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Simple Daily Trend Reversal Trading System

  • #1
  • First Post: Edited Jan 2, 2019 11:58am Nov 9, 2017 2:17pm | Edited Jan 2, 2019 11:58am

***Please read this first post properly, yes this one! Please read the whole thread before posting a question that has already been answered multiple times!***



***PART II OPENED!***


https://www.forexfactory.com/showthread.php?t=864690


***STRATEGY UPDATED! 09/08/2018 - #4224***



Hello everyone I'd like to welcome you to my thread. I want to share with you a great strategy that I have been trading for over one year now consistently. I have had pretty good success with this strategy, and providing you follow ALL the trade rules of the strategy you can also have good success.

This strategy is based off of trading trend reversals. It requires you to be very patient, and calm as confirmed set ups are few, but when there is a confirmed set up it will be profitable most of the time. There are 4 main indicators that are used for this strategy.

We will trade mainly on H4 chart, although H1, and D1 time frames can also be used.

It is very important to make sure that all the indicators are in agreement for a confirmation of a trade, if not then it will reduce your probability of success.

Setting the SL & TP levels is a personal choice. For me when I do set a SL, I would normally set my SL at the previous swing high or swing low (previous ZigZag Arrow) and, check pivot levels. I also pay close attention to price action. The TP can either be a fixed target (+50-100 pips) or using Fibonacci retractment, % ADR, or when there is a new confirmed opposite signal to get maximum pips. You can also set a trailing stop after a predetermined min amount of pips made, and then move SL to BE etc. I will monitor the price action the majority of the time, and get out if I see the trend is changing, and a new reversal forming. Please see below the trade rules:


Rules to buy:

 

  1. A green ZigZag Arrow will appear.
  2. The Turbo JSRX indicator was/is in the oversold zone (Below the 30% level) and indicating a green uptrend.
  3. The price will hit and/or be within the pivot level zone (0-25 pips) levels, S61, S78, S100.
  4. When the candle crosses, and closes above the 10 EMA up from below, and only if the trade is still confirmed by the 3 indicators.


Rules to sell:

 

  1. A red ZigZag Arrow will appear.
  2. The Turbo JSRX indicator was/is in the overbought zone (Above the 70% level) and indicating a red down trend.
  3. The price will hit and/or be within the pivot level zone (0-25 pips) levels, R61, R78, R100.
  4. When the candle crosses, and closes below the 10 EMA down from above, and only if the trade is still confirmed by the 3 indicators.


So basically when all 3 indicators have confirmed a valid trade, and are all in 100% agreement with each other according to the rules, and the candle crosses, and closes above or below the 10 EMA, an order is validated, and opened.



It is also very important to monitor price action. Sometimes there will be a big fast move with the current candle shooting through the EMA, in that case I would not wait for the current candle to close, and I would enter straight away to catch the rest of the move. Do this at your own discretion!



This strategy works well, and I encourage all of you guys to try this strategy, and please share your results with us here in the thread. I know that this strategy can be very profitable for everyone. For now let us enjoy trading, and collecting more pips from the market!

Please subscribe to keep updated with all latest developments of this strategy.

Please give me your feedback, and lets all enjoy success from this strategy. Green pips to you all.

---> EDIT: Trade Explorer #1 added.

---> https://www.forexfactory.com/showthread.php?p=10597863#post10597863

---> FINAL update - https://www.forexfactory.com/showthread.php?p=10674489#post10674489


---> EDIT: Trade Explorer #2 added.

---> https://www.forexfactory.com/showthread.php?p=10681034#post10681034

---> FINAL update - https://www.forexfactory.com/showthread.php?p=10786194#post10786194


---> EDIT: LIVE Trade Explorer #3 added!

---> https://www.forexfactory.com/showthread.php?p=10792643#post10792643

***Previous EA set files***

---> Previously used set files: https://www.forexfactory.com/showthread.php?p=10877338#post10877338
---> Previous set files 1: https://www.forexfactory.com/showthread.php?p=10895866#post10895866
---> Previous set files 2: https://www.forexfactory.com/showthread.php?p=10994893#post10994893
---> Previous set files 3: https://www.forexfactory.com/showthread.php?p=11096360#post11096360

-------------------------------------------------------------------->>>

>>>F.A.Q.<<<


---> If you have any questions, and or something is not working correctly, please refer to these posts:

  1. The EA has an error/bug: https://www.forexfactory.com/showthread.php?p=10657522#post10657522
  2. The EA is not trading: https://www.forexfactory.com/showthread.php?p=10764025#post10764025
  3. I have different signals than on the TE: https://www.forexfactory.com/showthread.php?p=10909842#post10909842
  4. Something is wrong, and the EA isn't working properly: https://www.forexfactory.com/showthread.php?p=10902480#post10902480
  5. I have a question about the EA: https://www.forexfactory.com/showthread.php?p=10902480#post10902480
  6. The thread has too many pages to read: https://www.forexfactory.com/showthread.php?p=10902480#post10902480
  7. I haven't read the whole thread, and I have a question: https://www.forexfactory.com/showthread.php?p=10902480#post10902480


Simple Daily Trend Reversal Dashboard EA



The SDTR EA originally developed by ebeckers has been discontinued temporarily. Due to the poor results of the EA, and also that the strategy has been recently updated, it has been removed. We are currently working on a new EA with the updated strategy rules. It will be released for testing soon. Stay tuned!
Attached Image(s) (click to enlarge)
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Attached File(s)
File Type: zip Simple Daily Trend Reversal.zip   87 KB | 15,002 downloads | Uploaded Aug 9, 2018 9:46am
Truth is like poetry. And most people f*cking hate poetry.
  • #2
  • Nov 9, 2017 4:16pm Nov 9, 2017 4:16pm
Seems very interesting! Do these indicators repaint? Which pairs and TF have you used this on mostly?
  • #3
  • Nov 9, 2017 4:23pm Nov 9, 2017 4:23pm
Can you provide the settings for each indicator? I just loaded my charts with all the indicators you mentioned but it just looks totally different.
  • #4
  • Nov 9, 2017 4:28pm Nov 9, 2017 4:28pm
Thank you for sharing mrdfx, subscribed.
  • #5
  • Nov 9, 2017 4:41pm Nov 9, 2017 4:41pm
Quoting yalgaar
Can you provide the settings for each indicator? I just loaded my charts with all the indicators you mentioned but it just looks totally different.
try this template. the one he shared is getting the settings from a folder he has inside his indicators folder ( called NEW ).
the one attached will do.
Attached File(s)
File Type: tpl Trend Reveral Strategy.tpl   2 KB | 6,614 downloads
  • #6
  • Nov 9, 2017 4:52pm Nov 9, 2017 4:52pm
Quoting yalgaar
Seems very interesting! Do these indicators repaint? Which pairs and TF have you used this on mostly?
The only indicator that can repaint is the zig zag arrow, this is why I use the trend indicator, the stochastic and the SMA to make the confirmation before opening a trade.

I mainly trade the major pairs only, but it can be used on any pair you like, and I use it mainly on H4 and H1 TF.
Truth is like poetry. And most people f*cking hate poetry.
  • #7
  • Nov 9, 2017 4:53pm Nov 9, 2017 4:53pm
Quoting yalgaar
Can you provide the settings for each indicator? I just loaded my charts with all the indicators you mentioned but it just looks totally different.
I don't change any settings except for changing the colors to my preference.

On the stochastic MBFX timing indicator I remove the 50 level as its not really relevant to how I use it.
Truth is like poetry. And most people f*cking hate poetry.
  • #8
  • Nov 9, 2017 4:55pm Nov 9, 2017 4:55pm
Quoting guilherme
{quote} try this template. the one he shared is getting the settings from a folder he has inside his indicators folder ( called NEW ). the one attached will do. {file}
Thanks guilherme, I was hoping the template will be fine as I saved it from a Mac and sometimes the templates don't look the same on PC. I'll update the first post.
Truth is like poetry. And most people f*cking hate poetry.
  • #9
  • Nov 9, 2017 5:03pm Nov 9, 2017 5:03pm
Quoting guilherme
{quote} try this template. the one he shared is getting the settings from a folder he has inside his indicators folder ( called NEW ). the one attached will do. {file}
Thanks!
  • #10
  • Nov 9, 2017 5:37pm Nov 9, 2017 5:37pm
Hi yalgaar,

Long time no talk.

This seems perfect for you.
  • #11
  • Nov 9, 2017 11:29pm Nov 9, 2017 11:29pm
hello mrdfx , is this one is valid setup to sell ????
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 21 KB
  • #12
  • Nov 10, 2017 4:06am Nov 10, 2017 4:06am
Quoting supa88
hello mrdfx , is this one is valid setup to sell ???? {image}
You could take this trade (risky) but I would not trade it as the stochastic is not oversold too much. There also seems to be a lot of resistance from looking at the trend line. I would wait or check H4 for confluence.
Truth is like poetry. And most people f*cking hate poetry.
  • #13
  • Nov 10, 2017 4:24am Nov 10, 2017 4:24am
nice strategy you have here, simple and clean TF...
it would be much better if your zigzag indicator give alert, or someone can modified..

good luck and happy green pips
"bad trades at times do happen even when the set up are good"
  • #14
  • Nov 10, 2017 5:32am Nov 10, 2017 5:32am
Quoting mrdfx
{quote} You could take this trade (risky) but I would not trade it as the stochastic is not oversold too much. There also seems to be a lot of resistance from looking at the trend line. I would wait or check H4 for confluence.
Hi mrdfx

Did you mean stochastic is not overbought?
  • #15
  • Nov 10, 2017 5:34am Nov 10, 2017 5:34am
Here is a nice set up forming on GOLD. I'm just waiting for a close below the SMA and will open a sell trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-10 at 9.32.08 AM.png Size: 176 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #16
  • Nov 10, 2017 5:36am Nov 10, 2017 5:36am
Quoting yalgaar
{quote} Hi mrdfx Did you mean stochastic is not overbought?
Lol yes correct my error. I mix them up sometimes.
Truth is like poetry. And most people f*cking hate poetry.
  • #17
  • Nov 10, 2017 5:42am Nov 10, 2017 5:42am
1 quick clarification needed for a buy trade.

Lets say you get the Green Arrow from the ZigZag. You also notice that at this moment the MBFX indicator does show its oversold and has developed green color line.

The above conditions have met...but the trend line is not yet Green and the price has not moved above the 15SMA. You wait...now you notice that the trend line has turned green but price has still not crossed the 15SMA. You continue to wait.....now finally you see the price has crossed the 15SMA...but now the MBFX is not anymore at oversold levels (way above 30....more like 50 or 60)

what do you do in such a case?
  • #18
  • Nov 10, 2017 5:42am Nov 10, 2017 5:42am
Quoting mrdfx
{quote} Lol yes correct my error. I mix them up sometimes.
no worries, happens to me all the time! :-)
Also wanted to make sure someone does not get more confused.
  • #19
  • Nov 10, 2017 5:46am Nov 10, 2017 5:46am
Quoting mrdfx
Here is a nice set up forming on GOLD. I'm just waiting for a close below the SMA and will open a sell trade. {image}
But your MBFX indicator is now at around 50. Will this trade be still valid when the price crosses the 15SMA?

Also...I do notice that the price did cross the 15SMA in the previous candle? Why didn't you take the trade then? Or do we have to wait for the price to close below the 15SMA? and not just touch cross the 15SMA?

I am sorry about so many questions...I just want the rules to be clear.
  • #20
  • Nov 10, 2017 5:52am Nov 10, 2017 5:52am
Quoting yalgaar
1 quick clarification needed for a buy trade. Lets say you get the Green Arrow from the ZigZag. You also notice that at this moment the MBFX indicator does show its oversold and has developed green color line. The above conditions have met...but the trend line is not yet Green and the price has not moved above the 15SMA. You wait...now you notice that the trend line has turned green but price has still not crossed the 15SMA. You continue to wait.....now finally you see the price has crossed the 15SMA...but now the MBFX is not anymore at oversold...
In such a case if all 3 indicators are confirmed and the candle has crossed and closed above the SMA I will open a buy trade. The MBFX is to confirm the change in trend so even if its moving up to the 50 level from oversold it is still fine.
Truth is like poetry. And most people f*cking hate poetry.
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