2009.09.10 DRAIN THE BANKS - LIKE A RAT

[TheRumpledOne]

Price within 20 pips of the daily low (ClLo <= 20) - that is OPPORTUNITY

Current price - current daily low is less than 20 pips.

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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[TheRumpledOne]

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The important part is to enter WITHIN 20 pips of the daily low. The RAT REVERSAL is only one entry method.

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"The technique is so simple that just several lessons (or a few pages of explanations) cover it all. Now what? Now the student has to practice, practice and practice again to understand what he had been taught. The teacher DOES know much more than the student, but his understanding can't be "passed", "transferred" or taught in any way -- not even by reading books."

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PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

[tmanbone]

E/G came into the zone.

[The_Snowman]

@ TRO,

Have you ever researched into using CONSTANT RANGE BARS in your trading?

I realize that a lot of your indicators are time based and would not work on a range bar chart, but seems to me that the price based indicators surely would benefit from using RANGE BARS, especially the Rat Zone.

And before everyone gets excited, yes, I searched this forum, but the search function is not as good as other forums.

Also, RANGE BARS are not Renko bars, Heikin Ashi bars, ticks bars or point & figure bars, please read this first -

http://www.investopedia.com/articles/tr ... t-view.asp

I do not have live data access right now, or I would surely be posting some charts.

And for those of you with Metatrader 4, a Constant Range Bar indicator is hard to find, but I did it, check it out here, the FREE version, don't pay for it -

http://www.surefiretradingchallenge.com ... SWWUBQHBCL

and here is how to use it, not as straight forward as just whacking it on the chart, you will see -

http://www.youtube.com/watch?v=J75KzAp11Y4

[tmanbone]

MT4 range bars are being used here:
http://kreslik.com/forums/viewtopic.php ... &start=920

[tmanbone]

TRO,

I'm curious how you get your #'s from the below figures into your expectancy formula. Expectancy = (probability of win * average win) - (probabilty of a loss * average loss) I noticed you demonstrated this over at Big Mikes but I couldn't figure out how you got the #'s. I would sincerely appreciate you demonstrating this. Thank you,

[The_Snowman]

MT4 range bars are being used here:
http://kreslik.com/forums/viewtopic.php ... &start=920

Thanks for the heads up on that, but the thread title is NINJA PLATFORM and I was asking about Metatrader 4.

Also, the charts that I see, although they mention range bars, look more like Heikin Ashi to me.

A true range bar will only have a tail at one end of the candle, because when it reaches the other end, it has fulfilled the RANGE requirement and a new candle or bar is formed.

Anyway, the question still stands and perhaps TRO will notice it sooner or later.

[tmanbone]

Check with Phil, they're all MT4 over there now.

[MightyOne]

MT4 range bars are being used here:
http://kreslik.com/forums/viewtopic.php ... &start=920

Thanks for the heads up on that, but the thread title is NINJA PLATFORM and I was asking about Metatrader 4.

Also, the charts that I see, although they mention range bars, look more like Heikin Ashi to me.

A true range bar will only have a tail at one end of the candle, because when it reaches the other end, it has fulfilled the RANGE requirement and a new candle or bar is formed.

Anyway, the question still stands and perhaps TRO will notice it sooner or later.

Remove anything from a chart but TIME!


I guess you could always set the bars to the median or average range of x period of time to simulate time but the chart would have to be constantly adjusted...or maybe an indi would do it? dunno.

[The_Snowman]

Check with Phil, they're all MT4 over there now.

Perhaps an appropriate TIME for them to start a new thread, with a new title?