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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)

Quoting emonts
Hi Guys, I'm following this thread for a while, when i remember well a few days after start. The idea was simple, monday morning take the weak and strong pairs based on the indicator. Open the basket set a sl=200 pips and a tp=500 pips and the money is "comming" based on 3 months data/experience. We all know by now that it is not that simple. Then the idea's start popping up. Not start 9 o'clock, let us start 10 o'clock. We need more baskets, we need different sl, we need different tp. If we have a profit of 400 pips, let us lock at 200 pips and...
Emonts,

This is exactly what I've been thinking. A strong currency might have strong for 6 weeks and is now going into consolidation or retrace, or it might have been strong for one week and now we'll get another good week out of it. I don't know if there's some way an EA can "judge" the situation automatically or if we should just look at each chart before opening the basket. I know people want this method to be simple and almost automatic. Me personally, I would be happy to put a little effort into it to make it consistently profitable.

Xmess,

Is there a way an EA can judge the situation? Can it look at pips since last high and "judge" if it's overextended? Any other way besides overbought/oversold (since it stay in overbought/oversold territory for quite awhile)? Another feature I would request, if you have the time, is to have a setting in the EA to not trade a particular pair if you think the chart looks bad and you want to remove it from the basket.

I've been looking at the Oanda Heatmap which gives me a very nice overview of the relative currency strengths in a way that makes sense to me. If this would help anyone, it can be found at https://www.oanda.com/forex-trading/...rrency-heatmap.

Regards,
Gila
Quoting gilab
{quote}..... Xmess, Is there a way an EA can judge the situation? Can it look at pips since last high and "judge" if it's overextended? Any other way besides overbought/oversold (since it stay in overbought/oversold territory for quite awhile)? Another feature I would request, if you have the time, is to have a setting in the EA to not trade a particular pair if you think the chart looks bad and you want to remove it from the basket. ....Regards, Gila
Gila:
Yes, the EA can be programmed to "judge" a situation. What you need to do is convert the "judge" portion into prices, pips, and datetimes cause that is all the EA understands.

However, on that note, I am going to abstain from adding any new request until we have a bug free EA. The main challenge has been dealing with broker preferences and the way they handle EAs. Besides, based on the current thread discussions I can see that even the features that have been added will not be used . For example we have the profit lock and max trade limit additions, both of which, are not part of the original idea on pg1, if the group determines the best basket open time, SL, and TP then those additions will not be needed.

But do not fear stagnation . As soon as my debuggers report that ALL is clear I am going to release the source code (under the MIT Licence). Then you can have others "add", "improve", etc etc it
Our AWESOME IMAGINATION is the true holy grail!
Just a heads up.

For those of us in the USA (and other areas too), Daylight Saving Time begins tomorrow (3/12/17) and our clocks will be turned forward 1 hour. However, England does not switch to Daylight Saving Time for another two weeks (3/26/17). This means that for the next two weeks London opening will still be 08:00 GMT, and it will shift to 09:00 GMT on 3/27/2017.

For this Monday and next, you can use the same GMT setting in the EA and it will conform to the same time (relative to London Open) as it has since this tread began. But beginning three Mondays from now (3/27/2017), you will have to add one hour to the EA's start time (GMT) to have it initiate your trades at the same relative time to the London Open.

Enjoy your weekend and be sure to spend quality time with your family and friends because while we can always make up for lost pips, we can never make up for lost time.

GREEN pips to everyone.
Quoting xmess7
{quote} Gila: Yes, the EA can be programmed to "judge" a situation. What you need to do is convert the "judge" portion into prices, pips, and datetimes cause that is all the EA understands. However, on that note, I am going to abstain from adding any new request until we have a bug free EA. The main challenge has been dealing with broker preferences and the way they handle EAs. Besides, based on the current thread discussions I can see that even the features that have been added will not be used . For example we have the profit lock and...
You are exactly right in your pursuit to have a solid working EA with no bugs or problems. That is more than anyone on this thread could ever hope for, or dare I say demand. You are giving of your talents, insight, and expertise freely, and that is very admirable. Once this "WORKING" EA is complete, you have indicated that you will release "YOUR" source code under MIT License. This will allow any trader who wants to, to add whatever feature, or features, they want to the EA. From there the community can test their own ideas and hopefully report any success and/or failures (yes failures are important too) back to the rest of us. For now, lets keep working on making sure that this brilliant tool that Xmess7 has provided us is "bug free" and functioning according to design.

Keep up the tremendous effort Xmess7, and we will keep testing it for you. THANK YOU.

GREEN pips my friends.
I setup this system on a $10 live cent account which is $1000 cent, I hope to share MyFxbook link later

Some one can tell me should i need to open the trades manually when london market open or
is this EA open trades automatically.
Thank You
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Failure is not failure if you learn from it...
Quoting suneth2
I setup this system on a $10 live cent account which is $1000 cent, I hope to share MyFxbook link later Some one can tell me should i need to open the trades manually when london market open or is this EA open trades automatically. Thank You {image}
You dont need to enter the trades manually..The EA will open all the trades for you...enter the GMT time you want the EA to open the trades for you , stop loss and take profit settings..You have all you need in the EA..Good luck.
Goal of a successful trader is to make the best trades. Money is secondary
I have updated the google spreadsheet with some cosmetic changes and added a sheet so each week you can say which pairs you selected for your basket and say if any ended up negative.

I hope you find it helpful.
Quoting Tiivaa
This is nice too , imagine we open the basket every week and leave it to Friday and market closing {image}
Nice one..So just open basket on Monday with no stop loss and not take profit?And close basket on Friday?Is that how you computed the table?
Goal of a successful trader is to make the best trades. Money is secondary
Quoting Forexpinbar
{quote} Nice one..So just open basket on Monday with no stop loss and not take profit?And close basket on Friday?Is that how you computed the table?
That's what I'm trying to do from 14:30 GMT. The first week it did not work, because of a bug in the EA. The bug has been fixed bei xmess7.
Ok lets assume L.m compiled backtest results here https://www.forexfactory.com/showthr...59#post9628359 is not very accurate..Just saying because it did not use 99% modelling quality tick data..In the screenshots , if basket is opened 9:00am UK time every Monday with the SL and TP settings suggested here https://www.forexfactory.com/showthr...59#post9628359 by L.m , Net pips=8,621 for 27weeks(6months plus 3weeks) ..Lets assume our net profit for 27weeks=8621/2=4,310pips.
I divided the net profit 8621pips into two because the backtest was not conducted with 99% modelling quality tick data to allow room for margin of error..
Boy! 4,310pips collected for 6months and 3 weeks is definitely a winner for me.Most traders I think struggle to make even 3000pips in a year..This is just an assumption and could be wrong or correct.Just my 2 cents.
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Goal of a successful trader is to make the best trades. Money is secondary
Quoting SmoothTrader
It was definitely worth the time and effort because I can now appreciate some of the patterns that are shown by the signals over the years. I double checked all of my entries, but if some of you would like to pick out 5 or 10 of the signals yourself and get back to the thread to confirm they are in fact correct it would be greatly appreciated. My lovely wife has been out of the country for the last week (so I have been a typical guy and not done as much cleaning as I should have), so I have my work cut out for me before her flight arrives. Once...

Hi SmoothTrader, many thanks for the enormous effort you made to come up with this history data from the CCFp_Diff_V2 (1) indicator. Can you please share with us the way / methode you managed to retrieve this data? Thanks in advance!
Kind regards, piet.
CCFP stats, food for thought.

From 29/8/16 to 4/3/17 we have had 27 Trades.

We are in our 7th month. 6 of those month with a start time of 8am GMT (using close price charts) and a 400 SL we could of had at the end of each week (9.45pm close) at least 1 trade in the month finished between 800 pips to 2100 pips.

After each of the 6 trades > 800pip move, with a 400SL, 5 trades ended in losses.

After each of the 6 trades > 800pip move, with a 400SL, 4 of the 2nd trades ended in losses.

However after a > 800pips move, if you have a 200SL and trail the stop up, pips can be made.
Quoting ajs5274
CCFP stats, food for thought. From 29/8/16 to 4/3/17 we have had 27 Trades. We are in our 7th month. 6 of those month with a start time of 8am GMT (using close price charts) and a 400 SL we could of had at the end of each week (9.45pm close) at least 1 trade in the month finished between 800 pips to 2100 pips. After each of the 6 trades > 800pip move, with a 400SL, 5 trades ended in losses. After each of the 6 trades > 800pip move, with a 400SL, 4 of the 2nd trades ended in losses. However after a > 800pips move, if you have a 200SL and trail the...
Interesting analysis ajs5274..can you explain in details what you mean by "However after a > 800pips move, if you have a 200SL and trail the stop up, pips can be made"?What is the net pips from 29/8/16 to 4/3/17 based on this your analysis?
Goal of a successful trader is to make the best trades. Money is secondary
Quoting mrbilio
{quote} Yes 1440
Hi mrbilio,

What time (GMT) did you close the daily baskets manually?

Thx Piet
Quoting Forexpinbar
{quote} Interesting analysis ajs5274..can you explain in details what you mean by "However after a > 800pips move, if you have a 200SL and trail the stop up, pips can be made"?What is the net pips from 29/8/16 to 4/3/17 based on this your analysis?
1st is the baskets went their first with a drawdown of.

2nd is the basket went there next.....

Finally the basket closed at tp on Friday around 945pm.
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Quoting ajs5274
{quote} 1st is the baskets went their first with a drawdown of. 2nd is the basket went there next..... Finally the basket closed at tp on Friday around 945pm. {image}
Looks good... Net pips=11,550 from 29/08/16 - 27/02/17 with your approach is a good deal.I will be a happy man if I am able to make even half 5775pips of this within the above mentioned period.. .CCFp weekly signals is no doubt a pips monster
Goal of a successful trader is to make the best trades. Money is secondary
Quoting Forexpinbar
{quote} Looks good... Net pips=11,550 from 29/08/16 - 27/02/17 with your approach is a good deal.I will be a happy man if I am able to make even half 5775pips of this within the above mentioned period.. .CCFp weekly signals is no doubt a pips monster
At first checking of AJS 5274 table and after scrolling the graphics that TIIVA did previously I have a doubt about these results . I checked the time of each day and i couldn't verify the results. It will be good for AJS5274 to present it on the graphics.

However from TIIVA graphics I reached with a 400 SL around 6000 pips .

Attached a table of 27 weeks where the positive basket closed on friday 20 min before NY close.
Attached File
File Type: pdf 27 weeks.pdf   33 KB | 332 downloads
If using expert all time expert run on the vps?
Quoting mfawaz
{quote} At first checking of AJS 5274 table and after scrolling the graphics that TIIVA did previously I have a doubt about these results . I checked the time of each day and i couldn't verify the results. It will be good for AJS5274 to present it on the graphics. However from TIIVA graphics I reached with a 400 SL around 6000 pips . Attached a table of 27 weeks where the positive basket closed on friday 20 min before NY close. {image}

After every large win...> 800 pips next 2 trade sl 200 pips and trail the stop.

That is what I was looking at.
Thanks so much to all you doing hours of work on the data analysis for time of entry and best SL/TP, and of course, xmess, who is giving his time so generously and is so professional to work with.

I had an idea to help visualize entry according to the charts. At first I thought I would have to make notes on each chart in the suggestion and decide whether to enter or not. But I just had a new idea -- and I have no idea yest if it will be helpful or not -- to create a basket chart of the trade suggestions and see if a good entry time could be seen on the chart. In order words, instead of a fixed time to enter, we would look at the basket chart and wait for a pullback or some other obvious entry point.

Here is a chart I made using the suggestions as of Friday (which of course will not be valid for the coming week). I just wanted to share the idea and see if anyone thinks it's worth exploring.

Here are the suggestions:


And here is the basket chart (a combination of the buys and sells suggested):
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