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Mouteki Trading

  • #2,161
  • Sep 29, 2006 5:00pm Sep 29, 2006 5:00pm
Quoting navadwipa
Hi everyone,

Need some help here. on my 4h chart. I can so longer draw a demand line. I see another possible short signal but my chart on the left is too high to draw a demand line. Any suggestion? i'm not sure i want to go short but i just want to know if the second point to the left is off the chart, does it count?
Are you using MT4?

If so there is are zoom+ and - buttons on the menu bar, if you zoom - it will show a greater time period that should allow you to draq the trend line.
  • #2,162
  • Sep 29, 2006 5:06pm Sep 29, 2006 5:06pm
Thank you very much, big help! Have a nice weekend. God bless.
  • #2,163
  • Sep 29, 2006 5:18pm Sep 29, 2006 5:18pm
This week Entry on USD/CHF

Target Hit.
Attached Image
  • #2,164
  • Sep 29, 2006 5:23pm Sep 29, 2006 5:23pm
End of the week wrap up.

7 Winning trades
6 losing trades.

3 trades lost because I hadn't followed the Mouteki stop rule. Two of which would have gained 100 pips, 40 on one and 60 on another. One was the proper stop but was stopped out anway. One short trade taken 10 pips from the 100% fibb line which hit and then reversed quickly. One long trade taken as the first candle that broke the trend stoped smack dead on the 61% fibb line and then reversed big time. One trade was not following the Mouteki method at all. All in all I would have lost two trades and showed a profit had I followed the rules exactly. Not bad, not bad at all. I can't wait for next week to roll around.
  • #2,165
  • Sep 29, 2006 5:27pm Sep 29, 2006 5:27pm
Quoting Nobita
May be this will become out of topic. (Sorry then). I feel curious about your arrow in the chart. What arrow exactly that is ? Thank you.
It is AscTrend_Sound.mq4 a good indicator.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #2,166
  • Sep 29, 2006 5:57pm Sep 29, 2006 5:57pm
Quoting imbiber
End of the week wrap up.

7 Winning trades
6 losing trades.

3 trades lost because I hadn't followed the Mouteki stop rule. Two of which would have gained 100 pips, 40 on one and 60 on another. One was the proper stop but was stopped out anway. One short trade taken 10 pips from the 100% fibb line which hit and then reversed quickly. One long trade taken as the first candle that broke the trend stoped smack dead on the 61% fibb line and then reversed big time. One trade was not following the Mouteki method at all. All in all I would have lost two trades and showed a profit had I followed the rules exactly. Not bad, not bad at all. I can't wait for next week to roll around.

my results for this week. a few trades(2 or 3) werent mouteki based and i closed all opened trades some hours ago becos of the weekend...

but that are only DEMO results... however +900pips are nice

thx mouteki
Attached File(s)
File Type: zip this week demo.zip   8 KB | 739 downloads
  • #2,167
  • Sep 29, 2006 6:02pm Sep 29, 2006 6:02pm
Horace,

I went through your trades, and the times of entry are all over the place. Some seem to be (approx) an hour before the signal, and some an hour after the signal......but you can't argue with success.

On that note, I wonder if anyone has tried an earlier entry. For example, still using the trendline from the 4 hour chart, let's say looking for a Long Entry, but then if the 1-hour or 2-hour chart opens over the same trendline, then take the trade.

The reason I'm wondering, is that sometimes the market moves 100+ pips over the trendline before a new Open on the 4-hour chart, and all that profit is missed.
  • #2,168
  • Sep 29, 2006 6:13pm Sep 29, 2006 6:13pm
I apologize if this has been answered before.

Is the document that is referred to in this method posted here in this thread. I am just joining this discussion and see people referring to the document but don't know where it is.

Thanks
  • #2,169
  • Sep 29, 2006 6:20pm Sep 29, 2006 6:20pm
Scott,


Look in thread " Mouteki Material "
Warning, lack of trading is dangerous to your survival......
  • #2,170
  • Sep 29, 2006 6:36pm Sep 29, 2006 6:36pm
Quoting Scott
I apologize if this has been answered before.

Is the document that is referred to in this method posted here in this thread. I am just joining this discussion and see people referring to the document but don't know where it is.

Thanks
http://www.forexfactory.com/forexfor...ead.php?t=8464
  • #2,171
  • Edited 7:09pm Sep 29, 2006 7:05pm | Edited 7:09pm
Quoting navadwipa
According to the Mouteki system, once the demand line can no longer be drawn north of a horizontal line,180 degrees, then there is no question of getting a signal to go short. Is this correct?
I don't think anyone responded to your question. However, I am not sure what you are asking exactly. Can you post a chart so I can see?


EDIT: Looks like you got this resolved on another board, so nevermind.
  • #2,172
  • Sep 29, 2006 7:44pm Sep 29, 2006 7:44pm
This is a setup from Sept on USDCHF. It would have stopped out. This is a short I would have taken if I had been trading. Is this a mouteki that would have been stopped out for a loss, or did I interpret the chart incorrectly?
Attached Image
  • #2,173
  • Sep 29, 2006 7:52pm Sep 29, 2006 7:52pm
Quoting moutekitrader
as in live trades I enter and exit a lot differently than just according to this method in this forum.
Thought so. Like this morning I had +160 pips in equity I only closed GBPUSD and did not interfere my EA for other trades, now all the trades are stopped out with a loss except one still hanging there with -3 pip.

As for backtesting I welcome everyone who is interested taking the advantage of the Mouteki EA in the post #5 in the following thread:

http://www.forexfactory.com/forexfor...ead.php?t=8491

If you find bugs please post your charts in the thread I will debug it.

To find bugs, you can use the strategy tester run a backtest on a chosen set of data and click on the "open chart" button at the right of the tester window, that will launch a chart includes the trades the EA made. By manually checking the setups in the chart, you can find if the EA is following Mouteki system. If the EA is honestly following the system, then the backtesting result should be reliable.
Target: Trading naked.
  • #2,174
  • Sep 29, 2006 7:55pm Sep 29, 2006 7:55pm
Personally I have to agree.. My price projection on GU was within 2 pips on a short.. Today it started to go back up and it has passed through my supply line so I am anticipating the price going up although at the time of this writing I have yet to figure out the price projection.

GU is going up

Sanchez

Quoting megatoamigos
are you sure..gbp/usd will go to uptrend..
  • #2,175
  • Sep 29, 2006 7:57pm Sep 29, 2006 7:57pm
hi MT (moutekitrader), can you make your doc STOPLOSS instruction in PDF format ZIP, i can't download it. I do not know why?...maybe you can help me...or anybody can do this for me....thanks a lot.
  • #2,176
  • Sep 29, 2006 7:59pm Sep 29, 2006 7:59pm
Question for mouteki, are there any times during the week where you do not trade? Do you carry positions over weekends? Thank you kindly
  • #2,177
  • Sep 29, 2006 8:38pm Sep 29, 2006 8:38pm
only bug is sometimes it opens trade one bar late. this can be costly.



Quoting aha
Thought so. Like this morning I had +160 pips in equity I only closed GBPUSD and did not interfere my EA for other trades, now all the trades are stopped out with a loss except one still hanging there with -3 pip.

As for backtesting I welcome everyone who is interested taking the advantage of the Mouteki EA in the post #5 in the following thread:

http://www.forexfactory.com/forexfor...ead.php?t=8491

If you find bugs please post your charts in the thread I will debug it.

To find bugs, you can use the strategy tester run a backtest on a chosen set of data and click on the "open chart" button at the right of the tester window, that will launch a chart includes the trades the EA made. By manually checking the setups in the chart, you can find if the EA is following Mouteki system. If the EA is honestly following the system, then the backtesting result should be reliable.
  • #2,178
  • Sep 29, 2006 8:48pm Sep 29, 2006 8:48pm
I'm very impressed with Mouteki's Trading System. I have read the manual extensively, and I cannot seem to find a method for calculating the stop loss on entry to a trade.

I may have missed it or it may have been posted on this thread and I might have missed it, but could someone please explain to me how a stop loss is calculated for the Mouteki Trading System.

I have heard it a couple of times on this thread that if a Mouteki trade does not reach it's limit, it is stopped at +10 pips. Can someone clarify on this please.

Thanks in Advance
_______________ Say Good-bye to Buy-and-Hold
  • #2,179
  • Sep 29, 2006 8:49pm Sep 29, 2006 8:49pm
Quoting deltaworld
I'm very impressed with Mouteki's Trading System. I have read the manual extensively, and I cannot seem to find a method for calculating the stop loss on entry to a trade.

I may have missed it or it may have been posted on this thread and I might have missed it, but could someone please explain to me how a stop loss is calculated for the Mouteki Trading System.

I have heard it a couple of times on this thread that if a Mouteki trade does not reach it's limit, it is stopped at +10 pips. Can someone clarify on this please.

Thanks in Advance
See Mouteki Material thread
  • #2,180
  • Sep 29, 2006 8:51pm Sep 29, 2006 8:51pm
Quoting deltaworld
I'm very impressed with Mouteki's Trading System. I have read the manual extensively, and I cannot seem to find a method for calculating the stop loss on entry to a trade.

I may have missed it or it may have been posted on this thread and I might have missed it, but could someone please explain to me how a stop loss is calculated for the Mouteki Trading System.

I have heard it a couple of times on this thread that if a Mouteki trade does not reach it's limit, it is stopped at +10 pips. Can someone clarify on this please.

Thanks in Advance
http://www.forexfactory.com/forexfor...ead.php?t=8464
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