Original subtitles

in this video we will go over

the pyramiding and the date and time

filter sections for these skeleton key external

starting with the pyramiding function right here

i think it's um mostly self explanatory

but we'll go through it nonetheless and

this is for if you intend to

use multiple entries or

or multiple exits to pyramid in or

pyramid out of your trades so the

first entry right here use entry bar

cooldown is for if you intend to

have a function that essentially makes it

so that you will not enter

are in on the second consecutive entry

um immediately so if you have a

bar cooldown of two it will wait

two bars before it once again gives

you the green light to potentially add

again if your criteria is um is

still active or you can enter or

you can

and you know habit enter for you

um on the second consecutive one and

from there as well you know if

you have three or four five entries

whatever might be um you can enter

without a signal as well just wait

for that next bar so if you

say enter without signal on a bar

cool down too that means after two

bars you will just enter regardless of

what happened if you have it

unselected than the criteria for entry needs

to be valid after two bars for

it to enter yet again

you could also do it by percent

so percent um away from your initial

entry

again use negative percent if well if

you want a negative percent number um

and you can do the same function

right here with enter without signal okay

moving on now multiple exits so for

this one we choose the amount of

exits we potentially want to have so

if you want to have three you

know a pyramid of three for your

exits

are three different orders you would like

three if you want five different orders

you select five so on and so

forth again use multiple exits you need

to have this selected for it to

even consider this as a as a

criteria and for pyramid right here this

if you enable

will enable two pyramid exit similar to

how entries pyramid so if a new

entry occurs before one hundred percent exit

um it would add another exit essentially

and you can also have a specific

percent right here again i'll just highlight

the tool tip enables tuesday pacific specific

exit percentage the altar

tentative is linear based on the number

of exits

so as you can see this your

first second third fourth um and it

goes by percent of course as well

you can use exit bar cooldowns same

idea as above with the bar cool

down right here it'll wait it leads

to bars if you have this selected

um and you can also exit without

signals so literally just wait two bars

ok exit there if you don't

have it selected than after two bars

your criteria would need to be valid

again and then it will exit the

next portion and then you can also

do it by percent cool down as

well so

just percent away from your initial exit

and same idea here with the exit

without signal ok next section again probably

more on the self-explanatory side but the

date and time filter is something that

i find tremendous value in so i

want to provide a little bit of

insight as to how i look at

this especially when it comes to crypto

those are bitcoin for example um your

time zone well just whatever times when

you want to be using um in

this particular section i find that with

long strategies you're usually best off using

gmt minus three gmt minus five gmt

minus seven or gmt minus ten those

seem to be

for whatever reasons some of the better

ones i don't know why but it

is or at least that's what i've

noticed especially on medium and lower term

timeframes but again play around with it

as um it will you know it

will change things around and that might

not be consist with everything so it's

worth playing around with use date range

would essential

we just well look at only these

date ranges right here from the start

to the end as far as the

backtesting calculations go you could also do

them the deep bag tester which will

give you even greater ranges of course

for the end date um you can

use session so if you if you

employ a session it will activate the

section right here the time session so

it will only take trades between in

this particular example nine am to five

thirty pm or i think that's self

explanatory nine to seventeen thirty

um anyways

moving on from there use session exit

this one will basically exit you automatically

when the end portion of this session

um happens so if you just like

let's say you're trading traditional markets and

you want to avoid some extra fees

by holding things you know into like

the last thirty minutes or hour or

or or

after close maybe you have a session

exit somewhere around that time and just

whenever that time is it will exit

you automatically at whatever price that is

and then you have time session so

this is ah this is our weekday

filter if you have this selected on

it activates this section right here and

again something that i find very relevant

for bitcoin and cryptos is that on

the long side especially in medium and

lower term timeframes it's best to avoid

thursday

they almost always and then either saturday

or sunday are usually days that do

not do typically well for long strategies

um very very often on the lower

term time from stephen on the medium

term timeframes as well um for short

strategies it would be tuesday and a

lot of the time saturday as well

those are the days that do not

form perform very well but again worth

playing around with and then use weekday

exit that means that um you will

essentially exit trades on you know specifically

non trading days so that would be

your traditional market trading schedule so basically

monday through friday is your you know

your real trading and then

you know saturday sunday no trading so

just exit him

anyways then