My own developed benkyalate system | Page 133 | 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

  • #2,641
  • May 24, 2011 10:44am May 24, 2011 10:44am
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.

Hi, I downloaded Belkayate's Timing indicator from the attachment in this post, but when I put it on my chart, it shows the lines but not the bars. Does it require another indicator to work? If not perhaps someone can share one that will work... Thanks.
  • #2,642
  • Edited 12:41am May 25, 2011 12:19am | Edited 12:41am
Hello All!

I have been trading the paulus/noskool template with added Bollinger bands (21, 2) and stochastics (14, 3, 3) on the 1 min TF with some good results in the past 3 days.

Here are some results. Will test further and I will let you all know how things go.

Great way of trading.. stress free and only a 20 pip hard stop is still only 2% risk. There was one trade that went -57 which was a stupid trade, have since cut down on those.

Let me know what you guys think

And a pic to see how nice green looks =)


three trades at the bottom were actually on the 4 hr.. but still positive =).. so many pips! 91.5% hit rate and only 3 days in. I expect for it to rise once I get more comfortable
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 18.jpg Size: 232 KB
Attached File(s)
File Type: pdf Account summery 19th-24th.pdf   39 KB | 699 downloads
  • #2,643
  • May 25, 2011 4:34am May 25, 2011 4:34am
Quoting Dyekid217
Hello All!

I have been trading the paulus/noskool template with added Bollinger bands (21, 2) and stochastics (14, 3, 3) on the 1 min TF with some good results in the past 3 days.

Here are some results. Will test further and I will let you all know how things go.

[size=3][font=Arial]Great way of trading.. stress free and only a 20 pip hard stop is still only 2% risk. There was one trade that went -57 which was a stupid trade, have since cut...
Very impressive Dyekid217.
7.33% a day is quite an accomplishment !

Pip it Up !

BigMike
  • #2,644
  • May 25, 2011 8:59am May 25, 2011 8:59am
I realized there was some flaws on the original template that would get you in a trade too early. The bollinger bands and stochastics seem to have fixed that issue only getting you into trades when price is touching the band and stochastics is oversold. This way a 20 pip stop is reasonable. I find it to be almost 100% accurate if you stick to the rules. But my 92% is just as good =)

This is only demo so i will see if it holds up on live. (oanda demo servers suck and I miss trades because it disconnects all the time and i can't fill my order) hopefully the live servers are more responsive. Which they should be
  • #2,645
  • May 26, 2011 3:53am May 26, 2011 3:53am
Quoting Dyekid217
I realized there was some flaws on the original template that would get you in a trade too early. The bollinger bands and stochastics seem to have fixed that issue only getting you into trades when price is touching the band and stochastics is oversold. This way a 20 pip stop is reasonable. I find it to be almost 100% accurate if you stick to the rules. But my 92% is just as good =)

This is only demo so i will see if it holds up on live. (oanda demo servers suck and I miss trades because it disconnects all the time and i can't fill my order) hopefully...
Dyekid217, where can I buy the paulus/noskool template ?
I'm asking this because I don't feel good taking something for free from it's author. I'm kind of "old school" myself !
I'd like to give it a try too.

Thanks for your updates on 1M TF. I always thought COG was for 4h and up, like it says with the instructions.

BigMike
  • #2,646
  • Edited 4:50am May 26, 2011 4:29am | Edited 4:50am
Quoting Big Mike
Dyekid217, where can I buy the paulus/noskool template ?
I'm asking this because I don't feel good taking something for free from it's author. I'm kind of "old school" myself !
I'd like to give it a try too.

Thanks for your updates on 1M TF. I always thought COG was for 4h and up, like it says with the instructions.

BigMike
Hi Big Mike,

Noskool/Paulus template can be found on post 1993

I am also trying this system, sound interesting even if 1min trading is so much stress compare to 4H.

Don't forget to watch this video from noskool
httpv://www.youtube.com/noskool319#p/u/9/iZSysOim2VA


Erwan.
  • #2,647
  • May 26, 2011 7:36am May 26, 2011 7:36am
Quoting Foreign Mark
Hi Big Mike,

Noskool/Paulus template can be found on post 1993

I am also trying this system, sound interesting even if 1min trading is so much stress compare to 4H.

Don't forget to watch this video from noskool
httpv://www.youtube.com/noskool319#p/u/9/iZSysOim2VA


Erwan.
Lollll Erwan.
You always have a good line !!! (1m = stress) !!!
Thanks a lot, I'll try it too.
Might put a bit of spice in my life !

Pip it Up !

BigMike
  • #2,648
  • May 26, 2011 11:56am May 26, 2011 11:56am
why does the video template look different from the posted template? newer version?

j-
  • #2,649
  • Edited 1:13pm May 26, 2011 12:02pm | Edited 1:13pm
I think the grey background is just dark in the video. You can't really see the cog lines either


Make sure you guys try out the template with bollingers period 21 dev 2. And stochastics at 14,3,3. I also have sweetspots at every 25 pips but that's up to you

And I'm not sure where u can buy the template. Noskool emailed me lately and said he doesn't trade anymore (made enough to retire) and I think paulus is just free.

I've been using a 10 pip take prof on all my trades with a 20 pip stop with some good results so far
  • #2,650
  • May 27, 2011 8:32am May 27, 2011 8:32am
Dyekid217,

You mentioned in your last post that you are using a TP of 10 and a SL of 20 is that what you were doing when you originally posted on May 25th? If not did you run into a set of trades that forced you to change your approach?
  • #2,651
  • Edited 9:08am May 27, 2011 8:36am | Edited 9:08am
Yeah I always set a tp of 10. But if stochastics shows exhaustion before hitting my tp then I manually close the trade.

Many pips to u!
  • #2,652
  • May 27, 2011 9:42am May 27, 2011 9:42am
Quoting Dyekid217
Yeah I always set a tp of 10. But if stochastics shows exhaustion before hitting my tp then I manually close the trade.

Many pips to u!
Hi Dyekid217,
Is it too much to ask for an update of your stats on the strategy (pips, %win, etc...) ?

Thanks,

BigMike
  • #2,653
  • Edited 10:55am May 27, 2011 10:44am | Edited 10:55am
Hi Everybody,

Ok, so I studied the noskool 1min system this week and moved to real trading today.

Result is 12 trades, +94 pips, 12 winners and 0 looser...

Crazy, isn't it?

I followed noskool rules and just added the stochastics and bollinger band like Dyekid217 but I kept the 100+spread SL.

Two of my trades were looser more than 20 pips, so following Dyekid217 rules my day would be somewhere around +35 pips instead of +95.

Now, my main concern is regarding this 100 SL, only one loosing trade would be enough to reduce all my 12 winners trades to zero.

I think, I will go on next week with this method to see if I can retired like noskool did ;-)

Erwan.
  • #2,654
  • May 27, 2011 12:03pm May 27, 2011 12:03pm
Exists any EA to this strategy?
  • #2,655
  • May 27, 2011 12:51pm May 27, 2011 12:51pm
Hi Guys

Have Anybody the Blekhayate System Lite?
Because I put this Belkhayate System on 1 pair and my memory is overflow.

Thanks ind advanced.
Mr. Juliusss...
  • #2,656
  • May 27, 2011 1:33pm May 27, 2011 1:33pm
Quoting Big Mike
Hi Dyekid217,
Is it too much to ask for an update of your stats on the strategy (pips, %win, etc...) ?

Thanks,

BigMike
I haven't been able to trade the past week. Unfortunately my lcd screen on my laptop burnt out. And I work 12 hour shifts where I usually trade while I'm there. Waiting on a cable for my screen =/

I will post up some results when I get a chance to get back into the game

Foreign mark - I've been trying to find a way to reduce the drawdown.. sometimes on the 1m stochastics stays overbought/oversold for a while before turning in our direction. Sometimes it may be too late.

Anyone else here have any ideas?
  • #2,657
  • May 27, 2011 1:41pm May 27, 2011 1:41pm
Hi Dyekid217,

I plan to back test your system this weekend. Which currency pair was your favorite?

Question though: your enter condition was when stochastic was over and at one of the cog positions and price was touching a bollinger band?

rb

Quoting Dyekid217
I haven't been able to trade the past week. Unfortunately my lcd screen on my laptop burnt out. And I work 12 hour shifts where I usually trade while I'm there. Waiting on a cable for my screen =/

I will post up some results when I get a chance to get back into the game

Foreign mark - I've been trying to find a way to reduce the drawdown.. sometimes on the 1m stochastics stays overbought/oversold for a while before turning in our direction. Sometimes it may be too late.

Anyone else here have any ideas?
  • #2,658
  • May 27, 2011 2:50pm May 27, 2011 2:50pm
Quoting Foreign Mark
Hi Everybody,

Ok, so I studied the noskool 1min system this week and moved to real trading today.

Result is 12 trades, +94 pips, 12 winners and...
Hi Erwan,
Many thanks for the update !!!
Your numbers are similar to Dyekid217.
I'm impressed for a Friday. 7.8 pips per trade hmmmm and 100% hit, now we're talking !
Question: What session did you trade if I may ask ?

I did not have time and broker to set it up yet.
I have to open a new account/broker as my other 2 are used.
I might just do that this weekend, so we can compare our numbers next week, best sessions, and also you have brought a good point about the SL.
I'm going to write down the DD's so I will be able to average out on EUR and on Cable, that way we can mximize our positions.
Ex: A 2% position with a 20 pips SL and 2% position with a 100 pips SL makes a heck of a difference in profits, position wise. One could be 2 lots and the other 10 lots. At 10 pips TP, one is 200$, the other 1K.
Sorry for this basic Money Management point, but when it comes to milking a cow, every drop is important !
Oh my...another one of my preacher post !

I'm excited, because since 6 years of trading I haven't found a good short term/scalping method yet and Dyekid217 and you have triggered my curiosity.

Let's all retire together !

I'm gonna be here Sunday night.

Pip it Up !

BigMike
  • #2,659
  • May 27, 2011 2:54pm May 27, 2011 2:54pm
Quoting Dyekid217
I haven't been able to trade the past week. Unfortunately my lcd screen on my laptop burnt out. And I work 12 hour shifts where I usually trade while I'm there. Waiting on a cable for my screen =/

I will post up some results when I get a chance to get back into the game

Foreign mark - I've been trying to find a way to reduce the drawdown.. sometimes on the 1m stochastics stays overbought/oversold for a while before turning in our direction. Sometimes it may be too late.

Anyone else here have any ideas?
Thanks for the update Dyekid217. Hope you get your cable soon !

BigMike
  • #2,660
  • May 27, 2011 3:25pm May 27, 2011 3:25pm
50 SL might be the magic number. Like Erwan states, 1 stop loss hit of 100 pips and all your work is gone. This cannot be sustained in the long run.

Perhaps +35 win (on Erwan's test run) with 20 pips SL is the way to go for long term success.

Big Mike, I'm eager to see what you come up with your study.

j-
1 trader viewing now