The Ultimate Trade Analyzer (UTA) offers some creative ways to sleuth out and discover new trade opportunities with HVMM. Moreover, you can get a closer look at trade performance and use the details you discover to fine tune your tradeplan and increase your profitability. But you need to think through how you set up your spreadsheet Filter Labels. You need to think about the kind of information you want to get out of it. Don’t try to make UTA what it isn’t. Use it for what it uniquely DOES give you. The videos below give you some ideas in that regard.
Remember, increased profits also mean a decrease in losses. Studying your trades to determine the set-ups with the highest winning percentages, will show you where to focus your time and resources. Scaling up position size on a type of trade that wins more, and maybe even scaling down a bit on those that win less, can really improve your bottom line.
Forex is a 24 hour market. There are a slew of great pairs and timeframes to trade. But now, with UTA, you can really test other timeframes. You can slow it down if you want and test 60 minute or 240 minute charts. You might even try to speed it up a bit and try a 15 minute charts, for example. Tick and Range bars also offer incredible opportunities. Here’s your chance to explore and discover new opportunities. Use the UTA to show you.
These videos show you some simple techniques that allow you to track multiple positions, multiple pairs, other currency denominations, and also the benefits of tracking each pair on its own spreadsheet. By tracking one pair at a time, you can track how each trade set-up performs and even try testing new ideas. Once you’ve learned the basics of HVMM, there’s no reason why you can’t make it your own and test other types of set-ups that you discover. HVMM comes with a powerful indicator set and there are buried treasures in that data of yours. Use UTA to sleuth it out. That’s one of the great understated benefits that UTA can give you with HVMM.
These videos were posted on the UST sites but the ideas can be used with HVMM just the same.
Tracking Multiple Forex Pairs on the Same Spreadsheet (This idea can be used for Stocks, too.)
Tracking One Forex Pair at a Time
