Never Lose Again

[TheRumpledOne]

TRO2009 RANGE COUNT has the percentage for each level. I saw that MightOne must have been doing this manually so I built it in the indicator.

TRO2009 RANGE COUNT will be in the first batch of indicators to be sent to the 2009 donators.

[MightyOne]

"TRO's THIRD EYE" indicator?

I am sure you can see this with your own eyes!

TRO ONETHIRD DOTS



I was going over the thread and saw MightOne's post about 1/3.

I have written TRO_ONETHIRD_OC but that painted the bars.

TRO ONETHIRD DOTS places the dots at 1/3 the range from the top and bottom - dividing the candle into thirds. But the 1/3 is an input so you can place the dots at 10%, 20%, 25%, or whatever level you want.

MT4 VERSION of TRO ONETHIRD DOTS, along with source code, attached.

I LOVE YOU TRO (Thanks)

[Sweet Pip]

Hey MightyOne....come chat with us on Paltalk.com in TRO's "Two Percent Club" room!

[TheRumpledOne]

TRO OneThirdOC



I added the dots to TRO OneThirdOC. There's a user input to turn them on/off.

MT4 VERSION of TTRO OneThirdOC, along with source code, attached.

[MightyOne]

Hey MightyOne....come chat with us on Paltalk.com in TRO's "Two Percent Club" room!

Paltalk aye
Two Percent Club aye

I would love to starting in January

[razorboy]

much thanks for the input on the stats.........keeps me out of trouble

[MightyOne]

This is what I have taught my friends to do for years and it has served us well.
This was used on a D1 chart because I used to trade 5m condensed (~=4H bars) in the direction of the daily.

For scalping I still observe the daily; if above the blue dot I LOOK TO go long and when below the red dot I LOOK TO go short.

So I have a short only on the Daily and I drop to my H1 chart and see price is in between the red and blue dot what do I do?

I try and get a better price to enter short; a move to the 5m ZL etc.

And if I look and it is H1 short only?

I try and get a better price equal to 10% my risk from the low extreme.
If I am risking 30 pips and price is short only on the daily + H1 N' price is not coming back to ZL on the 5m then I will try and get 3 pips from the low extreme to short.

Try it out for your self and post your comments!

[MightyOne]

That TRC is set to 240 so I would start from the top and go 21 + 8 = 29
29/240 = 12% so if it reaches this low end number (90 in the H1 example or higher) 12% of the time then 88% of the time it does not.

With this Indi all you would have to do is add up the % until your total is ~10%.

I do this on the 5m chart with a setting of 288 to determine the size of my mental stop and set a real stop of 2x.
I use 4% risk so that If I over shoot an exit by 50% my risk will be 6% compared to 7.5% should I use 5% risk.
That said I usually exit manually with a loss smaller than 4%.

I don't recommend using MSL's if you have trouble exiting with a small loss or are inexperienced.

TRO2009 RANGE COUNT has the percentage for each level. I saw that MightOne must have been doing this manually so I built it in the indicator.

TRO2009 RANGE COUNT will be in the first batch of indicators to be sent to the 2009 donators.

[TheRumpledOne]

I modified the TRO_MULTIMETER_ONETHIRD so the user can enter the multiplier of their choice. I noticed MightyOne was using the one third dots on multiple time frames.

MT4 version of TRO_MULTIMETER_ONETHIRD, including source code, attached.

[Moersche]

Learning from a lot of people within the net, I want to share some profitable aspects here. As we learned, price action is the key to success. Stats help to find an edge. Moneymanagment preserves capital.

Here my 2 cents - for newbees a system to test on a demo account for getting whats possible and whats not. Strategy is simple and helps to control the greed.

On the EUR/USD pair:
Set the MA_in color TRO modified version to 9. Use the (h) chart.
When it´s red go short on next candle´s open. When it´s blue go long on the next candle´s open, when yellow stay out the market. SL is set to 35. Trailing stop to 22.

Today there were 5 (-175) looser, 16 (352) winner, 3 outside the market. The numbers above do not respect the full range of the trailing stop but solely reflect first target hit with 22 pips. Nice outcome isn´t it?

Greetz Moersche

(By the way, thx TRO for coding all the free indicators, without you I never hat chance to come along. I never understood C. But in stats ?´m not that bad javascript:emoticon(':-