The Killing Floor | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
Welcome to the Killing Fields!
Please keep all chats that don't use this policy or matchmaking in another thread. Our strategy may change from time to time, but for the most part, it remains the same. If a change does occur, there will be a statistical reason. A lot of people will say it's too simple and won't work...and frankly, I don't care because I get paid for ideas, not opinions. Provides evidence of profiting from system-generated entries.
Why is it called the Killing Fields?
Most people who step into the market every day die there. They sharpen their tools all day long but never practice their technique. As a result, they become food for wolves. Nine times out of ten, what matters is not the strength of your weapon, but your ability to maximize its effectiveness.
The goal each day is to kill as hard as possible to get as many points as possible. Sometimes you'll die on the floor, but most of the time you should walk out of the battlefield soaking wet under your enemy's skin.
Tools of our system:
Pairs: EUR USD and USD JPY
Time range: 5 minutes
index:
- 200MA
- 50MA
- 10 MA
Click here to download MT4 MA showing slope color
Risk management:
- 36 pips stop loss
- 4 TP points
- The maximum leverage per order is 1:1.
- No FIFO helps. If you are in the US you can bypass it using Oanda , you just need to make sure each transaction is a different size (1000, 1001, 1002, 1003)
- Ideally, your spread is <= 0.5 pips.
- - Any spread over 1.5 pips will be difficult to overcome.
- - All charts below assume a spread of 1.5 pips. If your spreads are lower than this, you can expect better results.
- Absolute maximum hold time: 1000 candles (approximately 3.5 days)
- - Ideally, you shouldn't hold a trade for this long.
Additional resources:
Anatomy of a Loser
Don't like R:R? Change it!
More Data Helps Better Decisions Equity Progress Exercise Series Profit Probability Improves Win Rate Through Management
Check out more great posts on high-percentage trading styles
translate:
Main post in Polish
Important tips
If you try to automate this system 100%, you will get very different results. Trade management is key. You need to know when to stack entry points, adjust all order TPs to the furthest order 4 pips TP, reduce losses, and most importantly, you need to know when you need to stop trading based on conditions outside the market. Such as your mood, energy level, and emotional state after a winning streak or several large losses.
If you want to make bigger gains, take a small gain of 4 pips when trading with larger swings to create some buffer in your account to handle drawdowns/reversals.
Although we have 7 possible entries, this does not mean that you need to trade every one of them every time. In fact, don't... you'll eat your profits like crazy. The main principle is that you have a good idea of what is likely to happen next at any given time.
The stop loss used is a hard stop worst case scenario In most cases you should cut your losses before you hit a hard stop. That being said, the price can still fight you a little as it will.
Please consider the fundamentals! Don't buy the EU after Draghi announced no rate hikes and the Fed raised rates a few days ago. You will lose, and you can see it happening from miles away.
Slope If the value of the last MA falling candle is higher than the value of the MA at the close of that candle. If the slope is upward, vice versa.
Most rapid moves in the market caused by the news should eliminate your price targets, however , if you encounter a situation during one of those peaks where they don't, take the time to book as much profit as possible and reduce risk. If you can't take everything off, taking off as much as possible will almost certainly lead to a retracement and give you a great chance to get back in.
When in doubt...memorize the data. Almost all 7 entries will have a 90 % chance of hitting the target within 1 day of entry (288 5 minute candles), even if only trading with the 10 day EMA slope, regardless of fundamentals, sentiment, gut feeling, everything. So you will most likely reach your goal multiple times. The key is to maximize these hits by stacking positions to increase your average number of entries and achieve bigger wins. The lowest entry is obviously the first one, and all my subsequent added targets are the first target and use the same SL as the first order, so R :R it gets better. See picture below.
How to interpret edge analysis images (EEI)
There are 4 charts in our EEI.
1C-50: Price closes above 50 MA and slope increases
1C-10: Price closes above 10 MA and slope increases
2C-200-50: Price closed above 200 and 50 MA and both slopes increased
2C-200-10: Price closed above the 200 and 10 moving averages with both slopes rising
2C-50-10: Price closed above the 50 and 10 moving averages with both slopes rising
3C-200-50-10: Price closed above the 200, 50 and 10 moving averages with all 3 slopes rising
Please keep all chats that don't use this policy or matchmaking in another thread. Our strategy may change from time to time, but for the most part, it remains the same. If a change does occur, there will be a statistical reason. A lot of people will say it's too simple and won't work...and frankly, I don't care because I get paid for ideas, not opinions. Provides evidence of profiting from system-generated entries.
Why is it called the Killing Fields?
Most people who step into the market every day die there. They sharpen their tools all day long but never practice their technique. As a result, they become food for wolves. Nine times out of ten, what matters is not the strength of your weapon, but your ability to maximize its effectiveness.
The goal each day is to kill as hard as possible to get as many points as possible. Sometimes you'll die on the floor, but most of the time you should walk out of the battlefield soaking wet under your enemy's skin.
Tools of our system:
Pairs: EUR USD and USD JPY
Time range: 5 minutes
index:
- 200MA
- 50MA
- 10 MA
Click here to download MT4 MA showing slope color
Risk management:
- 36 pips stop loss
- 4 TP points
- The maximum leverage per order is 1:1.
- No FIFO helps. If you are in the US you can bypass it using Oanda , you just need to make sure each transaction is a different size (1000, 1001, 1002, 1003)
- Ideally, your spread is <= 0.5 pips.
- - Any spread over 1.5 pips will be difficult to overcome.
- - All charts below assume a spread of 1.5 pips. If your spreads are lower than this, you can expect better results.
- Absolute maximum hold time: 1000 candles (approximately 3.5 days)
- - Ideally, you shouldn't hold a trade for this long.
Additional resources:
Anatomy of a Loser
Don't like R:R? Change it!
More Data Helps Better Decisions Equity Progress Exercise Series Profit Probability Improves Win Rate Through Management
Check out more great posts on high-percentage trading styles
translate:
Main post in Polish
Important tips
If you try to automate this system 100%, you will get very different results. Trade management is key. You need to know when to stack entry points, adjust all order TPs to the furthest order 4 pips TP, reduce losses, and most importantly, you need to know when you need to stop trading based on conditions outside the market. Such as your mood, energy level, and emotional state after a winning streak or several large losses.
If you want to make bigger gains, take a small gain of 4 pips when trading with larger swings to create some buffer in your account to handle drawdowns/reversals.
Although we have 7 possible entries, this does not mean that you need to trade every one of them every time. In fact, don't... you'll eat your profits like crazy. The main principle is that you have a good idea of what is likely to happen next at any given time.
The stop loss used is a hard stop worst case scenario In most cases you should cut your losses before you hit a hard stop. That being said, the price can still fight you a little as it will.
Please consider the fundamentals! Don't buy the EU after Draghi announced no rate hikes and the Fed raised rates a few days ago. You will lose, and you can see it happening from miles away.
Slope If the value of the last MA falling candle is higher than the value of the MA at the close of that candle. If the slope is upward, vice versa.
Most rapid moves in the market caused by the news should eliminate your price targets, however , if you encounter a situation during one of those peaks where they don't, take the time to book as much profit as possible and reduce risk. If you can't take everything off, taking off as much as possible will almost certainly lead to a retracement and give you a great chance to get back in.
When in doubt...memorize the data. Almost all 7 entries will have a 90 % chance of hitting the target within 1 day of entry (288 5 minute candles), even if only trading with the 10 day EMA slope, regardless of fundamentals, sentiment, gut feeling, everything. So you will most likely reach your goal multiple times. The key is to maximize these hits by stacking positions to increase your average number of entries and achieve bigger wins. The lowest entry is obviously the first one, and all my subsequent added targets are the first target and use the same SL as the first order, so R :R it gets better. See picture below.
How to interpret edge analysis images (EEI)
There are 4 charts in our EEI.
- The first one tells us the probability that the trade will end in profit if we close the position x bars later after the entry signal.
- The second chart shows us our edge ratio using the relevant entry signal with a maximum hold time of x, based on the MFE/MAE data in Figure 3.
- This chart shows our average MFE/MAE/OUTCOME (if we take an entry signal with a maximum hold time of x).
- This chart shows us our win rate using our Stop Loss and Take Profit levels based on the relevant entry signal with a maximum hold time of x. The yellow line represents the win rate needed to break even. The red line represents the win rate required to break even after paying spread costs. <- This is the only chart that considers Stop Loss and Take Profit. The other 3 are watching the price reaction after the entry.
Possible entries (total 7 EEI - opposite conditions for short):
1C-200: Price closed above the 200-day moving average and the slope increased
1C-50: Price closes above 50 MA and slope increases
1C-10: Price closes above 10 MA and slope increases
2C-200-50: Price closed above 200 and 50 MA and both slopes increased
2C-200-10: Price closed above the 200 and 10 moving averages with both slopes rising
2C-50-10: Price closed above the 50 and 10 moving averages with both slopes rising
3C-200-50-10: Price closed above the 200, 50 and 10 moving averages with all 3 slopes rising
You have your entries and you know their edges. Now get ready to enter the battlefield and fight!
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