2009.09.10 DRAIN THE BANKS - LIKE A RAT

[LibertHound]

TRO,

About 2 hours before the NY open, I was able catch, saddle and ride the RED Rat for 48 pips...

[TheRumpledOne]

TRO,

About 2 hours before the NY open, I was able catch, saddle and ride the RED Rat for 48 pips...

Nice trading!!

[TheRumpledOne]

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"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

P64 HOW WE DECIDE (italics added)

[stu]

Hi there - have just dropped in here after bumping into Lem in another place. Learnt some stuff over there, but there's something isn't quite dropping into place, so I'm going to see what I can pick up here to maybe turn things around. I'm currently a non-profit organisation

TRO - I'd noticed you have, on a few occasions, applied the RAT methodology north of the 20pip zone, as price rose. I had a little dabble today as time allowed, and tried to scalp off GU as it bounced off some levels (fib off Friday, and daily pivots). Chartshot shows 3 successful M1 scalps, and I was just aimed for 1.5 profit off each....I guess the exits can be developed later if I start get consistent with reasonable entries. Anyhow, it was more about saying hello here

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[LeMercenaire]

Hi there - have just dropped in here after bumping into Lem in another place. Learnt some stuff over there, but there's something isn't quite dropping into place, so I'm going to see what I can pick up here to maybe turn things around. I'm currently a non-profit organisation

TRO - I'd noticed you have, on a few occasions, applied the RAT methodology north of the 20pip zone, as price rose. I had a little dabble today as time allowed, and tried to scalp off GU as it bounced off some levels (fib off Friday, and daily pivots). Chartshot shows 3 successful M1 scalps, and I was just aimed for 1.5 profit off each....I guess the exits can be developed later if I start get consistent with reasonable entries. Anyhow, it was more about saying hello here

cT_cs_10373817_GBPUSD_2020-05-18_14-54-07.png

Meant to say, earlier - have you used the new, Smart RAT indicator, rather than blindly using the 20 pip zone?

[stu]

Hi there - have just dropped in here after bumping into Lem in another place. Learnt some stuff over there, but there's something isn't quite dropping into place, so I'm going to see what I can pick up here to maybe turn things around. I'm currently a non-profit organisation

TRO - I'd noticed you have, on a few occasions, applied the RAT methodology north of the 20pip zone, as price rose. I had a little dabble today as time allowed, and tried to scalp off GU as it bounced off some levels (fib off Friday, and daily pivots). Chartshot shows 3 successful M1 scalps, and I was just aimed for 1.5 profit off each....I guess the exits can be developed later if I start get consistent with reasonable entries. Anyhow, it was more about saying hello here

cT_cs_10373817_GBPUSD_2020-05-18_14-54-07.png

Meant to say, earlier - have you used the new, Smart RAT indicator, rather than blindly using the 20 pip zone?

Hi Lem.....no, I've been eyeballing today tbh...is that the "TRO_RAT_ZONE.mq4" one from page 438 of this thread with posting date of "Fri Dec 06, 2019 10:16 pm"?

[LeMercenaire]

Hi there - have just dropped in here after bumping into Lem in another place. Learnt some stuff over there, but there's something isn't quite dropping into place, so I'm going to see what I can pick up here to maybe turn things around. I'm currently a non-profit organisation

TRO - I'd noticed you have, on a few occasions, applied the RAT methodology north of the 20pip zone, as price rose. I had a little dabble today as time allowed, and tried to scalp off GU as it bounced off some levels (fib off Friday, and daily pivots). Chartshot shows 3 successful M1 scalps, and I was just aimed for 1.5 profit off each....I guess the exits can be developed later if I start get consistent with reasonable entries. Anyhow, it was more about saying hello here

cT_cs_10373817_GBPUSD_2020-05-18_14-54-07.png

Meant to say, earlier - have you used the new, Smart RAT indicator, rather than blindly using the 20 pip zone?

Hi Lem.....no, I've been eyeballing today tbh...is that the "TRO_RAT_ZONE.mq4" one from page 438 of this thread with posting date of "Fri Dec 06, 2019 10:16 pm"?

Sorry, dunno'. TRO will be able to tell you where it is exactly.

[TheRumpledOne]

The Smart Rat is a 2020 Donational indicator. It does the work of figuring out the zone range dynamically.

[LeMercenaire]

Here ya' go:

therumpledone/tro-2020-donational-indicators-t30947/page20

Post by TheRumpledOne » Fri May 01, 2020 8:02 pm

Batch 004 of the TRO2020 DONATIONAL INDICATORS released MAY 1, 2020.

[stu]

Well, wondering if a bit of discretionary flexibility needs to built into trading plan?

Firstly, I was probably wrong going into this pair for the range was way low, however I've been playing around with an exit strategy in my head the past few days that I wanted to try out. I'd just taken a few minutes break from ripping plasterboard out of the attic so hadn't a lot of time, and I just jumped on the first pair I came to that had a green(ish...I'm colour blind) H1 candle, and showed a wee bit of movement on M1. I made just over a pip on the first trade, coming out when I wanted as opposed to fixed target. The second trade went south on me very quickly, heading down towards the the 10pip stop. I noticed a lot of bars below me to the left, so expanded my stop out to nearly 13 just to allow price to come down that area to see if it popped up again. It did, and I took the first RAT bar combination as my 3rd trade (though maybe need to think about giving it time to bounce next time to get slightly better entry). Up it came, thankfully, and my exit plan wasn't activated all the way up, so I took profit a pip below the mid-pivot and closed the looser at the same time, so a nice wee handful of pips in the pocket. So, this time expanding from 10 to 13 saved a heavier loss - TRO, do you ever play with your stops like that, or do you always keep it simple (i.e. if I'd taken the loss and still traded up the 3rd trade, I'd still have made a pip or two overall and not have 2nd guessed the trading plan, which could be a dangerous thing to start doing)

M1 chart

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Haven't had time to get rat zone indis installed....'The Money Pit' calls dibs on my time this week I'm afraid!