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BDM Trading Tips, Tricks, and Development

  • #261
  • Dec 29, 2015 6:15am Dec 29, 2015 6:15am
Can for example for pairs like USD to reverse the basket writer file, and to see the whole USB offline chart proper in one window ?

Something like reversing EURUSD to USDEUR ?
By failing to prepare, you are preparing to fail.
  • #262
  • Dec 29, 2015 7:28am Dec 29, 2015 7:28am
Quoting project13et
Can for example for pairs like USD to reverse the basket writer file, and to see the whole USB offline chart proper in one window ? Something like reversing EURUSD to USDEUR ?
Not sure what you mean.

The basket writer will reverse the OHLC prices of the reversed pairs when writing prices to the offline chart.
So the offline chart will reflect the sum of the prices.

If you mean that you want to see a basket overview fi. all 7 usd pairs on single charts and reverse some of them you are going to mix mt4 charts with "synthetic" charts and that doesn't work that well.

What you can do is find a bar reversal indicator (they are out there), create a template and apply that template to the charts you want to reverse.

Perhaps i will create one for BDM....
info@metacharttools,com
  • #263
  • Dec 29, 2015 7:50am Dec 29, 2015 7:50am
TO+2, break and run.
Attached Image (click to enlarge)
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info@metacharttools,com
  • #264
  • Dec 29, 2015 7:57am Dec 29, 2015 7:57am
Quoting Hotpotato
{quote} Not sure what you mean. The basket writer will reverse the OHLC prices of the reversed pairs when writing prices to the offline chart. So the offline chart will reflect the sum of the prices. If you mean that you want to see a basket overview fi. all 7 usd pairs on single charts and reverse some of them you are going to mix mt4 charts with "synthetic" charts and that doesn't work that well. What you can do is find a bar reversal indicator (they are out there), create a template and apply that template to the charts you want to reverse. Perhaps...

Exact that to see 1 chart with all 7 usd pairs, and to see exact how they move in just one direction. To reverse the bar's for half of usd pairs. What can be more beautiful in terms of basket trading the news?
By failing to prepare, you are preparing to fail.
  • #265
  • Dec 29, 2015 8:16am Dec 29, 2015 8:16am
Using the button from image 3 you can see it in BSM (+dash) see image 4.
You can also see the sum of the movement in the offline chart image 1 (line chart is clearer as i said)
But because you can't read a chart (sorry could not let this one slip didn't mean it ) you also want to see it in image 2.
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Attached Images
info@metacharttools,com
  • #266
  • Jan 4, 2016 4:34am Jan 4, 2016 4:34am
First trade 2016, mixed basket, GBP news.
Didn't want to trade the TO+2 because well, first trading day.
Live you should not be trading at all yet.....
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info@metacharttools,com
  • #267
  • Jan 10, 2016 7:36pm Jan 10, 2016 7:36pm
Not sure of the selected pairs in a basket ?

If it is not yet automatically locked, lock it by using the [Lock] button to prevent it from updating.
Click on one of the pair names in the buy or sell basket and a popup chart with the popup template will appear (template set in BDM settings).

If you see more pairs on the same currency and you want to see all pairs related click on the currency symbol in the currency box.
All charts related will be opened with the BDM default template (or the latest selected one). Use the [DASH] button to close the charts and get back to the BSM dashboard.

If you are happy with what you saw you can select/deselect pair(S) and generate a basket or you can continue monitoring but clicking the [Unselect] button.
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info@metacharttools,com
  • #268
  • Edited 7:57pm Jan 10, 2016 7:42pm | Edited 7:57pm
After leaving the dashboard (for now) you can do anything in BDM like pulling up the IDX charts to make sure the basket selection is sound.
The [Close] or [Dash] button will get you back to the BSM again.
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info@metacharttools,com
  • #269
  • Jan 11, 2016 3:16am Jan 11, 2016 3:16am
Didn't had high hopes for this TK+2 basket on a Monday but with some well placed Add lines.......
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info@metacharttools,com
  • #270
  • Edited 5:00am Jan 12, 2016 4:22am | Edited 5:00am
I am not a news trader but i am starting to like it.
It is quite easy.

Edit:

TP hit.
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info@metacharttools,com
  • #271
  • Jan 12, 2016 11:34am Jan 12, 2016 11:34am
No need for profit anymore so, breakeven.
Still only trade for today, GBP.

Edit 1:
Changed my mind about profit so put in a trailing.

Edit 2:
As soon as the trailing passes the BE it will take over and remove the BE.
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info@metacharttools,com
  • #272
  • Jan 12, 2016 12:07pm Jan 12, 2016 12:07pm
Yea, right.
Sound asleep at that time !
But let's try to catch it.
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info@metacharttools,com
  • #273
  • Jan 14, 2016 2:12am Jan 14, 2016 2:12am
Mistakes also happen.

TO+2 baskets setup at LO-2.

But instead of using the [ALARM] option is set the [BREAK]s.
Stupid me because the breaks occurred half an hour before London open and you can almost bet on it that these baskets will reverse after London open and will lose.
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info@metacharttools,com
  • #274
  • Jan 14, 2016 2:23am Jan 14, 2016 2:23am
There we go.
Baskets automatically closed with loss.
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info@metacharttools,com
  • #275
  • Jan 14, 2016 3:15am Jan 14, 2016 3:15am
Of course that doesn't mean that the TK+2 baskets are invalid, it just entered at the wrong time.
Take your loss and reset your break lines still using the TK+2 baskets.

As an alternative you could have looked at LO+1 baskets.

But these are the TK+2 baskets, after correcting the entry mistake.
Attached Image (click to enlarge)
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info@metacharttools,com
  • #276
  • Jan 21, 2016 7:54am Jan 21, 2016 7:54am
With all that news at the same time could not resist.
EUR even went to T2.
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Attached Image
info@metacharttools,com
  • #277
  • Edited 8:29am Jan 22, 2016 8:19am | Edited 8:29am
Gap stuff, no brainers.
Attached Images
info@metacharttools,com
  • #278
  • Edited 3:09am Jan 24, 2016 2:58am | Edited 3:09am
The vertical lines lastbar/gapbar/twogapbar.

The gapindicator uses barclose to set the values and (arrow) indicators.
Everything to the right of the lastbar line is updated in tick-mode and is NOT part of the selection/indication.

First the arrows to the right of the currencies buttons.

These represent the overall currency strength based on the average.
The numbers are fixed within the system.

A flat stripe means no to little movement.
An up or down hollow arrow means little to average movement.
A full arrow means above average movement.

If any of these directional indicators change from there original red or green color to orange it means that the currency has entered the overbought/oversold (80/20) area. The indicator will still point into the strength direction.

On the attached image and the H4 period you can still see that the USD is losing strength but the arrow down is hollow because the momentum is fading and it has the color orange because the USD is well into oversold area.

On the M15 the arrow next to the USD is still a full red one and that could mean that there is still room to get a short trade against the USD in.
Attached Image (click to enlarge)
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info@metacharttools,com
  • #279
  • Jan 24, 2016 3:35am Jan 24, 2016 3:35am
The numbers below the currencies button.

x/y

X is the last recorded gap so that is the direction difference between the lastbar line and the gapbar line. The timedifference between these lines is the charts timerame.

Y is the previous gap so that is between the gapbar line and the twogapbar line.

The color of these X and denotes the direction of the difference. White is flat, green is up, red is down.

The indicator behind these number denotes the direction and strength or the reversal of the gap.

A green caret sign up or a red one down means that the currency has switched direction between the first pair and the second pair of gap lines.
It does not say anything bout the strength at that moment, you should read that from the x/y numbers.

A hollow arrow means that both gap directions are the same but the momentum of the move is small or the same.
A full red or green arrow also means that both gaps are in the same direction but the momentum is increasing.

On the attached image you can see that on the M5 chart happening to the EUR and the CHF.
EUR for example current/previous is 8/2 so that is quite a speed up.
Attached Image (click to enlarge)
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info@metacharttools,com
  • #280
  • Jan 24, 2016 3:37am Jan 24, 2016 3:37am
Quoting Hotpotato
The vertical lines lastbar/gapbar/twogapbar. The gapindicator uses barclose to set the values and (arrow) indicators. Everything to the right of the lastbar line is updated in tick-mode and is NOT part of the selection/indication. First the arrows to the right of the currencies buttons. These represent the overall currency strength based on the average. The numbers are fixed within the system. A flat stripe means no to little movement. An up or down hollow arrow means little to average movement. A full arrow means above average movement. If any...
HP:
Thanks for the explanations.
How do we read the white dotted line please.
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