2009.09.10 DRAIN THE BANKS - LIKE A RAT

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pip9999
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Postby pip9999 » Wed Oct 21, 2009 7:11 am

TheRumpledOne wrote:Let's clear things up:


3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

HOPE THAT HELPS.

------------------------

Ask :
==But The Training Wheels Signal will changing between time frame, e.g. 1H -->get ready, 15/5M--->Short Trade only, should we review Parameter setting for RAT Training Wheels Indicator, but how ? So that we can adjust Rat Training Wheels signal in accordance with our main Time frame + Entry TimeFrame, e.g. 1 H & 5 M-Entry give the same signal.(short Trade Only)

Thank you

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SpankTheBanks
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Postby SpankTheBanks » Wed Oct 21, 2009 10:39 am

procharged or anyone else, whats the name of the momo indicator that you have?, mines the one with the 'smiley' faces

aussiefx
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RAT template

Postby aussiefx » Wed Oct 21, 2009 10:45 am

Avery,

I've been following this thread for a while now and I received a bunch of RAT related indicators a few days ago but I'm about to ask what may be a very dumb question. What indicators / dashboards are you running on those screen shots you post? Could you post the template file please? If it is in this thread somewhere I've missed it completely.

Thanks again :)

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 21, 2009 12:32 pm

PROCHARGEMOPAR... YOU HAVE A PM FROM ME!!
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: RAT template

Postby TheRumpledOne » Wed Oct 21, 2009 12:34 pm

aussiefx wrote:Avery,

I've been following this thread for a while now and I received a bunch of RAT related indicators a few days ago but I'm about to ask what may be a very dumb question. What indicators / dashboards are you running on those screen shots you post? Could you post the template file please? If it is in this thread somewhere I've missed it completely.

Thanks again :)


The TEMPLATES are in the template zip file I sent you.

I am using the GOT CHEESE template.

The gauge is the TRO2000_MP_HLC_PIPS to show ClOp, HiCl, ClLo.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby TheRumpledOne » Wed Oct 21, 2009 12:37 pm

pip9999 wrote:
TheRumpledOne wrote:Let's clear things up:


3) The TRAINING WHEELS only signals LONG trades ABOVE the weekly open and SHORT trades BELOW the weekly above. This bias keeps beginning traders, as well as experienced traders, out of trouble.

HOPE THAT HELPS.

------------------------

Ask :
==But The Training Wheels Signal will changing between time frame, e.g. 1H -->get ready, 15/5M--->Short Trade only, should we review Parameter setting for RAT Training Wheels Indicator, but how ? So that we can adjust Rat Training Wheels signal in accordance with our main Time frame + Entry TimeFrame, e.g. 1 H & 5 M-Entry give the same signal.(short Trade Only)

Thank you



The TRAINING WHEELS does NOT change between timeframes because the WEEKLY calculation is HARD CODED.
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 » Wed Oct 21, 2009 12:45 pm

forrestang wrote:Yet another question on the 'Take what you can" part?

TheRumpledOne wrote:I know the feeling.

What I do is protect ME from ME.

AT +5 pips, I will be ready to bail at +3 if price pulls back.

At +10 pips, I will enter a trailing stop of 4 or 5 pips.

At +15, I will cancel the trailing stop and enter a hard stop at +10.

Then I will move the hard stop up if price moves up.

At +25, I may move the hard stop up to +25 or to a price ending in 0 or 9.

Sometimes, I may exit 1/2 of my position at +20 to lock in a 1% gain.
The idea is to be CONSISTENT. You'll miss out sometimes, but you only need ONE big run and you are done for the day.
Remember, the daily goal is 2% or more and DO NOT OVER TRADE.

How often do you catch a trade that you can stay in for a good clip? Are most of your trades typically end in 3-5 pips?

Is it fair to say that you just a trailing each move by 5 pips and locking in profit that way?


No. Reread what I wrote.
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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forrestang
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Postby forrestang » Wed Oct 21, 2009 12:53 pm

TheRumpledOne wrote:
forrestang wrote:Yet another question on the 'Take what you can" part?

TheRumpledOne wrote:I know the feeling.

What I do is protect ME from ME.

AT +5 pips, I will be ready to bail at +3 if price pulls back.

At +10 pips, I will enter a trailing stop of 4 or 5 pips.

At +15, I will cancel the trailing stop and enter a hard stop at +10.

Then I will move the hard stop up if price moves up.

At +25, I may move the hard stop up to +25 or to a price ending in 0 or 9.

Sometimes, I may exit 1/2 of my position at +20 to lock in a 1% gain.
The idea is to be CONSISTENT. You'll miss out sometimes, but you only need ONE big run and you are done for the day.
Remember, the daily goal is 2% or more and DO NOT OVER TRADE.

How often do you catch a trade that you can stay in for a good clip? Are most of your trades typically end in 3-5 pips?

Is it fair to say that you just a trailing each move by 5 pips and locking in profit that way?


No. Reread what I wrote.


Fair enough.

How about this question:
"How often do you catch a trade that you can stay in for a good clip? Are most of your trades typically end in 3-5 pips?"

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 21, 2009 3:14 pm

Image

DAILY STATISTICAL EXTREMES HAVE BEEN REACHED.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 21, 2009 4:29 pm

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



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