2009.09.10 DRAIN THE BANKS - LIKE A RAT

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RemiCartier
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby RemiCartier » Sat Jun 03, 2017 1:48 pm

Hey TRO,

first of all thanks for all your work, it is really appreciated !

I am making an indi for the RAT race to verify if I understood correctly all the rules.
I have added 1 which is : the difference between high & low of the day has to be at least 2x20 pips.

I often see situation where the high keep on being higher & the low keep on being lower.
How do you deal with those situation ?

If you check the screenshot, the red squares mean price that need to be broken lower to enter a position.
Some don't get triggered.
Some get triggered by less than a pip and if sl is above the high (small blue circles) it generates many rather large losses.

Do you use some kind of bias ? Because I tried w1/d1/h1 bias and then all the signals are gone ...

thanks for your help !

EDIT: Just re-read part of the thread and I see you're using last 24 H1 bars for high/low I am testing it now, seems better

Screen Shot 2017-06-03 at 9.40.16 AM.png
Screen Shot 2017-06-03 at 9.40.16 AM.png (173.62 KiB) Viewed 3158 times

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Sun Jun 04, 2017 1:12 am

RemiCartier wrote:Hey TRO,

first of all thanks for all your work, it is really appreciated !

I am making an indi for the RAT race to verify if I understood correctly all the rules.
I have added 1 which is : the difference between high & low of the day has to be at least 2x20 pips.

I often see situation where the high keep on being higher & the low keep on being lower.
How do you deal with those situation ?

If you check the screenshot, the red squares mean price that need to be broken lower to enter a position.
Some don't get triggered.
Some get triggered by less than a pip and if sl is above the high (small blue circles) it generates many rather large losses.

Do you use some kind of bias ? Because I tried w1/d1/h1 bias and then all the signals are gone ...

thanks for your help !

EDIT: Just re-read part of the thread and I see you're using last 24 H1 bars for high/low I am testing it now, seems better

Screen Shot 2017-06-03 at 9.40.16 AM.png


No need to reinvent the wheel.

The TRO RAT ZONE indicator is free. Just download it.
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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RemiCartier
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby RemiCartier » Sun Jun 04, 2017 1:34 am

Hey TRO, thanks for the response.
But it doesn't answer my question, how do you usually deal with price keeping on going higher than the high or lower than the low ?
In my previous screenshot, the high was being busted again & again, so entering short within 20 pips would give some losses.
After a loss because high broken, do you stop trading for a little while ? do you use some other trigger to enter ?
If this post of yours : therumpledone/2009-09-10-drain-the-banks-like-a-rat-t2095/page4210#p103696 there was an initial high of the day that was busted, you might have had time to get 5 pips down, but I have seen couple of scenarios where price doesn't get the chance to make 5 pips.
Other sub question was, if you use W1/D1/H1 bias to take trade, most of my signals disappeared.
In the same screenshot of yours I mentioned above, you're showing a short zone but d1/w1 bias is bullish.
I am confused.
Can you shed some light on the 'real' bias used here if any ?
thanks for your time !

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Sun Jun 04, 2017 3:54 pm

RemiCartier wrote:Hey TRO, thanks for the response.
But it doesn't answer my question, how do you usually deal with price keeping on going higher than the high or lower than the low ?
In my previous screenshot, the high was being busted again & again, so entering short within 20 pips would give some losses.
After a loss because high broken, do you stop trading for a little while ? do you use some other trigger to enter ?
If this post of yours : therumpledone/2009-09-10-drain-the-banks-like-a-rat-t2095/page4210#p103696 there was an initial high of the day that was busted, you might have had time to get 5 pips down, but I have seen couple of scenarios where price doesn't get the chance to make 5 pips.
Other sub question was, if you use W1/D1/H1 bias to take trade, most of my signals disappeared.
In the same screenshot of yours I mentioned above, you're showing a short zone but d1/w1 bias is bullish.
I am confused.
Can you shed some light on the 'real' bias used here if any ?
thanks for your time !


Move up a time frame or 2 if you are having problems. Try H1 or H4. Remember the rule of thumb - DO NOT TRADE AGAINST THE H1 CANDLE COLOR.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby RemiCartier » Sun Jun 04, 2017 5:47 pm

excellent, I will add this to my indi.
I have built an EA around that indi, enter 1 pip above/below entry point 10 pips sl, 5 pips tp on M15 with H4 bias.
I am running this on pairs with spread less than 2 pips.
We will see what kind of stats I can get from this little experiment :)
I see you made a ton of indi, but not EA ?
Any reasons for this ?
Thanks again, cheers !

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Jun 05, 2017 3:21 pm

EURUSDM15.png
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IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Mon Jun 05, 2017 3:22 pm

RemiCartier wrote:excellent, I will add this to my indi.
I have built an EA around that indi, enter 1 pip above/below entry point 10 pips sl, 5 pips tp on M15 with H4 bias.
I am running this on pairs with spread less than 2 pips.
We will see what kind of stats I can get from this little experiment :)
I see you made a ton of indi, but not EA ?
Any reasons for this ?
Thanks again, cheers !


Yes, as I have explained before, there are too many things that can go wrong with automated trading and that is why I do not give out automated code.
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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RemiCartier
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby RemiCartier » Tue Jun 06, 2017 1:06 am

I can understand, however you're not responsible for what others are doing with your toys !
the RAT EA took some trades, but for some reason some were counter to the signal, I will need to check that a bit better !
Thanks again for your work, I will go through your material !
Cheers.

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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Wed Jun 07, 2017 6:27 pm

EURUSDM15.png
EURUSDM15.png (53.9 KiB) Viewed 3033 times
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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TheRumpledOne
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Re: 2009.09.10 DRAIN THE BANKS - LIKE A RAT

Postby TheRumpledOne » Thu Jun 08, 2017 2:19 pm

EURUSDM15.png
EURUSDM15.png (58.49 KiB) Viewed 3054 times
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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