CSC Method (Cci,Stochastic,Combo) Almo Version and methodology

Hi Jagg,

Please see attached image. You will know what we mean. I think its indicator which gives signal on current open candle so that is the main issue and as soon as if price close below or above its changing the color. so in this case we need signal at closing candle and not open candle...



thanks

UC Sell...open

anyone again in with me?

thanks

EU&GU buy signals, lets try that out

EDIT: also, how do we trade on news days? like NFP, todays GBP news etc...

Ha!... i could be using a different indicator, I am using Berrtje indicator.

Almo, Which indicator are you using?

GU buy...got 3 open in total...yesterday also i took 3 ....

lets see today's results...

thanks AL for sharing your strategy...

god bless you...

why'd you take 3 long trades on a single pair?

i think it should be like this: you had 1 signal on GU long yesterday, it should've won (atleast mine did). then you ignore the second signal that came yesterday, cuz its against the rules, and today you would've taken the signal which was generated.

correct me if im wrong

sorry for confusion...i was mean...i am in UJ, GU and UC so total 3 pair trading...

oh, haha, thought so

im also in on 3 pairs, EU, GU, UJ

UJ done...what about you?

GA sell open...

GU does not look good....

congratz, u got in around 112.650? I got in on the second signal (makes me wonder, if i miss the first signal of the day, cuz i wasnt awake then, do i reject second the signal, unless its in the opposite direction?)

yup, but atleast you've also opened the counter-signal trade?

and thats what i ment trading the news (maybe ignore the signals on pairs that the news affect on certain day?) - GU long and GA short; depending on the news one of them is going to TP

I adjusted the SL on the GU trade. In case it reverses I am not completely without something.

Yes correct...i got in 112.657 and as per the rule we should avoid second signal in same direction

No i did not open counter trade. I know this against the rule of system but i am still learning that part because what i am thinking is...as he explain in his video that if we open 1.0 lot in sell then we need 0.33 buy but as per my experience it is very hard for me to manage opposite trade. so i thought to open 0.67 lot sell instead of opening 0.33 buy trade...even if market crash you are risking 0.67 lot so why dont i manage my own money, leverage to control the risk so only lot management i managing my own way...

Sorry Almo but it will take time for me to manage risk according to the system...

thanks

oh okay, i got that part wrong then, thought that it ment not to open 2 trades in the same direction on the same pair.

disadvantages of sleeping when signals appear

EDIT: closed my trades and im break-even with yesterday

Hi Guys,

Here come a dashboard EA.



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First:
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@ Al: Many thanks for sharing this simple strategy with the community, let see if it is consistently profitable in the long run ;-)
@ Emonts: Many thanks for sharing a first Dashboard ;-) I do not want to compete with your Dashboard here, I was coding a Dashboard EA on my side and I saw that you shared a Dashboard also. I thought I would share it also instead of keeping it for me

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Dashboard Settings:
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Dashboard settings are really straight forward. Here is a quick description of the main functions.

This Dashboard comes as an EA so please install it in your MT4 experts directory.

In OOTB (Out Of the Box Settings):

- During initialisation, the Dashboard will download historical data from your broker to make sure you have enough data to have the correct calculations. If you are using a fresh MT4 installation, it might take a little bite of time the first time you launch the Dashboard.

- You can place the Dashboard on any timeframe as the settings for the timeframes used for calculation are coded in the EA (inside EA settings).

- This Dashboard EA can be used as a Dashboard only which generates signals or as an EA as well. In OOTB settings EA mode is turned off.

- You can changes the list of pairs to display the 28 standards, for this first version I have hardcoded the list of pairs suggested by Al.

- in the floating results panel, when trades are open you will notice small red crosses, a click on it would close the open orders.

- In the info panel the dashboard displays:
The current spread (in Orange if it is higher than the average spread)
The average Spread
Today ADR (in Orange if it is higher than the average ADR)
The average ADR

You have various alert modes available in the Dashboard.

A click on the pair label or on the signal square (when there is a signal) will open the chart of the selected pair, you can specify the template in the DB settings. I am using Al template as default, if you want the template to be opened correctly make sure to install al Indis from post 1.

Dashboard is movable anywhere on your screen.
01 - Click to select the dashboard (a little square will appear in the top left corner)
02 - Let shift keyboard button pressed and left mouse clicked and drag and drop the DB where you want.
03 Unselect the dashboard to make sure display is correct

If you are displaying the 28 standards pairs you have an option to display separators lines to make the informations more visible.

The file comes as a compiled file as I am using some helpers (mqh) to code.

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EA Settings and filters:
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You can filter trades with trading hours, settings are really straight forward. Time filter is using LOCAL HOURS (I can see the questions coming already) as specified in settings.

You can also filter trades per sessions.
The dashboard is using an automatic GMT offset calculation, no need to change sessions time. The DB is using windows OS to get those values, tested on W10 and on my VPS running W server 2012.
Open sessions are highlighted in colors below the dashboard. You can specify which currency are tradable during each session.

I tried to keep the EA settings as simple as possible, using Al suggestions and trade management, however I have added a couple of options (possibility to place SL and TP with trades, options to use a second leg trade as Al is doing).

In OOTB settings:
- all individual SL and TP are on off.
- Fixed MM is used First leg with 0.1 lot and second leg with 0.03 lot.
- Both legs will be closed if leg 1 reach 40 pips.
- Opposite orders will be opened if the dashboard generates an opposite signal.
- Spread filter is on (if current spread is higher than average spread the trade is not open), only applicable for the first initial trade to open.
- ADR filter is off (if on and today ADR > average ADR or distance between Today ADR and average ADR < inputs in EA settings the trade is not open), only applicable for the first initial trade to open.

Trade are open when a signal is generated on last closed candle. There is an option to use the current open candle instead.

I have not fully tested the trade management so be careful and test it

Working perfectly on MT4 build 1031, windows 10, coded with editor 1498.
Dashboard tested on TradersWay which has a suffix i and working fine.

Thats it, there might be a few glitches here or there do not hesitate to report them ;-)

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Additional info:
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I have coded the DB as emonts, please note that the first CCI on the Dashboard is the one with the Slowest period (555) when on Al templated the first one (the upper one) is the period 777.

40 pips as TP sounds good for pairs suggested by Al. For other pairs with a lower ADR the TP might have to be lower.

Have fun,
G

Ok, here is my modified version. I name it Almo_CSC_with_Alert_v1.00j.mq4(j for jagg )

* I've added a new setting to reduce cpu usage (see picture).
* I've changed the indicator to look for a signal at bar -1 (not the actual bar which is forming). So it shouldn't be any arrow on that bar which still is forming.
* There is only one arrow shown in the chart for one direction. So when we have a buy arrow this buy arrow will be the only buy arrow until we have a counter entry signal (sell arrow).

Please test it!

As I was writing my previous post, I just had 3 closed trades in profit and 3 new trades opened as displayed in the pic below.

In the next update, I will include an option to avoid opening new trades once we had a profitable trade on a pair, I think it would make sense.

The pips results are also showing a negative value as it sums up the pips of the buy and sell order considering the spread. In the next update, I might teak that to show only the pip count of the trade in trend direction.

This first test shows that the TP option is working fine in the DB.

Next step is to test the opposite trades mode when we have an opposite signal.

I think it make sense to set trading hours from Frankfurt till 1 hour before London close also. Or maybe to let trading on 24/24 and use the session filter per currency as suggested by Al.

More stats needed…

@Jagg - many thx for greate job!!!!!

One very importent think - EA must trade only on fresh signals and only one short and one long trade / day - no more (it's in Almo strategy).