Introducing the FX4 Model, an advanced automated trading framework designed to optimize your trading positions made by the trader fx4_living. This model integrates the previous day's high and low, and half of that range, to identify premium and discount zones.
The FX4 Model incorporates the ICT Asian range, spanning from 20:00 (New York time) to the midnight open. This period constitutes part of the day's accumulation range, during which a large volume of orders is processed. This implies that the high and low of this range are perceived as crucial liquidity pool zones.
The FX4 Model features a time-based dashboard. This dashboard presents key information such as the close of the previous candle. It also indicates the remaining time before certain significant candle closes (price and time).
With this tool, you gain a robust trading framework that empowers you to capitalize on profitable trading opportunities.
The FX4 accumulation range spans from the previous day's close to 2 AM New York local time. This range is part of the day's accumulation period, during which a lot of orders are triggered. Therefore, the high and the low of this range are seen as vital liquidity pool zones.
The ICT midnight open is marked with a vertical line at 00:00. This refers to the opening price of a financial instrument at midnight New York time. This opening price is significant as it serves as a reference point for trading strategies.
Time-To-Close Dashboard This outstanding Dashboard displays the Time Frame and its "Time-To-Close". It shows the Previous Candle Close (Bullish or Bearish). The Time will appear in Red when there's 5 minutes left before the candle closes.
Previous Day Range (High-Low + 50%) The previous day's high and low (PD) ranges can be leveraged in your trading strategy for the current day, using them as reference points for potential trading opportunities. The 50% division creates premium and discount zones within the previous day's range. If the price is in the discount zone, you should look for a buy opportunity, whereas if the price is in the premium zone, a sell opportunity should be considered.
FX4 Accumulation Range (High-Low + 50%) The accumulation range's high and low points provide the most recent liquidity zone for the current day. These points can be used as reference points for potential trading opportunities. The 50% division here also creates premium and discount zones within the accumulation range. If the price is in the discount zone, a buy opportunity should be considered, and if the price is in the premium zone, a sell opportunity should be considered.
Other features:
Automatic Time Zone: As the title suggests, the automatic time zone feature means that you'll never need to adjust any GMT or hour settings. Everything updates automatically, even if you don't live on the East Coast of the United States.
Automatic Dark/Light Mode All graphics will automatically adapt their color based on your background. There's no need to tweak any settings; they're designed to provide consistent visuals.
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Bug Fix:
AR for Eightcap charts was not plotting correctly, fixed
Dojis which had open=close were showing as bullish, fixed
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Updated Labels to match user manual notation.
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Fixed cryptocurrency compatibility
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Update: added "Hide?" toggles to remove visual model elements from the chart.
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August Update:
Added FX4 Model New York Functionality
Added visual background colours for previous day order flow
Added visual background colours for London FX4 Range order flow
Added visual background colours for New York FX4 Range order flow
Added .5 and 1 suggested FX4 invalidation points
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Bug Fix Previous Order Flow Background being Off resulted in no standard background for FX4 Range, fixed
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- Changed Bearish Order Flow Color - Changed NY Accumulation Range end to 10:30 AM NY Time
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Update
The FX Accumulation Ranges can now be seen as they develop, like they used to be displayed before. They will be orange in color until confirmed.
Added Midnight Open Level
Added option to customize Order Flow Background Color
Bug Fix
NY FX Accumulation Range wasn't working properly, fixed
Invalidation levels didn't work as intended, fixed
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Changes + Bug Fixes
Fixed FX4 Range not showing
Fixed NY Session FX4 Accumulation Range
Added AMD Feature in the table
Added Invalidation Markers
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Updates
Removed the "Both" Setting
AMD Cycles only work with Live price action
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Added multiple sessions and FX4 Ranges.
Futures (and Gold)
London Open = 18:00 - 2:00
New York AM = 18:00 - 9:50
New York PM = 18:00 - 13:50
Forex
London Open = 17:00 - 2:00
London AM = 17:00 - 4:50
New York AM = 17:00 - 8:50
New York PM = 17:00 - 12:50
You can see the current selected FX4 Model on the bottom right of the table:
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Bug Fix: Timeframes above the 10 minute were causing errors, fixed.