Hi, i am just a newbie in this forex worlds and if you are a newbie too i know what you feel about this forex's game.
This is just a simple indicator which will help you to start your trading. Use it and you will see how simple is it.
OK. This is the rules:
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Basic Rules
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1. Download KG_Trapping_Mode_V2 indicator and copy it to your expert\indicators directory in your metatrader.
2. Run your metatrader, open pair that you like to trade.
3. Check the last candle on your chart (Time Frame H1 is better), noted it.
4. Click or run KG_Trapping_Mode_V2 indicator, set the Start_Time input.
5. Now, you will have Buy Stop and Sell Stop entry point type on your chart.
6. Open both order, leave it and go to work or school
There are two ways that i used to set the Start_Time. First, i use Market Open time as the input of course I have to convert the time match with my broker (metatrader) time. Example, Tokyo Open is around 07:00 am at my place and my broker metatrader time is around 03:00 am, so I set the Start_Time input with value 3.
The second way, i'm just trade when i open my metatrader, let's saya when I open my metatrader the last candle time on H1 is 13:00, so I put value 13 as Start_Time input.
Hope this simple indicator will make your trade easy. If you like it, please share it to the people that love forex. And i know this not a "Holly Grail" but you can do a backtest and calculate the P/L (Profit/Loss). So if you think it's profitable just use it if not profitable just deleted it or throw it to the sea
Thanks,
KG
Noted:
# All new version will placed on this first page
# KG Mode Trapping V2 used Open price as SL
# KG Mode Trapping V2.1 Sell Order use Buy Order Entry Point as SL and Buy Order use Sell Order Entry Point as SL
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Updated 18 June 2007
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#Removed all ex4 file & upload mq4 file
#Found problem on NF Metatrader the indicator give wrong result (Currently i'm using fxegypt Metatrader & working well). Need help to fix it
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Updated 20 June 2007
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#Add DAYS input on both version, so if the indicators give wrong results on Monday just change the DAYS input value with 2. Hope this help you who use NF Metatrader or else that had a false numbers on Monday Morning
#Thanks to all of you that have send me a private messages. OK, I really understand that if you are a full day trader you will use your trend stuff to trade and as you ask the new indi "KG_Target_Point" will help you to set your target. Days input in this indi means range of the day, if you put 7 it's means the indi will find the Low and High in 7 days range and use it as base calculation. Enjoy it....
#Upload fix version for KG_Trapping_Mode. Word 'a' means the last version.
#Upload nonlagma.mq4 because many private messages asking me about that indi. Actually i download nonlagma.mq4 from this site but i forgot where it's placed.. so i put here too. Thanks to the great people who make this indi ..
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Updated 11 July 2007
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#Updated KG Target_Points V1.1
- All Buy & Sell targets point write on left corner
- Add Draw_Line input (default = true). Change to "false" if you do not want the lines drawn on your chart.
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Updated 12 July 2007
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#Upload KG Trading System
- extract the files, copy all mq4 & ex4 files to your metatrader\expert\indicators directory
- copy kg trading system.tpl to your metatrader\templates
- run your metatrader and click the template (your chart will show as image below)
- will explain the rules later ... but with the templates i think the logic and rules are easy to understand.
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Linear Mode
