kokanal

which strat did you use. On the forum they have listed many different strats.....?

just for your info his last short entry of 112.36 was at London breakout. All his entries are stops at major breakout or S/R levels. Just look at his blog and see that.

I added you on skype and sent you a pm. Lets do it haha

Would you be interested in coding his shadow trend strategy which I am using with great success?

Need to confirm with kokanal, or others more familiar with the current strategy:

 

However, my understanding is that, after the 2nd order is opened, from then on, each subsequent orders (3rd order, 4th order, etc.) are only 15 pips away from the previous one. (Only the 2nd order is 45 pips away from the 1st order, then all the rest are 15 pips)

 

For SL, an easier to think of this is, only the 1st order has SL of 30 pips. Then when the 2nd order is opened, ALL SL will from now be only 15 pips away from the most recently opened order.

 

For example, if the trade is going long (buy orders):

 

. 1st trade opened: SL = 30 pips below 1st trade

 

. 2nd trade opened @ 45 pips above 1st trade: ALL stop loss (SL for 1st and 2nd order) = 15 pips below 2nd trade

 

. 3rd trade opened @ 15 pips above 2nd trade: ALL stop loss (SL for 1st & 2nd & 3rd order) = 15 pips below 3rd trade

 

. 4th trade opened @ 15 pips above 3rd trade: ALL stop loss (SL for 1st+2nd+3rd+4th order) = 15 pips below 4th trade

 

. . . etc.

 

You are correct joeytrader.

hey micutzu are you follwoing this strat or jusr trading S/R.

i will do it over theweekend.

Hey save2009, I have a nice strategy. I can explain it here. I am using it for manual trades. It uses a manual entry and after that its all mechanical. can you program it. I can post it here or email you if you want.

 

Thanks

I am still trying to understand too, myself. But I thought by the time trade#2 is opened at 45 pips away from trade #1, then trade #1's SL is now moved to 30 pips in profit for trade #1. So if price now go against us, then trade #2 will get stopped out at its SL of -15 pips, but trade #1 will be stopped out at +30 pips. So there is still a net profit of +15 pips. Am I understanding this correctly?

 

So in my understanding of this, the moment trade #2 gets triggered, then he is already in a no-loss situation from now on. (I am assuming to accept the mere 15 pips profit without replacing any stopped out orders)

 

 

Haha yea after all you got it 100% right. so if you have 2nd trade hit you have a no loss situaiton. very simple yet elegant way to trade.

Yes, joeytrader,

locking in 30 Pips profit instead of 15 for order-1 would make more sense,

but kokanal told us otherwise ..... or he meant what you assume but wrote it differently.

 

I hope he will clarify for us soon.

 

 

And trading on a live account and seeing Order-1 getting to 30 Pips profit or 35 , I would move SL to BE or BE+5 to

not getting into a 30 Pips loss if price goes against Order-1.

 

Please see my other post where i describe the method in detail.

if "Once you define an entry point after that its all mechanical" like said Kokanal

I think after that we can use an ea to control the orders and stops.

 

YO buddy you are right on the sweet spot. Any programmers in the forum please come forward. I can help mechanise both strats with manual entry which we all can refine.

Thanks kokanal.

This is the first time his real strategy in the room was revealed.

 

There are some questions though and I hope you can answer them.

 

1. What does x-1 lots mean ?

If Order-1 = 1 Lot,

Order 2 would be 1 - 1 = 0 Lot.

 

 

2. He needs a 45 Pips move to get BE if market moves against his 2 open positions.

 

Will he replace Order-2 if it hits SL (15 Pips) but price again turns around in the direction of order-1 ?

Or does he wait until Order-3 opens and accepts 15 Pips loss of Order-2 ?

 

3. Again about the entry: Does he place the pending order at the SR-Line or does he wait until the candle closes

which broke the SR and then places the pending order at the high/low of that candle ?

 

Thanks.

 

to answer your first question. lets say your equity is 3k. just using a round figure for 30 pips sl if you loose 180$ it would be 6% of your account. so if you loose 0.6 as your first lot ie xlot and all other lots are x-1 meaning 0.5. by one I mean whatever the previous number is. Y is that I dont know. it works for me haha

 

2. so lets say first order is hit 45 pips meaning second order is open. now this second order had a 15 pip sl right? so basically now sl of 1st and second order be the same ie 30+ for ist order and 15- for second order. Lets say yu entered first order at 100.00 and second at 100.45. as soon as price comes to 100.45 you will move stop for first to 100.30 and second will already have sl to 100.30. now price still moves in our direction and reaches 100.60. the third order will open and it will have a preset sl of 100.45. and you will move first and second order sl to 100.45 now. you will keep on doing that uptill you hit sl and at any giiven time all orders will have same price sl. hope this clears.

 

so entry is the most subjective part. by far its always a S/R. but which one to choose is a mystery for me. I would say choose the strongest one which you think.

He did not follow his rules. crusbeat is the witness. how greed and emotions played a role then. I myslef had to leave for work so only took that 30 pip loss so nothing much. But he did gain it in next trading day haha.

same method

break through these

so for finding an entry point basically he uses a major support or resistance. guess part comes when he changes his S/r to come closer to the price ie shorten the range. My best advice to people would be to on m15 when you see a candle breaching a major S/R then at the end of candle start this progression. that will take out lot of guessing. regarding video it takes sometime 1 hour and sometimes many to complete the overall session. I can post examples which you can already see on his blog and try to explain.

well its a new strat which he is using. he will place a pending sell or buy with x lot with 30 sl and no tp. the next order is 45 pips away with 15 pip sl and lot is x-1. all other orders are also 15 pip away from each other with same lot. so when market moves 45 pip in his favor and second one opens he changes sl of first one to 30 pips. now if third is opened sl on first two will be the entry point for second and so on and so forth. most of the time you will end making abt 10%, few time breakeven and some time even loss of 30 pips. but with this system if you get lucky and get a straight 100 pip movement without any retrace ( which I have not yet seen) you can double your account in that.

 

so how to calcualte lots. your first lot x 30 pips should not be more than 5-6% of your account. rest is simple.

Well guys I can vouch for what you see on his blog is seen by me real time. I know his system is different from that pdf but current system he is risking only 5-6% of his account and can make upto 10-20% easily each session. I know we all think too good to be true is usually not true but it is.

 

I think his current system has some subjectiveness to where to enter. Once you define an entry point after that its all mechanical. One cannot explain in writing how to figure out that entry point. With time only one can master it. please note that I am not advertising for him or something like that. But as all of you I am looking for something which works in forex and after 2 years I have found something which is pretty awesome.

 

Instead of criticising we should focus on refining this strategy and using it with forward test and see ourselves how things are.

NO something not wrong here. He just overlevraged. He did three tries. first he lost. then he broke even and then bang he made his money. lol

 

I saw that loss happening and him coming out live in front of my eyes. Loss was sure a scam (lol) but profit not.

yea add me forex_eu on skype. Just found autograf ea which is free for the demo and some brokers. http://translate.googleusercontent.com/translate_c?hl=en&langpair=ru|en&u=http://autograf.dp.ua/Pages/2/21/212.htm&rurl=translate.google.com&usg=ALkJrhj_32fM0YlUKyj-FnTgtEusFyzydQ

 

Works exactly what we want for this strat. No more crunching numbers.

from my understanding if your first order went 30 pips and second got opened you will move your stop to 15 pip profit on first one. and if market moves against you you will end up loosing 15 pip on second long and gaining those 15 pip on first long meaning breakeven.

 

Certainly if market moves way fast which he recommends not to trade for eg around NFP then I share your concern. Still I think 4xspinner or similar trade management ea can overcome this problem to great extent.

 

regarding the ranges here is my way

 

I am only selecting ranges in later time of market for eg around 6-7.30 EST before asian session i will choose a range on EJ anywhere from 40-60 pips (this is important). this range does not have to be exactly pointed out by his indicator but you should choose one where a pin bar formed and price reversed inside the range or price touched it twice. choosing timing before important gives momentum on your side and less chances of whipsaws.

 

also make sure when you are choosing tp that there is no major daily or weekly resistance in between. for eg if you chose long at 110.10 and tp of 60 with 110.70 In case there is a huge (past)resistance lets say at 110.50 then either not place that range or just sit there and manually close orders there.

 

Usually by the time market opens it tries to break the range and hits tp. I have encountered some occasion where 1st or second or even third order got hit but then reversed to hit my double counter orders. Majority of the time this move will hit tp. only few occasion i had to place the 3x orders but that was a sure shot thing.

 

We can find a chat room where we all can post our ranges as they are forming and trade together.

 

I am attaching an excel file in which if you put price of your range and your equity it does all the calculations for you. Its a very helpful tool for me. Hope this helps everybody too.

 

hxxp://rapidshare.com/files/395983115/Blackjack.xls.html

 

I would like somebody who has programming skills to come forward and we can make an ea. here we (humans) will pick a range and let the robot trade after that.

Well said Fxeasy. still we should give some credit for his strategy. Also regarding the third strat, if you have 100 pip movement one side there is no way you can have a loss. Only thing you might get is a no loss or break even. If you get 30 pip movement then you will make sure that stops are moved to breakeven.

 

This brings me to the topic of 4xspinner which i think would be a good tool to use. I have not bought it but from look of it, it looks like it would be very easy to move stops by dragging only a line. I think we need to focus our energy on refining this strat. i have seen some light after almost 2 years of messing up with ea's and would love to collaborate with anybody interested in refining this strat.

Hey crushbeat,

 

I am also there in his group. I guess only 2 people are asking question in English so we should know who we are. We just need to be a bit patient before calling it a scam. I am using his shadow trend strat and believe it or not its working for me (on a live account yes). Again the art is in choosing ranges which one gets a hang of after trading on a demo for month or so.

 

Now when I joined his group he is using different strat which I am learning and seeing what are the pitfalls. The day he lost I could not trade but in other 2 sessions I made about total of 20%. which is not bad. I do realize I could have been the one that loosing day and could have lost huge. But from my understanding there was no clean breakout that day and he just went in the market. I guess time will tell.

Well fxeasy5,

 

take Gj for example. find any 60 pip range where either the price has touched twice or a pinbar was formed. then see how the market breaks and how many time you will end up loosing more than 3 trade succession in a row....... just back trade it or demo trade it for few weeks. you will see what i mean. Art is in range selection which is not that hard to do. especially when you focus on ranges formed just before all major session open.

can some please explain this phrase in the shadow system:

 

"The most importand thing you must know about this strategy, is: Look on the first trade sessions, when the first trade takes the tp from 60 pips, the session is endet!"

 

Does the author mean the first trade as in the one he describes as being the 0.1 lot size trade? So when this trade hits tp you close all open trades, because the other 2 trades wont have hit tp because they are placed incrementally, 10 pips away - so when 1st trade hits tp, 2nd trade would only be 50 pips in profit (not yet reached tp) and the 3rd trade would only be 40 pips in profit (not yet reached tp), but we close them both anyway? And we also close all pending orders?

 

My understanding is that he means that all the trades (0.1,0.2,0.3) are hit tp. then the session has ended which we usually call as a progression.