$500 to Freedom (500 to 5,000 in 1wk)
Member Since Oct 17, 2011
38 posts
Nov 18, 2011 at 03:36
tylerbose posted:
billion_yao posted:
Ken, thanks for your lesson. I just couldn't get it profitable as you. upset me
if i may , from my experience ken's strategy works best in M1 i don't use the 12 pip sl , i just close my trade when the stochastic cross i have an average of 80% success , the result in M5 are not that good , M15 and up are losses !
i also put his strategy in an EA , the result are good but not as good ans manual trading , i'm not that good at programming EAs i guess 😝
Thanks for your kindly advice. At least your EA works and be profitable. Do you wait for the cross in overbought and oversold area or just anywhere in M1?
Member Since Oct 17, 2011
38 posts
Nov 18, 2011 at 03:40
I also looked into FAPTURBO, I think they are using same or similar system. My problem is the trend just keeps going when a cross appears in overbought/oversold area and then hits the sl. More effort needed to find signal accurately. 😞
Member Since Nov 02, 2011
57 posts
Nov 18, 2011 at 12:51
Tommy
when you get the cross in 1min, Let's say it is a short play, check your 5 & 15min charts, if the Stoch is still peg'ed at the bottom the down trend may continue (may/not will) so wait till Stoch is obove 20 live before a buy, or just wait for another trade.
Tyler
Most ea's place the trade at the beginning of the next bar, If you can program it to place the trade when it happens you might get better results.
Good luck guys
Ken--TheForexFox
when you get the cross in 1min, Let's say it is a short play, check your 5 & 15min charts, if the Stoch is still peg'ed at the bottom the down trend may continue (may/not will) so wait till Stoch is obove 20 live before a buy, or just wait for another trade.
Tyler
Most ea's place the trade at the beginning of the next bar, If you can program it to place the trade when it happens you might get better results.
Good luck guys
Ken--TheForexFox
Trade the plan that works for you!!
Member Since Nov 06, 2011
9 posts
Nov 18, 2011 at 15:14
Tommy Yao,
If I might add something to your comment in this great thread, look for the formation of divergence on the Stochastic Oscillator whether it be bullish or bearish regular divergence. This will get you the winner you are looking for, as you learn Ken's great system ;)
https://www.myfxbook.com/members/FXTrendWorX/fxtrendworx/187638/6VIYe796ogHDK6Wh3RnX
If I might add something to your comment in this great thread, look for the formation of divergence on the Stochastic Oscillator whether it be bullish or bearish regular divergence. This will get you the winner you are looking for, as you learn Ken's great system ;)
https://www.myfxbook.com/members/FXTrendWorX/fxtrendworx/187638/6VIYe796ogHDK6Wh3RnX
Member Since Nov 02, 2011
57 posts
Nov 18, 2011 at 17:04
Thank you FX
I didn't want to go into the diverence aspect of the trade on top of just getting everyone to learn and practice the basics.
I was hopeing durning practice they would pick that up. I guess you have already picked that part up, Well Done.
I see your going slow and steady in your trading, Nice job.
Ken-TheForexFox
Slow and Sure
I didn't want to go into the diverence aspect of the trade on top of just getting everyone to learn and practice the basics.
I was hopeing durning practice they would pick that up. I guess you have already picked that part up, Well Done.
I see your going slow and steady in your trading, Nice job.
Ken-TheForexFox
Slow and Sure
Trade the plan that works for you!!
Member Since Oct 17, 2011
38 posts
Nov 21, 2011 at 01:12
Thank you both Ken and Trendworks. I will have to do more practice and get more understanding of turning pt of stoch.
😀Thanks for sharing.
😀Thanks for sharing.
Nov 21, 2011 at 13:15
Hi All,
I think I get the base of the strategy, but the information is really distributed throughout several posts. Can someone take a screenshot of a trade and give a step-by-step definition of what he does:
1) Entry
2) Stop Loss, Take Profit
3) Trade Management
4) Exit
And as I'm a visual person really please take a screenshot.
Really appreciated.
In return I can create a Trade Station indicator for you so that you can scan the Currency Pairs on the dashboard for the entry signal. Free of charge and with good description.
Regards,
Tamas
I think I get the base of the strategy, but the information is really distributed throughout several posts. Can someone take a screenshot of a trade and give a step-by-step definition of what he does:
1) Entry
2) Stop Loss, Take Profit
3) Trade Management
4) Exit
And as I'm a visual person really please take a screenshot.
Really appreciated.
In return I can create a Trade Station indicator for you so that you can scan the Currency Pairs on the dashboard for the entry signal. Free of charge and with good description.
Regards,
Tamas
Member Since Nov 02, 2011
57 posts
Nov 21, 2011 at 17:11
A short trade-- Notice how the blue (trigger) line crossed on both Stoch, and I waited until the blue also crossed on the Macd.
Hope this helps.
Ken--TheForexFox
Attachments:
Trade the plan that works for you!!
Member Since Oct 17, 2011
38 posts
Nov 23, 2011 at 05:58
Nice, but it is a M1 chart and you did not wait for the 5,3,3 stoch crosses in the 80 field, instead, you used the 8,5,5 stoch?🙄
Member Since Nov 02, 2011
57 posts
Nov 23, 2011 at 09:37
Good day Tommy
I believe I have said this before, The Stoch can cross anywhere before the 20 in a short trade
and before the 80 in a long trade.
Ken--TheForexFox
I believe I have said this before, The Stoch can cross anywhere before the 20 in a short trade
and before the 80 in a long trade.
Ken--TheForexFox
Trade the plan that works for you!!
Nov 23, 2011 at 13:16
Hi Ken,
Thanks for the picture. Now it is getting more clear. I will try to back-search some charts on my end.
This looks good. Though it would be better if it had a wiki page and people add to your strategy their modifications.
Regards,
Tamas
Thanks for the picture. Now it is getting more clear. I will try to back-search some charts on my end.
This looks good. Though it would be better if it had a wiki page and people add to your strategy their modifications.
Regards,
Tamas
Member Since Nov 02, 2011
57 posts
Nov 24, 2011 at 12:48
you are all welcome, Just demo,demo demo please
Only risk what you can flush down the toilet.
Ken--TheForexFox
Only risk what you can flush down the toilet.
Ken--TheForexFox
Trade the plan that works for you!!
Member Since Nov 02, 2011
57 posts
Nov 25, 2011 at 16:37
Ok everybody Now I'm going to show youwhy you should have good money management, what not to do (It's a demo account)
High pips , bad $$ management
High pips , bad $$ management
Trade the plan that works for you!!
Nov 26, 2011 at 10:39
Hi Ken, I have been following your system and I have some doubts, which I hope you can solve:
To make entries in one BUY, according to instructions would do the following:
1.Watch the MACD (12,26,9) in 1 Min, 5 Min and 15 Min, blue on red.
2.stochastic (5,3,3 exponential, high/low) in 1 Min, stochastic (simple 8,3,3, closing/closing) approx 20.
3.MACD 1 Min blue on red
4.send a BUY.
How and when you put SL?
could you send me the configurations of all indicators that you use?
I am making a EA with all the date, if I can do it, I´ll send you for test it.
p.d. I am spanish and i used a translator for write this coment, sorry and thanks.
To make entries in one BUY, according to instructions would do the following:
1.Watch the MACD (12,26,9) in 1 Min, 5 Min and 15 Min, blue on red.
2.stochastic (5,3,3 exponential, high/low) in 1 Min, stochastic (simple 8,3,3, closing/closing) approx 20.
3.MACD 1 Min blue on red
4.send a BUY.
How and when you put SL?
could you send me the configurations of all indicators that you use?
I am making a EA with all the date, if I can do it, I´ll send you for test it.
p.d. I am spanish and i used a translator for write this coment, sorry and thanks.
letehuelva@
Member Since Nov 02, 2011
57 posts
Nov 26, 2011 at 13:46
Hola Lete
En primer lugar, olvídate de la tabla de 15 minutos al entrar en un comercio.
Ver todo el contenido del 1min
Cuando la brecha estocástico cruz y te en el MACD se ha vuelto más pequeño, y luego introduzca.
Nosotros usamos los plazos otros mientras estamos en el comercio, para ver si la tendencia puede continuar.
Esperamos que la ayuda y buena suerte.
Ken - TheForexFox
PD También se utiliza un traductor
En primer lugar, olvídate de la tabla de 15 minutos al entrar en un comercio.
Ver todo el contenido del 1min
Cuando la brecha estocástico cruz y te en el MACD se ha vuelto más pequeño, y luego introduzca.
Nosotros usamos los plazos otros mientras estamos en el comercio, para ver si la tendencia puede continuar.
Esperamos que la ayuda y buena suerte.
Ken - TheForexFox
PD También se utiliza un traductor
Trade the plan that works for you!!
Member Since Nov 02, 2011
57 posts
Dec 02, 2011 at 01:52
tylerbose posted:
billion_yao posted:
Ken, thanks for your lesson. I just couldn't get it profitable as you. upset me
if i may , from my experience ken's strategy works best in M1 i don't use the 12 pip sl , i just close my trade when the stochastic cross i have an average of 80% success , the result in M5 are not that good , M15 and up are losses !
i also put his strategy in an EA , the result are good but not as good ans manual trading , i'm not that good at programming EAs i guess 😝
Hey Tyler where's my copy of the EA you made,? Haha
Trade the plan that works for you!!
Member Since Oct 17, 2011
38 posts
Dec 10, 2011 at 11:17
Ken, how are you going?
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