Get started

Trading Tools

Auto-delivering TradingView Alerts into MT4, MT5Check out TradingConnector (dot_com), an integration tool, which enables auto-delivery of TradingView Alerts in to MT4 and MT4, to trade Forex, commodities and indices! Delivery time is below 1 second, so it can be even used for scalping, as well as higher timeframe trading. Disclaimer: This is no financial advice nor any financial service. Remember – 95%+ traders lose money. You are trading at your own risk.
Education
by Send-TV-Alerts-to-MT4-MT5
1
Introduction to the BEST Trade ManagerHello traders Let me highlight what the BEST Trade Manager can do for you. The Trade Manager adds another layer to your own systems, enabling custom user-defined stop-loss/take-profits and real-time analysis with risk-to-reward ratios. We made it as such the visual rendering is also very nice on mobile devices. Reviewing: - How to connect your own indicator(s) - How to read the graphical elements - The 8 Stop-Loss options - The 4 Take-profit options - The alerts and dynamic alerts for trading automation Links are in my signature for more information about it Wishing you all the BEST for your trading using it. Dave
Education
by Daveatt
8
How to Use the Baseline ChartThe chart we made today shows the price of gold as a Baseline chart. The Baseline chart shows price movements relative to a baseline that you choose anywhere from 0% (the lowest point) to 100% (the highest point). This chart shows gold since the last 1970s with a Baseline of 50%. Why is this interesting? The chart can show you if an asset is above or below a specific baseline over any period of time. For gold, we see it is well above its average price (50% baseline) and it's been trading above that average level for years (the line turns green when an asset is above the baseline level and red when it is below). To start using the Baseline chart, follow these simple steps: Step 1 - Change your chart layout to Baseline. Press the Chart Style button at the top of your chart and select Baseline in the drop down. Step 2 - Go to your chart Settings by right clicking or double tapping on the chart line. Step 3 - In your chart settings, find and adjust your Base Level to a percentage you want to see. This can be anywhere from 0% to 50%. We hope you enjoyed this chart and how to use the Baseline chart to follow any asset. Please press Like if you enjoyed this tutorial or write a comment below.
COMEX:GC1!Education
by TradingView
12
Looking at short interest of some US stocks [Crowded Shorts]Hello, I have to look at some details on a FX strategy and it is alot of mental effort, therefore here I am looking at high short interest on stocks that I do not even trade :) Let's look together at the most shorted stocks in the USA. What I think happens in Wall Street is every one copies every one. If a fund misses out on something that every one else has been doing, their clients will be unhappy. If a fund loses money but every one else did too "it was a hard year so it's normal. "We didn't do worse than the competition" and clients stay with them rather than look for another 2/20. I would classify groups of market participants in such a way: - sovereign funds - pensions etc - hedge funds - biggest fund in the world: japan families/housewives (they are all bound to the same laws and fundamentals, they are half the reason why crypto went up I think, the other half being USDT) - noob retail (represented via what robinhood users are doing) - banks but not that much - warren buffet - entire community positions (short interest for example) - twitter, wallstreetbets, other social networks? First, by dollar volume: Looking at the 2 other companies in the top 5 by % shares shorted that I didn't look at already (the 3 were match tdoc mdco): What are all these countertrend warriors? GM has an mcap of 50 billion (mdco is only 6 bil big for example), not in an uptrend, and it is not even in the top 150 most shorted stocks... GE: 100 billion market cap. Not in the top 150! What can more easilly shoot up 200%? A little scooter mcap of 5 billion, or a giant cruiser ship of 100 billion? It's not like they have 0 trading volume... I heard in the media that wall st shorting stocks was a bearish sign but I'd rather not listen to these clowns. Maybe it was far in the past. Maybe in some cases. Not when the whole herd does the same thing. In the top 150 most shorted stocks I look at the ones with the lowest float % shorted: Netflix already done, trending down Charter com already done, going up That's only a few examples, it would require way more study. But looks like the very shorted ones are bad to short, just the herd brainlessly piling up, under 10% seem fine. First impressions are that stocks shorted 5-9% might be a sign something is up, or at least it is not a reason NOT to short. But these > 20% like Tesla are just too much. Shorting > 30% is just asking for huge short squeeze candles and as well as gaps up. And using options won't solve the issue of the price going up and it being a loser just because everyone else is getting margin called. First impression was probably correct. The herd is brainlessly doing what others are doing. Trading as a individual competing with huge companies super computers etc is not that hard really, how obvious can it be to not short crowded shorts? It's really easy, ye 95+% fail, they're all just either irrational, braindead, or don't put in the thousands of hours required. Duh! What? You need over 10,000 hours of learning & experience to get anywhere (or at the bare min 5k for a +1 std dev IQ)? NO WAY! Wow this is so hard. You actually have to spend some time actively getting good like with anything else even video games? Impossible! Every one wants to be a countertrend trader smh. Not just countertrend, ALL TIME HIGH & 25% of all shares sold short countertrend trader. So stupid. There's no excuse. It is stupid.
NASDAQ:TSLAEducation
by MrRenev
7
Quickly Measure Time & Change (Hold Shift + Click the Chart)This chart shows the price of Crude Oil (CL1!) over the last few years. It is a daily chart and we're going to use it as an example to show you how to quickly measure the time and price change of any asset. Today, major news came out of the Middle East about a conflict that involves the US, Iran, and Iraq. The news had oil spiking higher. However, when you zoom out, you can see a much bigger move has already been in motion since crude oil bottomed in late 2018. Since that day, more than 375 days ago, crude oil is up 48%. Measuring the distance and change of an asset is easy. Press and hold "Shift" on your keyboard and click on the chart. This measurement tool will show you price change, percentage change, total bars, and time. Follow these steps: Step 1 - Open a chart for an asset you're interested in. Step 2 - Hold "Shift" and click on the chart from where you want to measure. Step 3 - Drag your measurement point to any distance you need. We hope you enjoyed this chart and quick tip. If you enjoyed it, press Like or leave a comment.
NYMEX:CL1!Education
by TradingView
10
Central bank calendar for 2020Here are the important dates. * The small red lines are supposed to indicate the EUR & USA central bank meeting dates. Looks like February might be dead, with maybe a bit going on in Oceania. May calm, maybe some UK & Oceania going on just like the end of 2019, August dead but who cares, and the rest of the year interesting especially June so just like 2019 maybe. I have some things on the radar for January already. I am planning my year around this calendar. Also let's not forget the 2020 election too, this might be the most important date. For stocks & indices of course but even for those that don't trade those or don't trade them much (like me). Going to be an interesting year... In the world of Currencies Gold Metals Energy which is what I do, also what will happen with the climate change hysteria is going to be interesting. There's a large part of the population that think the world is going to end so what will they do? They will impact politics and the economy. 10% of israel population are in a sect branch of judaism and the government does some of the thing they want, muslims... well I don't even need to explain that... 10% are salafists which is the world most powerful "cult" or "sect" with a huge impact, and in Eu & Na I guess the number is the same? 10% are deathly afraid of CO2? They will have some impact and this will definitely drive the price of Oil NatGas Copper Nickel which I have in my watchlist, as well as have some impact obviously on the economy. And will socialism grow? Or fade out? I myself guess it will die out just like in the UK... Seriously, germans voted for Hitler but they were starving. EU & NA populations are not starving so why would they go full insane. East europe went full insane but that was their revolution, they overreacted as usual. France had their revolution in 1789 and it was followed by a period of terror, then Napoleon, then changing governments... Took what like a century to go to a clean democracy? Soviets had socialism with going back and forth between capitalism and full communism from 1920 to 1990, nothing surprising there. I doubt they will go back. What people call "capitalism" is just the natural order of things. Like it or not everything has a price and a reward. Nothing gets magically created. Nothing is lost, nothing is created, everything is transformed. Well, going to be a fun year. I probably won't post much about stock indices, I am just perma long till the Dow gets to ~33k, I won't post much about Bitcoin it is so boring, there is the halving and also now is when satoshi gets his coins? Might be interesting actually. Just going to focus on USD EUR GBP CAD AUD NZD SEK JPY CHF GOLD NATGAS USOIL COPPER NICKEL.
Education
by MrRenev
Chart theme by PaintChart - Facebook Symbol Candles: 4267B2, FA3E3E Borders line: 4267B2, FA3E3E Wick: 4267B2, FA3E3E Last Value Line: Thickness 3 Appearance Background: E9EBEE Vert Grid Lines: FFFFFF - Line Horz Grid Lines: FFFFFF - Line Scales Text: 4267B2 Scales Lines: 4267B2 Crosshair: 4267B2 - Dashed Line Style Growing: 4267B2 - Opacity 50%
 Falling: FA3E3E - Opacity 50%
 --- 

Chart -> Chart settings -> Color -> Click the Add custom color button and paste each color code. If you like this theme, please click Like button!
BITFINEX:BTCUSDEducation
by UnknownUnicorn5815487
How to Compare the Year-To-Date Performance of Any Two AssetsWe created this chart to show the year-to-date performance of Bitcoin (candlesticks) compared to the year-to-date performance of the S&P 500 (orange line). Here's how you can create a chart like this to compare assets and their year-to-date performance: Step 1 - Create a chart for the asset you're interested in by typing its name into the search box. Step 2 - Press the YTD (year-to-date) button at the bottom of the chart to set its time frame. Step 3 - Press the 'Compare' button at the top of your chart and select the assets you want to compare. Step 4 - Your chart will now show two assets and their YTD performance in percentage terms. As 2019 comes to an end, this simple solution shows what assets performed best, worst or shared interesting correlations. Traders and investors can use this to reflect on lessons learned or gain insights into what the new year could bring. If you enjoyed this quick written lesson, please press Like and Share it with a friend. If you want to see more like it, write in the comments with your questions and feedback!
BITSTAMP:BTCUSDEducation
by TradingView
9
Chart theme by PaintChart - Evian Symbol Candles: 007CBB, E1194A Borders line: 007CBB, E1194A Wick: 007CBB, E1194A Last Value Line: Thickness 3 Appearance Background: F7D8DF Vert Grid Lines: FFFFFF - Line Horz Grid Lines: FFFFFF - Line Scales Text: 007CBB Scales Lines: 007CBB Crosshair: 007CBB - dash line Style Growing: 007CBB - Opacity 50%
 Falling: E1194A - Opacity 50%
 --- 

Chart -> Chart settings -> Color -> Click the 'Add custom color' button and paste each color code. If you like this theme, please click Like button!
BITFINEX:BTCUSDEducation
by UnknownUnicorn5815487
EURUSD LONG - TradingView to MT4 BotSide: Long Risk: 10% SL: 60 pips Noice start this week! SEND SIGNALS FROM TRADINGVIEW TO MT4 www.tradingviewtomt4.com POSSIBLE COMMANDS Open Orders buy_SYMBOL_SLinPoints_Risk% sell_SYMBOL_SLinPoints_Risk% buy_SYMBOL_SLinPrice_Risk% (can be used for dynamic values) sell_SYMBOL_SLinPrice_Risk% (can be used for dynamic values) buy_EURUSDi_150_0.05 = opens a buy order on EURUSD with an SL 150 points away with 5% risk if SL triggers sell_EURUSDi_1.10200_0.03 = opens a sell order on EURUSD with an SL at 1.10200 with 3% risk if SL triggers Close Orders close_SYMBOL_%toClose_none close_SYMBOL_%toClose_break close_SYMBOL_%toClose_(price) (can be used for dynamic values) close_EURUSD_50_none = closes 50% of an open order and SL stays the same close_EURUSD_0_break = closes 0% of an open order and SL moves to breakeven if trade is in profit close_EURUSD_25_1.10200 = closes 25% of an open order and SL moves to price that is stated Update Orders update_SYMBOL_SL1_SL2 (can be used for dynamic values) The logic of this command differs slightly and serves as a trailing stop between two dynamic values if your indicator provides that. For example, if current trade is a BUY, after sending this command, it will move Stop Loss to SL1, if it’s a SELL, it will move Stop Loss to SL2. update_EURUSDcn_1.10300_1.10100 = If we are in a BUY, Stop Loss would be updated to 1.10300. If we were in a SELL, Stop Loss would be updated to 1.10100. If you used dynamic values in trading view, the command would essentially look like this: update_EURUSDcn_{{plot_3}}_{{plot_4}} SEND ALERTS FROM TRADINGVIEW TO MT4 www.tradingviewtomt4.com WHY RISK MANAGEMENT? Trading can be very lucrative, we all know that, hence; why we became traders in the first place. Whether you found an awesome indicator script on TradingView, an Expert Advisor on MT4, or whatever other strategy that got you excited about trading in the first place; you will lose no matter how perfect a strategy works. I started trading with a strategy that had over 60% win rate and still lost half of my account. You may think I’m an idiot. I just didn’t understand it’s more important to know how much you can lose rather than how much you can make. So from now on, forget about gains. If your strategy’s win rate is above 50%, focusing on how much you can lose will always be more important. The gains will come on their own after that. Risk management is simple and only involves basic math. So let’s start with that: To understand the calculator in it’s entirety, you must know how to calculate profit from a winning position. We’ll use a FOREX example. Let’s say bought 1.00 Lot of EURUSD at 1.00100, a couple hours or minutes later, you closed it at 1.00200. First you subtract Close Price from Entry Price to get the amount of points you gained: 1.00200 - 1.00100 = 0.00100 100 points gain or 10 pips To calculate dollar profit you multiply by Lot Size and multiply again by 100,000. 0.00100 * 1.00 * 100,000 = $100 Gain * Lot Size * 100,000 = $ Great, so you made $100! If your balance was $1,000, you just made 10% return, amazing! But.. what if the trade had gone wrong? How do you even calculate how much you might lose? Well first, you have to choose a Stop Loss, this varies depending on your strategy. One of my 30m strategies has a Stop Loss between 150-200 points, while a 4hr strategy might have a Stop Loss between 600-650 points. Let’s say you’ve made up your mind and you’re going to choose a Stop Loss at 150 points, which means if price is at 1.00150, your stop loss would end up at 1.00000 on a Buy Trade. The key thing first is deciding what % of your balance you’re willing to risk. If I have $1000, you might be okay with losing 5%, which is $50. Now you use the formula above: Gain * Lot Size * 100,000 = $ In this case, we would substitute Gain with Stop Loss value instead. Stop Loss * Lot Size * 100,000 = $ 150 * Lot Size * 100,000 = $50 As you can see, we have to solve for Lot Size because we don’t know exactly how much to trade yet if our trade hits our Stop Loss, we’ll only lose $50. I won’t go into the algebra, so here is the final formula: Lot Size = 1 / (SL in Points / (Capital x Risk%)) Lot Size = 1 / (150 / ($1000 * 5%)) = 0.33 Trading 0.33 lot size with a hard Stop Loss of 150, we’ll only lose $50 or 5% of our balance. That’s basic risk management, and it’ll save you headaches from losing money on your trades. Don’t worry about doing the math yourself though, use our bot that auto-calculates your position based on your risk. Happy trading! SEND TRADES FROM TRADINGVIEW TO MT4 www.tradingviewtomt4.com
Education
by lightfalltrades