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Attachments: Biting the Big Apple - XAUUSD M1 trading London close / NY open
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Biting the Big Apple - XAUUSD M1 trading London close / NY open

  • #401
  • Dec 21, 2023 6:00am Dec 21, 2023 6:00am
Quoting Adashi
{quote} Hello, It works perfectly now, thank you. Could you please reintegrate the exit alert arrow signal? It helps to identify the best moment to exit, despite cluttering the chart window. I tried the indicator on the US30 chart, and it worked for the moment I executed a successful trade with it. I am planning to use BTBA in a prop firm real account in January . PS : If anyone is interested, I can share with you a free trade manager that can execute trades, calculate the lot size, close partial trades, and move the stop-loss to breakeven...
Can you share the trade manager here please it's really appreciated
  • #402
  • Dec 21, 2023 6:04am Dec 21, 2023 6:04am
Hi all!

It is a superb thread. I would like to thank kirkleaforex for all the work he put in this hole idea. Nice work, we all appreciate the effort.
  • #403
  • Dec 21, 2023 6:56am Dec 21, 2023 6:56am
Awsome and thanks for offering the TM, please share when you get a chance
  • #404
  • Dec 21, 2023 7:38am Dec 21, 2023 7:38am
830 big win
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  • #405
  • Dec 21, 2023 8:32am Dec 21, 2023 8:32am
930 also big win

done for day
Attached Image(s) (click to enlarge)
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  • #406
  • Dec 21, 2023 9:10am Dec 21, 2023 9:10am
one quick shot
Attached Image (click to enlarge)
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  • #407
  • Dec 21, 2023 9:43am Dec 21, 2023 9:43am
Quoting MachineLearn
930 also big win done for day {image} {image}
Great trading - on your TV do you get an alert or? I dont see arrow or alike on the charts?

Thx

PC
Less is more...
  • #408
  • Dec 21, 2023 9:57am Dec 21, 2023 9:57am
Quoting pipcruiser
{quote} Great trading - on your TV do you get an alert or? I dont see arrow or alike on the charts? Thx PC
I get alerts yes, but don’t really need them because I’m only looking to trade around two very specific times.

as far as the arrows, I’ve come to the conclusion that you don’t really need them tbh. The currency strength and the WAE + HA is enough confluence for me to enter trade. The currency strength indicator is very powerful and quickly centered my system around that once I observed that.
  • #409
  • Dec 21, 2023 10:23am Dec 21, 2023 10:23am
Quoting MachineLearn
{quote} I get alerts yes, but don’t really need them because I’m only looking to trade around two very specific times. as far as the arrows, I’ve come to the conclusion that you don’t really need them tbh. The currency strength and the WAE + HA is enough confluence for me to enter trade. The currency strength indicator is very powerful and quickly centered my system around that once I observed that.
Thanks ML,

Playing with the setup on futures https://gyazo.com/6b3d330218bb28d751ede43ebc772987

PC
Less is more...
  • #410
  • Dec 21, 2023 10:40am Dec 21, 2023 10:40am
Quoting pipcruiser
{quote} Thanks ML, Playing with the setup on futures https://gyazo.com/6b3d330218bb28d751ede43ebc772987 PC
Keep in mind, my indicator may be different, my approach to the measurement of strength is to directly compare GOLD and EURUSD by observing its relative strength. I’ve tried different approaches to measuring currency strength and using EURUSD as an anchor holds strongest.. I wait for them to cross the 50 level while simultaneously crossing each other. For a buy, GOLD should be angled up and EURUSUD should be angled down. Time this with WAE, HA, and the liquidity influx around 830 and 930 and your guaranteed profit.

exiting is a whole different beast and I’m still mastering that myself

the indicator I used was previously posted
  • #411
  • Dec 21, 2023 11:53am Dec 21, 2023 11:53am
as lazy market today and not behind the computer too often but finally I have got some trades today.
Attached Image (click to enlarge)
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  • #412
  • Dec 21, 2023 12:47pm Dec 21, 2023 12:47pm
Quoting vaczak
Hi all! It is a superb thread. I would like to thank kirkleaforex for all the work he put in this hole idea. Nice work, we all appreciate the effort.
Hi vaczak, thanks for your comment and for being part of this whole experience. Great to have you here.

I look forward to reading more about your experience as we continue forward.
Trade to Live - Don't Live to Trade
  • #413
  • Edited 1:34pm Dec 21, 2023 1:22pm | Edited 1:34pm
Quoting Adashi
{quote} Hello, It works perfectly now, thank you. Could you please reintegrate the exit alert arrow signal? It helps to identify the best moment to exit, despite cluttering the chart window. I tried the indicator on the US30 chart, and it worked for the moment I executed a successful trade with it. I am planning to use BTBA in a prop firm real account in January . PS : If anyone is interested, I can share with you a free trade manager that can execute trades, calculate the lot size, close partial trades, and move the stop-loss to breakeven...
Hi Adashi, thanks for posting that free Trade Manager here for people to try out, I think it is a valuable addition to help people manage their trading discipline.

In reply to your request for a version that includes the trade exit arrow alerts I have just completed BTBA V3.1 with exit alerts (attached).

I have removed all reference to the Stochastic Oscillator Overbought and Oversold conditions for these alerts as was used previously. All exit alerts are now based around a changing TVI value and they require a certain 'Threshold' in order to be considered valid. Based on the market volume this Threshold is either 2500 / -2500 (for moderate volume) or 5000 / -5000 (for higher volume) but these values can be changed in the settings to suit market conditions.

The additional indicator inputs are as follows:

1) TVI_Buy_Exit_Threshold1 (default value '5000') - used for higher volume market conditions when the TVI has breached a value above 5000. You will notice once the Blue histogram changes colour to Coral it represents a decrease in the TVI, and this is your exit signal.

2) TVI_Buy_Exit_Threshold2 (default value '2500') - used for moderate volume market conditions when the TVI has breached a value above 2500. Again, you will notice once the Blue histogram changes colour to Coral it represents a decrease in the TVI, and this is your exit signal.

3) TVI_Sell_Exit_Threshold1 (default value '-5000') - used for higher volume market conditions when the TVI has breached a value below -5000. You will notice once the Red histogram changes colour to Light Blue it represents an increase in the TVI, and this is your exit signal.

4) TVI_Buy_Exit_Threshold2 (default value '2500') - used for moderate volume market conditions when the TVI has breached a value below -2500. Again, you will notice once the Red histogram changes colour to Light Blue it represents an increase in the TVI, and this is your exit signal.

I recommend looking back in time and seeing where the TVI 'mountains' manage to reach during periods of higher volume in the market. Place some horizontal lines on your TVI indicator window at whatever values you feel represent high or moderate volatility based on your chosen currency pair, and then change to these values in the indicator settings.

It is simple enough to remove the alert crosses altogether by changing the values to a number that is unobtainable, i.e. 100,000 (any number you feel the TVI indicator would never reach). This would be useful if you only want the 'high volume' exit crosses appearing, for example...change the values to a high number for the Threshold2 alert crosses.

As always, these exit alerts may not be suitable for everyone and the signals themselves may not represent an ideal exit opportunity, they are simply a discretionary approach to exiting a trade based on the changing values of the TVI indicator 'mountains'.
Attached File(s)
File Type: ex4 Biting the Big Apple V3.1 with exit alerts.ex4   26 KB | 443 downloads
Trade to Live - Don't Live to Trade
  • #414
  • Dec 21, 2023 1:32pm Dec 21, 2023 1:32pm
Hi Kirk,
maybe you overlooked my post #375 as no answer could you pls check? Thanks
https://www.forexfactory.com/thread/...8#post14695588
  • #415
  • Dec 21, 2023 1:36pm Dec 21, 2023 1:36pm
Quoting teapeak
Hi Kirk, maybe you overlooked my post #375 as no answer could you pls check? Thanks https://www.forexfactory.com/thread/...8#post14695588
Thanks teapeak, you are right...totally missed it!

Can you private message me so we can discuss away from the thread, thanks mate. I need to check a few things with you so I fully understand your question.
Trade to Live - Don't Live to Trade
  • #416
  • Dec 21, 2023 1:44pm Dec 21, 2023 1:44pm
Here is a good example of how the exit alert crosses can be utilised in the new BTBA V3.1.

See attached screenshot. I have changed the indicator settings so that the Threshold2 exit alert crosses do not appear - only the Threshold1 crosses are visible.

For context, in the screenshot the Lime Green solid vertical line represents the New York open and the Lime Green dotted vertical line is 2 hours after this.

You can see when the market is really moving strongly these crosses will definitely give you an idea of when to exit.

The crosses can also be seen as possible market reversal points, i.e. after you see a Blue buy exit cross, you can decide whether the next Black sell arrow alert is a good trade entry point, and vice-versa.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
Trade to Live - Don't Live to Trade
  • #417
  • Dec 21, 2023 1:48pm Dec 21, 2023 1:48pm
And here is the same chart but with the additional Threshold2 crosses also visible.

Threshold1 exits = high volume in the market with a lot of directional movement in the currency pair;
Threshold2 exits = moderate volume in the market with considerable movement in the currency pair.

It is worth experimenting with these levels based on your chosen currency pair and decide what works best.

IMPORTANT: the exit alert crosses may also be used in deciding whether or not to open a new trade in the same direction after exiting. These 'threshold' levels can be seen as possible 'extremes', similar to a Stochastic overbought / oversold level.

It is worth thinking twice about opening a new BUY trade if the TVI value is above the upper Threshold1 exit value, and the same for opening new SELL trades if the TVI value is below the lower Threshold1 exit value.

Always use your own discretion.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 26 KB
Trade to Live - Don't Live to Trade
  • #418
  • Dec 21, 2023 5:17pm Dec 21, 2023 5:17pm
Quoting MachineLearn
{quote} Keep in mind, my indicator may be different, my approach to the measurement of strength is to directly compare GOLD and EURUSD by observing its relative strength. I’ve tried different approaches to measuring currency strength and using EURUSD as an anchor holds strongest.. I wait for them to cross the 50 level while simultaneously crossing each other. For a buy, GOLD should be angled up and EURUSUD should be angled down. Time this with WAE, HA, and the liquidity influx around 830 and 930 and your guaranteed profit. exiting is a whole different...
https://www.tradingview.com/chart/bunnYMfH/

Try this exit signal, may be helpful
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 59 KB
  • #419
  • Dec 22, 2023 12:27am Dec 22, 2023 12:27am
Quoting MalvernTrust
{quote} https://www.tradingview.com/chart/bunnYMfH/ Try this exit signal, may be helpful {image}
Thanks Buddy!

PC
Less is more...
  • #420
  • Dec 22, 2023 2:24am Dec 22, 2023 2:24am
Quoting teapeak
as lazy market today and not behind the computer too often but finally I have got some trades today. {image}
How (Based on what) do you hold the second trade? because there are red arrow appearing opposite with your trade. Many thanks!
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