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The Pouria Method

  • #81
  • Feb 8, 2007 10:20am Feb 8, 2007 10:20am
Quoting nicolas_nrjk
hi guys excellent trading strategy. i'll continue testing it and i'll post my results later.
i have an idea for the exit of the econd lot.
exit the second lot if a candle CLOSES below the 5 EMA in a long position and higher that the 5 EMA in a short position.

tell me what you think of the idea.
hi nicolas,i am beginning to like this place v much!! everyone seem to contribute to a better trading strategies,bravo! by the way,can i ask if u mean the candles have to be above the 5 ema for short and below for long position completely or just partially? thanks!
  • #82
  • Feb 8, 2007 10:23am Feb 8, 2007 10:23am
So, the first dotted line = loss
second dotted line = loss
third dotted line = win
fourth dotted line = win

Looks like break-even. If your using the MACD for direction which could be the slope, hist value, signal line slope, then you might need 'something else' to confirm. Unless I'm seeing this wrong...
Attached Image
  • #83
  • Feb 8, 2007 10:31am Feb 8, 2007 10:31am
Quoting forexpert310
OKay here is one of the 4 best systems that I've made and used, with this system I pickup atleast 50 pips a day, I'm sharing this because I've learned so much from the people who actually share their systems and are not greedy so tell me if you like it. HERE IT IS

FIrst of all I'm going to tell you on which currency/time/ and when to get out!

Please read these carefully its very simple

M30 = 30 minute, 1H = 1 hour

low pips yes i know but I usually do 10 lots a trade 10 = $100 a pip, you do the math

AUDJPY M30 15pip <---- get out 15pip profit
NZDUSD 1H 25pip
USDCAD H1 20pip
EURGBP H1 10pip
USDJPY M30 15pip
GBPUSD m30 20pip
USDCHF M30 10pip
EURCHF H1 15pip
AUDUSD m30 10pip
EURJPY m30 15pip
CHFJPY 1H 15pip
CADJPY m30 20pip
EURUSD m30 15pip

*****************
THE POURIA METHOD

period: 85 method: (linear Weight) apply to: (low) color: red
period: 75 method: (linear weight) apply to: (low) color: red
period: 5 method: (expodential) apply to: (close) color: yellow

MACD FAST EMA:15 SLow EMA: 26 MACD SMA: 1

********************************************
SHORT: when the yellow line crosses the 2 red lines downward and get the confirmation from the MACD it has to be downward too
LONG: when the yellow line crosses the 2 red lines upward and get the confirmation from the MACD it has to be upward too

STOP LOSS: 14 pips the most <--- I doubt if there is any loss

ENJOY THE MONEY YOU MAKE!!!
Hi Forexpert310,
Thanks for the post. Not sure what do you mean by linear weight. Is this Weighted average or Simple Moving average.

Thanks
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #84
  • Feb 8, 2007 10:34am Feb 8, 2007 10:34am
Quoting fxnewbie 71
hi nicolas,i am beginning to like this place v much!! everyone seem to contribute to a better trading strategies,bravo! by the way,can i ask if u mean the candles have to be above the 5 ema for short and below for long position completely or just partially? thanks!
actually the candle must close under the 5 EMA for long position.

and if you are in a big profit (80 PIP or so) you can wait for a second candle to close under the 5 EMA before you close the second lot. you might be risking about 10 or 15 PIPs of your profits but you will have a bigger chance that the trend will continue in your favor.

good luck
  • #85
  • Feb 8, 2007 10:36am Feb 8, 2007 10:36am
hi

thank you very much for your system i've just made first 15 pips with the eurousd LIVE account. it's great system

simon
  • #86
  • Feb 8, 2007 10:36am Feb 8, 2007 10:36am
Quoting Palmer
So, the first dotted line = loss
second dotted line = loss
third dotted line = win
fourth dotted line = win

Looks like break-even.
you might break even one day but other days you are winning.
so don't panic and let your test be for several months,
  • #87
  • Feb 8, 2007 10:39am Feb 8, 2007 10:39am
Quoting fxnewbie 71
hi there,i just tried your system on Aud/Usd and apparently it failed me!
well if you have traded the next one you would have been in profit by noe
  • #88
  • Feb 8, 2007 10:41am Feb 8, 2007 10:41am
Quoting TradeStar
Hi Forexpert310,
Thanks for the post. Not sure what do you mean by linear weight. Is this Weighted average or Simple Moving average.

Thanks
TradeStar-

When you attach a Moving Average in MT4, you can select the "MA Method" of Linear Weighted instead of Simple (SMA), exponential (EMA) etc.

Hope that helps!
  • #89
  • Feb 8, 2007 10:43am Feb 8, 2007 10:43am
Quoting nicolas_nrjk
well if you have traded the next one you would have been in profit by noe
thanks for your advise! i guess i am not experienced enough....well,learning is a life long process.
  • #90
  • Feb 8, 2007 11:01am Feb 8, 2007 11:01am
Thank you for this system I also did 15 pips on live with Euro. Really hope you will share another 3 systems with us.

Peter
  • #91
  • Feb 8, 2007 11:02am Feb 8, 2007 11:02am
Quoting forexpert310
OKay here is one of the 4 best systems that I've made and used, with this system I pickup atleast 50 pips a day, I'm sharing this because I've learned so much from the people who actually share their systems and are not greedy so tell me if you like it. HERE IT IS

FIrst of all I'm going to tell you on which currency/time/ and when to get out!

Please read these carefully its very simple

M30 = 30 minute, 1H = 1 hour

low pips yes i know but I usually do 10 lots a trade 10 = $100 a pip, you do the math

AUDJPY M30 15pip <---- get out 15pip profit
NZDUSD 1H 25pip
USDCAD H1 20pip
EURGBP H1 10pip
USDJPY M30 15pip
GBPUSD m30 20pip
USDCHF M30 10pip
EURCHF H1 15pip
AUDUSD m30 10pip
EURJPY m30 15pip
CHFJPY 1H 15pip
CADJPY m30 20pip
EURUSD m30 15pip

*****************
THE POURIA METHOD

period: 85 method: (linear Weight) apply to: (low) color: red
period: 75 method: (linear weight) apply to: (low) color: red
period: 5 method: (expodential) apply to: (close) color: yellow

MACD FAST EMA:15 SLow EMA: 26 MACD SMA: 1

********************************************
SHORT: when the yellow line crosses the 2 red lines downward and get the confirmation from the MACD it has to be downward too
LONG: when the yellow line crosses the 2 red lines upward and get the confirmation from the MACD it has to be upward too

STOP LOSS: 14 pips the most <--- I doubt if there is any loss

ENJOY THE MONEY YOU MAKE!!!
To get your 50pips a day, do you need to trade all pairs? I looks like some pairs do not show possible trades every day.

Thanks!!!

BP
  • #92
  • Feb 8, 2007 11:44am Feb 8, 2007 11:44am
IM HAPPY THAT YOU GUYS ARE LOVING MY SYSTEM, i posted the get out pip for a reason thats why in some pairs you might see 10-15 pip prof only
{Promotion Removed}
  • #93
  • Feb 8, 2007 11:45am Feb 8, 2007 11:45am
yes trade all pairs OWN FOREX!
{Promotion Removed}
  • #94
  • Feb 8, 2007 11:47am Feb 8, 2007 11:47am
While manual backtesting is by no means perfect, I like to practice the exercise as it gets me comfortable with the system's concepts. Here are the results I did for Jan 3 to today on the GBP/USD:

I've attached an MT4 template so you can upload to see the trades (green line = positive trade, red line = neg. trade).

Total Pips = +290
My reentry was at the presence of the next opposite signal. Ex. If the most current signal was LONG (MACD > 0, and 5MA above 75MA & 85MA) then I wouldn't reenter until a SHORT signal presented itself. When/if an EA comes around, then we can backtest further date ranges with greater accuracy (I'm human and prone to errors of course).

3-Jan Short 20
8-Jan Long -15
8-Jan Long 20 1
0-Jan Short 20
10-Jan Long 20
10-Jan Short 20
11-Jan Long 20
16-Jan Short 20
17-Jan Long 20
18-Jan Short 20
18-Jan Long 20
19-Jan Short 20
19-Jan Long -15
22-Jan Long -15
24-Jan Short 20
25-Jan Long 20
25-Jan Short 20
29-Jan Long 20
31-Jan Short 20
31-Jan Long -15
2-Feb Short 20
6-Feb Long -15
6-Feb Short -15
6-Feb Long 20
8-Feb Short 20
Attached Image
Attached File(s)
File Type: tpl pouria_bt_020807.tpl   5 KB | 1,236 downloads
  • #95
  • Feb 8, 2007 12:38pm Feb 8, 2007 12:38pm
Quoting nitro4x
While manual backtesting is by no means perfect, I like to practice the exercise as it gets me comfortable with the system's concepts. Here are the results I did for Jan 3 to today on the GBP/USD:

I've attached an MT4 template so you can upload to see the trades (green line = positive trade, red line = neg. trade).

Total Pips = +290
My reentry was at the presence of the next opposite signal. Ex. If the most current signal was LONG (MACD > 0, and 5MA above 75MA & 85MA) then I wouldn't reenter until a SHORT signal presented itself. When/if an EA comes around, then we can backtest further date ranges with greater accuracy (I'm human and prone to errors of course).

3-Jan Short 20
8-Jan Long -15
8-Jan Long 20 1
0-Jan Short 20
10-Jan Long 20
10-Jan Short 20
11-Jan Long 20
16-Jan Short 20
17-Jan Long 20
18-Jan Short 20
18-Jan Long 20
19-Jan Short 20
19-Jan Long -15
22-Jan Long -15
24-Jan Short 20
25-Jan Long 20
25-Jan Short 20
29-Jan Long 20
31-Jan Short 20
31-Jan Long -15
2-Feb Short 20
6-Feb Long -15
6-Feb Short -15
6-Feb Long 20
8-Feb Short 20

Thank you, Nitro.

Was spread factored in?
  • #96
  • Feb 8, 2007 12:44pm Feb 8, 2007 12:44pm
Quoting nitro4x
While manual backtesting is by no means perfect, I like to practice the exercise as it gets me comfortable with the system's concepts. Here are the results I did for Jan 3 to today on the GBP/USD:

I've attached an MT4 template so you can upload to see the trades (green line = positive trade, red line = neg. trade).

Total Pips = +290
My reentry was at the presence of the next opposite signal. Ex. If the most current signal was LONG (MACD > 0, and 5MA above 75MA & 85MA) then I wouldn't reenter until a SHORT signal presented itself. When/if an EA comes around, then we can backtest further date ranges with greater accuracy (I'm human and prone to errors of course).

3-Jan Short 20
8-Jan Long -15
8-Jan Long 20 1
0-Jan Short 20
10-Jan Long 20
10-Jan Short 20
11-Jan Long 20
16-Jan Short 20
17-Jan Long 20
18-Jan Short 20
18-Jan Long 20
19-Jan Short 20
19-Jan Long -15
22-Jan Long -15
24-Jan Short 20
25-Jan Long 20
25-Jan Short 20
29-Jan Long 20
31-Jan Short 20
31-Jan Long -15
2-Feb Short 20
6-Feb Long -15
6-Feb Short -15
6-Feb Long 20
8-Feb Short 20

Nitro4x,

Thanks for backtesting that pair!! I know how it is to manually backtest. So, at first I was a little disheartened cause it did not equal "50 pips a day", but then I realized it was only one pair...and there are like 12 others there to use as well.

Talk to you later.

BP
  • #97
  • Feb 8, 2007 12:48pm Feb 8, 2007 12:48pm
I've been looking at this method on a few different pairs and I have to say that the win rate is nowhere near 98%. Do you have any backtest results to support that number?
  • #98
  • Feb 8, 2007 12:54pm Feb 8, 2007 12:54pm
Quoting aegis
Thank you, Nitro.

Was spread factored in?
No problem...I did NOT factor in spread on this backtest exercise, but there only 2-3 positions from what I could see that would have been affected (meaning the TP level just topped 23 PIPS then retraced...assuming a 3 pip spread on GBP during normal market conditions).

Another note, there are SEVERAL trades that the trend continues and MANY pips are not taken, so proper money mgmt on this system *might* help (3-4 trades where a trailing 30 SL would have resulted in 60ish+ PIPS).
  • #99
  • Feb 8, 2007 12:58pm Feb 8, 2007 12:58pm
Quoting BearPaw
Nitro4x,

Thanks for backtesting that pair!! I know how it is to manually backtest. So, at first I was a little disheartened cause it did not equal "50 pips a day", but then I realized it was only one pair...and there are like 12 others there to use as well.

Talk to you later.

BP
I know the feeling, but believe me a good strategy that earns 15-25 pips with a high % rate can keep you comfortable (not saying this system is it). I eyeballed about 6 of the pairs to see the activity of the cross/MACD signal and obviously some are more active than others. It looks promising, but without further backtesting and more importantly forward testing, we'll have to wait and see.
  • #100
  • Feb 8, 2007 1:03pm Feb 8, 2007 1:03pm
Quoting mickeymickey
I've been looking at this method on a few different pairs and I have to say that the win rate is nowhere near 98%. Do you have any backtest results to support that number?
Yeah,
I tested it too and its only about 97.5% acurate. Oh well, I'll just wait for something better...for free.
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