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CCFp weekly signals (set and forget basket trading)

  • #1,221
  • Mar 9, 2017 5:20am Mar 9, 2017 5:20am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting L.m
{quote} Absolutely right, in fact this work will be used to monitor the largest possible DD per week
That should be indeed the only purpose of such backtesting. Unless all ticks are used.
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,222
  • Mar 9, 2017 5:23am Mar 9, 2017 5:23am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting SmoothTrader
{quote} On the profit side it will assume the least possible potential profit for each hour.
How will you find the least possible profit on a candle ? I mean for the compiled basket ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,223
  • Mar 9, 2017 5:32am Mar 9, 2017 5:32am
Quoting ajs5274
{quote} I think the Dukas data is gmt just like this as I downloaded a min ago? Ok L.m you can modify it if you require I don't think it will make any difference. {image}
It's not what I meant, anyway I checked, Dukas data is GMT like you said in fact first hour is 22.00
Just wanted to be sure to have one standard for all of us instead using different time settings.
  • #1,224
  • Mar 9, 2017 5:33am Mar 9, 2017 5:33am
How I love CCFp weekly signals..When its on fire its sure is on FIRE....Basket was opened 1 hour after London open(9AM GMT) on Monday..Basket SL=500pips..TP=None..Will leave basket to run and close it on Friday..This week has been a good one.. I LOVE ALL GREEN....Stay green everyone
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XMESSEA.png Size: 40 KB
Click to Enlarge Name: CCFpReport.png Size: 23 KB
Goal of a successful trader is to make the best trades. Money is secondary
  • #1,225
  • Mar 9, 2017 5:37am Mar 9, 2017 5:37am
Quoting xmess7
Basket update. Hey!! We got the +300 pips move! So according to this we should see the basket end up positive for the week since it happened before the end of the week. The basket is up +13%, that would be a great number to stop it for the week. {image}
dear @xmess7
first of all thanks for all your effors about the updates of your EA.

Can i suggest you an improvement?

All we are discussing about the best days/hours entry points.... so can your robot open more basket trades at different points of week?

For example:
1st group of trades: (#1 set for: Gmt + Date + SL + TP + magic number)
2nd group of trades: (#2 set for: Gmt + Date + SL + TP + magic number)
3rd group of trades: (#3 set for: Gmt + Date + SL + TP + magic number)

i know maybe we can put your ea in different charts, but what about managment of magic numbers?
thanks and ciao!
  • #1,226
  • Mar 9, 2017 5:42am Mar 9, 2017 5:42am
Quoting FerruFx
{quote} How will you find the least possible profit on a candle ? I mean for the compiled basket ...
For all BUY pairs I would take the hourly low as the input price for that bar, and for all SELL pairs I would take the hourly high as the input price for that bar. This would give the worst case senerio for each pair. From there we would add all the positive and negative pips together to determine how well the basket is performing for that hour. Plotting the basket performance hourly to visually represent how the basket is performing throughout the week.

Hopefully I have understood your question and this makes sense.

GREEN pips as always to one of the BEST here on FF.
  • #1,227
  • Mar 9, 2017 5:47am Mar 9, 2017 5:47am
Quoting Forexpinbar
How I love CCFp weekly signals..When its on fire its sure is on FIRE....Basket was opened 1 hour after London open(9AM GMT) on Monday..Basket SL=500pips..TP=None..Will leave basket to run and close it on Friday..This week has been a good one.. I LOVE ALL GREEN....Stay green everyone {image} {image}
Sitting at 750 plus pips for the week and have my TP at 900 pips (3 times the original SL of 300 pips) and my SL (ProfitLock) set at plus 400 pips.

As I always caution people, don't get too over enthused because there will be those week, such as the recent past, where it can quickly hit the SL.

Continued GREEN pips.
  • #1,228
  • Mar 9, 2017 5:52am Mar 9, 2017 5:52am
Quoting L.m
{quote} It's not what I meant, anyway I checked, Dukas data is GMT like you said in fact first hour is 22.00 Just wanted to be sure to have one standard for all of us instead using different time settings.
L.m Maybe some brokers close at 11pm gmt on Friday the data is there, it's not used anywhere at present so it can be removed. If required I can add sunday 10pm in, however that's not used anywhere either.

Would it help if I carried out both these mods?
  • #1,229
  • Mar 9, 2017 6:18am Mar 9, 2017 6:18am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting SmoothTrader
{quote} For all BUY pairs I would take the hourly low as the input price for that bar, and for all SELL pairs I would take the hourly high as the input price for that bar. This would give the worst case senerio for each pair. From there we would add all the positive and negative pips together to determine how well the basket is performing for that hour. Plotting the basket performance hourly to visually represent how the basket is performing throughout the week. Hopefully I have understood your question and this makes sense. GREEN pips as always...
Isn't the max potential DD you are measuring here ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,230
  • Mar 9, 2017 6:27am Mar 9, 2017 6:27am
Quoting raffus
{quote} dear @xmess7 first of all thanks for all your effors about the updates of your EA. Can i suggest you an improvement? All we are discussing about the best days/hours entry points.... so can your robot open more basket trades at different points of week? For example: 1st group of trades: (#1 set for: Gmt + Date + SL + TP + magic number) 2nd group of trades: (#2 set for:
Gmt + Date + SL + TP + magic number)
3rd group of trades: (#3 set for: Gmt + Date + SL + TP + magic number) i know maybe we can put your ea in different charts, but what about...
You can do this already with v18, just open 3 instances of the ea with 3 different magic numbers... duh
  • #1,231
  • Mar 9, 2017 6:30am Mar 9, 2017 6:30am
Quoting FerruFx
{quote} Isn't the max potential DD you are measuring here ?
Yes it is. I am also proposing that if the basket is in a Profit position on any one particular hourly bar it will be depicted as the Least possible profit on that bar.

For example: lets assume just two pairs are active (long EU and short AJ). For the hourly bar right now we would take the hourly low for the EU (Assume that produces + 100 pips) and the hourly high for the AJ (Assume that produces - 50 pips). The least possible profit for this hourly bar would be + 50 pips IF the EU hit its hourly low at exactly the same time that the AJ hit it hourly high.

This way we are overly pessimistic on both the DD and the potential profit.

GREEN pips.

MARK
  • #1,232
  • Mar 9, 2017 6:50am Mar 9, 2017 6:50am
I was thinking a bit complex a system to check the openings. Yesterday I tested for 4 hours which are the best data to be processed. the idea to use the data to 1 minute perhaps when 'difficult, for each cross are more than 1 million rows (from 01.01.2014 to 10.28.2016 around), in the file there would be a series of features that bring the file to weigh 129 Gb. I want to add up all the H values and all the values of all L weekly indicator cross with the rule of Buy and Sell at the same time. So I create two parallel lines in the graph of profit and of DD. To do it to one minute should have a hardware cost of € 100,000 .
to keep in mind that in a minute, not every cross they make their H and even their L at the same time, so the lines of the graph should give the worst / best of the minute scenario. I could hypothesize that the actual sum of each H and L, may be a 75% of those values. I work for many years with excel, and so I am a little experienced, and I realize that the Access program would be a better system. To these one or two months I have also limited time available, then (given what I've been able to see yesterday), I could concentrate on the structure and functioning of such a system, then I'll have to ask someone to you, to complete the cross database cross. SmoothTrader has already done the weekly signals (great !!!).
Me too unfortunately the basket ended in TP 900 pips, sin was a demo account and wanted to see the total at the end of the week.
Green pips at all.
  • #1,233
  • Mar 9, 2017 6:52am Mar 9, 2017 6:52am
Hello,

I've been reading whole 62 page thread in order to get up-to-date.
From what I understood this seems a very nice system especially for full-time employees (set and forget)

In order to start trading we should only download the last EA from first page " xm7_Ccfp_Wkly_TradeMonitor_v18.1.ex4 ", or we need all templates and indicators from first post?

I have no experience with MT4 EA, so is a bit confusing what I have to do.

Nice day!
  • #1,234
  • Mar 9, 2017 7:43am Mar 9, 2017 7:43am
Quoting Kezz23
Hello, I've been reading whole 62 page thread in order to get up-to-date. From what I understood this seems a very nice system especially for full-time employees (set and forget) In order to start trading we should only download the last EA from first page " xm7_Ccfp_Wkly_TradeMonitor_v18.1.ex4 ", or we need all templates and indicators from first post? I have no experience with MT4 EA, so is a bit confusing what I have to do. Nice day!
Welcome,

You need the EA, the indicator, and the template to make it work properly.

Follow the instructions on the first page. Download them all, then copy and past the EA into your Experts File, the indicator into your Indicator File, and the template into your Template File. Each can be found by left clicking on the <File> tab on the upper left of your MT4 terminal. The Template File is on the first page, and the EA and Indicators can be found in the <MQL> tab.

Hopefully this helps to get you set up. Once that is done you can attach the EA to your 1 minute Eur/Usd chart that has the Template running on it. From there you choose your inputs for the EA. Many members have posted their inputs and you can read up on it at your leisure.

GREEN pips to you.
  • #1,235
  • Mar 9, 2017 7:44am Mar 9, 2017 7:44am
Quoting SmoothTrader
{quote} Sitting at 750 plus pips for the week and have my TP at 900 pips (3 times the original SL of 300 pips) and my SL (ProfitLock) set at plus 400 pips. As I always caution people, don't get too over enthused because there will be those week, such as the recent past, where it can quickly hit the SL. Continued GREEN pips.
Yes, it is the only way to survive. I have achieved the same result as you. 270 pips SL and a ratio of 1 winner = 3 losers. What does this mean ?, that for the moment next week, you are completely relaxed
Attached Image (click to enlarge)
Click to Enlarge Name: 7596297 Pepperstone-Demo02 - Cuenta demo - [EURUSD,M1]_2017-03-09_14-34-05.png Size: 22 KB
  • #1,236
  • Mar 9, 2017 7:59am Mar 9, 2017 7:59am
I am loving this strategy, but only wish I had not closed my basket at 600 pips last night. I know that We should not be greedy, but I may try trailing stop loss next week with increments so I can retain any profits, but not lose out on future ones as well as we say today. At least I have made up for the loss last week!
  • #1,237
  • Mar 9, 2017 8:05am Mar 9, 2017 8:05am
This "means" that the market is highly effective and there's a high propability that this system too has a 50:50 winning ratio in the long run given a RR of 1. Which market inefficiency is basket trading trying to exploit..?
  • #1,238
  • Mar 9, 2017 8:25am Mar 9, 2017 8:25am
Quoting EconGrad2015
I am loving this strategy, but only wish I had not closed my basket at 600 pips last night. I know that We should not be greedy, but I may try trailing stop loss next week with increments so I can retain any profits, but not lose out on future ones as well as we say today. At least I have made up for the loss last week!
One of the toughest things about trading is to treat it as a business. We all see the profits that "might have been" and wish that we had captured them. While it would be nice to ALWAYS be right by getting out at the top, that is impossible. What is more realistic is to setup your trading as a business with a proven trading plan that has been thoroughly veeted and tested, so that you are not always worried. You know that out of a hundred trades (yes that's nearly 2 years with this method) you will show a statistically significant profit, above and beyond your losses. On a week by week basis we don't know if this is the week to hit the SL or the TP.

I personally will study the last five years of data to determine what a reasonable SL and TP will be as a function of Risk vs Reward. On the Risk side we must NEVER waiver from putting in or SL's and not moving them. This will mean that we will live to "fight another day" even if we suffer 20 losses in a row (it can happen). On the Reward side it is a little bit more flexible, but it still must followed in a business like manner. For me this means taking a significant portion of my positions off at the predefined TP levels, but that will also allow me to leave a small portion to run for the stars if the market keeps going. By doing this I have managed to live off trading for the last 50 + years.

GREEN pips to those that continue to learn.
  • #1,239
  • Mar 9, 2017 8:32am Mar 9, 2017 8:32am
Quoting SmoothTrader
I personally will study the last five years of data to determine what a reasonable SL and TP will be as a function of Risk vs Reward.
Sounds like an interesting equation to maximize. I'll be looking forward to your progress with gathering and organizing that data so that it could be analyzed.
  • #1,240
  • Mar 9, 2017 8:44am Mar 9, 2017 8:44am
Quoting SmoothTrader
{quote} Welcome, You need the EA, the indicator, and the template to make it work properly. Follow the instructions on the first page. Download them all, then copy and past the EA into your Experts File, the indicator into your Indicator File, and the template into your Template File. Each can be found by left clicking on the <File> tab on the upper left of your MT4 terminal. The Template File is on the first page, and the EA and Indicators can be found in the <MQL> tab. Hopefully this helps to get you set up. Once that is done you can attach the...
Thank you very much sir for such clear steps!
Just one small question, I see we have EA version 18.1 and also V29 on the creator external website, what should I use?
Also, I saw we must clear the global parameters before using the EA every week and understood we must clear every field named with the prefix "xm_7", is this correct?
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