Yes and we can always trade in M1 and M5 timeframes... We must know how to trade short term (scalping?)...

Cheers,

__________________
"It's not the strongest species that survive, nor the most intelligent, but the one most responsive to change" -- Darwin.

Hi all
I, like most of you who trade on higher time frames, do at times get frustrated with the lack of suitable trades, staring endlessly at my screen sometimes for days without seeing a decent trade forming. I have of late, been playing around with the five minute TF while waiting for trades on the 30 minute TF and I think that by combining the best of a couple systems may give us good results on this TF.
Catfx50 is a fantastic system and I have been using it for some months now. It has been optimized to run on the 30 min TF and I feel in its present configuration will probably not work successfully on the 5min TF. Having said that I feel the Catfx50 concept can be adapted to work with the XO MTF indicator on the 5-min chart and successfully pull out pips that higher time frames will miss.
The core concept of Cat50fx is the price crossing the 50 ema with filtering provided by various indicators.
If we use this concept on the 5-min TF and add StepstochMA, Xo MTF, OsMA2, we may have the basis of a good 5-min system. We are still retaining the reason for this thread, that is to explore the use of Catfx50 on this time frame and also using filters that are successfully used on the 5-min TF.
Attached is a chart of the idea and may be a starting point to take this system further.

The indicators used in this example are:
50 EMA

StepMA Stoch
settings
WATR 10
Kwatr 1.0
Calc Bars 2000

Super XO
settings
KirPER 6.0
Peirod 1, 5
“ 2, 15
“ 3, 30
“ 4, 60

OsMA2
settings
Fast 5
Slow 12
Signal 9

Super XO
settings
KirPER 3.0
Period 1, 5
“ 2, 15
“ 3, 30
“ 4, 60
Sell trade example:

When price crosses the 50 ema and next bar opens below, and stepstoch has crossed down through the blue line, the OsMA is crossing down through the zero line and the super xo bars have turned red, then we enter a sell market order.
To exit we use the second Super XO. When we have a change to two blue bars we exit.
Ignore the second Super XO for entry completely; use it for exit only.
There are a few other trades that can be taken, a bounce of the 50 ema of example confirmed by the other indicators, anyway you get the idea.

By using a system like this we can take advantage of both time frames, pulling out 10 to 20 pips and more on the 5 min TF while using Catfx50 as we have been on the 30 min TF.

Anyhow just an idea that I have been trying out over the past few days, I will see how it pans out over the next few weeks.

Mark

Attached Images

catxo.jpg (131.0 KB, 1129 views)

Hi, image3022!

Can you post theses Super XO indicators?
What are those green/red lines above/below StepMA_Stoch indicator?

THX.

Nina

I

Yeah that's true.
Pips is just another unit measure for me (my point of view). I always think about % and $, obviously one of you would think: "alright, depends on the leverage your using".
I say: Not at all my friend.
See my case, I've quit my daily job in a bank (I had a senior position) about 3 months ago to trade Forex full-time.
Do you want to know how many pips I've to do to get almost double of my former salary a month? "Only" 4.

What I'm talking about here is capital, doesn't matter if a guy makes 50 pips a day and the other do 4 pips a day, the difference between these two could be their capital invested.

4 pips a day. Is it easy? Is it achiavable? Is it worthy?
I say yes and no. Depends on your capital.

How does €140-150 euros per pip sounds to you?

Think about it.

Cheers,

__________________
* Forex Mega-Portal *
www.forexpivotsbrasil.com
- largest forex portal in the world for portuguese speakers. -

Some people are just not happy with making 20 PIPs a day, I guess one gets greedy - its better than losing 20 PIPs a day. Sometimes I am just happy that I am on the positive side instead of the negative side. Oh what a feeling.... There's nothing wrong with 20 PIPs, I do not like sitting in front of a terminal every second trying to scalp the market away.

Be happy with what you get....

Hi Nina

Attached are the indicators.

The indicator on the stepstoch is i-GentorLSMA&EMA, somepeople are using it on Woodies system in place of the Sidewinder indicator, I thought I my try it here to see if it will be of any use.

The XO System was started by ValcoFX. The thread is here, great job http://www.forex-tsd.com/manual-trad...ight=xo+system

I have also attached the XO indicator which needs to be in your indicator folder for the Super Xo to work.

Cheers Mark

Attached Files

	XO.mq4 (2.8 KB, 314 views)
	ZZ_MTF_SuperXO_4H.mq4 (8.3 KB, 357 views)
	i-GentorLSMA&EMA_v[1].mq4 (3.5 KB, 330 views)

Thank you.

Nina

So that means that for this year (2006) YOU, are almost at 2500pips profit ??...

friendly regards...iGoR

This seems to be quite effective --

Set to Time Frame 15 -- Level .0005 at least -- (and should at least touch this bar before you think of trading) and of course all your other indicators lining up. This works on 5 min chart.

Attached Files

MTF_Juice.mq4 (3.6 KB, 220 views)

a little more than that igor