Hi, De Vinci!

Thank you and welcome on board!

Nina

hi Muram,
Why does the indicator missed the signal in the attached picture.

FX_TRADER

Attached Images

Q.jpg (156.9 KB, 783 views)

Yes, very nice and I was hoping for a little clarification.......

In a effort to help expand this wonderful indicator, I've been looking at the cross currency JPY for EURUSD; and on a day like today where the signals are minor, the signals on USDJPY, EURJPY, USDCAD, and EURCAD are multiple with measureable profit. Nina, do you have any comments on these pairs with CatFX50 from your experience. I know the pips spreads can be larger and not every pair is available from certain brokers(ie. EURCAD is not available on InterbankFX), but in a choppy market the crosses can tend to move. And with oil announcements CAD/JPY cross pairs can move quite a bit.

Any thoughts on the use of CatFX50 in these situations is helpfull.

Thanks,

Mookfx

Hi!

Today's recap"

Not a good day. Too choppy. Waiting mode.

EURUSD, sell at 1.2084. Made a low at 1.2066. +18 pips.
EURUSD, buy at 1.2089. Made a high at 1.2115 so far. +26 pips.

USDCHF, buy at 1,2813. Made a high at 1.2826. +13 pips. But let's imagine we do not close position at break even and we wait for our s/l of 34 pips.
Then, a lost of -34 pips.
USDCHF, sell at 1.2785. Made a low at 1.2749. +36 pips.

GBPUSD, sell at 1.7544. Made a low at 1.7485. +59 pips.
GBPUSD, buy at 1.7568. Made a high at 1.7578. +10 pips.

TOTAL= +115 pips.

Of course, as you well know, all these pips are hypothetical.

Nina

Hi, Mookfx!

You are right. But I use this system only on those three pairs: EURUSD; USDCHF and GBPUSD. However, you can plot the system on other pairs or tweak it for them.

Nina

Muram:

I still see a lot of missed trades with your revised indicator.

The indicator should give a buy signal when:

.- Price crosses up EMA50 and next bar opens above EMA50. Here, on that bar, we should see a blue arrow if StepMa_Stoch has crossed too and yellow line keeps above blue one. StepMa_Stoch must always validate the cross. ALWAYS!!!!

.- The opposite for sell.

Take cable today for instance: at 11:00CET, it opened above EMA50 at 1.7552. But StepMa_Stoch did not validate the buy and it was right. Price dropped to 1.7508 in 30 minutes. StepMa_Stoch had validated a sell at 1.7544 (09:30CET).

Though it is a temptation, we trade the crosses here. That means: when the cross between price and EMA50 and the cross between yellow and blue line on StepMa_Stoch occur at the same time, we have the opportunity to grab some pips in 98% of the coincidences.

We should take into account too that: when price is below EMA50 and yellow line is below blue one on StepMa_Stoch, the pair is bearish. The opposite is bullish.

Nina

Muram:

WE MUST WAIT FOR StepMA_Stoch TO VALIDATE THE TRADE.

EMA50 set at close.
StepMa_Stoch set at default.

Your indicator should give us the chance to tweak those values.

Of course. A new opened bar without being validated by StepMa_Stoch means NO TRADE.

Nina

Hi igorad,

Any updates on the "StepMA_Stoch_v1" indicator, that you have made.

Please post reply, if any. Thanks.

Muram and Nina,

I've gone in and done some testing on Muram's code. At this current structure, it is very specific to the cross happening the prior bar and the EMA50 cross happening on the current bar. I believe the missed signals are because of this. As per Nina's statement that the signal is stronger if the StepMA_Stoch cross happens just prior or at the same time as the cross of EMA50, I removed the code requiring that to happen. My reasoning is that the signal is only stronger when this happens, but if the StepMA_Stoch has already crossed and is favorable, we still have a valid signal. This appears to fill many of the missed signals being notice in Muram's current version. However, you will still find missed signals unless you voom in. One such potential missed signal I found happens on December 16th. I'm posting 2 images. The first image shows a zoomed out version that I spotted the potential missed signal on. The second is zoomed into the area of the chart where the EMA50 cross is. The StepMA_Stoch does not cross until after the open of the current bar which crossed EMA50. So my conclusion is, there will always be holes unless the indicator is modified to allow for the StepMA_Stoch to cross within a certain time frame after the EMA50 crosses. This is all assuming we wish to have these occurances to be valid signals. So please view the images, also I am posting my modification example to Muram's code. I hope this clears up some of the confusion.

One thought I did have is that the code could have 2 potential options for Buy or Sell arrows with different colors. One color could signal a cross of StepMA_Stoch in close proximity of a cross of EMA50 and the other color could signal a normal cross of EMA50 with StepMA_Stoch in a favorable position. It's just an idea. Anyways, here is the code and the images.

Mookfx

Attached Images

	catfx50_missing_cross.gif (32.2 KB, 720 views)
	catfx50_zoomed.gif (23.4 KB, 640 views)

Attached Files

CatFX50_v2mookfx.mq4 (3.9 KB, 410 views)