HOW-TO A look at loses with the MTP History Triangles

In this help Tutorial, I would like to take a look at losing trades, with a review of our "History Triangles", that are part of the MTPredictor trade (and advanced) trade Setups.

Our History Tringles are the small green triangles that are placed on the chart when a valid MTP trade setup is filled on the next bar, then stopped out as the market moves in the same direction without making a new swing Pivot. As shown in the video, you can go back in time by using the Bar Replay feature to then take a look at what happened at the point of the History Triangle. We understand that using a 3min Chart is a shorter time frame that is usually used on TradingView, but this was a good example to show how, once the Chart has been rolled back (using Bar Replay), the MTP Analysis could then have been placed on the MTP trade setup to then show what happened as the market moved forward. As you can see, this would have resulted in a new short trade that was stopped out for a loss.

Please note that not all History Triangles are losses, as the market could make a double top/bottom, which would print a History Triangle on the chart without the trade having been stopped out.

I hope this video has helped to understand what our History Triangles are and how to use them to view what could have been a losing trade at the time.

It is so important to understand, and accept, that no matter what trading approach you take in your own trading, that losses can and will occur. That is why it is vital to keep those inevitable losses small, and Position Sizing is one method to achieve that. I will have to do another Tutorial on Position Sizing soon for you all :)