K3M_K : Use default
K3M_M1 : Use default
K3M_M2 : Use default
K3M_M3 : Use default
EMA_Crosssignal: Set to 5, 10, false
Moving Average1: Set to EMA 5 close
Moving Average1: Set to EMA 10 close
When completed it should look like as shown below:
K3M_K : 1st
K3M_M1 : 2nd
K3M_M2 : 3rd
K3M_M3 : 4th
Setup for 30m TF:
Hi All,
For those who don't like the 1H system I put up previously, here is another alternatives which you can try:
Chart : 1H TF
Pairs: GBP, EUR, CHF, YEN, AUD and CAD
No Trading 1 hour before Reports / News.
Do not trade during holiday period, check out the date yourself
Continual Up Trend Market:
K3M_K: Lime (longer bar)
K3M_M1: Green
K3M_M2: Green
K3M_M3: Green
Continual Down Trend Market:
K3M_K: Red (longer bar)
K3M_M1: Red
K3M_M2: Red
K3M_M3: Red
Trend Changing Market: Uptrend
EMA_Cross Signal: Green and UP Arrow
K3M_K: LimeGreen(shorter bar)
K3M_M1: Green
K3M_M2: Green
K3M_M3: Green
Trend Changing Market: Downtrend
EMA_Cross Signal: Red and Down Arrow
K3M_K: Brown(shorter bar)
K3M_M1: Red
K3M_M2: Red
K3M_M3: Red
Stop loss setting (suggestion only):
1)Set to the bar size of the previous bar
2) Minimum SL is 20
Escape if market is against you:
1) If the market did not stop out your SL wait for the second bar (bar after entry) and try to SL at break even. If not, you should stop loss before the end of second bar close. Don't have to wait for the market to stop you out.
TP (Suggestion only):
1) 2 mini lots
2) TP 1 mini lot after 10 pips profit
3) TP 2nd mini lot after20 pips profit
Regards
You may visit my Blog:
I will try my best to update the daily performance of this system! Wait for my annoucement
I would like to thanks all of you taking the time to read my post. You are always welcome to use the system I put up and share your result on this system.
Thanks for sharing your system. I have a question about the k3m's. Do you know if they repaint themselves ? Also I have notice that any one of the 4 will not give any color at all, just a blank space. Can you tell me what this means.
A suggustion. I do not use MA crossovers at all. But I do use the MA for support/resistance and trend. I use a 50 ema and 200 ema for trend, but u should just be able to eyeball the chart and figure out the trend anyway. But these avgs are good for lower TF's Like the 5 and 15 to see if a trend is changing or retracing. My 3rd MA is a 12 set with a shift of 1, Linear Weighted, Set on the close. No matter which indicator I use I wait for price to break above or below the 12 LW.
Also what would u recommend the settings for like a 15m, 4hr or daily?
yyc, Here is my chart. The pink is the 200 ema, the blue is the 50 ema and the red is the 12 lw. I do not the pivot points on this or oneof my favorite indicators the Stoch. But this is what I traded today with ur chart.
Thanks for sharing your system. I have a question about the k3m's. Do you know if they repaint themselves ? Also I have notice that any one of the 4 will not give any color at all, just a blank space. Can you tell me what this means.
A suggustion. I do not use MA crossovers at all. But I do use the MA for support/resistance and trend. I use a 50 ema and 200 ema for trend, but u should just be able to eyeball the chart and figure out the trend anyway. But these avgs are good for lower TF's Like the 5 and 15 to see if a trend is changing or retracing. My 3rd MA is a 12 set with a shift of 1, Linear Weighted, Set on the close. No matter which indicator I use I wait for price to break above or below the 12 LW.
Also what would u recommend the settings for like a 15m, 4hr or daily?
Ignored
Hi dobbie,
Thanks for your interest in K3M system, your answer to the question are as follow:
1) Do you know if they repaint themselves ?
ans: I think they do repaint, if i do not program them wrongly.
2) Also I have notice that any one of the 4 will not give any color at all, just a blank space. Can you tell me what this means?
ans: if the K3M_K signal is blank then it shows that the market is quiet or not ready to trend. I provide this indicator to help new or conservative traders to avoid bad market. I also consider the K3M system to be use in other pairs which do not have high volatility as GBP. I would encourage traders to use this indicators as a guide line.
3) A suggustion. I do not use MA crossovers at all. But I do use the MA for support/resistance and trend. I use a 50 ema and 200 ema for trend, but u should just be able to eyeball the chart and figure out the trend anyway.
ans: I saw your chart, you have a great trade! I can see that you are able to use you MA to assist you in your trading. However, I would like to look into the possibility of applying your MA into other pairs. If it works then I might consider to integrate your system to improve the K3M. I am open to any good idea and suggestion. Thanks anyway!
4) Also what would u recommend the settings for like a 15m, 4hr or daily?
ans: I am looking into applying K3M on higher TF, but I would not encourage K3M to be used on 15 and 5 min chart. I tried that before, but the result are not so good.
Thanks for your responce. I mainly trade the gbp/usd, but have used my system for other pairs and have tested it for a year or more. It is consistant and not as busy as lot of these systems out here I have seen. But I have traded the gbp/jpy, eur/jpy, usd/jpy, aud/usd, usd/chf. The MA's never need to be adjusted the main indicated that I use that needs to be adjust is the Stoch. But the best one for price is the 12 LW Set at the close with a shift of 1. But that is all I want to say about my system this is your post. I just come on FF from time to time to look and read and see whats new. Your system caught my eye because it was a bit different. I will check from time to time to see ur progress. Thanks for sharing it with everyone. And if u can a longer TF would be great. If u like and it is ok with u I can post more about the Stoch. with your system and how it can work on the 15 min time frame. I trade the 5 min, 15 min and 1 hour. for interday and the 1 hour, 4 hour and daily for med. term.
Thanks for your responce. I mainly trade the gbp/usd, but have used my system for other pairs and have tested it for a year or more. It is consistant and not as busy as lot of these systems out here I have seen. But I have traded the gbp/jpy, eur/jpy, usd/jpy, aud/usd, usd/chf. The MA's never need to be adjusted the main indicated that I use that needs to be adjust is the Stoch. But the best one for price is the 12 LW Set at the close with a shift of 1. But that is all I want to say about my system this is your post. I just come on FF from time to time to look and read and see whats new. Your system caught my eye because it was a bit different. I will check from time to time to see ur progress. Thanks for sharing it with everyone. And if u can a longer TF would be great. If u like and it is ok with u I can post more about the Stoch. with your system and how it can work on the 15 min time frame. I trade the 5 min, 15 min and 1 hour. for interday and the 1 hour, 4 hour and daily for med. term.
Ignored
Hi Dobbie,
There is no guidline in this thread, I take it as a chance to share thoughts and even made friends! If you have any good suggestion that could improve my current system then you are certainly welcome.
I believe that no system is a perfect system, so as mine system here. If you see some chances to improve the performance then you are encourage to post it up and let everyone take a look and share their comments.
As for my blog ( removed ) I am consistently putting up good dicussion from the forum. By doing so I could summarize the important point so that people do not have to spent thier time reading the whole thread and can get the updated news straight away.
I have realised that there are some bugs in my K3M_K indicator code. I have rectify the problem. Please reload your K3M_K indicator again. I apologize for any inconvenient caused.
