My own developed benkyalate system | Page 41 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What I have learned trading & How I developed my system 6 replies

Developed This System, Glitches 0 replies

Did I just create my own very simple system? 25 replies

Indicators & EA's vs own system 8 replies

Creating Your Own Trading System : A View From the Outside In 0 replies

Attachments: My own developed benkyalate system
Exit Attachments

My own developed benkyalate system

  • #801
  • Edited 7:01pm Nov 13, 2008 6:57pm | Edited 7:01pm
I'm getting ready to go short the eurusd on the godfather template. Just waiting for 3 candleaverage bars and an overbought signal from my stochs. Already at the red line.

Anyone else getting ready to go short?
  • #802
  • Nov 13, 2008 7:02pm Nov 13, 2008 7:02pm
Hi Oan,

What is the best way to find the optimal internal CoG indicator settings for a particular currency and time frame?

Is it just trial and error trying to find the best visual fit or is there a more efficient way to find the best parameters to use in CoG for a specific currency and TF.

Thanks a lot for sharing your system.

A777


Quoting oan4fx
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.
  • #803
  • Nov 13, 2008 7:19pm Nov 13, 2008 7:19pm
Quoting nananp87
Hi everyone, first of all i want to thank Oan4fx for this system it looks very interesting, ive been reading this forum for a couple of days trying to catch up everything. Im very new in the forex market so far i only know the basic staff about this business, i would like to know which template i can use in order that i can understand it easily. what parameters i have to follow ?
I appreciate if oan4fx can help me or if anyone of you can help i will apreciate it, thanks a lot.......
hi my friend start with oan template and po2 for exotics .
and good luck .
my reagrds.
oan.
  • #804
  • Nov 13, 2008 7:22pm Nov 13, 2008 7:22pm
Quoting a777
Hi Oan,

What is the best way to find the optimal internal CoG indicator settings for a particular currency and time frame?

Is it just trial and error trying to find the best visual fit or is there a more efficient way to find the best parameters to use in CoG for a specific currency and TF.

Thanks a lot for sharing your system.

A777
hi my friend the best is out there and i am tryin to reach out and i have gave you the baics indicatores and trying to reac the best out there.
i can not post a sytem that i am using for trading but trade the rest i posted they have good rsults .
my regard.
oan.
  • #805
  • Nov 13, 2008 8:04pm Nov 13, 2008 8:04pm
Quoting ayman.fx
O_o?

lol definately true, the trade went against me. I definately need more practice. I noticed at that time when i took the trade that candles didnt indicate a reversal. There was no clear indication that it would reverse. Stochs didn indicate a reversal.

I took the trade too blindly.

Moral of the story: even when you think you have an entry signal, always confirm with other indicators.
  • #806
  • Nov 13, 2008 9:11pm Nov 13, 2008 9:11pm
Quoting dimitrius
I'm getting ready to go short the eurusd on the godfather template. Just waiting for 3 candleaverage bars and an overbought signal from my stochs. Already at the red line.

Anyone else getting ready to go short?
I tried the godfather template on 1HR TF. It gives faster entries than the 4HR and the signals are pretty good. Taking into consederation that price can bounce from the dotted or at worse the very high solid lines.
I'll try to post some chatrs based on the 1HR TF.
  • #807
  • Nov 13, 2008 10:08pm Nov 13, 2008 10:08pm
Quoting trendspider
I tried the godfather template on 1HR TF. It gives faster entries than the 4HR and the signals are pretty good. Taking into consederation that price can bounce from the dotted or at worse the very high solid lines.
I'll try to post some chatrs based on the 1HR TF.
1 hour? Interesting. I haven't tried on the 1 hour. Do you still use the same scale rules such as 3 candle averages above/below 81, and the others?

The only indicators I'm using at the moment, besides the cog, are candle averages and stochastics. And then I combine with candlestick patterns and now trying to combine with fibs.
  • #808
  • Nov 13, 2008 11:36pm Nov 13, 2008 11:36pm
Quoting dimitrius
1 hour? Interesting. I haven't tried on the 1 hour. Do you still use the same scale rules such as 3 candle averages above/below 81, and the others?

The only indicators I'm using at the moment, besides the cog, are candle averages and stochastics. And then I combine with candlestick patterns and now trying to combine with fibs.
yes same rule as the 4hr tf.

Here are some entries
usd/cad long
eur/usd short
nzd/jpy short
There are many others too ......

Will keep on testing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ucad1411.jpg Size: 218 KB
Click to Enlarge Name: eu1411.jpg Size: 218 KB
Click to Enlarge Name: nj1411.jpg Size: 213 KB
  • #809
  • Nov 14, 2008 1:08am Nov 14, 2008 1:08am
Anyone know where to find the belkhayate timing indicator?
  • #810
  • Nov 14, 2008 1:41am Nov 14, 2008 1:41am
Hi there,

Can someone please post the one 2 tpl? I searched the entire thread for it and i coud not find it.

Thank you.

Necre
  • #811
  • Nov 14, 2008 3:43am Nov 14, 2008 3:43am
when you open a trade on friday, if the price not reach the blue line on 4h timeframe, you close your trade for the week end? or place just a stop loss?

thanks
  • #812
  • Nov 14, 2008 3:58am Nov 14, 2008 3:58am
Quoting xos2000
when you open a trade on friday, if the price not reach the blue line on 4h timeframe, you close your trade for the week end? or place just a stop loss?

thanks

I would not hold over a weekend. I'd close all positions. Remember, some market makers increase the spread in the first few hours of monday morning, which could stuff you up.
  • #813
  • Nov 14, 2008 3:59am Nov 14, 2008 3:59am
Quoting trendspider
yes same rule as the 4hr tf.

Here are some entries
usd/cad long
eur/usd short
nzd/jpy short
There are many others too ......

Will keep on testing
Which tf have you found more successful so far? 1 or 4 hour?
  • #814
  • Nov 14, 2008 6:08am Nov 14, 2008 6:08am
Quoting dimitrius
Which tf have you found more successful so far? 1 or 4 hour?
1hr, it gives more signals than 4hr .. price hits dotted/solid lines more often than 4hr and entry when all signals line up. still need to test more but so far signals are good.
  • #815
  • Edited 7:04am Nov 14, 2008 6:45am | Edited 7:04am
Hi, any shorts went bad at AUDNZD?
I shorted and it hit my 140pip SL, I guess I entered too late then, is this the moment where I should use more leverage and keep entering shorts?
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd sl.gif Size: 31 KB
  • #816
  • Nov 14, 2008 8:04am Nov 14, 2008 8:04am
Quoting marcelnyo
Hi, any shorts went bad at AUDNZD?
I shorted and it hit my 140pip SL, I guess I entered too late then, is this the moment where I should use more leverage and keep entering shorts?
Attachment
What TPL are you using? I did not see that trade.
  • #817
  • Nov 14, 2008 9:15am Nov 14, 2008 9:15am
Could you send me a PM with a way to get in touch with you by email? I wanted to run something by you but you aren't taking messages from other memgers!

Thanx
  • #818
  • Nov 14, 2008 9:49am Nov 14, 2008 9:49am
Quoting z8young
Could you send me a PM with a way to get in touch with you by email? I wanted to run something by you but you aren't taking messages from other memgers!

Thanx
Hey,

I just emailed you.
  • #819
  • Nov 14, 2008 11:16am Nov 14, 2008 11:16am
Quoting marcelnyo
Hi, any shorts went bad at AUDNZD?
I shorted and it hit my 140pip SL, I guess I entered too late then, is this the moment where I should use more leverage and keep entering shorts?
Attachment
Yes, that is what i'd do. in fact that is what I have done to eu/usd. I also entered a trade similar to yours and it went against me 300 pips. I opened up 2 more shorts for a total of 4 lots.

What i then do is, cut loss for the 2 bad trades. At some point the price will retrace and hit the entry of your first 2 bad trades. I set my target profit so that those trades are taken off the table with an acceptable loss which i can tolerate. so i now have 2 good trades and 2 (orignally bad trades) small losses.

having said that, we must remember that fundamentals > technicals in the long run. prices do adjust themselves. sometimes news will totally screw your analysis. and if you take my advice, you are taking advice from a guy who only paper traded for 6 months

happy learning
  • #820
  • Nov 14, 2008 12:01pm Nov 14, 2008 12:01pm
Quoting Fx_Pipin
What TPL are you using? I did not see that trade.
I uses Godfather template, and EURCHF is showing a short, too, was that AUDNZD signal I saw wasn't a signal?
2 traders viewing now