CCFp weekly signals (set and forget basket trading) | Page 37 | 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)

  • #721
  • Feb 23, 2017 12:01am Feb 23, 2017 12:01am
Quoting xmess7
{quote} ecmoney: Use version 16 that will trigger trades I verified it. Thnx for testing the setProfitLock stuff. I will start testing this on Friday. I also plan to test the CLoseGMTHour that is hard coded into EA. Remember the idea behind the EA was to make it as simple as possible, just like the creators approach on pg1. Open x number of trades and wait till either 500 or -200 pips is hit to close basket. Otherwise if Friday comes along and basket is still open, close it 10 minutes before close of market. This is the reason you don't see all...
Hi xmess7,

It is the maximum floating pips achieved.
  • #722
  • Feb 23, 2017 12:15am Feb 23, 2017 12:15am
Quoting emadmax001
Indeed this strategy can get very profitable. This week the basket reached 400+. Unfortunately, I was able to lock just a small amount. I'm still confused about the large pips difference shown in the EA vs the real pips. Please see the picture. I had one basket close on me by the EA. Looks like a BE basket. At that time I used v11 I think. So thinking there was some money management issue, I used the EAX dashboard for money management. EAX locked a $10 basket. If you add the total amount of pips I get ~90 pips. However, the EA shows a negative 50...
Folks use version 16... that has many corrections of the errors u see
Our AWESOME IMAGINATION is the true holy grail!
  • #723
  • Feb 23, 2017 12:17am Feb 23, 2017 12:17am
Quoting ecmoney
{quote} Hi xmess7, It is the maximum floating pips achieved.
Oh u want to freeze it to show the max pips it reached during thr week correct?? How about the lowest, that's important too.
Our AWESOME IMAGINATION is the true holy grail!
  • #724
  • Feb 23, 2017 2:38am Feb 23, 2017 2:38am
Hi to all,

I upload version 16 on my 2 demo brokers with hour 8.00 and 8.30 GMT open positions, but no trades had opened.

Leonardo
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 212 KB
Click to Enlarge Name: Screenshot2.png Size: 208 KB
  • #725
  • Feb 23, 2017 3:27am Feb 23, 2017 3:27am
I also tested version 16 (OANDA demo-account), and for me it works, orders are opened at the GMT Open hour, and the close-button works without .dll.
  • #726
  • Feb 23, 2017 3:51am Feb 23, 2017 3:51am
FYI CCFp indicator is a is a trend following indicator and so it helps us to stick to the rule of trend following and follow the trend.I believe this strategy will be very profitable in the long run. Weekly signals suggested by CCFp indicator, are considered more reliable, because they take into account price fluctuations of all currency pairs, and not only of the analyzed one.
Goal of a successful trader is to make the best trades. Money is secondary
  • #727
  • Feb 23, 2017 3:56am Feb 23, 2017 3:56am
Xmess7
Still trade1 (UsdChf) don´t open with ver16. Requote....can I do something?
Best wishes and thanks for Your work!

Attached Image
  • #728
  • Feb 23, 2017 4:04am Feb 23, 2017 4:04am
First of all I would like to extend my gratitude to Xmess for voluntarily coding an EA to trade this strategy...But it will be nice to have other coders code their own EAs and share here so that we can test..A simple EA with basket stop loss , take profit , and lock profit to trade this strategy will be great..Lets not forget that variety is the spice of life..I will be looking forward to other EAs to trade this strategy..Thanks again Xmess for your valuable contribution to this thread.
Goal of a successful trader is to make the best trades. Money is secondary
  • #729
  • Feb 23, 2017 4:25am Feb 23, 2017 4:25am
Hello all,

I have a question about the CCFp-Diff V2.0 indicator, maybe FerruFx can answer this the best.

When i am working with daily time frame (1140), every day when the "bar-end-counter" is at zero the signals get refreshed and i see a set of new signals appear on the screen (also the level bars in the left lower corner adjust for the new situation for each currency).

My question is, when we are on the weekly time frame (10080) it seems that the signals also getting refreshed each day when the counter reaches zero.

Can you confirm that this is the case?

Thank for your help and green pips to all of you!

Piet
  • #730
  • Feb 23, 2017 4:26am Feb 23, 2017 4:26am
I have been contemplating on an idea that I think its worth brainstorming...This is an exit strategy...Lets say for example the CCFp indicator suggested to "SELL" EUR/USD last week Monday ,so we sold EUR/USD last week and this week it suggested to SELL EUR/USD again.How about we do not close last week EUR/USD position because this week we had the same suggestion to sell EUR/USD?And lets say , next week Monday CCFp indicator suggests to BUY EUR/USD ,so this is when we exit EUR/USD position..This I think will help us milk as many pips as we can until the trend reverses...In summary we EXIT when we have a reverse signal..Let me know what you think about this exit strategy and whether it is worth testing..Thank you all for your contributions to this thread..
Goal of a successful trader is to make the best trades. Money is secondary
  • #731
  • Feb 23, 2017 4:32am Feb 23, 2017 4:32am
Quoting pietbrok
Hello all, I have a question about the CCFp-Diff V2.0 indicator, maybe FerruFx can answer this the best. When i am working with daily time frame (1140), every day when the "bar-end-counter" is at zero the signals get refreshed and i see a set of new signals appear on the screen (also the level bars in the left lower corner adjust for the new situation for each currency). My question is, when we are on the weekly time frame (10080) it seems that the signals also getting refreshed each day when the counter reaches zero. Can you confirm that this is...
What I know about the weekly signals suggested by CCfp indicator is that the weekly signals refreshes(new signals are generated) at the beginning of every week..
Goal of a successful trader is to make the best trades. Money is secondary
  • #732
  • Feb 23, 2017 4:44am Feb 23, 2017 4:44am
Quoting Forexpinbar
I have been contemplating on an idea that I think its worth brainstorming...This is an exit strategy...Lets say for example the CCFp indicator suggested to "SELL" EUR/USD last week Monday ,so we sold EUR/USD last week and this week it suggested to SELL EUR/USD again.How about we do not close last week EUR/USD position because this week we had the same suggestion to sell EUR/USD?And lets say , next week Monday CCFp indicator suggests to BUY EUR/USD ,so this is when we exit EUR/USD position..This I think will help us milk as many pips as we can until...
Hi Forexpinbar,

I like your idea, but...
If you don't close your trades on friday evening => you take the risk of your basket trades going way lower than maximum expected loss.
+ Since the strategy is based on opening trades on monday morning and closing on friday evening, we would need a complete rework of it. Maybe instead of looking for weekly signal to "keep" opened trade, we should have a look at potential setups on lower timeframes around end of day friday in order to decide whether or not to keep open for the week end.
And monday morning weekly signals would settle the case (either close the trade that was kept during the week end, or keep it for the coming week)

Have a good day,
  • #733
  • Feb 23, 2017 4:56am Feb 23, 2017 4:56am
Hello Jess,

Been playing with v16 and was unable to get it to work until I closed all open trades. It's as if the EA sees any open trade as being in it's basket. The open trades that I closed all came from an EA with a different magic number. Maybe the big red button, being linked to all open trades, has something to do with it?
TTFN Merlyn
  • #734
  • Edited 6:28am Feb 23, 2017 5:30am | Edited 6:28am
Quoting Merlyn
Hello Jess, Been playing with v16 and was unable to get it to work until I closed all open trades. It's as if the EA sees any open trade as being in it's basket. The open trades that I closed all came from an EA with a different magic number. Maybe the big red button, being linked to all open trades, has something to do with it?
Merylin: Awesome catch!! It turns out that this was the error:
StringFind(OrderComment(),"CCfp-Weekly_trade")>-1)
Should be
StringFind(OrderComment(),"CCfp-Weekly_trade")==-1)

Do u see that I had the ">" instead of "==" ?? First one means "greater than" the other means "is Like"
Doesn't that bit... such small errors and when u see them u say what's wrong!! LOL Not until REALLY see it that it you go DUDHH!H!H LOL

Toscano: this might be why u don't see trades yourself... please let me know. Remember to delete all Global Variables and reload EA.

Version 17 with corrections:
Attached File(s)
File Type: ex4 xm7_Ccfp_Wkly_TradeMonitor_v17.ex4   52 KB | 423 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #735
  • Feb 23, 2017 5:59am Feb 23, 2017 5:59am
Quoting xmess7
{quote} Merylin: Awesome catch!! It turns out that this was the error: StringFind(OrderComment(),"CCfp-Weekly_trade")>-1) Should be StringFind(OrderComment(),"CCfp-Weekly_trade")==-1) Do u see that I had the ">" instead of "==" ?? First one means "greater than" the other means "is Like" Doesn't that bit... such small errors and when u see them u say what's wrong!! LOL Not until REALLY see it that it you go DUDHH!H!H LOL Toscano: this might be why u don't see trades yourself... please let me know. Remember to delete all Global Variables and reload...
Can this fix my problem from post 728?
  • #736
  • Feb 23, 2017 6:13am Feb 23, 2017 6:13am
Quoting Forexpinbar
I have been contemplating on an idea that I think its worth brainstorming...This is an exit strategy...Lets say for example the CCFp indicator suggested to "SELL" EUR/USD last week Monday ,so we sold EUR/USD last week and this week it suggested to SELL EUR/USD again.How about we do not close last week EUR/USD position because this week we had the same suggestion to sell EUR/USD?And lets say , next week Monday CCFp indicator suggests to BUY EUR/USD ,so this is when we exit EUR/USD position..This I think will help us milk as many pips as we can until...
Hello FXPB,

I do not believe that we should be trying to "milk as many pips as we can" out of every move, we should rather be concentrating on how many pips can we "guarantee" to make out of a move, bearing in mind that nothing is guaranteed in forex trading.

For argument's sake let us assume that 1 pip gain on 1 position (contract) = $10.
With 1 position, to make $1000 one would need to make 100 pips.
With 10 positions, to make $1000 one would need to make 10 pips.
Which would you prefer, trying to make 100 pips a day or 10 pips a day?

OK. so we are not in a position to be able to fund full lot positions at the moment but the same principle applies to mini and micro lots. Once we are able to regularly make 10 pips a day then we can start compounding our profits to grow our account. Once we are able to regularly make 10 pips a day then we can concentrate on protecting our 10 pips while looking for 20,30,40 or whatever that run will give us.

A long time ago when I had to work for a living I used to sell cars, started off selling Ford and ended up selling Rolls Royce. I earned an average stressful living by selling 10 Fords a month but I earned a very good relatively stress-free living by selling 1 Rolly Polly every 2 months.

I know which I preferred .
TTFN Merlyn
  • #737
  • Feb 23, 2017 6:29am Feb 23, 2017 6:29am
Quoting Merlyn
{quote} Hello FXPB, I do not believe that we should be trying to "milk as many pips as we can" out of every move, we should rather be concentrating on how many pips can we "guarantee" to make out of a move, bearing in mind that nothing is guaranteed in forex trading. For argument's sake let us assume that 1 pip gain on 1 position (contract) = $10. With 1 position, to make $1000 one would need to make 100 pips. With 10 positions, to make $1000 one would need to make 10 pips. Which would you prefer, trying to make 100 pips a day or 10 pips a day?...
Than it woud be interesting to know how many +pips the basket gives every week (and -pips) to help us set sl/tp.
Is it possible to record max/min pips every week?
  • #738
  • Feb 23, 2017 6:34am Feb 23, 2017 6:34am
Quoting Elovv
{quote} Than it woud be interesting to know how many +pips the basket gives every week (and -pips) to help us set sl/tp. Is it possible to record max/min pips every week?
Yes it is possible to record both max and min pips. But for now I recommend u look at the weekly equity curves. That will tell you the same in terms of equity.
This is what I was eluding to. You get several weeks of max/min equity or pip count and then u can see the averages. That way u can determine which is the ideal profit to take per week. But then again, if u do what Pinbarforex did and just go through the motion you could also end up with the same profit run as is seen in the explorer.
Our AWESOME IMAGINATION is the true holy grail!
  • #739
  • Feb 23, 2017 6:36am Feb 23, 2017 6:36am
Quoting Elovv
{quote} Can this fix my problem from post 728?
Maybe. What I need from you are you Expert logs.
Please send me the log file in this folder MQL4/Logs
Once in there just grab one file, the one that has the date when you saw your USDCHF requote.

To get to the folder click on File==>Open Data Folder
Our AWESOME IMAGINATION is the true holy grail!
  • #740
  • Feb 23, 2017 6:43am Feb 23, 2017 6:43am
Wow! This is great. Got my 500 pips for the week. This is my report from Tuesday-Thursday at London open. Open times were Tuesday London open at 8:00 and Wednesday-Thursday at 8:30 starting time. Many thanks to Forexpinbar, xmess7 and all the other contributors who are making this thread work. I close when I get up in the morning around 7:00 Eastern.
Attached Image (click to enlarge)
Click to Enlarge Name: 02212017-02232017.jpeg Size: 146 KB
0 traders viewing now