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TheRumpledOne
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Postby TheRumpledOne » Sun Nov 16, 2008 12:05 am

HOW I DO IT

Image

I look at my TRO DASHBOARD BAR COUNT to see what pairs have 3 or more H1 candles in a row.

Then I look at the TRO MPMM CANDLE COLOR indicator to see how far up/down price is from the H1 open. I also can see if the price is up/down for the day. Trading when H1 and D1 are the same color is usually profitable especially after a 3 bar reversal.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Sun Nov 16, 2008 5:10 pm

TRO MPMM EXITS

Image

Since I get asked about exits all the time, I wrote TRO_MPMM_EXIT.

TRO_MPMM_EXIT will show you when it's time to start thinking about exiting your trade.

There are 5 arrowheads that show exits based on:

1: CANDLE COLOR
2: HIGHER HIGH / LOWER LOW
3: CLOSE VS. PIVOT
4: CONTROL
5: CLOSE VS EMA(5)

If 3 or more arrowhead colors match then the color of the pair show that color.

If you are SHORT and the arrows are green EXIT

If you are LONG and the arrows are red EXIT.

Of course, if you THINK ABOUT IT, you can use this for entries, too but that's NOT what it was designed for.


TRO_MPMM_EXIT was sent out to all those who donated to my PayPal account.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Sun Nov 16, 2008 6:21 pm

Image

I made another version of TRO HL HISTOGRAM that allows the trader to input a price and shows by how many pips price crossed that price.

It only shows in the direction of the candle color.

As you can see, trading with the H1 candle at 0.6600 would have been very profitable.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby deeforex » Sun Nov 16, 2008 9:48 pm

TheRumpledOne wrote:There are 5 arrowheads that show exits based on:

1: CANDLE COLOR
2: HIGHER HIGH / LOWER LOW
3: CLOSE VS. PIVOT
4: CONTROL
5: CLOSE VS EMA(5)


Could you please explain what #4: Control means? TIA

Shane
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Postby Shane » Sun Nov 16, 2008 10:10 pm

TheRumpledOne wrote:TRO MPMM EXITS

Image

Since I get asked about exits all the time, I wrote TRO_MPMM_EXIT.

TRO_MPMM_EXIT will show you when it's time to start thinking about exiting your trade.

There are 5 arrowheads that show exits based on:

1: CANDLE COLOR
2: HIGHER HIGH / LOWER LOW
3: CLOSE VS. PIVOT
4: CONTROL
5: CLOSE VS EMA(5)

If 3 or more arrowhead colors match then the color of the pair show that color.

If you are SHORT and the arrows are green EXIT

If you are LONG and the arrows are red EXIT.

Of course, if you THINK ABOUT IT, you can use this for entries, too but that's NOT what it was designed for.


TRO_MPMM_EXIT was sent out to all those who donated to my PayPal account.



Nice one TRO. Thanks :)


deeforex wrote:
TheRumpledOne wrote:There are 5 arrowheads that show exits based on:

1: CANDLE COLOR
2: HIGHER HIGH / LOWER LOW
3: CLOSE VS. PIVOT
4: CONTROL
5: CLOSE VS EMA(5)


Could you please explain what #4: Control means? TIA


Hi dee,

I was reading about this just last week. I am 99% sure this is the 'control' that TRO is referring to:

TheRumpledOne on CONTROL

:D
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TheRumpledOne
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Postby TheRumpledOne » Sun Nov 16, 2008 10:34 pm

Yes, Shane, that's the CONTROL that's built into the indicator.
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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 17, 2008 2:45 am

Image

RED AT 0.6450
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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 17, 2008 3:09 am

Image

TRO MPMM EXITS set to PERIOD 5 is really nailing the exits.

Watching for current range to exceed average range also gives a HEADS UP to exit.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby pierre23 » Mon Nov 17, 2008 3:10 am

Tro, if you have time (and if its not too much effort) would you be able to create dragon's money management system in an excel file? I havnt done any excel programming in years so I'm finding it difficult to even code simple equations.

cheers

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TheRumpledOne
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Postby TheRumpledOne » Mon Nov 17, 2008 3:34 am

Image

SEE GREEN CANDLE.

SEE GREEN CANDLE AT 0.6450

GO LONG

TAKE PROFIT.

That's it. Those are all the steps to this.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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