We have divided our trading strategy monitoring into two categories:
1. The Graphical and
2. The Numerical way
The graphical way is the usage of those price action indicators that were develop specifically for this system. These are customized indicators never seen before in any forex forum.
The numerical way is the use of a popular spread sheets program, the excel. We know that Excel can monitor your broker's data feed via the DDE capability of MT platform. Hence, the excel is even faster in reflecting the data feed compares to the use of chart and indicators.
When we started the BTS a year back we have to start a demo trade of 14 pairs every week and we have to be early to put our trades so to make a complete capture of market moves over the week. Not all the time that we are free on Sunday when the market opens this makes it difficult for us.
With the use of excel, this is no longer a problem. We could open the excel anytime and still we can measuring the amount of moves from the market start.
Not only that the excel have provided us the correct substitute to the weekly IA opening it also makes a good market tool to monitor other aspects of market behavior. Heck, we could even watch the spread as the brokers widen it during news time and many more.
Excel is indeed our most valuable tool. Even more valuable than those indicators mentioned earlier in this blog.
