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My own developed benkyalate system

  • #161
  • Oct 29, 2008 8:51am Oct 29, 2008 8:51am
But, if its agreed that valid signals are given "at the moment", does it really matter that it repaints?
  • #162
  • Edited 9:08am Oct 29, 2008 8:55am | Edited 9:08am
Quoting RandyG67
But, if its agreed that valid signals are given \"at the moment\", does it really matter that it repaints?
It does because the author of the thread has posted screenshot of signal in the past (as well as in the present)

If he uses the repaint version, the signals appearing in the past are worthless in terms of showing the validity of the method. So you have to focus only on present signal.

The best thing to validate the strategy is forward testing it or backtesting it with a visual backtest (there is a topic on this in the forum)
  • #163
  • Oct 29, 2008 9:05am Oct 29, 2008 9:05am
No, it really doesn't. COG has been around for a long time, and the big beef is that it repaints and you can't look back at a chart and see historical perfromance, so jb created the no paint version that I posted.

It does repaint, and that's why you need another indi. Here he uses the candle average. Some people use an MA cross -- f the cross occurs outside of the outer lines that signals the entry.

Edit: I just read melpheos' post. And he is of course right for past trades. I'm referring to current trades.

Quoting RandyG67
But, if its agreed that valid signals are given \"at the moment\", does it really matter that it repaints?
  • #164
  • Oct 29, 2008 9:11am Oct 29, 2008 9:11am
Hi,

Is it a short signal on G/J ?
I use Al Trade MT4 platform.

Thanks
Attached Image (click to enlarge)
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  • #165
  • Oct 29, 2008 9:14am Oct 29, 2008 9:14am
I see. So past results shown with charts must be taken with a grain of salt here. However, forward/live testing performance statistics will stand up at face value....good or bad.

Of course, I guess this is the successful recipe for any and all systems (the forward-test performance).

Thanks Guys,
Randy
  • #166
  • Oct 29, 2008 9:16am Oct 29, 2008 9:16am
Quoting BenQ
No, it really doesn't. COG has been around for a long time, and the big beef is that it repaints and you can't look back at a chart and see historical perfromance, so jb created the no paint version that I posted.

It does repaint, and that's why you need another indi. Here he uses the candle average. Some people use an MA cross -- f the cross occurs outside of the outer lines that signals the entry.

Edit: I just read melpheos' post. And he is of course right for past trades. I'm referring to current trades.
That means actual signals can be valid as long as you have another indicator which confirms the signal?
  • #167
  • Oct 29, 2008 9:33am Oct 29, 2008 9:33am
Quoting melpheos
It does because the author of the thread has posted screenshot of signal in the past (as well as in the present)

If he uses the repaint version, the signals appearing in the past are worthless in terms of showing the validity of the method. So you have to focus only on present signal.

The best thing to validate the strategy is forward testing it or backtesting it with a visual backtest (there is a topic on this in the forum)
my friend i used past screen shoots to describe the stratgy thats all so dont get me wrong and i made more than 7 or 10 trades live so dont underestimate that and please take your pilles.
about the indicator re paint it self but guess what with this setting i developed you have valued entery points and in the same time it repaint with price respecting so just keep wathing this thread .
and for you ashi yes i am a smoker but i somke cigaare only .
my regards.
  • #168
  • Oct 29, 2008 9:38am Oct 29, 2008 9:38am
Well, as valid as any signal can be. The thread starter here says he has had good results with his setup. I don't doubt it, I just don't have enough expereince with his method.

He's using the candle average to confirm. But he also has some differences in the way he set up his COG. Give his method a try. Nothing to lose in trying, but possible pips to win.


Quoting MCFly
That means actual signals can be valid as long as you have another indicator which confirms the signal?
  • #169
  • Oct 29, 2008 9:47am Oct 29, 2008 9:47am
I made 300 pips from my yesterday positions.

Now, buy USDCAD 30 pip +

Some one can helpme with TP
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  • #170
  • Oct 29, 2008 9:58am Oct 29, 2008 9:58am
I'm also long USD/CAD at 1.2308. I will close at center of gravity "blue line" 1.2740.
  • #171
  • Oct 29, 2008 10:02am Oct 29, 2008 10:02am
Good work Abu Oan and more power.

Cheers..
Sniffing Snake's Tracks...
  • #172
  • Oct 29, 2008 10:04am Oct 29, 2008 10:04am
Quoting altezza.cl
I made 300 pips from my yesterday positions.

Now, buy USDCAD 30 pip +

Some one can helpme with TP

just dont be greedy put a stop loss and trial stop .
my regards.
  • #173
  • Oct 29, 2008 10:26am Oct 29, 2008 10:26am
hi ouan
i shorted the euro at the dooted red line is that ok ?
thanks
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  • #174
  • Oct 29, 2008 10:28am Oct 29, 2008 10:28am
Quoting imad
hi ouan
i shorted the euro at the dooted red line is that ok ?
thanks
not ok in doted line you wait for average candle to reach .81 and the price candle to close ,
my regards
  • #175
  • Oct 29, 2008 10:29am Oct 29, 2008 10:29am
Quoting FX.Sniffer
Good work Abu Oan and more power.

Cheers..


thanks fx sniffer you did came all the way from there lololo
my regards
  • #176
  • Oct 29, 2008 10:36am Oct 29, 2008 10:36am
Quoting oan4fx
not ok in doted line you wait for average candle to reach .81 and the price candle to close ,
my regards
Oan, i recall you said that you place a limit order to enter the trade and you don't wait for the canlde to close!

Regards
  • #177
  • Oct 29, 2008 10:38am Oct 29, 2008 10:38am
Thanks for clearing up the repaint issue. The only way to prove trades would be to take a picture of your chart every few minutes as you watch it, and as you make the trade when the paremeters are met....touching the dotted lines or solid lines. The charts that show prior days do not represent an accurate picture of what the viewer is seeing in real time. Oan has given his rules for entry and money management, and says that this system works very well. I have no reason to doubt him. I do know that yesterday, every single one of the trades I made at the candle close of 00:00 worked out very well, and some of those were only at or above the dotted red lines. Currently, I've made two test trades even though it's not at the candle close. One is buying the USD/CAD as it touched the lower solid green line and the candle average is below .81. Within only 5 or 10 minutes, that trade is plus 30 pips. The other trade is a sell on the NZD/USD at .5826, which was at the dotted red lines and above .81. That trade is currently down 5 pips, but was up as much as 7.
For the skeptics, and no one can blame anyone for being skeptical due to the fact that there are hundreds of systems that don't pan out, look back through some of Oan's posts, and you'll see that he knows what he's talking about. Also, he says this system works, and there's no reason for him to lie and expose himself to ridicule. Finally, the system buys or sells at extremes. When you want to buy a car, you want to buy it at the lowest possible amount. when you want to sell a car, you want to sell for the most possible.
Of course, a heavily trending market would not be the best. But, Oan has been using this during the past few months when the market has been trending heavily, and still reports excellent results.
  • #178
  • Oct 29, 2008 10:49am Oct 29, 2008 10:49am
yes abuoon
you didnt say that you wait for the candle close , u said u enter when it touched the doted line and if it goes against you , you average your position .
this is what you have said
sorry if i missed something but this is what i remember
thanks
  • #179
  • Oct 29, 2008 10:52am Oct 29, 2008 10:52am
Quoting alba9567
Oan, i recall you said that you place a limit order to enter the trade and you don't wait for the canlde to close!

Regards
my friend i am a fundemntalist also so i have my own way and i am giving you here the safe way so just stike to the common rules and you will do well.
my regards
  • #180
  • Oct 29, 2008 10:58am Oct 29, 2008 10:58am
Quoting alba9567
I'm also long USD/CAD at 1.2308. I will close at center of gravity \"blue line\" 1.2740.

I´m out.
Trailing stop take me out with 28 pips ( i see 55 pips before)
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