This has been a very strange week. While it does happen from time to time, there were no trades
on basic. This, as it turns out was a good indicator of what’s been happening (as always). For those that don’t know, basic uses Smart Volume Analysis methods of mine and places trades 24/7. If a trade exists it takes it, if it doesn’t, no trades. It’s very simple and very accurate too. However… If there are no trades, there’s usually a good reason. In an effort to “put some numbers on the board” I was anxious to get things rolling even though nothing was right volume wise. I took some MHTC type trades on standard and advanced that weren’t great. As you likely know there have been some pretty extreme moves on many pairs due to the CHF/ECB news. The Group/Basket trade I took got off to a very slow start and I ended up closing with only a very small profit instead of what could have been a 250+ trade as one client pointed out had I stayed with it just one or two more bars. I do have to sleep though.
Standard which I think causes the most confusion with clients had some MHTC trades this week as well which are trades taken that don’t necessarily conform to Smart Volume Analysis signals or techniques. These are generally riskier and also longer term trades. For this reason combined with the news I had the standard turned off for much of this week. However there was an issue where a personal trade not meant to be sent through, was. If you noticed the heart beat is off and has been, this is because the EA is not running. It shouldn’t send trades but apparently, at least for one client, it did. I am investigating this with the copier developers.
I am going to be making some changes this weekend with the help of some clients so that everything is more stream lined as it’s too confusing now what people should be looking for and setting up. It’s also a bit more taxing managing it all. Traderelayer trades are based on Smart Volume Analysis and should reflect that in every trade. The MHTC stuff is fine for me on a personal level but tends to be too risky and long term for what most users goals are. Basic tends to be great but due to optimization tends to not take a lot of trades unless conditions are absolutely perfect which the for the last couple of weeks has not been the case . I will combine basic alerts and standard features into a single option (with copier) I will also”turn on” some more signals and pairs in an effort to get some more trades. Advanced will remain unchanged and of course will include all the other alerts as well.
It’s my daughter’s birthday today so I may be slower than usual to answering tickets but if you have any questions or issues, as always, please let me know using the support link in the website.
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