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Simple Daily Trend Reversal Trading System

  • #61
  • Nov 10, 2017 12:24pm Nov 10, 2017 12:24pm
The last candle cross the line much lower ... you don't catch all the move but the rest of it
  • #62
  • Nov 10, 2017 12:25pm Nov 10, 2017 12:25pm
Nice system I am more worry about the zig zag that redesign itself ... will be nice to know when it first appear so we can monitor the historic fake signal
  • #63
  • Nov 11, 2017 12:46am Nov 11, 2017 12:46am
Quoting mrdfx
{quote} Hello aaven. 1. No they don't, you can use any TF, but I like to check on different TF for confluence and extra confirmation. If there is a trade possibility on H1 I like to check H4 to be sure, but mostly I'll be on H4. 2. Yes any TF you like but as I said in the first post, lower TF have more noise and false move so you need to be more cautious or apply additional confirmations of your choice. 3. As I've said before you can set your TP and SL to your preferable MM rules. You can either set a fixed TP, use fibonacci or close when the next...
Thanks MrDFx for taking the time to answer my queries. It's much appreciated...
  • #64
  • Nov 11, 2017 1:41am Nov 11, 2017 1:41am
i still can not get the same chart as it shows in post 1.
indicators do not work at all.
any idea how can i make it work?
fred
  • #65
  • Nov 11, 2017 7:02am Nov 11, 2017 7:02am
Quoting fredgold3434
i still can not get the same chart as it shows in post 1. indicators do not work at all. any idea how can i make it work? fred
Hello fredgold3434 did you try both templates that were provided in the zip folder? One works for Mac the other for PC. Make sure all the indicators are installed on your MT4 and then load the template.
Truth is like poetry. And most people f*cking hate poetry.
  • #66
  • Nov 11, 2017 7:05am Nov 11, 2017 7:05am
Quoting rockknmike
Nice system I am more worry about the zig zag that redesign itself ... will be nice to know when it first appear so we can monitor the historic fake signal
Yes the zig zag arrow can repaint sometimes in a strong trending pair, this is why I use the trend indicator, the stochastic and the SMA to make the confirmation before opening a trade, which will reduce any false signals and increase success.
Truth is like poetry. And most people f*cking hate poetry.
  • #67
  • Nov 11, 2017 7:13am Nov 11, 2017 7:13am
Quoting mrdfx
Buy set up on USDCAD forming. It's looking good on H1, now just waiting for confirmation from the stochastic and SMA on H4 to enter. {image}
Set up on UC did not complete yesterday so I will monitor it on Monday for confirmation of entry.
Truth is like poetry. And most people f*cking hate poetry.
  • #68
  • Nov 12, 2017 6:06am Nov 12, 2017 6:06am
Hiii Mrdfx ....
I agree with the use of Zigzag Arrow for Reversal, because ZigZag is a BreakOut Indicator after passing a few candles (Depth),
For reversal need another indicator for confirmation.

Conversely, BUY can also be done at the time of Red Arrow first appeared, as well as SELL at the first Green Arrow appeared. Which means following the Breakout trend pattern.

Both can be applied to smaller Timeframes (Scalper).

Rgds
margiyono61 gmail com, Telegr @Margiyono
  • #69
  • Nov 12, 2017 7:31am Nov 12, 2017 7:31am
Quoting mrdfx
{quote} GOLD has paid very nicely. Analysis and signal was {image}
I dont know why you got a signal there please trade like you post it in you rules.

You have to wait for a close below the SMA for a short trade.
So your trade would be in minus right now
  • #70
  • Nov 12, 2017 1:22pm Nov 12, 2017 1:22pm
hi mrdfx
i dont know why my trend line is always red?
any idea how to fix it?
thanks
fred
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 31 KB
  • #71
  • Nov 12, 2017 3:18pm Nov 12, 2017 3:18pm
Quoting Mr.Trader123
{quote} I dont know why you got a signal there please trade like you post it in you rules. You have to wait for a close below the SMA for a short trade. So your trade would be in minus right now
Hi Mr.Trader123, I did write on the first post that "It's also very important to monitor price action, and the candles. Sometimes there will be a big fast move with the current candle shooting through the SMA, in that case I wouldn't wait for the current candle to close, and I would enter straight away to catch the rest of the move."
Truth is like poetry. And most people f*cking hate poetry.
  • #72
  • Nov 12, 2017 3:19pm Nov 12, 2017 3:19pm
Quoting fredgold3434
hi mrdfx i dont know why my trend line is always red? any idea how to fix it? thanks fred {image}
Hi fredgold3434 In the settings of the trend line indicator you can edit the colors of the trend line to match the template if it didn't load the same.
Truth is like poetry. And most people f*cking hate poetry.
  • #73
  • Nov 13, 2017 4:05am Nov 13, 2017 4:05am
Longed usdcad.
Attached Image
  • #74
  • Nov 13, 2017 5:19am Nov 13, 2017 5:19am
Quoting hzs10
Longed usdcad. {image}
Is the signal still valid even after 6 candles since the arrow appeared?
  • #75
  • Nov 13, 2017 5:22am Nov 13, 2017 5:22am
Quoting hzs10
Longed usdcad. {image}
Yes correct, USDCAD is confirmed buy, and I've entered.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-13 at 9.21.15 AM.png Size: 135 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #76
  • Nov 13, 2017 5:25am Nov 13, 2017 5:25am
Quoting Hazza88
{quote} Is the signal still valid even after 6 candles since the arrow appeared?
Yes it is. Remember the arrow will be the first signal, then the stochastic, trend line, and finally the SMA for the confirmation, so until we get the final confirmation from the SMA it could be 2-8 candles.
Truth is like poetry. And most people f*cking hate poetry.
  • #77
  • Nov 13, 2017 5:27am Nov 13, 2017 5:27am
It looks like I missed a buy entry on USDCHF. I'll be watching to enter after it's completed the small pullback and crossed the SMA again.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-13 at 9.21.50 AM.png Size: 159 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #78
  • Nov 13, 2017 6:07am Nov 13, 2017 6:07am
Quoting mrdfx
It looks like I missed a buy entry on USDCHF. I'll be watching to enter after it's completed the small pullback and crossed the SMA again. {image}
Would that second opportunity your waiting for have to have all the requirements of the original entry point, or will you open it simple after it has closed above the SMA once more?
  • #79
  • Nov 13, 2017 6:34am Nov 13, 2017 6:34am
Quoting Hazza88
{quote} Would that second opportunity your waiting for have to have all the requirements of the original entry point, or will you open it simple after it has closed above the SMA once more?
All 3 indicators would still need to be valid and confirmed, then I would only look at the recross of the SMA to enter after the pullback.
Truth is like poetry. And most people f*cking hate poetry.
  • #80
  • Nov 13, 2017 7:29am Nov 13, 2017 7:29am
Quoting mrdfx
{quote} All 3 indicators would still need to be valid and confirmed, then I would only look at the recross of the SMA to enter after the pullback.
so you couldnt take the recross until the stoch for example had returned to oversold and was coming up out of it again?
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