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Mouteki Trading

  • #1,321
  • Sep 25, 2006 12:10am Sep 25, 2006 12:10am
Quoting daerus
The mouteki indicator draws the lowest(or highest) points without waiting for the close of the second bar. In other words, right now, that's the lowest point, with two bars on the left and two bars on the right (even though the second bar on the right isn't complete).

So, technically, the level 2 TD lines would be the correct lines at this point, until the close of the current bar.

Hope that makes sense.
OK. But what about this ?
Attached File(s)
File Type: zip indicators.zip   48 KB | 957 downloads
  • #1,322
  • Sep 25, 2006 12:23am Sep 25, 2006 12:23am
All three done on Sunday. I am up 31 pips this week so far! No losses. Real money (Not demo). Thanks for sharing your method. May God bless you.
  • #1,323
  • Sep 25, 2006 12:23am Sep 25, 2006 12:23am
Hi, forexpips:

That's all right. I know sometimes backtesting result is not very reliable, but that's when either there are bugs in the EA, or bugs in the MT tester or the system itself needs discretionary. I think MT4 has improved its tester a lot and deserve some credits. And for Mouteki system (the part already released), it's purely machenical and perfect for EA programming.

As for my EA, it may still have bugs. But I did check the trade it takes and I think it follows the rules (well, the part I understood) pretty well.

As for the profit projection calculation, I have attached how I calculated it. I chose the white bearish bar to calculate profit projection because its high is the highest in the period. I will be glad if you can point it out where I am wrong. I hope Mouteki is a successful system too, otherwise I won't spend my time to make EA for it.

Happy trading.

aha


Quoting forexpips
Hi Aha,

I'm sorry that my post offended you, that was never my intention. Forgive me.

Yes I did see your result chart. I also downloaded the EA and ran it myself. Modeling quality was 57%.

Regarding the profit target, it is EXACTLY derived from the method described by MOUTEKI himself. You may check it and triple check it, and I invite others on this forum to verify that the target for this trade is indeed 185 pips.

You got stopped out because an EA cannot trade this method.

Again, I'm sorry if I offended you. Others, please check the projection for this trade and post your result.

Thanks.
Attached Image
Target: Trading naked.
  • #1,324
  • Sep 25, 2006 12:26am Sep 25, 2006 12:26am
Quoting jj7000
All three done on Sunday. I am up 31 pips this week so far! No losses. Real money (Not demo). Thanks for sharing your method. May God bless you.
What 3 trades were they jj? May I ask?

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #1,325
  • Sep 25, 2006 12:30am Sep 25, 2006 12:30am
Quoting aha
Hi, forexpips:

That's all right. I know sometimes backtesting result is not very reliable, but that's when either there are bugs in the EA, or bugs in the MT tester or the system itself needs discretionary. I think MT4 has improved its tester a lot and deserve some credits. And for Mouteki system (the part already released), it's purely machenical and perfect for EA programming.

As for my EA, it may still have bugs. But I did check the trade it takes and I think it follows the rules (well, the part I understood) pretty well.

As for the profit projection calculation, I have attached how I calculated it. I chose the white bearish bar to calculate profit projection because its high is the highest in the period. I will be glad if you can point it out where I am wrong. I hope Mouteki is a successful system too, otherwise I won't spend my time to make EA for it.

Happy trading.

aha
Hi Aha,

Your projection was correct, I got the same number. 94 pips. I made an error in calculation. Still the trade was positive.

Another rule you may want to add to the EA, if you have a second trade in the same direction as the first, the projection changes to that of the second trade. So our projection would increase in this case.

best regards
  • #1,326
  • Sep 25, 2006 12:31am Sep 25, 2006 12:31am
Quoting tomstaufer
OK. But what about this ?
The demark indicator looks like it takes into account equal or lesser candles on either side of the high candle.

The Mouteki indicator only takes lesser candles.

The two circled candle highs on the chart attached are of equal value, so the demark found the candle circled on the right. This candle has two candles on either side with equal to or less than values to the high of the main candle.

The Mouteki didn't find this.

http://picnac.com/images/4817chart.jpg
  • #1,327
  • Sep 25, 2006 12:38am Sep 25, 2006 12:38am
Quoting jarroo
What 3 trades were they jj? May I ask?

Jim



Here are my three trades. All three broke the supply line. NZD/USD CHF/JPY, USD/JPY.
  • #1,328
  • Sep 25, 2006 1:37am Sep 25, 2006 1:37am
If cable breaks long, are we really targeting 460 or so pips?
Attached Image
  • #1,329
  • Sep 25, 2006 1:48am Sep 25, 2006 1:48am
Quoting forexpips
If cable breaks long, are we really targeting 460 or so pips?
I like to see it break the Monthly trend line first.
If it does, I'm with you forexpips.


Jim
Indicators show the past. Price Action "Indicates" the future.
  • #1,330
  • Sep 25, 2006 1:56am Sep 25, 2006 1:56am
First of all, I am very excited by the growth of this thread. Thanks to all who are contributing and helping out when I am not around. There are some great minds in here. Sorry for not being around so much but it seems the time I have to spend on this thread goes to combing through hundreds of posts at a time. It is impossible to find things in this thread to. So, I decided to host a free forum dedicated to the vast community of "mouteki" traders. With a forum dedicated strictly to this method, traders will have a more organized place to talk about and research the method. I will try to spend as much time as possible working on the site but ultimately it is up to you great people if this succeeds or not. The site is fairly simple and contains mostly what I have already released here. But I have created several different threads to organize things. More to come from me in the forum in the near future. Good luck to all and I appreciate the tremendous response to my thread.

you can find the forum here: www.moutekitrading.proboards84.com you do have to register for the forum but it's FREE.
  • #1,331
  • Sep 25, 2006 2:12am Sep 25, 2006 2:12am
great forum... already registered.. see you there ...
  • #1,332
  • Sep 25, 2006 2:21am Sep 25, 2006 2:21am
Quoting wan_grunge
great forum... already registered.. see you there ...
Sounds good
  • #1,333
  • Sep 25, 2006 2:40am Sep 25, 2006 2:40am
yeah...
i like to enjoy in you room,
to learn more about your methode..and thanks a lot mouteki..
i like your methode..that's simple but powerfull.
thanks
  • #1,334
  • Sep 25, 2006 3:21am Sep 25, 2006 3:21am
I register and get activation email with link but when i put username and password it dont accept so i try username and activation code and it dont accept neither. I try many times - anyone help please?
  • #1,335
  • Sep 25, 2006 3:25am Sep 25, 2006 3:25am
great.. more organised.. registered.
  • #1,336
  • Sep 25, 2006 3:29am Sep 25, 2006 3:29am
Quoting driftwood
I register and get activation email with link but when i put username and password it dont accept so i try username and activation code and it dont accept neither. I try many times - anyone help please?
What is the error message?
I am JuMPeR.
  • #1,337
  • Sep 25, 2006 3:38am Sep 25, 2006 3:38am
Quoting jumper
What is the error message?
I am in now it was my firewall
  • #1,338
  • Sep 25, 2006 3:39am Sep 25, 2006 3:39am
Quoting jumper
What is the error message?
I see he has registered so he should be ok, if not let me know...I can help!
  • #1,339
  • Sep 25, 2006 3:40am Sep 25, 2006 3:40am
hello mouteki...i want to join your room, i have registered, but when i click ur link i can't find it. So can u tell me where is ur room!
  • #1,340
  • Sep 25, 2006 3:41am Sep 25, 2006 3:41am
Quoting driftwood
I am in now it was my firewall
LOL... a very strong firewall I see... *gulp*
I am JuMPeR.
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