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CCFp weekly signals (set and forget basket trading)

I have -200 pips. open time 10:30 icmarket.
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Quoting meepstone
{quote} That might be a good strategy. I was trying to test daily and set a TP based on how many pairs were traded. For every pair target 20 pips per pair for the day. Repeat next morning. Going to continue to see how it goes next week. To clarify my daily strategy. Example 4 pairs traded and opened. TP is 80 pips for the basket. Once 80 pips profit combined close all positions.
Hi
Do you set any stop on the daily basket? For example a basket of 4 with target of 80 pips which you are experimenting, does it have a stop of 40 pips?
Regards
Quoting howard
{quote} Hi Do you set any stop on the daily basket? For example a basket of 4 with target of 80 pips which you are experimenting, does it have a stop of 40 pips?

I guess I should of said something about my stop strategy. Yes you guessed correct. Everyday will be different tp and sl based on pair positions opened for daily basket. Will see how this works in practice. Will see how things go this coming week. As time goes on I might change or tweak things if I think it will improve or get any good ideas or feedback I'll adjust.
Hi

Has anyone got an explanation of what this indicator does to come up with the suggested pairs?

Thanks
Quoting Forexpinbar
{quote} Wow juicy pips and well done..Who is your broker? because your weekly signals from CCFp indicator are more than some of us.
Yes it was a good week. The broker is fxcm. I did a small study if i kept the system working till friday night 10 min before closing I found that i would earn 975 pip.
Comparing to 822 pip caught on tuesday i won't take the risk till friday evening.
Happy trading to all of us and hope tmw will be another fruitful week.
Best
Mo
Quoting Ivanyo
Hi Has anyone got an explanation of what this indicator does to come up with the suggested pairs? Thanks
Hi Ivanyo:

Let me give it a try:

1. Indicator determines the timeframe to which it will look for it's values. Week, day whatever it will look to the beginning of that time period and start looking for MA values to find strength and weakness

2. The indicator uses the moving averages of each pair to calculate strengths. It then separates each individual currency and creates a scale from 1-10 for each. The scale is based on the highest to lowest strength

3. The indicator then looks to see each pair u selected as Tradeable (example Trade_EURUSD=True), it then compares the individual currencies of each pair like this:
if the EUR strength>Trade_Level and USD<-Trade_Level the indicator will then place the EURUSD on the chart as a suggestion to trade as a buy.
The opposite for a sell would then be if EUR strength<-Trade_Level and USD>Trade_Level

There are probably a couple more things that I am missing but that's it in a nutshell.
Our AWESOME IMAGINATION is the true holy grail!
Version 13, fix to version 12.

Folks: I just got a report that version 12 does not work properly, it closes the trades immediately, no matter if u choose basket or Individual_trades.

I found the issue and have removed it. Version 13 should now work properly for either basket or individual_trades. Please report any problems as they come up. If version 13 turns out not to work you can use version 11, that is the last stable version without the lockprofit or Individual_Trades features.

What was the ERROR?:
The issue was with the trailing equity stop that I had coded for the individual trades. I had the code on all the time, so that even if u selected basket the trailing lock profit for individual trades the EA would still close all the trades prematurely. I removed the trailing lock for the individual trades. The individual trades will still have their individual take profit and stops but those will be static and not be changed. The basket configuration should be ok and move the lock-profit accordingly.

Forexpinbar: Please add this version to page 1 leave version 11 (last stable version) until we verify that version 13 is working.
Attached File
File Type: ex4 xm7_Ccfp_Wkly_TradeMonitor_v13.ex4   47 KB | 279 downloads
Our AWESOME IMAGINATION is the true holy grail!
Hi Everybody,

Here I would like to draw your attention to a similar thread in FF by E.S. Trader where master FerruFX was a major contributor:

http://www.forexfactory.com/showthread.php?t=113181

Going through the above cited thread may be useful for the progress of this thread. Just my opinion.

Have a nice day.

Roy
Quoting Forexpinbar
Hello all new and experienced traders..I have been testing this set and forget strategy for about 3 months now but for the first two months I didnt take it seriously until the third month which is January 2017 that I started paying serious attention to this method because of its simplicity , effectiveness and profitability and I have to admit that the results are quite impressive so I decided to share this simple strategy so that we can all trade it together and make any improvements if necessary..All suggestions and criticisms are welcomed..FYI...



Hei r sayng you r person who believes in making money with money!!

So i hawe one simple question!
Do you hawe 5,000.00 usd in real money that you testing the system with 5,000.00 deposit??
Quoting xmess7
Version 13, fix to version 12. Folks: I just got a report that version 12 does not work properly, it closes the trades immediately, no matter if u choose basket or Individual_trades. I found the issue and have removed it. Version 13 should now work properly for either basket or individual_trades. Please report any problems as they come up. If version 13 turns out not to work you can use version 11, that is the last stable version without the lockprofit or Individual_Trades features. What was the ERROR?: The issue was with the trailing equity stop...
Look at how the EA looks like on my chart..Month percent gain calculation of EA is wrong and year percent gain are both wrong..Why is that?
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Goal of a successful trader is to make the best trades. Money is secondary
Quoting Tortilla
{quote} Thanks for the dashboard! Could you please explain why it does not appear right? {image} The upper side is like hidden? Regards,
here is the result of r problem
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I think the indicator everyone here is using is a later version of one of these 2. I could be wrong.
Attached Files
File Type: mq4 CCFp.mq4   17 KB | 288 downloads
File Type: mq4 CCFp_v1.0.3cvert (1).mq4   25 KB | 290 downloads
Quoting xmess7
Version 13, fix to version 12. Folks: I just got a report that version 12 does not work properly, it closes the trades immediately, no matter if u choose basket or Individual_trades. I found the issue and have removed it. Version 13 should now work properly for either basket or individual_trades. Please report any problems as they come up. If version 13 turns out not to work you can use version 11, that is the last stable version without the lockprofit or Individual_Trades features. What was the ERROR?: The issue was with the trailing equity stop...
Hi Jess,
Thanks for the EA, I am looking to use v11 (last stable version) this week.
Can you tell me if it will work when pairs have a suffix. eg , ''EURUSD.s''
Dave
Hi,
I am very new to Trading as well as forexfactory,
read & found ur articles very interesting,
would need a lot of help, if u can / wish to
Thanks
Looks like I have many signals this week..I gathered that our signals will differ because of the different brokers we use.Here are my signals for this week..FYI my broker is ICMarkets so if you are using a different broker you may get different signals and there is nothing wrong with that.You can still trade the signals provided by your broker..Waiting for London Open to open basket.
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Goal of a successful trader is to make the best trades. Money is secondary
Hi guys,

this one of the broker that I have a demo account: is GMT+2 and these are the trade.
I have other 2 accounts: one demo and one live; they have the same hour of London and give me an error: invalid time
Have you an idea to solve?.
Thank you
Leonardo
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Quoting Forexpinbar
Looks like I have many signals this week..I gathered that our signals will differ because of the different brokers we use.Here are my signals for this week..FYI my broker is ICMarkets so if you are using a different broker you may get different signals and there is nothing wrong with that.You can still trade the signals provided by your broker..Waiting for London Open to open basket. {image}
Same here...

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I have the same signals.
Broker Pepperstone.
Green Pips
Hi Forexpinbar, CXmess7 and all who have contributed in this thread! I want to thank you for the great work you are doing in this thread and I want to start testing it. But I have problems when trying to install it on my MT4, I have installed the V.11 and V.12, but they are giving me the same error 2017.02.19 21: 59: 39.690 can not open file 'C: \ Users \ Ivandion \ AppData \ Roaming \ MetaQuotes \ Terminal \ 2010C2441A263399B34F537D91A53AC9 \ MQL4 \ indicators \ CCFp-Diff_ [v2.0] (1) .ex4 '[2]

Follow the instructions at the beginning of the thread to open a chart of 1 min EUR / USD and add the expert to the chart and it does not work. Can you help me? FXPRO Broker

I also have a question regarding Broker time open, my broker is in London and I am in Spain, which is one hour more than in the UK. I modify the time zone of my computer and I have put the same of England. The correct open broker hour in my case is 09:00, right?

I hope I can start testing this strategy so I can help solve this error:
A nice week and life to all!
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very interesting thread

what parameters do you use for ccfp 2.0?

thanks
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