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CCFp weekly signals (set and forget basket trading)

  • #4,841
  • May 15, 2017 8:37am May 15, 2017 8:37am
Hi , my problem from this morning that my baskets didn't open was a broker issu . They openend the account with all the curencies disabled so the EA was not able to see them.
Fixed and first multi-baskets on live is open now !!
One thing left to do is PATIENCE
aLEX
  • #4,842
  • May 15, 2017 8:38am May 15, 2017 8:38am
2nd bad week for my weekly basket stopped out at -350 pips made a ton of pips with these same settings, going to have to think about multi baskets i think.
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  • #4,843
  • May 15, 2017 8:40am May 15, 2017 8:40am
Quoting montego
2nd bad week for my weekly basket stopped out at -350 pips made a ton of pips with these same settings, going to have to think about multi baskets i think. {image}
GOOD IDEA...
Forexpinbar did 2 weeks ago 8000 pips and last week -1500 pips but still in 6500 pips profit ... this is waht i trade on live right now ...5,7, and 9 tf ft and ff
Alex
  • #4,844
  • May 15, 2017 8:43am May 15, 2017 8:43am
Quoting agagukalex
{quote} GOOD IDEA... Forexpinbar did 2 weeks ago 8000 pips and last week -1500 pips but still in 6500 pips profit ... this is waht i trade on live right now ...5,7, and 9 tf ft and ff Alex
are you getting good results alex and what time are you entering ?
  • #4,845
  • May 15, 2017 8:46am May 15, 2017 8:46am
Quoting montego
{quote} are you getting good results alex and what time are you entering ?
It depends if you are able to stand on Big DD but big DD with smal lot size is better ...
last week we went to -780 pips and came back to give us 1700 pips on thuesday...
this morning iam at -433 pips but it will come back ..
we will see
Alex
  • #4,846
  • May 15, 2017 9:13am May 15, 2017 9:13am
Quoting Erebus
{quote} What "time" did you open that?
Opened at 00:07 UTC
  • #4,847
  • May 15, 2017 9:24am May 15, 2017 9:24am
Someone get profits today?, and what set you have?
  • #4,848
  • May 15, 2017 9:26am May 15, 2017 9:26am
Quoting prokopisl
Demo vs Real. I am not an experienced trader. Could someone explain why there are such differences in the two accounts? They have: Same Broker Same Balance Same Settings Same Signals Same basket open time Same lot size The screenshots were taken at exactly the same time. Is there something I am missing here? {image} {image}
The only difference between the two charts is the TF: the Real runs at M1 (as it should do, by the vendor of CCFp) and the the Demo one runs at H1.
I don't know how and/or if this detail is affecting the final outcome, since I don't know how the EAs and Indicators function and relate each to the other.
If anybody is aware of, please comment.
  • #4,849
  • May 15, 2017 9:57am May 15, 2017 9:57am
Today using xmess preset and the original forexpinbar ccfp template.

Weekly.

Currently + 192 pips

min week pip count -33 pips.

On darwinex demo server.
  • #4,850
  • May 15, 2017 10:06am May 15, 2017 10:06am
Quoting chrisdk2017
Today using xmess preset and the original forexpinbar ccfp template. Weekly. Currently + 192 pips min week pip count -33 pips. On darwinex demo server.
wierd that was my settings, what time did you open the basket bud? and what was stopploss ?
  • #4,851
  • May 15, 2017 10:10am May 15, 2017 10:10am
Quoting ordosgoitia
Someone get profits today?, and what set you have?
Yes, 50 pips...If you read some pages back, you will find out how...
  • #4,852
  • May 15, 2017 10:22am May 15, 2017 10:22am
Quoting ordosgoitia
Someone get profits today?, and what set you have?
Take it you don't read the thread. I posted earlier but that's the last .
  • #4,853
  • May 15, 2017 10:49am May 15, 2017 10:49am
I've often seen debates about skipping mondays on weekly strategies such as this. Its possible the large drawdown is coming on monday. Starting at LO on tuesday may yield better results. The best trading days are often regarded as tuesday through thursday. Could be helpful to stick to these. Its really going to require mounds of testing and no variables will always work at one static setting.

I'm seeing a large dd. Opened 3 baskets at LO on monday, weekly timeframe, all 3 are trade level 5, with TF, FF, FT.
  • #4,854
  • Edited 11:17am May 15, 2017 11:01am | Edited 11:17am
Shocking start for myself. All but one baskets stopped out at S/L of -150 pips.... I'm now thinking I need to account for a larger DD.

- I think figuring out the mean draw-down from an analysis of all trades here on the thread would be really useful.
- Establishing correct entry is another vital factor, which requires a lot of research, LO/NY/Asian trading periods seem to have differing results.

I do think it's important though to not over analyse loss of pips. This is the nature of the game, you win some, you lose some and sometimes it just happens, and sticking to your guns i.e. FPB's strategy may be the key.

Settings are in the comment field

I will restart these all for a Tuesday start and increase S/L to 200 pips... In reality, I won't be trading multiple baskets, so I won't ever risk -700 pips in a day...
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  • #4,855
  • May 15, 2017 11:01am May 15, 2017 11:01am
Quoting montego
{quote} wierd that was my settings, what time did you open the basket bud? and what was stopploss ?
11 GMT as it is set to in the preset.

No stoploss as in the preset.
  • #4,856
  • May 15, 2017 11:06am May 15, 2017 11:06am
Quoting Forexpinbar
What a beautiful way to start the week...Daily(1440) signals on daily mode multiple baskets. First time testing this.No SL and No TP because I need to test more to figure out the SL and TP that works best for me..Baskets opened at 9AM gmt and will be closed at NY close today. Results after 3hours 30minutes of opening baskets in screenshot Settings Trade Level 2 FF , FT ,TF Trade level 3 FF , FT , TF Trade Level 4 FF , FT , TF Trade Level 5 FF , FT , TF {image}
have you opened 47 trade in one day?
  • #4,857
  • May 15, 2017 11:10am May 15, 2017 11:10am
Quoting chrisdk2017
{quote} 11 GMT as it is set to in the preset. No stoploss as in the preset.
wierd exactly the same time i opened, but i had 350 sl perhaps your stop was bigger than mine and it reversed.
  • #4,858
  • May 15, 2017 11:11am May 15, 2017 11:11am
Update walk forward analysis during a period known not to perform well for this system:

Attached Image
  • #4,859
  • May 15, 2017 11:12am May 15, 2017 11:12am
Quoting csternfx
I've often seen debates about skipping mondays on weekly strategies such as this. Its possible the large drawdown is coming on monday. Starting at LO on tuesday may yield better results. The best trading days are often regarded as tuesday through thursday. Could be helpful to stick to these. Its really going to require mounds of testing and no variables will always work at one static setting. I'm seeing a large dd. Opened 3 baskets at LO on monday, weekly timeframe, all 3 are trade level 5, with TF, FF, FT.
Totally agree last monday i got stopped out at -350 and i opened another basket in the asian session at 105gmt Tuesday morning it made 12% !!!
@Johnsmith i think you need at least 350 sl bro, just my opinion.
  • #4,860
  • May 15, 2017 11:38am May 15, 2017 11:38am
Quoting johnsmith2nd
Shocking start for myself. All but one baskets stopped out at S/L of -150 pips.... I'm now thinking I need to account for a larger DD. I think figuring out the mean draw-down from an analysis of all trades here on the thread would be really useful. Settings are in the comment field I will restart these all for a Tuesday start and increase S/L to 200 pips... In reality, I won't be trading multiple baskets, so I won't ever risk -700 pips in a day... {image} {image} {image}
Piece of suggestion if I may as I guess we all are trying to figure out whats the best basket TP & SL by running and analyzing different sets. As already things are pointed by our fellow pro traders, just compiling some stuff

  1. There's no fixed SL or TP due to market volatility
  2. Keep close attention to how many pairs are trading, what's the total spread / commission from broker
  3. To trade everyday is not a must. Especially if there's big news coming or there's a huge price movement occurred previously (example - NZD crash) which will effect CCFP a lot in higher TF, manual trade selection will be a good idea based upon your suggestions earlier. Appreciate it.
  4. The quality of trade matters over quantity, we still can manage same % profit by ramping up lot size.
  5. Special attention to be given on drawdown if we are thinking long term.

Just following these simple rules able to manage a decent profit & drawdown figure, even though its still young still it did pretty well in the last tough week. Sure many more tougher weeks to follow, so who is ready

Green Pips !

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