One more diagram of MACD - Cap Channel strategy
I had this exact same question, itās near impossible to start this thread from scratch for us newbies
anyway you can give us the exact rules on this system? is it traded only on M5? do you get the bias from higher timeframes or not necessary? how many indicators have to confirm the entry before you enter? all of them? , there is no risk to reward, you exit on cannel cross?
These images all show a 100% win rate, seriously?
It is a bit of a crazy thread, not gonna lie, i spent over 2 hours last night just jumping through the whole thread, if i found some useful info i took a screenshot of page to refer back to later. But a thread being active for this long is a very positive sign. Fair play to AT.
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Ive heard this KOF mentioned quite a few times, then finally came across exactly what/who kof was. Just a question on KOF, do you use KOF method as an added confluence or do you trade KOF as a complete seperate setupā¦?
So far. From my point of view, people are skeptical that the market would follow any particular rules most of the time. But it looks like it really does. You just have to know what the rules are.
We do different things depending on whether we are using the daily chart or the 5m or 1 m chart. Beginners may want to have a very small stop loss. More experienced traders they want to have one that is a minimum of 100 Pips.
Once you know the rules the rest is just making it match your own preferences.
I trade kof using the charts that I have. I just have the 9 ema on them and a triple moving average set to 25. Thatās the line that turns green yellow or red depending on price direction. Itās best to trade kof when you donāt already have open trades running on another strategy.
Itās part of my Christmas tree 
Iām out and about for the day so Iāll try and get your questions answered when I get a chance. Please be patient as they will be answered!
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and I also heard a lot about KOF ? please enlighten me, at least you figured that bit out 
Thatās going to take a bit longer. First to start by watching his YouTube videos. Just search for king of Forex and there are many videos.
I have Incorporated the cap channel in order to try and lessen the chances of my getting caught in a big loser with it. And quite frankly, I still donāt know how it is that I have never seen the king lose a trade in years.
Also, if you search on Forex factory forums for, countertrend strategy, you will find they have listed the basic rules at the beginning of that forum thread.
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Entry is based on how much room there is to make pips before price would hit any of the possible exit signals. Exit signals are the 200 EMA, the mid point line of the cap channel, or the opposite cap channel line. If price is already near one of these exit signals, there is no point in entering a trade.
So you enter a trade either when the macd crosses from below to above or from above to below the 0 line or you look for the seven EMA to cross from below the lower red 25 EMA to above it, or from above the upper red EMA to below it.
The green 7 EMA can also come down from above the upper red and bounce back up, which is another good buy signal. The opposite is true for sell signals.
Ideally, your buy signal will come when price is toward the bottom of the cap channel. And your sell signals will come when price is toward the top of the cap channel. Even better is when the 200 EMA is outside of the cap channel.
If I am trading based on the m1 or M5 or H1 or H4 chart, I do look to the D1 and w 1 charts so that if I am stuck in what looks like a loser on the short time frames I have confidence that thereās a high probability that I can wait it out and still make a good profit.
The EMA cross is a superior signal to the macd signal.
Use your discretion if youāre going to use a stop loss. If youāre using a time frame below the D1 you have to know that you will need a big stop loss in case of any high impact news. If you are trading after the New York market has been open for an hour, you could have an extremely tight stop loss. Your stop loss preference will determine if you are okay with taking a few very small losses in exchange for a big winner with very small risk. Or it will determine if you would rather just take advantage of the high probability that on the longer time frame you will win .
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I strongly recommend that you also use some type of volume indicator that shows buyers versus sellers volume.
A free one for mt4 is called level 2 trading.
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Another amazing week - grew my account 4% in four trading mornings. It is an incredible opportunity and I highly recommend it. Itās really getting me going with my trading and I look forward to it every day. I trade 0.05 lots during his sessions and then 0.01 lots trading by myself, so any mistakes I do on my own are counterbalanced and my account grows while I learn every day.
Itās one of the best things Iāve ever done in terms of investing in myself, learning a skill and making money all at the same time. Iām also boosting my patience, discipline, motivation and self-esteem, all of which have taken a hit in recent years due to stress/burn out at work.
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Hey, thatās what we like to hear. So glad itās going well for you and I hope that continues for as long as you trade Forex!
I spent the fall learning MT4 after switching over from my brokerās web-based platform! Definitely worth it - MT4 is great for scalping the 1 minute charts and for the customized indicators. My brokerās platform just couldnāt open and close orders fast enough on the 1 minute charts, or move stop losses or take profits quickly enough. I like MT4 for both @AmericanTraderās CAP Channel strategy and for KOF. Iām enjoying learning how to trade with both strategies.
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Looks good.
Looks good.
Aud/Cad looks iffy right now.
Looks good.
Looks good.
Some of these Iām in. Some I may decide to get into.
AT doing good work.
Unfortuntately, there are predatory people.
I took the 46 pips on my Eur/Usd short this morning.
New pending sell order on that pair once the trend is re-established.
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USD has been weak due to war concerns.
European currencies somehow manage to be even weaker.
Nice catch, thumbs up.
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