TRO BUY ZONE - KEEP IT SIMPLE

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TheRumpledOne
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TRO BUY ZONE - KEEP IT SIMPLE

Postby TheRumpledOne » Wed Mar 14, 2007 4:46 pm

TRO BUY ZONE - KEEP IT SIMPLE



Let's keep it simple.

Step 1) setup a session called FOREX_DST_LONDON

Step 2) download and import the ELD

Step 3) download and open the workspace ( then save it )

This is ALL YOU NEED to make money.

You can use this setup for stocks, future, forex, etc...

Of course, you need to use session times that match the instrument you are trading.

You go LONG when there's a green candle between the blue lines and go short when there's a red candle between the red lines.

Of course, you need to change the TRO BUY ZONE inputs depending on what you are trading.
Attachments
TRO_ALL_YOU_NEED.ELD
(40.85 KiB) Downloaded 1677 times
TRO_ALL_YOU_NEED.tsw
(48 KiB) Downloaded 1373 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Patch
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TRO BUY ZONE template error message

Postby Patch » Wed Mar 14, 2007 5:51 pm

TRO

Thanks for posting the ELD and TSW for TRO_BUY_ZONE. I loaded the ELD then opened the TSW. I got this error message about a missing template. Please explain what the template does.



I learned a ton this morning on PalTalk.

Thanks,

Patch the Pirate
In VA

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Postby TheRumpledOne » Thu Mar 15, 2007 8:09 am

I posted the FOREX_DST_LONDON SESSION setup just the other day.

You need to FOLLOW THE INSTRUCTIONS:


Step 1) setup a session called FOREX_DST_LONDON

Step 2) download and import the ELD

Step 3) download and open the workspace ( then save it )
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Thu Mar 15, 2007 8:20 am



Tonight showed why having more than one data feed is necessary.

TradeStation was down.

But I also have eSignal.

I took the GBPUSD for 8 pips to the downside on a Short Zone trade.

EFX gets 2 for commission and I net 6 pips.

Some of you may think that's nothing to write about.

However, I know that if I net 4 pips a day, I can turn 1 minilot into $1,000,000 in a year.

Trading is mostly waiting, so might as well wait for the trade to come into the "zone".
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Thu Mar 15, 2007 8:56 am



Did it again.

This is very simple.

All you have to do is WAIT!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby zeller4 » Thu Mar 15, 2007 10:26 am

TRO,
Thanks for the screenshots with esignal - did you get a chance to look into the buyzone start times of 15:58 in your current efs?
TIA

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Postby whickywhack » Thu Mar 15, 2007 5:57 pm

Are you looking for a break of the candle to fall into the blue lines or red lines? On the chart above you had a big green candle enter the zone only to drop. I see you are scalping for minimal pips, so what is your general rule on stops?

Thanks.

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Postby TheRumpledOne » Thu Mar 15, 2007 7:24 pm

zeller4 wrote:TRO,
Thanks for the screenshots with esignal - did you get a chance to look into the buyzone start times of 15:58 in your current efs?
TIA


I think that may require a different approach in eSignal to get the charts to use different times since the session start/stop seem to be fixed at midnight.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Thu Mar 15, 2007 7:29 pm

whickywhack wrote:Are you looking for a break of the candle to fall into the blue lines or red lines? On the chart above you had a big green candle enter the zone only to drop. I see you are scalping for minimal pips, so what is your general rule on stops?

Thanks.


"Minimal pips" ...LOL! Don't you really a pip is a PER CENT. I can make in a trade or 2 what they banks pay in interest all year! I take what I can quickly. I left lots of pips on the table but, hey, I'm a pirate.

I don't trade with stops. The "stop" would be an exit and entry at the opposite zone.

This method is NOT how the "experts" with "squiggly" lines teach you to trade. This is "smash, grab and run" - THE PIP PIRATE WAY!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby whickywhack » Thu Mar 15, 2007 7:40 pm

I only use mental stops, but you didn't answer the question on entry. When do you get in?

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