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Coppock Strategy

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  • Post #21
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  • Sep 8, 2007 7:18pm Sep 8, 2007 7:18pm
  •  rck66
  • | Joined Aug 2007 | Status: Member | 648 Posts
Quoting Venturess
Disliked
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.
Ignored
Venturess, good luck with Chart Studio and GFT, they might help, they might not. For some reason they dont want to give enough support with programming. Anyways, I will give u step by step instructions on how to import coppock to your chart studio program.

After you open the program go to File--New (or click on the icon below File; same thing), you should get a blank screen,(it should say File-1* on the tab), then copy this code and paste it on the blank screen:
indicator Coppock_Spread;
input period1 = 80, period2 = 10, ma = 20;
draw line("Coppock"), line_ma("MA"), base("base", Histogram);
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;
line := roc1 + roc2;
line_ma := sma(line, ma);
base := line - line_ma;
end.

After doing that, hit F7 or the second icon below file (the one that looks like lighting, or go to Build on top and left click on it and then click on verify module). It is going to ask you to save as, and then give it a name and save it with your documents or on any other folder as type CTL files(.ctl)(the default) Once you save it You should see on your ouput box a message like this:
Verifying file: C:\Documents and Settings\your name\your documents or folder\the name you gave it...
Done.

After that click on Install which is the second icon on the third row from the top, or go to Build--Install Module and click on it.
In your output box you should see:
Compiling (the name you gave it)
Installation Result: Module installed successfully
Done.

That should be it. I find that sometimes if DBook 360 is open it would not load up on a chart, so I advise to have DBook closed before you try to open it on a chart.
Once you open DBook 360 and have a chart open, go to set up indicators or add studies and select the indicator based on the name you gave it. Try to use The Setup Indicator Icon on top of the chart since you have to modify it a little bit just to show the histogram.
You should have the indicator on Subgraph 1, click on it, go to the right where it says Inputs/Style and select Style.
On Lines: you should have 3 things: Coppock, MA and base. Coppock & MA SHOULD NOT BE VISIBLE and base select it as a histogram and that should do it. Should you have any more questions, post them and I'll try to answer them.
Read the next post and you will see the results of the signals that I got. I feel like Don Shula felt after Dan Marino play his first NFL football game. Even though the Miami Dolphins lost, Don Shula was smiling. (I am assuming you know and follow american football).
 
 
  • Post #22
  • Quote
  • Sep 8, 2007 7:35pm Sep 8, 2007 7:35pm
  •  rck66
  • | Joined Aug 2007 | Status: Member | 648 Posts
These were the signals that were given and that I posted in post #1 (I have numbered them for quick reference):

ACTION PAIR ENTRY PRICE TARGET
1.SELL NZDCAD .7189 .7106
2.SELL NZDJPY 78.39 77.53
3.BUY USDCAD 1.0580 106.52
4.SELL USDCHF 1.2010 1.1953
5.SELL CADJPY 108.81 108.39
6.SELL NZDCHF .8211 .8159
7.SELL NZDUSD .6823 .6744
8.SELL USDJPY 114.69 114.04
9.SELL CADCHF 1.1400 1.1332

1. Never triggered and indicator turned up therefore nullifying order. No longer valid.
2. Triggered @ 7839. Low so far 7762 for 77pips. I'm stil in it with .5 lots.
3. My mistake when reading the indicator. My bad, I got in it and got burned. The buy signal should have never been taken even though we got a buy signal the next day.
4. Triggered. Blew thru the target and kept coming down. Out of it 2 early unfortunately. Total + pips so far: 150.
5. Triggered. Same as #4. Got in it and out 2 soon. Total + pips so far: 183
6. Triggered. I'm in it .2 lots, originally .3 but got out of 1. Total + pips so far: 65
7. Never triggered. Indicator turned up therefore nullifying order, but yesterday finished down, so we will have a new entry point.
8. Triggered. Low so far113.12 for a total of +157 pips
9. Triggered. Low so far 11223for a total of +177 pips.

So, I think is pretty good. Total + pips in 2 days: 809. Even if you substract the USCAD trade you should come out ahead over 600 pips (of course have to take into consideration spread also), but I'll take 300 pips any week of the year, much more 600.

Will keep posting.
 
 
  • Post #23
  • Quote
  • Sep 8, 2007 8:35pm Sep 8, 2007 8:35pm
  •  smjones
  • Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
Quoting pips_warrior
Disliked
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,
Ignored

It is not mine, I found it somehwere, but it is not 2 moving averages, it is 2 ROCs on the same chart. If one only wants to use one, just set the other to the background color

The macd one is not a standard ROC. A standard ROC has one line that oscillates. It would be interesting to see if anyone comes up with a conversion.
 
 
  • Post #24
  • Quote
  • Sep 8, 2007 11:16pm Sep 8, 2007 11:16pm
  •  Venturess
  • | Joined Feb 2007 | Status: Member | 101 Posts
rck66, you are simply a genius! Your instructions were so clear and concise that a virtual computer idiot like myself could do it. Thank you so much.

Whilst I'm quite clueless about American football, I do get the gist....6 out of 9! Virtually a holy grail

I'm amazed and even if I'm half as successful as you are with your strategy, I'll be laughing and perhaps some day be able to do this for a living.

Looking forward to this coming week...and learning each day as I go along.

Venturess

Quoting rck66
Disliked
Venturess, good luck with Chart Studio and GFT, they might help, they might not. For some reason they dont want to give enough support with programming. Anyways, I will give u step by step instructions on how to import coppock to your chart studio program.

After you open the program go to File--New (or click on the icon below File; same thing), you should get a blank screen,(it should say File-1* on the tab), then copy this code and paste it on the blank screen:
indicator Coppock_Spread;
input period1 = 80, period2 = 10, ma = 20;
draw line("Coppock"), line_ma("MA"), base("base", Histogram);
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;
line := roc1 + roc2;
line_ma := sma(line, ma);
base := line - line_ma;
end.

After doing that, hit F7 or the second icon below file (the one that looks like lighting, or go to Build on top and left click on it and then click on verify module). It is going to ask you to save as, and then give it a name and save it with your documents or on any other folder as type CTL files(.ctl)(the default) Once you save it You should see on your ouput box a message like this:
Verifying file: C:\Documents and Settings\your name\your documents or folder\the name you gave it...
Done.

After that click on Install which is the second icon on the third row from the top, or go to Build--Install Module and click on it.
In your output box you should see:
Compiling (the name you gave it)
Installation Result: Module installed successfully
Done.

That should be it. I find that sometimes if DBook 360 is open it would not load up on a chart, so I advise to have DBook closed before you try to open it on a chart.
Once you open DBook 360 and have a chart open, go to set up indicators or add studies and select the indicator based on the name you gave it. Try to use The Setup Indicator Icon on top of the chart since you have to modify it a little bit just to show the histogram.
You should have the indicator on Subgraph 1, click on it, go to the right where it says Inputs/Style and select Style.
On Lines: you should have 3 things: Coppock, MA and base. Coppock & MA SHOULD NOT BE VISIBLE and base select it as a histogram and that should do it. Should you have any more questions, post them and I'll try to answer them.
Read the next post and you will see the results of the signals that I got. I feel like Don Shula felt after Dan Marino play his first NFL football game. Even though the Miami Dolphins lost, Don Shula was smiling. (I am assuming you know and follow american football).
Ignored
 
 
  • Post #25
  • Quote
  • Sep 9, 2007 3:38am Sep 9, 2007 3:38am
  •  Siro
  • | Joined Oct 2006 | Status: Scalper/Programmer | 30 Posts
here is a modified version of the roc indicator for those who prefer histograms.

rck66, thank you for sharing your system with us. it looks promising.
Attached File(s)
File Type: mq4 ROC2_Histogram.mq4   4 KB | 774 downloads
 
 
  • Post #26
  • Quote
  • Sep 10, 2007 9:33am Sep 10, 2007 9:33am
  •  pips_warrior
  • | Joined Aug 2007 | Status: Member | 68 Posts
Quoting Siro
Disliked
here is a modified version of the roc indicator for those who prefer histograms.

rck66, thank you for sharing your system with us. it looks promising.
Ignored
hi siro....
thx for your indicator... it helps me so much..
i had a better understanding with your roc indicator...

rck66...
i'm waiting your signal for gu & eu....
but i'll try to get the signal by myself....
thx in advance..

regards,
"Live is for living not for working"
 
 
  • Post #27
  • Quote
  • Sep 10, 2007 3:15pm Sep 10, 2007 3:15pm
  •  rck66
  • | Joined Aug 2007 | Status: Member | 648 Posts
Sorry I couln't post signals last night but was having chart problems (a common thing w/GFT). Anyways here are the signals:

1. S AUDCHF 9756
2. S AUDJPY 9302
3. S EURCHF1.6326
4. S EURJPY 1.5560
5. S GBPCHF 2.4030
6. S GBPJPY 2.2902

1. According to my charts triggered. Low so far 9687 for +69 pips
2. Also, accdn to my chrts trigg w/a low so far of9219 for +86 pips
3. Not triggered yet
4. Triggered> I'm in it .2lots. Low so far 15514 for +46 pips. Indicator turning up today so I might be stopped out
5. Triggered. I'm in it .3lots. Low so far meaningless. This seems like is going to workout
6. Accdng to my chrts triggered w low so far 228.24 for +78 pips.

If anyone has a much different low reading than I do, please let me know as I'm not trusting the charts 2 much,

Will post tonight sigs like around 10PM
 
 
  • Post #28
  • Quote
  • Sep 10, 2007 3:19pm Sep 10, 2007 3:19pm
  •  rck66
  • | Joined Aug 2007 | Status: Member | 648 Posts
Quoting pips_warrior
Disliked
hi siro....
thx for your indicator... it helps me so much..
i had a better understanding with your roc indicator...

rck66...
i'm waiting your signal for gu & eu....
but i'll try to get the signal by myself....
thx in advance..

regards,
Ignored
pipwrr i'm giving the signals as they come, eventually we will get a signal x gbp/usd & eurusd. They will be signals to short as the indicator is positive on both now
 
 
  • Post #29
  • Quote
  • Sep 10, 2007 11:01pm Sep 10, 2007 11:01pm
  •  rck66
  • | Joined Aug 2007 | Status: Member | 648 Posts
B Aud Chf 9839
B Audjpy 9425
B Chf Jpy 9615
B Eur Aud 1.6861 (i Will Not Take This Trade)
S Eurchf 1.6326 (nor This One)
B Eurgbp 6819
B Eurjpy 157.48
S Gbpchf 2.4030 (i Am In This Trade, The Triggered Was Yesterday)
B Gbpjpy 2.3167
B Nzdusd 7001
 
 
  • Post #30
  • Quote
  • Sep 11, 2007 7:42pm Sep 11, 2007 7:42pm
  •  rck66
  • | Joined Aug 2007 | Status: Member | 648 Posts
Yesterdays signals were the following:
1.B Aud Chf 9839
2.B Audjpy 9425
3.B Chf Jpy 9615
4.B Eur Aud 1.6861 (i Will Not Take This Trade)
5.S Eurchf 1.6326 (nor This One)
6.B Eurgbp 6819
7.B Eurjpy 157.48
8.S Gbpchf 2.4030 (i Am In This Trade, The Triggered Was Yesterday)
9.B Gbpjpy 2.3167
10.B Nzdusd 7001

1. Triggered so far up to 9924 for +85 pips. Was in and out with nice profit.
2. Triggered. Up to 9543 for +118 pips. Same as #1. actually got out 2 soon
3. Triggered. In the trade only +9 pips so far.
4&5 were not triggered and like I mentioned I was not going to take them.
6. Triggered. Positive move meaningless
7. Triggered. High so far 15817 for +69 pips
8. I'm still in it short and it looks like I'm getting stopped out tonight or tomorrow. Stop and reverse is at 2.4204 which will give a -174 pips.
9. Triggered. In and out also. Up so far 23233 for +66 pips
10. Triggered. Also traded it. Up so far 7069 for +68 pips.

So even if I get stoped out on GBPCHF the total pips from the previous signals plus positions that I had from other signals is: +241 pips.

Next post are todays signals.
 
 
  • Post #31
  • Quote
  • Sep 11, 2007 7:43pm Sep 11, 2007 7:43pm
  •  rck66
  • | Joined Aug 2007 | Status: Member | 648 Posts
Todays signals are:

S AUDNZD @1770
B CADJPY 109.95
B GBPCHF 2.4204
S GBPNZD 2.8710
B NZDCHF 8425
B NZD JPY 8096
 
 
  • Post #32
  • Quote
  • Sep 11, 2007 8:30pm Sep 11, 2007 8:30pm
  •  Venturess
  • | Joined Feb 2007 | Status: Member | 101 Posts
Thanks for your signals. They are helping me to study this strategy and to see what you see so I can be a better trader.

I like this simple strategy and am so grateful to have had your help.

Today my GJ trade netted me 60 pips. I guess I was a little nervous and could have gone for more, but am not complaining

I am also going to test it on smaller TFs and see how I do.

Thank you for sharing.
 
 
  • Post #33
  • Quote
  • Sep 11, 2007 11:22pm Sep 11, 2007 11:22pm
  •  rck66
  • | Joined Aug 2007 | Status: Member | 648 Posts
Glad to see it working venturess. I dont give a stop nor a target since everyone is different.
Usually if a signal is triggered it will give you a good run where if u had placed a stop you can bring your stop to b/e or better. Usually you should get out with a profit (if you arenot greedy) before you get a reversal to the opposite side, like it is happening today with GBPCHF or happened a couple of days ago with EURJPY.
Different pairs move in different ways, but I have seen from my studies that the normal pairs (not the GBP's) will give you 50 or more pips after the signal is triggered. So you can go in, let's say, with 2 lots, sell 1 at 50 pip profit and trail the other one.
Like I said is up to the individual, the experience, the feeling of the market, the acct size, the lot size, 2 many variables to give a rigid SL or Target.
Besides, u have to leave some work for the other person (LOL).
Another thing u have to take into consideration is the stock market. Lately I have seen that the CHF & JPY go up and the NZD goes down when stock market goes down. Sometimes also when market goes down USD goes up, but after the unemployment report last week, I dont expect the USD to do much on the way up. So u have to have an intermarket kind of feeling, because some times the carry trade is in vogue, other times is not. Plus with experience come "gut feeling" that tells you you shouldn't take some signals, like I didn't take the EURAUD & EURCHF signals, even though they were not triggered; but if they would have been, I wouldn't have taken them anyways.

Anyways, I'll keep posting and hope this keeps giving us some nice runs. I have notice that the market is more volatile than I would like to, that is why I'm getting whipsaws. After doing the back test on the 28 pairs I follow, I found out that the success ratio was more than 90%, that you would get at least 25 pips from the trigger point.

Let me know how that 1H TF back test works out. I think is 2 small of a timeframe or u might be able to apply it only to a few pairs with a small spread.

Talk soon
Ricardo
 
 
  • Post #34
  • Quote
  • Sep 12, 2007 11:27am Sep 12, 2007 11:27am
  •  Venturess
  • | Joined Feb 2007 | Status: Member | 101 Posts
Thank you for that stock market correlation info. I know that until recently the DOW and GJ were very well correlated except for the past few days.

I also agree, now that I've tested, that the 1H is too small a TF for this strategy, although I'e only tested with GJ so far. I will go to 4H and of course Daily as well.

Venturess
 
 
  • Post #35
  • Quote
  • Sep 12, 2007 8:26pm Sep 12, 2007 8:26pm
  •  rck66
  • | Joined Aug 2007 | Status: Member | 648 Posts
Yesterdays signals were the following9/10/07)
1.B Aud Chf 9839
2.B Audjpy 9425
3.B Chf Jpy 9615
4.B Eur Aud 1.6861 (i Will Not Take This Trade)
5.S Eurchf 1.6326 (nor This One)
6.B Eurgbp 6819
7.B Eurjpy 157.48
8.S Gbpchf 2.4030 (i Am In This Trade, The Triggered Was Yesterday)
9.B Gbpjpy 2.3167
10.B Nzdusd 7001

Today (9/11/07) signals

Todays signals are:

11.S AUDNZD @1770
12.B CADJPY 109.95
13.B GBPCHF 2.4204
14.S GBPNZD 2.8710
15.B NZDCHF 8425
16.B NZD JPY 8096

Let's examine the last 2 days signals and in the next post I will give tonight (9/12/07) signals:

1. AUDCHF From 9839-9991 for +152 pips
2. AUDJPY From 9425-9633 for +208 pips
3. CHFJPY From 9615-9651 for +36 pips
4 & 5 Disregard not triggered and signal changed to other side
6. EURGBP From 6819 to 6857 for +38 pips (with the pip value twice as that as the EURUSD)
7. EURJPY From 15748 to 15890 for +142 pips
8. GBPCHF From 2.4030 to 2.3993 for +37 pips (and I though I was going to get stoped out yesterday) Still in it. Target to around 2.3900 even though I would probably get out of most of my position around 2.3900 and trail the remaining lot.
9. GBPJPY From 2.3167 to 23253 for +86 pips
10. NZDUSD From 7001 to 7159 for +158 pips
11. AUDNZD From 1770 to 1750 for +20 pips
12. CADJPY From 10995 to 11029 for +34 pips
13. Never triggered and should be disregarded as signal crossed down again.
14. GBPNZD From 2.8710 to 28349 for +361 pips
15. NZDCHF From 8425-8475 for +50 pips
16. NZDJPY From 8096-8172 for +76 pips.

Total pips (and every trade was profitable) was: 1398 positive pips in 2 days.
Nothing else to add.

Happy trading
 
 
  • Post #36
  • Quote
  • Sep 12, 2007 8:29pm Sep 12, 2007 8:29pm
  •  rck66
  • | Joined Aug 2007 | Status: Member | 648 Posts
B AUDNZD 1.1897 (I will not take the signal, but if you do dont expect to run that much; at least that is my feeling)
S GBPCAD 2.1010
S GBPJPY 230.91 (I wouldn't give much to this one either as Japan is facing a political crisis).

This will probably be my last post. I will keep checking to see if there is any new postings. If any one is interested can email me for more info.
 
 
  • Post #37
  • Quote
  • Sep 13, 2007 9:12am Sep 13, 2007 9:12am
  •  blanca
  • Joined May 2006 | Status: Professional trader, owner of MTC | 1,521 Posts
How do you trail your stoploss?, when do you move to breakeven and how do you exit. which time are u using to post the signals?
 
 
  • Post #38
  • Quote
  • Sep 13, 2007 9:27am Sep 13, 2007 9:27am
  •  Venturess
  • | Joined Feb 2007 | Status: Member | 101 Posts
Quoting blanca
Disliked
How do you trail your stoploss?, when do you move to breakeven and how do you exit. which time are u using to post the signals?
Ignored
He is using the daily TF. I've tried the hourly time frame but too many false signals. Trying the 4H now.
 
 
  • Post #39
  • Quote
  • Sep 13, 2007 9:30am Sep 13, 2007 9:30am
  •  blanca
  • Joined May 2006 | Status: Professional trader, owner of MTC | 1,521 Posts
venture could you please post an example of a chart signal, i cannot find the highs or lows in the daily candles, does he make entry everyday in the direction of the coppock, for example looking only to break highs if coppock is up?
 
 
  • Post #40
  • Quote
  • Sep 13, 2007 9:36am Sep 13, 2007 9:36am
  •  Venturess
  • | Joined Feb 2007 | Status: Member | 101 Posts
Unfortunately I've never posted a chart and am at work so cannot try. However if you go to Post #14 on page 1 of this thread, he has posted a word document which shows and explains how this strategy works.

If you wish more charts send him a pm, and he will be happy to send you more charts.

Hope this helps
 
 
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