Mouteki Trading Revisited

[kalesh]

At one time I found the Mouteki system quite good, but then lost track of it. Now I am looking into it again and this time I will be adding rules to the original system in order to increase profits and decrease losses.
I will be backtesting it from January 1999 till 14 November 2009 (current date) and from there forward test will begin.
Base rules of Mouteki system are used.
Rules in Red are no longer followed. And have been replaced by better rules.
The rules with base system and an indicator (both found on this very forum) are attached.
Additional rules:
Only use Daily Timeframe
If breaking candle touches both trendlines the trade is ignored.
Look for next trade only once TP/SL has been hit. I found that this was actualy leaving a lot of trades and pips on the table so it is no longer followed.
StopLoss is placed at the highest high /lowest low of the last two candles or at 1/4 TP level (whichever gives greater SL).



Backtest data will be added to this post/thread as I do the backtests.

Trade #: 1
Pair EUR/USD
Entry date: 1999/01/07
Price: 1.1626
Tp: 430
SL: 214
TP Hit:Yes
SL hit: no
Exit date: 1999/02/16
Date Low 1: 1998/12/31
Date Low 2: 1998/11/27
Pips total:430
Won trades:1
Loss trades:0


Trade #: 2
Pair EUR/USD
Entry date: 1999/02/19
Price: 1.1073
Tp: 1441
SL: 214
TP Hit:Yes
SL hit: no
Exit date: 1999/05/27
Date Low 1: 1999/02/16
Date Low 2: 1998/08/27
Pips total:1871
Won trades:2
Loss trades:0

[TalonD]

interesting, so what would this look like on a current gbp/usd ?

[kalesh]

Im still trying to figure out if I should do all the testing I wanted to or just do a month or two back worth of it.
Here is the last G/U trade and G/U setup
For the last entry signal yellow lines are the calculation lines. red line is the SL, Green Line is the TP, Blue lines (except blue trendline) are entry lines.
The Green trendline and blue trendline are current trendlines. If a daily candle closes above the blue trendline (which it should pretty soon) it will give another buy signal in which case one could either just change the SL and TP of last trade or add a new trade.

[hess]

why are u testing 1999?