Many thanks to oan4fx ~for introducing the system & Yast77 ~for developing the EA. Both of you are greatER. oan4fx & Yast77 BOLEH (can).
My own developed benkyalate system
Hi friends
here is an example of the system results from last month, EURUSD pair. The template I've used is Oan from oanfx post 3 Nov, tf is 4h, and the rules applied are the basic ones: red/green broken, candle average min/max. So a red vertical line represents a sell and green a buy signal ("real time" on the Vhands simulator) on the chart.
The chart covers some three weeks so the amount of signals (4) is not very big, app one a week. Those are the only signals that the system gave during that period. The signals could all have been winners, though small. But the system also has a number of drawbacks, like it 
here is an example of the system results from last month, EURUSD pair. The template I've used is Oan from oanfx post 3 Nov, tf is 4h, and the rules applied are the basic ones: red/green broken, candle average min/max. So a red vertical line represents a sell and green a buy signal ("real time" on the Vhands simulator) on the chart.
The chart covers some three weeks so the amount of signals (4) is not very big, app one a week. Those are the only signals that the system gave during that period. The signals could all have been winners, though small. But the system also has a number of drawbacks, like it
- has no decent rules for sl or target setting
- misses the big moves regularly (tested this with many pairs)
- has a tendency to propose countertrend trades
- that uses averiging is always a high risk system!
oanfx mentioned in some of his posts that he is an ellotican. If you really are and you know the business, then what the heck you are hassling with this kind of "system" for?
R
Hi friends
here is an example of the system results from last month, EURUSD pair. The template I've used is Oan from oanfx post 3 Nov, tf is 4h, and the rules applied are the basic ones: red/green broken, candle average min/max. So a red vertical line represents a sell and green a buy signal ("real time" on the Vhands simulator) on the chart.
The chart covers some three weeks so the amount of signals (4) is not very big, app one a week. Those are the only signals that the system gave during that period. The signals could all have been winners, though small. But the system also has a number of drawbacks, like it[list][*]has no decent rules for sl or target setting[*]misses the big moves...
MY REAGRDS.
OAN.
Yep, all four signals could have been winners - but in real life maybe 2 small winners, 2 losers.
Did you read all of my post? And this is your answer? SHOULD I START SHOUTING TOO?
I'd like to see here more fact-based agrumentation instead of hype.
Did you read all of my post? And this is your answer? SHOULD I START SHOUTING TOO?
I'd like to see here more fact-based agrumentation instead of hype.
DONT CHANGE YOUR POST THE SYSTEM IS GREAT AND IT IS A WINNER .
MY REAGRDS.
OAN.
- #567
- Nov 8, 2008 6:00am Nov 8, 2008 6:00am
- Joined Aug 2007 | Status: Doing It In Dubai | 2,457 Posts
Yep, all four signals could have been winners - but in real life maybe 2 small winners, 2 losers.
Did you read all of my post? And this is your answer? SHOULD I START SHOUTING TOO?
I'd like to see here more fact-based agrumentation instead of hype.
ok i dont have time to prove my system because i am very very busy so try it and try to fit your system with it if you like it take it if you dont let it it is as that simple i have nothing to prove i just wanted to help and may be i was wrong so please forgive me .
my regards.
oan.
- #571
- Edited 7:05am Nov 8, 2008 6:50am | Edited 7:05am
I wonder if all the people that are trying to discredit this system are perhaps traders trying to stop the spread of it becuase of the success they're having with it. Hmmmmmm
Or maybe I'm too much of a conspiracy theorist. Oh well.
i think some of them are brokers market makers and bank liquidty providers that dont want us to win but we will .
my regards.
oan.
- #573
- Nov 8, 2008 8:57am Nov 8, 2008 8:57am
- | Joined Nov 2007 | Status: Trader | 1,186 Posts
Another poster, IMTHEBERDEN, posted that he had more than 20 straight wins using this system. Personally, I'm quite surprised as to how close the system calls the turning points. To the doubters, keep using your fibs, moving averages, crosses, pivots, etc. This is a tool to use, and I've found it to be a lot better than most. Everyone looks for faults in systems. This one isn't perfect, but show me the one you use that does better.
I wonder if all the people that are trying to discredit this system are perhaps traders trying to stop the spread of it becuase of the success they're having with it. Hmmmmmm
Or maybe I'm too much of a conspiracy theorist. Oh well.
This system may not be the holy grail and there is none anyway, but it works. See my attached snapshots of the trade I did on Friday. My account went up from $7000 to $42,000. I traded EUR/CAD and GBP/CAD, entered at the red lines and scaled my trade in at every other 50pips. What better proof do you need.
Oan said it works best in H4 TF and to enter at the solid red or green lines. This may result in very few trades but one is sure to strike gold if one follows the rules rigidly. That was what I did. My lat trade was on Tuesday 4/11/08 when I turned $3000 to $10000. i tried some other 'fast' trades not waiting for price to touch the solid lines and I lost $3000. So I resolved to wait until...
Congratulation
You got it right....
Welcome to the pleasuredome
Greetings
Bernhard