In this release, we have added a new mechanism that significantly speeds up the loading and processing of volume data. Depends on timeframe and symbol, the download speed can be increased from 10 to 1000 times (!). Here are two examples of loading volume data on BitMEX for XBTUSD:
Daily chart for 1 year
1-hour chart for 1 month
At the moment the accelerated loading works for two exchanges — Binance, BitMEX. It’s already available for all users with licenses where volume analysis is available — All-in-One package, and Volume Analysis itself. The depth of historical data for volume analysis is 1 year. Soon we will increase the depth up to 5 years, as well as add more exchanges.
Added Reverse button to the Chart, DOM Trader and DOM Surface panels
We continue to improve the functionality of the DOM Trader panel … In this release, we added the Reverse button, which will reverse a current position on the selected symbol. For example, if you have a +1 long position, clicking on the Reverse button will send -2 short market orders and your current position will be -1 short.
Added Quick Order Quantity buttons to the DOM Trader panel
We’ve added quick quantity buttons for orders in the DOM Trader panel. You can type an order quantity manually or enter one using the order quantity buttons. To change the value on the buttons or add additional ones, go to the panel’s Settings -> View and in the text box OE qty buttons enter new values using the split “;“. The value immediately changes on the corresponding number pad button.
Improved Alerts in Watchlist panel
In the new version, we’ve added more equations for conditions, like Cross, Cross Above or Below. Also, now in conditions, you can compare the values of two columns.
Now, what are you waiting for? Go download the update, read about the other awesome additions, and let us know what you think!
recently added a feature that helps traders plan, draft and execute their trade
visually with the help of our commonly used strategy, TPA or Trading Personal
Assistant. By default, traders had to go through the options provided on the
top left corner of the screen.
explain the particulars of our newly added feature, let’s revisit the concept
of Trading Personal Assistant. What is
Trading Personal Assistant?
Trading Personal Assistant is a modern trading bot that helps you automate your
strategy and eliminate all human errors. TPA is a high frequency running
feature in the 3rd Dimension platform that has 4 entry parameters which are
important for every trader, i.e., buy, sell, take profit and stop loss.
By default, the TPA strategy is embedded under Drawings Library option. We can add it permanently on the left corner objects bar just by selecting a small ‘star’ button on the right side of the TPA option. See the below screenshot:
TPA Button: After selecting the TPA button all we need to do is to go over the
charts and start drawing out respective trade plans on the candles. With this
feature our trade will be up and running within 3 seconds.
current price of bitcoin at the time of writing this article is $8082. Let’s
assume that a trader wants to enter a trade at $8100 with a take profit level
at $8800 and stop loss level at $7800. The trader can execute this plan in less
than 3 seconds by – selecting TPA strategy from the left corner objects bar
> Clicking on the entry price on the chart and then adjusting the TP &
SL levels > Mention %age of your account balance for each strategy (default:
0%) > Run
Next level trading with these 4 TPA
clicking Run, traders can specify unique trading conditions with the help of
the 4 different strategies coming under TPA strategy, they are:
Assistant – A trader’s best friend
Basic & Advance
A brief explanation of
each combination of strategies
There have been many
instances where we form a strategy in our head, backtest it to see the success
rate and after all the conditions are satisfied we implement it as our trading
style. But even after finding a ‘perfect strategy’ there are a lot of hiccups
in executing it step by step because of several following reasons:
Emotions (One of the biggest reason)
Lack of time to spot the opportunity in the market
Low liquidity in our trading basket – Seed capital gets
locked once we ‘limit order’ some trades
……..and the list goes on. Talking about the biggest money/opportunity
killer i.e., Emotions, we often get taken for a ride by the market makers and
unnecessary FUD (fear, uncertainty & doubt) that challenges our technical
plan of execution and finally tweaks our mindset against the trade.
Dimension, it is possible to remove all the above errors that come into the way
of implementing & executing a strategy. Not only that, but the platform
also helps you to determine certain ‘conditions’ that decreases your chances by
almost 90% from being a victim of ‘Stop hunts’ by Market makers, makes your
trades more profitable and also open gates to several trade opportunities by
not locking your capital by limit orders.
These features are made
possible by our flagship tool – TPA (Trading Personal Assistant).
Meet Trading Personal Assistant – A trader’s
TPA – Trading Personal Assistant is a modern trading bot that helps you
automate your strategy and eliminate all human errors. TPA is a high frequency
running feature in the 3rd Dimension platform that has 4 entry
parameters which are important for every trader, i.e., buy, sell, take profit
and stop loss.
Taking a deep dive into each parameter
TPA provides these 4
parameters under two heads:
The basic parameters
help the trader define their strategy by providing them with 3 following options:
Defining Buy Support & Resistance Breakout
Buy support iterates a condition where the trade gets executed only when
the price reaches the level defined by the trader.
Resistance breakout iterates a condition where the trade gets
executed only when the price breaks a certain level defined by the trader.
Both of these
strategies are very useful when more conditions and variables are defined in
Enhancing Resistance Breakout strategy in Advanced
One of the major key
parameter provided by TPA is defining the Buy
event. Buy event provides the trader with the following conditions:
OnPriceHit under Resistance Breakout strategy is a parameter where the entry of the trade happens when
the price hits the entry-level defined by the trader. It is a simple
resistance breakout strategy.
In this condition, the
entry of the trade happens only when the bar
breaks and closes on or above the entry-level defined by the trader. In T.A, a breakout is said to be valid
only when the concerned timeframe bar closes above a certain level. There are
many times when the price breaks above a certain technical level and retraces
immediately back below the level, trapping most of the traders into the trade.
This phenomenon is called Fake Breakout or fake-out.
OnBarClose eliminates the risk of getting trapped into the fake-outs
and helps the traders to only enter valid resistance breakout trades.
This parameter lets the
traders enter the trade only when the following condition is satisfied
Price breaks the level defined by the trader
Bar closes above the said level
The bar goes back and retests the said level
According to T.A when
the price breaks a resistance level, the said level now becomes the support. In
the Resistance Breakout strategy,
most of the traders feel comfortable to only enter the trade when the price
converts a resistance into support and goes down to test the support resulting
in the continuation of the trend.
Never miss opportunities by locking capital in ‘limit
LocalLimit condition in the Buy
Order Type parameter stands for facilitating trade in the local order book
of 3rd dimension only and not in the actual order book of the
exchange until all the other conditions are satisfied. The trades are only
posted and executed in the actual market order book when the conditions defined
by the trader happens.
While using the Limit condition in the Buy Order Type parameter, the trader
can only post 10 trades in the system (if the capital allotted per trade is 10%
of the portfolio), whereas if LocalLimit
condition is used then the system allows the trader to post more than 10
trades (even if the capital allotted per trade is 10% of the portfolio). So the
merit of using the LocalLimit condition
is it doesn’t reserve your capital and only executes the trade when the
conditions are satisfied.
Manage risk with Sell (Exit) Parameters
provided by TPA for risk management is SELL
(EXIT) PARAMETERS. This parameter helps the traders to minimize their risk
by defining the exit condition of the trade.
As mentioned above, a
breakout becomes fake-out when the price retraces below the level which it
originally broke out from. This is the time when the SELL (EXIT) PARAMETERS come into play, it automatically places a
sell limit order at the entry price so that the trades exit the trade with zero
Let’s explain this with
a hypothetical example:
Without Sell (exit)
parameter: A trader goes long (buy) on BTC/USDT at $7900 (resistance breakout),
he puts the take profit level at $8500 and stop loss level at $7700. Now, the
trade is running until any one of the two conditions are satisfied, i.e. either
the take profit level gets hit, the trader books a profit of $600 or the stop loss level gets hit, the trader
books a loss of $200.
With Sell (exit)
parameter: A trader goes long (buy) on BTC/USDT at $7900 (resistance breakout),
he puts the take profit level at $8500, sell (exit) parameter at $7900 and
stop-loss at $7700. In this case, the trade is running until any one of the three
conditions are satisfied, i.e. either the take profit level gets hit, the
trader books a profit of $600 or the resistance breakout becomes invalid as the
price retraces below the entry price(candle closing below) and the trader gets
out of the trade with ZERO LOSS
Increase profitability with TP Event parameters
Traders must be
familiar with certain events in the market where the price not only hits the
take profit level defined by them but it also goes beyond that level. In these
times, the traders either find themselves in a situation where they feel more
profit could be taken out of the market and sometimes most traders often
re-enter the trade in expectation of a continuation of the trend. This is a
human error as a technically calculated trade is now dominated by the Emotions
of the trader. As you know the answer, the trade always goes against the trader
if emotions are involved.
TPA helps the trader to
not only wipe the emotions out of the trade but also increase profitability in
case the price goes beyond the tp level.
There two options in
the ‘TP Event’ parameter, OnPriceHit
& OnBarClose. OnPriceHit is just
like any traditional take profit parameter where the profit is automatically
booked when the price hits the tp level. Whereas, OnBarClose is a parameter where the profit is automatically booked
when the defined bar not only hits the tp level but also closes above it.
No more Stop Hunts by Market Makers
The very common area to set a stop loss is either a
support zone or a resistance zone, depending upon the direction of the trade. In
the times of extreme volatility, the price often hits the sl first before
continuing in the direction of the trade. In this event, the trader loses the
opportunity to execute a successful trade and even incurs a loss as the sl
level is hit.
To eliminate this issue of stop hunt, traders can
select the option of OnBarClose in
the SL Event parameter. OnBarClose is a condition where the
loss only gets booked if the bar closes on or beyond the stop loss level
defined the trader.
Bonus money management features in the Order Parameter section:
(applied): Base quantity is a simple and standard condition where one can
specify the total amount of the selected asset they want to allot for the
Percentage: This condition allows the trader to allot
a certain percentage of his/her capital per trade. Say, a trader has $6789 in
the trading account and he/wants to put 18% of his capital into a trade then he
can simply put 18% as the Quote
Percentage parameter and the assistant will automatically put the
calculated amount of capital in the Base quantity (applied) parameter.