2009.04.15 DRAIN THE BANKS - REV 006
Posted: Wed Apr 15, 2009 1:12 pm
2009.04.15 DRAIN THE BANKS - REV 006
You can call this one DRAIN THE BANKS FOR DUMMIES...LOL!!
New input TrainingWheels (default = true) checks the H1 Bias and will only display the reversal trade when it matches the H1 candle color. Also, it will not display the reversal trade during a break out. If TrainingWheels = false, then TRO_DYNAMIC_FIBS_SR_Trail functions just like before.
I also added a LONG WICKED CANDLE PATTERN (LWP) display. I found this idea in the nickbmethod CLICK HERE FOR PDF.
This is a simple method that, when applied properly ( and don't load up the charts with SQUIGGLY'S ), will enable you to NEVER LOSE AGAIN!
1) Only trade if there is a 1, 2 or 3 semafor on the current or previous H1 candle. NO EXCEPTIONS.
2) After you see the semafor on the H1 chart, look at the M15 chart for the long(light blue) and short(pink) triggers based on TRO DYNAMIC FIBS SR TRAIL indicator.
3) When price touches the trigger you enter. DON'T THINK, JUST ACT!
4) Only ONE TRADE PER M15 CANDLE. If price goes against you, just wait.
5) If price went against you and makes a new dynamic sup/res level, get ready to enter at the trigger. If you can't see how this work, then DO NOT TRADE IT. I have entered up to 3 times.
6) What's the STOP LOSS? The stop loss is your maximum allowed loss per trade based on your money management.
7) What's the TAKE PROFIT? You take what you can. I usually take 5+ pips and leave more on the table.
Try this method using a micro lot or 0.1 mini lot. Trade it this way until you feel comfortable and are profitable on a consistent basis. Just trade it, AS IS, and don't add anything to it to improve it. You'll be amazed at how profitable a simple method can be.
All the indicators you need and then some, along with the REV 006 template, are in the attached zip file.
PLEASE DO NOT POST MY INDICATORS ANYWHERE
02/23/2009 10:23 AM 2,210 $_TRO_Time.mq4
03/20/2009 09:29 AM 12,378 3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION.mq4
03/24/2009 07:04 AM 5,094 b-clock_TRO_MODIFIED_VERSION.mq4
03/20/2009 11:20 AM 3,399 Magnified Market Price.mq4
12/03/2008 02:22 PM 3,720 SweetSpotsGOLD.mq4
01/03/2009 11:31 AM 7,363 TRO2009_PLOT.mq4
03/22/2009 04:03 PM 12,027 TRO_DRAGON_MONEY_MGMT.mq4
04/15/2009 05:51 AM 15,937 tro_drain_the_banks_rev06.tpl
03/26/2009 09:20 PM 2,991 TRO_DTB_TAG.mq4
03/26/2009 06:28 AM 16,683 TRO_DYNAMIC_FIBS_SR.mq4
04/15/2009 05:06 AM 23,111 TRO_DYNAMIC_FIBS_SR_Trail.mq4
03/20/2009 11:21 AM 16,428 TRO_Multi_Meter_CandleColor.mq4
03/26/2009 03:05 PM 6,681 TRO_MyNotes.mq4
03/31/2009 05:18 PM 9,214 TRO_RiskReward.mq4
03/27/2009 12:48 PM 4,018 tro_spread_dots.mq4
04/01/2009 05:54 PM 9,641 TRO_Squiggly.mq4
03/23/2009 11:35 AM 3,241 TRO_TopOfHourAlarm.mq4
03/10/2009 02:23 PM 6,037 TRO_TRAININGWHEELS.mq4
04/05/2009 02:31 PM 7,125 TRO_Tunnel.mq4
PLEASE DO NOT POST MY INDICATORS ANYWHERE
REVISION 7 NOW AVAILABLE
Click HERE
You can call this one DRAIN THE BANKS FOR DUMMIES...LOL!!
New input TrainingWheels (default = true) checks the H1 Bias and will only display the reversal trade when it matches the H1 candle color. Also, it will not display the reversal trade during a break out. If TrainingWheels = false, then TRO_DYNAMIC_FIBS_SR_Trail functions just like before.
I also added a LONG WICKED CANDLE PATTERN (LWP) display. I found this idea in the nickbmethod CLICK HERE FOR PDF.
This is a simple method that, when applied properly ( and don't load up the charts with SQUIGGLY'S ), will enable you to NEVER LOSE AGAIN!
1) Only trade if there is a 1, 2 or 3 semafor on the current or previous H1 candle. NO EXCEPTIONS.
2) After you see the semafor on the H1 chart, look at the M15 chart for the long(light blue) and short(pink) triggers based on TRO DYNAMIC FIBS SR TRAIL indicator.
3) When price touches the trigger you enter. DON'T THINK, JUST ACT!
4) Only ONE TRADE PER M15 CANDLE. If price goes against you, just wait.
5) If price went against you and makes a new dynamic sup/res level, get ready to enter at the trigger. If you can't see how this work, then DO NOT TRADE IT. I have entered up to 3 times.
6) What's the STOP LOSS? The stop loss is your maximum allowed loss per trade based on your money management.
7) What's the TAKE PROFIT? You take what you can. I usually take 5+ pips and leave more on the table.
Try this method using a micro lot or 0.1 mini lot. Trade it this way until you feel comfortable and are profitable on a consistent basis. Just trade it, AS IS, and don't add anything to it to improve it. You'll be amazed at how profitable a simple method can be.
All the indicators you need and then some, along with the REV 006 template, are in the attached zip file.
PLEASE DO NOT POST MY INDICATORS ANYWHERE
02/23/2009 10:23 AM 2,210 $_TRO_Time.mq4
03/20/2009 09:29 AM 12,378 3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION.mq4
03/24/2009 07:04 AM 5,094 b-clock_TRO_MODIFIED_VERSION.mq4
03/20/2009 11:20 AM 3,399 Magnified Market Price.mq4
12/03/2008 02:22 PM 3,720 SweetSpotsGOLD.mq4
01/03/2009 11:31 AM 7,363 TRO2009_PLOT.mq4
03/22/2009 04:03 PM 12,027 TRO_DRAGON_MONEY_MGMT.mq4
04/15/2009 05:51 AM 15,937 tro_drain_the_banks_rev06.tpl
03/26/2009 09:20 PM 2,991 TRO_DTB_TAG.mq4
03/26/2009 06:28 AM 16,683 TRO_DYNAMIC_FIBS_SR.mq4
04/15/2009 05:06 AM 23,111 TRO_DYNAMIC_FIBS_SR_Trail.mq4
03/20/2009 11:21 AM 16,428 TRO_Multi_Meter_CandleColor.mq4
03/26/2009 03:05 PM 6,681 TRO_MyNotes.mq4
03/31/2009 05:18 PM 9,214 TRO_RiskReward.mq4
03/27/2009 12:48 PM 4,018 tro_spread_dots.mq4
04/01/2009 05:54 PM 9,641 TRO_Squiggly.mq4
03/23/2009 11:35 AM 3,241 TRO_TopOfHourAlarm.mq4
03/10/2009 02:23 PM 6,037 TRO_TRAININGWHEELS.mq4
04/05/2009 02:31 PM 7,125 TRO_Tunnel.mq4
PLEASE DO NOT POST MY INDICATORS ANYWHERE
REVISION 7 NOW AVAILABLE
Click HERE