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My own developed benkyalate system

  • #421
  • Nov 4, 2008 7:05am Nov 4, 2008 7:05am
Quoting oan4fx
you are welcome
just to have perfect results do the following
1-enter from red and green lines only dont use doted lines.
2-enter when the candle average indicator(timing indicator is above .81 or less than -.81 .
3-enter with my infiniti building position stratgy use the minimal position you can then add every 50 - 100 pip according to your fundemantal view .
take profits as ast a you can and dont be greedy.
my regards
Permit me to say I've found your system very superb.Just a little clarification. Is it correct that I sell when Candle average indicator is above .81 and buy when it is less than -.81? Or have I mixed things up? Once again thanks for sharing.
  • #422
  • Nov 4, 2008 8:12am Nov 4, 2008 8:12am
guys,
I'm making a lot of money with this system with my interpretations and my timing.
Yes, COG repaints (maybe one bar later when it does) but I think that it's powerful if you know it and learn how to trade it. I need to study it to trade well. If some successfull traders ( like Mostafa Belkhayate) use it I think that it can be used in some manner, don't you think?
  • #423
  • Nov 4, 2008 8:36am Nov 4, 2008 8:36am
The intention ofcourse is trading from the solid green/red line or dashed green/red line and taking profit at the middle blue line.

Here is an example of a long trade EURUSD from the dotted blue line.
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  • #424
  • Nov 4, 2008 9:07am Nov 4, 2008 9:07am
can we understand from this, if we can take this indicators every 4 hours?

thank u
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  • #425
  • Nov 4, 2008 9:46am Nov 4, 2008 9:46am
I'm still not sure how oan would say that his system never lose. If you take short trade Eur/Chf as the attached chart, the signal of the solid channel line + the candle is above .81.
The price is against the trade by around -250 pips.
How can we know the price is coming back down and when to add up when the price is outside the channel boundaries or where to put your SL ?
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  • #426
  • Nov 4, 2008 10:18am Nov 4, 2008 10:18am
Quoting trendspider
I'm still not sure how oan would say that his system never lose. If you take short trade Eur/Chf as the attached chart, the signal of the solid channel line + the candle is above .81.
The price is against the trade by around -250 pips.
How can we know the price is coming back down and when to add up when the price is outside the channel boundaries or where to put your SL ?
You are not using Oan template, you are using ui5 template right ? uis5 template should be using in daily time frame only.

Regards,
Yast77.
Beginner of MQL programming
  • #427
  • Edited 10:46am Nov 4, 2008 10:44am | Edited 10:46am
Quoting neurus
POst the results. POst any chart to view your results. I can say that I am Bill Gates and you have to believe me only because i say it?
Post your charts with your system!!!
Put a poll to vote the system. Many people Think like me but cant vote it
I really don't know why you are up in arms against this good man who developed a system and decxided to share it freely with others. But since you want proof that the system works, here is one. I opened a demo account this morning with $3000 and here is my balance about 6 hours later - $9997! If this 300%+ growth can not convinve you, then nothing else will. You ight as well get off the thread.
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  • #428
  • Nov 4, 2008 11:21am Nov 4, 2008 11:21am
Hi OAN4FX, I copy your indicator to my MT4 and I have not seem arrow that tell to sell or reverse is that a different indicator. Thanks, in advance
  • #429
  • Nov 4, 2008 11:33am Nov 4, 2008 11:33am
THIS IS WHAT I GOT

eurusd30.rar - 0.15MB
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  • #430
  • Nov 4, 2008 11:56am Nov 4, 2008 11:56am
Followed this thread from the start it does get a wee bit confusing with up dated templates etc but as far as Im concerned Oan is a very genuine guy who obviously gets great pleasure from helping others.

Ive always liked buying on down candles and selling on up candles this suites me going to try and follow it but time is at a premium for me..any one who offers them selves up into the public domain needs a slap on the back we all have to help each other we seem to do it in Forex factory

Cheers

paulus
  • #431
  • Nov 4, 2008 12:12pm Nov 4, 2008 12:12pm
Thanks oan4fx for this very good system!

Only use 4h timeframe!!

I test this system since the beginning... good job
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  • #432
  • Nov 4, 2008 2:01pm Nov 4, 2008 2:01pm
Are you all using the green and yellow arrows as signals? I was watching it last night and the arrows will actually move from one candle to the next, so it's obviously not a good way to go. So I'm assuming then entering on the dashed line is the most safe way to trade this? If the candle closes on the opposite side of the dashed line, then it's best to wait again and see if it closes at the solid line?

Thx,
Todd
  • #433
  • Nov 4, 2008 2:18pm Nov 4, 2008 2:18pm
Quoting xos2000
Thanks oan4fx for this very good system!

Only use 4h timeframe!!

I test this system since the beginning... good job
What did you do to get such good trades? Did you just follow the signals in the alerts? Can you enplane.
If you can bend in the wind you can ride the storm.
  • #434
  • Nov 4, 2008 3:40pm Nov 4, 2008 3:40pm
What you all have to understand is that you have to put your own spin on this system and adjust it to your trading style and needs. I personally do a lot of trading using Murray Math lines, so I incorporated that into this system to help eliminate false signals and to emphasize the stronger, lower risk trades.

A good example below was about a week and a half ago on GBP/USD. I probably could have even taken the next trade that bounced off the 4/8 murrey but I'm personally only looking for the setups that break the 0/8, 8/8, -1/8, +1/8, -2/8, +2/8 levels. this way my risk is reduced and the trade becomes a higher probability trade.
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  • #435
  • Nov 4, 2008 4:12pm Nov 4, 2008 4:12pm
Quoting atobev
Hi OAN4FX, I copy your indicator to my MT4 and I have not seem arrow that tell to sell or reverse is that a different indicator. Thanks, in advance
oh my gooooooooooooood peolpe the alerts jusssssssssst to alert you there is a near trade coming couse it is 4 hour system thats all so please when you hear the voice ust chick the scale ystem a i told you
3 for red and green line
2 for dotted line
2 for three candle average level above .81 or les than -.81
0 for candle with one level only
2 for rsi divergance or changing course
1 for cci
1 for macd divergance or signal
you can add on balance volume and 2 for divergance in it .
6 point is enougth to enter a trade with good managment.
and please this is your system so defind it and i like the good results posted i really thank you all .forex is a 3 trllion market and it have enougth for us all .
my regard.
oan.
  • #436
  • Nov 4, 2008 4:15pm Nov 4, 2008 4:15pm
I've been using the uis 1 template on the half hour chart and taking just about all of the signals when they pop up. There's been soem pretty big drawdowns, but overnight the past two nights, the trades have reversed and have been well in profit. Yes, there's repainting, but the system is good at picking turning points. I've done i lot at the first signal of minor buy/sell, and then an additional lot on the strong buy/sell. If the trade goes even more against me, I add to the position. So far, has worked well. easy to do in demo. But, real trading would be difficult. Going to switch to the hour chart to see what the difference is there.
  • #437
  • Nov 4, 2008 4:18pm Nov 4, 2008 4:18pm
Quoting paradoxical
I've been using the uis 1 template on the half hour chart and taking just about all of the signals when they pop up. There's been soem pretty big drawdowns, but overnight the past two nights, the trades have reversed and have been well in profit. Yes, there's repainting, but the system is good at picking turning points. I've done i lot at the first signal of minor buy/sell, and then an additional lot on the strong buy/sell. If the trade goes even more against me, I add to the position. So far, has worked well. easy to do in demo. But, real trading would be difficult. Going to switch to the hour chart to see what the difference is there.
you have to use the scale it is easy and please use it it filters your trade the alert just to tell you there is a possible trade coming by.
my regards.
oan.
  • #438
  • Nov 4, 2008 4:25pm Nov 4, 2008 4:25pm
Hi Oan,

What do you mean by the scale? Is that where you want to have at least 6 degrees?
Quoting oan4fx
you have to use the scale it is easy and please use it it filters your trade the alert just to tell you there is a possible trade coming by.
my regards.
oan.
  • #439
  • Nov 4, 2008 4:35pm Nov 4, 2008 4:35pm
Quoting paradoxical
Hi Oan,

What do you mean by the scale? Is that where you want to have at least 6 degrees?
you have to use the last template in page 18 and another page and read about the scale sytem to enter a trade.
three question is enougth for today see you tommorow all trade well and enoy life it is short.
my regards.
oan.
  • #440
  • Nov 4, 2008 4:57pm Nov 4, 2008 4:57pm
Is this a possible long signal on Usd/Cad ?
I entered demo @ 1500
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