TheRumpledOne wrote:TRO001.png
WalMal template attached.
What are the tiny red dots?
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TheRumpledOne wrote:TRO001.png
WalMal template attached.
TheRumpledOne wrote:TRO002.png
The magenta diamonds are the previous candle's midpoint.
"Middots" are used as a bias.
1) If price opens above the middot, ok to go long. If price opens below middot, ok to go short. This is usually done after a new high or new low has been put in. Works well with the 3_Level_ZZ indicator.
2) Once you are in a trade, FOLLOW THE DOTS! Stay in the long trade until price closes below the middot. Stay in the short trade until price closes above the middot. Of course, if you hit your TP or more, take it off the table - don't be greedy!
The above works well on the M1 and M5 for scalping. If you are a swing trader, look at D1!
TheRumpledOne wrote:TRO002.png
The magenta diamonds are the previous candle's midpoint.
"Middots" are used as a bias.
1) If price opens above the middot, ok to go long. If price opens below middot, ok to go short. This is usually done after a new high or new low has been put in. Works well with the 3_Level_ZZ indicator.
2) Once you are in a trade, FOLLOW THE DOTS! Stay in the long trade until price closes below the middot. Stay in the short trade until price closes above the middot. Of course, if you hit your TP or more, take it off the table - don't be greedy!
The above works well on the M1 and M5 for scalping. If you are a swing trader, look at D1!
TheRumpledOne wrote:TRO_MID_DOTS indicator. It is in the TROBLD1200 zip file. TRO_MID_DOTS is also in some of the MT4 MOTHERLODES zip files.
TheRumpledOne wrote:2020 MT4 MOTHERLODE attached. MT4 Build 1200 Compliant.