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  • #241
  • Aug 8, 2019 2:48am Aug 8, 2019 2:48am
Hi BTM,

I took this Long on EURUSD before few minutes.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB


Is it OK ?

Regards
Vesko
  • #242
  • Aug 8, 2019 2:56am Aug 8, 2019 2:56am
Quoting veslup
Hi BTM, I took this Long on EURUSD before few minutes. {image} Is it OK ? Regards Vesko
Yes,its good,but i dont understand your sell stop ...
  • #243
  • Aug 8, 2019 2:58am Aug 8, 2019 2:58am
Quoting BTM
{quote} this is how you should set your tp sl. {image}
Thanks. SL red dotted line is on chart but missing TP1/2 green lines to the downside?
  • #244
  • Aug 8, 2019 3:11am Aug 8, 2019 3:11am
Quoting BTM
{quote} i personally pass this trade,because : 1- technical tells me we are in a huge supprt area and we have divergence, maybe some correction happen 2- TIPS1 told when candle goes out of trend indicator,it will back inside,and tp1 is too far from the current price and too out of trend indicator so,my money management and risk management tell me to pass this trade . {image}
Ok thanks. If you say divergence/support/resistance, these are just some/all of your personal extra rules you take care of before placing a trade? Because there is little/nothing about it explained on the first post declaring such things as a rule.

And what about news which could affect M15 easily leading to heavy spikes up and down, do you take care of news for e.g avoid trading some time before after a news announcement?

What are the best trading hours? I would be only able to trade the EU open up to the first 3 hours of he NY sessions which are also the most volatile times to trade and a lot of news coming out, will this be fine or do you prefare something different or do you take a signal if it looks good no matter what time of the day like inside a slow moving asian session.

And how do you avoid over trading, do you have some personal rules like not to take more than 1-3 signals each day. Otherwise I could imagine it will be hard to manage consistency with probably a quiet large amount of signals watching multiple forex pairs on M15.

thanks for your help so far
  • #245
  • Aug 8, 2019 3:29am Aug 8, 2019 3:29am
Quoting lddd
{quote} Ok thanks. If you say divergence/support/resistance, these are just some/all of your personal extra rules you take care of before placing a trade? Because there is little/nothing about it explained on the first post declaring such things as a rule. And what about news which could affect M15 easily leading to heavy spikes up and down, do you take care of news for e.g avoid trading some time before after a news announcement? What are the best trading hours? I would be only able to trade the EU open up to the first 3 hours of he NY sessions...
very good questions . happy to asked .

I focused trade AUD,NZD,JPY pairs at Sydney and Tokyo session and EUR,GBP pairs at London session and USD,CAD pairs at NewYork session .
no matter what system you are using,always should consider the technical analysis and major support resistance.
always follow TPIS1-2 .
some times i use divergence for taking correction when candles goes out of trend indicator (i dont prefer for now) .
I always consider risk/reward before open trade.
If tp1 was 10 pips and sl was 80 pips,i dont take that trade .
If i get signals when the price is near to trend indicator band (TIPS1) i wait for price correction then enter trade .
  • #246
  • Aug 8, 2019 3:36am Aug 8, 2019 3:36am
New Update released 08/Aug/2019

fixed alert
fixed multi timeframe

download from first post
  • #247
  • Aug 8, 2019 4:02am Aug 8, 2019 4:02am
thank you for the good work BTM, please find below a screenshot from my alpari ECN and hotforex demo on USDCHF, There seem to be a missing arrow on alpari mt4...pls check to know which is correct.thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Captureg.PNG Size: 106 KB
  • #248
  • Aug 8, 2019 4:04am Aug 8, 2019 4:04am
Quoting BTM
New Update released 08/Aug/2019 fixed alert fixed multi timeframe download from first post
new update not showing signal but giving alert
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 70 KB
  • #249
  • Aug 8, 2019 4:23am Aug 8, 2019 4:23am
Quoting alhalawi
{quote} new update not showing signal but giving alert {image}
thank you alhalawi
please test more and give me feedback,m trying to fix it. because signal indicator is a combination of 9 indicator some problem may happen but i will fix it when you feedback bugs.

thanks
  • #250
  • Aug 8, 2019 4:30am Aug 8, 2019 4:30am
Quoting BTM
New Update released 08/Aug/2019 fixed alert fixed multi timeframe download from first post
what do you mean by fixed multi timeframe
  • #251
  • Aug 8, 2019 4:43am Aug 8, 2019 4:43am
Quoting veslup
Hi BTM, I took this Long on EURUSD before few minutes. {image} Is it OK ? Regards Vesko
Yes please I have another EA working the same platform.

Regards
Vesko
  • #252
  • Aug 8, 2019 4:51am Aug 8, 2019 4:51am
Quoting BTM
{quote} very good questions . happy to asked . I focused trade AUD,NZD,JPY pairs at Sydney and Tokyo session and EUR,GBP pairs at London session and USD,CAD pairs at NewYork session.
Understand, makes sense to me.

Quote
no matter what system you are using,always should consider the technical analysis and major support resistance. always follow TPIS1-2 .

What do you mean by technical analysis? Thatīs a broad chapter in itself. For e.g trying to identify a price action pattern (head and shoulder, double top, double bottom...) or a specific candlestick pattern (Doji, Hammer...).

Same with "major" support & resistance. It could mean everything and nothing. First, what you consider as a "major "support or resistance level and for what timeframe? If you trade the M15 chart i guess you will also look out for support and resistance levels based on the same time frame right?

This "could" mean looking for areas on the M15 chart where price touched at least 2 times without breaking such level.

I guess the idea or main advantage of your "system" would be to give out signals where all this is already done. Either by the indicators it self (before giving the signal) or manually doing it after each signal (but with a clear well defined plan/rule set at least). And i cannot see such rules, if they are important to trade the system profitable it would be nice if you could add some more detailed explanations what extra steps to do with "technical analyses" here.

Otherwise it would be hard to stay consistent profitable "following" such rules without interpreting a dozens of undeclared variables with each new signal, making it nothing more than a guess work again.

Also from my experience support and resistance levels (especially if marked on a lower time frame like M15) means absolute nothing and gets broken all the time. Even on higher time frames support and resistance are at best giving you a 50% edge (so like a flipping a coin if it will respect, break or reverse). So why not ignoring it at all? I mean otherwise trading would be easy as selling at resistance and buying at support.[/quote]

Quote
I always consider risk/reward before open trade. If tp1 was 10 pips and sl was 80 pips,i dont take that trade . If i get signals when the price is near to trend indicator band (TIPS1) i wait for price correction then enter trade .

Understand, makes sense to me.
  • #253
  • Aug 8, 2019 5:03am Aug 8, 2019 5:03am
Let me tell you that BTM share this system for us to Profit or for us to Study if this system truly works

Dont Use it if you dont
Use it if you think you will profit on it

Thanks BTM

Studying your system is quite easy,there is some bugs but i think it can be edited or corrected
  • #254
  • Aug 8, 2019 5:05am Aug 8, 2019 5:05am
Quoting beejay
{quote} what do you mean by fixed multi timeframe
its mean you can use M1-MN now . i use M15 and prefer that only.
  • #255
  • Aug 8, 2019 5:13am Aug 8, 2019 5:13am
Quoting BTM
New Update released 08/Aug/2019 fixed alert fixed multi timeframe download from first post
You are doing a great job man, thank you.

Please, don't forget the Dashboard that you promised earlier.
  • #256
  • Aug 8, 2019 5:17am Aug 8, 2019 5:17am
Quoting BTM
New Update released 08/Aug/2019 fixed alert fixed multi timeframe download from first post
Thanks for yours work
  • #257
  • Aug 8, 2019 5:20am Aug 8, 2019 5:20am
Quoting Ican2020
{quote} You are doing a great job man, thank you. Please, don't forget the Dashboard that you promised earlier.
the dashboard currently is under construction, i will release that soon,first i have to fix the alert problem which still not working properly. but seems timeframe corrected. please check the signals in M1-M5... see if they were not the same and thats mean its working.
  • #258
  • Aug 8, 2019 5:58am Aug 8, 2019 5:58am
ON EURGBP PAIR

do you consider the upper line of the band as flat so no trade is valid ?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 23 KB
  • #259
  • Aug 8, 2019 6:24am Aug 8, 2019 6:24am
Quoting alhalawi
ON EURGBP PAIR do you consider the upper line of the band as flat so no trade is valid ? {image}
I took the trade and the band wasn't flat as at the time I took it. I will post it from my journal for you to see.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 110 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #260
  • Aug 8, 2019 7:05am Aug 8, 2019 7:05am
Good going..Appreciated
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