ProchargedMopar's Trading Trilogy

[prochargedmopar]

http://theinnercircletrader.blogspot.com/

Lesson 1:

Small ranges beget large ranges.
Large ranges beget small ranges.

Where have I heard this before?
LOL

[prochargedmopar]

I posted this in breden's thread too.

Bredin,

Please, Please build this indicator!!

My son (7) ask me what a fractal was. That opened the flood gates.
My 15yo doesn't have much interest but the little guy does.
He's my new trading buddy.

I started to explain what dealing ranges were and that got me to thinking that this kid would have no fear. I've got to be VERY careful what I say to him as not to create it.

Anyway, when they play video games all they have is "lives".......and then can either build up from 3 to a 100(some games when you good) or go to zero and start over again.

Wouldn't it be great to be able to do as es/pip does and never have to look at P/L until the end of the day...........just how many LIVES you have left or have gained.

You might be able to use TRO_Dragon Money management to get the balance, risk % and lot sizes.

With this indicator you would have to keep the lot size the same so the # of lives would change and not the percentage of risk.
Hope you understand what I'm saying. After I made it to 100 or 120 lives then I could up the pip value to drop back to 79,89, (or what ever cushion a person feels comfortable with) and start to build again.

It would look something like this.



I attached that indicator just in case you want to use it but you may prefer to start from scratch.

I could calculate it manually after every trade and then change the DTB tag but that kind of defeats the purpose of not looking at your balance.

[prochargedmopar]

I went long at what I thought would be support...nope, bailed at -15 (1 life)

Immediately set a limit/buy 20 pips below.
Came back a little while later to see that trade up 15.

Hmmmm
I could move stop to b/e and if it blows through that level I'll get in again and again with each entry being higher and higher probabilities to pay (numerous lives).

[prochargedmopar]

This is funny, I'm teaching a class my 7 and 11 yr kiddos....we are loading life indy's.....hahahaha

TP hit shortly after this snapshot +1 LIFE

[TygerKrane]

how many pips did you get on that last trade there, if you don't mind me asking??

[prochargedmopar]

This is fun, I'm going for a few lives on this one............

[aliassmith]

This is fun, I'm going for a few lives on this one............

Damn PRO is that an actual indicator that has the lives?

Video games are great, although this is the only one that I play now.

[prochargedmopar]

Yup.

See here:

http://kreslik.com/forums/viewtopic.php ... sc&start=0

[prochargedmopar]

Greedy?

[prochargedmopar]

Here are a couple of sweet trades both demo and live.
Fxdd has 5 pip spread on a/j but if your going for 50 instead of 5, .........