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

I liked MatchTrader

Nice!

beautiful shorts

What a beautiful sight that is. A waterfall of pips. Hope you managed to take advanrtage of that move and reel in some profits mate.

I like bitting the big apple, but currently i used more simple and powerful system with renko chart

In above images will show you Gold chart up and down movement.

in future i am looking for big apple arrow include in my system and some testing, will share soon

This indicator follows the trend quite well
Therefore we should filter out sideway regions.
Please enter DCA trend in the direction of the arrow and take profit when there is an x sign
Choose strong waves to DCA according to the arrow and you will have very good profits
You should choose strong pairs like Gold and US30. us100, ...can also be BTC
You can trade M1 frame

What is DCA?

DCA refers to 'Dollar Cost Averaging'. Read about this concept by visiting the following link to the Investopedia explanation:

https://www.investopedia.com/terms/d...r%20portfolios.

https://www.investopedia.com/thmb/4H...acc3129798.png

Thank you Kirk

Yes, The higher timeframe arrows repaints sometimes. i also observed this.

I don't think the higher TF arrows can be relied upon at this stage, at least not until the coding team have had a chance to fully investigate.

Many indicators using higher TF analysis often present issues with 'recalculating' (as opposed to 'repainting'), mainly when the chart window is refreshed, or when the TF is changed and then changed back again.

I appreciate that the higher TF arrows in this instance are disappearing in real time for some users, without the chart window being refreshed or the TF being changed. I have not experienced this myself, but to be honest it has been a while now since I last used the higher TF arrows in my own personal strategy.

Perhaps the code can be updated as a way to resolve this, I am still waiting to hear about this from the coding team. If there is a fix available I am sure they will be able to achieve it for us.

In the interim I can only recommend limiting your use of the BTBA to the Base TF as there is no risk of those signals not functioning as expected. If you then need confirmation of a higher TF confluence, you can always add the Currency Strength Lines (modded) indicator to your chart window and change the Strength Lines Time Frame to the higher TF of your choosing. After all, the only difference between the BTBA's Base TF arrows and the Higher TF arrows is the Currency Strength Lines (modded) indicator set at a higher TF.

I tested it
Not necessarily in a high frame. I use time frame M1, the X mark has been repainted
(
There are cases where the price goes strong and an X appears => I cut the order
But when I reloaded the chart, the X mark disappeared and appeared on another candle. I had a small profit cut (

I need to be very clear here so there is no misunderstanding. This post is not aimed at you specifically, tienvip123be, it is aimed at helping guide and educate people who are unaware of what 'repainting' actually means.

The issue you are experiencing with the exit alert arrows is not a 'repainting' issue, it is a 'recalculation' issue, i.e. candle and indicator data is being 'recalculated' every time a chart is refreshed. There is a BIG difference between the two concepts.

'Repainting' is when you see alerts changing position in real time. This is not always an indication of poor coding however. The Zig Zag indicator is a classic 'repainting' indicator, as are many other 'standard' indicators that are widely adopted and considered useful.

On the other side of the same coin are awful indicators with terrible coding such as the Solar Wind indicator, the Centered TMA indicator and countless others. If you refresh the chart you will see the history shows the signals to be perfectly positioned. How easy would it be to just blindly follow these and make unbelievable profits?! But in reality these indicators do not produce the same signals in real time, instead they 'repaint' in real time as new data comes in, and as such they are incredibly unreliable, even 'dangerous' to use as part of any strategy.

There is a huge difference between what is happening with a 'repainting' indicator and what is happening with a 'recalculating' indicator.

In terms of entry signals, the BTBA ENTRY alert arrows (Base time frame) do not recalculate, they simply can't move their position once a candle has closed and the arrow is printed on the screen. All data that was used to produce one of these Base time frame arrows does not change once the candle has fully formed, so there is no possible way the arrow will change position once the candle has formed as each arrow only uses whatever data was used in forming that one single candle.

The BTBA EXIT alert arrows, specifically the Currency Strength exit signal, is another beast unfortunately. This particular exit signal relies upon a mix of both Base and Higher time-frame indicator data and these alerts are therefore known to 'recalculate' if a chart is refreshed in some way, whether this be by using a separate refresh indicator, or whether the chart timeframe is changed and then changed back again.

Each time the screen is refreshed in some way, all existing data that was being used up to that point to calculate the positions of the EXIT alert arrows are also refreshed. Because a higher TF is being used in the data calculation, it is possible (even likely!) that a lot of price movement occurs inside that higher time-frame candle period. If the higher time frame is the 5 minute TF, candle data is being updated every single minute at each minute candle close, therefore you will likely see arrows appearing, disappearing and moving position within that 5 minute time window. There is simply no way to avoid this, unfortunately.

This is unlikely to affect older exit alert arrows that have already been there for a while, but it is very likely that more recent alert arrows are affected by the recalculation of data as that higher time frame candle was continuing to form. This is the reason why these specific exit alert arrows change position, or simply disappear / reappear in a different position, if the chart is refreshed in any way.

One way around this is to simply NOT refresh the chart when trading by avoiding use of an Auto Refresh indicator, or by not changing the chart time frame and changing back again. If you need to see what is happening on a different time frame, simply have another chart window open.

Regardless of all of the above though, I cannot stress enough that the BTBA indicator, like ANY indicator you will ever use, CANNOT be relied upon as a sole entry and / or exit strategy. It is just another indicator that offers a brief insight into a possible entry point, and the BTBA with exit signals offers an additional brief insight into a possible area to consider an exit. It is NOT in any way perfect, and it is definitely NOT recommended to trade blindly using the alert arrows.

The BTBA is best used in confluence as part of a greater overall trading strategy. It is very good at indicating the current directional bias, and it can occasionally be very good at indicating points of exhaustion where an exit would be recommended. But nobody should ever expect it to do things it simply can't do.

That being said, please refrain from posting in here with comments about how it doesn't work. The simple fact is NO indicators work, certainly not in the way people might want them to. Rather than point out how it is not working for you, put in the effort by experimenting with the BTBA as part of a larger overall strategy. This is how the BTBA is intended to be used. Expecting anything more is simply unrealistic and will eventually lead to disappointment.

Thank you very much for your clear explanation
Because I want to code this indi into an EA, I want to make sure for a few features
I am testing this strategy combined with MA and ichimoku to filter wrong orders
I will adjust the Currency Strength mode so that the X sign is considered in the current time frame to compare with the higher time frame.
Or we will find another indi to combine with to get a hint about SL TP score, such as ATR

Yes I think that is a good idea to try until we hear back from the coding team about the higher TF issue.

Let me know how you go!

I tested BTBA with halftrend - supertrend - EMA and Ichimoku
I realize that . EMA filter is the best (for me currently). Although it is slow, it will filter out more noise orders and reduce the account's DD than other trend indicators.
I use EMA 50/100/150/200, when they completely cross each other, I will enter an order.
Take a look at picture number 1: I put the X (CS - Currency Strength) filter on the current time frame
Picture number 2: I set the CS filter X mark in the M5 time frame
You can see that when filtering in frame M5, there will be a huge profit compared to frame M1 (currently), but because it will recalculate, when running in real time, I don't know what result it will have.
If you cut the order according to the X setting in frame M1, you will have less profit and often close the order short.
I will continue to study BTBA combined with 4 EMA but I will likely use another indicator to exit the trade.

When I am loading the BTBA ver 5.2 on M1 XAUUSD chart, it shows up arrows everything but I am seeing some error in the Experts tab as given below. My broker has XAUUSD symbol and I loaded all supporting indicators as per Post #909. Do you have any idea about these messages?

2024.04.15 19:41:36.279 Custom indicator BTBA V5.2 with exit alerts (Final Version) XAUUSD,M1: loaded successfully
2024.04.15 19:42:14.401 BTBA V5.2 with exit alerts (Final Version) XAUUSD,M1: OnInit(): XAUUSD is not Forex symbol, pip = point; Broker = Local -1 h. ChartID 1468173864
2024.04.15 19:42:14.401 BTBA V5.2 with exit alerts (Final Version) XAUUSD,M1: initialized
2024.04.15 19:42:14.457 Currency Strength Lines (modded) XAUUSD,M1: cannot set timer (5)

Journal Tab has only this message "2024.04.15 19:41:36.279 Custom indicator BTBA V5.2 with exit alerts (Final Version) XAUUSD,M1: loaded successfully"

Hi there.

If you follow the instructions in Post #936 hopefully this will fix your 'Cannot Set Timer' error.

Delete your existing Currency Strength Lines (modded) indicator and replace with the version attached to that Post. Close your Mt4 and restart to ensure the replacement indicator version has compiled correctly.

Please let me know if this works.