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My own developed benkyalate system

  • #1,161
  • Nov 22, 2008 1:15pm Nov 22, 2008 1:15pm
Quoting yast77
Hi, just want to remind that you should set your own stoploss, just change the setting of initialstoploss, all the trade stoploss is initialstoploss + pip for last order. Hope this helps...
Yast, your default setting for stoploss is 1000, if I just made 500 from my last trade will my stoploss now be 1500? Not sure what initalstoploss + pip for last order means?
  • #1,162
  • Nov 22, 2008 1:24pm Nov 22, 2008 1:24pm
I don't mean to be a party pooper, especially on my very first post in this great forum, and I'd like to compliment Oan for his great contribution and his generosity...

Im just curious; are you guys not at all concerned about the martingale aspect of this system? I mean, I know you can't compare forex to gambling, but if you play roulette you can play for hours maybe days getting by, but it's written in the stars that you'll lose your shirt if you continue long enough...

Im just curious what you guys think cause I want to be just as rich as the next guy using this system. It's a discussion well woth taking IMO, and very relevant to this thread...

Anyone...?
  • #1,163
  • Nov 22, 2008 1:41pm Nov 22, 2008 1:41pm
Quoting Paulus
yes qz thats right

$10 per pip

Paulus



Hi Paulus, congratulations for you succes


Do you use a stop Loss, and if so how big



Thx
  • #1,164
  • Nov 22, 2008 1:48pm Nov 22, 2008 1:48pm
Quoting qz10cq
Yast, your default setting for stoploss is 1000, if I just made 500 from my last trade will my stoploss now be 1500? Not sure what initalstoploss + pip for last order means?
If you set initialstoploss to 500, pips is 100, mean last order stoploss is 600,when the stoploss is hit, all orders will also close immediately. Just want to inform that this martingale logic is from 10point3, i just code it by changing the open condition for this EA.Hope this helps...
Beginner of MQL programming
  • #1,165
  • Nov 22, 2008 2:05pm Nov 22, 2008 2:05pm
Hello.....It seems to me that this system is more like being a great card counter and increasing your odds. One will still have losses. As far as the Martingale goes, I trade this demo and manually, so far, and I don't even use the Martingale. However the ea sounds pretty good and I may also have to demo it just to see for myself how it is working. Just my 2 cents.
  • #1,166
  • Nov 22, 2008 2:41pm Nov 22, 2008 2:41pm
Quoting shiva
Hi, I don't see a valid sell signal there, the candle average was still at the lower half when price took the solid blue line. You need it at +0.81 for a short to be executed.
Hi Shiva
Thanks but if you notice the previous candle when it start to cross , the candle average was -0.81 and the next candle went up may be 70 pips then went down .
  • #1,167
  • Nov 22, 2008 3:35pm Nov 22, 2008 3:35pm
Quoting shiva
Hi, I don't see a valid sell signal there, the candle average was still at the lower half when price took the solid blue line. You need it at +0.81 for a short to be executed.
Hello Shiva,

as I understood, since Obama we reverse the Candle Average.

Poka
  • #1,168
  • Nov 22, 2008 4:20pm Nov 22, 2008 4:20pm
Hello everyone,
Oan, I starting reading your thread when you first opened it. I then went away and just came back today. It seems like so many changes have been made by you and others. Which system are you using now (is it the one in post 1?). And what are the exact rules and time frames do u use, I know some people open at dotted line others at solid lines? can u tell me which post to look at? Also, is there an EA for your system, if so which post please? I feel embarrased to ask so many questions because Im just a starnger to you, i would be really grateful.

And finally to others, if you have had real money success with oan systems - r you using oans exact rules or different one? please say.

The thread is huge and people have deleted some of their posts no doubt. I just want whats working. Thank you, and I hope you oan remain this helpful.

Regards
  • #1,169
  • Nov 22, 2008 5:42pm Nov 22, 2008 5:42pm
Yes Martigale , even it´s always blaimed been account blaster can work
in this scenario differently.

How?

Normally those 3p etc macd, stoch what ever fancy indicator based
have just try to take near top or bottom of that trent.

But in this gase we are already wery near limit on price movement to that direction,
not too strong martigale system can just makes those
trades multiple profitable. Cos price can normally go max 100 more wrong
way before turn back.

Not like trent martingale and then trent change
and soon after 300 pip total wrong way margin call arrives.

And i think some users do that martigale even now manually
with "ewery fibo level i doulpe my order" systems.
  • #1,170
  • Nov 22, 2008 6:02pm Nov 22, 2008 6:02pm
Hi Folks !

The only thing I can add here is the fact that martingale works !
I'm doing quite well ;-))
The key is to handle probabilities in trading.
High probability being right => High leverage trades
This requires patience, patience, patience.....
(Like a lion who is lying under the tree for hours waiting for his meal.....)

I couldn't tell you more because I'm involved in trading for a major
trading firm in London where I trade my own funds and bigger customer funds.

Study well this thread and you will find the secret...

Good luck to all

Bernhard
  • #1,171
  • Nov 22, 2008 6:46pm Nov 22, 2008 6:46pm
Quoting behof
Hi Folks !

The only thing I can add here is the fact that martingale works !
I'm doing quite well ;-))
The key is to handle probabilities in trading.
High probability being right => High leverage trades
This requires patience, patience, patience.....
(Like a lion who is lying under the tree for hours waiting for his meal.....)

I couldn't tell you more because I'm involved in trading for a major
trading firm in London where I trade my own funds and bigger customer funds.

Study well this thread and you will find the secret...

Good luck to...
Exactly!

I have been using the EA, with adjusted settings on small TF. The win rate is over 65%, so if you think about it in terms of probabilities your onto a winner. You just need to limit your losses, but not try ang get too much on your winners, as this effects the win rate. Mess about with the EA, and you will find it works a treat. You can see on the charts that the signals are good, so you need to use the martingdale to reduce the losses that do occur.

High probability is the key.

Regards

shinny
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #1,172
  • Nov 22, 2008 7:42pm Nov 22, 2008 7:42pm
Quoting shinny
Exactly!

I have been using the EA, with adjusted settings on small TF. The win rate is over 65%, so if you think about it in terms of probabilities your onto a winner. You just need to limit your losses, but not try ang get too much on your winners, as this effects the win rate. Mess about with the EA, and you will find it works a treat. You can see on the charts that the signals are good, so you need to use the martingdale to reduce the losses that do occur
Hi Shinny, what time frame do you use and what is the stop loss and TP you use? Did you use this on the oan template or one of the others?

Regards
  • #1,173
  • Nov 22, 2008 8:15pm Nov 22, 2008 8:15pm
Quoting bobsfx
Hi Shinny, what time frame do you use and what is the stop loss and TP you use? Did you use this on the oan template or one of the others?

Regards
Hi, I use it on the original template, but i dont think it matters too much.

I use it on 15m tf, 40pip tp and 60 pip sl. eurjpy also seems to work very well.

I am getting a win rate of over 65-70%, which is great. Lots of trades, and lots of little wins. You get the occassional big hit, but never too bad (11-19% at very very worst).

Hope that helps

shinny
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #1,174
  • Nov 22, 2008 9:47pm Nov 22, 2008 9:47pm
Quote
You get the occassional big hit, but never too bad (11-19% at very very worst).

Thanks alot that really does help.

Regards
  • #1,175
  • Nov 22, 2008 10:45pm Nov 22, 2008 10:45pm
Quoting behof
Hi Folks !

The only thing I can add here is the fact that martingale works !
I'm doing quite well ;-))
The key is to handle probabilities in trading.
High probability being right => High leverage trades
This requires patience, patience, patience.....
(Like a lion who is lying under the tree for hours waiting for his meal.....)

I couldn't tell you more because I'm involved in trading for a major
trading firm in London where I trade my own funds and bigger customer funds.

Study well this thread and you will find the secret
Good luck to all...
This is gold people, understand what this man has given you. A high probability trade with a martingale sequence....exactly what the ea gives us.

Bernhard how long is the martingale sequence you play professionally. I personnally play a 7 long sequence with a 2 to 1 win/loss ratio and have good success....Thank You Bernhard
  • #1,176
  • Nov 22, 2008 10:58pm Nov 22, 2008 10:58pm
Quoting shinny
Exactly!

I have been using the EA, with adjusted settings on small TF. The win rate is over 65%, so if you think about it in terms of probabilities your onto a winner. You just need to limit your losses, but not try ang get too much on your winners, as this effects the win rate. Mess about with the EA, and you will find it works a treat. You can see on the charts that the signals are good, so you need to use the martingdale to reduce the losses that do occur.
High probability is the key.

Regards

shinny
What are your adjusted settings shinny? Your are winning 65% which is great but what are your losses? A martingale system that is 3 long like our ea here can be expensive when it keeps going right thru the trade lines and does not reverse. I've been playing this ea with default settings which means a 1000 sl and 150 tp. It won big time for me last week (4200) on eur/jpy ( 1 pair only ) but that 1000 pip sl could be a crusher. I will continue to test with default settings on 1hr tf again this week and keep everyone informed, please do the same to all testing different settings. thanks
  • #1,177
  • Nov 23, 2008 12:35am Nov 23, 2008 12:35am
Quoting Jonah1
I don't mean to be a party pooper, especially on my very first post in this great forum, and I'd like to compliment Oan for his great contribution and his generosity...

Im just curious; are you guys not at all concerned about the martingale aspect of this system? I mean, I know you can't compare forex to gambling, but if you play roulette you can play for hours maybe days getting by, but it's written in the stars that you'll lose your shirt if you continue long enough...

Im just curious what you guys think cause I want to be just as rich as...
hello my friend i would like to welcome you in this forum and about the martingale system i use .i define a stop loss quantity so if my capital is 10000$ i am ready to loss 200 $ in a trade so i calculate my poitions on lossin just that amount only and i start to averae my poitions so that i can reach that goal and with this system if you trade 4 hour tf or trade lower time frames giving that you are in the trend way according to 4 hour time frame you will not ever ever loss believe me and welcome again
my regards.
oan.
  • #1,178
  • Nov 23, 2008 12:44am Nov 23, 2008 12:44am
Quoting eagle_eye
Hello everyone,
Oan, I starting reading your thread when you first opened it. I then went away and just came back today. It seems like so many changes have been made by you and others. Which system are you using now (is it the one in post 1?). And what are the exact rules and time frames do u use, I know some people open at dotted line others at solid lines? can u tell me which post to look at? Also, is there an EA for your system, if so which post please? I feel embarrased to ask so many questions because Im just a starnger to you, i would be really...
hi my friend i look at the 4 hour time frame and if there is chance there trade it if not i decide the trend way from it and trade it in the other smaller time frames .
the rules are easy price touch solid line in last system i posted then look at time indicator system if it is to colors only green and yellow buy and i it is three coloures blue yellow and green sell given that the price have touched the lower green solid line .
here is the system again.
my regards.
oan.
Attached File(s)
File Type: zip orabi.zip   313 KB | 1,654 downloads
  • #1,179
  • Nov 23, 2008 3:28am Nov 23, 2008 3:28am
Quoting Moe2008
Dear Oan

Attached some photo's , you can see they hit the blue think line (1HR) and went more and higher about 60-70 pips , if some one took sell he lost and could have S/L on and out of the trade .
Any comment from you or any one else ?

Beside i asked before about the Center of gravity setting , Obama works with me with one broker and jamp with the others, i want to build it up the template again without the timer ...
Regards
hello dear
in smaller time frames it may happen so you must decide the trend in 4 hour time frame and enter with it direction in lower time frames.
my regards.
oan.
  • #1,180
  • Nov 23, 2008 3:36am Nov 23, 2008 3:36am
Quoting behof
Hi Folks !

The only thing I can add here is the fact that martingale works !
I'm doing quite well ;-))
The key is to handle probabilities in trading.
High probability being right => High leverage trades
This requires patience, patience, patience.....
(Like a lion who is lying under the tree for hours waiting for his meal.....)

I couldn't tell you more because I'm involved in trading for a major
trading firm in London where I trade my own funds and bigger customer funds.

Study well this thread and you will find the secret...

Good luck to...
hi my friend long time how are you doing.
i hope trading is good .
my regards.
oan.
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