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My own developed benkyalate system

  • #241
  • Oct 30, 2008 8:42am Oct 30, 2008 8:42am
Quoting neurus
I was testing the system live.
AN example: In USDJPY 4HR timeframe you had a sell signal at 95.80 and now the price is 98.70. The drawdown is near 300 pips.
The put another sell order at 96.10 and still up.
What can I do?
yesterday with the usdchf I had a long signal at 1.1455 and I close the trade with 200 pips drawdown.
the system gave clear sign to sell usdpy at 98.some thing you can chick my postes and then price went down about 200 pips profits and please .
do it life here post your pictures of trades may be you have some thing wrong like using smaller time fram i said just 4 houres for the first system i posted .
and try the last three systems and there scale way trading you will like it i went shori in euro from yesterday and and i am 200 pips profit now.
my regards.
  • #242
  • Oct 30, 2008 8:49am Oct 30, 2008 8:49am
Ok. Thank you. I will wait for your new posts. I want to know exactly when you enter to put a trade in my demo too.
I am testing the system.
Quoting oan4fx
the system gave clear sign to sell usdpy at 98.some thing you can chick my postes and then price went down about 200 pips profits and please .
do it life here post your pictures of trades may be you have some thing wrong like using smaller time fram i said just 4 houres for the first system i posted .
and try the last three systems and there scale way trading you will like it i went shori in euro from yesterday and and i am 200 pips profit now.
my regards.
  • #243
  • Edited 8:55am Oct 30, 2008 8:52am | Edited 8:55am
Please don’t think that I want to defend the system but this is what my chart told me, I didn’t trade it live only on paper.
If you took this E/U 4H trade touching the red line and TP at the actual price that is sitting on the daily pivot (the 1.3000 area, psych level as well) with a 100 pips SL you would have made 300 pips. It's getting even lower now but lets say we took profit at that time.
That is R/R ratio of 1:3 that isn’t bad.
You could say that is a counter trade because the direction of the COG is long, yes, but it was oversold and sitting on 1.3300, a hard resistance point and a retrace was on the table.
Rules are for to break them when its more than less save.
Attached Image (click to enlarge)
Click to Enlarge Name: EU4H.jpg Size: 92 KB
  • #244
  • Oct 30, 2008 11:24am Oct 30, 2008 11:24am
I'm short USD/CHF at 1.1436. Price touched the red line and candle average above +0.81.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 14 KB
  • #245
  • Oct 30, 2008 11:36am Oct 30, 2008 11:36am
oan4fx: IS this a long entry?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd240.jpg Size: 375 KB
  • #246
  • Oct 30, 2008 1:11pm Oct 30, 2008 1:11pm
you would have made 80 pips now if you took it.
StopLoss is for none belivers... Trust the Gurus..
  • #247
  • Oct 30, 2008 1:13pm Oct 30, 2008 1:13pm
Quoting neurus
oan4fx: IS this a long entry?
late i think
  • #248
  • Oct 30, 2008 3:39pm Oct 30, 2008 3:39pm
Oan, I've been using your uis 1 template system on the half hour chart on several pairs, and am very impressed. Almost every one has been a winner. Haven't had one yet that went more than about 30 pips against me. Went short on the USD/CAD, got in a lot later than I could have, and still made 50 pips. If I didn't stop out there, would be over 100 pips ahead now. So far, excellent results. Love the fact that you've even included alerts for potential entries. Many compliments to you, and thanks for introducing it. If this keeps up, will go live next week.
  • #249
  • Oct 30, 2008 4:15pm Oct 30, 2008 4:15pm
Quoting paradoxical
Oan, I've been using your uis 1 template system on the half hour chart on several pairs, and am very impressed. Almost every one has been a winner. Haven't had one yet that went more than about 30 pips against me. Went short on the USD/CAD, got in a lot later than I could have, and still made 50 pips. If I didn't stop out there, would be over 100 pips ahead now. So far, excellent results. Love the fact that you've even included alerts for potential entries. Many compliments to you, and thanks for introducing it. If this keeps up, will go live next week.

This Uis1 work on 30 min charts?
How to use it?
sorry my english is bad
  • #250
  • Oct 30, 2008 4:32pm Oct 30, 2008 4:32pm
Quoting from OanFX, the UIS 1 template is for a sideways market, and you use it on half hour, hourly, or 4 hour charts. You load all of the idnicators in his zip file to the 'experts/indicators" file on your MT4 platform. You load the template to the template folder. then, you simply pull up any chart, and load the template onto it. All of the indicators will automatically be loaded onto that template and chart. You can put it on as many charts as you want, but i won't trade any pair with over a 10 PIP spread. I'm testing this out on a half hour chhart on 10 different pairs.
You can read the rules shown on Oan's post as to entering only when you have 6 degrees. (I'm a little unsure as to rule 7). BUT, the indicators include an alert that will pop up and give you possible trades. So far, I haven't seen that the alerts even repaint, like many do. I hope this helps you. I'm certainly no expert, but so far, so good with this system. You will have to work on your take profit and stops. Maybe Oan can give us his recommendations some time later on that.
Quoting altezza.cl
This Uis1 work on 30 min charts?
How to use it?
sorry my english is bad
  • #251
  • Oct 30, 2008 4:39pm Oct 30, 2008 4:39pm
Has anybody tried this on the 5 Min Chart? I have tested this about 3 days now using my own 5 min system and it appears pretty good.
  • #252
  • Oct 30, 2008 4:52pm Oct 30, 2008 4:52pm
I have developed 3 rules to entry with this system, the trigger and SL and TP
1º Look at the 4hr bar. When touch the doted green (red) you are waiting to put a short (long) trade.
2º Look at the confirmation of Oan4fx candle average 0.81 level.
3º Look for SMI indicator in 1hr timeframe. If one of the lines are above (below) the 0.25 (-0.25) level you are in a overbought (oversold) zone.
For the right moment to put the order you have to wait until the price pierce the trend or the tom demark trend line (I use this) in 5 min. timeframe
SL: the Swing point + 15 pips
TP: When price touches the blue central COG line in 1hr close the 50% of position. And move the SL of the another 50% close to BE. Close it when you have an entry signal in the contrarian way.
EXAMPLE: EURUSD today
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd240.jpg Size: 375 KB
Click to Enlarge Name: eurusd 5 min.jpg Size: 340 KB
Attached File(s)
File Type: mq4 SMI.mq4   4 KB | 832 downloads
  • #253
  • Oct 30, 2008 5:17pm Oct 30, 2008 5:17pm
Am up over 250 pips on 6 trades on the half hour chart. The only trade that is down is the USD/CHF which has been hanging around at pretty much the same price all day. Just using the uis 1 template & now just using the alerts. This is Oans system and thread. Personally, I'd not want to see more indicators, at least right now. No offense, but the introduction of new indicators always seems to muck up a thread because more and more people start posting new indicators and optimizations. So far, the system seems to work very well as is.
  • #254
  • Oct 30, 2008 6:53pm Oct 30, 2008 6:53pm
Quoting paradoxical
Am up over 250 pips on 6 trades on the half hour chart. The only trade that is down is the USD/CHF which has been hanging around at pretty much the same price all day. Just using the uis 1 template & now just using the alerts. This is Oans system and thread. Personally, I'd not want to see more indicators, at least right now. No offense, but the introduction of new indicators always seems to muck up a thread because more and more people start posting new indicators and optimizations. So far, the system seems to work very well as is.
I Dont think the same.
For example: when you close the trade. What is your stop loss. How optimize the entry points? Youre expose to a terrible drawdown, perhaps 100 pips or more...This is not a joke for me, we are talking about money
  • #255
  • Oct 30, 2008 7:05pm Oct 30, 2008 7:05pm
Quoting paradoxical
Quoting from OanFX, the UIS 1 template is for a sideways market, and you use it on half hour, hourly, or 4 hour charts. You load all of the idnicators in his zip file to the 'experts/indicators\" file on your MT4 platform. You load the template to the template folder. then, you simply pull up any chart, and load the template onto it. All of the indicators will automatically be loaded onto that template and chart. You can put it on as many charts as you want, but i won't trade any pair with over a 10 PIP spread. I'm testing this out on a half hour chhart on 10 different pairs.
You can read the rules shown on Oan's post as to entering only when you have 6 degrees. (I'm a little unsure as to rule...

Thanks a lot.

But when buy or sell, when the price touch de continuos green or red line and have 3 levels Candle A. ? i´m talking about 30 min chart with UIS 1 template. Have a alert ?
  • #256
  • Oct 30, 2008 7:45pm Oct 30, 2008 7:45pm
Quoting neurus
I Dont think the same.
For example: when you close the trade. What is your stop loss. How optimize the entry points? Youre expose to a terrible drawdown, perhaps 100 pips or more...This is not a joke for me, we are talking about money
my friend no offense but you have the indicatores an systems and it is all yours you can maniplulate it as you like add and remove to find the system that suits you but he have a point here we dont want people to be confused with many systems so you can open your own thread i you insist to share you systems with us and we will be happy to visit you there.
and try the last systems they are more modified and better i will attach them now ad yes i have developed two more better systems po1 & po2 in the attachment .
my reagrds.
oan
Attached File(s)
File Type: zip arabictrader.zip   47 KB | 2,716 downloads
  • #257
  • Oct 30, 2008 8:11pm Oct 30, 2008 8:11pm
Quoting oan4fx
my friend no offense but you have the indicatores an systems and it is all yours you can maniplulate it as you like add and remove to find the system that suits you but he have a point here we dont want people to be confused with many systems so you can open your own thread i you insist to share you systems with us and we will be happy to visit you there.
and try the last systems they are more modified and better i will attach them now ad yes i have developed two more better systems po1 & po2 in the attachment .
my reagrds.
oan
Thank you!
What time frames for this systems?
  • #258
  • Oct 30, 2008 8:32pm Oct 30, 2008 8:32pm
HOW did it works? what timeframe? thanks
Quoting oan4fx
my friend no offense but you have the indicatores an systems and it is all yours you can maniplulate it as you like add and remove to find the system that suits you but he have a point here we dont want people to be confused with many systems so you can open your own thread i you insist to share you systems with us and we will be happy to visit you there.
and try the last systems they are more modified and better i will attach them now ad yes i have developed two more better systems po1 & po2 in the attachment .
my reagrds.
oan
  • #259
  • Oct 30, 2008 8:34pm Oct 30, 2008 8:34pm
The latest templates posted by Oan are different than the original one. I suggest you load them and practice with them. The uis 1 chart has alerts. I have not been using the other one.
Quoting altezza.cl
Thanks a lot.

But when buy or sell, when the price touch de continuos green or red line and have 3 levels Candle A. ? i´m talking about 30 min chart with UIS 1 template. Have a alert ?
  • #260
  • Oct 30, 2008 9:02pm Oct 30, 2008 9:02pm
Quoting oan4fx
my friend no offense but you have the indicatores an systems and it is all yours you can maniplulate it as you like add and remove to find the system that suits you but he have a point here we dont want people to be confused with many systems so you can open your own thread i you insist to share you systems with us and we will be happy to visit you there.
and try the last systems they are more modified and better i will attach them now ad yes i have developed two more better systems po1 & po2 in the attachment .
my reagrds.
oan
What timeframes do you trade po1 and po2 on?
What are the rules?

Thank you for these systems!!
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