King and the 3 Musketeers System (K3M) - page 2
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Entry Rules
Entry Rules:
Chart : 1H TF
Pairs: GBP, EUR, CHF, YEN, AUD and CAD
No Trading 1 hour before Reports / News.
Do not trade during holiday period, check out the date yourself
Continual Up Trend Market:
K3M_K: Lime (longer bar)
K3M_M1: Green
K3M_M2: Green
K3M_M3: Green
Continual Down Trend Market:
K3M_K: Red (longer bar)
K3M_M1: Red
K3M_M2: Red
K3M_M3: Red
Trend Changing Market: Uptrend
EMA_Cross Signal: Green and UP Arrow
K3M_K: LimeGreen(shorter bar)
K3M_M1: Green
K3M_M2: Green
K3M_M3: Green
Trend Changing Market: Downtrend
EMA_Cross Signal: Red and Down Arrow
K3M_K: Brown(shorter bar)
K3M_M1: Red
K3M_M2: Red
K3M_M3: Red
Stop loss setting (suggestion only):
1)Set to the bar size of the previous bar
2) Minimum SL is 20
Escape if market is against you:
1) If the market did not stop out your SL wait for the second bar (bar after entry) and try to SL at break even. If not, you should stop loss before the end of second bar close. Don't have to wait for the market to stop you out.
TP (Suggestion only):
1) 2 mini lots
2) TP 1 mini lot after 10 pips profit
3) TP 2nd mini lot after20 pips profit
Regards
System
Hello yyc196
System looks interesting and profitable, Thanks for shareing your method and system
Entry Rules:
Chart : 1H TF
Pairs: GBP, EUR, CHF, YEN, AUD and CAD
No Trading 1 hour before Reports / News.
Do not trade during holiday period, check out the date yourself
Continual Up Trend Market:
K3M_K: Lime (longer bar)
K3M_M1: Green
K3M_M2: Green
K3M_M3: Green
Continual Down Trend Market:
K3M_K: Red (longer bar)
K3M_M1: Red
K3M_M2: Red
K3M_M3: Red
Trend Changing Market: Uptrend
EMA_Cross Signal: Green and UP Arrow
K3M_K: LimeGreen(shorter bar)
K3M_M1: Green
K3M_M2: Green
K3M_M3: Green
Trend Changing Market: Downtrend
EMA_Cross Signal: Red and Down Arrow
K3M_K: Brown(shorter bar)
K3M_M1: Red
K3M_M2: Red
K3M_M3: Red
Stop loss setting (suggestion only):
1)Set to the bar size of the previous bar
2) Minimum SL is 20
Escape if market is against you:
1) If the market did not stop out your SL wait for the second bar (bar after entry) and try to SL at break even. If not, you should stop loss before the end of second bar close. Don't have to wait for the market to stop you out.
TP (Suggestion only):
1) 2 mini lots
2) TP 1 mini lot after 10 pips profit
3) TP 2nd mini lot after20 pips profit
RegardsGreat system!
Do you enter after the signal bar has closed?
Entry
Great system! Do you enter after the signal bar has closed?
Hi,
I always have the habit of entering 10 to 20 seconds before bar close, so that the entry is closer to the signal entry.
Regards
K3M Indicator's
Hello yyc196, if i wanted to use this on a 15 min chart, what would the settings be for the K3M indicator's
Thanks
Hi All,
For those who don't like the 1H system I put up previously, here is another alternatives which you can try:
TF : 30M
Setting:
K3M_K: as default
K3M_M1: 14
K3M_M2: 14,3,3
K3M_M3: 14
EMA1: 5
EMA2: 34
EMA_Cross : 5, 34
The entry and exit rules remian the same.
Good Trading
visit my Blog: Sheker - Traders Helping Traders
I will try my best to update the daily performance of this system! Wait for my annoucementHello yyc196, if i wanted to use this on a 15 min chart, what would the settings be for the K3M indicator's Thanks
Hi hefftel,
I suggest you use 30 min, 15min got a lot of false trades based on my statistic.
Good Trading
K3M Indicator's
hello yyc196
Thank you for your reply i have look at 30 min and quite like it, im jus trying to test something on 15 min chart, i would like to know the optimal setting's for the indicator's on 15 min chart, its worth looking at every avenue
Thanks for your time
how about over all performance of this system ?
===================
Forex Indicators Collection
how about over all performance of this system ?
===================
Forex Indicators CollectionHello,
Indeed, if the strategy can appear good, could you show results in order to validate them and to continue the tests with your method .
Cad Trade!!!
Hi,
I have a good trade on Cad just now!!! I put the chart in my blog.
However, I still need your support to test this system.
Thanks again!!!
Regards