Kreslik.com - traders community since 2006

Here is a recent email conversation with Avery, I post it so everyone may benefit from it: Hi Avery, >> > >> > thank you for the most recent updates. >> > Very interesting approach. >> > Also attached a highlowalertindicator, which is taking the high and >> > lows >> > of last x candles and gives an...

Attached is a highlowalertindicator. Mq-file.
Differs a little from TRO_Rat_History in that it does not matter if the previous candle closed green or red. Got it from another forum.

Let me know what you guys think of this one ....
Will forward test if the alerts, etc. are reliable.

You recommend to trade only in one direction. How about the following scenario: -price opens at the hour, moves down 5 pips - entering short. sl 8, tp 20+ -price opens at the next hour, moves up 5 pips - entering long, sl 8 tp 20+ Or do you think trading in only one direction is more efficient ?

Hello Jacal1

May I ask what indicators you are using ?
Is this the Drain the Banks indicator ?
And your entries are the break-out strategy of the 1 hour candles ?
Tku for any info.

to be more precise:
under WHY 95% OF TRADERS LOSE PART III it states how to trade it.
I don´t use the histogram though, just buy sell zone.

Really simple...
I added the dummies indicator to 1 hour charts, will trade as it says on this link by TRO:
http://kreslik.com/forums/portal.php?ne ... e&start=10

Ex: 10pip stoploss incl spread and 20+take profit

MB Trading does not yet have MT4 platform and this indicator is only for MT4. Oanda also does not have MT4. You can use FXpro, spreads are really low or Alpari UK. I use them both. Or just run a MT4 demo account (for free) for the indicator and you can trade the signals with MB Trading or any broker...

Hello TRO Observation made: just looked over euusd and gbpusd 5min charts for today. It appears that many are using this strategy at the round hour, meaning at the 0800 candle, 0900 candle, etc..... At the start of these candles price almost always goes in one clear direction! Hedge funds, big playe...

TheRumpledOne wrote:Post a chart showing the indicator.

Here is euusd 5min with the alerts set to true.

Just installed the bs zone indicator for dummies on my platform.
I had sounds alerts set to true. And I get a sound alert for every tick movement up or down. Is that correct or can I change the setting someplace so that there is not an alert for every tick move up or down ?
Tku for any info.