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BDM Trading Tips, Tricks, and Development

  • #201
  • Nov 29, 2015 2:19pm Nov 29, 2015 2:19pm
BDMv1.26 stop working on recent MT4 v920 update
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Forex can only be understood backwards, but it must be traded forwards.
  • #202
  • Nov 29, 2015 10:54pm Nov 29, 2015 10:54pm
BDMv1.26 Update
Attached File(s)
File Type: zip BDM126update.zip   779 KB | 270 downloads
info@metacharttools,com
  • #203
  • Nov 29, 2015 11:02pm Nov 29, 2015 11:02pm
TO+2 and LO-1
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By failing to prepare, you are preparing to fail.
  • #204
  • Nov 29, 2015 11:10pm Nov 29, 2015 11:10pm
I am crazy or the correlation of the pairs is bad and is nothing to make a basket ?

Maybe CADJPY,CHFJPY,EURJPY,GBPJPY .. ?
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By failing to prepare, you are preparing to fail.
  • #205
  • Nov 29, 2015 11:33pm Nov 29, 2015 11:33pm
Quoting project13et
I am crazy or the correlation of the pairs is bad and is nothing to make a basket ? Maybe CADJPY,CHFJPY,EURJPY,GBPJPY .. ? {image}
If you add a trade channel to the charts it might make it clearer.

Tip:

You do not have to fill in the pairs in a basket by hand if you want to have a look at the charts.

Use the [p]review button in the BSMdash or generate the basket and enter the basket name in the Basket filename field.
You can always regenerate the basket after after you had a look at the charts and decide to de-select some pairs.
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info@metacharttools,com
  • #206
  • Nov 29, 2015 11:49pm Nov 29, 2015 11:49pm
Quoting Hotpotato
{quote} If you add a trade channel to the charts it might make it clearer. Tip: You do not have to fill in the pairs in a basket by hand if you want to have a look at the charts. Use the review button in the BSMdash or generate the basket and enter the basket name in the Basket filename field. You can always regenerate the basket after after you had a look at the charts and decide to de-select some pairs. {image}
I usually use the P, but today was from all pairs from different hour to check them all.

Beside BSMshicchannel is there any indicator that can be saved in BDMtdi to autodraw channel?
By failing to prepare, you are preparing to fail.
  • #207
  • Nov 29, 2015 11:51pm Nov 29, 2015 11:51pm
Or I just put it on short cut and apply on chart fast?
By failing to prepare, you are preparing to fail.
  • #208
  • Nov 30, 2015 12:09am Nov 30, 2015 12:09am
Quoting project13et
{quote} I usually use the P, but today was from all pairs from different hour to check them all. Beside BSMshicchannel is there any indicator that can be saved in BDMtdi to autodraw channel?
I have to look up their exact names but you have two versions of the trade and shi channel indicator.
Both come in a "one shot" version and these draw the channels and exit right away so you can not save them on a template.
The other two you can save.

Will post it later on.
info@metacharttools,com
  • #209
  • Nov 30, 2015 1:32am Nov 30, 2015 1:32am
Quoting Hotpotato
BDMv1.26 Update {file}
thx
Forex can only be understood backwards, but it must be traded forwards.
  • #210
  • Nov 30, 2015 1:39am Nov 30, 2015 1:39am
@project13

Copied you TO+2 buy basket because i did had a lock.
Looks a lot like my live basket but both left out the CADCHF because of the correlation.
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info@metacharttools,com
  • #211
  • Nov 30, 2015 1:44am Nov 30, 2015 1:44am
Quoting Hotpotato
@project13 Copied you TO+2 buy basket because i did had a lock. Looks a lot like my live basket but both left out the CADCHF because of the correlation. {image}

So in the end there is no big difference between the brokers? I think it's normal to be a little difference because of the GMT difference , even short term candle look different on GMT+1 vs GMT+2 but for long term it should be the same think.
By failing to prepare, you are preparing to fail.
  • #212
  • Nov 30, 2015 8:30am Nov 30, 2015 8:30am
Quoting project13et
{quote} So in the end there is no big difference between the brokers? I think it's normal to be a little difference because of the GMT difference , even short term candle look different on GMT+1 vs GMT+2 but for long term it should be the same think.
No, not here.
Your TK baskets both would both have done it (LO open at the cross).
The TP on the sell basket was hit also if it wasn't for that pesky 2000 ms update.....
Will resolve that in the next version.
And it was a news free day.
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info@metacharttools,com
  • #213
  • Dec 1, 2015 12:15am Dec 1, 2015 12:15am
@project13

Same for today TK+2 ?

If so, these are difficult. TP1 and TP2 have already been broken so it is not easy to establish new TP points.
A tight Trailing stoploss will prevent loss on a turnarount.
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info@metacharttools,com
  • #214
  • Dec 1, 2015 12:20am Dec 1, 2015 12:20am
TO+2 , only 5 coins got the same direction when I check them. but I place the BO after LO open and after the first 15 min candle close.
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By failing to prepare, you are preparing to fail.
  • #215
  • Dec 1, 2015 5:34am Dec 1, 2015 5:34am
New tool
http://www.forexfactory.com/showthre...24#post8618624
info@metacharttools,com
  • #216
  • Dec 1, 2015 5:43am Dec 1, 2015 5:43am
I decided to stop and open the USD baskets to see what the nesw does.
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info@metacharttools,com
  • #217
  • Dec 1, 2015 9:41pm Dec 1, 2015 9:41pm
How you get BTM in the same window with the basket EA ? Since BT_14_27 it's EA , same for BTM
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By failing to prepare, you are preparing to fail.
  • #218
  • Dec 1, 2015 10:59pm Dec 1, 2015 10:59pm
Quoting project13et
How you get BTM in the same window with the basket EA ? Since BT_14_27 it's EA , same for BTM {image}
Good morning.

You can't.
BTM has to run on a separate chart.
Haven't figured out a nice combination yet.

Btw. TK+2 was a no go for me, now waiting for LO-1.
info@metacharttools,com
  • #219
  • Dec 1, 2015 11:11pm Dec 1, 2015 11:11pm
Quoting Hotpotato
{quote} Good morning. You can't. BTM has to run on a separate chart. Haven't figured out a nice combination yet. Btw. TK+2 was a no go for me, now waiting for LO-1.

Maybe can BTM be transformed in a indicator ? Like that you can attach to a EA
By failing to prepare, you are preparing to fail.
  • #220
  • Dec 1, 2015 11:20pm Dec 1, 2015 11:20pm
Quoting project13et
{quote} Maybe can BTM be transformed in a indicator ? Like that you can attach to a EA
You can't open and close trades from an indicator, that has always has been the big problem.
But with the coming TTM (Total Trade Manager) BTM will become obsolete.
info@metacharttools,com
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