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INSIDE BAR TRADE FOR DUMMIES INDICATOR

Posted: Fri Jan 09, 2009 8:36 pm
by TheRumpledOne
INSIDE BAR TRADE FOR DUMMIES INDICATOR

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Many traders have been raking in the pips using the DIBS trades.

Some traders like a little more action and want to trade every inside bar breakout.

The INSIDE BAR TRADE FOR DUMMIES INDICATOR tells you when to get ready and what the short and long triggers are, it tells you when to go short or long and what the running P/L is.

INSIDE BAR TRADE FOR DUMMIES INDICATOR will be sent to those who donate to my PayPal account in 2009.

Posted: Thu Jan 22, 2009 1:44 am
by piptaker
I just downloaded the INSIDE BAR TRADE FOR DUMMIES INDICATDOR. I have 2 of those sections giving me trading statistics on differenct currencies. The one up towards the top say it's ".... FOR DUMMIES Threshold=0

The other one is way down at the bottom and just says "....FOR DUMMIES". The one at the bottome gives prices that arn't even near what the present prices are. Can you explain what the purpose is? And also how to move the bottom one. It's way too far down and can only see half of it. I've tried using that movable pink ribbon, but that only moves the top indicator.

thx,
todd

Posted: Thu Jan 22, 2009 1:59 am
by TheRumpledOne
You need to post a chart so I can SEE what you are looking at.

chart

Posted: Thu Jan 22, 2009 3:53 am
by piptaker
TheRumpledOne wrote:You need to post a chart so I can SEE what you are looking at.

Posted: Thu Jan 22, 2009 3:54 am
by piptaker
deleted

Posted: Thu Jan 22, 2009 3:56 am
by piptaker
Here ya go

Posted: Thu Jan 22, 2009 10:33 pm
by smacko
this might be a stupid question...

LT = long target
ST = short target

P/L = means?

Posted: Fri Jan 23, 2009 12:38 am
by piptaker
profit or loss?

Anyway I figured out why my chart was a mess. I think the template has the original pairs on it. So I just went into objects and deleted them.

thx,
todd

Posted: Fri Jan 23, 2009 1:40 am
by pierre23
LT and ST are the Limit orders you put in so you can be ready for the trade ("Get Ready signal"). When one hits you delete the other order, and place the corresponding SL for the one that triggered.

Alternatively when you place your short and long limit orders, you can place your stoploss at the same time, as it's just the opposite end of the inside bar.

P/L is your running profit/loss, although when it goes into loss I don't think it shows a negative symbol.. it used to go back to the "Get Ready" signal but I think TRO may have changed that in recent updates.

Posted: Fri Jan 23, 2009 2:51 am
by piptaker
What confuses me is when there's the "Get Ready" signal. The price will touch one of the lines and indicate short or long, but then if the price backs out a couple of pips, it goes to "Wait". Well how can I "Wait" if I already entered the trade per the signal?

thx,
todd