Never Lose Again

[TheRumpledOne]

HOW I DO IT



I look at my TRO DASHBOARD BAR COUNT to see what pairs have 3 or more H1 candles in a row.

Then I look at the TRO MPMM CANDLE COLOR indicator to see how far up/down price is from the H1 open. I also can see if the price is up/down for the day. Trading when H1 and D1 are the same color is usually profitable especially after a 3 bar reversal.

[TheRumpledOne]

TRO MPMM EXITS



Since I get asked about exits all the time, I wrote TRO_MPMM_EXIT.

TRO_MPMM_EXIT will show you when it's time to start thinking about exiting your trade.

There are 5 arrowheads that show exits based on:

1: CANDLE COLOR
2: HIGHER HIGH / LOWER LOW
3: CLOSE VS. PIVOT
4: CONTROL
5: CLOSE VS EMA(5)

If 3 or more arrowhead colors match then the color of the pair show that color.

If you are SHORT and the arrows are green EXIT

If you are LONG and the arrows are red EXIT.

Of course, if you THINK ABOUT IT, you can use this for entries, too but that's NOT what it was designed for.


TRO_MPMM_EXIT was sent out to all those who donated to my PayPal account.

[TheRumpledOne]

I made another version of TRO HL HISTOGRAM that allows the trader to input a price and shows by how many pips price crossed that price.

It only shows in the direction of the candle color.

As you can see, trading with the H1 candle at 0.6600 would have been very profitable.

[deeforex]

There are 5 arrowheads that show exits based on:

1: CANDLE COLOR
2: HIGHER HIGH / LOWER LOW
3: CLOSE VS. PIVOT
4: CONTROL
5: CLOSE VS EMA(5)

Could you please explain what #4: Control means? TIA

[Shane]

TRO MPMM EXITS



Since I get asked about exits all the time, I wrote TRO_MPMM_EXIT.

TRO_MPMM_EXIT will show you when it's time to start thinking about exiting your trade.

There are 5 arrowheads that show exits based on:

1: CANDLE COLOR
2: HIGHER HIGH / LOWER LOW
3: CLOSE VS. PIVOT
4: CONTROL
5: CLOSE VS EMA(5)

If 3 or more arrowhead colors match then the color of the pair show that color.

If you are SHORT and the arrows are green EXIT

If you are LONG and the arrows are red EXIT.

Of course, if you THINK ABOUT IT, you can use this for entries, too but that's NOT what it was designed for.


TRO_MPMM_EXIT was sent out to all those who donated to my PayPal account.

Nice one TRO. Thanks

There are 5 arrowheads that show exits based on:

1: CANDLE COLOR
2: HIGHER HIGH / LOWER LOW
3: CLOSE VS. PIVOT
4: CONTROL
5: CLOSE VS EMA(5)

Could you please explain what #4: Control means? TIA

Hi dee,

I was reading about this just last week. I am 99% sure this is the 'control' that TRO is referring to:

TheRumpledOne on CONTROL

[TheRumpledOne]

Yes, Shane, that's the CONTROL that's built into the indicator.

[TheRumpledOne]

RED AT 0.6450

[TheRumpledOne]

TRO MPMM EXITS set to PERIOD 5 is really nailing the exits.

Watching for current range to exceed average range also gives a HEADS UP to exit.

[pierre23]

Tro, if you have time (and if its not too much effort) would you be able to create dragon's money management system in an excel file? I havnt done any excel programming in years so I'm finding it difficult to even code simple equations.

cheers

[TheRumpledOne]

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6450

GO LONG

TAKE PROFIT.

That's it. Those are all the steps to this.