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CCFp weekly signals (set and forget basket trading)

  • #5,061
  • May 18, 2017 3:19pm May 18, 2017 3:19pm
Hya is anyone trying this without SL pips or percent ?
Trades that should have been closed are in profit now as they hit the lowest pip-count
and started to reverse ...
Because of all these tests, and watching others too i am forming my own opinion and making some rules for myself
and one of them is not to put a SL on a Weekly, but will value things as more tests will be carried out ..
At the end of the day why when using the weekly shall i wait until Friday to close my trades if i have Hit my average pips... (margin call awareness of course)
I need only 520 real pips a week and then am okay,,, if i make them on Monday only (which is difficult) just saying
then i'll have more time to do more testing...
Has anyone made own rules already since the thread had started ?
rules money management make life better and precise... simple math Kiss is the best..
Kiss (Keep it Simple Stupid)
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The arriving better than the arrival, the journey has just started
  • #5,062
  • May 18, 2017 3:43pm May 18, 2017 3:43pm
Quoting jenbols
Hya is anyone trying this without SL pips or percent ? Trades that should have been closed are in profit now as they hit the lowest pip-count and started to reverse ... Because of all these tests, and watching others too i am forming my own opinion and making some rules for myself and one of them is not to put a SL on a Weekly, but will value things as more tests will be carried out .. At the end of the day why when using the weekly shall i wait until Friday to close my trades if i have Hit my average pips... (margin call awareness of course) I...
Nice post Jenbols totally agree
  • #5,064
  • May 18, 2017 4:52pm May 18, 2017 4:52pm
Quoting jenbols
Hya is anyone trying this without SL pips or percent ? Trades that should have been closed are in profit now as they hit the lowest pip-count and started to reverse ... Because of all these tests, and watching others too i am forming my own opinion and making some rules for myself and one of them is not to put a SL on a Weekly, but will value things as more tests will be carried out .. At the end of the day why when using the weekly shall i wait until Friday to close my trades if i have Hit my average pips... (margin call awareness of course) I...
I ran without a stop loss on weekly on tf on a 10k account at level 2 (demo). it hit -7k this week,they dont all turn around so be careful.
  • #5,065
  • May 18, 2017 5:02pm May 18, 2017 5:02pm
Quoting nihilist23uk
{quote} I ran without a stop loss on weekly on tf on a 10k account at level 2 (demo). it hit -7k this week,they dont all turn around so be careful.
On what lot size and leverage? Actually the pip amount is most important for consideration on possible DD that can occur.
  • #5,066
  • May 18, 2017 5:13pm May 18, 2017 5:13pm
Quoting Telac
{quote} On what lot size and leverage? Actually the pip amount is most important for consideration on possible DD that can occur.
yeah for sure,but cant remember the pip count as i closed it all out,only remember the $ ,but i was using 0.4 lots if that helps.
  • #5,067
  • May 18, 2017 5:43pm May 18, 2017 5:43pm
Quoting nihilist23uk
{quote} yeah for sure,but cant remember the pip count as i closed it all out,only remember the $ ,but i was using 0.4 lots if that helps.
Thanks for that, using .4 lots explains it. If you were trading say 12 pairs that's 4.8 lots in trade which means your DD was maybe only 150 pips or so.
  • #5,068
  • May 18, 2017 6:22pm May 18, 2017 6:22pm
Quoting nihilist23uk
{quote} I ran without a stop loss on weekly on tf on a 10k account at level 2 (demo). it hit -7k this week,they dont all turn around so be careful.
Agreed Bro. I have see 1600 DD turn back to 2000+ profit. On a demo account. Ok both my balls are crystal n all that. But when I went to live it all changes.
'Life' only really begins just over the edge of our comfort zones
  • #5,069
  • May 18, 2017 6:27pm May 18, 2017 6:27pm
Quoting nihilist23uk
{quote} I ran without a stop loss on weekly on tf on a 10k account at level 2 (demo). it hit -7k this week,they dont all turn around so be careful.
Well yeah with that size will happen on a weekly bases ... numbers of pairs ... especially if that was a week out of the ordinary in terms PSO, Adr pips etc ,,,
but i tried it on daily only ,,, on demo of course ....
The thing is, the set and forget i like, but i love more the "Forget about forgetting" i can't just let my mind and the Ea to manage my money based on closing time and so on ... I try to let the Market decide if i should close before time comes ... If i see good pips then grab_n'_go !
because even though is running wihtout SL i might let it go, as long as other baskets TF/FF different MAs etc ... are doing well .. the averaging has to keep positive of course _
I did try on Live, but about live i have 3 account, Live 1 is untouched by any Pins or Ea, manual only and switching soon to Mt5
Live 2 i load only and only those systems which i have tested for months with at least 8 Brokers in Rotation on Demo
and Live 3 a Micro account where i test Pins and Ea's which have done not too bad and the only chance
to see how they perform is to try them on live and try ....as Demo and Live brokers have different feeds and you never know ...
The arriving better than the arrival, the journey has just started
  • #5,070
  • May 18, 2017 6:49pm May 18, 2017 6:49pm
Quoting jenbols
{quote} Well yeah with that size will happen on a weekly bases ... numbers of pairs ... especially if that was a week out of the ordinary in terms PSO, Adr pips etc ,,, but i tried it on daily only ,,, on demo of course .... The thing is, the set and forget i like, but i love more the "Forget about forgetting" i can't just let my mind and the Ea to manage my money based on closing time and so on ... I try to let the Market decide if i should close before time comes ... If i see good pips then grab_n'_go ! because even though is running...
Yeah id struggle with that on live too.I need control,I only run one live account and thats because I know the system very well.

Funny enough,it was on daily,I was going in on the open of every session,going for 100pip,with a 200 stop.Only opening in the next session if the previous was closed in profit or loss.Had an issue with the stop loss on the ea not closing out for some reason,so had to let it run and see what happened. It was working well for a few days,then went south.Tokyo open has only failed me once this week. Claudia doing well with that as well.
I will try some new things next week.
  • #5,071
  • May 18, 2017 6:57pm May 18, 2017 6:57pm
Quoting nihilist23uk
{quote} Yeah id struggle with that on live too.I need control,I only run one live account and thats because I know the system very well. Funny enough,it was on daily,I was going i....
Ouch ah well at least now you are knowing things by your own experience ... and that is what i do to ,, try try
other can teach us something new but we need to try our own stuff ,,, i like that
Was gonna tell you the Ea you are using is the 37.6 ? there is a bug about closing there ,, it was not your mistake ... i know it for sure

If you want to still use that and not to use the new one i think name was ? v.2.37 then you need to Use on daily and weekly the close on the same time too ...and it will close on the time you want or it wont close ... i didnt say it to Xmess as i thought it was already mentioned and anyway when new versions are there coders are likely no to support anymore the older ones, it is normal ... and acceptable //
If you try those times then it will work 101 %
The arriving better than the arrival, the journey has just started
  • #5,072
  • May 18, 2017 6:59pm May 18, 2017 6:59pm
Quoting nihilist23uk
{quote} Regardless of stop loss,you can't risk only 1% of account using 12 pairs with $500 account with a lot size of 0.02 ,12 trades will open with a drawdown of 1% Then your talking about spreading it out over a set of pairs from an indicator that you don't know how many pairs it's going to give you. I might have it wrong but with all due respect please tell us why. Please explain to everyone what you have written and if we haven't understood correctly.
This is a very important point here, and what I think about it

I sent a PM to xmess7 (no response) asking if it was possible to have a setting of "Total Lot Size" in the EA

What that would do is: you have general idea of how much risk you are able to have for account size, eg. 0.10 per $1,000 in account, so $10,000 = 1.00 Lot

Then at the time of trade opening, the EA knows there is signal for 12 trades for example and takes the "Total Lot Size" and divide by the number of trades

In this case 1.00 / 12 = 0.08 per pair, or if only 3 trades then 1.00 / 3 = 0.33 - get what I'm saying?

In general, then the RISK remains the same and is chosen by the USER

As the EA is used now, everyone is so fixated on maximum PIPS ????

Everyone gets the same pips no matter what the Lot Size is BUT the total RISK cannot be controlled as the EA is right now

That's how I see it anyway, you may disagree, please make suggestion if you have better idea, thanks
It takes a lot for me to IGNORE you, but you can try.
  • #5,073
  • May 18, 2017 7:09pm May 18, 2017 7:09pm
Quoting jenbols
{quote} Ouch ah well at least now you are knowing things by your own experience ... and that is what i do to ,, try try other can teach us something new but we need to try our own stuff ,,, i like that Was gonna tell you the Ea you are using is the 37.6 ? there is a bug about closing there ,, it was not your mistake ... i know it for sure If you want to still use that and not to use the new one i think name was ? v.2.37 then you need to Use on daily and weekly the close on the same time too ...and it will close on the time you want or it wont close...
Thanks for that,xmess gave me a work around,just take the minus off the stop loss,so instead of -200 put 200 and it works fine.
  • #5,074
  • May 18, 2017 7:13pm May 18, 2017 7:13pm
Quoting Erebus
{quote} This is a very important point here, and what I think about it I sent a PM to xmess7 (no response) asking if it was possible to have a setting of "Total Lot Size" in the EA What that would do is: you have general idea of how much risk you are able to have for account size, eg. 0.10 per $1,000 in account, so $10,000 = 1.00 Lot Then at the time of trade opening, the EA knows there is signal for 12 trades for example and takes the "Total Lot Size" and divide by the number of trades In this case 1.00 / 12 = 0.08 per pair, or if only 3 trades...
Great idea. I hope it gets implemented.

I would also like an option for Virtual Basket to be opened whenever the trigger is reached, without having to specify a day of the week.
  • #5,075
  • May 18, 2017 7:15pm May 18, 2017 7:15pm
Quoting Erebus
{quote} This is a very important point here, and what I think about it I sent a PM to xmess7 (no response) asking if it was possible to have a setting of "Total Lot Size" in the EA What that would do is: you have general idea of how much risk you are able to have for account size, eg. 0.10 per $1,000 in account, so $10,000 = 1.00 Lot Then at the time of trade opening, the EA knows there is signal for 12 trades for example and takes the "Total Lot Size" and divide by the number of trades In this case 1.00 / 12 = 0.08 per pair, or if only 3 trades...
Yeah,I think that could be a good idea..Xmess has done a great job with the ea,(prob needs a holiday !) I think hes prob over run with requests as well and he's already got an update due soon.I suspect he has taken on board your suggestion so dont read too much into not getting a reply.
  • #5,076
  • May 18, 2017 7:29pm May 18, 2017 7:29pm
Quoting Erebus
{quote} This is a very important point here, and what I think about it I sent a PM to xmess7 (no response) asking if it was possible to have a setting of "Total Lot Size" in the EA What that would do is: you have general idea of how much risk you are able to have for account size, eg. 0.10 per $1,000 in account, so $10,000 = 1.00 Lot Then at the time of trade opening, the EA knows there is signal for 12 trades for example and takes the "Total Lot Size" and divide by the number of trades In this case 1.00 / 12 = 0.08 per pair, or if only 3 trades...
The Ea is cool now but ... mhmh good idea though i don't know how difficult must be to code such a addition ...
One should be able to decide first what one can afford to lose in terms of percentage or just deciding an amount rounded numbers as a total
and then determining how much per pair and so on ,,,, but then also the Position of the Stop need to be decided ...
also different pairs have different risk and on manual one is able to calculate and value, not sure with many pairs how it goes, but okay as you said the risk
should be equal for all.
I Used once a calculator, not sure what the name was, it had a kind of custom pip stop level and was calculating
the position size based on stop size_
The arriving better than the arrival, the journey has just started
  • #5,077
  • May 18, 2017 8:46pm May 18, 2017 8:46pm
Quoting Erebus
{quote} This is a very important point here, and what I think about it I sent a PM to xmess7 (no response) asking if it was possible to have a setting of "Total Lot Size" in the EA What that would do is: you have general idea of how much risk you are able to have for account size, eg. 0.10 per $1,000 in account, so $10,000 = 1.00 Lot Then at the time of trade opening, the EA knows there is signal for 12 trades for example and takes the "Total Lot Size" and divide by the number of trades In this case 1.00 / 12 = 0.08 per pair, or if only 3 trades...
It really depends on the comfort of the individual, whether the risk you want to take is a set $ Per Day or Risk Per Pair.
If you use 1.00 Lot / 12 pairs = 0.08 per pair and that is your acceptable level per pair and you change that because only 3 pairs are selected by the Indicator you are in fact magnifying your risk per pair by 4 times, 1.00 / 3 = 0.33 and a small selection does not really fit the definition of Basket Trading (Spreading The Risk)
$10000 Account with a Risk Per Pair 1% = $100, SLoss 30 Pips = 0.30 Lot
I have been told that the above calculation can be easily coded into an EA with the only input from the user being the Risk Per Pair % but I am not a coder.
When you are successful perhaps give a thought to others ... Kiva dot org
  • #5,078
  • May 18, 2017 9:17pm May 18, 2017 9:17pm
Quoting jenbols
{quote} The Ea is cool now but ... mhmh good idea though i don't know how difficult must be to code such a addition ... One should be able to decide first what one can afford to lose in terms of percentage or just deciding an amount rounded numbers as a total and then determining how much per pair and so on ,,,, but then also the Position of the Stop need to be decided ... also different pairs have different risk and on manual one is able to calculate and value, not sure with many pairs how it goes, but okay as you said the risk should be equal...
there is an excel sheet on post 1 that allows you to calculate this manually when setting your stop loss.

the risk per pair can only calculate accurately when knowing what stop loss you wish to set, otherwise it is calculating a % of balance to use as a lot size, and calling that the "risk"...
Life is like a snickers, its full of nuts!
  • #5,079
  • May 18, 2017 10:40pm May 18, 2017 10:40pm
Today, i start trading with this amazing method from Forexpinbar. the result is only 35min from opening.
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  • #5,080
  • May 18, 2017 10:57pm May 18, 2017 10:57pm
Quoting Forexpinbar
Daily signals on daily mode.Settings here https://www.forexfactory.com/showthr...41#post9867141 .Quite a nice way to end the day..If it continues like this , making about 5000pips on weekly basis wouldnt be a big deal anymore.. Multiple basket Maximum pips = +2317 pips Minimum pips= -177pips Multiple basket pip gain = +2044 I remember when I used to struggle to make 1000 pips in a month when I was trading other trading strategies..Its comical in retrospect how one can make tons of pips with such a simple system... God bless...
Hi Forexpinbar

Thanks for sharing with us your results, your help is really appreciated

what is your today (thursday) results for the 12 baskets?

I started to use the same setting exactly but it finished with negative 1140 pips

to summarize my understanding:

start at 9:00am GMT time
end at 12:00 NW time (21:00 GMT)
12 Baskets covering the combination of levels 2, 3, 4 and 5 with FF, FT and TF
no take profit or stop loss

did i miss something?
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