Tro Dynamic Fibs Sr

[TheRumpledOne 14]

TRO Dynamic Fibs SR - ENHANCEMENT

 

 

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

[Soultrader 12]

Thanks for the contribution RumpledOne. Keep them coming

[walterw 10]

Welcome to mr Rumpled one... honor to have you here... cheers Walter.

[TheRumpledOne 14]

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

[walterw 10]

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.

[TheRumpledOne 14]

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.

[Soultrader 12]

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.

[TheRumpledOne 14]

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.

[ezduzzit 10]

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

[TheRumpledOne 14]

Michal Kreslik is the only C# coder I know.

[dede 10]

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.

[TheRumpledOne 14]

TRO DYNAMIC FIBS SR and hundreds of other TRO indicators are available for MT4 now!!

 

You can use GOOGLE to find them.

[ZOSO 10]

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?

[ajax358 10]

great indicator!! Just loaded it & backtested it....works great on a 116tk chart for scalping the NQ/ES. Thx, good on ya mate!!....

[TheRumpledOne 14]

Glad you like it.

 

There are also versions for eSignal and MT4.

[TheRumpledOne 14]

 

MT4 version

[shrike 10]

thanks for sharing your indicator

[mroy 10]

Hi Can anyone share the knowledge on How to use this indicator on TS?

 

Thanks in advance for the pro active help

 

MR

[johnnydaymon 11]

Here is a little Tro gem that goes with that Tro Dynamic Fibs Sr.It is called,Shme_indicator2. It is the magneta and cyan dots in the attached picture.Thank you TheRumpledOne!

SHME_Indicator2.txt

[johnnydaymon 11]

_SHME_Indicator_2 Pic

[johnnydaymon 11]

Mroy:The Sr stands for "DYNAMIC SUPPORT / RESISTANCE"

Load your indicator and the rest you can figure out on the job! Good Trading to you.

[johnnydaymon 11]

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.

[COTtrader 10]

Stock Market Funding is a scam. They will take your money. Be sure you have a lawyer read the agreement you sign with SMF before committing any money to them.

 

COTtrader

[johnnydaymon 11]

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!

[johnnydaymon 11]

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.