2009.04.15 DRAIN THE BANKS - REV 006

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TheRumpledOne
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Re: Drain the Banks for TradeStation

Postby TheRumpledOne » Mon Apr 20, 2009 3:31 am

dhelmin wrote:HI:

Is there a way to use this on TradeStation? I checked the TS motherlode and downloads and didn't see anything.

Thanks!


Just use the TRO DYNAMIC FIBS SR indicator that I wrote for TS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby TheRumpledOne » Mon Apr 20, 2009 3:35 am

dhelmin wrote:Thanks Rowdy. I downloaded MetaTrader and got the template loaded but its showing M15 EURUSD on a USDJPY chart. I can't figure out how to get all the indicators loaded and get this running properly. Do you know of a place that has info on how to get this set up?

Thanks again!


Put the template in the TEMPLATE folder in the METATRADER folder. Then load the template and it will load the indicators for you.

Go to www.mql4.com and http://www.forexfactory.com/showthread.php?t=67529 to learn more.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Mon Apr 20, 2009 3:37 am

"By the way, TRO himself is using Alpari MT4 for charts/indicators
and MBT Navigator for Forex trades -
why not learn from the best."

The "bugs" have been worked out of the live platform.

I use both MB Trading for MT4 charting and Alpari.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby pwd » Mon Apr 20, 2009 6:57 am

Hi TRO and others !!!

I just begin the day with a goog news ...
I also drain the banks via TRO method :

This Morning, Signal to long Eur/USD : TP 10 pips , I DID
and USD/CHF short : TP 10 Pips , I DID

The Drain the Banks for Dummies Rev. 6 is really easy to use : DON T THINK JUST ACT

TKS TRO

PS / When a pirate gathering in Belgium ?

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Postby ahdrewforex » Mon Apr 20, 2009 8:10 am

hi to all, when using DTB on your charts, may I know typically how many pairs are you all monitoring please?

I mean if I just put DTB on 2 pairs, I monitored (actually staring to be exact LOL) at the screen for like 4-5hours on that 2 pairs (training wheels on), the signal is almost all the while "WAIT". is that normal?

Is it possible to make a sound alert (like mp3 or wave file) so that if there is a possible trigger / trade, it would alarm via laptop speaker?

just asking what i feel, sorry if too basic questions ;-)

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Postby TheGabriel » Mon Apr 20, 2009 8:17 am

The Tro Dynamic SR Trail has the alert option, just enable it ;)

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Postby TheGabriel » Mon Apr 20, 2009 8:23 am

I'm getting some false signals today, from the alert.


Edit: Prices are moving back into the trade direction, we'll see.

1 out of 5 trades closed with positive results.
4 remaining.

Edit 2:
2 out of 5 closed with positive results.

Still 3 trades opened with drawdown.

Conclusions: With a normal Money Management the trades would have already been closed with losses. I'm thinking of manually trading (no alerts) on H1 by followint SR levels with an indicator you find here:
http://www.fxfisherman.com/forums/forex ... tance.html

I've seen the numbers on the DTB setup move from candle to candle, the SuperRes7 does not repaint.

By following this strategy it wouldn't have take the trades with losses and i would take only 1 of the trades that The TRO SR alert suggested, and that one is already in positive results.

I think I can combine the 2 systems to get a better result.
Last edited by TheGabriel on Mon Apr 20, 2009 9:27 am, edited 1 time in total.

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Postby noone22 » Mon Apr 20, 2009 9:26 am

TheGabriel wrote:Still 3 trades opened with drawdown


How long are you staying in the trade and what is your exit trigger?

You are not trading off the support to reach the resistance, do you?

Why you're trading 5 trades at the time without achieving
confidence, how to trade one?

I think, you're jumping to conclusions too early.

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Postby TheGabriel » Mon Apr 20, 2009 9:31 am

I stayed in the trades even after 30 pips in opposite direction,all the trades were placed with 10 pips take profit.

Yes i placed sell orders at resistance and buy at support after I got the alert from the indicator.

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Postby ahdrewforex » Mon Apr 20, 2009 9:31 am

Thanks TheGabriel, me too, i follow the alert but all 3 are in negative about 10 to 15 pips within 5mins. i will learn more :-) I trust TRO's tools though.

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