38# Kevinator Retracement Trading System

Submit by janus trader (written by Kevinator)

This is a scalping system based on the retracement of the price.

Time frame: 5m Kevinator system Major only.

Pairs: Majors (eur/usd, usd /chf, gbp/usd, aud / usd, usd / cad, usd/jpy, gpb/gpy).

Metatrader Indicators:

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)
SHORT TERM
You can scalp the market by finding the direction of the current trend (stepping up or stepping down) and entering the retracement bars

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 befollowing a trend for days or just scalping all day long for short profits.

Share your opinion, can help everyone to understand the forex strategy.

Retracement Forex Strategies

Write a comment

Comments: 1

#1
chuks .e (Wednesday, 25 February 2015 22:46)

Thanks for providing, am looking for gud indis or template does not repaint for my Option trade is been hectic with the once i have thks.