The Pouria Method

I think I'll do, just 5 min to next candle...

ok lets try it again

lol...you guys are great.

Thanks for all the info...this is good stuff. Good dialogue.

BP

Took at demo trade SHORT on USD/CAD at 1.1824 since the signals were present on the previously closed candle.

TP = 1.1800 (20 PIPS + 4 pip spread)
SL = 1.1839 (15 PIPS)

I'm with you on this trade! same numbers

I am there also. hopefully now right.
Open 1823

I am in, 1.1824 same TP and SL

I love this game....

This is similar to a "system" I looked at a few years ago.

Here's the problem when you try to cross a 5 and a 75 on a 30M and/or 1HR (ESPECIALLY with the 4 majors):

It looks nice on the past charts but most of the moves come during news time. By the time the 5 crosses the 75, the price is already (usually) moving back in the opposite direction. Most of the entries posted would've gotten you in AFTER the price started moving back the other way.

Looks nice though.

FYI: I'm reading that the [HOURLY] range for USD/CAD between now and the next 6 hours is only 10 to 15 pips. For those of you in the trade right now.

Have you noticed the support at 1.1819?

I just manually backtested USD/CHF from 1st of january till today
Stop loss is 14 pips
if take profit 10 pips then
14 winners -6 losers = 56pips
if take profit is 20 then
12 winners -8 losers = 128 pips

there was one trade where stop was 1 pip away from triggering i dont know what would really happen in this situation, i mean with different broker you could have different outcome.

and yeah spread of 4 pips is included in calculations



BTW i joined you guys for USDCAD short at 24 just now

Just done the same for EURUSD from 1 jan till today.
25 trades in total, 14 pips stop

if take profit was 15 then

20 winners - 5losers = +230 pips

if take profit was 20 pips

18 winners - 7 losers = +249 pips

if take profit was 25 pips

17 winners - 8 losers = +313

There were 2 trades that came within 1 pips of stop so i took one as a loss and one as a profit again dues to different brokers, i took sprad as 2 pips and another thing there was one iffy trade which would result in 15 and 20 pip profit but may have not resulted in 25 pips profit but a 14 pips loss so if you subtract 39 pips from the total of 313 you still have 274

Anyone else trying out the canada trade....she won't go down!!!!

She's just hovering...can't wait till it hits 1800.

See ya,

BP

Thanks guys for your contribution.

Can anybody build a simple indicator for this system that shows an arrow when there is a valid signal as well as a sound alert? Since we have many pairs, thats gonna help us a lot.

Appreciate it.

Ok last set of results for tonight, just did EURJPY 30min, stop 14, spread i used as 2 pips as is the case with my broker, this has been the worst performer so far.

Total 25 trades

when TP = 15pips
14 winner - 11 loosers=+56

when TP= 20
12 winners - 13 lossers= +58

when tp=25
12 winners-13 losers = +118

when tp = 30

11 winners - 14 loosers = +104

Lexazver,

Thanks for all the work. Good results to look at and ponder.

BP

great job on posting your BT results. A few observations stick out in my mind...(1) profitable across multiple currencies, (2) while not 95% win ratio, the risk/reward ratio is enough to result in positive pips, and (3) there's room to use money mgmt to gain more pips as your results show.

forexpert310,

Are you using MT as your charting application to get your signals? And if so, what datafeed are you using? Thank you in advance.

So, lets say this canadian trade hits the SL...which it looks like it might do...but in doing so it breaks through the 2 red lines again....

Does that then signal a buy?

BP

I set this indicator for 5 and 75 as well as 5 and 85. It seems to work, but perhaps it can be modified for the LMA's (not sure if it makes a difference) and sound by one of our great programmers?