Kevinator 5m retracement-Live trading

it seems that all major pair GU, EU and AU start to change the trend .......

just lost 30 pips on GU setting, still scanning for MOM setup

thanks , in that case you have very small SL, will remember that, same Dean say "cut your losses" :-)

As the manager of the system I am the one to take the credit for it when it works correctly.

And I will answer for it if there are any issues.

And I will take all comments questions and concerns so if you have any just ask.

kevin,

BTW, what it means the numbers at the end of TMA lines

will trade it 20 days and will see the result and will make decision after 1 month, if it bring not 10%/ month, I will leave.

but so long you will see me here

cheers

BTW/ will only Trade MOM trades this month, confirm by the rules for newbies

My stops would normally be a little more, but my broker's spreads are very wide right now, so I decided to just get out and wait for a better set up.

my Trading style

follow the Rules for MOM Trades

start Europe (Frankfurt) open to London close

risk 20 pips at every Trade and risk from my account 0.5 % per Trade at this 20 pips

I trade real account at Oanda , so I have to careful at News time, because of the spread will wide to ~20 at cable if red news.

if some can improve, please let me know, thanks in advance

have a green tradingday all

Could someone please clarify those few basic questions. I've been reading through the thread trying to learn as much as possible..but those couple of things are still a bit unclear..

1. About RF. Should we take it's signal on close of proper magenta bar (5 min of waiting) or already as soon as it starts to form the right way? I've seen some controversy in several screenshots. If taken after magenta bar close, I've noticed that in many cases trade's profitability decreases greatly.

2. Beginners should always enter with RF signal..on MOM and H1 scalping? With experience, it could be then skipped on MOM?

3. Does the #MT TrendLine_2 indicator come with all the correct/proper settings automatically..so no need to adjust anything? Could someone please briefly explain it's basic function, signals and how to use it in this solid trading system?

Many thanks to everyone for their valuable input!

Hi, short on audusd, let's go to see if this time I have more lucky...

It tells you how far away the PRICE is from:
.Middle of the TMA bands (Yellow)
.Top of the TMA bands (Blue)
.Bottom of the TMA bands (Red)

TQ Oliver

short on nzdusd

Cicak

the numbers at the end is the distance in pips from the current bid price to the line

I also noticed you have a couple of indicators twice on your chart.

You appear to have the TMA twice on your chart once only is enough (if you want the numbers to appear leave on the TMA with distances and remove the other TMA's)

You have the 4hr stochastic twice, once in the kevinator indicator (the sea green line) and once seperately

If that is intended (for instance because you want to try out different 4hr stoch settings) fine, otherwise the seperate 4hr stoch is not needed.

Regards
John

I'm long usdcad, short euro and audusd

But 1h is down and 4h is up-who you believe?

Did too

believe the rules, reread the Thread my friend, but will help you :-)

from Kevinator:

If the 4hr stoch is in one direction we should get a good move.If the 4hr and the 1hr stoch match then we get a great move.

cheers

Reading some of the posts, it sounds like plenty of people are not 'experts' at using the MT4 platform; this post is for them.....

If you are like me, there will always be something on someone else's chart or template that you don't like:
.the colours of the TMA lines
.the colours of the candles or the background
.the width, colour & style of the Stochastic (some like 2 Stochs in 1 window, some like 2 separates windows)
.same with the Retracement Finder
.etc etc ...

Once you have 'designed' your chart with ALL the indicators needed for Kevin's system and it looks exactly the way you want it, do the following:

1) Click on 'Charts' near the top left (next to File, View, Insert)
2) Put your mouse above 'Templates' (8th line down): this will open a sub-menu
3) Click on 'Save Template'
4) Give that template a 'NAME' that you will easily remember
5) Click on 'Save'

Now open any other chart that you want to trade/study and set it to the 5 minutes timeframe:
1) Click on 'Charts' near the top left (next to File, View, Insert)
2) Put your mouse above 'Templates' (8th line down): this will open a sub-menu
3) Click on 'Load Template'
4) Find the 'NAME' that you've chosen in the previous step, Select it and click OK

This chart will now also be set EXACTLY how you like it and it is a lot quicker than having to amend someone else's template everytime.

Repeat the same with all the other pairs/instruments that you want to study.
If you are following more than one pair/instrument, personaly I find that it's a lot easier if they are ALL set the same and ALL set as I like it.

jmw

this is the template that i upload from the "Kevinator update 3". in that case i shall remove the extra TMA and Shochastir 4hr

BTW, I enter short on GU and AU. any comments from the seniors??

But 4h is down so why you enter buy?