Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Complicated - The Trading Song for Unsuccessful Traders! lolz 1 reply

Learning at the speed of snail [Newbie Learning Journal] 9 replies

TD Line Qualifiers and potential filters 56 replies

Mouteki Filters 67 replies

unsuccessful stock trader can succeed in forex? 14 replies

Attachments: Learning From Unsuccessful Mouteki Trades - The Search for Filters...
Exit Attachments

Learning From Unsuccessful Mouteki Trades - The Search for Filters...

  • Post #1
  • Quote
  • First Post: Oct 4, 2006 11:41am Oct 4, 2006 11:41am
Here we can post screenshots of trades that didn't work out. Perhaps we can come up with filters...
Attached Image
I'd say, wait and see what happens one more bar..

If we are playing the "filter game" I'll contribute.. I'll reedit when I post the pic..
google:
Quoting Horace Kent
Here we can post screenshots of trades that didn't work out. Perhaps we can come up with filters...
I also like to see a bullish/bearish candlestick, depending on supply/demand. In this case, I'd like to see a candlestick that opened higher relative to its close (filled)

I suppose a tell tale sign of whether a signal is a strong one: lower low in the next candlestick, and a filled candlestick.
still looking for the grail....


turbo
Quoting Horace Kent
Here we can post screenshots of trades that didn't work out. Perhaps we can come up with filters...
On the other hand the bar after the breakout bar could close 100 pips below the previous bar close and if you waited you would have missed it.
Quoting TheWicker
On the other hand the bar after the breakout bar could close 100 pips below the previous bar close and if you waited you would have missed it.

You dont wait for the bar to close...just wait for it to surpass the previous low
Nothing is hard, some things just take more time and discipline.
Quoting NipthePips
You dont wait for the bar to close...just wait for it to surpass the previous low
Sorry my mistake, missunderstood the answer.

In this case one could use it as a filter.
I thought you enter right when the bar opens and do not wait otherwise you will have lost profits. This was my undrstanding anyways.
Quoting Horace Kent
Here we can post screenshots of trades that didn't work out. Perhaps we can come up with filters...
Hi Horace Kent,

Good thread you started here, as I think we need to start looking for additional filters (preferably based on price - not lagging indicators).

The filter you mention is a great filter combined with Mouteki, in my opinion. This isn't the only time it would have kept us out of a false break. If it's not actually a false break, then we can always re-enter on the next TL break.
Quoting MNFX
I thought you enter right when the bar opens and do not wait otherwise you will have lost profits. This was my undrstanding anyways.
You are right MNFX, that's the original Mouteki system. Here, we are trying to find appropriate filters to cut out bad trades and lower the losses, that's all.
Quoting branac
You are right MNFX, that's the original Mouteki system. Here, we are trying to find appropriate filters to cut out bad trades and lower the losses, that's all.
I understand and I am on board to finding appropriate filters. I would also like to know and find out what Mouteki's filters are. With that said, it is my belief that we as traders sometimes must be forced to find our own method or tweak another method (Mouteki system) for it to fully utilized by are own trading styles.

Anyways, I look forward to finding filters out there keeping in mind that price action is the core.
Nothing with trying to make something better but really how many pips are you trying to make?

2nd you can only tell if somthing works over time... if you keep changing your will never know if it worked or didn't work.

It swing trading and w/ that comes large or larger stops... No body want to loose and I think the mouteki system is worth checking out but i think you have to give it some time.

if you think you found the grail and your going to start making 1000 pips month in and month out. i got news for ya mouteki wouldn't ever made the first post he be to busy sitting on the beach getting some rays... cause the system is pretty simple and i would just pay some monkey to sit and trade it all day for me...

just my thoughts...


turbo


Quoting MNFX
I understand and I am on board to finding appropriate filters. I would also like to know and find out what Mouteki's filters are. With that said, it is my belief that we as traders sometimes must be forced to find our own method or tweak another method (Mouteki system) for it to fully utilized by are own trading styles.

Anyways, I look forward to finding filters out there keeping in mind that price action is the core.
Thanks Horace you just cleared up something for me.. What in gods name is that blue x below the candle to the immediate right of the breakout candle .... Now I realise the x symbolizes no trade because the low is not lower then the breakout candle.. THANKS

I am running the Moutaki EA on a demo account and it never took the GU short so is the filter not already part of the EA.. Meaning the EA knows enough now not to enter trade?

Thanks,

Sanchez


Quoting Horace Kent
Here we can post screenshots of trades that didn't work out. Perhaps we can come up with filters...
Yes that is very true if you follow the system to precisely how it was designed.. However I think the poster is meaning that if you want to be ultra conservative you could wait for a completed candle on the opposite side of the demand line which is not touching rather then opening a trade upon seeing the open of the candle is on the southside of the demand line.

To me it makes sense.. You wont perhaps get as many pips on the downside if in fact it moves the direction of the indicators.. However the opposite is true.. You wont lose as many if the trade was not meant to be and turns against your position

Sanchez



Quoting NipthePips
You dont wait for the bar to close...just wait for it to surpass the previous low
I want to thank you also Daerus, you work on filters in the other thread was awesome! Good on you man. Together we'll come up with a killer method.

best,
HK
Quoting daerus
Hi Horace Kent,

Good thread you started here, as I think we need to start looking for additional filters (preferably based on price - not lagging indicators).

The filter you mention is a great filter combined with Mouteki, in my opinion. This isn't the only time it would have kept us out of a false break. If it's not actually a false break, then we can always re-enter on the next TL break.
No worries Sanchez!
Quoting sanchez
Thanks Horace you just cleared up something for me.. What in gods name is that blue x below the candle to the immediate right of the breakout candle .... Now I realise the x symbolizes no trade because the low is not lower then the breakout candle.. THANKS

I am running the Moutaki EA on a demo account and it never took the GU short so is the filter not already part of the EA.. Meaning the EA knows enough now not to enter trade?

Thanks,

Sanchez
I would have to say the jury is still out.

"You wont perhaps get as many pips on the downside if in fact it moves the direction of the indicators.. However the opposite is true.. You wont lose as many if the trade was not meant to be and turns against your position"

but i do look for do see what the results would be in 30days cause i'm sure your keep track if you did both.. and if your using a demo to begin w/ you should just run to demos.

turbo


Quoting sanchez
Yes that is very true if you follow the system to precisely how it was designed.. However I think the poster is meaning that if you want to be ultra conservative you could wait for a completed candle on the opposite side of the demand line which is not touching rather then opening a trade upon seeing the open of the candle is on the southside of the demand line.

To me it makes sense.. You wont perhaps get as many pips on the downside if in fact it moves the direction of the indicators.. However the opposite is true.. You wont lose as many if the trade was not meant to be and turns against your position

Sanchez
Quoting NipthePips
You dont wait for the bar to close...just wait for it to surpass the previous low
Oh, surpassing... now this is a better choice of word. Lol

Yes, I am inclined to agree then.
I am JuMPeR.
i think its a good idea to look for filters. with this filter which was described in the first post i would have avoided those losses which i had yesterday.
Attached Image
the other loosing trade (which could be avoided with this filter)
Attached Image
0 traders viewing now