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CCFp weekly signals (set and forget basket trading)

  • #4,322
  • May 8, 2017 4:56am May 8, 2017 4:56am
Quoting firewight
{quote} Dont worry too much. Its reasonable to say after the high impact volatility of the French elections, that we probably shouldn't have been trading today anyways... Pick you battles!
Exacta mon! My intention was to see how my Monday-Fri open baskets will differ from my Tuesday-Fri baskets, with potential volatile news on the Mon.
Will this be a draw-down and can I see my pips reverse, or should I have abstained completely from trading? These sort of conditions I will explore, to get an idea of the functionality. Realistically I wouldn't trade given the volatile currency strengths, but this isn't realistic, it's a demo..
  • #4,323
  • May 8, 2017 4:58am May 8, 2017 4:58am
Quoting johnsmith2nd
Morning all, so far all red pips, but very early days! 3 Weekly (10080) baskets open. TF - Level 2 TF - Level 4 TF - Level 6 and one daily (1440) TF - Level 2 No stops and no TP. I've set profit lock at 200 pips, 50% Let's see how news will affect these signals, and it looks like from previous posts there's been some last minute signal changes... I'm wondering if my signals are not matching with others? {image}
I think it just short movement.
God always good for us...
Just Small Pips Return Today: na
  • #4,324
  • May 8, 2017 5:00am May 8, 2017 5:00am
i sold the EUR basket, sold the JPY cross and Bought the NZD.......
an offline chart for confirmation would be nice....this would boost confidence to take trades also
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cut your losses short and let your profit run
  • #4,325
  • May 8, 2017 5:15am May 8, 2017 5:15am
Quoting firewight
{quote} Dont worry too much. Its reasonable to say after the high impact volatility of the French elections, that we probably shouldn't have been trading today anyways... Pick you battles!
Gotcha i think i will limit trading days for tues - thurs with this system as a trial. I do like Claudia's take on it, 40 pip daily tp
  • #4,327
  • May 8, 2017 6:38am May 8, 2017 6:38am
Hello everyone. I started following this thread some time ago as I like the idea of buying strenght and selling weakness. I started reading the thread from the beginning agian at the weekend as it has grown so much and to be honest as I was not following it everyday I lost my way and missed a lot of the information that has been added to the thread over time. Last night I watched the signals and could not get the ea started. Discovered this morning a simple mistake I was making was that when I was entering the time I wanted the ea to start I was entering a . instead of a : what a fool. Anyway I was thinking back several years when I first became interested in the forex market and remebered one the first rules I read about not entering the market on Sunday night or Monday morning as the market is feeling its feet as it were and many times due to gaps ect will reverse from trend into a pullback. Also not to trade Friday past uk midday as positions being closed in advance of the weekend market closure. So this morning I thought I would go with the signals of 10080 time frame on true false setting level 4 trades which I have no doubt are valid but felt I would be stopped out by stop loss due to it being Monday. Of course I was stopped out. I am now waiting to re enter the market when the Monday reversal is over to try and catch the continuation of the trend and the signals that were given this morning. I know this does not help the set and forget original thoughts of forex pinbar but for someone who hates draw down this may be my way forward of using the signals to day trade or indeed get in to the weekly trade with minimum draw down. Just my thoughts.
Thanks to all that have worked so hard on the ideas on this thread. Good stuff.
  • #4,328
  • May 8, 2017 7:26am May 8, 2017 7:26am
My first test of the EA,
I decided to wait a bit today because of elections so set ea to open at 9:00GMT so 10:UK TIME ( 2HRS AFTER LONDON OPEN) still in trades at the moment but running at -100 pips ,lets see if it helped with a few hours delay...
true-false level 2.

Big thanks to forexpinbar and xmess7 and others for your hard work...Hope I can contribute a bit buy posting results.
  • #4,330
  • May 8, 2017 7:56am May 8, 2017 7:56am
Quoting alexforex541
{quote} Hi Xmess7 Thank you for your wonderfull work on this tread and EA I start testing the system on (demo) from last week Can you be so kind and considering to ad to the EA - CLOSE individual trades on opposite signal - MM on account % if is it not too much to ask All the best Alex
Read the rules:

3. There's no free lunch here, go and do your homework, STUDYING about the CCFP strategy. This EA is meant as a helping hand but cannot substitute in any way trader's knowledge. Any questions referring to xmess7 EA please direct message him so as not to clutter up the thread.
  • #4,331
  • May 8, 2017 9:07am May 8, 2017 9:07am
Quoting Jhlewis10
{quote} Read the rules: 3. There's no free lunch here, go and do your homework, STUDYING about the CCFP strategy. This EA is meant as a helping hand but cannot substitute in any way trader's knowledge. Any questions referring to xmess7 EA please direct message him so as not to clutter up the thread.
lol couldn't agree more. But this is FF and if you post a simple system/strategy that works then everyone wants to change it. Best thing xmess can do is post the source code and let them get on with it.
  • #4,332
  • May 8, 2017 9:27am May 8, 2017 9:27am
Quoting claudia1
{quote} lol couldn't agree more. But this is FF and if you post a simple system/strategy that works then everyone wants to change it. Best thing xmess can do is post the source code and let them get on with it.
Exactly. I've seen countless threads getting abandoned because more and more people started requesting to add this filter, add that indicator bla bla etc etc. Why can't they just stick to what is given and practice until perfected.
  • #4,333
  • May 8, 2017 9:33am May 8, 2017 9:33am
Not bad for start... Going green all the way, I hope so!
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #4,334
  • May 8, 2017 9:36am May 8, 2017 9:36am
Quoting alexforex541
{quote} Hi Xmess7 Thank you for your wonderfull work on this tread and EA I start testing the system on (demo) from last week Can you be so kind and considering to ad to the EA - CLOSE individual trades on opposite signal - MM on account % if is it not too much to ask All the best Alex
you CANT wait to close a trade at opposite ,think again cos big TF are used in calculations.until W1 signal change for you to have opposite you can be in big DD for some bad trades.and MM i think if i'm not blind i saw it in trade manager EA and is really nice with % sl/tp and even individual trades sl/tp and some kind of jump lock profit,really enough for a very decent MM plan anyone can have.
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Take what you can, give nothing back
  • #4,335
  • May 8, 2017 9:44am May 8, 2017 9:44am
Quoting Husky77
{quote} you CANT wait to close a trade at opposite ,think again cos big TF are used in calculations.until W1 signal change for you to have opposite you can be in big DD for some bad trades.and MM i think if i'm not blind i saw it in trade manager EA and is really nice with % sl/tp and even individual trades sl/tp and some kind of jump lock profit,really enough for a very decent MM plan anyone can have. {image}
Got it thanks
Stay GREEN my friends........
  • #4,336
  • May 8, 2017 9:44am May 8, 2017 9:44am
Manually closed at 5% as I have other things to attend to at work and can not monitor it.
Attached Image
  • #4,337
  • May 8, 2017 10:00am May 8, 2017 10:00am
I have noticed one thing peculiar with Monday trading, every monday there is a deep correction or reversal. The DD of my weekly basket was over -700pips, now it has reduced to -300pips now i will have to change my entry time for monday trading from 8am GMT to between 10 & 11 am GMT. This will greatly reduce the DD.
  • #4,338
  • May 8, 2017 10:08am May 8, 2017 10:08am
Quoting olisavictor
I have noticed one thing peculiar with Monday trading, every monday there is a deep correction or reversal. The DD of my weekly basket was over -700pips, now it has reduced to -300pips now i will have to change my entry time for monday trading from 8am GMT to between 10 & 11 am GMT. This will greatly reduce the DD.
yES , SINCE 6 OR 7 WEEKS I ALSO OBSERVED THAT ON MONDAYS TOO , I EVEN THINK ABOUT OPENING MY BASKETS ON 00:00 MONDAY NIGHT !!
JUST SAYING ...
  • #4,339
  • Edited 10:21am May 8, 2017 10:10am | Edited 10:21am
Quoting agagukalex
{quote} yES , SINCE 6 OR 7 WEEKS I ALSO OBSERVED THAT ON MONDAYS TOO , I EVEN THINK ABOUT OPENING MY BASKETS ON 00:00 MONDAY NIGHT !! JUST SAYING ...
or on Tuesday....
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