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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)

  • #12,741
  • Feb 28, 2018 11:20am Feb 28, 2018 11:20am
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  • #12,742
  • Feb 28, 2018 11:44am Feb 28, 2018 11:44am
Quoting Archie
{quote} Thanks for your effort in making the new indicator. A humble question - is it possible to add the "Use Current = false" option. I am testing both current and last bars, and since the other CCFp indicators are making the wrong calculations, it would be greatly appreciated to have both options in the settings (or in another version).
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  • #12,743
  • Feb 28, 2018 7:29pm Feb 28, 2018 7:29pm
Quoting grandaevus
{image}
Which signal does the EA use if both are on the screen with the EA?
  • #12,744
  • Edited Mar 1, 2018 8:41pm Feb 28, 2018 9:26pm | Edited Mar 1, 2018 8:41pm
Quoting c0mputernick
{quote} Which signal does the EA use if both are on the screen with the EA?
EA doesn't read signals. Indicator draws suggestion list based on strength levels and EA reads that suggestion list and sends buy/sell orders.

If you choose UseCurrent=false, CCFp-diff creates a suggestion list based on old data which may not reflect the current market price action.

If UseCurrent=true & UseCurrent=false are both on the screen, ea reads all trade suggestion lists that are created by those indicators

CMSM always use current data.
  • #12,745
  • Edited Mar 1, 2018 8:10am Feb 28, 2018 9:40pm | Edited Mar 1, 2018 8:10am
My current template... With corrections. See below.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 NewsCal-v107(1).ex4   30 KB | 418 downloads
File Type: tpl GRANDAEVUS WEEKLY DAILY382.tpl   49 KB | 429 downloads
Vincit qui se vincit.
  • #12,746
  • Edited Mar 1, 2018 2:36am Feb 28, 2018 11:55pm | Edited Mar 1, 2018 2:36am
Currency Strength Indicators first calculate Currency Strength Values.
Then indicators like CCFp-Diff , CMSM draw a suggestion list based on these calculated strengths using the formula given below

Quoting grandaevus
Trade Suggestions Formula is Match the Opposite Colors by selecting strength levels that are AbsoluteValue (X) >= AbsoluteValue(Trade Level) where X = Currency Momentum Strength
If formula that is used to calculate strength values is wrong, then neither Currency Strength Values nor Suggestion List will be correct.
  • #12,747
  • Edited 2:46am Mar 1, 2018 12:43am | Edited 2:46am
Quoting Pippopotamus
My current template... {image} {file} {file}
When I look at your screenshot, I see that you've changed MovingAverageMethod & MovingAverageAppliedPrice settings.

In original CCFp indicator, CCFp-Diff indicator and CMS indicator, default settings used to calculate Moving Averages are...

FastMovingAveragePeriod = 3;
SlowMovingAveragePeriod =5;
MovingAverageMethod = Linear Weighted;
MovingAverageAppliedPrice = Weighted Price;

Changing any of these settings will give different strength values & trade suggestions that may not be accurate.
  • #12,748
  • Mar 1, 2018 1:33am Mar 1, 2018 1:33am
Quoting grandaevus
Currency Momentum Strength Meter Indicator V11.01 for MT4 & MT5 A new momentum strength indicator with the updated ma formula as stated in https://www.mql5.com/en/code/9088 {image} Please also read posts https://www.forexfactory.com/showthr...35569&page=472 Post #9432 https://www.forexfactory.com/showthr...35569&page=473 Post #9442, 9444, 9445, 9448, 9450, 9451, 9453, 9455, 9456, 9457 https://www.forexfactory.com/showthr...35569&page=477...
thankyou for your indi, if i may have a request, can you add option to reverse trade suggestion?
"Hope" is dangerous word in trading, trade what you see not what you hope!
  • #12,749
  • Mar 1, 2018 5:52am Mar 1, 2018 5:52am
Quoting grandaevus
{quote} When I look at your screenshot, I see that you've changed MovingAverageMethod & MovingAverageAppliedPrice settings. In original CCFp indicator, CCFp-Diff indicator and CMS indicator, default settings used to calculate Moving Averages are... FastMovingAveragePeriod = 3; SlowMovingAveragePeriod =5; MovingAverageMethod = Linear Weighted; MovingAverageAppliedPrice = Weighted Price; Changing any of these settings will give different strength values & trade suggestions that may not be accurate.
Oh, I thought, as shown in original CCFp-Diff, that MA method 3 = SMMA, and Price 6 = Typical... Thanks, will be correcting these mistakes...
Vincit qui se vincit.
  • #12,750
  • Mar 1, 2018 9:58am Mar 1, 2018 9:58am
Quoting Pippopotamus
{quote} Oh, I thought, as shown in original CCFp-Diff, that MA method 3 = SMMA, and Price 6 = Typical... Thanks, will be correcting these mistakes...
Attached Image (click to enlarge)
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  • #12,751
  • Mar 1, 2018 10:14am Mar 1, 2018 10:14am
Quoting grandaevus
{quote} {image} {image} {image}
Thanks for the info. Pippo
Vincit qui se vincit.
  • #12,752
  • Mar 1, 2018 10:31am Mar 1, 2018 10:31am
Was this suppose to trigger the real basket after the VB hit 20 pips? I see it hit 177 pips but the VB is still running and didnt open a basket.

Do i have a setting wrong somewhere?
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  • #12,753
  • Edited 12:56pm Mar 1, 2018 12:44pm | Edited 12:56pm
Good day Grandaevus, Is it possible to add the date & time the trade suggestion was given/generated on your excellent CMS Meter indicator
  • #12,754
  • Edited 9:16pm Mar 1, 2018 8:50pm | Edited 9:16pm
Currency Momentum Strength Meter Indicator V12.02 for MT4 & MT5

A new currency strength indicator with the updated ma formula as stated in https://www.mql5.com/en/code/9088

Attached Image (click to enlarge)
Click to Enlarge Name: correct.PNG Size: 79 KB


Please also read posts
https://www.forexfactory.com/showthr...35569&page=472 Post #9432
https://www.forexfactory.com/showthr...35569&page=473 Post #9442, 9444, 9445, 9448, 9450, 9451, 9453, 9455, 9456, 9457
https://www.forexfactory.com/showthr...35569&page=477 Post #9534, 9536, 9538, 9540
https://www.forexfactory.com/showthr...35569&page=478 Post #9541, 9543, 9544, 9548, 9549, 9555
https://www.forexfactory.com/showthread.php?t=635569&page=480 Post #9584

 

  1. Correct MA Formula
  2. Supports All Types of Prefixes and Suffixes
  3. More Precise Strength Level Results (Double with Two Digits)
  4. No more "Zero Divide Error". Indicator loads needed history automatically before starting to make calculations.

Attached Image (click to enlarge)
Click to Enlarge Name: newindicator.PNG Size: 94 KB
Attached File(s)
File Type: ex4 ###CMSMIndV12.02.ex4   113 KB | 405 downloads
File Type: ex5 ###CMSMIndV12.02.ex5   125 KB | 323 downloads
  • #12,755
  • Edited Mar 2, 2018 2:07am Mar 1, 2018 8:50pm | Edited Mar 2, 2018 2:07am
Currency Momentum Strength Meter Indicator = CCFp-Diff (Use Current = true , UseBarInsteadofMA = false ) + Correct MA Formula

Indicator needs human intervention in just three settings.

Attached Image (click to enlarge)
Click to Enlarge Name: newindicator - Copy.PNG Size: 116 KB


Trade Level = Default is 2.0.

Trade Suggestions Formula is

Match the Opposite Colors by selecting strength levels that are
Absolute Value (X) >= Absolute Value (Trade Level) where X = Currency Momentum Strength

If you increase trade level, there will be less trading suggestions.

Main Time Frame = Daily ,Weekly Or Monthly (same as CFP_Diff Time Frame Setting) Default : Weekly

Symbol Prefix & Suffix = For those whose mt4/5 terminals have symbols that contain prefixes & suffixes. If none set it blank.

Please don't change the default settings related with Moving Average (Period, Ma Method, Applied Price) otherwise calculated strength values and suggestions based on those values might be inaccurate.

If you want to run more than one instance of the indicator on the same chart, just give a different IndicatorIdNo to each one and change their X, Y axes.
  • #12,756
  • Mar 1, 2018 8:57pm Mar 1, 2018 8:57pm
hi all, may I know is manual trading using this method profitable? Must we use ea for it?
  • #12,757
  • Edited 2:34am Mar 2, 2018 12:08am | Edited 2:34am
Quoting Cocklegend
hi all, may I know is manual trading using this method profitable? Must we use ea for it?
No, you don't have to. I'm a manual trader and I use the indicator to find the pairs that are in a strong bullish/bearish trend.

Indicator can search all majors and minors (28 pairs) less than a second and give trade suggestions which are very accurate.

I set trade level = 5.5 (Main Time Frame = Weekly) in order to filter weaker pairs. In that trade level, indicator usually gives 1-5 suggestions to trade sometimes none like this week. (it's very important to know when to trade or when not to trade)

I focus on those suggested pairs and get very good results.
  • #12,758
  • Mar 2, 2018 1:59am Mar 2, 2018 1:59am
Quoting grandaevus
{quote} No, you don't have to. I'm a manual trader and I use the indicator to find the pairs that are in a strong bullish/bearish trend. Indicator can search all majors and minors (28 pairs) less than a second and give trade suggestions which are very accurate. I set trade level = 5.5 in order to filter weaker pairs. In that trade level, indicator usually gives 1-5 suggestions to trade sometimes none like this week. (it's very important to know when to trade or when not to trade) I focus on those suggested pairs and get very good results.

Thank you Grandaevus for your contribution, could you please suggest a best settings for daily trading?
  • #12,759
  • Edited 2:41am Mar 2, 2018 2:17am | Edited 2:41am
Quoting ohm
{quote} Thank you Grandaevus for your contribution, could you please suggest a best settings for daily trading?
In order to filter weaker pairs...

Daily, Trade Level = 2.0,

Weekly, Trade Level = 5 - 6, I use 5.5

Monthly, Trade Level = 10 - 15
  • #12,760
  • Mar 2, 2018 3:11am Mar 2, 2018 3:11am
Thanks Grandaevus !
Is it possible to sort the strength levels ?
Have a nice w-e
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