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CCFp weekly signals (set and forget basket trading)

  • #19,521
  • Sep 23, 2020 11:22am Sep 23, 2020 11:22am
Quoting Dzt
{quote} Look like you're running 2 EA's at the same time, probably with the same magic number, change magic number of one of them.
No I dont run 2 EAs.
  • #19,522
  • Sep 23, 2020 11:36am Sep 23, 2020 11:36am
Hi everyone. I want to test this interesting system. Someone can send you the latest version of the program and indicators that everyone uses. thank you so much for your response.
  • #19,523
  • Sep 23, 2020 2:37pm Sep 23, 2020 2:37pm
New York Session
TradeMonitor v80
Indicator: CMSM v22.01
Weekly GBP Basket Trade Level=5
Reverse Weekly GBP Basket Trade Level=5
100 Pip Daily Target Met (162.4)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 22 KB
Click to Enlarge Name: Screenshot3.png Size: 23 KB
  • #19,524
  • Sep 24, 2020 12:24am Sep 24, 2020 12:24am
Quoting grandaevus
CMSM V22.01 for Mt4 & Mt5 Uses pure price action to calculate strength levels. Changelog: Updated core logic. Low memory consumption. Recommended Settings: Please wait at least 1/3 of your selected Time Frame before starting to trade. if TimeFrame = PERIOD_D1, wait at least 24/3 = 8 hours; if TimeFrame = PERIOD_W1, wait at least 5/3 days = Wait till Tuesday, 16:00 {image} {file}{file}
Hi Grandaevus,
Thank you for your new update!
Just a question.
Lets say I want to trade TF H4, and when I see the Trade Suggestion the time is 09:00am.
What do I do? Take a picture of the Trade Suggestion at 09:00am and wait to trade at 10:33am (4/3=1.33)?
Is that the logic, or I'm wrong?
Thank you,
Marco
  • #19,525
  • Edited 11:14am Sep 24, 2020 12:48am | Edited 11:14am
Quoting mrcubl
{quote} Hi Grandaevus, Thank you for your new update! Just a question. Lets say I want to trade TF H4, and when I see the Trade Suggestion the time is 09:00am. What do I do? Take a picture of the Trade Suggestion at 09:00am and wait to trade at 10:33am (4/3=1.33)? Is that the logic, or I'm wrong? Thank you, Marco
Hi mrcubl,

CMSM always calculates currency strengths for the selected time frame & Time index (default = 0 = current candle)

So when your selected time frame is H4 and Time Index is 0, CMSM calculates currency strengths for the last H4 candle that price action goes on.

The results and the given suggestion list is valid only for your selected time frame & index not for any other time frames.

When the last candle closes and a new candle opens, it'd be better to wait at least 1/3 of that candle time frame before start trading.

For H4 time frame, that would be 240 / 3 = 80 minutes = 1 h + 20 min.
  • #19,526
  • Sep 24, 2020 1:06am Sep 24, 2020 1:06am
Quoting grandaevus
{quote} Hi mrcubl, CMSM always calculates currency strengths for the selected time frame & Time index (default = 0 = current candle) So when your selected time frame is H4 and Time Index is 0, CMSM calculates currency strengths for the last H4 candle that price action goes on. The results and the given suggestion list is valid only for your selected time frame & index not for any other time frames. When the last closes and a new candle opens, it'd be better to wait at least 1/3 of that candle time frame and then start trading. For H4, that would...
Ok,
So lets see if I understood.
1. TF H1 & Time Index = 0, Time 10:00am, this means that I could start trading at 10:20am (60/3 =20). Is that correct?
2. Usually do you use Time Index = 0 in your trading style?
Thank you,
Marco
  • #19,527
  • Sep 24, 2020 1:39am Sep 24, 2020 1:39am
Quoting mrcubl
{quote} Ok, So lets see if I understood. 1. TF H1 & Time Index = 0, Time 10:00am, this means that I could start trading at 10:20am (60/3 =20). Is that correct? 2. Usually do you use Time Index = 0 in your trading style? Thank you, Marco
1) Right, but when 10:00 candle closes and a new candle opens at 11:00, you should wait till 11:20
2) Yes, always

Since time series is an array, last candle = current candle array index is zero and the previous closed candle is 1.

You can use Time Index to calculate the currency strength levels for any candle on the chart.
  • #19,528
  • Sep 24, 2020 1:42am Sep 24, 2020 1:42am
Quoting grandaevus
{quote} 1) Right, but when 10:00 candle closes and a new candle opens at 11:00, you should wait till 11:20 2) Yes, always Since time series is an array, last candle = current candle array index is zero and the previous closed candle is 1. You can use Time Index to calculate the currency strength levels for any candle on the chart.
Ok thank you!
  • #19,529
  • Sep 24, 2020 4:34am Sep 24, 2020 4:34am
Hi,

Just to make sure I understand it right:

So all the people running the your PA based indicators (19,21,22 etc.) with the Trade Monitor EA, should actually be aware that the PA based indicator is more suitable for the manual trading, as the trading decison should be made after 1/3 of current TF has passed and if the signal is still valid? Basically the EA should keep a log on recorded indicator signal at the start of TF and 1/3 TF later provide GO/NO GO confirmation if there is confluence?

Many thanks!

Quoting grandaevus
{quote} Hi mrcubl, CMSM always calculates currency strengths for the selected time frame & Time index (default = 0 = current candle) So when your selected time frame is H4 and Time Index is 0, CMSM calculates currency strengths for the last H4 candle that price action goes on. The results and the given suggestion list is valid only for your selected time frame & index not for any other time frames. When the last closes and a new candle opens, it'd be better to wait at least 1/3 of that candle time frame before start trading. For H4 time frame, that...
  • #19,530
  • Sep 24, 2020 5:58am Sep 24, 2020 5:58am
Anyone profited today?
Swimming with sharks!
  • #19,531
  • Edited 6:54am Sep 24, 2020 6:08am | Edited 6:54am
Quoting Ilvez
Hi, Just to make sure I understand it right: So all the people running the your PA based indicators (19,21,22 etc.) with the Trade Monitor EA, should actually be aware that the PA based indicator is more suitable for the manual trading, as the trading decison should be made after 1/3 of current TF has passed and if the signal is still valid? Basically the EA should keep a log on recorded indicator signal at the start of TF and 1/3 TF later provide GO/NO GO confirmation if there is confluence? Many thanks! {quote}
You can use every version of CMSM with an ea whether it's price action or indicator based.

Ea doesn't need to keep a log since it doesn't produce any signals to compare with the indicator.. It just reads the suggestion list of the CMSM.
  • #19,532
  • Edited 10:04am Sep 24, 2020 7:40am | Edited 10:04am
Thanks, but how should one interpret your comment on the PA indicator best usage:

"The results and the given suggestion list is valid only for your selected time frame & index not for any other time frames. When the last closes and a new candle opens, it'd be better to wait at least 1/3 of that candle time frame before start trading. For H4 time frame, that..."

EA just takes current suggestion but should it wait 1/3 of new timeframe or not for more accurate entry? Virtual Basket is somewhat delaying the entry based on CMSM suggeston but it is different logic.

Many thanks and sorry for being so thick.

Quoting grandaevus
{quote} You can use every version of CMSM with an ea whether it's price action or indicator based. Ea doesn't need to keep a log since it doesn't produce any signals to compare with the indicator.. It just reads the suggestion list of the CMSM.
  • #19,533
  • Sep 24, 2020 7:49am Sep 24, 2020 7:49am
Demo profited today but live account has had 3 SL-s in quick succsession. Two of them I can completely blame on my own stupidity (Friday trading and manual opening of basket too soon as it "looked" good time for quick win).

As long as the system is good for long term, the occasional SL is just part of the story.

Quoting chandana47
Anyone profited today?
  • #19,534
  • Sep 24, 2020 7:54am Sep 24, 2020 7:54am
Quoting chandana47
Anyone profited today?
Yes the daily preset hit TP today and the week is in a good profit overall.
Truth is like poetry. And most people f*cking hate poetry.
  • #19,535
  • Sep 24, 2020 7:56am Sep 24, 2020 7:56am
Quoting Ilvez
Demo profited today but live account has had 3 SL-s in quick succsession. Two of them I can completely blame on my own stupidity (Friday trading and manual opening of basket too soon as it "looked" good time for quick win). As long as the system is good for long term, the occasional SL is just part of the story. {quote}
I also profited the new weighted 17.2 by grandaevus and its demo with 35 pip trail stop

Real one i got loss!
Swimming with sharks!
  • #19,536
  • Sep 24, 2020 7:59am Sep 24, 2020 7:59am
Quoting mrdfx
{quote} Yes the daily preset hit TP today and the week is in a good profit overall.
any tweaks on set fils mrdfx? because I use your settings this month 150pips profits but today i loss! are you using grandaevus's new weight values?
Swimming with sharks!
  • #19,537
  • Sep 24, 2020 8:05am Sep 24, 2020 8:05am
I also got a win today using the daily settings. Chandana I think you need to check your setup and / or change your broker, as this is not the first time you've reported a loss on a winning day for the daily set

blam

Quoting chandana47
{quote} any tweaks on set fils mrdfx? because I use your settings this month 150pips profits but today i loss! are you using grandaevus's new weight values?
  • #19,538
  • Sep 24, 2020 8:06am Sep 24, 2020 8:06am
Quoting blamshakk
I also got a win today using the daily settings. Chandana I think you need to check your setup and / or change your broker, as this is not the first time you've reported a loss on a winning day for the daily set blam {quote}
yes i should consider but first are you using cmsm 17.2 new weight values???
Swimming with sharks!
  • #19,539
  • Sep 24, 2020 8:07am Sep 24, 2020 8:07am
Quoting blamshakk
I also got a win today using the daily settings. Chandana I think you need to check your setup and / or change your broker, as this is not the first time you've reported a loss on a winning day for the daily set blam {quote}
Kindly tell me who is your broker
Swimming with sharks!
  • #19,540
  • Sep 24, 2020 8:09am Sep 24, 2020 8:09am
Been running live the daily setup for a month or so, with good results until 3 SLs within 4 trading days. As I said, two of them could have been avoided easily. And when SL happens after stint of 10 really good trading days, it really is paramount to analyse what and where went wrong (I know, because I got greedy and it greed gets punished fast). Also, it is good to not blindly trust the indicators only, check the markets during different times etc. Recently it has been pure GBP show, now the daily picture from 17.02 is really interesting as poor AUD and NZD are at one corner while rest are against them. I think the storm is brewing.

I have deviated quite a lot from mrdfx 20.august daily setup so there is not much to compare here if it is good or bad.

Quoting chandana47
{quote} any tweaks on set fils mrdfx? because I use your settings this month 150pips profits but today i loss! are you using grandaevus's new weight values?
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