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My own developed benkyalate system

  • #181
  • Oct 29, 2008 11:01am Oct 29, 2008 11:01am
Quoting imad
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

i know that most dont like to average there position for me i like to do that because it give me flexibility and please i am saying rules here that i want begginers to use to keep them in the safe side and it is a 3 trllion dollar market so no need to be greedy ,i have doubled my account in 12 houres only real account and any one that want a statment i can give him in private but that is not my rule i aim 1-10 % per day and that enougth .
this sytem is great just follow the general rules and about my infiniti startgy of managment it is for my own use and i dont want to expose it .
so i ust gave you snaps about it .
but i gave also good ideas to start with ,
my reagrds .
  • #182
  • Oct 29, 2008 11:04am Oct 29, 2008 11:04am
Quoting paradoxical
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.

thanks a lot my friend .
i just wanted to help and i will have benifites also couse now 99 % o traderes will not loss and 1 % will not keep controlling the market so i can develop a better system and have a chance equal chance to win depending on my efforts .
my regards.
  • #183
  • Oct 29, 2008 11:06am Oct 29, 2008 11:06am
in this short euro i took at the dotted line , i am + 107 pip .
thanks
  • #184
  • Edited 11:20am Oct 29, 2008 11:10am | Edited 11:20am
Quoting oan4fx
i know that most dont like to average there position for me i like to do that because it give me flexibility and please i am saying rules here that i want begginers to use to keep them in the safe side and it is a 3 trllion dollar market so no need to be greedy ,i have doubled my account in 12 houres only real account and any one that want a statment i can give him in private but that is not my rule i aim 1-10 % per day and that enougth .
this sytem is great just follow the general rules and about my infiniti startgy of managment it is for my own use and i dont want to expose it .
so i ust gave you snaps about it .
but i gave also good ideas to start with ,
my reagrds .
Can you explain a bit more 'average your position' cause i don't really understand that part of your system...?

Sorry if it's a stupid question

I'm testing your system since yesterday and i have already 652 pips profit!

Thanks for sharing it with us!
  • #185
  • Oct 29, 2008 11:28am Oct 29, 2008 11:28am
Wow Oan4fx, this looks a good system, just to clarify for my own basic understanding using 4h chart only

Only buy when candle closes or surpasses at some point longer dotted green line and 3 level -.81, only sell when candle closes and at some point surpasses or touches longer dotted red line and at least 3 level +0.81?

If candles hit either red or green solid line wait for candle to close then get in trade, dont ned to count candles?

Take profit when price hit COG

30 pip stop loss recommended for EUR/USD??

Does that sound right or have I missed anything?
  • #186
  • Oct 29, 2008 11:30am Oct 29, 2008 11:30am
Quoting Tibo
Can you explain a bit more 'average your position' cause i don't really understand that part of your system...?

Sorry if it's a stupid question

I'm testing your system since yesterday and i have already 652 pips profit!

Thanks for sharing it with us!

great man keep the good work .
i use my infiniti mangement stratgy to average my positions.
so i can not expose a lot about it but just try to averge you position gradullay place the smallest trade you can then add every 30 - 100 pips aganist your position .
it is really a long stratgy and i need to write a book to make you understand it couse it is the ultimate infiniti managment stratgy and it is really undefetable like my trading system in maxiumizing profits and minimizing losses.
my regards.
  • #187
  • Oct 29, 2008 11:34am Oct 29, 2008 11:34am
Oan,
Usd/Cad long trade is now -113, when do u think price will retrace back ?
Can we buy more lots from here its now at 2221 ?
  • #188
  • Oct 29, 2008 11:36am Oct 29, 2008 11:36am
Quoting lev1910
Wow Oan4fx, this looks a good system, just to clarify for my own basic understanding using 4h chart only

Only buy when candle closes or surpasses at some point longer dotted green line and 3 level -.81, only sell when candle closes and at some point surpasses or touches longer dotted red line and at least 3 level +0.81?

If candles hit either red or green solid line wait for candle to close then get in trade, dont ned to count candles?

Take profit when price hit COG

30 pip stop loss recommended for EUR/USD??

Does that sound right or have I missed anything?
yes rigth but 30 is not enougth you need 100 stop loss at least to not be hunted by brokers so place third the position then add two thirds i price went aganist you with 50 pips to stop loss at 100 pips .
thats sounds better
my regards .
  • #189
  • Oct 29, 2008 11:36am Oct 29, 2008 11:36am
Quoting oan4fx
great man keep the good work .
i use my infiniti mangement stratgy to average my positions.
so i can not expose a lot about it but just try to averge you position gradullay place the smallest trade you can then add every 30 - 100 pips aganist your position .
it is really a long stratgy and i need to write a book to make you understand it couse it is the ultimate infiniti managment stratgy and it is really undefetable like my trading system in maxiumizing profits and minimizing losses.
my regards.
So if i /SELL/ and it's -30 against me, i have to open a new SELL, or a BUY?
  • #190
  • Oct 29, 2008 11:38am Oct 29, 2008 11:38am
Quoting trendspider
Oan,
Usd/Cad long trade is now -113, when do u think price will retrace back ?
Can we buy more lots from here its now at 2221 ?
yes you can and in what conditions did you enter .
did you wait for the average candles to reach three levels and entered from doted lines or green lines .
please tell me .
my regards .
  • #191
  • Oct 29, 2008 11:45am Oct 29, 2008 11:45am
Quoting Tibo
So if i /SELL/ and it's -30 against me, i have to open a new SELL, or a BUY?
your first postion should be small i start with 5 $ for every 1000 $ account so 500 $ with margin then add 10 $ so 1000 $ so now i am leaveraged only one time and a half of my whole equity .
you either stop loss or trade goes with your way and give you back profits .
you can add more 20 $ positions but i recomend it for 3000$ account size .
so in the end your leaverag eis not more than 2:1 to your real equity .
how did i doubled my account in 12 houres ok i went up from 2:1 to 30 :1 and it was for pleasure thats all .
my regards .
  • #192
  • Oct 29, 2008 11:45am Oct 29, 2008 11:45am
Quoting oan4fx
yes you can and in what conditions did you enter .
did you wait for the average candles to reach three levels and entered from doted lines or green lines .
please tell me .
my regards .
Thanks for your reply,

Yes i entered exactly when price hit the green solid line and candle bar was full pointing downword. It went in my favor at first but then went against me now -141 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: al.jpg Size: 199 KB
  • #193
  • Oct 29, 2008 11:49am Oct 29, 2008 11:49am
Quoting trendspider
Oan,
Usd/Cad long trade is now -113, when do u think price will retrace back ?
Can we buy more lots from here its now at 2221 ?
i think u entered earlly .
now is time so buy again now and reforce your position .
my regards.
  • #194
  • Oct 29, 2008 11:51am Oct 29, 2008 11:51am
Quoting trendspider
Thanks for your reply,

Yes i entered exactly when price hit the green solid line and candle bar was full pointing downword.
ok you did not wait to the candle to finish so you should put in your mind you may need to reforce your postion escpically when looking with a little fundemental view .
dont worry it will go well it is just the fed interest cut affect and it will subside .
my regards.
  • #195
  • Oct 29, 2008 11:58am Oct 29, 2008 11:58am
Quoting oan4fx
ok you did not wait to the candle to finish so you should put in your mind you may need to reforce your postion escpically when looking with a little fundemental view .
dont worry it will go well it is just the fed interest cut affect and it will subside .
my regards.
I like your confidence man .
good luck
  • #196
  • Oct 29, 2008 12:00pm Oct 29, 2008 12:00pm
Oan, I have a question for you. Do you actually use a Stop Loss?

Look forward to your answer.
  • #197
  • Edited 12:14pm Oct 29, 2008 12:04pm | Edited 12:14pm
Quoting forexmoments
Oan, I have a question for you. Do you actually use a Stop Loss?

Look forward to your answer.
i am a fundementalist and ellitoition but i put stop loss but the minimal is 300 pips .
so it is like not putting a one and putting a one as i said befor i just average my positions .
and i dont place it in the plateform just wait to place it manual so that it does not be hunted and the broker dont have a an excuize to close my postion and say it was a mistake and i keep records of my trades some times with video evidance.
my regards .
  • #198
  • Oct 29, 2008 1:04pm Oct 29, 2008 1:04pm
Oan..

I use both Al Trade and Crown Forex MT4 Platforms. please see the difference on the chart for AUD on both of them.
How can you till which one is more accurate ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: altrade.jpg Size: 211 KB
Click to Enlarge Name: cf.jpg Size: 214 KB
  • #199
  • Oct 29, 2008 1:11pm Oct 29, 2008 1:11pm
Neoan,

First of all, want to say thank you for sharing the system, I think it seems that it is working even on other timeframes (tried on 15 min and had success). I have no doubts that u have played a lot with the Center of Gravity and candle average setting to make such an efficient method.

However, on some of your screenshots there is another indicator (Belkhayate timing) which seems to be static centre of gravity. I went to the arabic forum but unfortunately was not able to find where to download it (do not know the language), also tried to look on the internet - no success.

Don't you mind sharing that indicator with us? I am not willing to say that your system is not great, just want to play around with settings for my own use. If anything good comes up, I will post the settings on the forum.

Kind Regards,

Peter
  • #200
  • Oct 29, 2008 1:28pm Oct 29, 2008 1:28pm
Quoting oan4fx
thanks fx sniffer you did came all the way from there lololo
my regards
Just to check on how you're doin
Sniffing Snake's Tracks...
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