2009.04.15 DRAIN THE BANKS - REV 006

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TheRumpledOne
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2009.04.15 DRAIN THE BANKS - REV 006

Postby TheRumpledOne » Wed Apr 15, 2009 1:12 pm

2009.04.15 DRAIN THE BANKS - REV 006

Image

You can call this one DRAIN THE BANKS FOR DUMMIES...LOL!!

New input TrainingWheels (default = true) checks the H1 Bias and will only display the reversal trade when it matches the H1 candle color. Also, it will not display the reversal trade during a break out. If TrainingWheels = false, then TRO_DYNAMIC_FIBS_SR_Trail functions just like before.

I also added a LONG WICKED CANDLE PATTERN (LWP) display. I found this idea in the nickbmethod CLICK HERE FOR PDF.


This is a simple method that, when applied properly ( and don't load up the charts with SQUIGGLY'S ), will enable you to NEVER LOSE AGAIN!

1) Only trade if there is a 1, 2 or 3 semafor on the current or previous H1 candle. NO EXCEPTIONS.

2) After you see the semafor on the H1 chart, look at the M15 chart for the long(light blue) and short(pink) triggers based on TRO DYNAMIC FIBS SR TRAIL indicator.

3) When price touches the trigger you enter. DON'T THINK, JUST ACT!

4) Only ONE TRADE PER M15 CANDLE. If price goes against you, just wait.

5) If price went against you and makes a new dynamic sup/res level, get ready to enter at the trigger. If you can't see how this work, then DO NOT TRADE IT. I have entered up to 3 times.

6) What's the STOP LOSS? The stop loss is your maximum allowed loss per trade based on your money management.

7) What's the TAKE PROFIT? You take what you can. I usually take 5+ pips and leave more on the table.


Try this method using a micro lot or 0.1 mini lot. Trade it this way until you feel comfortable and are profitable on a consistent basis. Just trade it, AS IS, and don't add anything to it to improve it. You'll be amazed at how profitable a simple method can be.


All the indicators you need and then some, along with the REV 006 template, are in the attached zip file.


PLEASE DO NOT POST MY INDICATORS ANYWHERE



02/23/2009 10:23 AM 2,210 $_TRO_Time.mq4
03/20/2009 09:29 AM 12,378 3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION.mq4
03/24/2009 07:04 AM 5,094 b-clock_TRO_MODIFIED_VERSION.mq4
03/20/2009 11:20 AM 3,399 Magnified Market Price.mq4
12/03/2008 02:22 PM 3,720 SweetSpotsGOLD.mq4
01/03/2009 11:31 AM 7,363 TRO2009_PLOT.mq4
03/22/2009 04:03 PM 12,027 TRO_DRAGON_MONEY_MGMT.mq4
04/15/2009 05:51 AM 15,937 tro_drain_the_banks_rev06.tpl
03/26/2009 09:20 PM 2,991 TRO_DTB_TAG.mq4
03/26/2009 06:28 AM 16,683 TRO_DYNAMIC_FIBS_SR.mq4
04/15/2009 05:06 AM 23,111 TRO_DYNAMIC_FIBS_SR_Trail.mq4
03/20/2009 11:21 AM 16,428 TRO_Multi_Meter_CandleColor.mq4
03/26/2009 03:05 PM 6,681 TRO_MyNotes.mq4
03/31/2009 05:18 PM 9,214 TRO_RiskReward.mq4
03/27/2009 12:48 PM 4,018 tro_spread_dots.mq4
04/01/2009 05:54 PM 9,641 TRO_Squiggly.mq4
03/23/2009 11:35 AM 3,241 TRO_TopOfHourAlarm.mq4
03/10/2009 02:23 PM 6,037 TRO_TRAININGWHEELS.mq4
04/05/2009 02:31 PM 7,125 TRO_Tunnel.mq4



PLEASE DO NOT POST MY INDICATORS ANYWHERE



REVISION 7 NOW AVAILABLE


Click HERE
Attachments
tro_drain_the_banks_rev06.zip
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Last edited by TheRumpledOne on Sat May 23, 2009 6:27 pm, edited 5 times in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby pwd » Wed Apr 15, 2009 1:51 pm

Tks a lot for the dummies like me !

Just tried and got 5 pips on usdjpy just by waiting ok to buy !!!

Is it the signal I have to wait to trade ?

If yes, have you an indicators showing a popup for pairs with clear signal (ok to buy or ok to short)

Regards,

pwd
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Postby pwd » Wed Apr 15, 2009 2:31 pm

if '' ONLY TRADE LONG '' and Resistance breakout, can try a long position or just wait the right signal given by ''THE RULES'' ?

Because it is borrowing to wait signals !!!

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Postby prochargedmopar » Wed Apr 15, 2009 10:06 pm

TRO,
Man,
I hate to ask,
Is there any way to turn off the iperiod 5 DOTS in your TRAIL indicator.
The blues and reds.
I turn off everything but they still remain.
I change the iperiod sup/res to black but they are still there.

I would really like to have JUST the gauge on my chart to observe AS I'm trading psych lines.

WITH TRAINING WHEELS ON.

Thanks

"cringes in corner waiting for reply"
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

winny
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Postby winny » Wed Apr 15, 2009 10:20 pm

In the past hours I took 4 trades with the DTB system.
Not 1 loser.
Well done Sir. Avery
Very well done.

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prochargedmopar
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Postby prochargedmopar » Wed Apr 15, 2009 11:45 pm

On second thought, please don't answer that until May 1, 2009.
LOL
Pro
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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TheRumpledOne
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Postby TheRumpledOne » Thu Apr 16, 2009 12:48 am

Pro, you almost added another month to you "sentence"...LOL!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby robb » Thu Apr 16, 2009 8:09 am

TRO, Lets hope you can understand what am about to say , so here goes, I was trying to add the TRO_TRAININGWHEELS.mq4 to my chart but with no success after add it to my Program Files\MetaTrader\experts\indicators files, to place it to my charts i have to go to custom indicator list to drop it on the chart, but its not even showing up there, so what i sum up is if you make 2 output of the indicator you share eg. mq4 & ex4 of any indicator i think it will show up on my chart but since you only make one output of the TRO_TRAININGWHEELS.mq4 which is a mq4 file, its not showing up on my chart, i use a meta trader 4 platform from FX Clearing.ca, i hope what i ask makes sense

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TheRumpledOne
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Postby TheRumpledOne » Thu Apr 16, 2009 10:43 am

ROBB:

Close MT4 and reopen it. The indicators will be recompiled unless you have too many in the indicator folder.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby jeffdachef » Fri Apr 17, 2009 4:53 am

In my humble opinion, fools don't follow the rules,
just search the posts, you will find the tools.
One thru seven, that's how eazy it is,
just trade the rules to be a whiz.
When the 1H chart semaphors a trend,
click the 15M chart, order ready to send.
When the price hits the trigger, "DONT THINK, JUST ACT!"
One trade each 15m candle, a rule and a fact.
If the price goes awry with a new dynamic s/r,
just watch for the trigger next to the bar.
If you understand how the s/r helps you,
then order again, to the trend be true.
Your Stop Loss is what your money management demands,
Your profit is "take what you can", it's in your hands!

And as you start to "DRAIN THE BANKs"
remember, TRO the creator deserves some thanks!

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