Bookmap Trend Day with Tradefinder
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- Опубліковано 27 сер 2024
- Hello traders, today we use the TTW Tradefinder indicator for Bookmap on a strong trend day.
The tradefinder is great for discovering swing highs and lows but what happens when the market is moving strongly in one direction?
For a discount on the indicator use code: ttw@douglas at this link: ttwtrader.com/...
Thanks for showing this! I find Bookmap to be completely useless on trend days! Rather stick with the DOM. I’m still interested in giving this TTW a shot though.
I would suggest joining their discord as well to see how to use it properly.
I built my own signals and I take 100% of the setups, however, like you said, "it's not see signal click make money everytime". I have around 40% win rate with a 2:1 reward to risk. Taken almost 100 trades in evaluation / funded accounts (made 2 withdrawals with Uprofit) and back tested the last 5 years.
Nice. When did you start this strategy?
@@douglasontrading8021 November for evaluation, passed and had funded account Dec 5th I've been trading it since then.
Very honest video, thanks Douglas!
Thanks Douglas great videos
Thank you Alex
I can’t tell you the amount of time I spent searching for that one special order flow signal. Almost all of them get destroyed in trending markets. And if you do find one that works it’s more than likely management that’s making it profitable. If I could tell beginner me anything it would have been… you have to design 4 systems to create one complete system. One system for direction, One system for location, one system for entry, and one system for management.
Good advice here.
CreateIV I am having a hard time with entry and my stop loss size (management). My system for trade location and direction works quite well, but my entries are too bad. Any advice?
@@juliano6149 Can you provide more detail about what you mean with entries are bad but direction and location are good? Are your losers bigger than your winners?
@@douglasontrading8021 Hi Douglas, what I mean is that I usually pick location and direction right, but I have a few stop outs before my trade really works. Of course sometimes my location and direction fail and then it is ok to have a stop out. I have 2 points maximum of stop loss and I trade 3 contracts. My winners I take with at least +4 points on the first contract. So my problem is having too many stop outs and I assume having better entries would the helpful.
@@juliano6149 The market is pretty volatile for a 2 point stop. It can be done but you would have to be pretty picky about the parameters you enter on. Think about a 4 point stop and 6 to 8 minimal target and see if that makes a difference.
Hey man, lovely content you got here!
How would you compare this to the MBO SI indicator. As in which one is better in your opinion?
They are similar. I’m finding TradeFinder easier to interpret.
douglas can u please tell me, difference between tradefinder and market volume pro??thanks in advance..
Volume Pro is a take on CVD. As far as I know the it’s not really used anymore. TradeFinder is a suite of tools including a CVD variation. The most important tool in Tradefinder are the Volume Stops.
Can we get the daily 10-15 ticks per day no matter the market condition using this indicator
Nothing and no one can guarantee you that.
Master volume profile and auction theory is the foundation.
how much is the discount, it doesn't show up on the link?????? thanks
10%
TTW is like Mild Snake Oil?
Explain?
That indicator is garbage.
What is your definition of a garbage indicator?