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CCFp Cluster indicator system

  • #21
  • Dec 2, 2015 6:19am Dec 2, 2015 6:19am
I don't know that this thread still active.
Problem with this you don't know when it is going to reverse. Bad timing.
Holy grail, pls pm
  • #22
  • Dec 2, 2015 6:35am Dec 2, 2015 6:35am
You can use a stoch or macd to help with reversals.
  • #23
  • Dec 12, 2015 3:48am Dec 12, 2015 3:48am
Hey iamgotzaa, I have sent you a private message, please have a look. Thank you!
  • #24
  • Jan 19, 2016 1:16pm Jan 19, 2016 1:16pm
what happen with this thread? the ea seems very good, doesn`t it ?
  • #25
  • May 17, 2016 8:54pm May 17, 2016 8:54pm
Hi!

I did the download and followed the steps to add this indicator, but is available just on 1min, 5min and 15min. On the other times the color and lines are not available.

What I need to do?
  • #26
  • May 20, 2016 8:37am May 20, 2016 8:37am
Quoting iamgotzaa
I don't know that this thread still active. Problem with this you don't know when it is going to reverse. Bad timing.
Hi,

I tried your EA abc1. It's quite successful at the starter as it took 12-13 trades on London open. Other than just a single trade all the other trades were positive. Some trades have grabbed 40-50 pips within less than an hour. I can see you have coded TP and SL based on the ATR and on a long haul.

After about 2 hours all trades started reversing and I manually closed trades as per this picture.

I wonder whether you will be able to add the following features to the EA so I can test it on Demo as well as on Live platform.
1. Maximum open trades per time. (The user has no control over this as the EA can open all 28 pairs in a single time not considering the available equity).
2. Override the ATR TP and SL (Please do not completely remove the ATR feature but include an overriding option so the trader can include their own TP and SL)
3. Add TP and SL feature.

What I can see is with this EA you can earn 20 pips easily with 1:1 RR ratio and with a 15pip trailing.

Once a trade is closed (either TP of SL) the EA can check the CCFp file on each hour and will take trades up to the maximum open trades limitation.
Thanks for this.
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.JPG Size: 146 KB
  • #27
  • May 24, 2016 1:23pm May 24, 2016 1:23pm
If anyone is still interested and still testing this, I can add modifications to it. Let me know the mods you want and the assumption for such modifications.

Peter
  • #28
  • May 24, 2016 5:15pm May 24, 2016 5:15pm
Quoting ajewopf
If anyone is still interested and still testing this, I can add modifications to it. Let me know the mods you want and the assumption for such modifications. Peter
Hi Peter,

Thanks for helping traders. Iamgotzza (the thread owner) is currently working on this modifications.
Last couple of days I did some trading using manual 20pips TP and open (very large) SL. The following were the results. I also think we can try two simultaneous trades (buy and sell as a hedge) with 20 pips each way. Every time EA will open 2 trades in both ways and most of the time we can grab both movements with 40pip SL (RR 2:1). The downside is if goes on one direction only then the loss will limit to 20 pips (20 profit - 40 loss).
Attached Image (click to enlarge)
Click to Enlarge Name: Trades 20pips.JPG Size: 186 KB
  • #29
  • May 24, 2016 8:46pm May 24, 2016 8:46pm
Quoting JeeJay
{quote} Hi Peter, Thanks for helping traders. Iamgotzza (the thread owner) is currently working on this modifications. Last couple of days I did some trading using manual 20pips TP and open (very large) SL. The following were the results. I also think we can try two simultaneous trades (buy and sell as a hedge) with 20 pips each way. Every time EA will open 2 trades in both ways and most of the time we can grab both movements with 40pip SL (RR 2:1). The downside is if goes on one direction only then the loss will limit to 20 pips (20 profit - 40...
JeeJay,

I'm interested in the way you tested both ways i.e. placing buy and sell orders simultaneously. My questions...

1. Do you open the orders during London Open?
2. What pairs you use?
3. How long been testing this idea?
4. Do you interfere once orders were placed?

Thank you.
  • #30
  • May 24, 2016 8:50pm May 24, 2016 8:50pm
Quoting goldcourse
{quote} JeeJay, I'm interested in the way you tested both ways i.e. placing buy and sell orders simultaneously. My questions... 1. Do you open the orders during London Open? 2. What pairs you use? 3. How long been testing this idea? 4. Do you interfere once orders were placed? Thank you.
Hi, Nothing is conclusive as of now as the EA is under modification by the thread owner.
Therefore, don't use any of the methods till the testing is done.
  • #31
  • May 24, 2016 9:01pm May 24, 2016 9:01pm
Quoting JeeJay
{quote} Hi, Nothing is conclusive as of now as the EA is under modification by the thread owner. Therefore, don't use any of the methods till the testing is done.
Ok.
  • #32
  • May 26, 2016 8:56am May 26, 2016 8:56am
One way of not making the EA trade always is to define points of entry. At the present moment, the EA will enter trades not too stringent conditions and that is why it appears it is making trading always.

I am testing the EA on very few pairs so I can easily monitor the filtering conditions I want to introduce. Once I am done, I will share here
  • #33
  • Jun 14, 2016 3:44am Jun 14, 2016 3:44am
Quoting JeeJay
{quote} Hi Peter, Thanks for helping traders. Iamgotzza (the thread owner) is currently working on this modifications. Last couple of days I did some trading using manual 20pips TP and open (very large) SL. The following were the results. I also think we can try two simultaneous trades (buy and sell as a hedge) with 20 pips each way. Every time EA will open 2 trades in both ways and most of the time we can grab both movements with 40pip SL (RR 2:1). The downside is if goes on one direction only then the loss will limit to 20 pips (20 profit - 40...
Hi Jeejay. Which ea did you use? On my side, I already tested one ea based on dashboard trading, ccfp diff created by ferru. The result is great. But once the market stop trending, the result will suffer, a lot...
  • #34
  • Jun 14, 2016 3:45am Jun 14, 2016 3:45am
Quoting ajewopf
One way of not making the EA trade always is to define points of entry. At the present moment, the EA will enter trades not too stringent conditions and that is why it appears it is making trading always. I am testing the EA on very few pairs so I can easily monitor the filtering conditions I want to introduce. Once I am done, I will share here
Are you still open for suggestions? Can we chat about the exit criteria?
  • #35
  • Jun 14, 2016 3:53am Jun 14, 2016 3:53am
Quoting goldcourse
{quote} JeeJay, I'm interested in the way you tested both ways i.e. placing buy and sell orders simultaneously. My questions... 1. Do you open the orders during London Open? 2. What pairs you use? 3. How long been testing this idea? 4. Do you interfere once orders were placed? Thank you.
I want to share what I knew after operating some other ea based on currency strength meter and ccfp related. 1. Trade taken during London session usually profitable enough to cover your target for whole day. It depends on your favorite pair. 2. You can see by yourself in his printscreen. Avoid high spread pairs if possible.3. I've been testing on and off from last year. I noticed that we need a better exit strategy. 4. If stop loss is there, No need to interfere. And, one thing that make me interested is - in one fine good day, you will easily make 50% of your account automatically.... This happen because we're able to trade all pairs that are moving..
  • #36
  • Jun 14, 2016 11:59am Jun 14, 2016 11:59am
Quoting redwed
{quote} I want to share what I knew after operating some other ea based on currency strength meter and ccfp related. 1. Trade taken during London session usually profitable enough to cover your target for whole day. It depends on your favorite pair. 2. You can see by yourself in his printscreen. Avoid high spread pairs if possible.3. I've been testing on and off from last year. I noticed that we need a better exit strategy. 4. If stop loss is there, No need to interfere. And, one thing that make me interested is - in one fine good day, you will...
then , do you get to earn money every month? thank so much
  • #37
  • Jun 17, 2016 11:09pm Jun 17, 2016 11:09pm
Quoting bolsistico
{quote} then , do you get to earn money every month? thank so much
Attached Image (click to enlarge)
Click to Enlarge Name: bujdFQx.png Size: 79 KB


Attached is another EA based on currency strength meter on Demo account.

I'm experimenting with many kind of Currency Strength Meter, but it will fail once market ranging. All the indicators will make false assumptions that the currency is moving up/down after ranging for so long. It's important to define how 'range' will affect the EA.

I also created my own indicator from scratch (not ccfp or currency strength meter related) to generate signals across all pairs.
  • #38
  • Jun 18, 2016 5:25am Jun 18, 2016 5:25am
Quoting redwed
{quote} {image} Attached is another EA based on currency strength meter on Demo account. I'm experimenting with many kind of Currency Strength Meter, but it will fail once market ranging. All the indicators will make false assumptions that the currency is moving up/down after ranging for so long. It's important to define how 'range' will affect the EA. I also created my own indicator from scratch (not ccfp or currency strength meter related) to generate signals across all pairs.
Nice work Redwed. Are you going to post the EA?
Everything will be okay in the end. If it's not okay, it's not the end.
  • #39
  • Jun 18, 2016 11:15am Jun 18, 2016 11:15am
Guys All,

Read all the basic theory and practical about how using Cluster Indicators here:

THEORETICAL BASIS OF BUILDING CLUSTER INDICATORS FOR FOREX
13 July 2007, 14:04

https://www.mql5.com/en/articles/1464

PRACTICAL APPLICATION OF CLUSTER INDICATORS IN FOREX
3 September 2007, 15:30

https://www.mql5.com/en/articles/1472

And test before You are going to live trade.

I have no luck using this System. In fact this System was the first System that I have learned in 2009. So Good Luck then.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cluster live 1st1st trade.gif Size: 56 KB
Click to Enlarge Name: holygrail.gif Size: 62 KB
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  • #40
  • Jun 19, 2016 1:35am Jun 19, 2016 1:35am
Quoting theras2000
{quote} Nice work Redwed. Are you going to post the EA?
You can refer to this thread. As you can see, the thread has too many posts.

The problem lies with the R:R. The tp is 10% ADR and 40% ADR as sl. It's okay if you took the very first signal.

You maybe found some trouble if you get in late.

Trading with CCFp and CC also can be quite rewarding. You can reach my posts in Trading system using relative strength.

Currently i'm working on my dashboard of Currencies strength/weakness. I'm not ready to share it yet, because it have some flaws - and some filters need to be applied.
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