Attachments: My own developed benkyalate system

My own developed benkyalate system

#1,441
Dec 4, 2008 5:06am Dec 4, 2008 5:06am

dimitrius
| Joined Jun 2008 | Status: Trader | 310 Posts

Quoting nqtraderman

Disliked

Hi guys,
I always thought that Martingale was a sure fire way to loose your account. But it appears that some people are using it with this system.

Can someone explain how to use it so it doesn't blow your account.

thanks

Ignored

i don't use it. It's too dangerous for the longer term. Just stick to what youre comfortable with. take profits regularly.

#1,442
Dec 4, 2008 5:19am Dec 4, 2008 5:19am

eTrader
Joined Jun 2008 | Status: Trader EURUSD | 435 Posts

SuperSignal v3d

Attached File(s)

Super Signal v3d.mq4 4 KB | 3,627 downloads

#1,443
Dec 4, 2008 5:22am Dec 4, 2008 5:22am

fredifly
| Joined Jul 2008 | Status: Trader | 20 Posts

Thanks etrader

#1,444
Dec 4, 2008 7:32am Dec 4, 2008 7:32am

lld2308
| Joined Nov 2008 | Status: Trader | 2 Posts

Quoting deadsoul

Disliked

use it in 1 or 4 hours time frame ..
you just don't know what have ..
its the heart of forex if you really use it will try it on demo tell you catch the idea...then go for hunting..

Ignored

thank you.
I ll do it.

#1,445
Dec 4, 2008 8:49am Dec 4, 2008 8:49am

vincentlim
| Joined Sep 2008 | Status: Trader | 33 Posts

Quoting nqtraderman

Disliked

Hi guys,
I always thought that Martingale was a sure fire way to loose your account. But it appears that some people are using it with this system.

Can someone explain how to use it so it doesn't blow your account.

thanks

Ignored

Hi,

You can try this method. I am using the godfather2 template.
You still have to strictly follow the rule cause things may turn ugly.

When the price fall into the green or red dotted line. (if it is trending strongly in one particular direction. If it is oscillates or sideways. i wait for the 3 candleaverage condition). I buy/sell a mini lot of 0.05. If it fall/rise up another 50pips. I buy/sell another mini lot at 0.05.
If it now fall/rise up another 40 pips. I but/sell another mini lot at 0.1. Vice versa after another 40pips fall/rise. I bull/sell another lot at 0.1.

So far, every attempt is only with 3 trades. The 4 trade is always on limit buy/sell and hasnt been trigger. So far all attempt gives me about 60-70 dollars. I may considered stepping up to start with 0.1.

Initially, i did try with 1 lot. However, the drawdown is up to $400.
Which i may not so comfortable if i start depositing 5K for live. And that is why i practise starting with 0.05. I probably want to demo somemore to see
what is the biggest drawdown.

If you really want to martingale. I suggest you to trade at solid line. But you probably had very less less trade then.

regards

vincent

#1,446
Dec 4, 2008 9:47am Dec 4, 2008 9:47am

golden1
| Joined Aug 2008 | Status: Trader | 724 Posts

Where can I get the EA for this system? Please help and anyone using it, any settings you recommend tweaking from the default?

Thank you!!

Brian

#1,447
Edited 11:19am Dec 4, 2008 10:14am | Edited 11:19am

Paulus
Joined Dec 2007 | Status: Trader | 2,600 Posts

still on 1min started with 5k demo now 13k

havnt lost a trade for the last 40 or so...no stop always comes back to middle 'mean' line

latest below

Paulus

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#1,448
Dec 4, 2008 10:38am Dec 4, 2008 10:38am

PIPer
| Joined Oct 2007 | Status: Trader | 74 Posts

Quoting Paulus

Disliked

still on 1min started with 5k demo now 13k

havnt lost a trade for the last 40 or so...no stop always comes back to middle 'mean' line

latest below

Paulus

Ignored

No stops? What if the market is trending strongly and going against you? How do you avoid this?

Paulus can you post your "time left on current candle" indicator.

Thanks

Stay on the PIPest side of life!

#1,449
Dec 4, 2008 10:42am Dec 4, 2008 10:42am

Brimm
| Joined Oct 2007 | Status: Trader | 66 Posts

Great to hear Paulus! I am still fumbling with the 15 minute but maybe your results will get me down to the 1 minute charts. This is like a dynamic andrews pitchfork, so even if you are wrong in your trade, there is a good chance of at least breaking even.
Golden 1 the ea is great until things turn around. It would be nice if someone knew how to adjust settings to prevent wiping out when that happens. But it works great on the way. Kind regards.....

Attached File(s)

benkyalate(Major).mq4 15 KB | 884 downloads

#1,450
Dec 4, 2008 11:25am Dec 4, 2008 11:25am

vnathwani
| Joined Apr 2008 | Status: Trader | 63 Posts

Quoting Brimm

Disliked

Great to hear Paulus! I am still fumbling with the 15 minute but maybe your results will get me down to the 1 minute charts. This is like a dynamic andrews pitchfork, so even if you are wrong in your trade, there is a good chance of at least breaking even.
Golden 1 the ea is great until things turn around. It would be nice if someone knew how to adjust settings to prevent wiping out when that happens. But it works great on the way. Kind regards.....

Ignored

I have this EA on and its currently going through a bit of a drawdown on GBPUSD. But I am not worried yet. Can hardly judge an EA after 1 week

In terms of account wipeout/martingale etc, has anyone had a wipeout of their account using this EA or has it performed consistently?

Would be good to hear feedback on experiences
Regards
Vimal

#1,451
Dec 4, 2008 3:01pm Dec 4, 2008 3:01pm

golden1
| Joined Aug 2008 | Status: Trader | 724 Posts

Which template are you using? I have the Orabi. Can you post yours if different with indi's or show where I can find? I greatly appreciate it.

And you are using the 1M, I like that alot.. do you have an alert
on your template? Watching a few charts could make you frantic
any kind of alert to know to check a chart for a setup
possible?

thanks everyone, this is a great thread.

Brian

#1,452
Dec 4, 2008 3:18pm Dec 4, 2008 3:18pm

way2Freedom
| Joined Oct 2008 | Status: Trader | 32 Posts

Quoting Paulus

Disliked

still on 1min started with 5k demo now 13k

havnt lost a trade for the last 40 or so...no stop always comes back to middle 'mean' line

latest below

Paulus

Ignored

Hi,

I tried to follow your "myoan" template for 1min TF with your rules but I hadsome big losses that blowed up all the gains. I must have done something wrong as sometimes the price goes against my trade, I increase the lot and and I end up having 3 lossing trades.

Can you please re-explain the rules , pictures of your trade will be of great help.

Thanks in advance

#1,453
Dec 4, 2008 3:32pm Dec 4, 2008 3:32pm

golden1
| Joined Aug 2008 | Status: Trader | 724 Posts

And since I am checking out templates..wow so far I really like your template deadsoul. If you have your rules posted already, please direct me to the post! Otherwise I just want to ask is it basically as direct as
1. Follow direction of Cog
2. when you get a 3 Z signal and a ABHA signal at the exact same time
on 1 hr or 4h charts, if its following cog, then enter?
waiting till closed candle on the alert candle and open position
beginning of next candle?

Oh and being on the extreme of the cogs.. ie bottom full line for a long, top full line for a short??

Thanks for feedback and help!

Brian

#1,454
Dec 4, 2008 3:50pm Dec 4, 2008 3:50pm

toob
| Joined Dec 2008 | Status: Trader | 84 Posts

Hi, I have never seen better trading systems than these. Much respect!

How do you guys handle repainting?...it really annoys me! When should i buy/sell?

Regards

#1,455
Dec 4, 2008 4:43pm Dec 4, 2008 4:43pm

Rucks
| Joined Dec 2008 | Status: Trader | 18 Posts

Can someone help me please the file ___ABHA CENTER TIMING SIGNAL AVG from the FINAL system keep closing my meta-trader down maybe the one i have is damaged or it wasn't decoded properly so could someone post the final system again or the ___ABHA indicator it would be greatly appreciated.

#1,456
Dec 4, 2008 4:59pm Dec 4, 2008 4:59pm