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MKS TRENDLINES
There are four MKS trendlines that can be used every day. We use these trendlines to buy or sell based on the direction in which the trendline is broken.
You may go for a fixed target of 10 pips or you may go for higher targets and use trailing stops to lock as much profit as possible.
In the following example we had 9 trading opportunities during one trading day.
From these 9 trades, 8 trades gave you at least 10 pips of profit with a 30 pip stop-loss and 6 trades went over 20 pips of profit.
The MKS trendlines can be used to trade any currency pair.
The MKS indicator plots the trendlines automatically so you don't need to watching the clock all the time. (as these trendlines have to be drawn at a very specific time).
The MKS trend lines are time sensitive trend lines.
They are shown using Eastern Time and drawn on a 15 minute chart:
MKS-1 trendline
Connect the 5:45 pm candle’s closing price with the 00:15 am candle’s closing price
MKS-2 trendline
Connect the 5:45 pm candle’s closing price with the 02:45 am candle’s closing price
MKS-3 trendline
Connect the 03:15 am candle’s closing price with the 08:15 am candle’s closing price
MKS-4 trendline
Connect the 8:15 am candle’s closing price with the 2:15 pm candle’s closing price
MKS Trendlines – Target/Stop: three types of stop-loss levels:
• Use a default 30 pip stop-loss, or
• Set the stop-loss value four pips above the previous cycle
high or four pips below the previous cycle low, or
• Exit the trade as soon as a 15-minute candle closes
above/below the MKS trendline, and the candle closes
in the opposite direction of our trade
Our two types of profit (exit) targets:
• Use a default 15 pip profit target, or
• Exit the trade as soon as price comes back again to our
trendline or meets with an old or just-formed new
trendline
As per NFA requirments we need to say that “Hypothetical performance results have many inherent limitations. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particularly trading program.
One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk. Variables such as the ability to adhere to a particular trading program in spite of trading losses as well as maintaining adequate liquidity are material points which can adversely affect actual real trading results.”
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