Kopratasa EA & BDM

Funny that you ask, just about to release a new version of the fib manager.

This is a bit of a tricky one.

Opposite to an EA you can not load or save the settings of an indicator.
So if you change the settings you have to change them every time you load the indicator (i hate that).

With the help of the "Load config file","Write config file" and "Config filename" it is now possible to load different configurations into the indicator.

- Open the indicator on a chart.
- Set "Load config file" and "Write config file" to false.
- Change the parameters fi. the opening position of the window or fibo levels.
- Once they are to your liking open the config window of the indicator
- Leave "Load config file" set to false but set "Write config file" to true.
- Close the window, the config file with the name "Fibo" (default config filename) is written.
- Open the indicator input window again.
- Set "Write config file" to false and "Load config file"to true.
- Exit input window.

Next time if you open fibov1.02 ( and beyond) it will read the config file on init ( if you don't set the "Load config file" to false).
The tricky part is that you can not see the changes made to the parameters, that's sadly impossible so give your created config file(s) a recognizable name.

If you get stuck on the default Fibo config file just go to MOL/files/BDM and delete Fibo.set or any other set file you have created and just re-create them.

And of course i forgot the new parameters.

You can set the start and the end of a "session" or trading day using "Starttime previous day" and "Endtime previous day".
If you end time runs into the current day fi. starttime 22:00 previous day and 03:00 endtime current day you have to set "Force endtime into current day to true.

For fibos over longer periods you can use the "Startdate" and "Enddate" parameters.

O and you do not have to fill in your brokers prefix and/or suffix anymore in non of the EA's or indicators, it's automated now.

And of course the basket MTF with the save parameter file option.

Also Basket MTF and kopratase now have the possibility to change the lower two tf's from m5/M15 to M15/M20 just as an experiment.

Also i have one more indicator i want to incorporate in the basket decision making, currency strength.
Don't now in what visual form yet.

Got it.

Will display it in the top right corner of each BDM chart in the form of two (?) arrows.
But because it is a bit heavy on the calculation side and take some time you might not want to place it on your default BDMv1 template.
That's why i will at the same time introduce selectable templates (choice of four).

Hi HP,

What will you be putting on the top right corner...? The currency strength?

I think that the way Seller has it on his Basket Writer dashboard is the easiest way to visualize the relative strength of each currency...
Having a Y axis as the zero and having horizontal bars for each currency seems to be the easiest way to quickly see the strength of each currency relative to the others, at least until someone comes up with a better one...
Don't know if you agree or if It can even be setup in your ea since it is a bit different...

Cheers!

great work HP ....

BDMv1.08 and Strengthv1.00

VPS users, you do need the SDSmain.dll.

If it doesn't work google "windows dll 126" because it is due tot system settings.

Howto:

- Copy the files from the zip to their folders.
- Start BDMv1.08
- Make sure that the setting "Use strength library" is set to true
- Load the charts for any random currency
- Click on the first (top left chart) sub chart.
- Make sure that all the indicators you want are on that chart.
- Drag Strengthv1.00 to that chart and see the strength arrows appear.
- Click right on that chart and save the template as fi. BDMStrength.
- Use the [close] button to close all sub charts.
- Open the BDM settings screen.
- Fill in the name of the just saved template at "Template 2" or "Template 1" if you want this as your default.
- Close the settings screen.

You should now have two templates buttons on your screen so you can switch between templates.

Tip: If you want to have the BDMStrength on your default template save the created template as BDMv1.

And: you do not have to save the template twice anymore. If you use a template name that doesn't exists you will get the mt4 system default template.

What do you see:

(wait for it).

A well, it's obvious isn't it.(just kidding).

The left arrow represents the base currency, he right arrow the quote currency.
The currency strength is measured against a basket (31) of symbols.
Arrow pointing upwards means that the currency is getting stronger, downwards means currency is getting weaker.
A white horizontal bar means that the currency is rather stable.

There are two sorts of arrows the open one and the solid one.
The open one stands for a graduate or modest change of strength the solid one for a more aggressive change.

An upwards arrow solid or open can have two colors, green or lime (light green) .
Green means that the currency is somewhere below the overbought area, lime means it is in the overbought area.

A downwards solid or open arrow can be red or orange.
Red means that the currency is above the oversold area and orange that it is in the oversold area.

These overbought and oversold areas only apply to the current select timeframe, the currency could be (and probably will be) in another area on a higer timeframe.
It is just a warming to think twice before trading against the direction (wave) or expect an initial drawdown on that pair.

The horizontal (currency stable) bar can also be lime or orange if it is stable in oversold/overbought area.

What you af course try to avoid is adding a pair to your basket where both the base and quote currency point in the same direction and even worse if the are both solid. Also overbought/oversold areas are notorious currency reversal areas so try to avoid them or check the pair in a higher timeframe and if they have the right directions there it could just be a relatively short reversal. Again expect a initial drawdown when entering the trade.

So it must now be easy with one look on the charts to spot a pair that probably will not perform well in your basket.

Hi Hp,

Just downloaded/installed the new BDM version with the strength indicator template, but the arrows don't appear correctly on the screen.
I get 1 arrow on the screen but the second (to the left) is 2/3 out of view... any idea why?

Thanks.

Somebody (do not know who anymore) asked me if it was possible to recreate a situation from history.
Well, it is now.

Just do not forget to remove the parameter after using it or else kopratasa will just stay on that date.

You're drunk ? or your pc is.

Nope... not drunk.
Check the screenshot below... maybe the pc is.

Alright then.
I didn't try it on a single pair.

And no, it doesn't work on a non-BDM chart, i have other ones for that.
Will post them later on.

Hi HP:
I actually got the same problem...