2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Nov 25, 2019 5:52 pm

TRO003.png
TRO003.png (29.83 KiB) Viewed 2642 times


I noticed you asked about the HL version.

The lines are plotted from the current daily high/low unless you specify a different chart period.

You may have an old HL test version that I was working on for someone else.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Nov 25, 2019 6:01 pm

TRO_ATR_LINES_HL5 was an experiment. Never finished that code. Decided to keep the ATR lines as a separate indicator. But the latest version of TRO_HL5 has an option to show distance from open in pips or ATR%.
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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Nov 25, 2019 6:12 pm

TRO001.png
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Updated TRO_ATR_LINES_HL attached.
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TRO_ATR_LINES_HL.mq4
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby JP1 » Mon Nov 25, 2019 7:38 pm

TheRumpledOne wrote:TRO001.png


Updated TRO_ATR_LINES_HL attached.


Thanks mate - much appreicate the explanations. Ur probably getting sick of me, but i still dont know what the 14 and 2 next to ATR (in ur last post), and then 6 and 2 next to ATR in this post?

So lets say yesterdays daily ATR on gold was 150 pips ($15)......what would those numbers be next to ATR on the chart?

I cant trade something unless i 100% understand what im looking at - hence my questions! Apologies, if im missing something obvious

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Nov 25, 2019 8:27 pm

Load a chart with the ATR indicator 13 times, ATR(2), ATR(3), ATR(4)...ATR(13),ATR1(14).

Select the smallest ATR value, that will be the minimum.

Select the largest ATR value, that will be the maximum.

Add each of those to the open price. Plot a line at each price. The area between those two lines is the upper ATR zone.

Does that make it clearer?
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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Tue Nov 26, 2019 4:07 pm

Instance 1 - atr period = 2
Instance 2 - atr period = 3
Instance 3 - atr period = 4
.
.
.
Instance 12 - atr period = 13
Instance 13 - atr period = 14

Now, all the instances will not have the same value.

One value will be the max and one will be the min.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby BambinoFlex » Tue Nov 26, 2019 7:14 pm

TheRumpledOne wrote:Instance 1 - atr period = 2
Instance 2 - atr period = 3
Instance 3 - atr period = 4
.
.
.
Instance 12 - atr period = 13
Instance 13 - atr period = 14

Now, all the instances will not have the same value.

One value will be the max and one will be the min.


Admire your genius in creating this indicator. Makes rat trading sooo easy.
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Fri Dec 06, 2019 10:16 pm

Latest TRO_RAT_ZONE indicator attached.
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TRO_RAT_ZONE.mq4
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby BambinoFlex » Fri Feb 21, 2020 7:38 pm

Not sure what it is, but when I trade the rat zones. Everything makes sense. Position direction is clear, stop loss is clear, take profit is up to you. Thank you TRO for sharing this strategy, it's one of the best ones. Shooting to make six figures by the end of the year.
Trading the TRO way

"If you're wrong, guess what...thats TRADING"

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BambinoFlex
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby BambinoFlex » Fri Feb 21, 2020 7:48 pm

Can't go wrong with Rat Trades. If you do, that's trading and it's okay.

One think I realized yesterday looking at my account.

I had twelve different closed trades for the day. Out of those 12, only 3 were in profit. But even with a 25% success rate, I still was positive for the day. With 9 losses!!

Yesterday was my "coming of age" in trading. I realized what "small losers" mean. Previous to TRO, I had a 80+% success rate but was ending negative at the end of the month. My 10%-20% losing trades were eating all my profits of the other 80%-90%.

Rat Trades, Dchappys 1-2-3 (more difficult for me) and wick zone trading is where it's at. This chart shows my wickzone set up with the HL5 indi.
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Trading the TRO way

"If you're wrong, guess what...thats TRADING"

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