My own developed benkyalate system | Page 62 | 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

  • #1,221
  • Nov 24, 2008 5:02am Nov 24, 2008 5:02am
Oan please give us a Stop Loss because we realy need it for safety pls
  • #1,222
  • Nov 24, 2008 5:07am Nov 24, 2008 5:07am
Quoting salmo
Hello and welcome...
I'm new one, but i read all thread and this system it seems to be very interesting.
But...
Let me show you some historical results from amazing week 20.10 - 25.10, when GBPUSD fell down over 2000 pips.

Attachment picture:
Period: 4h
1,2,3 - Situation: candle after candle, particular attention please have a look at price.
4 - market stop falling down for a while
(if somebody enter the trade in stage 1,2 or 3 - could leave here and take some profit (?) or could enter just after the signal of 3c_Turbo_JRSX (yellow color)
5 -...
my friend backtest dont work with this system or judge it .
my regards.
oan.
  • #1,223
  • Nov 24, 2008 5:08am Nov 24, 2008 5:08am
Quoting Dance981
Oan please give us a Stop Loss because we realy need it for safety pls
i usually average my positions and stop loss at 200 pips and i swear i never had a stop loss hitten by this system until now even no loss trade.
i am really mad to invent such a system and in what in forex the most difficult market i begian to believe that i am a mad man really.
my regards.
oan.
  • #1,224
  • Nov 24, 2008 5:22am Nov 24, 2008 5:22am
you are but in the best way posible thx man, always a great help , god bless you
  • #1,225
  • Nov 24, 2008 5:44am Nov 24, 2008 5:44am
Hi guys!

I was reading this thread from the beginning but didn’t have a chance to post earlier. Just want to share my observation. On the attachment bellow you can see the red line which represents price 142.676 this is exactly where solid yellow line was just few minutes ago I believe it gave us together with Candle Average Indicator clear signal to BUY. But as price continued going South, moving candles pushed the yellow solid line to the position you can see it now. It is a bit scary as I think these lines just follow candle movement and that is why it looks so perfect on past history. I understand this is just M1 but I think it might happen on other time frames as well. I am sure the system works, just want some explanations.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.JPG Size: 242 KB
  • #1,226
  • Nov 24, 2008 6:05am Nov 24, 2008 6:05am
Quoting kramlon
Hi guys!

[font=Times New Roman][size=3]I was reading this thread from the beginning but didn’t have a chance to post earlier. Just want to share my observation. On the attachment bellow you can see the red line which represents price 142.676 this is exactly where solid yellow line was just few minutes ago I believe it gave us together with Candle Average Indicator clear signal to BUY. But as price continued going South, moving candles pushed the yellow solid line to the position you can see it now. It...
this happen all the time the problem here is not the moving lines the problem is the time of trade and if you took a look at the modified time indicator it gave a sign of buy at the end not at you red line when it was at the red line it was yellow blue green color the time indicatpor i mean
after that look when the the time indicator is green yello only and the candle average i three you can see it is a good entery and also you used a very small time fram and in big time fram this does not happen like this.
my regards.
oan.
  • #1,227
  • Nov 24, 2008 6:52am Nov 24, 2008 6:52am
Thanks Oan, I'll have a look.

Quoting oan4fx
this happen all the time the problem here is not the moving lines the problem is the time of trade and if you took a look at the modified time indicator it gave a sign of buy at the end not at you red line when it was at the red line it was yellow blue green color the time indicatpor i mean
[size=5][color=blue]after that look when the the time indicator is green yello only and the candle average i three you can see it is a good entery and also you used a very small time fram and in big time fram this does not happen...
  • #1,228
  • Nov 24, 2008 7:54am Nov 24, 2008 7:54am
Quoting oan4fx
my friend backtest dont work with this system or judge it .
my regards.
oan.
Thanks for reply... and another my two words...

In my opinion 'tester stategy' tool in Metatrader works the same as in real or i'm wrong hmm...

So please explain me, why the backtest doesn't work with this system?
  • #1,229
  • Nov 24, 2008 8:06am Nov 24, 2008 8:06am
Quoting salmo
Thanks for reply... and another my two words...

In my opinion 'tester stategy' tool in Metatrader works the same as in real or i'm wrong hmm...

So please explain me, why the backtest doesn't work with this system?
the cog indicator repaints. so you cant backtest. because the cog repaints, you cant use it by itself, hence the other 2 conditions that has to be met (which is the candle average and the timer function).
  • #1,230
  • Nov 24, 2008 8:08am Nov 24, 2008 8:08am
can someone explain the candle average and timer rules?
  • #1,231
  • Nov 24, 2008 8:15am Nov 24, 2008 8:15am
History data is almoust all time something else than 100% real historydata.

Like somebody make EA first it should give good historytest..then it is even
enough intresting to put in demo...and demo is also not same than real
because datafeed can be different.

Real future is only reality and it´s unknown
  • #1,232
  • Nov 24, 2008 10:35am Nov 24, 2008 10:35am
how do you use the 3c_turbo_jrsx?
  • #1,233
  • Nov 24, 2008 10:41am Nov 24, 2008 10:41am
is this a good entry signal?
  • #1,234
  • Nov 24, 2008 10:45am Nov 24, 2008 10:45am
is this a good sinal?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 180 KB
  • #1,235
  • Nov 24, 2008 11:12am Nov 24, 2008 11:12am
Quoting Markillo
is this a good sinal?
it is not a good signal yet. it is certainly one to watch.

for the cog to be effective, it must be supported by at least 2 other indicators. one of them must be the candle average. the other is usually up to preference. some people like to use stoch. the timer indicator that oan provided is also good.

in your case, 2 of the 3 conditions are met.
1)the candle touched solid lines
2)candle average is .81

now you just need a confirmation from a 3rd source. which is to wait for the timer function to show a green or blue ball and blue lines at .81 level.
  • #1,236
  • Edited 11:43am Nov 24, 2008 11:23am | Edited 11:43am
Quoting thelws
now you just need a confirmation from a 3rd source. which is to wait for the timer function to show a green or blue ball and blue lines at .81...
From oan4fx quoted from post 1008,

to buy you need this condition:-
1-candle average at .81 yellow 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 .

For short position, it was not mentioned that the green or blue ball and blue lines must be at .81 level. As such, should be a good entry.
  • #1,237
  • Nov 24, 2008 11:44am Nov 24, 2008 11:44am
pic 1:
http://img21.imagevenue.com/loc828/t..._122_828lo.JPG


pic2:
http://img45.imagevenue.com/loc928/t..._122_928lo.JPG

Scalping on 1 min using obama template.

1)entered here because of signal. trade then went against me.
2)because of martingale theory, took a 2nd trade here with double the lot size.
3)took profit when candle reaches the middle line. cut loss for the first trade.

see picture for details.
  • #1,238
  • Nov 24, 2008 12:30pm Nov 24, 2008 12:30pm
I think I should post this as well. This is what happens when the trend is changing.

As you know, cog repaints. when i took the trade, the trend was going down. I placed a short. Again, the trade went against me.

The difference here compared to my first example is the cog began to trend up. So, common sense tells you that it is not wise to hold a short position in an uptrending market. I decided to cut loss when i had the chance and as a result only lost 30$ (or 3 pips)

as you can see in the picture below, the trend continues to go up. if i had held on to my short position, i might not be able to recover at all. im not sure if this analysis of mine is correct or not. any experienced traders want to share some views about my trading style?

http://img44.imagevenue.com/loc1110/...122_1110lo.JPG
  • #1,239
  • Nov 24, 2008 12:50pm Nov 24, 2008 12:50pm
Quoting Fumiryu
From oan4fx quoted from post 1008,

to buy you need this condition:-
1-candle average at .81 yellow 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 .

For short position, it was not mentioned that the green or blue ball and blue lines must be at .81 level. As such, should be a good entry.
is it possible for someone whoknows how to do this (oan maybe) to produce a signal that would show 1 when the Buy criteria is met and -1when the sell criteria is met?
  • #1,240
  • Nov 24, 2008 1:00pm Nov 24, 2008 1:00pm
Quoting thelws
I think I should post this as well. This is what happens when the trend is changing.

As you know, cog repaints. when i took the trade, the trend was going down. I placed a short. Again, the trade went against me.

The difference here compared to my first example is the cog began to trend up. So, common sense tells you that it is not wise to hold a short position in an uptrending market. I decided to cut loss when i had the chance and as a result only lost 30$ (or 3 pips)

as you can see in the picture below, the trend continues to go up. if i...
but there was better positions to you to get out from that business
3 traders viewing now