Pre-Sales VIP Questions

[Learnbot]

I am not VIP member yet, however, thinking about subscribing to your discord and obtaining the "buy the dip" indicator. I just wanted to check something before I subscribe to VIP, would you be able to post an example of 1min chart for TSLA, Apple, ZM or whatever else stock you see fit (not penny stocks plz since I am not that educated to trade small caps yet). I wanted to see if Buy the Dip works for day trading as well as swing.

Edit: This thread has gotten very long. Added some info below for easier access to information.
Summary:
https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/page-23#post-89427

Helpful links for anyone interested in seeing how VIP members are using the BTD indicator to trade:

• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35088
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35087
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35117
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35171
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35819
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-39668
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-40185
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-40940
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-44869
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47726
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-48056
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-50020

Customer's reviews:

• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-35938
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-36156
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-43881
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47162
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47463
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-47627
• https://usethinkscript.com/threads/buy-the-dip-vip-indicator-question.3790/post-53124

More reviews can be found here: https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/post-34186

 

[BenTen]

@itsbharat Welcome to VIP. You must have received something from me by now

 

[mtntempo]

Thanks for all the time you spend here helping everyone @BenTen. Just became a premium member to show my support. Look forward to trying out BTD and bouncing some more ideas your way!

 

[pegasis]

Hi

I seem to see a positive correlation to buy the dip signal, and a MACD cross/up-signal within 5 days after

What do you think?

 

[BenTen]

@mtntempo Welcome to VIP Thank you for your support

@pegasis Not a bad combo. Did you try it?

 

[pegasis]

https://usethinkscript.com/threads/buy-the-dip-conservative-model.3762/page-8#post-47145

BTD_C("aggresive model" = yes, "arrows" = yes)."short_btd" crosses above BTD_C("aggresive model" = yes, "arrows" = yes)."Zeroline" from 5 bars ago and MACD("fast length" = 5, "slow length" = 8, "macd length" = 5, "show breakout signals" = yes)."Value" crosses above MACD("fast length" = 5, "slow length" = 8, "macd length" = 5)."Avg"

I have it running scan with alerts

 

[Trader Raider]

@BenTen and @pegasis, when I played around with MACD and BTD, I found that MACD did a great job filtering out false BTD signals. But waiting for a MACD cross caused me to miss too much upward movement, so I abandoned the setup. Then I found MACD_BB a couple weeks ago. I tried pairing that with BTD and found that it got me into a trade earlier than waiting for a MACD cross. I started entering when price crossed the lower BB of the MACD_BB and it got me into trades at least 2 bars earlier than waiting for a MACD cross. Just my 2 cents worth

 

[pegasis]

@Trader Raider Can you share your code

 

[Trader Raider]

can you share your code

Are you asking about the MACD_BB? If so, here are some links for you.

MACD With Bollinger Bands (MACD_BB)

In post 14 of that thread, @Hypoluxa shares a strategy and adjustments to the indicator based on timeframe.

I've been using @Hypoluxa's suggested settings and testing on timeframes from 1 minute to daily. @Hypoluxa's strategy to wait until 3 timeframes are in alignment on the indicator has been a winner for me. I'm also experimenting with earlier entries when price crosses the nearest BB (lower BB for longs and upper BB for shorts) and not waiting until multiple timeframes are in agreement. That may give you an earlier entry with Buy the Dip signals, but it's probably riskier than waiting for the MACD cross. Please paper trade if you try this ... I don't want to be responsible for any loss!!

Best Wishes.

 

[GoldStriple]

I closed a 5 day trade on HUYA yesterday for a 90% option win thanks to BTD. I'm extremely pleased with membership and all the great content on this site.

 

[arv06]

I am very much interested in upgrading the membership to VIP. I have few of questions:

Does this indicator tell us when to sell? If the answer is "No", is there another indicator which will tell us when to sell?

Will it stop working if we do not renew the VIP membership?

Can this indicator be used on the watchlist?

 

[GoldStriple]

@arv06 For me BTD doesn't tell me when to sell or buy - it's just another arsenal in the tool chest to help foreshadow a price movement. At the end of the day an equity will go where the big fish wants it to go and all the indicators will follow along.

 

[rad14733]

Like so many other indicators, the BTD indicator is should be interpreted as "pay closer attention for potential trade opportunity" rather than a definite Buy signal...

 

[BenTen]

@GoldStriple That's lovely to hear. Congrats on your trade

 

[BenTen]

@arv06 Glad to hear that you're interested in joining VIP

Will it stop working if we do not renew the VIP membership?

The indicator will continue to work even after you cancel your subscription. However, if we ever release any new updates in the future and your membership is no longer active, you won't have access to the available update.

Can this indicator be used on the watchlist?

Yes, we have a dedicated watchlist column for the indicator.

I hope that helps.

 

[GetRichOrDieTrying]

Do you use the BTD indicator with any other indicators, or do you exclusively make buying decisions with that one indicator? Also, were the screenshots you provided using the Conservative or Aggressive signals?

@BenTen It looks like 60 - 70% of the signals would result in a loss. How can the signals be filtered out to prevent so many losses if you're only use BTD as your only indicator?

 

[vanphan]

Hey i just want to thanks BEN for having the BTD indicator. I'm having such a good record so far with this indicator. I havent' loss any trades yet, 10/10 just using it. This is the best indicator out there. I have much more confidence in my entry and exit now following his advice. I can scalp or swing trades these and it's working just fine. Thanks again BEN, you are the best.

 

[BenTen]

@GetRichOrDieTrying BTD is designed for swing trading, yet you want to use it on the 1m chart. Any indicator placed on the 1m timeframe would be subjected to that ratio. Plus, I don't make my decision solely based on the BTD indicator. There are other factors you should look at.

 

[BenTen]

@vanphan That's awesome Keep it up!

 

[vanphan]

BEN, to answer some of these guys questions. This indicator works best for swing trades. I made a recent KBH (ticker ) call , when it showed up on the scanner , along with PEPSI. I made money on PEP the next day. KBH was down , but I hung on to it, knowing it will hit back up, YET it was down the next day but today it went back up and in the green. Today I place a call on ADBE at open (since I scanned it early in the morning. And with 1 contract earned me 350$, I avg up during the day on another dip and now I'm holding 2 cts. All went good, the chart is nice, it should shoot higher tomorrow. So my plan was to buy it at the end of the day and sell it at the end of next day or let it run up. If they're down, I'll wait a few days for it to gain traction again.

I sometimes earn me some quick bucks buy scalping using 1 mins and 3 mins chart. and they work flawless.

My set up was using BTD and STR , when it signals the BTD at minus, and STR at 100 is buy, and to take profit when STR at 0. I also use TMO , and Hull Concavity Upper to reinforce my decision to entry and exit. Thank You Ben. This is a 100% true testimonial.

So if anyone need helps using my setup and how I use your indicators, please post and I'll help out.

 

[BenTen]

@vanphan That was certainly helpful and thank you for offering your help