Never Lose Again

[TheRumpledOne]

You don't even need my TRO BAR COUNT indicator.

Just count it yourself.

All you need is one or two 5+ pip trades a day.

I am sure the BUZZARD STRATEGY will give you that opportunity.

[TheRumpledOne]

DO YOU SEE IT?

[TheRumpledOne]

If you don't see it by now then go back and give it another go.

[TheRumpledOne]

I don't think I can make this any simpler.

TRO_3 places the arrowheads after 3 same colored bars.

MEANING THE THIRD BAR.

DO YOU SEE IT NOW?

[xmess7]

9 Reds in a row!!

See the nice reversal on bar 10?

Then 5 Greens in a row.

See the reversal on the 6th bar?

I will call this the BUZZARD STRATEGY.

Just like a buzzard, we are waiting for the streak to die.

Xmess7 stands and observes with glazed eyes

[nutz505]

TRO,

Does the strategy work on lower timeframes (30M, 15M) as well? It looks very interesting.

Rich

[ewokuk]

9 Reds in a row!!

See the nice reversal on bar 10?

Then 5 Greens in a row.

See the reversal on the 6th bar?

I will call this the BUZZARD STRATEGY.

Just like a buzzard, we are waiting for the streak to die.

as usual it would SEEM simple, until I look a bit closer at what actually happened. its very easy to identify plenty of great trades......looking at charts after the event without looking really closely at what actually happened.

on the 4th red bar on the left, it first went up (see top wick). if you had taken a long just after it started going up you would have failed to reach 5 pips before it dropped and be stopped out at whatever stop was set. on the 7th red bar, again a very short upper wick where it first went up before dropping. 7 bars by your own stats is very very unlikely so you would have been waiting for a green to form, that bar WAS green at the start and using this trategy i would have taken it, and lost. so at what point do you take the trade? because i see plenty of losers there. after the 5 green bar retrace there were 4 reds. the 4th of those reds again started out going up and was green, again thats a signal for a buy, and would have lost before gaining 5 pips.

even if you set a rtule that after 3+ of one colour, you dont take the first one when it changes colour, you take the second, theres still losers there, after the 3 greens in the middle there is a red, you then plan on taking the next if it is red. it starts off by going down and is red so you take it, then it goes up again before 5 pips profit, even that wouldnt flush out these losers.

am i right or am i missing something? theory sounds like it works, but looking closely at what would have happened shows a lot of losers on there.

[TheRumpledOne]

TRO,

Does the strategy work on lower timeframes (30M, 15M) as well? It looks very interesting.

Rich

Just look at the TRO BAR STATS for whatever pair / time frame you want to trade.

[TheRumpledOne]

9 Reds in a row!!

See the nice reversal on bar 10?

Then 5 Greens in a row.

See the reversal on the 6th bar?

I will call this the BUZZARD STRATEGY.

Just like a buzzard, we are waiting for the streak to die.

as usual it would SEEM simple, until I look a bit closer at what actually happened. its very easy to identify plenty of great trades......looking at charts after the event without looking really closely at what actually happened.

on the 4th red bar on the left, it first went up (see top wick). if you had taken a long just after it started going up you would have failed to reach 5 pips before it dropped and be stopped out at whatever stop was set. on the 7th red bar, again a very short upper wick where it first went up before dropping. 7 bars by your own stats is very very unlikely so you would have been waiting for a green to form, that bar WAS green at the start and using this trategy i would have taken it, and lost. so at what point do you take the trade? because i see plenty of losers there. after the 5 green bar retrace there were 4 reds. the 4th of those reds again started out going up and was green, again thats a signal for a buy, and would have lost before gaining 5 pips.

even if you set a rtule that after 3+ of one colour, you dont take the first one when it changes colour, you take the second, theres still losers there, after the 3 greens in the middle there is a red, you then plan on taking the next if it is red. it starts off by going down and is red so you take it, then it goes up again before 5 pips profit, even that wouldnt flush out these losers.

am i right or am i missing something? theory sounds like it works, but looking closely at what would have happened shows a lot of losers on there.

Yes, you are right. If you see losers then do NOT trade this.

[TheRumpledOne]

9 Reds in a row!!

See the nice reversal on bar 10?

Then 5 Greens in a row.

See the reversal on the 6th bar?

I will call this the BUZZARD STRATEGY.

Just like a buzzard, we are waiting for the streak to die.

as usual it would SEEM simple, until I look a bit closer at what actually happened. its very easy to identify plenty of great trades......looking at charts after the event without looking really closely at what actually happened.

on the 4th red bar on the left, it first went up (see top wick). if you had taken a long just after it started going up you would have failed to reach 5 pips before it dropped and be stopped out at whatever stop was set. on the 7th red bar, again a very short upper wick where it first went up before dropping. 7 bars by your own stats is very very unlikely so you would have been waiting for a green to form, that bar WAS green at the start and using this trategy i would have taken it, and lost. so at what point do you take the trade? because i see plenty of losers there. after the 5 green bar retrace there were 4 reds. the 4th of those reds again started out going up and was green, again thats a signal for a buy, and would have lost before gaining 5 pips.

even if you set a rtule that after 3+ of one colour, you dont take the first one when it changes colour, you take the second, theres still losers there, after the 3 greens in the middle there is a red, you then plan on taking the next if it is red. it starts off by going down and is red so you take it, then it goes up again before 5 pips profit, even that wouldnt flush out these losers.

am i right or am i missing something? theory sounds like it works, but looking closely at what would have happened shows a lot of losers on there.

Yes, you are right. If all you see are losers then do NOT trade this.