Mouteki Indicators

The thread is SO BIG, I can't find anything in it anymore, and FF doesn't have a "search within a thread" function..

So..

I hope we can throw some indicators HERE in this thread. So NO DISCUSSIONS, just indicators. Questions about how to use the indicator or what certain specific indicator items mean..

I've attached a VT "system" it doesn't do much excepts highlights the bars to use as support and resistance.

Orange for support, Yellow for Resistance.

Here's the one I use:

Greetings everyone,

I've modified (by request) the Demark trend indicator to give alerts and email alerts. I've set it up to send alerts when the price closes above/below a trendline. The modification also includes customized colors and line widths. These settings (and turning alerts/EmailAlerts on/off) are in the setup screen of the indicator.

I've tested it on 1m and 5m charts and it seems to work ok. Of course, as programmers (and I'm not one of them!) say "there's always one more bug".

Suggestions, complaints, lawsuits are very welcome.

All the best
Lighty

Greetings again,

Here's a mouteki indicator someone has sent to me. I haven't tested how accurate it is but had a quick look (just over one day for a test drive) and it seems to be ok. This might be the "old" indicator that someone has mentioned in another post. Also, someone has suggested that it doesn't draw trends as well as the Demark indicator. I can't comment on any of this but I thought I'd include it here and let you make up your own minds. After all, beauty is in the eye of the beholder.

This indicator came with alerts. The alerts are executed whenever the current price crosses a trendline. It doesn't wait for the bar to close. This can be modified of course.

I've taken the liberty to modified the indicator and add an email alert. It activates at the same time as the regular alert. It can be turned on/off in the indicator's setup screen.

Hope it helps
Lighty

Just thought I'd mention for some newbies in here.....

Please do not completely rely on an indicator when using a method like mouteki. Indicators are helpful to give you a quick overview or point something out to you. But with a method like this, nothing can substitute having a good look and drawing the lines yourself. An indicator will just pick two fractal points and draw a line between them. It will NOT have a look at the general direction of the market. It won't consider where we're at with Elliott Waves. it won't look at a higher time frame to see if we might be close to a well-established support/resistance...etc...etc....etc.....

A poster by the name of Stockwet wrote the ManageTakeProfit EA. It allows you to move the stop loss to +10 (I use +20) once the trade is positive 40 pips so that you don't have to baby sit the terminal.

It's in Tools, Options, Email. But I don't know if it can be done if you're using a web-based email service.

Either way, the indicator is well outdated now and there have been 2 newer versions. The newest of them is being used at the alert service at http://www.forexfactory.com/forexfor...ead.php?t=8912.

I will post it for the general public but it needs to be polished up a little bit. Couple of days and it should be ready. In the meantime, I suggest you sign up for the alert service if you haven't alerady done so, rather than to rely on the version you've downloaded here. I'm not even sure which version it was.

The alert service is free and we don't spam or give your details away etc etc etc.

How do you set the ManageTakeProfit EA?

What are all the variables for?

For example, if I have one lot, and want the EA to set the SL to +10 when I am up 40 pips, how would I do that?

Thanks,
HK

Here you go Horace. This thread will go over each option.

http://strategybuilderfx.com/showthread.php?t=16297

To answer your question.

Set First_Stop to 40 and Stop_Differential to 10

Hi,

I've just cleaned up this thread remove the chatter at twoblink's request. If you have any questions about how to use indicators then please start a new thread.

Regards
Alan

Thank you imbiber!

best,
HK

Horace and others,
Could you take a look at this.
It shows 3 Take Profit Levels and looks like this is the oryginal
Demark indicator with no modifications.
Could someone also modify it to add line color choice, change fractal arrows into circles and add time to bar end to comments ?
I think Mouteki indicator created by Mono is based on this one.

Here is the newer version, with fixed bugs, etc.

Note that demark also draws the trendline based on -1,0,1 (3 bars) mouteki draws lines only on points that are -2,-1,0,1,2 (5 bars) (fractals). So this is not pure mouteki anymore.


Please repost image no larger than 600 x 600

Is there any Mouteki EA available?

Yes but they dont work

Do you know where I could find one?

Look in the Forum "EA Alert"