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My own developed benkyalate system

  • #1,001
  • Nov 19, 2008 7:20am Nov 19, 2008 7:20am
Quoting Annarita01
Hi Oan, one problem, see snapshot, this one of my problem.
Have a good day.
use this system annarita .
1-yellow and green (time indicator)at solid yellow line buy
2-yello and green and blue (timer indicator)) at blue line sell
my regards.
oan.
Attached Image (click to enlarge)
Click to Enlarge Name: البراق.png Size: 112 KB
Attached File(s)
File Type: zip obama.zip   24 KB | 1,021 downloads
  • #1,002
  • Nov 19, 2008 7:42am Nov 19, 2008 7:42am
Oan, on your new template (Obama), how do you read the candle average indicator? I'm looking at it visually, but I'd just like to hear (read) your explanation please. That's the only thing that confuses me. Thanks for everything.
  • #1,003
  • Nov 19, 2008 7:51am Nov 19, 2008 7:51am
Quoting Rialto
Oan, on your new template (Obama), how do you read the candle average indicator? I'm looking at it visually, but I'd just like to hear (read) your explanation please. That's the only thing that confuses me. Thanks for everything.
hello my friend .
to buy you need this condition:-
1-candle average at .81 yello columnes
2-time indicator green only at .81 also
3-price at dotted yellow or yellow lines
to sell you need this conditions.:-
1-candle average at .81 yellow columnes.
2-time indicator green circles and blue lines or all blue
3-price at doted or solid blue lines .
my regards.
oan.
  • #1,004
  • Nov 19, 2008 7:57am Nov 19, 2008 7:57am
Okay, now it's much clearer. Mille Grazie!
  • #1,005
  • Nov 19, 2008 7:59am Nov 19, 2008 7:59am
how are people dealing with drawdowns for this? as they do happen? is it a case of hanging in the trade till it turns around?

I have been testing this this morning and it was doing ok on the 5min eur/usd i was scalping to get a point, all was ok until the one move that took a hit of 19 points
  • #1,006
  • Nov 19, 2008 8:04am Nov 19, 2008 8:04am
Quoting QSGra
how are people dealing with drawdowns for this? as they do happen? is it a case of hanging in the trade till it turns around?

I have been testing this this morning and it was doing ok on the 5min eur/usd i was scalping to get a point, all was ok until the one move that took a hit of 19 points
use more bigger time frame and take your points and use the new system .
my regards.
oan.
Attached Image (click to enlarge)
Click to Enlarge Name: البراق.png Size: 112 KB
Attached File(s)
File Type: zip obama.zip   24 KB | 1,006 downloads
  • #1,007
  • Nov 19, 2008 8:05am Nov 19, 2008 8:05am
Quoting oan4fx
hello my friend .
to buy you need this condition:-
1-candle average at .81 yello columnes
2-time indicator green only at .81 also
3-price at dotted yellow or yellow lines
to sell you need this conditions.:-
1-candle average at .81 yellow columnes.
2-time indicator green circles and blue lines or all blue
3-price at doted or solid blue lines .
my regards.
oan.
We can use this only on 4h timeframe?
  • #1,008
  • Nov 19, 2008 8:07am Nov 19, 2008 8:07am
Quoting robkaq2
We can use this only on 4h timeframe?
any time fram.
  • #1,009
  • Nov 19, 2008 8:23am Nov 19, 2008 8:23am
Quoting oan4fx
any time fram.
time indicator also has to be always above or under .81 at good signal?
and candle average is in the opposite direction of buy or sell?
  • #1,010
  • Nov 19, 2008 8:32am Nov 19, 2008 8:32am
So it is blue lines and dots for a sell signal?

As at the moment on eur/usd i have blue lines but the dots are still green?
  • #1,011
  • Nov 19, 2008 8:59am Nov 19, 2008 8:59am
Quoting oan4fx
this is the new system please all use this .
it is the best out there .
my regards.
oan.
Not to be rude but.......

This is the new system until stop working??

It's called "curve fitting"

Again, with all respect.
  • #1,012
  • Nov 19, 2008 8:59am Nov 19, 2008 8:59am
Quoting Tibo
Hi BlueGas,

I'm also using leoan tpl on different tf's, 5m 15m 4h, and with succes!

Entry:
- price touched doted or solid blue/yellow line.
- At that time, average candle has to be above .81 for a sell, or under .81 for a buy signal.
- and then you wait until the retracement starts and stochastic close under 80/ above 20

Use fibo lines for TP, but don't be to greedy!


Happy Trading!

Tibo
Today i entered short on gbp/usd by the system, and my stoploss was hit like nothing
  • #1,013
  • Nov 19, 2008 9:12am Nov 19, 2008 9:12am
Are we only trading in the direction or angle of the COG lines?
  • #1,014
  • Nov 19, 2008 9:37am Nov 19, 2008 9:37am
I am going to persevere with this it does have potential for quick trades i think.

I really dont want to suffer any big drawdowns as i am only looking to get 10 - 20 pips per day byscalping for a pip here and there.

So i think it may be a good idea to put some support/resistance lines or previous highs and lows so i have a better idea of where to get out if it goes in the wrong direction

what does anyone think of this?
  • #1,015
  • Nov 19, 2008 9:55am Nov 19, 2008 9:55am
Hello all,
Well on my first try with the Obama I am currently up 50 pips on the Gbp/Jpy.....I will close it as soon as it hits the center line. Pretty cool!
  • #1,016
  • Nov 19, 2008 10:19am Nov 19, 2008 10:19am
Quoting oan4fx
hello my friend .
to buy you need this condition:-
1-candle average at .81 yello columnes
2-time indicator green only at .81 also
3-price at dotted yellow or yellow lines
to sell you need this conditions.:-
1-candle average at .81 yellow columnes.
2-time indicator green circles and blue lines or all blue
3-price at doted or solid blue lines .
my regards.
oan.

hi oan, i dont understand the time indicator. according to your guide, it says "time indicator at .81".

does this mean we should wait until the time indicator hits .81 to enter? please clarify? im having trouble unerstanding this indicator.

happy learning
  • #1,017
  • Nov 19, 2008 11:47am Nov 19, 2008 11:47am
Originally Posted by oan4fx http://www.forexfactory.com/images/buttons/viewpost.gif
hello my friend .
to buy you need this condition:-
1-candle average at .81 yello columnes
2-time indicator green only at .81 also
3-price at dotted yellow or yellow lines
to sell you need this conditions.:-
1-candle average at .81 yellow columnes.
2-time indicator green circles and blue lines or all blue
3-price at doted or solid blue lines .
my regards.
oan.

the descripten above again dont clear the candle average direction

in both cases its 0.81

it has to be in one case -0.81

please oan can you clear this...

thanks
  • #1,018
  • Nov 19, 2008 2:14pm Nov 19, 2008 2:14pm
If you look at the pic that Oan posted, then many questions are answered. The newest template is awesome. It is very easy to follow. Oan says to demo first and then once you have gotten a grasp on the system then go live. Once again Oan, Much Thanks to You.
  • #1,019
  • Nov 19, 2008 2:46pm Nov 19, 2008 2:46pm
quick question, thats the purpose of the histogram for on the new system?? when its reveresed with the candle average you presume its a signal do i got that right? (of course going along with the other guidlines)
And your mouth dropped
  • #1,020
  • Nov 19, 2008 2:57pm Nov 19, 2008 2:57pm
And This question is to OAN directly:

Where do you assume your Stop Loss Target? when you enter the trade?!
And your mouth dropped
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