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NEVER LOSE AGAIN!! - TheRumpledOne
Updated March 20, 2011
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NEVER LOSE AGAIN!! - TheRumpledOne
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#181 (permalink )
Tucson, AZ
Posts: 418 since Aug 2009
GBPUSD paid.
USDCAD paid.
Can you help answer these questions from other members on futures io?
Best Threads (Most Thanked) in the last 7 days on futures io
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#182 (permalink )
Tucson, AZ
Posts: 418 since Aug 2009
sam028
"I am not forcing you to accept my concepts. I only request the traders to review the market from time to time keeping in mind my concepts and if found suitable use in the trades or just ignore. Thanks for your opinion."
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#183 (permalink )
California
Posts: 87 since Jun 2009
Thanks: 5 given,
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TheRumpledOne
ok, long it is. i doubt it'll make much difference (in the long run). we'll see.
TheRumpledOne
Second thing I mentioned, MORE THAN ONCE, I know what the STATISTICS and FREQUENCY DISTRIBUTION tell me about the instruments I trade.
and what do those statistics tell you?
i'm guessing they help you pick your trigger distance (20 pips ), and your profit target.
i backtested this over a large set of trigger distances, profit targets, stop losses, MM strategies (since you don't suggest one - 'take what you can'/'let it run' aren't MM strategies). over 9 months of data, over multiple timeframes, over multiple instruments.
TheRumpledOne
actually, in that chart, the maximum trigger distance is ZERO.
apart from being short, what's wrong with this picture?
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#184 (permalink )
California
Posts: 87 since Jun 2009
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TheRumpledOne
I only request the traders to review the market from time to time keeping in mind my concepts
oh, so remind me again. what was all that crap about the rats?
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#185 (permalink )
Michigan
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus/Vision & Stage5/Vision
Trading: Futures
Posts: 40 since Jul 2009
Thanks: 22 given,
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I for one am finding the RAT strategy quite helpful.
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#186 (permalink )
California
Posts: 87 since Jun 2009
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dsherman
I for one am finding the RAT strategy quite helpful.
great! what instrument/timeframe are you trading?
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#187 (permalink )
Tucson, AZ
Posts: 418 since Aug 2009
piersh
ok, long it is. i doubt it'll make much difference (in the long run). we'll see.
and what do those statistics tell you?
i'm guessing they help you pick your trigger distance (20
pips ), and your profit target.
i backtested this over a large set of trigger distances, profit targets, stop losses, MM strategies (since you don't suggest one - 'take what you can'/'let it run' aren't MM strategies). over 9 months of data, over multiple timeframes, over multiple instruments.
actually, in that chart, the maximum trigger distance is ZERO.
apart from being short, what's wrong with this picture?
Backtesting is a waste of time.
Instead, calculate the statistics of the instrument.
Find the (daily/weekly/monthly) min, max, mean, mode and median for:
a) the wicks ( high - top and bottom - low)
b) net change ( high - open ) and ( open - low )
c) range ( high - low )
Then run a frequency distribution for "a" and "b".
Then you will know where the triggers are and where to look to take profit.
Each instrument you trade needs to be analyzed.
For example:
1) I know to look for a reversal when GBPUSD has a daily net change of 200 pips.
2) I know to look for a reversal when GBPUSD is within 20 pips of the daily low.
If 2 occurs before 1, it is riskier.
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#188 (permalink )
Tucson, AZ
Posts: 418 since Aug 2009
piersh
oh, so remind me again. what was all that crap about the rats?
If you want an intelligent answer then ask an intelligent question.
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#189 (permalink )
Tucson, AZ
Posts: 418 since Aug 2009
dsherman
I for one am finding the RAT strategy quite helpful.
Obviously, you have an open mind and you will benefit.
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#190 (permalink )
Michigan
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus/Vision & Stage5/Vision
Trading: Futures
Posts: 40 since Jul 2009
Thanks: 22 given,
18
received
piersh
great! what instrument/timeframe are you trading?
I first looked at applying this to ES, however ES is a beast with a mass psychology that requires its own set of rules. I then looked at the currencies that TRO trades. Just doing this a few days now, with range bars and with 5 minute timeframes. The fun part is creating a Ninja Strategy that runs in real time SIM mode. I think the RAT strategy is very helpful.
Last Updated on March 20, 2011
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