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How to use Smart Candles

Your first steps after subscribing

Watch this short video for your next instructions after subscribing.

How to use the different trading modes

Precision+ Mode is an advanced mode for Smart Candles that spots more opportunities on more time frames. Allowing you to analyze more instruments with software. Combining technical analysis with this algorithmic formula will give you the best win/loss ratio.

Smart Mode is designed to give you opportunities for specific pairs. We recommend the 1 hour time frame. This is perfect for brand new traders, investors and those struggling with consistent profits. This mode is specifically designed for these pairs: CADJPY. GBPUSD, EURJPY, GBPJPY, AUDUSD, XAUUSD, NZDJPY & AUDJPY.

Silent Mode allows you to hide the dashboard and alerts and forces full emphasis on price action.

You can adjust your Smart Candles mode by clicking settings.

 

How do I attend the live webinars?

Webinars are for active subscribers only. To get access go to the #start-here channel in our Discord server and complete Step #2.

How do I cancel my subscription?

There are two ways to cancel your subscription.

1. Send an email to support@bettertrading.com

2. Go to Discord, and message cancel to LaunchPass. Their username is LaunchPass#9152

 

How do I update my billing / payment information?

To update your billing / payment method there are two ways to do so.

1. If you have been charged successfully in the past, in your email you received an invoice to update your payment.

2. In Discord message update to LaunchPass. Their username is LaunchPass#9512

Smart Candle Terminology

Chart Tags:

“Smart Buy” (Green): Strongest confirmation for a long position, high probability of bullish momentum.

“Smart Sell” (Red): Strongest confirmation for a short position, high probability of bearish momentum.

“Buy” =  Possible long position, but not 100% confirmed. Typically a counter trend trade. Can also be used as an exit identifier for short positions.

“Sell” = Possible short position, but not 100% confirmed. Typically a counter trend trade. Can also be used as an exit identifier for long positions.

Candle Coloring:

Green Candles: Smart buy active.

Red Candles: Smart sell active.

Orange Candles: Exercise caution in your current position, retracements for bullish impulses and potential early entry present.  

Blue Candles = Exercise caution in your current position, retracements for bearish impulses and potential early entry present.  

Installing Smart Candles

 

Step 1: Login into https://www.tradingview.com 

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Step 2: Once logged in, go to the search bar (with the ticker tab selected) and choose a currency pair. For example: EURUSD.

Step 3: Click the button labeled “Full-featured chart”

Step 4: Choose the “Indicators & Strategies” option located on the top menu. This will bring a pop up menu to the screen.

Step 5: Choose the “Invite-only scripts” and select Smart Candles

How to use the Smart Dashboard

The Smart Dashboard is used for multiple reasons.

Status: Updates the signal status.

“Strong Bullish” represents a “Smart Buy”

“Strong Bearish” represents a “Smart Sell”

“Weak Bullish” represents a “Buy”

“Weak Bearish” represents a “Sell”

Trend: Identifies the trend on that specific timeframe (Bullish or Bearish)

Account: Use this section to match your desired trading account size in USD. For example $100 or $10,000.

Position: Based on the data entered in the account size section and risk % section, the smart dashboard will calculate the suggested lot size for you to use.

Risk: This is where you will enter the desired percentage of risk per trade you are willing to have.

Mode: This tells you which mode you are currently using smart candles on. Precision+ Mode, Smart Mode or Silent Mode.

Precision+ Mode is an advanced mode for Smart Candles that spots more opportunities on more time frames. Allowing you to analyze more instruments with software. Combining technical analysis with this algorithmic formula will give you the best win/loss ratio.

Smart Mode is designed to give you opportunities for specific pairs. We recommend the 1 hour timeframe. This is perfect for brand new traders, investors and those struggling with consistent profits. This mode is specifically designed for these pairs: CADJPY. GBPUSD, EURJPY, GBPJPY, AUDUSD, XAUUSD, NZDJPY & AUDJPY.

Silent Mode allows you to hide the dashboard and alerts and forces full emphasis on price action.

You can adjust your Smart Candles mode by clicking settings.

Smart Candles visual walkthrough and explanation on TradingView

Should I be taking the alerts blindly and alone?

We HIGHLY recommend combining technical analysis with our system for best results. Taking entries blindly or without any risk management will lower your win/loss ratio. Below are a few training videos to show you examples of using technical analysis with Smart Candles.

1. How to know when to enter a trade https://youtu.be/QIlgEGRRDGM

2. How to use market structure in alignment with Smart Candles https://youtu.be/cwKFxbzqy5U

3. How to apply fibonacci with Smart Candles https://youtu.be/lVGmOYpFz9c

4. How to apply support and resistance with Smart Candles https://youtu.be/McREcHbV6CY

Can I get a refund?

You have to up to 14 days from the date of purchase to get a full refund.