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Hi Forexpinbar,

If the whole basket hits the stoploss of 200, it might mean that the trend for these currencies has ended. So, will it be profitable if we immediately enter the trade in the opposite direction with the set profit of 500 instead?
Quoting spyderman
{quote} The CCFP is not adding the suffixes. It's just listing the pair without suffix so I guess the EA is picking up from that. I could modify the indicator or EA (probably) myself but don't have the source code for either. I can't recreate the error code now because we are on Tuesday now and EA is not attempting to place orders.

Done!. Version 3 will now detect any of the suffixes or prefixes that a broker may place on a symbol.

Jess
Attached File
File Type: ex4 xm7_Ccfp_Wkly_TradeMonitor_v3.ex4   39 KB | 809 downloads
Our AWESOME IMAGINATION is the true holy grail!
Quoting xmess7
{quote} Done!. Version 3 will now detect any of the suffixes or prefixes that a broker may place on a symbol. Jess {file}

Thanks xmess. I'll give it a swing. Any way to have it take a trade series even though Monday's past?
Quoting xmess7
{quote} Done!. Version 3 will now detect any of the suffixes or prefixes that a broker may place on a symbol. Jess {file}
xmess7,

Great work on this EA. Could I make a suggestion? Is it possible for you to include on the display the TIME that the Chart is displaying (which t he EA is now watching) and also display the TIME that we have put in the options of the EA?
That would be helpful so that we know we are setting the OPEN of the Entries at the right time.

Thanks.
Quoting spyderman
{quote} Thanks xmess. I'll give it a swing. Any way to have it take a trade series even though Monday's past?
Explain exactly what you want and I'll code it. As soon as I get a chance I am going to add the virtual trades, just to get ready for the idea that has been presented.

Right now all u need to do is it F3 (Global Variables) and delete the entries ReachedWeekProfit and week_pips.
Then just place the trades manually. The EA will monitor the pips for the basket you created. This way u can see it in action and basically make sure that it hits +500 or -200 pips. OR whatever targets u set.

Jess
Our AWESOME IMAGINATION is the true holy grail!
Quoting xmess7
{quote} Explain exactly what you want and I'll code it. As soon as I get a chance I am going to add the virtual trades, just to get ready for the idea that has been presented. Right now all u need to do is it F3 (Global Variables) and delete the entries ReachedWeekProfit and week_pips. Then just place the trades manually. The EA will monitor the pips for the basket you created. This way u can see it in action and basically make sure that it hits +500 or -200 pips. OR whatever targets u set. Jess
xmess7,

For testing purposes:

I have placed the EA on the CCFp chart. I have checked F3 GV. There are no GV to delete. I have entered the the TIME from my broker plus 5 mins(example TIME is 07:45 so + 5 would be 07:50) into the EA. And then wait for it to take the currency pairs displayed on the chart, but nothing happens. I done this many different ways. Reinstalling indicator and EA. But it doesn't seem to be finding the right time.
So I thought maybe the EA and the broker time are not the same. So if the EA displayed the TIME and the EA TIME Option we could see if it is watching for the correct TIME.

Bruce
Quoting Forexpinbar
Basket closed for a loss SL=200pips has been hit...Wont open any more trades until next week. {image}
Hi Forexpinbar

Interesting system

In my opinion there are too many red news in this week. NZD GBP, USD CAD etc. The market may not move until those news are out in a clear direction.

So not easy to reach 500 pips

br

Pbptaker
Quoting xmess7
{quote} toscano: Hi, make sure you have downloaded the latest version. I will have to use your broker, FXDD, to duplicate the error. Error 129 means invalid price. that means that the EA is either using the ASK price to SELL or that it is using the BID price to BUY. I don't think this is the case cause I made sure that the EA would take care of this. I'll set it up when I get home and see why it is generating the error. I may be sending u a script that uses the exact same buy sell codeso we can also test it on your broker. For now re-download the...
Hi, xmess7,
thank you for the answer. I downloaded the version 3 and the result is in the picture below: all values are 0, and there isn't error 129.
For me now is all ok.
Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 196 KB
Quoting xmess7
{quote} Explain exactly what you want and I'll code it. As soon as I get a chance I am going to add the virtual trades, just to get ready for the idea that has been presented. Right now all u need to do is it F3 (Global Variables) and delete the entries ReachedWeekProfit and week_pips. Then just place the trades manually. The EA will monitor the pips for the basket you created. This way u can see it in action and basically make sure that it hits +500 or -200 pips. OR whatever targets u set. Jess
xmess7,

I am wondering. Maybe my testing of the EA doesn't work because the EA limits itself to take entries to only Mondays. I have been doing this testing on Tuesday, so maybe that is why the EA is not taking entries according the TIME option because it is not Monday. Is that true? If it is, can an option be put in to choose which day of the week for the EA to work?

Thanks.

Bruce
Quoting khunvi
Hi Forexpinbar, If the whole basket hits the stoploss of 200, it might mean that the trend for these currencies has ended. So, will it be profitable if we immediately enter the trade in the opposite direction with the set profit of 500 instead?
Interesting idea
Quoting toscano
{quote} Hi, xmess7, thank you for the answer. I downloaded the version 3 and the result is in the picture below: all values are 0, and there isn't error 129. For me now is all ok. Thank you {image}
toscano: thank you for the quick response. Make sure that your history is showing at lest the week or all of history. Go to the "history" tab and right click . You can then select "All historia" .

I created a demo account with FXDD and installed the indicators and EA. I didn't have any issues like u. You can see in my image, there are no dashes ( - ) before the 0s. And there are not errors in the Experts Tab. So it loaded ok.
Like I said before. Look at your "historico operazioni" and make sure u have enough history in that tab. That may be affecting the calculation and causing a - to show up in front of the zero's.

Grazie,
Jesus
Attached Image (click to enlarge)
Click to Enlarge Name: fxdd.jpg Size: 220 KB
Our AWESOME IMAGINATION is the true holy grail!
One thing about what we can think is that mondays and fridays is days when price can go of oposite direction of trend
Quoting brucech
xmess7, Great work on this EA. Could I make a suggestion? Is it possible for you to include on the display the TIME that the Chart is displaying (which t he EA is now watching) and also display the TIME that we have put in the options of the EA? That would be helpful so that we know we are setting the OPEN of the Entries at the right time. Thanks.
Anything is possible with MT4 code. I have done many things and this by far is the easiest lol .

So tell me exactly what you want to see. Are you refering to have the display show the TimeFrame or do you just want it to show the London Open you placed in the Inputs?

Thnx
Jess
Our AWESOME IMAGINATION is the true holy grail!
Sorry to bother you but my EA does not display the blue box.
I don't think it is that important as long as it enters the orders correctly.
Attached Image
One against the many.
Quoting xmess7
{quote} toscano: thank you for the quick response. Make sure that your history is showing at lest the week or all of history. Go to the "history" tab and right click . You can then select "All historia" . I created a demo account with FXDD and installed the indicators and EA. I didn't have any issues like u. You can see in my image, there are no dashes ( - ) before the 0s. And there are not errors in the Experts Tab. So it loaded ok. Like I said before. Look at your "historico operazioni" and make sure u have enough history in that tab....
Thank you mess7,

I see like you said, but the image is before.

Later I see what I can do.

Leonardo
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 194 KB
Quoting Forexpinbar
{quote} You need to enter the trades manually into the Dashboard..The dashboard is not an autotrader..It only helps you to enter your trades and manage them..You need to read more about dashboards..
Got it..... thank you waiting for next Monday.........
Quoting xmess7
{quote} Anything is possible with MT4 code. I have done many things and this by far is the easiest lol . So tell me exactly what you want to see. Are you refering to have the display show the TimeFrame or do you just want it to show the London Open you placed in the Inputs? Thnx Jess
xmess7,

Here is what I was thinking about. I still haven't been about to get it to open any positions no matter what time I put in. Broker time, GMT time, Chart Time, Local time. So does it only look at the time on Mondays only?

Thanks.

Bruce
Attached Image (click to enlarge)
Click to Enlarge Name: EA options.jpg Size: 90 KB
Forexpinbar, thanks for posting this trading idea and the indicator you use for selecting the pair and trading direction.

As per the rules, CCFp-Diff_[v2.0].ex4 is on the weekly time frame to provide the pair selection and trading direction but I missed the Monday London Open so I'm testing something similar on all 27 pairs. The point is to show that basket trading on a fixed number of pairs or, pairs provided by CCFp-Diff_[v2.0].ex4 for example, can be a good idea.

For intraday, the CCFp-Diff_[v2.0].ex4 indicator showed to trade short on GBPCHF, GBPJPY, CADCHF, CADJPY. Looking at the intraday results for day 1, the pair selections by the indicator were fine but a much smaller overall profit target would be needed because there were only 4 pairs in the basket; something like 50 to 100. Another option might be to adjust the profit target based on how many pairs are in the basket for the trading session. For example, 10 for each pair which would be 40 for day 1.

I'll post the demo results here for each day until this over-leveraged demo account blows up. The reason I think it'll blow up is because I'm using high margin for one thing but this is needed for the possibility of reaching the 500 profit target for intraday.

I'm not sure how many days this will last but here's day 1.

Attached Image (click to enlarge)
Click to Enlarge Name: 500 Day 1.jpg Size: 200 KB
Quoting brucech
{quote} xmess7, Here is what I was thinking about. I still haven't been about to get it to open any positions no matter what time I put in. Broker time, GMT time, Chart Time, Local time. So does it only look at the time on Mondays only? Thanks. Bruce {image}
UPDATE version 4

brucech,
Great idea. this will make the EA more flexible and allow the user to initiate trades on the days they want.
But as for me I am sticking to the author rules. After all his 3 month record shows that it is profitable and well why change something that already works .

But this can be used for testing, so here you go version 4.
The inputs now have an entry for the day of the week you want the EA to start trading.

So guys better understand what the EA does.
1. The EA looks at the _DayOfWeek_ you selected and then waits for the "HOUR:minute" to start the trades that are listed by the ccfp indicator.
It only does this in a 5 minute window. So if after 5 minutes u close the trades the EA will not open any new trades.

2. The EA then monitors the total pips of the open trades until it reaches either the profit or stop pips.

3. Once the stop targets are reached the EA then closed the trades and sets a flag to remember that it is done for the week

4. The EA now waits for the new week and again like #1 looks at the _DayOfWeek_ and the OpenBrokerHour Inputs to determine when to start the new trades.

That;s it in a nutshell.

Oh if you really want to the EA fresh before the end of the week hit F3 and in the GlobalVariables window delete "week_pips" and "ReachedWeekProfit". You are essentially wiping the EAs memory LOL . So it will then think that it is a new week .

If you guys think it is necessary I can add a STOP ALL TRADES button. This will close the trades and reset all that GlobalVariable stuff for you. It would be good for emergency stopping or just closing the trades cause you are satisfied with the profit. See the image.

Take care,
Jess

EDIT: Version 4 does not have the Stop All Trades button, I am just showing what it would look like.
Attached Image (click to enlarge)
Click to Enlarge Name: ccfp_button.jpg Size: 324 KB
Attached File
File Type: ex4 xm7_Ccfp_Wkly_TradeMonitor_v4.ex4   42 KB | 775 downloads
Our AWESOME IMAGINATION is the true holy grail!
Quoting TGS
Forexpinbar, thanks for posting this trading idea and the indicator you use for selecting the pair and trading direction. As per the rules, CCFp-Diff_[v2.0].ex4 is on the weekly time frame to provide the pair selection and trading direction but I missed the Monday London Open so I'm testing something similar on all 27 pairs. The point is to show that basket trading on a fixed number of pairs or, pairs provided by CCFp-Diff_[v2.0].ex4 for example, can be a good idea. For intraday, the CCFp-Diff_[v2.0].ex4 indicator showed to trade short on GBPCHF,...
TGS:
You are on the right track. All you need to do now is calculate the stats for when the basket CRASHES. You need that so then u can formulate a plan to exit with an acceptable loss or even break even. Then you also calculate the stats for how many times it is successful vs the time you exit the basket with acceptable loss or no loss. Then you will have the real numbers that will let you know how successful this approach (the way u are using it) is. I am telling you right now. If what you are showing is successful say 90% with 10% being the drawdown moment when u get out with small loss or BE. Then you have a winner.

For example I have an EA that I know will fail 1-2 times in 4 month period. I also know that when it does lose, I get out with an acceptable loss such that I recover all of the loss within 2 weeks. Plus I know that their is 99% probability of the recovery. So you see it's about knowing when it fails, how many times it fails, how to minimize the failure, and then what the probability of the recovery of that loss, and the time it will take. These are the most important things to know of your approaches. Once you have that info you will never lose alot again. It is virtually impossible cause you will be controlling WHEN you get out and how much is acceptable to lose. The only way to lose like that is if you became realy stupid LOL and just let the approach or EA continue on it's own. And as we all know EAs CRASH LOL.

Peace and success to all..
Jess
Our AWESOME IMAGINATION is the true holy grail!
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