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Thread: "Drain the banks" scalping method by TRO

  1. #61
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    Quote Originally Posted by disbellj View Post
    with the account shut down, there is no way to follow this further, right? And are we sure that the EA that was pointed to for sale for 500 USD is actually what we've been seeing the results of?

    OK. Let's say this EA was using TRO's Drain the Banks strategy, can someone who is profitable using this strategy explain it to me IN THEIR WORDS? I do not want to see TRO's words, for I have seen them enough and they don't answer pertinent questions I have if I am going to trade the DTB strategy.

    Question1: TRO says to take the reversal if a new resistance or support dot is made. well, a new red dot and blue dot are made every bar. The location of the red dot vs. the last red dot is important. is it the same price level as the last red dot or different? do we take reversals if it is different or only if it is the same level as last red dot? same goes for blue dots.

    Question2: How do you determine stop loss to use? I do not accept what TRO says. I NEED THE STOP LOSS TO DETERMINE HOW MANY LOTS TO TRADE (needed for my money management/position size equation I created).

    If I can get some simple questions answered (and a detailed step-by-step for how a successful DTB trader does the trades from start to finish would be even better), I wouldn't mind working on an EA for it. I have one almost done anyways, except I am obviously not understanding the directions correctly.

    Don
    Hi Don,

    I assume it is possible to open another trial account and watch it for two or three days or for however long they let you. According to the web site that features the EA, it should be the same one that you can buy for $1,000 (it appears they bundled it with another one and raised the price) and the same one that you can watch in the trial platform.

    After watching it for a quite a while, I personally do not thing it is based on DTB but rather BUY ZONE. The zone ranges vary according to volatility and most of the orders close by a minimum TS of 2 pips. The SL is 29 always.

    It might not be a bad idea to download the platform and watch it during breakouts.

    I would like to know what you think thereafter.

    Regards,

    GF

  2. #62
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    Hi everbody,

    seems there are great interest on this ea. yes the ea really works. i have one just like this and infact it is the same ea which featured one of the thread in the forum which i read past 2 week ago. but with one catch..PM me.. i won't reply here.

    yes my result was: deposit USD5000 and in 1 day i made USD225,000.

  3. #63

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    Quote Originally Posted by tilong77 View Post
    Hi everbody,

    seems there are great interest on this ea. yes the ea really works. i have one just like this and infact it is the same ea which featured one of the thread in the forum which i read past 2 week ago. but with one catch..PM me.. i won't reply here.

    yes my result was: deposit USD5000 and in 1 day i made USD225,000.
    Hello,

    i sent a PM.

    Thanks Lot
    Last edited by serdarso; 05-20-2009 at 06:55.

  4. #64

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    Can somebody post last system and rules...

  5. #65

    Thumbs up

    Developer doesnt allow to post his indis on other forums, it will became outdated. U can always go here and download latest versions.

  6. #66
    Junior Member
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    May 2009
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    hi all ty for efforts, can someone explain what does semafor means or show in a pic pls

    dont know that word what it means in my language (i am Turk btwn)

  7. #67

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    Circles with 3,2,1.

  8. #68
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    Quote Originally Posted by altoronto View Post
    Circles with 3,2,1.
    thank you mate.

  9. #69
    Junior Member
    Join Date
    May 2009
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    28

    Thumbs up any progress chaps?

    So please update me Fellas,
    is anybody currently trying to recreate this EA? I've just been to the website MT4Live.com - Share Your MT4 Statements Free and watched it for 10 minutes.

    That is frightening stuff. I know there is an issue of spreads but could it be optimized for the eurusd for which most of us can get a spread of 2 or just under..?

    TP could be set to a variable in the inputs couldn't it? (enter your own?)

    (I have PM'd tilong77 as well..)

    I don't think any of us has seen anything like that thing in action...

  10. #70

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    Quote Originally Posted by AZJeff View Post
    Hello Blackwolf,

    Nice post. Awhile back on this forum Tro was boasting how easy his systems are so I posted if it was that easy and profitable just make an ea out of it.
    Let's just say he did not. If someone can make a profitable ea out of this method then I am all for it. I do know Tro did not and I believe he has not done it not because he does not believe in them but for other reasons which I will not get into.

    Regards,
    Jeff
    I DO NOT CODE EAs. That is the reason. It is THAT SIMPLE. There is NO other reason.

    I am easy to find. If you have questions, ASK ME.

    There is always going to be SOMEBODY who won't be making money and they will want to blame me and/or the method/system. DO NOT LISTEN TO THEM!

    All you have to do is come to my FREE PalTalk chat room, the TWO PERCENT CLUB, and you can hear the calls LIVE. You be the judge.
    Last edited by TheRumpledOne; 05-21-2009 at 00:20.
    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.

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