Coppock Strategy

thanks venture, yes i saw it but in the example i see only 3 signals, and he is posting almost one everyday i wonder how he does it. small question to you venture, what stoploss you use for 4hrs tf.

There is only 1 signal:

S GBPJPY @ 2.3091. This signal is from yesterday and it hasn't been triggered and the indicator hasn't crossed up. So still valid, even though I would place a close stop, perhaps using another strategy or S/R and a target not 2 far away.

Yesterday signal to buy AUDNZD has been reversed (was never triggered), so if you were short from Tuesday, u should be smiling with a smile worth 85 pips. I had that smile with GBPCHF last night. Got out of it.

I will go step by step in my next post about the strategy with a couple of charts.

Happy pip trading

Did you mean 230.91 rck66?

Really looking forward to more of your posts and charts.

Thank you

Venturess

Sorry Venturess:

You are right I meant 230.91. Working on the chart. I mentioned that I would post a couple of charts but for now i would only post 1 since it is a lot of work.

Guys, especially Venturess who has been following this thread, attached is a chart of GBPCHF and a walk thru of the trades as I see them. There is nothing peculiar about this strategy. I just made up the parameters as it was done visually. Maybe the settings (80,10,20) are not the best, maybe there needs to be another filter added to it, etc., etc.
But after writing down all the moves up and down in Excell, I see the potential for a system that should give positive results close to 90% of the time on most pairs (of the 28 that I am following I can said that for at least 25 of them).

maybe more work needs to be done regarding stop placement. But what I suggest is that you should trade it according to the acct size u have. If you have $10K to $15K in your acct and you are trading $100K lots you are risking it, but if you have $100K in your acct and are trading mini lots then you are wasting your time.

Feel free to ask questions.

Hello there,
Thanks rck66 for sharing your system with us. I currently use metatrader 4 for my charts & have downloaded both the ROC indicators that smjones & siro have kindly put up. Do these work the same as the coppock indicator?
Siros, how do I put in the 80,10,20 values? Several questions I know, but this really does seem a promising system.
Thanks

TORAG

For those who have been asking about Metatrader, I have never used it and dont know how to programm it and what it will "equal to". If someone knows how to do it or has the code, please post it in this thread, or if you find it in another thread, please bring it here.
Thanks

kindly check my chart, is it right?
pls ignore the MAs

though, i've not fully understood the method

it is really nice the chart you showed us, thanks a lot i have only some small question, when the signal is triggered, once in profit, do you move your stoploss to breakeven or do you hold it?
and do you exit at the end of the day because i see sometimes the signal is triggered, it can reach 200 pips and then returns all the way leaving only a wick and a trade with a nice profit could end in a loss.

And in the case of a good signal that goes ahead several days, how do you trail the stoploss? because if we wait until an opposite signal appears it could already have returned a lot, and happens the same, a big profit could end in small or negative. All these considering we use only 1 lot.

You Know this is not that difficult. Coppock is defined as follows
Coppock = WMA[10] of (ROC[14] + ROC[11]).

So I would imagine that the WMA is the first input, the ROC is the Second Input and the ROc to be added is the third input..

It is well described here
http://en.wikipedia.org/wiki/Coppock_curve

The 2 input ROC is already in this thread as a line and as a histogram. Just put a WMA on it and that should be the same... Coppock has been around since the early 60s.

Nice! 230.91 triggered and closed for 50 pips as my TP

The Dow correlation has thrown this pair off its predicted massive fall. Next week should be interesting.

I have been using the Momentum indicator (Thanks to Auslanco) in determining retracements...so been scalping a little and not done too badly this week with Coppock. It is a leading indicator so wonder if you might find it useful.

Question rck66. How do your determine the entry levels when you give out the signals? Is it the open of the confirmation bar after the crossover?

I would also like to learn how one may post charts if there's anyone who would be so kind enough to give a little step by step instructions. This would help rck66 as well I'm sure.

Thank you for a wonderful strategy.

Venturess

that is the correct chart, I'll try to post the eurusd chart over the wknd to show u how i see it

[quote=Venturess;1594194]Nice! 230.91 triggered and closed for 50 pips as my TP

The Dow correlation has thrown this pair off its predicted massive fall. Next week should be interesting.

I have been using the Momentum indicator (Thanks to Auslanco) in determining retracements...so been scalping a little and not done too badly this week with Coppock. It is a leading indicator so wonder if you might find it useful.

Question rck66. How do your determine the entry levels when you give out the signals? Is it the open of the confirmation bar after the crossover?


Venturess, would u mind sharing how u use the mom indictr w/ this strategy to determine retracmts? I went to the Auslanco thread, but it has a "million" post and I dont have the time to go thru each one of them.

REgarding the entry level, I enter 10 pips + spread above the high of the buy signal bar. Let me give u an example w/EURUSD. On Aug 23, 2007 the indicator crosses and ends at the end of the day above zero. (My copp histogram reading is +.0133). The high of that bar on AUg 23 is 1.3681, so I would enter long @ 1.3694 (10 pips + 3 spread).
Since the indicator was coming from the downside, as long as the indicator doesn't cross back down below zero, my long entry is pending. That order is triggerred Aug 30th. The market went down the next couple of days, but the indicator never crossed down.

You could have place a SL when ur signal got triggered and depending where u put it u could have been stopped out, maybe not. that is why i emphasize that you should trade accdng to your acct size and have your lot size accding to your acct size. Since u r trading with GFT, u can have mini lots of $10K (just like I do) if you feel the signal is strong and there would be a nice follow thru, then enter .5 lots or more depending on your acct size again.
If like I felt last night with the GBPJPY that the move wasnot going to be that strong, then u either have the option of using the same amt of lots and having a TP close to your entry or splitting ur lots to diff TP. So, like int he case of the EURUSD above, say u entered .6 lots @ 1.3694, you could have placed a TP on .2 lots at 15 to 20 pips above entry, then another TP at 50 pips for another .2 lots and then if you want trail the other .2 lots. The avg move up after a confirmation on the EURUSD is 190 pips w/ the max being 672 pips. (the study is from Feb 2004; I'll post the excel spreadsheet in another post).

As far as posting charts from GFT, the best way is to PrintSc and paste it in Word, edit it, save it and then use the attachment icon when posting a message. There is no other way to copy a chart from GFT and paste it directly here. I asked. The only other way I know of is thru Paint: PrintSc; paste to Paint, edit it, save it as JPEG and then post it here. But I find Paint a PAINT IN THE NECK to edit the chart.

I have to admit Blanca that I hate using SL, in part is because I hate losing and we all do, even if u admit it or not. I know is a recipe for disaster and I have eaten from that recipe like 3 times in my forex career. That is why I stress to trade according to acct size and that this will always be a learning process.

Now, from my studies (which emcompass from beg of 2004 to today), I've noticed that most of the time when a signal is triggered it goes with you. I base my target profit on the avg moves that it has had in the past. So for ex., like I mentioned in my previous post, the avg up move after signal is triggered for the EURUSD is around 190 pips. So taking the last buy signal on Aug 23 and having it triggered on AUg 30th, right now TODAY, we are sitting at close to 200 pip profit. IF you havn't got out yet I would suggest get rid of half of your positions and bring the remainder above your entry point so u can also lock some profit on the remainder lots. IF like u mentioned, u are using only 1 lot, then I would trail it, but knowing that the avg move up is 200 pips, my trail stop WOULD NOT be 100 pips away.It will be closer. You can use ATR, Support/Resist, X # of pips, X # of $, mov avgs, bollinger bands, parabolic SAR, IT IS UP TO YOU HOW MUCH PROFIT YOU WANT and how much profit are u willing to give back.

Remember, you will never catch the top nor the bottom, might get lucky everyonce in a while, but the chances are heavily against you. So my advice is study how much it moved previously when u got a buy or sell signal. Add a little bit of feeling for the market and that should give you your target point and a stop loss after u r profitable.

If you entered a position and it went against u from the start and has not been profitable, u have 2 options (actually 3 as explained in the GBPCHF chart): 1)get out with a predefined stop loss or, 2)wait for signal to cross the other way and that signal to be triggered and then you will have to stop and reverse.

Hope this answer ur question, but dont hesitate to ask more.

Attached is the spreadsheet for EURUSD, it goes from beg of 2004 to today (well actually a couple of months ago).

The spreadsheet is divided in 2, up crosses and down crosses.
Let me explain 1 of the columns: the first "neg column" (it should be column c). Negative column has the maximum negative move after an entry signal before that signal is triggered without the indicator crossing down to the other side. Let me explain: say u get a buy signal on EURUSD @ 1.3000. The pair starts going down BEFORE triggering that signal to say, 1.2900 and then starts coming back up, hits your stop entry and goes up to 1.3100. So in column a you will see your entry point (1.3000), column c will show the max neg mvmnt (1.2900) and column d will give you the max pos mvmnt (1.3100).
The other 2 columns are the results of adding or substracting. The same goes for the other side
AT the bottom u will see the avg & median of the entries. Then u will see some tables which list the frequency of neg & pos movements broken down by 15 pips and at the bottom u will see a chart reflecting the entries of those tables. There are 4 charts since there is an entry for an up cross with neg & pos mvmnt and a down cross with neg & pos movmt.
Hope it helps.

WOOOOOO, HOUSTON WE HAVE A PROBLEM. Cant' attach an Excell file. Will try another method, or if someone knows how, please let me know.

Well guys, Word came to the rescue, so I am attaching it in a word doc. If anybody still knows how to post excell spreadsheets, let me know because I think it will be easier for you guys to see it and play with it.

It might be that your excel file is to big. If so, just zip the file first.

Or if it has an unusual file extention, zipping it will solve the problem.

To zip the file, right click on the file and select sendto there will be a menu and just select zipped. It will create a new file in addition to the existing file that has the extension zip.

THANKS SMJONES

Attached is the EURUSD chart & my explanation. I will post the excell spreadsheet in another post.

here is the eurusd spreadsheet.

thanks again smjones

Here is a freeware program called Screenhunter, that allows you to draw a box around the area of the screen you want to save. It then saves it to a file as a JPG or a GIF and you can just upload that picture directly wtihout the need to paste to Word or Paint