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BDM Trading Tips, Tricks, and Development

  • #61
  • Jul 3, 2015 11:56am Jul 3, 2015 11:56am
Time of the Screen lock-in-basket and the time i started trading (yup, early this morning).
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info@metacharttools,com
  • #62
  • Jul 7, 2015 1:59pm Jul 7, 2015 1:59pm
One Asian+2 made it, one didn't.
But it is really simple trading.
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info@metacharttools,com
  • #63
  • Jul 8, 2015 1:48pm Jul 8, 2015 1:48pm
Not very much room to make a profit.
Not worth looking after so i just set SL/TP.
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info@metacharttools,com
  • #64
  • Jul 10, 2015 5:40am Jul 10, 2015 5:40am
Missed a lost because i was just to lazy to start trading one hour before LO open.
Reds are Asia+2 selection and LO open.
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info@metacharttools,com
  • #65
  • Edited 6:13am Jul 10, 2015 6:01am | Edited 6:13am
Just a tip.

If it every happens that BTM recognizes that you opened an offline chart and displays the basket for that chart but doesn't see the trades because you filled in the wrong trade comment just enter the magicnumber you assigned to those trades, BTM will pick them up.

Comment is #BC5-06#0815 and should have been #BC5-08#0815.
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info@metacharttools,com
  • #66
  • Jul 10, 2015 6:32am Jul 10, 2015 6:32am
It is really a nice trading system to start with.
A $200 account will suffice to start with as long as you take a good look at the selected baskets, correlations as displayed, and have a look at the news to eliminate risky pairs.

This late trade from this morning takes ~20 margin and i could have stopped at +30 which on a $200 account is 15% and that is more than enough for one day.
The [Add][R] was at 25 pips default but could have been set at 10 which would have given ~+40.

As soon as the break BO-trade occurs set a trailing stoploss [SL pips]+ [TSL] and start moving it up manually until you are in a save zone (about BE) and then let it follow the price action. You didn't closed at max profit but you stiil would make some.
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info@metacharttools,com
  • #67
  • Jul 10, 2015 7:19am Jul 10, 2015 7:19am
Just another thing obey the Supports and resistances.
Indicators nice but just draw a line where you think you have to get out, previous tops, bottoms.
I left this one running but on a 200 account i would have closed the basket at +30 (15%).

After that stop watching, close the offline chart, go to Kopratasa maint, stop the basket writer [Maint].
Do not close a basket and keep watching the chart to see you could do better, it has no use and will only urge you to make bad descisions in the future.
You are not a million-end-of-year-bonus fund manager, you just want to make some money (and have a bit of adrenaline flowing).
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info@metacharttools,com
  • #68
  • Edited 7:38am Jul 15, 2015 7:14am | Edited 7:38am
Indicator updated by requests.
Renamed to be clear about purpose.
"Paint visible..." need ticks, so during weekend set it to false!
Alert system untested, if you set "Alert candle" to 0 don't be surprised, that after alert there is not point.
Attached File(s)
File Type: ex4 ExitCandleFinder.ex4   13 KB | 473 downloads
File Type: mq4 ExitCandleFinder.mq4   5 KB | 569 downloads
  • #69
  • Edited 3:05am Jul 16, 2015 2:17am | Edited 3:05am
Monday and Tuesday i had no time to trade but these are the yesterday baskets.
Big difference in winning and losing pairs within a single basket and that was because i just let them trade through the news.
With the Basket Trade Manager you could have removed the risky pairs from the basket before news hit.

I was thinking to add a news indicator dot into BSM on the BUY/SELL selection to indicate upcoming high-impact news for that day.
This way you can expel pairs from the basket on forehand.

BTW. These are still the Asia+2 locked baskets using the BT_14_v27 BO settings.
Attached Image
info@metacharttools,com
  • #70
  • Jul 16, 2015 3:10am Jul 16, 2015 3:10am
Quoting rrrem
Indicator updated by requests. Renamed to be clear about purpose. "Paint visible..." need ticks, so during weekend set it to false! Alert system untested, if you set "Alert candle" to 0 don't be surprised, that after alert there is not point. {file} {file}
Thanks very much for this update rrrem ... all the 'features' now included/much to 'play' with and tweak!
Having fun already... very nice.
"You Never Know.....Until You Find Out."
  • #71
  • Jul 16, 2015 10:51am Jul 16, 2015 10:51am
Quoting rrrem
Indicator updated by requests.
Notes after today's live testing:
"Wick percent of Body (0-100%)" - You may set over 100% as well (for example wick 120% of body size)
"Max Doji Body size (Points)" - seems work well with non zero value, just try it for pair/timeframe (for me 10 - 70 points works well)
I forget requested Sound alarm (it's because I don't like sound alarms) - in next version.
  • #72
  • Edited 8:10am Jul 17, 2015 6:14am | Edited 8:10am
Quoting rrrem
{quote} Notes after today's live testing: "Wick percent of Body (0-100%)" - You may set over 100% as well (for example wick 120% of body size) "Max Doji Body size (Points)" - seems work well with non zero value, just try it for pair/timeframe (for me 10 - 70 points works well) I forget requested Sound alarm (it's because I don't like sound alarms) - in next version.
Phenomenal achievement and development of the Stretch concept rrrem... you took it and RAN!!!!!!!!!!!!!!!!!!!
It's making a huge difference. I'm thinking the BEST 'name' for what it actually does: is RetraceFinder "Alert: Retrace Candle Detected!"
Retraces are the the markets 'breathing'... inhale/exhale.
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"You Never Know.....Until You Find Out."
  • #73
  • Jul 17, 2015 9:55am Jul 17, 2015 9:55am
Quoting goldenequity
{quote} Phenomenal achievement and development of the Stretch concept rrrem... you took it and RAN!!!!!!!!!!!!!!!!!!! It's making a huge difference. I'm thinking the BEST 'name' for what it actually does: is RetraceFinder "Alert: Retrace Candle Detected!" Retraces are the the markets 'breathing'... inhale/exhale. {image}
Really ?
Picture doesn't look to have anything to do with BSM/BTM/BDM.
info@metacharttools,com
  • #74
  • Edited 6:19pm Jul 17, 2015 12:55pm | Edited 6:19pm
Quoting Hotpotato
{quote} Really ? Picture doesn't look to have anything to do with BSM/BTM/BDM.
rrrem decided to post the update here where it first began.
I responded to his post and thanked/encouraged his continued efforts with some results.
The project began w/ the idea of helping BSM/BTM/BDM/Kopratasa.
"You Never Know.....Until You Find Out."
  • #75
  • Jul 27, 2015 3:13am Jul 27, 2015 3:13am
First Trend Strength basket.
Locked at LO-1, target reached but unfortunately the BT EA didn't think so.
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info@metacharttools,com
  • #76
  • Jul 27, 2015 3:19am Jul 27, 2015 3:19am
Second LO-1 TS basket also underway to target....
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info@metacharttools,com
  • #77
  • Jul 27, 2015 10:41am Jul 27, 2015 10:41am
Because it was a strong basket i already moved the TP to daily target 2 and it just hit.
Done for the day with TS baskets.
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info@metacharttools,com
  • #78
  • Jul 29, 2015 2:41pm Jul 29, 2015 2:41pm
I call is quits for today, it's a couple of pips in the pocket.
Baskets where selected by BSM 1 hour before LO open on TC (direction +strenght)
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info@metacharttools,com
  • #79
  • Aug 11, 2015 2:29pm Aug 11, 2015 2:29pm
Profit, break even, little DD, profit again.
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info@metacharttools,com
  • #80
  • Aug 12, 2015 2:04pm Aug 12, 2015 2:04pm
Tomorrow i must make sure my tp's are set correctly.
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info@metacharttools,com
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