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The Pouria Method

  • #221
  • Feb 9, 2007 3:04pm Feb 9, 2007 3:04pm
Quoting Forex1man
Closed out remaning lots netted 10 pips per lot, in trade for 1-1/2 hrs not to bad for a slow friday afternoon.
not to bad.. I just got out at 237.29... in at 237.15... we got out safe for an afternoon friday trade! Have a nice weekend!
  • #222
  • Feb 9, 2007 7:26pm Feb 9, 2007 7:26pm
Quoting a68000
just follow the rule, thats all. try don't get emotional with the decision. As for me, i'm only do manual trading, no EA's for me since i don't feel really comfortable with it.

I notice that an EA is currently being develop just wondering does anybody develop indicator (that make noise when the ema's cross) for this method ?

and one thing, what is the time frame for trading gbp/jpy?
thanks for the advise a68000,good day!!
  • #223
  • Feb 9, 2007 7:30pm Feb 9, 2007 7:30pm
Quoting forexpert310
hello everyone just wanted to say, I'm glad that this system is working for you guys, My Pouria Method II will come out soon after this method gets out completely so standby

I'm doing this to own the banks/big investors, they've taken enough money from people
yeah! its traders strike back time! thanks for your system forexexpert310,cant wait for pouria method II! have a nice weekend everyone!!
  • #224
  • Edited 9:25pm Feb 9, 2007 8:54pm | Edited 9:25pm
Quoting a68000
...just wondering does anybody develop indicator (that make noise when the ema's cross) for this method ?
I just cobbled this together. Should work OK.

Enjoy.

Lux

UPDATED with angle feature.
Attached File(s)
File Type: mq4 Pouria_Indicator.mq4   6 KB | 968 downloads
MT4 EA, Indicator and Alert Coder Since 2006
  • #225
  • Feb 9, 2007 10:14pm Feb 9, 2007 10:14pm
Quoting luxinterior
I just cobbled this together. Should work OK.

Enjoy.

Lux

UPDATED with angle feature.
Hi Luxinterior, Can you explain the startMACDshift 6 and the endMACDshift 0.Can you add a buy alert and a sell alert..Great job on the indicator..Thanks
  • #226
  • Edited 11:58pm Feb 9, 2007 10:22pm | Edited 11:58pm
Quoting traderjane
Hi Luxinterior, Can you explain the startMACDshift 6 and the endMACDshift 0.Can you add a buy alert and a sell alert..Great job on the indicator..Thanks
Those two variables are used to calculate the angle of the MACD. Default is from current bar back 6 bars. You can decide how many bars to go back to calculate the angle/slope. From my understanding and by checking over historical data it's the angle of the macd that is of importance and not so much whether it's above/below the zero line. Above/below the zero will happen as a by product of the angle so it's almost irrelevant.

As for a buy/sell alert that's pretty much what you get with the cross alert. It's up to you if you take the signal or not. I'd suggest a cross signal combined with the angle of the macd. Experiment and decide what combination suits.

Regards

Lux

PS: I've updated the indicator so it's pretty much an all in one deal. Just put it on an empty chart and enjoy. There's no MACD showing as I mentioned above I don't believe it's of much use. If you really want it on the screen just add it manually as before.
Attached File(s)
File Type: mq4 Pouria_Indicator_1.1.mq4   8 KB | 950 downloads
MT4 EA, Indicator and Alert Coder Since 2006
  • #227
  • Feb 9, 2007 10:36pm Feb 9, 2007 10:36pm
Quoting luxinterior
Those two variables are used to calculate the angle of the MACD. Default is from current bar back 6 bars. You can decide how many bars to go back to calculate the angle/slope. From my understanding and by checking over historical data it's the angle of the macd that is of importance and not so much whether it's above/below the zero line. Above/below the zero will happen as a by product of the angle so it's almost irrelevant.

As for a buy/sell alert that's pretty much what you get with the cross alert. It's up to you if you take the signal or not. I'd suggest a cross signal combined with the angle of the macd. Experiment and decide what combination suits.

Regards

Lux

PS: I've updated the indicator so it's pretty much an all in one deal. Just put it on an empty chart and enjoy. There's no MACD showing as I mentioned above I don't believe it's of much use. If you really want it on the screen just add it manually as before.
Thanks very much.I will check it out.Best regards
  • #228
  • Feb 9, 2007 11:14pm Feb 9, 2007 11:14pm
Thanks, nice job this will make watching a lot of charts easier. The angle concept will be nice once you have tested it against the crossing the zero line by watching it a few times. This forum is a great place to share ideas and thouhts and learn from new concepts, again thanks for the indicator.
  • #229
  • Feb 9, 2007 11:26pm Feb 9, 2007 11:26pm
Any reason you chose to set fast moving average to 6 rather then 5 ? I understand it can be changed.
  • #230
  • Feb 9, 2007 11:31pm Feb 9, 2007 11:31pm
Quoting Forex1man
Any reason you chose to set fast moving average to 6 rather then 5 ? I understand it can be changed.
Simple accident. I'll change and re upload now.

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #231
  • Feb 10, 2007 12:05am Feb 10, 2007 12:05am
Quoting luxinterior
Those two variables are used to calculate the angle of the MACD. Default is from current bar back 6 bars. You can decide how many bars to go back to calculate the angle/slope. From my understanding and by checking over historical data it's the angle of the macd that is of importance and not so much whether it's above/below the zero line. Above/below the zero will happen as a by product of the angle so it's almost irrelevant.

As for a buy/sell alert that's pretty much what you get with the cross alert. It's up to you if you take the signal or not. I'd suggest a cross signal combined with the angle of the macd. Experiment and decide what combination suits.

Regards

Lux

PS: I've updated the indicator so it's pretty much an all in one deal. Just put it on an empty chart and enjoy. There's no MACD showing as I mentioned above I don't believe it's of much use. If you really want it on the screen just add it manually as before.

Hi,
thank you for coding this nice indicator.
However, I noticed that when I attach the indicator to my template that the EMA5 is shifted 1 bar to the right when you compareit to my manually added EMA5. The 2 WMAs are identical.

Is it only me?
  • #232
  • Feb 10, 2007 12:10am Feb 10, 2007 12:10am
Wow, looking back over the charts with your arrows in place you can now see a lot of losing trades. I do notice a few of the losing trades would not have happened if you was also watching the MACD, but still kind of scary !!!
  • #233
  • Feb 10, 2007 12:16am Feb 10, 2007 12:16am
Quoting Dan S
Hi,
thank you for coding this nice indicator.
However, I noticed that when I attach the indicator to my template that the EMA5 is shifted 1 bar to the right when you compareit to my manually added EMA5. The 2 WMAs are identical.

Is it only me?
I think you were using it with the default at 6 as spotted earlier. I've reupped it with it set to 5. My mistake.

I've also noted that in a few instances the signals are not always triggered but this is very rare and is a limitation of the method. I ma5 set on open etc etc. Changing it fixes the one signal but causes others to fail so I think it's best to stick with the original settings and just accept that on rare occasions you might miss a signal.

Lux
MT4 EA, Indicator and Alert Coder Since 2006
  • #234
  • Feb 10, 2007 12:20am Feb 10, 2007 12:20am
I should have clarified that a little I was looking at gbp 30 min chart still quite a few losers but on other hand EUR chart looks quite well. Oh, well enough till Sunday night thanks again, have a nice weekend.
  • #235
  • Feb 10, 2007 12:30am Feb 10, 2007 12:30am
Hello,

Your indicator is helpful, however it is not accurate. The entry is sometimes too late due to it opening after a candle where the cross occured with high momentum happened. It also plots entries when one, and not both of the lines are crossed.
  • #236
  • Feb 10, 2007 12:34am Feb 10, 2007 12:34am
Quoting luxinterior
I think you were using it with the default at 6 as spotted earlier. I've reupped it with it set to 5. My mistake.

I've also noted that in a few instances the signals are not always triggered but this is very rare and is a limitation of the method. I ma5 set on open etc etc. Changing it fixes the one signal but causes others to fail so I think it's best to stick with the original settings and just accept that on rare occasions you might miss a signal.

Lux
No, unfortunately not.
I had already the newest version and just downloaded it again.
Still the same, the EMA 5 is shifted 1 bar to the right from my manual EMA5.
  • #237
  • Feb 10, 2007 1:12am Feb 10, 2007 1:12am
Quoting Dan S
No, unfortunately not.
I had already the newest version and just downloaded it again.
Still the same, the EMA 5 is shifted 1 bar to the right from my manual EMA5.

Sorry Dan. I was applying it to the open not the close I've been at this a while and my eyes are starting to blur

Fixed it now and also done ANOTHER update - The last I promise...for now!

With this one you can specify the maximum/minimum angle you're interested in seeing signals for. So for instance if you set it to 2 you'll only be given signals if the MACD is +/- 2 when crossing the MA's...It certainly makes for some pretty accurate signals looking back at the charts. Obviously each pair is different so you'll have to play with the settings to get the optimum ones but I've given plenty of options so go WILD!

If you find any killer settings please post them for all to enjoy.

Lux
Attached File(s)
File Type: mq4 Pouria_Indicator_1.2.mq4   8 KB | 971 downloads
MT4 EA, Indicator and Alert Coder Since 2006
  • #238
  • Feb 10, 2007 1:40am Feb 10, 2007 1:40am
Awesome, now it fits perfectly

Whre can I switch the new angle settings?
I cant seem to find it in the indicator settings.

And take a rest ow,hehe. Weekend is long enough to get this right.
  • #239
  • Feb 10, 2007 1:53am Feb 10, 2007 1:53am
And one thing I cant make sense of is:
Why are the WMA`s applied to the low? Does it make sense at all?
As far as I can think, crosses for shorts are later than and crosses for long are earlier than compared to if you would apply it to close or even typical.

Do I make sense here?
  • #240
  • Edited 7:20am Feb 10, 2007 3:35am | Edited 7:20am
Quoting Dan S
And one thing I cant make sense of is:
Why are the WMA`s applied to the low? Does it make sense at all?
As far as I can think, crosses for shorts are later than and crosses for long are earlier than compared to if you would apply it to close or even typical.

Do I make sense here?
Dan - I was following the original strategy. I changed it to typical and i quite like the results.

I also added a visual for stop loss and take profit that is quite neat. I wouldn't take them as gospel but they make looking back at past history and trying to find optimum settings a bit easier.

Lux

PS: I've also added 2 variables so you can select your own price mode that each MA is applied to.

0:CLOSE, 1:OPEN, 2:HIGH, 3:LOW, 4:MEDIAN, 5:TYPICAL, 6: WEIGHTED
Attached File(s)
File Type: mq4 Pouria_Indicator_1.2.1.mq4   9 KB | 1,147 downloads
MT4 EA, Indicator and Alert Coder Since 2006
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