DislikedAlso I would like to use the "Heatmap". Would be nice to have a timer on top and some "strenght" values. I don't know it's just a suggestion.(-_-)Ignored
The graph already shows strength.
- #2,744
- Dec 4, 2018 12:26am Dec 4, 2018 12:26am
Here is the power of the Market Filter.
I had a long CORE5 basket open but only the X_USD pairs were in the direction of the trade, with the X_JPY pairs being down for the day.
The interesting thing is that if you look closely, the yellow trade line actually looks like it is a losing trade, which it would have been if it had also taken the JPY pairs.
Food for thought.......
I had a long CORE5 basket open but only the X_USD pairs were in the direction of the trade, with the X_JPY pairs being down for the day.
The interesting thing is that if you look closely, the yellow trade line actually looks like it is a losing trade, which it would have been if it had also taken the JPY pairs.
Food for thought.......
- #2,746
- Edited 6:42am Dec 4, 2018 6:25am | Edited 6:42am
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
{quote} Looks a good call, both EURUSD and the EUR basket are in a nice OB situation on the TDI. BTW for new traders to TDI, if you have TDI on your chart you don't really need RSI as well because the green line is basically the same as RSI(13) with a bit of smoothing (just sma(2)). Also recently I've started adding another of my favorite indicator Tools, Bollinger Bands stddev(2,white) and stddev(3,blue) to help with my analysis of the chart, for example EUR basket: {image} Notice the price was outside the BB(3,blue) for a few hours, before moving...
Some other results today were mixed:
GBP Basket with HAS BO picked up the short, before reversal, just falling short of my 250 target before reversing.
CORE5 Basket with Basket TS, break even
JPY Basket with Basket TS, SL taken out at 50, despite correct short direction taken, this is one of the compromises with using a trailing SL, it does prevents major DrawDowns at the cost of missing some potential profit.
HAS60 BO+1440HM, changed from DM60 because of insufficient trades, small profit taken.
These sample charts on Basket TS do not show trades taken, so next time I will try to take before and after shots so you can see where I put my BO lines, and explain my reasons.
- #2,747
- Dec 4, 2018 10:13am Dec 4, 2018 10:13am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
Maybe keep an eye on the JPY Basket for a reversal for a few pips. ????
- #2,748
- Edited 6:12pm Dec 4, 2018 5:58pm | Edited 6:12pm
Hi Eugene,
Does the HM still take trades in the latest version of the Dashboard?
I can't seem to get it to do so.
It will filter just fine but when I activate the Trade mode the buy / sell filter disappears and it will not take any trades.
If I activate the Market button the filter returns but still not taking trades.
Has something changed that I haven't paid attention to?
EDIT:- How good am I going this week????
It seems to have sorted itself out and now taking trades - perhaps I was just too impatient.
Should have taken the week off...........
Does the HM still take trades in the latest version of the Dashboard?
I can't seem to get it to do so.
It will filter just fine but when I activate the Trade mode the buy / sell filter disappears and it will not take any trades.
If I activate the Market button the filter returns but still not taking trades.
Has something changed that I haven't paid attention to?
EDIT:- How good am I going this week????
It seems to have sorted itself out and now taking trades - perhaps I was just too impatient.
Should have taken the week off...........
- #2,749
- Dec 4, 2018 8:09pm Dec 4, 2018 8:09pm
- | Commercial User | Joined Jul 2009 | 5,727 Posts
Hi Eugene, Does the HM still take trades in the latest version of the Dashboard? I can't seem to get it to do so. It will filter just fine but when I activate the Trade mode the buy / sell filter disappears and it will not take any trades. If I activate the Market button the filter returns but still not taking trades. Has something changed that I haven't paid attention to?
- #2,750
- Dec 4, 2018 11:56pm Dec 4, 2018 11:56pm
Hello Traders.
Here is test about TrendBO Bsk V4 and TDI Basket.
I Don't Know How work TDI indicator well.
It is very good. but TSL Doesn't work. Please check it.
I attached shots with comment.
I'll test Basket Trader v2.
Best regards.
Here is test about TrendBO Bsk V4 and TDI Basket.
I Don't Know How work TDI indicator well.
It is very good. but TSL Doesn't work. Please check it.
I attached shots with comment.
I'll test Basket Trader v2.
Best regards.
- #2,752
- Dec 5, 2018 5:44am Dec 5, 2018 5:44am
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
Some results today
JPY basket, TDI was in OS territory, price pulling back from BB and price at Pivot S100,we have a strong case for a reversal:
I used the ESL 80/40 and the TS SL to control my risk, result just over 90pips gain.
CORE5 basket, almost same as JPY, traded the same way, just over 80pips gain:
JPY basket, TDI was in OS territory, price pulling back from BB and price at Pivot S100,we have a strong case for a reversal:
I used the ESL 80/40 and the TS SL to control my risk, result just over 90pips gain.
CORE5 basket, almost same as JPY, traded the same way, just over 80pips gain:
- #2,753
- Dec 5, 2018 5:54am Dec 5, 2018 5:54am
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
Here is a trade I missed because of DB setup error (had session closed), GBP basket break BB channel:
- #2,757
- Dec 5, 2018 1:34pm Dec 5, 2018 1:34pm
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
{quote} Thanks for posting your results JustUncleL, was this trade automated i.e. did you "Fire and Forget" and if so how did you do auotmate or was this a manual trade? Also how did you decide on your breakout line positions? Many thanks.
However, I was able to start my EUR basket based on the same type of BB channel setup, which I have just manually stopped. (I like to stop all my trades before end of day, and start fresh setups on the Asian open).
- #2,759
- Edited 4:37pm Dec 5, 2018 2:03pm | Edited 4:37pm
- | Joined Sep 2015 | Status: Trader | 1,863 Posts
{quote} Thanks Gene I assume this trade was based on TDI selection from the DB. Unfortunately I'm not making much progress with Basket Trader as yet, possibly due to my trading experience. This latest TS does seem to rely on subjective analysis for drawing BO lines etc. I now feel the need to tap into the mindset of more experienced traders than myself in order to make some headway. Any thoughts or guidance most welcome. Thanks
(1) TDI is in OB/OS territory and Price action was on a steep drop or pop and passing outside of BBs. I'm then looking for price to start to move back within the BB and the TDI lines crossing, I then setup BO line above price action to catch an expected reversal: as in this example
(2) TDI is centralized, Price action is within the BBs and going sideways like a bit of a channel, I then setup BO lines on both sides of the BB(2,white) channel to catch a break going either way. For example:
Other traders may have different ways of analyzing the charts, but I hope that helps a bit.
PS: With scenario (2), if the BBs are squeezing closer together this is a more probable trade. Also I agree with Gene regarding where you place your Break lines and TP/SL can be a bit subjective, and also how you analyse a chart will depend on how you can visualize a charts structure and it's price action based on that structure. The market will not always go the way we anticipate, but what we are looking for is highly probable events, so that we have more wins than loses and/or bigger wins with smaller loses.