How to use Screener filters for GRID Assist

What Is the Screener Filter?

Originally developed as part of our MasterGPT AI, the Screener functionality has been effectively utilized to calculate the SGM Consensus Indicator across various markets. Now, we're bringing this same advanced technology directly into the Grid UI page with the new Screener Filter feature.

The SGM Consensus Indicator is a proprietary technical analysis tool developed by the SageMaster team. It offers aggregated technical ratings for financial instruments, categorizing assets into five distinct values:

• STRONG BUY

• BUY

• NEUTRAL

• SELL

• STRONG SELL

How the Screener Filter Benefits Grid Assist

By incorporating the SGM Consensus Indicator into Grid Assist, traders can more effectively identify potential trading opportunities. The indicator's ratings provide valuable insights into market trends, providing data to support informed trading decisions.

How to Use the Screener Filter

To utilize the Screener Filter within Grid Assist:

• Access Your Grid Page: Open your grid page and begin selecting a trading pair.

• Add a Filter: Click on the "Add filter" button.

• Select Timeframes and Values: Choose your desired timeframes and screener values.

Understanding Timeframes and Screener Values

Timeframes

The Screener Filter allows you to select from three timeframes:

• 1h (1 Hour): Ideal for short-term Grids lasting up to a week. This timeframe suits traders looking for quick opportunities. Always conduct your own research or consult MasterGPT to understand the current market regime and overall direction.

• 4h (4 Hours): Suitable for medium-term Grids that span a month or two. This timeframe helps identify pairs with stable trends over a moderate period.

• 1d (1 Day): Indicates long-term market regimes, perfect for long-term Grids. Use this timeframe to find pairs with enduring trends.

Screener Values

The screener values you can select are:

• STRONG BUY

• BUY

• NEUTRAL

• SELL

• STRONG SELL

For bullish Grid strategies, we recommend focusing on pairs with STRONG BUY or BUY ratings.

Using the SGM Bands Indicator

💡 You can read more about SGM Bands Indicator in our Knowledge Base article

The SGM Bands Indicator is another proprietary tool that displays the current market trading channel along with overbought and oversold zones. Sometimes, a pair may already be significantly overbought. Even if it has a BUY Consensus rating, there might be limited potential for further price increases.

We strongly recommend using both the SGM Consensus Indicator and the SGM Bands Indicator in conjunction to make more informed trading decisions.

Recommended Approach

To make the most of the Screener Filter and SGM Bands Indicator, follow these steps:

• Filter Pairs: Begin by filtering for pairs with STRONG BUY or BUY scoring values.

• Analyze the Chart: Open each pair and examine the chart using the SGM Bands Indicator.

• Assess Overbought/Oversold Conditions: If the price is already in the overbought or extreme overbought zones, consider it a riskier trade decision.

• Select Viable Pairs: Identify a few pairs that are within a reasonable trading range and not excessively overbought or oversold.

• Initiate Your Grid: Decide which pairs you want to start a Grid with, based on your analysis.

Conclusion

The addition of the Screener Filter to Grid Assist is designed to enhance your trading strategies by providing insightful technical ratings and market analysis tools. By effectively utilizing the SGM Consensus Indicator alongside the SGM Bands Indicator, you can make more informed decisions and increase the potential for successful trades.

We encourage you to explore this new feature and integrate it into your trading routine. As always, remember to conduct your own research or consult MasterGPT for additional insights into current market conditions.

Disclaimer: Trading involves significant financial risk and can result in substantial losses. Past performance does not guarantee future results. SageMaster does not provide financial advice. Users should ensure compliance with local regulations.