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Simple Daily Trend Reversal Trading System

hello all

May I suggest when you post result to indicate what time frame it is ?

Nader
sorry for the question but are all these trades using the EA? Or manually using the strategy. Ive been manually using it on gold and its been awesome so far. Thinking about adding Fibonacci to get out of trades. Has anyone used Fibonacci
Quoting luaciego
sorry for the question but are all these trades using the EA? Or manually using the strategy. Ive been manually using it on gold and its been awesome so far. Thinking about adding Fibonacci to get out of trades. Has anyone used Fibonacci
Hi Luaciego,

If question to me than no, I trade manually. Plus I add use TDI indication which allow me to enter the trade little more earlier =) however it's personal preferences, if you find my previous post you can see about TDI. There is always much more to the trading, risk management, exit strategy and just time you spend with market watching different pair, all that needs to be done in my point of view. Fibs are great tool for outlook, however they don't decide much on my entries.
Nice set up on NZD/CHF, already entered this morning as TDI had cross
Will be looking to TP around 61.8% or 50%Fibs, after 20 pips of profit I put SL on brake even. (sometimes I would exit after price crosses 15 EMA)


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Quoting taksistalo
Two days of testing the strategy went well, but I have added TDI as stated in previouse post. Big human thanks to mrdfx, and past away BIG E for the shares, I believe that good things come back to good people, hope you both are getting that.{image}
Which time frame are you using?
Quoting whiteeclipse
{quote} Which time frame are you using?
I use 4H and 1H, So I see set up is coming on 4 hour, I drop to 1 Hour to confirm it (usually when it's setting up on 4 hour it's already going in 1H) and than drop to even lower like 15-5 min to look for that entry.
Quoting mauinader
Hello all Can someone here kindly answer my question please? Can you put ea on different TIMES FRAMES ( changing magic number or not? ) in same computer or VPS. It seems to me that only the last one you put on works and not the first one. What are all the settings for ORDER TS 1 order TS2 etc. ( so far my personal experience and a friend is one hour wins and 4 hours does not so far. I have it on multiple account and one hour was the clear winner. May be it is because market volatility was not high? ?) AGAIN I want to strongly suggest ADDING a OTTIONNAL...
Hello mauinader yes you can use the EA on any time frame however best results is on the higher time frames like H4 and even D1 is doing well. You can try H1 as i'm also testing H1 time frame to see how it performs.

Please note that you must use a different magic number for each time frame you trade.
Truth is like poetry. And most people f*cking hate poetry.
Quoting luaciego
sorry for the question but are all these trades using the EA? Or manually using the strategy. Ive been manually using it on gold and its been awesome so far. Thinking about adding Fibonacci to get out of trades. Has anyone used Fibonacci
You can trade the EA on manual or auto, it's up to you which you prefer.

Some members are trading manual and some on auto.

No one is using Fibs as far as I know, but feel free to add that to your set up if you think it will improve your results.
Truth is like poetry. And most people f*cking hate poetry.
GN, price still respect 200 EMA as dynamic SnR.
i think if we add 200 EMA as fillter and trade only on SnR zone will be good result.
same as AJ trade and AU.
just newbie suggest.
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2% target/Month !
  • #1,250
  • Quote
  • Edited 9:56pm Dec 15, 2017 9:40pm | Edited 9:56pm
Quoting mrdfx
{quote} I took the buy on H4. I did see the move on D1, but it was already looking oversold so I followed on H4 and bought it.
thank you for repply my post MB, aprreciate it.

did you consider to take this pairs ?
EURGBP
GBPJPY

sorry my english not good.
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2% target/Month !
  • #1,251
  • Quote
  • Dec 16, 2017 11:07am Dec 16, 2017 11:07am
Quoting ebeckers
EA Version 1.15 Hi all, sorry for the lack of updates, Both my macs decided to die last week and so i had to wait for repairs. Luckily they are back home now and we can start coding again ! Here's the latest version including some new features and a few bugfixes v1.15 - added minsBetween2TradesOnSamePair . this setting specifies the nr or minutes before a new trade opened on the same pair - ea no shows the last trade made for a specific pair so we can verify if minsBetween2TradesOnSamePair setting is working ok - added missing pairs to default settings...
I ran the EA yesterday with great success, however something unusual happened that didn't make sense. I posted 2 charts earlier in the thread which showed the EA entering a trade on the next bar following the actual signal bar. The only reason I can determine why it might have happened would be due to installing and activating the new version. When I started it, it immediately entered the market. I don't know if anyone else had this happen but it might be something to look into because obviously we don't want to see very late entries after a move is already underway. I know the new v1.15 has a fix to prevent 2nd entries on a pair for a preset amount of time, bit I believe this is a different event. I will re-post a chart to help explain visually. Thanks again for this amazing EA - ;-)
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  • #1,252
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  • Dec 16, 2017 12:32pm Dec 16, 2017 12:32pm
another question on the EA and i dont know if this happens to everyone, take this friday for example. I turn on the AE on the four hour on Gold and it said sell EUR USd and sell Eur USd. Than i go to Eur usd on the 4hour time frame to check the trade and turn on the AE it doesnt say anything. It has happen a couple of times
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Hi sorry for the newbie question. But how do I set up mt4 alerts when all the conditions are met (or at least when the big arrow pops up)? I looked through all the menus enable alerts, but no luck. Please advise...
Quoting jsmanuse
{quote} I ran the EA yesterday with great success, however something unusual happened that didn't make sense. I posted 2 charts earlier in the thread which showed the EA entering a trade on the next bar following the actual signal bar. The only reason I can determine why it might have happened would be due to installing and activating the new version. When I started it, it immediately entered the market. I don't know if anyone else had this happen but it might be something to look into because obviously we don't want to see very late entries after...
I'm not sure about the reason for the delay of the signal, perhaps ebeckers can answer that better, I do see what you saying.
Truth is like poetry. And most people f*cking hate poetry.
Quoting jayjay1
Hi sorry for the newbie question. But how do I set up mt4 alerts when all the conditions are met (or at least when the big arrow pops up)? I looked through all the menus enable alerts, but no luck. Please advise...
If you set sendalerts = true you will get a pop up alert when there is a new valid signal on the dashboard. You can also enable email alerts if you like.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,256
  • Quote
  • Edited 4:58pm Dec 16, 2017 3:31pm | Edited 4:58pm
Hey guys so I have created a new demo account to test the EA over a 1 month period and then judge overall results. This is also to test different time frames as well as different settings, which will be more profitable.

I am testing 2 time frames, H4 and D1 only. I did test lower time frames (M15, M30, H1) this week, but they did not do very well, H4 and D1 performed much better so I will be sticking to these 2 time frames for this test.

I will also be testing whether using the TS settings is better, or leaving the TP at next new opposite Zig Zag arrow for overall max profit.

NOTE: I have not enabled the news filter, and I have set the SL at Zig Zag arrow. The EA will run 24/5.

This should prove to be an interesting test.
Truth is like poetry. And most people f*cking hate poetry.
Quoting mrdfx
{quote} I'm not sure about the reason for the delay of the signal, perhaps ebeckers can answer that better, I do see what you saying.
Thanks Mrd - in my experience working with EA's it's important to stay on task and focus on any loose parts. From what I, and a few others, have seen of the this EA, it's worth tweaking a bit so long as the thread doesn't devolve into adding other indicators etc. May you (and we) all have continued good luck!
what are the magic numbers for different time frames,may be I missed those posts,please direct me
Quoting luaciego
another question on the EA and i dont know if this happens to everyone, take this friday for example. I turn on the AE on the four hour on Gold and it said sell EUR USd and sell Eur USd. Than i go to Eur usd on the 4hour time frame to check the trade and turn on the AE it doesnt say anything. It has happen a couple of times{image}{image}
please use the ea on a normal currency pair, not on crypto's , metals, commodities or futures since these are a bit different
Quoting mrdfx
{quote} I'm not sure about the reason for the delay of the signal, perhaps ebeckers can answer that better, I do see what you saying.
Is this still happening with v1.15 ??
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