CCFp weekly signals (set and forget basket trading) | Page 866 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

BASKET TRADE Management: Using multiple trade management EA's on basket trades 11 replies

Basket Knights - A Basket Trading Round Table 1,313 replies

Updated CCFp and CFP indis for relative strength trading 55 replies

TMS basket: Dashboard for a basket of MA-Filtered RSI Signals 135 replies

Set it & Forget it GBP and CHF signals... 6 replies

Attachments: CCFp weekly signals (set and forget basket trading)
Exit Attachments

CCFp weekly signals (set and forget basket trading)

  • #17,301
  • Feb 28, 2019 9:16pm Feb 28, 2019 9:16pm
Quoting DeathCab
{quote} Awesome Inescapable !!! Are ur 3x cmsm settings those of Chrisdk with the added "5" to the multiplier or my original cmsm indicators? Also, is ur setting TRUE or FALSE for the EA setting of "Add new trades suggestions on real basket"? Good work......
DeathCab you’re a real champ & I thank you for your amazing input into this particular system. I have not added the 5 into the moving average multiplier. Still using all your suggested settings and also on your advice set FALSE. It seems to be working great so far. Many thanks. Cheers.
  • #17,302
  • Feb 28, 2019 9:18pm Feb 28, 2019 9:18pm
Quoting DeathCab
{quote} So, how do you think your 08010gmt start time is doing? Seems like its doing pretty well so far. Im still starting right at 0800gmt, but there is some wisdom in considering a later start time by at least a few minutes. Once I get my computer up and running again I want to start testing 0800 vs 0805 vs 0810 vs 0815 open times. Adam
DeathCab I’m using 08:05 GMT for basket open.
  • #17,303
  • Feb 28, 2019 9:36pm Feb 28, 2019 9:36pm
Quoting DeathCab
{quote} So, how do you think your 08010gmt start time is doing? Seems like its doing pretty well so far. Im still starting right at 0800gmt, but there is some wisdom in considering a later start time by at least a few minutes. Once I get my computer up and running again I want to start testing 0800 vs 0805 vs 0810 vs 0815 open times. Adam
I've always preferred not opening my baskets right at the top of the hour. There seems to be more volatility at that time. I prefer to wait a few minutes and let things settle down a bit.

I'm also testing a different system that I think will be very successful. I've only run it 4 days so far but I like what I see. I'll run it another week and if it still gives good results, I'll share it with everyone. It uses the v17.01 indicator with the SMA setting.
  • #17,304
  • Feb 28, 2019 10:30pm Feb 28, 2019 10:30pm
yohec, I know you are using Oanda which doesn't allow hedging for US traders. Is there any chance that 3x cmsm suggests the same pairs with opposite direction?
  • #17,305
  • Feb 28, 2019 11:57pm Feb 28, 2019 11:57pm
[quote=goodpoet;12062969]yohec, I know you are using Oanda which doesn't allow hedging for US traders. Is there any chance that 3x cmsm suggests the same pairs with opposite direction?[/quote

Theoratically, different ma methods may give opposite trade suggestions but it's very unlikely to happen in higher time frames like D1, W1 and MN1.
  • #17,306
  • Mar 1, 2019 1:05am Mar 1, 2019 1:05am
Quoting DeathCab
{quote} Wow Chrisdk, you are really killing the 3xCMSM system in a good way haha !!!! Seems like adding that "5" to your cmsm MovingAverage Multiplier is paying off. Keep it up and please keep posting your results. Adam
Thanks

I have set my TP to 250 pips now to see if we can get more from the market - it went down to 196 pips at close time.
  • #17,307
  • Mar 1, 2019 4:14am Mar 1, 2019 4:14am
Hello to everyone, I just joined FF to partecipate to this thread.
I'm using this kind of strategy from a week with nice result (1,5 - 2% in a day), openING a daily basket at 9.05GMT ( for me works better than 8:05GMT).
I just noticed that in some screenshot I see people opening a daily basket with the CMSM on 1W period...am I missing anything? BTW today is a bad day -1% , the first loss of the week.
"In ancient times they had no statistics so they had to fall back on lies."
  • #17,308
  • Mar 1, 2019 5:53am Mar 1, 2019 5:53am
Quoting Naustromo
Hello to everyone, I just joined FF to partecipate to this thread. I'm using this kind of strategy from a week with nice result (1,5 - 2% in a day), openING a daily basket at 9.05GMT ( for me works better than 8:05GMT). I just noticed that in some screenshot I see people opening a daily basket with the
CMSM on 1W period...am I missing anything? BTW today is a bad day -1% , the first loss of the week.



CMSM suggests weekly trades for example: I've been checking the logic and CMSM suggests GBPNZD, GBPCAD BUY trades. However, the trend changed last night (M1, M5, M15, M30, H1, H4, Daily) for all GBP pairs are SELL.

Your opened basket was against the trend therefore you had a losing day today.

If you want to open daily basket so you have to set parameters to check Trend from M1 to Daily and exclude WEEKLY/Monthly.
  • #17,309
  • Mar 1, 2019 6:25am Mar 1, 2019 6:25am
Quoting goodpoet
yohec, I know you are using Oanda which doesn't allow hedging for US traders. Is there any chance that 3x cmsm suggests the same pairs with opposite direction?
I have noticed opposite direction trade suggestions but very few times. This morning for example, the EMA basket suggested buy EUR/NZD while the SMA basket suggested sell. When the baskets opened, EUR/NZD opened with basket 1 and closed immediately with basket 2.
  • #17,310
  • Mar 1, 2019 6:39am Mar 1, 2019 6:39am
Closed today's basket whit 120pips profit. So for the week I have 5 winning days whit profit of 1600 pips
Will see what will happen next week
  • #17,311
  • Mar 1, 2019 6:58am Mar 1, 2019 6:58am
Quoting fareed51
{quote} CMSM suggests weekly trades for example: I've been checking the logic and CMSM suggests GBPNZD, GBPCAD BUY trades. However, the trend changed last night (M1, M5, M15, M30, H1, H4, Daily) for all GBP pairs are SELL. Your opened basket was against the trend therefore you had a losing day today. If you want to open daily basket so you have to set parameters to check Trend from M1 to Daily and exclude WEEKLY/Monthly.

First of all thank you for your reply, so this is the confirm that my wins were only a lucky shot, because I only watched the indicator with 1W parameter.
So, for example if I want to open a daily basket at 8:05GMT, have I to check the "4H CMSM" pairs or have I to filter the pairs looking first the "Daily CMSM" and then "4H CMSM"?
BTW I will continue my test and thank you again
"In ancient times they had no statistics so they had to fall back on lies."
  • #17,312
  • Mar 1, 2019 7:07am Mar 1, 2019 7:07am
Quoting yohec
{quote} I have noticed opposite direction trade suggestions but very few times. This morning for example, the EMA basket suggested buy EUR/NZD while the SMA basket suggested sell. When the baskets opened, EUR/NZD opened with basket 1 and closed immediately with basket 2.
Thank you and grandaevus for clarification. That means we will have a slight negative bias (number of opposite occurrences * spread) when it happens. I guess it is negligible.
  • #17,313
  • Edited 9:46am Mar 1, 2019 8:26am | Edited 9:46am
Quoting Naustromo
{quote} First of all thank you for your reply, so this is the confirm that my wins were only a lucky shot, because I only watched the indicator with 1W parameter. So, for example if I want to open a daily basket at 8:05GMT, have I to check the "4H CMSM" pairs or have I to filter the pairs looking first the "Daily CMSM" and then "4H CMSM"? BTW I will continue my test and thank you again

Daily basket heavily depends on day trend (m1 to daily).
Weekly basket based on weekly & monthly trend. In weekly basket your negative trades with huge dd swing back in green pips.

You can't automate system unless daily trend is lined up in weekly trend then BUY otherwise Sell pair.

Jess & grandaves know CMSM better than anyone, so they know how to utilise CMSM settings to trigger daily basket with TP & SL. But yes this is possible, if you know the trend is lined up with weekly basket so open it daily and you will always win. however, if daily trend is opposite to weekly trend then open daily trend basket with small TP and SL.
  • #17,314
  • Mar 1, 2019 9:14am Mar 1, 2019 9:14am
Quoting fareed51
{quote} Daily basket heavily depends on day trend (m1 to daily). Weekly basket based on weekly & monthly trend. In weekly basket your negative trades with huge dd swing back in green pips. You can't automate system. unless daily trend is lined up in weekly trend then BUY otherwise Sell pair. Jess & grandaves know CMSM better than anyone, so they know better the solution. But yes this is possible, if you know the trend is lined up with weekly basket so open it daily and you will always win. however, if daily trend is opposite to weekly then open...
Thank you very much, I hope to give my contribute to this thread very soon.
"In ancient times they had no statistics so they had to fall back on lies."
  • #17,315
  • Mar 1, 2019 9:41am Mar 1, 2019 9:41am
Quoting fareed51
{quote} Daily basket heavily depends on day trend (m1 to daily). Weekly basket based on weekly & monthly trend. In weekly basket your negative trades with huge dd swing back in green pips. You can't automate system. unless daily trend is lined up in weekly trend then BUY otherwise Sell pair. Jess & grandaves know CMSM better than anyone, so they know better the solution. But yes this is possible, if you know the trend is lined up with weekly basket so open it daily and you will always win. however, if daily trend is opposite to weekly then open...
Agreed.
  • #17,316
  • Mar 1, 2019 12:27pm Mar 1, 2019 12:27pm
-900 pips dd for 3xCMSM today but closed +517 pips due to a big reversal 14:56 GMT.

SMA did worst

EMA: 484 / -385
SMA 56.7 / -452
LWMA: 476 / -377

Maybe yohec's idea about the negative trigger is not that bad an idea?
  • #17,317
  • Mar 1, 2019 12:58pm Mar 1, 2019 12:58pm
Quoting chrisdk2017
-... Maybe yohec's idea about the negative trigger is not that bad an idea?
Chris:
Re-read (if you haven't) the following Yohec posts:

https://www.forexfactory.com/showthr...0#post12017040
https://www.forexfactory.com/showthr...4#post12017044
https://www.forexfactory.com/showthr...4#post12017244

Yohec has presented hard data concerning his negative trigger approach, so its much more than a "maybe".

Folks don't get too carried away with what you are seeing.. It will take many months to see whether or not these "new" approaches are consistent.

In addition do not concentrate too much on the functionality of the indicator and or whether you are on the trend or not (those are idea that 100% of the retail trades "believe"). The MORE IMPORTANT aspects are these:
1. What is the average weekly MINIMUM or DrawDown?
2. How often does No. 1 hit? Once every 6 weeks? Once ever 6 months (this would be AWESOME)
3. How does the approach do during several market conditions:? (normal, fast, news heavy etc).

Once you have gathered this data then you can establish the appropriate risk and how to go about trading the approach.

So take it easy, enjoy your life (yes even if it sucks enjoy it LOL). Cause if you are persistent that "AHA" moment will come and since you will already be in a great attitude, then trading will be so easy and any loss that comes will not prompt you ever to say "this was a bad day". Cause in reality there is not bad day. There are only days that give you the illusion that it was bad. LOL

Ok I will stop rambling. PEACE to all and keep using those IMAGINATIONS with GREAT EXPECTATIONS
Our AWESOME IMAGINATION is the true holy grail!
  • #17,318
  • Mar 1, 2019 1:48pm Mar 1, 2019 1:48pm
Quoting chrisdk2017
-900 pips dd for 3xCMSM today but closed +517 pips due to a big reversal 14:56 GMT. SMA did worst EMA: 484 / -385 SMA 56.7 / -452 LWMA: 476 / -377 Maybe yohec's idea about the negative trigger is not that bad an idea?
My baskets are still running, currently at -950 pips. I had a chance to get out at -100 pips around 14:00 GMT but decided to let them run. The SMA basket is down almost -900 pips. This basket has 5 CAD pairs. CAD had very bad economic news this morning and the news went against all 5 pairs.

Last week I had 2 bad days, for -621 pips and -720 pips. Today will be even worse. So having 3 very bad days out of 10 is very poor odds. The sample size is very small, but I'm not liking what I see so far.

I was going to discontinue the test after today anyway. My problem is that the baskets open at 2:10 AM my time. I would like to be able to monitor and manage my baskets. I think I may start a new test with opening time 11:10 GMT. This would be about halfway between London open and New York open.
  • #17,319
  • Mar 1, 2019 7:17pm Mar 1, 2019 7:17pm
3xCMSM method 1 chart
DeathCab settings
Result Friday 1st March
Basket open 08:05 GMT
Basket close 10:40 GMT
Stopped out -403 pips
(+45/-814)
ICMarkets live
Total 32 pairs opened

This week overall result +161 pips profit
3 trading days only (Wed to Fri)

Great weekend to all of you. Cheers.
  • #17,320
  • Mar 2, 2019 1:36am Mar 2, 2019 1:36am
Quoting yohec
{quote} My baskets are still running, currently at -950 pips. I had a chance to get out at -100 pips around 14:00 GMT but decided to let them run. The SMA basket is down almost -900 pips. This basket has 5 CAD pairs. CAD had very bad economic news this morning and the news went against all 5 pairs. Last week I had 2 bad days, for -621 pips and -720 pips. Today will be even worse. So having 3 very bad days out of 10 is very poor odds. The sample size is very small, but I'm not liking what I see so far. I was going to discontinue the test after today...
My sample size (6) is small as well but LWMA seems better than SMA:

Good defined by > 100 pips in the session before closing

% of all baskets

EMA: 50%
SMA: 33%
LWMA: 66%
13 traders viewing now