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

@ Strom : Everything is possible but as I stated I tried to keep this Dashboard as simple as possible and to code only Al rules.

I have coded some much more complex Dashboard with a lot of options but at the end when there are too many options it is almost always a failure.

The best way to go from my point of view is to have a Dashboard EA like this one and to use it semi manually. You let the Dashboard open the trade for you (at least if you are not in front of the computer when there is a signal the Dashboard open the trade for you). And then when you are in front of the screen, if you are not comfortable with the trade you can decide to close it manually.

1: In the DB you have a red cross (at the bottom) which allow to close ALL trades, and when some trades are open, on the left of the floating results, some red crosses will appear also, and allow you to close only the pairs trades (please check my previous screenshots you will see them).

2: For the time being I wont code any ADR filter (excepted the one already coded). Best thing is to add or remove pairs from the Dashboard list of pairs. Lets play with this tools first, and once we have some stats we can discuss a potential additional ADR filter.

3: To go further with the ADR filter, we can also imagine a TP according to the pair ADR (the current TP of 40 pips is around 1/3 to the ADR of GBP pairs), so we can imagine to have a dynamic TP of the pairs ADR. But thats for later once we have stats ;-) For SL I have no view at the moment, we only have the opposite signal in the DB at the moment.

Cheers,

You're right @Gringoh. Let's start testing this method first. Thx for your answer.

Just for info, here what a dynamic ADR calculated on the basis of the average ADR x 25 % would look like:



It might be a good idea to use it as a Dynamic Take Profit, lets discuss that tomorrow ;-)

Have a nice evening guys.

Thank you for your incredible creation. You have a great evening, as well.

Very good idea

Greaat Great job Gringoh. I thought it was not possibleto use this DB because of blocks of thr mrt4 like the previous one. but i see it is working finely, i am going to sleep lleaving it as EA on demo account for now, God bless you!

SP

hello
Could someone please explain to me the settings of stochs and on what readings the cci displays red and blue bands ?
much appreciated

(I cant use MT4 and I have to create the whole thing using multiple indicators)

*fixed* signal counter is "resetted every day"

example: when there was a buy arrow at 10pm yesterday and the next buy signal occurs today on 1am there is now a new buy signal/arrow shown in the chart

Thanks Jagg, is there anyway to fix the many many alerts per signal I get still on this indicator?

you get many many alerts on one bar with Almo_CSC_with_Alert_v1.01j.mq4? Can't believe that

I did a test for you (with modified indicator so I get an alert) and it worked as it should.
All alerts in settings activated, I got
* one alert window in MT4
* one alert as email (gmail)
* one alert as push on my android phone

So which alert(s) you get many times (and which alert(s) you set to true in indicator settings)?

Great idea, with those feature we can maximize pips gain.

@Jagg: Is it possible to make a target Arrow/line according to the ADR in the dashboard?

hi guys

on a lot of the pairs, the CCI 7777 is blank, even if a scroll back a fair bit. any idea how to correct this?

Hi mate how do you get signal via your android

please i need help on that,its first time for me use signal via cell or email

kindly help me mate

thanks in advance

Al.

you fixed the 3cci indicator its gave lot of false signals,l i meant if you can fix the original 5cci indi its better than 3 cci, this one is better not to use cause its not

match my system..

Cheers

Al.

history center MT4 download history

i think its will helpyou

Cheers

Al.

unfortunately this does not fix the issue :/

Sh*t... uploaded the wrong indicator (this was a special one for a specific user here). Deleted that one in my post above and uploaded the correct one Almo_CSC_with_Alert_v1.01j.mq4

Sorry

https://www.forexboat.com/mt4-email-alert/

hi Almo i hope it is useful to you
SP

Hi Guys,

Here is an update for today. I have fixed a glitch and added the Dynamic ADR TP. Now I think we have a good candidate for a week test starting next week. I am going to set 2 DB on my VPS, 1 to test the pairs recommended by Al with a fix TP of 40 pips, and a second test with the 28 standard pairs with a Dynamic TP of 25 % the average ADR.

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Fixed Glitch
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Yesterday when I have updated the DB to limit trades to 1 buy in Trend and 1 sell in Trend I have forgotten that when you open a trade according to Al rules you were opening a buy and a sell at the same time, so trading would have been limited to 1 trade in Trend only. Now this version fix this issue and trading is limited to 1 buy and 1 sell in trend with their CTT leg.

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Dynamic ADR
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As discussed yesterday, I have included a Dynamic ADR TP. This option can be useful to test how the DB performs with the 28 standard pairs. In OOTB setting the % is set at 25 % the average ADR value which is, from my point of view, roughly the TP that Al is using for the recommended pairs. I have also included a minimal and maximal value for this Dynamic ADR TP in order to avoid abnormal value when there is an abnormally low or high average ADR (which occurs from time to time). There is also an option to display those Dynamic ADR TP value on the right side of the DB (as in my previous pic). On default this option is on false to avoid cluttering the DB. You can also see this value if you hover your mouse over the various average ADR values.



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Session filter
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Here is a quick note for guys who want to test the session currency filter. The dashboard is using an automatic GMT offset calculation to see which sessions are open or not. Based on that some pairs are allowed for trading or not. In the screenshot below, you can note that only London session is open (Green color). In the DB settings, you can note that during London session only EUR, CHF and GBP currencies are allowed for trading (you can note that those currencies are in Green below sessions time on the DB). The result would be that only pairs which have one of those currencies in the base or quote would be allowed for trading.

Those settings in the DB are the most common ones which make sense. However, from my point of view this session currency filter would be more useful during Asia session than during London and NY sessions, which mean you would probably want to allow all currencies for trading during London and NY sessions.



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Technical note
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In the dashboard, the signals are checked this way:

If the previous closed bar has a signal and the bar before do not have a signal, then this is a valid signal and it is highlighted in Red or Lime on the DB.

If the previous closed bar has a signal and the bar before has a signal, then this is a continuation signal (not a valid signal to enter a trade) and it is highlighted in Teal or Pink.

The dashboard is not checking for the first signal of the day (for CPU issue). If your dashboard is running 24/24 a day, as the dashboard is limiting trading to 1 in trend buy and 1 in trend sell a day only the first valid signals would trigger a trade. It also means that if your guys are launching the DB in the middle of the day the DB might trigger a trade with a signal which is not the first signal of the day.

Hope it make sense.

Only 1 DB option was not tested yet as I didnt had a setup to test it yet, the opposite signal trade.

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Additional filter
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As I said above I think this DB is ready for a forward test. I dont plan to add any other options for the moment as we have already all Als rules coded and even more.

From my experience, all Dashboards monster with tons of options are always failure, so lets try to keep it simple.

Off course we are people with an open mind here and any suggestions are welcome, and off course if Al has other ideas I will update the DB ;-)

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My settings for my test
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You can also find attached in this post my 2 sets files.

1st set file: Pairs recommended by Al with a fix TP of 40 pips.
2nd set file: 28 standard pairs with a Dynamic TP of 25 % the average ADR.

I am also using a time filter from "+8.00,-17.00" (my local time) which is from Frankfurt open until London Close.

PS: you can note that there is a small clock at the bottom of the dashboard below the Pairs labels, if the clock is green trading time is on, if the clock is red trading time is off.

Cheers,
G