TRO,
What timeframe is RAT reversal trade for? 5m or 15m?
I read earlier in the thread you mentioned that this is not for 5m but all your illustrative examples are off 5m charts?
Thanks. Tfg
2009.11.05 DRAIN THE BANKS - REV 9
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- TheRumpledOne
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The RAT REVERSAL TRIGGER works on any time frame.
GREEN RAT REVERSAL - LONG ENTRY CRITERIA:
1) RED CANDLE CLOSES
2) GREEN CANDLE CLOSES
3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG.
STOP LOSS IS ALWAYS 10 PIPS.
I like to use M5 when price is within 20 pips of the daily low.
GREEN RAT REVERSAL - LONG ENTRY CRITERIA:
1) RED CANDLE CLOSES
2) GREEN CANDLE CLOSES
3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG.
STOP LOSS IS ALWAYS 10 PIPS.
I like to use M5 when price is within 20 pips of the daily low.
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
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TheRumpledOne wrote:The RAT REVERSAL TRIGGER works on any time frame.
GREEN RAT REVERSAL - LONG ENTRY CRITERIA:
1) RED CANDLE CLOSES
2) GREEN CANDLE CLOSES
3) PRICE TOUCHES HIGH OF PREVIOUS GREEN CANDLE - ENTER LONG.
STOP LOSS IS ALWAYS 10 PIPS.
I like to use M5 when price is within 20 pips of the daily low.
Avery, for LONG ENTRY CRITERIA:
1) RED CANDLE CLOSES
Does the red candle needs to close within 20 pips of the daily low to be qualified as trigger i.e. if it closes over 20 pips, it should be ignored and therefore, no setup for a rat trade?
2) GREEN CANDLE CLOSES
Does it matter if the green candle close within or above the 20 pips over the daily low?
Thanks. tfg
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Let's clear things up:
1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.
2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
1) To trade like a RAT is to ALWAYS trade in ONE DIRECTION - either LONG or SHORT. Once you pick a "team", you can't switch.
2) The "within 20 pips of the daily high/low" is the BEST possible entry to get the maximum run BUT the RAT REVERSAL entry works ANYWHERE on the chart.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!
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rat price not showing
Avery, are RAT trigger prices of those blue and red lines supposed to be printing in rev9? They don't look so. See screenshot.
I 've also attached the RAT PLOT screenshot where trigger prices are properly printing. (in the rev 9 screenshot, the price 1.42895 is not printing)
Why two different templates for the RAT trades? Thanks.
tfg..
I 've also attached the RAT PLOT screenshot where trigger prices are properly printing. (in the rev 9 screenshot, the price 1.42895 is not printing)
Why two different templates for the RAT trades? Thanks.
tfg..
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TheRumpledOne wrote:jonisonvespa wrote:hi tro
really really struggling to understand this 20 pips of the daily low,
is it the low of the last session, or the last 24 hours?
why 20 pips of the low?? alot of the time price is no where near the daily low?
thanks for taking the time tro.
Go back and read the second post of this thread. The answers to your questions can be found there.
You are correct, price is no where near the daily low a lot of the time, so you WAIT. You only need 1 or 2 trades a day to hit a reasonable daily goal.
Avery, while we are waiting for the price to make new high (or low) to catch the rev9 trade in the rat zone, is there anything stopping us using the normal rat reversal triggers to profit from rat reversal opportunities in between the daily high and daily low?
Thanks. tfg
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Rev 9 is NOT a RAT trade.
Nothing is stopping you from anything.
Ask yourself what is the reason you would not want to wait for price to be within 20 pips of the daily high/low since that is the best opportunity statistically?
Nothing is stopping you from anything.
Ask yourself what is the reason you would not want to wait for price to be within 20 pips of the daily high/low since that is the best opportunity statistically?
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.
Please do NOT PM me with trading or coding questions, post them in a thread.
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