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My own developed benkyalate system

  • #2,081
  • Mar 19, 2009 2:11pm Mar 19, 2009 2:11pm
Quoting Thunderxp
ashur thank you for the template and the charts you have posted.

What are the rules you trade the rainbow in combination with ADX?
Hey thunder, I haven't made solid rules for the system yet, I am still testing out different variations of it. But so for , I just wake up at around 7:50 EST and wait until the ADX crosses and the price crosses the SMA. I'm still working on it tho. So far its been going okay for the past week. You guys can test out different variations or put in different indicators and share how it works, that would be great!
  • #2,082
  • Mar 19, 2009 2:42pm Mar 19, 2009 2:42pm
Quoting eTrader
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
Thanks. That surprises me. I thought narrow bands meant steeper slope and therefore a greater momentum or something like that. Isn't when there is the largest possible bandwith that the lines are flat and we can anticipate a reversal in trend?

Chamane
  • #2,083
  • Mar 21, 2009 12:32pm Mar 21, 2009 12:32pm
Quoting chamane
Thanks. That surprises me. I thought narrow bands meant steeper slope and therefore a greater momentum or something like that. Isn't when there is the largest possible bandwith that the lines are flat and we can anticipate a reversal in trend?

Chamane
The regression bands are very close with a very high angle of the COG slope and a very small bandwidth before a flat trend or a reversal occurs.

An entry in the direction of the COG when the angle of the COG slope is very high can result in a loss.

Take an entry in the direction of the COG when the angle of the COG slope is small at the start of a new trend and not near the end of the trend.

eTrader
  • #2,084
  • Mar 22, 2009 5:31pm Mar 22, 2009 5:31pm
Quoting eTrader
The regression bands are very close with a very high angle of the COG slope and a very small bandwidth before a flat trend or a reversal occurs.

An entry in the direction of the COG when the angle of the COG slope is very high can result in a loss.

Take an entry in the direction of the COG when the angle of the COG slope is small at the start of a new trend and not near the end of the trend.

eTrader
Thank you for the comment. That valuable information should have been given in the first posts. I think the COG is relatively unknown compared to other indys. I had not given it enough attention as I am looking at few setups at the same time. Thanks again.

Chamane
  • #2,085
  • Mar 22, 2009 6:54pm Mar 22, 2009 6:54pm
This week I'm going to be strictly focusing on the Orabi template. It looks pretty promising . Also if anyones interested in the other system I am looking at, I posted Fridays results of it too
Attached Image(s) (click to enlarge)
Click to Enlarge Name: orabitemplateexample.JPG Size: 238 KB
Click to Enlarge Name: eurusd10sec3.JPG Size: 240 KB
  • #2,086
  • Mar 26, 2009 2:05am Mar 26, 2009 2:05am
as of now folks I have some bad news:


the new system i was developing was going AMAZING. On average i was raking in 200+ pips a night on EURUSD, 300+ on GBPUSD, and 250+ on USDCHF...

All was amazing, and going great...


then the losses came... lol


I managed to make nearly $2,000 from this little thing in about a week. Then the huge loss came last night, out of nowhere. Or should I say string of losses...

I lost over $500 last night. So for now, it is back to the drawing board. I will be working on this strategy for now, while tackling a couple other projects that have caught my eye. I will not be live trading this strategy anymore, until i work the kinks out of it.

And thank you all who have PMed or emailed me. I appreciate so many people taking interest in this new system. Some STILL do not understand the concept of CONTRIBUTION, thus i will not be sharing the system with these people. so please, do not pm me saying "i would like to test your system out" or the infamous "when will you release your system?"

as of now, I have a few people in mind, but nothing is definite yet. As I continue to work on this system, along with a Price Action strategy and a couple others, I will be very busy.

Just thought i should give an update! gl and happy trading everyone.

-JA$ON

ps: i will probably end up letting Paulus and Ashur be some of the first testers/tweakers of the new system good contributers and solid traders, like myself
  • #2,087
  • Mar 26, 2009 8:58am Mar 26, 2009 8:58am
Quoting noskool319
as of now folks I have some bad news:


the new system i was developing was going AMAZING. On average i was raking in 200+ pips a night on EURUSD, 300+ on GBPUSD, and 250+ on USDCHF...

All was amazing, and going great...


then the losses came... lol


I managed to make nearly $2,000 from this little thing in about a week. Then the huge loss came last night, out of nowhere. Or should I say string of losses...

I lost over $500 last night. So for now, it is back to the drawing board. I will be working on this strategy for now, while tackling a couple...

Thanks a lot man, hope to hear from you soon!


Everyone else who is still following this forum, I have some good news. I've been testing out the orabi template for the past week, and I think its the most profitable out of the rest of the templates. The rule for entry is that you only buy or sell when it hits a fibonacci line thats in the buy/sell zones. I'll post up results from the 24th,25th and 26th (i forgot to screenshoot mondays) Also I only trade this system 9:00 AM EST to 11:00 AM...
Oh yeah and take profit is the middle white line

Ashur
Attached Image(s) (click to enlarge)
Click to Enlarge Name: exampleorabi.JPG Size: 222 KB
Click to Enlarge Name: orabi25.JPG Size: 249 KB
Click to Enlarge Name: 26.JPG Size: 256 KB
  • #2,088
  • Mar 26, 2009 9:53am Mar 26, 2009 9:53am
Where can I get that template and indicators?

Ty.
  • #2,089
  • Mar 26, 2009 11:49am Mar 26, 2009 11:49am
Quoting TomLeeChan
Where can I get that template and indicators?

Ty.
There you have it Tom. I have attached the orabi zip file.

Ashur
Attached File(s)
File Type: zip orabi.zip   317 KB | 1,717 downloads
  • #2,090
  • Mar 26, 2009 12:32pm Mar 26, 2009 12:32pm
Noskool thanks allot for the update and much luck to you with your testing.

Asher, thanks to you also for the new info, very helpful
  • #2,091
  • Mar 26, 2009 5:54pm Mar 26, 2009 5:54pm
Quoting noskool319
as of now folks I have some bad news:


the new system i was developing was going AMAZING. On average i was raking in 200+ pips a night on EURUSD, 300+ on GBPUSD, and 250+ on USDCHF...

All was amazing, and going great...


then the losses came... lol


I managed to make nearly $2,000 from this little thing in about a week. Then the huge loss came last night, out of nowhere. Or should I say string of losses...

I lost over $500 last night. So for now, it is back to the drawing board. I will be working on this strategy for now, while tackling...

What was your stop loss set to for these losing trades? With the cog indicator, it's not the indicator that wipes you out, it's about the stop loss you use, or lack thereof. Even a 50 pip stop loss will allow you to accumulate more wins than losses using cog.

I had the same problem, until I started using tighter stops, obeyed them, and started taking profit more regularly.
  • #2,092
  • Mar 27, 2009 3:45am Mar 27, 2009 3:45am
Hi, i just want you guys to check the difference between orabis template and Belkhayate template. By backtesting i managed to get the look of orabis template and compare it with belkhayate pictures, as he posted them in his site. We can see that belkhayate takes much more candles into consideration. Ok here are the pictures. First Belkhayate pic and then orabis template:

Belkhayate

http://f.imagehost.org/0436/belkhayate.png


Orabi

http://g.imagehost.org/0768/orabi.png


link to belkhayate images/site
  • #2,093
  • Mar 27, 2009 4:25am Mar 27, 2009 4:25am
Do you know how many pips Belkhayate goes back?
  • #2,094
  • Mar 27, 2009 4:39am Mar 27, 2009 4:39am
no i have no idea, i tried to set bars to 240 and 260, and i get almost identical pictures then, but when i try at current market, it is so streched that my head hurts, lol. I just posted this to pictures, if someone gets the idea, how would we set it for better results
  • #2,095
  • Mar 27, 2009 4:50am Mar 27, 2009 4:50am
double post...damn connection...
  • #2,096
  • Mar 27, 2009 5:36am Mar 27, 2009 5:36am
Quoting dimitrius
What was your stop loss set to for these losing trades? With the cog indicator, it's not the indicator that wipes you out, it's about the stop loss you use, or lack thereof. Even a 50 pip stop loss will allow you to accumulate more wins than losses using cog.

I had the same problem, until I started using tighter stops, obeyed them, and started taking profit more regularly.

dimitrius, what do You set your Stop loss to ? 50?
  • #2,097
  • Mar 27, 2009 7:28am Mar 27, 2009 7:28am
Quoting ttradr
dimitrius, what do You set your Stop loss to ? 50?
yes.
  • #2,098
  • Mar 29, 2009 3:46pm Mar 29, 2009 3:46pm
Mostafa Belkhayate had a meeting in Paris about a week ago where he released his own belkhayate system for the public. If anyone's interested here are the indicators and a screen shot. I found them on a french forum. From the looks of it, it only works on the 4 hr TF. If you guys wanna give this one a shot, let me know how it goes.

Ashur
Attached Image (click to enlarge)
Click to Enlarge Name: belkhayatessystem.JPG Size: 263 KB
Attached File(s)
File Type: ex4 Gravity Center.ex4   9 KB | 1,200 downloads
File Type: ex4 Timing.ex4   4 KB | 1,214 downloads
  • #2,099
  • Mar 29, 2009 3:51pm Mar 29, 2009 3:51pm
Quoting Thunderxp
Do you know how many pips Belkhayate goes back?
the belkhayate is 180 bars back
  • #2,100
  • Mar 29, 2009 4:36pm Mar 29, 2009 4:36pm
As i was reading in the french forum. One of the users actually went to the conference in Paris. He was talking about how gold will reach $2500 in 3 years. He said to buy physical gold and that the forex market is going to be the best market to invest in. He was warning everyone to pull out whatever they have from equity markets because its going to keep falling. Oh and heres a link to the CD that was made, its got a shit load of ebooks in english, and indicators that might be of some use to some people. I cant post the zip file on here because its 50MB.

http://72.14.205.132/translate_c?hl=...fcvsUjSAnvOtNw

Ashur
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