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My own developed benkyalate system

  • #1,661
  • Dec 12, 2008 5:37am Dec 12, 2008 5:37am


Thank you again my friend.

Peace
Trade only what i see
  • #1,662
  • Dec 12, 2008 6:29am Dec 12, 2008 6:29am
Quoting oan4fx
good luck all this is the last system updated to date .
my regards.
oan.
Again 4H timeframe best?

Just follow the sell zone and buy zone thats all?

Please elaborate how to use your new template best.

Thank you.
  • #1,663
  • Dec 12, 2008 7:42am Dec 12, 2008 7:42am
Nos

I trade in the direction of the COG bands if they are going up I go long enter 1contract on the 1st signal below the COG line.Must have stoch OS candle average –0.81 and have an Oan signal long. Enetr with 10 secs to go TP is the COG line

If it goes against me enter long on next band down with all criteria above,I don’t set a stop ive yet to bust out. I go to a max of 3 entries.

2. I see people using this system(s) differently. Some people placing trades off the dotted lines closest to the middle line, the dashed lines, and even the solid lines. Some people are just trading off the solid outer lines. Some people are trading off certain lines, then adding another lot when it gets to the middle line. So basically my question is this: What is the best line(s) to trade off of for the M1 chart, and what line should I be taking my TP?

Well I use the 1st 3 under the or above the COG line and my TP is the COG middle band at the time the 1st contract is placed..for the 2nd contract the middle band may of moved down so that now becomes my 2nd contract tgt etc etc

3. STOP LOSS??!!! I know everyone is trading differently, but please, if you are using a SL with this system, where are you putting it? I've seen anything from 100-400 pips, outside the previous candle, to even NO SL AT ALL. I personally am not a fan of using SL, but for scalping on the M1, should I be using a SL? And if so, where/how much?

All my past trading and eod trading is with a stop loss I don’t with this ..as we are on the 1min it does seems to come back perhaps the account will blow Im trying to blow it and test it to destruction its not happened yet

4. I never understood this part of this thread: When exactly do you add additional lots onto a trade?

See chart for this,1st contract at 1st arrow 2nd lot at 2nd arrow… assume we had an oan signal plus bands up and stoch OS with candle average –0.80.same for 2nd arrow entry.


5. I hear people saying they wait till the close of a candle before they get into a trade. So if the price hits the line their trading off of, and the candle closes outside the line, do you take this trade even though the price is not touching the line at the close of the candle?

Need an oan signal which always seems to coincide with touching of one of the bands

6. When is the best time to be trading the M1 TF? For example, the London Open till the New York Open?

Either we need volatility like any trading I see there is no bad time
Attached Image (click to enlarge)
Click to Enlarge Name: example long 2.gif Size: 22 KB
  • #1,664
  • Dec 12, 2008 9:11am Dec 12, 2008 9:11am
Thank you DS, the sniffer tpl did the trick!

The rest of you non-helping loosers can kiss my ass! lol
" Average traders look to the left, great traders look to the right."
  • #1,665
  • Dec 12, 2008 9:58am Dec 12, 2008 9:58am
Quoting FX.Sniffer
Pipo,

Short: price touching blue solid line of COG
candle avg: pointing south and crossed level -0.81
Timer: red bars + green dots at the center.
Fx_fish: red bars (at least 3 and increasing in length)
00_ZZ: started a new straight red line.
Abha: red bar signal.
[i][color=royalblue]Semafor: the 3 yellow circle. (it's just...
Sniffer,
Thanks for your reply, I am learning new things everyday with this system so thanks for your continued patience with us!!

Also I asked this question before and I am asking here again...

Please explain to me in a few lines what each of these indicators tells us about price and what are extreme points in each indicator to look for....

Candle Average
Timer
FX Fish
Stochastic Color

I would appreciate if u could give a brief explanation no more than a couple of lines each. Thanks so much and Happy Pipping!
  • #1,666
  • Dec 12, 2008 9:59am Dec 12, 2008 9:59am
here you are
Attached File(s)
File Type: mq4 CCI 8 .mq4   3 KB | 876 downloads
StopLoss is for none belivers... Trust the Gurus..
  • #1,667
  • Dec 12, 2008 11:17am Dec 12, 2008 11:17am
Thanks

your a star

P
  • #1,668
  • Dec 12, 2008 12:01pm Dec 12, 2008 12:01pm
hey whats up everyone. Thank you for this system as i am loving it right now. =-] . I use this system mainly on G/U as it gives out more signals on the m1 and m5. I know this system wasn't made for scalping but i have been doing really good scalping it. Basically i open up 2 orders. 1 order with TP+5 SL-10
and 2nd order S-10 and leave trade open until i do what i want to do.
Once my 1st order gets to +5 and gets closed i switch my 2nd orders SL to break even so basically at +0. I know that a lot of poeple are thinking right now that this guy is crazy putting 2 orders that can hit a SL of -10 putting it all together for a -20 hit but i dunno it has been working good for me and i dont rush into ANY trade. I make sure that all the signals from hourly all the way down to minute are going the way that i want to trade.

http://i33.tinypic.com/140hrix.gif
Time is what keeps everything from happening "right now".
  • #1,669
  • Dec 12, 2008 1:28pm Dec 12, 2008 1:28pm
Quoting Dv84
hey whats up everyone. Thank you for this system as i am loving it right now. =-] . I use this system mainly on G/U as it gives out more signals on the m1 and m5. I know this system wasn't made for scalping but i have been doing really good scalping it....
What template are you using? What is that very last inidicator on your graph?
Also, are you having problems with repaint? Scalping with this system is more risky, but it works.
  • #1,670
  • Dec 12, 2008 1:34pm Dec 12, 2008 1:34pm
Quoting hitman047
What template are you using? What is that very last inidicator on your graph?
Also, are you having problems with repaint? Scalping with this system is more risky, but it works.
I am using the abo3oon.tpl template. The last indicator is called Damiani to to see if its safe to trade. I don't always use it but like it there to see if we are not going back and forth.
Yes abha repaints itself A LOT, but thats all upto you how you interprit it. I kno it is very risk to scalp with this indicator but im doing it. I not only look at m1 like i said before but at all the upper timeframes and see what is going on. You do not just open the trade just because abha says buy or sell, you wait for next candle and see were it starts going. also like i said i only do TP to +5 so its not that big and 90% of the time it reaches that +5 even on a little spike.
Time is what keeps everything from happening "right now".
  • #1,671
  • Dec 12, 2008 1:35pm Dec 12, 2008 1:35pm
Quoting Dv84
hey whats up everyone. Thank you for this system as i am loving it right now. =-] . I use this system mainly on G/U as it gives out more signals on the m1 and m5. I know this system wasn't made for scalping but i have been doing really good scalping it....
great..its so good to hear that people are successful with all time frames with this system ..
happy trading..
  • #1,672
  • Dec 12, 2008 2:17pm Dec 12, 2008 2:17pm
Quoting Pipologist99
Sniffer,
Please explain to me in a few lines what each of these indicators tells us about price and what are extreme points in each indicator to look for....

Candle Average
Timer
FX Fish
Stochastic Color
pipo oh pipo,

Candle Average: should tell you when to enter and if you check the last template posted by Oan, you're not gonna find it in there as we don't depend on it anymore. However still you can use it with the Timer. So red timer bars + green dots + yellow candle avg bar below -0.81 >>> short signal but careful with trendy days like today n yesterday.

Timer: done

FX Fish: I use it instead of stochastic for overbought/oversold.

Stochastic Color: which one is that? do you mean JRSX??
well, it was there in oan's template and I kept it.

Try not to expect a clear mechanical signal from this system, otherwise use it as a binocular to predict the price action.

Have a nice weekend.
Sniffing Snake's Tracks...
  • #1,673
  • Dec 12, 2008 2:34pm Dec 12, 2008 2:34pm
Deadsoul have u tested any template that is good on 15 or 30 minutes,
  • #1,674
  • Dec 12, 2008 2:53pm Dec 12, 2008 2:53pm
Quoting ukcool
Deadsoul have u tested any template that is good on 15 or 30 minutes,
salam ukcool
sorry but no..even if am testing setup for Japanese pairs at 15 minutes..
but looks like a lot of people like to scalp and if its work like Dv84 its so great..you can try it for any template you have and i think all templates are great though...
  • #1,675
  • Dec 12, 2008 3:04pm Dec 12, 2008 3:04pm
Quoting Paulus
Nos

All my past trading and eod trading is with a stop loss I don’t with this ..as we are on the 1min it does seems to come back perhaps the account will blow Im trying to blow it and test it to destruction its not happened yet
This is the most awesome reply ever lol. You make me want to scalp But in all seriousness, if you do blow your account, please tell us. (Or me) because I want to know what caused it to blow up. To claim that it has not gone bust even though you are testing it to destruction sounds very promising lol.
  • #1,676
  • Dec 12, 2008 3:04pm Dec 12, 2008 3:04pm
Thanks for the reply deadsoul, ya I guess I,ll have to try it out
  • #1,677
  • Dec 12, 2008 7:22pm Dec 12, 2008 7:22pm
Kick ass Paulus, thanks for the reply!


Yea please keep us posted on your account blowing


You the man


PS: You think you could use these settings, with any time frame?
  • #1,678
  • Dec 13, 2008 8:08pm Dec 13, 2008 8:08pm
Quoting Paulus
Thanks

your a star

P
thanks my friend you meant me
if not forget about it
my reagrds.
oan.
  • #1,679
  • Dec 13, 2008 8:58pm Dec 13, 2008 8:58pm
wow Paulus what template version are u using? i want to try this in demo account. Thank you.
  • #1,680
  • Dec 14, 2008 4:55am Dec 14, 2008 4:55am
Hi guys i write in this treath 1 time but i am reading it from the start ,, i must say that all these systems are very very good , in first month demoing OANs system i made 2000 pips THANK YOU OAN for showing how you are trading these system . I have one question for DEADSOUL , did you make your system deadsoul from oans indcators or it is your development ?

And for all who are saying that systems are bad , i think you missed a methodology of these systems me personaly helped Oans sentence WHEN EVERYONE ARE LONG I AM SEEKING WHERE I SHOULD SHORT!!!!!
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