outlandish

here you go, decompiled version: http://www.multiupload.com/33SLMGBHMG

 

please educate.

 

Nice work! Now can someone help me to get this EA to provide good results - h4 seems like the way to go.

http://rapidshare.com/files/409344215/rat_reversal.ex4

 

Please report back with results!

Sorry but I dont have the source code - it doesnt mean that it cannot be tested. The entry is stated in the first post, visual backtest to check it. The settings to change are: stop loss, take profit, maybe trailing stop/move stop at/move stop to settings. Also the start time can affect results greatly. I have found good results using the h4 on EJ, so far.

Here is an EA that does rat reversals based on the latest drain the banks method:

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.

 

 

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.

 

 

RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.

 

http://www.sendspace.com/file/4lq3ys

 

I am still working on optimization for profitable settings. Help would be appreciated.

Here is an EA that does what I asked for: http://www.sendspace.com/file/4lq3ys

 

I am still working on optimization for profitable settings. Help would be appreciated.

anytimeframe, any pairs.

Can anyone be kind enough to code this:

 

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.

 

 

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.

 

 

RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.

Does anyone want to split the cost ($100) of getting the drain the banks like a rat method automated??

 

Or, maybe somewhere her can code it? The rules are:

 

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.

 

 

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.

 

 

RED RAT REVERSAL - SHORT ENTRY CRITERIA: 1) GREEN CANDLE CLOSES 2) RED CANDLE CLOSES 3) PRICE TOUCHES LOW OF PREVIOUS RED CANDLE - ENTER SHORT. STOP LOSS IS ALWAYS 10 PIPS.

Anyone test this?

In my experience when it is that far off profitability, its a done deal. Its like trying to give the best medications to a dead person.. it will never revive him/her. I would like to be proven wrong though ;)

 

Cheers

 

I disagree. If the EA is taking trades opposite to what it should and its that far off then surely if you change the settings to what they should be, then it will give the opposite results - which would be good. I will do my upmost to prove you wrong, but like I said - it is going to take time because of my processor. On I side note, I am considering paying a programmer to automate the drain the banks system fresh.

TRO might be one of the few people who traded DTB profitably....but an EA never will

It's because the system doesn't work with a fixed TP...in this case it's SL/TP = 10/10

As TRO always says..."get whatever you can"....and that means...if it's only 1 pip, so be it.

And an EA can't do that

As far as I know TRO set's his SL to BE+3 as soon as he is 5pips in profit. If he catches a good run he sets SL to BE+10 and lets the trade run...that's how he compensates trades with less than 10 pips profits.

His main system is "Trading like a rat"...it's similar to DTB but hasn't to do with semaphores but LOD/HOD

 

 

The EA does not have to match the method exactly (he changes it himself) but as long as we can find profitable settings that is the most important thing. I read about the setting the break even at +3 and then goes on to trail the stop at 10 pips. The ea has break even and trail settings. It would be interesting to test an EA for his new "rat reversal" system, should be very easy to code.

Dont just use the default settings, it needs to be optimized! Also you should change the reversesystem and reverseatstop settings to true for it to work correctly.

Hi all,

 

Most of you have probably heard of a manual trading method called drain the banks. If not, here is a link: http://www.elitetrader.com/vb/showthread.php?threadid=160634&perpage=6&pagenumber=2

 

This EA is based on the method, but requires a good computer to test.

 

Anyone with a good computer want to give it a try?

 

Download the EA and indicator from:

 

http://www.sendspace.com/file/8ib20y

 

I recommend the GU m15 chart.

 

you should change the ReverseSystem and ReverseAtStop settings to true for it to work correctly - otherwise it will place a buy when it should place a sell and vice versa. Very slow to test for me, but the current test is profitable this year.

It doesn't take any trade. No error message. What timeframe and pair should i use?

 

You need to set both allow trading times to "true". Also it does not have a specific timeframe or currency pair. This is why I am posting it on here, so we can all work together to find the best pair and timeframe - so far I have spent a week on the GU h1 and have got good results but the drawdown is more than 20% - but there are many other settings I have not optimized because of my slow processor speed. I have ordered a VPS to test this. All help is greatly appreciated, I think this EA has great potential.

Hi.

 

Ea missing dyn_s_r.ex4 from indicators folder. The parameters is similars to Opto123 EA.

 

Thank you. I have added the indicator and re-uploaded. Please help me with the optimization.

Hi all,

 

I have found an EA that trades when dynamic support and resistance levels are broken. I have been testing it for the past week with mixed results. I can get get settings back untill 2008 but find it hard to find something consistant over a longer period of time, mainly due to the speed of my proccessor, which makes optimization take a long time.

 

Basically, you can set the EA to trade long and short and specify a buffer from the dynamic support/resistance levels that it will enter the trade. You can also change the trading times. I have included some notes with the EA that explains abit more about the settings and what to change.

 

Please give this a try because I believe that it can be a very profitable EA, it's just a matter of finding the best settings!

 

Cheers guys.

 

Download Link:

 

http://www.sendspace.com/file/m0si2j