ANATOMY OF DRAINING THE BANK

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noone22
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Postby noone22 » Mon Apr 20, 2009 6:46 am

TheRumpledOne wrote:THERE IS NO CANDLE STRENGTH METER


It would be good to know candle strength or speed indicator.
I mean - to show, how quickly green candle was growing,
how many pips per minute it was doing.
Agree, green candle of 20 pips long is indicating much more
"bullish" move, rather than 2 pips long one.

TRO, could you advise (from your broad knowledge) -
which indicator could serve this purpose.

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manujoos
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Reentry (Rule 4/5) Price goes against you

Postby manujoos » Fri Apr 24, 2009 7:01 am

Hi TRO

Thanks for sharing your system/tradingstyle with us. I understand the rules and i can trade them profitable for the most of the time.

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.


The only thing i am not realy shure about is when price goes against me... (Rule 4/5). Is it possible to post example charts of reentries after the price went against you, so we can see how this works and if we are doing it right? :roll:

Thank you again!!!

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prochargedmopar
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Postby prochargedmopar » Fri Apr 24, 2009 8:06 am

He went over this thoroughly in the 2% club Thur. A.M.
Gave many examples "live".
Join em'.
#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

manujoos
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Postby manujoos » Fri Apr 24, 2009 11:34 am

I have only a very small timeframe where i can be in the club... only a small chance that this happens at this time.

I would be grateful if somebody could report one or more cases/examples with reentries

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Two Percent Club

Postby om_salat » Sat May 23, 2009 7:34 pm

TRO,

Can I please be invited to your Two Percent Club? My ID is Om Salat. Also, what time does the room start?

Thanks,

Salat

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Postby Heavenstorm » Tue May 26, 2009 7:08 am

hey guys,

I am new to this drain the bank indicator. Have been trying out past few days and have a question.

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

does this mean only open 1 trade or only drain the candle once?
coz there were few times after i drained it....the price may hit the trigger mark again so i not sure if i should trade again.

$mm
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candle color multimeter

Postby $mm » Sun Jun 07, 2009 8:46 pm

TheRumpledOne wrote:THERE IS NO CANDLE STRENGTH METER.

There is a CANDLE COLOR MULTI METER showing the candle colors on all of the chart time periods.


TRO- Is there a candle color multi meter indicator written for Tradestation. Until I get over to metatrader this would help so much if this was available. Thanks

Sean

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TheRumpledOne
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Postby TheRumpledOne » Sun Jun 07, 2009 11:21 pm

LOL... The TradeStation SM_Candle indicator for radar is what you want.

Remember, I wrote HUNDREDS of TradeStation indicators BEFORE I started coding MT4.
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.

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Shinobi-X
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Postby Shinobi-X » Mon Jun 08, 2009 1:31 am

TheRumpledOne wrote:LOL... The TradeStation SM_Candle indicator for radar is what you want.

Remember, I wrote HUNDREDS of TradeStation indicators BEFORE I started coding MT4.


I'm not sure if a member here ever asked the same question to you but...

TRO, have you ever thought of coding using C# for NT6.5? I'm pretty sure many more will benefit from it. MT5 is going to be a little bit different and many other traders have gone south of MT4 to NT6.5. You'll reach beyond the FX world and more massive audience from Futures too.

Just my thoughts, though.
The gap between reality and dream is called action.

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TheRumpledOne
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Postby TheRumpledOne » Mon Jun 08, 2009 1:49 am

NO, I haven't.
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.

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