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CCFp weekly signals (set and forget basket trading)

  • #13,741
  • Jul 16, 2018 9:29am Jul 16, 2018 9:29am
Quoting mrdfx
Not a good week for the fist time in months. Basket triggered and -10% hit, so I have activated my recovery EA to take over the active trades, and bring them back to BE. Well I guess we can't expect a winning week every time right...
Sorry mrdfx probably my jinx as I've started demoing this system this morning or maybe something to do with the japanese BH, but who know in these strange markets......

Have been reading the thread over the weekend to try and get my head around the strategy which looks like its gone from strength to strength with everybody's great contributions and so looks very promising.

keep up the great work guys!!

Cheers
Carlos
"All good things to those who wait"
  • #13,742
  • Jul 16, 2018 10:12am Jul 16, 2018 10:12am
Quoting mrdfx
Not a good week for the fist time in months. Basket triggered and -10% hit, so I have activated my recovery EA to take over the active trades, and bring them back to BE. Well I guess we can't expect a winning week every time right...
Same here. in my case -7% for the day. I am set for Wednesday. lets see if ny that day the market settles...
J
Our AWESOME IMAGINATION is the true holy grail!
  • #13,743
  • Jul 16, 2018 10:29am Jul 16, 2018 10:29am
Quoting xmess7
{quote} Same here. in my case -7% for the day. I am set for Wednesday. lets see if ny that day the market settles... J
Hey xmess7,

Is it possible to insert more than one timeframe of the CMSM indicator into the EA? E.g. the Weekly plus the 4H ?

I mean, the main direction of the bought / sold currency pairs was right today, but the entry at market opening was unfortunate. With that additional lower timeframe, we could eventually hit a better entry.

What do you think?

Have a nice week!

Ehrenmat
  • #13,744
  • Jul 16, 2018 11:49am Jul 16, 2018 11:49am
Quoting Ancient
I'm stuck since the morning. mainly MRDFX's+Grandaevus' settings {image} {file}{file} I'm using XM broker with GMT+2 {image} below are the setting in my EA {image}
Probably cos you have the CMSM indicator set to daily instead of weekly.
Truth is like poetry. And most people f*cking hate poetry.
  • #13,745
  • Jul 16, 2018 11:51am Jul 16, 2018 11:51am
Quoting brusch
{quote} I would love to get some invo about this recovery EA, mrdfx. If you want to share, ready to jump in in the heat of this dd. This is an nice occasion to tell the best contributors here: thanks to all! Awesome thread, very exciting stuff.
Sorry I'm unable to share it publicly on FF as its a private project with another coder.
Truth is like poetry. And most people f*cking hate poetry.
  • #13,746
  • Jul 16, 2018 1:02pm Jul 16, 2018 1:02pm
Quoting Ehrenmat
{quote} Hey xmess7, Is it possible to insert more than one timeframe of the CMSM indicator into the EA? E.g. the Weekly plus the 4H ? I mean, the main direction of the bought / sold currency pairs was right today, but the entry at market opening was unfortunate. With that additional lower timeframe, we could eventually hit a better entry. What do you think? Have a nice week! Ehrenmat
Hey Ehrenmat
I think that is a Grandaevus question. But as far as the trade monitor you can place two copies of the cmsm indicator with different ID numbers on the same chart and sure the EA will detect both...
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #13,747
  • Jul 16, 2018 2:11pm Jul 16, 2018 2:11pm
Quoting grandaevus
{quote} You can choose any time frame for the TimeFrame setting. Regarding MovingAverageMultiplier Setting, do you have any particular non standard time frame in mind that you'd like to try?
Hey grandaevus,

what do you think about the question of two timeframes in your indicator (e.g. W1 and H4), to get a better entry point for the EA?

Greets,

Ehrenmat
  • #13,748
  • Jul 16, 2018 9:45pm Jul 16, 2018 9:45pm
Quoting xmess7
{quote} Same here. in my case -7% for the day. I am set for Wednesday. lets see if ny that day the market settles... J
Hi Jess,

Could it be an idea to make an option '' Don't trade these pair'' ????

Sometimes there are pairs in the trade suggestions which I don't want to trade because og other technical analyzes.

Regards
Jan
  • #13,749
  • Jul 17, 2018 1:40am Jul 17, 2018 1:40am
Just thinking and asking you guys:

If we take this example before London open (see screenshot below): We have a buy signal on H4, D1 and W1 for NZDUSD. Would it make sense to combine these signals automatically by the EA or the indicator to get a better entry signal and consequentley gain pips more efficiently?

Sure, we can do it manually but an EA with such a combined indicator seems to be very powerful.

What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: CMSM.jpg Size: 149 KB
  • #13,750
  • Jul 17, 2018 1:48am Jul 17, 2018 1:48am
Quoting Pippopotamus
Have no idea why, but the above basket was closed at about -0.30 pips. Should have saved an image, but didn't...
Hi, Jess... Did you ever get a chance to look into this? The relevant posts are clustered on same page. Thanks, Pippo
Vincit qui se vincit.
  • #13,751
  • Jul 17, 2018 1:51am Jul 17, 2018 1:51am
Quoting Ehrenmat
Just thinking and asking you guys: If we take this example before London open (see screenshot below): We have a buy signal on H4, D1 and W1 for NZDUSD. Would it make sense to combine these signals automatically by the EA or the indicator to get a better entry signal and consequentley gain pips more efficiently? Sure, we can do it manually but an EA with such a combined indicator seems to be very powerful. What do you think? {image}
Hi Ehrenmat,
First question is : what your basis to set "Trade Level" at 1.25 (H4) + 3.0 (D1) + 4.5 (W) ?
If you set different Trade Levels, NZDUSD (or any other pair) might not appeared on those 3 time-frames at the same time.
Kindly advise. Thank you.
  • #13,752
  • Jul 17, 2018 2:04am Jul 17, 2018 2:04am
Quoting JmYm
{quote} Hi Ehrenmat, First question is : what your basis to set "Trade Level" at 1.25 (H4) + 3.0 (D1) + 4.5 (W) ? If you set different Trade Levels, NZDUSD (or any other pair) might not appeared on those 3 time-frames at the same time. Kindly advise. Thank you.
Hey JmYm

Sure thing, the thresholds are individual. But they are always individual and can be changed in the indicator's settings by anyone.

My thresholds are based on mrdx's W1 settings and on grandaemus suggestions in post #13733 (https://www.forexfactory.com/showthr...1#post11264991)

Anyways, I'm more curious about your opinions about the possibilities of multiple timeframe entry signals.


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Quoting xmess7
{quote} Hey Ehrenmat I think that is a Grandaevus question. But as far as the trade monitor you can place two copies of the cmsm indicator with different ID numbers on the same chart and sure the EA will detect both... Jess
Hey xmess7

Thank you for answering me! I tried your suggestion of adding two indicators with different ID numbers. The EA then takes any signal of both timeframes which unfortunately leads to more wrong entries.

But thank you anyways for your thoughts!
  • #13,753
  • Jul 17, 2018 2:34am Jul 17, 2018 2:34am
Quoting xmess7
{quote} Hey Ehrenmat I think that is a Grandaevus question. But as far as the trade monitor you can place two copies of the cmsm indicator with different ID numbers on the same chart and sure the EA will detect both... Jess
Hi Jess,
I think you might misunderstand Ehrenmat's request.
What he asked, is that EA only open trade(s) of pair(s) that appear on all time-frames.
So for instance:
if we use 3 CMSM indis with 3 different time-frames (H4, D1, and W), and NZDUSD (or any other pair) signal appears on those 3 Indis *at the same time*, only then the EA would open trade of that pair.
Pair(s) that signal only appear on 1 or 2 Indis / TF; trade(s) would not be opened by EA.

What do you think, Jess ?
Thanks before.
  • #13,754
  • Jul 17, 2018 2:40am Jul 17, 2018 2:40am
Quoting JmYm
{quote} Hi Jess, I think you might misunderstand Ehrenmat's request. What he asked, is that EA only open trade(s) of pair(s) that appear on all time-frames. So for instance: if we use 3 CMSM indis with 3 different time-frames (H4, D1, and W), and NZDUSD (or any other pair) signal appears on those 3 Indis *at the same time*, only then the EA would open trade of that pair. Pair(s) that signal only appear on 1 or 2 Indis / TF; trade(s) would not be opened by EA. What do you think, Jess ? Thanks before.

Thank you JmYm

Exactly my thoughts but far easier to understand



BTW: I think/hope, two timeframes are enough, though not making things too complex...
  • #13,755
  • Edited 3:39am Jul 17, 2018 3:05am | Edited 3:39am
Okay, I see this as an approach to get better results for all of us. Therefore, I'm going to track this and other multiple timeframe signal entries from the CMSM indicator in tradingview and post the link to these "trading ideas" here for more transparency and hopefully some positive empirical data.



First one is the NZDUSD Buy signal as mentioned above in post #13749 (https://www.forexfactory.com/showthr...6#post11267886):

https://www.tradingview.com/chart/NZ...ignal-on-CMSM/


Update at 10:35 am: NZDJPY buy signal on H4 and W1. I reduced the threshold on both to get an earlier entry signal, since the main direction (W1) is long anyways.

https://www.tradingview.com/chart/NZ...y-NZDJPY-Long/
Attached Image(s) (click to enlarge)
Click to Enlarge Name: CMSM.jpg Size: 149 KB
Click to Enlarge Name: NZDJPY.jpg Size: 115 KB
  • #13,756
  • Edited 7:48am Jul 17, 2018 5:28am | Edited 7:48am
A lot of people have been asking for a MTF version of CMSM but please let me explain why you wouldn't need it.

When you run CMSM @ Time Frame = D1 with recommended Multiplier Setting = 1, 2, 3, 4, 5, 10, 15, 20

CMSM starts to calculate momentum strengths for each currency by looking the price action @
D1 × 1 = 1 Day = Current Day= Today
D1 × 2 = 2 Days = Last 2 Days
D1 × 3 = 3 Days = Last 3 Days
D1 x 4 = 4 Days = Last 4 Days
D1 × 5 = 5 Days = Last 5 Days = 1 Week
D1 x 10 = 10 Days = Last 10 Days = 2 Weeks = Last 2 Weeks
D1 x 15 = 15 Days = Last 15 Days = 3 Weeks = Last 3 Weeks
D1 x 20 = 20 Days = Last 20 Days = 4 Weeks = Last 4 Weeks = 1 Month

Then all these results taken from different time frames are normalized to the base time frame which is D1.

Analyzing different time frames are like comparing apples and oranges so without normalization, results would be inaccurate.

Say,
D1 is green and strength is 4, but W1 is red and strength is -5

If you add these two values without normalization you get -1 = Sell which is wrong. Why?

Although weekly gives a negative strength, there're five weekdays in a week and you don't know when price starts to fall down. Monday , Tuesday could be green and then it could turn into red for the rest of the week.

Or , if you run two instance of CMSM, one running at Timeframe = D1 and other running @ TimeFrame=W1 that give opposite signals, you might miss a profitable trade if you decide not to take the D1 trade suggestion. Like written above, although weekly suggestion gives a sell signal, that weekday could be ended up in green.

In sum, CMSM tracks all possible time frames to calculate the strength of currencies for the chosen Time Frame and uses a very advanced complex formula that is also used in maths & statistics for the normalization process of data sets.

D1 suggestions are valid for D1, W1 suggestions are valid for W1 and they're independent of each other.
  • #13,757
  • Jul 17, 2018 5:35am Jul 17, 2018 5:35am
Quoting grandaevus
A lot of people have been asking for a MTF version of CMSM but please let me explain why you wouldn't need it. When you run CMSM @ Time Frame = D1 with recommended Multiplier Setting = 1, 2, 3, 4, 5, 10, 15, 20 CMSM starts to calculate momentum strengths for each currency by looking the price action @ D1 × 1 = 1 Day = Current Day= Today D1 × 2 = 2 Days = Last 2 Days D1 × 3 = 3 Days = Last 3 Days D1 x 4 = 4 Days = Last 4 Days D1 × 5 = 5 Days = Last 5 Days = 1 Week = Current Week D1 x 10 = 10 Days = Last 10 Days = 2 Weeks = Last 2 Weeks D1 x 15 =...

Hey grandaevus!

Thank you very much for your explanation and for your time spent in my dumb question... I feel bad now... Sorry for bothering!
  • #13,758
  • Jul 17, 2018 5:38am Jul 17, 2018 5:38am
Quoting Ehrenmat
{quote} Hey grandaevus! Thank you very much for your explanation and for your time spent in my dumb question... I feel bad now... Sorry for bothering!
No bothering at all. It's a very good question that deserves a good answer.
  • #13,759
  • Jul 17, 2018 5:52am Jul 17, 2018 5:52am
Quoting grandaevus
A lot of people have been asking for a MTF version of CMSM but please let me explain why you wouldn't need it. When you run CMSM @ Time Frame = D1 with recommended Multiplier Setting = 1, 2, 3, 4, 5, 10, 15, 20 CMSM starts to calculate momentum strengths for each currency by looking the price action @ D1 × 1 = 1 Day = Current Day= Today D1 × 2 = 2 Days = Last 2 Days D1 × 3 = 3 Days = Last 3 Days D1 x 4 = 4 Days = Last 4 Days D1 × 5 = 5 Days = Last 5 Days = 1 Week = Current Week D1 x 10 = 10 Days = Last 10 Days = 2 Weeks = Last 2 Weeks D1 x 15 =...
so Multiplier Setting = 1, 2 is like ema(2)
twitter: @gettoefl
  • #13,760
  • Jul 17, 2018 5:57am Jul 17, 2018 5:57am
Quoting grandaevus
A lot of people have been asking for a MTF version of CMSM but please let me explain why you wouldn't need it. When you run CMSM @ Time Frame = D1 with recommended Multiplier Setting = 1, 2, 3, 4, 5, 10, 15, 20 CMSM starts to calculate momentum strengths for each currency by looking the price action @ D1 × 1 = 1 Day = Current Day= Today D1 × 2 = 2 Days = Last 2 Days D1 × 3 = 3 Days = Last 3 Days D1 x 4 = 4 Days = Last 4 Days D1 × 5 = 5 Days = Last 5 Days = 1 Week = Current Week D1 x 10 = 10 Days = Last 10 Days = 2 Weeks = Last 2 Weeks D1 x 15 =...
Thank you so much for your clear explanation, Grandaevus !!

I hope you would also give us advise about the Trade Level :
As you had explained at post #13733 (https://www.forexfactory.com/showthr...1#post11264991) about proper Trade Level for "H4" TF; could you also advise about proper Trade Level for "D1" TF ?

Many thanks ahead.
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