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

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adrian2012
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Postby adrian2012 » Mon Jan 14, 2013 2:57 am

You know, thinking about it some more, this data is probably better suited for determining where to put one's stop loss and not trailing stop. Even with a TS of 6.5, price could shoot up by 6.5 and drop by the same amount and you'd come out with 0 pips profit.

TROs suggestion of setting a 10 pip stop on rat reversal trades would have me believe on average, I can survive 12 bars on a 5m TF on average for the GBPUSD to play the trade as best I can.

I think the better approach for determining optimal TS is to look at the average range of the 5m candles. If I know the average range is 8 pips, perhaps by setting a TS of 9 pips, I can out survive the average...

So in hindsight, I think just looking at the Average True Range for some period might be the better guide as to what the optimal TS would be...

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maddman
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Postby maddman » Sat Jan 26, 2013 10:23 pm

Tro, I don't want to sound dumb, I have looked at your indicators since 2009, however after seeing your videos on "Drain the Banks", "Trade Like a Rat" etc. in trading your style that you've developed, discovered, or re-discovered. The method that you've described all along, and from the beginning is starting to make more sense to me then ever before. The KISS (Keep it simple stupid) idea that you've put on this method into the lowest common denominator is beginning to show its little head. It's amazing that such a simple idea could be lost in translation. At least I am man enough to admit it, while others may not. Tro, please continue with the trading videos, they are not done for nothing, trust me. Currently, I am doing due diligence by testing your methods that show promise and an EDGE that could make a difference in my account.

Best Regards,

Maddman

EVASPARKLING
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RE:I NEED THIS INDICATOR

Postby EVASPARKLING » Sat Mar 09, 2013 11:26 pm

[color=#] [/color][font=Arial] [/font].Please can someone help me with the 3 level semafor indicator attached below together with the cycle identifier.Thanks for your esteemed generousity.
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forexinvest
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Postby forexinvest » Tue Apr 02, 2013 11:05 am

[quote="TheRumpledOne"]Image


Hi Tro or any forum members,

Do you know what is the reason why this picture has been posted by TRO?
I do not see any rat reversal there

forexinvest
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Postby forexinvest » Thu Apr 04, 2013 4:49 am

TheRumpledOne wrote:Image

1) Price within 20 pips of the 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.


How can I get this indicator?

thanks

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forexinvest
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Postby forexinvest » Thu Apr 11, 2013 6:24 am

I would like to ask about: "5) STOP LOSS IS 10 PIPS"

How we should apply this to brokers which provide 5 digit price for currencies, for example EUR/USD price is 1.30695, once we enter we should put stop loss 10 pips frm entering price, but in this example 10pips is one normal pip. Should we put stop loss at 1.30685 or 1.30595?

forexinvest
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Postby forexinvest » Tue Apr 23, 2013 1:17 pm

Hello,

I am heaving issues with indicator which isn't showed properly
My currencies names ending with ".arm", I have updated indicator, recomiled, restart template but without luck
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forexinvest
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Postby forexinvest » Tue Apr 30, 2013 10:33 am

I am heaving some doubts regarding MM:

A am testing right now Like a rat strategy, I am using cheapest Broker.
But to be prfitable in particular trade I need to gain at least 4 pips

Does anyone have similar issues?

lockonstratos
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Postby lockonstratos » Sun Feb 09, 2014 3:12 pm

forexinvest wrote:
TheRumpledOne wrote:Image

1) Price within 20 pips of the 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.


How can I get this indicator?

thanks


mate, if you already it, please share the info. I also need this. It doesnt show up in my graph.

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TheRumpledOne
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Postby TheRumpledOne » Fri May 02, 2014 2:49 pm

Image

Years later, still working.

GOT CHEESE?
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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