KinK Method

This method can be use for auto trade and is for intra day trade.

Use EMA21, EMA55 and EMA100
Use WMA5 and WMA8

Prepare to enter trade when all the EMAs and WMA8 are parallel to each other and in the same direction.

Wait for WMA5 to "KinK" in the opposite direction, plus a formation of a opposite colour candles

Enter trade at the next closing candle.

Depending on the currency and the time scale, there is a profit to take.

For example, for GBP
5min - 5 pips
30min -8 pips
1hr - 12 pips

Set stop loss at the height of the last candle.

From the diagram, a "KinK" happens at 0800. A white candle follows by a black candle. All EMAs and WMA8 maintain a downward trend. The "KinK" is made by the WMA5 changing from up to down.

Trade is entered at the close of the black candle.

If you have the time to watch the chart, you need not to take profit at 12 pips. Follow the WMA5 till it change direction.