Great technique for beginners...

[Akash]

Originally Posted by amni

Thanks Akash for shareing your system.

I followed your system yesterday in a demo account and end up with 80 PIPS, trading AUD-USD and EUR-USD.

Just to make the system bit more solid I have taken RSI into account and results were good.

Can you clarify this , "Once price crosses the KS line, either up or down,"


dont you think it should be only upwards ?

Hi,
"Once price crosses the KS line, either up or down," means that when the price comes in from below the KS line and goes up then buy. If it comes down and crosses the KS line, then sell. Have a look at the examples below, I'm sure you'll understand. If you don't, then PM me and I'll try to do a better job explaining.

Rockin' Tradin'
-Akash

[Akash]

Originally Posted by SRoberts_

LoriK,

This is my take on what Akash does;

Once the price bar crosses KS, don't necessarily place your order immediatley (but get it ready to submit if you can) and then wait for a short period of time (say one or two trading ticks) for the value to potentially retrace (hopefully by the spread amount) and then strike while the price has dipped. Of course if the price continues to head back the wrong way, well then it's time to bite your nails !

For instance I use MetaTrader 4 and do the following;

1) Wait for price to cross KS (up or down)





2) Open the new order screen, setup the order pricing (stops, profit etc) and then watch the tick chart carefully.

2a) On the tick chart if the price starts going even further in the overall intended direction then I place my order without any further delay. (I wont have covered the spread, but hopefully the price will rise high enough to cover it)



2b) If the price dips back down (retraces), as long as it's not a huge retracement, then I place my order with the benefit that I've covered the spread.

I hope this has helped, but if this isn't what other people do or what Akash intended by his comments, I'd be glad to be corrected.



Steve.
UK

I couldn't have explained it better than this .
Rockin' Tradin'
-Akash

[meisalas]

Originally Posted by SRoberts_

You need to save it your the Experts folder, not Experts\Indicators...

Thanks a lot!
I was already able to attach it to chart successfully. However, when the price touched the KijunSen line, i looked at the terminal -experts tab- and it says... KSRobot_1_2 EURUSD, M30, Error Opening BUY LIMITorder:4109, the same thing happened with the GBPUSD and USDCHF.
What could be wrong?
Thanks a bunch!

[fxquest]

The newer expert (1.3) takes care of this issue. Download the updated expert and try again

[LoriK]

I have one more question
rules
"don't enter a trade, if price hits the KS line when it goes almost vertical and the price is ranging 5-6 pips"

Meaning the when price line goes almost vertical? Or when the KS line goes horizontal? I am a little confused here.
Thanks

[rollingstone]

Means the KS line - check the chart in post #95, first no trade

[kingconnections]

Guys - I am testing this method, and I like the manual trading format, however I have a question about the robot that fxquest created. I was doing some backtesting and I came across this trade. Any way the robot enterd a sell trade when the LWMA was going up? Shouldn't that have been a buy and not a sell? This trade was a$500 buck loss, but he system ended up making $270 profit.

Thanks

[fxquest]

Hi,


Does anyone see the picture kingconnections attached? I got this message when trying to view the screenshot:


While trying to retrieve the URL: http://216.239.54.9/blogger/4438/1234/1600/bad_robot_trade2.gif

The following error was encountered:

• Access Denied. Access control configuration prevents your request from being allowed at this time. Please contact your service provider if you feel this is incorrect.

Your cache administrator is webmaster.

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