00:01the schmidt and i'm back again with another trading video so today what you're looking at
00:09here is a trading engine that i've coded programmed and developed it's uh i call it the 30 minute
00:18opening range breakout probe and people that trade understand the popularity of the opening
00:29range breakout strategy so i've coded this trading engine to automate the strategy here
00:38so what you're looking at here is the user interface dashboard here that i've put together
00:45and so it fetches up to 26 major and minor currency pairs here if you look to the left these
00:55are all
00:55the currency pairs that it analyzes all the major and minor pairs in addition to that i have it
01:03programmed for bitcoin and ethereum as well the two cryptos okay so the 30 minute breakout strategy
01:15engine works on the new york opening range here so we're looking for the opening range between the
01:249 30 open and the 10 o'clock open so the engine determines the range the 30 minute range and
01:34here
01:34i have a live command center here currently it's telling us it's giving it gave us a ethereum signal
01:44which occurred at 1205 p.m it's uh it's about 1206 but it's pending here meaning that it's waiting for
01:55retest
01:56of the uh of the signal right so how the strategy works basically if we look here to the left
02:06i have a
02:06a narrative of how the strategy how i program the the logic the trading logic into the engine here
02:15we first determine the opening range the 30 minute opening range on the new york open which begins at
02:249 30 a.m till 10 o'clock i also have a validation filter here which tracks uh institutional capital
02:36entering the market a 1.5 time volume filter here right so for each pair the engine maintains active
02:46subscriptions for the five minute for breakouts and retests and the 30 minute time frame to calculate
02:53opening ranges right and it also has a one hour and four hour time frame built in for trend validation
03:04the updates are made in real time and the engine is constantly in scanning mode waiting and working
03:11through the new york session uh opening at anchor to identify high probably high probability breakout signals
03:18here so right now the we're past in the opening of the breakout range here so it's 1207 pm currently
03:32so it's scanning the markets and scanning all these currency pairs the 26 major and minor pairs
03:38along with bitcoin and ethereum to find high probability setups for us and when the engine finds them
03:51it sets up a signal here i have them i have the signal set up as regular alerts on the
03:59screen as well as
04:00uh pop-up alerts uh pop-up sound alerts and audio alerts here so for instance here
04:09it found a potential setup on ethereum here and it gives us the entry price
04:17the stop loss and the take profit target
04:23so this engine automates the whole process so now it'll scour all the currency pairs for you
04:31as well as do the analysis on the trading pair and come up with uh trading recommendations so
04:39it saves it'll save users a lot of time in doing the analysis the traditional way which means
04:47analyzing each uh currency pair individually and then applying the strategy
04:54that i just discussed so now everything is automated and it does it for you in an instant
05:02and it's constantly updating i also have a a latency feature here
05:12which uh okay hold on the latency fetch is at the top here the web socket it uses the rev
05:20the public
05:21derivative uh web socket api and it tells us you know how the latency is here it measures the latency
05:32right now
05:33it's at 3473 which means 3400 milliseconds so the this the uh the data that it's retrieving from the
05:44the rev api is negligibly late you know it's it's pretty it's pretty good uh 37 34 milliseconds is
05:55pretty negligible uh and that's important that we all we keep monitoring the uh latency of the web socket
06:03where we're getting the historical data as well as the the tick data for the uh the data feed all
06:11right
06:12so here it's currently scanning for breakouts today is friday there's probably not much going on
06:18uh it tells us the system uh it tells us the system is online if there's a problem with the
06:24web socket
06:24feed it'll tell us it's offline and that uh there's a halt in the the analysis all right so
06:33there we go we have the new york range here the execution protocol
06:38looks for the 9 30 to 10 o'clock high low then the breakout is it waits for the uh
06:46the five minute to close beyond the the breakout level and then there's a retest
06:53of that level to confirm the validity and those uh trend guards are there the one hour and four hour
07:01alignment guards are also implemented into the uh engine and the engine gives us a risk reward of one
07:12to point uh one to two uh it looks for one to two uh risk rewards in the analysis here
07:22all right so
07:24that's basically how the engine works i will look for any suggestions on how uh if you have any additional
07:35suggestions like i said this works on the 30 minute opening range breakout there are different sorts of
07:41breakout strategies there's five minutes there's 15 minutes uh i think the 30 minute is the most
07:47accurate i wanted to build something that it was as accurate as possible so it looks for the 30 minute
07:55uh range and then it goes down to the five minute time frame to find the breakout and the retest
08:05so okay so i think that's about it i just wanted to uh share this with you guys so i'll
08:12see you in the next
08:12video gus schmidt
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