CCFp weekly signals (set and forget basket trading) | Page 983 | 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)

  • #19,641
  • Oct 6, 2020 3:41am Oct 6, 2020 3:41am
Argh, v93 Virtual Basket bug bites again!

"No Positive vTrades were found in vBasket"

Basket is positive by 40+ pips. All trades are positive. Why the error?

Stay away from v90+ versions until this bug has been fixed once and for all. v88 is rock solid.

Attached Image
  • #19,642
  • Oct 6, 2020 5:02am Oct 6, 2020 5:02am
CMSM: V17.02
CMSM Preset: mrdfx
TradeMonitor: V88
TradeMonitor Preset: Daily by mrdfx
Broker: Roboforex, FXPro
Today: without trade
  • #19,643
  • Oct 6, 2020 8:43am Oct 6, 2020 8:43am
I think in general last 2 weeks have been difficult times in markets, just look at the crazy moves what GBP is pulling.

Its also been difficult 2 weeks for mrdfx default daily basket, running on demo. SLs have been hit way more often than profits taken but again, this is the nature of FX. As long as the fundamentals of the systems are good and it has demonstrated long term consistency, bad patch of 2 weeks does not matter in bigger picture.

I had serious rollercoaster ride with my custom daily strategy as well on live account - after hitting +30% yield in 2 weeks in September, it has been since very difficult 2 weeks with lot of manual intervention and many SL-s hit, which wiped out almost all of the 30% yield. But still in profit. Lot of lessons learned along the way. Looking forward to somewhat more stability from now on

Again, all the respect to the founding fathers of the system Grandaevus, mrdfx and Jess!
  • #19,644
  • Oct 6, 2020 9:11am Oct 6, 2020 9:11am
CMSM: V17.03
CMSM Preset: mrdfx
TradeMonitor: V88
TradeMonitor Preset: Daily by mrdfx
Broker: ICM
Today: No trade
  • #19,645
  • Oct 6, 2020 9:18am Oct 6, 2020 9:18am
Quoting Ilvez
I think in general last 2 weeks have been difficult times in markets, just look at the crazy moves what GBP is pulling. Its also been difficult 2 weeks for mrdfx default daily basket, running on demo. SLs have been hit way more often than profits taken but again, this is the nature of FX. As long as the fundamentals of the systems are good and it has demonstrated long term consistency, bad patch of 2 weeks does not matter in bigger picture. I had serious rollercoaster ride with my custom daily strategy as well on live account - after hitting +30%...
for Jess , Grandaevus and mrdfx cheers!!
Swimming with sharks!
  • #19,646
  • Oct 6, 2020 9:19am Oct 6, 2020 9:19am
Today no trades on IC Market
Swimming with sharks!
  • #19,647
  • Oct 6, 2020 10:34am Oct 6, 2020 10:34am
Quoting Ilvez
I think in general last 2 weeks have been difficult times in markets, just look at the crazy moves what GBP is pulling. Its also been difficult 2 weeks for mrdfx default daily basket, running on demo. SLs have been hit way more often than profits taken but again, this is the nature of FX. As long as the fundamentals of the systems are good and it has demonstrated long term consistency, bad patch of 2 weeks does not matter in bigger picture. I had serious rollercoaster ride with my custom daily strategy as well on live account - after hitting +30%...
Ilvez
Thank you for the analogy. I have been testing Maddash along with CSM and getting all of the problems you mentioned and not knowing if its Maddash or me. I was using V88 for the most part. I was just getting ready to set up V93 when I saw your post, so thank you for that.

I will say the Virtual appears to keep us out of the worst of it.

Thanks again to Jess, Grandaevus, and mrdfx!
  • #19,648
  • Oct 6, 2020 10:40am Oct 6, 2020 10:40am
Thanks for good words, this is what we are here for - to make sure that many can learn from the mistakes of one person

Good luck and green pips!

Quoting Traderduke
{quote} Ilvez Thank you for the analogy. I have been testing Maddash along with CSM and getting all of the problems you mentioned and not knowing if its Maddash or me. I was using V88 for the most part. I was just getting ready to set up V93 when I saw your post, so thank you for that. I will say the Virtual appears to keep us out of the worst of it. Thanks again to Jess, Grandaevus, and mrdfx!
  • #19,649
  • Oct 6, 2020 2:36pm Oct 6, 2020 2:36pm
Hi Grandaevus,

Could you please explain why is the "Close Price" EMA method in CMSM 17.xx quickest to react to the market price movements? Here is the screenshot of different CMSM 17.xx indicators, right after USD quickly appreciated due to Trumps tweet about denying Pelosi proposal for additional gov. bailout on dubious grounds.

Many thanks,
I

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 93 KB
  • #19,650
  • Oct 6, 2020 4:16pm Oct 6, 2020 4:16pm
New York Session
TradeMonitor v80
Indicator: CMSM v22.01
Trade Level=3
100 Pip Daily Target Not Met (27.8)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
  • #19,651
  • Oct 7, 2020 2:40am Oct 7, 2020 2:40am
[quote = Ilvez; 13201482] Xin chào Grandaevus, Vui lòng giải thích tại sao phương pháp EMA "Đóng giá" trong CMSM 17.xx lại phản ứng nhanh nhất với biến động giá thị trường? Đây là ảnh chụp màn hình của các chỉ số CMSM 17.xx khác nhau, ngay sau khi USD nhanh chóng tăng giá do Trumps tweet về việc từ chối đề xuất của Pelosi cho chính phủ bổ sung. cứu trợ trên cơ sở không rõ ràng. Cảm ơn rất nhiều, tôi {image} [/ quote]

Hi Grandaevus,
Which one is the best CMSM you are using? CMSM V17.01 or V17.02 or V17.03?
  • #19,652
  • Edited 3:56am Oct 7, 2020 3:36am | Edited 3:56am
Quoting Ilvez
Hi Grandaevus, Could you please explain why is the "Close Price" EMA method in CMSM 17.xx quickest to react to the market price movements? Here is the screenshot of different CMSM 17.xx indicators, right after USD quickly appreciated due to Trumps tweet about denying Pelosi proposal for additional gov. bailout on dubious grounds. Many thanks, I {image}

PRICE_CLOSE

Close price

PRICE_OPEN

Open price

PRICE_HIGH

The maximum price

PRICE_LOW

The minimum price

PRICE_MEDIAN

Median price, (high + low)/2

PRICE_TYPICAL

Typical price, (high + low + close)/3

PRICE_WEIGHTED

Average price, (high + low + close + close)/4


PRICE_CLOSE is just the last tick price of the current candle or close price of previous candles.
Unlike PRICE_CLOSE, PRICE_WEIGHTED is the average of high + low + 2close.

Although PRICE_CLOSE may react faster to sudden price fluctuations, PRICE_WEIGHTED gives more accurate average price of the candle. To get the best average price of the candle is very important because it directly affects the calculation results of strength levels.

Therefore, It's highly recommended to use the default applied price (PRICE_WEIGHTED).
  • #19,653
  • Oct 7, 2020 3:44am Oct 7, 2020 3:44am
Quoting dchongpro
[quote = Ilvez; 13201482] Xin chào Grandaevus, Vui lòng giải thích tại sao phương pháp EMA "Đóng giá" trong CMSM 17.xx lại phản ứng nhanh nhất với biến động giá thị trường? Đây là ảnh chụp màn hình của các chỉ số CMSM 17.xx khác nhau, ngay sau khi USD nhanh chóng tăng giá do Trumps tweet về việc từ chối đề xuất của Pelosi cho chính phủ bổ sung. cứu trợ...
For now 17.03, but it'll pass torch to ver23.xx in the near future.
  • #19,654
  • Oct 7, 2020 4:09am Oct 7, 2020 4:09am
Some useful tips: (both for price action and ma based versions)

Always give market some time to make a decision on the direction of the chosen candle time frame.
I pass Monday and start trading on Tuesday if I choose PERIOD_WEEKLY.
For DAILY, It'd be better not to trade for the first 2 or 3 4hours.

Always wait for the correction. If suggestion is green (buy) then buy the lows, if suggestion is red (sell) then sell the highs.
  • #19,655
  • Oct 7, 2020 4:47am Oct 7, 2020 4:47am
Many thanks and yes, I am using Weighted Price as it seems way more prudent than Close Price.

1) I would really like to understand more the methodology behind the MA based indicator, could you shortly mention what the Period Multiplier variable actually does?

https://www.forexfactory.com/thread/...7#post12679497

2) Also, do you think it is prudent to use for daily trading settings additional filter of Daily candle? E.g. when the indicator is signal is conflicting with the price movements since the beginning of the day, the signal will not be used. In my case when I trade with Daily 17.02 indicator, the Daily candle is 12 hours long which is pretty good indicator of the daily direction as I see. In short if the 17.02 Daily indicator signals BUY, but the price is below daily open, the signal will be ignored. So far it has proved to be helpful but on some days as a downside, it can filter out appx 50% of the signals.

Many thanks,
Ilvez

Quoting grandaevus
{quote} PRICE_CLOSE Close price PRICE_OPEN Open price PRICE_HIGH The maximum price PRICE_LOW The minimum price PRICE_MEDIAN Median price, (high + low)/2 PRICE_TYPICAL Typical price, (high + low + close)/3 PRICE_WEIGHTED Average price, (high + low + close + close)/4 PRICE_CLOSE is just the last tick price of the current candle or close price of previous candles. Unlike PRICE_CLOSE, PRICE_WEIGHTED is the average of high + low + 2close. Although PRICE_CLOSE may react faster to sudden price fluctuations, PRICE_WEIGHTED gives more accurate average price...
  • #19,656
  • Oct 7, 2020 7:18am Oct 7, 2020 7:18am
Quoting Ilvez
Its not really comforting that this bug has been present all the time Lets wait what Jess has to say. {quote}
I have spoken to Jess and he's not been here on the thread as he has other things he's busy with, but he did say for you to write him an email with all the things you have picked up and he'll address them when he gets some free time.
Truth is like poetry. And most people f*cking hate poetry.
  • #19,657
  • Oct 7, 2020 8:32am Oct 7, 2020 8:32am
Today ICMARKET triggered rb with 4 trades after 10pips I have closed it manually what about you guys??
Swimming with sharks!
  • #19,658
  • Oct 7, 2020 8:37am Oct 7, 2020 8:37am
Thanks, I have long e-mail conversations with Jess for some time already So hopefully he will find some time to work with this.

At the moment the big question seems to be how to make daily basket slightly more stable under the market turbulence. GBP has been both blessing and a curse at the same time, I am actually considering temporarily taking GU and GC off the trading list for some time.

Quoting mrdfx
{quote} I have spoken to Jess and he's not been here on the thread as he has other things he's busy with, but he did say for you to write him an email with all the things you have picked up and he'll address them when he gets some free time.
  • #19,659
  • Oct 7, 2020 8:45am Oct 7, 2020 8:45am
My daily demo is running with 8 pairs since 9:40GMT. Been between -2% and +2%. If it would have been live, I would have collected 2% before NY session. Being demo I let it run and see where it ends up.

Quoting chandana47
Today ICMARKET triggered rb with 4 trades after 10pips I have closed it manually what about you guys??
  • #19,660
  • Oct 7, 2020 8:57am Oct 7, 2020 8:57am
CMSM: V17.02
CMSM Preset: mrdfx
TradeMonitor: V88
TradeMonitor Preset: Daily by mrdfx
Broker: Roboforex, FXPro
Today: without trade
32 traders viewing now