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My own developed benkyalate system

  • #2,341
  • May 29, 2010 5:55am May 29, 2010 5:55am
Hi all,

I am using this system for about 6 months now. I use Obama template with a 4H charts. The system is very good, however the main problem remains that sometime the stop are hit and the 200-300 pips stop is a drama for my account.

I am still improving the method day after day !

Regards,

Erwan.
  • #2,342
  • Jun 1, 2010 8:46pm Jun 1, 2010 8:46pm
Anyone gets this error?

2010.06.01 18:38:06 FXSONI TREND ANALIZER v1a GBPUSD,M30: unknown subwindow number -1 for ObjectCreate function
  • #2,343
  • Jun 1, 2010 8:46pm Jun 1, 2010 8:46pm
Quoting Foreign Mark
Hi all,

I am using this system for about 6 months now. I use Obama template with a 4H charts. The system is very good, however the main problem remains that sometime the stop are hit and the 200-300 pips stop is a drama for my account.

I am still improving the method day after day !

Regards,

Erwan.

Can you please post it?
  • #2,344
  • Jun 10, 2010 9:12am Jun 10, 2010 9:12am
Its been a long time now, and I figured out that this indi repaints to often, as a result making it very unreliable.
Sorry it took me so long to post this final evaluation.
-retracer
  • #2,345
  • Jul 8, 2010 5:45pm Jul 8, 2010 5:45pm
It is my first time in my life that I know somebody like you, you are amazing, thanks soooo much for all you do to share your systems whit us.I read almost all your comments of a total 154 pages. I just open my first 500 usd live account and I need help, I know that only God show me this web site to know you and learn about your systems, yesterday I went short in eur/usd on a daily chart I receive a window whit a alarm whit 'super signal"strong sell eur/usd. Question: it just only that I need?"super signals"? or is better to download your last system final.zip 327kb? please help me, you are one of those peoples that I want to be when I get more old, you are a nice example of help, I hope you can reed this and give me a hand. THANKS SOOO MUCH.
  • #2,346
  • Aug 17, 2010 3:34pm Aug 17, 2010 3:34pm
Quoting forexisfx
i hope everyone still remember the day when EURCHF run over 550 pips within an hour due to chf central bank intervention.

This is what can happen to the COG.
You would have been in a great trade with lots of pips.
  • #2,347
  • Aug 17, 2010 3:57pm Aug 17, 2010 3:57pm
Ok, I'm back in threads especially this one.
Too bad this thread is not alive so much anymore... too much confusion and modifications.

Belkhayate system is simply awsome on 4h and Daily.
You check your charts a few minutes a day, what else somebody needs ?
Think about it, he won a competition that had 50,000 traders...
Why break a tool that helped him do that ?
He financed his 20K bankroll with Michael Jackson's agent.
He made 400+ percent in 6 months.
What else somebody needs ?

Here are my 2 cents and sorry if it squashes a few toes... But 50% of people like me just like that !!!

Seriously, just watch Belkhayate's video of 9 minutes as he explains all of it or the PDF that explains the strategy. When you order his 2 indicators all is said in it.
So simple, I am using it since over a year and the returns are just as he claims and then some.

I will be glad to answer questions that are not explained by Mr.Belkhayate himself.

Good luck to all !

Big Mike
  • #2,348
  • Aug 18, 2010 7:58am Aug 18, 2010 7:58am
Hi Big Mike,

Nice to see you back my friend. You mention the video; is that the one in French....if not where can we find it. Aslo, can you please upload the PDF.

You know big mike I did try Oans indicators last year and just found that the drawdowns were way to big.....was I missing something. I see that we live very close to eachother also, nice to know.

Cheers,
Email



Quoting Big Mike
Ok, I'm back in threads especially this one.
Too bad this thread is not alive so much anymore... too much confusion and modifications.

Belkhayate system is simply awsome on 4h and Daily.
You check your charts a few minutes a day, what else somebody needs ?
Think about it, he won a competition that had 50,000 traders...
Why break a tool that helped him do that ?
He financed his 20K bankroll with Michael Jackson's agent.
He made 400+ percent in 6 months.
What else somebody needs ?

Here are my 2 cents and sorry if it squashes a few toes... But...
  • #2,349
  • Aug 19, 2010 6:49am Aug 19, 2010 6:49am
Yes they are in french. If you live near me you can ask somebody to translate in french for you.

BigMike
  • #2,350
  • Aug 19, 2010 7:06am Aug 19, 2010 7:06am
I meant translate in english of course.

As for your DD, there are DD's on 4H and Daily, just part of the game.

Start with this: 4H go for 2% risk and on Daily 1% risk. Once you get use to the Timing vs the red or green entries and exits, you can upgrade to 2-3% on 4H and 1-2% on Daily.

As for the DD, well 150 pips SL at 2% vs 40 pips SL at 2%, it's the same in my book. The only thing is, you will get stopped most of the time with tight SL.
However if you give "breathing space" to your trade, it will go for a win most of the time. If the trade does not develop the way it should then close for minimal losses and that takes time and practice.

Expect 3-5 trades a week and easy 6%-9% a week return. Compound account of 5k at 6% a week you end up at 72k.

What more to say ?

BigMike
  • #2,351
  • Aug 19, 2010 9:51am Aug 19, 2010 9:51am
Quoting Big Mike
Ok, I'm back in threads especially this one.
Too bad this thread is not alive so much anymore... too much confusion and modifications.

Belkhayate system is simply awsome on 4h and Daily.
You check your charts a few minutes a day, what else somebody needs ?
Think about it, he won a competition that had 50,000 traders...
Why break a tool that helped him do that ?
He financed his 20K bankroll with Michael Jackson's agent.
He made 400+ percent in 6 months.
What else somebody needs ?

Here are my 2 cents and sorry if it squashes a few toes... But...
You said order his 2 indicators...Are you referring to the new ones or old ones?? (the old cog and belk timer is already here)
  • #2,352
  • Aug 19, 2010 10:11am Aug 19, 2010 10:11am
guys.. oan's system is a winner. the problem is the big drawbacks (especially with the martingale sytem). i've increased my balance a steady 10% a month with the following changes:

- once you get a signal to buy/short, wait for price to move in your direction. DO NOT ENTER THE TRADE!! wait for the price to retrace and make a higher low (for buy signal) or lower high (for short signal). at the close of that bar, then enter.

- place a stop loss 10 pips on previous hi or low bar

- take partial profit @ midline of bollinger and move to break even

- use daily pivot points as guide to take profits (never let a winning trade become a loser)

- take all profits at midline of oan's indicator

follow these steps and you'll have a constant big winner while limiting loses. here are my latest trades:

125451552010.08.13 04:59balanceDeposit5 000.00
125452872010.08.13 05:25sell0.40audjpyfxr77.560.0077.302010.08.13 05:2877.530.000.000.0013.94
125454082010.08.13 05:36sell0.40gbpjpy134.5100.000134.2402010.08.13 05:57134.4650.000.000.0020.90
125453202010.08.13 05:25sell0.10audjpyfxr77.560.0077.302010.08.13 06:2277.570.000.000.00-1.16
125452012010.08.13 05:01sell0.10gbpusd1.563050.000001.561502010.08.13 07:151.561500.000.000.0015.50
125451562010.08.13 04:59buy0.10gbpusd1.563370.000001.570002010.08.13 08:111.566360.000.000.0029.90
125476872010.08.13 08:23sell0.50gbpusd1.565040.000001.563292010.08.13 09:301.563290.000.000.0087.50
125456542010.08.13 05:36sell0.10gbpjpy134.5100.000134.2402010.08.13 09:36134.2400.000.000.0031.42
125568752010.08.16 04:51buy0.10gbpjpy133.690133.800133.9552010.08.16 06:26133.9550.000.000.0030.87
125568742010.08.16 04:50buy0.10audjpyfxr76.3576.5676.752010.08.16 06:5676.560.000.000.0024.47
125628802010.08.16 15:16buy0.10audjpyfxr76.4976.5476.852010.08.16 22:0776.540.000.000.035.86
125586502010.08.16 08:39buy0.10gbpjpy134.320133.150134.7502010.08.17 00:27133.1500.000.000.00-137.43
125716042010.08.17 01:27buy0.50gbpjpy133.4950.000133.6202010.08.17 02:13133.6200.000.000.0073.30
125727702010.08.17 05:09sell0.40gbpusd1.566100.000001.563002010.08.17 08:001.564210.000.000.0075.60
125739292010.08.17 05:09sell0.10gbpusd1.566100.000001.563002010.08.17 08:061.563000.000.000.0031.00
125779172010.08.17 15:03sell0.50eurusd1.287980.000001.285932010.08.17 15:181.285930.000.000.00102.50
125900272010.08.18 08:28buy0.50gbpjpy132.8500.000132.9952010.08.18 09:13132.9950.000.000.0084.82
125741032010.08.17 08:12sell0.50audjpyfxr76.820.0076.652010.08.18 14:5076.750.000.00-0.3741.05
125939652010.08.18 14:53buy0.10gbpjpy133.1740.000133.6802010.08.19 02:23133.2450.000.000.008.30
126036502010.08.18 14:53buy0.10gbpjpy133.1740.000133.3002010.08.19 02:42133.3000.000.000.0014.73
126051572010.08.19 06:20sell0.90usdjpy85.7180.0000.0002010.08.19 15:0985.0290.000.000.00729.28
126123882010.08.19 06:20sell0.10usdjpy85.7180.0000.0002010.08.19 15:0985.0440.000.000.0079.25
0.00 0.00 -0.34 1 361.60

Closed P/L: 1 361.26 <- profit in 1 week with 5k deposit!!

j-
  • #2,353
  • Aug 19, 2010 11:10am Aug 19, 2010 11:10am
Quoting jay_x
guys.. oan's system is a winner. the problem is the big drawbacks (especially with the martingale sytem). i've increased my balance a steady 10% a month with the following changes:

- once you get a signal to buy/short, wait for price to move in your direction. DO NOT ENTER THE TRADE!! wait for the price to retrace and make a higher low (for buy signal) or lower high (for short signal). at the close of that bar, then enter.

- place a stop loss 10 pips on previous hi or low bar

- take partial profit @ midline of bollinger and move to break even...
Which one of Oans systems are you using? The guys got a million of em
  • #2,354
  • Aug 19, 2010 2:45pm Aug 19, 2010 2:45pm
Hi Jay_x,

Many thanks for your input, your points are very interesting........Big Mike; can you PLease make contact with me.

Many regards guys,
email





Quoting jay_x
guys.. oan's system is a winner. the problem is the big drawbacks (especially with the martingale sytem). i've increased my balance a steady 10% a month with the following changes:

- once you get a signal to buy/short, wait for price to move in your direction. DO NOT ENTER THE TRADE!! wait for the price to retrace and make a higher low (for buy signal) or lower high (for short signal). at the close of that bar, then enter.

- place a stop loss 10 pips on previous hi or low bar

- take partial profit @ midline of bollinger and move to break even...
  • #2,355
  • Aug 19, 2010 3:13pm Aug 19, 2010 3:13pm
i use the one with the straight lines (purple lines). once it touches a purple line, i look for price action to enter.

i use ichimoku and a couple of other indicators as confirmation but price action is very reliable on its own.

i caught 90% of the usd/jpy move today based on this strategy.

j-
  • #2,356
  • Aug 20, 2010 7:22am Aug 20, 2010 7:22am
Quoting wowzers
You said order his 2 indicators...Are you referring to the new ones or old ones?? (the old cog and belk timer is already here)
I never said to order anything. Can't help you on this one.
9.4% this week.

BigMike
  • #2,357
  • Aug 22, 2010 6:54pm Aug 22, 2010 6:54pm
Anyone know what the letters in the bottom left mean? I circled them in the pictures.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: letter2.JPG Size: 163 KB
Click to Enlarge Name: letter.JPG Size: 160 KB
  • #2,358
  • Aug 23, 2010 9:02am Aug 23, 2010 9:02am
Quoting jay_x
i use the one with the straight lines (purple lines). once it touches a purple line, i look for price action to enter.

i use ichimoku and a couple of other indicators as confirmation but price action is very reliable on its own.

i caught 90% of the usd/jpy move today based on this strategy.

j-
Hi Jay_x,

Thanks for your input in this thread. Was curious which timeframe you use ?

Also, would you be so kind to upload the version you use ? Oan has posted about 30 different versions in this thread, and just want to make sure I have the exact same version you use

Very much appreciated!

Bas
  • #2,359
  • Aug 23, 2010 10:55am Aug 23, 2010 10:55am
Quoting Big Mike
I never said to order anything. Can't help you on this one.
9.4% this week.

BigMike
Hi mike, didnt mean to imply that you were trying to get us to buy them. Just wondering what 2 belkhayate indis are you talking about since he started selling 2 newer ones in the last year....Are you talking about the ones that are already in this thread?
  • #2,360
  • Aug 23, 2010 11:44am Aug 23, 2010 11:44am
i really like the idea behind countertrend-trading.

but i cannot yet see the advantage of the belkhayate-system.
no matter which cog you take. they all repaint, of course. so you need confirmation from the value chart, stochastic etc. plus you often need to martingale your position.
i don't see the advantage compared with countertrend-systems like nanningbob's ea's, bwilc (dirk du toit).

i don't condemn this system. but it will -for sure- loose in strond trending markets if you trade against the main trend.
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