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Chip_Rivers
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Question re: your indicator

Postby Chip_Rivers » Sun Oct 11, 2009 7:31 pm

Hi TRO just like to say I love your work and all the help that you give others.

I have been looking at your indicator 2REvBarsEntry_arr0bar_mtf for metatrader.

I am I write assuming the criteria is to buy is when you get a bearish candle then a bullish candle and then price breaks the last candles close by 5 pips?

If so it appears the indicator might be repainting in that if the next candle after the bullish candle becomes a bearish candle then the arrows dissapear even though a trade might have been triggered?

Thanks in advance
Chip

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TheRumpledOne
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Postby TheRumpledOne » Sun Oct 11, 2009 11:33 pm

2REvBarsEntry_arr0bar_mtf is NOT one of my indicators.

My indicators have TRO in the name.
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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TheRumpledOne
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Postby TheRumpledOne » Sun Oct 11, 2009 11:35 pm

MM = MultiMeter

MP = MultiPair
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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celtics2
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Which indicator will help?

Postby celtics2 » Wed Oct 21, 2009 12:19 am

I trade G/U open +5 for longs and open -5 for shorts H1 time. Any of Tro's indicators give me an edge with this type of trading?

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Patch
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Postby Patch » Wed Oct 21, 2009 2:06 am

Hi celtics2

Reading your post above, I really like what you are doing and I've got some questions. When you say the G/U open, is this the GBPUSD pair?
and is the open the London or New York open?
I am wondering how long you have been trading this strategy?
and what kind of trade results you are getting?
What is your stop loss? and what is your take profit target?
Are you trading live or demo?
How often do you get an entry, then the market turns around on you and you get stopped out?

I look forward to your response.

In the mean time, in TRO language, you're strategy is similar to the BuyZone or Buy Zone or BZ. The original thread goes back several years is $Trillion Strategy. Also in the last few days I've made several posts in TheRumpleOne Donational Indicators thread that may be useful to you. And you will see I like a few indi's in this regard and screen shots.

I like this approach because it is simple, and responds to a single candles movement, either way.

I hope this helps you.

Patch
In VA

PS Please post a few screen shots of your trades.
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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Postby celtics2 » Wed Oct 21, 2009 6:04 pm

My main type of trading, Forex, daytrading, eurusd, trendlines and range boxes. I trade 5am till 8 am est. the London Market. Then work part time. Trade starts again 12:30 pm NY Market till 4 pm est. Then 7 pm est Asian Market till 11:00 pm. These are not rigid hours for me. Trendliine and box breakouts are my favorites and most successful by far. EU trends a lot.

I am tinkering with the B/Z type trading with gbp/usd pair. I start out with it till I hit my profit level. Sometimes I hit it 1st hour, or it can take hours to catch up. Each candle has a trade opportunity long or short. 5+ open or 5- open whichever hits first. 10 pip stop loss. GU averages 30+ pips. So one can see success in it. My profit target is +30 pips, if it goes higher fine, if goes to 29 pips I'm out. Plus if I get up to 10-15 pips ahead and it backs down to 0 I'm gone. I don't have ratio figures but it does back out a lot with GU and quick. But the at least 3-1 and the fact GU will run up the $$ more than 30 pips makes it worthwhile.

I was just looking for some of the magical stulff Tro has (donational indicators) wondering if it can give even more of an edge.

I do believe daytrading, drawing a line, finding a trend is the way to go.

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TheRumpledOne
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Postby TheRumpledOne » Thu Oct 22, 2009 5:13 am

THERE IS NO TREND.

TREND EXISTS ONLY IN THE MIND OF THE TRADER.

DO NOT BE FOOLED!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Peachpips » Thu Oct 22, 2009 5:46 am

TRO, I know it's been said before, but endless thanks for all the work you've done. :shock:

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TheRumpledOne
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Postby TheRumpledOne » Thu Oct 22, 2009 7:18 pm

You're welcome.
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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Postby fxfreddie » Thu Nov 05, 2009 6:29 am

Hi TRO,

I am wondering if for MT4 you have coded a pivots indicator capable of plotting the Daily and Weekly pivots simultaneously on 1H time frame chart. I have used an indicator like this on TradeStation, and wasn't sure if MT4 can replicate it as well.

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