Now this is a intellegent remark. See mangman, thats all you had to say.

- secXces

Mangman,

Sorry but I deleted your post.
Why?
Because the forum is not battlefield.

If you don't like something - don't see (the same with TV). I as administrator did not promote any thread. We have a lot of other threads. Or start your own thread about anything.

We have many new people in the forex. And because of that Codersguru is doing lessons and started an other thread about EAs. We all should learn.

And this Nina's thread is good as well.

But if you have the other opinion just start the other thread and start to collect the people who are thinking like you and who want to achieve the results in your way and who has your vision. Usually the people are doing like this. We have many theads with exact opposite ideas.
This is the forex forum.

Hi, Newdigital!!

Thanks. New it would happen.

Anyway, let charts speak.

Nina

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Hi Nina
Please write for novices (like me) those indicators that you use. I see you use Nina indicator on one of these charts. I don`t know how I can download it. So I see you used different setting for indicators for example you used EMA (34) on one chart and EMA (50) on other chart. Could you explain reasons of these defferences please?
Thank you for sharing.

Hi, jasmine!

Sorry, that EMA34 is a mistake. It does not change anythig.

About indicators, ShowdowWZ made them. Do a search.

Nina

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GBPJPY.jpg (136.9 KB, 430 views)

I read this post at least 2 times a day for the last 2 months, I hope Nina will take it as a compliment but we have started another thread with a developing system very similar to Nina. We could use some of the expertise on this thread. Please check out.
"Marks Trendline cross" , on this site.

Hi!

At last we know him: you are the one that has made this thread gone above +98000 views.

Nina

Nina and ALL!

After following and re-reading this thread for some time I am amazed by how much input there has been to constantly analyse, test and improve something soooooooooo simple......that merely started with a bare naked 50ema....like you say!!!

Yet you constantly stay open and encourage new ideas....so here's another one!! (btw How's CatFx16 coming along?)

I would like your thoughts on this simple idea:

You said "you typically go to a 5min chart" to "fine tune" your exits manually off of supports and resistence and fibs and pivots....don't most discretionary traders do this?

To help our exits, I suggest we employ a 5min chart running in the background with the following alert set up as the assistant to our CatFx50 30min charts.

The Simple 5min alert:
Stochastic 5;3;3 5min tf

We know, the standard Slow Stochastic is plotted as two lines called %K, a fast line and %D, a slow line.
• %K line is more sensitive than %D
• %D line is a moving average of %K.

and that the 80% value is commonly used as an overbought warning signal, and the 20% is used as an oversold warning signal.

BUT......I am finding the signals become even MORE reliable if you WAIT.

Try this: (demo of course!)

on an uptrend, enter the exit (or a reversal!), when the fast, %K line, is >95% AS LONG AS the slow, % D line, is <90%. ( if %D is above 90% it indicates considerable strength may remain in continued direction).

on a downtrend, enter the exit (or a reversal!), when the fast, %K line, is <5% AS LONG AS the slow, %D line, is >10%...(same logic regarding remaining strength.)

OF COURSE..........EVERYONE use all other discretions/rules regarding support and resistance, daily trend, trading times, news events, candle formation etc. for exiting the trades (this use of the stochastic is meant to be HELPFUL to the "ART" of exiting NOT a mechanical answer to prayer!!

If this is helpful to our exits, we would simply need an alert signal for the slow stochastic indicator that is structured for the above.

It would simply trigger on the fast %K line equal to or greater than 95% and below 5% and run in the background while we moniter our 30 min charts!

If this is a bad idea then please just throw it out....and we will keep moving on polishing this "holy grail"

Thanks Nina

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Hi, goldenequity!

CatFX50 is still a simple "system". An EMA and a indicator.

I like posts like yours. Do the following, if you want of course:

A.- Test what you say during a whole week.

B.- Post results and charts.

THX.

Nina

Hi,

Nina asked from me to help her to "tweak" this indicator.this is a result of our work.

* this is modified version of StepMa indicator with specification from Nina.

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