2009.09.10 DRAIN THE BANKS - LIKE A RAT

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snscott
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Postby snscott » Fri Oct 16, 2009 8:22 pm

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


I'd be more than happy, and somewhat humbled to do that if he wanted them. :oops: I can't just post them here, though, because, as I mentioned, some, if not all, of them started out as DONATIONAL.

One thing I've been thinking of adding, across the board, is a "What color rat are you?" toggle you can easily flip (on any given indicator where it would make sense and add value to do so) that filters out signals that don't match your declared "color allegiance". That way, on my command center, for example, whenever an alert (hi-lite color and/or arrow) pops up, I would know immediately that it is relevant to how I have chosen to live my Rat Life.

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TheRumpledOne
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Postby TheRumpledOne » Fri Oct 16, 2009 8:26 pm

Image

I took a different approach and made a dashboard.

The Dots shows me rat reversal setups.

The Arrowheads tell me a rat reversal trade triggered.
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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Postby TheRumpledOne » Fri Oct 16, 2009 8:31 pm

Image

I also have the Rat Reversal MultiPair indicator that shows you the entry point.

But before you start using indicators and trading multiple pairs on multiple time frames, YOU NEED TO MASTER TRADING ONE PAIR ON ONE TIME FRAMES.

If you do that, you may never consider doing anything else.

DO NOT LET THE RAT BEAT YOU!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby forexbob » Fri Oct 16, 2009 8:37 pm

snscott wrote: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:


nice work thumbs up

i like the cheese
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snscott
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Postby snscott » Fri Oct 16, 2009 8:38 pm

YOU NEED TO MASTER TRADING ONE PAIR ON ONE TIME FRAMES


Oh, believe me, that exactly is what I am doing. This "Command Center" was more just to exercise my atrophying programmer muscles. Ever since I got "promoted" up to"Architect" at work, I haven't gotten to program at all - until I started looking to Forex and came across MT4.

Originally, on this screen, I only had EURUSD, EURJPY, and USDJPY - simply out of curiosity so I could watch how those three correlated with each other - but I stuck with only trading on EURSUD.

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snscott
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ARG!

Postby snscott » Fri Oct 16, 2009 8:45 pm

By the way, doesn't "Rat Trader" sound like it could have been the name of an actual PIRATE SHIP?

"OMG! Captain! There, on the horizon! It's The Rat Trader off the port bow! Ahhhhhhh! Hide the pips! Hide the pips!"

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Postby TheRumpledOne » Fri Oct 16, 2009 8:49 pm

"Unless you experience the unpleasant symptoms of being wrong, your brain will never revise its models. Before your neurons can succeed, they must repeatedly fail. There are no shortcuts for this painstaking process." (Page 54) HOW WE DECIDE
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby Patch » Fri Oct 16, 2009 9:19 pm

snscott

Love your ID icon, your Rat Command Center and your being here on Kreslik.
Thanks for your posts. Are you the Rat Cat or RC for short?

Patch
The Pirate
In VA
ENOUGH being a Yalie for me Back to the Sea. "What i can lose, i can win" "YES YOU CAN" - dragon33 -"Pick one method and one pair and stick with them until you master it. "The choice is yours - success or failure." TRO

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Postby frang0nve » Sat Oct 17, 2009 5:52 am

MightyOne wrote: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.


TheRumpledOne wrote:
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 ) .


Hello,

Thanks for your comments.

My question came because in my broker's chart, there is a doji (number 3 in the attached chart) and I want to be sure that it's not invalidating the rat setup. ( have to be adjacent green candles ?)

Anyway I took the trade (for a very small profit :roll: ) as you can see in the chart).

Cheers

Francisco

Image

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snscott
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ARGH!

Postby snscott » Sat Oct 17, 2009 7:12 am

:smt024 I do wierd stuff when I can't sleep.

Exhibit A:

Image


See how I combined the old DTB "Pirate" theme with the new Rat theme and... oh, never mind.

Ok, I said I could not sleep, I did not say I wasn't sleepy. :P

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