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Simple Daily Trend Reversal Trading System

  • #181
  • Nov 17, 2017 2:55am Nov 17, 2017 2:55am
This is a great system. It is the first system that I have looked at that actually makes money.

Here are my entries are EUR/AUD for this week. I trade on H1 charts using the strategy as stated. I look back a maximum of 2 candles on the MBFX Timing indicator for overbought and oversold. The change I have made is I take the trade when the Trend Line crosses the 15 MA. This is why I have marked on the screenshot where the signal is and where the trade is taken.

https://www.screencast.com/t/NlBbiQ0YjBBa
  • #182
  • Nov 17, 2017 2:57am Nov 17, 2017 2:57am
Quoting alhalawi
mrdfx I LOVE YOU BRO Never been so relaxed applying a strategy in Forex and so confident as putting the rules {image}
Your entry on which TF
  • #183
  • Nov 17, 2017 2:57am Nov 17, 2017 2:57am
Quoting mrdfx
{quote} Interesting your price feed is slightly different to mine, obviously the server time from you broker is reason for that. Stick to the rules and when confirmed. I'm still monitoring the current candle on GOLD H4, and will wait for proper confirmation.
which currency pairs you normally trade?
  • #184
  • Nov 17, 2017 3:05am Nov 17, 2017 3:05am
Quoting hzs10
{quote} Your entry on which TF
i am loking at H4 and entry on pullback on H1

i found this more reliable because entry on H4 when candle close above/below SMA will most of the times have a pullback before going in the trend so i don't want a DD

i have attached before what i did on EUR USD

i hope it works well
  • #185
  • Nov 17, 2017 3:13am Nov 17, 2017 3:13am
AUD and NZD have killed us
  • #186
  • Nov 17, 2017 3:56am Nov 17, 2017 3:56am
Nice job gsgee7, appreciate the information.
  • #187
  • Nov 17, 2017 4:17am Nov 17, 2017 4:17am
Hi Quite interesting method.

I have one questions look at cadusd H4 chart. Are you going to add position here too ?
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 53 KB
MA provides the market's current direction and strength.
  • #188
  • Edited 6:37am Nov 17, 2017 6:25am | Edited 6:37am
Hello guys I'm back. I had a busy day yesterday so didn't have much time for posting on FF. Yesterday was a pretty good day and I took some nice pips and ran. I did see some more set ups but I didn't take them.

Yesterday I traded;

CHFJPY +52 pips.
CADCHF +66 pips.
USDCHF +31 pips.

Total 149 pips for the day.

Today is a Friday and unless there are some really solid set ups I won't be trading as I don't like to hold trades over the weekend. I see there were some reversals and pullbacks earlier on AUD and NZD which would have stopped some of you out if you were buying them. Ok let me read and catch up and reply to your messages.
Truth is like poetry. And most people f*cking hate poetry.
  • #189
  • Nov 17, 2017 6:30am Nov 17, 2017 6:30am
Quoting arjasepp
Hi, I entered several setups, waiting for what is going to happen with them First, is this proper entry? I entered EURUSD like this or the MBFX is going wrong way for the entry? The rules, let me get if I got it right, 1) Upper arrow appears 2) Trendline is red aka going down 3) MBFX should be overbought? But I guess it is now basically oversold, maybe not the best entry? 4) Candle crosses the SMA {image} Then I entered USDJPY like this, but I entered one candle too soon again, but I guess, I got lucky, I mean the last candle is not over...
Hello arjasepp looking at EURUSD it was a valid sell even though the stochastic was going into the oversold zone at the time of the first signal it was overbought. Think of it as a sequence of confirmations before opening a trade. We get the first signal to buy or sell from the arrow, then we wait for confirmation from the stochastic and trend line. Once they have confirmed we are 90% sure to go, and only wait for the final confirmation of the cross and close of the SMA. Sometimes by the time the candle cross the SMA the stochastic won't always still be in the OB or OS zones but that's still ok cos at the time of the signal it was OB or OS.
Truth is like poetry. And most people f*cking hate poetry.
  • #190
  • Nov 17, 2017 6:35am Nov 17, 2017 6:35am
Quoting jmag
With respect, I empathize with hoping for a method, but picking tops and bottoms with a zig-zag? The other indicators won't help you in a trend going the wrong way. I confirmed from just eyeballing on a simulator, so just my opinion. I suggest a thorough back test.
Hello jmag we don't just pick any tops and bottoms. There are rules to this and process of confirmations before opening a trade. You are certainly entitled to your own opinion as this is a public forum so no disrespect taken.

The great thing about forex is that there are literally 1000's of strategies out there, and the beauty of free will is we can choose what we think is good or not, and what we think will work for us or not. I've been using this strategy successfully since early this year so I think I can say its been successfully back tested, and if this is not for you that's totally fine. Cheers.
Truth is like poetry. And most people f*cking hate poetry.
  • #191
  • Nov 17, 2017 6:37am Nov 17, 2017 6:37am
Quoting hasib
Hi Quite interesting method. I have one questions look at cadusd H4 chart. Are you going to add position here too ? Thanks {image}
I don't normally add positions on pullbacks but that certainly is a good idea, and something to think about. Thanks.
Truth is like poetry. And most people f*cking hate poetry.
  • #192
  • Nov 17, 2017 6:57am Nov 17, 2017 6:57am
Nice trades yesterday mrdfx!.
  • #193
  • Nov 17, 2017 8:07am Nov 17, 2017 8:07am
Quoting mrdfx
Valid sell trade on USDZAR. {image}
This trade is completely swimming in profits. More than 3000 pips.
Truth is like poetry. And most people f*cking hate poetry.
  • #194
  • Nov 17, 2017 8:24am Nov 17, 2017 8:24am
Quoting mrdfx
{quote} This trade is completely swimming in profits. More than 3000 pips.
ermm.. is that not 300 pips ?? And with a spread of 90 thats a pretty risky deal ;-)
  • #195
  • Nov 17, 2017 8:37am Nov 17, 2017 8:37am
Quoting ebeckers
{quote} ermm.. is that not 300 pips ?? And with a spread of 90 thats a pretty risky deal ;-)
Pips are calculated slightly differently with exotic pairs like ZAR, trust me I know. The spread is high, but so too is the reward.
Truth is like poetry. And most people f*cking hate poetry.
  • #196
  • Nov 17, 2017 8:57am Nov 17, 2017 8:57am
Quoting mrdfx
{quote} Hello thanks for the compliment. The Trend Line indicator is trend based so it is lagging, but it is not repainting.
OKIEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE GOT IT THANK YOU SO MUCH OF RESPONDING
  • #197
  • Nov 17, 2017 1:52pm Nov 17, 2017 1:52pm
Can we know what you look for in H1 to confirm, cause I see most of the times there is DD when u enter on first cross of candle closing above/below H4 chart.
  • #198
  • Nov 18, 2017 12:34pm Nov 18, 2017 12:34pm
Quoting alhalawi
Can we know what you look for in H1 to confirm, cause I see most of the times there is DD when u enter on first cross of candle closing above/below H4 chart.
I don't tend to use H1 for confirmation, mostly if I check H1 it is to see potential set ups forming and then monitor them, but like I said this strategy can be used on any TF, but I have found the lower TF to be more noisy and unpredictable with more false signals so I stick mostly with H4.
Truth is like poetry. And most people f*cking hate poetry.
  • #199
  • Nov 19, 2017 8:20am Nov 19, 2017 8:20am
Over 1000 downloads! WOW!

Welcome to everyone who downloaded my strategy.

I will really appreciate all your feedback on your results from testing my strategy.
Truth is like poetry. And most people f*cking hate poetry.
  • #200
  • Nov 19, 2017 8:23pm Nov 19, 2017 8:23pm
As for now, I got 90pips to profit from EURJPY, so my overall score is a bit on the minus side of the pips, but the money wise I am still at loss, but I must admit it, that since I am starting and I want to trade only one strategy at a time, then I will quit this for now, but I will say this, that I will start working on this strategys EA, to test it out automatically on my demo account. I can keep you updated on this, if I start and how it goes.
For me I had several SL's, so will stop it for now, but as it is based on indicators, then I will try to start EA on this. I want to learn how to make one as I am a developer and keen on learning new stuff
If anybody has already started or done some EA on this, then let us know
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