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LinkBack (187) | Thread Tools | Display Modes |
02-22-2006, 10:27 AM
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Here is one simple model of the Nina EA system and the typical profit graph.     
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02-22-2006, 11:28 AM
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But because of going to lunch, second step didn't take place and with luck the rest hit the target profit before Fibo-Supp 3. Nevertheless the USDJPY trade is running, but here it could be possible that the long indication will not hold on and the trade must be close with a loss.
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Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself.
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02-22-2006, 11:48 AM
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mibl good morning,
could you explain your risk reward a little with your stoploss? you mention you make exits in 3 parts, what happens if the trade losses? is that i used to take 3 lots and scale in 3 places but when the stoploss is hit , sometimes by scaling you dont manage to get what a loss gives you multiplied by 3. 
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02-22-2006, 12:01 PM
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3 or 4 exit points based on fibo-pivots. I close the first portion when fibo 1 is reached and trail the initial stop to entry. The next steps are the same way. The last (4th) I let run until a trailing stop catches it. 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.
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02-22-2006, 12:17 PM
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Additionally: My initial stop depends on the chart setup. (lows/highs, last candles formations, trendlines, ...). It is not allways 34 pips, I think that isn't necessary for all setups. You are right: The 3 or 4 steps means that in the drwadown-case you loose the whole 3 or 4 portions. Than only makes sense when your profitable trade count is a lot more and your absolute profit per trade is bigger. At the moment this is 5 winners to 2 loosers and one already running trade. But during times where the variation of the market is small the fibos are narrow to the ema, so better the time where the variation is higher. But be careful - I am indeed experienced in trading for years, but my experience with CatFX is only based on 7 real (small) money test trades the last days and 3 weeks following the system on the charts without real trading. At the moment I test the system in real live trading, but only with a small lot-size and up to now it is profitable. 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.
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02-22-2006, 12:44 PM
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Let's say we have a situation like in USDCHF this morning.
The 9:00 CET candle opens above EMA and creates a signal. StepMA stoch did not validate the signal yet. Then the 9:30 candle recrosses the EMA to the downside again, still no validation from StepMA Stoch. The 10:00 CET candle finally crosses the EMA to the upside again and we get the validation from StepMA. What would we do then? Probably still trade it but consider it more risky? Because of the hesitation to cross the EMA. Can this nullify the signal?
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02-22-2006, 01:10 PM
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At my chart there was no crossing of StepMA_Stoch before the 11:00 (cet) bar built up?  But it's a pity - the movement would have been very profitable...
__________________
Never trade with money which you need to make a living *** I trade with my money based on my decisions *** Please decide for yourself. Last edited by mibl; 02-22-2006 at 01:17 PM.
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02-22-2006, 01:30 PM
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concerning the cable today at 830 gmt there was a clear break of rma 50 BUT nina step ma stoc did not cross it crosses after next candle but its 35 pips away meanwhile the original step stoc and step rsi and ind all crossed at same time as price did this step ma stoc to erradic for my taste
Last edited by harold4x; 02-22-2006 at 01:47 PM.
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