CatFx50 - page 76

tohuwabohu
11
tohuwabohu  
nina:
Hi, LazyPawn!

You are right. But I have said clearly somewhere in the thread that CatFX50 entries give at least 10 pips 8/9 times out of 10. So we have here a minimum.

Then, we have FiboPivots and a S/L of 34 pips just is case. And then, LazyPawn, we should have common sense.

Today, for instance, Market is thin; we are in consolidation mode so far. Our three pairs are trading between Pivot and FibR1 or between FibS1 and Pivot.

Market is flat. It always goes like this: after a big shot, we have a break. It's up to us to trade with our systems when we face this market or to wait for a rush or for a break of last lows/highs.

I trade multi lots. I use to close my first when I have +10 and so on.

Anyway, thank you for your contribution to this thread.

Nina

Yeah Nina you rock and i think you are right today the market is in suspended mode or flat with wma 100 acting as a support on TF30 and we can see a weak uptrend but it is quiet before storm a await breakout to the upside (if it happens) and if not than there will be 100 percent retrace of yesterday move. But we dont give a sheet in which direction the price will go we will be there right ?

nina
2768
nina  
tohuwabohu:
Yeah Nina you rock and i think you are right today the market is in suspended mode or flat with wma 100 acting as a support on TF30 and we can see a weak uptrend but it is quiet before storm a await breakout to the upside (if it happens) and if not than there will be 100 percent retrace of yesterday move. But we dont give a sheet in which direction the price will go we will be there right ?

Right.

Wherever they wanna go, CatFX50 will take us with them.

Nina

Igor Durkin
6748
Igor Durkin  

Concerning Juice

Hi Nina,

I undestood you and have made some changes in code.

Now only lines. May be it will be better.

Igor

Files:
nina
2768
nina  
igorad:
Hi Nina,

I undestood you and have made some changes in code.

Now only lines. May be it will be better.

Igor

Hi, mate!

This is much better.

Just to clarify:

Orange horizontal line

Is it the average of the CalcBars chosen?

Green line

It is the Juice.

Instead of a line, could it be bars, like in standard juice?

Thank you?

Nina

Igor Durkin
6748
Igor Durkin  

Some explanations:

Orange Line = Ks * Average(CalcBars)

Green histogram = Juice or Standard Deviation

Files:
nina
2768
nina  
igorad:
Some explanations:

Orange Line = Ks * Average(CalcBars)

Green histogram = Juice or Standard Deviation

Igorad,

Well done, mate. You are one of the best MASTERS of MT4.

THX.

Nina

Kale
1411
Kale  
igorad:
Some explanations:

Orange Line = Ks * Average(CalcBars)

Green histogram = Juice or Standard Deviation

Well done Igorad !

patrick
30
patrick  

catfx50

sorry but could someone explain the useage of juice or lead me to a page where i can read up on it ?????

Thank You Pat

LazyPawn
11
LazyPawn  
nina:
Hi, LazyPawn!

You are right. But I have said clearly somewhere in the thread that CatFX50 entries give at least 10 pips 8/9 times out of 10. So we have here a minimum.

Then, we have FiboPivots and a S/L of 34 pips just is case. And then, LazyPawn, we should have common sense.

Today, for instance, Market is thin; we are in consolidation mode so far. Our three pairs are trading between Pivot and FibR1 or between FibS1 and Pivot.

Market is flat. It always goes like this: after a big shot, we have a break. It's up to us to trade with our systems when we face this market or to wait for a rush or for a break of last lows/highs.

I trade multi lots. I use to close my first when I have +10 and so on.

Anyway, thank you for your contribution to this thread.

Nina

I don't want to undermine your thread. I think you are doing a nice job and you deserve credit for sharing your idea. I just want to point out that we need a clear strategy for exit, not just for entry. Without it, we cannot know how good the system is.

To give you a hypothetical example. Let's say we set our stop loss at 35 pips, and enter 3 lots with targets of 10, 20 and 50 pips. When the trade goes against us, we lose 3*35=115 pips. When it goes perfectly we get only 10+20+50 = 80. So we would need to make sure that from the moment of entry reaching +50 happens much more often than reaching -35, and that's not sure.

Or let's take another case. You get the 10 pips 90% of the time. But what happens to lots 2 and 3? are they stopped out at -35, or do you set your SL to breakeven as soon as you get the +10 pips? You see, sometimes the price gets to +10, then back to 0, then shoots to +80. You would count it as +80 in your theoretical model, but in fact it could be +10, or even worse, -60 (if we didn't move the SL to breakeven for lots 2 and 3).

So I am trying to make you people understand that you can turn a brilliant idea into a losing system if the exit strategy is not well defined and documented. I don't want to argue, I just think that you should focus more on exits rather than adding new indicators to entry.

nina
2768
nina  
LazyPawn:
I don't want to undermine your thread. I think you are doing a nice job and you deserve credit for sharing your idea. I just want to point out that we need a clear strategy for exit, not just for entry. Without it, we cannot know how good the system is.

To give you a hypothetical example. Let's say we set our stop loss at 35 pips, and enter 3 lots with targets of 10, 20 and 50 pips. When the trade goes against us, we lose 3*35=115 pips. When it goes perfectly we get only 10+20+50 = 80. So we would need to make sure that from the moment of entry reaching +50 happens much more often than reaching -35, and that's not sure.

Or let's take another case. You get the 10 pips 90% of the time. But what happens to lots 2 and 3? are they stopped out at -35, or do you set your SL to breakeven as soon as you get the +10 pips? You see, sometimes the price gets to +10, then back to 0, then shoots to +80. You would count it as +80 in your theoretical model, but in fact it could be +10, or even worse, -60 (if we didn't move the SL to breakeven for lots 2 and 3).

So I am trying to make you people understand that you can turn a brilliant idea into a losing system if the exit strategy is not well defined and documented. I don't want to argue, I just think that you should focus more on exits rather than adding new indicators to entry.

Hi, LazyPawn!

You are not undermining anything.

For me, as said at the very beginning, it is mandatory to have a good entry. CatFX50 gives it. Now, we need a documented exit. You do not go to war (well, Bush does) without an exit.

We have now new Juice with "average filter" and soon we'll have a new Fisher with upper and lower bands.

Let's wait, but if you have an idea, just post it.

THX.

Nina