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BDM Trading Tips, Tricks, and Development

  • #101
  • Oct 28, 2015 3:03am Oct 28, 2015 3:03am
LTS and HTS Bounce or turnaround ?
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info@metacharttools,com
  • #102
  • Oct 28, 2015 3:09am Oct 28, 2015 3:09am
Using the [DASH]/[CHARTS] button you can always switch between the BSM dashboard and the offline (or other) charts searching for a buy basket.
Still no present so i will look once more at LO+1 and after that just forget it.
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info@metacharttools,com
  • #103
  • Oct 28, 2015 3:29am Oct 28, 2015 3:29am
If you want to generate baskets based on Absolute Currency strength choose "Strength" in the BSM settings. (buttons do not work in this version ).
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info@metacharttools,com
  • #104
  • Oct 28, 2015 3:37am Oct 28, 2015 3:37am
Half an hour into London i created a Strong buy basket and a Combi Sell basket based on currency strength.
I will trade these baskets manual so i started BT_14 on the charts but did not set any auto trading lines.
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info@metacharttools,com
  • #105
  • Oct 28, 2015 3:45am Oct 28, 2015 3:45am
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info@metacharttools,com
  • #106
  • Oct 28, 2015 4:28am Oct 28, 2015 4:28am
Looks like it is not a good trading day today, little movement.
But you now have the basics.
info@metacharttools,com
  • #107
  • Oct 28, 2015 4:30am Oct 28, 2015 4:30am
Quoting Hotpotato
Looks like it is not a good trading day today, little movement. But you now have the basics.
Thanks HP, good guide.
Stay hungry to be free...
  • #108
  • Oct 28, 2015 5:30am Oct 28, 2015 5:30am
Strength basket broke.
Did experience some DD because of the bad BO line setting.

Put in the SL and TP lines and because i am using little margin i will add trades using the EA's [ADD] button as soon as the bar closes below the R1 (now S1) line.
Could also use the BTM to close trades that do not comply with the basket direction.
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info@metacharttools,com
  • #109
  • Oct 28, 2015 5:37am Oct 28, 2015 5:37am
But in the mean time the strength Buy basket also broke and we could try to run that one up to the pivot.....
So on a small account i would not enter extra trades on the previous posted basket.
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info@metacharttools,com
  • #110
  • Oct 28, 2015 5:45am Oct 28, 2015 5:45am
Now if you really, really, really do not want to take any risk also keep an eye on the BTM screen.
Most of the time you can close the day at break even, it will be a no profit/no loss day.
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info@metacharttools,com
  • #111
  • Oct 28, 2015 6:38am Oct 28, 2015 6:38am
Hi HP,

First post on this thread, thanks for all you did!
It was difficult for me to keep track with all which was written and the updates so far on the BDM thread. Your explanation here again makes things much clearer!

Bedankt tot binnenkort!
  • #112
  • Oct 28, 2015 8:16am Oct 28, 2015 8:16am
Stop before the news hit ?????
A well, this is demo and the trailing stops are already around breakeven.
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info@metacharttools,com
  • #113
  • Edited 12:53pm Oct 28, 2015 12:33pm | Edited 12:53pm
Normally i would have stopped but let's run it through the FOMC.

On a small 200 account this would be 20%.

Almost no drawdown and no risk.
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info@metacharttools,com
  • #114
  • Oct 28, 2015 12:57pm Oct 28, 2015 12:57pm
Quoting Hotpotato
Normally i would have stopped but let's run it through the FOMC. On a small 200 account this would be 20%. Almost no drawdown and no risk. {image} {image}
if no drawdown - it's very good.
If you use broker with leverage of 1:2000 and a lack of drawdowns, you can get rich.
Stay hungry to be free...
  • #115
  • Oct 28, 2015 2:04pm Oct 28, 2015 2:04pm
I decided differently.

I banked the first 40 something and because i had little time (and was lazy) i used the same baskets and set new breakouts [BO] to trade the USD news.
A bit more margin needed because i added trades during the run.
The worked out nicely and i banked another 60 something making the total a little over 100 for the day.

Tomorrow a new trading day !
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info@metacharttools,com
  • #116
  • Edited 2:55pm Oct 28, 2015 2:18pm | Edited 2:55pm
Now to close your day.
Close all offline charts manually AFTER STOPPING EACH EA FIRST (or else you MT4 will hang).
Go to the dash, click [MAINT] and close all the basket writers.
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info@metacharttools,com
  • #117
  • Oct 28, 2015 3:57pm Oct 28, 2015 3:57pm
@Ahhamidz

Did you follow ?
You would have made an easy 20% on your account today.
info@metacharttools,com
  • #118
  • Oct 29, 2015 5:24am Oct 29, 2015 5:24am
Four baskets as of Asia+2 lock.
2 directional and 2 strength selected.

It is going to be a slow day until Unemployment Claims.
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info@metacharttools,com
  • #119
  • Edited 1:43pm Oct 29, 2015 10:48am | Edited 1:43pm
I quit for today.
It has been a constant battle between 0 and a couple of % profit because there were just to many pairs in the baskets.
I didn't filer enough wen creating them, will filter better tomorrow.

Zero gain so a lost day.
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info@metacharttools,com
  • #120
  • Nov 4, 2015 11:39pm Nov 4, 2015 11:39pm
Quoting Hotpotato
Make sure you have everything installed and working and i will take you through all the steps at GMT+6 (Coffee time). This is how your MT4 screen should look like. {image}
Hi,thanks for the effort, I would like to ask a few questions

1) Does this screen "live" in the sense that it will refreshes itself every second? The data look quite static to me
2) What does automatically freeze screen, freeze hour, freeze minute means? (located in the EA properties)
3) What is BSM and what is BDM means?
4) Does this EA do automatic trading?

Thanks
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