wow this thread exploded! I just wanted to post my results:
I have been trading DTB RAT reverse on daily chart for 2 weeks. On a 10k demo account using 1.0 lots, I have made 8.5k and had very few losses. I left a LOT of profit on the table in favor of consistent profitability.
Thanks TRO, I have taken this live and am doing fairly well with it. I'm doing more tweaking to try and squeeze out as many pips as possible, but nonetheless, this will be one of 3 strategies I have compiled to take on my account starting next week.
http://zulemaratro.mt4stats.com is my stats page for all who are curious
2009.09.10 DRAIN THE BANKS - LIKE A RAT
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- pablo101
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zulemara wrote:wow this thread exploded! I just wanted to post my results:
I have been trading DTB RAT reverse on daily chart for 2 weeks. On a 10k demo account using 1.0 lots, I have made 8.5k and had very few losses. I left a LOT of profit on the table in favor of consistent profitability.
Thanks TRO, I have taken this live and am doing fairly well with it. I'm doing more tweaking to try and squeeze out as many pips as possible, but nonetheless, this will be one of 3 strategies I have compiled to take on my account starting next week.
http://zulemaratro.mt4stats.com is my stats page for all who are curious
Zule, nice one.
Please post some charts
WAS A YALE STUDENT. Now? Let's see!
I can post charts but they really aren't necessary. At 7pm EST a new daily bar is started. So you look at the previous 2 days and follow the reversal rules.
green red sell at low, red green buy at high. 50 pip TP 100 pip SL. I've been working on finding a way to maximize profits a little more, but have done just fine with the 50 pips. I'm just leaving a lot on the table, so I'm trying to tweak things and get a little more when the market is willing to give.
green red sell at low, red green buy at high. 50 pip TP 100 pip SL. I've been working on finding a way to maximize profits a little more, but have done just fine with the 50 pips. I'm just leaving a lot on the table, so I'm trying to tweak things and get a little more when the market is willing to give.
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- TheRumpledOne
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gfg1 wrote:TheRumpledOne wrote:Watch and listen carefully:
http://club.ino.com/trading/2009/10/the ... l-trading/
How many myths were put forth as truisms?
His #4 point: diversify into non correlated assets
His #5 filter trades, trade in direction of trend (someone here has said there is no trend)
His #6 which is similar to his #4, trade with the trend
So by my count, I get 3. Hopefully, this will not get me a Yale app.
No, you won't be going to Yale anytime soon.
But there are more myths...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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- TheRumpledOne
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zulemara wrote:I can post charts but they really aren't necessary. At 7pm EST a new daily bar is started. So you look at the previous 2 days and follow the reversal rules.
green red sell at low, red green buy at high. 50 pip TP 100 pip SL. I've been working on finding a way to maximize profits a little more, but have done just fine with the 50 pips. I'm just leaving a lot on the table, so I'm trying to tweak things and get a little more when the market is willing to give.
STOP LOSS = 10 PIPS.
RATS get off ASAP. Yale students take a little longer...LOL!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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- pablo101
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zulemara wrote:I can post charts but they really aren't necessary. At 7pm EST a new daily bar is started. So you look at the previous 2 days and follow the reversal rules.
green red sell at low, red green buy at high. 50 pip TP 100 pip SL. I've been working on finding a way to maximize profits a little more, but have done just fine with the 50 pips. I'm just leaving a lot on the table, so I'm trying to tweak things and get a little more when the market is willing to give.
Again nice trade 1:2 RR is too rich for me. Been burnt before
WAS A YALE STUDENT. Now? Let's see!
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