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

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Attachments: The Pouria Method
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The Pouria Method

Quoting BearPaw
Forexpert...or anyone for that matter...

GBPUSD seems to be a big loser for me....Here are my results with that pair since February 12th....

Feb 12th -- 2 trades ---+20, +20
Feb 13th--4 trades-----+20, -20, +20, +20
Feb 15th---2 trades----(-20), -20
Feb 20th---3 trades----(change stop loss to 50)-50, -50, +20
Feb 21st---2 trades----+20, -50

Net for GBP.....13 trades....6 profitable, 7 unprofitable
Net return = -110 pips

Any ideas from anyone would help me out.....

BP


EA lost me money overall too. I think there needs to be changes maybe and I do not have the answers on what will work better. Mikhial will get it to work better ... just give him time .... IMO


Here is a New Idea .... that may help BearPaw ... see what you think?

http://www.forexfactory.com/showthread.php?t=18258
MACD ... 3,9,1 works a lot better for this Method. Try it ..... tell me what you think. IMO
and you will see how the 3,9,1, MACD helps to make this Method more tradable. just IMO


Just something for you all to try and see how it works for you. I am hoping the newer versions EA incorporates this as well. But you can adjust the moving averages to what works best. I do not think this is a dead end METHOD . I think the Method can survive and evolve to a working system. Just my 2 cents .....


I also switch between 30min and 1hr charts ... not necessarily following the origional time settings.
Quoting ut2DaMax
and you will see how the 3,9,1, MACD helps to make this Method more tradable. just IMO


Just something for you all to try and see how it works for you. I am hoping the newer versions EA incorporates this as well. But you can adjust the moving averages to what works best. I do not think this is a dead end METHOD . I think the Method can survive and evolve to a working system. Just my 2 cents .....


I also switch between 30min and 1hr charts ... not necessarily following the origional time settings.
Ut,

With the 30/35 and 50/55 ma's, are you saying just replace those with the 75 and 85 ma's as they are now? With the same settings? Are you saying to have 4 now instead of the 2 that we had before? replace 75 with a 30 and a 35, etc..?

Thanks for the other link as well...looking into it.

BP
Quoting BearPaw
Forexpert...or anyone for that matter...

GBPUSD seems to be a big loser for me....Here are my results with that pair since February 12th....

Feb 12th -- 2 trades ---+20, +20
Feb 13th--4 trades-----+20, -20, +20, +20
Feb 15th---2 trades----(-20), -20
Feb 20th---3 trades----(change stop loss to 50)-50, -50, +20
Feb 21st---2 trades----+20, -50

Net for GBP.....13 trades....6 profitable, 7 unprofitable
Net return = -110 pips

Any ideas from anyone would help me out.....

BP
Well, another day has passed and Forexpert has not been able to give any advice concerning the gbpusd trade.

Another day means another GBPUSD trade that is -50 in the hole.

So, 2 options...1) change the timeframe on the chart for the GBPUSD. 2) stop trading the GBPUSD pair.

I am open to suggestions from anyone on this matter.

Thoughts?

BP
Move on.

This is an awful risk management system. (Not to mention the super-late entry dynamics). This is an inarguable statement.

We're drawn to higher hit-rate systems but Forex is too easy an entry market.

Spend more time developing and/or looking at systems that have good risk/money mgmt. structure.

Quoting BearPaw
Well, another day has passed and Forexpert has not been able to give any advice concerning the gbpusd trade.

Another day means another GBPUSD trade that is -50 in the hole.

So, 2 options...1) change the timeframe on the chart for the GBPUSD. 2) stop trading the GBPUSD pair.

I am open to suggestions from anyone on this matter.

Thoughts?

BP
Quoting BearPaw
Forexpert...or anyone for that matter...

GBPUSD seems to be a big loser for me....Here are my results with that pair since February 12th....

Feb 12th -- 2 trades ---+20, +20
Feb 13th--4 trades-----+20, -20, +20, +20
Feb 15th---2 trades----(-20), -20
Feb 20th---3 trades----(change stop loss to 50)-50, -50, +20
Feb 21st---2 trades----+20, -50

Net for GBP.....13 trades....6 profitable, 7 unprofitable
Net return = -110 pips

Any ideas from anyone would help me out.....

BP
I have to intrepret your statistics.
-13th, I only see 2 trades
-15th. I'm assuming, as I have to read the charts, you entered on a 100 pip dip candle on GBP disappointing retail sales figure.
Maybe this would've been okey if you were expecting a further trend in NY.
Then at 9 I guess you got stopped out due to a horrible TIC report, and posssible Fed speaking.
I don't know if that says you have 2 losses or what. I don't know where the second would come form.
-20th. The super volatile day of the JPY interest rate change, and the most important BOE meeting minutes. I don't know if you changed the lines, or what timeframe you're on, but I'm seeing 2 entries though, and one would work. But due to the CPI.
Or the 21st was the BOE meeting minues with that spike, etc.
But it doesn't make a difference, I see the same thing going on either way.
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, listen you don't need to be greedy there is enough money for everyone, atleast 2 trillion $ a day, 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!!!
Thanks so much for sharing this system with us. I started using this system in my live trading since last week Thursday and I am 117 pips richer. No losing trade using it on only GPD/USD. You are da bomb!!!
Forexpert310. Very nice system you have developed here. I think you did develope this, at least in my limited experience I have not seen a crossover system with these indicators.
Have been trading paper on the GBP/USD and CHF/USD. I like to put my stop losses a little deeper that you recommend, usally behind a fib, a PP or historic R/S.
Ok course I am out around any type of news. I beleive the MACD needs to be tweaked for each pair but I have not found a meaningfull change as yet. Trying to get in a couple of pips sooner; greed is a great motivator and my worst enemy.
Thanks for your work and willingness to share.
I follwed the instruction on the pouria method. I also followed other instruction on the same method. I used demo trading for testing this method. My results showed the difference between 2 instructions.

I traded 2 same pairs on 30 minutes chart: EUR/USD, but the difference is stop loss: 20 pips vs 50 pips.

2/21/07 time: 6.56 am. Stop loss is 20 pips

Sell

1.3127

Closed time: 8:16 am

1.3147

Loss: 20 pips

2/21/07 time: 6.58 am. Stop loss is 50 pips.

Sell

1.3130

Closed 2/22/07 time 2:38 am.

1.3106

Profit; 24 pips.

I took profits: 4 pts.

Any thoughts?
  •  Guest
  • | IP
Thanks so much for this thread.

I learned a lot and it made me think and this is what I came up with.... I dont mean to hijack this thread, it has been most helpful and inspiring to me.

I put up the Pouria method and also added ADX13 and MACD 3 9 1 and overlaid lsma3 over macd and then I was able to draw a parallel to when it is safe to enter and possibly get in a bit earlier and leave less of the pips on the table and this is what I came up with.

ZerolaggMacd : When blue goes up through 0 its a buy

When lsma is on the silver vertical bars going in the same direction as the blue line its very safe.... ( lsma is then inbetween blue line and on the silver bars)

When ADX has crossed blue above red it means BUY if it trades under the dotted 25 line we are sideways ( if you enter take small profits, dont be greedy)

When green line of ADX is inbetween red and blue line its very safe to trade . The trade is over when the green line goes out of blue and red line.

This method gets me in a wee bit earlier and I confirm my Pouria trade with this.
It means we can enter when MACD blue line crosses 0 but have a look at ADX if all 3 lines are trading under 25 then we are sideways better to stay out.. or if you have to trade... dont be greedy take 5 pips eg and run !! Making little bits adds up and that is what I like about this thread.

Pink vertical line is entry and green vertical line is when I exit. ( when slope of greenADX makes a hook in the opposite direction)

So basically ADX 13 with green line in between red and blue is very safe as well to trade with and possibly will add to our bag of pips at the end of the day.
This Pouria example of today on GBP was a very safe trade that you could have entered with confidence.

Why?
Pouria gave us the signal but before we got the signal both ADX and MACD warned us that a good safe move is coming along. The young and the restless can basically enter with confidence before we actually get the Pouria signal as can be see from this screenshot. So when you get the Pouria signal then you know you will not lose ! :-)

Hope you make out what I am trying to explain :-)

Again thanks everyone for sharing. I would like to hear how I can make is even better. My problem always has been that I am hesitant to enter,, so when it is very safe I do it with confidence and I have less stress. This is why I like this thread so much.
Attached Image
Attached File(s)
File Type: mq4 Macd_Zerolagg.mq4   3 KB | 563 downloads
File Type: mq4 lsma 3.mq4   3 KB | 524 downloads
  •  Guest
  • | IP
I also look at Macd 3 9 6 as a exit strategy...

See enclosed chart..when the red line goes out of the vertical grey lines then the move is over and I take profit ( or most of it)

Again Pink vertical line is entry and green one is a good time to take the money and run.

We will trade safe and be succesful.
Attached Image
hi forexpert310,r u still working on the pouria method II and when will u be sharing with us? thanks..
Hi guys..i have been trying to figure a way how to catch both the big and small moves on Pourias method...there is no indicator in the world that can tell us when the big moves will happend!!!(sorry for my english)
My idea is that with money management and with pourias method you can achieve profits...the ideas is that when the pourias theory is ready to take place i open 2 trades(i must say that this theory can be take place when the spread is 2-3,so only on major pairs guys)so open 2 trades,both trades 14 pips SL,1trade 14pip TP,second trade when reach to +14 u will change ur SL to the price that u set ur orders and let it go, maximun TP is about 25-40...dont get greedy!!!

Worst case senario -28pips losses .......25% that this can happend
Good case senario +14pips profits.........45% can this happend
Very good case senario +54 profits.......30% can this happend



RULES
1)Dont try this during news
2)Pourias method must be apply all the way
3)Do this on only 2-3 pip spread



This can be apply in all major pairs!!

I must thx the people that design Pouria Method
And all of you that you trying to make it better!!
I traded 2 same pairs on 30 minutes chart: EUR/USD, but the difference is stop loss: 20 pips vs 50 pips.

2/26/07 time: 6.28 am. Stop loss is 20 pips

Sell

1.3164

Closed time: 2:47 pm

1.3147

Loss: -19 pips

2/26/07 time: 6.31 am. Stop loss is 50 pips.

Sell

1.3164

Closed 2/27/07 time 3:18 am.

1.3214

Loss; -50 pips.

Total Loss: -69 pts.

Last time I profited 4 pts, but now I lost -65 pts. (Demo only)

Any thoughts?
Quoting Askjo
I traded 2 same pairs on 30 minutes chart: EUR/USD, but the difference is stop loss: 20 pips vs 50 pips.

2/26/07 time: 6.28 am. Stop loss is 20 pips

Sell

1.3164

Closed time: 2:47 pm

1.3147

Loss: -19 pips

2/26/07 time: 6.31 am. Stop loss is 50 pips.

Sell

1.3164

Closed 2/27/07 time 3:18 am.

1.3214

Loss; -50 pips.

Total Loss: -69 pts.

Last time I profited 4 pts, but now I lost -65 pts. (Demo only)

Any thoughts?

What broker are you using?
What are the times? GMT?
I wonder if this strategy is better traded live instead of automated? It seems the automation gets us in at the top of spikes, etc.

BP
Quoting onoufris
What broker are you using?
What are the times? GMT?
FXCM.
Times are EST.
Quoting Askjo
Stop loss is 50 pips... Loss; -50 pips.
Total Loss: -69 pts.... Any thoughts?
I understand that everybody is trying different variables, so I'm not really faulting you for that - and I'm not sure what you're T/P is.

But beauty of this method - if it actually works- is the tight stop.

There's a chance that you've drifted too far away from the original S/L of 14.
Quoting brentmack
I understand that everybody is trying different variables, so I'm not really faulting you for that - and I'm not sure what you're T/P is.

But beauty of this method - if it actually works- is the tight stop.

There's a chance that you've drifted too far away from the original S/L of 14.
Forexpert's instruction on EURUSD said T/P is 15 pts.
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