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CCFp weekly signals (set and forget basket trading)

  • #3,441
  • Apr 28, 2017 3:25pm Apr 28, 2017 3:25pm
Ok today my EA worked and opened all trades without any error on expert Tab.

Today was a good day.
Opened a 09 GMT,
Stop Loss -250
Take Profit 400

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  • #3,442
  • Apr 28, 2017 4:32pm Apr 28, 2017 4:32pm
The 1st screenshot is test result of weekly timeframe using all 4 settings on both London and New York open. NY session didn't work out but London session compensated for that. TT setting seems to be the worst performer for me. The 2nd screenshot is test result of multiple timeframe 43200+10080 and 10080+1440, both started at London open. All test were run today Friday, will keep testing to find the best setting for daily basket.
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  • #3,443
  • Apr 28, 2017 4:52pm Apr 28, 2017 4:52pm
May I can hear from users what would be the better choise " Use Current " false or true ...My 2 baskets with both try on same day one with True and the other with False hit my 300 pip target..Very interesting...Setting it True DD was better anyhow, but I am very unsure with this setting...Because why, in example both settings made the same pair same direction trade on my daily course... False should trade from the previous candle direction and True from the very current moment. On the long Daily run's which would be the better , any Idea? Tested?, hmmm. )
" Accepting losses is the most important single investment devise "
  • #3,444
  • Apr 28, 2017 4:53pm Apr 28, 2017 4:53pm
Quoting ilmank
Ok today my EA worked and opened all trades without any error on expert Tab. Today was a good day. Opened a 09 GMT, Stop Loss -250 Take Profit 400 {image}
Interesting... My numbers are very different...
Attached Image
  • #3,445
  • Apr 28, 2017 4:57pm Apr 28, 2017 4:57pm
Quoting scali
{quote} Interesting... My numbers are very different... {image}
Sorry! Correct
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  • #3,446
  • Apr 28, 2017 5:50pm Apr 28, 2017 5:50pm
This week was indeed one of the finest weeks for the ccfp strategy..lots of pips were made by most of you including myself..happy weekend everyone.
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Goal of a successful trader is to make the best trades. Money is secondary
  • #3,447
  • Apr 28, 2017 7:12pm Apr 28, 2017 7:12pm
Quoting xmess7
UPDATE EA v37.5 http://xm7.info/ea/ccfp_weekly/xm7_C...itor_v37.5.ex4 Fixed the MultiBasket closing issue that had magic numbers like 1, 10, 11, 12. The EA now recognizes that 1 is just 1 and not 10, 11, 12. Baskets with those types of number are now closed separately Fixed issue of EA opening new basket after closing a basket with the Range Trading hours. Ea now recognizes that when a basket is closed within that range to not initiate a new basket. Same thing with the daily and weekly conditions. no new baskets are opened...
Awesome work mate!
Life is like a snickers, its full of nuts!
  • #3,448
  • Apr 28, 2017 10:53pm Apr 28, 2017 10:53pm
Quoting Forexpinbar
This week was indeed one of the finest weeks for the ccfp strategy..lots of pips were made by most of you including myself..happy weekend everyone. {image}
Hi Forexpinbar, could I trouble you for some column headings for these, I am unsure what they are representing...

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Thanks mate.
Life is like a snickers, its full of nuts!
  • #3,449
  • Apr 28, 2017 11:58pm Apr 28, 2017 11:58pm
What a great tread Forexpinbar and xmess7. I actually had a forex epiphany reading this! So thank you. Personally I like to choose my own basket of trades as opposed to the CCFp indi. Is there a simple EA that you know of that will close all my basket trades when TP of SL is reached? Thank you in advance.
  • #3,450
  • Apr 29, 2017 1:29am Apr 29, 2017 1:29am
Quoting firewight
{quote} Hi Forexpinbar, could I trouble you for some column headings for these, I am unsure what they are representing... {image} Thanks mate.
There you go firewight.
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  • #3,451
  • Apr 29, 2017 1:41am Apr 29, 2017 1:41am
Results for the last week of the month for original traders are getting fewer and fewer. Also no new traders are adding to the workbook?

I will post middle of next week for the 2 monthly results since inception.

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  • #3,452
  • Apr 29, 2017 1:52am Apr 29, 2017 1:52am
I'm still unsure whether to use the trade level of 2 or a higher one. Can anyone say which one is more accurate?
  • #3,453
  • Apr 29, 2017 2:03am Apr 29, 2017 2:03am
Quoting AcerPhoon
I'm still unsure whether to use the trade level of 2 or a higher one. Can anyone say which one is more accurate?
You would think the higher the level the better quality , but fewer trades we have. We only have data of forward testing the higher levels as far as I know. There is a backtest of level 2 false false linked to the forum for 2012 to 2016 data. The google spreadsheet has different info from different traders on how they are testing for nearly 2 months. So at present I don't know which way is more consistent.
  • #3,454
  • Apr 29, 2017 2:10am Apr 29, 2017 2:10am
Quoting ajs5274
{quote} There you go firewight.{image}
Oh thank you!
Life is like a snickers, its full of nuts!
  • #3,455
  • Apr 29, 2017 2:49am Apr 29, 2017 2:49am
Quoting xmess7
Added an IgnoreAllCloseHours input. You can now tell the EA to ignore closing a basket at the end of day or end of week or whatever hour you have set. This allows you to have a continues basket for those of u that are seeking 30,000 pips for the week . Once the basket closes the EA will continue to monitor for the open hour condition, just as you have set it in the input. http://xm7.info/ea/ccfp_weekly/xm7_C...itor_v37.5.ex4
I will be good if the condition of close at the close daily or weekly hr only if profit >= x pips or x% profit is implemented. Thanks all the same.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #3,456
  • Apr 29, 2017 3:12am Apr 29, 2017 3:12am
Quoting freedom48
May I can hear from users what would be the better choise " Use Current " false or true ...My 2 baskets with both try on same day one with True and the other with False hit my 300 pip target..Very interesting...Setting it True DD was better anyhow, but I am very unsure with this setting...Because why, in example both settings made the same pair same direction trade on my daily course... False should trade from the previous candle direction and True from the very current moment. On the long Daily run's which would be the better , any Idea? Tested?,...
If the current (TF) and previous (FF) candles were in the same direction, theoretically the trades would be the same...
Life is like a snickers, its full of nuts!
  • #3,457
  • Apr 29, 2017 6:27am Apr 29, 2017 6:27am
Quoting ajs5274
{quote} You would think the higher the level the better quality , but fewer trades we have. We only have data of forward testing the higher levels as far as I know. There is a backtest of level 2 false false linked to the forum for 2012 to 2016 data.

I too thought, that higher level has better quality, but fewer trades, but apparently, there are bad trades in higher level aswell, so it would be interesting to know.

BTW: Where is this backtest of "level 2 false false" you speak of? Do you happen to have an image/link of this by any chance?
  • #3,458
  • Apr 29, 2017 6:49am Apr 29, 2017 6:49am
Quoting AcerPhoon
{quote} I too thought, that higher level has better quality, but fewer trades, but apparently, there are bad trades in higher level aswell, so it would be interesting to know. BTW: Where is this backtest of "level 2 false false" you speak of? Do you happen to have an image/link of this by any chance?
The Excel backtester workbook that was generously donated on this thread by SmoothTrader can be found on post 1..You can download it and run your own backtests and do your own analysis..
Goal of a successful trader is to make the best trades. Money is secondary
  • #3,459
  • Apr 29, 2017 6:49am Apr 29, 2017 6:49am
I am not quite sure; when do the signals on the CCFp indicator refresh when using the weekly timeframe?
  • #3,460
  • Apr 29, 2017 8:14am Apr 29, 2017 8:14am
Quoting ajs5274
{quote} You would think the higher the level the better quality , but fewer trades we have. We only have data of forward testing the higher levels as far as I know. There is a backtest of level 2 false false linked to the forum for 2012 to 2016 data. The google spreadsheet has different info from different traders on how they are testing for nearly 2 months. So at present I don't know which way is more consistent.
In reality it's a filter. The level is used to determine the best combination of currencies (strongest buy vs strongest sell) are placed on the list. In order for a pair to meet a buy or short recommendation each individual currency strength of the pair has to be either >+TradeLevel or <-TradeLevel
For example if EUR has a strength of +8 (Strong but) and USD has a strength of -6 (Strong sell) then their combination matches for a buy matches the criteria cause EUR strength is >+TradeLevel and USD's strength<-TradeLevel. TradeLevel being 2 of course.

The higher the TradeLevel the more stringent the requirement, the less pairs that make the list.

What does affect "quality", if it can be called that, is a couple of things.
1. Use_Bar_instead_of_MA
2. MA_Method, Price, Fast, Slow
3. UseCurrent

With Use_Bar_instead_of_MA=True you are telling the indicator to use the Close of candles to determine strength, rather than a moving average

With the MA_Method, Price, Fast, and Slow Inputs u are telling the EA what type of Moving average to use for the calculation of the currency strength.

With UseCurrent=TRue you are telling the EA to use the most current bar to do the calculation of the currency strength rather than the previous bar

These 3 things are what can change the value of the currency strengths, are they better quality... well that depends on if you are making profit, right?
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