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Mouteki Trading

  • #3,981
  • Oct 30, 2006 4:22pm Oct 30, 2006 4:22pm
Quoting YasirYar
something tells me my EA aint right take a look..
YaisrYar, thats not an EA, what you're using is an Indicator.
  • #3,982
  • Oct 30, 2006 5:06pm Oct 30, 2006 5:06pm
Quoting saaedb
YaisrYar, thats not an EA, what you're using is an Indicator.
oh right.. i always confuse the two although i mean it to be an indicator.. do u have the new version for it?
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  • #3,983
  • Oct 30, 2006 5:12pm Oct 30, 2006 5:12pm
*blink *blink a move coming up.. i think the lines are drawn correctly.. which suggests a 70 pip breakout..
Attached Image
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  • #3,984
  • Oct 30, 2006 6:01pm Oct 30, 2006 6:01pm
Quoting YasirYar
oh right.. i always confuse the two although i mean it to be an indicator.. do u have the new version for it?
I dont know if this is the new or the older version, but it sure does draw the trend lines correctly
Attached File(s)
File Type: mq4 Demark_trend_new.mq4   14 KB | 454 downloads
  • #3,985
  • Oct 30, 2006 6:04pm Oct 30, 2006 6:04pm
Quoting saaedb
I dont know if this is the new or the older version, but it sure does draw the trend lines correctly
yeh i have this.. but hte problem is that it doesnt show the breakout trade pips north and south of the breakout.. can u edit it and add that stuff in there?? itd be really helpful
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  • #3,986
  • Oct 30, 2006 6:07pm Oct 30, 2006 6:07pm
Quoting YasirYar
yeh i have this.. but hte problem is that it doesnt show the breakout trade pips north and south of the breakout.. can u edit it and add that stuff in there?? itd be really helpful
When you attach the indicator to the chart, go into the properties and change the 'TakeLines' to True. Its going to be under the 'Input' tab
  • #3,987
  • Oct 30, 2006 6:18pm Oct 30, 2006 6:18pm
Quoting saaedb
When you attach the indicator to the chart, go into the properties and change the 'TakeLines' to True. Its going to be under the 'Input' tab
yea i have changed the settings.. i have tried everything.. there is text on the upper left hand side.. but where exactly say the price projection for the north and south?? it has 3 different values for each line.. can u help me out?
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  • #3,988
  • Oct 30, 2006 6:20pm Oct 30, 2006 6:20pm
Yasir,

I'm in with you at 2490. It looks like the downtrend we've seen for the past 3 weeks is at or near the bottom of its channel and the currency can resume its overall uptrend (best seen by drawing Mouteki lines on a daily chart)
  • #3,989
  • Oct 30, 2006 6:23pm Oct 30, 2006 6:23pm
Quoting g-dogg
Im not sure but i belive that the candle needs to close under the supply line before it is considered a signal, i may be wrong though.
It only needs to open below - not close. that is per the mouteki rules of entry. I just can't figure out why we didn't get an alert from the ITGUY server.
carpe dium
  • #3,990
  • Oct 30, 2006 6:48pm Oct 30, 2006 6:48pm
looks like gbp is setting up for a S in 9 minutes...
  • #3,991
  • Oct 30, 2006 6:52pm Oct 30, 2006 6:52pm
My 2 cents, I ain't gonna go bear on the GBP till it gets below 1.8940
  • #3,992
  • Oct 30, 2006 6:59pm Oct 30, 2006 6:59pm
the move is projected 56 pips, but i dont feel comftorble unless its projected at 80, last time i did that on one that small, it stopped me out at 28 pips, then turned. and dropped.
  • #3,993
  • Oct 30, 2006 7:10pm Oct 30, 2006 7:10pm
Quoting zeppellin
looks like gbp is setting up for a S in 9 minutes...
What is a "S" setup mean...pleas explain thanks....
He who hesitates is hesitant....which always leads to bad entries.
  • #3,994
  • Oct 30, 2006 7:22pm Oct 30, 2006 7:22pm
Short...or sell
  • #3,995
  • Oct 30, 2006 7:31pm Oct 30, 2006 7:31pm
Another Bearish signal is the day chart candle close was almost a shooting star...

I'm looking for the break below 8950, with good momentum, for a good short... For a Long, I want it to break 9045; and, it will be choppy for 100 pips.
  • #3,996
  • Oct 30, 2006 8:04pm Oct 30, 2006 8:04pm
Quoting Dpip
Another Bearish signal is the day chart candle close was almost a shooting star...

I'm looking for the break below 8950, with good momentum, for a good short... For a Long, I want it to break 9045; and, it will be choppy for 100 pips.
yeh.. i cant really decide whether i should go short right now or wait a bit..
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  • #3,997
  • Oct 30, 2006 8:11pm Oct 30, 2006 8:11pm
Quoting Blaiserboy
Would be great if someone would post a recent version...

Thanks
I guess you are talking about the EA. The latest EA version is putting in trades which have not even crossed the Demand/Supply line, and most times I do not know how it even got into the trade since its against the trend. I do not recommend using the EA, Mouteki EA 0.4, whatsoever. You will be more profitable trading the Mouteki system manually.
  • #3,998
  • Oct 30, 2006 8:17pm Oct 30, 2006 8:17pm
Quoting et_phonehome_2
I guess you are talking about the EA. The latest EA version is putting in trades which have not even crossed the Demand/Supply line, and most times I do not know how it even got into the trade since its against the trend. I do not recommend using the EA, Mouteki EA 0.4, whatsoever. You will be more profitable trading the Mouteki system manually.
no use for that then..
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  • #3,999
  • Oct 30, 2006 8:20pm Oct 30, 2006 8:20pm
Quoting salpoe
It only needs to open below - not close. that is per the mouteki rules of entry. I just can't figure out why we didn't get an alert from the ITGUY server.
ITGUY alert is based upon using InterbankFX, if there is no signal there, you would not get the alert. The alert is also not based upon the first candle breaking the line, but the second candle, if I recall correctly....
  • #4,000
  • Oct 30, 2006 8:25pm Oct 30, 2006 8:25pm
are we going to short @1.2716 or wait till price be below 1.2704
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