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BDM Trading Tips, Tricks, and Development

  • #301
  • Feb 3, 2016 5:08am Feb 3, 2016 5:08am
Quoting pax
sometimes things lined up ok HP: will you also have gap/cross alerts for BDMtcsgap in single pair mode? {image}
I am still thinking about the alarms.

What i thus far came up with is one sound (selectable) per bar despite the number of crosses and highlight the currencies that cross (same as clicking on the currency buttons on top).

The cross has to fall between the lastbar end the gapbar line.

But....i also want to implement an alarm if currencies leave the OBOS area because that is really more interesting than a cross.
info@metacharttools,com
  • #302
  • Feb 3, 2016 5:28am Feb 3, 2016 5:28am
Quoting Hotpotato
{quote} I am still thinking about the alarms. What i thus far came up with is one sound (selectable) per bar despite the number of crosses and highlight the currencies that cross (same as clicking on the currency buttons on top). The cross has to fall between the lastbar end the gapbar line. But....i also want to implement an alarm if currencies leave the OBOS area because that is really more interesting than a cross.
Thank you!
  • #303
  • Feb 7, 2016 7:15pm Feb 7, 2016 7:15pm
Hello everyone,

I've been having an issue trying to load the BDM on a black template chart. Everytime i load it on the chart and click OK, it waits for about 10 seconds then the chart is automatically closed. I've checked where i could be going wrong but could not find it.

Please help.

Thanks in anticipation.
Patience, Persistence and discipline = Holy Grail.
FUNDED FEEDER All Time Profit: $104
  • #304
  • Feb 7, 2016 8:28pm Feb 7, 2016 8:28pm
Quoting Murysco
Hello everyone, I've been having an issue trying to load the BDM on a black template chart. Everytime i load it on the chart and click OK, it waits for about 10 seconds then the chart is automatically closed. I've checked where i could be going wrong but could not find it. Please help. Thanks in anticipation.
Check the version you are using (FREE/DEMO/License) here:
http://www.forexfactory.com/showthread.php?t=574744
  • #305
  • Feb 7, 2016 8:53pm Feb 7, 2016 8:53pm
Quoting pax
{quote} Check the version you are using (FREE/DEMO/License) here: http://www.forexfactory.com/showthread.php?t=574744
Thanks
Patience, Persistence and discipline = Holy Grail.
FUNDED FEEDER All Time Profit: $104
  • #306
  • Feb 10, 2016 1:23am Feb 10, 2016 1:23am
Baskets for today selected two hours after Tokyo open.
I already set the breaks but because i want to hold trading until after London opens i turned the Alarm on so that if a break happens before the open
the alarm will sound and no trades are taken.

Also set up a GBP news trading basket but will leave that idle until news time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: basketstoday.PNG Size: 155 KB
Click to Enlarge Name: tkselection.PNG Size: 59 KB
info@metacharttools,com
  • #307
  • Feb 10, 2016 1:37am Feb 10, 2016 1:37am
Was an interesting TK session last night.
Attached Image (click to enlarge)
Click to Enlarge Name: tkopen.PNG Size: 35 KB
info@metacharttools,com
  • #308
  • Edited 2:51am Feb 10, 2016 2:38am | Edited 2:51am
Oke.......

GBPx pre news move, EURx....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: oke.PNG Size: 122 KB
Click to Enlarge Name: xmoves.PNG Size: 87 KB
info@metacharttools,com
  • #309
  • Feb 10, 2016 3:01am Feb 10, 2016 3:01am
I must admit that i did not see that the TK "buy" basket had most of the eur pairs in it.
Luckily i set i break in both directions on this basket.

Update, both triggered.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: didnotsee.PNG Size: 61 KB
Click to Enlarge Name: bothtriggered.PNG Size: 99 KB
info@metacharttools,com
  • #310
  • Feb 10, 2016 4:29am Feb 10, 2016 4:29am
Quoting Hotpotato
I must admit that i did not see that the TK "buy" basket had most of the eur pairs in it. Luckily i set i break in both directions on this basket. Update, both triggered. {image} {image}
Hi HP:
Quick question
I have not work with basket/offline line chart before,
Can I set up these TL breaks on single/live charts?

Thank you,
  • #311
  • Feb 10, 2016 4:32am Feb 10, 2016 4:32am
Quoting pax
{quote} Hi HP: Quick question I have not work with basket/offline line chart before, Can I set up these TL breaks on single/live charts? Thank you,
Yes, TTM works on offline (basket multiple symbols) and single (online) charts.

Next version will also work on idx and lfx charts.
info@metacharttools,com
  • #312
  • Feb 10, 2016 4:40am Feb 10, 2016 4:40am
Interim score +500 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: interscore.PNG Size: 177 KB
info@metacharttools,com
  • #313
  • Feb 10, 2016 6:50am Feb 10, 2016 6:50am
Forgot to look for a while.
Attached Image (click to enlarge)
Click to Enlarge Name: forgottolook.PNG Size: 170 KB
info@metacharttools,com
  • #314
  • Feb 12, 2016 6:33am Feb 12, 2016 6:33am
Let's see how this pans out.
BDMtcsgap alternate calculation against the "early crossing" normal calculation.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF2.PNG Size: 62 KB
Click to Enlarge Name: GBPCHF1.PNG Size: 57 KB
info@metacharttools,com
  • #315
  • Feb 15, 2016 9:48am Feb 15, 2016 9:48am
Nice and simple two baskets today.
Mostly on one EUR.
Draghi speaking.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurprofit.PNG Size: 148 KB
Click to Enlarge Name: eurprofit2.PNG Size: 132 KB
info@metacharttools,com
  • #316
  • Feb 17, 2016 5:04am Feb 17, 2016 5:04am
One simple TK+2 reversal at LO basket today.
Just didn't make it to TP at the pivot but i had a tight trailing stop (didn't want to close the week with a loss).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: onesimple.PNG Size: 59 KB
Click to Enlarge Name: onesimple1.PNG Size: 72 KB
info@metacharttools,com
  • #317
  • Feb 17, 2016 6:46am Feb 17, 2016 6:46am
It looks like i want everybody to "basket trade" but that is not the point.
I just want to show what real basket selection, a breakout strategy and half a hour work a day can do for your profit and not to forget your drawdown and risk when you trade.

"Real basket selection" sounds strange but what i mean is that you select a basket of pairs with the same parameters at the same point in time.

Some systems enter trades using the same conditions for each trade but on different points in time and also they seem to work together to a "basket" profit point but bail out individually.
So although they are mostly named "baskets" in my eyes they are not.

If you are trading "baskets" you normally do not exit a single pair but you look at the basket as a single trade even if a single pairs works against the whole basket. The breakout strategy will help you to keep the drawdown low (mostly only spread + commissions) and give you a longer period (usually) before the basket when it turns hit a stoploss. In a properly selected basket not all trades will suddenly turn against you.

And the statement "trading baskets will spread the risk but will yield less" has more to do with the basket selection method than being true.

This morning basket (only one) took me 10 minutes to set up and with the use of the fibo indicator select the right entry/exits/add's and entry time.
Almost no risk and a decent gain trading in total 0.35 lot (~$70 margin used).

I is so dammed easy and stress free.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: b1.PNG Size: 27 KB
Click to Enlarge Name: b2.PNG Size: 29 KB
info@metacharttools,com
  • #318
  • Feb 17, 2016 7:55am Feb 17, 2016 7:55am
Quoting Hotpotato
Let's see how this pans out. BDMtcsgap alternate calculation against the "early crossing" normal calculation. {image} {image}
Hi HP. So, does your BDMtcsgap resemble the 28pair Currency Strength double-GAP Momentum Strategy found here? I'm trying to decipher the difference between the two.

I've been a big fan of basket trading since I first discovered it in Seller9's EA. Just my opinion, but once you determine the correlation between the core and cross currencies, building a basket can be very rewarding...
  • #319
  • Feb 17, 2016 9:44am Feb 17, 2016 9:44am
Quoting iuforex
{quote} Hi HP. So, does your BDMtcsgap resemble the 28pair Currency Strength double-GAP Momentum Strategy found here? I'm trying to decipher the difference between the two. I've been a big fan of basket trading since I first discovered it in Seller9's EA. Just my opinion, but once you determine the correlation between the core and cross currencies, building a basket can be very rewarding...
iuforex,

Most currency strength meters use the same algorithm and/or formulas so there results should be sort or less the same.
Exception is BDMtcsgap (non alternative mode) which uses a different one and normalizes between 0 and 100. Bit getting used to.
info@metacharttools,com
  • #320
  • Feb 17, 2016 10:15am Feb 17, 2016 10:15am
Quoting Hotpotato
One simple TK+2 reversal at LO basket today. Just didn't make it to TP at the pivot but i had a tight trailing stop (didn't want to close the week with a loss). {image} {image}
Hello HP.

Where can found the information step by step for build a basket with BDM?

Thanks
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