kevinator 5m retracement system

[kevinator]

Hello


I am very busy all the time and yesterday today finally got to business of the system.

5m Kevinator retracement system Majors only(eurusd*usd/chf*gbpusd*aud/usd*usd/cad)5 m chart only.

This system is a trend following system that uses the multi time frame stochastics as a definition of the current trend the market is in. If the market is stepping up then you take buy retracement bars.If the market is stepping down you take the sell retracement bars.

Retracement bars are the magneta(purple) bars on the indicator on the bottom.If the market is stepping down you take the downward magneta bars as entry.If the market is stepping up you take the upward magneta bars as entry.
LONGTERM
You can either enter the market (long term) when the mtf stochastics is changing directions and hold until trend is done or at any of the retracement bars going in the direction of the trend and hold (20-400pips)
SHORTTERM
You can scalp the market by finding the direction of the current trend (stepping up or stepping down) and entering the retracement bars and taking 5 to 20pips profit.

There are two ways to trade this system but the entry rules are solid.We have a solid method to define a trend (mtf stochastics) and a solid entry method ( enter on retracements).

It is up to you how much profit you take as you could be following a trend for days or just scalping all day long for short profits.

 

[kevinator]

Aud usd

This is a screen shot of current trade aud/usd.I am in est us and would say to trade the exchanges of the time frame.So 2am est-4pm est eurusd,gbpusd,usdchf, 4pm est-2am est usdjpy,audusd,nzdusd.

 

[kevinator]

usd jpy5m

Usdjpy trade for the hour of 19:00 est.Bought the pair but walked away from the computer and only 4 pips.A maximum of 9 on this trade.

It will take time to get acclimated to the system but you will start to get instincts of are you in the right spot?

 

[zjaako]

Hello, thanks for sharing your system, looks really promising.

 

[zjaako]

Сделка eur_usd +12 пунктов.

 

[ErVIn]

Трендовый индикатор MTF_Stoch, к сожалению, перерисовывается как минимум на три свечи. Хотя это закономерно, поскольку данные берет со старших ТФ.

 

[kevinator]

GBPJPY

Hello

The redrawing of the Mtf indicator would be a problem if we used the indicator as a stand alone for trading.Since we use it in a system of indicators or more than one it seems to be just fine..

Mtf stoch will give us visual confirmation of the direction of the trend.Tma will give us overbought oversold visual confirmation and RF will be our trigger.It is designed for a trader to take profit from the market when he or she is ready and not when the market is ready giving control back to the trader.

It takes only a few hours to get used to trading the system as it is sophisticated yet simple to operate.

 

[zjaako]

EURUSD +12 пунктов.

 

[kevinator]

eurusd

It will take a few hours to get used to the system.Feel free to open more charts and hunt more trade setups.

Add this indicator to your chart and notice the shift from bottom to top.

 

[kevinator]

gbpjpy

Trade gbpjpy est 11pm-3:50 am.Am tired and will see you all tomorrow.

 

[redneedle]

kevinator, Very diligent entries! Thanks for sharing bro!

 

[redneedle]

2 cents to the Pot
to be more quiet & filtered trading for

 

[zjaako]

Ещё евро +10 пунктов.
Можно брать и больше, но мне для скальпинга и 10 пунктов хватает.

 

[BBoss]

У меня вообще шаблон выдает ошибку после чего терминал закрывается!А точнее индюк TMA.

 

[saw]

Немного недопонимаю, как тут использовать MTF СТОХ?

 

[zjaako]

В смысле как? На скринах же видно вроде. Стохастик вверх - торгуем в бай и наоборот. Он конечно может рисовать, но как заметил kevinator - это критично если торговать только по нему одному.

 

[helmut1000]

Hello Kevinator , thanks for your excellent system !
One question: I must enter on magenta bar or wait to close and enter to the next bar ?
Thank you !

 

[kevinator]

gbpjpy

The system is used to trade the majors but as you gt used to using it and have better instincts of the *right spot* you will begin to *hunt* more pairs.

I am working on another project and will post a few trades here and there as I can trade and do other things as the sysytem is that easy to use.

 

[kevinator]

Ещё евро +10 пунктов.
Можно брать и больше, но мне для скальпинга и 10 пунктов хватает.

I like your method as it seems you are looking to mtf stoch for direction then (say in a buying trend) waiting for price to hit the bottom of tma then taking the next retracement finder buy bars to the top.That is clever and will keep you out of trouble and only on highly probable trades.

 

[kevinator]

audusd news trade 90 pips live

Aud employment report released and 90 pips on the trade.