Here is a spot to put charts of almost any MANUAL backtesting you've done. I will kick it off with a commerce in OCT. 2001 which was good for 292 pips...
Here is a spot to put charts of almost any MANUAL backtesting you've done. I will kick it off with a commerce in OCT. 2001 which was good for 292 pips...
Correct me if I am incorrect, At PP of 292pips, Mr Mouteki imply a 3:1 SL so 97pips SL doesn't get activate commerce was legitimate.Originally Posted by ;
I'm not saying the SL has been triggered.Originally Posted by ;
As per Mouteki's rules, if we are short a position, and we receive a new signal in the opposite direction (a buy signal), then we close out of this brief, and open a position in the new leadership.
Here is a copy of the chart that might help, I point out a couple of prospective buy signals after we take the brief (the black lines and lettering are what I have added):
http://picnac.com/images/5505chart.jpg
Hello Daerus,
Ofcourse You're correct. I must have signaled my thoughts about this particular trade to explain.
Because the 14527 fracture was so significant, I would have had my stop over it. Now obviously that's easy to say in hindsight, but there it is.
Either way, it is a winning trade, but you are right, per stringent Mouteki egy, a trendline break in the opposite direction would signal a change of position.
Here is where discretion must be utilized in what is, to this point a largely mechanical procedure of entrance.
Best regards,
HK
Originally Posted by ;
Would you tell me where did you read this? I think I missed something. On the other hand, if what you said is right, why worth to put a SL if sometime, between the beginning of the trade and reach of this goal, is a cease (reverse) sign? I think something is not right. If you start a trade, you have only two choices:Originally Posted by ;
- get to the target profit
- get to the stop loss
It doesn't seems to me to be very reliable to stop a trade only because you have a reverse sign. Since I study this technique on the charts, I saw winning transactions that missed SL with a few points. But I saw good signs which was in fact bad trades.
Hello hans gregor,Originally Posted by ;
Mouteki employed this technique from the powerpoint presentation when he showed us that the backtest of July (I think it was July - that I don't have the presentation right now).
Anyhow, the presentation is somewhere in the massive thread, I can not remember where, unfortunetely.
Fantastic attempt HK, I'll continue to keep an eye on this thread and see how different the result will probably be from the automated backtesting.
And, IMHO, when backtesting a method, we must follow the machine, not to add discretion, unless discretion a part of the machine. Otherwise it'll be analyzing our descretion rather than the system itself different tester will get various results.
Keep up great work, I am sure lots of people require the result to confirm their positive on this particular system.
Originally Posted by ;
Daerus, I'll concur with you on this one. If sticks into Mouteki system, the sell will be closed with a small profit and the subsequent buy trade will soon be stopped out and probably eat all the profit from the previous trade.
Of course if we play trendline break egy as HK said, we might endure the retesting of the TL and be a big winner, but that is only a general TL break system, or a modified Mouteki system.
Originally Posted by ;
Thx. I found that I forgot to take a look at them since it was not posted following the move into the mouteki substance thread. Perhaps they will be posted by mouteki .Originally Posted by ;
So, am I right in supposing that this post of a winning trade was a losing trade as per rules there could have been a reverse and close to a buy in the high?