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My own developed benkyalate system

  • #2,061
  • Mar 17, 2009 6:04pm Mar 17, 2009 6:04pm
Also, I wanted to talk about stop losses. I don't know if you came up with something recently, but I personally don't like not using SL, especially with real money... I am not confident enough in my trading right now. What would you think of 100 pips since it leaves room for three entries (25 pips each between sweet spots)?

I don't know if you happen to understand what really goes on with that COG method. I am impressed. I started demoing 1min and 5min charts (EUR/USD and GBP/USD) today and raised my account with 22 wins and 3 losses that could have been wins but I closed them down myself. On 1 min charts, I sometimes observed the COG reversing after my entries but then it reversed again to hit my profit level. Amazing. It's fun, but somehow frightening. I understand price oscillating around a main trend, but I can't beleive such a high win rate.
  • #2,062
  • Mar 17, 2009 8:34pm Mar 17, 2009 8:34pm
Quoting chamane
Also, I wanted to talk about stop losses. I don't know if you came up with something recently, but I personally don't like not using SL, especially with real money... I am not confident enough in my trading right now. What would you think of 100 pips since it leaves room for three entries (25 pips each between sweet spots)?

I don't know if you happen to understand what really goes on with that COG method. I am impressed. I started demoing 1min and 5min charts (EUR/USD and GBP/USD) today and raised my account with 22 wins and 3 losses that could...
Hey Chamane, thanks for the template. Just need to change the sweet spot indicator settings on it from sublevel 250 to sublevel 25 so the levels are a bit closer together. And I agree with you 100% on the SL, i dont really like using one. we need to think of a solution, because i doubled my account from 1000 to 2000 in about 2 weeks, and right when i started using a SL it brought my account back down to 1500. So now I've been demoing a little to find a way to perfect it. And you are right, it is fun and frightening at the same time. What time do you usually trade at anyway?

Ashur
  • #2,063
  • Mar 17, 2009 9:08pm Mar 17, 2009 9:08pm
I know this off topic but I thought I'd share another system I've been testing out, It needs a little bit of work, but the basic idea of it is pretty simple. It is a 10 Second chart so money management needs to be adjusted accordingly. So far I've just been demoing these two systems (center of gravity and this one). I really don't know if someone already thought of this strategy so I don't want anyone telling me about how I copied someone else's idea, I am NOT claiming this to be my OWN system. Just for the record. However if someone spots a thread about a similar system, an link to the thread would be greatly appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD 3_17_2009 (10 Seconds).jpg Size: 132 KB
  • #2,064
  • Mar 18, 2009 2:55am Mar 18, 2009 2:55am
Hello Ashur,

I`m not quite sure, visually it just reminds me of Cyrox Scalping approach, but I might be wrong. Which MA`s and Indicators are you using ? I have access to 10sec charts and could review it......
Be like water.
  • #2,065
  • Mar 18, 2009 3:03am Mar 18, 2009 3:03am
My first thought was ranbow system too. But yours is looking a bit different.
Please tell us which ema periodes you use.

And a second question to ninjatrader: which broker are you using to run NT on demo?
  • #2,066
  • Mar 18, 2009 6:42am Mar 18, 2009 6:42am
paulus cog on m5 sucks


i tried it on demo for a couple weeks. paulus cog on m1 is fantastic, but moves too much for any other higher timeframe.

this is all just my experienced opinion of course


and a note to all REAL earners and patrons of forex reading, following, or tried or is using COG methods, read the following:

I am currently working on one of the best systems I've personally seen to date. I WILL not go into detail at ALL about this at the moment, nor will i divulge information about the amount of pips i'm making with this(you wouldnt believe me if i told you), but i will say this: if/when I decide to release this to the public, I will need a very small group of trustworthy programmers and technical strategists, and perhaps a marketing team as well. i believe this POTENTIALLY could be one of the single largest revolutionary methodologies of trading currencies to date.

Again, I will NOT answer specific questions regarding the details of this new system at this time, nor the earnings derived from it. You may however, contact me via private message here on FF, briefly describing your skills and experience that you can bring to the table to forward this project along. After my initial optimizations, tweaks, and testing of it, I will contact some of these people and secure a small efficient team to improve it.

Please understand that this is too valuable for me to release public at this time.


I will end this post with a quick word of advice:

Never stop learning. Always keep researching, and when it comes to investment and forex forums, always search the desolate, empty pages of past forgotten posts. There is an incredible wealth of knowledge and indicators available, mostly of which people arrogantly ignore or seize to develop!

AND THANKS FF, YOU ARE ALL WONDERFUL AND HELPFUL PEOPLE! (most of you hehe)
  • #2,067
  • Mar 18, 2009 7:17am Mar 18, 2009 7:17am
Quoting msmarple
Hello Ashur,

I`m not quite sure, visually it just reminds me of Cyrox Scalping approach, but I might be wrong. Which MA`s and Indicators are you using ? I have access to 10sec charts and could review it......
im using emas 2-31 close, and emas 144 high and low

and im using it through interactive brokers
  • #2,068
  • Mar 18, 2009 7:34am Mar 18, 2009 7:34am
Thank you arthur123

Can you upload the NT template for the lazy ones like me?
  • #2,069
  • Mar 18, 2009 8:02am Mar 18, 2009 8:02am
Quoting ashur123
...What time do you usually trade at anyway?

Ashur
I usually trade from 8:00 to 16:00 ET.
  • #2,070
  • Mar 18, 2009 8:02am Mar 18, 2009 8:02am
there you go
Attached File(s)
File Type: xml ashur.xml   59 KB | 592 downloads
  • #2,071
  • Mar 18, 2009 10:40am Mar 18, 2009 10:40am
Hi Ashur,

Please post downloadable MT4 files of which 10 sec. converter you are using. I'm not familiar with this concept and I'd like to practice this week.

And can you please post a regular template as well? Learning code for me begins next year! Thanks!

Just in case it matters, I'm with MBT, five digits.
" Average traders look to the left, great traders look to the right."
  • #2,072
  • Mar 18, 2009 10:41am Mar 18, 2009 10:41am
While discussing off topic systems, here's one I am thinking of. I don't want to start a thread on it, I just want to know if I am completely off the track or not. If you look at the picture, you see three currency pairs with the same stoch (15,5,10). Any indicator would do, the settings would have to be ajusted to give the best results.

The idea is if let's say AUD/USD is increasing, it means that there is a greater demand for AUD. Now, if USD/JPY is increasing, the demand is greater for USD. Therefore, I would be tempted to say that at the same moment the demand for AUD is greater than the one for JPY. It seems logic, but I'm not sure about that.

So if Stoch for AUD/USD is getting higher at the same time Stoch for USD/JPY is getting higher, wouldn't it be a good time to buy AUD/JPY? This is shown in the picture by the vertical bars.

Sorry if you lost your time reading this, but I just wanted to make sure I am not loosing mine trying to build a new system here. A quick answer would be appreciated.

Thanks.

Now back to COG.

Chamane
Attached Image (click to enlarge)
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  • #2,073
  • Mar 18, 2009 2:48pm Mar 18, 2009 2:48pm
Quoting magicchance
Hi Ashur,

Please post downloadable MT4 files of which 10 sec. converter you are using. I'm not familiar with this concept and I'd like to practice this week.

And can you please post a regular template as well? Learning code for me begins next year! Thanks!

Just in case it matters, I'm with MBT, five digits.
Hey magicchance, that wasn't metatrader that i was using, I was using ninja trader. I dont think there is a converter for metatrader to make it 10 secs. But I was also using the same idea with oanda, but with slightly different settings for the MA's if anyone wants to give it a shot, i'll post the screenshot and the settings for the exponential moving averages are 2 to 27 with 100 SMA. I also add ADX 50 for entry and sometimes exit points. I was using these settings for the past couple days and they were working pretty well. I noticed that at 8 AM est, during that hour there was a major move on both days. But I must further test it. If anyone wants to try it for themselves,open a practice account with Oanda, they have 10 second charts. ANYWAYS, back to the COG system
Attached Image (click to enlarge)
Click to Enlarge Name: 10secondsystem.JPG Size: 232 KB
  • #2,074
  • Mar 18, 2009 3:00pm Mar 18, 2009 3:00pm
Quoting chamane
While discussing off topic systems, here's one I am thinking of. I don't want to start a thread on it, I just want to know if I am completely off the track or not. If you look at the picture, you see three currency pairs with the same stoch (15,5,10). Any indicator would do, the settings would have to be ajusted to give the best results.

The idea is if let's say AUD/USD is increasing, it means that there is a greater demand for AUD. Now, if USD/JPY is increasing, the demand is greater for USD. Therefore, I would be tempted to say that at the same...
Hey Chamane, I think this is what you might be looking for, its called Relative Strength Basket Trading, if your interested in it, heres the link http://www.forexfactory.com/showthread.php?t=123284 , i guess they basically take a single strong and single weak currency so say euro is strong and usd is weak they would buy the euro in the EUR/USD pair. Just thought you'd be interested
  • #2,075
  • Mar 18, 2009 3:15pm Mar 18, 2009 3:15pm
Quoting ashur123
Hey Chamane, I think this is what you might be looking for, its called Relative Strength Basket Trading, if your interested in it, heres the link http://www.forexfactory.com/showthread.php?t=123284 , i guess they basically take a single strong and single weak currency so say euro is strong and usd is weak they would buy the euro in the EUR/USD pair. Just thought you'd be interested
Thanks a lot! I knew somebody would have thought about that...

Chamane
  • #2,076
  • Mar 18, 2009 3:31pm Mar 18, 2009 3:31pm
np chamane

price gap
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Click to Enlarge Name: pricegap.JPG Size: 269 KB
  • #2,077
  • Mar 19, 2009 7:32am Mar 19, 2009 7:32am
Once again at the same time, same thing happens.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd10sec2.JPG Size: 232 KB
  • #2,078
  • Mar 19, 2009 9:19am Mar 19, 2009 9:19am
I would like to know how important is the angle of the COG lines. Like in the picture, the first two frames show the COG lines starting to go sideways (so the angle is decreasing) whereas in the two down frames, the lines are clearly heading down and the angle is increasing. I wouldn't hesitate to enter after a signal in that case, but when the angle is decreasing, I am not so sure.
Attached File(s)
File Type: pdf example.pdf   65 KB | 807 downloads
  • #2,079
  • Mar 19, 2009 9:21am Mar 19, 2009 9:21am
ashur thank you for the template and the charts you have posted.

What are the rules you trade the rainbow in combination with ADX?
  • #2,080
  • Mar 19, 2009 1:01pm Mar 19, 2009 1:01pm
Quoting chamane
I would like to know how important is the angle of the COG lines. Like in the picture, the first two frames show the COG lines starting to go sideways (so the angle is decreasing) whereas in the two down frames, the lines are clearly heading down and the angle is increasing. I wouldn't hesitate to enter after a signal in that case, but when the angle is decreasing, I am not so sure.
Some advice:
Don't enter a trade in the direction of COG (center line) when the regression bands are very narrow (close together , small bandwidth).

That's all.
eTrader
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