2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Sat Feb 05, 2011 8:54 pm

There is nothing more embedded. It is a SIMPLE display that shows the current candle color of each of the time frames.

If you are a green rat and W1 is red... you should be quick to take profit.

If H1 is red, you should wait until H1 turns green or closes unless you are experienced.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby hopearisen » Sat Feb 05, 2011 11:34 pm

Tro, thank you for guidance.

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Postby TheRumpledOne » Sun Feb 06, 2011 12:24 am

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



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Postby TheRumpledOne » Mon Feb 07, 2011 2:47 pm

Image


"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)

========================= ====================

"Now, 2 patterns of market behavior happen on a regular basis:

1) the price breaks to new high's (or low's)

2) the price reverses from new high's (or low's)

They happen regardless of time frame (with the obvious limitations explained above)

They are phenomena that can be exploited without the fear if found out by others, that they might cease to exist." - H. Rearden

=============================================

1) Price within 20 pips of the daily low (ClLo < 20): This is OPPORTUNITY

============================================

WHY ISN'T EVERYBODY DOING IT?

Most of you know I catch a lot of flak on my forums because SOME PEOPLE don't like the way I post.

One worn out argument that is used repeatedly is, "If this is so (simple, great, profitable, ), then why isn't everybody doing it?"

Simple answer is because SOYLENT GREEN is people!

We all know exercise is great, but how many actually exercise?

We all know smoking is bad, but how many do it anyway?

We all know which foods are bad for our health, but how many eat those foods?

We all know that we should save for our future and spend less than we earn but who does that?

The list is almost endless.

As long as there are people, there will always be some STUPID people and some smart people making STUPID decisions, where STUPID is defined as knowing better but acting otherwise.

Meanwhile, the RATS are still beating the Yale students.


=============================================

JANUARY 2011 MT4 MOTHERLODE HAS BEEN POSTED.

=============================================

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Soda Stereo » Mon Feb 07, 2011 7:08 pm

TRO's interview on Traderinterviews.com

Good listen followed by transcript.

http://www.traderinterviews.com/free/20 ... ROFree.php

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Postby tfg » Mon Feb 07, 2011 8:00 pm

Avery, what is the key message in the article related to RAT trading and supporting the RAT strategy?


TheRumpledOne wrote:The RAT wins.

http://articles.mql4.com/659

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TheRumpledOne
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Postby TheRumpledOne » Mon Feb 07, 2011 9:02 pm

Image

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

<-------------------------------------------------------------------->

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

<-------------------------------------------------------------------->

Trading is GUESSING. If it wasn't, you wouldn't need a STOP LOSS.

THINK ABOUT IT!!

<-------------------------------------------------------------------->

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


<-------------------------------------------------------------------->

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



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TheRumpledOne
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Postby TheRumpledOne » Mon Feb 07, 2011 9:08 pm

tfg wrote:Avery, what is the key message in the article related to RAT trading and supporting the RAT strategy?


TheRumpledOne wrote:The RAT wins.

http://articles.mql4.com/659


You tell me!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby tfg » Mon Feb 07, 2011 10:23 pm

Apart from...

- positive and stable expectancy equate profitability,

I can't see anything else very specific to RAT. Even the above is applicable arguably to any profitable trading system anyway.

Randomness, "mechanical TS not quite working", etc, again are true but not specific to RAT.

I must be missing something....


TheRumpledOne wrote:
tfg wrote:Avery, what is the key message in the article related to RAT trading and supporting the RAT strategy?


TheRumpledOne wrote:The RAT wins.

http://articles.mql4.com/659


You tell me!!

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TheRumpledOne
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Postby TheRumpledOne » Mon Feb 07, 2011 11:59 pm

How did the RAT beat the Yale students?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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