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Mouteki Trading

  • #2,901
  • Oct 4, 2006 10:11pm Oct 4, 2006 10:11pm
here you go, have a try at it
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File Type: mq4 [i] TDTL_v2.mq4   14 KB | 1,148 downloads
  • #2,902
  • Oct 4, 2006 10:12pm Oct 4, 2006 10:12pm
Quoting forexforex
Hi,
Thanks for the response.
Can you or someone plot the new trend lines for EUR/USD, and post it here please. I am still learning .

Thanks,
Ken
Sure, but this is based on my time zone

http://picnac.com/images/2380eurusd.gif
  • #2,903
  • Oct 4, 2006 10:21pm Oct 4, 2006 10:21pm
Nice, Thanks a lot.

So with this indicator, it plots both downside and upside trend projections. I just place the rest of lines like the highest high and point of intersection. ???

Thanks,
Ken
  • #2,904
  • Oct 4, 2006 10:24pm Oct 4, 2006 10:24pm
yep, just follow the manual
  • #2,905
  • Oct 4, 2006 10:26pm Oct 4, 2006 10:26pm
Has anyone made a kind of indicator to calculate the stop loss. Just Curious.

Thsnks
  • #2,906
  • Oct 4, 2006 10:28pm Oct 4, 2006 10:28pm
Quoting llambert3
Yes, 3 times and you are OUT.....
Thanks. And actually this wasn't very good example because the PP didn't actually get gigantic. But I think the example demonstrates one situation that could come up using Mouteki.
  • #2,907
  • Oct 4, 2006 10:32pm Oct 4, 2006 10:32pm
Not that I know of. I use a good old handheld calculator.
Quoting forexforex
Has anyone made a kind of indicator to calculate the stop loss. Just Curious.

Thsnks
  • #2,908
  • Oct 4, 2006 10:35pm Oct 4, 2006 10:35pm
Quoting ra300z
Thanks. And actually this wasn't very good example because the PP didn't actually get gigantic. But I think the example demonstrates one situation that could come up using Mouteki.
Hey, just so you know that isn't Mouteki's rule, just an observation of mine.
  • #2,909
  • Oct 4, 2006 10:48pm Oct 4, 2006 10:48pm
Quoting forexforex
Has anyone made a kind of indicator to calculate the stop loss. Just Curious.

Thsnks
It's not an indicator, but Mouteki has a stop application document to calculate how he uses a stop. Check link below. Though personally, I think stop loss can be objective by each individual trader.

http://www.forexfactory.com/forexfor...ead.php?t=8464
  • #2,910
  • Oct 4, 2006 11:08pm Oct 4, 2006 11:08pm
Hi All...

First of all, thank you to Mouteki for showing us all the light! This is an awesome trading strategy and am looking forward to following it closely.

My question was this for all you experienced ones out there...have you tried just straddling around the supply and demand lines? In other words, placed pending orders in both directions you think the price may break? We all know we have to look at the candle that breaks the trendline and the one after it... So could you enter pending entries say 20 pips above/below the s/d lines?

Could be completly off on this thought so please correct me if you see pitfalls to this additional personal trading style.

Thank you in advance for your wisdom!
EggyJ
  • #2,911
  • Oct 4, 2006 11:09pm Oct 4, 2006 11:09pm
  •  Trader#0000
  • | Status: Unregistered Trader
I'm doing the same as Horace, waiting until the open candle surpasses the low (for shorts) of the breakout candle. I've had a look back through mouteki's slides and this alone may save some anxiety. Booked in some pips, so now a free trade.
Attached Image
  • #2,912
  • Oct 4, 2006 11:25pm Oct 4, 2006 11:25pm
the best way to filter the false break is we must have supply and demand line established before the mouteki comes into play...
{Link Removed}]
  • #2,913
  • Oct 5, 2006 12:01am Oct 5, 2006 12:01am
Quoting akirax
How did you calculate? I read the article in the other thread but the example calculates buying pressure, is the calculation for selling pressure the exact same?

thanks
You just reverse it. If you calculate buying pressure you take the low and close and add it to close, if you calculate selling pressure you take the high and close and substract it from the close.

Hope it helps!
  • #2,914
  • Oct 5, 2006 12:06am Oct 5, 2006 12:06am
glad i kept my trade in on this one. turned out to be a great trade.
  • #2,915
  • Oct 5, 2006 12:08am Oct 5, 2006 12:08am
I went long here, price went up 40 pips, so +10 profit locked. Going for the full projected price of 157 pips. Lets see what time brings.
  • #2,916
  • Oct 5, 2006 12:13am Oct 5, 2006 12:13am
Surely it's best to use some discretion when setting a stoploss.

Mouteki has suggested that SL be less than 50% of the projected target. That's fine. In fact, SL should never exceed 50%. Just one of those general money management principles (before someone blows my head off for saying this, I'll qualify it: it may not apply to extremely high-win strategies or to scalping)....

While it's good to make sure that your SL is under 50% of your target, it's probably a good idea to also look at the most recent resistance/support levels to narrow your SL further.

Or, just an idea......if your 50% mouteki-rule-stoploss is further away than the 61% retracement of the most recent move (ie the move you're jumping onto with your trade), don't take the trade at all. Price often retraces back to 61% even after breaching the trendline (and forms head and shoulders, for example).

I hope this makes sense.

Lighty
"The market will rally from this or lower levels"
  • #2,917
  • Oct 5, 2006 12:16am Oct 5, 2006 12:16am
Kenari I don't understand. Please explain.
Quoting kenari05
the best way to filter the false break is we must have supply and demand line established before the mouteki comes into play...
  • #2,918
  • Oct 5, 2006 12:20am Oct 5, 2006 12:20am
Hi Gentlemen
I would be very grateful if u could send me the "HOW TO SETUP MOUTEKI SYSTEM AND ITS INDICATORS FILES" I looked in many threads but in vain.
Thanks
  • #2,919
  • Oct 5, 2006 12:25am Oct 5, 2006 12:25am
Hello all

Interest Rate Statement would deside the direction of bound, please becarfull as the market would be very volatile. my advise to watch what would happen

Thanks
  • #2,920
  • Oct 5, 2006 12:36am Oct 5, 2006 12:36am
Half profit taken in 117.55. Stop moved to b/e @ 117.79 on rest. 117.40 remains my target for now.
Always wait for the opportune moment… just be careful not to miss it.
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