CCFp weekly signals (set and forget basket trading) | Page 363 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Updated CCFp and CFP indis for relative strength trading 55 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Set it & Forget it GBP and CHF signals... 6 replies

Attachments: CCFp weekly signals (set and forget basket trading)
Exit Attachments

CCFp weekly signals (set and forget basket trading)

  • #7,241
  • Jun 20, 2017 9:30am Jun 20, 2017 9:30am
ccfp in FF 10080 will take the difference between the currency strength two weeks ago and compare it with the one week ago to try to predict the currency strength of the coming week. This is basically the principle of a bullish week candle will be followed by another bullish candle and same for bearish until it doesn't.
FF setting will even take you two weeks ago.
Two weeks ago and even one week ago is stale data nowadays.

If you use a T in one of the settings you are comparing the current week currency strength with the previous week.
On first glance you would say that is better but it is not if you enter at Monday 00:00 or even on the Monday at all !
Of course a "current" weekly candle has already opened but it hasn't formed yet, the data in it is minimal and could be last week retracement or even weekend news. One could say the weekly candle will only be formed in a direction after a full first trading day.

Look at the weekly charts and just count the weeks you will win and the weeks you will lose. Do the math.
Attached Image
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #7,242
  • Jun 20, 2017 9:39am Jun 20, 2017 9:39am
Quoting FxMadness
ccfp in FF 10080 will take the difference between the currency strength two weeks ago and compare it with the one week ago to try to predict the currency strength of the coming week. This is basically the principle of a bullish week candle will be followed by another bullish candle and same for bearish until it doesn't. FF setting will even take you two weeks ago. Two weeks ago and even one week ago is stale data nowadays. If you use a T in one of the settings you are comparing the current week currency strength with the previous week. On first...
Yes, but the indicators uses the strength and MA ,so 2 weekly bars one after another won't get you a signal, that's why we never have 28 suggestions...I agree the data is from 2 weeks ago and for example if high impact news make a 200 pips move the signals from 2 weeks is not valid. Still, since April using Weekly signals on daily opening I am up about 3000 pips, SL of 300 was triggered about 4 times.
Some days TP was 900 , others 50, but overall +3000 pips with one basket only, margin required under 100$.
So, from 3 months, aprox 50 days, 4 SL triggered => 80% accuracy. It may be luck, but I prefer to call it edge..

Cheers!
  • #7,243
  • Jun 20, 2017 9:40am Jun 20, 2017 9:40am
Quoting gringoh
Hi, Dont worry Gals & Guys, I wont clutter this thread, this is my unique post about this matter. Are you aware that Forexpinbar was threatened by Forex Factory board to see his thread moved to the Commercial section if he doesnt remove the link to Greed is Good forum?
That's was a really big quote so i took something out.

It is about attention.
Linking to other forums takes the attention away from Forex Factory and that is not allowed to happen.
Suppose a profitable strategy is build outside FF, members will dissapear to that forum.

Look, just saying.
Which by the way i am not saying is anything wrong with that, everybody has to earn a living.
But if Forex Factory would stand for traders making it the forex world it could have lowered it's rules a bit.

Attached Image
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #7,244
  • Jun 20, 2017 9:49am Jun 20, 2017 9:49am
An interesting conversation taking place about filtering trades. A few weeks ago I suggested a method which in all honesty didn't get much response.

To be honest, it's my fault and I'll explain why soon

The idea was that each basket opened with a virtual basket, and as each trade in the virtual basket came into profit, the pair in profit would then be opened in the real basket.

I ran this idea by forexpinbar who asked me to try it and post the results. And so I tried it...for about 3 days.

The results were excellent, minimum drawdown, and quick fire positive pips. But the problem was I had to be glued to the screen the entire time doing this manually and with multiple baskets opened it was extremely exhausting. Then I was back to my day job after that and never went back to it, due the daunting idea of being glued to the screen and more to the point,not being able to because I'm at work.

Now the question is, what do you guys think of the idea and would it be worth one of our amazing coders to implement this into their dashboards?

Yesterday I opened a daily basket and the 4 open trades never came into profit for the entire day. That could easily have been filtered out with the idea mentioned above.
  • #7,245
  • Jun 20, 2017 9:55am Jun 20, 2017 9:55am
Quoting bgntrs
An interesting conversation taking place about filtering trades. A few weeks ago I suggested a method which in all honesty didn't get much response. To be honest, it's my fault and I'll explain why soon The idea was that each basket opened with a virtual basket, and as each trade in the virtual basket came into profit, the pair in profit would then be opened in the real basket. I ran this idea by forexpinbar who asked me to try it and post the results. And so I tried it...for about 3 days. The results were excellent, minimum drawdown, and quick...
so more simple you say use virtual but individual for every pair.sound good.this maybe will be in next xmess versions.
Take what you can, give nothing back
  • #7,246
  • Jun 20, 2017 9:58am Jun 20, 2017 9:58am
Quoting Kezz23
{quote} Yes, but the indicators uses the strength and MA ,so 2 weekly bars one after another won't get you a signal, that's why we never have 28 suggestions...I agree the data is from 2 weeks ago and for example if high impact news make a 200 pips move the signals from 2 weeks is not valid. Still, since April using Weekly signals on daily opening I am up about 3000 pips, SL of 300 was triggered about 4 times. Some days TP was 900 , others 50, but overall +3000 pips with one basket only, margin required under 100$. So, from 3 months, aprox 50 days,...
I am not saying that the "set and forget idea" on a weekly basis doe not work just that there are limitations to where you can k.i.s.s. trade only using ccfp in FF mode.
And at the same time try to explain the T mode in which you have to give ccfp time to gather current week data.

But if you are trading weekly on a daily basis you must also have experienced the today basket which was really the opposite.
Attached Image (click to enlarge)
Click to Enlarge Name: dailyweekly.JPG Size: 217 KB
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #7,247
  • Jun 20, 2017 10:00am Jun 20, 2017 10:00am
Quoting Husky77
{quote} so more simple you say use virtual but individual for every pair.sound good.this maybe will be in next xmess versions.
Oh my goodness you you summed it all up in 2 lines haha, my bad lol
  • #7,248
  • Jun 20, 2017 10:02am Jun 20, 2017 10:02am
Quoting bgntrs
{quote} Oh my goodness you you summed it all up in 2 lines haha, my bad lol
Take what you can, give nothing back
  • #7,249
  • Jun 20, 2017 10:05am Jun 20, 2017 10:05am
Quoting Husky77
{quote} so more simple you say use virtual but individual for every pair.sound good.this maybe will be in next xmess versions.
You are starting to walk into the individual trading mode.
"One for all and all for one" is not basket trading. (o wait, in the basics it is)
Quote
What is a 'Basket Trade'
A basket trade is an order to buy or sell a group of securities simultaneously. Basket trading is essential for institutional investors and investment funds who wish to hold a large number of securities in certain proportions. As cash moves in and out of the fund, large baskets...

15 with a grain of salt, we can do 10. :-) :-)
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #7,250
  • Jun 20, 2017 10:13am Jun 20, 2017 10:13am
Quoting FxMadness
{quote} You are starting to walk into the individual trading mode. "One for all and all for one" is not basket trading. (o wait, in the basics it is) {quote} 15 with a grain of salt, we can do 10. :-) :-)
is only trigger individual on real based on individual virtual profit and to be honest sound very good.if this can be made with a simple false/true inside EA then many can try it and not spend 24 hours on the screen to hit the button individual for each trade.i will go more crazy and talk about pips/profit aaand ATR virtual individual pair.
Take what you can, give nothing back
  • #7,251
  • Jun 20, 2017 10:17am Jun 20, 2017 10:17am
I think understand what he is talking. He said not open trades at first time. Only tracking it virtually and if later that basket is profitable open real trades. Add delay but give you time for discard bad baskets. Not bad idea
Try don't lose pants never...
  • #7,252
  • Jun 20, 2017 10:19am Jun 20, 2017 10:19am
Quoting braintheboss
I think understand what he is talking. He said not open trades at first time. Only tracking it virtually and if later that basket is profitable open real trades. Add delay but give you time for discard bad baskets. Not bad idea
is individual bro.trigger in real will start as soon as one single pair from virtual will hit one target and that pair will trigger in real,not wait for the sum value of entire virtual basket.
Take what you can, give nothing back
  • #7,253
  • Jun 20, 2017 10:24am Jun 20, 2017 10:24am
Quoting Husky77
{quote} is individual bro.trigger in real will start as soon as one single pair from virtual will hit one target and that pair will trigger in real,not wait for the sum value of entire virtual basket.
But you can apply in a full basket removing red trades inside. Then you will get a net profit basket when you open it really
Try don't lose pants never...
  • #7,254
  • Jun 20, 2017 10:29am Jun 20, 2017 10:29am
Quoting bgntrs
{quote} Oh my goodness you you summed it all up in 2 lines haha, my bad lol
see what you started?
Take what you can, give nothing back
  • #7,255
  • Jun 20, 2017 10:33am Jun 20, 2017 10:33am
Quoting braintheboss
{quote} But you can apply in a full basket removing red trades inside. Then you will get a net profit basket when you open it really
I tried this too but it's not as effective. This is because you must wait a while for plenty of green pips to outweigh the red pips and then when you open the green trades in real basket, you have already missed out on a good number of pips.
  • #7,256
  • Jun 20, 2017 10:34am Jun 20, 2017 10:34am
Quoting Husky77
{quote} see what you started?
Right now I look like your profile picture
  • #7,257
  • Jun 20, 2017 10:39am Jun 20, 2017 10:39am
I've been testing virtual mode with this strategy, sometime it can go where you want it but most of the time it always goes like 40-50 pips than go the other way around or worse case scenario when the real trade trigger the trend is already in reverse so you stuck in having dd for the rest of the trade which is the same as trading without virtual basket, so yeah it would be interesting to see if we get an individual virtual basket to trigger trade
  • #7,258
  • Jun 20, 2017 10:41am Jun 20, 2017 10:41am
Quoting bgntrs
{quote} I tried this too but it's not as effective. This is because you must wait a while for plenty of green pips to outweigh the red pips and then when you open the green trades in real basket, you have already missed out on a good number of pips.
Then maybe it's better use individual approach. The idea is good. It's like fix the bad trades taken for system. I like it
Try don't lose pants never...
  • #7,259
  • Jun 20, 2017 10:41am Jun 20, 2017 10:41am
Quoting bgntrs
{quote} Right now I look like your profile picture
corect me if i am wrong here please
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.jpg Size: 181 KB
Take what you can, give nothing back
  • #7,260
  • Jun 20, 2017 10:43am Jun 20, 2017 10:43am
Quoting Husky77
{quote} is only trigger individual on real based on individual virtual profit and to be honest sound very good.if this can be made with a simple false/true inside EA then many can try it and not spend 24 hours on the screen to hit the button individual for each trade.i will go more crazy and talk about pips/profit aaand ATR virtual individual pair.
Then you enter the world of dynamic stop loss and take profit (or locking) which btw. none of the dashes provide because it is rather complicated.

So you start a basket with an arbitrary TP of 300 pips because ccfp (or indicator x) suggested 15 pairs so 20 pips a pair doesn't sound to crazy.
What if none of the other 14 pairs kicks in ? that single pair has to make 300 pips on his own....fat chance.
It will run into profit turn around does not hit stop loss because you put that on 200 pips and keeps lingering around.

8 kick in and 7 follow hours after that based on the extra conditions you set.
The 8 did not make TP so could be on their way back (waves !) while the 7 trades are trying to make it to TP (still 300 pips while figthing the other 8) , again fat chance.

On the other hand you just can say that the fist trade opened (TP 20) and now the second opened so TP 20 + 20, that is just not how it works.
The current profit/loss position of the first trade (i use only two to explain) has to be taken into account to establish a new goal.

Of course, all the above goes for SL and locking the same.
I can calculate the movement of stars, but not the madness of men. Isaac N.
2 traders viewing now