Settle for the 2 pips.
Hope you’re enjoying the end of summer!
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Wishing you the same!
Its getting to my favorite time of year, Autumn in the Midwest USA. The colors of the leaves are showing some changing. The weather is perfect to do anything outdoors.
Thanks for sharing! Even though I won’t use any of them, it still gives me something to test in MT4, and then see if something similar exists on Tradingview. I’ve been using MACD a ton and it’s helped a lot. The histogram has been a game changer. And I’m still using a variation of your buyers and sellers indicator. I don’t really took at the numbers, its more looking for tops and bottoms and then waiting for the change.
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The #FS30 is a really good MACD style indicator. No signal line, just above or below zero for signal.
Hey guys. This is a really interesting thread. It’s taken me a couple of days to go through it all and make notes. What I would have really wanted would be a summary of everything discussed, so I’ve decided to do that here.
To be honest, it was quite tough so I did a lot of skimming so probably missed stuff and got stuff wrong. Probably added stuff while I was hallucinating at 3am. So I would appreciate it if I could get feedback on it, and I’m happy to change it. I didn’t think to keep screenshots, so any screenshots that would be useful, maybe send them to me so I can add them (I’m assuming I can edit this afterwards).
Trading Strategies Mentioned in this thread, in order of assumed profitablility
1. KoF (King of Forex) Strategy
- Overview: The KoF strategy, as discussed frequently in the forum, is based on cost-averaging and works effectively in both trending and ranging markets. The standout feature is trading without stop losses, which is a significant departure from traditional trading methods.
- Profitability: Users report that this strategy consistently generates profits, even in small accounts. In one example, a user grew two accounts from $500 each to $1,300 in two days with minimal losses (under $20 per trade).
- Key Indicators:
- Cost-averaging
- EMA (Exponential Moving Average)
- Steps to Trade:
- Choose a High-Volume Period: Best executed during high volume periods to minimize stagnation.
- Entry: Enter positions based on price actions near the chosen EMA levels, avoiding the use of stop losses.
- Monitor Trends: For trending markets, place multiple entries. Use cost-averaging to gradually place more trades in the same direction if the market moves against your initial position.
- Exit: Use the price’s return to the EMA as a signal to close trades.
- Recovery Trades: If the market moves against you, place recovery trades based on the KoF guidelines, which advise avoiding placing all trades at once.
- Conclusion: The KoF strategy is highly adaptable and has a very high success rate, allowing even small accounts to scale profitably with minimal losses.
2. CAP Channel Strategy
- Overview: The CAP Channel strategy involves trading based on the interaction of EMAs within a channel. This strategy is designed for lower time frames, such as 1-minute charts, and seeks to capitalize on small but frequent price movements.
- Profitability: Users reported win rates of over 80% with this strategy when applied actively, often yielding around 20 to 50 pips per day. It is particularly useful for active traders who can frequently monitor and close trades.
- Key Indicators:
- EMA (6, 14, 32 periods)
- MACD as a momentum confirmation tool
- Steps to Trade:
- Chart Setup: Use two EMAs (6 EMA and 32 EMA) to create the CAP Channel.
- Entry: Wait for the 6 EMA to cross the 32 EMA to signal an entry. Preferably, both the 6 EMA and 14 EMA should cross the 32 EMA for stronger signals.
- Exit: After a sustained trend, exit when the MACD rolls over in the opposite direction, especially when it’s on the opposite side of the zero line.
- Monitor Closely: This strategy requires active monitoring and quick decision-making to capture small movements and avoid getting stuck in a sideways market.
- Conclusion: This is an effective scalping strategy for traders who have time to monitor charts. With a high win rate and reasonable daily pips, it provides a reliable path to consistent profits.
3. Octopus Nest Strategy
- Overview: The Octopus Nest strategy is designed to capture trends that are already in motion. It is used to enter a trade late in the trend while still managing to extract profits.
- Profitability: It has been praised for its ability to capitalize on strong, continuous trends, making it ideal for traders who miss the early signals of a trend but want to join once the trend has been established.
- Key Indicators:
- EMA (6 EMA and 32 EMA)
- Confirmation from momentum indicators (MACD or similar tools)
- Steps to Trade:
- Entry: Use the 6 EMA crossing through the upper 32 EMA as a sign to enter. If you miss the trend’s beginning, this strategy helps you catch the continued movement.
- Confirm with Momentum: Look for momentum indicators like MACD to validate the trend before entering late.
- Exit: Use MACD crossovers to signal the end of the trend and close your trades.
- Conclusion: This strategy is particularly useful for trend-following and for traders who struggle to enter at the beginning of trends. By allowing late entries, it offers a chance to profit from ongoing market momentum.
4. Supertrend & VWAP Combo
- Overview: This is a hybrid strategy that combines the Supertrend indicator with VWAP (Volume Weighted Average Price) to identify trend directions and potential reversal points. It provides a simplified approach for newer traders.
- Profitability: While considered more personalized, this strategy has shown profitability in various market conditions by allowing traders to follow trends and trade with precision.
- Key Indicators:
- Supertrend
- VWAP (single line)
- Steps to Trade:
- Set Up Chart: Apply the Supertrend indicator for overall trend direction and VWAP to identify entry points.
- Entry: When Supertrend signals a trend change (up or down) and the price moves near or crosses the VWAP, consider entering the trade.
- Exit: Close trades based on either reversal signals from Supertrend or after significant price movement beyond the VWAP.
- Momentum Confirmation: Use MACD crossovers as additional confirmation for exit points when Supertrend is in play.
- Conclusion: This strategy simplifies trend-following and is best suited for traders who are looking for an easy-to-use system. It leverages both trend strength and volume for more accurate trade decisions.
5. High Close Low with Arrows Strategy
- Overview: This strategy is specifically designed for the EUR/USD pair on a 5-minute chart. It relies on a combination of EMA crossovers and Parabolic SAR (PSAR) to signal entry points, while the exit is more discretionary. AmericanTrader has made ongoing adjustments to refine it.
- Profitability: While the system lacks a definitive exit strategy, traders have seen good results from manual intervention, making it a solid foundation for refinement. The PSAR can help with decision-making if no clear exit is visible.
- Key Indicators:
- EMA 6 (White) for Close
- EMA 32 (Green) for High and Low
- EMA 14 (Blue/Yellow) for Close
- PSAR with settings: Step 0.06 / Maximum 0.07
- Steps to Trade:
- Entry:
- Buy Signal: When EMA 6 (White) crosses both green EMAs (32 EMA set to High and Low) upward.
- Sell Signal: When EMA 6 crosses downward below both green EMAs.
- Alternatively, buy when the Blue/Yellow EMA crosses the lower green EMA and sell when it crosses below the upper green EMA.
- Exit: There’s no predefined exit strategy in this system. Traders often rely on the PSAR or manually monitor when to close trades.
- Optimization Suggestions:
- The system could benefit from a formalized exit strategy, perhaps by testing different trailing stops or refining the PSAR for closing trades.
- Adding a momentum indicator like MACD or Stochastic Oscillator could help fine-tune exits based on trend exhaustion.
- Entry:
- Conclusion: This strategy shows promise, particularly for EUR/USD scalping on 5-minute charts. The current focus is on identifying optimized exits. The setup is simple, making it ideal for those looking for structured entry signals without overcomplicating trading setups.
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Just doublechecked the summary post. You’re missing indicators related to buyers and sellers or squeeze momentum . I know @AmericanTrader looks at them, who’s buying or not.
Cool trick with search. Click the magnifying glass, and hit “in this topic” and then your search term. Checks only the thread.
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Nice summary @JohnnyInamoto2. Have you picked one to trade?
Not really. I’ve listed them on a profitability scale. So basically, which strategy was mentioned the most as profitable. So that would suggest I should go with KoF. But after reading this thread and then doing my own research, KoF feels a bit scammy. His website is also difficult to know what I need to buy. I feel like I’ve probably wasted 2 days of my life 
What would you recommend?
KOF is legit. I trade live with him in his KOF 1% club each day. If you want to get more of a feel of the way he trades, you can watch the free videos he has posted over the last few years on his YouTube Channel. He trades the 1 minute charts. That way you can get a feel for if his strategy and style would suit you: https://www.youtube.com/@KingofForex
He has two strategies for sale on his website: the Full EMA Strategy and the 1% Strategy. He has broken down the way he trades into a more basic level for other people to get started trading and see which strategy suits you better. They are definitely strategies that you will need to put a lot of work into learning and practicing. I feel I don’t have enough time to be consistently in the markets trading each day to properly trade the 1% strategy, so I’m going to work on practicing the Full EMA strategy. As a working mom, my trading journey is very slow…but the tortoise wins the race right lol.
In his live trading sessions each day he trades the advanced mode, which combines both strategies with his very expansive and incredible experience of forex trading. I watched him make $16,000 a couple days ago during his daily live session using 1 lot sizes:
Sorry, I am just getting back from a traveling vacation, so I have not been actively trading. I just have my 3 long-term trades open that could still take weeks or months to reach profit targets.
I wasn’t watching the charts, just checking on my open trades.
Was it a wild week?
Greetings American Trader.
Just love this strategy of yours. I see many changes since December 2022 until today, can I assume the original strategy is still valid?
I am going to try it on XAU/USD, wish me luck 
I traded the EMA crossover close to a year on demo and a tiny small account. It’s been evolving since then, still using the EMA’s as just one part of the strategy. Also looking at market structure a lot, SMC/ICT concepts, and what works best together. Still a work in progress. But the foundation is from the EMA Crossover + MACD + Buyers and Sellers.
It was a little crazy! Or maybe I was staring at the charts too long! Rate cuts and rate holds, watching the charts after, it was a great learning experience being wrong and watching price do the exact opposite of what I thought would happen.
I’m still trading JPY pairs. Got out of some long term losers and got on the right side of them, so that was nice. Yen pairs again!
I’m trying to decide if I should just stick to a couple of pairs and just focus on them inside of jumping around into pairs that seem right at the time.
I did end the week up 1%. I’ll take it.
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Here’s a good recap
Welcome! Let us know how it goes!
Hi Niekie01,
Yes, still valid.
Like all strategies, it takes practice though.
I will always wish you the best of luck!
I like to change things up all the time too.
I was hoping my open trades would get into profit before the month is out, but they keep going up one day and down the next.
So when these finally close, I’ll look for opportunities on the D1 charts, but consider a lot of scalping because its so annoying waiting days and weeks for trades to play out.
When I start scalping I’ll go back to watching one pair and just wait for the signals.
It’s tough. Doesn’t match my trading personality!
That’s a good point about watching one pair for scalping. I was just pondering this myself. I’m going to leave aside the 1 minute charts and try the 5 minute chart, still focusing on GBP/USD. I think this should work better with my schedule as I can keep an eye on it for the entire NY session and enter fewer and better opportunities that I can let run all day if needed if the 5 minute chart decides to trend strongly - like today!