 Hello everybody, I'm sorry that we started, we started a few minutes late, seems we had some technical issues getting, getting started with the, with the software. Sorry about that, I hope I'm wondering if I can get some acknowledgement that you can see me and hear me and that you can also see my screen. Or maybe not, I'm not getting any acknowledgements. Thanks, Alexandre, thank you. Thanks, thanks very much everyone for letting me know that. Again, sorry for this. I just want to give the attendees just one more minute to pop into the room and then we'll get going. See there's more people still, still joining we'll give it 30 more seconds. Okay, let's do this thing. Hello everyone to today's session. If you don't know me now, my name is Ilan Azbal. This is the second session of the series. The first one was an overview of the order child's product suite. The second session today is speaking around how to filter for the best trading opportunities using the tool and the next session will be around risk management. So today's session about how to pick the best trading opportunities using the order child as tool. Before we get going, I just want to focus on this very important disclaimer that trading CFDs on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade contracts for difference, you should carefully consider your trading objectives, level of experience, and risk appetite. It is possible for you to sustain losses that exceed your invested capital and that we should not deposit money that you cannot afford to lose. Please ensure that you fully understand the risk risks and take appropriate care to manage your risk. So now all the lawyers are happy. So let's get going. So for those of you who don't know how to get the order child as tool, you click on client tools, click on order child as and that takes you to a page that looks like this and there'll be a download link. You can go to the web application directly. You can install the MetaTrader plugin and this MetaTrader plugin is the one that I'm going to be talking about today. I'm not going to go through the installation process. You download it, click it and click next a few times. And what will happen is that you will get two pieces of info in your MetaTrader, one called the order child risk calculator, which we're not talking about today. That's the next session and the expert advisor called order child as now you in order to get going using order child as you drag and drop the order child as EA onto your chart. Now I know it's an EA and some of you may be worried that it's going to trade on your behalf, but that is not what it does. It does not trade on your behalf run. It simply scans the market. So don't be nervous about dropping our EA onto your chart. And I've been through all of this already last week around what this all means, your trading setups. It scans all your symbols in your market watch window for trade setups across all different time intervals. So you can see there's something on GBPJPY 15 minute and we can click it and have a look at what that looks like. Here's the opportunity over here moving towards this resistance, this green resistance line over here. Here's let's say something else GBPUSD moving rapidly towards this other green resistance line at the top over here. So yeah, I'm moving pretty quickly today because I'm assuming you were at the previous webinar session. If you weren't, you got to catch up and watch the recording of the previous one. So today, we're going to be discussing how to choose which of these to actually look at and follow. And so the first thing I want to go to is the filtering section. So the way I normally set up my filters is to look at completable breakout chart patterns, breakout key levels and emerging key levels. And this is what each of these look like. And I'll show you how to trade them. Let me just remove M30 and M15 candles as we get too many results. Okay, so Euro-USD. So let's look at this example in Euro-USD, which is a falling wedge bullish breakout. Have a look at that. Okay, here it is Euro-USD bullish breakout. You can see the wedge here quite clearly. Now, as you can see, the price has been moving down, and now there's a bullish breakout. Now, in normal circumstances, I personally would not follow such a signal because it is contrary to the prevailing trend. So if I have a look at the prevailing, the prevailing trend right now, it's definitely a bearish. And now we get a bullish signal, a bullish breakout on the upside. I am not a big fan of being too contrarian on these kind of longer trends. So if you were going to kind of put my back against the wall and say, hey, you have to take this position, then I would say, look, you got to wait for a little bit more of a confirmation, right? So a little bit more of a confirmation of the breakout before taking a long position because this last few candles might just be a little bit of a little bit of noise. Before I continue, I see that one or two of you are having some issues where my screen is not clear. Is that just Muhammad that's suffering from that, or is my screen clear for all the rest of you? I only see that message now. Does it seem to be clear or clear? Okay, good. Thank you. Thank you, people. Thank you very much for confirming that. Muhammad, maybe it's your bandwidth or something. Okay. So again, getting back to the topic, I look at this, and I think the way I look at that, I see falling wedge, which tells me it's a downward pattern with a bullish breakout. For me, I don't personally follow that because, again, I don't like being contrarian. If you're a contrarian trader, then that definitely might be something you look at, but that's not for me. Similarly, I look at rising wedge with a bearish breakout down, and I potentially see something similar. I am not sure whether I would trade something like this, although I can see a confirmation of the breakout, which means that I would consider it. Also, this is not a very, oh, this is actually a long-term trade. This is EuroNZD daily chart. So this is actually quite a serious upward trend with a bearish breakout. I think quite a lot of room to move over here, quite a bit of space between these two, between the current price and the forecast region in gray. So it could be something I would consider, again, maybe wait for a little bit more of a confirmation for another bearish candle today and then potentially a move. But again, I don't like these contrarian things. So let's look at this one over here. So this is a, as you can see, a triangle on NZD JPY hourly chart. This is a sideways or consolidating market with a bullish breakout. And you can see it broke out and then very quickly pulled back. Another example of why it's extremely important to get a confirmation of the breakout. Now, the interesting part for me that I'm looking at over here on this pattern is how there is another trend forming this way, right? Kind of a channel or a wedge falling in this direction. So I might actually even consider taking this position, maybe wait for a candle to two for a small turnaround and potentially taking this position long. Okay, let me move on to some more patterns that I want to show you. Okay, let me see one or two that I really want to look at. Okay, double top. This is quite an interesting one. So for me, this is quite interesting because there was a breakout. You can see one bar breakout and then a reversal back again, right? So very clear to see that Pounce was frank is still a really comfortable trading in its trading range. Now, personally, these are my favorite kind of patterns are the ones that have horizontal levels. Okay, so anything that's got a horizontal level, it's something that I'm a big, big fan of. And I'll show you now why that actually is. So if you click on this little world icon, there's a URL which you can copy and paste into your browser. It's under the words performance statistics. If I put that into my URL, I'm going to come up with some performance stats for the instruments I'm looking at. Now, as you can see, just from the overall picture, we give performance stats on chart patterns, key levels, breakout key levels and approaching key levels. And you can see how the key levels, right, which are the horizontal levels, those are the ones with the highest percentages, right? But let me click on to the chart patterns first. I have found that the patterns that involve horizontal levels such as ascending triangle that looks something like that. It's got a horizontal level at the top, right? A descending triangle, double bottom, double top, head and shoulders and inverse head and shoulders. Notice how, here's a rectangle. Notice how in general, the patterns with the horizontal levels are pretty good performers. Yes, they do obviously fluctuate up and down, but in general, I found over the years of doing this that the ones with the horizontal levels are really, really good performers. If we go back to the actual key level breakouts and key level approaches, you'll see that these generally are really, really good, right? So in general terms, the key levels are really, really star performers. So if I go back into my meta, I want to show you what I use. This is the reason why I would select the breakout chart patterns and key levels. Now the breakout chart patterns, what I would look at always are the setups which have a horizontal component to them, right? That's what I normally look at. So this is why I display them on my screen here. For example, this descending triangle is something that I would look at. Why? Because it's got this horizontal component to it. If you want to remove all noise, then you can just remove the chart patterns and just look at the key level approaches and the breakouts. If that's really what you want to do. But again, I like to have the chart patterns there just to have them in case I do see something with a horizontal component to it, right? So going back into the statistics for just a moment, I want to also show you one or two other little hints and tips that I have. One of the important things to look at is actually the hour of the day when we're trading. So we can see quite clearly, I'm here at GMT plus three, which is just a few hours away from London. You can see that as the London session comes in, the stats get really a whole lot better than when we're out of market hours, right? And what I mean by out of market hours, as you may or may not know, London is the world capital for forex trading, right? It's not New York or Tokyo or Sydney. Yeah, those are major financial centers, but really all foreign exchange clearing and wallet and liquidity happens primarily during the London session, during the European session. And so if you come back to the real core of what autochart is does and that is the identification of psychological support and resistance levels, right? So that's overbought, oversold levels. You'll come to understand that psychology happens when they are market participants, right? If you have just a few people trading, there's no true market psychology that's being played out in the market. Psychology happens when there's lots of participants. And so naturally, you'll see that the chart patterns perform really substantially better during the European session. If you look at the horizontal levels, they actually perform pretty much across all time frames, although there's definitely a lull around midnight in the UK when most people are sleeping. And certainly some of the percentages do get higher during the UK session, but in terms of horizontal levels, really performance is stellar throughout the trading day. Some of you may be asking, why not just use approaching key levels when trading? Those seem to be the best performers, right? I'm not sure why my autochart is stall there. Let me just reload it. And I'll answer that question quite easily, is that the stats for the approaching key levels, and I'll show you what that looks like, that's something like this, where there's been a key level. You can see that quite clearly this pattern or this price of pounds swissy has hit this level so many times. Actually, even before that line was drawn, you can see tons of times, very important level here. And it's moving towards this line. So sometimes this amount of space there is, or the number of pips you have between the current price, and when we identify this pattern is sometimes very, very small on these approaching key levels. These approaching key levels are these gray icons over here in my graph right now. So although they're really good, they hit their level quite often, you do need to be in front of a computer, watching them very carefully if you want to trade them. Let's look at a few more examples. Let's look at the support example here or JPY hourly chart, where is the level? Oh, there it is, the level over here. You can see how close the price is to that level. I mean, it's almost touching it, right? So again, this is something you can't really trade unless you set some kind of sell-stop. That will probably be a better way to trade, but you can't trade it on the spot price. Whereas if we look at these breakout patterns, which are the colored patterns, you can see that the price is broken through and now potentially moving down to this level, and that's quite a large amount of time for you to make some money from these movements, right, from this trade setup. So again, don't just think, oh, because the approaching key levels are the best, those are the only ones I'm going to look at because there is a double-edged sword, right? You can't have everything in life. Now, one thing I do want to point out is that Tickimal is one of the few brokers that have subscribed to one of the most premium services we have, which is called Our Favorites. Let me explain what this is. It's actually a little unassuming little drop-down box over here, which is really, really powerful. What this little drop-down box does is that it looks at all the current trading opportunities in the market, combines them with the performance stats based on the pattern, the symbol, and the time of day, and then it filters for those best trading opportunities. So let me show you. So if I only look for things which are 60% or greater opportunities, well, actually let me add in some chart patterns in this filter so that we get a lot more information in there. If I'm looking at, if I remove this filter completely, right, let's see how many pages of results we have. We have four pages of results, actually three and a little bit pages of results. If I filter for 60% probability, I get, oh, the same ones. If I look at 65% probability, I get only two and a half pages of results, right? If I go to 70% probability, I get only looks like one or just under two pages of results. So what does this probability actually mean? First, I have to tell you that, you know, disclaim the fact that past performance may not be indicative of future performance. Second thing is that this probability is not how much money you would have made, right? I would have made 70% on the market. That's not what it's saying to you. It's saying to you that out of these patterns that you've got on your screen right now, in the last six months, 70% of similar patterns hit their target price, which means patterns on this symbol, this time interval with this pattern itself, resistance, at this time of day, hit their target region at least 70% of the time. Again, it's like the weather, right? So there's a 60% chance of rain or 70% chance of rain doesn't mean there's going to be rain, right? There could be rain, there may not be rain, right? So again, past performance might not be indicative of future performance, but certainly it gives you a good idea of the probability, right? And may even skew the chances of making money in your favor. So it's a really interesting filter. Now, if you go to 75%, you get less than one page of results. If you go to 80%, you're looking for absolute miracle. So don't look for miracles. I think you always, if you're going to use these performance stats, sit at 60%, 65% or 70% at most, right? As soon as you get to the 80% range, your population size on which the stats are generated are so small that you might want to take them with a pinch of salt. Right? So try set it at 70% and then you get the really kind of the creme de la creme of trading opportunities. And even look at this, even that channel down that I didn't want to trade earlier does come up as a 70% opportunity for the last six months. Again, I still wouldn't take it out unlike being a contrarian. Okay. Now, one thing I do want to point out quickly is that, let me just start out my advisor. This little program allows me to show you my, now I can't do it. Okay. So it allows you to show you my cell phone on the screen. Let me actually quickly get it going, telling me I need to download a new version. Always my luck. During a presentation, it's telling me to download a new version. So let me just quickly get that download going and then I'll switch back to my presentation in the meantime. So I see that Bart, I won't say your full name because I'm going to struggle to pronounce it. It's Bart Lommage. Sorry if I made a debauchery of that, is asking are these stats for specific chart patterns for specific timeframe? So Bart, what I want you to do is I want you to actually go into your meta, click on this world icon, copy and paste these performance stats into your browser. And then what you can do is you can actually look at breakdowns. Now, there's two dimensional breakdowns as well towards the base of the screen. You can see the interval against the direction, the pattern and the intervals, the symbol and the intervals. I think there's definitely something wrong with our stats right now. I don't know why we're not getting the 240s and the 1440s. The interval, the hour of day. So lots of different kind of statistics that you can look at. If you don't want to just look at the symbols and the patterns and the intervals, you can definitely look at all the kind of the two dimensional matrices that we provide to in this, in these performance stats. So you can definitely do that. I wonder if I can just quickly install this. I don't know why it's asking me just as I was preparing for this presentation, everything was working and now suddenly it's not working. Okay. So let me go back to my meta in the meantime. Now, what I wanted to show you is that you can actually get these same opportunities on your mobile phone. Now, here we go. Let me just make sure it's all connected. So I'm going to click on view. Here we go. I should hopefully see my, here we go. There's my screen. I hope everyone can see my screen. This is my screen. So if you go to the Google Play Store, the Apple App Store, you can download the order charters application. Just look for order charters and download it. And then once you started up, click on I accept your terms and conditions, click on login using QR code. And then if you just scan this QR code, order charters mobile app will automatically log you in. And you can see that in this app, I can select the same filters, right? So, so if I select everything over 70%, I would select okay. And it will show me the same results as I see on my meta. Look at this. So here is a GBP Swiss Franc one-hourly graph. Here it is. GBP Swiss Franc one-hourly graph or JPY 60-minute graph. Here it is. Or JPY 60-minute graph. The same opportunities available on my cell phone. Obviously, the beauty of having it on my cell phone is that I can go into settings and obviously enable push notifications, right? And set my push notifications to over 70%, push okay. And then you can select what you want to get push notifications on as well, right? So this is a really, really interesting feature. If you are not on your meta the whole day, but you still want to get alerted to good trade setups, quite interesting to download and install the order charters mobile application, right? And again, how to do that. Oops, I clicked on the wrong button. How to do that, click on the little world icon, not the world icon, so the cell phone icon, it'll actually tell you search order charters in Google Play or App Store, do that and then login using the using the QR code, right? That will really give you the ability to not have your meta open the entire day. Just have yourself an open. The thing is though, is that you don't want to get inundated with push notifications. So in terms of the push notifications, try and set your push notification the minimum probability higher to 70 or 75% so that you only get a few notifications a day, of course, right? So otherwise, you know, you don't want to get hundreds of notifications a day, then you're going to go and uninstall the app, which is not what our objective is. Okay. Also, in the mobile app, you can get some more information. For example, look at GBP Swiss Frank, you can get some more information about this opportunity. You can also copy the forecast into your clipboard instead, in case you want to open up your mobile trading app and copy a target region in there. You can send yourself an email and you can look at volatility analysis. So the volatility analysis obviously is very important in filtering out trade opportunities and I'll show you what that means now. Let me go back to the meta for just a moment and let me zoom in. The expected volatility ranges of volatility analysis is available to you by default when you use auto charters and that gives you the expected price range movement for the next hour, four hours and 24 hours. Okay. So when you evaluate whether to take an opportunity or not, you can see that this forecast level that we're going for is less than an hour away. So this price could hit this forecast level in less than an hour. So if you're going to go and take your kids to school or meet your friend for lunch or dinner or a cup of coffee and you're going to be out for more than an hour, this might not be a good opportunity for you to take because it just doesn't fit into your lifestyle. For example, let's say you want to set a stop level over here and a take profit level over here, then you're going to hit this stop loss or take profit really in the very near future and it doesn't give you the opportunity to react or maybe change your stop loss strategy or move your take profit out if the market starts moving rapidly towards it, you want to take more money off the table. So again, I urge you to not to completely ignore these blue lines on the ends, but look at them before you take your position to see when this opportunity is going to hit. Let's look at this CAD, Swiss franc resistance opportunity here. So you can see, I'll zoom in a little, you can see that this is a daily chart on CAD Swissy that if it goes towards this level, if the price of CAD Swissy continues to go towards this target gray level here and it hits it, it'll hit only within the next 24 hours. So there's plenty of time for you to adjust your stop loss and take profit and move things around as need be. So again, keep an eye out for that. So let me summarize what we've learned today because I've been speaking for about 30 minutes and I want to open to Q&A. The things to keep in mind when you're looking at trading opportunities, if you're not filtering, look for trading opportunities that have horizontal components in them. So things like resistance, support, descending triangles, double tops, ascending double top, those are the kind of things you should be looking for definitely. Unless of course you're a kind of a mean reversion, well not a mean kind of an anti-trend player, right, a non-conformist then you can look at these others but personally that's not what I look at. Secondly, look at the performance statistics. The way you get to those performance stats is you copy this URL into your browser. So look at the performance stats. Thirdly, use this minimum probability filter which does the really difficult work for you of merging the currently available trading opportunities along with the performance statistics to give you what over the last six months have been the best trading opportunities. And the last one that I want to add in which I actually should have said first at the very beginning is reduce the number of instruments you have in your market watch window. So when you reduce that, the number of trading opportunities that Autochartus shows you in the window reduces as well. We only show you information based on the market watch window. So if you're not trading let's say GBP Swiss Franc, remove it and then the opportunity will remove. So let me show you an example of that. If I just go hide GBP Swiss Franc, I'm not going to wait for it to reload. I'm just going to force it to reload. You'll see that that GBP Swiss Franc opportunity at the top disappears, right? So it's not there. So if you bring this down to just a half a dozen or four or five instruments, you'll get far less opportunities to look at. And that's the one thing you shouldn't be scared of. Don't go out looking to place a trade or forcing a trade. Let the market come to you. There's always lots of opportunities happening across lots of different instruments. Don't force the trade. Let the good trades come to you. And then of course the last thing is don't forget the mobile application to alert you, right? And the way to alert you is to go into this little icon over here and log in. Once you've done this once, once you've logged in once, you never have to log in again, right? The app will just be available to you. You just open the app as you would from any regular application will come up. And then of course, if you enable push notifications, we'll get notified of the best of the best trade trade setups. Okay. And with that, I think I've said enough. Let me go and have a look at some of the questions. I see you guys now like to look at the chat window instead of the questions window. So Bart, you asked if you're looking at looking at daily TF, there is no possibility. Sorry, what is TF? Maybe you're talking terms of the stats. They are definitely supposed to be time frame. Yeah, daily time frame. No, no, they're definitely stats as something has clearly gone wrong on the daily stats. They should definitely be statistics on daily. As soon as we're done with this presentation, I'm going to head off to my support team and ask them what's going on. Maybe it hasn't been reported or hasn't been noticed by them. So wait for tomorrow. Tomorrow, there'll definitely be daily time frame statistics available to you. Don't worry about that. So Mohammed, these trading sessions, the last one and the next one are available online. Please, could you ask your Tickmull representative? I guess it'll be on the YouTube channel. I believe this training. So look for the previous one. You'll see my name there, Ilan Asbel, and you'll see the previous one and this current one. It normally takes about a day or two to post because the guys edit the noise at the beginning and the end and then post them. So Akinola, you're asking is the next presentation going to repeat today's? No, the next presentation is not going to do any repetition of today's. The next presentation, we're not even going to be opening the autochartist expert advisor. We're going to be purely looking at the autochartist risk calculator, which is the most amazing tool you have ever used in your entire life. I love it even more than my own market scanner, which we discussed today. So really, join us next week and I can tell you, it's not next week. I'll tell you when that is. That presentation is going to be October 21st. So it's next week Wednesday. Same, I believe it's the same time next week, Wednesday. Please join us for that presentation. It'll be about risk management. Super interesting, especially for those of you who are looking to improve your stop loss strategy and stop losing a lot of money on your trades. That'll be a really, really interesting one. Thank you, everyone. Oh, sorry, when? When is asking? Sorry, when? I didn't mean to ignore you. When is asking? You came in late into the presentation, how to install the autochartist empty for app? Quite simple. You visit the technical website, you go to client tools, click on the autochartist link, and then you just scroll down until you find the install meta trader plugin. It's that easy. You shouldn't require a login or a password or anything if you have a live account. So it's free to live accounts. I guess I should have mentioned that in the beginning, that no one's trying to sell you anything today. This is purely educational. The tool is free to use with a live account ticker. Ali is asking me the best probability suggested. Ali, there is no best probability suggested. I have learned over the years how to look at just the list without filtering. I've learned to look at the list and know what's the best and what's the worst. Personally, I think anything, even if you click on 60%, it clears out a lot of the noise. I think that's 90% of the task is to clean up noise. Once you're through with the noise and everything else follows, then look at it rationally and choose the style that works for you. I don't want to enforce a probability for you. What I do want you to focus on is join us next week for risk management. That's going to go a long way into making sure that if you do make the wrong trades, you don't lose an excessive amount of capital. So please do join me for that webinar for next week. Thank you, everyone. Love talking to you again. Sorry about starting late. Hopefully next week we'll be on time. Thanks again. Enjoy the rest of your day or your evening wherever you are in the world. Bye.