Currently short 1 contract
TP has now been modified to match that of the Blue COG
TP has now been modified to match that of the Blue COG
Attached Image (click to enlarge)
My own developed benkyalate system
- #1,307
- Nov 26, 2008 4:40pm Nov 26, 2008 4:40pm
Oan wrote earlier, that before u enter a trade on smaller time frame 1h, 30m... you have to check the 4h signal. It means to me that you can't enter to a trade on 1h regardless to 4h signal or trend.
ok you need to decide the trend and signal in 4 hour frame then trade according to it in smaller frame so if it is sell in 4 hour fram you just enter sell positions according to entry in other time frams and vica versa.
any question i am avaliable.
attached is the last system.
my regards.
oan.
- #1,308
- Nov 26, 2008 4:41pm Nov 26, 2008 4:41pm
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...
- Where do you put your stop loss?
Long trade:
Under the solid regression line (yellow color in Obama template)
Short trade:
Above the solid regression line ( light blue color)
It is an emergency stoploss for:
- internet connection problems
- electricity power failures
Also for keeping your trading capital safe.
Consider also the use of a trailing stop on the TF 1M EURUSD.
-Do you only trade in the direction of the main trend on higher TF's?
No, see possible trades
The direction of the trend is determined on the Time frames 4h, 1h, 15M, 5M
For trading EURUSD with TF 1M:
The ema(55) on the chart with timeframe 1M indicates the direction of the trend. If the price is above the ema(55) the trend is up (uptrend) and if the price is below the ema(55) the trend is down ( downtrend). A new trend (uptrend or downtrend) is established when the price is going through the ema(55).
Possible trades:
1.Trading from the highest top to the middle blue center of gravity line.
2.Trading from the lowest bottom to the middle center of gravity line.
These are countertrend trades (against the trend).
3.ZigZag trading from the highest top to the lowest bottom (higher risk)
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?
For the Leoan and Obama template:
Sell:
Candle Average (orange) must be -0.81
Timer, green big dots with vertical blue lines must be + 0.81
Stochastic (8,3,3) %K crossing down through level 80
Buy:
Candle Average : +0.81
Timer, green big dots with vertical green lines: -0.81
Stochastic %K crossing up through level 20
The Candle Average is reversed in comparison to the other templates
Oan template, Godfather, Foregivme, Simple template ...
Trade well (without loss),
eTrader
- #1,309
- Nov 26, 2008 5:21pm Nov 26, 2008 5:21pm
Looks good dude,
So what are the rules for this last and final system?
Whats the oscilator for?
So what are the rules for this last and final system?
Whats the oscilator for?
hi traders i hope you are having good time with the system.
ok you need to decide the trend and signal in 4 hour frame then trade according to it in smaller frame so if it is sell in 4 hour fram you just enter sell positions according to entry in other time frams and vica versa.
any question i am avaliable.
attached is the last system.
my regards.
oan.
And your mouth dropped
- #1,310
- Nov 26, 2008 5:22pm Nov 26, 2008 5:22pm
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. Could you explain how you manage your indicators (system of points?)
The system of points is developed by our good friend Oan..., so he could tell you more about it. Only used in the first templates.
2. Do you put your stop on the CG or do you also use the SMA?
The stoploss is placed under the solid lower regression line for a long trade and above the solid upper regression line for an short trade.
Profit target is the middle CG line.
The ema(8), ema(21), ema(55) are not used in the original concept.
3. Does the time repaint?
It is a dynamic Polynomial Trading System.
Trade well,
eTrader
- #1,311
- Nov 26, 2008 7:23pm Nov 26, 2008 7:23pm
hi traders i hope you are having good time with the system.
ok you need to decide the trend and signal in 4 hour frame then trade according to it in smaller frame so if it is sell in 4 hour fram you just enter sell positions according to entry in other time frams and vica versa.
any question i am avaliable.
attached is the last system.
my regards.
oan.
so we can enter the trade at fib level, cog line and turbo jrsx signal?
it seems to be very rare combination
- #1,315
- Nov 27, 2008 3:37am Nov 27, 2008 3:37am
Could you tell (or give) your "arrow" and "x" indicators?
Thanks for the system, a few month i also had nice profits with CoG in 4 Hr TF
Regards
sentaco
hi traders i hope you are having good time with the system.
ok you need to decide the trend and signal in 4 hour frame then trade according to it in smaller frame so if it is sell in 4 hour fram you just enter sell positions according to entry in other time frams and vica versa.
any question i am avaliable.
attached is the last system.
my regards.
oan.