FK-All Day Strategy

2008-05-16T04:07:00.000-07:00

Forex-Killer is a very good software that can help you truly on your daily trading opportunities. In this little post I’ll explain you how you can use it never missing a good trade.

Here is the strategy:

Open ForexKiller, click on OPTIONS, then select 4 hours in the TimeFrame and put this value:

· StopLoss = 50

· TakeProfit = 25

Open the chart of one pair of your choice (for ex. EUR/USD) on H1 timeframe and save the data. On Metatreder4 you have to go on “File > Save as” and choice the path where to save it.
Now, go on ForexKiller software interface. Select the pair that you have choose (in this case, as example, choice EUR/USD), select “TimeFrame: 1 hour”, select the decimals (is the value is 0.0000 these are 4 decimals) and for the “Market” field leave “Forex”.
After these settings, click on “Load” and take the H1 data file saved before (you should have something like “eurusd60.csv”)
Ok, now click on CALCULATE, see the results and take note of them.
If the “Short Term Signal” and the “Long Term Signal” are matching and are both over 70% it could be a very good entry signal.
But, don’t take the position yet. You have to verify the trend.
You have to do the steps 2-3-4-5 again but this time with the H4 chart and remember to change the “TimeFrame” to 4 hours also on ForexKiller.
If also in this case the “Short Term Signal” and the “Long Term Signal” are matching and are both over 70% and are matching also with the H1 chart, you can open the position taking the SL and the TP given to you by ForexKiller in the window “Result Signals – Short Term Signal”.

Ok, I’m going to give you an easy example to show you how it works.

Pair: EUR/USD

TimeFrame: H1

Actions: I do the points 2-3-4-5 and I calculate the signals with Forex Killer. It gives me these:

Short Term Signal: Buy 28% - Sell 72%
Long Term Signal: Buy 30% - Sell 70%

Ok, this is a very good SELL signal. Now I’m going to check the H4 trend what says. I follow the points 2-3-4-5 for the H4 chart and I calculate again the signals with ForexKiller. It gives me these:

Short Term Signal: Buy 25% - Sell 75%
Long Term Signal: Buy 26% - Sell 74%

Ok, this confirm the H1 trend. So I open a SELL position on EUR/USD and I place a TakeProfit of 25 pips and a StopLoss of 50 pips. I don’t close the position manually. I wait only that TP and SL do the Job for me.

Very important is:

DO NOT TRADE 30 minutes before and after MARKET NEWS!
DO NOT TRADE on Sunday night (GMT -5) and on Friday.

Happy Pipping!

Forex-Killer All Day

FK-All Day Strategy