Cat Fx50 is a forex trading strategy. Cat Fx50 is a trend following strategy. The system is easy to understand since it doesn’t have many indicators and the indicators used are really easier to understand and simple to use. The best time frame to trade using Cat Fx50 would be on M15, M30, and H1 chart since those pivot levels are clearly seen and applicable on those chart. The pivot levels look too congested on higher time frames than above mentioned time frame. There is an EMA 120 on the main chart which is purple in color. EMA 120 will help to figure out the major direction of the trend. And there is another custom made moving average called Fx Sniper’s MA which is basically a moving average but it changes the color as the direction of the market changes.
There are altogether six indicators on the main chart but we will use only four indicators for making our trading decisions. When the Cat Fx50 system is correctly loaded on your trading platform your chart should look like this:
- EMA 120
EMA 120 is one of the major indicators of Cat Fx50 forex trading system. It is mainly responsible for signaling the direction of the trend. Since the period use in EMA is really big, the EMA 120 shows the long term trend if you are using on higher time frames.
- Fx Sniper’s MA
This indicator also makes the job of figuring out the trend easier as it changes its color once the market direction changes.
- Pivot
Pivot points can be used for pointing out the potential support and resistance levels and determining take profit and stop loss levels too.
- Max Bars To count
Max Bars to Count Indicator consists of histogram that fluctuates in positive and negative territory. Max bars to count indicator being in positive territory indicates the bullish pressure in the market while the Max bars to count indicator being on negative territory indicates the bearish pressure in the market.
Buying Conditions Using Cat Fx50.
- Price should be above the EMA 120 and Fx Sniper’s MA.
- Max Bars to Count Indicator should be in positive territory.
- Place your stop just below the recent swing.
- Take your profit when the price falls back to touch the Fx sniper’s MA.
Note that you can use pivot levels to determine your TP and SL levels.
Selling Conditions Using.
- Price should be below EMA 120 and Fx Sniper’s MA.
- Max Bars to Count Indicator should be in negative territory.
- Place your stop just above the recent high.
- Take your profit when the price rises higher to touch the Fx sniper’s MA.
Note that you can use pivot levels to determine your TP and SL levels too.
Open demo account to test this system.
Download Free Forex Cat Fx50 Strategy
