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My own developed benkyalate system

  • #1,281
  • Nov 26, 2008 8:25am Nov 26, 2008 8:25am
Quoting Paulus
Both TP's hit +$140 +$240

P
Live or demo? :-)
  • #1,282
  • Nov 26, 2008 8:26am Nov 26, 2008 8:26am
Interesting template, but you dont seem to have the timer bars on there? what do you use to confirm the trade?
  • #1,283
  • Nov 26, 2008 8:40am Nov 26, 2008 8:40am
Entry for a short is

Oan signal dictated by his arrows
My colour stoch is green indicating OB ( over 80)
Average candle showing +0.81 or greater

Enter with 10 secs to go in candle

Short 1 contract on 1st red vertical line target is Blue COG line

Price moved up so did signal to next COG line
Stoch ok
candle average ok

Short 1 more contract
Target is same TP as 1st contract

Red solid line is last entry for short but very rarley gets there.

Visa versa for longs

When i dont go short........... if price is below Blue COF line

emergency stop at black line
Attached Image (click to enlarge)
Click to Enlarge Name: short.gif Size: 25 KB
  • #1,284
  • Nov 26, 2008 8:43am Nov 26, 2008 8:43am
on Sim not live only live trading eod atm my own system

will look at this for another week then decide but its looking good


Paulus
  • #1,285
  • Nov 26, 2008 8:45am Nov 26, 2008 8:45am
Quoting Paulus
on Sim not live only live trading eod atm my own system

will look at this for another week then decide but its looking good


Paulus
Hi Paulus

What is your stop loss ?

thanks

MSD
  • #1,286
  • Nov 26, 2008 8:48am Nov 26, 2008 8:48am
Thanks, so have you looked at combing the time bars along with your stoch to get a confirmation?
  • #1,287
  • Nov 26, 2008 9:42am Nov 26, 2008 9:42am
The risk of falling prices is still there EUR/GBP buy signal .8405 and it just plummeted at the moment .8377. 1M TF

Must be away of avoiding these. Although they only happen once a day it is enough to wipe out the profit of the day.
  • #1,288
  • Nov 26, 2008 10:15am Nov 26, 2008 10:15am
Anyone making progress with the ea. As stated by someone else, it works great but then things turn around and loses what you've gained, and more. If anyone has some insight here, I would appreciate it. Kind regards.....Thanks in advance
  • #1,289
  • Nov 26, 2008 10:40am Nov 26, 2008 10:40am
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
Hey Paulus,

Are you still trading the M1 time with the template/entry/exit info you posted a few pages back? And you are only entering 1 lot with the touch of the dotted line, and one additional lot if price touches the solid line? Are you waiting for the close of the candle that touches or are you entering when it touches? For a SL you are using 100 also?

Sorry about all the ??? - I appreciate the clarification though.

V/R

Mario
  • #1,290
  • Nov 26, 2008 10:46am Nov 26, 2008 10:46am
Quoting Paulus
Entry for a short is

Oan signal dictated by his arrows
My colour stoch is green indicating OB ( over 80)
Average candle showing +0.81 or greater

Enter with 10 secs to go in candle

Short 1 contract on 1st red vertical line target is Blue COG line

Price moved up so did signal to next COG line
Stoch ok
candle average ok

Short 1 more contract
Target is same TP as 1st contract

Red solid line is last entry for short but very rarley gets there.

Visa versa for longs

When i dont go short........... if price is below Blue COF line

emergency stop...



Wthat is you StopLoss in pips



Very nice trades
  • #1,291
  • Nov 26, 2008 11:19am Nov 26, 2008 11:19am
stop loss isnt fixed its determined by the entry and its relationship to the outer black line but its normaly alot bigger than the target.

Since my last post +$102+$140+$240+$45+$168+$168
Attached Image (click to enlarge)
Click to Enlarge Name: demo.jpg Size: 178 KB
  • #1,292
  • Nov 26, 2008 11:30am Nov 26, 2008 11:30am
Quoting Paulus
stop loss isnt fixed its determined by the entry and its relationship to the outer black line but its normaly alot bigger than the target.

Since my last post +$102+$140+$240+$45+$168+$168

Great results Paulus, well done!
  • #1,293
  • Nov 26, 2008 11:32am Nov 26, 2008 11:32am
Quoting Paulus
stop loss isnt fixed its determined by the entry and its relationship to the outer black line but its normaly alot bigger than the target.

Since my last post +$102+$140+$240+$45+$168+$168
And how many failure did u have?
  • #1,294
  • Nov 26, 2008 11:44am Nov 26, 2008 11:44am
Quoting robkaq2
And how many failure did u have?
If he had losses, he would write it.
  • #1,295
  • Nov 26, 2008 11:44am Nov 26, 2008 11:44am
none yet on this account see the screen shot above

P
  • #1,296
  • Nov 26, 2008 11:56am Nov 26, 2008 11:56am
Nice short but was away from my desk

Oan short signal
Stoch OB
Average candle +0.81

Target was solid blue COG = 25 pips approx

P
Attached Image (click to enlarge)
Click to Enlarge Name: short2.gif Size: 24 KB
  • #1,297
  • Nov 26, 2008 12:16pm Nov 26, 2008 12:16pm
Quoting Paulus
stop loss isnt fixed its determined by the entry and its relationship to the outer black line but its normaly alot bigger than the target.

Since my last post +$102+$140+$240+$45+$168+$168
do u trade only with euraud and eurusd? why?
  • #1,298
  • Nov 26, 2008 1:22pm Nov 26, 2008 1:22pm
i have a question:
i've been using the sttrategy so far since the beging of the thread, and i havent lost, ive been making more than lossing, my question is;
If the 4 Hour gave a Sell signal, (sell signal is being at .81 and then moving one degree away from .81) and then you goto the hourly and its giving you a buy signal, could you take the Buy signal regardless?

thanks
And your mouth dropped
  • #1,299
  • Nov 26, 2008 1:31pm Nov 26, 2008 1:31pm
can someone please post most recent template+indicators?
  • #1,300
  • Nov 26, 2008 2:52pm Nov 26, 2008 2:52pm
here is a long signal I marked it with my own arrows as the COG has now moved on.

This long took 3 contracts as each COG line was hit

the result was

+$130 +$273+$312

I trade these 2 because I love EURUSD and EURAUD seems to give opposite signals I don't want to trade a pair of swaps that both gave me longs at the same time I like being short one and perhaps long the other
Attached Image (click to enlarge)
Click to Enlarge Name: long arrow.gif Size: 20 KB
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