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My own developed benkyalate system

  • #621
  • Nov 9, 2008 6:38am Nov 9, 2008 6:38am
Quoting Rocroy
This is a snapshot from your "old" system (last week). It says that now it is time to BUY - euro is soon going to retrace.

So you have changed the settings "a little", perhaps added a few fancy indicators. Are you sure that this "system" performs better than the earlier one? Have you extensively tested this "system" under different market conditions? Have you done analysis on the results?

No of course not. This is just playing with some indicators, changing the "system" in an ad-hoc manner, fooling noobs to use your "system".

And how could you test or analyse the "system" as there is no system, just a template.

For anyone who is going to try this "system": [list][*][b]define...
my friend this is an interactive forum and thread and i am keep developing settings o my systems depending on people experiance o the most reliable sytem no is po2 template and i did some development in it and e are trying to reach the best and make some demo money here befor we can do any thing else and pleae dont use weeklly or monthly time frame just 4 houres time frame thats all only 4 houres time frim unless the system is for dailly hour fram .
and i test my new systems in virual enviroment and with special manner i dont like to say it.
my regards.
oan.
  • #622
  • Nov 9, 2008 9:59am Nov 9, 2008 9:59am
OAN I read and reread but I have a problem of translation, can explain awareness in other words means:
1-if price at red or green line you give it 3 degrees

in that sense 3 degrees?
3 candles? 3 pips? or an angle of 3 degrees?

  • #623
  • Nov 9, 2008 10:12am Nov 9, 2008 10:12am
Quoting Annarita01
OAN I read and reread but I have a problem of translation, can explain awareness in other words means:
1-if price at red or green line you give it 3 degrees

in that sense 3 degrees?

3 candles? 3 pips? or an angle of 3 degrees?

it is a scale system my dear ok
so the candle average you give it 3 points if the level as above .81 or below -.81 and you give it 2 points if the candle average is above .405 or below -.405
also rsi with sme direction of estimated trade or a divergance in it that force the direction o the estimated trade you give 2 points
on balance volume changing in the same direction means there is a change coming so give it one point only
cci in the same direction of trade give it one point
macd give signal to the same sie o your trade or adivergance that is with your trade so give it one point
stoch(8.3.3) settings give a forcing signal so give it one point
red sold and green sold lines give it 3 points .
doted red or green lines please be carfull doted red or green
give it only two points .

you need to gather 6 points to enter a trade and thats is very important .
my regards.
oan.
  • #624
  • Nov 9, 2008 10:20am Nov 9, 2008 10:20am
Quoting Paulus
I have severe time constraints atm I have several systems and an eod thread that is making good pips ..the reason I love this set up is because if I have a 15min window to trade and being on the 1min the chances are I can do a trade and make some money

5min 15min 4hr etc etc are all good but I havnt the time to wait for those signals.

you got 30mins before you go out tonight ? fire up the 1min you will get a couple signals worth taking ..

We each have to adapt we all trade differently this system can be applied right across all times scales which is very rare in a system

Thanks again Oan your a very generous person my friend

paulus
Paulus,

I gave this a try on Friday afternoon using the 1 min time frame, it worked really well for me. Please keep posting, I learn so much from you.

Thanks Oan for posting your system here in Forex Factory, its really interesting.
  • #625
  • Nov 9, 2008 10:32am Nov 9, 2008 10:32am
Quoting Noel
Paulus,

I gave this a try on Friday afternoon using the 1 min time frame, it worked really well for me. Please keep posting, I learn so much from you.

Thanks Oan for posting your system here in Forex Factory, its really interesting.
I dont advice to use smaller time frames than 4 hour but if you insist to use it, use it from 7 pm est (ESTREN AMERICAN TIME ) TO 7 AM est (east american time )
i think in this time period you can scalp freelly althougth i dont advice to use any time frame except 4 houres TF.
good luck and you are welcome .
my regards.
oan.
  • #626
  • Nov 9, 2008 10:46am Nov 9, 2008 10:46am
Quoting Rocroy
Listen mate I'm on your side. Don't go with hype, check it yourself first.

Market makers don't care a pig shit about this "system" and its users. It is totally insignificant to them.
if you think this system is not good and we are hype all o us with this good results we are doing dont bother your sel keep writing bad words here respect your self and consider your own bussiness ok .
my reagrds.
oan.
  • #627
  • Nov 9, 2008 11:38am Nov 9, 2008 11:38am
What i'm finding confusing is that there is now too many templates with different TF's and different pairs to trade.

Does anyone suggest one template that can be traded with any currency, I prefer e/j, and smaller TF's. One hour or less. I think I read somewhere on here that someone was having quite good success trading the PO1?
  • #628
  • Nov 9, 2008 11:54am Nov 9, 2008 11:54am
Quoting behof
Hi Adros !

First of all thanks for your input here
I hope this thread will be a constructive one and never would be cluttered
to death with dumb posts.

This was the death for some very good threads here at FF

Oan4fx keep going !!

By the way Adros do you know if there exists an alert for the semafor indicator ?

Greetings and many pips to all !!

Bernhard
I'm sorry if those indicators appear to be cluttering the thread. They were actually a response to a request by Markillo who saw them on the snapshots I posted. Primarily, I use Oan's system but use those other indicators as filters. No, there is no alert yet for the Semafor indicator. I really do not think there is a need for it. It is only meant to complement the Oan system.
  • #629
  • Edited 1:42pm Nov 9, 2008 12:36pm | Edited 1:42pm
Quoting todd960960
What i'm finding confusing is that there is now too many templates with different TF's and different pairs to trade.

Does anyone suggest one template that can be traded with any currency, I prefer e/j, and smaller TF's. One hour or less. I think I read somewhere on here that someone was having quite good success trading the PO1?

please all remmber this words i dont wanted to be said that i made you loss your money so all remmber this words demo first deeeeemmmmmmmmmmmo and you are all mature not child you are proffisionals demo the systems and find what suits you forex market is here for ever so dont rush your self because you can not have your capital back easilly so my advice is clear you have many systems here and some recomend oan and po2 only so start with them at first and demo them .
i just advice to use 4 hours fram time onllllllllyyyyyyyyyyyy with the scale system

sorry but i hate to think that you may loss money in this easy market.
my regards.
oan.
  • #630
  • Nov 9, 2008 12:57pm Nov 9, 2008 12:57pm
Hello Everybody,
Oan, Congratulations for the thread, the system seems really interesting.
I'll give a try this week, in demo of course!

Adros, I think your post complement this thread. What are your rules? (tell us here or in another thread if you prefer)

Cheers.
Neko
  • #631
  • Nov 9, 2008 1:27pm Nov 9, 2008 1:27pm
Quoting adros84
I'm sorry if those indicators appear to be cluttering the thread. They were actually a response to a request by Markillo who saw them on the snapshots I posted. Primarily, I use Oan's system but use those other indicators as filters. No, there is no alert yet for the Semafor indicator. I really do not think there is a need for it. It is only meant to complement the Oan system.
Hi Adros !

It was not my intention to bother you regarding your posted charts
You are a really inspiration here
It was only a general hint to all visitors here.....
I (and probably other folks here) think, that this is a valuable thread
for all of us and that our intention must be to create a basic trading
frame (call it system) which could be tailored by each one like a suit
So carry on and post your results with chart....

I'll do the same if I have enough time...

Greetings and happy pippin

Bernhard
  • #632
  • Nov 9, 2008 1:35pm Nov 9, 2008 1:35pm
Hi Oan4fx !

As you may have experienced some folks here have problems to
grasp the basics of your trading approach.
You and some of us are able to understand your intention..

So it would be fine if you could prepare a simple PDF-Document with
the basic trading principles (Template, Indicators, Time frames..) and
add it to your first post.

It's possible to trade on lower time frames than 4h (even at 1min charts..)
but it's only for the more experienced of us !!!

So before we discuss lower time frames we should really concentrate firstly on the 4h time frame and find a valuable trading concept.

Just my 2 cents

Greetings

Bernhard
  • #633
  • Nov 9, 2008 1:37pm Nov 9, 2008 1:37pm
Quoting Neko119
Hello Everybody,
Oan, Congratulations for the thread, the system seems really interesting.
I'll give a try this week, in demo of course!

Adros, I think your post complement this thread. What are your rules? (tell us here or in another thread if you prefer)

Cheers.
Neko
Hello, there are no special rules.
1. Wait for price to touch or go beyond the solid red/green lines.
2. Wait for stochastics to cross above 80(for SELL) or below 20 (for BUY)
3. If 3 or 2 on the Semafor shows up, it's great
4. To avoid any big drawdown, I wait for Slope Direction Line to change colour from blue to red (for sell) or red to blue (buy)
Note: Steps 3 and 4 are optional and I have only tried this on H4 TF!!!
Hope you find this info useful
  • #634
  • Edited 2:00pm Nov 9, 2008 1:44pm | Edited 2:00pm
Quoting behof
Hi Adros !

It was not my intention to bother you regarding your posted charts
You are a really inspiration here
It was only a general hint to all visitors here.....
I (and probably other folks here) think, that this is a valuable thread
for all of us and that our intention must be to create a basic trading
frame (call it system) which could be tailored by each one like a suit
So carry on and post your results with chart....

I'll do the same if I have enough time...

Greetings and happy pippin

Bernhard
i am sure you did not meant ados and he is really one of the important concepts here and he is a good man like us likes to help people so i encourage him and all to help and post the indicators that they think will reforce the system and thanks all for you efforts and yes we can

my regards.
oan.
  • #635
  • Edited 2:37pm Nov 9, 2008 1:48pm | Edited 2:37pm
Quoting behof
Hi Oan4fx !

As you may have experienced some folks here have problems to
grasp the basics of your trading approach.
You and some of us are able to understand your intention..

So it would be fine if you could prepare a simple PDF-Document with
the basic trading principles (Template, Indicators, Time frames..) and
add it to your first post.

It's possible to trade on lower time frames than 4h (even at 1min charts..)
but it's only for the more experienced of us !!!

So before we discuss lower time frames we should really concentrate firstly on the 4h time frame and find a valuable trading concept.

Just my 2 cents

Greetings

Bernhard
i am just waiting to reach a soild base here which template to use and like this about the scale system and candle average i already posted many about them but i will prepaire a file as your wish and add it to my first post .
you are a good man and a profissional trader behof and you inspire me a lot please keep posting here and it is your system and others system and thanks a lot again .
my regards.
oan.
  • #636
  • Nov 9, 2008 2:01pm Nov 9, 2008 2:01pm
Quote
Hello, there are no special rules.
1. Wait for price to touch or go beyond the solid red/green lines.
2. Wait for stochastics to cross above 80(for SELL) or below 20 (for BUY)
3. If 3 or 2 on the Semafor shows up, it's great
4. To avoid any big drawdown, I wait for Slope Direction Line to change colour from blue to red (for sell) or red to blue (buy)
Note: Steps 3 and 4 are optional and I have only tried this on H4 TF!!!
Hope you find this info useful

Thank you, so just the basic (and probably wiser) use of the system. I really don't know the 3_level_Semifor and the Slope direction line. Do those indicator repaint?

What a dynamic and reactive thread ! I love it ! Thank you everybody !

Ciao

Neko
  • #637
  • Nov 9, 2008 2:07pm Nov 9, 2008 2:07pm
Hi Folks !

Please find attached an actual snapshot of USD/CAD 4h chart.
I think you can see the nice price rebound at green and red solid lines
Watch also the behaviour of the slope indicator curve.

1. At the first vertical line slope coulor changed to red.
2. Price was above solid red line
2. Candle indicator was at +0.81
3. TRSI was overbought
4. Stoch headed down

=> Short with 1 standard lot (example)

5. At the second vertical line slope changed again to red
6. Price was above solid red line
6. Candle indicator was before at +0.81
7. TRSI had formed a divergence against price (price up, TRSI down)
(see magenta trendlines)

=> Short with 2 standard lots (example for scaling up)

8. Now you're short 3 standard lots in a secure area
9. Wait for slope colour change from red to blue
10. Exit => about +700 pips x 3 standard lots => 21000 US$

Hope you understand it....

Greetings

Bernhard
Attached Image (click to enlarge)
Click to Enlarge Name: usd_cad.gif Size: 42 KB
  • #638
  • Nov 9, 2008 3:39pm Nov 9, 2008 3:39pm
Behof,

I really like your template. Clean and simple w/ great indicators. Thanks for the post.
  • #639
  • Nov 9, 2008 3:41pm Nov 9, 2008 3:41pm
Quoting oan4fx
it
doted red or green lines please be carfull doted red or green
give it only two points .

you need to gather 6 points to enter a trade and thats is very important .
my regards.
oan.

beginning to see the light, but I have another question he he I am a woman and are fussy:
- Other indicators we see in this TRED with an X or with the arrow are automatically accounts of the six points above?

Watch the example, sorry if you do requests so trivial, but I have another way to make trading must tune in with you think that these explanations serve to other


Attached Image (click to enlarge)
Click to Enlarge Name: Snap2.jpg Size: 94 KB
  • #640
  • Nov 9, 2008 3:57pm Nov 9, 2008 3:57pm
Quoting Annarita01

beginning to see the light, but I have another question he he I am a woman and are fussy:




- Other indicators we see in this TRED with an X or with the arrow are automatically accounts of the six points above?



Watch the example, sorry if you do requests so trivial, but I have another way to make trading must tune in with you think that these explanations serve to other


hi dear i did not understand you well so repeat your question and this is a link to download the best snapshot programe please download it and the serial number http://www.4shared.com/file/49545278...ified=ba7236a0

serial number is
D5DSC-WZCBM-JRHSC-QVTEV-TR7R8
my regards.
oan.
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