Nina's CatFx50

Here you are with the easiest system of the FOREX world.

Plot an EMA50 on majors. Time Frame 30.

We play the cross here. You buy when price crosses EMA50 and next bar opens above it. And the opposite for sell.

Can you tell me how many pips could you have made today on cable?
And yesterday?
And on Monday?

Great, isn't it.

You only need an EMA, a single, naked EMA.

Are there false signals? Yes, mates. There are. But, if you are not greedy and avoid news time, you make more wins than loses.

Today cable was a sell at 1.7384 and it has made a low at 1.7290.
CHF was a buy at 1.3076. It has made a high at 1.3159.
EUR was a sell at 1.1772. It has made a low at 1.1703.

Could we avoid false signals? Yes, we can or reduce them at minimum.

Enjoy!!

To be continued

Nina

UPDATE 16-03-06:

RECAP of CatFX50:

Plot Hist_Step_MA_Stoch_KV1_Ex_02 set at 2000 bars.
Set filters on Step: +0,04 and -0,04.
Plot Inverseind with EMA50 (optional).
Plot EMA50 on chart.
TF: 30 minutes.
Trade time: 08:00cet to 18:00cet

Standard or Level 1 signals:

Buy when price crosses EMA 50 and new bar opens above. StepMA_Stoch must be green.

Sell when price crosses EMA 50 and new bar opens below. StepMA_Stoch must be red.

If price and StepMA_Stoch crosses are simultaneous, the better.

Level 2 signals (riskier):

For instance, when price is above EMA 50 with StepMA_Stoch in green. Price then opens one bar at least below EMA 50 and StepMA_Stoch keeps in green mode. When price opens again above EMA 50 with StepMA_Stoch validating (green), we can buy. The opposite for a sell.

Level 3 signals (riskier):

For instance, we are in bullish mode: price above EMA 50 and StepMA_Stoch in green. Suddenly, price goes down crossing or without crossing EMA 50 and obviously without opening below it. StepMA_Stoch changes to red. We buy when price goes up again always validated by StepMA_Stoch that should change to green again.

Something to take into account:

Pairs to trade: EURUSD, USDCHF and GBPUSD.

When bar opens more than 20 pips above/below EMA 50, the signal is riskier.
Plot FiboPivots and Camarilla L3 - L4 and H3 - H4.
Do not buy/sell, for instance, EURUSD because GBPUSD has a signal. Wait for the signal to come in each pair you want to trade.

FOCUS, PATIENCE AND DISCIPLINE.

Level illustrated: