I would like to consult with the traders who have been using this strategy for a long time. I have been paying attention to this strategy for a considerable period and have browsed through more than 90 pages. During this time, I have also been trading on the BTCUSD pair. In the short term, it appears to be a profitable strategy, but how does one deal with strong trending markets? For example, when there is a daily increase or decrease of 20% or even 40%, it is very easy to get liquidated in such market conditions. Could you please advise on how to avoid this?
7 hours later and no reply from anyone, sad....
Anyway, you did not screenprint to support your issue or define any TF at all, so I would say.
Since you're a new beginner, Bitcoin spread is too high for the majority of retail traders, and I would NOT recommend trading this Instrument...
BUT I know humans, so I attached a 20 to 50 Ribbon Template and screenprint to guide you on the 1M TF as the Ribbon should help you stay in a trade longer and allow the exits to easier, best of luck and add screenprints in the future.
@Gringo2019 Thank you for your response. I trade Bitcoin on professional cryptocurrency exchanges, not forex platforms, so the transaction costs are manageable due to decent liquidity. While I believe trading principles apply across assets, Bitcoin's extreme volatility poses challenges – it often experiences at least two annual episodes of intraday price swings exceeding 40%. I'm particularly eager to understand how our system would handle such extreme market conditions.
@gringo2019Yes, I noticed that you're using the KOF strategy. I also watched many KOF-related videos on YouTube through this post, including the 1-minute counter-trend scalping technique (one part of the KOF strategy). You seem to be applying its trend-following trading component. Unfortunately, despite watching numerous videos, I still haven't mastered it yet.
The majority of people who have visited this Forum over the last year cannot get the KoF Strategy and System in their head either, BUT we have added a few Ribbon Templates to enable these people to learn to trend trade first as defined in the free KoF Video's. The paid video's teach you how to lose first, then trend and eventually countertrend BUT it a high risk and reward trading system as stated by Abade on page 1 post 1.
