Power of Two System

Quoting Conftrade

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{quote} Only been in the group around a month and had a couple of coaching calls with Scott. have met a couple of guys in there and we’ve been doing some refining and backtesting. They have been trading it since it launched tho. how are you getting on with it?

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Quoting klavi6a

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{quote} Like 99% of the people in this group that have more than 2 brain cells I am not complaining. But I adjusted the KZ times, adjusted the risk/reward ratio, am trading different pairs, and also am using the dollar index a lot. I know there is no such thing as Fully Mechanical trading, no matter how much TPOT is push as such, but with some common sense I seem to make it work.... P.S> Did you change LDN KZ open time only or close too? P.S.>> Did you change NY KZ times as well? Or just LDN?

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Quoting Conftrade

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{quote} also seems to work for me. Great ideas start with a good one nope I keep close time the same and NY KZ is the same for me.

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Quoting Conftrade

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Thought I would share my backtesting results for you all. Year 2023. Started live trading this month and currently up 4% overall. Was learning the strat in Nov but the backtesting results gave me confidence for sure! My trade plan is outlined below: Pairs - EU / GU Times - LDN and NY KZ (LDN for me starts at 7am) Directional Biases - NFT, FT, SFT (no counter trading) Environment - Medium and High probability (trade both with and counter momentum) Well Priced Theory - Also implement during SFT Entry - Sweep can be ES or IS, round up +1 pip SL / 1:3R....

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Quoting FireScape

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"Power of Two" is a strategy designed for traders with limited time or those frustrated with low strike rates. This strategy focuses on two currency pairs (EUR/USD and GBP/USD) and uses two time frames (4-hour and 15-minute) for analysis. It relies on two indicators: fractal highs and lows for directional bias, and a Kill Zone indicator to identify trading opportunities during London and New York sessions. The strategy follows a simple entry model and avoids excessive complexity. By analyzing fractal highs and lows (*) on the 4-hour chart, traders...

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Quoting JustinChyke

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{quote} Thank you for this post on the power of Two. I just started studying it from yesterday. My question is: any idea if this system works well with the synthetic indices (VIX 10, VIX 75, VIX 25 and the rest), since one is required to trade in the KZs, but the indices run 24/7?

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Quoting klavi6a

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{quote} I am not familiar with VIX 10, VIX 25, VIX 50 and the rest. I have only VIX with my broker but VIX stands for "Volatility Index", does it not? If that is the case it follows the Volatility with the S&P options, right?

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Quoting JustinChyke

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{quote} Yes, it does follow. My broker is Deriv. Just wondering if the strategy can be used there.

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Quoting Biniu

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so is the topic closed or what? Nobody's here?

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Quoting nikl0718

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{quote} I am From what I can tell by initial backtests, the system does seem to hold potential. I will only be trading when momentum and directional bias (nft etc.) agrees. We'll see.. It just has to hold a +28% win rate (cos of spreads etc). EU today. Momentum down (despite 1 HH). NFT & Sweep during kz. Yes, I changed kz slightly {image}

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Quoting hamletpro

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{quote} Could you tell me your set up KZ and why did you do that? Thank you!

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Quoting nikl0718

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{quote} I am From what I can tell by initial backtests, the system does seem to hold potential. I will only be trading when momentum and directional bias (nft etc.) agrees. We'll see.. It just has to hold a +28% win rate (cos of spreads etc). EU today. Momentum down (despite 1 HH). NFT & Sweep during kz. Yes, I changed kz slightly {image}

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Quoting Schurk

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Am I doing this correct? Analyses of the 4H EUR/USD chart Do I have to wait for the 4H candle to close? As it opened two hours ago and interacted with the latest high, going counter trend. {image}

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Quoting Schurk

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Am I doing this correct? Analyses of the 4H EUR/USD chart Do I have to wait for the 4H candle to close? As it opened two hours ago and interacted with the latest high, going counter trend. {image}

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Quoting Conftrade

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Thought I would share my backtesting results for you all. Year 2023. Started live trading this month and currently up 4% overall. Was learning the strat in Nov but the backtesting results gave me confidence for sure! My trade plan is outlined below: Pairs - EU / GU Times - LDN and NY KZ (LDN for me starts at 7am) Directional Biases - NFT, FT, SFT (no counter trading) Environment - Medium and High probability (trade both with and counter momentum) Well Priced Theory - Also implement during SFT Entry - Sweep can be ES or IS, round up +1 pip SL / 1:3R....

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Quoting Schurk

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{quote} Can you please define the "Well Priced Theory"?

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