TradingCOP BIAS Confirmation - V3.064

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TradingCOP BIAS Confirmation

Session-Based BIAS Levels & 10-Chance Recovery Calculator

Trade with a clear BIAS. Calculate your lot sizes. Manage your risk with confidence.

TradingCOP BIAS Confirmation is a trading indicator designed for BTCUSD and XAUUSD traders. It combines automatic session-based BIAS levels with a built-in 10-Chance Recovery Table to help traders identify important price levels, calculate position sizes, and organize their risk management.

1. AUTOMATIC BIAS LEVELS

The indicator uses the daily 05:00 AM (UTC+2) M5 reference candle to calculate the session's key trading levels.

It automatically identifies and plots the following levels:

Swing Low: Determined from the reference candle's Open or Close, according to candle direction.
Swing High: Calculated 0.20% above Swing Low.
BCL: Calculated 0.20% above Swing High.
SCL: Calculated 0.20% below Swing Low.

All levels are calculated using the M5 reference candle and remain consistent across different chart timeframes.

Only the current session's BIAS levels are displayed.

2. BUILT-IN 10-CHANCE RECOVERY TABLE

Plan your trading sequence with the integrated recovery calculator.

The table provides a complete overview of 10 trading chances, including:

CHANCE: Displays 10 trading opportunities.
SET $: Shows the target amount assigned to each chance.
INITIAL SL: Displays the initial stop-loss amount.
TP (2X): Calculates the take-profit target at twice the SET amount.
LOTS: Automatically calculates the required lot size for each chance.

3. AUTOMATIC LOT SIZE CALCULATION

Calculate position sizes using your broker's instrument values.

Supported Instruments:

BTCUSD
XAUUSD

You can customize the 0.01 lot value for each instrument according to your broker's specifications.

The indicator automatically calculates the required lot size for all 10 chances based on the corresponding SET $ amount.

4. CUSTOMIZABLE RISK SETTINGS

Adjust the recovery calculator according to your trading requirements.

Available Settings:

Chance 1 SET $ Amount: Set your starting amount to calculate the complete recovery sequence.
BTCUSD 0.01 Value ($): Enter your broker's BTCUSD 0.01 lot value.
XAUUSD 0.01 Value ($): Enter your broker's XAUUSD 0.01 lot value.

All recovery values and lot sizes update automatically according to your settings.

5. SUPPORTED TRADING PAIRS

BTCUSD – Bitcoin vs US Dollar
XAUUSD – Gold vs US Dollar

6. KEY BENEFITS

Automatic session-based BIAS calculations.
Consistent M5 reference levels across chart timeframes.
Clear Swing Low, Swing High, BCL, and SCL levels.
Built-in 10-Chance Recovery Table.
Automatic lot-size calculations.
Customizable broker-specific lot values.
Easy-to-read chart interface.
Structured trading and risk-management planning.

7. IMPORTANT DISCLAIMER

TradingCOP BIAS Confirmation is an indicator and calculation tool. It does not execute trades automatically and does not guarantee trading profits.

Trading involves financial risk. Always verify your broker's contract specifications, calculate your exposure, and make independent trading decisions before entering any position.