2012 DRAIN THE BANKS LIKE A RAT .... CONTINUED

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nickohorny
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Postby nickohorny » Wed Feb 08, 2012 5:08 pm

Something I was testing today... Rat trading within 20 pip zone but WITH an old school TRO buzzard reversal setup too... so after 3 or more H1 red candles looking for a green rat entry on 4th candle (a green buzzard reversal)

I like the using both on my side due to their stats!


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nickohorny
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Postby nickohorny » Wed Feb 08, 2012 5:30 pm

GBPUSD


Remora
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Postby Remora » Wed Feb 08, 2012 6:35 pm

You people posting squigglies do understand it is a crime punishable by being made to walk the plank don't ya?
Here I cut and paste for you others asking and bitching about no response, there is little response probably due to the fact it has been done to death, and questions like what is your trade cost and such, relevant? My trade cost is my trade cost what is yours?

The important part is to enter WITHIN 20 pips of the daily low. [glow=red]The RAT REVERSAL is only one entry method[/glow].

And then here

Go from here

nickohorny
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Postby nickohorny » Wed Feb 08, 2012 7:14 pm

Remora wrote:You people posting squigglies do understand it is a crime punishable by being made to walk the plank don't ya?
Here I cut and paste for you others asking and bitching about no response, there is little response probably due to the fact it has been done to death, and questions like what is your trade cost and such, relevant? My trade cost is my trade cost what is yours?

The important part is to enter WITHIN 20 pips of the daily low. [glow=red]The RAT REVERSAL is only one entry method[/glow].

And then here

Go from here


haha! I was testing out Brandx's MA Envelope, however I'm not a full time squggly brigade member!..

:oops:

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TheRumpledOne
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Postby TheRumpledOne » Thu Feb 09, 2012 2:58 pm

Image


1) Price within 20 pips of the CURRENT daily low (ClLo < 20): This is OPPORTUNITY

============================================

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.
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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BrandX
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Postby BrandX » Thu Feb 09, 2012 3:59 pm

Remora wrote: [highlight=red]and questions like what is your trade cost and such, relevant? [/highlight]


It would seem to be very relevant, because it is part of a rat trading rule.
The rule being 10 pip S.L. including spread, 3 examples;

One trader consistently gets a 1 pip spread, that's an effective 9 pip S.L. +1 spread
Second trader consistently gets a 2 pip spread, that's an effective 8 pip S.L. +2 spread
Third trader consistently gets a 3 pip spread, that's an effective 7 pip S.L. +3 spread

If TRO is at the upper range, he has an advantage over the other two traders
following his 10 pip rule. They would have to adjust their S.L. to have the same statistical advantage.

Remora
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Postby Remora » Thu Feb 09, 2012 4:35 pm

Fixed spread = theft, obviously the type of account you have will improve or worsen your spread, and as far as I know spreads need to be averaged over a set of trades. Aim for the cheapest spread you can get would be what I think, but bare in mind cheap doesn't always mean good. One way or another the broker wants paying. A goal for the second and third traders is to be getting into the top spot or higher.

Edit just not to waste anymore SPACE ha, trade cost matters whatever your method! Crazy.
Last edited by Remora on Thu Feb 09, 2012 4:54 pm, edited 2 times in total.

BrandX
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Postby BrandX » Thu Feb 09, 2012 4:40 pm

So, trade cost is relevant to the 10 pip S.L. of the rat trading rule?

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Postby TheRumpledOne » Thu Feb 09, 2012 6:31 pm

MAXIMUM RISK = 2% * ACCOUNT BALANCE.

STOP LOSS = 10 PIPS. (INCLUDING SPREAD)

POSITION SIZE = RISK / STOP LOSS.
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.

nickohorny
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Postby nickohorny » Thu Feb 09, 2012 6:33 pm

my buzzard rat reversal trade for today
3 H1 red candles in row, taking standard rat reversal WITHIN rat zone on 4th H1.


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