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CCFp Cluster indicator system - MT4/MT5 resources

author EAcpu | 2 reads | 0 comments |
Warning: This approach is refreshingly untested and silly, simple, and time-spanning.

Well, this is the first time I'm showing you this system as opposed to the Expert Advisor system I've been writing for the last few years.

This method is very stupid and simple.
I can't guarantee this will work.
This is the way to start.
However, I hope other traders will join me in giving it a try.

concept:
This method will take advantage of the strength and weakness of all currency pairs and crosses and then spread their positions across these all orders. The idea is to profit from a currency that is stronger than others by trading in that direction with a large stop loss level during the week's move. And expect that profits will overcome losses caused by taking the wrong direction on certain currency pairs.

index:
Cluster indicator, CCFp.mq4. See Figure 1

schedule:
D1, only one chart is required.

Trading hours:
London opens to New York closes Monday to Friday

method:

  1. You only do it once a day or once a few days or once a week if you want.
  2. Prefer playing at the London Open and arriving an hour or two hours late is fine (can be any time during the tournament, we have long waits here)
  3. Load CCFp indicator on chart
  4. Draw the +0.0100 line (yes, heads only)
  5. Note down the CCFp number for each currency
  6. Try pairing currencies above the +0.01 line with currencies below the +0.01 line (see Figure 2)
  7. Find currency pairs whose CCFp values ​​differ by more than 0.01 (100 pips)

    1. Example 1 AUD 0.0148 (>0.01), JPY -0.0198, so AUD-JPY= 0.0346 (>0.01) then buy AUDJPY
    2. example2 AUD 0.0148 (>0.01), EUR -0.0046, so AUD-EUR= 0.0192 (>0.01) then sell EURAUD (AUD must be on the buy side, so reverse it)


  8. Buy or sell based on your matches.
  9. Set stop loss and target as follows

    1. Find the ATR of 20 days, D1 TF
    2. Stop loss level = 1.2 x ATR
    3. Take Profit = 1.8 x ATR


  10. Will probably check back 3-6 times during the London and New York sessions to see how things develop
  11. Move your stop loss when you feel you are saving to prevent profits. I do stop wheel barrels every 30 pips and I move the stop up 5 pips.
  12. Cut your losses at what you think you should do to prevent further losses. (I let it reach stopping level)

To make it easy to find charts and check the currency pairs you want to trade. I wrote some code (expert advisor) to automate this process. Yes, starting with items 1-13. It automatically checks the CCFp indicator for you every hour.

Expert Advisor only works with normal currency pair symbols without prefixes or suffixes.

ea name is "abc1"

Install:

  1. Copy abc1.mq4 and abc1.ex4 to "C:\Program Files\YOURMT4\MQL4\Experts"
  2. Copy LastOrder.mqh, SmallFunc.mqh and Structure.mqh to "C:\Program Files\YOURMT4\MQL4\Include"

use:
Drag and drop the ea into the D1 timeframe of any chart.
(I hardcoded it to only get values ​​from D1 time range, if you want to try H4 you will have to edit the code)

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