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.

[Soultrader]

Thanks for the contribution RumpledOne. Keep them coming

[walterw]

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

[TheRumpledOne]

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]

Originally Posted by TheRumpledOne »

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]

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]

Originally Posted by TheRumpledOne »

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]

Thanks Soultrader.

But for ease of maintenance, I post all my code on 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.