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My own developed benkyalate system

  • #1,361
  • Nov 29, 2008 11:26am Nov 29, 2008 11:26am
Please excuse my ignorance but I believe the COG indicator has been around for a long time.
It would apear that Oan has simply borrowed this indicator and has refined the timing of the entry with the candle average indicator.
So why is this system so wonderful? Am I missing something?
It seems to me that it will work well during the current ranging market conditions (and as such should be archived for present and future ranging markets) but should be used in only one direction during trending markets.
If not, then surely you are skirting with a complete wipe-out if you seek to pick the top of an upward trending market and vice versa.
Good trading to all

















































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  • #1,362
  • Nov 29, 2008 12:06pm Nov 29, 2008 12:06pm
Dave, I don't think you'll get any disagreements. When the market is trending heavily, this system will have difficulty. However, if you read through the thread, you'll find that oan has recommended that you trade in the direction of the trend, and don't take shorts when the overall direction is up, and vice versa. Even at that, the market never goes straight up, and there are opportunities for shorting even if the pair is trending up.
Quoting thedave
Please excuse my ignorance but I believe the COG indicator has been around for a long time.
It would apear that Oan has simply borrowed this indicator and has refined the timing of the entry with the candle average indicator.
So why is this system so wonderful? Am I missing something?
It seems to me that it will work well during the current ranging market conditions (and as such should be archived for present and future ranging markets) but should be used in only one direction during trending markets.
If not, then surely you are skirting with...
  • #1,363
  • Nov 29, 2008 12:11pm Nov 29, 2008 12:11pm
MTF Polynomial Trading System
Use Multiple Time Frame 4H,1H,M30,M15,M5,M1 to determine the direction of the price before entering a trade.

Center of Gravity with negative slope:
Short only from the upper regression band

Center of Gravity with positive slope:
Long only from the lower regression band
  • #1,364
  • Nov 29, 2008 12:22pm Nov 29, 2008 12:22pm
Polynomial Regression
The theory
http://www.statsdirect.com/help/regr...ation/poly.htm
  • #1,365
  • Nov 29, 2008 12:25pm Nov 29, 2008 12:25pm
The Arps Hurst Polynomial Regression Bands
http://www.janarps.com/catalog/produ...roducts_id=212
  • #1,366
  • Nov 29, 2008 12:31pm Nov 29, 2008 12:31pm
Arps Hurst Bands– Historic

http://www.esignalcentral.com/univer...arps/hurst.asp
  • #1,367
  • Nov 29, 2008 4:00pm Nov 29, 2008 4:00pm
Quoting eTrader
Your TDI is nothing else then the RSI(13).
You will get the same picture when you place the RSI(13) below the Traders Dynamic Index Visual ! The only difference are the levels 68 and 32 instead of the RSI levels 30 and 70.

The full TDI gives:
RSI Price line
Trade signal line
Volatility band
Market Base line

More information:
http://codebase.mql4.com/3357
http://codebase.mql4.com/source/7915
You are correct about the tdi and the 2 lines being nothing more than rsi. I use the whole tdi and some others do as well. I also use CCI WOODIES as an indicator but that would really confuse many traders what it is and how it is applied. I was showing an example of keeping your charts clean and simple. If someone chooses to use other indicators it is of personal choice. I am trying to stay in the context of Oan's system. Keep It Simple. It is a basic trading system that provides very nice results even for beginners.
  • #1,368
  • Nov 30, 2008 1:58am Nov 30, 2008 1:58am
Technique

The technique is relying on the movement to equilibrium (COUNTER-TREND Trading) looking for mean REVERSION.
Equilibrium = COG, the middle blue line.
  • #1,369
  • Nov 30, 2008 2:07am Nov 30, 2008 2:07am
Nth Order Polynomial Trading System

The Polynomial Trading System is based upon the use of an "Nth order Polynomial" regression as a tool to develop profitable trading systems.
The script fits a 4th order polynomial to the price data and can create a series of one-bar ahead prediction.

The system can be configured to generate alerts (sound and popup) and it will plot the buy/sell signals on the chart.

For speed reasons, the script makes calls to a DLL to perform the necessary polynomial calculations.
  • #1,370
  • Nov 30, 2008 10:41am Nov 30, 2008 10:41am
Quoting eTrader
Nth Order Polynomial Trading System

The Polynomial Trading System is based upon the use of an "Nth order Polynomial" regression as a tool to develop profitable trading systems.
The script fits a 4th order polynomial to the price data and can create a series of one-bar ahead prediction.

The system can be configured to generate alerts (sound and popup) and it will plot the buy/sell signals on the chart.

For speed reasons, the script makes calls to a DLL to perform the necessary polynomial calculations.
eTrader,
Many members have been wanting the system to provide just that. Alerts as to what the entry and exit should be. The links you provided were very good reading. Vq, Super Signals and a few indicators give signals. Your reply stated the entry is too late, so what is going to provide an earlier entry that will maximize pips and is not going to give too many false alarms..If what you are saying is that this system can provide this and the capability is already built in?? If so, How would one go about unlocking this??
  • #1,371
  • Nov 30, 2008 11:06am Nov 30, 2008 11:06am
If you trade OAN's system in the direction of the cog (trend) it's a winner in both trending and sideways markets. Don't put to many indicators on ur charts because it tends to confuse and u second guess yourself to death. I use a semi-martingale system and only in the direction of the cog, my #'s are .1, .15, .23, .34, .51, .77. 1,15. My TP is double my SL and I trade the daily and sometimes the 4hr. Trade according to OAN, which he has told me several times, only trade in the direction of the cog.
  • #1,372
  • Nov 30, 2008 11:17am Nov 30, 2008 11:17am
Quoting qz10cq
Yast you help all the time, thanks. Eur/jpy had a sideways market last week which is probably why I made 4200. Most of the time the markets are going sideways so this should win on average. I used your EA without changing anything, just attached it to the chart and let it run. Had alot of dd (300-500) but it always came back for a profit. Will play with your settings on inital stop and take profit. Makes sence about the 6 points for the buy. Will continue to test and update all.
Eur/jpy ( Yast EA ) opened no trades for me this last week.
  • #1,373
  • Nov 30, 2008 11:45am Nov 30, 2008 11:45am
Improvements

You can buy complete packages of Polynomial Trading systems and they have the following improvements:

The script fits a 4th order polynomial to the price data and can create a series of one-bar ahead prediction.

The system can be configured to generate alerts (sound and popup) and it will plot the buy/sell signals on the chart.

For speed reasons, the script makes calls to a DLL to perform the necessary polynomial calculations.
  • #1,374
  • Nov 30, 2008 1:49pm Nov 30, 2008 1:49pm
Quoting eTrader
Improvements

You can buy complete packages of Polynomial Trading systems and they have the following improvements:

The script fits a 4th order polynomial to the price data and can create a series of one-bar ahead prediction.

The system can be configured to generate alerts (sound and popup) and it will plot the buy/sell signals on the chart.

For speed reasons, the script makes calls to a DLL to perform the necessary polynomial calculations.
eTrader,
I looked to see what is available and all I see is someone wanting to sell a toolkit for 700 bucks. That's a lot of money for an indicator that quarantees really nothing more than what is being used so far.. Perhaps you could clarify this as you have knowledge about this...
  • #1,375
  • Nov 30, 2008 1:54pm Nov 30, 2008 1:54pm
I know that for myself and perhaps others that this is about trading a system and becoming a better trader and not buying another off the shelf system. There have been some very good results from Oan's system by various members including myself. I am always looking for improving my game but not to fatten someone's wallet that makes a living selling systems rather than making a living by trading... No offense to anyone...
  • #1,376
  • Nov 30, 2008 3:23pm Nov 30, 2008 3:23pm
Hello....I am looking at the 4hr Eur/Cad which has its COG beginning to straighten out as if the curving is about to head south. Should we still take a buy here? Thanks in advance.
  • #1,377
  • Nov 30, 2008 3:50pm Nov 30, 2008 3:50pm
Has anyone tried trading with the number of bars read on the cog settings changed to 150 instead of 560 like it currently is. According to eTrader's links, one of them says that the cog settings work best if they read back between 75-150 bars. Oan's template currently reads 560 bars back.

Anyone?
  • #1,378
  • Nov 30, 2008 8:46pm Nov 30, 2008 8:46pm
Hi guys!

I know that many people is uncomfortable with the repainting issue, so this is what I've been doing and its working wonders specially in the 4H TF.

Trading Oan's templates as a breakout:

- Place a buy entry 5 pips above the the high of the last bar with a red cross. (only if that bar is 6 or more periods before now)
- Place a sell entry 5 pips below the low of the last bar with a blue cross. (only if the bar is 6 or more periods before now)

For TP and SL use your own discretion I've been using a 40 pips Trailing SL.

Question:

Although I like this way of trading I would like to understand the signals, so I would appreciate If someone can tell me:

1. How to set the "Supersignals" in Metatrader.
2. How to know what are the settings of the supersignals used by Oan.

PS: I use either OAN, UIS1, UIS5 Templates, all show the "supersignals" red and blue crosses in the same place.

Thanx in advance!!

Regards!
Luis
  • #1,379
  • Nov 30, 2008 10:18pm Nov 30, 2008 10:18pm
Quoting Gryphon
A great indicator to use is double woodies cci. It is an incredible indicator but better for longer time frames.
Can you explain how you use Woodies CCI to confirm your decisions? Also, what timeframes do you trade on? Woodies CCI is usually used for 5min timeframes.
  • #1,380
  • Dec 1, 2008 12:41am Dec 1, 2008 12:41am
Please let me know.. Is that the good signal for going long in euro?
Attached Image (click to enlarge)
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