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My own developed benkyalate system

  • #741
  • Nov 11, 2008 11:24am Nov 11, 2008 11:24am
wich is the best template to trade gbpjpy and also to do scalping in 1minute??
  • #742
  • Nov 11, 2008 11:33am Nov 11, 2008 11:33am
Quoting Markillo
wich is the best template to trade gbpjpy and also to do scalping in 1minute??
Markillo,

I think it's difficult to say and almost impossible to give a good answer. Remember, Oan created the system for long therm trading.

Start with the templates from Paulus and try it out. With Paulus' variants I've got pretty nice results in EURUSD.

Mbrgds
  • #743
  • Nov 11, 2008 11:35am Nov 11, 2008 11:35am
Quoting MCFly
Hi,

i installed behofs and paulus templates to compare the different system (based on oan and godfather). I noticed that both templates differ significantly in their signal giving attitudes. For example when one channel shows an ascending slope the same time the other one is decending. Another example is when one template gives a valid signal (crossing or touching red or green) the candle in the other template is far away from any red or green line. So I'm really confused which template is more suitable for trading the 1 min tf.

Hoping for answer.

Stefan...
Hi guys,
Ive been testing this system since the start... and based on my observation,
1)oan template is very sensitive
2)godfather template is less sensitive
3)i didnt use po2 because i feel godfather is better
4)i didnt use other templates because there has not been much successful feedback about those templates

5)i used godfather template on 1 mins scalping and have been very succesful. i felt that the oan template is too sensitive for the 1 min time frame and tend to confuse me.
6)i think the oan template is better for 4 hour time frame because it is more sensitive.

having said that, i am a total newbie with no live trading experience and only 6 months paper trading experience. i hope it will help. also i hope if there are wrong info please point it out. happy learning
  • #744
  • Nov 11, 2008 1:54pm Nov 11, 2008 1:54pm
Hi guys,

I followed the full thread and I put all the templates on all the currencies + gold + oil.

I find that PO2 (at least for me works well) in all time frames is pretty good.

I put PO2 on the monthly + weekly + daily + 4hourly + 1 hourly + my scalp template. I find that the price comes more often on this template to the extreme levels on all time frames and then bounces of the extreme lines. So you dont think may be it will go higher to the next leveland mind f--k yourself.

Works especially good when you have multiple time frame matches. ie 4 hour 1 hour and your 5 or 15 min charts all correspond then you get a good one. See AUDUSD below on multiple time frames as example daily-4hr-1hr charts. Hope that helps.
Attached Images
  • #745
  • Nov 11, 2008 2:49pm Nov 11, 2008 2:49pm
this is my own system that i use for trading and it is for my on use just liked to give you a snap shot of it it is called leo.
my regards.
oan.
Attached Image (click to enlarge)
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  • #746
  • Nov 11, 2008 3:09pm Nov 11, 2008 3:09pm
I combine this method with use of fibs retracements and stochs for better enry.

oan4fx you are the man

Im waiting to enter for a long at the closing of this 4hr candle. Love using this on a 4hr time frame, my target for EUR/GBP will be over 300pips !
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp.gif Size: 39 KB
  • #747
  • Nov 11, 2008 7:06pm Nov 11, 2008 7:06pm
Is there any way to make the signal arrows appear only when the price touches the red or green dotted and solid lines? This way it will give less repainting and make it a little easier in following a number of different pairs.

I don't know how to program this into metatrader, so some help is greatly appreciated. Thank you.
  • #748
  • Nov 11, 2008 7:36pm Nov 11, 2008 7:36pm
Quoting Paulus
ok just closed $420

so thats $550 +$500 +$420 = $1470 on 1 contract on a 1min chart which i think is pretty cool.

This indicator does re paint but in the grand sheme of things that means nothing..apply some rules to make it fit your style and you will do great.

Thanks again to Oan for putting it all together

Paulus

ps..bands are sloping up waiting for another signal and my stoch and the average candle..
What times do you trade?
I am in USA on East Coast and work a day job...I could get up at 3am and maybe trade a couple of hours.
Are you still only trading EUR/USD or have you added others?
When do you close a trade if it goes against you?

Thanks and much congratulations on your success!
  • #749
  • Nov 11, 2008 8:33pm Nov 11, 2008 8:33pm
behof,

I would like to know how you exit a trade based on this setup. I have been using your grandfather template on 1 min. I always get the right entry but i still have some problems finding the exit.

I know this depends very much on trading style and target profit of each individual. But for practice purpose, lets assume there is no such thing as a target profit and no such thing as a trading style. If you were a robot, how would you determine the exit?
  • #750
  • Nov 11, 2008 9:14pm Nov 11, 2008 9:14pm
Hi, I'm very new to this system, and I've just downloaded the whole template and finished reading the whole thread yesterday, I personally will go for the Godfather for 4H template, of course it's up to each individual's taste, well I don't mean to rush here, but my very last system was a scalping one, so I may get a little jumpy sometimes, I still haven't found an entry signal.

These are the pairs I watch :
EU,UJ,UCHF,GU,GC,GJ,XAUUSD,AU,UCAD,EJ

to me they haven't gave any signals, but maybe some time in this week they might, just to be curious, any of you seen any signals for these pairs? I haven't have the fortune to see any of the prices reaching the extremes of the CoG (The solid red or green line), except for gold, it reaches the Buy Zone for Po1 which was intended for gold.

Here I saw the price touches the bottom green line just a 3 bars ago, I was asleep when it touches then, the candle averages was below -0.81, the RSI and CCI is going up, but I'm not sure about the On Balance Volume and MACD. can someone give me a hint here?


Attached Image (click to enlarge)
Click to Enlarge Name: gold possible.gif Size: 32 KB

Thank you
  • #751
  • Nov 11, 2008 9:28pm Nov 11, 2008 9:28pm
Quoting marcelnyo
Hi, I'm very new to this system, and I've just downloaded the whole template and finished reading the whole thread yesterday, I personally will go for the Godfather for 4H template, of course it's up to each individual's taste, well I don't mean to rush here, but my very last system was a scalping one, so I may get a little jumpy sometimes, I still haven't found an entry signal.

These are the pairs I watch :
EU,UJ,UCHF,GU,GC,GJ,XAUUSD,AU,UCAD,EJ

to me they haven't gave any signals, but maybe some time in this week they might, just to be curious,...
ok good luck and please demo first .
on balance volume divergance is counted one point o price is up and on balance volume don this is a divergance
macd divergance or give a signal also one point .
my regards.
oan.
  • #752
  • Nov 11, 2008 9:36pm Nov 11, 2008 9:36pm
Hi oan,

Got any tips on how to exit a trade? there has been a lot of discussions about how to enter the trade but not enough on how to exit...

again like i said, exiting the trade is very personal. everyone have different profit targets. but if you were a robot, how would you exit? i need to understand better.

hope you can help.
  • #753
  • Nov 11, 2008 11:00pm Nov 11, 2008 11:00pm
Quoting thelws
Hi oan,

Got any tips on how to exit a trade? there has been a lot of discussions about how to enter the trade but not enough on how to exit...

again like i said, exiting the trade is very personal. everyone have different profit targets. but if you were a robot, how would you exit? i need to understand better.

hope you can help.

you exit at the blue line in the middle or at the other end .
my regards.
oan.
  • #754
  • Nov 11, 2008 11:08pm Nov 11, 2008 11:08pm
Quoting dimitrius
Is there any way to make the signal arrows appear only when the price touches the red or green dotted and solid lines? This way it will give less repainting and make it a little easier in following a number of different pairs.

I don't know how to program this into metatrader, so some help is greatly appreciated. Thank you.
  • #755
  • Nov 11, 2008 11:12pm Nov 11, 2008 11:12pm
Quoting dimitrius
i dont know either
but i know some ho can give it a try pleassssssse yast77 try to make it up.
my regards.
oan.
  • #756
  • Nov 11, 2008 11:30pm Nov 11, 2008 11:30pm
Quote
Neko119

On 1min I use the Oan template but renamed 'My Oan' as I have just changed the layout I use the great signals generated by Oan but have removed most in the bottom indicator I have kept the average candle its a great filter and have added a stochastic that changes colour when it get over sold or over bought

For a short I want colour bands going down however slight
A Minor or major sell arrow
Average candle above 0.81
Stochastic over bought ( green)
And ideally an up candle

what ever band I'm on when I short I close on the identical band that is represented under the Blue COG line

Thank you Paulus

Best regards

Neko
  • #757
  • Nov 12, 2008 7:14am Nov 12, 2008 7:14am
that sounds interesting could you post your template and indicatros so we can try it please?

thanks nice team!
  • #758
  • Nov 12, 2008 8:00am Nov 12, 2008 8:00am
Long Trade EURUSD Oan template TF 5M 12/11/2008

Chart 1 at the time of entry
Price at solid green line
Buy: 1.25204

Chart 2 at the time of exit
Price at blue line
Exit: 1,25379

Size: 1.0

Profit: + $139,58
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdOan5M12112008-01.jpg Size: 511 KB
Click to Enlarge Name: eurusdOan5M12112008-02.jpg Size: 511 KB
  • #759
  • Nov 12, 2008 8:18am Nov 12, 2008 8:18am
Adros,

Can you let us know how to use the semafor indicator with the number 1, 2 & 3 ?. Do you combine with other indicator to make it work ? What timeframe suitable ?.

One thing I noticed the numbers repaint. Just my observation though.

Thanks in advance.
  • #760
  • Nov 12, 2008 8:23am Nov 12, 2008 8:23am
Quoting Fx_Pipin
I combine this method with use of fibs retracements and stochs for better enry.

oan4fx you are the man

Im waiting to enter for a long at the closing of this 4hr candle. Love using this on a 4hr time frame, my target for EUR/GBP will be over 300pips !
So far so good. I am up over 100 pips .
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp.gif Size: 39 KB
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