2009.05.23 DRAIN THE BANKS - REV 007

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A-GAME
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Postby A-GAME » Mon Jun 01, 2009 12:09 pm

Wow. I must have read that info 20 times and didnt get it. In fact that is the information that lead me here in the first place. I just read that thread and had a lightbulb moment lol. I understand now. Thanks.

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Bushfella
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Postby Bushfella » Mon Jun 01, 2009 5:43 pm

hi A-Game, could you help me out by posting the name and location of the "alerts" file please. I can't locate it. Many thanks
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dcrowley06
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Postby dcrowley06 » Mon Jun 01, 2009 9:14 pm

How many times a day should the indicators hit a buy or sell scenario? I loaded GPDUSD, EURUSD, and USDJPY charts with the indicators. I kept a watch on them, and hit about 3 times each today on 2 of the charts. The other one kept telling me to not reverse.

Anyway, I made about 25 pips today trading. Is that normal, or am I missing something? Each one of my trades was a winner, usually within minutes.

Anyway, I guess 25 pips is good. I was doing .5 lots. Just wanted to know if there is something I am missing and I could have been in more trades.

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TheRumpledOne
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Postby TheRumpledOne » Mon Jun 01, 2009 11:33 pm

dcrowley06:

Relax.

Most people overtrade.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

Piphitter
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Postby Piphitter » Tue Jun 02, 2009 2:19 am

Hello TRO and hello everybody,

This is my first post ? great forum, great systems and indicators !! :D

I downloaded drain the banks and I?m trying it now on demo.

Just wanted to confirm, if I understood the system in the right way.

1. I have to wait, until there appears a number (1 / 2 / 3) on the 1H-candle. It is valid to have this number on the current candle or on the candle before.

2. I switch to the 15M-chart and wait, until the price touches support or resistance. (pointed line behind indigo / magenta)

3. When it comes back, I enter to the trade (manually or by pending order), when it hits the point or line (magenta ? short, indigo ? long) and go after that for a 5 ? 10 pips profit.

4. I do not anything, if the warn-message appears (idiot mode activated) ? on 1H or 15M chart.

5. If the price turns around after hitting indigo/magenta, and I have the position already open, I just wait.

6. I don?t take more than 1 trade each 15M-candle

7. This system works during London and New York session for GBPUSD, EURUSD and USDJPY and during Asian session USDJPY and EURJPY.


My questions:

To point 5: How long or how many pips it is recommended to wait if the price suddenly turns around ?

What S/L is recommended to use ?

Did I miss something important, or for a beginning I can stick according to the points mentioned above ?

If I?m already in the trade, and for any reason appears the ?idiot-message? I should just close the open position, or I should wait too ?

Many thanks in advance for your help :)

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Piphitter
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Postby Piphitter » Tue Jun 02, 2009 2:24 am

Sorry, I got an error message posting the first time. Now the post shows up twice. Maybe the moderator can delete the second post.

Thanks

A-GAME
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Postby A-GAME » Tue Jun 02, 2009 4:00 am

Bushfella wrote:hi A-Game, could you help me out by posting the name and location of the "alerts" file please. I can't locate it. Many thanks


Hi Bushfella. Its the same as turning on idiot mode. Double click on trigger lines TRO DYNAMIC FIBS and when the options box opens scroll down until you see the ''sound alert'' option. Change the value from false to true and sound alerts will be active.

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alerts

Postby Bushfella » Tue Jun 02, 2009 12:38 pm

Thanks A-GAME, well, that was all new to me. Thought I had idiot mode on with the training wheels, didn't realis it was something else. Thanks again.
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A-GAME
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Postby A-GAME » Tue Jun 02, 2009 1:17 pm

No problem mate. Glad i can help with something coz thats about all i can help with this system atm until i get some more screen time lol

Bushfella
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Postby Bushfella » Tue Jun 02, 2009 2:38 pm

Ok, I have the alerts working but they activate a little late, I think I read somewhere that someone else had the same prob. Anybody have a solution?

The " do not reverse" just appeared. Yup, even I understand that message!
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