The Little Kitten System | Forex Factory

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The Little Kitten System

  • #1
  • First Post: Nov 8, 2022 1:36am Nov 8, 2022 1:36am
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If you watch a kitten, it will jump up and down frequently, funny and makes us to watch eagerly.

Just like the system is.....So i named the system like that.

This is a simple trading system using Ema and Volume.

Use MT4 trading software.
you can scalp as much you need.

Trade setup all that you need is EMA 14
Volume indicator
Zigzag (optional )

TF: 5 mts & 15 mts
Attached Image (click to enlarge)
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  • #2
  • Nov 8, 2022 7:39am Nov 8, 2022 7:39am
Using Volume in a perfect manner can reap good pips.
Volume includes open interest whenever there is an higher volume
than previous bar then changes color.
This is very good confirmation for enter in the market.

Rules for enter into the market.

For Buy :

Wait for the candle close above the 14 EMA.
Now check the Volume bar if it is higher than previous bar then it is gud confirmation
Buy at very next candle open
Stoploss recent low.

For Sell :
viceversa
  • #3
  • Nov 8, 2022 11:26pm Nov 8, 2022 11:26pm
Hi bala5855,
Thank u for sharing your strategy.
Can u explain how to exit, and take profit?
Thanks for reading and look forward to hearing from u!
  • #4
  • Nov 8, 2022 11:39pm Nov 8, 2022 11:39pm
See the trading method is trendline break. If you find the opposite trendline break or 14 EMA cross the bearish candle, then exit or fix a range of pips for every time frame.
  • #5
  • Nov 9, 2022 11:15pm Nov 9, 2022 11:15pm
Quoting bala5855
Using Volume in a perfect manner can reap good pips. Volume includes open interest whenever there is an higher volume than previous bar then changes color. This is very good confirmation for enter in the market. Rules for enter into the market. For Buy : Wait for the candle close above the 14 EMA. Now check the Volume bar if it is higher than previous bar then it is gud confirmation Buy at very next candle open Stoploss recent low. For Sell : viceversa

I will forward test your strategy, and will post result here
  • #6
  • Nov 10, 2022 2:24am Nov 10, 2022 2:24am
One more entry profit with 130 pips
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  • #7
  • Nov 10, 2022 2:27am Nov 10, 2022 2:27am
Profit with 60 pips...
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  • #8
  • Nov 10, 2022 1:20pm Nov 10, 2022 1:20pm
Quoting bala5855
Profit with 60 pips... {image}
Please can you upload your volume indicator?

Thanks
  • #9
  • Nov 10, 2022 11:43pm Nov 10, 2022 11:43pm
go back test on ranging days and see how you slowly bleed out

then ask yourself why is the magic number 14? maybe it is 15,16,17.....
  • #10
  • Nov 11, 2022 12:51am Nov 11, 2022 12:51am
you're system is to risky .moving average based on price average but price worked on supply and demand flow.
  • #11
  • Nov 11, 2022 1:29am Nov 11, 2022 1:29am
Drawdowns hit by whipsaw is going to kill
  • #12
  • Nov 12, 2022 12:47am Nov 12, 2022 12:47am
The first tests of this system are interesting but I use a 20 Mov Average and not 14
  • #13
  • Nov 13, 2022 8:35am Nov 13, 2022 8:35am
Quoting aelimian
{quote} Please can you upload your volume indicator? Thanks

The Volume indicator already in mt4 indicator section. I just customized it for my convenience.
There will be two colors, Green and Red. Green represents high volume of the candle. Then red is for low volume
you just make the green candle thicker than red one and make it bright color for clear vision.
  • #14
  • Last Post: Nov 13, 2022 8:57am Nov 13, 2022 8:57am
Quoting Bicarus
go back test on ranging days and see how you slowly bleed out then ask yourself why is the magic number 14? maybe it is 15,16,17.....
Hi Bicarus,

This System is purely based on trend line breakout system,
See 14 SMA is an early short term trend line break out indicator and 50 SMA indicates Long term break outs.
And Simply saying 200 SMA indicate longer term breakouts.

If you want further confirmation then use MACD default set-up.
The following image will makes it very clear.
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