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My own developed benkyalate system

  • #1,381
  • Dec 1, 2008 2:06am Dec 1, 2008 2:06am
Quoting qz10cq
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.
The EURUSD today

Trade in the direction of the COG:

Daily: COG DOWN
H4: UP
H1: DOWN
M30: DOWN
M15: UP
M5: UP
M1: UP

So what will it be ?
  • #1,382
  • Dec 1, 2008 2:31am Dec 1, 2008 2:31am
To early for the TF 4H !
  • #1,383
  • Dec 1, 2008 2:48am Dec 1, 2008 2:48am
Quoting eTrader
To early for the TF 4H !

Please let me know the mistake? Is it the candle averages..?
  • #1,384
  • Dec 1, 2008 4:02am Dec 1, 2008 4:02am
Obama template with CandleAverage(4)

TF daily: Price and COG down
TF 4H : Price on support S1
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdH4Obama01122008-01.jpg Size: 657 KB
  • #1,385
  • Dec 1, 2008 4:09am Dec 1, 2008 4:09am
Long Trade EURUSD TF 5M Date 01/12/2008
Another example
COG with positive slope
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdM5Obama01122008-01.jpg Size: 539 KB
  • #1,386
  • Dec 1, 2008 4:37am Dec 1, 2008 4:37am
Time for lunch
  • #1,387
  • Edited 7:00am Dec 1, 2008 5:29am | Edited 7:00am
Quoting eTrader
The EURUSD today

Trade in the direction of the COG:

Daily: COG DOWN
H4: UP
H1: DOWN
M30: DOWN
M15: UP
M5: UP
M1: UP

So what will it be ?
The trend would be down (daily) and I would be waiting for the 4hr to agree. How many times do you think you will get all 7 tf to agree? This is kind of what I'm talking about second guessing yourself to death. If you want MTF then pick 2 when they agree go for it. When I have to many indicators on my charts it's to hard for me to pull the trigger. I only use one TF and it's been working for me. I know you have been successful using your system eT so quit listening to me. The best to you and thanks for adding to this thread.
  • #1,388
  • Dec 1, 2008 7:31am Dec 1, 2008 7:31am
Here's a trend indicator that keeps my charts clean and adding the cog gives me a trigger when it aligns with the trend. 10080 = week, 1440 = day and of course 240 = 4hr. All the indicators are adjustable.
Attached Image
Attached File(s)
File Type: ex4 #Signal_Bars_v7.ex4   43 KB | 608 downloads
  • #1,389
  • Dec 1, 2008 8:50am Dec 1, 2008 8:50am
what is the function of candle average?tel me how you use it. the candle average sent to me differs from the one you have been posted.
  • #1,390
  • Dec 1, 2008 9:05am Dec 1, 2008 9:05am
Quoting dimitrius
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?
The Obama template:
bars_back = 123
  • #1,391
  • Dec 1, 2008 9:29am Dec 1, 2008 9:29am
Quoting tope oyewole
what is the function of candle average?tel me how you use it. the candle average sent to me differs from the one you have been posted.
Here you can find it:
Candle Average
  • #1,392
  • Dec 1, 2008 9:47am Dec 1, 2008 9:47am
Quoting tope oyewole
what is the function of candle average?tel me how you use it. the candle average sent to me differs from the one you have been posted.
It depends on the template that you use:
Oan, Uis1, Uis5, PO1, PO2, Godfather, Foregivme (Normal CandleAverage)
LEOAN (CandleAverage reversed !),
Simpel (Normal CandleAverage)
Obama (CandleAverage reversed !),
Orabi (CandleAverage reversed !).

Normal CandleAverage:
The magnitude or amplitude of the candleAverage must be + 0.81 (SELL) and -0.81 (BUY)
CandleAverage Reversed:
The magnitude of the candleAverage must be -0.81 (SELL) and +0.81 (BUY)

Timer:
Magnitude must be: -0.81 (BUY)
Magnitude must be: +0.81 (SELL)

I suggest also to study the thread from the beginning.
  • #1,393
  • Dec 1, 2008 9:51am Dec 1, 2008 9:51am
pls can any body attach COG indicator to my email addrs temmy_06"yahoo.com
  • #1,394
  • Dec 1, 2008 10:21am Dec 1, 2008 10:21am
Quoting qz10cq
Here's a trend indicator that keeps my charts clean and adding the cog gives me a trigger when it aligns with the trend. 10080 = week, 1440 = day and of course 240 = 4hr. All the indicators are adjustable.
Thanks for the indicator (and the link on your template)
  • #1,395
  • Edited 6:57pm Dec 1, 2008 6:43pm | Edited 6:57pm
you have to be pretty clued up; using a basket of pairs to properly mitigate the risk from a Martingale system. Some can do that; overwhelmingly, most fail: doubling-up creates a bigger and bigger axe and when that axe falls it hurts!
Stick with your own system (EOD); YOU'LL GET PLENTY RICH FROM THAT.

Quoting Paulus
I have done some searches on google without much success on the martingale staking plan..I can find loads relating to betting but not alot about trading this plan on money markets

can any one point me to some good articles or links

cheers

Paulus
  • #1,396
  • Dec 1, 2008 7:35pm Dec 1, 2008 7:35pm
Quoting Paulus
I have done some searches on google without much success on the martingale staking plan..I can find loads relating to betting but not alot about trading this plan on money markets

can any one point me to some good articles or links

cheers

Paulus
Paulus, I thought I read this whole thread but I missed your request. I use a semi-martingale system with Oan's method and it works good. Here's a link and can provide more if you want.
http://www.forexfactory.com/showthread.php?t=75394
  • #1,397
  • Dec 2, 2008 4:28am Dec 2, 2008 4:28am
Quoting Paulus
closed 2 contract +$163+$52
Hi Paulus,

Are you still trading this system on the 1 min TF? Have you got stopped on any trade? the 1min TF works great but when getting stopped it hurts lot as the stop is loss is big, how do you or can you handle that?

Cheers,

Way2Freedom
  • #1,398
  • Dec 2, 2008 5:55am Dec 2, 2008 5:55am
Long Trade EURUSD Obama TF M15 Date 01/12/2008

An example of a zigzag trade from the buy zone to the sell zone.
Time frame = 15M
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd15MObama02112008-01.jpg Size: 558 KB
  • #1,399
  • Dec 2, 2008 7:07am Dec 2, 2008 7:07am
http://img45.imagevenue.com/loc1120/...122_1120lo.JPG

didn't wait for candle to close. but i zoomed into 1min tf to confirm the retrace. thats why i entered earlier. stochs indicate long, all signals indicate long.

entered with 0.2 lot. tp is at center line. sl is 20% of my total account size which is about 300 pips. somewhere near the lower band.

now all i have to do is wait.
  • #1,400
  • Edited 2:40pm Dec 2, 2008 7:26am | Edited 2:40pm
Belkhayate Indicator

The indicator is based on the concept of the Center of Gravity. It permits to see very easy two important data.

1. When the center of gravity is red (blue) then the trend of the market is bearish (bullish).

2. The two regression bands together with the center of gravity are indicating the volatility of the market on each moment.

Rule 1:
Never buy when the COG is RED and never SELL when the COG is BLUE.
Rule 2:
Allways wait until the 2 regression bands are approching or comming close together before you enter the market , because the probability of a market reversal is important.

Signals:
1.COG = BLUE (RED)
2 Regression lines close together
Breakout, it indicates a strong bullish (bearish) probability with high potential.
Two signals at the same time are indicating an excellent timing for buying (selling).

Belkhayate Barrycenter
This indicator is using a formula (regression polynomial non paramétrique) for calculating the center of gravity of a market movement (blue line) and 3 regression bands above (red) and below (green) the center line.
The amplitude of the bands are allways proportional with the number 1.618

All the financial markets are oscillating around their center of gravity.
The blue center line represents the dynamic center of gravity and indicates the direction of the market. The extreme red and green lines are indicating the amplitude of the market or the volatility. These extreme lines are very important for taking buy or sell decisions. The probability that the market is returning to the center of gravity is 90%.
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