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My own developed benkyalate system

  • #1,261
  • Nov 25, 2008 5:13am Nov 25, 2008 5:13am
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Hi Bro, I noticed that you took the same trade I was thinking.Looking at the candle average and the stoch in the overbaught area , it looks like a good buy,,,,,, but as Oan said, its better to trade along the solid lines for high probability trade especially you want to catch higher tp. just following the winning strategy.anyway you probably walked away with 122pips at least on that trade .Anyway you can refer to adros84 pp39 #576.
happy hunting bro and thanks Oan.

Quoting Mcdegoh
Hi Guys,

Is this correct the way I trade the system?

I enter a buy when candle close at or around the dotted green line and set my TP at the blue line?

I noticed that the lines move as candle progresses. Do i enter into another trade again if the candle moves nearer to the solid green line?

Please lend me your guidance.

Thanks.
  • #1,262
  • Nov 25, 2008 5:18am Nov 25, 2008 5:18am
Quoting oan4fx
INFINITI SYSTEM
interesting, how is that working?
  • #1,263
  • Nov 25, 2008 10:14am Nov 25, 2008 10:14am
Oan Hello! Great work!

You could publish the new template Infiniti?

I see an indicator alerts!
I'm working on TF 1m and this is really incredible, the safety with which I come into the market now is very rewarding! thanks!
  • #1,264
  • Nov 25, 2008 11:31am Nov 25, 2008 11:31am
Trade 1 EURUSD Obama TF 1M

Short trade EURUSD on live account
Entry: 1.2886
Exit: 1.2867

Profit: +19 pips

Price at upper blue regression line
Candle average: -0.81
Timer: Green balls / blue vertical lines with magnitude (amplitude) 0.81
Stoch (8,3,3):
%K crossing %D above level 80 and %K crossing down level 80.
Profit target: Center of Gravity (Blue line)
Slope direction line: positive slope (black) to negative slope (grey)
Parabolic SAR (0.04,0.50): Price under parabolic SAR

Moving averages on chart:
ema(8) blue, ema(21) red, ema(55), limegreen,
sma(89) pink, sma(200) green
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdObama1M26112008-01.jpg Size: 561 KB
Attached Image
  • #1,265
  • Nov 25, 2008 11:37am Nov 25, 2008 11:37am
Trade 2 EURUSD Obama 1M
Long trade EURUSD on live account

Entry: 1.2817
Exit: 1.2831

Profit: +13 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdObama1M26112008-02.jpg Size: 568 KB
  • #1,266
  • Nov 25, 2008 11:40am Nov 25, 2008 11:40am
Trade 3 EURUSD Obama 1M

Short trade EURUSD on live account

Entry: 1.2853 (Sell)
Exit: 1,2856

Loss: -3 pips


Attached Image (click to enlarge)
Click to Enlarge Name: eurusdObama1M26112008-03.jpg Size: 556 KB
  • #1,267
  • Nov 25, 2008 11:43am Nov 25, 2008 11:43am
Trade 4 EURUSD Obama 5M

Short trade EURUSD on live account
Time frame = M15
Entry: 1.3043
Exit: 1.3029

Profit: +14 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdObama5M26112008-01.jpg Size: 560 KB
  • #1,268
  • Nov 25, 2008 11:51am Nov 25, 2008 11:51am
Quoting Nimrod
Hi bro, I was wondering what sort of ma's you would used to get a profit targer? I like the varous point system you put into the oan template and thanks for the 8 point check list good man.cheers.
ema(8), ema(21), ema(34), ema(55),
sma(89), sma(144), sma(200),
ema(365)

Reference:
Thread 4H Market Rhythm from Phillip Nel
http://www.forexfactory.com/showthread.php?t=14630

Trade well,
eTrader
  • #1,269
  • Nov 25, 2008 12:10pm Nov 25, 2008 12:10pm
Thats intresting, i never really believe in crossings, its just a lag system, but ill have to take a look at this E trader..


Anyone seeing a setup almost happening on the USD JPY 1HR?

Quoting eTrader
Trade 1 EURUSD Obama TF 1M

Short trade EURUSD on live account
Entry: 1.2886
Exit: 1.2867

Profit: +19 pips

Price at upper blue regression line
Candle average: -0.81
Timer: Green balls / blue vertical lines with magnitude (amplitude) 0.81
Stoch (8,3,3):
%K crossing %D above level 80 and %K crossing down level 80.
Profit target: Center of Gravity (Blue line)
Slope direction line: positive slope (black) to negative slope (grey)
Parabolic SAR (0.04,0.50):...
And your mouth dropped
  • #1,270
  • Nov 25, 2008 12:26pm Nov 25, 2008 12:26pm
I have been persevering with this for days on a demo account, just couldn't get it to work, but after a re read of a few of the post i think i have finally got it right,

8 trades no losers all on 1min time frame 34 point gained, this will do me i am only looking for 10 - 20 points a day.

Will keep goin till the end of the week to see how it goes


Thanks Oan
  • #1,271
  • Nov 25, 2008 5:58pm Nov 25, 2008 5:58pm
Hi eTrader

Finally i found someone from belgium who knows something about forex
first of all congrats with your results.

I'm also trying to scalp eurusd on 1m & 5m TF,
I had some good results, but i didn't use a stoploss.
I made over 1000 pips in a week, but then 1 bad trade and i lost the 1000 pips that i won. So now i want to find a good way where to put my SL.

- Where do you put your stop loss?
- Do you only trade in the direction of the main trend on higher TF's?

and i'm a bit confused about the timer indicator,
am i right that for a sell, timer indicator has to be above .81 level from candle average and under -.81 for a buy signal?

Thanks in advance!

Tibo

Quoting eTrader
Trade 1 EURUSD Obama TF 1M

Short trade EURUSD on live account
Entry: 1.2886
Exit: 1.2867

Profit: +19 pips

Price at upper blue regression line
Candle average: -0.81
Timer: Green balls / blue vertical lines with magnitude (amplitude) 0.81
Stoch (8,3,3):
%K crossing %D above level 80 and %K crossing down level 80.
Profit target: Center of Gravity (Blue line)
Slope direction line: positive slope (black) to negative slope (grey)
Parabolic SAR (0.04,0.50):...
  • #1,272
  • Edited 9:50pm Nov 25, 2008 7:18pm | Edited 9:50pm
1) While using the "Obama", does the 4hr chart have to match 1hr chart? If it doesn't, is it still okay to
make the deal assuming the 3 rules (candle avg, time indicator, yellow/blue lines) have been met?

2) Also, what does it mean when you have the candle avg. above +0.81 and the green line with green
circle also at +0.81? It happens quite frequently before a trend starts to appear. What does it indicate?

Also, can someone attach the "Godfather" template? I like the templates with time indicator.

PS: oan4fx, you truly have a fabulous system here. I was very skeptic at first, but folks, please try it BEFORE you make comments.
  • #1,273
  • Nov 26, 2008 5:00am Nov 26, 2008 5:00am
Hi eTrader, hi Oan and Hi Everybody!

eTrader,

I see that your trades mostly follow the timer and the sto. Sometimes you take positions at the opposite of the Average.

1. Could you explain how you manage your indicators (system of points?)
2. Do you put your stop on the CG or do you also use the SMA? (I don"t really understand you explanation)

3. Does the time repaint? (general question)

Sincerely

Neko

ps: Always a pleasure to read this post, unfortunatly, I don't have a lot of time to trade right now...
  • #1,274
  • Nov 26, 2008 7:52am Nov 26, 2008 7:52am
Now trading EURUSd and EURAUD they seem to move opposite to one another I can now trade 2 swaps taking one short and the other long etc.

last series of trades

$18+$135+$12+$420+$90+$346+$99+$180+$104+$139+$209+$97+$80+$51+$44+$102

Currently short 2 contracts eurusd TP 1.2952

Paulus
  • #1,275
  • Nov 26, 2008 7:59am Nov 26, 2008 7:59am
Quoting Paulus
Now trading EURUSd and EURAUD they seem to move opposite to one another I can now trade 2 swaps taking one short and the other long etc.

last series of trades

$18+$135+$12+$420+$90+$346+$99+$180+$104+$139+$209+$97+$80+$51+$44+$102

Currently short 2 contracts eurusd TP 1.2952

Paulus
Which tf and template?
  • #1,276
  • Nov 26, 2008 8:02am Nov 26, 2008 8:02am
Hi Oan,

I just did 2 trades and so far all turn up profit.

I am using the godfather2 template. Both trade was done on the solid red line. Therefore, all trades were on sell.

Q1) We can take trade at the dotted red or green line provided that the other conditions are met. Is that right?

Q2) If you trade the perfect setup and the price still move 100pips away from you. Dont mind sharing how you handle these situation? Do you average out? I think this part is not really in discussion.

For example, i make a sell at the perfect setup. The price moves so far up away and then later start to fall down. But the price then later fall at a low which still end me in negative loss. Or that scenario is not possible? Or just make a trade of $1 pip so that my stoploss is not a problem
  • #1,277
  • Nov 26, 2008 8:04am Nov 26, 2008 8:04am
paulus hello!
Great job!
Could you show us you are running as the entrances and exits from the market?
I understand that you work on TF 1M!

Thanks!
  • #1,278
  • Nov 26, 2008 8:11am Nov 26, 2008 8:11am
here is pic of workspace and my template .. on hold on phone will post my entry in a min

P
Attached Image (click to enlarge)
Click to Enlarge Name: WS.gif Size: 59 KB
Attached File(s)
File Type: tpl My Oan.tpl   6 KB | 1,046 downloads
  • #1,279
  • Nov 26, 2008 8:22am Nov 26, 2008 8:22am
Both TP's hit +$140 +$240

P
  • #1,280
  • Nov 26, 2008 8:23am Nov 26, 2008 8:23am
you enter the trade when the price touches the solid lines?
along with stoch? what is your goal?
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