magiruss,
excellent trading report. next is your performance ratio....
cpfleger
excellent trading report. next is your performance ratio....
cpfleger
2
- #646
- Dec 23, 2022 12:09am Dec 23, 2022 12:09am
Hi guys! I hope you are all doing very well! Does someone know (by chance) what broker is the KoF using? I have searched over his channel but he always evades this question by saying that he uses "a bunch of them"The spread looked very nice and tight for GBPUSD in his latest Live video: {image} Thanks!
The best traders hone their skills through practice and discipline.
- #647
- Edited 12:46am Dec 23, 2022 12:23am | Edited 12:46am
{quote} Hi Abade - Not sure about the name of the broker that KOF is using; but I am using OctaFX which gives me a spread of 0.8 to 1.2 on GBPUSD and a similar one on EURUSD. Also, there is no commission and swap.
I bet they don't want people to use the standard accounts for scalping, but commisions just make it the worse option in the long run IMHO.
- #648
- Dec 23, 2022 1:30am Dec 23, 2022 1:30am
{quote} Thanks my friend! I have already tested and compared to ICM, which has slighly lower spreads in GBPUSD (as low as 0.6 to 0.8 for standard accounts), however the spread (bid/ask lines) is not showing correctly in the chart and makes scalping a bit hard/weird in their MT4/MT5 platform (they show you the lower bid/ask of a commision account instead of the "real" wider one of a standard account). I have tried to explain that to tech support but they are completely clueless. Not an issue in the higher timeframes thank god as it's just a 3 point...
All the best!!
The best traders hone their skills through practice and discipline.
{quote} Indeed True! They purposely use a higher spread for standard accounts which makes scalping weird on a 1-minute timeframe. I, anyways, have no issues with the spread showing incorrectly on my MT4. All the best!!
The entry should be at the same level as the bid! But it paints 3 points below it.
I may just ignore this visual inaccuracy as it's not a big deal anyways. However, I am still interested to know what's the preferred broker of the KoF, as it may be a better option for everybody. If somebody knows, let me know
Thanks!
I am very glad to see that people are having success with this approach, and are refining the system to their own liking and experience.
I am also preparing a refined version of the initial strategy that includes new entry cues and mechanical filters that may help you with some of the most preventable breakouts and runaways.
By watching more of the newest KoF videos I have also noticed a few things that I missed when starting this post and will update accordingly.
Everything will be backtested and demonstrated with visual examples of course. Please feel free to do the same with your own systems. Don't think that's derailing the thread purpose because, on the contraray, I think that's the most productive purpose for now
Green pips to all!
I am also preparing a refined version of the initial strategy that includes new entry cues and mechanical filters that may help you with some of the most preventable breakouts and runaways.
By watching more of the newest KoF videos I have also noticed a few things that I missed when starting this post and will update accordingly.
Everything will be backtested and demonstrated with visual examples of course. Please feel free to do the same with your own systems. Don't think that's derailing the thread purpose because, on the contraray, I think that's the most productive purpose for now
Green pips to all!
