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My own developed benkyalate system

  • #1,501
  • Dec 6, 2008 10:29am Dec 6, 2008 10:29am
Quoting way2Freedom
Salam FX Sniffer,

I checked out he indicator and the colors are pretty similar to the ZZ indicator.

I have seen your outstanding results. How do you handle your stop loss, as based the original stops they seem to be fixed number of pips. Can you please share what are your stopp loss rules?

Cheers,
Salam way2freedom,
It's not always similar to the ZZ, check the below snapshot. If you want to minimize the drawback then you better wait until it confirms it, but you'll waste some good pips. Therefor, if your account is big enough and with a good money/risk management you can average your positions every drawback as instructed before by Oan.

My SL rules has nothing to do with the indicators, and it's really hard for me to answer your question regarding my SL rules in a 1..2...3 rules. There are a lot of factors involved, and it's related to money management, classical/fundamental analysis, currency correlation, etc.

However, as Deadsoul mentioned before, try to be a sniper and some times you might close a losing position for a more profitable chance.By time you'll creat your own rules.

Hope I helped in a way.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: fxfish.png Size: 6 KB
Sniffing Snake's Tracks...
  • #1,502
  • Dec 6, 2008 10:49am Dec 6, 2008 10:49am
Quoting Leomeister
Very simple and elegant FX_Pippin. The adjusted colors are easy to view. Is the lower double line a stochastic?
Yes , I use to confirm my entry.
  • #1,503
  • Dec 6, 2008 1:28pm Dec 6, 2008 1:28pm
Quoting Paulus
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
What system are you using? Looks very good.
Ta
  • #1,504
  • Dec 6, 2008 2:03pm Dec 6, 2008 2:03pm
Quoting Brimm
I use the 16/2/0 Bollingers for an exit. When price leaves the bollinger band and closes inside of it, I exit. Sometimes I have to re-enter if it continues, but mostly it is a good conservative exit. Hope this helps....kind regards.

Just read your remarks on how you use the Bollinger Band.

Installed it and like what I see, will try it the coming week.

Thanks
  • #1,505
  • Dec 6, 2008 3:04pm Dec 6, 2008 3:04pm
Hi guys

Ive been using this method with some mixed results as I dont have the balls to put 100-200 pip stop losses.

However I wanted to ask a general question...

Has any one experienced problems when market is in a trend mode?

cheers
  • #1,506
  • Dec 6, 2008 3:37pm Dec 6, 2008 3:37pm
Quoting dfxclub
Hi guys

Ive been using this method with some mixed results as I dont have the balls to put 100-200 pip stop losses.

However I wanted to ask a general question...

Has any one experienced problems when market is in a trend mode?

cheers
Not yet, but i hope markets won't make exact 45 degree up or down trend
  • #1,507
  • Dec 6, 2008 4:27pm Dec 6, 2008 4:27pm
Quoting dfxclub
Hi guys

Ive been using this method with some mixed results as I dont have the balls to put 100-200 pip stop losses.

However I wanted to ask a general question...

Has any one experienced problems when market is in a trend mode?

cheers
which is why people always say paper trade first srsly everyone should paper trade for at least a month to learn a new strategy before deciding if it is suitable for them or not.
  • #1,508
  • Dec 7, 2008 5:41am Dec 7, 2008 5:41am
Quoting deadsoul
well..number three is just an extra visual sign for price might reverse ...
but when you have the zz window and ABHA timing indicator signs while the price is touching the doted lines then i wait for the close of that candle ..
at this time the conditions are so perfect to enter even if the price gos high a Little but it always come back toward you...
[size=5][color=red]for stop loose and take profit i recommend 50 /50 which is...

Deadsoul, again thanks for sharing this system.
I see many ways to enter the market and from looking at it, if we wait for the ZZ to move in our direction AND green/red vertical line to appear in ABHA, sometimes we would miss a great move. Do you recommend to stay out of the market if they don't appear together to avoid a fakeout?

The other thing I noticed is 3 kinds of price reversals; orange dot signals minor reversals (better to not initiate new position, correct??), purple dots for semi-strong reversals and yellow (3) dots for big monstrous barbaric reversals!

Do you recommend to enter if a purple dot appears along with ZZ reversal or do you always wait for the ABHA to also confirm signal? I guess what I am asking is, WHEN should I NOT enter a position based on above confirmation signals...

Also one final question: After the bar closes and a dot appears on it and ZZ indicator paints, and ABHA shows a green/red line, if price then goes against the signal on the next immediate bar, does the signal on the previous bar REPAINT? Let me just tell you that if it doesn't repaint then this system might just be the holy grail after all..!

P.S. Assalam-o-Alaikum!!!!
  • #1,509
  • Dec 7, 2008 6:38am Dec 7, 2008 6:38am
Quoting Fx_Pipin
The new Orabi TPL
how can i have the candle average(4) with the yellow color in 1 indi . i like to add on it snake force
  • #1,510
  • Dec 7, 2008 6:45am Dec 7, 2008 6:45am
Quoting Pipologist99
Deadsoul, again thanks for sharing this system.
I see many ways to enter the market and from looking at it, if we wait for the ZZ to move in our direction AND green/red vertical line to appear in ABHA, sometimes we would miss a great move. Do you recommend to stay out of the market if they don't appear together to avoid a fakeout?

The other thing I noticed is 3 kinds of price reversals; orange dot signals minor reversals (better to not initiate new position, correct??), purple dots for semi-strong reversals and yellow (3) dots for big monstrous...
in this system we are trying to reach the ultimate no loose system which all the credit gos to OAN FX ABU oRaBI who make this dream come true..
at least in this system you are 100% sure you buying for the lowest point and selling from the highest one even the price some times will go higher or lower but be sure it will go back to that point and you can break even if you didn't win some pips..
so i don't recommend to use it in small time frams in uk and us period ..
and for the signs will not appears avoiding 100 loosing positions better than just entering for sake of doin it ...
one last thing my way must be defrant of your way coz the brockers plateform is defrant time is defrant and the shape of candles might be defrant so you have to demo it tell you find the keys and am sure every body will find them... and by time you will form your own rolls that you trust..
so bractes tell you reach the goul we are looking for ..
have anice day.
  • #1,511
  • Dec 7, 2008 7:05am Dec 7, 2008 7:05am
for people who like to scalp also its ok with paulus template on one minute time frame he made a great success if you like to find all his posts earlier in this thread and here is the link to his template

http://www.forexfactory.com/showpost...postcount=1279
  • #1,512
  • Dec 7, 2008 7:31am Dec 7, 2008 7:31am
Quoting avi
how can i have the candle average(4) with the yellow color in 1 indi . i like to add on it snake force
for #oo zz window... try 20-3-3 iys the best no.
  • #1,513
  • Dec 7, 2008 9:35am Dec 7, 2008 9:35am
Does the ABHA TIMING SIGNAL REPAINT
  • #1,514
  • Dec 7, 2008 1:59pm Dec 7, 2008 1:59pm
Quoting ukcool
Does the ABHA TIMING SIGNAL REPAINT
sometime yes
  • #1,515
  • Dec 7, 2008 2:34pm Dec 7, 2008 2:34pm
Quoting avi
for #oo zz window... try 20-3-3 iys the best no.
will help please help .#loozz window use fexsoni system ,orginal indi is zzp. but ineed candle average(4)with the yellow color .i
need to change and add some indi thanx
  • #1,516
  • Edited 3:34pm Dec 7, 2008 3:24pm | Edited 3:34pm
Quoting avi
sometime yes
what do you meant sometime? how many bars it repaint?

what about fxfish, is it repaint too?
thx.
  • #1,517
  • Dec 7, 2008 4:21pm Dec 7, 2008 4:21pm
[quote=kikiq;2401934]what do you meant sometime? how many bars it repaint?

what about fxfish, is it repaint too?its better! use indi #oo zzwindow..priod 20,3,3.abh move up or down evry time if its higher or down
  • #1,518
  • Dec 7, 2008 4:27pm Dec 7, 2008 4:27pm
Quoting avi
will help please help .#loozz window use fexsoni system ,orginal indi is zzp. but ineed candle average(4)with the yellow color .i
need to change and add some indi thanx
need indi candle average(4)with the yellow color only towork on it thanx
  • #1,519
  • Dec 7, 2008 4:29pm Dec 7, 2008 4:29pm
Quoting ninpojutsu
woooowwwww
Hi ...my program is closing when trying to open this Template (ABHA) ...can any post it again ....do any one have same problem ....Regards
  • #1,520
  • Dec 7, 2008 5:07pm Dec 7, 2008 5:07pm
Quoting Moe2008
Hi ...my program is closing when trying to open this Template (ABHA) ...can any post it again ....do any one have same problem ....Regards
go to post 1472 its the same
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