Wiki

How the bot works and how to use it — step by step, with pictures.

Getting started

1. 7trade bot: introduction

   This is the introductory article. After it you will understand what the bot is, what it consists of and in what order to work with it. Setting up strategies and indicators is covered in the next articles; here we only name things and show where everything is.

2. What's new

   This page lists the noticeable changes in the 7trade bot and the 7tra.de site: new windows, indicators, settings and fixes you can see on screen. The newest are at the top. To learn the bot from scratch, read “7trade bot: introduction”.

Our indicators

1. 7trade Cipher A: a ribbon of averages and marks above the candles

   Cipher A draws a ribbon of eight moving averages over the candles and puts marks above the bars: circles, crosses, triangles and rhombs. After this article you will know what each colour and each mark means, which events Cipher A gives the strategy builder and what each setting changes. How to tu…

2. 7trade Cipher B: waves, zones and the agreement strip

   Cipher B is a panel below the chart. Its core is two waves: they show how far the price has moved from its average and when that move turns. Around the waves are the money flow, RSI, the stochastic, divergences from the price and the agreement strip, which counts how many parts of the indicator a…

3. 7trade Smart Money Concepts: market structure, levels and sweeps

   Smart Money Concepts marks up the chart by itself: where the market is making a move and where the move broke, where support and resistance are, where the crowd's stops sit and when they were swept. After this article you will understand every element of the markup, the three views, the events fo…

4. 7trade Twin Range Filter: a filter line and a rest zone

   Twin Range draws one line over the candles. It follows the price but stands still until the price moves far enough away from it. Around the line is the rest zone, and on the candles are marks of a side change, a broken signal and a pullback. After this article you will understand every element, t…

5. 7trade Nadaraya-Watson: a channel around the smoothed price

   Nadaraya-Watson draws a channel over the candles: in the middle is the smoothed close price, at the edges are bands at the typical range of swings around it. It answers the question "how far has the price moved from normal". After this article you will understand every line and mark, the three vi…

6. 7trade Renko: bricks the size of the move per trade

   Renko draws bricks over the candles. A brick appears only when the price has travelled its full size, and at the start the size equals the typical price move during your trade. While the price swings in place, no new bricks appear, however many candles pass. After this article you will understand…

7. 7trade Squeeze Momentum: market compression and momentum

   Squeeze is a panel below the chart. It shows two things: whether the market is compressed (the price moves narrower than usual) and where and how strongly the price has moved away from the middle of its recent range. After this article you will understand the fill, the dots, the bars and the mark…

8. 7trade Line Break: lines that ignore swings

   Line Break draws another chart of the same price over the candles — a line break chart. A new line is built only when the close has moved further along the move or has broken the edge of several last lines. The rest of the time nothing appears — and that is how you see whether the market is stand…

9. 7trade Candle Geometry: candle shape for strategies

   Candle Geometry breaks each candle into parts: what share of the range the body takes, how long each wick is, whether the bar is wider or narrower than usual, where inside the range the candle closed. Each part is a separate event for the strategy builder and for "My patterns". This indicator is…