CCFp weekly signals (set and forget basket trading) | Page 985 | 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)

  • #19,681
  • Edited 2:21am Oct 9, 2020 1:28am | Edited 2:21am
New ma based version of CMSM (ver 23.xx) that comes with a new core logic will be uploaded on Sunday.
  • #19,682
  • Oct 9, 2020 1:36am Oct 9, 2020 1:36am
Quoting eagle85
New York Session TradeMonitor v80 Indicator: CMSM v22.01 Trade Level=3 100 Pip Daily Target Not Met (25.9) {image}
hello eagle85, I've been following for a while without intervening in this really interesting post for me as a beginner, but I see that your results seem the most consistent and interesting , could you send me your set files in pm (if possible) by day and week? with also indicated the settings of the csms if different from the standards to test them? thank you, have a nice day
" Gutta cavat lapidem non vi, sed saepe cadendo. " " Per ardua ardens "
  • #19,683
  • Oct 9, 2020 2:36am Oct 9, 2020 2:36am
Much appreciated, been using 17.02 and like the consistency of it.

If I may ask for small cosmetic reversal - in 17.03 you introduced composite index for showing FX pair strength ranking. If I may suggest, 17.02 way of showing Cur1 strength level and separately Cur2 strength level (see yellow box in attached screenshot) is at least for me way more informative as it is immediately visible actual absolute strength level of one currency vs other. It helps me to determine quickly how MUCH the currencies are exceeding the pre-set trade level. In a way it is redundant info, because individual strength levels are displayed left in the column but it is probably down to how I process visual information.

Individual currency weights are very useful from 17.03.

Many thanks for your efforts and good luck going forward!

EDIT: Aha, now I see that the change concerns PA logic indicator. Feel free to disregard my post, or consider when you feel like updating 17.XX as well

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB



Quoting grandaevus
New ma based version of CMSM (ver 23.xx) that comes with a new core logic will be uploaded on Sunday.
  • #19,684
  • Oct 9, 2020 2:39am Oct 9, 2020 2:39am
Good morning all. Wishing you another successful day.
Garndaevus, thank you for your help yesterday and the release of a new version on Sunday.
Mrdfx, also for your continuous support.
Attached is my screenprint this morning and everything is on default for your kind perusal and comments, please.
Hercs.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB
Hercs
  • #19,685
  • Oct 9, 2020 3:37am Oct 9, 2020 3:37am
Quoting Hercs
Good morning all. Wishing you another successful day. Garndaevus, thank you for your help yesterday and the release of a new version on Sunday. Mrdfx, also for your continuous support. Attached is my screenprint this morning and everything is on default for your kind perusal and comments, please. Hercs. {image}
Indicator is working as it should be. I can't say anything about the ea since I don't use an expert advisor while trading.
  • #19,686
  • Oct 9, 2020 5:28am Oct 9, 2020 5:28am
Quoting grandaevus
{quote} Indicator is working as it should be. I can't say anything about the ea since I don't use an expert advisor while trading.
You just answered my question; something I have been suspecting for a long time.
Continued success to you.
Hercs.
Hercs
  • #19,687
  • Oct 9, 2020 7:35am Oct 9, 2020 7:35am
This has been an interesting week with no daily baskets triggering this week. I can't remember the last time we had a week with no trade the whole week. Well I guess it was one of those weeks where it was best to sit out and wait. I didn't make any profit this week with this strategy, but I also didn't make any loss so I'll take it and SOH for next week.
Truth is like poetry. And most people f*cking hate poetry.
  • #19,688
  • Oct 9, 2020 8:08am Oct 9, 2020 8:08am
Not trading is also a choice and a good one sometimes

My modded daily live account triggered this week 4 real baskets. I pulled a plug on 2 of those due to only 2-3 pairs being in the basket. 1 time I got SL. Today would have got massive payback during NY session but being the whole day at -2.5% DD made close the basket at breakeven during NY open. Only to watch the profits rocket away. Oh well, should have trusted the indicators, which did not change their mind all thru the day.

Enjoy the weekend!


Quoting mrdfx
This has been an interesting week with no daily baskets triggering this week. I can't remember the last time we had a week with no trade the whole week. Well I guess it was one of those weeks where it was best to sit out and wait. I didn't make any profit this week with this strategy, but I also didn't make any loss so I'll take it and SOH for next week.
  • #19,689
  • Oct 9, 2020 4:41pm Oct 9, 2020 4:41pm
New York Session
TradeMonitor v80
Indicator: CMSM v22.01
Trade Level=3
100 Pip Daily Target Not Met (49.7)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 18 KB
Click to Enlarge Name: Screenshot2.png Size: 23 KB
  • #19,690
  • Oct 10, 2020 3:02am Oct 10, 2020 3:02am
Quoting grandaevus
{quote} 1) imagine there's only 4h time frame in mt 4/5 and someone asks you to calculate 3 period daily ema. You can't switch to daily chart and put a 3 period ema indicator so there's only one option left which is using 3 × 6 = 18 period ema on h4 time frame.(4h x 6 = 24h = 1day) In CMSM we use multiplier to find the direction of trend in higher time frames. 2) you don't need to use any other additional filters while using CMSM since CMSM calculates and shows the exact situation of the currency strengths at that moment. It's always good to be...
Hello grandaevus,
Very useful description on how you use your indicator for manual trading.
Just a couple of questions:
1. do you rely on the 17.03 indicator or you also take in consideration 22.01?
2. What TF is best based on your experience? Weekly, Daily, or a combination of more than one (e.g. Weekly and Daily together)?
3. Lets say you take in consideration 17.03 Weekly, and lets say its Tuesday, and you have the first two suggestions Buy gbpusd, Buy audusd, do you wait a time period or do you just wait for a low of the two pairs and buy lets say on a strong support?
Thank you,
Marco
  • #19,691
  • Oct 10, 2020 11:17am Oct 10, 2020 11:17am
Quoting mrdfx
{quote} {quote} {quote} {quote} {quote} {quote} {quote} Hey guys so for those of you that have been following my journey to find a successful and consistent daily set will know its been a long one! For nearly 3 years I've been searching for a set up than can be traded everyday successfully. I think I must have tested hundreds of various settings over the past 33 months, sometimes getting close, but not quite there yet until now! All my time and effort has finally paid off and I finally have a consistent profitable daily setting. This setting...
Is the European session open or after an hour? Thank you
  • #19,692
  • Oct 10, 2020 11:55am Oct 10, 2020 11:55am
Quoting sasha1
{image}
Manual trading?
Swimming with sharks!
  • #19,693
  • Oct 10, 2020 11:56am Oct 10, 2020 11:56am
I think we need a telegram group for the trading discussion. Anyone interested?
Swimming with sharks!
  • #19,694
  • Oct 10, 2020 11:57am Oct 10, 2020 11:57am
Yes
Everything is very simple
  • #19,695
  • Oct 10, 2020 12:09pm Oct 10, 2020 12:09pm
Quoting sasha1
Yes Everything is very simple
Can you explain the methodology bit more?
Swimming with sharks!
  • #19,696
  • Oct 10, 2020 12:31pm Oct 10, 2020 12:31pm
W1 shows the general picture of the trend direction. D1 shows when to enter. That is, how the same instrument appears in D1, you need to look at the chart (evaluate) and you can enter.
Sorry I do not speak English. Through a translator.
  • #19,697
  • Edited 2:50pm Oct 10, 2020 1:49pm | Edited 2:50pm
Here's what I found from Grandaevus past posts on how he uses the CMSM indicator manually. There is also some information that is useful. I don't know if he's still trading like this or changed versions of the indicator but the last I read from this thread was that he was using CMSM 20.03. (It will be nice if he gave us an update on what he's using these days and how's he's using it). Search for these posts.....

14,945
14,946
14,961
14,962
15,550
15,606
15,675
16,642
16,650
16,661
17,440
18,504


Edit: Mrcubl basically has it pegged in his post above. If the Weekly Candle is Green, wait for price somewhere around Support or where ever you think PA tells you the bottom is and enter Long. I believe Grandaevus uses Pivots to assist in his entries.
  • #19,698
  • Oct 10, 2020 10:22pm Oct 10, 2020 10:22pm
Quoting mrcubl
{quote} Hello grandaevus, Very useful description on how you use your indicator for manual trading. Just a couple of questions: 1. do you rely on the 17.03 indicator or you also take in consideration 22.01? 2. What TF is best based on your experience? Weekly, Daily, or a combination of more than one (e.g. Weekly and Daily together)? 3. Lets say you take in consideration 17.03 Weekly, and lets say its Tuesday, and you have the first two suggestions Buy gbpusd, Buy audusd, do you wait a time period or do you just wait for a low of the two pairs and...
1) I use ma based CMSM ver 23.05.

2) My preferred time frame is weekly.

3) I try to cath corrections in 4h time frame while looking for strong support & resistances in D1 time frame.
  • #19,699
  • Oct 10, 2020 10:39pm Oct 10, 2020 10:39pm
CMSM V23.05 for Mt4 & Mt5

Successor of ma based CMSM ver 17.xx.

Changelog:
Updated core logic.

Reduced memory usage.

Attached Image (click to enlarge)
Click to Enlarge Name: CMSMver23.05.png Size: 31 KB


Attached File(s)
File Type: ex4 ###CMSMIndV23.05.ex4   63 KB | 1,215 downloads
Attached File(s)
File Type: ex5 ###CMSMIndV23.05.ex5   115 KB | 625 downloads
  • #19,700
  • Oct 10, 2020 10:48pm Oct 10, 2020 10:48pm
Thanks for version 23,05
1 trader viewing now