The KTMMS Method or Trading System is a combination of indis like Triangular Moving Average and Divergence, Breakouts, and ADR for the profit target
Example as of Dec. 08, 2022, Thursday
EURUSD takes the move and win as posted in the Trading Journal (https://www.cryptocraft.com/thread/post/14248981#post14248981) <-- click link
Rules of Engagement (for scalping)
1. Identifying Trend Direction and with or without Divergence
2. London Breakout (optional: if you want to trade in all sessions breakout, the indicator can be adjusted by setting time.)
but before the breakout
- prepare the trade plans and note down the possible profit target price
- identify the price action and location,
*a. if below the closed price of the previous day and/or near the lower round level (prepare to buy)
*b. or if above the closed price of the previous day and/or near the upper round level (prepare to sell)
* if from the direction of the previous day, the current price is at or near the closed price with any of the above (a & b), go with the direction with caution(watch and monitor - TMA Trend Lines Indicator and Divergence Bars Oscillator and with RSI Average Level)
** expect retest and rebound of the day, it might be in the previous day closed, or previous day high or current week high or at current week open, it depends on the support and resistance level.
with the direction you can identify that with the TMA Trend Lines if the price is outside (above or below) and Divergence Bars Oscillator. (refer also: with or without divergence below)
with
Bullish Divergence - Divergence Bar Blue appears in the middle of TMA Red Trend Lines. - price will continue a bit to move down.
Bearish Divergence - Divergence Bar Red appears in the middle of TMA Blue Trend Lines. - price will continue a bit to move up.
without
Divergence Bar Blue appears with TMA Blue Trend Lines. - price will move up.
Divergence Bar Red appears with TMA Red Trend Lines. - price will move down.
*** sometimes we need more addition confirmation like using RSI Average Level for Overbought and Oversold.
3. Preferred Time Frame: M15 or 15-minute
4. Recommended Lotsize: 0.01 , to stay long in the track, the better and the best not to be stop out or call out or margin call out or, in other words 'not to be burn', especially with starting balance of $100 (experimented, tested with 'Simple Buy Sell Button EA' for manual trading.
Simple Buy Sell Button EA is an expert advisor for lot size calculation and distribution according to account balance, and managing trades with advancement of take profit and profit trails for breakeven, profit target value and trailing stop. Entries in manual where we can set our limit and stop by using order open price value or using the number of candles back in the inputs tab.
take a quick tour for the 'Simple Buy Sell Button EA v1' , this ea is without limit and stop functions. (https://www.cryptocraft.com/thread/1176778-key-trading-method-made-simple-by-juliefafx)
be updated with the incoming contest with this method. hope we can place again. last time we are 3rd place.
DEMO CONTEST - ON GOING
Broker: OCTA FX
Account Number: 54088463
Investors Password: MA5Usa9y
this is USD, 1:500 leverage with starting balance of $1000
ROUND 134 starts on 19th of December 2022 - 14 January 2023
STATUS RANK (https://www.octafx.com/contests/octafx-champion/134/member/BlackOnyxTrading/?_ga=2.53230696.1535998530.1671438752-eaed5569-b266-41b2-93bc-ce503e2a48ca)
Gold Margin Required Sample Only
1 lot = $ 100,000
if given open lot size = 0.5 mini lot
100,000 multiplied by open lot size, and multiplied by Order Open Price divided by our leverage(500) equals Margin Required for this entry to stop out or make profit.
Example as of Dec. 08, 2022, Thursday
EURUSD takes the move and win as posted in the Trading Journal (https://www.cryptocraft.com/thread/post/14248981#post14248981) <-- click link
Rules of Engagement (for scalping)
1. Identifying Trend Direction and with or without Divergence
2. London Breakout (optional: if you want to trade in all sessions breakout, the indicator can be adjusted by setting time.)
but before the breakout
- prepare the trade plans and note down the possible profit target price
- identify the price action and location,
*a. if below the closed price of the previous day and/or near the lower round level (prepare to buy)
*b. or if above the closed price of the previous day and/or near the upper round level (prepare to sell)
* if from the direction of the previous day, the current price is at or near the closed price with any of the above (a & b), go with the direction with caution(watch and monitor - TMA Trend Lines Indicator and Divergence Bars Oscillator and with RSI Average Level)
** expect retest and rebound of the day, it might be in the previous day closed, or previous day high or current week high or at current week open, it depends on the support and resistance level.
with the direction you can identify that with the TMA Trend Lines if the price is outside (above or below) and Divergence Bars Oscillator. (refer also: with or without divergence below)
with
Bullish Divergence - Divergence Bar Blue appears in the middle of TMA Red Trend Lines. - price will continue a bit to move down.
Bearish Divergence - Divergence Bar Red appears in the middle of TMA Blue Trend Lines. - price will continue a bit to move up.
without
Divergence Bar Blue appears with TMA Blue Trend Lines. - price will move up.
Divergence Bar Red appears with TMA Red Trend Lines. - price will move down.
*** sometimes we need more addition confirmation like using RSI Average Level for Overbought and Oversold.
3. Preferred Time Frame: M15 or 15-minute
4. Recommended Lotsize: 0.01 , to stay long in the track, the better and the best not to be stop out or call out or margin call out or, in other words 'not to be burn', especially with starting balance of $100 (experimented, tested with 'Simple Buy Sell Button EA' for manual trading.
Simple Buy Sell Button EA is an expert advisor for lot size calculation and distribution according to account balance, and managing trades with advancement of take profit and profit trails for breakeven, profit target value and trailing stop. Entries in manual where we can set our limit and stop by using order open price value or using the number of candles back in the inputs tab.
take a quick tour for the 'Simple Buy Sell Button EA v1' , this ea is without limit and stop functions. (https://www.cryptocraft.com/thread/1176778-key-trading-method-made-simple-by-juliefafx)
be updated with the incoming contest with this method. hope we can place again. last time we are 3rd place.
DEMO CONTEST - ON GOING
Broker: OCTA FX
Account Number: 54088463
Investors Password: MA5Usa9y
this is USD, 1:500 leverage with starting balance of $1000
ROUND 134 starts on 19th of December 2022 - 14 January 2023
STATUS RANK (https://www.octafx.com/contests/octafx-champion/134/member/BlackOnyxTrading/?_ga=2.53230696.1535998530.1671438752-eaed5569-b266-41b2-93bc-ce503e2a48ca)
Gold Margin Required Sample Only
1 lot = $ 100,000
if given open lot size = 0.5 mini lot
100,000 multiplied by open lot size, and multiplied by Order Open Price divided by our leverage(500) equals Margin Required for this entry to stop out or make profit.
