Hi all,
I like many systems here, really
Thanks to some of u, I made big pips!!

Ok, I juz wanna contribute sumtin' 4 this forum,
so, here it is

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Name: This Method be called as "Kolachi Method"©
Method:Use 1H chart.Use wma5 and ema21.Use MACD or CCI for better understanding.Place 55 ema, 100 ema and 200 ema on your chart.

Signals:when wma5 changes its slope place the entry.Wait for the pull back to ema21.If it crosses through it then be patient and exit on next change of slope.If it is repulsed then exit as soon as possible preferably with some profit.Repeat the process again on change of slope.

Whipsaws: Unlike other crosses this method has very few possiblilites of whipsaws.The reason being the difference in the period of two MAs.Moreover our entry is not the cross itself but the change of slope of wma5.In case of whipsaw you will see the repulsion of wma5 from ema21 but you have already break even or locked few pips.

Axis: wma5/ema21 has an axis of pullback which is 200 ema.It goes to a cetain level away from it and then it is pulled back for obedience till it is allowed to cross otherway to certain extent.

Comments:
1)You will mostly see that wma5 is repulsed from ema21 on the first attemp mostly.
2)On second attempt it will mostly cross and may be stopped by ema55 which is a strong resistance and support in my system.
3)Once price has breached it then it will face ema100 as next level and the last one is ema 200.
4)Once wma5 has crossed an ema it is usually not the routine that it will cross back the same ema unless it has crossed some other higher level prior to that.
5)Tackle repulsion from ema55 carefully bcoz it means price has equal probability to cross it again as emas have habit of rejecting once atleast.

Legal Info:
1)I have used this system with live account and is very successful.I am not convincing anyone to use it.My intent is to share my knowledge and experience.Decisions in Trading are ones own responsibility.sometimes you need your discretion about deciding entry and exit while looking at MACD,CCI, fibo levels etc.But mostly it is systematic.
2)This material is copy righted.Any copy, reproduction,or use must contain the title as "Kolachi Method"©.
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As I say, I found it, not created it, juz wanna share with u all
Above was the message wrote by the original creator, kolachi
Backtesting result:

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Performance of 35 Weeks
Total Pips earned in 35 weeks : +11970 pips
Average pips Count per week : +342 pips
Highest Pips in a Week : +945 pips
Lowest Pips in a Week : 0 pips
Average change in Equity per week: +2.79%
Highest Equity Change in a week : +11.15%
Lowest Equity Change in a week : -0.22% (swap deduction)
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By the way, i backtested it with all time frame below 4H,
Seems work well on scalping 2
Got 99% profit, with the 1% wasn't loss, but 0 pip, with spread covered
And no swap deduction thing, coz it was scalping only

Hope u all love it,
Or if not, at least i contributed sumtin' 'ere.. hehe

I've heard abut it, but have you done any forward testing or used it in a live account? If so, how was the results?

One of the example kolachi gave on the original forum

http://www.fxfisherman.com/forums/fo...trading-1.html

Erm, kolachi used the method on live trading as u can see,
And that was the result

U can try on forward testing it, using demo
I juz found this system yesterday.. hehe

Attached Images

kolachi trades.JPG (3.2 KB, 642 views)

One of the things I like about this method is that the originator uses it daily, so he is constantly forward testing it.
For me the change in slope of the 5 is difficult to understand.

when is it changing or just taking a break before moving on.

If I ever get that down Ill bee "in tall cotton".

Awhile back I had some indicator which printed the slope change for EMAs, just my PC got hosed completely. Do you think EMA Angle would help?

erm, dunno
I juz wait another candle as a "confirming indicator" resulting on gr8 profit
but yeah, Ill give it a shot....... if I had a free day
hehe

Author is very active member of our forum and he opened two threads about the system:

Kolachi Method of Trading

Kolachi Method 2 of Trading

So no need to go too far from our forum

Hi, ran_fan06, thank you very much for sharing this system. But there are really many problems!

How to understand the 'change of slope'? Is the slope's angle equal to 0 degree? If so like this I can see a lot of time that the slope 'changes' and didn't pull back to ema21, most times it went back the original direction just from the next bar. And is this Method tell us to place trades against the trend? Isn't it so risky that we wait till the wma5 pulling back to ema21? If I enter when the slope change, then the after situation is oversold or overbought , when should I exit? It looks the Kolachi Method do not include this situation.

And this Method also didn't tell us what's the exact time to place the trades. Is it the time that the slope just change to enter, regardless the bar end or not? Or we should wait a bar closed and enter at the next bar begin?

If you have time, could you give us some details about how you treat this system? And more pictures also welcome too! Thank you very much!

Attached Images

ad15102006.jpg (76.8 KB, 564 views)

Excuse me, newdigital! I haven't seen your post. Neglect my upper post, I will check the 2 threads first instead.

Yes I do think angle would help.

The problem with the 5 is, it is a quick at changing directions even during a trend, it can shake you out early or make you think of a reversal then turn back the other way.

Yet most MA systems use a 5 ma in them.

I like cornflour wait for the pullback in a trend then get in but still how do you know that the pullback isnt a reversal?