Mouteki Trading

[o990l6mh]

I still use this method…LOL!!!

I actually just joined this forum to bring this thread back to life…

This is actually based off of my first method from forexfactory in 2006 and I have also released a new method in 2008.

If you guys want, I am here to start this back up, so I guess it is up to you…

Hopefully some questions will be asked to fuel the fire…

Good Luck and Happy Trading,
-M

Sure, I’m listening!

[hellogoodbye4201]

Sure, I’m listening!

same and im wondering if this is profitable or not

edit - looks good im gonna try some manual backtesting and see what happens

[kalesh]

With the method slightly modified, I can get an average of 800 pips per month on a 4H on a single pair (E/U). So yeah its profitable
The modifications are

1. Place pending entries so that they will be triggered soon as the candle cuts the trendline and do not wait
2. place 2 trades at same time one normal TP and one 50 Pip TP

[hellogoodbye4201]

With the method slightly modified, I can get an average of 800 pips per month on a 4H on a single pair (E/U). So yeah its profitable
The modifications are

1. Place pending entries so that they will be triggered soon as the candle cuts the trendline and do not wait
2. place 2 trades at same time one normal TP and one 50 Pip TP

and what if you dont modify it?

EDIT - do people use the mouteki indicator? or just the hand drawn trend lines?

[kalesh]

without modification it gives about 200 pips per month on the daily and about b/e on the H4.

I use hand drawn lines because there is actually another modification which I forgot to mention. I do not go “too fat back” to find the highs and lows, the distance is subjective for now, but I am trying to get a better idea so as to make it objective.

[hellogoodbye4201]

without modification it gives about 200 pips per month on the daily and about b/e on the H4.

I use hand drawn lines because there is actually another modification which I forgot to mention. I do not go “too fat back” to find the highs and lows, the distance is subjective for now, but I am trying to get a better idea so as to make it objective.

from what i see alot of the pending entries would be hit but then you’d be stopped out

[kalesh]

from what i see alot of the pending entries would be hit but then you’d be stopped out

Not if you put your trades 2 pips + spread away from the trendline so that its not triggered when it “touches” the line but only when it crosses it.

[hellogoodbye4201]

Not if you put your trades 2 pips + spread away from the trendline so that its not triggered when it “touches” the line but only when it crosses it.

ill have to take a look at that then

[kalesh]

[QUOTE=hellogoodbye4201;151671]ill have to take a look at that then :P[/QUOTE]

I have attached a spreadsheet with last two months backtest in H4

[hellogoodbye4201]

I have attached a spreadsheet with last two months backtest in H4

says the folder is empty

[kalesh]

says the folder is empty

Humm wired
anyways I have uploaded xls file (cant attach here)
Scroll down to download.
sendspace.com/file/3eeq3t

[forexjax]

I know its going to be like more than 2 years since there was some kinda Activity on this thread… But I was trying this out myself and I found this … something which could be a conincidence I guess

Looks like Fibonacci Price Extension

[Sillubrious]

Hi ahefner33,

I downloaded the Demark alert indicator on metatrader 4 and wonder if you can explain to me exactly how it works.
It would be much appreciated.

Thanks

Jacques

[pbanerjee]

Came here as I was searching for more info on supply/demand trading and DeMark has done some splendid work on that subject. Mauteki is derived from DeMark’s work and this looks interesting. Is anyone using this method?

[njokie]

Came here as I was searching for more info on supply/demand trading and DeMark has done some splendid work on that subject. Mauteki is derived from DeMark’s work and this looks interesting. Is anyone using this method?

yes am trying it out looks good
do u have a link to DeMark’s work am using mauteki’s explanation