FAQs:
1. Questions about Wangfork
A Wangfork is the same as an Andrews pitchfork in terms of the structures of the fork, such as the slope, the start and end points of the median line and the parallel lines. It has the same variant (Standard, Schiff, & Modified Schiff) forks as an Andrews pitchfork.
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The main difference is that Wangfork is smart in terms of implementing forks. For example, each Wangfork anchor is given its own name, multiple anchors can share a single pivot without Label Space Conflicts. Wangfork can automatically find the active fork’s best fit mode from the 3 variations, and with the help of VPTLs / VATLs techniques which utilize computer power to do the hard work of searching and comparing, a Wangfork user can greatly boost his/her efficiency in creating, moving, selecting, and deleting forks without drawing errors. That is why Wangfork is also known as the Smart Pitchfork System (SPS).
The edges are:
- Wangforks are leading indicators, while the vast majority of other indicators are lagging.
- Wangfork is a Smart Pitchfork System for managing multiple forks on a single chart easily.
- Its Smartness saves traders lots of time and fatigues.
- Its high efficiency makes it an ideal tool to handle fast changing markets on small time frame charts.
- Its special buttons [Sig1] and [SmtSig] make it the best tool for trading and back testing the median line strategies.
- Its special button [3_Fk] makes it a great tool to handle side way markets as well.
In general, a leading indicator produces a predictive measurement or output. In trading, a leading indicator forecasts beforehand what will happen when price reaches certain levels or when time reaches some points. A sustained support or resistance line is an example of a leading indicator.
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With the help of his graduate students and after extensive testings, Dr. Andrews found that pitchfork lines were leading indicators.
Wangfork has 5 rules, each of which contains a few simple steps of action to follow. Rule #1 is for generating a fork. Rule #2 for finding a pivot for anchor-b. Rule #3 for finding active fork’s best fit mode from the 3 variant (Standard, Schiff, Modified Schiff) forks. Rule #4 for moving forks. Rule #5 for deleting forks.
Its rules were set to make generating, selecting, moving, and deleting forks as easy as possible. For the two most time-consuming operations: generating and moving forks, Wangfork cuts the times by 70 ~ 90 % on average, reduces drawing errors to zero, and diminishes user fatigues significantly. As a result, back testing the median line strategies over historical market data is a much easier and enjoyable task now than before.
They are for people who
- have already had advanced training or understanding of the median line trading methods.
- have some basic ideas about median line trading and want to learn more.
- know nothing about median line method, and want to learn and practice it using Wangfork tool.
Wangfork programs are not for getting rich quickly. However, once you know how to use them, they can help to grow your wealth steadily.
2. How to use Wangfork
With a Wangfork Basic program license, a user can generate one A-fork and one V-fork at a time on each chart. For beginners, it is enough. For experienced traders, two pairs of forks that come with Wangfork Advanced program license may be needed to catch moves in complex market formations.
Wangforks are sold in pairs. A Wangfork Basic program (license) can generate one A-fork and one V-fork at a time on each chart. A Wangfork Advanced program (license) can generate two pairs of A-forks and V-forks at a time on each chart.
Wangfork is a leading indicator. Most of other indicators, such as SMA, EMA, MACD or RSI, etc. are lagging. If you use too many redundant lagging indicators, you can reduce their numbers. Leading and lagging indicators can work together and complement each other. For example, you can enter a position on a leading indicator signal and use lagging indicator signals as confirmation to add to your position.
The maximum number of forks that can be loaded on each chart depends on the type of license that is purchased. For example, a Wangfork Basic program (license) can load 2 forks
(1 A-fork and 1 V-fork) on each chart.
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< Warning>: Wangfork programs contain over 5 thousand lines of source code. If you load many copies of them onto multiple charts, make sure that your computer has enough memory and its CPU runs fast.
Two Median Line Strategies (MLS) are given below:
- Breaking out of a trading range using buttons [Sig1] and [SmtSig].
- Fading the market when it approaches the median line, or the upper/lower parallel of the median line (Support / Resistant) using button [Sig2], which will come later.
You can combine Wangfork tool with other indicators such as: market profile, volume indicators, or price bar patterns, … etc.
Do the strategies always work? Nothing works all the time in trading. However, with money management skills, you lose only 1 time the risk money when they do not work; You make 2, 3, or more times the risk money when they do work. This is the key.
If I am a self-employed trader with a small account, I’d prefer to trade the 1st strategy on small time frame charts. If I am an institutional trader with a deep pocket, I would trade both methods on large time frame charts.
3. Where to use Wangfork
EURUSD charts were used in examples of this site. It happened so only because its data was saved on my computers. Generally speaking, Forex markets are the best to use Median Line Strategies (MLS) and Wangfork tools. Why? Maybe it is because these markets are mainly controlled by Bankers who love to play MLS.
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Wangfork tools work well in markets of natural flow. If a trader applies them to over traded or under traded markets, his/her results may suffer. The good news is that over traded markets are less than 1 percent, and under traded markets are less than 20 percent, of the total markets.
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The key is to find a list of natural flow markets (Stocks, Futures, Bounds, Forex, ETFs, Cryptocurrencies, etc.) where MLS works well, and only trade in these markets. This way the trader stacks the odds of winning on his/her side.
Wangfork tools work on all time frame charts of natural flow markets.
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The higher the time frame, such as daily or weekly, the less trading signals. At the lowest end, say, 1 or 3 minute time frames, there are lots of signals and much more noises as well, which interfere with the signals.
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The best way is to pick a point in the middle to strike a balance. This balanced time frame (BTF) is different for each person. An institutional trader’s BTF may be 2, 4, or 8 Hour, while a self-employed day trader’s BTF may be 5, 10, or 30 min.
No. So far Wangfork tools only run on Ninjatrader platform.
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I am not sure if Easy Language can implement all the features of Wangfork programs. I will look into this later.
I will wait and see if there are enough demands for other platforms and make a decision on this matter later.
Wangfork programs’ codes were written in C# language and run on Ninjatrader platform. If your smartphones can run Ninjatrader platform, then they should be able to run Wangfork programs as well.
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In general, computers are much better tools than phones when it comes to trading. Phones’ screens are too small to pass all important information to traders for them to make sound decisions.
Right now, Wangfork programs only run on Ninjatrader platform, which runs on Microsoft Windows operating system (If I am wrong, correct me please).
4. Question about Kevin Wang
I started trading around 2008 when markets started crashing. I sold my house and cars to purchase one trading course after another, hoping to find the Holy Grail (Ultimate Prize) of trading quickly. Eventually I realized that the Holy Grail of trading is different to each person. It is the trading strategy with an edge that suits a trader’s personality the best. To me, it is the Median Line Strategy (MLS).
I started them as one of my personal trading indicators at the beginning of 2015 and finished most of their basic features by 2017 using NT7. Later, I converted the programs into NT8 and added advanced features along the way.
Yes, I used them to trade the forex markets and loved them.
It was not my first choice. I wanted a short name, something like ABCfork.com. For example: I liked Amazingfork.com, but “Amazing” has 7 letters, which is a little bit too long. So I gave it up. Next I checked Smartfork.com, it was taken by a forklift company. Then I checked Wisefork.com, it was taken by somebody in Arizona. Then I tried wonderfork.com. It was available with a price tag of $4500. That’s too much for me. Finally, I settled down to a simple solution: using my own name: “Wang”, thus we have Wangfork.com.
The letter “g” in Wang is not pronounced . Wang sounds like the first syllable of the word “Wonderful”. “Wang” and “Won” do not sound exactly the same, but close enough.
A Provisional patent application for Wangfork programs was filed to USPTO on Jun 29, 2023, and again on Jun 27, 2024. A non-provisional patent application will be filed later.
5. Questions about Refund
It is simple: If people do not like Wangfork program/programs and do not cost us time directly, then we do not want their money.
TPT stands for Training & Practicing Tool. Providing free Wangfork TPT programs has at least the following benefits:
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1) It levels playing fields by giving ordinary people access to a powerful tool used by institutional traders.
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2) It gives people as much time as they need to learn the Median Line Strategies(MLS) and Wangfork tools at their own pace. This allows them to make their best decisions without pressure.
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3) By removing pressure from other people, I set myself free from the pressure of the opposite direction (this is an example of applying Newton’s 3rd Law of Motion smartly). Being free, honest, generous, and helpful makes me feel good and happier.
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4) When people move on to other things after trying my Wangfork TPT programs, i lose NOTHING. At least, they will remember Wangfork’s name.
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5) It helps to greatly reduce the number of refund requests and saves us lots time.
The free TPT programs and their corresponding paid programs are functionally the same, except that the free programs have a Restricted Zone (RZ) in which the free programs do not fork. Traders should treat the RZ’s fat Golden Bar as the Right Edge of their charts. Crossing the Golden Bar can cause errors.
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As long as traders stay out of the RZ, the TPT programs work just like the paid programs. This feature makes the free TPT programs the ideal tools for learning, training, practicing, and testing the median line (Andrews’ Pitchfork) strategies over historical market data.
Refund = Sum paid – (Amount used + PH fee + PP fee) ;
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. Amount used = ( Sum paid / Number of days of that period)*Number of days used;
. PH stands for Processing & Handling; and
. PP stands for Payment Processors, such as: Stripe, Paypal, … etc. Since Stripe and Paypal do not refund the PP fee, we have to subtract it from the refund amount.
Processing and handling cost us time which is not free. Currently the PH fee is $ 50.
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If avoiding this PH fee is a big deal to you, please first download and try the free Wangfork TPT program/programs whose main purpose is to help people to avoid this PH fee and save us time.