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CCFp weekly signals (set and forget basket trading)

  • #4,621
  • May 11, 2017 7:45am May 11, 2017 7:45am
Lost on my asia open but made 100pips on london at gmt 9:00. lets see how the NY session goes.
  • #4,622
  • May 11, 2017 8:13am May 11, 2017 8:13am
I had 4 baskets open this morning at 07:00 GMT. Three with the 10080 weekly setting and trade level 3,5,7. All three of those have had big drawdowns and are currently red. However I did open a MTF basket for the 240, and 1440 time frame with just a trade level 1 and it is up 130 pips. Goes to show that you can't rely on the 10080 time frame for daily trades.

I'm going to open all baskets again at 13:30 GMT which is what I've been doing this week. I've actually been profitable from 13:30 to 16:00 using the 10080 setting so we shall see.
  • #4,623
  • May 11, 2017 8:37am May 11, 2017 8:37am
Quoting Embry1
I had 4 baskets open this morning at 07:00 GMT. Three with the 10080 weekly setting and trade level 3,5,7. All three of those have had big drawdowns and are currently red. However I did open a MTF basket for the 240, and 1440 time frame with just a trade level 1 and it is up 130 pips. Goes to show that you can't rely on the 10080 time frame for daily trades. I'm going to open all baskets again at 13:30 GMT which is what I've been doing this week. I've actually been profitable from 13:30 to 16:00 using the 10080 setting so we shall see.
Yeah,keep us posted on that.
  • #4,624
  • May 11, 2017 8:54am May 11, 2017 8:54am
Quoting Embry1
I had 4 baskets open this morning at 07:00 GMT. Three with the 10080 weekly setting and trade level 3,5,7. All three of those have had big drawdowns and are currently red. However I did open a MTF basket for the 240, and 1440 time frame with just a trade level 1 and it is up 130 pips. Goes to show that you can't rely on the 10080 time frame for daily trades. I'm going to open all baskets again at 13:30 GMT which is what I've been doing this week. I've actually been profitable from 13:30 to 16:00 using the 10080 setting so we shall see.
I find its all relative, there are so many variables that give people different results...

Personally I am getting good results on 10080 daily at 00:00 GMT with a 40 pip TP, so far every day except NFP has been a winner with low drawdown to get there...
Life is like a snickers, its full of nuts!
  • #4,625
  • May 11, 2017 8:56am May 11, 2017 8:56am
Quoting Embry1
I had 4 baskets open this morning at 07:00 GMT. Three with the 10080 weekly setting and trade level 3,5,7. All three of those have had big drawdowns and are currently red. However I did open a MTF basket for the 240, and 1440 time frame with just a trade level 1 and it is up 130 pips. Goes to show that you can't rely on the 10080 time frame for daily trades.
One day is not at all statistically significant. I had profit every day of this week trading daily from Monday until yesterday on 10080 TF. Today is just a reverse day, they are unavoidable with this strategy.
  • #4,626
  • May 11, 2017 9:08am May 11, 2017 9:08am
I guess everyone today realised that this is not an EA with the option 'get rich quick' on it (there is not such thing) ...

So, maybe some of us should/could go back to read this AGAIN....slow and wisely.....for your own sake!

FREE MEALS
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"What would you attempt to do, if you knew your success was a certainty?"
  • #4,627
  • May 11, 2017 9:19am May 11, 2017 9:19am
Quoting firewight
{quote} I find its all relative, there are so many variables that give people different results... Personally I am getting good results on 10080 daily at 00:00 GMT with a 40 pip TP, so far every day except NFP has been a winner with low drawdown to get there...
My concern with a 40 pip TP is that depending on number of pairs that show up, you may have a 40 pip drawdown at open due to spread. 16 pairs at 1.2 - 2.0 or so spread can be 30 pips right away of DD. You could leave no room for movement to the downside if you want to maintain a 1:1 ratio. Really varies due to number of pairs determined by trade level.

It seems best results are coming from those running many baskets at small lots for longer periods. I think from a pure probability standpoint, this would work best. However, margin required will be much higher. Say 9 baskets with an average of 5 pairs (due to trade level settings) would be .45 using .01 lots or 4.50 using .10 lots.
  • #4,628
  • May 11, 2017 9:32am May 11, 2017 9:32am
So far my best success with this has been manually trading the indicators from GMT 13:00-16:00 with the 10080 set to trade level 3, and the 240/1440 MTF set to trade level 1. This has been profitable all week.
  • #4,630
  • May 11, 2017 9:46am May 11, 2017 9:46am
Quoting Arashh
Hi, Can anybody upload these 2 files (updated versions) plz. 1). xm7_Ccfp_Wkly_TradeMonitor 2). CCFp-Diff_[v2.0](1) I also want to know that what is safe method of basket trade, i) weekly on every monday or ii) Every day on London open time. ???
Did you look at post #1 and post #2 of this thread? they are the most important and have everything you need.............
Life is like a snickers, its full of nuts!
  • #4,631
  • May 11, 2017 9:56am May 11, 2017 9:56am
Quoting csternfx
{quote} My concern with a 40 pip TP is that depending on number of pairs that show up, you may have a 40 pip drawdown at open due to spread. 16 pairs at 1.2 - 2.0 or so spread can be 30 pips right away of DD. You could leave no room for movement to the downside if you want to maintain a 1:1 ratio. Really varies due to number of pairs determined by trade level. It seems best results are coming from those running many baskets at small lots for longer periods. I think from a pure probability standpoint, this would work best. However, margin required...
Thats a very valid point you bring up with the R:R. I find that this could be offset by a win:loss ratio, such as 8 wins to 2 losses. If that is the ratio (it is roughly that at the moment over 2 weeks daily testing which is way too early to make any practical decisions) then the R:R per trade doesnt change, but the positive expectancy is 80%.

I dont think anyone is running 9 baskets other than for testing purposes, at least thats how it all started, but I think other newer people are seeing this as its own strategy...
Life is like a snickers, its full of nuts!
  • #4,632
  • May 11, 2017 10:03am May 11, 2017 10:03am
These trades were opened at GMT 14:00 following the indicator from 10080 trade level 3, and MTF 240/1440 trade level 1. All trades were opened manually and screenshot was taken at GMT 15:00. Roughly 140 pips.
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  • #4,633
  • May 11, 2017 10:28am May 11, 2017 10:28am
Quoting firewight
{quote} Thats a very valid point you bring up with the R:R. I find that this could be offset by a win:loss ratio, such as 8 wins to 2 losses. If that is the ratio (it is roughly that at the moment over 2 weeks daily testing which is way too early to make any practical decisions) then the R:R per trade doesnt change, but the positive expectancy is 80%. I dont think anyone is running 9 baskets other than for testing purposes, at least thats how it all started, but I think other newer people are seeing this as its own strategy...
win/loss ratio could definitely overcome the risk/reward issue.

I think where a single basket can get in trouble is in the settings and the desire to optimize them. The optimal entry time may vary from day to day or the trade level performs better one day than the next. The multiple basket approach can grab the best (or worst) from many combinations. So if TF trade level 5 was the best this week, but FF trade level 2 was better last week, you got both of them if you run all combinations each week. Just my thought process. Then again, you would catch all of the worst moves potentially as well.
  • #4,634
  • May 11, 2017 10:53am May 11, 2017 10:53am
Yerterday and today some losess.
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  • #4,635
  • May 11, 2017 11:05am May 11, 2017 11:05am
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I'm in deep DD right now, will let it run. So we'll see...This is the biggest DD I have ever seen trading this EA...Have used the same setting for a "decade" now. But, we have to now that this is the part of the game. Can't win them all...But we'll see...
  • #4,636
  • May 11, 2017 11:11am May 11, 2017 11:11am
Quoting bazze
{image} I'm in deep DD right now, will let it run. So we'll see...This is the biggest DD I have ever seen trading this EA...Have used the same setting for a "decade" now. But, we have to now that this is the part of the game. Can't win them all...But we'll see...
Never mind, if you gain before, no problem with 300-500pips....
  • #4,637
  • May 11, 2017 12:05pm May 11, 2017 12:05pm
Anyone got any experience with MTF CCFp Indicator ? I cant get it to show any trades.its loading ok with no errors.I Think it might have something to do with my broker,pairs have prefix.
The single time frame works fine with prefix.
Thanks.
  • #4,638
  • May 11, 2017 12:31pm May 11, 2017 12:31pm
Quoting nihilist23uk
Anyone got any experience with MTF CCFp Indicator ? I cant get it to show any trades.its loading ok with no errors.I Think it might have something to do with my broker,pairs have prefix. The single time frame works fine with prefix. Thanks.
Try lowering your trade level if you are using multiple time frames.
  • #4,639
  • May 11, 2017 12:42pm May 11, 2017 12:42pm
Quoting Embry1
{quote} Try lowering your trade level if you are using multiple time frames.
Thanks for reply,
I have trade level 1 set already,doesn't seem to matter what settings I change i cant get it to show anything.I have tried using the 10080 which i use on the standard indicator which show's ok,but still nothing.
Thanks.
  • #4,640
  • May 11, 2017 1:00pm May 11, 2017 1:00pm
I tried the red news trading + 1m.

One went fine and closed 150 pips, the other one is still open and at -321 pips.

Anyway, opening a non-news basket at 7:00 GMT and closing at a couple percent + has been profitable the whole week.
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