 Hello and welcome everybody to this second webinar about from TickMill, about the Volsys platform. Hi, I'm Eduardo Burratini. I'm glad to introduce myself. This will be our second appointment together to have a look at what the features of the Volsys platform are and how they can be used in a simple way to improve our trading. I hope you can all hear me properly and you can see my screen as well. Please give me a feedback in the chat if you can. And let me show first of all our disclaimer and we will get started in a couple of minutes. Okay, everything seems to be working properly. Great, so let's get started and today, first of all, I hope you all enjoyed the last webinar we had the last Friday, last Monday. We talked about why volume is important and how it can be used to detect if a market move is generally moved or it can be a clue of something different happening in the market. So basically, if a market is trending correctly or basically if a change is about to happen. Today, we will have an overview of a deeper overview actually of the Volsys platform and how we can use some of its features some of its tools to improve our trading. So we will basically go a little deeper into the magic world of volume and this is basically an introduction to what will be a series of topics we will be talking about from next webinar going on, which will, it will be something more deeper in terms of theory about trading volume. So we will be talking about volume profile, we'll be talking about VWAP, we will be talking about order flow. So this is still an introduction. Last time we had an overview about the volume today, we will be together to just have a look at what some of volume tools can be applied and how to getting them to work on the platform. So first of all, the something that I had forgotten about telling you last time was that in this environment, of course, even if we are connected through a data feed, so in this case, we have a Tick Me Live account being connected at the moment, we still can place trades on a simulated account, okay? So we can easily switch between a live account and a simulated account. And in this way, we can just have some, we can put some simulated trades on and basically get them working. Maybe we have a strategy that we are trying or there is something that we don't need still confident to and we want to just make some simulated trades. This is a very simple way to do that. So this is something that is not obvious and I wanted to tell you today. Something, of course, another very important info is that volumetric trading offers in this occasion because we are making this promotional event with Tick Me Live. There is a very cool promo going on which you can access following the link I'm sending in the chat right now. So here it is, okay? And basically this promo will be active till the end of this period of these 10 weeks we will be together, okay? Going through topic by topic regarding volume. So today, what I wanted to show you is basically how to get this platform running, okay? Last time we had a look of how we can put orders in and basically manage orders. And today we will go ahead, talking about some of its tool, some of its indicators and how to put them on the chart how to get them working basically. So platform, as you can see, is structured into work spaces. So at the moment I have two workspace open. This is the main bar. And here you can see two squares. Basically each square represents an open workspace, okay? Right now I have a workspace dedicated to ES, so S&P 500 and another workspace dedicated to NASDAQ. And this is only my way of making things simple, especially because I need to personally for my trading habits, I need to overlook more charts of the same instruments. So for instance, right now the selected workspace is the one of the NASDAQ. And here, as you can see, I have a two-minute chart open, okay? Within the workspace, I have, as you can see here on the main bar, I have more charts open about the NASDAQ. Basically each one of this chart has different settings, okay? Because personally I have to look at the same time at more different informations. This is something very useful because it allows you to have all of the chart I need to have open for a single instrument to have them open all together. So I can easily switch from, for example, this is the order flow chart, the chart containing the footprint chart we will be talking about in a few weeks. But I can easily switch from this one to the main two-minute chart, okay? And this is because they are enclosed together in one single workspace, okay? And of course, every single chart can be open together and maybe if you want, you can even sort them into the same screen area just by playing with the button on the top of the window so you can just, yeah, making it smaller and then dragging if you want and making it larger, whatever. This is something really useful in my opinion because many times happens that you have to look at this at the same time at different chart, maybe different instruments and different tools all together. Something still very important you can do with this kind of representation is that you can make drawings like for example, normally a basic setting higher for this chart, which is the chart I use for the macro analysis will be 30 minutes. And for example here, you can easily change the timeframe by just clicking the space button and then typing 30 and four minutes and easily switch from two minutes to 30 minutes like this just a couple minutes to let the chart build. This is the shortcut basically. Otherwise you can easily change both timeframe and type of chart from this menu here at the top left. So what kind of chart we have available here in Valsys? We have of course, minute based charts daily or weekly or monthly based chart. Then we have got Valdbars, which is something very innovative in my opinion because it allows you to have a specific chart easily showing market rotation. So what is a market? What do I mean for market rotations? Let's make an example and let me get a different chart so we can make the example easier. Yeah, for example, if I want to, let's say set here on the NASDAQ Valdbars based chart, I have to choose between two parameters which are basically a bar target which it will be the first parameter to be met in order for a bar to form, which is basically a number of ticks or specific ticks the bar have to move in one direction, okay? So for NASDAQ maybe we can, yeah, we can specify, I don't know, maybe 15 ticks as a target and then we need to indicate a reverse amount in terms of ticks. So let's leave 30, okay? Let's have a look together what the output is. So what we get is a chart with kind of weird bars. Why? Because with this kind of representation we have a new bar forming. So basically if a bar is still in play we will get this bar closing and forming a new bar when the price has met those two parameters that we have indicated. So basically price need to move in one direction for at least 15 ticks and then as to retrace 30 ticks because those were the two parameters that we have set, okay? After those two parameters are satisfied, have met, those criteria are met, we have a new bar forming, okay? This kind of representation allows us very easily to detect what? First of all, to easily spot, where market is trending with momentum phases or is going sideways. So basically it is very easy to make, to spot where market is directional or where market is ranging. Inter, of course, this is something made more schematic in terms of ticks. So we need to have an idea what the average volatility in terms of ticks of that instrument is because each instrument will have different settings to be set in order to have a proper representation of the market. In that case, for example, for NASDAQ, I would say 15 ticks as target and 30 as reversal are quite fair, okay? Of course, if we want to have the same output in terms of length of bar and how really range phases we will be getting from this kind of chart are reliable on the ES, maybe we will have to set the different parameters because, of course, volatility is much different from the one of the NASDAQ, okay? Of course, something really important to say about this representation is that, of course, being bound to the thick value of both target and reversal, those bars will be completely unbound to time. So basically we can have a new bar starting in one minute. We might have the next bar lasting 30 minutes. It depends how long market will take to meet those criteria that we have set, okay? Another type of chart that we can choose is the range chart. So basically this kind of chart is still based on volatility, but it works in a quite different way. We just need to specify range still expressed in ticks that we want to have bar represented. So for example, let's say 30 ticks and we will have a new bar creating after the current bar has gone for more than 30 ticks, okay? So basically we will have every single bar completely equal to the previous one because of course this is the range that we have set, but still we will have a new bar forming once from the open and the close of the next of the last bar, 30 ticks range has been met, okay? Still in this case, we will have maybe a bar that might be lasting one minutes as in maybe in more volatile phases and in some other times, it can last 20 minutes because maybe market is gonna be less volatile. So it will take longer to go for 30 ticks from its open to its close of the bar, okay? Then some other kind of chart, we've got Renko bars, which it was quite similar to the range bar and then volume bars. So in this case, we will have a new bar forming after a specified volume has been traded. So let's assume I want to put as a parameter here 1000 volume set, yep. And as you can see, we have every single bar as a total volume will have 1000 after 1000 volume within a candle has been traded then a new bar will be forming, okay? So with this platform, we really have many chances to represent charts according to the criteria we want to be focusing on, okay? Let me just have a look at the chat. Okay, here is the link for the promotion. I have typed it into the chat once again. What's your strategy to integrate trading? Let's say basically I'm a sculptor. So I tend to take two points trade on the ES and five to 10 points trade on the NASDAQ. So basically let's say I am a very patient trader in terms of waiting for the correct setup, but I'm not at all a patient trader in turn to holding positions. But still, this is my personal choice. Actually, I have three different strategies. The first, the main strategies is the sculpt strategy. And I also do take and hold on quick intraday trades. So basically I use a volume profile strategy, which we will be talking about in a few weeks. Which allows me to basically take quick intraday trades. So not properly, so not real scalping trades, but let's say in a range of maybe 30 points of NASDAQ and or five points of ES. And then swing position strategy with I have to be honest, I don't trade that much on that strategy because it is something that you really have to wait very, very patiently for setup. You have to wait price coming on key levels. And of course that doesn't happen every day or let's say swing position trades. I have something like maybe two or three trades per month. So I really wouldn't rely on that strategy for my intraday income, which is something that I always, I'm focused in the first place on. Okay, Hannah, yeah, let me just check the settings because there might be an issue with that. Okay, so right now you all should be able to see the link. I've just signed it. Okay, great, great. Sorry, this is my first time handling a webinar through Zoom. So some of the features are still unknown to me. Priyansh asks, all the files spelled properly your name. I've pronounced properly your name. What is your win percentage in intraday trading in volume profile? Let's say I have in that kind of intraday strategy, my win rate is around 70%. In order to get a risk-reward ratio of one to one, one to five. Okay, this is something quite important I am like to quickly say right now, every time we plan for the future we always need to remember that win rate and a risk-reward ratio, they have to be unrelated to each other because if we focus more on one of these aspects, the other aspect will definitely decrease, okay? So if we want to get a risk-reward ratio and we want to get a risk-reward ratio, so if we want to give more focus on the win rate, we can't expect an incredibly high risk-reward ratio and of course vice versa, okay? So basically let's say that I found my balance point between on having a 70% win rate on around getting a risk-reward ratio one to one, one to one and a half, okay? In terms of scalping, that's much, much different because in that case, my strategy is expected to have an 85 to 90% win rate, but risk-reward ratio is a bit lower. So let's say one to 0.7, 0.8, okay? So I'm working with a negative risk-reward ratio but with a much higher win rate, okay? So let's go on talking about some indicators. We will go today, we will go through the main basic indicators and how we can attach them to a chart. First of all, once you've got your chart open, how would you access indicator? But just by right-clicking here on the chart and you'll find the menu here on indicator and you will get the indicator list, okay? On the left side, you have all the indicators dividing into three categories. So basically you can have them all displayed or you can choose to have displayed only volume-based indicators or the common indicators, okay? To easily attach them to the chart, all you have to do is selecting one like this, choosing add and as you can see, indicator will be put here on the right column on the window, okay? That means that indicator has been successfully added to the chart and then after all we have to do is just closing here the window and we can see that moving average, just a sample indicator has been added here to the chart. Unfortunately, default color doesn't match very well with the background, so let's see together how we can change the settings for indicators. So let's open again the indicator window. Let's double-click on moving average and then here we can see the settings specifically for that indicator. With parameters, we can choose whether we want input data based on close of the candle, eye, open or volume. It's length of course, in this case, default value is 21, 21 periods and the type of moving average which in this case we can choose between simple and exponential. We can even set an alert, so basically if the moving average is touched, we can choose to combine it with the sound so an alert will notify us that that indicate prices has come to touch that level expressed by the indicator and then on sub-graphs, on the top sub-graphs, then here we can choose the color of the indicator. So maybe since we have a great background, maybe we can choose something more visible like for example, a white line. Here it is. So the interface is very user-friendly, very easy to use and of course, if at a certain stage we don't want to use that indicator anymore and we want to remove it from the chart, all we have to do is to select it and then going remove, okay. So wait, that indicator deleted from the chart. Of course these apply for all indicators here. As you can see, I have plenty of indicators attached to this chart because this is a quite important chart for me as it's the one I use for trigger purposes, okay. So I have put so much stuff here, but of course this is something you can completely customize as you want. Oh, let me tell you about something, another very important feature of Glossy's platform, which is the annotation overlay function. That means it happens many times that maybe we want to, before we start trading, we make the macro analysis of the on why the time frame, so maybe 30 minutes, one hour, four hours, it depends by your trading plan. And maybe we want to draw some key levels that we want to pay attention to, okay, during our trading session. Sometimes it happens that we draw, we just draw the level, but then this is a chart we will be using then for triggering. So we need to remember what that key level you wanted to monitor was, and then we have maybe to redraw it on another chart, the one we will be using for triggering, okay. This function is made very simple by Voltsy's platform because let's assume I want this line, this orange line I have drawn here on the chart I use for the trigger, okay. What I can do is opening the chart, I want to use for that purpose. As you can see, the line is already there because function is already activated, but what I, let me just do that in front of you so you can, yeah, okay. So I have drawn this line here, okay. So I'll just place it at the right level, okay. Once price will get there, I will have to make some decision, okay. Because I want to, of course, using volume, using maybe VWAP or volume profile or order flow, all the tools we will step by step talk about, we will be talking about. Once price gets here, I have to validate this level, okay. So I need to keep it monitored. All I have to do is opening the chart I use for trigger purposes, right click here and the function and use the function, yeah. Drawing tools from other chart. In this case, in the sub menu, I'll find all of the charts I have opened for this workspace, the one I was talking about at the beginning, okay. And here I have to choose from which chart I want to basically copy and paste drawings here in this chart. I have selected 30 minutes chart and here is the line being copied and of course that will apply also to any modification I would make to the level. So let's say I've changed my mind that I don't want to place it here but a few ticks lower. I would just move it here in the main chart and automatically it will be moved in the trigger chart as well. Okay, that would apply to all drawings. So basically horizontal or vertical line or parallel lines with tangles if I want to draw a range. So something like this or if I want to put some text in the level just to remember why I have selected that level. For example, if I think this level that has a support I can write it down here property, text. I'm gonna write down whatever I want. Let's say support, support level and I will find that here as well and all I have to do is just change in the color because of course the gray background doesn't help me in this case. Anyway, another very important drawing that we can make on the chart is price retracement. Of course, if some of you are using FIBOs so you want to calculate retracement levels of course this is something you can do with the price retracement options and going on property you can choose either the color and the levels. You want to see retracement. You want to check for retracement. So 38%, 50%, personally the only one I use is 76.4% and we will be talking about that however we will be on the webinar about volume profile and then after you can apply those edits by going save, apply, and save. So the indicator is attached and set according to your preferences. Right, so those are the other out something very important I also want to talk to you about very quickly since time is getting over. This is something that I'm really proud to present because I think none of the other platform gets with such feature which is money management. What is that? What do I mean with that? If we go to main menu options and still options under the tab, money management, this is here you can set a set of rules that will simply avoid you to trade after some conditions in terms of maximum drawdown or a maximum number of trades taken are met. Okay, so for instance, and this is something you can set broker by broker. Okay, so if you have different accounts for each account you can set different rules. For example, let's assume you have a thousand dollar accounts of course you might want to set the maximum daily drawdown of 100 which is exactly the case of this example with CQG I have a $1,000 account. I've set $100 maximum daily drawdown or a maximum number of trades. In this case I've set 10. So what happens basically as soon as my account gets a drawdown of more than $100 every position is automatically flattened and if you manage to open a new position the order just won't go through. So basically it's just something that is very, very useful for those days when somebody tries to break its own rules in terms of money management in terms of number of trades taken in terms of revenge trading. Of course, this is something very useful to avoid revenge trading. And of course there are so many other criteria you can specify after that trading will be locked completely for that day. For example, here another condition I have set is that I can only trade with this account micro ES and micro NASDAQ with three contract maximum for the micro ES and one maximum contract for the micro NASDAQ. Okay, so if I try to open maybe four contract of micro ES the system just won't let me do that, okay? And this is also very useful in terms of first of all edging or sometimes not closing position and adding position to a losing one. And it also helps maybe if we are in a losing streak and then we are tempted to open a position which is double to the one was losing money. With these tools, we simply can do that. So this is something very, very important in my opinion in terms of self managing, money managing and therefore properly managing the enterprise of trading, okay? Which needs to be treated as a business. But then your question might be if I just change these settings, I can still overcome the limits, not really because once these settings are set, they can't be changed until the day after. So today, for instance, I have these criteria set even if I change them right now, changes will be active from tomorrow on. So that completely avoids impulsive behaviors to be managing yourself, okay? Something really, really important in my opinion. Okay, let me just check if there is some question. If there is some question, very useful indeed. Revenge trading is an old thought of mine, yeah. I have to be honest, I have to struggle with that a lot. So that's, yeah, I think this is something that for most of the time holds most of us from profiting. Most of us would be profitable much, much earlier if we would be able to control ourselves, especially during difficult days because in that moment, it's like we get a lot of money because in that moment, it's like we get detached from reality, from the perception of our cell phone and what market is. So we are not objective anymore. These tools helps us to keep objective, okay? And first of all, it helps us to keep our money safe because if we can keep our losses small, they will be easier to recover them tomorrow. But first of all, it allows us to be in the market tomorrow and tomorrow and day after day, okay? So that's okay. I think we are at the end of this webinar from next webinar on, we will be starting to talk about volume strategies. So basically from next time, next time, I will be talking about VWAP and its standard deviations and how they can be easily used in order to build a direct strategy. And let me write down once again the link here in the chat, looking forward for it. Thank you. It's a, I'm so glad to go through this serious webinar because volume is something that talking about volume is never, never enough. That's perfect, okay? So I wish to all of you good evening. Thanks, I thank you for your attention and see you next time. Take care.