outlandish

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

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.