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My own developed benkyalate system

  • #2,621
  • May 17, 2011 4:49am May 17, 2011 4:49am
Quoting Foreign Mark
I use Stop loss from 100 to 300 pips meaning for a 1% to 3% risk you need to adapt your money management and the size of the lot. For exemple for a 2% risk and a 100 pips Stop loss I need 50k$ to trade one standard lot (or 5k$ for a mini lot).

Yes, the cog does repaint but when I get a signal I take it and it works so I don't care about the repaint thing.

The indicator that I use with cog is not the belkhayate timing but one optimized version of it called Vostro, it's not a free version but it is very efficient on 4h and daily for also for 5min...
Thanks for your answer , and what about your Risk Reward 1:1? or do you use a certain COG Line as TP? By the way your stops seem to be usualy larger then latest Swing High Low , on what you decide to put it either to 100 or 300 Pips


@Xard

Thanks for all the indicators.. So you dont use the timer but you wait for the price to hit an extreme CoG line and then wait for a countertrend trade when the Goldbads change colour?
  • #2,622
  • May 18, 2011 4:57am May 18, 2011 4:57am
Quoting blutkehlchen
Thanks for your answer , and what about your Risk Reward 1:1? or do you use a certain COG Line as TP? By the way your stops seem to be usualy larger then latest Swing High Low , on what you decide to put it either to 100 or 300 Pips
I use the center band of cog as a TP. My stops are set at some support/resistance level. I noticed that it works better with large SL. Sometimes I am -200 pips and the trade will be a winner at the end. Patience and discipline are the words.

@Xard

Interesting that you use glodband with cog. For me golband is a good trend indicator whereas cog trading is more based on against the trend to catch pull-back or retracement. When I have a short signal on cog (meaning the price hit the upper , the golband is everytime blue and when I have a long signal the goldband is always red. See a trade example below.
Can you explain the way you trade please?
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  • #2,623
  • May 19, 2011 1:30am May 19, 2011 1:30am
Hi Foreign Mark/Xard,

Just curious.. when do you guys place your stop loss to break even? Do you take partial profits? Trailing stop loss?

I usually move mine to BE @ +50. Take 90% @ midpoint (or resistance) then let the rest run.

thanks,
j-
  • #2,624
  • Edited 5:38am May 19, 2011 4:56am | Edited 5:38am
Quoting jay_x
Hi Foreign Mark/Xard,

Just curious.. when do you guys place your stop loss to break even? Do you take partial profits? Trailing stop loss?

I usually move mine to BE @ +50. Take 90% @ midpoint (or resistance) then let the rest run.

thanks,
j-
Hi Jay, I also move the SL at BE when the trade is +50 (an sometimes my stop is touched and the trade reverse, harggghh! but this is trading...)
I am ou @midpoint also and sometimes using fibonacci level.

Erwan.
  • #2,625
  • May 19, 2011 9:28am May 19, 2011 9:28am
Erwan,

I've never used the Vostro indicator. Do you find it more accurate than the Belk timer? Can you provide a screenshot on a good signal from this indicator?

I normally use Timer w/ stoch (lining up with resistance).

thanks,
j-
  • #2,626
  • May 19, 2011 10:10am May 19, 2011 10:10am
Quoting jay_x
Erwan,

I've never used the Vostro indicator. Do you find it more accurate than the Belk timer? Can you provide a screenshot on a good signal from this indicator?

I normally use Timer w/ stoch (lining up with resistance).

thanks,
j-
Hi Jay,

Vostro is a optimized version of Belkhayate timer and gives less signal but more acurate one. It is also very good with cog on 5min scalping (if you like to stay in front of your computer all day long). And last but not least, it does not eat as much cpu as belk timer does which is a good reason to use it. With belk timer, my pc aws overload all the time.

Please find below some screenshot of trade I did with it.

Are you using cog on 4H charts also?
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  • #2,627
  • May 19, 2011 1:09pm May 19, 2011 1:09pm
interesting.. i'll have to back/forward test it. looks very promising though.

yes, I use 4H cog but I mostly use it to establish trend/bias. I hardly use it to make trades.

I enter trades via more traditional ways using EMA's, pivots, and fibs.

It'll be interesting to see how I can incorporate Vostro into my trading style.

thanks for the info!

btw, currently looking at a good long bounce off the 4h 200 EMA on USD/CAD around .9640. I wonder if Vostro will give a signal.


j-
  • #2,628
  • May 19, 2011 11:14pm May 19, 2011 11:14pm
Does anyone still use the noskool/paulus tpl on the 1M TF's.

Im gonna demo but I was wondering.. What happens if the cog lines change direction and repaint on you.. but at the time you placed your trade they were heading the right direction.. do you keep your TP levels at the same spot?

That's my only question.. Everything else seems pretty easy to understand.

It also might be that I'm trading during a bad session.. Gonna trade the london tomorrow morning and see how that goes.
  • #2,629
  • May 20, 2011 4:40am May 20, 2011 4:40am
Quoting jay_x
btw, currently looking at a good long bounce off the 4h 200 EMA on USD/CAD around .9640. I wonder if Vostro will give a signal.

j-
No long signal for vostro on usd/cad 4h for the moment.

@Dyekid217, it is very difficult to use cog on 5min or 1min TF because you need a large SL for a small TP. Better to use it on 4h or Daily charts.
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  • #2,630
  • Edited 8:14am May 20, 2011 8:02am | Edited 8:14am
Quoting Foreign Mark
No long signal for vostro on usd/cad 4h for the moment.

@Dyekid217, it is very difficult to use cog on 5min or 1min TF because you need a large SL for a small TP. Better to use it on 4h or Daily charts.

thanks.. yeah that's what I'm wondering too.. Less stressful for a huge amount of pips still. Less repainting too.

Still have a question though. If the Cog repaints do you adjust your TP to the middle cog line? or leave it where it was even after the repaint.

thanks
  • #2,631
  • May 20, 2011 9:29am May 20, 2011 9:29am
that's too bad. great bounce off the 200ema as predicted.

i see it's giving a signal to short now. perhaps it can be used as an exit tool as well.

have a good weekend,
j-
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  • #2,632
  • May 20, 2011 4:09pm May 20, 2011 4:09pm
nevermind to my last question. Re-read noskool's manual and haven't changed my TP line even when the cog indicator repaints.

Have been using the abo3oon and paulus/noskool strategies for the past two days. Banked 120 pips this morning only trading half of london session.

6 positions still floating in the positive. Mostly longer term trades on the 4h charts.


I MUST THANK EVERYONE IN THIS THREAD. THIS SYSTEM IS AMAZING AND I CAN'T WAIT TO SHARE THE WEALTH WITH ALL OF YOU!!!
  • #2,633
  • May 21, 2011 10:33am May 21, 2011 10:33am
Well done Dyekid217!

Sometimes I do readjust the TP if the trade has been taken a long time ago and if the center has moved a lot.
  • #2,634
  • Edited 1:01pm May 21, 2011 10:37am | Edited 1:01pm
ok yeah.. when I use the 4 hour I will adjust. but on the 1m I won't.

With a 100 pip sl+spread like nooskool suggested I don't expect my SL to be hit.. Just some breathing room.

I'm only 20 turning 21 in June and I have my mom's annuity that she left. I plan on starting a small micro of $500 then if that goes well I will keep adding more into the account.

I don't care that the RR is terrible. If the strike rate is extremely high (which it is) I don't plan on losing 1 trade out of maybe 20-30.

I can almost guarantee 10 straight trades without a loss. which negates the loss pretty much. Only risking 3-4% of the account on any given trade. I also plan adding my own money (not annuity) into the account monthly

if the system works why not trust it, there's a reason why noskool used it with such bad RR so I'm just following in his footsteps. WISH ME LUCK ! =)

I know most of you have already succeeded at this challenging market

EDIT: Searched a little online and saw that ashur posted the paulus/noskool template on a website. A whole ton of people had set a bollinger band over the system template with settings period: 21 Deviation: 2

looks to me that you only take a trade when the arrow is on the outside of the bollinger band.. set TP to middle COG line. Some are saying its 100%. Am also using sweetspots to set my SL so it's not anywhere near 100 pips

here's a pic. Give it a test and post here if you guys have some nice results =). when the arrow shows up outside of the bollinger band I will wait for close.. once it's closed I shall set my SL to a couple pips above/below the arrow. Going by these rules there are 3 trades within an hour for approximately 30 pips =)

also added stoch 14,3,3 for extra confirmation.. although it doesnt seem like you need it
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  • #2,635
  • May 22, 2011 4:26am May 22, 2011 4:26am
Quoting Dyekid217
ok yeah.. when I use the 4 hour I will adjust. but on the 1m I won't.

With a 100 pip sl+spread like nooskool suggested I don't expect my SL to be hit.. Just some breathing room.

I'm only 20 turning 21 in June and I have my mom's annuity that she left. I plan on starting a small micro of $500 then if that goes well I will keep adding more into the account.

I don't care that the RR is terrible. If the strike rate is extremely high (which it is) I don't plan on losing 1 trade out of maybe 20-30.

I can almost guarantee 10 straight trades without...
Interesting post Dyekid217.

BigMike
  • #2,636
  • May 22, 2011 5:04am May 22, 2011 5:04am
Here is one of my trade this week on EUR/GBP, you can see the vostro signal.

@BigMike, nice to see you here. How is your trading?
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  • #2,637
  • Edited 12:12pm May 22, 2011 11:53am | Edited 12:12pm
Quoting Big Mike
Interesting post Dyekid217.

BigMike
gonna test this system over the next couple of weeks. Will post my summery if it is positive.

Looking back at history and super signals/bollinger bands. Most of the signals that appear on the outside of the bands are atleast a 7-10 pip gain all the time when the candle averages match the signal. This can help with a place of stop loss.. 10-20 pips above the arrow and lower the drawdown of this system. Also it filters out the false super signals that would most likely end up in a loss, Bollinger bands don't repaint as much as the cog so it seems to produce reliable trades

Would anyone like to test this with me on demo?
  • #2,638
  • May 22, 2011 12:12pm May 22, 2011 12:12pm
Quoting Dyekid217
gonna test this system over the next couple of weeks. Will post my summery if it is positive.

Looking back at history and super signals/bollinger bands. Most of the signals that appear on the outside of the bands are atleast a 7-10 pip gain all the time when the candle averages match the signal. This can help with a place of stop loss.. 10-20 pips above the arrow and lower the drawdown of this system.

Would anyone like to test this with me on demo?
Speaking about the arrow, note that the supersignal repaint also meaning during live trading when the arrow appears it can moves from one candlestick to the following one.
  • #2,639
  • Edited 12:57pm May 22, 2011 12:43pm | Edited 12:57pm
yes i know that.. As long as the arrow closes outside of the bollinger band and you get a correct signal at one of the outer cog lines (any line but dotted blue) i find that as a correct signal.. also toward the outer bollinger band.. I don't want the arrow to close inside the bollinger bands at all. That's a false signal

Here's just a rough example on audcad. When the arrows closed on the inside of the bollinger band it only produced a 5 pip gain. not worth the trade. Also if you look back a little there was an arrow on the dotted blue which didn't produce a good trade either.

I'm just using stochastics and bollinger bands to create a higher probability rate on an already 90% system. But with a tighter stop loss than Noskool previously used. 20-30 SL should be reasonable

EDIT: stochastics also showed that the first two arrows on my chart weren't overbought/oversold. FALSE TRADES!
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  • #2,640
  • May 23, 2011 6:31am May 23, 2011 6:31am
Quoting Foreign Mark
Here is one of my trade this week on EUR/GBP, you can see the vostro signal.

@BigMike, nice to see you here. How is your trading?
Thanks Foreign mark (merci à toi aussi) !

I'm bored like hell !!!
Doing good long term as always...
Still looking for short term strategy...

Pip it Up !

BigMike
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