[Geko]

On click the EA displays the Scaling Management Box which allow you to manage scale in trades:

01-Scaling.png

The purpose of this function is to scale in trade without any risk.

Once 1 or multiple orders are in profit and a HARD Stop Loss is set, the EA will calculate the cash locked. On this basis, you decide if you want to scale in your trade, risking x % of the floating cash locked.

The EA will calculate automatically the lot size to use, using the closer Hard Stop Loss.

If you are happy with the settings just click on the appropriate button which will appear to open scale in orders.

[Geko]

On click the EA displays or hide the various tools buttons available in Blast.

In OOTB settings, the tools buttons are displayed on initialization.

[Geko]

On click the EA displays or hide the various Chart Organization buttons.

With those buttons, you can:

• Display/Hide Daily Open time separators
• Display/Hide Weekly Open time separator
• Display/Hide Monthly Open time separator
• Display/Hide Week days’ label
• Display/Hide Sydney session Open time separator
• Display/Hide Tokyo session Open time separator
• Display/Hide London session Open time separator
• Display/Hide New York session Open time separator

The lines color/width/style, timeframes visibility, and other properties are available into the EA settings which are really straight forward.

You can note that in OOTB settings, weekly and monthly open time lines separators have different colors, in order to make it easier to identify the beginning of a new week or month.

[Geko]

On click the EA displays or hide a panel with closed trades results and various information’s about your account:

01-results.png

You can note 3 edit boxes in the panel.

You can specify manually a lot size and the EA will calculate the pip value and margin requirement.

You can filter closed trades results by Magic Number and/or Pair.

[Geko]

On click the EA displays or hide the various Support & Resistance buttons.

With those buttons, you can:

• Display/Hide Today & Yesterday Open price lines
• Display/Hide Weekly Open price line
• Display/Hide Monthly Open price line
• Display/Hide x previous day’s highs lows
• Display/Hide x previous week’s highs lows
• Display/Hide x previous month’s high slows
• Display/Hide Grid with Big Round Numbers
• Display/Hide Murrey Math barometer and lines
• Display/Hide Daily or Weekly or Monthly Floor pivots
• Display/Hide Daily or Weekly or Monthly Camarilla pivots
• Display/Hide Master Candles on 4 different timeframes
• Display/Hide Current timeframe fractal boxes
• Display/Hide Latest higher timeframe fractal box

The lines color/width/style, timeframes visibility, and other properties are available into the EA settings which are really straight forward.

Here is an explanation about the Master Candles concept:

MASTER CANDLES
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This idea comes from the previous day’s highs/lows concept and after reading stuff about VSA.

When you look back in history on your chart, you can note that during ranging times, market cannot close outside of a specific area.

Here the concept: If price cannot close outside the highest and lowest value of a candle, market is potentially ranging.

More than a thousand words, here are some screenshots explaining the concept:

01-Master.png

In this screenshot, EURUSD weekly chart, you can note that the price was not able to close above or below the weekly candle opened on the 19 June 2016.

Even if the price try to break this candle, price closed inside this candle area.

I am using Weekly candle examples as, the longer the timeframe, the more powerful the pattern.

In Blast you can find buttons to identify potential Master Candles on 4 timeframes: Weekly, Daily, H4 and H1.

Here is how Blast would display the previous Master Candle:

02-Master.png

A rectangle is formed to highlight this master candle until a candle close above or below this candle. The white dotted lines are drawn according to the master candle range to highlight the 20 % upper zone and 20 % lower zone (arbitrary value which can be modified in the indicator inputs).

The 20% upper zone is highlighted in red, when the 20% lower zone is highlighted in green.

Here is the same Weekly Master Candle but this time on the Daily chart.

03-Master.png

Those zones can be useful to identify potential ranging trades, which must be confirmed by other criteria’s.

In the Master Candle settings, you can find an option to limit the look back days to a specific date to avoid abnormal events which have occurred like the Brexit or the Swiss drop.

[Geko]

On click the EA displays or hide the various Lines buttons.

With those buttons, you can:

• Display/Hide various Moving Averages with inner or outer ribbons
• Display/Hide various TMA with inner or outer ribbons
• Display/Hide Moving Average ATR channel
• Display/Hide Alligator Moving Averages

The lines color, Ribbon color, Multi timeframes mode, timeframes visibility, and other properties are available into the EA settings which are really straight forward.

Here is a screenshot with a Moving averages ribbon, you can note the transparency effect between the various objects on the chart:

01-MAs.png

[Geko]

On click the EA displays or hide the various Signals buttons.

With those buttons, you can:

• Display/Hide Previous day wick’s zone and 38 62 lines
• Display/Hide Pullback signals

PREVIOUS DAY WICKS
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On click the “Pd” button will display yesterday Candle wick zone and yesterday 38 % and 62%.

16-PD.png

The wicks zones can act as Support and/or Resistance. Those zones can be used for breakout trades in direction of the trend. They can also be used for reversal trades.

Usually above yesterday 62% bias is up, below 38% bias is down.

To enter trades you would need additional confirmations.

PULLBACK SIGNALS
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Some of you might know this concept as Daily Pullback or Pipcruiser.

Here is the concept, this is a D1 trend trading strategy. To have a signal:

Long setup: Previous Month (1) up; Previous Week(1) up; we are looking for a buy trigger.
Short setup: Previous Month (1) down; Previous Week (1) down; we are looking for a sell trigger.

Taking a buy as an example where Previous Month 1 is up and Previous Week 1 is up:

Monday is a non-trading day as it is the start of the week, so we start looking for trades at the open of the daily candle from Tuesday onwards.

There is no trade on Tuesday if Monday's candle was up. If Tuesday then falls, PB sets the buying level at the high of the Tuesday candle. If Wednesday then falls, PB then sets the buying level at the high of Wednesday candle, and so on.

The EA display on the bottom right corner the previous month candles directions to make it easier to read those signals.

When Pullback signals option is turned on, if there is a potential signal for the day, the information will appear in the bottom right corner:

16-PB.png

[Geko]

On the top right corner, you can find the following buttons:

01-TopRight.png

When you are using Blast with CDM, those buttons will be automatically aligned vertically in order to avoid cluttering your chart. You can deactivate this option in the EA settings.

MAXIMIZE CHARTS
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When you are using CDM to manage and organize your charts, it can be useful to be able to maximize the charts to have a full screen view.

A click on the first light green button will maximize a chart. When the chart is maximized, another click on this button will minimize the chart in CDM.

CROSSHAIR
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A click on the second button (pale white) will display a crosshair on the selected chart.

Once clicked the button color will change to orange to show that the option is activated.

You will notice that 2 other buttons have appeared on the side of this button.

The previous click on the crosshair button has displayed a crosshair on the selected chart.

A click on the second pale button will display a crosshair on all CDM opened charts.

A click on the third pale button will activate auto shift navigation on the various timeframes. If you are monitoring multiple timeframes of the same chart and that you are highlighting a particular zone on the H1 charts, the other charts will scroll to this time to monitor this areas on the other timeframes also.

This option can be useful to compare charts.

If you are monitoring different timeframes of the same pair, the crosshair’s line color will change whether you are looking at price action in the past or in the future in relation to the timeframe.

02-Crosshair.png

UNDOCK
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A click on the pale pink button will undock the chart.

GENERATE TICKS
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A click on the khaki button will generate one tick and display another button.

A click on this second button will generate ticks automatically. This option can be useful to monitor charts during week.

DISPLAY OPEN TRADES RESULTS
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A click on the “R” button will display open trades results:

03-OpenResults.png

This box displays:
• Symbol
• Bid price with color
• Number of pending orders, Pips / cash locked or at risk. If pips are locked the color is green, if pips are at risk color is orange, if no SL is set with the orders, the color is red (unlimited risk).
• Sum of floating results in pips and cash
• The edit box allow you to display the results only for a specific magic number
• List of all orders with pip value, TP & SL value ( #B for buy trades #S for sell trades).

In order to hide this panel, you can click the “R” button again or the yellow arrow.

When Blast is used with CDM, if you display the open results panel it might hide the top right buttons, in this case the yellow arrow button is the most appropriate to hide the panel.

DISPLAY CLOSED TRADES RESULTS ON CHART
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A click on the “C” button will display closed trades results on chart:

04-ClosedTrades.png

You can display arrows and/or lines and/or boxes to highlight closed trades and analyze them.

[Geko]

OTHER INDICATORS WITH BLAST
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Blast is painting charts in a different way than MT4 standards charts which allow transparency effects between various objects and much more.

The main advantage is to be able to have some cool charts.

However, there is a limitation when you are using it with other indicators. Any indicator can be associated with Blast, but if those indicator’s objects are created as background objects, they won’t be visible (they won’t appear on your charts).

In order to remedy this situation, just make sure that your other indicators objects are not created in background by using this line of code when you create objects:

Code: Select all

ObjectSetInteger(0,name, OBJPROP_BACK,false);

SAVE SETTINGS
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You can customize almost everything in Blast, chart colour, lines colour, lines width, lines style, display modes… OOTB settings are the one I am using at the moment, you can start with that.

Once you have a good understanding of the various functions and settings you can customize it to fit your preferences and requirements.

As Blast is an EA, once you have customized the settings, you can save them as an EA preset or as a template.

If you are saving the settings as a template, you might consider using a tool already shared in the forum to save your templates. When you save templates, MT4 saves all objects drawn on your chart, and as Blast is creating a lot of objects it might create a heavy template. This tool would cope with this issue.

You can also create various templates with Blast to use it with CDM More screenshot and ideas coming soon.

[Geko]

Reserved for additional infos