2009.09.10 DRAIN THE BANKS - LIKE A RAT

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kcbnyc
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Chart EAs'

Postby kcbnyc » Sat Feb 20, 2010 2:23 am

TheRumpledOne wrote:Image

RESULTS.


TRO,

What EAs are you using on the chart? Is it a template? Are any of them included in the donationals? If not, where can I find them? Thanks!

Kirk

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Postby bredin » Sat Feb 20, 2010 4:29 am

The basic RAT template in in the thread Drain The Banks Rev 9,

There is no EA on that chart. You do not need indicators to trade the RAT, all is explained in this thread (and in DTB R9), all you have to do is read it.
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TheRumpledOne
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Re: Chart EAs'

Postby TheRumpledOne » Sat Feb 20, 2010 3:08 pm

kcbnyc wrote:
TheRumpledOne wrote:Image

RESULTS.


TRO,

What EAs are you using on the chart? Is it a template? Are any of them included in the donationals? If not, where can I find them? Thanks!

Kirk


Some of the indicators are donational in the chart above.

The FREE indicators and templates should be on the first page of this thread.

You can also find the indicators in the MT4 MOTHERLODES:

http://kreslik.com/forums/viewtopic.php?p=17490#17490

Make sure you get the latest FREE DRAIN THE BANKS REV 9 indicators/template at:

http://kreslik.com/forums/viewtopic.php ... 3d3e#29809

DRAIN THE BANKS - LIKE A RAT:

http://kreslik.com/forums/viewtopic.php?p=25593#25593

As stated, you do not need any indicators - they just make it easier:


GREEN RAT REVERSAL - LONG ENTRY CRITERIA:
1) RED CANDLE CLOSES
2) GREEN CANDLE CLOSES
3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG.
STOP LOSS IS ALWAYS 10 PIPS.


RED RAT REVERSAL - SHORT ENTRY CRITERIA:
1) GREEN CANDLE CLOSES
2) RED CANDLE CLOSES
3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Sun Feb 21, 2010 10:58 pm

TRO_HL5

Image

I have updated the TRO_HL5 indicator.

You RATS can use it to see if price is at/near daily or weekly highs for as many days/weeks as you want. All you have to do is change the inputs.

You can turn the labels off and the gauge on.


Image

You can have everything on, if you like.

Image



Image

Notice the horizontal lines start for the period you are plotting.

FREE MT4 version of TRO_HL5, including SOURCE CODE, attached.


PLEASE DO NOT POST MY CODE ON OTHER FORUMS.
Attachments
TRO_HL5.zip
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Mon Feb 22, 2010 8:37 pm

IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Tue Feb 23, 2010 2:13 pm

Image

OPPORTUNITY...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Tue Feb 23, 2010 2:51 pm

Image

RESULTS.

1) price within 20 pips of the daily low - that is OPPORTUNITY

2) red candle closes

3) green candle closes - note the high price of the green candle.

4) enter long at the green candle's high price

5) STOP LOSS IS 10 PIPS

6) Take whatever profit you can.

"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."
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby PTG » Tue Feb 23, 2010 7:50 pm

TheRumpledOne wrote:Image

RESULTS.



You copied the wrong picture: RESULTS = OPPORTUNITY :shock:
This is my new signature: "new signature".

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Postby Brookmyre » Wed Feb 24, 2010 1:03 pm

Tro

I just want to make sure I have this clear in my head. Please correct me if im wrong or inaccurate.

As this trade is a reversal from the daily extreme the trade will be against the daily candle colour, but should be with the weekly colour and ideally with the hourly at the entry....?

It can be against the weekly candle colour but it should be 100-200 pips away before considering the trade

edit: apologies, I think I should have posted this in DTB9
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Postby TheRumpledOne » Wed Feb 24, 2010 2:01 pm

Image

OPPORTUNITY...
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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