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My own developed benkyalate system

  • #1,621
  • Dec 11, 2008 7:16am Dec 11, 2008 7:16am
Good Job Oan,

I believe that this it is most simple and the best system.

Have a nice time
Trade only what i see
  • #1,622
  • Dec 11, 2008 7:28am Dec 11, 2008 7:28am
i found a sort of different COG on the arabictrader forum. i dont know if its against rules to post the indicator and template considering i take no credit for it? And i honestly havnt been through all the posts, so im not 100% sure if its been posted up or not.
Attached Image
  • #1,623
  • Dec 11, 2008 7:33am Dec 11, 2008 7:33am
Quoting robkaq2
I'm getting crazy about this 1h and 4h trend checking.

If I use deadsoul template on 1h, usd/jpy then TRACK-TREND tells me that 1H and 4H is down.
But
The 4h COG is UP.
And on 1H there is BUY signal.

So what is the trend?
TrackTrend or COG on 4h?
To many indicators on a chart makes it harder to trade. When the 1hr cog agrees with the 4hr cog trade it. I usually trade the high/low of the candle that hit the outer lines for my entry and keep adjusting my entry according to what price is doing. If price is going down and both cogs say buy then follow the last candle's high as your entry and keep adjusting your buy until your in the trade. Try to keep it simple, at least thats what I do and I find I'm less crazy when trading. This little system with my semi-martingale has not lost for me yet.
  • #1,624
  • Dec 11, 2008 7:33am Dec 11, 2008 7:33am
sorry heres the GIF format of the screenshot. i guess i like this one more becuase it doesnts repaint as much, and the cog lines are running parallel with eachother, so its basically never curvy
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy15.GIF Size: 24 KB
  • #1,625
  • Dec 11, 2008 7:42am Dec 11, 2008 7:42am
You can get very good resoults from both systems, Oan's and Deadsol's. My advice to ya'll is to keep an eye on the TrackTrend, and that's all you need. TrackTrend and one of templates posted is the "holy package"

I made a lot of money with Oan's system Obama...so Oan, thank you VERY much!

I've been testing Deadsol's template and got a lot of money...so thanks to Deadsoul too!

Ya are the best!!

I have tested Deadsoul's template...Live...this week, from monday till today. The max drawdown was about 100pips.
I could have made around 300pips, but I have made 3 times that, so around 1000pips...yes, with martingale. I opened a position every 50 pips, with stoploss around 250-300pips. I agree, that was tooooo risky.
I have made 100% profit this week.

I've been testing the tamplates in demo till I got use to it, till I got confident with a template and my style. So you better listen to Oan and Deadsoul about testing it in demo first.

Many pips to all,

regards
  • #1,626
  • Dec 11, 2008 7:53am Dec 11, 2008 7:53am
Quoting toob
TrackTrend and one of templates posted is the "holy package"
Nice results. How do you use tracktrend on 1h? Do you check 4h trend when trade?
  • #1,627
  • Dec 11, 2008 7:55am Dec 11, 2008 7:55am
Quoting qz10cq
To many indicators on a chart makes it harder to trade....
It means that if the 1h and 4h cog lines are up, then buy and when down sell?
Seems really simple.
  • #1,628
  • Dec 11, 2008 8:17am Dec 11, 2008 8:17am
Quoting robkaq2
Nice results. How do you use tracktrend on 1h? Do you check 4h trend when trade?
I trade only on 4h frame...If I wanna go long: I check the ZZsignal(3), direction of Cog and then frames in TrackTrend from M1 to H4 must be UP...sometimes I even look if D1 and W1 are UP...and then I enter.
I exit a trade when the ZZsignal(3) appears and TrackTrend is showing an DOWN signal for H4.

On a H1...Look from M1 to M30 and even H4, so you'll be shure you're going with the trend.


regards
  • #1,629
  • Dec 11, 2008 8:20am Dec 11, 2008 8:20am
Ok...I've been through this entire thread. Everything looks good but my only and PRIMARY concern is which of these indicators repaint? If any of them do, you might as well throw your money out the window. They're not useful for backtesting and therefore not reliable for actual trading. Anyone care to chime in?
  • #1,630
  • Dec 11, 2008 8:30am Dec 11, 2008 8:30am
basically all of them do , thats why people are resorting to jumping from 1 hr TF to 4 hr TF to confirm their trades
  • #1,631
  • Dec 11, 2008 8:52am Dec 11, 2008 8:52am
Quoting robkaq2
I'm getting crazy about this 1h and 4h trend checking.

If I use deadsoul template on 1h, usd/jpy then TRACK-TREND tells me that 1H and 4H is down.
But
The 4h COG is UP.
And on 1H there is BUY signal.

So what is the trend?
TrackTrend or COG on 4h?
Ok first of all I don't know what do you mean by TRACK-TREND. I assume that you meant price action. So the situation is:
-Based on price action you determined that the 4h and 1h tf is trending down.
-4H COG is showing an uptrend.
-on the 1h tf, there is a buy signal.

This is how I would interpret the situation:
1)There could be a change in trend. The 4h tf is indicating that there is a high possibility the trend will start moving upwards. Furthermore you have a long signal on 1H tf. That means the downtrend has a HIGH POSSIBILITY of going up.
2)Does it mean that the trend will change from short to long? The answer is not necessarily. The trend might go up for 1 hour and resume its downtrend. The signal that you see could be a minor correction. The price can go downwards for another 100 pips or maybe even another 250 pips or maybe move down another 500 pips(why? it could be news it could be anything.)

or...

it could go up.

What could you have done:
a) Take the trade. If you took the trade, it might have gone against you. This is where people apply the martingale and double up their lots with the firm believe that the trend will change in their favour. Again, it could have gone up and you could have made money
b) Don't take the trade. Do you really have to take the trade? Why not wait a while more. Wait for confirmaiton on the 4h tf. That means wait for a buy signal on the 4h time frame(and on top of that i like to use stoch to confirm the entry)

Trade with the trend. You can only be wrong 2 times. Either at the top or at the bottom. It is a bit difficult to explain... You need to demo to see it for yourself. Different people trade differently. They interpret charts differently. They have different goals. Different risk tolerance, different trading plans. What I like do might not be what you like to do.

Demo more and you will begin to see how to use this system. Take trades. Make mistakes. Keep a journal of your trade. So if it went wrong/well you can look back and figure out why. Since its demo money, you can afford to make mistakes. I really don't know how else to help you other than saying demo more...

happy learning
  • #1,632
  • Dec 11, 2008 9:09am Dec 11, 2008 9:09am
Quoting maxreturn
Ok...I've been through this entire thread. Everything looks good but my only and PRIMARY concern is which of these indicators repaint? If any of them do, you might as well throw your money out the window. They're not useful for backtesting and therefore not reliable for actual trading. Anyone care to chime in?

You need to re-read the thread. If you have read properly, then you would know that almost all the indicators repaint. People have traded with this system live and made money. I have demoed with this system for the pass month and made over 3000 pips.
  • #1,633
  • Dec 11, 2008 9:19am Dec 11, 2008 9:19am
Quoting toob
You can get very good resoults from both systems, Oan's and Deadsol's. My advice to ya'll is to keep an eye on the TrackTrend, and that's all you need. TrackTrend and one of templates posted is the "holy package"

I made a lot of money with Oan's system Obama...so Oan, thank you VERY much!

I've been testing Deadsol's template and got a lot of money...so thanks to Deadsoul too!

Ya are the best!!

I have tested Deadsoul's template...Live...this week, from monday till today. The max drawdown was about 100pips.
I could have...
congratulations my friend..
then you got it right with alittle hard work...
  • #1,634
  • Dec 11, 2008 9:22am Dec 11, 2008 9:22am
Quoting thelws
Ok first of all I don't know what do you mean by TRACK-TREND. I assume that you meant price action. So the situation is:
-Based on price action you determined that the 4h and 1h tf is trending down.
-4H COG is showing an uptrend.
-on the 1h tf, there is a buy signal.

This is how I would interpret the situation:
1)There could be a change in trend. The 4h tf is indicating that there is a high possibility the trend will start moving upwards. Furthermore you have a long signal on 1H tf. That means the downtrend has a [u][b]HIGH...
you left me talkless.....
i have nothing more to say...
  • #1,635
  • Dec 11, 2008 9:39am Dec 11, 2008 9:39am
Quoting maxreturn
Ok...I've been through this entire thread. Everything looks good but my only and PRIMARY concern is which of these indicators repaint? If any of them do, you might as well throw your money out the window. They're not useful for backtesting and therefore not reliable for actual trading. Anyone care to chime in?

My opinion...I think that all indicators have to repaint to be profitable. The forex market is not a curve with a equation like y=kx+n, so the non-repaiting indicators would eventually fail. But, as Oan said, I think, prices move in a cycle, which is logical. If someone buys, he has to sell, if someone sells, he has to buy...eventully. We just don't know when.
The "holy grail"...it allready exsists...combining the indicators that you have and uderstanding them. That's all you need.


regards
  • #1,636
  • Dec 11, 2008 11:02am Dec 11, 2008 11:02am
Hey Sniffer,
I am using your template but can you please please explain to me how you use Timer, Candle Average, and Stochastics to enter a trade. I want to know what each of these indicators tells us and what kind of an agreement should these indicators be in to enter a trade. I did enter a couple of trades based off 4H charts, simply based on the (3) indicator and lines on COG. Do you only trade when price ACTUALLY touches one of the solid lines, or what if price touches a dotted line with (3) indicator on it, is it still a valid signal? Also do you wait for the candle AFTER (3) to close or do you only wait for candle that (3) is on to close. Also I know I have to wait for track trend to be pointing in the same direction but I didn't have time to wait for that today....

Still learning your system and any help you can provide is greatly appreciate... Please see attached chart and see if my entry points on those pairs was correct. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 241 KB
  • #1,637
  • Dec 11, 2008 11:30am Dec 11, 2008 11:30am
Pipsologist:

I've been looking everywhere for the older model indis that you just posted a pic of. I've even left 2 messages here without anyone responding.

Could you please post all of your indis in your next message? It would really mean a lot to me. (All of the older posts where those were originally offered are now over-written/edited with just the newer updated indis.)

Many thanks in advance!

Chance
" Average traders look to the left, great traders look to the right."
  • #1,638
  • Dec 11, 2008 12:09pm Dec 11, 2008 12:09pm
still trading the 1min here..and trying to add a few filters to help

What would be helpful is if any one has or can produce a CCI where if below 0.00 is red and above is blue ..will post any findings

Cheers

Paul
  • #1,639
  • Dec 11, 2008 12:40pm Dec 11, 2008 12:40pm
maby i dont understand..but mine cci you can change what ever colour you want
StopLoss is for none belivers... Trust the Gurus..
  • #1,640
  • Dec 11, 2008 12:44pm Dec 11, 2008 12:44pm
if its like this
Attached Image (click to enlarge)
Click to Enlarge Name: 15.gif Size: 39 KB
StopLoss is for none belivers... Trust the Gurus..
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