2009.09.10 DRAIN THE BANKS - LIKE A RAT

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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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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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Postby TheRumpledOne » Tue Feb 08, 2011 5:53 am

These may help you have an aHA moment:

http://ensign.editme.com/t57heikin
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Using_The_Heikin_Ashi_Technique_D_Valcu.pdf
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Tue Feb 08, 2011 1:32 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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Postby buddygold » Tue Feb 08, 2011 1:56 pm

where do we get that chart?

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Postby TheRumpledOne » Tue Feb 08, 2011 3:27 pm

Image

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

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.

This is how you make 2% per day.
<-------------------------------------------------------------------->

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

Today, I am using the MO REVERSALS indicator that I coded.

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

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



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Postby buddygold » Tue Feb 08, 2011 5:06 pm

very confusing stuff. On the Mo reversal indicator, just buy when green and sell when red?
Still don't get enter WITHIN 20 pips of the daily low. buy or sell

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Postby TheRumpledOne » Wed Feb 09, 2011 12:54 am

Let's clear things up:

1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.

2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.


DRAIN THE BANKS - LIKE A RAT


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.

7) If the rules do not mention it, then it is of no concern.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby buddygold » Wed Feb 09, 2011 1:58 am

Kind of like a riddle. Sorry, but I don't get it. Do you need the chart from above with the clOp - HiCl - Cllo

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