So back to what I was saying.... It's obvious that the total POTENTIAL for these trades is usually over 100 combined pips over a few days.
The bad thing is combining those three puts us in a situation where we could be stopped out at 39 X 3 = a 117 pip loss...
what is not really clear for me is - how your sheet will help us trading catfx more effectively?
catfx is no mechanical trading system. Mechanical systems live from MM and RM which have even a very big influence in the over-all performance.
Here our main challenge is not to stop a trade which has more potential while not loose trades which have only a small performance expectation. As you self said in an earlier post.
hi nina since we moved clocks ahead here in us the 8 to 18 changes right
According to Nina, winning ratio of Cat50Fx is 7-8 out of 9, what about writing an EA to enter on Cat50Fx signal and exit with 10pips only and stoploss of 10pips. If this EA proofs successfule we can alwasys add more lots, we don't have to sit and wait for Cat50Fx entry?
Getting 10pips 70-80% of time is still profitable stratgy.
as I followed catfx up to now I can say, that it is correct that there is a very high amount of profitable signals of the system, but not all these signals could be put one to one in a corresponding trade, because of slipage effects even on newstime signals. And think about the spread.
On the other hand the stop of 10 pips will be to close - see the charts itself. You will be stopped out because of after the signal sometimes the price doesn't go in the predicted way at once. But perhaps a little more.
--> Make a test if perhaps 16-20 pips stop and a scaled exit on 15 Pips and 30 will be profitable in the long run. Would be interesting for all of us to know.
Did people pick up the Eur/ USD signal at 1.2089 ?
ema 50 is still below ema 120....
i got in at 2096/92 got out with 17 when u see 50 100 and 200 laying on top of each other there usually a breakout
Yes I took eurusd level 1 signal - got the price 1.2093
Additionally I took a short on usdchf - but afterwards I saw that the opening of the entry candle was not under ema50 - so no real catfx signal (had to take a better look) - but I had luck and see now the trade in profit.
Cable long: I didn't take it because of price is far away from ema50 after a big movement to north before. That's too risky for me. I didn't took that.
level 1 - 16:30cet - long 1.2090 - made current high 1.2117
currently additional cable signal level 1 at 17:00 cet - long 1.7367
Ok, fair call.
I could not get on the move quick enough, came in at 1.2095, I took 15 pips on 1 contract as usual, set 2nd contract to +1. Am now waiting contract, I see the pivot at 1.2125 that makes a fair 2nd target. If bar goes below 1.2103 I will exit though.
Fast move ! past pivot
I have set 2nd contract stop to 1.2125, not greedy....
Ema50 close to ema 120but not yet through, could be interesting.
should have held my position till 2025 but saw it was getting late monday etc 17 is better than 000 price will probably hit mm level of 2046