My own developed benkyalate system | Page 49 | 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

  • #961
  • Nov 18, 2008 1:26am Nov 18, 2008 1:26am
Quoting oan4fx
the godfather is good also for many time frams.
i hope it will turn back

http://mark.webenlet.hu/temp/godfat.jpg
  • #962
  • Nov 18, 2008 1:33am Nov 18, 2008 1:33am
Quoting robkaq2
i hope it will turn back
just went long eurgbp but I didn't wait for candle averages. On godfather template. Took it on the cog and stochastic indicators.
  • #963
  • Nov 18, 2008 1:49am Nov 18, 2008 1:49am
Quoting orientos
Andros84 - would you mind if I asked what your input settings are for Candle Average. Thanks.
Orientos,
I am using the default settings by Oan.
  • #964
  • Nov 18, 2008 4:06am Nov 18, 2008 4:06am
I have been using the Leo template on the 1 min chart and it sems to be working fine. I am only watching a few charts as there are trades happening all the time. I am just waiting for the price to reach the outer bands, conformation with the candle average and other indicators to line up and enter. Only targeting 15-20 pips per trade and scaling my stop as the price moves in my favour. Capital preservation.

Thanks Oan.

Jeremy
Things you should know.
  • #965
  • Nov 18, 2008 4:43am Nov 18, 2008 4:43am
I am a beginer, I am on demo using this system for about 2 weeks... In a single day I had duble my accont, I had loosing trades gest when I was impation, The System gived me always great setups. Oan I don't know you man but you made a difrents in my life as a trader and I thank you for that, my englesh is not so good, please fogive me.



I think that the godfather system is the best because is that semafor there and you ar not alow to make mistakes, the simple system is great to but is it gest have a semafore like the godfather it well be perfect. Please if you can make a semafor for the simple temple to .



God Bless Oan!!!
  • #966
  • Nov 18, 2008 4:55am Nov 18, 2008 4:55am
Quoting thelws
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...
Trading life account this style will end very fast with margin call.
  • #967
  • Nov 18, 2008 5:27am Nov 18, 2008 5:27am
hello, I need a good person to help me, I have problems understanding due to language and promiscuity of tlp and TF. I think that it is not the only woman to have this problem I wish with the help of a trader who has understood and well established method summarize the system in good English with only a cross reference (example eur / usd. Examining one tlp with a single time frame (for now), who is kind enough to explain to me and to all the TRED? hope that I explained
  • #968
  • Nov 18, 2008 5:43am Nov 18, 2008 5:43am
Quoting Annarita01
hello, I need a good person to help me, I have problems understanding due to language and promiscuity of tlp and TF. I think that it is not the only woman to have this problem I wish with the help of a trader who has understood and well established method summarize the system in good English with only a cross reference (example eur / usd. Examining one tlp with a single time frame (for now), who is kind enough to explain to me and to all the TRED? hope that I explained
ciao cari
1-prezzo quando tocco solida linea blu si guarda al momento indicatore
2-se candela media è di 3 livelli reachs ,81 si vendono
3-prezzo quando tocco Yello solide linee non si guardano i media candela 3 livelli ,81 vi si acquista
thats tutti
hanno un bel giorno
riguarda il mio
OAN
  • #969
  • Edited 6:25am Nov 18, 2008 5:53am | Edited 6:25am
Quoting adros84
Well, I won't be able to post my live account as i do not want my brokers hunting me down. However, I must say I modified the Leo template. I only retained the Candle Average and Stochastics. Then I put Color Parabolic, Slope Direction Line and 3-Level ZZ Semafor on my chart.
Hi Adros,
How's your trading doing today?
What period value do you use on the slope direction line? 10?
Can you, please, post your clolor parabolic indicator?

Thanks and good trading to you and all!
Stay on the PIPest side of life!
  • #970
  • Nov 18, 2008 6:01am Nov 18, 2008 6:01am
Quoting rabinh
Trading life account this style will end very fast with margin call.
it all depends on your trading style. how much you can tolerate and how much you trust your own indicators.

for a man to make money in this business, one must be able to trust himself. only then will he be able to make a living. different people trade differently, different motivations, different target profit. all i can say is, trade in a way you are comfortable with.
  • #971
  • Nov 18, 2008 6:11am Nov 18, 2008 6:11am
Possible short on Cable target 4559 waiting for candle average.
Attached Image (click to enlarge)
Click to Enlarge Name: gu-short.jpg Size: 259 KB
  • #972
  • Nov 18, 2008 6:37am Nov 18, 2008 6:37am

sorry but I have my head hard, but they are nice: I did not understand, in english is better

  • #973
  • Nov 18, 2008 6:42am Nov 18, 2008 6:42am
Quoting PIPer
Hi Adros,
How's your trading doing today?
What period value do you use on the slope direction line? 10?
Can you, please, post your clolor parabolic indicator?

Thanks and good trading to you and all!
Thank you my friend. Trading has not been bad at all. have added $800 to my account. Could have been $2000 if I had not panicked. Yes, I use 10 for the period value of the SDL. I've discovered that the color parabolic is the same as the ordinary parabolic you have in MT4. Just change the inputs tp 0.04 and 0.5 and you are ok
  • #974
  • Nov 18, 2008 7:12am Nov 18, 2008 7:12am
Quoting oan4fx
the leo system and simple system is for any time fram .
i am sorry that i am posting my new developed systems but i can not help it out this is my job so sorry again and i want to keep you updated if you dont like me to post more modified systems i will stop no problem
my regards.
oan.

Hi Oan,

Please continue developing the system. Its your good work that is keeping us here and thanks for helping everyone here, remember we are here because of you!

Many thanks.
Time Is Money
  • #975
  • Nov 18, 2008 9:09am Nov 18, 2008 9:09am
Quoting oan4fx
the leo system and simple system is for any time fram .
i am sorry that i am posting my new developed systems but i can not help it out this is my job so sorry again and i want to keep you updated if you dont like me to post more modified systems i will stop no problem
my regards.
oan.
oan4fx,
I have followed this thread from the start, (I joined this thread because of you) and in my humble opinion, you sir, are a trulely wonderful person.
You help all of us here (and our families by osmosis) with your knowlege and your unbridled generosity of sharing your systems with us. What you are doing here will change the lives of many people for the better.
Please keep posting, and in return may u be blessed forever.

Steve
  • #976
  • Nov 18, 2008 1:55pm Nov 18, 2008 1:55pm
Quoting trendspider
Possible short on Cable target 4559 waiting for candle average.
Trendspider, looks like the gbp is getting hammered from all directions.

Quick question, do you wait for all three candle averages to fall into place, or do you go with just cogs and stochs, and candle averages are the bonus?

I've found that waiting for all three candle averages, although a great signal, tend to also make me lose out on possible trades.
  • #977
  • Nov 18, 2008 2:50pm Nov 18, 2008 2:50pm
Oan,
You are doing all of us a huge service. Their are many self proclaimed experts selling systems that are worthless. I know their are doubters everywhere, but unless you read research and demo, how can someone be a doubter. Their are many trading styles and this is not for everyone. I believe some are brokers trying to discourage those who read this thread. Keep it up and Thank You for all you do.
  • #978
  • Nov 18, 2008 3:55pm Nov 18, 2008 3:55pm
Hi Oan,

Been reading your thread with great interest and praise you for sharing with the whole world your systems ( If only the world would share peace in the same way).
Anyway my question is I am looking to trade the 15min TF and like visually your Godfather Template can you tell me if this is a suitable Template.

Would it be possible for yourself or some kind reader to make a log of the available templates with the recommended Time Frames which with your permission be place on Page 1.

Thank you

Nightpipper
  • #979
  • Nov 18, 2008 3:58pm Nov 18, 2008 3:58pm
Quoting dimitrius
Trendspider, looks like the gbp is getting hammered from all directions.

Quick question, do you wait for all three candle averages to fall into place, or do you go with just cogs and stochs, and candle averages are the bonus?

I've found that waiting for all three candle averages, although a great signal, tend to also make me lose out on possible trades.
there are a few ways to look at this:
1) even though you make less, you are still making money. when you get 3 candles, you are confirming that the trade will go your way. who cares if you make less money...
2) indicators by nature lags, if there is an indicator that does not lag, i woiuld like to know. so some indicators will fall into place later than others. the more indicators that tell the same thing, the more the chances of the trade going your way.

trade based on your style. i personally enter a trade when at least 1 candle average touches, stoch indicates a reversal of trend and cog bands condition is met. i must say that stochastics are very slw indicators. so sometimes, when the stoch finally shows a reversal, the candle average might have shown a signal before. even then, i would still enter the trade.

again, trade based on your style. understand yourself and you will find money more often. happy learning
  • #980
  • Nov 18, 2008 4:08pm Nov 18, 2008 4:08pm
Quoting Annarita01

sorry but I have my head hard, but they are nice: I did not understand, in english is better

teach us this system biondina
1 trader viewing now