2009.09.10 DRAIN THE BANKS - LIKE A RAT

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SignalBender
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Postby SignalBender » Thu May 13, 2010 11:23 pm

tmanbone wrote:
Signal Bender,

You make want to look at this: http://kreslik.com/forums/viewtopic.php ... nal+bender Welcome.




A little time lag on posts, I guess. I could not find the page initially until you posted this - thanks Tmanbone/TRO. I'll check it out.

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TheRumpledOne
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Postby TheRumpledOne » Thu May 13, 2010 11:31 pm

Hey SignalBender aka TraderNumber7... been looking for you all over the net.

I have coded a few indicators to SEE what you SEE.
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.

cosmoe1
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question on Rat Rules

Postby cosmoe1 » Mon May 17, 2010 1:17 am

Hi Tro,

The question I have on Rat Rule is this.

If previous candle closes green, the candle before that one was red, the current candle is above previous close, then retraces to below close of previous candle. Is it still O.K. to place a limit buy at close of previous candle as it is retraceing. Or just wait for next set up. I always trade Rat on 5 minute chart if that matters. And price just made a new daily low.
I always put in a 10 pip SL, and a 5 pip TP.

cosmoe1

tfg
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RAT PLOT indi on the top right hand corner

Postby tfg » Mon May 17, 2010 2:49 pm



Hi, Avery, can you explain how to interpret the indicators (in TRO2010_RAT_PLOT) on the top right hand corner:

Bullish 1 (What does 1 mean in this context?)
Bearish 0 (So does 6?)
Trigger 1.4465
Stop Loss 1.4444 (Why SL is 21 pip below trigger?)

Thanks.

tfg

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TheRumpledOne
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Postby TheRumpledOne » Mon May 17, 2010 5:04 pm

The numbers are how many bars since the last signal.

Bullish signal was 1 bar ago and bearish was 6 bars ago.

If the auto trigger is used, it is set at the low of the 2 bars. You can override it by entering the number of pips for your stop loss.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Re: question on Rat Rules

Postby TheRumpledOne » Mon May 17, 2010 5:06 pm

cosmoe1 wrote:Hi Tro,

The question I have on Rat Rule is this.

If previous candle closes green, the candle before that one was red, the current candle is above previous close, then retraces to below close of previous candle. Is it still O.K. to place a limit buy at close of previous candle as it is retraceing. Or just wait for next set up. I always trade Rat on 5 minute chart if that matters. And price just made a new daily low.
I always put in a 10 pip SL, and a 5 pip TP.

cosmoe1



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.
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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trueblueTEX
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Postby trueblueTEX » Mon May 17, 2010 6:14 pm

TheRumpledOne wrote:...
If the auto trigger is used ...


Hey TRO,

What is the "auto trigger"? I looked in the Rat Plot indicator and didn't see any input called that.


THANKS
Tex

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TheRumpledOne
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Postby TheRumpledOne » Tue May 18, 2010 10:40 am

If myStopLoss input = 0, the indicator will automatically calculate the stop loss.
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trueblueTEX
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Postby trueblueTEX » Tue May 18, 2010 11:57 am

TheRumpledOne wrote:If myStopLoss input = 0, the indicator will automatically calculate the stop loss.


Ah!! I have TRO2009_RAT_Plot and not TRO2010_RAT_Plot and I see tfg mentions TRO2010.

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Postby tfg » Tue May 18, 2010 12:58 pm

Avery,

After I 've taken profit in a green rat trade, price goes back to the signal entry price. In this situation, do you re-enter for a second trade on the same candle?

tfg

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