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My own developed benkyalate system

  • #1,581
  • Dec 9, 2008 8:14am Dec 9, 2008 8:14am
Quoting oan4fx
the best period is one month it is 123 bar backs .
Thanks Oan: I thought that this "123" is not set for its prettiness. I should find it out by division by 6
What about COG m parameter (polynominal curve's degree)? Oan uses 2, DeadSoul - 4, I tried 3 and it was looking quite good with 123 period...
  • #1,582
  • Dec 9, 2008 10:36am Dec 9, 2008 10:36am
Thanks Oan and Deadsoul for your systems...it's the best...If we follow the rules it works really well...

One question though; what do you guys feel is the best settings for COG...??? I'm not a big fan of martingale especially when price is going against me...that's why I'm trying to get the best COG settings...pls help...
  • #1,583
  • Dec 9, 2008 10:46am Dec 9, 2008 10:46am
So if I set the Deadsoul's or Oan's template to 123 bars, the the system would be more accurate and drawdowns would be smaller? I'm talking in a 4 hour period. Regards
  • #1,584
  • Dec 9, 2008 11:25am Dec 9, 2008 11:25am
Quoting Pipologist99
Salam Fx Snipper and Eid Mubarak,
please explain your exit based on indicators in detail. I would appreciate it.

Thanks very much..
Salam Pepo & Eid mubarak,

First, it's not my system. It's Oan's then a group of brothers who shared their ideas. So I'm just trading it.

The other ind in the middle is FX fish and you'll find it a few pages back or click on the clip beside the thread name to see a list of attachments in this thread.

As for the exit, I already explained it a few pages back and once again I can't explain it to you because you need to monitor the price action & I don't depend on the indicators. But you have two options for the time being:
1)TP: 50-100pips and don't be greedy.
2) Get out when you see a signal on a smaller time frame.

That's it and by time you'll develop your decisions, just learn it on demo first.

Salam
Sniffing Snake's Tracks...
  • #1,585
  • Dec 9, 2008 11:53am Dec 9, 2008 11:53am
[quote=thelws;2406050]1)

2)Rule of thumb is to trade with the trend. If you trade against the trend, you are taking a risk. Unless you trust yourself very much, I suggest you trade with the trend. Then you might ask which is the most "accurate" trend? The answer is the 4 hour time frame. So if 4h cog is going up but the 1h cog is going down, I would be cautious.

Isn't this system more of a counter trend system? If you're looking at one hour chart and get a signal to sell, almost always that's going against the trend, and the system is telling you that the pair overbought. Just as one example below, the EUR/GBP shows a strong sell, but this is against all time frames from one minute up to the daily, which show strong buys. In other words, buy when people are selling and sell when people are buying. So, I'm confused with your remarks.
Attached Image (click to enlarge)
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  • #1,586
  • Dec 9, 2008 2:07pm Dec 9, 2008 2:07pm
Quoting paradoxical

Isn't this system more of a counter trend system? If you're looking at one hour chart and get a signal to sell, almost always that's going against the trend, and the system is telling you that the pair overbought. Just as one example below, the EUR/GBP shows a strong sell, but this is against all time frames from one minute up to the daily, which show strong buys. In other words, buy when people are selling and sell when people are buying. So, I'm confused with your remarks.
Don't confuse yourself too much lol. Maybe an example will make things clearer.

Eg: 4h chart is downtrending. 1hour chart signals a sell, I enter the trade.
4h chart is dwontrending. 1hour chart signals buy, I don't enter the trade.

Hope that clarifies some things.

PS: that is the general rule of thumb. If you trust your abilities, you are always welcome to trade against the trend. Just be sure you know what you are doing.
  • #1,587
  • Dec 9, 2008 2:10pm Dec 9, 2008 2:10pm
Quoting oan4fx
the best period is one month it is 123 bar backs .
Please send me the candele average 3 indicator
  • #1,588
  • Dec 9, 2008 2:21pm Dec 9, 2008 2:21pm
Please send me the candele average 3 indicator.
Ty
  • #1,589
  • Dec 9, 2008 2:23pm Dec 9, 2008 2:23pm
Quoting gav
Please send me the candele average 3 indicator.
Ty
catch if you can.....
Attached File(s)
File Type: mq4 CandleAverage_v3.mq4   3 KB | 774 downloads
  • #1,590
  • Dec 9, 2008 2:26pm Dec 9, 2008 2:26pm
Quoting deadsoul
catch if you can.....
Thank you Deadsoul
  • #1,591
  • Dec 9, 2008 2:48pm Dec 9, 2008 2:48pm
do I need to change the data , because it doesn't look like in post
416
  • #1,592
  • Dec 9, 2008 4:07pm Dec 9, 2008 4:07pm
Quoting gav
do I need to change the data , because it doesn't look like in post
416
use one of Oanfx templates...
they can be found in the first post..
  • #1,593
  • Dec 9, 2008 4:18pm Dec 9, 2008 4:18pm
still testing Japanese....
Attached Image (click to enlarge)
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  • #1,594
  • Dec 9, 2008 5:09pm Dec 9, 2008 5:09pm
Quoting deadsoul
still testing Japanese....
Deadsoul, are you playing on M15 now? Would you suggest to use M15 over H1 and H4? Smaller profits but more trades, right?
  • #1,595
  • Dec 9, 2008 5:18pm Dec 9, 2008 5:18pm
Hmmm just finished up reading all the posts in one go.

so my story....

After reading the first few posts was excited enough to found the holy grail infect something near to holy grail so like was smoking in joy

but as i advanced further things started getting fussy with new templates with new settings and indicators so smoked it all to d brain.

and yeah with guys dropping by with such kinda harsh words did me in the head as i guess if one cannot positively criticize KEEPING THE MOUTH SHUT is the good option...so They made me smoke 4 5 extra fags i guess ahhh could have saved them for demoing the strategy

Anyways back to the Thread Journey..while reading i kept on downloading everything i come across and by the time i am done i really dont have no clue where to start.


so direct me guys as im Lost big time.

Thanks Oan and everybody else for putting up the stuffs.

btw Happy Belated Eid to everybody.


Happy Pippin
  • #1,596
  • Dec 10, 2008 12:26am Dec 10, 2008 12:26am
Yes this is a great system and if we keep things organized and simple we can all learn a great deal with this system.

Guys please don't just drop by with the intention of dropping a big stinking turd on everybody. If you don't got nothin nice to say, keep that turd hole shut. Thank you.
  • #1,597
  • Dec 10, 2008 12:58am Dec 10, 2008 12:58am
FX Snipper,
This is in response to the screenshot of EURUSD, H4 you posted earlier. Now I downlaoded the candle average indicator, but when I apply it to the deadsoul template, it appears as the blue indicator you see on the attached screenshot. BUT, I want the candle average indicator you have with yellow and in other templates with light blue lines. However when I apply the "paulus" template to a chart, surprisingly that light blue candle average indicator shows up. I don't know what the hell to do, I want to use your template can you please post your exact indicators and template you are using, I apologize and I don't mean to be a total pain the ass. I am attaching a screen shot and as you can see I had bad entry points on those charts. Now in case of AUDUSD and the strongg upward trend, do you not take ANY sell signals on the 4H as longa s it's pointed strongly up???

Also from what you explained about your exit strategy, it seems that you use the 1H time frame to time your exit, is that correct?? Thanks for your help in advance and please post your indicators and template...
Attached Image (click to enlarge)
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  • #1,598
  • Dec 10, 2008 2:21am Dec 10, 2008 2:21am
Quoting deadsoul
use one of Oanfx templates...
they can be found in the first post..
Sorry , can't open it. Can you send it one by one?
Thank's
  • #1,599
  • Dec 10, 2008 2:39am Dec 10, 2008 2:39am
Quoting Pipologist99
Yes this is a great system and if we keep things organized and simple we can all learn a great deal with this system.

Guys please don't just drop by with the intention of dropping a big stinking turd on everybody. If you don't got nothin nice to say, keep that turd hole shut. Thank you.

I guess you need to refine your crystal balls to make some sense in here hope it will refrain you from showing attitude and make you understand if someone just dropped by or it was you castrating ya head down for nothing.

and lyk if u aint got nothing positive to put down its always good to SHUT YA MOUTH..


Hope it helps.

Thanks
  • #1,600
  • Dec 10, 2008 3:02am Dec 10, 2008 3:02am
Quoting Pipologist99
FX Snipper,
Thanks for your help in advance and please post your indicators and template...
Hi Pipo,

No worries, the temp & indis are attached. I don't give any attention to the direction of the COG lines but I follow the price direction on 4H and would exit on 1H, simple & easy.
If you wanna take it further advanced, I enter in the 1H if there's a signal & it's in the opposite direction of 4H and TP @ 50pip. Confused!!
Don't worry, you'll figure it out when you practice on demo. Later on you'll do more than just that and you'll take an advantage of the price movement in both directions by discovering the law of attraction in this system.

Have a nice day

P.S. I failed to attach everything as it doesn't accept ".rar", so just add the below to the last indicators posted by Oan and it'll work when you use the template.
Attached File(s)
File Type: tpl sniffer.tpl   12 KB | 944 downloads
File Type: mq4 FX Fish.mq4   4 KB | 916 downloads
File Type: ex4 _____ABHA CENTER TIMING SIGNAL AVG.ex4   10 KB | 1,057 downloads
Sniffing Snake's Tracks...
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