With all due respect, just found something I'd like to bring to your attention. I do like what you've done to help improve the dragon33 money management indicator for the users (since obviously dragon33 already knows what he's doing, this is more to help the new users of the indicator that are hoping to get their money management under control).
Having said that, when I change the myLotValue input to 1000, tickvalue displays as being $10.0000 (10 dollars). When I change the myLotValue input to 100000, tickvalue displays as being $0.1000 (10 cents). This isn't correct, is it? Shouldn't they be the other way around? This throws other calculations off it appears.
If you don't want to check it before giving to the users, and don't want me to check it, who will?
Hopefully you see I'm doing this for the users. The end result is an easy calculation of number of lots for the user, and who wouldn't want that? I just am the type to make sure it's right, so I test and ask questions, and give input on the few things I do know about. And hopefully it's the users that benefit. It's cool with me that you make the changes in DRAGON indicator instead of me making them in DON indicator (although I've just eited previous posts to make sure there is only one version of mine, and the version has all changes I am going to make I'm pretty sure), but I'm just trying to make sure it's right.
I hope we can BOTH get past EGO, and see that the INDICATORS being right are more important that EITHER OF US being right.
TheRumpledOne wrote:Hey Don, you need to SETTLE DOWN. You need to FULLY UNDERSTAND what is going on BEFORE you start making changes. Your ASSUMPTIONS are incorrect. Best thing for you to do is focus on your OWN PORTFOLIO and TRADING. Dragon has made over 1000% in his account in 8 weeks. When you do that, then you'll have people listening to you.
I coded the indicator EXACTLY the way Dragon described his formula.
Here is my money management. The strategy i use to make a lot of money.
I know you guys buy and sell mini,micro and maybe standard lots.
My platform is much easier. I already posted a few times my platform screen.
The only thing i have to do is push buy or sell, that's it. I can set SL and TP and that is all i can do.
If you have practiced whatever strategy, you have to do some calculations. I am going to tell you my calculation for the TRO DYNAMIC SR strategy. I am able to make a lot of trades in short times, i have shown you.
My average SL is 20 pip. I can NOT make (i believe in myself)10 losers in a row. I take 10 times 20 pips is my max drawdown. That would be 200 pip.
Take that number and multiply by two=400. Then you take your pipvalue. Let's take 1euro (Euro zone). Now you have your starting money.
Start with 400 eur. When you lose 10 times in a row what i think it is impossible, then you still have the half of your money.
This is the best part. Every time you score 400 pip you raise your pipvalue with 1 and so on and on. So you will be able to play with 10000 euro with a pipvalue of 50 euro. If you can manage what i do you are able to make 25000 euro with just 500 pips. I have shown you can do that in just a few days. It is not luck, you have to SEE what TRO learned me to SEE.
I know some people are talking about money management and the 2% rule. I told you before if you know how to handle things and you have enough back up to believe in yourself you can create your own rules. I mean trading must working for you if not keep practicing until you do.
This method is about in and out the market as quick as you can. Other methods can't have my management rule because you will be wiped as quick as you start trading. This is working for me. If you try it it is at your own risk. The most important thing is that when you are losing: cut off asap.
This is how it will look in numbers and when you don't lose.
start 400 gain 400 pipvalue 1euro
800 400 2
1200 400 3
and so on.
About my SL. Most of it i trade without BUT i use a disaster and that is the one i set and is 50 pip. But when the market is against you and the bigger picture is not wright then i close my trade manual around -20 pip. Always put a disaster SL because when you have whatever problem you can whipped out very quick.
Don, please do NOT name indicators that you wrote or modify "TRO_". Name them "DON_". I do NOT want credit or blame for your work. Thanks for your cooperation.
I STRONGLY SUGGEST THAT TRADERS FOLLOW DRAGON'S MONEY MANAGEMENT.
Don, you were reading my mind when you installed the switch to use the actual account balance. I added that update.