consolidation of pending qs:
1. do you have a script or indicator to automatically take partial profit or move to move the stop up ?
2. rat reversal: where to place my stop loss? currently, i place it at the high for red rat reversal and low for green rat reversal, is this right?
3, I can do the rat reversal on any lower timeframe? m1,m5,m15,m30?
4. Anyway, what is "weak LWP"?
5. Wick zone: 75% of the time, price will break the previous D1 high/low, but for how many pips? sorry I do not know how to do the statistic thingy...
6. in video 7 u mention that u will exit alot lower but actually I saw a candle close above the previous candle mid point alot earlier than you mentioned in the video, just wanted you to clarify that. you can refer to the pic above.
that's all for now.
TRO TRADING VIDEOS
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Re: TRO TRADING VIDEOS
1. do you have a script or indicator to automatically take partial profit or move to move the stop up ?
No. That would be an EA
2. rat reversal: where to place my stop loss? currently, i place it at the high for red rat reversal and low for green rat reversal, is this right?
Stop loss should be above the daily high and below the daily low.
3, I can do the rat reversal on any lower timeframe? m1,m5,m15,m30?
Yes.
4. Anyway, what is "weak LWP"?
LWP: LONG WICK PINBAR
5. Wick zone: 75% of the time, price will break the previous D1 high/low, but for how many pips? sorry I do not know how to do the statistic thingy...
Have to run a frequency distribution for the pair(s) you are trading.
6. in video 7 u mention that u will exit alot lower but actually I saw a candle close above the previous candle mid point alot earlier than you mentioned in the video, just wanted you to clarify that. you can refer to the pic above.
???
No. That would be an EA
2. rat reversal: where to place my stop loss? currently, i place it at the high for red rat reversal and low for green rat reversal, is this right?
Stop loss should be above the daily high and below the daily low.
3, I can do the rat reversal on any lower timeframe? m1,m5,m15,m30?
Yes.
4. Anyway, what is "weak LWP"?
LWP: LONG WICK PINBAR
5. Wick zone: 75% of the time, price will break the previous D1 high/low, but for how many pips? sorry I do not know how to do the statistic thingy...
Have to run a frequency distribution for the pair(s) you are trading.
6. in video 7 u mention that u will exit alot lower but actually I saw a candle close above the previous candle mid point alot earlier than you mentioned in the video, just wanted you to clarify that. you can refer to the pic above.
???
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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Re: TRO TRADING VIDEOS
TheCrumpledOne wrote:consolidation of pending qs:
1. do you have a script or indicator to automatically take partial profit or move to move the stop up ?
...
A few people on this forum, including myself, use FxSynergy.
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Re: TRO TRADING VIDEOS
TheRumpledOne wrote:1. do you have a script or indicator to automatically take partial profit or move to move the stop up ?
No. That would be an EA
2. rat reversal: where to place my stop loss? currently, i place it at the high for red rat reversal and low for green rat reversal, is this right?
Stop loss should be above the daily high and below the daily low.
3, I can do the rat reversal on any lower timeframe? m1,m5,m15,m30?
Yes.
4. Anyway, what is "weak LWP"?
LWP: LONG WICK PINBAR
5. Wick zone: 75% of the time, price will break the previous D1 high/low, but for how many pips? sorry I do not know how to do the statistic thingy...
Have to run a frequency distribution for the pair(s) you are trading.
6. in video 7 u mention that u will exit alot lower but actually I saw a candle close above the previous candle mid point alot earlier than you mentioned in the video, just wanted you to clarify that. you can refer to the pic above.
???
Thanks TRO for all your answers, nevermind question 6, I was just really looking for clarification on your exit point for that video. if you have the time, you can re watch that video to see if everything is correct.
For question 2, how far (in pips) above the daily high is your stop loss for red Rat reversal trade?
Q5: can you teach me how to run a statistic on the previous mid point, e.g.
using the h4 time frame for EURUSD, if the price close above the previous candle's mid point, how many percent probability is there that it will break the high of the previous candle?
same for the opposite, using the h4 time frame for EURUSD, if the price close below the previous candle's mid point, how many percent probability is there that it will break the low of the previous candle?
that would be interesting to see..
Video 8: TRO SAME CHART FOR EXIT
Thanks TRO, I have get a confirmation of when you close a Sell trade on EURUSD M5 time frame, when the price close above the purple mid dot.
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Re: TRO TRADING VIDEOS
TheCrumpledOne wrote:Q5: can you teach me how to run a statistic on the previous mid point, e.g.
using the h4 time frame for EURUSD, if the price close above the previous candle's mid point, how many percent probability is there that it will break the high of the previous candle?
same for the opposite, using the h4 time frame for EURUSD, if the price close below the previous candle's mid point, how many percent probability is there that it will break the low of the previous candle?
Not sure what you mean by "teach".
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Re: TRO TRADING VIDEOS
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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Re: TRO TRADING VIDEOS
TheRumpledOne wrote:
Hi Tro,
Thanks for another idea (cq trade away from another horizontal line )to skin the market.
Just some thoughts.
With all these colomns, i would think more in the direction of a dashboard without chart and a secondary
Chart window with almost only the chart.
Question ? Is it possible that the buttons for the pairs (and maybe buttons for timeframe) change the pair on
A secondary or even all chart windows?
And somehow suppress rotation message if range is below a certain amount of pips or % of daily range.(via variable)
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Re: TRO TRADING VIDEOS
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 do NOT PM me with trading or coding questions, post them in a thread.
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Re: TRO TRADING VIDEOS
forexbob wrote:
Hi Tro,
Thanks for another idea (cq trade away from another horizontal line )to skin the market.
Just some thoughts.
With all these colomns, i would think more in the direction of a dashboard without chart and a secondary
Chart window with almost only the chart.
Question ? Is it possible that the buttons for the pairs (and maybe buttons for timeframe) change the pair on
A secondary or even all chart windows?
And somehow suppress rotation message if range is below a certain amount of pips or % of daily range.(via variable)
You can blank out the chart.
If you set the CHANGE_ALL_CHARTS input to TRUE then all charts will change to the pair you click.
Yes, thinking about adding threshold for turning the indicator on/off.
Thanks.
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Re: TRO TRADING VIDEOS
If someone use multimonitor there is good free script which allow undock dashboard outside MT4. Search for "Undock charts MT4".
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