Biting the Big Apple - XAUUSD M1 trading London close / NY open

I seem to have lost the arrows, none coming up on the charts. They were appearing until today so the indicators are still there. Anybody else had this happen?

On MT4 or TV

MT4, is it available on trading view? thanks for the reply.

XAUUSD M1
MT4 works well. Maybe you have any additional Indi?Or EA?

I sorted it out, now, loaded a fresh version and its working again

Hi Isabella D
Did you test this system yourself ?

Good morning, thread.

6:20am here and i am just waking up to see there has been a lot of posts in here, which is nice to see.

I would like to reply however today is a big day and i have much to do...my father-in-law turns 80 and my nephew turns 12 months on the same day, there is a big party planned. Four generations meeting together to celebrate. I will have time on Sunday to return here and answer.

I am excited about the challenge starting Monday. Don't forget there is a new demo challenge now available through TFT (The Funded Trader) if people want to try this new option instead of FTMO.

Enjoy your weekend, everyone.

Hi Mhmdghaeni,
nice to see you here. Yes, I have tested it.
What was important to me was not how much money I could earn, but rather how I was able to read the charts and "translate them into trades". I'm done with that and will take part in the challenge (demo-exercise) announced here on Monday. I would encourage you to come here too if you have time.
Have a nice weekend

That sounds beautiful. Have fun with each other. I wish you alle peace and a happy time, especially for your dear relatives' birthday.

Thanks so much kirkleaforex for your forum and an excellent strategy for sharing to the entire community, I can see excellent potential if we utilize well. I tried GC few trades this morning. Nice results.

Thanks again and God bless you and your family.

|

Thanks so much MachineLearn for your Trading view chart, looks amazing, need to explore , I tried few GC contracts today, your indicators collections were phenomenal you have covered "Biting the Big Apple on your TV template", Greatly appreciated. I need to explore more on your indicators in the template. I am trying to cusstomize with different assets tick data to trade Indices ( NQ/ES/YM) Energy ( CL,NG). Once I learned your TV template and related indicators I will try.

the indicator will only work when used with XAUUSD.

Thank you for Reply
Pretty sure I will be here .

Very busy yesterday, will try to get something to you guys today…

If you could provide links to these indicators as well as settings, that would be great. I can code this into one TW signal indicator.

wow that would be great

This is the arrow indicator based off of volume and momentum like the OP.
Uncheck background colors and Change spike markers to white

https://www.tradingview.com/script/b...Arrow-Entries/


For the currency strength , I've been correlating the 14 Period RSI between EURUSD and GOLD and using this deviation as a measurement of strength. Use this indicator and change one ticker to XAUUSD and one ticker to EURUSD, and then change the color of XAU to gold, and the other one gray

https://www.tradingview.com/script/c...SI-Compare-X2/


For TICK data, I'm using a script that shows live tick data only useable during live market..Using the arrow on the indicator window I move this to the top of my screen
https://www.tradingview.com/script/S...Data-Detailed/

For WAE I'm using TradingViews most popular WAE script and you can keep it default, or change colors to your liking..
https://www.tradingview.com/script/d...losion-V2-SHK/

The way I use the system on TV is as follows (for long):

During NY Open I wait for Gold's strength to rise as USD falls. This will be found on the currency strength indicator and gold should be above 50 making an upward direction and EURUSD should be below 50...

The WAE should be above the the explosion zone and be green...Better if it's the first bar crossing the explosion level

If both of those things are true we enter on an up arrow signal, using Heikin Ashi candles

There's obviously some more things, but you can learn apply as you will

Hello thread. Hope you each had an amazing weekend.

For those following along with XAUUSD only I have a little gift for you, which is an updated indi version (Biting the Big Apple V2.0) allowing a user greater control of the indi by allowing you to experiment with different values for some of the indicators.

The available list of input fields is now as follows: (please note I am unable to offer input fields for the Waddah Attar indi as there are just too many and it would make this all too confusing for users).

1) PLOT_MAX_BARS_BACK - set this value to how many bars back in history you want arrows to appear (ideal for backtesting). Default is '5000';

Entry Alert Inputs - the following input values are related to trade entries only

2) BullBearPeriod input field - now you can enter your own BULLBEAR HISTO period value to test with your own strategy - default is '13';

3) 3 x TVI (Tick Volume Indicator) input fields - tickR, tickS and tickU - you can test these out also - default values are '13', '13', and '3';

4) TickVolumeHistory - default is '5000'. Change this value to ensure arrows appear as far back as you need them to. It is best to match this value to the PLOT_MAX_BARS_BACK value above.

5) VolumeThreshold - will limit arrows appearing based on the MT4 Tock Volume for each candle. Default set to '0' as I personally don't use it, but it could be useful in filtering out arrow alerts if you only want high volume tick value arrow alerts appearing;

Exit Alert Inputs - the following input values are related to trade exits only.

Note: these potential exit alert signals are based on the Stochastic Oscillator being 'Overbought' and 'Oversold', which I appreciate is not everyone's 'cup of tea'. In particular when there is a very strong move happening in one direction and the Oscillator values are hitting these extreme values continuously for an extended period of time, there will be many 'misleading' exit alerts appearing. As such if you would prefer these alerts did not appear you can always change the Blue and Red colour values in the BTBA indicator settings to 'None'.

6) StochK - the value of the Stochastic Oscillator %K period value - default value is '144';
7) StochD - the value of the Stochastic Oscillator %D period value - default value is '3';
8) StochSlowing - the value of the Stochastic Oscillator Slowing period value - default value is '3';
9) StochBuyExit - can be used as a potential BUY exit strategy. When there is a RED 'X" appearing, consider closing your trade. This alert will only appear if the Oscillator value hits an Overbought value of '100' at the close of a candle;
10) StochSellExit - as above, but for Sell Exit. When there is a BLUE 'X" appearing, consider closing your trade. This alert will only appear if the Oscillator value hits an Oversold value of '0' at the close of a candle;
11) StochBuyExit2 - can be used as a potential BUY exit strategy. When there is a RED 'X" appearing, consider closing your trade. This alert will only appear if the Oscillator value hits an Overbought value of '98' at the close of a one candle, and then the Overbought value DECREASES at the close of the next candle. Lowering this value will decrease the sensitivity of this exit alert signal and will result in more 'X' appearing;
12) StochSellExit2 - as above, but for Sell Exit. When there is a BLUE 'X" appearing, consider closing your trade. This alert will only appear if the Oscillator value hits an Overbought value of '2' at the close of a one candle, and then the Overbought value INCREASES at the close of the next candle. Raising this value will decrease the sensitivity of this exit alert signal and will result in more 'X' appearing.

And lastly, the Alert Time filter has 4 individual values which you can set so arrows only appear during certain session times:

13) Start_From_Hour - default '13'
14) Start_From_Min - default '0'
15) End_To_Hour - default '16'
16) End_To_Min - default '59'

(These values have been changed slightly from 'NY From...' to 'Start From...' etc for when the BTBA indi is being used outside of the NY session).

The default 'From' values of '13' and '0' represent the NY open time for the broker I use (FTMO) and '16' and '59' are my chosen closing 'To' values. With FTMO server times these values capture the bulk of the trading volume during the NY opening session. You might want to change these values to test the London open if preferred, but please be mindful and only choose session times where there is considerable volume in the market.

Changing both 'From' values to '0', and the 'To' values to '23' and '59' respectively, will mean arrows will appear all day. You will need to work out for yourself which values work for your broker's server time if you want to limit them to appear only during certain session times.

And lastly, but most importantly - AS ALWAYS, USE THIS INDICATOR AT YOUR OWN RISK. The arrow alerts have been working well in recent times but we are now only weeks out from Christmas - seasonal volume will continue decreasing, markets will continue to consolidate and become more choppy / less reliable, and more losses are likely. DEMO ONLY PLEASE, (at least until January).

____________________________________________________________________________________________________________________________________


In addition to posting to the latest indicator version 2.0 I am also posting the .mq4 versions of the indicators that are being used by the 'Biting the Big Apple 4.1' code. I am only doing this as some people may wish to test out individual indicators and discard others in creating their own strategy. (Please note I am not posting any .tpl files, this will be for you manage yourself).

If you have already downloaded these individual indicators in the past you will need to download these latest versions and replace the ones you have in your /Indicators folder to ensure everything works as it should.

You will need to have ALL of the attached indicators downloaded and copied into your /Indicators folder for the BTBA V2.0 indicator to function correctly.

Keep in mind that changing any existing settings and then compiling the individual indicators will NOT affect how the main BTBA indicator functions. The main BTBA default values are 'hard-coded' within the BTBA and need to be changed in the BTBA settings if you want to test different values and see the results on the screen. If you update / compile any individual indicator's settings you will need to match those changes within the BTBA indicator so the alert settings match and the arrows appear correctly.

Here is a list of the individual indicators that go into making up the main BTBA indicator:

1) BULLBEAR HISTO: utilises quite a simplistic formula which measures the absolute value of BullsPower vs BearsPower (over the last '13' bars) , and if the resulting value is > or < '0' it counts as one criteria for a Buy or Sell arrow appearing in the main BTBA indicator.

2) Tick - Volume Indicator: 'borrowed' this indicator from 'another' online FX forum (sorry FF)! Buffer '6' is referenced here, and if this is > or < '0' it counts as another criteria for a Buy or Sell arrow appearing in the main BTBA indicator.

3) Waddah_Attar_Explosion_BT: again, this indi has been 'borrowed' from elsewhere and the code modified only very slightly. The criteria for a valid arrow alert inside the BTBA is as follows:
a) for a BUY - histogram needs to be Blue and above the Yellow 'explosion' line;
b) for a SELL - histogram needs to be Red and above the Yellow 'explosion' line.

Please note this indicator has code for a ON/OFF button which I have not been able to successfully remove. Until I can achieve this there will be an annoying button appearing when you load the BTBA indicator, which has no effect on anything.

4) Currency Strength Lines XAUUSD: this indicator has a smoothing effect on signals, causing them to appear slightly late in some instances, but it also helps to ensure that some false signals are filtered out.

When the GOLD (XAUUSD) line moves above or below the DARKGREEN (USD) line it is another criteria for a Buy or Sell arrow appearing in the main BTBA indicator.

Unfortunately it will only work when the user's 'Gold' instrument appears as 'XAUUSD' in their Market Watch. Unfortunately it will not work if it appears as XAUUSD.i, or GOLD, or anything other than XAUUSD.

I need to find a clever coder who can help me fix this so anybody with any broker MT4 platform can use this. If you have a different instrument name for XAUUSD and you would like to use this BTBA indicator, let me know how exactly the XAUUSD instrument is displayed in your Market Watch and if I have the available time I will see whether I can make a version for you to use.

Additional criteria:

5) Candle's Closing value must be either > OR < its' Opening value.

For any closed candle, the closing value MUST be higher than its' opening value for a BUY arrow alert, and the closing value MUST be lower than its' opening value for a SELL arrow alert.

6) MT4 Tick Volume - I have included this in the code in case someone finds it useful, although I don't personally use it and I keep it at the default value of '0'.

Using a value of '150' will help filter out some arrows during slower session times, but as this strategy was built around entering trades during the NY open / London close overlap, enough volume is already there and this portion of the code is fairly redundant.

ALL OF THE ABOVE CRITERIA MUST BE MET AT THE CLOSE OF ANY ONE CANDLE FOR AN ALERT ARROW TO APPEAR. I have tested all indicators on a fresh MT4 installation with a different broker and they are appearing correctly.

HAPPY TRADING to you all and I look forward to seeing some of you in here later for the start of the Prop Trading Demo Challenge, starting at today's NY open session.

FTMO DEMO CHALLENGE STARTING TODAY - DECEMBER 11 2023

Hello to everyone interested in trying out the BTBA indicator on a Demo Prop Firm challenge.

I have just opened a fresh demo account with FTMO (see screenshots) and am keen to get trading during today's NY session. My aim in this challenge is to PASS it within 1 week using just the BTBA v2.0 indicator arrow alerts.

It is a very mechanical scalping strategy so it should not need you to rely on your discretion - if see a White arrow, you enter a BUY...if see a Black arrow, you enter a SELL. There are hard and fast SL and TP rules. You get in, you get out, you bank those gains and accept any losses and move on. There's no room for emotions here.

The criteria I am using for myself are those as I have previously outlined in Post 1.

- XAUUSD trading ONLY
- trading NY open for maximum 2 hours - (EDIT...BUT NO NEWS TRADING! I personally stop trading 15mins before and start trading 15mins after major news).
- Risk is 1% per trade
- SL is 100 pips
- TP is 110 pips (equates to 1% profit plus some additional to cover the spread)
- CEASE trading when account hits EITHER 2% gain OR 2% loss for any one trading session. (This means you will need to be trading a minimum of 3 trading days to make your 5% profit and pass the challenge).
- you PASS your demo challenge when your account hits 5% profit. If and when this happens you CEASE all further trading.
- I will be posting my screenshots each day, whether positive or negative. I invite you all to do the same.

FYI FTMO accounts are leveraged at 1:100.

I recommend downloading the latest version of the BTBA indicator V2.0 from Post #138 along with all other separate indicators used by the BTBA indi that are linked in that Post.

You are welcome to have the individual separate indicators loaded at the bottom of your screen as an additional visual confirmation, but the arrow alerts should be enough to rely upon without needing these other indis loaded.

DISCLAIMER: anyone who has been trading long enough will know how challenging trading can be at this time of year. This exercise is simply a test for people to use this indicator in a simulated environment and get a feel for how it works. I plan on running additional demo challenges in January once markets have returned to normal.

IMPORTANT: This strategy will hold a 'mirror' up in front of you, reflecting back exactly who you are as a trader.

- What happens if you take a 2% hit your first trading day? Will you be tempted to revenge trade and try and recoup your losses?
- What happens if you make your 2% profit your first trading day? Will euphoria get the better of you, and will you continue trading?

There's always another trading session. There's always another opportunity to come back and try again. Learning to let go of the urge to be always in the market can be a challenge in itself, but it's a must-have skill in your emotional toolbox if you want to make this work over the long-term.

If you manage to make 1% profit in a week that is far better than a bank will ever give you. Be kind to yourself - if you take a hit, come back the next day fresh and start again with a clear head.

Let's all try and treat this demo challenge as if it were your live money on the table, and get into some good habits. There's so much reward on the table if you can just manage your emotions, and getting into the practise of trading as emotion-free as possible is a skill worth developing.

WISHING YOU EVERY SUCCESS

Kirkleaforex
Coding is not my game but if your set up was calling the attached would that clear the annoying button?
Regardless thanks for your unselfish effort here, I am making pips and hope others are too.

Phil