Hi Kolachi,
I have been following this thread for quite sometime I started a couple weeks ago, and read through all pages of it. Going through people who were trying just to downgrade the system, and people who were bringing religious biases into the spectrum. The whole time I remained neutral on every topic and was several times eager to jump to the last thread or skip a page but did not because I knew that if I did a question that I might ask may have been answered.
In any case, as has been answered many times in this thread, there is no automated way to trade this, in fact, knowing some things about programming, there are so many factors that go into this method that it would be ludicrous just to attempt such a large project.
In the beginning when you stated your method, it started on the 1 Hour of the EUR/USD then further elaborated unto most pairs and on any time frame 1 minute to 1 month. I have been doing a lot of research on this method and manual backtesting in addition to more recently live forward trading however it is very conservative in my opinion, yet still effective. But there are questions that need some answers to ensure my further success with this.
Because this is a manual trading system, I find it hard to trade on the day week and month charts, rather I would use them as a guideline of where the current long term trend is.
I understand that the 200 EMA is the central axis of this system, and that we enter the trade when the 5WMA changes slope in the direction of the 21EMA, which also happens to be in the direction of the 200EMA.
Exiting the trade is determined by two factors. If the 5WMA crosses the 21EMA then the first time the slope changes direction again we close the order. OR if the 5WMA is "repulsed" by the 21EMA exit the trade immediately.
PS I do all of my trades after closed candles, I know you spoke of teaching Senior Kolachi Traders an advanced technique of, for lack of a better term, jumping the gun, which is available exclusively to members of your private forum.
In addition to my conservative nature, for now at least, I only trade when the 5WMA begins to pullback to the 21EMA when all the Moving averages are lined up orderly, i.e. 200-100-55-21-5.
I also found that it is not wise to trade in the last few hours on friday, as the price changes its slope on almost every candle. Volatility is low.
My questions mainly have to deal with after you exit the trade, say when the 5WMA crosses the 21EMA and 55EMA, I know you said that you trade in both directions, but for a beginner would you recommend just waiting until the Moving Averages have reset their position and on the next solid signal enter the market once again? That is at least what I have been doing.
I have lots of time to look at charts and analyze them and was looking for a mechanical system to trade by when I stumbled upon the slopes of Moving Averages giving early signals for entering the market. My problem was trying to find a solid period to define my MA's and a solid strategy on exiting the market. My frequent searches led me to constantly reading forums and ultimately me spending the last month studying this method. My goal is to become a full time trader as you yourself are.
I have many other questions regarding this system, as I have been looking at it in depth and reading through this forum the general idea of the method was released for all eyes, however there are small details that one has to discover on their own(our homework as you called it). Before I decide to begin risking more money than micro lots testing your method live though, I like to know things inside and out, and not have any doubts when I make a decision. I taught CPR and first aid for a time, and there is nothing more self-humiliating then having a pupil ask you a disputed detail and you not knowing the answer. To relate this to forex, if you dont know why you did something, it can and according to Murphy's Law will result in the loss of your capital. In any case, if I am looking for specifics about the method, would you rather I post them here, or join your private forum? I am willing to do either, $50 is a price that I would pay any day for the information I seek.
I am sorry for the length of this post, but it means a lot to me, as I hoping for this to sometime in the near future be my full time job.
Thanks for any help you can give! I hope to hear from you soon!