CatFx50 - page 743
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I've been doing some tests on this system and wanted to get a few opinions on what everyone thinks is better for this system. I did some tests using a 1:1 RR ratio and came up with an average of 65-80% win trades using 20 pip Stop losses and 20 pip take profits. I also did another test letting the pair ride until it breaches the 50ema going in the opposite direction of the trade. Based on that analysis, I notice that the average win to loss ratio is about 25-30% wins and 65-70% losses on trades but the amount of pips gained from the 25-30% wins was so high that it outperformed the 1:1 RR method by almost 4 times the profit. The 25-30% wins came to about an average of 1:7 - 1:12 RR ratio. I also did a test doing both together where I take half the profits at 20 pips and let the rest ride and the results were somewhere in between. Based on Nina's and everyone's experience, do you find that this system "overall" works better to let it ride longer or to just take small profits along the way? So far, I'm impressed with this system and will be going live sometime on Monday.
By the way, the tests were just based on using the simple standard method of going long/short at the open of the bar above or below the ema line. I did this test using no other indicators, no other analysis, no charting, etc. So I'm sure that adding other filters will only make this better. I wanted to test it to try to get worst case scenario but always seem to find that it profits either way.
I've been doing some tests on this system and wanted to get a few opinions on what everyone thinks is better for this system. I did some tests using a 1:1 RR ratio and came up with an average of 65-80% win trades using 20 pip Stop losses and 20 pip take profits. I also did another test letting the pair ride until it breaches the 50ema going in the opposite direction of the trade. Based on that analysis, I notice that the average win to loss ratio is about 25-30% wins and 65-70% losses on trades but the amount of pips gained from the 25-30% wins was so high that it outperformed the 1:1 RR method by almost 4 times the profit. The 25-30% wins came to about an average of 1:7 - 1:12 RR ratio. I also did a test doing both together where I take half the profits at 20 pips and let the rest ride and the results were somewhere in between. Based on Nina's and everyone's experience, do you find that this system "overall" works better to let it ride longer or to just take small profits along the way? So far, I'm impressed with this system and will be going live sometime on Monday. By the way, the tests were just based on using the simple standard method of going long/short at the open of the bar above or below the ema line. I did this test using no other indicators, no other analysis, no charting, etc. So I'm sure that adding other filters will only make this better. I wanted to test it to try to get worst case scenario but always seem to find that it profits either way.
Hi, Pvctrades!!
Buffet says "the longer, the better". To be short, it all depends on the amount of money you have in your account and on your leverage. Of course, we are not gambling here. So, providing that the system you use is profitable at the end.
Big investors do not pop up here. Therefore, all of us, I guess, are small ones.
Big investors take into account more fundamentals than we do. Those fundamentals make them borrow JPY, for instance, to buy NZD, AUD or GBP or whatever stock or bond than yields much more than they pay for the loan.
Then, we day trade; they do not.
A 30M chart is not used for long positions and that's the Time Frame we use with CatFX50.
Look, lets see if a good programmer makes an EA for that:
EMA50
TF 4H
Indicator: aNina_v1 (default settings)
We buy/sell when aNina crosses giving and arrow at the opening above/below EMA50. aNina does not give an arrow if those conditions are not met.
About TP and SL: we should optimize them.
Lets start with non.
Trailing: non, at the moment.
Once we have the EA, we will have to play with it in order to get the best results.
Hi, Pvctrades!!
Buffet says "the longer, the better". To be short, it all depends on the amount of money you have in your account and on your leverage. Of course, we are not gambling here. So, providing that the system you use is profitable at the end.
Big investors do not pop up here. Therefore, all of us, I guess, are small ones.
Big investors take into account more fundamentals than we do. Those fundamentals make them borrow JPY, for instance, to buy NZD, AUD or GBP or whatever stock or bond than yields much more than they pay for the loan.
Then, we day trade; they do not.
A 30M chart is not used for long positions and that's the Time Frame we use with CatFX50.
Look, lets see if a good programmer makes an EA for that:
EMA50
TF 4H
Indicator: aNina_v1 (default settings)
We buy/sell when aNina crosses giving and arrow at the opening above/below EMA50. aNina does not give an arrow if those conditions are not met.
About TP and SL: we should optimize them.
Lets start with non.
Trailing: non, at the moment.
Once we have the EA, we will have to play with it in order to get the best results.Great post Nina. I was actually playing around with some 15min charts just to see how it works and it seems to do well with 20pips up and down as well. I am also going to play around with the longer term time frames too. I may even do separate trades for different time frames. Like maybe 15, 30, 1H etc. So far things look good and I'll be looking forward to that EA when it's available
Hi!!
About GBPJPY:
Closed on Friday at 238,19
Pivot on Monday at 238,27
It has retraced the 38,2 FIBO from 228,05 to 241,46 at 236,35/30.
It has 50 FIBO at 234,73 and 61,8 at 233,17.
On Daily is up and correcting.
The first thing it should not do now, in order to keep going up, is breaking down 237,51 - 237,40 - 237,08 - 236,63and 236,35/30.
If it breaks down 236,35/30, it will be set to go to 235,62 - 235,10 - 234,80/73- 234,55 - 234,17 - 234,70 and 233,17.
Upwards:
The first thing it must do is break pivot at 238,27 - 238,56/70- 239,17 - 239,41 - 239,57 - 240,00- 240,31 - 240,50 - 240,64 - 240,97 - 241,20 and 241,46.
So, you have now its road map.
Take care!!
Hi!!
Weekly Review.
It has been an interesting week. EURUSD; USDCHF and GBPUSD did not move much. And cable managed to close on Friday between its line in the sand short term: 1,9590 - 1,9580.
USDCHF made a high at 1,2562. It could not break its almost one year old trend line at 1,2575 on Friday. Interesting chart that one. 1,2582 is 50% Fibo from 1,3289 (16-11-05) to 1,1905 (05-12-06). So, as you can imagine, it needs to close daily above 1,2582-90 in order to keep going up. And then it will find its big tren line at 1,3091 (on Friday). But before, it should break its 61,8 Fibo at 1,2746 and the high of 1,2768 (13-10-2006).
As you know, if USDCHF does all this, EURUSD will go down hard.
This week (28/01 to 02/02) is plenty of very important and shaking data. It could decide where we are heading short and medium term. We'll see.
About GBPJPY:
Closed on Friday at 238,19
Pivot on Monday at 238,27
It has retraced the 38,2 FIBO from 228,05 to 241,46 at 236,35/30.
It has 50 FIBO at 234,73 and 61,8 at 233,17.
On Daily is up and correcting.
The first thing it should not do now, in order to keep going up, is breaking down 237,51 - 237,40 - 237,08 - 236,63 and 236,35/30.
If it breaks down 236,35/30, it will be set to go to 235,62 - 235,10 - 234,80/73 - 234,55 - 234,17 - 234,70 and 233,17.
Upwards:
The first thing it must do is break pivot at 238,27 - 238,56/70- 239,17 - 239,41 - 239,57 - 240,00 - 240,31 - 240,50 - 240,64 - 240,97 - 241,20 and 241,46.
So, you have now its road map.
Take care!!Hi Nina,
I am wondering how you got you got those levels for that pair. Right now I am using your template setup with some optional indicators. Maybe you can have a look at my chart? I use FXDD Metatrade. My charts say that the last close was at Jan 26 23:00. I run my machine at 0:00 GMT London time.
Not sure what time cet is? I am a little lost with matching my time with some of these indicators out there.
Thanks for your time,
Chris
Hi Nina,
I am wondering how you got you got those levels for that pair. Right now I am using your template setup with some optional indicators. Maybe you can have a look at my chart? I use FXDD Metatrade. My charts say that the last close was at Jan 26 23:00. I run my machine at 0:00 GMT London time.
Not sure what time cet is? I am a little lost with matching my time with some of these indicators out there.
Thanks for your time,
ChrisDifferent broker, different feed, different prices. But the difference is not greater than 5-8 pips on GBPJPY.
My live broker, a Market Maker, Real Time Forex, closed GBPJPY on Friday at 238,17 (22:00cet).
CET is GMT +1.
hi nina,
I just read a couple of pages on your thread. thanks for the sharing. I just try your direction about GBPJPY. If I have questions, I'll ask you.
Regards
Hi!!
About GBPJPY:
Closed on Friday at 238,19
Pivot on Monday at 238,27
It has retraced the 38,2 FIBO from 228,05 to 241,46 at 236,35/30.
It has 50 FIBO at 234,73 and 61,8 at 233,17.
On Daily is up and correcting.
The first thing it should not do now, in order to keep going up, is breaking down 237,51 - 237,40 - 237,08 - 236,63and 236,35/30.
If it breaks down 236,35/30, it will be set to go to 235,62 - 235,10 - 234,80/73- 234,55 - 234,17 - 234,70 and 233,17.
Upwards:
The first thing it must do is break pivot at 238,27 - 238,56/70- 239,17 - 239,41 - 239,57 - 240,00- 240,31 - 240,50 - 240,64 - 240,97 - 241,20 and 241,46.
So, you have now its road map.
Take care!!now i saw you ride on the the white horse GbpJpy, becareful nina, it's really wild...