'm still risking more then I'm taking in this trade, but its definitely less. Essentially just adding top down analysis in conjunction...
aren’t you falling into the same trap you described in the original post?

you’re adding subjectivity to the system and I can’t see a reason to do so… other than being bored

i am not hating by the way! We know losses can’t be mitigated entirely, so why try?
  • #196
  • Jul 29, 2023 7:03am Jul 29, 2023 7:03am
@FireScape,say you enter a buy at R3 pivot to TP at R4 and the trade gos against you, have your SL at the central white pivot and a buy limit there too,and add buy limits and SL at S3 pivots and S4 pivots, unless you are caught in a big trend you should come out of it with just losing your spread costs,seeing most trades are winners anyway with this system,if you get spanked in a big trend the winners should easily cover it....thanks for posting this system by the way , very interesting !
  • #197
  • Jul 30, 2023 11:40am Jul 30, 2023 11:40am
monday 31/7
NU
EU
GU
UCHF
CADCHF
SILVER

HAVE A GREEN PIP!!
  • #198
  • Jul 30, 2023 11:43am Jul 30, 2023 11:43am
Quoting EzoolFX
{quote} aren’t you falling into the same trap you described in the original post? you’re adding subjectivity to the system and I can’t see a reason to do so… other than being bored i am not hating by the way! We know losses can’t be mitigated entirely, so why try?
yes i was, there was paradoxical problem of trying to create better RR whilst simultaneously keeping the simplicity
Can't go broke making profit
  • #199
  • Jul 30, 2023 11:43am Jul 30, 2023 11:43am
Quoting nozzer
@FireScape,say you enter a buy at R3 pivot to TP at R4 and the trade gos against you, have your SL at the central white pivot and a buy limit there too,and add buy limits and SL at S3 pivots and S4 pivots, unless you are caught in a big trend you should come out of it with just losing your spread costs,seeing most trades are winners anyway with this system,if you get spanked in a big trend the winners should easily cover it....thanks for posting this system by the way , very interesting !
This is true and definitely noted
Can't go broke making profit
  • #200
  • Jul 30, 2023 11:47am Jul 30, 2023 11:47am
I don’t think we can squeeze any more profitability out of CPP without disrupting its pure and simplistic fundamentals. There were some great suggestions along the way but in its current form it is a profitable system, anything more and you’re most likely going to be over fitting.

it’s still my daily driver and still generating more Green Day’s than not
Can't go broke making profit
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