2009.09.10 DRAIN THE BANKS - LIKE A RAT

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TheRumpledOne
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Postby TheRumpledOne » Wed Oct 28, 2009 10:43 pm

pip9999 wrote:
TheRumpledOne wrote:Image

When you SEE price approaching the previous day's high or low, there is a good chance of getting some cheese on the breakout.

DO YOU SEE IT?


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

Avery.

D1 LOW BREAK(10)

Range 30-39 2 50%---------> this indicate that the Price action most likely(50%) will break the daily Low with breakout range 30-39pips ?

What is name of that Indicator ?

Thank you

Cheers


The (10) means the indicator counted the last 10 bars ( bars 1 - 10, current bar not included ) .

50% of the time ( last 10 bars ) the breakout range was 30 - 39 pips.

TRO2009_HLBO_COUNT_UI is the name of the DONATIONAL indicator.

Remember, you do NOT need indicators to do this.
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 28, 2009 10:45 pm

pip9999 wrote:
TheRumpledOne wrote:Image

Might be helpful to plot all of the rat triggers on the chart?!

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

Yes, since some Broker asking 10-20pips away from current price to set Buystop/Sell stop Oder, if the current price nears rat trigger & we are forced to set Market Order------>most of the time will be a losing trade.


PS. Is there any Tools to set Pending Order inside Broker spread (10-20pips away from current price) ?

Thanks


If you keep trading with FIXED SPREAD BANDITS then expect to lose when at times you could have won.

YOU SHOULD BE TRADING ON AN ECN.
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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Postby forexbob » Wed Oct 28, 2009 10:57 pm

pip9999 wrote:
------------------

Yes, since some Broker asking 10-20pips away from current price to set Buystop/Sell stop Oder, if the current price nears rat trigger & we are forced to set Market Order------>most of the time will be a losing trade.


PS. Is there any Tools to set Pending Order inside Broker spread (10-20pips away from current price) ?

Thanks


are you not already answering it 'since some brokers' ; then it is time to abandon the ship (broker). The rats leaves first , because they want to survive :-)

further when on a mt4 platform you can use a script to get your pending order in as soon as new bar opens, and use the price of previous bar high/low depending on being a green or a red rat.
made rudimentary for myself, only not sure if i should add spread to the high price.

should ask tro about that (high of previous bar + spread??)
he only can send me to Jail (eh. Yale) lol
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TheRumpledOne
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Postby TheRumpledOne » Thu Oct 29, 2009 12:37 am

You have to trade what you SEE and trade what you CAN.

If the bid price is already at the high, then you pay the spread to enter the trade.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby pablo101 » Thu Oct 29, 2009 12:47 am

TheRumpledOne wrote:
pablo101 wrote:Do you have an indi to show graphically daily open, weekly open and monthly open line please? I just found out my existing one is all wrong :(


Image

TRO_PLOT. You can plot open, high, low, close, midpoint and pivot. You can plot for any/all of the chart periods. These are controlled via inputs.

Look in the MT4 Motherlodes for TRO_PLOT.


Any indi like in my posted chart showing the open price?

Image

The problem with TRO_PLOT (my prob :)) is that you can't change the colour of different lines that are the same TF, for example weekly high is same colour as weekly open, cluttering the charts.

I guess I can manually plot for now as no big deal
What line? The line that tells you which way you are trading! - MO

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Postby pip9999 » Thu Oct 29, 2009 12:51 am

TheRumpledOne wrote:
pip9999 wrote:
TheRumpledOne wrote:Image

Might be helpful to plot all of the rat triggers on the chart?!

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

Yes, since some Broker asking 10-20pips away from current price to set Buystop/Sell stop Oder, if the current price nears rat trigger & we are forced to set Market Order------>most of the time will be a losing trade.


PS. Is there any Tools to set Pending Order inside Broker spread (10-20pips away from current price) ?

Thanks


If you keep trading with FIXED SPREAD BANDITS then expect to lose when at times you could have won.

YOU SHOULD BE TRADING ON AN ECN.


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

Thank you, Master Avery

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TheRumpledOne
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Postby TheRumpledOne » Thu Oct 29, 2009 1:04 am

TRO_PLOT has inputs to turn on/off time frames and values.

I made it so all of the colors would be the same for each time frame. High will be above the open and the open will be above the low. The latest version has line labels that you can turn on/off via inputs.

I think you can load more than one copy of TRO_PLOT and "juggle" the colors that way. One for opens, one for highs, one for lows, etc...
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TheRumpledOne
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Postby TheRumpledOne » Thu Oct 29, 2009 1:10 am

TheRumpledOne wrote:Watch and listen carefully:

http://club.ino.com/trading/2009/10/the ... l-trading/

How many myths were put forth as truisms?


Is anyone going to answer?

Are you afraid you'll get a scholarship to Yale? LOL!!
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Postby pablo101 » Thu Oct 29, 2009 1:17 am

Brilliant, I didn't realize you can put more than one indi at the same time, thank you
What line? The line that tells you which way you are trading! - MO

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Postby gfg1 » Thu Oct 29, 2009 2:07 am

TheRumpledOne wrote:Watch and listen carefully:

http://club.ino.com/trading/2009/10/the ... l-trading/

How many myths were put forth as truisms?


His #4 point: diversify into non correlated assets
His #5 filter trades, trade in direction of trend (someone here has said there is no trend)
His #6 which is similar to his #4, trade with the trend

So by my count, I get 3. Hopefully, this will not get me a Yale app.

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