I believe you can earn money constantly. What I mean is it is really hard to design a profitable trading system just based on the open, close, high and low data. Even with such a good entry strategy as CatFx50, I still cannot find a
consistently winning trading system. What a sad thing!

Hi blooms,

thanks for these indicators.

Relating to CatFX50: Please do not forget, CatFx may be an easy system from the point of view of "automatic" rules, but Nina always reminds to the fact, that the human thinking should not be turned of - which should mean that you always must consider the actual setup around the signal to reduce risk and so reduce possible drawdown (are there opositional trendlines, is the entry shortly before a pivot point, ....?). An autom. system will not can do this in a full manner.
So as I understood, it is no system for pure automatic trading. Perhaps if you make a backtesting on the automatic rules, you will get a positive result.
(But think at, that the results on the "paper" are never the results of the system, because of sometimes you do not get the price because of the bar is moving to fast after the signal, ... - you didn't entered because of news time at this bar, ....)

All traders I know are successful because of their knowledge of the market and do not only follow trading signales of their system.

If it would be so easy to gain money at the exchange/forex markets, I would have built a "trading machine" which is producing money for me and my friends. So I could concentrate on trading only for fun.
I am sorry, I do not have one, but if I am wrong and you find one - will you inform me please? Thanks.

best wishes
mibl

__________________
Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.

Good morning...

Nice short signal for the Euro!

Happy trading and many pips to all,

Marbo

Good Morning Blooms

Thanks for the indicators. Please help me to install the alarm clock.

I'm not bloom but may help.
Open bloom's zip-file. Inside you find the three wav-files used by the indicators. Save / Extract them to the folder "sounds" in the metatrader-program folder

mibl

__________________
Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.

Hi Marbo

I took this short in EURUSD based on
- price closing below
- StepMa_Stoch is short yet
- IND Inverse crosses downwards

But it is a more riskier (level 2). What is not so good indication at the moment is that the USDGBP is not in short mode and stays above his trendline. See attached chart.

mibl

Attached Images

hc_082.jpg (237.0 KB, 305 views)

__________________
Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.

Hi Mibl

Thanks a lot - I got it.

Good trading!

So now:
GBPUSD broke the trendline

USDJPY is ready to perform the next signal when current bar closes (stochMA_Stoch is already in long mode, Ind Inverse crosses long)

mibl

__________________
Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.

hi mibl,

but the signal for GBPUSD to late

seppl

Yes Seppl, you are right. But, I didn't mentioned that because as an entry-signal. The situation, short in EURUSD and an existing (not broken) trendline in GBPUSD made this trade (for me) riskier. That was, what I supposed. The break of the tl in GBPUSD was a good signal for my running short-EURUSD-trade.
I didnt take this short signal in GBPUSD because of the tl and afterwards because I went long in USDJPY. So I was too late for a GBPUSD-trade.

mibl

__________________
Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.