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Attachments: CCFp weekly signals (set and forget basket trading)
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CCFp weekly signals (set and forget basket trading)

  • #261
  • Feb 7, 2017 1:08pm Feb 7, 2017 1:08pm
Quoting Forexpinbar
{quote} Hi TGS..Is that 2401pips you made today?
No. He opened several trades per pair on low lotsize instead of one trade with bigger lotsize.
  • #262
  • Edited 2:57pm Feb 7, 2017 1:14pm | Edited 2:57pm
Quoting Forexpinbar
This week's basket results..Basket stopped out for a loss of 200pips..Losses are part of the game that is why it makes sense to risk only 2% of our account on a single basket trade.Proper risk management cannot be underestimated in forex trading.Will wait till next week to open basket on Monday..Till then..Green pips to you all. {image}
mine is running because set sl not at pips but cash,lagest drawdown I get is 206 pips so by the rules I got sl too,at the moment got something about 250 pips plus

PS: I am on live acc
  • #263
  • Feb 7, 2017 4:47pm Feb 7, 2017 4:47pm
My basket also did not hit the stop loss and is now 313 pips up. I'm on Oanda. No way to tell if this is luck or if there's something to trading the basket in the way we're doing, according to this thread.

I've played around with the CCFp indicator in the past and here are my thoughts, for whatever they're worth:

Once a pair is in the strong/weak category (9-10 vs. 1-2), the trend is already extended and may not last much longer. So either we find a way to enter those pairs that are strengthening/weakening but not already at the top/bottom categories, or we take the strongest/weakest pairs and wait for a pullback to enter. But now we no longer have an easy, mechanical, set-and-forget strategy.

Does anyone have any thoughts or suggestions?
  • #264
  • Feb 7, 2017 5:08pm Feb 7, 2017 5:08pm
@Forexpinbar As LFN pointed out, the pip count by itself without looking at the number of trades can be a misleading statistic. If you're wanting to make a comparison, 2401 pips divided by 83 trades estimates on average, 1 trade was a 30 pip trade. This is ignoring various pairs traded with different take profits.

Things get more complicated if someone trades exotic pairs such as USDMXN among majors and minors which would show a biased pip count from the start.
  • #265
  • Feb 7, 2017 6:27pm Feb 7, 2017 6:27pm
Quoting gilab
Once a pair is in the strong/weak category (9-10 vs. 1-2), the trend is already extended and may not last much longer. So either we find a way to enter those pairs that are strengthening/weakening but not already at the top/bottom categories, or we take the strongest/weakest pairs and wait for a pullback to enter. But now we no longer have an easy, mechanical, set-and-forget strategy. Does anyone have any thoughts or suggestions?
I agree, any currency strength system I've tried in the past has been too slow off the mark. Personally I think Forexpinbar has just had a lucky streak up until now, but I'm happy to be proven wrong!
  • #266
  • Feb 7, 2017 6:43pm Feb 7, 2017 6:43pm
Quoting skoda2008
{quote} I agree, any currency strength system I've tried in the past has been too slow off the mark. Personally I think Forexpinbar has just had a lucky streak up until now, but I'm happy to be proven wrong!
I'm still interested in looking at this and giving it a chance. In order to improve entry but still keep it simple, instead of entering right at London open, what if we make our hit list at the London open from the CCFp and then wait for a cross from under to over the 20 line on Stochastics in each currency that we have on the buy list, and then enter. If the signal line is never crossed, we don't enter that pair.

I don't think we should start adding 20 indicators and try to pinpoint entry. That defeats the purpose. I just want to improve the edge by entering in the right direction at closer to the right time.
  • #267
  • Feb 7, 2017 7:00pm Feb 7, 2017 7:00pm
Attached Image
  • #268
  • Feb 7, 2017 7:02pm Feb 7, 2017 7:02pm
Quoting skoda2008
{quote} I agree, any currency strength system I've tried in the past has been too slow off the mark. Personally I think Forexpinbar has just had a lucky streak up until now, but I'm happy to be proven wrong!
His system is based on weekly ccfp. once market has a reversal. How long does it take for it to register the trend in opposite direction for pairs?
  • #269
  • Feb 7, 2017 8:11pm Feb 7, 2017 8:11pm
@gilab I said to Forexpinbar in this post that the CCFp-Diff_[v2.0] indicator was the only thing in common with his Weekly London Open system and he still encouraged me to post my intraday results and use of CCFp-Diff_[v2.0].

It sounds like you also would like to make your own entries and therefore you aren't doing the Weekly London Open system.

Since every trader has their own individual way of trading and decision making, it makes more sense to contribute in better uses of the CCFp-Diff_[v2.0] indicator. In other words, what, when, how, etc. For instance, so far I have found that the 0700 GMT+2 H4 candle gives the most reliable signal with roughly anywhere from 10 to 50 pips but I haven't tested many other combinations.

Since you've played around with the CCFp indicator in the past, can you tell us about the different versions or different settings or various ways of using it or several of them at the same time that would provide more quality tradable pairs?
  • #270
  • Feb 7, 2017 8:16pm Feb 7, 2017 8:16pm
Quoting ficibald
{quote} mine is running because set sl not at pips but cash,lagest drawdown I get is 206 pips so by the rules I got sl too,at the moment got something about 250 pips plus PS: I am on live acc

ficibald:
Great job. I myself use $profit instead of pips in many approaches and you are live too. that is the best way to test this stuff. I too like to use live account when testing.
Even if it is a small amount you still get the whole sensation LOL.
Our AWESOME IMAGINATION is the true holy grail!
  • #271
  • Feb 7, 2017 8:17pm Feb 7, 2017 8:17pm
H, TGS! Great job!
0700 GMT+2 = 07:00 (i.e. GMT 2 + 5 ?) or 07:00 + 2 = 09:00 ?
Do you use H4 + H1 ?
Thanks!
  • #272
  • Feb 7, 2017 8:37pm Feb 7, 2017 8:37pm
@lghr I'm using the 0700 GMT+2 H4 candle with Trade_Level = 2. This doesn't always provide a signal so I've found it's OK to take a lesser quality opportunity by changing Trade_Level to 1 and simultaneously looking at H4 CCFp-Diff_[v2.0] and H1 CCFp-Diff_[v2.0] from the 0700 to see which pairs and directions are the same in both.

If GMT + 2 = 7 then GMT + 2 - 2 = 7 - 2 so GMT = 5, GMT + 5 = 10, etc.
  • #273
  • Feb 7, 2017 9:13pm Feb 7, 2017 9:13pm
Quoting TGS
@lghr I'm using the 0700 GMT+2 H4 candle with Trade_Level = 2. This doesn't always provide a signal so I've found it's OK to take a lesser quality opportunity by changing Trade_Level to 1 and simultaneously looking at H4 CCFp-Diff_[v2.0] and H1 CCFp-Diff_[v2.0] from the 0700 to see which pairs and directions are the same in both. If GMT + 2 = 7 then GMT + 2 - 2 = 7 - 2 so GMT = 5, GMT + 5 = 10, etc.
I see, thank you reply. GMT Time 05:00.
  • #274
  • Feb 7, 2017 10:13pm Feb 7, 2017 10:13pm
@lghr The 0700 GMT+2 candle just closed and H4 with Trade_Level = 2 didn't provide any signals so then I changed to Trade_Level = 1 and looked at both H4 and H1 for same pair and same direction and this didn't provide any signals either so continuing with accepting lower quality trading opportunities, I switched to only H4 with Trade_Level = 1 and, this provides long trades on USDCHF, GBPNZD, GBPJPY, GBPCHF, GBPCAD, GBPAUD. This H4 Trade_Level = 1 signal is not as strong but these pairs will be the intraday trading pairs.
  • #275
  • Feb 7, 2017 10:35pm Feb 7, 2017 10:35pm
Quoting TGS
@lghr The 0700 GMT+2 candle just closed and H4 with Trade_Level = 2 didn't provide any signals so then I changed to Trade_Level = 1 and looked at both H4 and H1 for same pair and same direction and this didn't provide any signals either so continuing with accepting lower quality trading opportunities, I switched to only H4 with Trade_Level = 1 and, this provides long trades on USDCHF, GBPNZD, GBPJPY, GBPCHF, GBPCAD, GBPAUD. This H4 Trade_Level = 1 signal is not as strong but these pairs will be the intraday trading pairs.
Trade_Level = 1， H4 and H1, GMT 05:00, ok.
  • #276
  • Edited 10:54pm Feb 7, 2017 10:43pm | Edited 10:54pm
Will be interesting to see how it goes, I was just thinking the CCFp-diff MTF indi was doing a good job keeping me out of the market so far today!
Good Trading
  • #277
  • Feb 8, 2017 1:51am Feb 8, 2017 1:51am
ccf my weekly trade till now running
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ccf.png Size: 50 KB
Click to Enlarge Name: ccf1.png Size: 41 KB
Any broker, same result
  • #278
  • Feb 8, 2017 2:12am Feb 8, 2017 2:12am
anybody know why never appear signal with eur pairs,it some kind of bug by CCFP indi?its interesting
  • #279
  • Feb 8, 2017 2:17am Feb 8, 2017 2:17am
Quoting ficibald
anybody know why never appear signal with eur pairs,it some kind of bug by CCFP indi?its interesting
Since I started trading this strategy I have never received a weekly signal for EUR/USD which is quite strange..Maybe the coders can answer this question..By the way how is your basket going?
Goal of a successful trader is to make the best trades. Money is secondary
  • #280
  • Feb 8, 2017 2:18am Feb 8, 2017 2:18am
Quoting mjavedh
ccf my weekly trade till now running {image} {image}
Are you trading the same strategy we are all trading on this thread because your results look different?
Goal of a successful trader is to make the best trades. Money is secondary
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