FXKRED system about 200 pips Daily on GBPJPY

Hi all, who are searching the Holy Grail,

I could not find yet, but I found a lots of things during the way...

Who is this system for?

- Who wants to learn new things, and have time to sit behind the computer for all day
- Who do not afraid of failing, but stand up and go forward until his goal.
- And finally for those who want to gentle such a beasts like GBPJPY, or Gold.
- Unfortunately the beginners need some education before

1. NinjaTrader (free)

(As I know, the only free charting system which can produce TICK based charts)
You can install here for free. (Not too easy but worth to try.)
http://www.ninjatrader.com/webnew/index.htm

2. The setup

- You will need 3 tickframe , 14 - 55 - 220 ticks based charts
- Each tickframe has the same template

The template of the tickframe:

a. Bollinger Band (144,2)
b. Daily Pivots
c. Previous day's OHLC
d. Murrey math lines
e. Tick counter
f. Stochastic overlay on chart (4,21,3)
g. T3 (9), and T3 (27) moving averages

Indicators in separate panels
h. Quick MACD (3,9,18)
i. Long MACD (18, 27, 9)
f. Williams %R (14)

And eligible windows:

1 minute GPBJPY with Signalbars
1 minute GPBUSD with Signalbars
1 minute USDJPY with Signalbars

If you installed everything correctly it looks like similar as the attachment.

I have spent a few days until I could assemble this system. Sorry, I am not a genius, but hard-working like an ant.

For those who want to spare to search the setup, I will attach the templates.

After installing NinjaTrader it prepares its subdirectory system.
Please copy the attached files into the proper subdirectory.

The base directory for data of Ninja is:
c:\Documents and Settings\YourComputerName\Documents\NinjaTrader 6.5

You can find here the necessary subdirectory:

For templates:
\templates copy the content of fxkred_temp.zip

For Indicators

\bin\Custom\Indicator copy the content of indicator.zip

For workspaces
\workspaces copy the content of FXKRED_GBP_JPY.zip

1. Why Ninja or why not MT4?

I think the tick based charts are more accurate then time based charts. I am not saying that do not works this system on time based chart, but not so accurate. That is why I left the good old MT4. Maybe if the MT5 will have the tick base feature..

2. What is the connection between the M15 timeframe and 220 Tickframe.

On the Mt4 if you pull over the mouse cursor on candlestick you can find an information :VOLUME (ticks). This is how much contract was on that pair during quarter of hour. If it is between 200-300 then the chart will be very similar to the tick based 220 chart.
Let us think about it. During the flat hours there are only 30-50 the volume of every M15 candlestick. On London open hours this number run up to 6-700 tick / candlesticks. So the price formation may slurring and not so easy to pick on.

3. What is the base theory behind the system?

The base theory is to identify when the market is oversold and overbought.

When I found it overbought I looking for sell, and vice versa when I found it oversold looking for long. (Quite original isn't it? )
All the indis and lines serve to show out this turning points.
My goal is not to get only few pips from a trend, but following price-snake (the volatility ,the turning points ) and get the pips endless. I try to swim always with mainstream not to against it.


4. Which is the base chart?

I am using the base chart of 220 as it is the nearest to the ordinary timeframe M15. It is not too long, not too short, and many use it as a base chart. (Important: mass-psychologies!!!)

Here start the trade and finish it for maximum profitability, and the smaller tickframe is for to get confirmation and "foretell" tho movement of 220.
Sometimes if I am confused (not seeing the forest from trees) I try to go up larger timeframes f.e . 880 or larger to get overlook of market.



5. What use for the T3 moving averages?

I use basically the T3(27). I do not know why works for me so good, but it is works. Maybe the Gannt magic number 9 *3 or so.
If the price under the The T3(27) best to get short (not always but mostly).
The T3(9) is the quick. If the price runs either side without crossing it I let it, and just collect the pips

6. What Use for MACD's?

There are a quick MACD which works like the little sensitive sail on the boat. It changes very quickly, but give us a precautions what MAY come next.

The long MACD is following the price very well.

Beside this the MACD Moving Average CONVERGENCE-DIVERGENCE. So we are looking for divergences between the MACD's and the price.

7. About stochastic.

It is fine tuned that way to follow the price. So if it on the top on 220, then be conscious, because soon may come a short...

8 . The Williams %R. makes the same thing as Stochastic. No to afraid of some redundancy you always need some confirmation.

9 . And finally the Bollinger Band. This is one of my favorite. Why not 20 as usual, why 144. It's maybe about Gannt, too. It works fine, so it stays.

Well if the price is below midband, then wait for stoch and %R to go top and looking for short.
If the price look out from the outer bands then can be start a trade of opposite direction if other confirmation exists. (Stoch, MACD, Murray, pivots)

The system is not simply at all. One can have to practice during weeks or months to get great results. You know I am not Sharon Stone who has more the 150IQ level, so I am just practicing day after day endless.

Hi all,

I tried to make some short video to illuminate how to use this system.
This is the first one, which show around the system.

Yes, it is in English, (Hunglish) if you are not sure

http://rapidshare.com/files/11480554...asics.swf.html

After downloading you can watch this video by Firefox (if you are installed the proper plug-ins.)

Nice Job. Would have been nice if you went over the basic buy and sell signals in your video.

Hi Tjpld,

I like your way of thinking. Your goal meets mine . I hope this system can help achieve it.

Well, this is the sample video, which shows the basic entry and exit rules. Not all, but what came into my mind.
It is redundant system gives so much signals and confirmation that you can trade very safely with it.
Many says that it is overcomplicated, KEEP it Stupid, but the FOREX itself not a simple game.

I hope I can do the evening videos at the end of days, and so there will come lots of cases I can show you how great the system handles.

Here is the video:
http://rapidshare.com/files/11485799...ading.swf.html

(By the way, any job offer as a narrator from an American tv channel ? )

HELLO FXKRED,

thanks. The english is not my languaje. Sorry.I write this line from cádiz -spain-
I will tray to understand your system. it seems very nice.
I am not Sharon Stone neither, but the principal difference is not the intelligence.

ciao

Hi daps,

I have heard that near Barcelona is short of water, I hope at Cadiz there are only pip -thirsty people
I just get to Gibraltar, Cadiz a few kilometers away.

HI FXKRED,
No, in Cadiz we don´t have this problem because we drink beer, whisky.... etc.
I saw your videos. My english is very bad (now i remember my english' teacher). Very dificult for me.
In gibraltar perhaps you can made some videos in spanish.

Be careful with the sun. Ciao

If you want to play this system successfully, you need to study the next theme.

- Convergence -divergence at MACD, Stoch, %R
- Key reversals
- Price figures
- Elliot wave
- How the Support/ resistance works

Hello fxkred
I downloaded indicators, and staffing. But in my template is not configured the stochastic chart main.
Nor are the lines murray.
I think perhaps it is possible to use MT4.

Thanks again for your system and councils. Cia

So basically you just put every single indicator you can find on the charts, then learn about every single technique there is in forex and youre set?

(sry for the sarkasm but this is unbelievably complex and I doubt it is worth it)

Hello everyone¡¡

fkred a couple of questions:
which is the MACD setting 3.9.18 or 3.10.16?
which is the setting stocastico?

thanks

Hi all, who is interested this system.

I made todays video, so can be seen how to trade on a ranging day like this the GJ with over 300 pip success

Let's enjoy it:
http://rapidshare.com/files/115129784/gj0515PM.swf.html

Well, the Ninja has a notes what indies starts with, so try to start again, or load again the indies. I think something will work.

LOL :

You are right , It is a very redundant system, some indies always show something

I started to use use the quick MACD 3,9,18 (you know it is about Gannt), but nowadays I use 3,10,16.
The stochastic is D-4,smooth-3,K-21

Hello fxkred

thanks for the video. I managed to set the platform ninja trader with your template and indicators. I still studying your system. We confess that it is sometimes difficult to follow the explanation in English but everything is possible with effort.
We encourage you to continue with the explanation of the system. forgive my vocabulary.

luck and a greeting

Yes, I think not the easiest system to learn : I have nothing to offer but blood, toil, tears and sweat. Churchill would like my system