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Hello everybody,
New on this Forum...
My goal is to find the simple, easiest strategy, and yet profitable. I just have the feeling that often trader think that "the more complicated is the better". Did someone experiment the contrary ?
Regards,
>Xavier
France
Hi Xavier,
Winning in forex matters mainly on trader and system is just a minor part of it. Look at any car racing competetion. Even if all are given same cars, yet there will be only one winner. Trading is like driving which matters a lot on driver rather than traffic rules.
Having said this, trade sma21 if you can. I have found it most profitbale simple system.
kolachi
Hello everybody, New on this Forum... My goal is to find the simple, easiest strategy, and yet profitable. I just have the feeling that often trader think that "the more complicated is the better". Did someone experiment the contrary ?Regards,>XavierFrance
Hi Kolachi
Thank you for the clarification. The link is most useful.
Happy trading
Fxnumen
Hello Kolachi
I tried to checkout some threads at your site but was denied access. Is it because am a new member. Please if its an error could be kind enough to rectify it because it seems the more time I waste without learning something new about your methods the more pips I miss. As a 5month forex newbie I have neva come across any method this good. Keep the good work up.
Fxnumen
Hi Fxnumen,
This thread of fxfisherman contains more or less the same info which is contained in Kolachi Forum. The only difference is that here it is free and in Kolachi Forum there is a nominal fee of 50 USD for membership. Another difference is that here I have provided all rules and expect traders to do home work and spend enough screen time to understand their proper use. Whereas in Kolachi Forum, I have done the home work to explain all related details and provide 24/7 support and guidance. I reply daily dozens of emails from traders who are memebrs of Kolachi Forum who prefer to ask questions in email rather than posting there.
I am sorry for that fee but it is essential to keep me focussed on Kolachi Forum as well as it keeps traders serious in learning as they spend some money for learning. I have given many traders free access in the past and have learnt that anything free is not taken serious by anyone.
I assure you that i will reply all your questions here in this thread if you take time and pains to read the rules posted here and try to implement them.
kolachi
Hello Kolachi I tried to checkout some threads at your site but was denied access. Is it because am a new member. Please if its an error could be kind enough to rectify it because it seems the more time I waste without learning something new about your methods the more pips I miss. As a 5month forex newbie I have neva come across any method this good. Keep the good work up. Fxnumen
Hi Kolachi, Can you inform me the page where Template, Thanks
Weekly Performance
Month:October/November, 2007
Week:31-7th day
Equity Change: +0.00%
Pips Pefromance: +836 pips
kolachi
Note: All profit was offset with unrealized loss so equity change is zero.
Hi 911,
Please find attached with this post the template file of Kolachi Method.
kolachi
Hi Kolachi, Can you inform me the page where Template, Thanks
Hi Kolachi,
I have been following this thread for quite sometime I started a couple weeks ago, and read through all pages of it. Going through people who were trying just to downgrade the system, and people who were bringing religious biases into the spectrum. The whole time I remained neutral on every topic and was several times eager to jump to the last thread or skip a page but did not because I knew that if I did a question that I might ask may have been answered.
In any case, as has been answered many times in this thread, there is no automated way to trade this, in fact, knowing some things about programming, there are so many factors that go into this method that it would be ludicrous just to attempt such a large project.
In the beginning when you stated your method, it started on the 1 Hour of the EUR/USD then further elaborated unto most pairs and on any time frame 1 minute to 1 month. I have been doing a lot of research on this method and manual backtesting in addition to more recently live forward trading however it is very conservative in my opinion, yet still effective. But there are questions that need some answers to ensure my further success with this.
Because this is a manual trading system, I find it hard to trade on the day week and month charts, rather I would use them as a guideline of where the current long term trend is.
I understand that the 200 EMA is the central axis of this system, and that we enter the trade when the 5WMA changes slope in the direction of the 21EMA, which also happens to be in the direction of the 200EMA.
Exiting the trade is determined by two factors. If the 5WMA crosses the 21EMA then the first time the slope changes direction again we close the order. OR if the 5WMA is "repulsed" by the 21EMA exit the trade immediately.
PS I do all of my trades after closed candles, I know you spoke of teaching Senior Kolachi Traders an advanced technique of, for lack of a better term, jumping the gun, which is available exclusively to members of your private forum.
In addition to my conservative nature, for now at least, I only trade when the 5WMA begins to pullback to the 21EMA when all the Moving averages are lined up orderly, i.e. 200-100-55-21-5.
I also found that it is not wise to trade in the last few hours on friday, as the price changes its slope on almost every candle. Volatility is low.
My questions mainly have to deal with after you exit the trade, say when the 5WMA crosses the 21EMA and 55EMA, I know you said that you trade in both directions, but for a beginner would you recommend just waiting until the Moving Averages have reset their position and on the next solid signal enter the market once again? That is at least what I have been doing.
I have lots of time to look at charts and analyze them and was looking for a mechanical system to trade by when I stumbled upon the slopes of Moving Averages giving early signals for entering the market. My problem was trying to find a solid period to define my MA's and a solid strategy on exiting the market. My frequent searches led me to constantly reading forums and ultimately me spending the last month studying this method. My goal is to become a full time trader as you yourself are.
I have many other questions regarding this system, as I have been looking at it in depth and reading through this forum the general idea of the method was released for all eyes, however there are small details that one has to discover on their own(our homework as you called it). Before I decide to begin risking more money than micro lots testing your method live though, I like to know things inside and out, and not have any doubts when I make a decision. I taught CPR and first aid for a time, and there is nothing more self-humiliating then having a pupil ask you a disputed detail and you not knowing the answer. To relate this to forex, if you dont know why you did something, it can and according to Murphy's Law will result in the loss of your capital. In any case, if I am looking for specifics about the method, would you rather I post them here, or join your private forum? I am willing to do either, $50 is a price that I would pay any day for the information I seek.
I am sorry for the length of this post, but it means a lot to me, as I hoping for this to sometime in the near future be my full time job.
Thanks for any help you can give! I hope to hear from you soon!
In the beginning when you stated your method, it started on the 1 Hour of the EUR/USD then further elaborated unto most pairs and on any time frame 1 minute to 1 month.
Kolachi Method is valid on all time frames. I learnt it on 1Min chart and later on moved to higher time frames. Having successfully traded it for more than 6 months on my live account, I made it public on FF in August 2006. I deliberately mentioned 1H becuase it is the most optimum TF which can be used by various traders.
kolachi