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Some of you got WHACKED yesterday and/or all week long. Let me give you a rule of thumb: NEVER TRADE AGAINST THE 60 MINUTE CANDLE COLOR ESPECIALLY WHEN IT MATCHES THE DAILY CANDLE COLOR. I added BIAS code to TRO SR RR so it tells you which way to trade. I also put the TRO MULTI METER CANDLE COLOR on the chart so you can see the color of all of the candles. I am attaching the TRO MULTI METER CANDLE COLOR indicator including source code. There's also a surprise in the zip file. |
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It's one thing when I say it but having someone else CONFIRM what I have been saying is proof. Thanks. |
Thank you for the indicators TRO. Just wanted to ask you where can we get the TRO SR RR indicators?
cheers! Rafa. Quote:
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Tro,
Sorry I did not see your response to my post #390. My attached picture in that post with the lines was made by me drawing the fib retracement from the low to a certain high. The "certain high" was where my question was - how far of a time frame to use. Let me guess you probably have an indicator that draws it automatically huh ;) Here is a screenshot of the EUR/USD comparison! See ya. ps - so does EFX offer metastock charts (or whatever) or do you just use the free downloadable version of MT4 and trade EFX's platform? I am trying to get the 'tools' part of the system understood completely. |
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Thanks for the indicators :) However, maybe it's just my laptop or MT4 but, the TRO MULTI METER CANDLE COLOR seems to make it lag severely after a bit of time and if I recompile it, it seems to release and operate normally for a little while, then lags again where I have to wait everytime I click on anything in MT4 such as mouseovers, opening chart tabs, menu items, etc. I can't even place limit orders or close orders because it causes the price to lag. I had it on about 7 charts, but since removed them and everything is fine again. Anyone else experience this on a "non-juiced" computer ;)? |
Do
you mean the computer performance went slow? I have the same problem
and I figured it was related to having the indicators on too many
charts. I'm just using three charts, but I left the indicators on the
5m only, and my pc seems to be working better.
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It doesn't affect the rest of my computer's performance and I can utilize anything else like being on this forum, browsing the internet, playing with excel, email, etc at normal operation...it's just MT4 lags...perhaps it's running too many calculations or repainting objects too frequently, or a conflict with other indicators...don't know :confused: |
Just an idea
Hello TRO,
I'm always wondering why you ask everyone to SEE while you have yet a huge set of statistics then your "indicator". Then, don't take it badly and maybe i'm wrong but i guess you ask everyone to SEE things because you are sure there are so many ways to trade, then noone has the truth. I mean that a guy can SEE something you have never seen. What you test or what your TRO SR RR got is your experience but you deeply KNOW there can be much more and this is why you "hope" one can give a new idea that may work very well. As all this is based on each individual perception of candles and prices it is then possible to have new ideas all the time. If i'm wrong that mean that you have made a HUGE amount of all thinkable test for a sized window of bars and know the relevant statistics are those you provide. Is that the case ? I guess not. But tell me your real thoughts about it. I repeat myself again : I want to understand how you came to those concepts not the concept themselves which i presume will be simple (not easy) to learn when i'll have full time for it. Well anyway, i wanted your point of view on that idea i was looking at. Say we have a 5mn timeframe and looking at candles. Have you noticed that if you have a "doji to gravestone doji" (including doji) you're gonna have a green candle after. If you have a "dragon fly to doji" (excuding doji) you're gonna have a red candle. Thanks for answering. |
TRO,
I just went to a site that shows some screens of a system they are promoting, and the indicators look just like your stuff. Is there any relationship? Introducing Dr. Jim Pruitt's Super MAX Trading System cheers! rafa. |
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You usually find what you are looking for!! Can't post details... against forum rules. |
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Use MARKET DEPTH on you EFX demo to see LEVEL II in real time. |
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I use standard DELL computers... nothing fancy. |
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Think about it... Trading is simple. Been around long before computers, right? Price can only go up or down. That's simple. For a trade to happen a buyer and seller have to agree on price. Supply/Demand. Fear/Greed. Everything is a DUALITY. When I started, I learned every indicator in the book. Then Muddy told me he didn't use indicators. Muddy is a very successful stock trader. He didn't even watch the charts, just the price. I often wondered how could he do that. Then another friend paid BIG BUCKS to be mentored by a pro trader. They didn't use indicators either. He couldn't tell me what they did but the hint was KNOWING WHERE PRICE HAD TO GO. On my own, I realized what has become THE BUY ZONE: The high of the day is usually higher than the open and the low is usually lower. If I buy at/near the open, at/near the open price, then I should be able to sell for more than I paid sometime later in the day. IT IS THAT SIMPLE!! THE BUY ZONE, also know as "MILKING THE COWS", lends itself to STATISTICAL ANALYSIS. If a currency pair moves X pips, then STATISTICALLY, it should move Y pips. Though, I perfected it on stocks before FOREX. Michal Kreslik and I then crunched numbers round the clock for weeks to learn where currency prices had to go. All those statistics you see on my charts are REAL TIME. I "know" when something is out of whack. That means OPPORTUNITY! I mainly exploit the average hourly range of a currency. That's one reason why I trade GBP/JPY. The TRO SR RR is just an adaptation of an indicator I wrote years ago for TradeStation. Price bounces off support and resistance. If it bounces X then it usually goes to Y. That's why the fib retraces lines are there along with the current % retrace value and range between support and resistance. It looks COMPLICATED. But all the numbers are simple calculations based on math. Addition, subtraction, multiplication and division. Nothing fancier than that. That's one reason I want you to learn to SEE. Make simple observations. Be able to precisely state what you need. Not what you think, analyze, conclude, etc.. but ONLY WHAT YOU SEE!! Once you can do that, you are on your way to success. |
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The indicator in the top right is called SIGNAL BARS and was written by CJA over on Forex TSD| Metatrader Indicators and Experts Advisors . I asked CJA to share the source code and he refused. So I figured out how to do it and posted the code for everyone. I "pulled down the curtains of Oz". Many on that site were not happy. Their EMPEROR HAD NO CLOTHES. Now, people could change the code themselves and didn't have to beg the "wizard" to do it. The rest is simple HA candles and other stuff you can find for FREE on various forums. But some people would rather pay for a package than dig for it. Nothing "wrong" with that. Each to their own. Since I post my source code, people are free to do with it as they wish which includes marketing it for a profit. I prefer giving it away because if it is any good then I can use it to make money. That's part of PAYING IT BACK and PAYING IT FORWARD. Yes, I have code that I only send to people who donate to my PayPal account. I do that to THANK them for showing appreciation. Nothing wrong with that. Although SOME PEOPLE try to make me out to have EVIL INTENTIONS. Well, you can't please all the people all the time and SOME PEOPLE you just can't please at all. |
indicators
When
people spend hours and hours to make indicators and dashboards, why
should they share the source code with someone like you? On another
forum, you wanted the source code for the dashboard that took many
weeks to perfect, When you were politely ignored, you set abouttrying
to make your own. I must say the attempts to duplicate it were quite
pathetic, too. But, day after day, and sometimes even several times,
you posted screen shot that weren't even remotelly close. You yourself
say below "Yes, I have the code that I send to people who donate to my
Paypal account." I'll let everyone else here read between the lines.
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Why should people share source code?
1) People can learn coding techniques. 2) People can improve and enhance the original code. 3) People can get new ideas after viewing the original code. 4) People can modify the code to fit their personal needs. 5) People can fix the code if there's a bug. 6) People can be sure the code doesn't contain anything harmful to their computer or personal information. Why don't people want to share source code? 1) They keep people dependent on them 2) They can maintain their status as WIZARD 3) They fear others may take their code and sell it on eBay 4) They don't want someone else showing them up by improving or fixing their code The INTERNET is supposed to be the INFORMATION HIGHWAY - the FREE exchange of information. SOME PEOPLE would like to RESTRICT the FREE FLOW in order to maintain their status as WIZARD. |
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What about this doji thing ? |
source code
Under why people don't want to share their source code, maybe some of the following could be added?
5.) They've labored many hours, sometimes weeks or months creating the indicator, and don't want others making minor tweaks and calling it THEIRS. 6.) They don't want others saving their indicators they worked long and hard hours to make, where that person has made some tweaks to "improve it" and call it their own, and then after some time has passed, offering these slightly tweaked and "improved" (LMAO) indicators for sale on EBAY or some website. 7.) They don't want someone else tweaking their indicator or dashboard, and offering it to someone for a donation, even if the tweaked indicator is really a THANK YOU (LMAO again) from the tweaker to the donator. 8.) The tweaker could assemble literally hundreds, if not thousands, of these indicators the he improved. Everyone knows the "tweaker" is, of course, much better than anyone else, because after all, he's a real code munching genius, and all the tweaker needs is someone else's source code they sweated over to make things better, and then call it his own. 9.) maybe others can think of more reasons? Quote:
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Ok guys...let's not start this again :cool:
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What's your question about doji? |
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1) I call indicators that I write TRO_xxxxxx. 2) I call indicators that I modify TRO_<original indicator name> so my modified version doesn't step on the original. If I modify the original I post it back to the thread where I downloaded it from. I leave in all the comments including the copyright so people know the original coder. Now, all who want may benefit from my modification. 3) Some people didn't like the TRO_ in front, so I starting naming them <original indicator name>_TRO_MODIFIED_VERSION. But even that wasn't good enough for some. paradoxical have you ever posted anything of use to anyone? |
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Say we have a 5mn timeframe and looking at candles. Have you noticed that if you have a "doji to gravestone doji" (including doji) you're gonna have a green candle after. If you have a "dragon fly to doji" (excuding doji) you're gonna have a red candle. |
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Perhaps you can post a chart and show us. Thanks. |
My
posts are much better than the thousands of posts you make, all of
which say absolutely nothing, such as "trade what you SEE", or this
stupid one intended to impress newbies, where nothing is said "There
are MANY ways to trade. You are correct. You can STOP OUT and wait for
the price to return to your stop position and then reenter in the same
direction... this time the trend should be going your way." Posting
worthless indicators that you modified after tweaking doesn't make you
a trader. If you were really a trader, you would post a real time
account, showing just how you put your worthless advice to others in
action. However, you spend your days posting here, and in many other
places. You know, TRO, aka Code muncher...I could post a million posts
that say nothing. I choose to spend my time trading!
There is no RIGHT/WRONG. There is PROFITABLE and UNPROFITABLE. Quote:
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TRO...don't feed it! :cool:
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Here
is my 2 cents since I work in the IT world and code for a living and
work with both open-source and closed systems. If TRO wants to make his
indicators available as open to everybody that is his business. If he
chooses to make some available for a token of appreciation again that
is his business.
If you are taking what anybody says as the absolute truth without doing the required due diligence then that is your fault. I think what TRO is doing is worth exploring and do not see any problem with what he has said or done so far on this thread. If he is profitable with his indicators so be it that does not mean that they will be profitable for everybody since everybody's trading styles are different. What TRO is trying to provide is information that has worked for him and continues to work for him. If you have followed it in the past and it did not work out for you then it was not the right trading style for you. Move on to find what works for you personally as it already sounds like you did. I do not intend disrespect toward anybody if you do not like what TRO is saying in this thread then please do not frequent the thread it is that simple. TRO has as much right to be here as you do it is up to the individual to make there own decision to follow the information or to go elsewhere. |
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kind suggestion
Dear Avery,
My name is Bill.I am new to fx trading (about 1.5 years of demo and blowing 3 small live accts.).I have been on a few forums reading threads you have posted or started,recently "never lose again" at babypips.I have spent quite a bit of time and money wasted on 97.00 ebooks of systems that are nothing more than junk.When I came across your thread at babypips I was intrigued w/ the simplicity of what you are doing,although I am not in full understanding of it yet.I think this is where a problem arises for some people who read your posts (ie,complainers or people who would like to see you banned from yet another forum).I understand your method of teaching,You want people to think for themselves instead of just giving the answer out right.I for one can appreciate this method,but the average person trying to learn this craft is looking for the easy road to financial freedom and freedom from their day jobs.So they look to the forums for easy answers.When they encounter the TRO method of learning they become aggrivated and find it necessary to complain.Complaints add up and the next thing you know TRO is banned once again.I've noticed that these complainers seem to have a common theme and that is your free indicators vs.the ones provided to donors.I think this theme is just a convenient tool to exercise their complaints,because they have nothing else to use.Personally,I see nothing wrong with the way you distribute your indicators,whether for free or thru donations.It's up to the individual as to how they acquire these tools. A friendly suggestion to keep the complainers at a minimum,try not to be so vague or evasive about the answers you give to people's questions.Make people think but not to the point of gettng aggrivated with you.You obviously have a brilliant skill for coding indicators,and I am assuming you are a successful trader.Keep up the good work of helping newbies,just change up the delivery a little.None of this is meant to be in a "bashing manner",just a friendly suggestion. Kind Regards, Bill |
Hi Bill:
WELCOME TO THE JUNGLE. Thank you for your kind words. You are correct, I want people to SEE for themselves. I explained that many posts ago. The market is dynamic. You have to be dynamic, too. Once you SEE it, then you'll always SEE it. You have to SEE it for yourself. Telling you is NOT helping you. I can tell you how to hit a baseball but you have to swing the bat for yourself. You won't learn to hit any other way. It's the same way with trading. You can give me just about any indicator and I can trade it because I SEE it. You have to be able to SEE PRICE and what it is doing. You have to have experienced the various situations like a retest of support. Is it more likely to hold or break this time? Are the highs lower or higher? Unless you SEE these things, no indicator is going to help you at all. If you find an answer VAGUE or EVASIVE then ask a better question. It's better to NOT answer a question than to give an answer that is NOT beneficial. Thanks again for taking the time to post. Your feedback is appreciated. |
Let me tell you a little story about what happened to me about 25 years ago.
I was working for a remote-work-camps food catering company using a software called Lotus 1-2-3 ... which is basically known today as Excel. Anyways, later I went to work for a competition catering company and created a monthly revenue and expense spreadsheet for them. Not too long after, I got a summons to go to court because the former company I worked for was sueing me & the 2nd company for copying their "secret" spreadsheet. All this spreadsheet did basically was display a standard "accounting" format calculated using standard "accounting" math. The standard format for displaying income & expense reports list revenue, then expenses, then profit/loss. Standard cost accounting math calculates Revenue as derived from x # of units times a unit cost times estimated units sold per month. Expenses were variable or fixed based on the cost per unit and indirect costs etc. Nothing secret and is taught to all accounting students, and all businesses adhere to it in similiar formats. In the end, it got thrown out of court. :cool: So, if I wanted to create my own indicator that plots lines and displays data on the screen that looks like TRO's, then there's nothing wrong with that (and actually I'm halfway there and learning lots about objects ;) ). If I put my code out then there's nothing stopping anyone from doing whatever with it....duh! :rolleyes: If I show a screen with a custom indicator, there's nothing stopping anyone from trying to make their own version of it. How many different vitamins companies are there...how many different makeup companies, clothing companies, car companies, etc??? If anyone wants to give him a token appreciation in the form of a donation for providing a service which offers a collection of free indicators, then there's nothing wrong with that. How much time did he save someone from endless searching for them themselves...time away from trading, time away from family, work, etc...time is worth money! So please let's get over this, and on with trading! :) |
Thanks for sharing your story.
It truly depicts (what's undesirable about) HUMAN NATURE. There are SOME PEOPLE who think for whatever reason that THEY know what is better for someone else. I believe most traders are adults. If they are capable of making a trading decision then they should be able to decide FOR THEMSELVES if they want to buy something, make a contribution/donation or not. But for some reason, these SELF APPOINTED/ANOINTED SAVIORS OF MANKIND just keep sticking their noses in other peoples' business. I guess they truly believe they are doing someone a favor instead of just being a pain in someone's lower extremity (_*_) Thanks again for posting. |
TRADING IS A GUESSING GAME
When you think about it, we are "guessing" which way the next tick or ticks will go. You want the price to go X pips in your favor so you can exit the trade with a profit BEFORE price moves Y pips against you and stops you out. When price moves down, it means someone was willing to sell for less than the previous sale. When price moves up, it means someone was willing to pay more than the previous sale. Remember, when you look at a chart, it doesn't matter if the chart is 1 minute, 1 hour, 1 month or 1 year, the PRICE is the same. What you and indicators try to do is determine if price does "A" then it will probably do "B". If the XWQ indicator crosses about the "T" level, then price will probably "Z". In other words, IT'S A GUESSING GAME. It is wasn't a guessing game then the market would CEASE TO EXIST. |
Trying to see!!
Hi Avery,
I understand about prices moving one way or the other and what order you should take to profit.My ? is this.Based on what you see,is there something that indicates to you which way price will probably go at the opening of the next period (time frame doesn't matter)? EX. percenatage of shadow or tail vs.real body or last push by sellers or buyers? I know there is no crystal ball for this,but from a statistical point of reference what should I be looking at so I'll know when I "see it"? Thanks in advance for any beneficial direction. Bill |
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Hi Bill: Michal Kreslik and I analyzed the major pairs for BUY ZONE trading. That's why the entry trigger is 3 - 4 pips above/below the market open price. Plot the market open line for London, NY or Sydney. You'll see that price likes to stay above OR below the open for most of the session. Usually, news is the only thing that causes price to swing through the open price. Notice in the chart how PRICE stay above or below the LONDON OPEN PRICE (yellow line) long enough for a trader to make a nice profit. |
Thanks!!
Thanks
For The Reply Avery.that Gives Me Somewhere To Start.i Have Seen The
Buy Zone Manuals On The Other Site.i Will Start Reading Those Asap.keep
Up The Good Work. Bill
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DUAL THRUST
http://i36.tinypic.com/2vjagxt.gif Found the formula HERE Can you make money trading this? |
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Let's look at PRICE ACTION. The AVERAGE DAILY RANGE is 121.92 pips. Let's assume the range will be at least 100 pips on any given day. That means when the day starts you could make 100 pips. But WHICH WAY TO ENTER? What if you ran statistics and found that if the price moved 7 pips in one direction, chances are it will move 50 pips in the same direction. Would you enter at open +/- 7 pips? Or would you ask WHAT ABOUT WHIPSAW? For each pip it moves in one direction, that's one less pip you can make on average in that direction. So when you do enter? Here's the funny thing... NO MATTER HOW YOU DETERMINE YOUR ENTRY, YOU USUALLY GO LONG IF THE PRICE IS MOVING UP AND GO SHORT IF THE PRICE IS MOVING DOWN! I don't know of ANY system that tells you to go long when price is going down or short when price is going up. Maybe, I have some research to do in this area. So if you THINK ABOUT IT, does it matter WHERE you enter so long as you enter in the direction price is moving? TO BE CONTINUED... |
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