Any USEFUL Mouteki filter yet.. PLZ!! | Forex Factory

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Any USEFUL Mouteki filter yet.. PLZ!!

  • #1
  • First Post: Oct 25, 2006 7:52pm Oct 25, 2006 7:52pm
Im demo applying Mouteki for more than 2 weeks now..
What I learnt is 2 things:
1- Vaneilla Mouteki is an excellent simple profitable strategy..
2- It definitly needs a good filter to up its accurecy!

So plz has anybody come into a good one yet? Plz share your experince..

Thannx
  • #2
  • Oct 25, 2006 8:26pm Oct 25, 2006 8:26pm
Quoting Dr.Sailor
Im demo applying Mouteki for more than 2 weeks now..
What I learnt is 2 things:
1- Vaneilla Mouteki is an excellent simple profitable strategy..
2- It definitly needs a good filter to up its accurecy!

So plz has anybody come into a good one yet? Plz share your experince..

Thannx
Any filter will take out some losing trades but will also take winning trades.

The only filter is human intuition "gut feeling" and an understanding of where the market is plus expectations of the news items. For example, the consensus today was that the fed was going to maintain rates--it did, leaving little movement in most markets. Mouteki will only work consistently 60-70% of the time, and no investor should expect anything higher.

I hadn't traded Mouteki all week until late this afternoon on USDJPY. I find a lot of people are trying to make Mouteki setups.
  • #3
  • Oct 26, 2006 2:53am Oct 26, 2006 2:53am
Filters I use for Mouteki:

1. Look at Daily Charts and dont trade against the Trend. If you followed a Mouteki Trade in the direction of the Daily Trend and ended with a loss, dont trade further on that pair. Chances are, the Daily Trend is reversing.

2. Fundamentals is also a good Filter.
Example: FOMC + Brown = USD Bear + GBP Bull. But of course Mouteki already told you to buy GBPUSD and that is inline with the Fundamental. If these two are inline - you can relax and sleep better.

Thus far, these are the filters I use. Currently, I would trade if Mouteki signals a short USD - that is the trend and fundamental truth for the week.

BTW.. USD have its "Weekly Trend". Last week it was USD Short. This week it started with a Bull based on a More Hawkish FOMC Statement forecast - but that all fizzled yesterday so we are now SHORT USD till the end of the week.
  • #4
  • Oct 26, 2006 3:25am Oct 26, 2006 3:25am
Quoting BurgerKing
Filters I use for Mouteki:

1. Look at Daily Charts and dont trade against the Trend. If you followed a Mouteki Trade in the direction of the Daily Trend and ended with a loss, dont trade further on that pair. Chances are, the Daily Trend is reversing.

2. Fundamentals is also a good Filter.
Example: FOMC + Brown = USD Bear + GBP Bull. But of course Mouteki already told you to buy GBPUSD and that is inline with the Fundamental. If these two are inline - you can relax and sleep better.

Thus far, these are the filters I use. Currently, I would trade if Mouteki signals a short USD - that is the trend and fundamental truth for the week.

BTW.. USD have its "Weekly Trend". Last week it was USD Short. This week it started with a Bull based on a More Hawkish FOMC Statement forecast - but that all fizzled yesterday so we are now SHORT USD till the end of the week.
while that is correct.. i think the person is a newbie at this.. why not just tell what is written in the word file fo moutaki.. did u follow that enough times to make sure u were going into a loss?? coz if u did do it properyl.. ive checked last weeks charts.. there is no way u couldve ended up with a loss.. its just basic moutaki..
BECAUSE I CAN !
  • #5
  • Oct 27, 2006 5:51am Oct 27, 2006 5:51am
Quoting Dr.Sailor
So plz has anybody come into a good one yet? Plz share your experince..

Thannx
The #1 basic filer I've seen( besides not trading into a big news event), is:

Don't enter a Long trade util your entry candle moves past the High of the previous candle-( the one that closed above the trend line)... On a Short trade, don't enter the trade until the entry candle moves past the Low of the previous candle-( the one that closed below the trend line.).

If your entry candl never goes past an entry point, you still can get in the trade on following cadles with good price action through Support and Resistance.

Just this basic filter will keep you out of bad trades....
  • #6
  • Oct 27, 2006 5:57am Oct 27, 2006 5:57am
Quoting ra300z
Any filter will take out some losing trades but will also take winning trades.
Actually, the filter I just posted wont keep you out of winning trades.
  • #7
  • Oct 27, 2006 11:11am Oct 27, 2006 11:11am
I agree. That's a pretty decent filter, i've been backtesting,and forward testing in real-time,with mouteki(aka a subset of rules by thomas demark ) for a number of weeks now. That filter definitely roots out a number of bad trades. I believe there are a few others as well, all based on price-action. If you're really interested, check out Thomas DeMark's "The New Science of Technical Analysis". I feel like ive been promoting for that book lately, lol, but it really does have alot of good info.

Quoting Dpip
The #1 basic filer I've seen( besides not trading into a big news event), is:

Don't enter a Long trade util your entry candle moves past the High of the previous candle-( the one that closed above the trend line)... On a Short trade, don't enter the trade until the entry candle moves past the Low of the previous candle-( the one that closed below the trend line.).

If your entry candl never goes past an entry point, you still can get in the trade on following cadles with good price action through Support and Resistance.

Just this basic filter will keep you out of bad trades....
- nick andre -
  • #8
  • Oct 27, 2006 11:14am Oct 27, 2006 11:14am
from leafing through the book i mentioned above, there are a few rules that may provide good filters, i just choose not to mention them cuz a) i leafed thru it, havent thoroughly read throuh and b) im still a newbie as well. me explaining it would be like the blind leading the deaf
- nick andre -
  • #9
  • Last Post: Oct 30, 2006 7:09am Oct 30, 2006 7:09am
Quoting Nick_likes_pips
I agree. That's a pretty decent filter, i've been backtesting,and forward testing in real-time,with mouteki(aka a subset of rules by thomas demark ) for a number of weeks now. That filter definitely roots out a number of bad trades. I believe there are a few others as well, all based on price-action.

If you're really interested, check out Thomas DeMark's "The New Science of Technical Analysis". I feel like ive been promoting for that book lately, lol, but it really does have alot of good info.
Thanks for the info... I will look into DeMark's book- it's time to read his work.
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