CCFp weekly signals (set and forget basket trading) | Page 23 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Updated CCFp and CFP indis for relative strength trading 55 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Set it & Forget it GBP and CHF signals... 6 replies

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

CCFp weekly signals (set and forget basket trading)

  • #441
  • Feb 16, 2017 2:03pm Feb 16, 2017 2:03pm
Quoting xmess7
{quote} i tried to make the inputs intuitive: StartProfitLockAt=300 can be read like this Start (to) ProfitLock At +300 pips then when that happens TrailLockEvery=100 can be read as: Trail Lock Every +100 pips. So EA only starts to set profit locks after profit has is above +300pips. It then continues to move the profitlock up every time 100 more pips are reached. I think this is where u may of got confused. The lock is always have the max profit. That i hard coded into the ea. So if your total basket is say 1000 pips and it is timeto move the profitlock,...
Thanks buddy..Explanation is clear now..
Goal of a successful trader is to make the best trades. Money is secondary
  • #442
  • Feb 16, 2017 2:14pm Feb 16, 2017 2:14pm
thanks god have SL,my laptop is tired to keep monitoring trades need rest till next week
  • #443
  • Feb 16, 2017 8:16pm Feb 16, 2017 8:16pm
Hello to all, very interesting thread. I have a couple of questions if someone could assist please. In post one there are two templates, one is for signals and the other is a trade panel. My questions are:

1. If using the EA, is it necessary to have both templates on charts
2. Is the trade panel only necessary for manual trade entry

Thanks in advance for the assistance.
Regards
maahome
  • #444
  • Feb 16, 2017 10:22pm Feb 16, 2017 10:22pm
Quoting maahome
Hello to all, very interesting thread. I have a couple of questions if someone could assist please. In post one there are two templates, one is for signals and the other is a trade panel. My questions are: 1. If using the EA, is it necessary to have both templates on charts 2. Is the trade panel only necessary for manual trade entry Thanks in advance for the assistance. Regards maahome
hI,

The EA only needs the ccfp indicator loaded on the chart. The ccfp indicator must be set to the creators inputs. So for that to work you do the following:
1. Load the CCFpWEEKLYtemplate.tpl
2. Then Load the ccfp monitor EA and set the input hours (you can set the other inputs as well to your liking) to what the creator indicator in the second post rules.

The intent of the ccfp monitor EA is to follow the rules in page 1. It mimics those rules with the exception of closing on Friday, that is not programmed yet and you must do that manually.
Our AWESOME IMAGINATION is the true holy grail!
  • #445
  • Edited 10:59pm Feb 16, 2017 10:39pm | Edited 10:59pm
Quoting xmess7
{quote} hI, The EA only needs the ccfp indicator loaded on the chart. The ccfp indicator must be set to the creators inputs. So for that to work you do the following: 1. Load the CCFpWEEKLYtemplate.tpl 2. Then Load the ccfp monitor EA and set the input hours (you can set the other inputs as well to your liking) to what the creator indicator in the second post rules. The intent of the ccfp monitor EA is to follow the rules in page 1. It mimics those...
Thanks xmess7 - much appreciated. One further query. The time in the settings of the EA does that relate to the brokers time or GMT. I know this has been answered but I am just double checking. My broker is GMT +2 so to have London open (GMT 08:00) I would enter 10:00 - correct?

Thanks again
maahome
  • #446
  • Feb 17, 2017 12:08am Feb 17, 2017 12:08am
Quoting maahome
{quote} Thanks xmess7 - much appreciated. One further query. The time in the settings of the EA does that relate to the brokers time or GMT. I know this has been answered but I am just double checking. My broker is GMT +2 so to have London open (GMT 08:00) I would enter 10:00 - correct? Thanks again maahome
maahome:
Yep, it's the broker time that corresponds to the GMT time. Correct
Our AWESOME IMAGINATION is the true holy grail!
  • #447
  • Feb 17, 2017 1:07am Feb 17, 2017 1:07am
Quoting xmess7
{quote} maahome: Yep, it's the broker time that corresponds to the GMT time. Correct
Thanks again
maahome
  • #448
  • Feb 17, 2017 1:36am Feb 17, 2017 1:36am
Hi good traders...Today is Friday..Please share your results......Both losses and wins and explain why you think you lost and why you think you won so that we can all learn from the good and the bad..Green pips all..
Goal of a successful trader is to make the best trades. Money is secondary
  • #449
  • Feb 17, 2017 1:54am Feb 17, 2017 1:54am
Quoting Forexpinbar
Hi good traders...Today is Friday..Please share your results......Both losses and wins and explain why you think you lost and why you think you won so that we can all learn from the good and the bad..Green pips all..
  • #450
  • Feb 17, 2017 2:05am Feb 17, 2017 2:05am
A Little bit of motivation for you ladies and gentlemen..I love to listen to motivational audio when I am trading...Enjoy guys..I wish us all success in life.
Attached File(s)
File Type: mp3 Anything Is Possible - BUT ONLY If You BELIEVE It Is - Motivational Video.mp3   4.4 MB | 610 downloads
Goal of a successful trader is to make the best trades. Money is secondary
  • #451
  • Feb 17, 2017 2:50am Feb 17, 2017 2:50am
Quoting Forexpinbar
A Little bit of motivation for you ladies and gentlemen..I love to listen to motivational audio when I am trading...Enjoy guys..I wish us all success in life. {file}
Would you like to post your result FX pinbar ?
  • #452
  • Feb 17, 2017 3:00am Feb 17, 2017 3:00am
Quoting blueskykt14
{quote} Would you like to post your result FX pinbar ?
Read here https://www.forexfactory.com/showthr...16#post9559016 ...But I opened two baskets on Monday..One was opened exactly at London open which has been closed already because I used the wrong trade manager EA in attempt to lock in profits so EA closed all orders instantly without locking profits...But I still have my second basket in different demo account running which I opened 30minutes after London open..I will post results when New York closes today..NB:The results would have been better if I locked profits read here http://www.forexfactory.com/showthre...83#post9565383..
Goal of a successful trader is to make the best trades. Money is secondary
  • #453
  • Feb 17, 2017 3:11am Feb 17, 2017 3:11am
It's been a great reading these posts the last few days. I've setup mine to go for the first time next Monday on 2 demo accounts, 1 at opening and the other 30 min later. Be good to see how everyone goes today and how we all go in the future. Just had a question that I might've missed on previous posts. What is the difference between level 1 and 2? Is it the difference in the timeframes analaysed? Cheers in advance
  • #454
  • Feb 17, 2017 3:40am Feb 17, 2017 3:40am
Quoting Forexpinbar
{quote} Read here https://www.forexfactory.com/showthr...16#post9559016 ...But I opened two baskets on Monday..One was opened exactly at London open which has been closed already because I used the wrong trade manager EA in attempt to lock in profits so EA closed all orders instantly without locking profits...But I still have my second basket in different demo account running which I opened 30minutes after London open..I will post results when New York closes today..NB:The results would have been better if I locked profits...
Nice approach you got here. I mostly trade daily candle and personally prefer to work with higher R:R (1:6 at least), but I work on single pairs with tighter SLs. In this case I'd try to get 2/300 pips more than you do, especially if the basket is composed by trending pairs.
Have you tried to elaborate past results with a higher TP?

About trailing the profits, remember that for a 4/6 pairs basket 100 pips are almost nothing, let the basket have room to move.
Good luck.
  • #455
  • Feb 17, 2017 6:16am Feb 17, 2017 6:16am
Quoting L.m
{quote} Nice approach you got here. I mostly trade daily candle and personally prefer to work with higher R:R (1:6 at least), but I work on single pairs with tighter SLs. In this case I'd try to get 2/300 pips more than you do, especially if the basket is composed by trending pairs. Have you tried to elaborate past results with a higher TP? About trailing the profits, remember that for a 4/6 pairs basket 100 pips are almost nothing, let the basket have room to move. Good luck.
I think same if you lock profits you dont let price to move,need some space,but howewer need to test maybe locking hawe some edge
  • #456
  • Feb 17, 2017 8:55am Feb 17, 2017 8:55am
Quoting Forexpinbar
A Little bit of motivation for you ladies and gentlemen..I love to listen to motivational audio when I am trading...Enjoy guys..I wish us all success in life. {file}
thanks forexpinbar for sharing this - just a quick question:
when i set the indicator's TF to 10080, we need a week's time to test a cycle.
if we set the TF to 1440, every day is a cycle.
Do you think a daily cycle will have more edge ? (as it hopefully triggers more trades?)
Cheers
  • #457
  • Feb 17, 2017 9:04am Feb 17, 2017 9:04am
Quoting cjtylor
{quote} thanks forexpinbar for sharing this - just a quick question: when i set the indicator's TF to 10080, we need a week's time to test a cycle. if we set the TF to 1440, every day is a cycle. Do you think a daily cycle will have more edge ? (as it hopefully triggers more trades?) Cheers
It theoretically should
  • #458
  • Feb 17, 2017 11:27am Feb 17, 2017 11:27am
Quoting xmess7
{quote} hI, The EA only needs the ccfp indicator loaded on the chart. The ccfp indicator must be set to the creators inputs. So for that to work you do the following: 1. Load the CCFpWEEKLYtemplate.tpl 2. Then Load the ccfp monitor EA and set the input hours (you can set the other inputs as well to your liking) to what the creator indicator in the second post rules. The intent of the ccfp monitor EA is to follow the rules in page 1. It mimics those...
Hi xmess7,

I have a silly question, since you named your EA as "......Trade Monitor". Does this EA place all trades automatically at the beginning of the week or do we have to place trade manually? I don't know whether this is explained earlier in this thread.

Thanks.
Roy
  • #459
  • Feb 17, 2017 11:49am Feb 17, 2017 11:49am
Quoting RoyPK
{quote} Hi xmess7, I have a silly question, since you named your EA as "......Trade Monitor". Does this EA place all trades automatically at the beginning of the week or do we have to place trade manually? I don't know whether this is explained earlier in this thread. Thanks. Roy
It executes all trades showing up on ccfp signals.
  • #460
  • Feb 17, 2017 12:08pm Feb 17, 2017 12:08pm
Quoting meepstone
{quote} It executes all trades showing up on ccfp signals.

Thanks meepstone for the clarification.

Have a nice day.

Roy
10 traders viewing now