2010.09.23 A NEW RAT IS IN TOWN

[TheRumpledOne]

There are no "secret formulas" that predict the market future with 100% accuracy. IT'S THAT SIMPLE!

[iberenhaus]

TRO ... it's unclear to me which indicator is being used to show the PipEasy Green Candle Open line of 112.631. I tried to adjust the last version of TRO2010 Rat Plot. I tried changing variables on TRO_HL4 from the October Motherload. Please let me know which indicator ... and where I can find it ... donational or otherwise. Thanks, Ira

[TheRumpledOne]

TRO2010_RAT_PLOT_PE.

I have NOT released it yet.

[iberenhaus]

TRO2010_RAT_PLOT_PE.

I have NOT released it yet.

TRO, Thanks for solving the mystery. I appreciate that you got back to me so quickly. Thanks again. Ira

[Relativity]

*comes out from lurking*

Thanks TRO. This method/system finally makes a lot of sense and is very suitable for my current lifestyle. It does work very very well. I only have 3-4 hours per day to trade live, so watching M15 candles and catching a good one is obvious common sense. I am not there fully yet, but I work on improving everyday.

I am not a BSC. Computer Science/IT like you ,although I am on my way doing it part time while working full time as a IT professional using my diploma. I've done some coding on my own by learning from and modding your indicators, which I hope you do not mind.

Currently what I've is the following :
- Only trade with Week Open bias + Current Market Opens bias. This ensures trading with trend. So I mod the indicator to only draw the M15 Open lines for Green Rat if ALL the opens are heading up and vice versa for Red Rat/ALL opens heading down. Any thing else = price is ranging = NO TRADING. This REALLY keeps me out of trouble too many times.
- S/L : 10 pips = 7 pips + 2.5 pip spread
- T/P : M15 average range, which is around 14 pips for AUDUSD, EURUSD, GBPUSD. If the breakout is strong, breakeven S/L and let it run to H1/M60 average range.
- Let the current M15 candle close, then look at what the candle did to the open lines to decide on the trade entry. Do not jump to conclusions too early : this seems to cause whipsaw that runs beyond 7 to 10 pips. So I created an alarm that will ring every 15 mins to maintain discipline.

Thats pretty much about it. Trading is indeed simple.



Caught a good 30 pips just now. Using mt4 FXCM demo for charting and FXCM micro a/c to enter live trade.

[TheRumpledOne]

Sounds like you have found something that works for you... BRAVO!

[Relativity]

Opened a position. I am very surprise it beat the spread to dust immediately and went to +1.5 pip profit. Maybe I could bend the open markets rule here if the opposing market opens are against each other. Just make sure the range is huge like this? But NEVER go against weekly trend.

Lets see if this one works out to reach 13 pips T/P. Waiting.

[Relativity]

Fail. I am very impressed that the position resisted against the spread not once but 3 times. But I wouldn't want to try it again, so going back to the normal rules.

[bredin]

Relativity,

whats that timezone indi in the top right called, or can you tell me where to get it from??

cheers,
G.

[iberenhaus]

Relativity, It's unclear to me what you did based on what you wrote. You appear to want to take trades that are in the same direction as the weekly direction and the session direction (assuming they are the same). Weekly is down ... session was up. Are you using the PipEasy rule of entry (a new rat in town)? I'm not sure why you want to only trade in the weekly direction? Your only looking for 15 pips. If the system works, that's all that matters. I'm curious as to what you did. What was the trade? Did it work or not? Thanks. Ira