2009.09.10 DRAIN THE BANKS - LIKE A RAT

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frang0nve
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Postby frang0nve » Fri Oct 16, 2009 5:17 pm

Hi TRO,

Is this a legit's rat trade?

Cheers

Francisco

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MightyOne
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Postby MightyOne » Fri Oct 16, 2009 6:19 pm

frang0nve wrote:Hi TRO,

Is this a legit's rat trade?

Cheers

Francisco

Image


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.

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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 16, 2009 7:01 pm

frang0nve wrote:Hi TRO,

Is this a legit's rat trade?

Cheers

Francisco

Image


Depends on what you are asking?

Taking the entry after the red, green, long at prev green high, then YES!

If you enter after that, then "NO", is it not an official RAT REVERSAL TRADE per se. More like an ADVANCED RAT REVERSAL TRADE. But let's NOT confuse others.

Remember, the RAT ALWAYS TURNED LEFT ( only trades in ONE DIRECTION and NEVER SWITCHES ) .
Last edited by TheRumpledOne on Fri Oct 16, 2009 7:03 pm, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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happyhappyRN
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Postby happyhappyRN » Fri Oct 16, 2009 7:02 pm

So I've been playing around with a spreadsheet. Rat trading is supposed to be about 60% win?

With 10 trades/day and SL of 10 pips/trade, I come up with needing an avg 10 pips profit/winning trade, to make my 20 pips/day. Trading lots sized for 2% acct balance risk/trade.

Does that seem right? Doable?

link to my spreadsheet
RAT earning potential

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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 16, 2009 7:15 pm

You should only need 1 - 4 trades a day.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 16, 2009 7:33 pm

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If trading off the daily bottom is profitable, what about the weekly bottom?
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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 16, 2009 7:36 pm

MightyOne wrote:
frang0nve wrote:Hi TRO,

Is this a legit's rat trade?

Cheers

Francisco

Image


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.


That sounds vaguely familiar...LOL!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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snscott
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Postby snscott » Fri Oct 16, 2009 7:42 pm

This is my "Rat Trader Command Center" I've been tinkering with over the past week. Creating a one-screen overview of "all things Rat" using modified versions of TRO's indicators.

Is this overkill? :smt103

Image

I modified the REVERSE and SCALPER indicators into a single indicator (placed 4 times across the top, covering different time periods). Whenever a yellow arrow shows up and the pair name turns Yellow, it stands out as a visual "look at me!" signal. Otherwise, colors are based on whether price is going up or down.

Indicator on the far right shows candle colors for all time periods for the specified pairs.

Again, one thng I want to EMPHASIZE here is that these are based on TRO's indicators and are not my original inventions. I added a lot of "cosmetic" adjustabilities to them, like line and column spacing and more control over fonts - but the underlying "work logic" remains the same as in TRO's original indicators (which I think, all of these are "donational").

One thing that is not showing here is the on the "Opportunity" chart in the middle, it places either a RED or GREEN pointing finger pointing to the pips (as another very visual "HEY LOOK AT ME!" signal) when the price gets within 20 pips of the highs/lows.

I've got a lot of room to spare, so maybe I'll add some more RAT-Helper indicators. :shock:

happyhappyRN
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Postby happyhappyRN » Fri Oct 16, 2009 7:45 pm

Ok. Went back and looked at my math. Fixed the spreadsheet. DOH! Now I see how about 4 trades a day could do it :smt021: Needed bigger lots for proper risk and profit.

happyhappyRN
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Postby happyhappyRN » Fri Oct 16, 2009 7:52 pm

snscott,

That is one kick-ass screen! TRO should consider including some of that back into his indicators. If you'd share.

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