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CCFp weekly signals (set and forget basket trading)

  • #3,741
  • May 3, 2017 5:13am May 3, 2017 5:13am
Quoting Lhd
Hi guys, Sorry to ask such a silly question but I wonder we only trade 5 days a week, so weekly signal should base on 5*24*60=7200, then why we use 10080 (7 days) setting for weekly signal?
Because 10080 is a constant for weekly timeframe used by MT4 developers. It has in fact nothing to do with number of seconds. It could be pretty much any number. It's just for convenience that 10080 was selected.
  • #3,742
  • May 3, 2017 5:14am May 3, 2017 5:14am
Hi all,

Thank you for your extensive work on modifying and improving the CCFp EA. I just picked up on this promising EA this week. I followed the instruction on the first and 2nd post to setup and able to get the weekly signal. To my understanding I just have to manually key in the trades and let the basket float to 500pip TP/ 200pip SL.

However it seems that a lot of changes has occured and some of you trade a basket per day or open several baskets.

My signal remained same from Monday and it contradicts some of the latest signal from you all (Eg: Short AUD), I seem to lost track on the progress. Do someone mind to share/summarize what has been updated since then until the current system?
  • #3,743
  • May 3, 2017 5:14am May 3, 2017 5:14am
Quoting grandaevus
{quote} Timeframe = Daily UseCurrent = true UseBarInsteadofMa = false Trade level 3 EurJpy Buy ChfJpy Buy NzdJpy Buy
I'll stick to UseCurrent =true, since today's true, false suggestions will be tomorrow's false, false suggestions which will be already aged.
  • #3,744
  • May 3, 2017 5:21am May 3, 2017 5:21am
Quoting Forexpinbar
Monthly(43200 ) signals mutiple basket results .Timeframe:43200 True False , False True , False False . Trade level 5 , 7 and 10 using settings True False ,False True and False False settings were used for each trade level.In all 9 separate baskets were opened .All baskets were opened yesterday,Tuesday at 9aM Gmt . 4547pips in 2 days and still counting! Doesnt get any better than this Will leave basket to run till the end of May,2017 .Will keep you guys posted.. {image} {image}

LOL
You are the Champion!!
  • #3,745
  • May 3, 2017 5:24am May 3, 2017 5:24am
Quoting grandaevus
{quote} Timeframe = Daily UseCurrent = true UseBarInsteadofMa = false Trade level 3 EurJpy Buy ChfJpy Buy NzdJpy Buy
Are you trading at 8:00 UK time BST? Looking at EJ chart it was a buy at 08:00, a sell at 09:00 and a 'ranging nightmare' since then
used to be undecided but nowadays can't make my mind up
  • #3,746
  • May 3, 2017 5:33am May 3, 2017 5:33am
Second basket of the day. The first one closed itself out in loss for no reason???

This one doing a bit better now but took a while to get going

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 270 KB
'Life' only really begins just over the edge of our comfort zones
  • #3,747
  • May 3, 2017 5:35am May 3, 2017 5:35am
Quoting mrcreosote
{quote} Are you trading at 8:00 UK time BST? Looking at EJ chart it was a buy at 08:00, a sell at 09:00 and a 'ranging nightmare' since then
I don't use a constant time to open a basket.

Everyday, when Frankfurt session begins (which is 1 hour before London open), I look at the daily suggestions with settings written below.

UseCurrent = true
UseBarInsteadofMa = false.

In order to filter suggestions; i increase trade level to 3 or 4.

Then i look for a retrace or a good support/resistance level to open positions for each currency.

If needed, i use averaging to cover negative pips.

Daily TP = 50 pips.
SL = 100 pips

That's all.
  • #3,748
  • May 3, 2017 5:48am May 3, 2017 5:48am
Quoting grandaevus
{quote} I don't use a constant time to open a basket. Everyday, when Frankfurt session begins (which is 1 hour before London open), I look at the daily suggestions with settings written below. UseCurrent = true UseBarInsteadofMa = false. In order to filter suggestions; i increase trade level to 3 or 4. Then i look for a retrace or a good support/resistance level to open positions for each currency. If needed, i use averaging to cover negative pips. Daily TP = 50 pips. SL = 100 pips That's all.
Hi Grandaevus
thats exactly how i trade the basket and posted on this some time ago, you cant have a defined entry time, whish to hell we could, my Oanda daily candle closes or opens new candle 1 hr before Euro open, i delete the pairs which dont look good to continue in the basket direction, and after entry look for price of all to reach daily range on average, its impossible to call them all, today 150 pipsprofit, see attached for an idea, all the best and green pips to all
Ray
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPYDaily.png Size: 66 KB
  • #3,749
  • May 3, 2017 5:51am May 3, 2017 5:51am
Quoting grandaevus
{quote} I don't use a constant time to open a basket. Everyday, when Frankfurt session begins (which is 1 hour before London open), I look at the daily suggestions with settings written below. UseCurrent = true UseBarInsteadofMa = false. In order to filter suggestions; i increase trade level to 3 or 4. Then i look for a retrace or a good support/resistance level to open positions for each currency. If needed, i use averaging to cover negative pips. Daily TP = 50 pips. SL = 100 pips That's all.
Ok thanks for feedback, I'm pretty good with GMT, BST and CET but I know other folk get confused
I'm sure yesterday you said 'Open only one basket @ one hour after London Open'....
I'm just trying to find optimal times to open baskets......
Anyway, good luck everybody, maybe post times you are opening your baskets. As with everything in life, timing is very important......
used to be undecided but nowadays can't make my mind up
  • #3,750
  • May 3, 2017 5:53am May 3, 2017 5:53am
Hi Xmess7,

I am wondering
The First snap shot_Capture 12(Using Template) is working well, it shows W1 (currency strengh gause) as well.

But the second snap shot_Capture 123 (attach the indicator not template), but not showing W1 (currency strengh gause).
And aslo "TFs used: W1" but should it be "Suggestions for 10080mins TF"?

Can you please tell me what is wrong with the second snap shot?

-Racoon-
Attached Images
  • #3,751
  • May 3, 2017 6:00am May 3, 2017 6:00am
Quoting Norg
{quote} Because 10080 is a constant for weekly timeframe used by MT4 developers. It has in fact nothing to do with number of seconds. It could be pretty much any number. It's just for convenience that 10080 was selected.
Thank you very much
Trust. Commitment. Love
  • #3,752
  • Edited 6:35am May 3, 2017 6:04am | Edited 6:35am
This indicator is infact a free trading signal service for all of us.

Trading is much easier when somebody or something tells you the pairs of the day or the week that have high probability to go long or to go short.

After that,
All you have to do is use manual trading strategies like support/resistance levels, over bought /over sold areas, retraces, etc... to enter the market.
  • #3,753
  • May 3, 2017 6:08am May 3, 2017 6:08am
Quoting xmess7
{quote} No, you would have to add the comment with the basket number and trade number. Just like you see under the Trade comments. The EA uses the basket number and the trade comments field to distinguish baskets. Plus the EA's trades are exclusive to the basket. This was done so any basket would not interfere with any other trades or EAs you may be using. Besides, according to pg1 rules you do not add or subtract pairs. You create a basket and monitor it during the week till it either hits TP/SL or you close it. Then repeat the process the following...
Hi xmess, thanks for your nice work, it's really benifit us.

I tried this system for weeks, and noticed that mostly on mondays, it got bad results, so could you add an option to reverse trade on monday for daily trade? it must be better.

thank you again!
  • #3,754
  • May 3, 2017 6:12am May 3, 2017 6:12am
Quoting mrcreosote
{quote} Ok thanks for feedback, I'm pretty good with GMT, BST and CET but I know other folk get confused I'm sure yesterday you said 'Open only one basket @ one hour after London Open'.... I'm just trying to find optimal times to open baskets...... Anyway, good luck everybody, maybe post times you are opening your baskets. As with everything in life, timing is very important......
Sorry for the confusion. Yesterday i had to wait till 8 gmt (one hour after london open) to open positions.

Generally speaking, Frankfurt open is the time that i start to look for buy/sell setups.
  • #3,755
  • May 3, 2017 6:23am May 3, 2017 6:23am
Hi Folks,

UPDATED at 03.05. 2017, 11:20GMT

Monthly Diff Baskets (43200), all 4 variants, started on Tuesday 02.05. at 08.00GMT.
Look at it.......
Unbelievable!!!

XX001: True, False
XX002: True, True
XX003: False, False
XX004: False, True
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 161 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 193 KB


Wanna settings of Indi?
Click here: https://www.forexfactory.com/attachm...4&d=1493740667
  • #3,756
  • Edited 6:43am May 3, 2017 6:30am | Edited 6:43am
Quoting alesridl
Hi Folks, UPDATED at 03.05. 2017, 11:20GMT Monthly Diff Baskets (43200), all 4 variants, started on Tuesday 02.05. at 08.00GMT. Look at it....... Unbelievable!!! XX001: True, False XX002: True, True XX003: False, False XX004: False, True {image} {image} Wanna settings of Indi? Click here: https://www.forexfactory.com/attachm...4&d=1493740667
Very good results indeed. But the question is do you dare to use this set up on a live account?

I can assure you there'll be huge drawdowns when you trade on monthly charts.
  • #3,757
  • May 3, 2017 6:35am May 3, 2017 6:35am
Quoting alesridl
Hi Folks, UPDATED at 03.05. 2017, 11:20GMT Monthly Diff Baskets (43200), all 4 variants, started on Tuesday 02.05. at 08.00GMT. Look at it....... Unbelievable!!! XX001: True, False XX002: True, True XX003: False, False XX004: False, True {image} {image} Wanna settings of Indi? Click here: https://www.forexfactory.com/attachm...4&d=1493740667
Nice and r ea setings

is r ea setings same as mine one
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 64 KB
  • #3,758
  • May 3, 2017 6:38am May 3, 2017 6:38am
Quoting admir
{quote} Nice and r ea setings is r ea setings same as mine one {image}
No,

Only basic setting, "free to run".

A.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 74 KB
  • #3,759
  • May 3, 2017 6:38am May 3, 2017 6:38am
Quoting Norg
{quote} Because 10080 is a constant for weekly timeframe used by MT4 developers. It has in fact nothing to do with number of seconds. It could be pretty much any number. It's just for convenience that 10080 was selected.
Hello all readers of this fine thread,

I have been reading for a few days to catch up and I do have some questions, but first I would like to address this number 10080

Warning: myth buster alert

In fact, it's not seconds but Minutes

Day is 24 hours, by 60 minutes = 1440 as we all know

Week is 7 days, by 1440 minutes = 10080 as we all now know

Hope that helps, John
It takes a lot for me to IGNORE you, but you can try.
  • #3,760
  • May 3, 2017 6:41am May 3, 2017 6:41am
Quoting alesridl
Hi Folks, UPDATED at 03.05. 2017, 11:20GMT Monthly Diff Baskets (43200), all 4 variants, started on Tuesday 02.05. at 08.00GMT. Look at it....... Unbelievable!!! XX001: True, False XX002: True, True XX003: False, False XX004: False, True {image} {image} Wanna settings of Indi? Click here: https://www.forexfactory.com/attachm...4&d=1493740667
Hi ... i am curious to know what is the DD total please !!!
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