King and the 3 Musketeers System (K3M)

[Pip_Sheker]

Hi All,

I have a trading system to be shared among all. This system is based on one leading indicator and confirmed by 3 lagging indicators. The system is simple to use, you don't have to be a great analysis to use it however this system requires someone with great discipline.

Other features on this system is that it will not caused you to loss a big sum of money over one or two trades, in fact this system will try to minimize the loss if the market direction go against you.

However, as i have to work I cannot test this system efficiently by myself. I need someone to back test and demo test for me.

Please refer to the next post for more information.





visit my Blog: Sheker - http://pippingshek.blogspot.com/
I will try my best to update the daily performance of this system! Wait for my annoucement

 

[Pip_Sheker]

K3M Indicators

The MT4 indicators for K3M cannot be uploaded here. The alternatives to get these indicators is to go to my blog!

Read the next post for setup!!!





visit my Blog: Sheker - Traders Helping Traders http://pippingshek.blogspot.com/
I will try my best to update the daily performance of this system! Wait for my annoucement

 

[Pip_Sheker]

Entry Rules

Setting is as follow:

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




Entry Rules:

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

 

[Pip_Sheker]

30m chart setting for K3M

Hi All,

For those who don't like the 1H system I put up previously, here is another alternatives which you can try:

TF : 30M
Setting:
K3M_K: as default
K3M_M1: 14
K3M_M2: 14,3,3
K3M_M3: 14
EMA1: 5
EMA2: 34
EMA_Cross : 5, 34

The entry and exit rules remian the same.



visit my Blog: Sheker - Traders Helping Traders http://pippingshek.blogspot.com/
I will try my best to update the daily performance of this system! Wait for my annoucement

 

[Pip_Sheker]

new improvement and chart

made some refinement in the Mt4 coding, still testing to see performance

 

[Pip_Sheker]

Trade result this week

The trades result for this week is as follow:

8 good
1 no profit
2 bad

 

[Pip_Sheker]

Summary if K3M performance

(10 Dec to 14 Dec 2007):

CAD: +3, -1
GBP: +2
EUR: +1
CHF: +2
JPY: +1
AUD: +1

Total
*****
Good Trade: 10
Bad Trade: 1

 

[alantop]

Every day, I see your blog, in blog, and give you message. I statistics and And your signal is not the same., What is the use of your time cycle?, and parameters? Do you have e-mail or msn, google talk, and other contact methods?
In addition, I have your system a number of optimization. We can exchange what?
this is a optimization K3M system.
http://alantop.5166.info/Fore/K3M/K3M.rar
[email protected]

my static is spotblog.com

 

[alantop]

my signal

my signal

 

[Pip_Sheker]

Different broker got different data feed so result is different

TF = 30m

 

[alantop]

about stop loss, can you speak more ?
what 's mean "Set to the bar size of the previous bar"?

1)Set to the bar size of the previous bar
2) Minimum SL is 20

1 or 2? 1 and 2?

 

[Pip_Sheker]

about stop loss, can you speak more ?
what 's mean "Set to the bar size of the previous bar"?

1)Set to the bar size of the previous bar
2) Minimum SL is 20

1 or 2? 1 and 2?

If you are conservative, just stick to 20pips SL. The other SL suggestion is for more aggressive trader.

 

[alantop]

2007.12.19 one failed signal

Usdcad Tf 30

 

[Pip_Sheker]

Explained in the blog, i don't trade around report release, do your homework!!!

 

[alantop]

notice! this signal

is failed ?

2007.12.20

AUDUSD time period is 30 mintue.

 

[Pip_Sheker]

Peroformance this week for K3M

Summary of K3M (17.12.2007 to 21.12.2007):
Friday = No signal
Aud = 1 good and 1 bad trade
GBP = 2 good trade
Eur = 1 good trade
CAD = 1 good trade

Total: 5 good and 1 bad trade

Note: I will post my chart next week but will not summarize it due to the holiday season!!!

 

[Pip_Sheker]

indicators

You can get the link for download using this link:

Learn to Trade Forex (Indicators and Strategy)

 

[awsl]

Hi All,

For those who don't like the 1H system I put up previously, here is another alternatives which you can try:

TF : 30M
Setting:
K3M_K: as default
K3M_M1: 14
K3M_M2: 14,3,3
K3M_M3: 14
EMA1: 5
EMA2: 34
EMA_Cross : 5, 34

The entry and exit rules remian the same.



visit my Blog: Sheker - Traders Helping Traders Learn to Trade Forex (Indicators and Strategy)
I will try my best to update the daily performance of this system! Wait for my annoucement

can't change any parameter for the indicator mentioned, pls advise.

 

[Pip_Sheker]

Rules and example

Entry rules

 

[Pip_Sheker]

Weekly result

Monday
******
Eur/Jpy = 1 X good trade

Cad = 1 X good trade + 1 X 5 pips loss trade

Total: 2 good trades and 1 lost(5pips) trade.

Tusday
******
1) Eur = 1 X good trade
2) Chf = 1 X good trade
3) Aud = 1 X 5 pips loss trade
Total:
2 good trades and one lost trade

Wednesday
*********
1) Eur = 1 X good trade
2) Chf = 1 X good trade
3) Jpy = 1 X bad trade
4) Aud = 1 X good trade
5) Cad = 1 X loss (5 pips) trade
6) Eur/Jpy = 1 X good trade
*********
Summary
*********
In total, there are 6 trades on Wednesday. Among these trades, 4 are good ones, 1 loss by 5 pips and 1 bad trade (20 pips loss).

Thursday
*******
1) Gbp = 2 X good trades (note: the GBP chart look funny but somehow these two trades are good ones)
2) Jpy = 1 X no profit trade
3) Aud = 1 X no profit trade and 1 X 5 pips loss trade
4) Cad = 1 X good trade
**********
Summary
**********
In total, there are 3 good trades, 2 no profit trades and one 5 pips loss trade.

Friday
*****
1) Gbp = 1 X good trade
2) Eur = 1 X good trade
3) Chf = 1 X 7 pips profit trade
4) Aud = 1 X 11 pips loss trade
5) Cad = 1 X good trade
**********
Summary
**********
There are 3 good trades, 1 7 profit trade and one 11 pips loss trade on Friday.


Weekly Summary
*************
Profit trade = 14
Loss trade = 6