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My own developed benkyalate system

  • #2,201
  • Apr 18, 2009 11:40am Apr 18, 2009 11:40am
Value Charts by Helweg and Stendahl

Getting Started with Value Charts . . .
Value Charts
Value Chart levels
Value Charts Presentations
Ask the expert
Value Charts: The Dynamic Trading Indicator

Enjoy
eTrader
  • #2,202
  • Apr 19, 2009 2:21pm Apr 19, 2009 2:21pm
Quoting toob
With Belkhayate you can trade like this...

You can enter everytime in H4 when the COG is down and the timer is level 1 overbouhgt....or when COG is down and the timer is level 1 oversold.

You can even trade against the trend, but the timer must be level 2. Here you must use the proper money management.

I exit a trade if a D1 timer is level 1, nomatter, with or against the trend of D1.

This way I made lots of pips...

Regards
toob,

I suppose you meant "...or when COG is up and the timer is level 1 oversold".

Level 1 = between 4 (-4) and 8 (-8)?
Level 2 = 8 (-8) and beyond?

I personally don't like to go against the COG even if the Timing indicator will allow it. If you've had success that way, good for you. Here are links (in French) concerning Belkhayate's method:

http://www.tradingsat.com/conseils-e...ayate-136.html
http://www.pro-at.com/ref.php?uri=ht...%2Flematin.pdf

In the first link, he is giving us basic rules (excuse my free translation):
1- Never take position against the COG
2- Buy when the market is under a COG showing uptrend
3- Sell when the market is over a COG showing downtrend
4- Use the bands to fix your risk and profit levels knowing that the more distance from the center line, the higher the probability that price will come back to that center line
5- If the center of gravity is broken with strength, the probability that price will reach extreme band is 95%

But as you say, maybe you can be successful trading against COG if the timing indy is favorable. He describes more the three zones of the indicator in the second link (use Google translation tool).

Right now, I am following his "règle de base du système Belkhayate" (basic rule of the Belkhayate's system): "...when the alert zone of the Belkhayate's Timing indicator has been reached (outside the extreme line), we verify if it corresponds to an extreme zone of the Belkhayate's Barrycenter indicator (COG). If this is the case, the probability to get a valid signal is over 80%".

To me, I feel more comfortable with this rule. But I am probably more conservative than you are. I will gain experience with time.

Thanks and regards.

Chamane
  • #2,203
  • Apr 19, 2009 2:27pm Apr 19, 2009 2:27pm
Quoting eTrader
Value Charts by Helweg and Stendahl

Getting Started with Value Charts . . .
Value Charts
Value Chart levels
Value Charts Presentations
Ask the expert
Value Charts: The Dynamic Trading Indicator

Enjoy
eTrader...
eTrader,

Thanks again. I will surely have a look. I happened to find indicators not knowing exactly how to use them, but they show signals very close to Belkhayate's Timing.

Chamane
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File Type: mq4 valuecharts_149.mq4   1 KB | 1,904 downloads
File Type: mq4 valuecharts_v2_102.mq4   7 KB | 2,061 downloads
File Type: ex4 valuecharts_v2_102.ex4   6 KB | 1,668 downloads
  • #2,204
  • Apr 19, 2009 4:58pm Apr 19, 2009 4:58pm
Sorry for typing mistake...yes, I meant up...

Level 1 for me is 4 and -4, level 2 is 8 and -8

If I go against the trend I only take 40 pips maximum. I look at other tf like M30, H1 and D1. Combining these tf is very crucial if anyone planing going against the trend.

One more thing... If COG bands in M30 and H1 are very close and very steep that means that trend will reverse.


regards
  • #2,205
  • Apr 20, 2009 8:28am Apr 20, 2009 8:28am
Now here's what I would call a valid signal. Price was in the green zone of the COG and the Timing indicator was in the alert zone (<-8). I took the trade.

Chamane

http://i43.tinypic.com/23lbbr6.gif
  • #2,206
  • Apr 20, 2009 8:41am Apr 20, 2009 8:41am
Here's another clear signal short. Price is in the red zone and Timing shows overbought alert area. I also took the trade.

Chamane

http://i40.tinypic.com/334ow82.gif
  • #2,207
  • Apr 21, 2009 12:24pm Apr 21, 2009 12:24pm
Quoting chamane
Here's another clear signal short. Price is in the red zone and Timing shows overbought alert area. I also took the trade.

Chamane

http://i40.tinypic.com/334ow82.gif

Chamane,

I am a little bit curious about your usdcad trade because the entry (also my entry) was 5 bars to early (20 houres) with the Belkhayate timing indicator.
I am holding my short position.

eTrader
  • #2,208
  • Apr 21, 2009 3:51pm Apr 21, 2009 3:51pm

Hello. Is this a good short entry under the system? I think so, but I hope the comment grateful ETRADER


Greetings

Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad 4h.gif Size: 42 KB
We have to make a lot of money to live quiet as the poor.
  • #2,209
  • Apr 21, 2009 10:03pm Apr 21, 2009 10:03pm
Quoting eTrader
Chamane,

I am a little bit curious about your usdcad trade because the entry (also my entry) was 5 bars to early (20 houres) with the Belkhayate timing indicator.
I am holding my short position.

eTrader
According to Belkhayate's system, I think it was time to enter, as soon as price crosses red or green dotted line in agreement with Timing in alert zone. But as you can see, it might have been a bit early in this case although I think it should be going towards the center line of the COG. Same thing for CADCHF but this one appears to not have been early. I got stopped out and lost many pips on USDCAD because of a stupid Canadian bank drawdown movement. Not in the case of CADCHF. I only hope (if I may) I can catch up my losses.

Chamane
Attached Image (click to enlarge)
Click to Enlarge Name: Belkhayate.gif Size: 44 KB
  • #2,210
  • Apr 22, 2009 1:56am Apr 22, 2009 1:56am
Quoting chamane
According to Belkhayate's system, I think it was time to enter, as soon as price crosses red or green dotted line in agreement with Timing in alert zone. But as you can see, it might have been a bit early in this case although I think it should be going towards the center line of the COG. Same thing for CADCHF but this one appears to not have been early. I got stopped out and lost many pips on USDCAD because of a stupid Canadian bank drawdown movement. Not in the case of CADCHF. I only hope (if I may) I can catch up my losses.

Chamane
Thank you for your story and explanation about the Canadian Bank.

The Belkhayate Timing indicator was above level +8, so significantely overbought and the price was in the SELL zone, so it was a valid setup.

Initially I placed no stoploss, so I am still in the usdcad trade and the stoploss is now placed just above the bearish engulfing candlestick pattern.

Date: 20/04/2009
Stoploss: 1.2490
Entry short: 1.2368
Target Profit 1: 1.2230 (D1 centerline)
Target Profit 2: 1.2121 (H4 centerline)
Reward/Risk= 1:1

Picture 1 : usdcad H4 at the time of entry
Pictures of this trade will follow after closing the trade with Loss or Profit...

Trade well,
eTrader
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadH4Belkhayate20042009-01.jpg Size: 417 KB
  • #2,211
  • Apr 22, 2009 2:17am Apr 22, 2009 2:17am
Quoting gambrinus

Hello. Is this a good short entry under the system? I think so, but I hope the comment grateful ETRADER





Greetings

It was a valid setup for a short trade 10 hr ago.
Price went already below the sell zone (red lines), so it's to late now at this time for a short entry.

eTrader
  • #2,212
  • Apr 22, 2009 8:21am Apr 22, 2009 8:21am
Quoting eTrader
Reading the Belkhayate indicators
El Mustafa Belkhayate is expalining how to read his dynamic indicator and his static indicator (Belkhayate timing)
http://www.youtube.com/watch?v=_xWb2qOL220

I hope you understand the French language.

Price at the Red and Green regression lines: STRONG BUY/SELL
Price above the Red/Green regr lines: Extremely strong BUY/SELL

Belkhayate timing indicator under the chart = confirmation for Buy/Sell
Watch the video

eTrader

Hi, eTrader,

Thanks for your contribution on Belkhayate system. However, I saw another indi on that chart with arrow green/red. Do you or any other person know where we can fjnd that indi? Or if you have it can you give us the privilege of having it too?
  • #2,213
  • Apr 22, 2009 8:22am Apr 22, 2009 8:22am
Quoting eTrader
Thank you for your story and explanation about the Canadian Bank.

The Belkhayate Timing indicator was above level +8, so significantely overbought and the price was in the SELL zone, so it was a valid setup.

Initially I placed no stoploss, so I am still in the usdcad trade and the stoploss is now placed just above the bearish engulfing candlestick pattern.

Date: 20/04/2009
Stoploss: 1.2490
Entry short: 1.2368
Target Profit 1: 1.2230 (D1 centerline)
Target Profit 2: 1.2121 (H4 centerline)
Reward/Risk= 1:1

Picture 1 : usdcad H4 [b]at the time...
etrader,

Actually, your numbers are very close to mine. I entered at 1.2360 and got stopped out at 1.2490 just because of that sudden peak. Price is still climbing but I anticipate a reverse downwards so I will still keep an eye on it. If it does go down, I will suppose that my stop loss was too tight, but more than 100 pips is kind of scary to me.

Chamane
Attached Image (click to enlarge)
Click to Enlarge Name: etrader.gif Size: 30 KB
  • #2,214
  • Apr 22, 2009 10:56am Apr 22, 2009 10:56am
Quoting alhshuaiboba
Hi, eTrader,

Thanks for your contribution on Belkhayate system. However, I saw another indi on that chart with arrow green/red. Do you or any other person know where we can fjnd that indi? Or if you have it can you give us the privilege of having it too?
These arrows are not on my charts, so I can't help you.

eTrader
  • #2,215
  • Apr 22, 2009 5:50pm Apr 22, 2009 5:50pm
About USDCAD...What about higher stoploss?

As soon as the doted gray line is touched and the timer is 8, measure the distance between doted gray line and last green or red line. The distance was about 170 pips, and this could be your stoploss.

Or you can wait if the timer brokes out above 10...wait for another cadle which should be around 8...just a thought...


regards
  • #2,216
  • Apr 22, 2009 6:02pm Apr 22, 2009 6:02pm
toob,

I agree, increasing the stop loss is an option. I wanted to have a risk to reward that made sense and my profit was around the center line of the COG. If my risk is too high, I won't enter. I will have to test further to come up with the right value.

Chamane
  • #2,217
  • Apr 22, 2009 6:07pm Apr 22, 2009 6:07pm
I have been experimenting with a SL of 100-150 pips (depends if its a large mover or not) above/below the outter red/green lines. For example, if your in a short position, i'd place my stop 100-150 pips above the thick red line. and tp is always set to the center blue line. Everytime another 4h candle is made, I re-adjust these levels to what is currently being represented- aka dynamic alterations by adjusting these levels as time goes on.

By doing this, I have placed a total of 3 trades since the beginning of LAST week, and 2 of them closed, with 1 trade still open (-5 pips atm)

Below is a screenshot of the results. (ignore the eurjpy -5 loss, i accidently placed that trade on the wrong account and closed it out as soon as i realized it, lol!)



ATTENTION TRADERS USING PAULUS/NOSKOOL STRATEGY:
I have been experimenting on DEMO a new philosophy with the strategy. Trading a market almost everyone overlooks due to the low volatility- but this is what we want with this strategy imo. I encourage everyone who is still using the strategy, to demo it on the Sydney session. TP will typically be 6-9 pips per trade, but set your SL to -10 or -15 or whatever you choose. Also, if I gain +4 pips on the trade, I will set my SL to brake even.

Give it a whirl, and let us know your results! So far I have placed 3 trades today for +6 pips each. Not much, but remember, just 20 pips a day is all you need to be a millionaire in less than 2 years. Sound MM and compounding is the key!
Attached Image (click to enlarge)
Click to Enlarge Name: dsds.PNG Size: 8 KB
  • #2,218
  • Apr 22, 2009 9:26pm Apr 22, 2009 9:26pm
Recently..I mean the last two weeks, tried any of the paid sigals
from OAN? I know he has adjusted his system again with a new
setup and I was wondering.

thanks
  • #2,219
  • Apr 23, 2009 2:15am Apr 23, 2009 2:15am
Quoting chamane
etrader,

Actually, your numbers are very close to mine. I entered at 1.2360 and got stopped out at 1.2490 just because of that sudden peak. Price is still climbing but I anticipate a reverse downwards so I will still keep an eye on it. If it does go down, I will suppose that my stop loss was too tight, but more than 100 pips is kind of scary to me.

Chamane
Result USDCAD H4 Short Trade
We closed the USDCAD H4 short trade at 1.2352 with only +16 pips.
Reason: no momentum to centerline.

Entry: 1.2368
Exit: 1.2352
Profit: +16 pips

Maximum virtual loss : -139 pips
Maximim virtual profit: +33 pips

Pictures attached so everyone can see the evolution of this short trade.

eTrader
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad01.jpg Size: 350 KB
Click to Enlarge Name: usdcad02.jpg Size: 237 KB
  • #2,220
  • Apr 23, 2009 9:51am Apr 23, 2009 9:51am
The currency pair USDCAD has reached the centerline at 1.2270.
The short entry was at 1.2368 so profit would be +98 pips.

eTrader
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadH4Belkhayate20042009-11.jpg Size: 395 KB
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