New Chart Indicator: _TRO_POOR_MANs_SLOT

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TheRumpledOne
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New Chart Indicator: _TRO_POOR_MANs_SLOT

Postby TheRumpledOne » Mon Jun 26, 2006 12:46 pm

New Chart Indicator: _TRO_POOR_MANs_SLOT

This is for all of the trader's who don't have RadarScreen.

Since I am still on version 8.0, there are only 2 triggers but you can expand the code to handle more.

The top Green/Red dots indicate buy/sell.

The bottom DarkGreen/DarkRed dots indicator cover/short.

The triggers/colors are all user inputs so you can use this to test your trade triggers before you actually trade them with real money.

My favorite triggers are the defaults.

ELD attached.

MAY ALL YOUR FILLS BE COMPLETE.






Code: Select all

// _TRO_POOR_MANs_SLOT  - chart version of slot machine
   

{Attn: TradeStation
if this indicator is posted on the TradeStation Forum, I, TheRumpledOne, did NOT post it there,
so I can't be blamed for this indicator having my contact info.}


{Programmer:  Avery T. Horton, Jr.  aka TheRumpledOne,
gifts and donations accepted, PO Box 43575, Tucson, AZ 85733 }

{ © Copyright 2006 Avery T. Horton, Jr.}

inputs:

iLgEntryTrigger1( close crosses above xavg(close,5) and xavg(close,5) > xavg(close[1],5) ),   
iShEntryTrigger1( close crosses below xavg(close,5) and xavg(close,5) < xavg(close[1],5) ),

iLgExitTrigger1(c < c[1] and c[1] < c[2]),
iShExitTrigger1(c > c[1] and c[1] > c[2]),

iLgEntryColor1 ( green ),
iShEntryColor1 ( darkred ),

iLgExitColor1 ( red ),
iShExitColor1 ( darkgreen ),

iLgEntryTrigger2( close crosses above ( h[1] + l[1] ) *.5  ),   
iShEntryTrigger2( close crosses below ( h[1] + l[1] ) *.5  ),

iLgExitTrigger2(c < ( h + l ) *.5 ),
iShExitTrigger2(c > ( h + l ) *.5 ),

iLgEntryColor2 ( green ),
iShEntryColor2 ( darkred ),

iLgExitColor2 ( red ),
iShExitColor2 ( darkgreen );

variables:
 

sFirstPass(true),
 
xPlot1( 1 ),
xPlot2( -1 ),
xPlot3( 3 ),
xPlot4( -3 );

variables:
 
FG1(white),
BG1(black),

fg2(white),
bg2(black),

fg3(white),
bg3(black),

fg4(white),
bg4(black);



{ INITIALIZE }

FG1 = BLACK;
BG1 = BLACK;

fg2 = BLACK;
bg2 = BLACK;

fg3 = BLACK;
bg3 = BLACK;

fg4 = BLACK;
bg4 = BLACK;
 

{ Alert criteria }


If iLgEntryTrigger1
then begin
   Fg1 = iLgEntryColor1 ;
end
else
If iLgExitTrigger1
then begin
   Fg1 = iLgExitColor1 ;
end;


If iShExitTrigger1
then begin
   Fg2 = iShExitColor1 ;
end;
   
If iShEntryTrigger1
then begin
   Fg2 = iShEntryColor1 ;
end;






If iLgEntryTrigger2
then begin
   Fg3 = iLgEntryColor2 ;
end
else
If iLgExitTrigger2
then begin
   Fg3 = iLgExitColor2 ;
end;


If iShExitTrigger2
then begin
   Fg4 = iShExitColor2 ;
end;
   
If iShEntryTrigger2
then begin
   Fg4 = iShEntryColor2 ;
end;


{ PLOT }

Plot1( xPlot1 , "LgTrade1", fg1 ) ;

Plot2( xPlot2 , "ShTrade1 ", fg2 ) ;

Plot3( xPlot3 , "LgTrade2", fg3 ) ;

Plot4( xPlot4 , "ShTrade2 ", fg4 ) ;
Attachments
TRO_POOR_MANS_SLOT.ELD
(5.56 KiB) Downloaded 591 times

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eudamonia
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Postby eudamonia » Fri Jun 30, 2006 3:40 pm

TRO,

This indicator is incredible. I used it this morning on the GBP to make 60 pips and then again to make another 20. This compliments my own breakout methodology perfectly. All I do is wait for a buy or sell on this indicator and then wait for price action to start moving. If the bar following the signal can get some momentum above/below the signal candle it's time to jump on for a ride!.

Also since I don't use radar, I wanted to especially thank you for converting your idea over to a regular indicator.

Have a great weekend.

Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

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TheRumpledOne
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Postby TheRumpledOne » Fri Jun 30, 2006 7:20 pm

Edward:

If you liked the Poor Man's Slot Machine, you'll love THE EVALUATOR!

Once again, it's all input controlled and works on both radar and charts.

Just remember to set iRadar to FALSE, if you are using a chart.
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.

Vincent
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What time frame is best with this indicator?

Postby Vincent » Tue Jul 04, 2006 7:17 pm

TRO,

I am new to this forum, however I have read all of your posts in the TS forum. My question is I am not sure I completely understand how to use this indicator? I do not have rader screen attached below is a screen shot of a 60 min eur-usd.

I am not sure when to sell of buy?
Attachments
Poor man slot.jpg
Poor man slot.jpg (84.72 KiB) Viewed 2315 times

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TheRumpledOne
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Postby TheRumpledOne » Wed Jul 05, 2006 12:40 am

Never had seen that chart color combo before... I use a black background, so the black dots would not be there.

But if you notice when you see 2 bright green dots, the price usually goes up from there.

And a bright red dot usually is a warning the price is about to drop.

HTH.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Jul 05, 2006 12:41 am

"I am new to this forum, however I have read all of your posts in the TS forum. "

You have my sympathy..LOL
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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eudamonia
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Postby eudamonia » Thu Aug 10, 2006 5:16 pm

TRO,

I see that the slots can trigger a signal intrabar (say on a 60 minute bar). Some of these signals seem to be quite good (for the several that I've watched in real time). Is there a way I can look at these signals historically (intrabar) and see when they are triggered (say on a 5 minute bar)?

Edward
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

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michal.kreslik
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Re: What time frame is best with this indicator?

Postby michal.kreslik » Thu Aug 10, 2006 10:51 pm

Vincent wrote:TRO,

I am new to this forum, however I have read all of your posts in the TS forum.


Is it at all possible to read all 3006 TRO's TS posts? =D>

Screech
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thanks!

Postby Screech » Mon Sep 25, 2006 2:57 pm

Avery, / Tro -

Wanted to let you know that I appreciate what you're doing. I'm glad I found you on this site. Made a strategy from your poor man's slots, and it looks profitable. :D

I've lost 10's of thousands of $$ paying people for stuff that hasn't worked for me. I needed to find your stuff.

GOOD KARMA TO YOU!!!!

THANK YOU THANK YOU THANK YOU!!!!! These sentiments are felt by many!!!!

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TheRumpledOne
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Postby TheRumpledOne » Mon Sep 25, 2006 8:51 pm

Thanks Screech.

Gifts and Donations accepted :)
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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