Coppock Strategy | Forex Factory

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Attachments: Coppock Strategy
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Coppock Strategy

  • #1
  • First Post: Sep 5, 2007 9:06pm Sep 5, 2007 9:06pm
I will post my signals given from the coppock strategy that I have developed.
If enough people are interested I can post the strategy as well as the code for the indicator (in CTL Language), for people who use GFT or maybe someone can program it in another language. Anyways here are the signals:

ACTION PAIR ENTRY PRICE TARGET
SELL NZDCAD .7189 .7106
SELL NZDJPY 78.39 77.53
BUY USDCAD 1.0580 106.52
SELL USDCHF 1.2010 1.1953
SELL CADJPY 108.81 108.39
SELL NZDCHF .8211 .8159
SELL NZDUSD .6823 .6744
SELL USDJPY 114.69 114.04
SELL CADCHF 1.1400 1.1332

TARGETS are areas where you can get out of all of your positions or part of it. I am not posting stops as everyone's risk tolerance is different, but you shouldn't have to give it more than 100-150 pips.
This is a swing trading system.
After backtesting for about 3-4 years the data on my GFT charts I can see that this systems works around 80% of the time, sometimes more on most pairs.
I will post results.
  • #2
  • Sep 5, 2007 9:36pm Sep 5, 2007 9:36pm
Sounds very interesting. I use GFT but am not yet too familiar with their system as I just started.

Looking forward to learning more about the coppock strategy
  • #3
  • Sep 5, 2007 10:48pm Sep 5, 2007 10:48pm
Hi,
Will this indicator work with Metatrader?

Thanks.
  • #4
  • Sep 6, 2007 6:17am Sep 6, 2007 6:17am
Quoting rapikbey
Hi,
Will this indicator work with Metatrader?

Thanks.
Rapikbey, I am not sure it will. If you know how to program in MT I can post the code. You can also look it up in moneytec.com.

One of my signals was triggered.

S CADCHF @ 1.1400. So far it has only move to b/e
  • #5
  • Sep 6, 2007 8:03am Sep 6, 2007 8:03am
Got my 2nd signal on USDCAD

B USDCAD 1.0580

Had nice little run down on CADCHF. Had .3 lots, got out of 1 @ 1.1385, move my target up like 10 pips to 1.1345 on my remaining .2 lots.
  • #6
  • Sep 6, 2007 8:33am Sep 6, 2007 8:33am
Would this strategy work with GBPJPY, AUDJPY?

Will you share your system at some point?

Thanks

Venturess
  • #7
  • Sep 6, 2007 8:50am Sep 6, 2007 8:50am
hi rck66...

what is the system you are using actually?
coppock strategy from moneytec?

what is that system look alike?
can you post some chart to show us their signal generated?

thanks in advance
"Live is for living not for working"
  • #8
  • Sep 6, 2007 10:44am Sep 6, 2007 10:44am
Guess I'm generating enough interest, so I'll post the strategy as well (if I can) post some charts. I'm using GFT Dealbook, so if anyone knows how to copy charts and paste them here please let me know, but I'll try to do it. It will be done in different posts not to make 1 post super long and confusing.
  • #9
  • Sep 6, 2007 10:51am Sep 6, 2007 10:51am
First, the code for Coppock for CHart Studio (GFT programmable module).
indicator Coppock;
input period1 = 11, period2 = 14, ma = 10;
draw line("Coppock"), line_ma("MA"), base("base");
vars roc1(series), roc2(series);
begin
rate_of_change(close,period1);
roc1 := rate_of_change.line;
rate_of_change(close,period2);
roc2 := rate_of_change.line;
base := makeseries(front(close), back(close), 0);
line := roc1 + roc2;
line_ma := sma(line, ma);
end.

I have change the input values to the following:
period 1:80 period 2: 10 and ma: 20

TO BE CONTINUED....
  • #10
  • Sep 6, 2007 12:14pm Sep 6, 2007 12:14pm
thank you... thank you....
but unfortunately i don't understand the code at all....
i think, it's like macd... but i don't know.....

btw thanks again for sharing your system...

regards,
"Live is for living not for working"
  • #11
  • Sep 6, 2007 12:49pm Sep 6, 2007 12:49pm
Quoting pips_warrior
thank you... thank you....
but unfortunately i don't understand the code at all....
i think, it's like macd... but i don't know.....

btw thanks again for sharing your system...

regards,
Pips_warrior, what platform u using? The indicator is based on rate of change.
  • #12
  • Sep 6, 2007 12:55pm Sep 6, 2007 12:55pm
I have used the coppock extensively with some nice success on the day chart and the gbp/jpy

I am curious what time frame you are using?

Thanks
"There is MORE Happiness in giving than receiving"
  • #13
  • Sep 6, 2007 1:18pm Sep 6, 2007 1:18pm
Quoting drcole1
I have used the coppock extensively with some nice success on the day chart and the gbp/jpy

I am curious what time frame you are using?

Thanks
Same time frame. Daily charts. Pretty sure it will work on smaller time frames, but moves will be shorter and prob more whipsaws. I wouldn't try it in anything less than 4 hrs. Was wondering: what are the settings on your indicator?
  • #14
  • Sep 6, 2007 1:51pm Sep 6, 2007 1:51pm
Since I couldn't paste a chart, I had to PrintSc and paste in Word. Therefore I am attaching a word file with the chart and the rules.
Ventures, the chart is the GBPJPY and it will show you how it works. Looks great.
I will be posting more charts.
Attached File(s)
File Type: doc COPPOCK STRATEGY.doc   144 KB | 2,079 downloads
  • #15
  • Sep 6, 2007 2:12pm Sep 6, 2007 2:12pm
Out of all the signals given yesterday 3 have triggered:

B USD CAD 1.0580
S USD CHF 1.2010
S CAD CHF 1.1400

About the USDCAD signal, it was my mistake and it shouldn't have been taken. When I read the Coppock values I neglected to notice the minus sign on it. I actually took the trade (.3 lots) and have moved my stop to around 1.05. So this might actually be a complete loser without any regrets for not getting out sooner after a profitable move.
Anyways, the other 2:

S USD CHF 1.2010. It hit a low of 1.1992 between 10AM and 11AM ET for a profitable move of about 15 pips (remember the spread)

S CAD CHF 1.1400. This one hit a low of 1.1370 for about 20 pips or so profit. As stated before I got out of .1 contract and still holding .2.

Remember this are more swing trades than daytrades.

Signals that may reverse tonight voiding previous signal given:
S NZD CAD & S NZD/USD.

I will post the signals again tonight.
  • #16
  • Sep 6, 2007 9:22pm Sep 6, 2007 9:22pm
B Nzdcad @.7335 First Tgt Arnd .7450 And Final Tgt Arnd .7500
B Nzdusd @.7121 Target Around 7250
B Usdcad @ 1.0596 (this Time Is For Real)

Cad Chf & Usdchf Still Short With Same Target

Still With The Same Entry & Target Are Cadjpy; Nzdchf; Nzdjpy & Usdjpy.

ACTION PAIR ENTRY PRICE TARGET
SELL NZDJPY 78.39 77.53
SELL CADJPY 108.81 108.39
SELL NZDCHF .8211 .8159
SELL USDJPY 114.69 114.04

CURRENTLY I'M HOLDING THE FOLLOWING POSITIONS FROM YESTERDAY SIGNALS:

PAIR ENTRY PRICE DIRECTION
USDCAD 1.0580 LONG
USDCHF 1.2010 SHORT
CADCHF 1.1400 SHORT
  • #17
  • Sep 7, 2007 1:45am Sep 7, 2007 1:45am
Quoting rck66
Pips_warrior, what platform u using? The indicator is based on rate of change.
hi rck66...

i'm using MT4..... and i ever heard rate of change indicator....
but unfortunately... i can not find rate of change indicator on my MT4...
based on chart you have sent... it looks like MACD on MT4...
dunno... maybe it's just same on their appearance...

i will searching this indicator for MT4...
thanks for your info....

regards,
"Live is for living not for working"
  • #18
  • Sep 7, 2007 3:58am Sep 7, 2007 3:58am
Quoting pips_warrior
hi rck66...

i'm using MT4..... and i ever heard rate of change indicator....
but unfortunately... i can not find rate of change indicator on my MT4...
based on chart you have sent... it looks like MACD on MT4...
dunno... maybe it's just same on their appearance...

i will searching this indicator for MT4...
thanks for your info....

regards,
ROC
Attached File(s)
File Type: mq4 ROC2_VG.mq4   4 KB | 1,104 downloads
  • #19
  • Sep 7, 2007 6:52am Sep 7, 2007 6:52am
thx smjones....

i have tried your indicator... but it shows different graphics....
it looks like MA Cross.... while rck66 graphs looks like MACD....

btw... thanks again....

regards,
"Live is for living not for working"
  • #20
  • Sep 7, 2007 11:35pm Sep 7, 2007 11:35pm
Thank you rck66.

I am having difficulty with the Chart Studio, having never used it. Perhaps I will call GFT and have someone give an overview to understand it. Right now everything is 'Greek' to me

Would someone be able to provide a step by step with the code? If not, I will try to do so once I figure it out with GFT's help.

Thanks.
Quoting rck66
Since I couldn't paste a chart, I had to PrintSc and paste in Word. Therefore I am attaching a word file with the chart and the rules.
Ventures, the chart is the GBPJPY and it will show you how it works. Looks great.
I will be posting more charts.
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