there was level 4 in london and ny sessions today

Hello, I agree with Harold, stick to the system, and you will eventually make money once you master it.
I ve been making a consistent 1.5-2 % equity increase per week over the last 2 months, max daily risk 1%, trading only euro and gbp with less than 0.5% risk per trade.
I put all VALID cat50fx signals, (level 1,2 and 4) don t even look for level 3, and use a no brainer exit strategy.
Just stick to it and watch price action, once you are confortable with it you will trade it with confidence.
And remember that losses are necessary to make money.

Regards.

when you say a no brainer exit what do you mean?

Close 2/5 th with 15 pips (92% success rate)
close 1/5 th with 30 pips (84%) SL of remaining 2/5 th at Break even
close 1/5 th with 45 pips (80%)
close 1/5 th with a TSL of 30 pips

they are all set at the time of entry, with limits, I only change sl after i close with 30 pips.

Regards.

if you start with 5 lots and you lose 30 pips you take a beating

HI maties, been scalping most of today. Certainly keeps you on the ball. All good practice, made some useful pips

Nice to see you back Harold

I didn t say to trade 5 lots, you can trade 10 minis and close 2 minis each time, if you can t trade 1 reg lot, you can trade 5 micros (half a mini), always respecting 0.5% per trade and 1% per day.

Yes, if you get stopped out you loose 0.5% of your account, but i don t see that as a beating.
If you think in "lot" terms, it may look like a lot of money, but money management wise, it s a reallly small loss.
I m just saying what i do, not recommendig to do it, i do recommend that if you want to make money stick to a system (in this case cat50), just as you said.

I used that % because it is what i am willing to loose per trade and per day, if the 1% gets hit (2 full stops), then i don t trade anymore that day, simple as that, if i am already commited 1 %, don t add anymore posittion, unless i have taken a profit.

I ve found much more easy to think on % rather than pips, if you make the math how much are you risking on each trade in % terms you might get shocked.

Of course higher % risk will yield higher returns, but you never know when you can get a streak of loosing trades, if you have a 5 k account (or trading money, wherever it is) you can not expect to make 2 k a month of profit, in the end the market will make you pay.

Hope it helps,

Wow what a thread! Being a newcomer it's overwhelming to try to digest it all...

I plowed thru to about page 45. There were a couple versions of an EA being created by Kalenzo and Muran. Upgrades and more upgrades.

So without going thru the several hundred posts between then and now...

What are the newest or most refined to date versions of the system on mg4?

Also a question for nina (and anyone else who wants to comment)...

How well do you feel that the EA's are doing at executing your rules, where do you see the strengths and weaknesses of the present constructions? Where is there room for improvement?

No, Harold, I am still sticking to CatFX syst. Try to learn to earn pip by pip. But b/c moneyline was taking trade outside the catfx time line. It is worth to look at, if it gain us some pips. Anyway, Thanks to Nina, and You and all the Code experts. Trading is more profitable. Thank you...

sovo

Hi Aaragorn, if you click on top of the page CatFx50, it will links you to all the sub-forum of this huge thread. There, you will find most of what you are looking for. All the latest Indicators and notes on the catfx50. I defintely start there first. Just my 2 cents...Good luck to you and have fun reading the thread.