2009.09.10 DRAIN THE BANKS - LIKE A RAT

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brownturtle
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what do you use for the low/high

Postby brownturtle » Fri Dec 16, 2011 8:21 am

to Tro and to others that may be following this strategy, what do you use as the low or high of the day? meaning that what time frame do you use to calculate this, ie high since GMT, or high since NOON, or high for the past 24 hr period.
The term DAY just needs to be clarified,
regards
Anthony

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TheRumpledOne
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Postby TheRumpledOne » Fri Dec 16, 2011 1:10 pm

Image

Image

Buy low, sell high... is it really that simple?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Re: what do you use for the low/high

Postby TheRumpledOne » Fri Dec 16, 2011 1:14 pm

brownturtle wrote:to Tro and to others that may be following this strategy, what do you use as the low or high of the day? meaning that what time frame do you use to calculate this, ie high since GMT, or high since NOON, or high for the past 24 hr period.
The term DAY just needs to be clarified,
regards
Anthony


Use the high and low of the day as provided by the D1 candle of your broker.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Pro Trader
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Postby Pro Trader » Fri Dec 16, 2011 2:36 pm

Just before London this morning

Image

Demand levels off the Daily low.... I didnt think of this before

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TheRumpledOne
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Postby TheRumpledOne » Fri Dec 16, 2011 3:10 pm

Image

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

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FxAddiction
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HELP

Postby FxAddiction » Sat Dec 17, 2011 3:40 am

Hi Everyone :)

Ohhh I've been having all sorts of drama's trying to get this to work.

I found a MTF Multicurrency Candle Map, as attached. Managed to get just the digit Volumes showing in color. Then I tried to change it to iStdDev from Volume. It has worked to a certain degree but seems to not be quiet right.
The color does'nt seem to change correctly.

I'm trying to get it to accept a custom indicator which has been sending me batty :(

I'm hoping that someone with the knowledge of how to do this can help me

Cheers

.
Attachments
MTF Currency Candles Map.JPG
MTF Currency Candles Map.JPG (28.02 KiB) Viewed 1773 times
StdDev test.JPG
StdDev test.JPG (17.89 KiB) Viewed 1773 times
MTF Currency StdDev Map test.mq4
(8.45 KiB) Downloaded 54 times
MTF Currency Candles Map.mq4
(14.09 KiB) Downloaded 47 times

kepo38
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Postby kepo38 » Sat Dec 17, 2011 1:28 pm

Image

BrandX
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Postby BrandX » Sat Dec 17, 2011 4:21 pm

@ kepo38

I hope this is in demo account.

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Postby BrandX » Sat Dec 17, 2011 7:01 pm

@ kepo38
Can you post chart and where you entered? We are in different time zones.

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Postby MightyOne » Sat Dec 17, 2011 7:23 pm

You BUY within 20 pips of the low...

I know TRO said that the important part is to enter WITHIN 20 pips of the daily low, but by "enter" he meant B-U-Y! =)

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