Is a system scalp possible with gold?
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Dollar/Yen Key Footage Logic: This Week's FT5 Verification Results
Another week ends in positive territory.
Since the FOMC, volatility has
begun to increase somewhat.
Friday, September 12
Monday, September 15
Tuesday, September 16
Wednesday, September 17
Thursday, September 18
System B: Mr. K's New Logic
For those who purchased the Gold Edition, Mr. K is well known.
I mentioned a little before,
that we would adopt Mr. K's basic logic as the
foundation for System B.
Last night, I had Mr. K send me a test trade image,
which showed this kind of scalping logic.
Mr. K is a salaryman,
so trades happen after he gets home from work, with 2 trades and 2 wins.
The concept of System B is that
the Simple Logic FX System A (the current Key-Foot Logic that is publicly available)
was developed from the start.
Because the Key-Foot Logic is a trend strategy,
it is naturally weak in ranges.
Therefore, we planned to create a range strategy as well,
and I mentioned that possibility.
If these could be used in parallel
to diversify risk, that would be ideal.
However, System B began first as a range strategy,
but as we tested several logics,
by August this year we had returned to a trend strategy.
At that time, Mr. K told me about
a new logic he proposed.
That logic is a scalping method for gold
that is more refined in entry timing
than a breakout logic,
and reduces hesitation during trades.
I felt that it could be built into a nearly discretionary system,
and refined by discretion, making it very easy to produce results.
From that history
I asked Mr. K to adopt it as System B,
and he kindly agreed.
Thereafter, through various exchanges,
the basic indicator (ZigZag_Color) was completed yesterday.
Immediately, the results from Mr. K’s trades last night
were two trades just now.
We received this kind of feedback:
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About ZigZag_Color
I started using ZigZag_Color right away.
This is really wonderful!
It really makes the swing clearer.
Today I traded twice within 30 minutes and achieved two consecutive wins!
Two successful rounds! (*^^)v (Attachment 36_)
For now, I will just note the entry points and rationale,
capture them, and keep a record.
As it accumulates,
there may be patterns to discover,
so I may add notes, use it for reference for rules,
and include it in a solid-entry collection.
The numbers in the bottom right will record how much range volatility exists during a possible loss period,
so I can examine it when enough data is gathered.
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The two of us brainstormed ideas,
and based on those ideas, I would shape tools and
give feedback to Mr. K.
We will continue building tools and logic through this process.
Next, we will start developing a verification EA.
For System B, this will be the fifth verification EA.
Only a handful of tools can be completed for public release;
we expect only tens of such tools among many attempts.
We are approaching that number now.
The basic rules are solid, but we may add discretionary elements
to increase win rate, as follows.
A return move within the box around the previous day’s high.
It’s a solid move, isn’t it.
The short entry at this green circle
is solid, isn’t it, Mr. K replied with the following.
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About manual entries
In the circle on the image you sent,
I would enter short on a solid signal.
After breaking below the 100 EMA and moving in tandem with a Siam or Vigo signal,
it would return to the 100 EMA as per Grandville’s Fourth Pattern,
so I would enter on a solid signal.
In such scenarios, manual entries that recover are good, right? I think the win rate is high.
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We aim to complete the logic by the end of the year,
and by next week finalize the specification for the verification EA
and place an order.
Rather than doing it alone,
this fusion of Mr. K’s and my knowledge and experience
should become very interesting.
For Simple Logic FX purchasers only,
we are aiming for a year-end to New Year release, so
please stay tuned.
Currently, as a free trial of Simple Logic FX,
we are freely releasing the main tool, Simple Limit.
If you’re interested in Simple Logic FX,
please take this opportunity to try it.
Downloads are available until Sunday, September 21,
and usable until Friday, September 26.