Kevinator Retracement Trading System is super active retracement of price based system which has been developed for scalping trading purpose. It is particularly suitable for experienced traders because scalping trading is not easy task. But this strategy has been designed for all trader level which it is very easy to understand with a steady level of performance. Thus, it has enabled newbie scalper to use this system with the frequent trading task in a smart and effective way.
Forex Kevinator Retracement Trading System Uses TMA bands and retracement Finder to determine Entry and exit areas. It works best in M5/M15 timeframe charts and we recommend you to apply it only for major Forex currency pairs (eur/usd, usd /chf, gbp/usd, aud / usd, usd / cad, usd/jpy, gpb/gpy).
After Forex Kevinator Retracement Trading System has installed on MT4 platform, the main chart should be like this.
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| Forex Kevinator Retracement Trading System MT4 |
INDICATORS
TMA Bands
TMA Bands is a channel indicator where the upper bands is overbought level, lower bands is oversold level and the middle bands indicates the trend strenght. When the price bars above the middle band indicates bullish and below middle band indicates the bearish strength respectively.
Retracement Finder
Retracement or pullback is a normal nature of the price movements. The indicator signals when the retracement period is over and price is going to re-join the major trend. Retracement Finder above zero level express bullish and below zero level signals bearish of the momentum.
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| Kevinator Retracement Trading System indicators |
RULE OF Kevinator Retracement Trading System MT4
BUY Entry
- Retracement Finder is above zero level
- Price is supported by Lower TMA Band
- Open Buy position at the break of supported bar’s high
- Set Stop Loss below the supported bar’s low
- Take profit when price reaches the Upper TMA Band and Retracement Finder dives below zero level at the same time
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| Kevinator Retracement Trading System Buy condition |
SELL Entry
- Retracement Finder is below zero level
- Price is rejected by Upper TMA Band
- Open Sell position at the break of rejected bar’s low
- Set Stop Loss above the rejected bar’s high
- Exit and Take profit when price reaches the Lower TMA Band and Retracement Finder jumps above zero level at the same time
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| Kevinator Retracement Trading System Sell condition |
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