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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)

New York Session
TradeMonitor v80
100 Pip Daily Target Not Met (35.2)
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Monthly summary:

All of the +30% yield during September using my custom daily strategy has been wiped off finally today with series of stoplosses. No blame to mrdfx daily strategy as I have been using mix of manual entries, different indicator logic and and somewhat different basket composition.

Been learning a lot along the way about the market entry as well as about how and when to use CMSM 17xx indicator. So lets keep going with the daily baskets
London & New York Sessions
TradeMonitor v80
100 Pip Daily Target Met (150.3)
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Hi Eagle,

Would you care to explain how your posted results correlate with the performance of the CMSM 22.01 indicator?

As I see it, the EA has netted gross profit of 28 pips from the EA trading session (16.1+11.9), while your total daily profit equals to 123+27.3=150.3 pips. Based on the posted results, it must be the result of your manual trading during the day and not the outcome one can expect from the indicator based trading?

Cheers,
I


Quoting eagle85
London & New York Sessions TradeMonitor v80 100 Pip Daily Target Met (150.3) {image} {image}
How are others doing with the Mrdfx daily strategy?

In October the strategy has had 7 trading sessions. 6 stoplosses, one TP. Net gain of -27%. Not looking good at all.

Fortunately I am running it on a demo account.

What I have observed is that using 17.02 indicator and EMA PRICE CLOSE is very sensitive to short price moves, making the trade suggestions as very volatile. In many cases after RB has been opened, the indicator has dropped the initial suggestions what landed on RB.

While the setup has been tested 10 months I would suggest following adjustments for more conservative approach:

- MA method: EMA, PRICE WEIGHTED
- Reduction of max trades in basket to 6 - this will make basket more resilient for fluctuations, while not really impacting profit taking
- Using VB Pip Threshold so the pairs are not so easily added into RB.

Any other thoughts?
Quoting Ilvez
How are others doing with the Mrdfx daily strategy? In October the strategy has had 7 trading sessions. 6 stoplosses, one TP. Net gain of -27%. Not looking good at all. Fortunately I am running it on a demo account. What I have observed is that using 17.02 indicator and EMA PRICE CLOSE is very sensitive to short price moves, making the trade suggestions as very volatile. In many cases after RB has been opened, the indicator has dropped the initial suggestions what landed on RB. While the setup has been tested 10 months I would suggest following...
October is somewhat difficult here too...
Thanks for your input, I also have excluded friday from trading in the default, and currently GBP pairs...
Quoting Ilvez
How are others doing with the Mrdfx daily strategy? In October the strategy has had 7 trading sessions. 6 stoplosses, one TP. Net gain of -27%. Not looking good at all. Fortunately I am running it on a demo account. What I have observed is that using 17.02 indicator and EMA PRICE CLOSE is very sensitive to short price moves, making the trade suggestions as very volatile. In many cases after RB has been opened, the indicator has dropped the initial suggestions what landed on RB. While the setup has been tested 10 months I would suggest following...
Your numbers are not completely accurate so I'm guessing you using a modified version of my preset. My October results on a live account is below, and as you can see is not even close to your -27%.

Yes this month has not been the best, so far its only the 2nd losing month this year which IMO is still great and like I said before you gotta take the losses along with the wins, and the month is not over yet.

You are suggesting changing my preset settings, which is fine you are free to do so, but don't suggest as if your suggestions are what people must do. My preset has nearly one year of solid forward testing, and having one month of loss does not mean it does not work. Before suggesting changes to something at least have back able forward test data.

You are new to the CCFp strategy party so I suggest you go read back to 2017/18/19 to see how far we've come and whats already been tried and tested before, to save yourself from trying things already done long ago.
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Truth is like poetry. And most people f*cking hate poetry.
I have read the thread and did not find anything that goes agaist my logic.

I am using exact daily preset you have provided no modifications and the numbers don't lie. As you have seen, there is a lot of variation between users how and when baskets are triggered while using exactly same preset due to brokers, spreads etc.

Yes I am relatively new to the topic and it is up to every individual to make their own conclusions how they choose to trade.

BTW - when you were testing out different configurations during 10 month run, did you also run the daily basket with Price Weighted MA setting and what were the results?

Quoting mrdfx
{quote} Your numbers are not completely accurate so I'm guessing you using a modified version of my preset. My October results on a live account is below, and as you can see is not even close to your -27%. Yes this month has not been the best, so far its only the 2nd losing month this year which IMO is still great and like I said before you gotta take the losses along with the wins, and the month is not over yet. You are suggesting changing my preset settings, which is fine you are free to do so, but don't suggest as if your suggestions are what...
Quoting mrdfx
{quote} My October results on a live account is below, and as you can see is not even close to your -27%. Yes this month has not been the best, so far its only the 2nd losing month this year which IMO is still great and like I said before you gotta take the losses along with the wins, and the month is not over yet.

I have been trading your system since September 1, using the daily settings exactly as you posted in Post #19,204. I have been trading on a live account and I like what I see so far.

September: +10.2%

October: -4.5% (thru Oct 16)

I was waiting to get more history before posting my results. At the end of the month I will post my statistics.
Quoting Ilvez
I have read the thread and did not find anything that goes agaist my logic. I am using exact daily preset you have provided no modifications and the numbers don't lie. As you have seen, there is a lot of variation between users how and when baskets are triggered while using exactly same preset due to brokers, spreads etc. Yes I am relatively new to the topic and it is up to every individual to make their own conclusions how they choose to trade. BTW - when you were testing out different configurations during 10 month run, did you also run the daily...
I tested many variations of the indicator with different methods and price settings running long term comparisons and EMA with price close had the most long term consistency and success.

Of course you are free to experiment with different settings and do what I've already done, but I will stick to my preset (shared here) and I have no intention of changing it.
Truth is like poetry. And most people f*cking hate poetry.
Thank You! I think you have done fantastic job and by I am not suggesting you to change the system.

However, one must keep an open mind especially given the fact that market conditions change from time to time. Also, author of the indicator suggests that Weighted Price is the preferred option, which makes sense from statistical perspective as well. What I am concerned is that there is quite a lot user-to-user variation with the trading frequency and trading results.

Basically only time will tell.


Quoting mrdfx
{quote} I tested many variations of the indicator with different methods and price settings running long term comparisons and EMA with price close had the most long term consistency and success. Of course you are free to experiment with different settings and do what I've already done, but I will stick to my preset (shared here) and I have no intention of changing it.
FYI.

Here is one user running default daily settings (post #19204) on demo. In line what I have been witnessing since starting the demo on 1st of October.

https://www.myfxbook.com/members/kap...-daily/7127545

I think the obvious conclusions what needs to be adapted taking into account marekt conditions can be made when checking the summary page.
Personally I really thanks mrdfx for the effort he has done in the past months testing it with many conditions. I expected to profit it every day but it profited few days and then it made the losses. I was terrified about my account because I collected the money in very hardway. But eventually I realized EA will loss one or two months because of deadly market but it have safe haven future. We have started the ea on a bad situation. Wrong place in a wrong time in other way . Let the time to cure the pain let's be more patient. And precaution, I have reduced the lot size to minimum till market become okay. So Ilvez let's try mrdfx method for at least 6 months to get a average idea.
Swimming with sharks!
Don't get me wrong - the daily basket has demonstrated excellent results on one user account for 10 months in a row without manual intervention. This is a big achievement on its own.

However, if someone makes an assumption that all 28 currency pairs can be traded safely by unattended EA at all market conditions, then this is a gross mistake.

As I said, I prefer to adapt to market conditions. As I see it, user intervention, combined with the reliable and proven EA logic can bring in good results in long term.

This is the way I like to approach things and one needs to make their own conclusions based on their risk preferences.

Good luck!

Quoting chandana47
Personally I really thanks mrdfx for the effort he has done in the past months testing it with many conditions. I expected to profit it every day but it profited few days and then it made the losses. I was terrified about my account because I collected the money in very hardway. But eventually I realized EA will loss one or two months because of deadly market but it have safe haven future. We have started the ea on a bad situation. Wrong place in a wrong time in other way . Let the time to cure the pain let's be more patient. And...
Quoting Ilvez
Don't get me wrong - the daily basket has demonstrated excellent results on one user account for 10 months in a row without manual intervention. This is a big achievement on its own. However, if someone makes an assumption that all 28 currency pairs can be traded safely by unattended EA at all market conditions, then this is a gross mistake. As I said, I prefer to adapt to market conditions. As I see it, user intervention, combined with the reliable and proven EA logic can bring in good results in long term. This is the way I like to approach things...
And one more thing that we expecting a bullet proof set files from your experiments too.
Swimming with sharks!
Sorry to disappoint but there is no firm evidence at the moment that any EA can be made to trade successfully with reasonable R:R and short exposure to market over long term period (36+ months) without manual intervention or adaptations to changing market conditions. Many of the fantastic demos you see running on myfxbook pages usually rely on 100% account SL levels, very high risk and heavy Martingale, which can work surprisingly well for many years before blowing all up one day.

That's why the Daily Basket concept is very interesting to pursue further as it has all the good basic ingredients:

- Very good R:R ratio of 2:1 for EA
- Short exposure to the market
- No Martingale
- Excellent set of flexible indicators + EA + fantastic support from the team who put it all together, Grandaevus, Jess and Mrdfx for hard work for testing all the pieces of the puzzle.

Bad thing is that it can't be properly backtested and forward testing has proven quite a lot of variance in the results only during 2 months between different users.

If there would have been such "bulletproof" EA-s or indicators invented, which print money with low risk, then none of us would not be having this conversations

Cheers,
I

Quoting chandana47
{quote} And one more thing that we expecting a bullet proof set files from your experiments too.
R:R stand for "Risk Reward" The first number is RISK, the second number is REWARD. Everyone puts 2:1 when they mean 1:2. My own personal pet peeve. Petty, I know...lol.
CMSM V22.02 for Mt4 & Mt5

Uses pure price action to calculate strength levels.

Changelog:
Maintenance release

Recommended Settings:
Please wait at least 1/3 of your selected Time Frame before starting to trade.

if TimeFrame = PERIOD_D1, wait at least 24/3 = 8 hours;
if TimeFrame = PERIOD_W1, wait at least 5/3 days = Wait till Tuesday, 16:00

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Attached File(s)
File Type: ex4 ###CMSMIndV22.02.ex4   58 KB | 458 downloads
Attached File(s)
File Type: ex5 ###CMSMIndV22.02.ex5   108 KB | 231 downloads
CMSM V23.06 for Mt4 & Mt5

Successor of ma based CMSM ver 17.xx.

Changelog:
Maintenance relaease.

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Attached File(s)
File Type: ex4 ###CMSMIndV23.06.ex4   65 KB | 825 downloads
Attached File(s)
File Type: ex5 ###CMSMIndV23.06.ex5   118 KB | 375 downloads
Hi GrandaEvus,
I tried to use the latest release V23.06 and V22.02 BUT neither was working. I assume that I had to place them into the indicators folder and the Experts folder , is that correct?
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