My own developed benkyalate system | Page 109 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

What I have learned trading & How I developed my system 6 replies

Developed This System, Glitches 0 replies

Did I just create my own very simple system? 25 replies

Indicators & EA's vs own system 8 replies

Creating Your Own Trading System : A View From the Outside In 0 replies

Attachments: My own developed benkyalate system
Exit Attachments

My own developed benkyalate system

  • #2,161
  • Apr 6, 2009 9:25pm Apr 6, 2009 9:25pm
good find e-trader


update:
currently one of the projects im working on, just back tested the GBPUSD pair tonight, and it gave me 9,415 pips since July 1st, 2008. total of 14 trades, 1 loser (-26 pips), 13 winners (biggest winner being +1,989 pips) and 1 trade that closed for 0 pips.

It is being used on Daily charts, without any indicators. solely price action.

ill be informing select individuals of this strategy very soon


again, i'd like to thank e-trader, ashur, paulus, and others for being such wonderful contributers here lately. you guys are great.

GREED IS GOOD
-JA$ON
  • #2,162
  • Apr 8, 2009 3:38am Apr 8, 2009 3:38am
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Quoting eTrader
Summary

M. Belkhayate is using in his free system the following parameters:
Timeframe = H4
Number of bars = 180
Order (degree) = 3 (2 turning points)
Ecart = 1.618 , the golden number
First band (dashed) = 1.000
Second band = 1.618
Third band = 2.200
Long Entry when price is between the thin green line and the thick green line.
Short Entry when price is between the thin red line and the thick red line.
Exit at middle band (center line)

Oan is using in the free Oan systems:
Number of bars = 123
Order (degree) = 2 (1 turning...
Hi e trader, do you have the belklayate template? What TF do you if you dont mind me asking? Which of the template do you recomend from this thread?...there are so many of them.
Keep on posting guys....paulus, jason aka noskool and etrader..keep up the good job, you guys did make a difference.
  • #2,163
  • Apr 8, 2009 4:11am Apr 8, 2009 4:11am
Quoting noskool319
good find e-trader


update:
currently one of the projects im working on, just back tested the GBPUSD pair tonight, and it gave me 9,415 pips since July 1st, 2008. total of 14 trades, 1 loser (-26 pips), 13 winners (biggest winner being +1,989 pips) and 1 trade that closed for...
So you've abandoned the use of CoG's then?
  • #2,164
  • Apr 8, 2009 9:57am Apr 8, 2009 9:57am
did i say that?
  • #2,165
  • Apr 9, 2009 5:25am Apr 9, 2009 5:25am
Hi All!

I began to backtest cog with belkhayate settings and belkhayate timing indicator. It seems to be very efficient on 4h eur/usd between 2008.01.01 and 2008.09.01. Only one wrong trade, but there was price action warning.

Is this timing indicator free, or will expire? I'm talking about the "Timing2" indi.
  • #2,166
  • Apr 9, 2009 11:56am Apr 9, 2009 11:56am
Quoting noskool319
did i say that?
No need to get snotty. It's a question. Your tone has taken an arrogant turn since you were kicked from Oan's forum. Pity. I supported your attempts at learning to trade. Now I think you've become a bit too arrogant. your downfall will not be a bad system. It will be your attitude. And that day will come soon.
  • #2,167
  • Apr 9, 2009 12:00pm Apr 9, 2009 12:00pm
Quoting robkaq2
Hi All!

I began to backtest cog with belkhayate settings and belkhayate timing indicator. It seems to be very efficient on 4h eur/usd between 2008.01.01 and 2008.09.01. Only one wrong trade, but there was price action warning.

Is this timing indicator free, or will expire? I'm talking about the "Timing2" indi.
Rob, you can't backtest cog as it repaints. Repainting is not a problem though. It's an unwillingness to take a loss that's a problem. You can only test cog live. Test it for at least a month, watching price action closely. It will give you a good understanding of how statistical probabilities and price action go hand in hand with market psychology.
  • #2,168
  • Apr 9, 2009 12:12pm Apr 9, 2009 12:12pm
Quoting robkaq2
Hi All!

I began to backtest cog with belkhayate settings and belkhayate timing indicator. It seems to be very efficient on 4h eur/usd between 2008.01.01 and 2008.09.01. Only one wrong trade, but there was price action warning.

Is this timing indicator free, or will expire? I'm talking about the "Timing2" indi.
Hi Rob,
Would you kindly tell me how to use this Timing? It is an oscillator indy but I am not sure how to use it. Thanks in advance.
  • #2,169
  • Apr 9, 2009 4:29pm Apr 9, 2009 4:29pm
Quoting dimitrius
No need to get snotty. It's a question. Your tone has taken an arrogant turn since you were kicked from Oan's forum. Pity. I supported your attempts at learning to trade. Now I think you've become a bit too arrogant. your downfall will not be a bad system. It will be your attitude. And that day will come soon.

i was kicked from oans forum because people there were actually making money with my strategy. that in turned lead to lower sales for oan. so he deleted my thread and account, claiming i was somehow selling this system to people.

and how is that being snotty? you ask a completely abrupt and ridiculous question, and i respond with a more logical one.

would i be here, posting in this thread if i wasn't still using COGs?

HMMM

now please dont hijack this thread, even tho it is in the recycling bin

keep it about COGS
  • #2,170
  • Apr 10, 2009 4:03am Apr 10, 2009 4:03am
Quoting noskool319
i was kicked from oans forum because people there were actually making money with my strategy. that in turned lead to lower sales for oan. so he deleted my thread and account, claiming i was somehow selling this system to people.

and how is that being snotty? you ask a completely abrupt and ridiculous question, and i respond with a more logical one.

would i be here, posting in this thread if i wasn't still using COGs?

HMMM

now please dont hijack this thread, even tho it is in the recycling bin

keep it about COGS

Firstly, this is not your thread, and I am not hijacking it. Take a look at my posts on this thread, before you even showed up here. They're all about using the center of gravity indicator, or related to a strategy using statistical probabilities.

Secondly, your response was an infantile one. My question was about whether you were still trading with cog's. How exactly is that abrupt, ridiculous or illogical? Your defensiveness is suspicious.

Thirdly, if you take your nose out your arse and go back a bit, you'll find that in the past, I supported you and your quest to become a better trader. However I now see that your responses show a bit of a manic depressive tendency. That is why you'll never succeed at trading. Always looking for the holy grail, and never realising that the closest you'll get to a holy grail is having the maturity to be in control of your own emotions.

If my question seems ridiculous and your response seems logical to you, then god help anyone following your advice. Your username is quite apt.
  • #2,171
  • Apr 10, 2009 4:07am Apr 10, 2009 4:07am
Quoting dimitrius
Rob, you can't backtest cog as it repaints. Repainting is not a problem though. It's an unwillingness to take a loss that's a problem. You can only test cog live. Test it for at least a month, watching price action closely. It will give you a good understanding of how statistical probabilities and price action go hand in hand with market psychology.
Couldnt agree more, COG is made to be dynamic, and by that it moves. Like, belkhayate would say, you can always see the center of gravity, and by that, you are getting the odds in your favor and by that superb risk/reward. I personnaly like that, it keeps me from making wrong desicions, which i think its very very important. There will be losses with ANY system. Anytime huge capital can jump in, and move the market in anyway regardsless of technical analisys,fundamental analisys, or system. System just puts odds in our favor. Take a loss as company does expenses, and what good company does, is lower their expenses(losses) as much as possible. Lol, i think, it would be good training, that there would be somekind of competition, about, who can cut loss as quick as possible when they see they are on the wrong side. Anyway, system is good and powerfull, but with the right attitude. There will be losses, but it depends from trader itself how big will it be. Many times i found myself, completely respecting stoploss, but not respecting take profit, and by that i put odds against me. Just my 2 cents...
  • #2,172
  • Apr 10, 2009 4:18am Apr 10, 2009 4:18am
Quoting dimitrius
Firstly, this is not your thread, and I am not hijacking it. Take a look at my posts on this thread, before you even showed up here. They're all about using the center of gravity indicator, or related to a strategy using statistical probabilities.

Secondly, your response was an infantile one. My question was about whether you were still trading with cog's. How exactly is that abrupt, ridiculous or illogical? Your defensiveness is suspicious.

Thirdly, if you take your nose out your arse and go back a bit, you'll find that in the...
We are trying all trying to improve our trading/system, so no need for arguements. I agree with dimitrius, but dont let this thread turn into a fight. Personally i didnt like noskool system simply because of risk/reward, im not saying its bad, it just doesnt suits me. On the other hand he is making good money i guess, so he said, if that suits him, so be it, nothing wrong with that. Sharing ideas, disscusing, thats the way to go, we can all learn something from eachother and respecting other opinions, with healthy communications...
  • #2,173
  • Apr 10, 2009 6:37am Apr 10, 2009 6:37am
Quoting dimitrius
Rob, you can't backtest cog as it repaints. Repainting is not a problem though. It's an unwillingness to take a loss that's a problem. You can only test cog live. Test it for at least a month, watching price action closely. It will give you a good understanding of how statistical probabilities and price action go hand in hand with market psychology.
I use a trade simulator to backtest. Do you think thats not enough efficient, or accurate to test cog? Its a plugin in MT, replays price changes from historical datas and shows it on chart.

Repainting isn't a problem if the strategy works
  • #2,174
  • Apr 10, 2009 6:38am Apr 10, 2009 6:38am
Quoting pica
Hi Rob,
Would you kindly tell me how to use this Timing? It is an oscillator indy but I am not sure how to use it. Thanks in advance.
Of course. I'm gonna post pictures also if it really works
  • #2,175
  • Edited 8:56am Apr 10, 2009 8:34am | Edited 8:56am
Quoting Nimrod
Hi e trader, do you have the belklayate template? What TF do you if you dont mind me asking? Which of the template do you recomend from this thread?...there are so many of them.
Keep on posting guys....paulus, jason aka noskool and etrader..keep up the good job, you guys did make a difference.
Belkhayate Template: H4

The Obama template and Orabi template for FX
The PO1 template for gold

belkhayate.tpl:
The file of 2.50 MB bytes exceeds the forum's limit of 976.6 KB for this filetype.
Attached File(s)
File Type: ex4 Belkhayate Gravity Center.ex4   9 KB | 1,974 downloads
File Type: ex4 Belkhayate Timing.ex4   4 KB | 2,030 downloads
  • #2,176
  • Apr 10, 2009 10:23am Apr 10, 2009 10:23am
Hey
I'm slightly color blind when it comes to green and red, can we change the color to some other? I can't access that indi from editor, blocked perhaps?


and two, in two words how to use it? I would assume trade based o OS/OB levels shown by that indi, but what about it's "bar" action? does it matter?


Thanks a lot,
Damien
  • #2,177
  • Apr 10, 2009 11:43am Apr 10, 2009 11:43am
Quoting dimitrius
Firstly, this is not your thread, and I am not hijacking it. Take a look at my posts on this thread, before you even showed up here. They're all about using the center of gravity indicator, or related to a strategy using statistical probabilities.

Secondly, your response was an infantile one. My question was about whether you were still trading with cog's. How exactly is that abrupt, ridiculous or illogical? Your defensiveness is suspicious.

Thirdly, if you take your nose out your arse and go back a bit, you'll find that in the...
Quote
Firstly, this is not your thread
OMFG, AGAIN YOUR PRESUMPTUOUSNESS IS AMAZING. Because I said THIS was my thread, didn't I?

Quote
Secondly, your response was an infantile one. My question was about whether you were still trading with cog's. How exactly is that abrupt, ridiculous or illogical?
Let me bring to your attention your actual question in the first place.(
Quote
So you've abandoned the use of CoG's then?
) Just because I am working on more than ONE SINGLE system, doesn't mean I stopped using COGs. I still use a variation of my old method to make me money. I even mention this a few times throughout this thread. So that is why I responded with "Did I say that?". I'm sorry if you took offense to 4 little words, that aren't even offensive in the first place. Since you clearly did, I will be the bigger man here and apologize for my statement... err... rather question.. I guess.

Quote
Your defensiveness is suspicious.
I'm sorry for being so outrageously and incredibly defensive. And you are right, it is VERY suspicious! Maybe I am going to pull an "oan" and try and sell one of my systems! Thats gotta be it.
Look, the only defensiveness I have here is when "Internet Tough Guys" try to engage in an intelligent argument with someone on THE INTERNET about something so small and RIDICULOUS.

Quote
However I now see that your responses show a bit of a manic depressive tendency.
MANIC DEPRESSIVE? You don't even know me. I am sorry, but with yet another PRESUMPTUOUS outrageous theory by dimitrius, I can only say one thing to that: LOL

Quote
That is why you'll never succeed at trading. Always looking for the holy grail, and never realising that the closest you'll get to a holy grail is having the maturity to be in control of your own emotions.
Hmm... Yes, because I'd say replacing my full time income in 4 months is considered not succeeding in trading. Again, you do not even KNOW me. Why are throwing around insults left and right to someone over the internet? My god. Yet another outlandish and presumptuous claim made by the all knowing dimitrius.

Quote
If my question seems ridiculous and your response seems logical to you, then god help anyone following your advice. Your username is quite apt.
Yes God help anyone following my advice. You might actually make REAL money. Unlike most of the people squalling around here on internet forums with hundreds or thousands of posts to their name, still hypocritically searching themselves for "the holy grail". We all came and come to these boards for the same reason: To find a strategy to make money with. Thats it, thats the bottom line. So tell me please, if these people are so involved with the message boards, that they have all these posts to their name, do you HONESTLY think the majority of them are actually MAKING REAL money by trading? Now I am not attacking anyone here, and I think FF and TSD are great places for new traders to come and learn and for others to throw around ideas with other traders.

And as far as my name goes, wait, now your attacking my name? LOL, why? Anyways if you must know, I am a college dropout, and couldn't be MORE proud.

dimitrius-

Bottom line is this: We will have to agree to disagree, in some sense. Now before you have the urge to spew out more outlandish, not to mention absurd hatred using your keyboard and internet connection, I recommend you hold yourself back. Lets just try to forget this little stint and move on. If you wanna keep sitting on here and arguing over the internet, then be my guest, I will not take part. From here on out, I am officially done replying on this subject to you. It sparked from an absolutely mild and tiny response, and was blown completely out of proportion.

This may be hard for you to believe, but I wish you the best of luck in trading, and hope you good mental health in the future.

PROUDLY AND RESPECTIVELY,

NO$KOOL
  • #2,178
  • Apr 12, 2009 3:36am Apr 12, 2009 3:36am
  •  Nimrod
  • | Joined Oct 2008 | Status: Energy and persistence conquer all | 168 Posts
Quoting eTrader
Belkhayate Template: H4

The Obama template and Orabi template for FX
The PO1 template for gold

belkhayate.tpl:
The file of 2.50 MB bytes exceeds the forum's limit of 976.6 KB for this filetype.
eTrader, thanks for the response and the insights on the belkhayate system.I appreciate the posts and pictures.
In your trade, do you use these templates together on 1 currency Charts of different templates in one screen to gauge your entries?i.e do you use the 4Hr Belkhayate, the Obama or orabi at the same time? I m confuse as there are so many template.
And in all the post is see,why not enter a trade once price cross the middle cog line? For instance, if for example the 4Hr TF COG is showing a downward trend, then im sure there are opportunities in the lower TF where the price crosses the middle COG.Just my 2cents.
I hope to see more posts from you.Thank you sir, and hope to learn from you and guys who contributed.I hope to excell in this method and hope to contribute. Thanks
Just eager to learn.
  • #2,179
  • Apr 13, 2009 8:56am Apr 13, 2009 8:56am
In your trade, do you use these templates together on 1 currency Charts of different templates in one screen to gauge your entries?i.e do you use the 4Hr Belkhayate, the Obama or orabi at the same time?
No, only one template.
I don't use the templates from Oan anymore.
I prefer now to use only the Belkhayate template (timeframe H4):
-the degree (order) m=3
-the accurate timing indicator

Why not enter a trade once price cross the middle cog line?
Trading with the Regression Bands

Prices tend to regress toward the mean, which is represented by the blue centerline (Center of Gravity) on the chart.

There is only a few-percent chance that prices will exceed the upper/lower regression band. When prices reach these bands, a relatively low-risk entry opportunity presents itself to trade in the opposite direction of the current move.

We have a series of statistically-derived channel lines that display a polynomial best-fit center line (COG), plus a set of lines spaced at equal standard deviation distances away from the center line.

The trader has the power to relate the price to statistically-generated price channels. These channels helps to identify overbought/oversold levels and momentum.

The trader is able to determine optimum buying and selling levels.
If price lower than the oversold level: Buy
If price bigger than the overbought level: Sell
TakeProfit at the centerline.

There is more risk when you stay in the trade and take profit at the other side. Example: Sell at overbought level (red) and Close at oversold level (green).

eTrader
  • #2,180
  • Apr 13, 2009 4:56pm Apr 13, 2009 4:56pm
eTrader,

What is your exact entry point with the Belkhayate system. I suppose you first check if Timing is in the alert zone then look if price is between dotted and plain lines (red or green), but then what? Do you wait for candle to turn the color you want, or use another indicator to confirm the entry?

Also what do you use as SL and TP?

Thanks and regards.

Chamane
2 traders viewing now