I've heard abut it, but have you done any forward testing or used it in a live account? If so, how was the results?
One of the example kolachi gave on the original forum
Erm, kolachi used the method on live trading as u can see,
And that was the result
U can try on forward testing it, using demo
I juz found this system yesterday.. hehe
One of the things I like about this method is that the originator uses it daily, so he is constantly forward testing it.
For me the change in slope of the 5 is difficult to understand.
when is it changing or just taking a break before moving on.
If I ever get that down Ill bee "in tall cotton".
Awhile back I had some indicator which printed the slope change for EMAs, just my PC got hosed completely. Do you think EMA Angle would help?
I juz wait another candle as a "confirming indicator" resulting on gr8 profit
but yeah, Ill give it a shot....... if I had a free day
Author is very active member of our forum and he opened two threads about the system:
So no need to go too far from our forum
Hi, ran_fan06, thank you very much for sharing this system. But there are really many problems!
How to understand the 'change of slope'? Is the slope's angle equal to 0 degree? If so like this I can see a lot of time that the slope 'changes' and didn't pull back to ema21, most times it went back the original direction just from the next bar. And is this Method tell us to place trades against the trend? Isn't it so risky that we wait till the wma5 pulling back to ema21? If I enter when the slope change, then the after situation is oversold or overbought , when should I exit? It looks the Kolachi Method do not include this situation.
And this Method also didn't tell us what's the exact time to place the trades. Is it the time that the slope just change to enter, regardless the bar end or not? Or we should wait a bar closed and enter at the next bar begin?
If you have time, could you give us some details about how you treat this system? And more pictures also welcome too! Thank you very much!
Excuse me, newdigital! I haven't seen your post. Neglect my upper post, I will check the 2 threads first instead.
Yes I do think angle would help.
The problem with the 5 is, it is a quick at changing directions even during a trend, it can shake you out early or make you think of a reversal then turn back the other way.
Yet most MA systems use a 5 ma in them.
I like cornflour wait for the pullback in a trend then get in but still how do you know that the pullback isnt a reversal?
Thank you very much for posting links in this thread.In this way atleast traders would be able to keep track of posts regarding KM.
And thumbs up for running such a popular forum in a decent and efficient way.