Great technique for beginners...

[Dragevo]

http://www.forex-books.com/articles/techan/ichimoku.pdf

[pippie]

Does anyone know where may one obtain the Ichimuko indicator?

[Dragevo]

You may download the MT4 here.....

http://www.strategybuilderfx.com/platform.php/

[Karsten]

I have been working on Akashs' system with the KS line. I have it boiled down to the basics, and it just seems too easy. It works almost every time. My problem is I miss 95% of the trades because I'm not awake.

All I do is look at the KS line and the 30 minute candlesticks. Every time there is at least a 15 pip move across the line, it goes for at least another 20. That's it. I use a 20 pip stop loss, but that only hits 1 or 2 times out of 10. I just go for 20 pips per trade, and I always get it if I don't get stopped. Most times it goes farther, but I am happy with my 20.

It does'nt work so well in a tight trading range(look at the last 12 hours)-no trades.

Can one of you smart guys write a auto trader for me so I don't have to wake up at midnight? I use CMSfx.

Thanks, Karsten

[GBPUSD TRADER]

Akash or any other guy practicing the system, any update on the system please?

[fxmktlgc]

That's interesting. Like many other threads, this one started with a simple (and apparently very profitable) system. But then people kept adding additional indicators and "tweaks." I lost interest until I saw this post. It's nice to see someone going back to the original idea...and it looks like you're doing very well with it!

I'll have to take a look at this. At what times do these trade setups usually occur? Late Asian and early European sessions? I'm also in the U.S., by the way.

Originally Posted by Karsten

I have been working on Akashs' system with the KS line. I have it boiled down to the basics, and it just seems too easy. It works almost every time. My problem is I miss 95% of the trades because I'm not awake.

All I do is look at the KS line and the 30 minute candlesticks. Every time there is at least a 15 pip move across the line, it goes for at least another 20. That's it. I use a 20 pip stop loss, but that only hits 1 or 2 times out of 10. I just go for 20 pips per trade, and I always get it if I don't get stopped. Most times it goes farther, but I am happy with my 20.

It does'nt work so well in a tight trading range(look at the last 12 hours)-no trades.

Can one of you smart guys write a auto trader for me so I don't have to wake up at midnight? I use CMSfx.

Thanks, Karsten

[Karsten]

Most trades seem to happen between 11pm EST and 7am EST. Sometimes there will be 8 or 10 per day. I usually will only be in no more than 2 at a time, so I let a lot of pips go by, but that doesn't bother me anymore. I'm finding the EUR and CHF work the best, but that it does work with the other US pairs. GBP and EUR/YEN need wider stops, and NZD and AUD/USD need smaller limits. If I don't have my limit after 4 hours(and I have the patience to wait) then I exit at whatever profit or loss I'm at.



Also, study the thread with the 50 wma thread. It mirrors the KS line. Sometimes, it will get you in 5-10 pips sooner. Other times, the KS will get you in sooner. I'm trying to use them to confirm each other. I'm just not going to complicate my life with any other indicators until this system doesn't work anymore.

That's all there is to say about that system. Good luck, Karsten

[andras]

Originally Posted by Karsten

I have been working on Akashs' system with the KS line. I have it boiled down to the basics, and it just seems too easy. It works almost every time. My problem is I miss 95% of the trades because I'm not awake.

All I do is look at the KS line and the 30 minute candlesticks. Every time there is at least a 15 pip move across the line, it goes for at least another 20. That's it. I use a 20 pip stop loss, but that only hits 1 or 2 times out of 10. I just go for 20 pips per trade, and I always get it if I don't get stopped. Most times it goes farther, but I am happy with my 20.

It does'nt work so well in a tight trading range(look at the last 12 hours)-no trades.

Can one of you smart guys write a auto trader for me so I don't have to wake up at midnight? I use CMSfx.

Thanks, Karsten

You may want to try VisualTrader. It has some built in trading systems, but you can build your own too.

Good luck, Andras