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Attachments: CPP Scalping Strategy
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CPP Scalping Strategy

  • #201
  • Jul 30, 2023 12:46pm Jul 30, 2023 12:46pm
Quoting FireScape
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
Told you - you will eventually Stop TMI. I am experimenting with going to BE in the middle or at the 3/4 of the profit run between 3 and 4.

We do need much better quality ea to test it. Few more weeks and I will pay a coder to create one n MT5.
  • #202
  • Jul 30, 2023 12:52pm Jul 30, 2023 12:52pm
Quoting driven18
{quote} Told you - you will eventually Stop TMI. I am experimenting with going to BE in the middle or at the 3/4 of the profit run between 3 and 4.
and yah, this would be the direction we would have to go.
Can't go broke making profit
  • #203
  • Jul 31, 2023 1:22am Jul 31, 2023 1:22am
Quoting driven18
{quote} Told you - you will eventually Stop TMI. I am experimenting with going to BE in the middle or at the 3/4 of the profit run between 3 and 4. We do need much better quality ea to test it. Few more weeks and I will pay a coder to create one n MT5.
Hello, if you can provide me the all the specifics in steps, I can give it a try on MT4 for free.
  • #204
  • Edited 7:45am Jul 31, 2023 7:28am | Edited 7:45am
Quoting ElvisTR
{quote} Hello, if you can provide me the all the specifics in steps, I can give it a try on MT4 for free.
Here are the rules, you can start with that, preferable on MT5.

Example below: Sell - Loss, Buy - Win
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  • #205
  • Jul 31, 2023 1:34pm Jul 31, 2023 1:34pm
Quoting driven18
{quote} Here are the rules, you can start with that, preferable on MT5. Example below: Sell - Loss, Buy - Win {image} {image} {image}
Thanks for the explanation. Here are my final 3 questions and I can start off from there...
1) Could you please also give an example through numbers about what "pip cushion" means? That's a new terminology for me.
2) About the risk... On your examples you've gave 0.5% to 4% for risk parameters. Is this based on equity or something else? (maybe an example through numbers will be better for me to grasp the idea)
3) As stated in my initial post, I'll first give it a try for mt4 (which is my stronger suit. Maybe later I can do a mt5 conversion)
Which mt4 CPP indicator would you suggest me to use in the ea to calculate the pivot points?
Regards,
  • #206
  • Jul 31, 2023 3:25pm Jul 31, 2023 3:25pm
Quoting ElvisTR
{quote} Thanks for the explanation. Here are my final 3 questions and I can start off from there... 1) Could you please also give an example through numbers about what "pip cushion" means? That's a new terminology for me. 2) About the risk... On your examples you've gave 0.5% to 4% for risk parameters. Is this based on equity or something else? (maybe an example through numbers will be better for me to grasp the idea) 3) As stated in my initial post, I'll first give it a try for mt4 (which is my stronger suit. Maybe later I can do a mt5 conversion)...
I appreciate you wanting to try and do ea. For now,

1. Do not worry about cushion
2. Do not worry about the risk as a % of equity, just assign regular number of contracts
3. I do not have Camarilla source code for MT4, you may find it on the net
  • #207
  • Jul 31, 2023 3:54pm Jul 31, 2023 3:54pm
Quoting ElvisTR
{quote} Thanks for the explanation. Here are my final 3 questions and I can start off from there... 1) Could you please also give an example through numbers about what "pip cushion" means? That's a new terminology for me. 2) About the risk... On your examples you've gave 0.5% to 4% for risk parameters. Is this based on equity or something else? (maybe an example through numbers will be better for me to grasp the idea) 3) As stated in my initial post, I'll first give it a try for mt4 (which is my stronger suit. Maybe later I can do a mt5 conversion)...

Hi, I have found this https://fx.doubledoji.com/download-c...ndicator-free/
In this strategy we are using Camarilla Pivot Points.

As for the cushion, I understand this means the possibility to set up an "offset" of a certain number of pips, for instance to make short entry at S3 - offset, long at R3 + offset.
  • #208
  • Edited Aug 1, 2023 12:17am Jul 31, 2023 10:50pm | Edited Aug 1, 2023 12:17am
What pairs do we have to double the risk? in the same pair when we loss or another pair the next day?
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  • #209
  • Aug 1, 2023 12:00pm Aug 1, 2023 12:00pm
Hello FireScape!
Quoting FireScape
we're looking for the current days CPP lines, to be completely INSIDE the previous days CPP lines
Quoting EzoolFX
aren’t you falling into the same trap you described in the original post?
Quoting FireScape
yes i was
Quoting FireScape
but in its current form it is a profitable system
Do I understand you right: you decided for yourself to keep this "inside rule" from the first post?
Thank you for sharing this system!
Just an opinion. Based on research
  • #210
  • Aug 1, 2023 12:12pm Aug 1, 2023 12:12pm
Quoting since80808
Hello FireScape! {quote} {quote} {quote} {quote} Do I understand you right: you decided for yourself to keep this "inside rule" from the first post? Thank you for sharing this system!
I don’t apply this rule anymore
Can't go broke making profit
  • #211
  • Aug 1, 2023 12:40pm Aug 1, 2023 12:40pm
Quoting FireScape
{quote} I don’t apply this rule anymore
Could you update us with the current trade rules (entry/exit) which you find more beneficial? I'm aiming to create a fully automated EA based on the CPP strategy.
To do so, I need very specific and clear guidelines. Let's make it work together
  • #212
  • Aug 2, 2023 2:55am Aug 2, 2023 2:55am
Quoting FireScape
{quote} I don’t apply this rule anymore
Hi FireScape

Any chance of updating the correct rules as there seems to be a bit of confusion about entry rules.
Thank you for your time and presenting this strategy to the forum.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #213
  • Aug 2, 2023 5:41am Aug 2, 2023 5:41am
BTW,
has taken root the idea of BE at +50% of TP?
+
Do we use information from HTF? Not to be overfiltered but not bad as I test
Just an opinion. Based on research
  • #214
  • Aug 3, 2023 11:02am Aug 3, 2023 11:02am
Quoting driven18
{quote} I appreciate you wanting to try and do ea. For now, 1. Do not worry about cushion 2. Do not worry about the risk as a % of equity, just assign regular number of contracts 3. I do not have Camarilla source code for MT4, you may find it on the net
Hello again, here's the initial V1.0 version with the basic rules and parameters.

CamarillaV1.0.mq4 is the EA file to be put under Experts folder.
CamarillaPoints.mq4 is the Indicator file to be put under Indicators folder.

Here's how it works:
When the price is somewhere between R3 and S3, it places a buystop on R3 and sellstop on S3

For Buys: TP price is R4. SL is calculated this way:
SL Price = R3 Price - ((R4 price - R3 price) x Stop Loss Multiplier)
So if you set 2 for Stop Loss Multiplier, it means your risk is twice as much as your reward. You can also set it like 0.5 to make your risk, half your reward.

For Sells, exact opposite of Buys.
Every new day, pending orders are deleted.

Unfortunately I didn't have the time to test it thoroughly but my first impression wasn't positive.
Feel free to test it too (or even build on it. I'm sharing it with the source and no limitations as promised)
Attached File(s)
File Type: mq4 CamarillaV1.0.mq4   6 KB | 283 downloads
File Type: mq4 CamarillaPoints.mq4   9 KB | 315 downloads
  • #215
  • Aug 3, 2023 6:45pm Aug 3, 2023 6:45pm
This EA does not follow the thread rules and the thread starter cant be arsed to update the rules so the the strategy is doomed.
,he's all over the place this strategy that strategy. Lost interest good bye.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #216
  • Aug 4, 2023 1:02am Aug 4, 2023 1:02am
Quoting Seabreeze
This EA does not follow the thread rules and the thread starter cant be arsed to update the rules so the the strategy is doomed. ,he's all over the place this strategy that strategy. Lost interest good bye.
Well, coders need specific and clear guidelines to be able to deliver solid work.
Yes the EA doesn't follow the some of thread rules (intentionally) and the reason is it's the initial state of it. Honestly, I was hoping this to be a bit more of a collaboration when it comes to sharing ideas or maybe even coding together to improve it.
I'm still open to the feedback from people who had a chance to test and experiment this EA. So far there's been around 30 downloads and a huge radio silence.
  • #217
  • Aug 4, 2023 4:08am Aug 4, 2023 4:08am
Quoting ElvisTR
{quote} Well, coders need specific and clear guidelines to be able to deliver solid work. Yes the EA doesn't follow the some of thread rules (intentionally) and the reason is it's the initial state of it. Honestly, I was hoping this to be a bit more of a collaboration when it comes to sharing ideas or maybe even coding together to improve it. I'm still open to the feedback from people who had a chance to test and experiment this EA. So far there's been around 30 downloads and a huge radio silence.
I completely agree with you and not here to cause any upset.
The original rules work though because of price compression similar to Bollinger squeeze, you tend to get a explosive price movement shortly after and that's your edge. you have to accept it for what it is. Boring yes and people want to add flashing lights to bling it up and then in the end it fails.
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger
  • #218
  • Aug 4, 2023 4:18am Aug 4, 2023 4:18am
Quoting Seabreeze
{quote} I completely agree with you and not here to cause any upset. The original rules work though because of price compression similar to Bollinger squeeze, you tend to get a explosive price movement shortly after and that's your edge. you have to accept it for what it is. Boring yes and people want to add flashing lights to bling it up and then in the end it fails.
@FireScape as the original poster, mentioned earlier that he doesn't take the "squeeze" rule in consideration. That was my reason not to add that rule in the EA.
If anybody interested, I can make it optional in the EA parameters (Use previous CPP Squeeze : On/Off)

Then again, my first impression wasn't too positive. Plus the lack of feedback is demotivating for me to carry on with it.
Thanks for your kind input Seabreeze
  • #219
  • Aug 4, 2023 4:23am Aug 4, 2023 4:23am
Quoting ElvisTR
{quote} Well, coders need specific and clear guidelines to be able to deliver solid work. Yes the EA doesn't follow the some of thread rules (intentionally) and the reason is it's the initial state of it. Honestly, I was hoping this to be a bit more of a collaboration when it comes to sharing ideas or maybe even coding together to improve it. I'm still open to the feedback from people who had a chance to test and experiment this EA. So far there's been around 30 downloads and a huge radio silence.
PM me
  • #220
  • Aug 4, 2023 4:30am Aug 4, 2023 4:30am
Quoting Merka
{quote} PM me
Mine says "Private Messages Restricted Per Member Status" but my contact info can be found in my EA, cheers.
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