2009.09.10 DRAIN THE BANKS - LIKE A RAT

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Soda Stereo
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Postby Soda Stereo » Fri Feb 04, 2011 3:47 pm

Lower rate of success. 52% vs 60 %

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TheRumpledOne
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Postby TheRumpledOne » Fri Feb 04, 2011 4:47 pm

An aHA moment for THE RAT!!

Image

Someone asked me about Heiken Ashi (HA) candles in the TWO PERCENT CLUB chatroom.

I told them HA candles can be profitable and stop you from over trading.

GREEN RAT HA REVERSAL - LONG ENTRY CRITERIA:

1) RED HA CANDLE CLOSES
2) GREEN HA CANDLE CLOSES
3) ENTER LONG AT OPEN OF NEXT CANDLE.

STOP LOSS IS ALWAYS 10 PIPS.


RED RAT HA REVERSAL - SHORT ENTRY CRITERIA:

1) GREEN HA CANDLE CLOSES
2) RED HA CANDLE CLOSES
3) ENTER SHORT AT OPEN OF NEXT CANDLE.

STOP LOSS IS ALWAYS 10 PIPS.

rat_post_aha template attached.
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby forexbob » Sat Feb 05, 2011 1:32 am

TheRumpledOne wrote:An aHA moment for THE RAT!!

Image

Someone asked me about Heiken Ashi (HA) candles in the TWO PERCENT CLUB chatroom.

I told them HA candles can be profitable and stop you from over trading.

GREEN RAT HA REVERSAL - LONG ENTRY CRITERIA:

1) RED HA CANDLE CLOSES
2) GREEN HA CANDLE CLOSES
3) ENTER LONG AT OPEN OF NEXT CANDLE.

STOP LOSS IS ALWAYS 10 PIPS.


RED RAT HA REVERSAL - SHORT ENTRY CRITERIA:

1) GREEN HA CANDLE CLOSES
2) RED HA CANDLE CLOSES
3) ENTER SHORT AT OPEN OF NEXT CANDLE.

STOP LOSS IS ALWAYS 10 PIPS.

rat_post_aha template attached.


Thanks for the template,

lets see if my rat is not turning left when there is NO cheese!
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Postby hopearisen » Sat Feb 05, 2011 3:41 pm

Hi Tro,
TRADE WITH THE BIAS NOT AGAINST IT
1)If the weekly/daily/hourly candle is RED then the
weekly/daily/hourly bias is DOWN.
2)If the weekly/daily/hourly candle is GREEN the
weekly/daily/hourly bias is UP.
Please,could you throw more light on this,I mean the wisdom of implementation/combination to trade with regards to tro-multimeter-candle color.
There seems to be more embedded in the multimeter_candle_ color to aid trade entry. how do you combine the indicator candle colours to trade specific green rat trade.
I am curious after watching and taking trade successfully with the combination you illustrated above with--wkly and hrly candle.

thank you

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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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Soda Stereo
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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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