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Mouteki EA 0.4 : profitable ? 2 replies

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Attachments: Is Mouteki really profitable??
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Is Mouteki really profitable??

Quoting jumper
I am waiting for someone to lambast you again for the wild claims you seem to be making.
<TABLE class=tborder cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 112010" vAlign=top><TD class=alt1 align=middle width=125>divinefund</TD><TD class=alt2>I am the fan of mouteki method and using this strategy give me better understanding of the trend line and projected profit. The exit strategy and SL is also well done by Mouteki but I do have my own method as mentioned in Mouteki method group before.

If you just follow Mouteki trading method with strict money management ( that is don't trade more than 5% of your capital per trade and downdrawn should be less than 15% ), close half the trade when profit is more than 50% of the projected profit and let the balance of the trade earn more profit by using TS as mentioned by Mouteki. Then it is not difficult to have a monthly profit return of 50% of the total capital.</TD></TR></TBODY></TABLE>

Hi there Divinefund.

Glad to hear your trading is going well but I don't understand your money management.Are you saying that you are prepared to risk 15% of your capital on each trade or did I misunderstand what you meant with "downdrawn should be less than 15%.

Please explain what you mean because if you mean you will risk 15% of your capital per trade you wont be trading for long ol buddy.

Don't take offence to this.Maybe I misunderstood you and then I apologize for that.

Cheers
I opened a demo account last Wed. I am up $3200 with 75% winners. I trade MM with the following changes. I typically use a 40 PIP take profit. If the projection is over 100 PIPS, I use 50 TP. I may be leaving pips on the table, but I prefer money in the bank. I always use a 30 PIP Stop Loss. Just my style and for me it works. I will trade in demo for 1 month and if the winning percentage continues, I will go live in Nov.

Mouteki is the best thing I have seen in forex.

Thank you Mouteki!
Believe and Achieve!
Quoting sirwolf
I opened a demo account last Wed. I am up $3200 with 75% winners. I trade MM with the following changes. I typically use a 40 PIP take profit. If the projection is over 100 PIPS, I use 50 TP. I may be leaving pips on the table, but I prefer money in the bank. I always use a 30 PIP Stop Loss. Just my style and for me it works. I will trade in demo for 1 month and if the winning percentage continues, I will go live in Nov.

Mouteki is the best thing I have seen in forex.

Thank you Mouteki!
Hi Sirwolf, not to be a sourpuss, but doing so violates the first fundamental rule of long term profit...

You are letting your losses run its course, but cutting your profits..
google:
Quoting twoblink
Hi Sirwolf, not to be a sourpuss, but doing so violates the first fundamental rule of long term profit...

You are letting your losses run its course, but cutting your profits..

buahahaha another good one.. nearly fell outta my chair on that one.. stop doin tht !! oh btw i had a USDCHF trade exited at +60 today also
BECAUSE I CAN !
Quoting SeekingLight
Hi!
Just wanted to add:
I believe that no matter what the results are, this system teaches everyone two very very important aspects of trading:

1. You can trade profitably off of higher timeframes
2. Trading takes patience and faith in your trade (= not exiting early e.g.)

Overview is more important than chasing 1M, 5M, 15M timeframes

Good luck with everyone's trading!
SeekingLight

very well defined, well done
Regards
To each his own, I say

Quoting twoblink
Hi Sirwolf, not to be a sourpuss, but doing so violates the first fundamental rule of long term profit...

You are letting your losses run its course, but cutting your profits..
Trade what you see - Not what you think
Quoting sirwolf
Mouteki is the best thing I have seen in forex.

Thank you Mouteki!

Someone hasn't seen much of Vegas or James16
Trust price. Know yourself.
i have been trading before Mouteki a system on the 5min and 15min chart and i had attached ~5 indicators and now i have no indicators attached only some simple trendlines. i like it :

its much more easier and much more profitable for me

If I may say something in fairness, Sirwolf doesn't seem to be letting his losses run and cutting his winnings short. He mentioned he always uses a 30 pip SL, and a 40 pip/50 pip TP. This is larger than a 1:1 reward:risk and since he did not say that he will be adjusting his SL or TP manually, I don't find anything amiss at all.
I am JuMPeR.
On your blog you are showing 4 h time frames. I swing trade 4h and dailys but I need to make trades during the day to keep my interest level high so I'm always looking for shorter time frame systems. would you elaborate on TL's on the 5 and 15. I just don't see it


Quoting ART_1_
i have been trading before Mouteki a system on the 5min and 15min chart and i had attached ~5 indicators and now i have no indicators attached only some simple trendlines. i like it :

its much more easier and much more profitable for me

Trade what you see - Not what you think
since yesterday evening.. 3 big gains.. 2 medium losers.. and the losses happened on minor currency pairs.. any1 had any success trading minor pairs with this method?
BECAUSE I CAN !
Quoting YasirYar
buahahaha another good one.. nearly fell outta my chair on that one.. stop doin tht !! oh btw i had a USDCHF trade exited at +60 today also
I understand.. I am too stupid to see the King's clothing...
google:
I'm just wondering what pairs people are having the most success with?

Cheers,
b
Quoting b-rock
I'm just wondering what pairs people are having the most success with?

Cheers,
b
GBPUSD and USDCHF... dunno about others.. any ideas guys??
BECAUSE I CAN !
GBP/CHF and NZD/USD are the best for me. Actually you have to test it for yourself really.
Quoting TheWicker
GBP/CHF and NZD/USD are the best for me. Actually you have to test it for yourself really.
Oh, don't worry, I have been testing it. But I am just curious what others have found. I find it's hard to keep track of too many at once, so if others are using different pairs, it might help out somewhat
Quoting TheWicker
GBP/CHF and NZD/USD are the best for me. Actually you have to test it for yourself really.

hey.. i lost on EURUSD and AUDUSD trades overnight wheni used this method on them.. im pretty sure the lines i made were fine...a nd only entered the trade when it broke the line.. a new candle above the line.. but then it came back. any1 in the same trades overnight?? any ideas guys??
BECAUSE I CAN !
Yes, just as in any method, there are no 100% correct systems. Take you lumps with your wins... and over all you will be successful.



Quoting YasirYar
hey.. i lost on EURUSD and AUDUSD trades overnight wheni used this method on them.. im pretty sure the lines i made were fine...a nd only entered the trade when it broke the line.. a new candle above the line.. but then it came back. any1 in the same trades overnight?? any ideas guys??
Quoting smjones
Yes, just as in any method, there are no 100% correct systems. Take you lumps with your wins... and over all you will be successful.
errr its seems that the lumps are bigger than the wins.. i lost all the cash i won last night.. plus i made the right trendlines.. any ideas?? does this work on any specific p pairs guys??
BECAUSE I CAN !
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