Never Lose Again

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11440
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Sun Dec 28, 2008 8:05 pm

Image

TRO2009 RANGE COUNT has the percentage for each level. I saw that MightOne must have been doing this manually so I built it in the indicator.

TRO2009 RANGE COUNT will be in the first batch of indicators to be sent to the 2009 donators.
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.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 47
Gender: Male

Re: Buzzardish

Postby MightyOne » Sun Dec 28, 2008 8:06 pm

TheRumpledOne wrote:
MightyOne wrote:"TRO's THIRD EYE" indicator?

I am sure you can see this with your own eyes!



TRO ONETHIRD DOTS

Image

I was going over the thread and saw MightOne's post about 1/3.

I have written TRO_ONETHIRD_OC but that painted the bars.

TRO ONETHIRD DOTS places the dots at 1/3 the range from the top and bottom - dividing the candle into thirds. But the 1/3 is an input so you can place the dots at 10%, 20%, 25%, or whatever level you want.

MT4 VERSION of TRO ONETHIRD DOTS, along with source code, attached.


I LOVE YOU :oops: TRO (Thanks)

User avatar
Sweet Pip
rank: 50+ posts
rank: 50+ posts
Posts: 52
Joined: Wed Sep 17, 2008 9:00 pm
Reputation: 0
Gender: Female

Postby Sweet Pip » Sun Dec 28, 2008 8:24 pm

Hey MightyOne....come chat with us on Paltalk.com in TRO's "Two Percent Club" room!

:)
It's not always about getting what you want...it's wanting what you've got!

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11440
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Sun Dec 28, 2008 9:18 pm

TRO OneThirdOC

Image

I added the dots to TRO OneThirdOC. There's a user input to turn them on/off.

MT4 VERSION of TTRO OneThirdOC, along with source code, attached.
Attachments
tro_onethirddots.zip
(13.72 KiB) Downloaded 319 times
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.

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 47
Gender: Male

Postby MightyOne » Mon Dec 29, 2008 4:48 pm

Sweet Pip wrote:Hey MightyOne....come chat with us on Paltalk.com in TRO's "Two Percent Club" room!

:)


Paltalk aye
Two Percent Club aye

I would love to starting in January :arrow:

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
razorboy
rank: 500+ posts
rank: 500+ posts
Posts: 627
Joined: Tue Oct 21, 2008 2:06 am
Reputation: 0
Location: Toronto
Gender: None specified
Contact:

stats

Postby razorboy » Mon Dec 29, 2008 5:22 pm

much thanks for the input on the stats.........keeps me out of trouble

User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 47
Gender: Male

Postby MightyOne » Mon Dec 29, 2008 5:42 pm

This is what I have taught my friends to do for years and it has served us well.
This was used on a D1 chart because I used to trade 5m condensed (~=4H bars) in the direction of the daily.

For scalping I still observe the daily; if above the blue dot I LOOK TO go long and when below the red dot I LOOK TO go short.

So I have a short only on the Daily and I drop to my H1 chart and see price is in between the red and blue dot what do I do?

I try and get a better price to enter short; a move to the 5m ZL etc.

And if I look and it is H1 short only?

I try and get a better price equal to 10% my risk from the low extreme.
If I am risking 30 pips and price is short only on the daily + H1 N' price is not coming back to ZL on the 5m then I will try and get 3 pips from the low extreme to short.

Try it out for your self and post :shock: your comments!


User avatar
MightyOne
rank: 5000+ posts
rank: 5000+ posts
Posts: 5251
Joined: Wed Dec 10, 2008 6:33 pm
Reputation: 47
Gender: Male

Postby MightyOne » Mon Dec 29, 2008 6:04 pm

That TRC is set to 240 so I would start from the top and go 21 + 8 = 29
29/240 = 12% so if it reaches this low end number (90 in the H1 example or higher) 12% of the time then 88% of the time it does not.

With this Indi all you would have to do is add up the % until your total is ~10%.

I do this on the 5m chart with a setting of 288 to determine the size of my mental stop and set a real stop of 2x.
I use 4% risk so that If I over shoot an exit by 50% my risk will be 6% compared to 7.5% should I use 5% risk.
That said I usually exit manually with a loss smaller than 4%.

I don't recommend using MSL's if you have trouble exiting with a small loss or are inexperienced.

TheRumpledOne wrote:Image

TRO2009 RANGE COUNT has the percentage for each level. I saw that MightOne must have been doing this manually so I built it in the indicator.

TRO2009 RANGE COUNT will be in the first batch of indicators to be sent to the 2009 donators.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11440
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Postby TheRumpledOne » Mon Dec 29, 2008 7:02 pm

Image

I modified the TRO_MULTIMETER_ONETHIRD so the user can enter the multiplier of their choice. I noticed MightyOne was using the one third dots on multiple time frames.

MT4 version of TRO_MULTIMETER_ONETHIRD, including source code, attached.
Attachments
tro_onethirddots.zip
(25.86 KiB) Downloaded 316 times
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.

Moersche
rank: <50 posts
rank: <50 posts
Posts: 2
Joined: Sun Dec 28, 2008 1:56 pm
Reputation: 0
Gender: None specified

Postby Moersche » Mon Dec 29, 2008 11:14 pm

Learning from a lot of people within the net, I want to share some profitable aspects here. As we learned, price action is the key to success. Stats help to find an edge. Moneymanagment preserves capital.

Here my 2 cents - for newbees a system to test on a demo account for getting whats possible and whats not. Strategy is simple and helps to control the greed.

On the EUR/USD pair:
Set the MA_in color TRO modified version to 9. Use the (h) chart.
When it´s red go short on next candle´s open. When it´s blue go long on the next candle´s open, when yellow stay out the market. SL is set to 35. Trailing stop to 22.

Today there were 5 (-175) looser, 16 (352) winner, 3 outside the market. The numbers above do not respect the full range of the trailing stop but solely reflect first target hit with 22 pips. Nice outcome isn´t it?

Greetz Moersche

(By the way, thx TRO for coding all the free indicators, without you I never hat chance to come along. I never understood C. But in stats ?´m not that bad javascript:emoticon(':-

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “TheRumpledOne”