@Art_prentice
@Dragos_MCMXCVII
I am so glad you both asked the questions. I just rechecked the PSAR settings ant they are:
0.009/0.07.
Step/Max
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Fixed it on original screenshot.
Guys, we’re gonna be sooo rich…
2023 is our year!
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What strategy is that? Looks like a trend following strategy, not the return to ema 20 one.
It certainly looks good on those charts, but I don’t use a PSAR on my strategy. Happy to code up your rules and see if they work. I’ll give you the ea for free if it does and you use MT5
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Stupid system will only let me like your post 1 time. But trust me. It’s a billion times.
The KOF strategy is both trend and counter trend. But you could still code for either one?
the system I know is price returning to EMA20 after a larger move. It can be trend or countertrend, but you don’t ride it long like your screen shot shows. You get out when price touches EMA20.
66-0. Done for the day at 3:50am my time.
Going with the trend gave me some large candles in the right direction. Very nice!
A couple of trades were only 6 pips though.
Edit: +1 for 67-0 now.
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This thread has been educative enough for me, even though I can only use three timeframes(H4 D1 W1) because I believe if a strategy should work on either of the timeframes I listed, then you have a working strategy. I will apply the things I’ve learned from everyone that contributed here to my chart. Good Luck to everyone✌️
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I noticed that King of Forex did state in one of his videos that it does work for longer time frames.
Good luck to you as well!
Thank you, boss
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I cheated on the first long trade. It was under the 200 at the start, but clearly making the turn upward. It started as a counter trend, but when it broke the 200, I gained a big green candle.
Do you think that your profits/win rate would change if you were to only use the PSAR, disregarding other emas that would tell the direction of the trend?
Long trades:
Look at this perfection based on my PSAR utilization.
The last three moves on 1M chart is what makes trading for an hour enough to call it a day.
I think my win rate would change.
I am going back and forth in my head on whether to use the PSAR on the downswing back toward the 200 or to just go with it as a counter trend and close at the 9 or 20 or 50.
But I’m leaning toward the PSAR.
As you can see in my above screen shots. I have the PSAR set to mimic the blue 20 ema anyway.
I think the key is whether there is good volume or not. Today, where I started as a counter trend sell, sellers still outnumbered buyers at the emas, like 8-0, I stayed it and it turned into a trend trade.
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Has anyone tried the template on FF from CPFLEGER?
@TWILS0
I tried the original one for a while. It wasn’t for me but I still use some of the indicators from it.