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BDM Trading Tips, Tricks, and Development

  • #121
  • Nov 5, 2015 2:41am Nov 5, 2015 2:41am
Quoting kwkee
{quote} 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
1) The data is updated at the close of the lowest timeframe candle so that would be every 5 minutes. The data of the lowest timeframe (M5) is taken from the closed candle the higher timeframes data from the current open candle.

2) This Basket Selection Manager 3a) is build on the observation of member Kopratasa that 2 hours into the Asian session you can build baskets of pairs that will 1) continue in that direction during the rest of the session (if you are awake to trade) or 2) continue and get stronger from the London open point or 3) strongly reverse at and after London open. I am not always awake two hours after Asian open (2:00) so i set the Freeze hour at 2:00 (it is Local time) and the minute at 1 to make sure most or all of the M5 candles are closed. The indicators will not be updated when locked (freezed). 1 hour before London open (and after i had coffee) i will create the selected baskets after i inspected the charts using BSM, the expected daily news, correlations (displayed next to the Buy and Sell baskets).

3b) BDM means Basket Display Manager and you can read all about it here. http://www.forexfactory.com/showthread.php?t=530181

4) No.
info@metacharttools,com
  • #122
  • Nov 10, 2015 11:36am Nov 10, 2015 11:36am
To wait or not to wait ?
Well perhaps until the new baskets is selected.
As always posted 0.01 lot/trade, demo so it is not really a question.
Already looked at the strength charts.
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info@metacharttools,com
  • #123
  • Nov 11, 2015 11:49am Nov 11, 2015 11:49am
TakeProfit to daily target 2, tighten trailing stoploss.
Not bad for 3 x 0.01 trades.
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info@metacharttools,com
  • #124
  • Nov 12, 2015 1:33am Nov 12, 2015 1:33am
Trading EUR breakout basket for "the Draghi speech".

Create a manual basket for the 7 EUR pairs.
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info@metacharttools,com
  • #125
  • Nov 12, 2015 1:34am Nov 12, 2015 1:34am
Start the basket writer to create the offline chart.

And make sure it is active.
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info@metacharttools,com
  • #126
  • Nov 12, 2015 1:37am Nov 12, 2015 1:37am
Open the offline chart and load the BT_14_v27 EA on it.
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info@metacharttools,com
  • #127
  • Nov 12, 2015 1:45am Nov 12, 2015 1:45am
Do not need any extra indictors, trading the news.

Use PO linea and not BO line because BO activates at candle close but PO as soon as the price reaches the line.
Set the PO lines wide apart and leave them there until 10 minutes before the news so they won't be hit (and trades) taken before the news.

If you expect the EUR will be going down on the news just delete the top PO line (select, right click, delete) to prevent it from activation on a initial swing to the upside before plunging.
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info@metacharttools,com
  • #128
  • Nov 12, 2015 1:53am Nov 12, 2015 1:53am
Quoting Hotpotato
Do not need any extra indictors, trading the news. Use PO linea and not BO line because BO activates at candle close but PO as soon as the price reaches the line. Set the PO lines wide apart and leave them there until 10 minutes before the news so they won't be hit (and trades) taken before the news. If you expect the EUR will be going down on the news just delete the top PO line (select, right click, delete) to prevent it from activation on a initial swing to the upside before plunging. {image}
Another opportunity to use potential of BSM BDM BTM.
News trading.
Thank you for guide ... Very interesting.
Keep us informed on the results of trade during the news.
Stay hungry to be free...
  • #129
  • Nov 12, 2015 2:15am Nov 12, 2015 2:15am
Left BO trade taken by sell baket based on ASIA+2 without looking at the pairs (6 EUR) and the news.
Stopped out before the news.......
Right chart, still waiting for the news.

Ps. i am not a news trader...feel free to post better ways.
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info@metacharttools,com
  • #130
  • Nov 12, 2015 3:00am Nov 12, 2015 3:00am
Take it or watch the strength chart for exit the complete basket OR just individual pairs that seem about to reverse.
I did put in a not so tight trailing but at a point where i am sure not to lose any.
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info@metacharttools,com
  • #131
  • Nov 12, 2015 4:21am Nov 12, 2015 4:21am
Demo, so left it.
All flat waiting for the next move in 9 minutes.
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info@metacharttools,com
  • #132
  • Edited 10:39am Nov 13, 2015 2:38am | Edited 10:39am
Phase II, "Look ma, no offline charts needed. It's automated".

For now i am manually closing every basket at around $2 just to see entries versus winners.
Main goal for next week to, but by then a bit more automated i hope (got other things to do).

Very simple conditions: direction + strength ([both] button)
More or equal than 5 pairs in a buy/sell basket mot counting pairs that have more than 2 negative correlated pairs in the basket.
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info@metacharttools,com
  • #133
  • Nov 13, 2015 11:24am Nov 13, 2015 11:24am
Another 2, close and restart the selection but i do not expect much only a couple of hours to go.
This one wasn't done yet.
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info@metacharttools,com
  • #134
  • Edited 5:00am Nov 17, 2015 4:15am | Edited 5:00am
Well, this is just plain stupid.
Not paying attention to the pairs in the basket, not paying attention to upcoming news and setting the breakout lines so the trades entered about half an hour before the GBP news.
But that's the concept of BDM/BSM it is not automated trading.

If you know how the BT_14 expert works the SL would have been set at the upper breakout line and if you would have set the BT_14 settings to "restart automatically" the loss would have been taken and the the basket would have reopened in the opposite direction.
Of course these settings impose a greater risk on big swings so you have to know what you are doing (and pay attention ! ).
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info@metacharttools,com
  • #135
  • Nov 17, 2015 4:57am Nov 17, 2015 4:57am
Pound running out of steam already ?
Entered some extra trades on the AUD.
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info@metacharttools,com
  • #136
  • Nov 17, 2015 7:16am Nov 17, 2015 7:16am
Waiting for a bit better short tf retrace so i could close those AUD - USD/CAD/CHF shorts but looks like it is not going to happen.
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info@metacharttools,com
  • #137
  • Nov 18, 2015 12:16pm Nov 18, 2015 12:16pm
Quoting denya
{quote} Oh ... it's good question. I'm full time trader. My main system by which I trade, and which are very popular in Russian-speaking forum - it SСALP.INC. It's scalping system and it brings me great income. In addition, I trade and learn the system: Dashboard Trading http://www.forexfactory.com/showthread.php?t=532236 Kopratasa EA & BDM http://www.forexfactory.com/showthread.php?t=530181 Basket Trading EA http://www.forexfactory.com/showthread.php?t=446654 In them I'm looking for an alternative to and development...
interesting, I'll try to register. I like scalping and Russians are indeed very clever...
Hope google can translate me
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #138
  • Edited 3:52pm Nov 18, 2015 3:25pm | Edited 3:52pm
Wondering if i am liking the wicks on the index charts or if i will only use the bodies. HL or OC.
That is LFX of course.
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info@metacharttools,com
  • #139
  • Nov 20, 2015 3:48am Nov 20, 2015 3:48am
Baskets today.

Left bottom Asia+2 sell, closed it for a small profit before Draghi opened his mouth.
Could have set BE and let it run.

Right top Asia+2 buy basket which broke at LO+2 and is running.

Right bottom EUR7 breakout (PO) basket after Draghi, not setting through.

Only thing to do today is just to try the CAD breakout in about 4 hours.
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info@metacharttools,com
  • #140
  • Nov 20, 2015 9:36am Nov 20, 2015 9:36am
Quoting Bernhard
{quote} interesting, I'll try to register. I like scalping and Russians are indeed very clever... Hope google can translate me
He he he .... Yes, russians very smart. Because we have no money and we believe in the existence of the Holy Grail.
Lack of money makes us very risky and clever.
As for me, is not a problem to make 100% on the day. The problem for me - is to save earned cash.

But I am very glad that there are such talented people like HP, GVC, Seller9, GoldenEquity, DingDong ......
I learn from them and use them perfect development.
==========================================================================
HP, please answer frankly. frankly
Which of your products do you think is the most promising and profitable.
Dashboard is very convenient for the user product, but I have not seen STABLE sets.
BasketTrading is very difficult for the user product, but it does have its advantages.
Tell me, Do you have minus baskets? What is their amount of loss compared with a profit from the basket? RiskReward.
How often happen the losses?
How long do you trade?
What are the weaknesses of the system?
How to deal with the weaknesses?
How can I help you in the development of the system?
Stay hungry to be free...
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