Hello there. Can anybody help me out? when I try loading the obama template on my MT4 platform, it freezes and then reports a crash. What can I do?
My own developed benkyalate system
- #1,024
- Nov 19, 2008 4:12pm Nov 19, 2008 4:12pm
Ok, so I've managed to turn my $3,000 demo account into just over $11,000 over the course of almost three weeks. Which I was very happy about.
However, yesterday, I managed to lose almost $4,000 within the span of 8 hours, trading the 4 hour charts on the eurgbp and eurusd, with the leo template. I'm a bit unhappy about this, because I followed the rules very very closely, and had strict money management rules in place, with a sl at the low or high of the previous candle.
Although I'm still up over 100%, I'm not a happy chappy, because I was about to go live trading this before this happened.
To all the guys out there who have had similar success like I have, I have two questions:
1. What type of drawdowns have you been having?
2: How consistent have your wins been?
I'm not knocking this system, because I'm grateful for what Oan has done for us. I'm just trying to gage what others have been experiencing and how we can help Oan in making this system better.
Please help me by giving me your input.
It may help more people out there.
Thanks.
However, yesterday, I managed to lose almost $4,000 within the span of 8 hours, trading the 4 hour charts on the eurgbp and eurusd, with the leo template. I'm a bit unhappy about this, because I followed the rules very very closely, and had strict money management rules in place, with a sl at the low or high of the previous candle.
Although I'm still up over 100%, I'm not a happy chappy, because I was about to go live trading this before this happened.
To all the guys out there who have had similar success like I have, I have two questions:
1. What type of drawdowns have you been having?
2: How consistent have your wins been?
I'm not knocking this system, because I'm grateful for what Oan has done for us. I'm just trying to gage what others have been experiencing and how we can help Oan in making this system better.
Please help me by giving me your input.
It may help more people out there.Thanks.
- #1,025
- Nov 19, 2008 4:26pm Nov 19, 2008 4:26pm
Ok, so I've managed to turn my $3,000 demo account into just over $11,000 over the course of almost three weeks. Which I was very happy about.
However, yesterday, I managed to lose almost $4,000 within the span of 8 hours, trading the 4 hour charts on the eurgbp and eurusd, with the leo template. I'm a bit unhappy about this, because I followed the rules very very closely, and had strict money management rules in place, with a sl at the low or high of the previous candle.
Although I'm still up over 100%, I'm not a happy chappy, because I was...
However, yesterday, I managed to lose almost $4,000 within the span of 8 hours, trading the 4 hour charts on the eurgbp and eurusd, with the leo template. I'm a bit unhappy about this, because I followed the rules very very closely, and had strict money management rules in place, with a sl at the low or high of the previous candle.
- #1,033
- Edited 8:08pm Nov 19, 2008 7:48pm | Edited 8:08pm
- | Joined Nov 2008 | Status: Trader | 2,055 Posts
Ok, so I've managed to turn my $3,000 demo account into just over $11,000 over the course of almost three weeks. Which I was very happy about.
However, yesterday, I managed to lose almost $4,000 within the span of 8 hours, trading the 4 hour charts on the eurgbp and eurusd, with the leo template. I'm a bit unhappy about this, because I followed the rules very very closely, and had strict money management rules in place, with a sl at the low or high of the previous candle.
Although I'm still up over 100%, I'm not a happy chappy, because I was...
1) you must believe in yourself. if you think you have entered the trade correctly based on all the indicators, you must believe that you have done the right thing. allow time to tell if you have made the right trade or not. remember that change doesn't happen that fast on a 4 hour time frame. you might have to wait another few days or maybe till end of next week to see a result.
2) if you are trading in the 4 hour time frame, allow yourself about 300-400 pips of stop loss. you are not doing 30 min time frames anymore. we are talking about making 300 + pips at 1 go. it is only natural for you to have a stop loss of about 300 pips (or more).
i believed in my entries and although they went against me, they are all coming back now. i also averaged out. so right now, half my positions are showing a loss and half my positions are showing a profit. i still beleive that i have made the right entry and the market will move in my direction... but again on a 4 hour time frame, that may take a while to happen. all i can do is wait now.
remember that to be successful in this business you must first be able to trust yourself. happy learning
edit: upon checking with oan's obama template, it seems the positions i entered in were not proper entry positions lol. so i guess thats why things are not working out so well. i guess there is much more to learn
- #1,034
- Nov 19, 2008 8:05pm Nov 19, 2008 8:05pm
Hi ...
This happen with me too ..I had two traders , one of them it was ok but the other one the system made freez e, so I removed the Timer away then things were ok
Dear Oan ...any idea to solve this problem ...how to make the timer work again
donload odlsecurities or afb.com.k plateform they are better and also try to delelte other indicators jut keep the one you use .
my regards.
oan.
- #1,037
- Nov 19, 2008 8:15pm Nov 19, 2008 8:15pm
Thanks for the input th.
300-400 pips stop loss is quite a bit. If I wasn't trading $10 a pip, it may be different, but I trade 10 per pip. Which is why I limit my stop loss to the previous bar's high/low. If I stick to my 10% maximum draw down rule, then then I need to adhere to this. I'm also uncomfortable with averaging down. To me that's too risky.
I'll have to think hard about this and decide whether I need to change my risk-taking strategy.
Any other people want to add to thelws's advice?
my regards.
oan.
- #1,038
- Nov 19, 2008 8:16pm Nov 19, 2008 8:16pm
btw oan, i still need to confirm the timing indicator for your obama template.
to buy:
time indicator: - green circles, line is green, facing down, at .81 level
to sell:
indicator :- green circles and blue lines or blue circles and blue lines (all at .81 level facing up)
is this right?
Hi All,
This system is working so fine even though I prefer the classical way but this system proved itself in the current market's condition.
The original Belkhayate system works best on the 4 hours TF, but Oan's modified system works on all time frames starting from 4H to 1M.
My advice to all of the people, who still can't understand the system, is to understand the efforts of Oanfx in improving this system into perfection, and try to modify it to what suits your trading methodology. some the guys here have already succeeded in doing it and are making a lot of pips.
Oanfx has mentioned that all versions works fine, and it's up to you to pick whatever suits you after testing it on the demo. Please try to open your mind and enjoy creating your own system out of it on your own preferred time frame. And for newbies, try to search and learn more about the fundamental and technical analysis and don't just depend on being fed by a golden spoon.
Don't you want to be proud of having your own developed system even if you didn't create it from scratch?!!
Cheers all,
This system is working so fine even though I prefer the classical way but this system proved itself in the current market's condition.
The original Belkhayate system works best on the 4 hours TF, but Oan's modified system works on all time frames starting from 4H to 1M.
My advice to all of the people, who still can't understand the system, is to understand the efforts of Oanfx in improving this system into perfection, and try to modify it to what suits your trading methodology. some the guys here have already succeeded in doing it and are making a lot of pips.
Oanfx has mentioned that all versions works fine, and it's up to you to pick whatever suits you after testing it on the demo. Please try to open your mind and enjoy creating your own system out of it on your own preferred time frame. And for newbies, try to search and learn more about the fundamental and technical analysis and don't just depend on being fed by a golden spoon.
Don't you want to be proud of having your own developed system even if you didn't create it from scratch?!!
Cheers all,
Sniffing Snake's Tracks...