What's new?
For the Algorithm Builders Indices and Crypto only
🔸 Version 4.3
🔸 We included a unique algorithm for the 2-minutes (or m2) timeframe chart for the Algorithm Builder Indices and Crypto
🔸 The m2 is an extra tool in your toolkit
🔸 The m2 doesn't replace nor cancel the other models used on other timefames
🔸 For both the Crypto and Indices we included the concept of yellow cloud and bigger pullback for the m2 framework.
Those trading indices already know how to use it.
We didn't change a thing - the way to use this cloud and bigger pullback stays similar to the Indices m1 expert mode
🔸 The cloud and re-entries are enabled when selecting Expert mode for both scripts (Crypto and Indices)
Indices
🔸 We listened those saying they wanted something like our 1-minute (m1) but with smoother signals
🔸 We let you choose between the m1 or m2 or m5 the model you prefer
🔸 The Algorithm Builder Indices will automatically select the right algorithm according the the selected chart timeframe
🔸 Note: the m2 implies bigger unrealized and realized drawdowns than the m1
You must to be aware of this
🔸 If you decide to use the m2 signals, you must create the alerts for those m2 signals
Cryptocurrencies
🔸 We let you choose between the m2 or m5 the model you prefer.
You also have the Algo Universal m15 for a SWING methodology
🔸 The Algorithm Builder Indices will automatically select the right algorithm according the the selected chart timeframe
🔸 If you decide to use the m2 signals, you must create the alerts for those m2 signals
Crypto and weekends
🔸 I tend to prefer the m5 or Universal m15 during the weekends
🔸 We recommend lowering your position sizing and/or waiting automatically for a bigger pullback if you'd like to scalp using the m2 during periods of low volatility (weekends, bank holidays, ...)
What to do?
🔸 If you don't see the m2 (2 minutes) timeframe available, you have to add it manually
🔸 Type 2 minutes and click on Add
🔸 Please follow this tutorial to update your Algorithm Builder Indices and Crypto + your alerts