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The Pouria Method

  • #181
  • Feb 9, 2007 8:02am Feb 9, 2007 8:02am
I wonder what would happen if we do not take loss until we got a reverse signal. For instance: yesterday night we got SL on CAN but we never got a reverse signal, so if we didn't set SL, now we would be making profit....On the other hand, if we get a reverse signal, then we take the loss and enter the market the other way...I don't know if I am clear enough...
Just a thought

Hope it'd be useful
  • #182
  • Feb 9, 2007 8:06am Feb 9, 2007 8:06am
I tried this system yesterday for fun in gold (xau/usd) with small money. Time frame 30min and I let the profits going. I had over 600 pips in 2 transactions. Thanks forexexpert. I owe you a box of cubans.
Gab
  • #183
  • Feb 9, 2007 8:09am Feb 9, 2007 8:09am
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

what are those ?
StopLoss is for none belivers... Trust the Gurus..
  • #184
  • Feb 9, 2007 8:14am Feb 9, 2007 8:14am
Quoting lillelise
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

what are those ?
Moving averages
  • #185
  • Feb 9, 2007 8:14am Feb 9, 2007 8:14am
Quoting lillelise
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

what are those ?
I'm not sure what linear weight is either but I used 75 and 85 (low) Weighted MA on my platform with Global Forex Trading and it appears to give me solid buy and sell signals. Hope I'm doing it right.
  • #186
  • Feb 9, 2007 8:15am Feb 9, 2007 8:15am
They're MAs -- either ema or LWA.

Quoting lillelise
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

what are those ?
  • #187
  • Feb 9, 2007 8:26am Feb 9, 2007 8:26am
Quoting BearPaw
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
AUD/USD also would've worked. 10pip

I said CAD was a safe short at some point, didn't know it'd retrace THAT far!
  • #188
  • Feb 9, 2007 8:45am Feb 9, 2007 8:45am
Quoting lillelise
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

what are those ?
that is the funniest thin i have ever seen..
  • #189
  • Feb 9, 2007 8:52am Feb 9, 2007 8:52am
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.
Use this EA to manage TP Its the best I have seen.


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.
This EA is perfect for handeling the TP levels.
Attached File(s)
File Type: doc TP2ea.doc   34 KB | 539 downloads


Attached File(s)
File Type: mq4 ManageTPv2-4.mq4   6 KB | 435 downloads
  • #190
  • Feb 9, 2007 8:54am Feb 9, 2007 8:54am
Crossing ....
  • #191
  • Feb 9, 2007 8:58am Feb 9, 2007 8:58am
Quoting lexazver
Just shorted EURUSD at 11, SL 25 and take profit at 1,2986 (25)
This is the trade i did before, it would hit 25 pips by now but i settled for 15 which actually saved me some nerves since there was a nice pullback but once again impatience is the enemy
  • #192
  • Feb 9, 2007 9:01am Feb 9, 2007 9:01am
Quoting lexazver
This is the trade i did before, it would hit 25 pips by now but i settled for 15 which actually saved me some nerves since there was a nice pullback but once again impatience is the enemy
That's the spirit. Small profit, more trades = BIG profit
Happy pipping!
  • #193
  • Feb 9, 2007 9:07am Feb 9, 2007 9:07am
Quoting aegis
BTW, what do you do in this situation? This is from Jan 11 on 30 min euro. All 3 of these trades would have been losses, correct?
It looked as if the cross was not a solid one. I can see where when it had a solid cross it took off. Maybe we need to wait for another candle before you actually get in the trade or will it be too late then. AH, the 2 edged sword again. There is always one in every strategy. I know that I would not have traded those 2 other crosses personally.
  • #194
  • Feb 9, 2007 9:24am Feb 9, 2007 9:24am
i like to enquire fr u guys if anyone of u have actually tried on live acct,besides forexexpert310 of course.i understand that its abit different when u r trading live and on demo,care to share guys? what exactly are u thinking when u r trading live or demo? thanks alot....
  • #195
  • Feb 9, 2007 10:22am Feb 9, 2007 10:22am
Quoting fxnewbie 71
i like to enquire fr u guys if anyone of u have actually tried on live acct,besides forexexpert310 of course.i understand that its abit different when u r trading live and on demo,care to share guys? what exactly are u thinking when u r trading live or demo? thanks alot....
Hi, i already started live trading this method (micro lots), but i make a little adjustment, for example for SL i set 14+spread. and primarily taking profits using s/r. today( friday ) i open two trade, aud/usd and eur/usd.

already close aud/usd with (+14 pips) could get way more but since this method still new to me so better play it save and i rarely trade this particular currency before.

as for eur/usd still open.
  • #196
  • Feb 9, 2007 10:25am Feb 9, 2007 10:25am
Quoting a68000
Hi, i already started live trading this method (micro lots), but i make a little adjustment, for example for SL i set 14+spread. and primarily taking profits using s/r. today( friday ) i open two trade, aud/usd and eur/usd.

already close aud/usd with (+14 pips) could get way more but since this method still new to me so better play it save and i rarely trade this particular currency before.

as for eur/usd still open.
thanks for your input but what abt the mental part? thanks
  • #197
  • Feb 9, 2007 10:29am Feb 9, 2007 10:29am
Quoting TraderGab
Crossing ....
On what TF did you see the crossing ?coz on the 30min as recommended by forexexpert310 there's non i.e on the EUR/JYP
  • #198
  • Feb 9, 2007 10:30am Feb 9, 2007 10:30am
I have been using this system profitably for 1 month! I noticed the automated tests were not as good as expected... but with a manual test this system was profitable! I just posted this on the other pouria thread... I trade these parameters automatically through my MetaTrader... check it out!

http://www.forexfactory.com/showpost...8&postcount=43

Happy Trading!

- If you are successful, it's our duty as trading warriors to share... it will only make us all profitable!
  • #199
  • Feb 9, 2007 10:35am Feb 9, 2007 10:35am
Quoting mwilkinw
I have been using this system profitably for 1 month! I noticed the automated tests were not as good as expected... but with a manual test this system was profitable! I just posted this on the other pouria thread... I trade these parameters automatically through my MetaTrader... check it out!

http://www.forexfactory.com/showpost...8&postcount=43

Happy Trading!

- If you are successful, it's our duty as trading warriors to share... it will only make us all profitable!
thanks for sharing your result mwilkinw! i am happy for u,can i ask u something? do your profit comes mainly fr cable or fr different pairs? thanks alot...:
  • #200
  • Feb 9, 2007 10:38am Feb 9, 2007 10:38am
Quoting mwilkinw
I have been using this system profitably for 1 month! I noticed the automated tests were not as good as expected... but with a manual test this system was profitable! I just posted this on the other pouria thread... I trade these parameters automatically through my MetaTrader... check it out!

http://www.forexfactory.com/showpost...8&postcount=43

Happy Trading!

- If you are successful, it's our duty as trading warriors to share... it will only make us all profitable!
i am always v.curious of what traders r thinking when they r trading live? panicky? scared? whats your rates of success like? what abt failure? sorry for the questions...thanks:
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