Please remember, that Trading is risky and losses can and will unfold, no matter what Trading approach you take. I hope this help Tutorial has helped and shown how best to use our MTP Trend indicator colour. MTPredictor is not a 100 mechanical 'Black-Box' system that is designed to be traded all of the time. So it is larger degree DP's first, then MTP Trend colour second, not the other way round. In this help tutorial, we take a look at the MTPTrend colour and show how you should not simply consider all MTPredictor trade setups that fall with the MTP Trend colour, which is Blue for up, Red for down and Grey for in the process of making a reversal. Rather than using the MTP Trend colour first. To decide when the larger degree pattern is clear we use our MTP Decision Point (DP) levels on the higher time frame chart.Īs the video shows, it is best to first use the higher time frame DP's for larger degree support / resistance and then see whether the market is indeed performing as these anticipate, then see whether the MTP Trend colour agrees with this analysis. Therefore it is best to only consider trade setups when (and only when) the larger degree pattern is clear. This is because we believe that Markets are random about 50% of the time, and as such are not in a clear larger degree pattern about half the time. MTPredictor is not a 100% mechanical "Black-Box" system that is designed to be traded all of the time. In this help tutorial, we take a look at the MTPTrend colour and show how you should not simply consider all MTPredictor trade setups that fall with the MTP Trend colour, which is Blue for up, Red for down and Grey for in the process of making a reversal.
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