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TheRumpledOne

Tro Dynamic Fibs Sr

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TRO Dynamic Fibs SR - ENHANCEMENT

 

6aprlgm.jpg

 

I added enhancements to TRO_DYNAMIC_FIBSSR.

 

The iPlotTrade input, when = TRUE, will place a white dot behind the dynamic support/resistance dots. This is your TRADE ENTRY TRIGGER!

 

Notice how many winners and the amount you could have made per share. Lots of "MILK" in that RIMM cow!!

 

I added stop and entry "+" plots.

 

Yellow "+" are the stops.

 

Cyan "+" long entry.

 

Magenta "+" short entry.

 

There are inputs to turn on/off the fib dots and the trade dots.

 

Remember this indicator is DYNAMIC meaning, you'll see "+"s display and then disappear.

 

Example, if you see a cyan "+" for a long entry and then the price hits dynamic resistance then the cyan "+" will disappear because it's now time to consider a long exit and wait for a short entry.

 

I noticed a pattern on the 5 minute charts of AAPL and RIMM. Usually a green candle is followed a green candle after hitting dynamic support and usually a red candle is followed by a red candle of hitting dynamic resistance.

 

If you notice RIMM, you can sometimes take $1 or more per share!

 

DON'T BE GREEDY!

 

 

ELD attached.

TRO_DYNAMICFIBSSR.ELD

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You can find all of my indicators with a quick google search.

 

I posted the TRO Dynamic Fibs SR because it's really the only indicator I use anymore. It shows the dynamic support/resistance, shows me the entry, the stops and gives me fib retracement targets. Use it on the 1 minute and/or 5 minute chart.

 

I scalp trade. With this indicator, you can make hundreds or thousands in the first 1 - 2 hours of trading. Then take the rest of the day off.

 

I am sure my reputation preceeds me...lol :p

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You can find all of my indicators with a quick google search.

 

I posted the TRO Dynamic Fibs SR because it's really the only indicator I use anymore. It shows the dynamic support/resistance, shows me the entry, the stops and gives me fib retracement targets. Use it on the 1 minute and/or 5 minute chart.

 

I scalp trade. With this indicator, you can make hundreds or thousands in the first 1 - 2 hours of trading. Then take the rest of the day off.

 

I am sure my reputation preceeds me...lol :p

 

 

Hi Rumpled, would be nice if you feel confortable to open yourself a new thread on our technical forums about your trading methods... TL has a very good reputation of respect and a constructive interactive enviroment, so maybe you can finally find your home and make your self confortable interacting about your techniques... I would be very please to hear about how you trade ¡¡

 

çBy the way, do you know how to program this indicator for MT4 ? would be awesome to have it also on mT4.... once again thanks and Cheers Walter.

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Hi Walter:

 

I have not coded in MT 4. I think some of my indicators have been coded in MT 4 by others.

 

A google search of "TheRumpledOne" will show where I post my methods. I don't want to clog this forum and/or get banned.

 

Problem with my methods are they are too simple. Most people want completed methods with "squiggly line" indicators! Just go long if the candle is green at your entry point and go short if the candle is red at your entry point. It's that simple. The only "trick" is where you pick your entry point. Actually, you can throw a dart and still be profitable at that price point - where the dart hit the chart.

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Hi Walter:

 

I have not coded in MT 4. I think some of my indicators have been coded in MT 4 by others.

 

A google search of "TheRumpledOne" will show where I post my methods. I don't want to clog this forum and/or get banned.

 

Problem with my methods are they are too simple. Most people want completed methods with "squiggly line" indicators! Just go long if the candle is green at your entry point and go short if the candle is red at your entry point. It's that simple. The only "trick" is where you pick your entry point. Actually, you can throw a dart and still be profitable at that price point - where the dart hit the chart.

 

Feel free to clog it RumpledOne as long as it adds value for traders in any way. And no need to worry about getting banned here as long as everyone's post remains respected. The other forums where you kept getting banned, obviously can not sell their vendor indicators with you on board ;) Youre more than welcome to post anything you like here.

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Thanks Soultrader.

 

But for ease of maintenance, I post all my code on http://www.kreslik.com. It's a free forum, just like Traders Laboratory. There's nothing worse than to have to maintain multiple sites. Keeping things up to date is hard enough as is.

 

But what I could do is post the Motherlodes here. Once a Motherlode is uploaded, that's it.

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Good to find you here RumpledOne.

 

I used this indicator of yours (before the latest enhancements) when I was using ESignal charting. I am mostly intersted in just this one enhanced indicator at this point, but I now use NinjaTrader charting. Might you be able to direct me to someone whom I can contact to get it coded for NinjaTrader which uses C# ?

 

Keep up the great work RO and as usual, happy trading to all

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Your Dynamic Fib Indicator looks very interesting...I too like scalping since it gives you instant feedback on your trades....I break out in a rash if I have to wait to see a trade develop.

 

Anyway, I think I understand your signals. How do you enter? I assume you must use buy stops for longs and sell stops for shorts. Or do you simple use a market order when it hits your entry price? Appreciate any guidance you can provide.

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TRO, have you tried this trading the S&P e-mini? If so, what timeframe or tickframe did you use and how were the results compared to scalping the stock you mentioned?

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Mroy; If you use candles and increase the size of the "+" in the Dynamic Fib ShowMe, it looks like a thermometer! Over at stockmarketfunding.com they use a very sophisticated Algorithmic version of this indicator.Check out the videos at the site and you can see how Mario uses them.Dynamic Support & Resistance Lines are also good for drawling your own lines for support & resistance.Tro has another good one called Push HiLo! whatever the case you got to use what works for you.Good Trading Sir.

20060124083951SMAA_DYNAMIC_FIBS_2006JAN24a.jpg.0ffa5455f60550bfb38dfb2c1f4eb070.jpg

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Your entitled to your own opion about SMF Sir.We must realize all trading schools or programs are very expensive.We must before trading any asset class,read the relevant broker RISK disclosure statements.As a trader you will loose money and will complain. Happy Trading against those HFT bots with or without great trading software and data feeds.Since this is TRO's thread I will use a statement of his; "And if you are looking for an argument, you won't get one". I don't have the time or bandwidth to spare. Now anybody got more TRO indicators for Tradestation to share or what!

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http://www.traderslaboratory.com/forums/beginners-forum/11614-beginner-wants-make-but-needs-advice.html

Advice from By Tams;

if you want to do trading because you don't like your 9-5 job,

then you are setting yourself up for failure.

Trading is worse than any 9-5 job.

Trading requires more studying and learning than any 9-5 job.

Trading requires more discipline than any 9-5 job.

Trading is more boring than any 9-5 job.

Trading provides less satisfaction than any 9-5 job.

Trading gives you more stress than any 9-5 job.

Trading requires you to work longer hours than any 9-5 job.

 

Can trading provide a better living than a 9-5 job?

well, it depends. If you want to do trading as an alternative to a 9-5 job,

it might not happen. Fascination doesn't get you anywhere.

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