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My own developed benkyalate system

  • #2,781
  • Nov 25, 2011 7:37pm Nov 25, 2011 7:37pm
Quoting jay_x
Hi Radit,

I had 3 losing trades in demo this week on Eur and Gbp with your 30 min setup. Did you get these losses as well? If not, how did you avoid it?

I've posted the losing trade from last night.

thanks!
J-
what u set SL, TP and TS ?....must be setup well to against lose...
be patient, self-belief and discipline... stay focus...
  • #2,782
  • Nov 25, 2011 7:56pm Nov 25, 2011 7:56pm
Quoting jay_x
Hi Radit,

I had 3 losing trades in demo this week on Eur and Gbp with your 30 min setup. Did you get these losses as well? If not, how did you avoid it?

I've posted the losing trade from last night.

thanks!
J-
use TS 5pips yea i also have lose but minimal....i think this weeks if we not carefully trade we will lose much ...
Attached Image (click to enlarge)
Click to Enlarge Name: this week result.jpg Size: 266 KB
be patient, self-belief and discipline... stay focus...
  • #2,783
  • Nov 26, 2011 11:45am Nov 26, 2011 11:45am
Thanks Radit. I use 35pip SL and take profit at the center line as you suggested and only enter when all 3 pairs are going the same direction.

A couple of questions:

- do you only enter in the same direction as the COG?
- do you re-enter / add lots when it reaches the 2nd green/red lines?
- do you adjust the the TP as the COG repaints?

I'll use an 8 pip trailing stop this week and see how it goes.

thanks!
j-
  • #2,784
  • Nov 26, 2011 12:09pm Nov 26, 2011 12:09pm
Quoting jay_x
Thanks Radit. I use 35pip SL and take profit at the center line as you suggested and only enter when all 3 pairs are going the same direction.

A couple of questions:

- do you only enter in the same direction as the COG?
- do you re-enter / add lots when it reaches the 2nd green/red lines?
- do you adjust the the TP as the COG repaints?

I'll use an 8 pip trailing stop this week and see how it goes.

thanks!
j-
hi slow replay

1: do you only enter in the same direction as the COG?
Answer: yes if u want accurancy win...

2: do you re-enter / add lots when it reaches the 2nd green/red lines?
answer: for me better watch timming below 30 or above 70, even above 2 red line or below 2 green line....if u see like that watch where is S/R line near by to set better entry...first entry will near S/r line

3: do you adjust the the TP as the COG repaints?
answer: no just use trailing stop or just close if u feel unsafe afraid loose much profit . for me if profit 10 pips reach so i use trailing stop5 pips


below is what u ask above 2 red right watch carfully and learn
Attached Image (click to enlarge)
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be patient, self-belief and discipline... stay focus...
  • #2,785
  • Nov 27, 2011 2:26am Nov 27, 2011 2:26am
I see. So you are basically just using the COG to find bias/direction then you are taking your trades off pivot resistance levels.

I have been trading this same way for awhile but without the TS. I'll test this week and post the results.

thanks!
j-
  • #2,786
  • Dec 1, 2011 1:46pm Dec 1, 2011 1:46pm
Hi Radit,

Quick question:

if your trailing stop gets hit, do you retake the position if price goes back to the resistance/support trigger level again?

thanks!
j-
  • #2,787
  • Dec 2, 2011 6:07pm Dec 2, 2011 6:07pm
Quoting jay_x
Hi Radit,

Quick question:

if your trailing stop gets hit, do you retake the position if price goes back to the resistance/support trigger level again?

thanks!
j-
that is very gud question....k there have 2 way....
>>one<< is if u have already have profit...dont trade ..just wait for another sign better than u continue trade with same position which will u lose your money...we cant predict the market only we know is just follow his movement with same direction as we called it trend...
>>two<< is if u hit at BE level..so mean price going against u....but if still have sign like timming show right sign and mbfx line too ..make sure u are not too late....if u too late...maybe against u...or not.... for me better stay out...too...

my rule is if hit to TS i will stay out..... this is protect your money than u lose more....
be patient, self-belief and discipline... stay focus...
  • #2,788
  • Dec 8, 2011 1:18pm Dec 8, 2011 1:18pm
Hello all. Still have been using this system with success. Anyone else? I'm thinking about adding in the Montana and yarara indicator for a 4 hr strategy. Can anyone share their results?
  • #2,789
  • Dec 9, 2011 2:58am Dec 9, 2011 2:58am
one guys use mbfx in 4hrs with 250 bar setting...with when open in 15m chart with 250 bar look cool...but i stay on my system setting....

this friday i got almost 102 pips...and will continue look for any spot short sign....in gbpusd eurusd and audusd
be patient, self-belief and discipline... stay focus...
  • #2,790
  • Dec 9, 2011 1:27pm Dec 9, 2011 1:27pm
I am using the cog on 180 bars back. Since march it has produced great results even in varying market conditions.

My risk module is 1:2 like the original mbfx system indicated.

I set my tp to the blue line and set my stop to 50% of that.

The timing indicator can give false signals but I have a fisher indicator to confirm my entry. I dont really depend on the fisher to cross the zero line but more along the lines of gaining momentum in the opposite direction.

I also use fibonacci, the great thing with this system is when it gives a correct signal and I apply fib, i can see price is bouncing off a retracement!

Cheers, up 300 pips in the past 2 days. 6 wins and 2 losses
  • #2,791
  • Dec 24, 2011 8:06pm Dec 24, 2011 8:06pm
my upgradeing mbfx finished 100% ....will full colored candle bar ...work on 15m timeframe.....red and green bar is sell and buy bar entry...u can post commen here..
Attached Image (click to enlarge)
Click to Enlarge Name: upgrade.jpg Size: 148 KB
be patient, self-belief and discipline... stay focus...
  • #2,792
  • Jan 17, 2012 2:47pm Jan 17, 2012 2:47pm
Hi Radit.. I've never seen that timing indicator before. Where did you get it?

Also, which broker do you use that allows 5 pip TS?

thanks,
j-
  • #2,793
  • Jan 17, 2012 5:39pm Jan 17, 2012 5:39pm
Quoting jay_x
Hi Radit.. I've never seen that timing indicator before. Where did you get it?

Also, which broker do you use that allows 5 pip TS?

thanks,
j-
First. The Indicator was part of the MBFX system. I attached the original as well as the updated version.

Second as far as brokers with 5 TS - try mine, Hot Forex.
Attached File(s)
File Type: zip mostafa.zip   296 KB | 2,376 downloads
File Type: rar MBFX System Trading REV2011 upgrade.rar   1.9 MB | 3,344 downloads
  • #2,794
  • Jan 18, 2012 3:06pm Jan 18, 2012 3:06pm
thanks! are you using 120 or 180 setting on the COG?

j-
  • #2,795
  • Feb 3, 2012 11:40pm Feb 3, 2012 11:40pm
Quoting Big Mike
Update Day 5

Well I have abandoned the 1min trading.
Way too crazy on 12 pairs.
Next week I'm going for 1H.

BigMike
Why would you abandoned the 1Min trading with such great results? Was it not producing pips in the long term ?
  • #2,796
  • Feb 20, 2012 8:18am Feb 20, 2012 8:18am
eur/usd offering an opportunity with cog and s/r-confluence...
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meine augen sind die sterne
  • #2,797
  • Feb 21, 2012 12:06am Feb 21, 2012 12:06am
Quoting aserbfx
eur/usd offering an opportunity with cog and s/r-confluence...
took profit during the night at 1.3205.
+60 pips.
meine augen sind die sterne
  • #2,798
  • Feb 21, 2012 2:24pm Feb 21, 2012 2:24pm
eur/aud short since a couple of hours at 1.2412
Attached Image (click to enlarge)
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meine augen sind die sterne
  • #2,799
  • Mar 1, 2012 12:43pm Mar 1, 2012 12:43pm
Quoting aserbfx
eur/aud short since a couple of hours at 1.2412
took profit here. 1.2312. +100 pips.
meine augen sind die sterne
  • #2,800
  • Mar 2, 2012 6:31pm Mar 2, 2012 6:31pm
I am also using this system. Even in graphs 15 minutes. The most interesting in all this is that even if the signs of sale / purchase are exceeded in a given moment they return to you close. Or is there even a chance for you to make another purchase / sale above / below and to overcome loss.
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