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BDM Trading Tips, Tricks, and Development

  • #281
  • Edited 4:30am Jan 24, 2016 4:07am | Edited 4:30am
Example.

On M5 the CAD had a sharp turnaround and the EUR and CHF are going down with an increasing momentum.

On M15 the CAD has room to go further up and the EUR and CHF are flatting so could predict a turnaround.

on H4 (logical this should be H1 and not H4) the EUR is flattening out and already in oversold area the CHF isn't there yet.
You do have to think about the CAD because on H4 (bad example for M5 trades) is already in oversold area.
(I must apologize for the error on the H4 because the up arrow right of the CAD button shoul be orange due to the oversold condition, will fix that).

So a potentional trade would be long CADCHF and in lesser extend short EURCAD.

See attached images.

Best way is to look for crosses around the 50 area (40/60) because both currencies have room to move.

80/20 is overbought/oversold, 70/30 is slightly overbought/oversold.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: needexplain.PNG Size: 82 KB
Click to Enlarge Name: cadchfcadeur.PNG Size: 82 KB
Click to Enlarge Name: cadchf.PNG Size: 75 KB
info@metacharttools,com
  • #282
  • Edited 4:45am Jan 24, 2016 4:27am | Edited 4:45am
Quoting pax
{quote} HP: Thanks for the explanations. How do we read the white dotted line please.
The white dotted line is the average absolute movement of the currencies and it is not related to the 50 mark line.
If that line is flat the movement between currencies is low, if that line is rising the movement between them is growing.
The H4 chart is a good example.

So if you have trades in and that dotted line is flattening or going down you should have a look at your trades because the move(s) will probably flatten out and it is time to take profit.

And if you click on one of the selected pairs (named behind cross/buy/sell) and you go to the popup screen the white line will still represent to total movement of currencies and not just the selected pair.
Attached Image (click to enlarge)
Click to Enlarge Name: whitedotted.PNG Size: 90 KB
info@metacharttools,com
  • #283
  • Jan 24, 2016 5:06am Jan 24, 2016 5:06am
Quoting Hotpotato
{quote} The white dotted line is the average absolute movement of the currencies and it is not related to the 50 mark line. If that line is flat the movement between currencies is low, if that line is rising the movement between them is growing. The H4 chart is a good example. So if you have trades in and that dotted line is flattening or going down you should have a look at your trades because the move(s) will probably flatten out and it is time to take profit. And if you click on one of the selected pairs (named behind cross/buy/sell) and you...
Thanks HP!
  • #284
  • Jan 25, 2016 10:07am Jan 25, 2016 10:07am
Quoting Hotpotato
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...
Hi HP:
I am using the BDMGAPv1 template but it does not show the X/Y values.
Is this feature only in the future release or I need to set it up somewhere?
Thank you.
  • #285
  • Jan 25, 2016 11:47am Jan 25, 2016 11:47am
Quoting pax
{quote} Hi HP: I am using the BDMGAPv1 template but it does not show the X/Y values. Is this feature only in the future release or I need to set it up somewhere? Thank you.
Well, the 1.30 release should be ready, but it isn't.

Here is the solo one.
Attached File(s)
File Type: ex4 BDMtcsgap1.00.ex4   80 KB | 208 downloads
info@metacharttools,com
  • #286
  • Jan 25, 2016 1:02pm Jan 25, 2016 1:02pm
Quoting Hotpotato
{quote} Well, the 1.30 release should be ready, but it isn't. Here is the solo one. {file}
Thanks HP!
Nice bounce on UCAD today.

Attached Image (click to enlarge)
Click to Enlarge Name: UCAD 2016-01-25_14-00-32.png Size: 89 KB
  • #287
  • Jan 25, 2016 4:40pm Jan 25, 2016 4:40pm
Quoting pax
{quote} Thanks HP! Nice bounce on UCAD today. {image}
Yes, long term trade.

That signal coming from oversold and overbought is not yet caught but will be in the next version.
info@metacharttools,com
  • #288
  • Jan 26, 2016 10:10am Jan 26, 2016 10:10am
Quoting pax
{quote} Thanks HP! Nice bounce on UCAD today. {image}
Just to late.....my fault with the slow releases.
Attached Image (click to enlarge)
Click to Enlarge Name: toolate.PNG Size: 72 KB
info@metacharttools,com
  • #289
  • Jan 27, 2016 7:12am Jan 27, 2016 7:12am
Indicator levels for strength and gap display can be modified (and saved on the template) through the levels tab.
So if you rather have 23.6 and 61.2 etc......
Attached Image (click to enlarge)
Click to Enlarge Name: levels.PNG Size: 107 KB
info@metacharttools,com
  • #290
  • Jan 28, 2016 5:46am Jan 28, 2016 5:46am
Spot the difference and does it matter.

Left recalculated currency strength to fibo levels, middle just plain like it is now, right adjusted horizontal line values.
Fibo levels (left) say "do not trade above 161" i say "do not trade above 80 " (or 76 right picture) but is is the same.

Mmm, wisdom.
Attached Image (click to enlarge)
Click to Enlarge Name: findsimon.PNG Size: 47 KB
info@metacharttools,com
  • #291
  • Jan 28, 2016 5:58am Jan 28, 2016 5:58am
Quoting Hotpotato
Spot the difference and does it matter. Left recalculated currency strength to fibo levels, middle just plain like it is now, right adjusted horizontal line values. Fibo levels (left) say "do not trade above 161" i say "do not trade above 80 " (or 76 right picture) but is is the same. Mmm, wisdom. {image}
but the white dotted line is different on the left (?)
thanks HP!
  • #292
  • Jan 28, 2016 6:13am Jan 28, 2016 6:13am
Quoting pax
{quote} but the white dotted line is different on the left (?) thanks HP!
That one is not "fibo ajusted" yet.
It is just an experiment to see if there are any benefits to be gained from a massive amount of extra calculations.
But i do not see them, i am used to the > 80 or < 20 stop or go for the reversal !
info@metacharttools,com
  • #293
  • Jan 29, 2016 2:35am Jan 29, 2016 2:35am
Friday JPYs

Attached Image (click to enlarge)
Click to Enlarge Name: Friday JPYs moves 2016-01-29_3-28-38.png Size: 93 KB
  • #294
  • Jan 29, 2016 6:40am Jan 29, 2016 6:40am
Quoting pax
Friday JPYs {image}
Yup, they are killing me.
info@metacharttools,com
  • #295
  • Jan 31, 2016 5:44am Jan 31, 2016 5:44am
Quoting Hotpotato
{quote} Yup, they are killing me.
Hi HP:
It was totally news-driven.

BDMtcsgap1.00: Along with the on-screen notifications, I think it would be nice to nice to have pop-up alarms for the gaps and crosses.

Thanks,

Attached Image (click to enlarge)
Click to Enlarge Name: BDMtcsgap 2016-01-31_6-16-43.png Size: 127 KB
  • #296
  • Feb 2, 2016 9:19am Feb 2, 2016 9:19am
Quoting pax
{quote} Hi HP: It was totally news-driven. BDMtcsgap1.00: Along with the on-screen notifications, I think it would be nice to nice to have pop-up alarms for the gaps and crosses. Thanks, {image}
Are you sure, do you know how many crosses there are on M1 and M5 charts ?
But we are thinking about a (silent ) warning system.
info@metacharttools,com
  • #297
  • Feb 2, 2016 9:47am Feb 2, 2016 9:47am
Quoting Hotpotato
{quote} Are you sure, do you know how many crosses there are on M1 and M5 charts ? But we are thinking about a (silent ) warning system.
Any kind of warning system is fine HP.
Something to alert me that a group of JPY pairs are crossing/gaping maybe.

  • #298
  • Edited 6:54pm Feb 2, 2016 11:24am | Edited 6:54pm
Quoting pax
{quote} Any kind of warning system is fine HP. Something to alert me that a group of JPY pairs are crossing/gaping maybe.
You just gave me an interesting idea.

Instead of matching currencies of a pair to come from OB/OS OS/OB just warn if a single currency goes from OBOS on his way to the other side.

indeed

Edit, JPY going into OBOS alrarm
Attached Image (click to enlarge)
Click to Enlarge Name: jpyinobos.PNG Size: 36 KB
info@metacharttools,com
  • #299
  • Feb 3, 2016 2:25am Feb 3, 2016 2:25am
Something brewing here.
Attached Image (click to enlarge)
Click to Enlarge Name: brewing.PNG Size: 24 KB
info@metacharttools,com
  • #300
  • Feb 3, 2016 3:46am Feb 3, 2016 3:46am
sometimes things lined up ok

HP: will you also have gap/cross alerts for BDMtcsgap in single pair mode?

Attached Image (click to enlarge)
Click to Enlarge Name: GN 2016-02-03_4-32-46.png Size: 129 KB
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