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

Those that are using my daily preset will see its been having a tough time lately, but still in a profit overall. It will have its losing days guys, its impossible not to. This is forex and you need to take the profits and the losses.

I'm not worried about the losing days as I trust my preset, I spent many months on it so I know that the losses are only temporary and it will recover its losses. Since I started trading it on my live account it is up over +17% which is not bad at all for a few months live trading.

I also encourage you guys to work on your own presets and test out different settings and see what you come up with. Maybe after some months of forward testing one of you will find an even better preset than mine!
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Truth is like poetry. And most people f*cking hate poetry.
See profit, take profit or lose profit

EA v88, default daily basket settings.

3 losses from last 3 trading days: two hard 5% SLs and today basket was closed at -2.5% with 15:55GMT timer. Before NY open basket hit -2% and +2%, which I would have collected manually if it would have been live account. Usual suspect of GBP being the troublemaker.

My thoughts:

- At the moment I would suggest anyone running it on live account to trim out some of the GBP pairs until there is some clarity around Brexit deal. GBPUSD is behaving in recent days really nasty - it can start and end the day in same spot but meanwhile spikes up to 100+pips in both directions can happen. All nice if you are on right side of it but more than often you are not.

- Also, if any reasonable profit is shown before NY open, grab it and run.

- If you are in -2% or more DD by NY open, there is little to lose on top of 2%, so let it run.

Lets see how things pan out in longer term.


Quoting Ilvez
My daily demo is running with 8 pairs since 9:40GMT. Been between -2% and +2%. If it would have been live, I would have collected 2% before NY session. Being demo I let it run and see where it ends up. {quote}
New York Session
TradeMonitor v80
Indicator: CMSM v22.01
Trade Level=3
100 Pip Daily Target Not Met (41.3)
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Quoting Ilvez
Many thanks and yes, I am using Weighted Price as it seems way more prudent than Close Price. 1) I would really like to understand more the methodology behind the MA based indicator, could you shortly mention what the Period Multiplier variable actually does? https://www.forexfactory.com/thread/...7#post12679497 2) Also, do you think it is prudent to use for daily trading settings additional filter of Daily candle? E.g. when the indicator is signal is conflicting with the price movements since the beginning of the day, the signal...
1) imagine there's only 4h time frame in mt 4/5 and someone asks you to calculate 3 period daily ema.

You can't switch to daily chart and put a 3 period ema indicator so there's only one option left which is using 3 × 6 = 18 period ema on h4 time frame.(4h x 6 = 24h = 1day)

In CMSM we use multiplier to find the direction of trend in higher time frames.

2) you don't need to use any other additional filters while using CMSM since CMSM calculates and shows the exact situation of the currency strengths at that moment.

It's always good to be prudent by giving market some time to make its decision.

Waiting 12 hours to start trading is more than enough for PERIOD_DAILY. If CMSM gives a buy signal but price is below the open price, please trust your indicator and consider it as a correction.

Switch to next higher time frame which is weekly. Check whether the price is near a strong support line or not.

If all these conditions are met, do not hesitate to pull the trigger.

This is how I use CMSM in my manual trading.

As I've said before, buy the lows, sell the highs.
Thank you very much for taking the time to explain.

1) Just to be sure, so PeriodMultiplier defines how many periods are considered for 3/5 period EMA calculation?

D1 Time Frame:
PeriodMultiplier = "1, 2, 3, 4, 5, 10, 15, 20";

2) Very good, I will stop using additional filters as it seems unnecessary and opportunities reducing hurdle. Recently the GBP volatilitity has caused some side effects - basically price at the end of the day can follow CMSM suggestion but the +/-100pips spikes around the EMA levels cause baskets to break SL levels far too often. Well, one just needs to adapt.

3) Would you say that Trade Level threshold acts as a "validation" to open the trade as well? Effectively this level lets pair to build-up strength to certain threshold, after which it is good probability to open a trade (after additional short term validation of price direction).

All the best,
I


Quoting grandaevus
{quote} 1) imagine there's only 4h time frame in mt 4/5 and someone asks you to calculate 3 period daily ema. You can't switch to daily chart and put a 3 period ema indicator so there's only one option left which is using 3 × 6 = 18 period ema on h4 time frame.(4h x 6 = 24h = 1day) In CMSM we use multiplier to find the direction of trend in higher time frames. 2) you don't need to use any other additional filters while using CMSM since CMSM calculates and shows the exact situation of the currency strengths at that moment. It's always good to be...
Quoting Ilvez
Thank you very much for taking the time to explain. 1) Just to be sure, so PeriodMultiplier defines how many periods are considered for 3/5 period EMA calculation? D1 Time Frame: PeriodMultiplier = "1, 2, 3, 4, 5, 10, 15, 20"; 2) Very good, I will stop using additional filters as it seems unnecessary and opportunities reducing hurdle. Recently the GBP volatilitity has caused some side effects - basically price at the end of the day can follow CMSM suggestion but the +/-100pips spikes around the EMA levels cause baskets to break SL levels far too...
1) 3/5 x 1 = 3/5 @ 1day
3/5 x 2 = 3/5 @ 2 days
3/5 x 5 = 3/5 @ 5 days = 1 week
And so on....
2) CMSM gives buy signal for GBPUSD and GBPJPY @ PERIOD_WEEKLY and yesterday market gave many opportunities for these 2 pairs. A good profit could be done by just buying lows and taking profits at higher levels.
3) trade level is used to filter weaker suggestions. There's no need to take every trade suggestion in the list. Focusing on first 4/5 suggestions would be enough.
All clear, thanks again for patience.

Yes, top suggestions is what I have been aiming at.

Quoting grandaevus
{quote} 1) 3/5 x 1 = 3/5 @ 1day 3/5 x 2 = 3/5 @ 2 days 3/5 x 5 = 3/5 @ 5 days = 1 week And so on.... 2) CMSM gives buy signal for GBPUSD and GBPJPY @ PERIOD_WEEKLY and yesterday market gave many opportunities for these 2 pairs. A good profit could be done by just buying lows and taking profits at higher levels. 3) trade level is used to filter weaker suggestions. There's no need to take every trade suggestion in the list. Focusing on first 4/5 suggestions would be enough.
Grandaevus,
My setup has not had any trade suggestions for 2 weeks, so I take it that I have done something wrong.
My settings are as per the attached screenshot.
Would you please be kind enough and get me on the right track, please?
Continued success to you all.
Hercs.
I omitted to say that I am using Jess' latest version of the EA as he mentioned that he had corrected a few problem areas.
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Herc,

Your CMSM 17.02 trade level is set to 3.0, which is rarely exceeded on daily basis? You are using custom settings for MA and Period Multiplier as well I see.

EA v93 has issues with Virtual Basket, I would use the v88.

Good luck!

Quoting Hercs
Grandaevus, My setup has not had any trade suggestions for 2 weeks, so I take it that I have done something wrong. My settings are as per the attached screenshot. Would you please be kind enough and get me on the right track, please? Continued success to you all. Hercs. I omitted to say that I am using Jess' latest version of the EA as he mentioned that he had corrected a few problem areas. {image}
It is very hard to deal with GBP just seen the VB in Icmarket GBP has increasing more than 100 pips in negative I'm totally agreed with Ilvez we should omit GBP pairs for some period until market get normal.
Swimming with sharks!
Quoting Hercs
Grandaevus, My setup has not had any trade suggestions for 2 weeks, so I take it that I have done something wrong. My settings are as per the attached screenshot. Would you please be kind enough and get me on the right track, please? Continued success to you all. Hercs. I omitted to say that I am using Jess' latest version of the EA as he mentioned that he had corrected a few problem areas. {image}
There's something wrong. Strength levels should be calculated regardless of trade level.

Is it mt4 or mt5 version? Are there any logs on expert tab?
Quoting Hercs
Grandaevus, My setup has not had any trade suggestions for 2 weeks, so I take it that I have done something wrong. My settings are as per the attached screenshot. Would you please be kind enough and get me on the right track, please? Continued success to you all. Hercs. I omitted to say that I am using Jess' latest version of the EA as he mentioned that he had corrected a few problem areas. {image}
I see a few things that could be contributing to not showing any trade suggestions.

Firstly make sure you have sufficient history in your MT4. Download the force history script and run it to download all the history. Make sure you have all 28 pairs visible in your market watch otherwise the indicator will not be able to see all the pairs ans give correct trade suggestions.

Next you are using the D1 time frame, but you using the wrong period multipliers for D1, and you using a higher period which could well be filtering our any trade suggestions.

You also using different MA which could give different results. I'd reset everything and then start modifying things one by one so you can learn what each is doing what.
Truth is like poetry. And most people f*cking hate poetry.
Quoting Hercs
Grandaevus, My setup has not had any trade suggestions for 2 weeks, so I take it that I have done something wrong. My settings are as per the attached screenshot. Would you please be kind enough and get me on the right track, please? Continued success to you all. Hercs. I omitted to say that I am using Jess' latest version of the EA as he mentioned that he had corrected a few problem areas. {image}
There's zero in your multiplier settings. Multiplier should be minimum 1.
Deleting zero would solve the problem.
Quoting mrdfx
{quote} I see a few things that could be contributing to not showing any trade suggestions. Firstly make sure you have sufficient history in your MT4. Download the force history script and run it to download all the history. Make sure you have all 28 pairs visible in your market watch otherwise the indicator will not be able to see all the pairs ans give correct trade suggestions. Next you are using the D1 time frame, but you using the wrong period multipliers for D1, and you using a higher period which could well be filtering our any trade suggestions....
Much appreciated mrdfx, you're "a gentleman and a scholar"
Thank you for being willing to let me crack this one too.
Continued success to you,
Hercs.
Quoting grandaevus
{quote} There's zero in your multiplier settings. Multiplier should be minimum 1. Deleting zero would solve the problem.
Thank you grandaevus for this quick response. I will do so immediately.
Much appreciate your assistance.
Hercs.
Quoting grandaevus
{quote} There's zero in your multiplier settings. Multiplier should be minimum 1. Deleting zero would solve the problem.
Grandaevus,
Forgive me, but mine shows 1,2,3,4,8,12.
No zeroes?
My candle index was = 0, should I change that to = 1?
Kindly correct me at your leisure.
Hercs.
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Quoting Hercs
{quote} Grandaevus, Forgive me, but mine shows 1,2,3,4,8,12. No zeroes? My candle index was = 0, should I change that to = 1? Kindly correct me at your leisure. Hercs.
Multiplier has a zero value in the screenhot .

Could you please open a new chart and run only one instance of CMSM with default values?

Please check the expert tab for error logs.
Quoting grandaevus
{quote} Multiplier has a zero value in the screenhot . Could you please open a new chart and run only one instance of CMSM with default values? Please check the expert tab for error logs.
In this instance, there is only one indicator loaded, but I will open a new chart with default values.
Thank you for your kindness accorded me.
Hercs.
Grandaevus,
Here is the new setup as requested.
I trust that it meets with your approval and also Mrdfx if you wish to comment please.
Best personal regards to you both.
Hercs.
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New York Session
TradeMonitor v80
Indicator: CMSM v22.01
Trade Level=3
100 Pip Daily Target Not Met (25.9)
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