Trading Method (Test)
Summary
PART I - Our Story
PART III – Subscription Packages and Pricing
PART III – Highlights of our Trading Method
PART IV – Supports and Resistances
PART V – The Built-in Trade-Manager
PART V - Setting-up your TradingView
OUR STORY
Best Trading Indicator™ is a French company made by two French traders - a father and his son
Teaching with our guided course our proven trading method for all asset classes, all trader types (intraday, swing, scalpers) and compatible with many brokers.
We’re trading together with our subscribers, the same BEST entries/exits available on everyone’s TradingView charts
OUR STORY (2/3) - DAVE
The son is me Dave (or Daveatt from TradingView) CEO and co-founder of Best Trading Indicator™
I’m a quant trader with a Master in Computer-Science Engineering and Project Management
I’m now working for myself with 8+ years of quantitative and trading experience.
My father and business partner taught me at a very young ageeverything he knows about trading
My coding background was very useful when professional/retail traders hired me to design, code and implement their indicators/semi-automated/fully-automated strategies across many brokers.
I’ve been doing those freelance missions mainly from New York City/USA and then from other countries (Spain, Indonesia, Japan, London, Costa Rica, France, …)
OUR STORY (3/3) – MY FATHER
My father has been trading for 20+ years now and has a very advanced Trading Quant + Trading experience
We started with INDICES trading andwe’re still trading them actively
Our trading is diversified with a unique TradingView BEST Framework for each asset class and timeframe
We collaborated to mix his remarkable experience of the financial markets +my coding skills +our respective trading experience
Then we created Best Trading Indicator ™ as we are convinced that even inexperienced traders could benefit greatly from our systems
We’re often trading together in our home-made trading-room and constantly looking to optimize our systems for our subscribers
He’s assisting me behind-the-scene for teaching our customers our Trading Method course and accelerating their ramp-up
Part II – Our Subscriptions Packages and Pricing (1/3)
Part II – Our Subscriptions Packages and Pricing (2/3)
Our goal is to teach you what we learned over 20+ yearsin a few days/weeks only
3 VIP packages are available for recurring subscription
In term of benefits/features/scripts- The VIP 3-months contains more advantages at a lower monthly price than the VIP-1-month
- The VIP-12-months contains more advantages at a lower monthly price than the VIP-3-months and VIP-1-month
The VIP-12-months gives access to a FREE 1-to-1 Coaching/Mentoring call that can be requested any time
Our Pricing & Plans page is available from the header menu of our websitePart II - Our Subscriptions Packages and Pricing (3/3)
Upon subscription you’ll receive by email your access key within 1 business day
Your access key is valid for all your Best Trading Indicator scripts
For each script, insert your access key, double left-click on the GEAR icon located at the right of the indicator name OR on the indicator name directly
If inserted correctly , your chart will automatically refresh with the signals after a few seconds
- make sure to NOT insert additional character/blank space at the beginning or at the end of your access keyIf your key isn’t working
Please send us an email to dave@best-trading-indicator.com
Part II - Download your indicators
TRADING METHOD – GENERAL (1/4)
BAD traders only care about PROFIT and GREAT traders are obsessed with RISK management
BAD traders are on their way to become GREAT traders once they understand that RISK MANAGEMENT has more weight in the profitability equation than PROFIT We are annoyed with all the FAKE trading education out there from people that never traded.What they teach only focus on the PROFIT dimension without a proper risk and money management.
Our systems for all asset classes (Stocks/Forex/Indices/Cryptocurrencies/Commodities), all traders type (Intraday/Scalp/Swing) and all traders profile (beginners/experimented) are designed to make hundreds of points/pips/EUR/USD/… every day with an extremely lowered RISK
TRADING METHOD – GENERAL (2/4)
We made our systems simple and abstract enough for any trader profile
With our Method, no other indicator, analysis, social media is needed in parallel
Our Trading Method is an assisted step-by-step guide available from our Community Forum to the VIP subscribers
Upon subscription, we send a summarized PDF version with a great coverage of most of the entry and exit setups
1 TradingView chart and 2 of our indicators set on that chart is all we and our subscribersTRADING METHOD – GENERAL (3/4)
After 15-30 minutes of left-scrolling on your TradingView charts, you'll realize that:
- The entry and exit signals make sense
- Making more than [200-500] pips/points a day
- It's not a get-rich-quick scheme
- It's a get-richer process requiring you to trade in a more algorithmic way
- You'll have some losing trades.
- Not all trades are winners
- Our frameworks give more winners than losers
- Winners are much bigger than the losers
- Profit and Loss in pips/points and in percentage value
- Maximum Drawdown in percentage and pips/points – measure the maximum loss for the current trade
- For a LONG, the distance between the entry price and the LOWEST reached price level
- For a SHORT, the distance between the entry price and the HIGHEST reached price level
- Maximum Opportunity in percentage and pips/points – measure the maximum opportunity/win for the current trade
- For a LONG, the distance between the entry price and the HIGHEST reached price level
- For a SHORT, the distance between the entry price and the LOWEST reached price level
- Distance in pips/points until the next Take Profit 1-2-3 price level if not reached yet
- Flag if any of the user-defined Take Profits and Stop-Loss levels have been reached
- Flag a warning if a hard-exit is detected
- dark green when the candle close is below the entry price (in a loss)
- light green when the candle close is above the entry price (in a win position)
- dark red when the candle close is above the entry price (in a loss)
- light red when the candle close is below the entry price (in a win position)
- Green if bullish
- Red if bearish
- We needed a way to get stopped-out because the trade is wrong (and not getting stopped-out because of slippage or bad analysis).
- We selected an algorithmic method as it’s a much smarter and efficient way to exit a trade when invalidated
- TradingView Free: 1
- TradingView Pro: 10
- TradingView Pro+: 30
- TradingView Premium: 400
- Receive 15% of your referees subscription price every:
-
- Month for a Monthly subscriber
- Quarter for a 3-Months subscriber
- Year for a 12-Months subscriber
- You can generate really good passive income with more than 1 referee
- Get access to your Affiliate Dashboard tracking which of your friends clicked on your tracking link and subscribed
- Tutorial : https://best-trading-indicator.com/pages/affiliate-program
- Affiliation Platform: https://best-trading-indicator.com/pages/affiliate-program
Our goal is to re-wire your brains about what trading really is
Trading with low timeframes is our BEST answer to be more accurate and reducing your potential losses
Facts
TRADING METHOD – GENERAL (4/4)
Our systems detect automatically strong convergences based on custom indicators we developed for ourselves over 8 years of trading
We are trading with the same TradingView scripts and the same Trading Method we’re teaching to our students Our entries and re-entries are designed to be as early as possible while keeping the RISK minimumWe provide also a complete EXIT system for Stop-Loss and Taking Profit
TRADING METHOD – Fundamental and News
When trading, we recommend only looking at the HIGH macro events related to the assets you’re trading - Twitter, News will disturb you and clutter your judgement
Please never trade based on fundamental/news.
We guarantee you’ll burn yourself as the financial markets aren’t logical at all
Trading irrational markets based on what you think/feel the market should do based on news is the best way to lose
There is an obvious disconnect between the real economical world and financial world
TRADING METHOD – THE BEST WAY OF TRADING
You don’t need to stay in front of your charts all day
You’ll get alerted with your/our TradingView server-side alerts by (Email and SMS and from your TradingView chart ) Evaluating an entry/exit signal will take you no more than 15 secondsWaiting in front of your charts when there is no signal increases your Fatigue and decrease your profits
It’s much smarter to set the alerts on the assets/timeframes you want to trade and do something else for the time being
TRADING METHOD - The Algorithm Builders Frameworks and timeframe(s)
The Built-In Trade Manager : Features
Included in ALL of our Algorithm Builder Frameworks
Compatible with Spot/CFDs/Futures/ETFs/Options/... trading products
Display the user-defined Take-Profit and Stop-Loss Levels andEnable TradingView server-side alerts
Define Take-Profit and Stop-Loss custom levels based on either price value/percentage/pips distance
Display the Risk-To-Reward ratios when the user-defined Stop and Take Profits are defined in the indicator settings
Display the BEST PnL Panel colored in green for a LONG and in red for a SHORT (The default colors may be changed from the Style tab of your Algo Framework – more info on the slides below)
The Built-In Trade Manager : The Profit and Loss Panel
Display real-time actionable data for the current trade
TRADING METHOD - The Built-In Trade Manager (Long example)
TRADING METHOD - The Built-In Trade Manager (Short example)
TRADING METHOD – Entries and Re-Entries (1/3)
The first entry of a trend (BULLISH or BEARISH ) is symbolized by a triangle
The re-entries within a trend are symbolized by diamonds with the same color as the triangle just before
We recommend having 1 opened position simultaneously only per trend per timeframe
If you get a diamond signal, but already are already in position (and not invalidated or stopped out to breakeven), we recommend not taking it
The initial entry price is plotted with a thin blue circle plot
TRADING METHOD – Entries (2/3)
TRADING METHOD – Re-Entries (3/3)
TRADING METHOD – Candles Coloring (1/2)
Activated by default but optional feature
Each color translates a different trades state
For a Long/Buy Trade:For a Short/Sell Trade:
gray when not in a trade
TRADING METHOD – Candles Coloring (2/2)
TRADING METHOD – THE LEADING TREND (1/2)
The Leading Trend is a built-in but different system
Displays the Trend direction from a much bigger timeframe on your TradingView charts
Activated by default
Each color translates a different bigger trend direction
By default , the colors are as follow :TRADING METHOD – THE LEADING TREND (2/2)
TRADING METHOD – THE CLOUD (1/2)
The Cloud is our Custom Trend identifier
We made it such as to identify strong trends and “risk” zones In other words, identify if a trend is likely to continue further or reverseTRADING METHOD – THE CLOUD (2/2)
TRADING METHOD – The EXIT process – Hard Exit (1/3)
We ditched the Stop-Loss based on price or percentage level because it’s not working
This is our algorithmic way of warning our subscribers that they MUST exit the trade no matter what they think-feel-want
We made a unique Hard-Exit per Framework ensuring our subscribers the losses being minimal the vast majority of the times
Symbolized by a brown vertical line , the “Hard-Exit” is an important signal warning the trader to exit as a reverse may likely happenTRADING METHOD – The EXIT process – Hard Exit (2/3)
Q: What’s behind the hard-exit?
Hard-Exit or Hard-Stop are common terms in trading.They refer to exiting a position based on technical indicators (and not based on price value).
When those indicators are all giving contrary signals , the system displays and alerts us with a brown vertical bar (see next slide).
Contrary means for instance, we’re on a LONG trade, and then all the hard-exit indicators become bearish flagging a potential incoming reverse
Q: How to evaluate the Risk-To-Reward from our trades then?
This metric is very subjective. Because you could evaluate a RISK=1 and a REWARD=10 but that doesn’t mean your analysis is correct and not bias.
We made this exit system to lower as much as possible the losses (= invalidations) and stand by our assessment that capturing hundreds of pips a day, regardless of the asset class, is doable.
This level of abstraction allows our traders to have a stronger focus on their trades .
Because they know that, if invalidated, their losses should be minimal relative to the rewards to be captured during the day.
TRADING METHOD – The EXIT process – Hard Exit (3/3)
TRADING METHOD – The EXIT process – Take Profit Levels (1/2)
The Take-Profit levels are based on Algorithmic Multi-timeframes Supports and Resistances
You won’t have to draw any trendline or pattern or add any other indicator Our Method is complete and cover all scenarios to either exit with a small loss or taking-profitOver the years, we found for each asset class and timeframe , the most relevant supports and resistances to be used as take-profit levels
Because the candles often bounce on them, we selected specific Moving Averages and Pivots for our Take Profit strategyTRADING METHOD – The EXIT process – Take Profit Levels (2/2)
Part II - General Guidelines (Supports/Resistances)
Script included for FREE for all our VIP subscribers
Please Have in mind how to use the SMAs/EMAs and Traditional Pivots from our Algorithmic Supports and Resistances TradingView script <
A simple moving average (SMA) is an arithmetic moving average calculated by adding recent closing prices and then dividing that by the number of time periods in the calculation average
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frame
Part III - To change the signals and the background colors (1/5)
Keep in mind we’ll always refer to Green/Red signals and Green/Red leading trend
Though, you can change those colors if you fancy more colorful ones
For doing so,Double Left-Click on the Indicator name thengo to the Style Tab.
Part III - To change the chart background colors (3/5)
Part III - Example (4/5)
Part III - Example (5/5)
Part III - Setting-up your TradingView server-side alerts (1/3)
How many alerts per asset class?
We recommend 3 alerts per asset/instrument per timeframe per Algorithm builder
OR , you can create 1 alert per asset/timeframe with the condition Consolidated on Bar Close capturing any BUY/SELL/HARD EXIT events
More info available from our Forum
How many server-side alerts per TradingView account?
Part III - Setting-up your TradingView server-side alerts (2/3)
AFFILIATION
Make 15% recurring per subscription period for your referees
APPENDICES
Our Public chatroom is on Discord: https://discord.gg/fcEFRpC
Our Testimonials and Reviewspage
Our recent Shared Public Trades Results and Performancebased on the BEST Trading Method and TradingView scripts
We’re active on Twitter and we’ll be very grateful if you give us a follow ☺