Pre-Sales VIP Questions

L

Learnbot

Active member
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:
Customer's reviews:
More reviews can be found here: https://usethinkscript.com/threads/buy-the-dip-indicator-for-thinkorswim.3553/post-34186
 
Last edited by a moderator:
Sort by date Sort by votes

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

SIGN UP NOW LEARN MORE
 
Upvote 0 Downvote
Hey Ben!
Im trying to create the BTD Scanner and understand for the 1 minute time frame. How many bars within should i put?

For Example: 4 hour chart is 2 bars within for two bars in 1 day
 
Upvote 0 Downvote
dmillz said:
are you using it on the daily chart? you kinda sound like you dont know what your doing
Click to expand...
Yeah, all people that have 173.4% return over a six month period must have no idea what they're doing in the stock market. You must be trouncing my returns since you know what you're doing. Just because a particular strategy doesn't work for one person's trading doesn't mean they don't know what they're doing trading. Yes, I've used it on daily charts which was stated in the origin of the post. Whenever I try it, it mostly picks stocks that are already in a downtrend, that had a small bump up then dipped again. That's why I don't use it for live trades because it doesn't work for me, any of the simulated trades I've done with it have lost. I'm looking at using it as a shorting strategy based off the results I get from it. I've tried it in quite a few different time frames, variety of stocks, even the entirety of the market. I've tried it on stocks with a strong uptrend, such as stocks I'm already in, but it doesn't have any buy signals on those. That's why I don't use it for long positions and started looking at it for potential shorting and recommend people try to get on board with somebody that is having success with it for long positions. I entered Dominion Energy at 70.00, today it is at 74.24 as of this writing, but that isn't from BTD, that's from my own strategy, you know, the one that doesn't know what it's doing.
 
Upvote 0 Downvote
kookie said:
Hello, is it good to use BTD as confirmation daytrading large caps on shorter timeframes? Like 2 min and 5 min? The BTD percentile looks very interesting as well
Click to expand...
I recommend simulated trading until you find how and if works for you. For some it works very well, others not so well. I'm looking at using it for a short positions because that's what it seems to return for me, but others swear by it for long positions. I would do three months of paper trading before going live, but I recommend that for any strategy. This way you see how it will or won't work increasing the probability of success. You may even find variations for using it within existing strategies that you have.
 
Upvote 0 Downvote
Ben, Can you show a Buy the DIP Signals or results on SPY or QQQ for 10 -20 years on a Daily chart? I want to understand how robust the strategy is over time?
 
Last edited:
Upvote 0 Downvote
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
H Buy The Dip SP500_2HR VIP Discord Bot Alerts Questions 1
MerryDay VIP News Questions 4
P Where to start VIP, any manual or introductory video? Questions 7
A VIP Pricing Questions 1
Englewood85 Questions about Strategy report Questions 1

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
385 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support
Try VIP Club Today

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top