How to be a MOnster

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Mira
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Re: How to be a MOnster

Postby Mira » Sat Jan 26, 2019 11:34 am

Last night I was backtesting the BuyZone.. but I can’t figure out how to trade it as a ‘set and forget’.
Trading it like a straddle is dangerous since many times price wicks both the triggers..

Ahhh.. every time I end up dreaming options :lol:
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Re: How to be a MOnster

Postby BlindMan » Sun Jan 27, 2019 2:15 am

Mira wrote:Last night I was backtesting the BuyZone.. but I can’t figure out how to trade it as a ‘set and forget’.
Trading it like a straddle is dangerous since many times price wicks both the triggers..

Can you post the chart you were looking at? (If you don't mind of course)

Regarding the 'set and forget', If by set and forget you mean "SL here, TP there, whichever gets hit first", I've tried but I haven't found a way to do it that way (yet :lol: ).

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Re: How to be a MOnster

Postby LeMercenaire » Mon Jan 28, 2019 1:48 pm

Mira wrote:Last night I was backtesting the BuyZone.. but I can’t figure out how to trade it as a ‘set and forget’.
Trading it like a straddle is dangerous since many times price wicks both the triggers..

Ahhh.. every time I end up dreaming options :lol:


Remember the way I trade it I am running a single direction only, so only way a double-wick fest would hit me was if the stop was too close.

I should also point out that I was only musing on the possibility of running it Set-And-Forget, I don't actually do that myself.

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Mira
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Re: How to be a MOnster

Postby Mira » Mon Jan 28, 2019 8:57 pm

Thank you friends.

Yes, then I realised that a ‘set and forget’ could work only having a bias to avoid double triggers.
When this very full moment ends (the next week) I’ll be 100% on it, at least to know if I can make it work :lol:
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Mira
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Re: How to be a MOnster

Postby Mira » Fri Feb 08, 2019 9:36 pm

Home sweet home :lol:

I was focusing on BuyZones when my mind went back on the Buzzard and the RAT.
Well I was looking for a “end of the day” strategy so I tried to look at RATs on daily charts: BOMB.

It works, it’s simple and efficient.
I was looking for a secondary “strategy” to run parallel to the primary one, that is based on zlines and doji zones, for having a consistent trading activity (You know my lack of time) and I found that the rat strategy is robust and effective.

Thanks TRO, and thanks again to EVERYBODY because I love all the stuff that you shared here on the board.
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Re: How to be a MOnster

Postby Mira » Fri Feb 08, 2019 10:48 pm

I made some adaptation to what i see, however it remains a RAT 8)

I plot a line on the previous monthly bar's high, low and midpoint (TRO_HL5 ).

USDCADMonthlyRoadMap.png
USDCADMonthlyRoadMap.png (33.73 KiB) Viewed 314 times


I go to the daily and i wait to be at the current high or low of the current month, then i'd look for a RAT away from the previous monthly levels.
The stop loss is above/below the MN H/L.
Targets are the so hated discretionary part of the orginal RAT strategy :lol: The take what you can. I'm projecting a 1:0,5 and a 1:1 from the breakout line, however i'm working on the use of s/d zones and ATR to make better guesses.

USDCADDailyRAT.png
USDCADDailyRAT.png (33.56 KiB) Viewed 314 times


For the desperation i even tried to watch it on mystic pairs lol

USDTHBMonthly.png
USDTHBMonthly.png (35.18 KiB) Viewed 314 times


USDTHBDaily.png
USDTHBDaily.png (32.64 KiB) Viewed 314 times


There are fails but they are very rare, especially considering a little 'refine' (a few more personal rules that i'll post when i'll see one).

One more important and beautiful point is that after the rat bar closes you can drop down and use the advantage of the intraday to trade the D1 rat, if that day you have time for example.

USDTHBH1.png
USDTHBH1.png (36.77 KiB) Viewed 314 times
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