2009.09.10 DRAIN THE BANKS - LIKE A RAT

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JESGPY
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Postby JESGPY » Tue Oct 27, 2009 8:05 pm

Today i finally got it.

I found that when the daily high or low were pushed my trades had more success. made 35 pips in 9 trades....

Yes TRO I know i over traded, but I was practicing.
Of those 9 trades i lost 2, one of -15 and the other -13. I placed my SLs at the daily extreme as MO sugested, if the extreme was closer than 10 pips i placed it on 10 pips. Also i add the SL to my spread. So on EU where I have 2 pip spread my SL is 12.

Hope this helps others.
Any sugestions corrections are welcomed.

JUAN

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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 27, 2009 8:31 pm

"Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn't strive for perfection. It didn't search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat."

P64 HOW WE DECIDE

==========

WHAT PART OF ALWAYS DON'T YOU UNDERSTAND?
Last edited by TheRumpledOne on Tue Oct 27, 2009 9:21 pm, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Tue Oct 27, 2009 8:45 pm

Image

Template and indicators attached.

1) Make sure MetaTrader is closed.

2) Download and unzip the indicators (TR0_LOOK_AND_SEE.zip) to

C:\Program Files\your metatrader folder name\experts\indicators

2a) Download the template (rat_look_and_see_dw.tpl) to

C:\Program Files\your metatrader folder name\templates

3) Run MetaTrader

Now, you can load the template on your chart.
Attachments
TR0_LOOK_AND_SEE.zip
(14.6 KiB) Downloaded 381 times
rat_look_and_see_dw.tpl
(100.91 KiB) Downloaded 423 times
Last edited by TheRumpledOne on Wed Oct 28, 2009 11:27 am, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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pp2
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Postby pp2 » Tue Oct 27, 2009 11:56 pm

TheRumpledOne wrote:
MightyOne wrote:
TheRumpledOne wrote:Image


Don't take green rat trades below the weekly open...got it :wink:

Great idea TRO :shock:


Not exactly...

Let the price RANGE 100 - 200 pips, THEN look for the reversal...

But if you are a green rat and you see a red rat reversal trigger fire on the D1, GET OUT OF THE WAY because the RED RATS will be eating cheese for a while.


"Let the price RANGE 100 - 200 pips, THEN look for the reversal... "

Can someone help me understanding the logic of looking at range and how to use it please? Thanks.

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forrestang
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Postby forrestang » Wed Oct 28, 2009 12:01 am

pp2 wrote:"Let the price RANGE 100 - 200 pips, THEN look for the reversal... "

Can someone help me understanding the logic of looking at range and how to use it please? Thanks.


If you're a green rat, if price is BELOW the weekly open, let price move at least 100pips BELOW the weekly open before getting long.

If is elow and starts to come close to the Weekly open, wait till it goes ABOVE the weekly open to take trades.

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pip9999
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Postby pip9999 » Wed Oct 28, 2009 12:37 am

TheRumpledOne wrote:Six out of 10? You shouldn't need 6 trades a day. Look at a M5 chart and start counting from the daily low. How many green rat reversals do you need to make 10 pips? 20 pips?

I believe MO is talking about the daily high/low.


reply :

Thank you, Avery

Yes, there are more than 6 out 10 trade to make 10pips, I will test SL=10pips, TP=10pips only. Before that I using SL=10pips, TP=20pips, and found that Price Action went to +plus 5-10pips first before retrace and hit 10pips SL.

Green RAT additional Rules :

1. Opportunity 1 : Scan if Price action in within 20pips from Daily Low.

2. Waiting at M5 chart for Tro2009_Rat_Plot Buy signal, confirm by at least by M15 RAt Reverse (Green-Green-xx) and place entry on M5 Buy signal.


note :
- If H1 Rat Reverse(Red-Red-xx)--->NO Trade, or looking for Break-out
- If M15(Red-Green-xx), M30 Rat Reverse(green-Red--xx)---> No Trade (ranging market ?)

Avery, I love RAT logic---NO Thinking, Just Do It, but I believe The Rat will turn right, if out of experiences that they;ve found more Food in the right side.

Please correct me

pip9999
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Postby pip9999 » Wed Oct 28, 2009 12:56 am

pp2 wrote:
TheRumpledOne wrote:
MightyOne wrote:
TheRumpledOne wrote:Image


Don't take green rat trades below the weekly open...got it :wink:

Great idea TRO :shock:


Not exactly...

Let the price RANGE 100 - 200 pips, THEN look for the reversal...
---------------------------------------
reply :

- Yes, just check the Average Daily range of pair we've traded, if the current Price is within 20pips (?) of Average Daily Range then we can expect most of the time will reverse from Average Daily Range.(Tro had been using Weekly High/Low as Benchmark).

- If we look at Candlestick reversal pattern :
$----if V-pattern formed, Rat Reversal Method will win
#----if L-pattern formed, Rat will get trapped most of the time
#----if W-pattern formed, rat will get trapped most of the time

Cheers

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 28, 2009 2:12 am

Careful pip9999, it looks like you are working on a Yale application.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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pablo101
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Postby pablo101 » Wed Oct 28, 2009 9:54 am

Thank you pip9999 and forrestang. So who is correct then?
What line? The line that tells you which way you are trading! - MO

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 28, 2009 11:30 am

"So who is correct then?"

What is your question?
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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