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CCFp weekly signals (set and forget basket trading)

  • #12,941
  • Edited 10:15pm Mar 13, 2018 10:00pm | Edited 10:15pm
Currency Momentum Strength Meter Indicator V14.01 for MT4 & MT5

A new currency strength indicator with the updated ma formula as stated in https://www.mql5.com/en/code/9088 & https://www.mql5.com/en/forum/26796

Attached Image (click to enlarge)
Click to Enlarge Name: newformula.PNG Size: 87 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

https://www.forexfactory.com/showthr...1#post10860321
https://www.forexfactory.com/showthr...1#post10860931

 

  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.
  5. Sorted suggestion list from strongest to weakest pair.

Attached Image (click to enlarge)
Click to Enlarge Name: new.PNG Size: 43 KB
Attached File(s)
File Type: ex4 ###CMSMIndV14.01.ex4   67 KB | 1,720 downloads
File Type: ex5 ###CMSMIndV14.01.ex5   105 KB | 829 downloads
  • #12,942
  • Edited 10:12pm Mar 13, 2018 10:00pm | Edited 10:12pm
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: manual.PNG Size: 73 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.

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.
  • #12,943
  • Mar 13, 2018 11:33pm Mar 13, 2018 11:33pm
Quoting xmess7
{quote} Awesome I'll look at that and fix . Its a simple fix.. Just need the EA to retest market when the week starts. Jess
today when ICMarked stop trading (23:59-00:01) the EA also not come back and showed ''Market is closed''.
  • #12,944
  • Mar 14, 2018 12:55am Mar 14, 2018 12:55am
EURCAD seems to be the top pick today, can it deliver after yesterday's move?

Maybe, ECB President Draghi Speaks , so watch out

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-03-14_15-54-03.png Size: 71 KB
It takes a lot for me to IGNORE you, but you can try.
  • #12,945
  • Edited 3:08am Mar 14, 2018 1:28am | Edited 3:08am
Quoting Erebus
EURCAD seems to be the top pick today, can it deliver after yesterday's move? Maybe, ECB President Draghi Speaks , so watch out {image}
Yes, but in LWMA smoothing. @ EMA, picture would be different.

LWMA gives better results in small datasets, EMA gives better results in large time series that have hundreds of data. (like forex charts)

In my opinion, EMA should be the default smoothing method to calculate Currency Strength Values.

Please give EMA smoothing a chance and try the new indicator with default MA settings
  • #12,946
  • Mar 14, 2018 1:44am Mar 14, 2018 1:44am
Quoting grandaevus
{quote} Yes, but in LWMA smoothing. @ EMA picture would be different. LWMA gives better results in small datasets, EMA gives better results in large time series that have hundreds of data. (like forex charts) In my opinion, EMA should be the default smoothing method to calculate Currency Strength Values. Please give EMA smoothing a chance and try the new indicator with default MA settings
Oops, my mistake, I was using the set files 1, 2, 3 to maintain the Axis position and forgot the other settings

I see the difference now, I'll be watching the price action of both now, thanks for your hard work and generosity

Much appreciated

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-03-14_16-40-32.png Size: 57 KB
It takes a lot for me to IGNORE you, but you can try.
  • #12,947
  • Edited 5:08am Mar 14, 2018 1:45am | Edited 5:08am
Two (time series) datasets

{1, 2 , 3, 4, 5, 6, 7, 8, 9, 10}

{1, 2 , 3, 4, 5, 6, 7, 8, 9, 10, 1, 2 , 3, 4, 5, 6, 7, 8, 9, 10}

For LWMA @ period = 10; there's no difference between two datasets. If you want to calculate the ma of last 10 data; LWMA gives the same exact result for both time series since LWMA takes last 10 data into calculation. Remaining data is irrelevant.

But in EMA, whole dataset is taken into calculation.

EMA is the successor of LWMA and commonly used in maths and statistics when working on large time series.
  • #12,948
  • Mar 14, 2018 1:57am Mar 14, 2018 1:57am
I made a lot on the recent decline of CADCHF purely on the price action; if it can drop more, that's fine with me

It has already made an average weeks move but that doesn't mean it can't go on - see the RWH to RWL lines

RDL - Range Day Low is my target



Attached Image (click to enlarge)
Click to Enlarge Name: 2018-03-14_16-53-03.png Size: 54 KB
It takes a lot for me to IGNORE you, but you can try.
  • #12,949
  • Mar 14, 2018 2:01am Mar 14, 2018 2:01am
A little advice for Currency Strength traders,

Try to run your favourite indicator on a gmt +2/3 broker (daily close = New York session close) to avoid Sunday daily candle and a different daily & monthly close price.

My broker is LMAX (gmt +0) but CMSM 14.01 is running on IC Markets (gmt +2/3).
  • #12,950
  • Mar 14, 2018 3:27am Mar 14, 2018 3:27am
Hi guys, I've noticed the latest versions of the EA (v40 and v40.1) are not taking any trades (also not opening VB's).

When I turn on PrintDebugInfo I notice the following lines in my Expert Log:

2018.03.14 09:23:17.935 xm7_Ccfp_Wkly_TradeMonitor_vCURRENT EURUSD,M1: GetPairs(): EA dectected following Pairs:
2018.03.14 09:23:17.935 xm7_Ccfp_Wkly_TradeMonitor_vCURRENT EURUSD,M1: GetBrokerPrefixSuffixes(): suffix list: NULL
2018.03.14 09:23:17.935 xm7_Ccfp_Wkly_TradeMonitor_vCURRENT EURUSD,M1: GetBrokerPrefixSuffixes(): preffx found: NULL

So assuming the EA would list the pairs it detected in the first line, it seems that the EA is not detecting any pairs. Has anyone else experienced this or does anyone know what could cause this?

My broker is Darwinex BTW.

I was testing previous versions of the EA a while back with really good results (weekly settings) and wanted to get back to more testing now that I have time for it again.

(EDIT: the older versions I used before also don't take any trades any more while they used to work fine on the same broker.)
  • #12,951
  • Edited 12:27pm Mar 14, 2018 3:58am | Edited 12:27pm
Humanity lost a rare genious today. His delicate body is gone, but his name will always be remembered and echoed in space-time.

R.I.P. Professor Stephen Hawking.

Inserted Video
  • #12,952
  • Mar 14, 2018 7:24am Mar 14, 2018 7:24am
Hi Jess the latest version v40.1 has not been opening this week. On Monday and Tuesday I thought perhaps it was cos maybe there were no suggested pairs on the list, but today there are pairs, and it is not opening. I have been trying different times to make sure, with VB, without VB etc, and all the same. Below is the exert log to show what happened.

Something I did pick up was in the print debug info, it says MT4 broker time it GMT +2, but it is actually GMT +3 since Sunday when the server time changed.
Attached Image (click to enlarge)
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Truth is like poetry. And most people f*cking hate poetry.
  • #12,953
  • Mar 14, 2018 9:26am Mar 14, 2018 9:26am
Quoting mrdfx
Hi Jess the latest version v40.1 has not been opening this week. On Monday and Tuesday I thought perhaps it was cos maybe there were no suggested pairs on the list, but today there are pairs, and it is not opening. I have been trying different times to make sure, with VB, without VB etc, and all the same. Below is the exert log to show what happened. Something I did pick up was in the print debug info, it says MT4 broker time it GMT +2, but it is actually GMT +3 since Sunday when the server time changed. {image}
mabey this? after refresh of the template it works.
Attached Image
  • #12,954
  • Mar 14, 2018 9:45am Mar 14, 2018 9:45am
Quoting astra68
{quote} mabey this? after refresh of the template it works. {image}
I don't have that on my EA.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-03-14 at 11.45.19.png Size: 29 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #12,955
  • Mar 14, 2018 10:01am Mar 14, 2018 10:01am
Hello,

Greetings to all friends, I would like to many thanks to author of this thread and the programmers who provide such beautiful EA & Indi.

I have just downloaded CCFP-diff & XM7 rar and would like to apply on my demo account. My trader is OctaFX.
Can anyone suggest me which EA and Indicator should I use? CMSM or CCFP-Diff TradeMonitor?
Is there difference between using CMSMIndV14.01 or xm7_Ccfp_Wkly_TradeMonitor_v40.1?
I would like to open basket for daily basis so what are perfect settings?

Thanks.
  • #12,956
  • Mar 14, 2018 11:01am Mar 14, 2018 11:01am
Quoting dhyanesh
Hello, Greetings to all friends, I would like to many thanks to author of this thread and the programmers who provide such beautiful EA & Indi. I have just downloaded CCFP-diff & XM7 rar and would like to apply on my demo account. My trader is OctaFX. Can anyone suggest me which EA and Indicator should I use? CMSM or CCFP-Diff TradeMonitor? Is there difference between using CMSMIndV14.01 or xm7_Ccfp_Wkly_TradeMonitor_v40.1? I would like to open basket for daily basis so what are perfect settings? Thanks.

CCFp-Diff and CMSM are Currency Strength Indicators. They calculate the trend strength of each currency and give trade suggestions based on those calculated values.

xm7_Ccfp_Wkly_TradeMonitor_v40.1 is an expert advisor. It reads the suggestion list given by a Currency Strength Indicator and sends buy/sell orders in accordance with that suggestion list.
  • #12,957
  • Mar 14, 2018 3:12pm Mar 14, 2018 3:12pm
Quoting astra68
{quote} today when ICMarked stop trading (23:59-00:01) the EA also not come back and showed ''Market is closed''.
Yep i added the fix... jist havent had the time to upload it
Soon
J
Our AWESOME IMAGINATION is the true holy grail!
  • #12,958
  • Mar 14, 2018 3:21pm Mar 14, 2018 3:21pm
Guys
You may have to set yer open time 1 hour behind... this is do to the day light savings change. See if that is what affects the openning of the baskets.


If you see no symbols listed in the logs when u set PrintDebugInfo to true, and u see trades listed on the chart please swns me yer details. A template would be the thing to send. Yea just save the template and send or post the template. The only reason for no pairs listed in log sgoild be that the indicator ia not showing any suggested trades.

Thnx
J
Our AWESOME IMAGINATION is the true holy grail!
  • #12,959
  • Mar 14, 2018 4:09pm Mar 14, 2018 4:09pm
I found this system very useful.But for me most important thing in forex trading is timing.It is very important to know when you enter the market and when you should leave the market.Its not like you should always enter market monday London time.Still it comes to human intelligence.This week it is possible some guy made a profit of 200 pips using this system but some other guy on some other place using this system hit a stoploss of 200 pips.Its all about timing.Its not like you will always close your basket on friday.sometimes you enter late and leave earlier.
  • #12,960
  • Mar 15, 2018 12:52am Mar 15, 2018 12:52am
Quoting maaRIF2015
I found this system very useful.But for me most important thing in forex trading is timing.It is very important to know when you enter the market and when you should leave the market.Its not like you should always enter market monday London time.Still it comes to human intelligence.This week it is possible some guy made a profit of 200 pips using this system but some other guy on some other place using this system hit a stoploss of 200 pips.Its all about timing.Its not like you will always close your basket on friday.sometimes you enter late and...
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 = 6.0 for weekly and = 2.5 for daily in order to filter weaker pairs. In that trade level, indicator usually gives 1-5 suggestions to trade sometimes none. (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.
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