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CCFp weekly signals (set and forget basket trading)

  • #12,961
  • Mar 15, 2018 1:03am Mar 15, 2018 1:03am
Hi everyone and special hello to the creators of the amazing EA and indicator. Can someone please tell me if there is a user guide on how to put the settings so that it can be used very effectively?

Thank you lots for your generosity
  • #12,962
  • Edited 9:05pm Mar 15, 2018 2:47am | Edited 9:05pm
UPDATE v40.2

(Edit) Folks Make that v40.3.. I found an error in the CAncleColor code and fixed it.

xm7_Ccfp_Wkly_TradeMonitor_v40.3.ex4

Folks:
This update contains a correction to the way the EA was using openhour to start a real or virtual basket.
Tests were successful. Please download and use. I really recommend that you try to use the latest, just like 40.1 many of the previous version could have bugs that are dormant and then when u least expect it they pop up.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #12,963
  • Mar 15, 2018 2:54am Mar 15, 2018 2:54am
Quoting FXTrader19
Hi everyone and special hello to the creators of the amazing EA and indicator. Can someone please tell me if there is a user guide on how to put the settings so that it can be used very effectively? Thank you lots for your generosity
Hey, No there is no guide yet.

Consider the basics.
The EA reads from the chart the list of suggested trades that the indicators provide.
You can set the EA to trade once a week(Weekly), once a day(Daily), once a month(Monthly).
You can set the hour the EA open a basket of suggested trades.
You can set the SL/TP for the entire basket (you can select to use either total pips or total Percent of Profit)
That in a nutshell is the most basic operation of the EA.

The other feature is the virtual basket. Think of it as a Pending Order.
Go to the section of VirtualBasket.
Set it to true and then set the VirtualUpper and VirtualLower Triggers. (both in pips only).

In this case the EA will open a virtual basket that contains a list of suggested trades.
Then the EA monitors the virtualbasket and when the pip total of the basket either reaches the upper or lower triggers the EA then opens a real basket.
From then on the EA monitors the percentage or pips (whichever u set the basket to monitor for SL.TP).
Our AWESOME IMAGINATION is the true holy grail!
  • #12,964
  • Mar 15, 2018 4:25am Mar 15, 2018 4:25am
@Xmess

Thanks a lot, i'll apply those settings
  • #12,965
  • Mar 15, 2018 6:34am Mar 15, 2018 6:34am
Quoting grandaevus
{quote} 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.
Do the directions for Daily and Weekly need to match?

Because today I saw AUDJPY is sell on daily but a buy on the weekly with those settings.

I am manual trader also; here is what I'm thinking, 3 by daily readings, maybe 0.5, 1.5, 2.5

Then watch the Suggestions at London, take small positions in each using the 0.5 list.

After 1 hour or so, watching price and market actions, if things are not too volatile, and assuming some profit ->

Add on new and / or extra positions or increase size using the Suggestions from list 1.5 reading

And then assuming great price action, continue trading with Suggestions from 2.5 list

Today NZDJPY and AUDJPY made it to the short list and both are moving with good trend and trading conditions.

Or you have better method, please comment, thanks.

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  • #12,966
  • Mar 15, 2018 6:52am Mar 15, 2018 6:52am
Quoting Erebus
{quote} Do the directions for Daily and Weekly need to match? Because today I saw AUDJPY is sell on daily but a buy on the weekly with those settings. I am manual trader also; here is what I'm thinking, 3 by daily readings, maybe 0.5, 1.5, 2.5 Then watch the Suggestions at London, take small positions in each using the 0.5 list. After 1 hour or so, watching price and market actions, if things are not too volatile, and assuming some profit -> Add on new and / or extra positions or increase size using the Suggestions from list 1.5 reading And then...
I'm an intraday trader. My preferred time frame @ CMSM is daily since when you select Main Time Frame = Daily, you get an average trend of Daily, Weekly & Monthly.
  • #12,967
  • Mar 15, 2018 6:54am Mar 15, 2018 6:54am
Quoting grandaevus
{quote} I'm an intraday trader. My preferred time frame @ CMSM is daily since when you select Main Time Frame = Daily, you get an average trend of Daily, Weekly & Monthly.
When you select Main Time Frame = Weekly, you get an average trend of Weekly & Monthly.

When you select Main Time Frame = Monthly, you get an average trend of Monthly.
  • #12,968
  • Mar 15, 2018 6:55am Mar 15, 2018 6:55am
Quoting Erebus
{quote} Do the directions for Daily and Weekly need to match? Because today I saw AUDJPY is sell on daily but a buy on the weekly with those settings. I am manual trader also; here is what I'm thinking, 3 by daily readings, maybe 0.5, 1.5, 2.5 Then watch the Suggestions at London, take small positions in each using the 0.5 list. After 1 hour or so, watching price and market actions, if things are not too volatile, and assuming some profit -> Add on new and / or extra positions or increase size using the Suggestions from list 1.5 reading And then...
Do the directions for Daily and Weekly need to match?....
this would be nice!
MTF-Version like CCFp-Diff_[v2.0-MTF].ex4
  • #12,969
  • Mar 15, 2018 7:09am Mar 15, 2018 7:09am
Quoting astra68
{quote} Do the directions for Daily and Weekly need to match?.... this would be nice! MTF-Version like CCFp-Diff_[v2.0-MTF].ex4
Speaking for CCFf, CCFp-Diff & CMSM;

@ Main Time Frame = Weekly, Daily trend is missing
@ Main Time Frame = Monthly, Daily & Weekly trends are missing.

So, if you want to see a snapshot of the current market strength of a currency, Main Time Frame = Daily would be the best choice since it gives the average trend of D1, W1, MN1.
  • #12,970
  • Mar 15, 2018 7:43am Mar 15, 2018 7:43am
change of Suggestions on List #2, CHF replaced by USD as it got stronger

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #12,971
  • Mar 15, 2018 8:00am Mar 15, 2018 8:00am
Quoting Erebus
change of Suggestions on List #2, CHF replaced by USD as it got stronger {image}
See how accurate the suggestions are @ Daily Time Frame.

I'm deciding to remove Time Frame Setting in next version.

That setting is a burden that we have to get rid of.
  • #12,972
  • Edited 8:28am Mar 15, 2018 8:17am | Edited 8:28am
Quoting Erebus
change of Suggestions on List #2, CHF replaced by USD as it got stronger {image}
It's not a good idea to set a trade level below 1.5 - 2.0.

At trade level = 2.0 , indicator gives 2-3 suggestions which is more than enough.

Today, I made a lot of pips just selling highs.(AudJpy, NzdJpy)

A small tip. If a suggestion disappears from the list, try to exit your trade/trades.
  • #12,973
  • Mar 15, 2018 8:29am Mar 15, 2018 8:29am
Quoting Erebus
{quote} Do the directions for Daily and Weekly need to match? Because today I saw AUDJPY is sell on daily but a buy on the weekly with those settings. I am manual trader also; here is what I'm thinking, 3 by daily readings, maybe 0.5, 1.5, 2.5 Then watch the Suggestions at London, take small positions in each using the 0.5 list. After 1 hour or so, watching price and market actions, if things are not too volatile, and assuming some profit -> Add on new and / or extra positions or increase size using the Suggestions from list 1.5 reading And then...
Make it 1.5 , 2.0 , 2.5.
  • #12,974
  • Edited 9:33am Mar 15, 2018 8:38am | Edited 9:33am
Quoting astra68
{quote} Do the directions for Daily and Weekly need to match?.... this would be nice! MTF-Version like CCFp-Diff_[v2.0-MTF].ex4
No it doesn't since daily gives the current daily market price action by looking daily, weekly & Monthly trends.

Today while daily suggests to sell NzdJpy & AudJpy pairs, weekly suggests to buy AudJpy.

May be tomorrow trend would change and AudJpy would fly like a rocket. But today It's definitely bearish.

And if tomorrow it would be bullish, i can assure you that, daily suggestion would also be bullish.
  • #12,975
  • Mar 15, 2018 9:03am Mar 15, 2018 9:03am
Quoting grandaevus
{quote} Make it 1.5 , 2.0 , 2.5.
Thanks for the help, I'm still fine tuning it as per your suggestions

Much appreciated, hitting targets on AUDJPY and NZDJPY now

It takes a lot for me to IGNORE you, but you can try.
  • #12,976
  • Mar 15, 2018 10:03am Mar 15, 2018 10:03am
Quoting xmess7
{quote} Hey, No there is no guide yet. Consider the basics. The EA reads from the chart the list of suggested trades that the indicators provide. You can set the EA to trade once a week(Weekly), once a day(Daily), once a month(Monthly). You can set the hour the EA open a basket of suggested trades. You can set the SL/TP for the entire basket (you can select to use either total pips or total Percent of Profit) That in a nutshell is the most basic operation of the EA. The other feature is the virtual basket. Think of it as a Pending Order. Go to the...
Jess I want to ask you about multiple open, and close times for the EA.

Lets say I want to trade 2 basket sessions, one at LO, an the other at NYO, so I think I've set my open, and close times correctly, the EA will open the first basket at the first open time, and then close the basket at the first close time, then the EA will open the 2nd basket at the 2nd open time, and close the basket at the 2nd close time.

I think I've set it up all up correct if you look at the screenshot, but I've noticed that the EA is only showing the first open time, not the 2nd? Did I miss something? Thanks.
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Truth is like poetry. And most people f*cking hate poetry.
  • #12,977
  • Mar 15, 2018 5:46pm Mar 15, 2018 5:46pm
Quoting grandaevus
{quote} See how accurate the suggestions are @ Daily Time Frame. I'm deciding to remove Time Frame Setting in next version. That setting is a burden that we have to get rid of.
Surviving signal is for AUDUSD selling, awesome

I need to ask, the calculation is continuous right? It remains valid even through the daily New York close?

Because some strength meter, they 'reset' everyday at that time

And then it takes some hours of price data before any readings to be of any use

Really big thanks again, much appreciated; this indicator deserves a thread of it's own (if there is, please tell me)

It surely has simplified my trading, less pairs, lots more pips

Look out, it's Friday folks
It takes a lot for me to IGNORE you, but you can try.
  • #12,978
  • Mar 15, 2018 7:44pm Mar 15, 2018 7:44pm
Quoting mrdfx
{quote} Jess I want to ask you about multiple open, and close times for the EA. Lets say I want to trade 2 basket sessions, one at LO, an the other at NYO, so I think I've set my open, and close times correctly, the EA will open the first basket at the first open time, and then close the basket at the first close time, then the EA will open the 2nd basket at the 2nd open time, and close the basket at the 2nd close time. I think I've set it up all up correct if you look at the screenshot, but I've noticed that the EA is only showing the first open...
Hey mrdfx:
Well, aahhh .... oooo ,... mmmm lol

The daily close hour was just set for to one hour or "-" which means no hour.
So your input would not be recognized at all by the EA. Who knows that EA would do with that LOL.

The original idea of being able to open the basket at several separate hours was for news trading. Where you knew that you would not be opened for long and the TP/S: would be quick so that by the time the next open hour happened there would be no open basket. In addition if there was an open basket the EA would ignore the open hour and continue monitoring the open basket. Once the basket was closed the EA would then wait for whatever open hour was next on the input and again open a new basket.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #12,979
  • Mar 15, 2018 7:52pm Mar 15, 2018 7:52pm
Xmess7 how do i set the ea to be always on? To read always trade what is on the indicator? No open or closing hours?
  • #12,980
  • Mar 15, 2018 8:45pm Mar 15, 2018 8:45pm
Quoting grandaevus
{quote} (it's very important to know when to trade or when not to trade).
Can you tell us when you look at the suggestions and when you trade? It is very important to know when to trade and when not to.
If you could, please explain your manual process for us.

Thank you.
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