(binned per thread starter’s request) Potential Scammer-BTM threa

it will be very nice if the latest indicators and template are placed in 1st post or page of this thread

agree

Hi,how do i get d arrow alert active

hi, how do i get the dash?

Hi timilehin,

you can find it here in the original BTM's thread:

https://www.forexfactory.com/showthread.php?p=12517063#post12517063

Best regards,
Bubincka

Hi Fred

This is the replacement for D indicator.



Funny though, it is still working on my mt4 but not with the EA

Which EA, my mate?

hi . i will check that this week end. and ad it in EA !!

Which EA are you referring to please?

Hey guys I'm very happy I found this thread.

This BTM guys put everyone down.

I contacted him after the indicators expire and he asked me $750!!!!!

At the beginning I was willing to pay but I still investigate and asked him questions.
When I asked how I can pay the $750 he said by Bitcoin or WebMoney only (for security reason he said lol, but security for him I suppose lol)
Then I knew it was a scam.

I will start to read the 30+ pages of this thread now

Good day guys I know I promised to share what I was working as I have quoted. Though I am not a coder, I felt obliged to add my little contribution to strengthen what is has already begun here and When Dr Dave shared a post I knew I could help better the system. I have been trading FX since 2007 and though I have a swing strategy that makes me great profits, I have not been able to get an intraday strategy to suit my taste till I stumbled upon the BTM site, but unfortunately the drama had just happened and I was about to pay before I happened upon this thread and I remain grateful to all those who began it.


So this is my contribution and it seeks to simplify and aid this strategy using my knowledge from years of experience trading time frame co-relations which most traders find it very difficult to understand.

1. It is important to note that trends build from lower time frames to higher ones and not the other way round.
2. It is also important to note that though trends build from lower time frames to higher ones, the overall picture of a trend and price direction is seen on the Higher Time frame. So it is always best to trade the lower time frame in the direction of the higher time frame (like what BTM does), because you will always get the first moves of the trend that will play out on the Higher time frame from the lower time frame. Especially after a pull back on the higher time frame. This is why activities on M1 and M5 are one of the most powerful and must not be ignored for a trader to get the best out of the market and avoid Draw Downs and get apt entries. In case there is any confusion, never mind my rant, please see the screenshots for better explanation.

In this screen shot I have place 3 TMA Bands:

a. The Black Bands which is set to the normal H4 settings.
b. The Red Bands which is set to M30.
c. The Blue Bands which is set to M15.

The addition I am making to the BTM strategy is for every trader using this strategy whether with the C indicator or xSuper Trend on M15 to be able filter the arrows or the xSuper Trend entries by using my suggestion so they can get the best entries and the best exit in every trade.

So for Entry.

Using the normal BTM entry on M15 with the TMA Bands on H4, if the arrow on the C indicator pops up in direction of the TMA bands on H4 as seen in screenshot2. Go down to M5 on that same chat and be sure the TMA Red and Blue Bands are in the direction of the trend on the H4 bands as seen in screenshot3 before taking the signal from the C arrow. By doing this you are trading in the direction of not just the H4 trend, but also in the direction of lower time frames that are in Harmony such as the M15 and M30. Because you see what many traders do not understand is that there is a strong and powerful correlation between M15, M30 and H1 since 2 M15 candles make 1 M30 candle and 2 M30 candles make 1 H1 candle. It is believed that M30 is the best time frame for intra-day trading as M15 might be too fast and H1 too slow, but M30 balances it all out. So by using my suggested entry you will have a minimal DD and a more sure profitable win ratio because you trading in the direction of the prevailing trend and not running into a pullbacks on the H4 trend. Hence trading in harmony with the market.

For Exit, you can hold until you see only the lowest or top most Blue Bands or Red Bands flatten out in a case of a sell or buy respectively as seen in Screenshot4 and Screenshots5, or whichever of the 2 Bands suits you best.

Again concerning spotting a strong pull back or in some cases a reversal and taking it,

1. If the Red and Blue Bands are in the same direction and the C arrow pops up or xSupertrend gives a signal in the direction of the trend, take it and use same exit criteria. This could either be a strong pull back or a reversal. As seen in Screenshot 1. Note I have been trading this strategy live on my live account so I am putting my money where my mouth is.

2. If you observe, you will also notice how the C arrow from the BTM strategy was filtered out.

This is my little contribution and I will be glad to hear your thoughts on it after your investigations on different symbols and live testing it.

Fred: https://www.forexfactory.com/zed.fr

Fred has kindly volunteered to code an EA based on the BTM-xSuper Trend. Chris and I are in supporting Fred in this. Once we have a working version, we will be uploading the EA so everyone can use it/Test it and make further improvements.

Thanks

Hi Sokysoks.

Thanks for your input, it looks really interesting. I check it out and give you feedback.

One question on the reversal trading - do you look at the M15 and than switch to M5 to make your decision. I'm a little unclear about that.

Regards

Sokysoks,

Thank you for sharing insights from your trading experience. A very positive contribution indeed!

If it's alright with you; Could you please upload the indicators and the template needed for the above setup, so everyone can be on the same page with regards to settings, indicators etc...This makes testing easier.

The setup can be in addition to what we currently have...

Thank you once again...

Hi Cfudge, Aaven, Zed, Mapseam

Have you guys looked at Joe EA? or are you guys still looking at creating an EA for BTM but one which takes into account the Tips.

regards

Thank you optitrader for your kind words. Yes please. You look at M15 and then check M5 to see if the Blue and Red bands agree.

Optitrader,

First, we want to come up with the x-Super Trend version of BTM and get the testing going. Second, the dashboard by Fred is available- to be honest-i still needs to demo the dashboard and not sure, how far the "Tips" have been incorporated. Once we get over with the x-Super Trend, we can take a look on the dashboard and tips.

Joe EA deals with xml.Pulling the settings from a different file. I felt, considering the complexity of BTM situation-too many indicators-scattered people- I felt best to sticking to general EA's- Didn't want to be inundated with trouble shooting posts...

Thanks

Ok aaven, thanks for the encouragement, I will do that right away.