hi, i have rented your Dash

you have any suggestions regarding the combination of the 3 CSM?

I'm doing the tests with 5min / h1 and h4, and another test with H1 / H4 / D

So you are planning to continue the development of your dash?

Thanks for renting my product.

You are doing correctly. For short-term trading method,  choose 3 short time-frame CSM to monitor currency strength and identify possible trend; while for long-term trading method, it better to use H4 and higher time-frame CSMs. The performance of this Dashboard greatly depends on the session of your trading, trading pairs, and TP and SL for single pair/basket. So you'd better try out and adjust them to fit your own trading manner. 

A few suggestions:

• Better to trade from London Open to London Close for its high volatility.
• Better not trade on Monday for its low volatility and trend is still not clear during Monday for most of time.
• Choose broker offering low cost (spread, commission, etc)

For your question "so you are planning to continue the development of your dash?".

Yes, I will continue to develop my Dashboard based on your suggestion and feedback. 

Regards,

Wang Yu 

Hi is look good

You need to add Trailing Stop and Breakeven,

Thanks for feedback.

I'll try to add these two features in the next version after evaluation. 

Hello, any explanation on how all 3 csm are calculated?

Let me show you an example. Among the 28 pairs, there are 7 pairs with USD currency, which are paired by USD and other 7 major currency. Name the 7 USD pairs as USD_Pair_1, USD_Pair_2, USD_Pair_3, USD_Pair_4, USD_Pair_5, USD_Pair_6, and USD_Pair_7. 

To calculate the CSM value of USD in H1 timeframe:

1. Range = iHigh( USD_Pair_1, H1) - iLow( USD_Pair_1, H1);
2. Ratio = 100 * (  iHigh( USD_Pair_1, H1) -  iLow( USD_Pair_1, H1) ) /Range;
3. Convert the ration into value:
   1. if (ratio > 3.0)  fact1 = 1;
   2. if (ratio > 10.0) fact1 = 2;
   3. if (ratio > 25.0) fact1 = 3;
   4. if (ratio > 40.0) fact1 = 4;
   5. if (ratio > 50.0) fact1 = 5;
   6. if (ratio > 60.0) fact1 = 6;
   7. if (ratio > 75.0) fact1 = 7;
   8. if (ratio > 90.0) fact1 = 8;
   9. if (ratio > 97.0) fact1= 9;
4. If USD is quote currency in this currency, e.g. EURUSD
1. fact1 = 9 - fact1;
5. Repeat step1-4 for the remaining 6 pairs to get fact1, fact2, fact3, fact4, fact5, fact6, and fact7.
6. Then average fact1, fact2, fact3, fact4, fact5, fact6, and fact7, you will get the CSM value for USD

Hope this explanation of CSM calculation is clear for you.

Regards

Wang Yu 

Hi very interesting tool.

I'm currently thinking of buying but need to know a few things.

Money management from your description looks quite basic. Can you select percentage of Balance/Equity to place trades?  Say I only wanted to risk 0.5% per trade can I set this up in the dashboard or do I have to continually manually calculate this value?

I really like basket trading and like this feature. Regarding SL, not all currencies are equal. I like to trade at % of a particular period ATR. For example if I wanted to place a stop loss on any currency at 10% of a 20 x day ATR or 5% of a 5 x 1H ATR or any other combination can you do this in the dashboard or would I have to manually calculate this again.  I appreciate that you could use basket SL but placing the same amount of lots on each currency is sheer madness given the wide variety of volatility of each pair.  I have personally feel that the best way to equal the playing field is to trade at a 20% of a 20 day ATR. So if 20 day ATR is 70 then I would risk 0.5% of my account set on a 14 pip SL even though if I'm basket trading I may not use the actual SL but use it for lot calculation purpose if you see what I mean.

Hello, this tool I rented for try it out.

N‌ow I have found a mistake (for me is a mistake), the image below are maked 13:03 h.

You can see that all 3 times have the same values. If the autotrade is on, all the currencys are traded. Very bad.

T‌he same problem with values H4, D1, W1 on Monday. D1 and W1 is the same data at any time.

I‌f the values start counting on Monday or change the value on each fix hour/day/week, I will never have exact data!

D‌o you understand what I mean?

‌Please look for the image:

‌

Hi Wang Yu,

Really want to try this apparently great tool and maybe if fits my needs will purchase it. But did you solved the issueJanya1958 has found ?