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Attachments: The Kinko Method
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The Kinko Method

  • #1
  • First Post: Edited 10:21pm Jan 30, 2007 6:15pm | Edited 10:21pm
Hello everyone!
This method is based upon the Ichimoku Kinko Hyo indicator, and looks to be very profitable in backtesting results. If you are an intraday trader, STOP READING. This system will bore you to death. If you want to make roughly 8000 pips in a year with around 50-60 trades, KEEP READING (Please note that these results were based upon the last year, and I would imagine that each year is going to be different). It’s pretty easy, I promise.

I have attached the method along with backtesting results. I am starting to forward test now. I am welcoming feedback and criticisms.

Good luck!
Attached File(s)
File Type: pdf The Kinko Method.pdf   143 KB | 4,963 downloads
File Type: pdf IchiBackTests.pdf   24 KB | 2,059 downloads
  • #2
  • Jan 30, 2007 6:27pm Jan 30, 2007 6:27pm
You asked for feedback and criticism.

feedback: I like this system and the instructions on how to use this program

criticism: Why didn't you post this yesterday?

Seriously, this looks great and I never really understood this program until you posted this here. Thanks for sharing it with us!
  • #3
  • Jan 30, 2007 7:49pm Jan 30, 2007 7:49pm
Ok... how many pips do you want to bet that within fifteen posts someone will try to improve the system?
Mr. Trend
  • #4
  • Jan 30, 2007 7:53pm Jan 30, 2007 7:53pm
I'll say 10 posts....

Quoting Mr Trend
Ok... how many pips do you want to bet that within fifteen posts someone will try to improve the system?
  • #5
  • Jan 30, 2007 7:56pm Jan 30, 2007 7:56pm
  •  Trader#0000
  • | Status: Unregistered Trader
Quote
Buying
• When the price goes above the purple line fully from below, the bar is GREEN,
FULL(Not a doji), and NOT TOUCHING THE PURPLE LINE(including
shadows), we have a SELL. The one in this example is marked with a green
arrow.

SELL should be BUY, right?
  • #6
  • Edited 8:47pm Jan 30, 2007 8:36pm | Edited 8:47pm
Quoting ForexDude2
SELL should be BUY, right?
AHH! Yes you are very right, I will try to change that ASAP. Also, I am finding the PINK line to be very important regarding RISK. I will add a section for that. Look for that by around 11PM CST.

Quote
You asked for feedback and criticism.

feedback: I like this system and the instructions on how to use this program

criticism: Why didn't you post this yesterday?

Seriously, this looks great and I never really understood this program until you posted this here. Thanks for sharing it with us!

Glad you like what you see! You should really visit those links within the pdf to learn more about the Ichimoku, as it is VERY knowledgeable.

Quote
Ok... how many pips do you want to bet that within fifteen posts someone will try to improve the system?

Improvement helps us all ! That's why I posted it!

Anyway,
Keep up the comments people! I accept criticism, too
  • #7
  • Jan 30, 2007 8:56pm Jan 30, 2007 8:56pm
Quoting wallym
I'll say 10 posts....
HEEEY..have you tried adding ADX Modified V2-superfuturistic.mql?!?!?

I think it would capture every single move!

aaawweesommmee!!
  • #8
  • Jan 30, 2007 9:06pm Jan 30, 2007 9:06pm
Quoting hilmy83
HEEEY..have you tried adding ADX Modified V2-superfuturistic.mql?!?!?

I think it would capture every single move!

aaawweesommmee!!
Hmmm... As a Mac user, I do not have the luxuries in the forex world of having "GOOD Charting packages". Alas, I am stuck with OANDA. I take it that adding the ADX looks to result in more PIPS?
  • #9
  • Jan 30, 2007 9:27pm Jan 30, 2007 9:27pm
Hey Kevin, Boy you went from a really simplistic method to a long intense one. LOL. Just seems pretty risky to be in a trade for that long. But, you seem like you have put a lot of time and effort into this. Hope it works out for you. Take care.
  • #10
  • Jan 30, 2007 10:24pm Jan 30, 2007 10:24pm
Quoting broc0501
Hey Kevin, Boy you went from a really simplistic method to a long intense one. LOL. Just seems pretty risky to be in a trade for that long. But, you seem like you have put a lot of time and effort into this. Hope it works out for you. Take care.
Hey broc,

I tried to keep this method simple, too. It's relatively straightforward, but use whatever works best for you! And as far as risk, what about forex isn't? There will always be potential to lose, but I think this system does a rather good job of winning.




Also,
I have modified the original PDF file to change my typo and to add the section on the Pink Line found on pages 6-7.
Good Luck,
Kevin
  • #11
  • Jan 30, 2007 10:31pm Jan 30, 2007 10:31pm
Backtest results link does not work...says invalid attachment

NEVERMIND

It works now
Nothing is hard, some things just take more time and discipline.
  • #12
  • Jan 31, 2007 1:43am Jan 31, 2007 1:43am
try setup 9/26/52/1/1 so your pink line will not lag and u can use it as an indicator (this works for metastock professional)
  • #13
  • Jan 31, 2007 5:14am Jan 31, 2007 5:14am
where can I find all the indicators for that method?
  • #14
  • Jan 31, 2007 5:36am Jan 31, 2007 5:36am
You need to spend more time regarding stop losses. Entries in Forex are easy and will almost never be the reason someone incurs problems and/or fails. It will be stop losses and MM.
  • #15
  • Jan 31, 2007 8:38am Jan 31, 2007 8:38am
On page #3 of the PDF you state "PLEASE NOTE: We buy/sell at the close of everyday". Is this referrring to your initial entry based on the trading signals at the close of the daily candle? Do you wait for the close of the daily candle and then look for signals?
  • #16
  • Jan 31, 2007 9:04am Jan 31, 2007 9:04am
Quoting ktrade
You need to spend more time regarding stop losses. Entries in Forex are easy and will almost never be the reason someone incurs problems and/or fails. It will be stop losses and MM.
I do agree that this method requires some sort of risk guard. Does anyone have any suggestions?

Quote
On page #3 of the PDF you state "PLEASE NOTE: We buy/sell at the close of everyday". Is this referrring to your initial entry based on the trading signals at the close of the daily candle? Do you wait for the close of the daily candle and then look for signals?

Yes and Yes BUT my thoughts were to place stops and tp's at nearby resistance lines so that we can get those accurately when we are away. As far as entries go, wait for the close of each candle.
  • #17
  • Jan 31, 2007 9:31am Jan 31, 2007 9:31am
Quoting kharvell
Hello everyone!
This method is based upon the Ichimoku Kinko Hyo indicator, and looks to be very profitable in backtesting results. If you are an intraday trader, STOP READING. This system will bore you to death. If you want to make roughly 8000 pips in a year with around 50-60 trades, KEEP READING (Please note that these results were based upon the last year, and I would imagine that each year is going to be different). It’s pretty easy, I promise.

I have attached the method along with backtesting results. I am starting to forward test now. I am welcoming feedback and criticisms.

Good luck!
Why would 8000 pips a year with only 50 trades be boreing? Can I use two standard lots? :

I guess you have my attention. But I have to ask. When I backtest, even visually, methods where lines cross, I get a better result than when I do it live. On my platforms, a MA could be crossing over during a bar or on the close, but when the price reverses in the other direction, now the MA lines stopped crossing, and adjusted back.
Hopefully I made it clear what i was explaining. Does this system have that type of risk? If so, could be 50 good trades, and 50 false signals for all I know. But 8000 pips has me interested to find out.
  • #18
  • Jan 31, 2007 9:39am Jan 31, 2007 9:39am
Quote
Why would 8000 pips a year with only 50 trades be boreing? Can I use two standard lots?

I guess you have my attention. But I have to ask. When I backtest, even visually, methods where lines cross, I get a better result than when I do it live. On my platforms, a MA could be crossing over during a bar or on the close, but when the price reverses in the other direction, now the MA lines stopped crossing, and adjusted back.
Hopefully I made it clear what i was explaining. Does this system have that type of risk? If so, could be 50 good trades, and 50 false signals for all I know. But 8000 pips has me interested to find out.

1. Tenkan-Sen, or conversion line (red) - (Highest high + lowest low) / 2, calculated over the past seven to eight time periods.

2. Kijun-Sen, or base line (purple) - (Highest high + lowest hs low) / 2, calculated over the past 22 time periods.

3. Chikou Span, or lagging span (pink)- The most current closing price plotted 22 time periods behind (optional).

4. Senkou Span A (green)- (Tenkan-Sen + Kijun-Sen) / 2, plotted 26 time periods ahead.

5. Senkou Span B - (blue) (Highest high + lowest low) / 2, calculated over the past 44 time periods. Plot 22 periods ahead.

As you can see, most of these lines are on the longer term side of things, and therefore should be marginally affected by the movements of each individual day. Since you will typically not be trading throughout the day using this system, and you will be trading at the close of each candle, most lines will be rather accurate.
  • #19
  • Jan 31, 2007 10:03am Jan 31, 2007 10:03am
Very interesting system. I think I will begin forward testing this. And maybe do a little research into these indicators. For the people not familiar with OandA 's platform, I quick question. Isn't Close of Day set by your time zone on their platform?

BTW,
Thanks for all of your efforts here at FF...
EllisEdi Moving on to my next trade ...
  • #20
  • Jan 31, 2007 10:10am Jan 31, 2007 10:10am
Quoting EllisEdi
Very interesting system. I think I will begin forward testing this. And maybe do a little research into these indicators. For the people not familiar with OandA 's platform, I quick question. Isn't Close of Day set by your time zone on their platform?

BTW,
Thanks for all of your efforts here at FF...
Hey EllisEdi ,

Glad you like what you see. There does seem to be some inherent risk at times, but overall I am pleased with the finished product. I would be grateful if someone could help me think of a way to reduce the occurrences of those big loss trades.

In regards to OANDA. As I understand it, they use 11PM EST as a close for daily candles no matter what time zone you are in.

Regards,
Kevin
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