Forex CATFX 50 Trading System
Forex CATFX 50 Trading System:
Indicators:
EMA50 on chart.
EMA120 on chart.
Hist_Step_MA_Stoch_KV1_Ex_03 set at 2000 bars.
Set filters on Step: +0,04 and -0,04.
Plot aNina_v1, set it at 9000 cbars.
Hist_StepMA_Stoch is the main indicator here. When Hist_StepMA_Stoch and aNina give signal simultaneously, the better. Do not trade if they give opposite signals.
TF: 30 minutes.
Trade time: 08:00cet to 18:00cet
Optional tools:
FiboPiv_v2
MAX Moving Average set at 50, 14, 2000, 2
SDX-TZBreakout
Camarilladt7 with L3, L4, L5 and H3, H4 and H5.
Standard or Level 1 signals:
Buy when price crosses EMA 50 and new bar opens above. Hist_StepMA_Stoch must be green.
Sell when price crosses EMA 50 and new bar opens below. Hist_StepMA_Stoch must be red
If price and Hist_StepMA_Stoch crosses are simultaneous, the better.
Level 2 signals (riskier):
For instance, when price is above EMA 50 with Hist_StepMA_Stoch in green. Price then opens one bar at least below EMA 50 and Hist_StepMA_Stoch keeps in green mode. When price opens again above EMA 50 with Hist_StepMA_Stoch validating (green), we can buy. The opposite for a sell.
Level 3 signals (riskier):
For instance, we are in bullish mode: price above EMA 50 and Hist_StepMA_Stoch in green. Suddenly, price goes down crossing or without crossing EMA 50 and obviously without opening below it. Hist_StepMA_Stoch changes to red. We buy when price goes up again always validated by Hist_StepMA_Stoch that should change to green again.
Level 4 signals (Take care):
Level 4 is when price, after a consolidation of a few bars, breaks through the last high or low. The main thing we need is an indication of strength, and if we don’t get it, it could be a trap!
Obviously, the breakout down should have Hist_StepMa_Stoch in red and green for the opposite.
Something to take into account:
Pairs to trade: EURUSD, USDCHF and GBPUSD.
When bar opens more than 20 pips above/below EMA 50, the signal is riskier.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex CATFX 50 Trading System?
- Download Forex CATFX 50 Trading System.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex CATFX 50 Trading System?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
