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

  • #1,001
  • Apr 15, 2024 2:14pm Apr 15, 2024 2:14pm
Quoting kirkleaforex
{quote} 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.
Yes, it works !! The timer error is not there now. Thank you @kirkleaforex for your quick reply. Really appreciate your support with this wonderful system!

The only other error is "2024.04.15 23:09:39.057 BTBA V5.2 with exit alerts (Final Version) XAUUSD,M1: OnInit(): XAUUSD is not Forex symbol, pip = point; Broker = Local -1 h. ChartID -1483477624"
If you know anything about this message, kindly let me know how to fix it.
  • #1,002
  • Edited 3:56pm Apr 15, 2024 3:09pm | Edited 3:56pm
Quoting VinuNair
{quote} Yes, it works !! The timer error is not there now. Thank you @kirkleaforex for your quick reply. Really appreciate your support with this wonderful system! The only other error is "2024.04.15 23:09:39.057 BTBA V5.2 with exit alerts (Final Version) XAUUSD,M1: OnInit(): XAUUSD is not Forex symbol, pip = point; Broker = Local -1 h. ChartID -1483477624" If you know anything about this message, kindly let me know how to fix it.
Hi again...

I am unsure about this, perhaps there is somebody else in the thread that can assist?

From what I am reading on www.metatrader4.com however, that message line in your screenshot is an Informational message line only, and not an Error message line. To me this means the indicator should be functioning okay. Can you confirm this for me please?
Trade to Live - Don't Live to Trade
  • #1,003
  • Apr 15, 2024 4:59pm Apr 15, 2024 4:59pm
Just another quick update regarding my progress with Rebels Funding.

My live account is now up 2.62% so I am slowly but surely making my way closer to my 5% profit target when I plan to withdraw that full amount, to test this process.

I am definitely getting more comfortable with the RF Trader platform. Sure it has its' limitations when you compare it to Trading View, but after a while I am finding I am getting used to this and I am now more focussed on how I can best achieve the results I am looking for with the tools that are available.

Is anybody else had an experience with Rebels Funding? If so what are your thoughts, what has been your experience overall?
Trade to Live - Don't Live to Trade
  • #1,004
  • Apr 15, 2024 5:06pm Apr 15, 2024 5:06pm
Hi everyone, first time I see this thread. It can be very good, I learnt that my trading hours are London overlapped with NY and i like action. Maybe too doubts at first because i read the first post and strategy its little changed. Any suggestions?
  • #1,005
  • Apr 15, 2024 5:44pm Apr 15, 2024 5:44pm
Quoting amargam
Hi everyone, first time I see this thread. It can be very good, I learnt that my trading hours are London overlapped with NY and i like action. Maybe too doubts at first because i read the first post and strategy its little changed. Any suggestions?
There is a reason my first post has had the strikethrough placed through all text that is no longer applicable...quite simply, it is 'no longer applicable'.

If you continue reading through the thread you will come to learn that the indicator is best used as part of a broader strategy, and that is the individual user's responsibility. The indicator is NOT to be used as a standalone trading option, so DO NOT trade blindly by entering on an arrow without first finding confluence elsewhere.

Best wishes to you and thanks for joining the thread.
Trade to Live - Don't Live to Trade
  • #1,006
  • Apr 15, 2024 8:21pm Apr 15, 2024 8:21pm
Very good setup today during NY Session
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: screenshot.png Size: 35 KB
  • #1,007
  • Apr 15, 2024 11:28pm Apr 15, 2024 11:28pm
Quoting LinuxBoy97
Very good setup today during NY Session {image} {image}
Very nice, mate. Hope you earned some nice profits in that move.
Trade to Live - Don't Live to Trade
  • #1,008
  • Apr 16, 2024 1:55am Apr 16, 2024 1:55am
Quoting kirkleaforex
{quote} Hi again... I am unsure about this, perhaps there is somebody else in the thread that can assist? From what I am reading on www.metatrader4.com however, that message line in your screenshot is an Informational message line only, and not an Error message line. To me this means the indicator should be functioning okay. Can you confirm this for me please?
Thank you @kirkleaforex. Yes, that chart is working with Buy/Sell arrows. I am using only HTF arrows at the moment as shown below.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
  • #1,009
  • Apr 16, 2024 11:08am Apr 16, 2024 11:08am
Quoting kirkleaforex
{quote} Very nice, mate. Hope you earned some nice profits in that move.
yhes my mate, moreeee piiips
and today one of my favorites setups, break with BTBA
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xau.usd.png Size: 26 KB
Click to Enlarge Name: btbta sell.png Size: 30 KB
Click to Enlarge Name: screenshot.png Size: 19 KB
  • #1,010
  • Apr 16, 2024 9:26pm Apr 16, 2024 9:26pm
Another update regarding my live Rebels Funding account.

So I ended up achieving my 5% profit target during the most recent NY session (actually ended up with 5.6%) and I immediately submitted my first withdrawal request with Rebels Funding. The automated response I received advised I should allow up to 48 hours for this request to be processed.

Later on that same day I received a personal email from Marek the CEO mentioning that I was not yet eligible for a payout as I have not allowed 14 days from the time of my first trade. The email was very polite and professional, but I will admit it was a surprise...I must not have read this condition in the FAQ's...

So I will continue to trade conservatively for the next week and a half and will update you on my withdrawal experience when I am finally able to submit a payment request.
Trade to Live - Don't Live to Trade
  • #1,011
  • Apr 17, 2024 12:01am Apr 17, 2024 12:01am
Quoting LinuxBoy97
{quote} yhes my mate, moreeee piiips and today one of my favorites setups, break with BTBA {image} {image} {image}
Congrats on catching some more pips, mate!
Trade to Live - Don't Live to Trade
  • #1,012
  • Apr 17, 2024 3:03am Apr 17, 2024 3:03am
A quick update for those in here who like to use the higher TF feature of the BTBA.

The coding team has finished the work and I am now testing to make sure it does what you have been asking about, i.e. the arrows should now appear at the close of a bar and should not then disappear.

I have high hopes that this code update works without any issues. The coding team are the best people I have ever worked with, we are very fortunate to have them.
Trade to Live - Don't Live to Trade
  • #1,013
  • Apr 17, 2024 10:03am Apr 17, 2024 10:03am
Quoting kirkleaforex
Another update regarding my live Rebels Funding account. So I ended up achieving my 5% profit target during the most recent NY session (actually ended up with 5.6%) and I immediately submitted my first withdrawal request with Rebels Funding. The automated response I received advised I should allow up to 48 hours for this request to be processed. Later on that same day I received a personal email from Marek the CEO mentioning that I was not yet eligible for a payout as I have not allowed 14 days from the time of my first trade. The email was very...
Hi Kirk.Congrats on your goal, plus.

I have reviewed some replies on Rebel and a couple of Questions if I may
1 Accepting the 14 day rule for a withdrawal from a trade I believe you cannot do another withdrawal for another 14 days from your last trade, is that your understanding also.

2 Is RF affected by a thing called a 2 minute rule (think this is related to news releases-----ie no trading allowed during this period

Do you like their platform as many people praise it's in house design speed and efficiency---I guess you are using the BTBA, disregarding the current issues with some HTF arrows.

Ok enough for tonite may the pipilionaire continue his journey

Ben
  • #1,014
  • Apr 17, 2024 1:38pm Apr 17, 2024 1:38pm
Quoting btrfx1
{quote} Hi Kirk.Congrats on your goal, plus. I have reviewed some replies on Rebel and a couple of Questions if I may 1 Accepting the 14 day rule for a withdrawal from a trade I believe you cannot do another withdrawal for another 14 days from your last trade, is that your understanding also. 2 Is RF affected by a thing called a 2 minute rule (think this is related to news releases-----ie no trading allowed during this period Do you like their platform as many people praise it's in house design speed and efficiency---I guess you are using the BTBA,...
Hey Ben, happy to answer your questions.

1) first withdrawal needs to be minimum of 14 days after your first ever trade, then subsequent withdrawals are allowed once every 14 days after that;

2) I have been through the FAQ's and also through the relative clauses in the General Terms and Conditions and cannot find anything relating to a 2 minute rule. News trading is allowed. The only trading restriction I have seen in the FAQ's is each trade needs to be open for a minimum of 30 seconds.

3) I am getting used to the RF Trader platform...it is based on TradingView charting, but there are a lot of limitations. My main issue with it is you are unable to save your preferences as 'favorites', so every time you log in you need to set up your chart preferences again, i.e. drawing tools etc. Also, there is no way to have multiple time-frames shown side by side like you can in the actual TradingView platform, only one chart window is available.

I am fortunate to have 2 monitors and I have MT4 with the BTBA arrows on one screen and the RF Trader on the other, which helps. But I no longer use the higher TF arrows as these are not required as part of my own personal strategy.
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  • #1,015
  • Apr 21, 2024 4:59pm Apr 21, 2024 4:59pm
OK, time to let you all know the BAD NEWS!

On Friday I lost my funded account with Rebels Funding, thanks to the Balance-based Drawdown Rule (and thanks to me not reading the FAQs in full before deciding to trade!)

Here's a tip for those seeking funding through a Prop Firm...don't go chasing massive gains in a single trade without trailing your Stop Loss. You could find yourself up 8% in profit, then think to yourself 'I'm happy with that so far, I am going to bed now...' and then you wake up the next morning to find that 8% profit saw a retracement of more than 5% while you were sleeping. And with a balance-based drawdown rule, such as the one with Rebels Funding and SO MANY MORE prop firms out there, if your account drops more than 5% from your highest intraday balance, you are automatically disqualified.

So I am now only ever considering prop firms where they offer a balance based drawdown using the EOD (End of Day) balance. (OR perhaps I should just consider trying to achieve smaller gains! LOL)

For those interested in researching and comparing prop firms, here is a great website I discovered last week: https://www.propfirmmatch.com/

This site offers a subscription option along with an affiliate option, but I am not a paid subscriber nor am I an affiliate, I use this site as a free member. It is a great 'aggregator' to help sort through firms which offer certain options that I like to see, i.e. how long they have been in business, profit split, withdrawal frequency, reviews, drawdown type etc.

Best wishes for your trading this week.
Trade to Live - Don't Live to Trade
  • #1,016
  • Apr 22, 2024 12:01pm Apr 22, 2024 12:01pm
Quoting kirkleaforex
OK, time to let you all know the BAD NEWS! On Friday I lost my funded account with Rebels Funding, thanks to the Balance-based Drawdown Rule (and thanks to me not reading the FAQs in full before deciding to trade!) Here's a tip for those seeking funding through a Prop Firm...don't go chasing massive gains in a single trade without trailing your Stop Loss. You could find yourself up 8% in profit, then think to yourself 'I'm happy with that so far, I am going to bed now...' and then you wake up the next morning to find that...
Do you trade FTMO funds?
How do you rate the FTMO fund?
  • #1,017
  • Apr 23, 2024 5:39pm Apr 23, 2024 5:39pm
Quoting tienvip123be
{quote} Do you trade FTMO funds? How do you rate the FTMO fund?
Hi mate.

I trade my own funds. Occasionally I like to try out a new prop firm, but to be honest I am tending more towards futures trading as a future possibility, for the regulation aspect.
Trade to Live - Don't Live to Trade
  • #1,018
  • Apr 25, 2024 1:35am Apr 25, 2024 1:35am
Quoting kirkleaforex
A quick update for those in here who like to use the higher TF feature of the BTBA. The coding team has finished the work and I am now testing to make sure it does what you have been asking about, i.e. the arrows should now appear at the close of a bar and should not then disappear. I have high hopes that this code update works without any issues. The coding team are the best people I have ever worked with, we are very fortunate to have them.
Hello @kirkleaforex , Sorry to hear that you lost funded account. I think trading own account is better as propfirms has conflict of interest with successful traders.

How is your testing with HTF feature of BTBA going on? For me M1 chart moves so fast during market hours and very difficult to successfully place orders as per the signal. So HTF feature is something I am looking forward to.
  • #1,019
  • Apr 25, 2024 6:20pm Apr 25, 2024 6:20pm
Quoting whiteso
Trade with the trend, understand basic price action and BTBA will give you some nice entries! {image} Thankyou kirkleaforex
what indicator do you have at the bottom?
  • #1,020
  • Edited Apr 29, 2024 1:55am Apr 28, 2024 7:09pm | Edited Apr 29, 2024 1:55am
Quoting VinuNair
{quote} Hello @kirkleaforex , Sorry to hear that you lost funded account. I think trading own account is better as prop firms has conflict of interest with successful traders. How is your testing with HTF feature of BTBA going on? For me M1 chart moves so fast during market hours and very difficult to successfully place orders as per the signal. So HTF feature is something I am looking forward to.
Hi VinuNair. Yes I agree, trading own funds seems to be a far better option for many people, particularly as we are seeing so many prop firms 'rug pulling', refusing payouts and so on. There are so many ponzi scams out there, it is hard to know which firm to trust nowadays.

To be honest I have not been trading recently, I have too much personal stuff happening and it needs to take priority right now, so I have not had any time to be testing anything. Regardless of this though, I am attaching the latest version of the BTBA indicator BTBA V6.0 NO exit alerts (fixed HTF Arrows) which the coding team has worked on to try and resolve the issue of the disappearing / reappearing arrows. I have high hopes that this will work correctly now.

Always keep in mind however, if you are using a higher TF arrow to support a trading decision, you need to wait for that higher TF candle to fully close. We all should be fully aware that ANYTHING can happen inside a higher TF time window, price could spike 100 pips or more in a single minute. So if for some reason a higher TF arrow appears one minute and then disappears the next, it is not a result of bad coding, it just means that the higher TF entry conditions are continually being calculated and these conditions are only valid and finalised after the higher TF candle has fully closed.

Again, if you are basing your entry decisions on a higher TF confluent signal, you need to wait for that higher TF candle to fully form and close before entering.

From here though, please note I am no longer supporting further development of the BTBA with higher TF confluence, nor am I supporting further development of the BTBA with exit alerts. The BTBA is best used on the Base TF you are using, so if you need higher TF confluence then I recommend you all find another way, a better way, to find higher TF support for your trading decisions.

Even having a 'split screen' with the BTBA on both Base and higher TF charts side by side is worth considering. The BTBA arrows on the higher TF chart are still functioning as 'Base TF' signals on that higher TF chart anyway.

I will leave it there. Fingers crossed there are no further issues.

EDIT: I just noticed an issue during the pre-London (Frankfurt) session this past hour. Have tweaked the code slightly (I do know how to do some minor coding, particularly the strategy 'logic') I hope this fixes things. To those people who have already downloaded the previous version, please delete and then download again.
Attached File(s)
File Type: ex4 BTBA V6.0 NO exit alerts (fixed HTF arrows).ex4   42 KB | 962 downloads
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