Steve Mauro MT4 Indicator

Allen Matshalaga, C.E.O of the AVFX Trading HUB company.

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Updated: Jan, 2024

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Developed by forex mentor Steve Mauro, the Btmm MT4 indicator aims to identify areas of potential market reversal zones where market makers manipulate the market to make money from retail traders.

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Steve Mauro MT4 Indicator
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What is BTMM software?

Answer

BTMM stands for “Beat The Market Maker,” and it refers to a trading software or strategy developed by Steve Mauro. The BTMM software was designed to help traders identify potential market reversals and trade alongside market makers.

Introduction to Steve Mauro MT4 Indicator

Steve Mauro MT4 indicators are a collection of technical tools specifically designed for the MetaTrader 4 (MT4) platform.

These indicators were put together based on the Market Maker Method which focuses on understanding the behavior of market makers and capitalizing on their moves.

Key Features of Btmm Indicator

The BTMM indicator was designed to help identify patterns commonly used by Market Makers. It clearly marks out the trading sessions and it also shows you where price is likely to turn, which is what Steve calls the shadow area.

With this indicator, traders specifically know when to enter or exit a trade as well as where to put their stops losses. The advanced Relative Strength Index, known as the Traders Dynamic Index in the Btmm language, helps traders buy low at oversold levels and the opposite is true.

Integrating the Btmm Indicator into your Trading Strategy

Traders normally integrate this indicator into their existing trading strategies, it might seem to work for a while, but they will struggle with consistency as they will keep changing and tweaking things.

However, to fully leverage the potential of Steve Mauro’s MT4 indicator, it is better to master the principles which he teaches in his BTMM Master Course and apply them as they are.

Identifying High-Probability Setups

For high-probability setups traders need to have patience and wait for all conducive conditions to be met before taking a trade.

First, we need to see price at overbought or oversold levels on the Traders Dynamic Index. This affirms that we are getting discounted price, meaning we are buying low or selling high. Then we need either the M or W Btmm pattern to play out.

If you have never heard about these patterns, you’d think people are making them up. Truth is, these patterns do exist and they play over and over again.

However, you can’t just go about trading each and every M and W pattern that you see in the market.

You need to filter out low probability trades and complete a checklist to see that most of the conditions have been met in order to validate the trade.

Confirming Reversal Points

The price has to be out of the Asian box where it normally ranges, and needs to show us price action or momentum while trading to the shadow boxes where we expect the market to make a U-turn.

The formation of the confirmed M and W, tells us that traders are being chopped at these levels and that the market is ready to reverse.

Once the second leg is confirmed, we wait for a 13 exponential moving average break, then take a trade on the opening of the next 15 minute candle.

Allen Matshalaga
Author

Managing Risk with Stop Loss Orders

Not all trades go according to plan, hence traders need to protect their investments by using stop losses. With the Btmm strategy, stops are normally set a few pips below the shadow zone or the previous high/low to cater for the spread.

Using a stop loss ensures that you only risk what you are willing to lose, which in turn takes emotions out of the trade thus increasing the chances of it being successful without your interference.

Advantages of Using Steve Mauro MT4 Indicators

BTMM Post - Advantages of Using Btmm

Once you see the Btmm patterns you can’t unsee them as they always repeat.
The indicator shows the opening and closing of the Asian, London and New York sessions, which helps you pick the perfect time to trade. It even shows you session gaps and where they overlap.
The traders dynamic index (TDI) helps traders identify areas of oversold and overbought zones.
When price is trading below or above the MBL it shows us which traders are in control, the bulls or the bears.
Shark fins on the TDI confirms possible reversal.
The exponential moving averages’ (EMAs) crossing give a buy or sell signal and when the 50ema and 200ema lock, a trend direction is confirmed.
When you catch the trend at the beginning, you’ll be in profit for the whole 3 stages of the BTMM cycle guaranteed. This gives you a healthy risk to reward ratio and grows your account exponentially.

Conclusion

Steve Mauro MT4 indicators provide forex traders with valuable insights and tools to enhance their trading strategies. By incorporating these indicators into their analysis, traders can make informed decisions, improve trading accuracy, and effectively manage risk. Download the Market Maker Method indicators by Steve Mauro for free by clicking the button below.

Btmm indicators free download MT4

BTMM INSTALLER

Frequently Asked Questions

What is the BTMM indicator?

The BTMM indicator is a technical tool developed based on the Beat The Market Maker (BTMM) trading strategy by Steve Mauro. It is designed to assist traders in identifying potential market reversals and detecting market-maker activities by analyzing price action, volume, and market patterns.
How does the BTMM indicator work?

Joining is simple! Register an account on our website and start participating in discussions.
Can the BTMM indicator be used in conjunction with other indicators?

Yes, the BTMM indicator can be used in conjunction with other technical indicators to enhance trading strategies. Traders often combine it with tools like moving averages, oscillators, or support and resistance levels to gain a more comprehensive view of the market.
Is the BTMM indicator suitable for all types of traders?

The BTMM indicator can benefit traders at various skill levels, including beginners and experienced traders. However, it is recommended that traders have a basic understanding of technical analysis and market dynamics to effectively interpret and utilize the signals generated by the BTMM indicator.
Are there any risks associated with using the BTMM indicator?

Trading, including the use of indicators like BTMM, carries inherent risks. While the BTMM indicator may provide valuable insights, it does not guarantee successful trades. Traders should exercise proper risk management, conduct a thorough analysis, and combine the indicator with other trading techniques to make well-informed decisions.