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TheRumpledOne
rank: 1000+ posts
Age: 54
Joined: 14 May 2006
Posts: 6642
Location: Tucson, Arizona
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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
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| tro_drain_the_banks_rev06.zip |
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tro_drain_the_banks_rev06.zip |
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_________________
IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!
You are on the internet - If you (google) search for it, you'll probably find it.
DRAIN THE BANKS T-shirts here: http://www.drainthebanks.com
Last edited by TheRumpledOne on Sat May 23, 2009 7:27 pm; edited 5 times in total
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pwd
rank: <50 posts
Joined: 05 Apr 2009
Posts: 3
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Tks a lot for the dummies like me !
Just tried and got 5 pips on usdjpy just by waiting ok to buy !!!
Is it the signal I have to wait to trade ?
If yes, have you an indicators showing a popup for pairs with clear signal (ok to buy or ok to short)
Regards,
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pwd
rank: <50 posts
Joined: 05 Apr 2009
Posts: 3
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if '' ONLY TRADE LONG '' and Resistance breakout, can try a long position or just wait the right signal given by ''THE RULES'' ?
Because it is borrowing to wait signals !!!
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prochargedmopar
rank: 1000+ posts
Age: 41
Joined: 20 Dec 2008
Posts: 1703
Location: Granbury, TX
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TRO,
Man,
I hate to ask,
Is there any way to turn off the iperiod 5 DOTS in your TRAIL indicator.
The blues and reds.
I turn off everything but they still remain.
I change the iperiod sup/res to black but they are still there.
I would really like to have JUST the gauge on my chart to observe AS I'm trading psych lines.
WITH TRAINING WHEELS ON.
Thanks
"cringes in corner waiting for reply"
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_________________
?"What is my profit target and How will I protect my capital"?
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winny
rank: 50+ posts
Joined: 02 Jun 2008
Posts: 99
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In the past hours I took 4 trades with the DTB system.
Not 1 loser.
Well done Sir. Avery
Very well done.
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prochargedmopar
rank: 1000+ posts
Age: 41
Joined: 20 Dec 2008
Posts: 1703
Location: Granbury, TX
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On second thought, please don't answer that until May 1, 2009.
LOL
Pro
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_________________
?"What is my profit target and How will I protect my capital"?
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TheRumpledOne
rank: 1000+ posts
Age: 54
Joined: 14 May 2006
Posts: 6642
Location: Tucson, Arizona
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| Pro, you almost added another month to you "sentence"...LOL!
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_________________
IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!
You are on the internet - If you (google) search for it, you'll probably find it.
DRAIN THE BANKS T-shirts here: http://www.drainthebanks.com
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robb
rank: <50 posts
Joined: 15 Oct 2008
Posts: 4
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| TRO, Lets hope you can understand what am about to say , so here goes, I was trying to add the TRO_TRAININGWHEELS.mq4 to my chart but with no success after add it to my Program Files\MetaTrader\experts\indicators files, to place it to my charts i have to go to custom indicator list to drop it on the chart, but its not even showing up there, so what i sum up is if you make 2 output of the indicator you share eg. mq4 & ex4 of any indicator i think it will show up on my chart but since you only make one output of the TRO_TRAININGWHEELS.mq4 which is a mq4 file, its not showing up on my chart, i use a meta trader 4 platform from FX Clearing.ca, i hope what i ask makes sense
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TheRumpledOne
rank: 1000+ posts
Age: 54
Joined: 14 May 2006
Posts: 6642
Location: Tucson, Arizona
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ROBB:
Close MT4 and reopen it. The indicators will be recompiled unless you have too many in the indicator folder.
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_________________
IT IS NOT WHAT YOU TRADE, IT IS HOW YOU TRADE IT!
You are on the internet - If you (google) search for it, you'll probably find it.
DRAIN THE BANKS T-shirts here: http://www.drainthebanks.com
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jeffdachef
rank: <50 posts
Age: 55
Joined: 17 Apr 2009
Posts: 1
Location: Portland Oregon is home
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In my humble opinion, fools don't follow the rules,
just search the posts, you will find the tools.
One thru seven, that's how eazy it is,
just trade the rules to be a whiz.
When the 1H chart semaphors a trend,
click the 15M chart, order ready to send.
When the price hits the trigger, "DONT THINK, JUST ACT!"
One trade each 15m candle, a rule and a fact.
If the price goes awry with a new dynamic s/r,
just watch for the trigger next to the bar.
If you understand how the s/r helps you,
then order again, to the trend be true.
Your Stop Loss is what your money management demands,
Your profit is "take what you can", it's in your hands!
And as you start to "DRAIN THE BANKs"
remember, TRO the creator deserves some thanks!
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