Still trying to decide if TRO is for real

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orion pax
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Still trying to decide if TRO is for real

Postby orion pax » Fri Oct 14, 2011 12:11 pm

I've been scouring these forums for a while now, looking for answers as to how TRO's indicators work. I have downloaded a couple and applied them to my MT4 platform, but I can see no way of understanding when to enter a trade. Despite trawling through hundres of pages of posts, all I can find are posted images from TRO but with no reasoning behind how to use the indicators.

If someone out there (I'm assuming TRO won't be replying to this) can suggest a good combination of a couple of the free indicators, followed by how to use them, that would convince me to donate to TRO for the "donational indicators."

My money is waiting to be handed over, but I just can't justify it until I see it work for myself.

Hopefully someone can speak on behalf of TRO and point me in the right direction, as I still believe trading is simpler than is made out.

Orion.

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Postby Relativity » Fri Oct 14, 2011 2:21 pm

There is only 1 indicator you really need : straight lines.

The key is not to understand how indicators work. It is to understand how price movement works, and how the indicator (regardless free or not; it doesn't really matter) helps you see the price movement better.

That's pretty much it. TRO's got it.

What TRO sees is much less important than what you see. You are the trader, not him. What you can see determines what you can trade. All another trader can do to help another trader is not to trade for him, but to help him see better.

Ask yourself; what do you see on the chart? Be brutally honest. Ask yourself lots of questions. Keep exploring. Spoonfeeding, admittedly speaking, will make a trader blind.

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Postby PebbleTrader » Fri Oct 14, 2011 3:03 pm

There are several indi's from his donational ones that I like or from the motherlodes.

I pretty much knew which ones I wanted after seeing others post a screenshot of it. Then you just figure out which year it was from. If you know you want it ahead of time, then you can't really go wrong...
Life is just a journey

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Postby TheRumpledOne » Fri Oct 14, 2011 3:34 pm

What's the reason you would assume that I would not reply?

You say you can't see when to enter a trade? Have you read the DRAIN THE BANKS - LIKE A RAT thread? The entry rules are simple:

DRAIN THE BANKS - LIKE A RAT

http://kreslik.com/forums/viewtopic.php?p=25593#25593

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

7) If the rules do not mention it, then it is of no concern.


"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."
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 orion pax » Fri Oct 14, 2011 11:18 pm

Ahhhhh, TRO..... We meet at last.

I didn't assume you wouldn't respond. Not even for a second. I merely wrote that I assumed you wouldn't respond :-)

I did read the rules, but I can't say they were clear to me. Just because something is clear to the writer, doesn't mean it is clear to every reader.

I'm am eternally grateful for your answer, though. I would like to go into it a little deeper.

So when the price is within 20 pips of the daily low, that is when the opportunity is there to buy? And am I correct in saying a red candle has to close within 20 pips of the daily low? If so, is that an H1 candle? If not, what kind of time frame are we talking about? After that, I assume we're waiting for a green candle to close, but does that also have to be within 20 pips, and in which time frame?

I get the rest, but just not those first few points, which seem to be the most important.

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Postby Humble » Sat Oct 15, 2011 12:45 am

If you still "believe trading is simpler than made out" why are you complicating TRO's reply?
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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Postby forexjake80 » Sat Oct 15, 2011 12:59 am

"You won´t do it anyway!" (hoping thats gonna trigger the desired reaction).
--> girl talk.
It's time to kick ass and chew bubble gum. And I'm all out of gum.

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Postby oldmangeezer » Sat Oct 15, 2011 2:57 am

Tro didin't mention that you have to pick whether you want to be a green rat or a red rat. Can't be both. So pick a side.

Trade in the direction of the 1 hour candle.

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Postby orion pax » Sat Oct 15, 2011 7:37 am

Humble, I am merely trying to understand TRO's reply. I did not/do not understand the terminology, so I need to ask questions.

Geezer, thank you for your input. So, let me see if I understand. When I have the Rat indicator on, I should only trade on whatever signal it gives me that matches the colour of the current H1 candle?

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Postby oldmangeezer » Sat Oct 15, 2011 2:59 pm

You need to be a Red Rat (sell only) or Green Rat (buy only)

Which means you have to be 1 or the other. Not both.

I think TRO is only a Green Rat. So I believe he has all the pairs he trades and looks for any pair where price closes within 20 pips of the daily close. Then since TRO is only a green rat (buy rat) he goes long when the rat signal presents itself. See Rat thread for rules. They are on just about every page of this 500 page thread.

TRO's donational indicator TRO2011_MP_GPS will be a great help when trading multiple pairs.

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