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KISS method, why the hard way?

  • #1
  • First Post: Aug 31, 2007 5:27am Aug 31, 2007 5:27am
KISS = Keep it Simple Stupid

I used this system for about a year now, after trying so so many mechanical and intuition systems, I said it's simple, so I'm gonna crack it into (X) simple steps:

1. Set your 15M, 1H, 4H charts containing (Price Chart, RSI 14, Slow Stochastic, Bollinger Bands)

2. Draw a trendline on the RSI (on all charts, usually considering 1H the most)

(lower slope RSI trendline results in higher accuracy rates)

3. When RSI breaks the trendline with at least one completed bar, the direction is confirmed, the price will follow the RSI direction shortly or after some bars (usually 5-10)

4. Use the Stochastic Oscillator on the 15M chart just to fine-tune the entry.

5. Bollinger Bands and Fibos are used as supportive add-ins to assure the direction.

6. Stoploss: (50 pips), target: (40 to 100+) pips

Notes:

* I've tested this system on almost 500 live trades, and it resulted in almost 80% accuracy

* Try doing a hindsight analysis, so you can get an overview of how it works.

* It involves some little part of intuition (or maybe market sense)

* Will show examples later today.
  • #2
  • Aug 31, 2007 7:43am Aug 31, 2007 7:43am
Hi Meedo,

The RSI trendline is different on all timeframes and breaks at a different time (it seems).

Do I understand you to give preference to the 1H?

Thanks
  • #3
  • Aug 31, 2007 8:29am Aug 31, 2007 8:29am
Hi

please post charts

and what is your settings
ie, the stoch

TEB
  • #4
  • Aug 31, 2007 8:32am Aug 31, 2007 8:32am
if you consider RSI + Stochastic + Bollinger Bands + 3 TFs + Trendlines is a KISS system

then excuse moi brother
  • #5
  • Aug 31, 2007 8:47am Aug 31, 2007 8:47am
Quoting benssol
if you consider RSI + Stochastic + Bollinger Bands + 3 TFs + Trendlines is a KISS system

then excuse moi brother
Same Whore .... Different Dress
  • #6
  • Aug 31, 2007 10:51am Aug 31, 2007 10:51am
Quoting meedo29
KISS = Keep it Simple Stupid

I used this system for about a year now, after trying so so many mechanical and intuition systems, I said it's simple, so I'm gonna crack it into (X) simple steps:

1. Set your 15M, 1H, 4H charts containing (Price Chart, RSI 14, Slow Stochastic, Bollinger Bands)

2. Draw a trendline on the RSI (on all charts, usually considering 1H the most)

(lower slope RSI trendline results in higher accuracy rates)

3. When RSI breaks the trendline with at least one completed bar, the direction is confirmed, the price will follow the RSI direction shortly or after some bars (usually 5-10)

4. Use the Stochastic Oscillator on the 15M chart just to fine-tune the entry.

5. Bollinger Bands and Fibos are used as supportive add-ins to assure the direction.

6. Stoploss: (50 pips), target: (40 to 100+) pips

Notes:

* I've tested this system on almost 500 live trades, and it resulted in almost 80% accuracy

* Try doing a hindsight analysis, so you can get an overview of how it works.

* It involves some little part of intuition (or maybe market sense)

* Will show examples later today.


Used your system today and made 210 pips .IT WORKS!!! Thanks for sharing this .
  • #7
  • Aug 31, 2007 10:54am Aug 31, 2007 10:54am
Correction: Meebo = Meedo

  • #8
  • Aug 31, 2007 10:56am Aug 31, 2007 10:56am
Which pair did you trade?
  • #9
  • Aug 31, 2007 10:58am Aug 31, 2007 10:58am
Quoting billbss
Which pair did you trade?
As usual GBP/JPY
  • #10
  • Aug 31, 2007 11:00am Aug 31, 2007 11:00am
Gee,
My broker has run me out of business on that pair.
IBFX has raised the spread to 11-20 pips.
  • #11
  • Aug 31, 2007 11:03am Aug 31, 2007 11:03am
Quoting billbss
Gee,
My broker has run me out of business on that pair.
IBFX has raised the spread to 11-20 pips.
  • #12
  • Aug 31, 2007 12:47pm Aug 31, 2007 12:47pm
6.5 PIP at Oanda for the GBP/JPY
Same Whore .... Different Dress
  • #13
  • Aug 31, 2007 4:36pm Aug 31, 2007 4:36pm
Quoting meedo29
KISS = Keep it Simple Stupid

I used this system for about a year now, after trying so so many mechanical and intuition systems, I said it's simple, so I'm gonna crack it into (X) simple steps:

1. Set your 15M, 1H, 4H charts containing (Price Chart, RSI 14, Slow Stochastic, Bollinger Bands)

2. Draw a trendline on the RSI (on all charts, usually considering 1H the most)

(lower slope RSI trendline results in higher accuracy rates)

3. When RSI breaks the trendline with at least one completed bar, the direction is confirmed, the price will follow the RSI direction shortly or after some bars (usually 5-10)
Clarification. when you mean trend lines do you mean levels or what? when I setup my RSI it justs draws the squiggly line, is that what you mean by the trend line, or what. can you post pictures so we can see what you are talking about?
Quote

4. Use the Stochastic Oscillator on the 15M chart just to fine-tune the entry.

5. Bollinger Bands and Fibos are used as supportive add-ins to assure the direction.

6. Stoploss: (50 pips), target: (40 to 100+) pips

Notes:

* I've tested this system on almost 500 live trades, and it resulted in almost 80% accuracy

* Try doing a hindsight analysis, so you can get an overview of how it works.

* It involves some little part of intuition (or maybe market sense)

* Will show examples later today.

  • #14
  • Aug 31, 2007 7:26pm Aug 31, 2007 7:26pm
Hi guys, It seems I spent too much time hangin' out tonight...

I'll start answering every post in order,


Quoting billbss
Hi Meedo,

The RSI trendline is different on all timeframes and breaks at a different time (it seems).

Do I understand you to give preference to the 1H?

Thanks


Most times RSI breaks the trendline at the same point on every timeframe, because you've drawn the trendline to the same major troughs or peaks at the same prices...

I prefer 1H trendlines breakouts, because it's much safer than the 15M, and if you waited for a complete bar on the 4H chart, that might mean some pips lost till you have a signal...

But, I refer to the 4H to make sure if the trend is going to continue "Cut your losses, and let your profits RUN"...


http://img205.imageshack.us/img205/4...py1hoj8.th.jpg
  • #15
  • Aug 31, 2007 7:29pm Aug 31, 2007 7:29pm
Quoting TEB63
Hi

please post charts

and what is your settings
ie, the stoch

TEB

As you can see in the last chart, Stochastic settings are the default ones, given that I use exponential method instead of simple.
  • #16
  • Aug 31, 2007 7:32pm Aug 31, 2007 7:32pm
Quoting benssol
if you consider RSI + Stochastic + Bollinger Bands + 3 TFs + Trendlines is a KISS system

then excuse moi brother

I once used a system with 9 indicators, whenever 5 are heading together, I would enter...

So, I might call this system simple...
  • #17
  • Aug 31, 2007 7:34pm Aug 31, 2007 7:34pm
Quoting Arbit007
Used your system today and made 210 pips .IT WORKS!!! Thanks for sharing this .

You're welcome...
  • #18
  • Aug 31, 2007 7:41pm Aug 31, 2007 7:41pm
Quoting meedo29
Hi guys, It seems I spent too much time hangin' out tonight...

I'll start answering every post in order,






Most times RSI breaks the trendline at the same point on every timeframe, because you've drawn the trendline to the same major troughs or peaks at the same prices...

I prefer 1H trendlines breakouts, because it's much safer than the 15M, and if you waited for a complete bar on the 4H chart, that might mean some pips lost till you have a signal...

But, I refer to the 4H to make sure if the trend is going to continue "Cut your losses, and let your profits RUN"...


http://img205.imageshack.us/img205/4...py1hoj8.th.jpg
OK, we've broken the trendline.

Now show us how you enter using the 15M stochastic.

Thanks
  • #19
  • Aug 31, 2007 7:43pm Aug 31, 2007 7:43pm
Quoting mcmep11
Clarification. when you mean trend lines do you mean levels or what? when I setup my RSI it justs draws the squiggly line, is that what you mean by the trend line, or what. can you post pictures so we can see what you are talking about?

I hope this snapshot is clarifying enough, trendline 1's slope is less the trendline 2, you'll notice pips are much more after 1's breakout, you can't be sure of that if there's only trendline 2...
  • #20
  • Aug 31, 2007 7:44pm Aug 31, 2007 7:44pm
Quoting mcmep11
Clarification. when you mean trend lines do you mean levels or what? when I setup my RSI it justs draws the squiggly line, is that what you mean by the trend line, or what. can you post pictures so we can see what you are talking about?

I hope this snapshot is clarifying enough, trendline 1's slope is less the trendline 2, you'll notice pips are much more after 1's breakout, you can't be sure of that if there's only trendline 2...

http://img245.imageshack.us/img245/9...anddwh2.th.jpg
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