The Pouria Method | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

bo7a method... method for GBP/JPY 205 replies

The Pouria EA Development Thread 461 replies

(pouria method II on the test) 218 replies

Inquiry of 400:1 leverage method 11 replies

Simple trading method 49 replies

Attachments: The Pouria Method
Exit Attachments

The Pouria Method

  • #161
  • Feb 9, 2007 2:52am Feb 9, 2007 2:52am
Quoting lexazver
Just shorted EURUSD at 11, SL 25 and take profit at 1,2986 (25)
too risky go for 13-15 pip
{Promotion Removed}
  • #162
  • Feb 9, 2007 2:58am Feb 9, 2007 2:58am
Quoting forexpert310
I certainly care less about you being interested in my system, I was about to post up Pouria Method II but looks like some people can't apperciate a Free Money making method... you know what Money is??? Its everything in this world, and I gave this method to you for free....

I agree....thank you very much for introducing your trading system. I really understand behaviour of these people provking and insulting others that are just trying to help....

if not interested by something, just pass your way ....
  • #163
  • Feb 9, 2007 3:00am Feb 9, 2007 3:00am
well, we'll see how it play out so far it been max +7 and now it is in the red.
  • #164
  • Edited 4:04am Feb 9, 2007 3:06am | Edited 4:04am
Hello,

First of all expert, I thank you for sharing your system, it seems very promising specifically for my time of trading.

Now to all of those who are talking about news skewing backtesting results, perhaps I'm not understanding you correctly, but I just backtested January through May of 2005 (EUR/USD). My backtesting was based on candle closing, stoploss of 15 and take profit of 15. Since I am basing the backtesting on candle close (and entry on next candle open), I don't see how the results could be incorrect due to any factors, including the line crossing over then crossing back again. If I am mistaken, I'd appreciate a correction.

Here are the results of my backtesting:
January 21-win 7 losers (3 of which I would have eliminated due to discrimination, but I wanted to trade the system just as it is)
February 12-win 7 losers
March 14-win 2 losses
April 11-win 3 losses
May 19-win 4 losses

Total wins: 56 Total losses: 16 Win%:77
Maximum # of consecutive losses: 3

I chose 2005, because for different systems that I've backtested, it was tough, especially in the beginning. Now 77% might not seem much to you, but from personal backtesting experience (like with forex tester, not just visually) it is very high. Especially when you consider the amount of time you need to prepare for and take in each trade. Also, do consider that this is only on one pair.

If this system works as backtested, and I see no reason that it would not (since my backtesting was based on candle close, and therefore isn't up to market fluctuation to change history of ma cross), I believe it is a simple, highly profitable (for those with the money management to capitalize on successive wins and high accuracy), and a very time-friendly system to use.

So thank you again ForexExpert, and I have two questions for you, if you don't mind me asking:

A- from your experience, what are some of the nuances and difficulties that you encountered? Any technical details like avoiding news, etc.?
B- Out of the pairs, which have been the most consistently profitable?

And finally, I and I am sure many other beginners like myself would be utterly grateful if you shared the remaining 3 systems, as you seem to have a good eye for this one.


Again, thank you.

Yours in Spirit.


EDIT: I thought I backtested 2005, but its actually 06. Mistook the dates.
  • #165
  • Feb 9, 2007 3:16am Feb 9, 2007 3:16am
By scrolling back you can see it frequently pulls back for a while then finally moves again. Forexpert, am I right in guessing that maybe a 1/3 of trades you are in for a couple of hours to get the 15-20 pips? The way I'm seeing it a good place for SL might be just past the last round # beyond the slow pair as opposed to a fixed amount. Any thoughts?

J.P.
Watching the charts like Spock.
  • #166
  • Feb 9, 2007 3:20am Feb 9, 2007 3:20am
Hello All,

I see you all are trying to backtest this strategy. Anyways this may help i attched below the strategy tester report testing EURUSD from Jan1 till today. I havnt optimized it yet but I found that 14 SL is too tight, at least for an EA. Anyways this test was done with 30TP and 20SL

I will release the Pouria EA Beta later today.

Regards,
Mikhail
Attached Image
  • #167
  • Feb 9, 2007 3:29am Feb 9, 2007 3:29am
this is the fastest thread to reach more than 10, 000 views in 1.5 days. amazing stuff, forexexpert, by the time you release other strategies, ff will be dedicated to you.
thanks though.
  • #168
  • Feb 9, 2007 3:31am Feb 9, 2007 3:31am
Masterblue,
Quote
Now to all of those who are talking about news skewing backtesting results, perhaps I'm not understanding you correctly,
Quote
If this system works as backtested, and I see no reason that it would not (since my backtesting was based on candle close, and therefore isn't up to market fluctuation to change history of ma cross)
Sorry, I didn't mean to say that any backtests were flawed but that news releases frequently cause spikes and retracements that effect 30min & 1hr candles (could even be the cause of some of the losers) so let's be mindful of this as we forward test.

Thanks for your effort and for posting your backtest results .... Quite encouraging!

J.P.
Watching the charts like Spock.
  • #169
  • Feb 9, 2007 3:41am Feb 9, 2007 3:41am
So it looks like while I was sleeping, the Euro/USD would have triggered a sell and would have TP'd....wait, how about this...this is what I saw since yesterday and the call of the CAN short...I am only watching about 8 pairs right now...hard without an EA

Can short...stopped out - 20pips
Euro/USD - short - allowed to close out- +15pops
NZD/USD - short - allowed to close out- +25
Can/USD - crossed for a buy, but looks like MACD did not confirm....

Can anyone else confirm these trades/thoughts? The only one I actually took was the loosing Canada trade....was asleep through these others....but if I would have taken these, I would be +20 pips right now.

Looks awesome!!

Please comment!!

BP
  • #170
  • Feb 9, 2007 3:48am Feb 9, 2007 3:48am
It's a great method, i think if we combine with a good money management... it's a great method in forex...

It's not a "holy grail" system but the probability of success is very high...
thanks forexpert ... ...
  • #171
  • Feb 9, 2007 3:53am Feb 9, 2007 3:53am
I also did some EA backtesting for EURUSD for 2007.

Target: 20 Pips - Spread: 18 Pips
SL: 14 Pips + Spread: 16 Pips
Timeframe: 30M

Only crosses with immediate MACD confirmation.

Attached you find the results and the chart with entries/exits.
Attached Image
Attached File(s)
File Type: zip HF_Pouria.htm.zip   3 KB | 764 downloads
File Type: tpl HF_Pouria.tpl   25 KB | 766 downloads
  • #172
  • Feb 9, 2007 4:02am Feb 9, 2007 4:02am
Hello All,

I just Posted the Pouria EA, I made a new thread so as not to disrupt this original thread, as this thread is already growing like wildfire. Anyways fallow this link if you are interested in testing the EA:

http://www.forexfactory.com/showthread.php?t=17242

Regards,
Mikhail
  • #173
  • Feb 9, 2007 4:04am Feb 9, 2007 4:04am
Quoting forexpert310
too risky go for 13-15 pip


ok i took your advice and exited with +15

although i still think it will go lower
  • #174
  • Feb 9, 2007 4:10am Feb 9, 2007 4:10am
Quoting JamDown
Yeah,
I tested it too and its only about 97.5% acurate. Oh well, I'll just wait for something better...for free.


Thanks for the humour I needed that....
  • #175
  • Feb 9, 2007 4:28am Feb 9, 2007 4:28am
Quoting ut2DaMax
as in any system .... but maybe not a WIPE out ...... I would believe this is what forexpert310 .... meant. There will certainly be small loses as in any Method!
Sorry, missed this post
  • #176
  • Feb 9, 2007 4:32am Feb 9, 2007 4:32am
This seemingly very profitable system by Expert and having to make an EA by our great Mikhaildgreat is like a marriage in heaven, don't you think so? There's just a never ending supply of wonderful systems here.

Have you guys noticed that after the 5EMA crosses, most of the pairs will trend in that direction. Sorry for diverting away from this wonderful method but I can't seem to keep my eyes on those trends the pairs made after the crosses. And when it trends, one will definitely get to increase their profits many times over.

So, may I suggest this to mikhaildgreat to add this option into the ea:

1) open with 2 units
2) after hitting the TP level for the various pairs, sell off 1 unit (as per the method)
3) at the same time move the other unit's SL to breakeven
4) if profit increases another 10 pips, move SL to +10 pips
5) if profit still increases another 20 pips, move SL another +20 pips

Hope I'm adding something good into this promising method.
  • #177
  • Feb 9, 2007 6:56am Feb 9, 2007 6:56am
Quoting wilson
This seemingly very profitable system by Expert and having to make an EA by our great Mikhaildgreat is like a marriage in heaven, don't you think so? There's just a never ending supply of wonderful systems here.

Have you guys noticed that after the 5EMA crosses, most of the pairs will trend in that direction. Sorry for diverting away from this wonderful method but I can't seem to keep my eyes on those trends the pairs made after the crosses. And when it trends, one will definitely get to increase their profits many times over.

So, may I suggest this to mikhaildgreat to add this option into the ea:

1) open with 2 units
2) after hitting the TP level for the various pairs, sell off 1 unit (as per the method)
3) at the same time move the other unit's SL to breakeven
4) if profit increases another 10 pips, move SL to +10 pips
5) if profit still increases another 20 pips, move SL another +20 pips

Hope I'm adding something good into this promising method.
I absolutly agree with your idea, cause I see most of time after cross the pair keep going same direccion, so I thought I was not going to take profits as indicated, but your method in much safer.
What I dont know is if there is a chance to program this, I am not a programmer and I have no idea whether this is easy or just imposible. lets see what our expert programmer have to say...
  • #178
  • Feb 9, 2007 7:26am Feb 9, 2007 7:26am
Quoting toti1972
I absolutly agree with your idea, cause I see most of time after cross the pair keep going same direccion, so I thought I was not going to take profits as indicated, but your method in much safer.
What I dont know is if there is a chance to program this, I am not a programmer and I have no idea whether this is easy or just imposible. lets see what our expert programmer have to say...
Hello the truth is we are still not sure wether the original method will really work! So lets first see if it really works before we try to improve it. But I encourage you to keep them brain juice flowing.

-Mikhail
  • #179
  • Feb 9, 2007 7:39am Feb 9, 2007 7:39am
Not to be rude...

But cant figur out,,whats different by this system..than any other..
Macd/ema/sma crossing systems...

Maby some can explain..
StopLoss is for none belivers... Trust the Gurus..
  • #180
  • Feb 9, 2007 7:53am Feb 9, 2007 7:53am
The difference is time frame, mm, tp
0 traders viewing now