With regards to the noise I mean the amount of info your screen shots show. I'm sure they all mean something to you - but to me all the info on the screen is noise as I don't know exactly what it is telling me. If the method is so simple then there is no need for it IMO.
In terms of turning it on/off that can be done through the EA options in MT. In terms of an alert then your indicator does that.?
This is not purely for the benefit of this thread. I am going to explore momentum in more detail next week - and this essentially is a play on current momentum so is an easy starting place. I have a lot more that I want to explore but can knock this up easily and hopefully others can take some benefit which may help inform and educate me.
With regards to the noise I mean the amount of info your screen shots show. I'm sure they all mean something to you - but to me all the info on the screen is noise as I don't know exactly what it is telling me. If the method is so simple then there is no need for it IMO.
In terms of turning it on/off that can be done through the EA options in MT. In terms of an alert then your indicator does that.?
This is not purely for the benefit of this thread. I am going to explore momentum in more detail next week - and this essentially is a play on the immediate momentum so is an easy starting place. I have a lot more that I want to explore but can knock this up easily and hopefully others can take some benefit which may help inform and educate me.
Xmess7,
Well I agree that for a scalping method such as this requires as quick an execution as possible I don't think anything you state is going to make any noticable effect on the profitability at this level.
IMO - you are better using a platform such as MT so that you have the reliability rather than the problems of a unique development. I say this after moving from a unique platform I developed myself.
With regards to the noise I mean the amount of info your screen shots show. I'm sure they all mean something to you - but to me all the info on the screen is noise as I don't know exactly what it is telling me. If the method is so simple then there is no need for it IMO.
In terms of turning it on/off that can be done through the EA options in MT. In terms of an alert then your indicator does that.?
This is not purely for the benefit of this thread. I am going to explore momentum in more detail next week - and this essentially is a play on the immediate momentum so is an easy starting place. I have a lot more that I want to explore but can knock this up easily and hopefully others can take some benefit which may help inform and educate me.
step 1 - come up with some simple stupid system like take 5 pips with a 20 stop, some silly candlestick rules and a bunch of cohorts to sing one's praises..
step 2 tell everyone you cant take every signal of course - that's just plain silly, dont forget to lure them to your 'donations' page
step 3 get some seasoned 'pro' in on the act - a seasoned pro that can't trade for toffee is usually the best but people think they are better than they really are
step 4 - seasoned pro starts suggesting things like 'take bigger profits' or 'trailing stop' , starter comes on and reminds people to contribute by donations by keeping profile looked at
step 5 - wait for some numpty who thinks seasoned pro is god (ess?) to suggest they can make an ea and solve all your problems.
step 6 - come in and tell pro and willing helpers to keep it up helping it along
step 7 curve fit to last 6 months of trading, starting of course at just the last few days
step seven - watch for swimmy swimmy black swan to take eryones money just as theyve got the parameters right and started to trade it for real
Step eight, rinse and repeat once a year on different forums
swimmy swimmy, here it comes
hiya,
great post TRO !
Brilliant method. Thx 4 xharing.
I tried googling the "TRO DRAGON MONEY MANAGEMENT" but couldnt find it. Can anyone likn me to it.
tc
Do I know you?
Have done something to you?
What's the reason you are harassing me?
It's posted where I usually post my FREE indicators.
It's too bad that thread STARTERS can't delete ANY post in their threads. Or perhaps, send them to a recycle bin. Or perhaps, take away their ability to make future posts in the thread. Or make it so thread STARTERS could APPROVE/REJECT posts in their threads. That sure would clean things up a bit. Might take some of the burden off of the forum admins, too.
In the interest of settling the matter fairly as this is a mechanical system I am happy to code this as an EA next week and run it on a demo account. If someone could post a straightforward statement of the rules it should be quick and easy to knock together and test.
It's too bad that thread STARTERS can't delete ANY post in their threads. Or perhaps, send them to a recycle bin. Or perhaps, take away their ability to make future posts in the thread. Or make it so thread STARTERS could APPROVE/REJECT posts in their threads. That sure would clean things up a bit. Might take some of the burden off of the forum admins, too.
More than likely what I develop will be for my personal use. If folks are interested I will gladly provide software/source/support.
A suggestion earlier in the thread, TRO uses numbers 00 25 50 75.....could these be any series of numbers ie 12 37 62 87 variable to be determined by the user ?
May be some use if anyone wants to run 2 EA's for comparison purposes...or for eg to see if price is attracted to whole numbers.
just my tuppence
cv
TRO, i have been reading this thread for 5 hrs s8 and noticed that u are still trying to explain things and continue to be polite to these ignorant people. Maybe u should go back to ur "MYOFB" ways.