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Simple Daily Trend Reversal Trading System

  • #261
  • Nov 22, 2017 4:03pm Nov 22, 2017 4:03pm
Rules to buy:

 

  1. First a green Zig Zag Arrow will appear.
  2. Second the MBFX Timing indicator is oversold (Below the 30% level) and indicating a green uptrend.
  3. Third the Trend Line indicator is showing green uptrend.
  4. When the candle crosses and closes above the 15 SMA up from below, and only if the trade is still confirmed by the 3 indicators.


Quick Question:
Lets say the Zig Zag Arrow appears. But the MBFX indicator is still not below 30%. For how long is the setup still valid? I mean if the indicator does not go below 30% for 10 4H candles and it now goes finally below 30% level, should you still consider the trade?

  • #262
  • Nov 23, 2017 2:12am Nov 23, 2017 2:12am
hi All , and thanks for this system

my problems with this system are :
1- following the Zigzag arrows , I solved it with Dashboard , which show the Arrows on 28 pairs
(it is EA , just put it in any frame any pair , it will show the zigzag arrows on H1 time frame , i don't know if it will work with
pairs those have following like : EURUSDm , or EURUSDk or EURUSDecn ..., pls try it , but with normal pairs (EURUSD) it work well
and we may develop it later by adding other indicators then make it completely auto.....)

2-the target : should be a rule for it , many deals closed at 20 points and the price go on more than 80 point ...
(my Idea was , after 20-30 pip close half of lot and move the stop lose at the entry point ....) , any other Ideas ??
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM5.png Size: 40 KB
Attached File(s)
File Type: ex4 ZIG_DASH.ex4   21 KB | 571 downloads
  • #263
  • Edited 5:52am Nov 23, 2017 5:26am | Edited 5:52am
NZD/JPY starting to form a long on the 4HR time frame. Something to keep an eye on.
Attached Image (click to enlarge)
Click to Enlarge Name: NZD JPY 4HR Buy.png Size: 29 KB
  • #264
  • Nov 23, 2017 5:32am Nov 23, 2017 5:32am
Quoting yalgaar
Rules to buy: First a green Zig Zag Arrow will appear. Second the MBFX Timing indicator is oversold (Below the 30% level) and indicating a green uptrend. Third the Trend Line indicator is showing green uptrend. When the candle crosses and closes above the 15 SMA up from below, and only if the trade is still confirmed by the 3 indicators. Quick Question: Lets say the Zig Zag Arrow appears. But the MBFX indicator is still not below 30%. For how long is the setup still valid? I mean if the indicator does not go below 30% for 10 4H candles and it now...
If the MBFX indicator is not in an ON or OS zone I will not consider the trade. I don't expect for all confirmations to be on the same candle but if the MBFX is not even close or does not look like it will be in the zone then I will not take the trade.
Truth is like poetry. And most people f*cking hate poetry.
  • #265
  • Nov 23, 2017 5:33am Nov 23, 2017 5:33am
Quoting mrdfx
{quote} Both running in nice profit.
These 2 trades are swimming in pips.
Truth is like poetry. And most people f*cking hate poetry.
  • #266
  • Nov 23, 2017 5:39am Nov 23, 2017 5:39am
[quote=Patso;10523283]NZD/JPY starting to form a long on the 4HR time frame. Something to keep an eye on. {image}[/quote

got in that trade several candles ago just getting past breakeven now
  • #267
  • Nov 23, 2017 5:43am Nov 23, 2017 5:43am
Quoting Waddah
hi All , and thanks for this system my problems with this system are : 1- following the Zigzag arrows , I solved it with Dashboard , which show the Arrows on 28 pairs (it is EA , just put it in any frame any pair , it will show the zigzag arrows on H1 time frame , i don't know if it will work with pairs those have following like : EURUSDm , or EURUSDk or EURUSDecn ..., pls try it , but with normal pairs (EURUSD) it work well and we may develop it later by adding other indicators then make it completely auto.....) 2-the target : should be a rule...
Awesome, nice work Waddah. Is there any chance of you doing a Zig_Dash for H4 timeframe?

  • #268
  • Nov 23, 2017 6:03am Nov 23, 2017 6:03am
Quoting Patso
NZD/JPY starting to form a long on the 4HR time frame. Something to keep an eye on. {image}
I'm watching this trade. It seems to be in a kind of range so I'll be watching for a breakout to enter.
Truth is like poetry. And most people f*cking hate poetry.
  • #269
  • Nov 23, 2017 6:10am Nov 23, 2017 6:10am
Quoting mrdfx
{quote} I'm watching this trade. It seems to be in a kind of range so I'll be watching for a breakout to enter.

Did I jump in too early? I watched as it closed about the 15sma almost 2 days ago at 76.695
  • #270
  • Nov 23, 2017 7:05am Nov 23, 2017 7:05am
Quoting sheppy
{quote} Did I jump in too early? I watched as it closed about the 15sma almost 2 days ago at 76.695
As it's been ranging for the last 2 days I'll be looking for a break above 76.800 before I enter a buy.
Truth is like poetry. And most people f*cking hate poetry.
  • #271
  • Nov 23, 2017 7:23am Nov 23, 2017 7:23am
will this be a valid entry if the current H4 candle closes above the SMA15?
Attached Image (click to enlarge)
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  • #272
  • Nov 23, 2017 7:26am Nov 23, 2017 7:26am
Quoting Marto24
{quote} Awesome, nice work Waddah. Is there any chance of you doing a Zig_Dash for H4 timeframe?


sure , i am working in another way now , we will got the arrow when entry rules are complete (Zigzag + Close over moving + green SDL + MBFX)
then you open the relative chart and place the order ....just need some days ...maybe next monday will be complete
  • #273
  • Nov 23, 2017 7:28am Nov 23, 2017 7:28am
Quoting Waddah
{quote} sure , i am working in another way now , we will got the arrow when entry rules are complete (Zigzag + Close over moving + green SDL + MBFX) then you open the relative chart and place the order ....just need some days ...maybe next monday will be complete
Nice !!! will you also open-source it ? I'm working on a new dual grid hedging maritingale ea (which will be opensourced) and perhaps it would be nice to combine both strategies
  • #274
  • Nov 23, 2017 7:47am Nov 23, 2017 7:47am
Quoting yalgaar
will this be a valid entry if the current H4 candle closes above the SMA15? {image}
Yes that is a valid set up building. Wait for the trend Line to turn to green uptrend and after the cross of the SMA it will be confirmed.
Truth is like poetry. And most people f*cking hate poetry.
  • #275
  • Nov 23, 2017 7:48am Nov 23, 2017 7:48am
Quoting Waddah
{quote} sure , i am working in another way now , we will got the arrow when entry rules are complete (Zigzag + Close over moving + green SDL + MBFX) then you open the relative chart and place the order ....just need some days ...maybe next monday will be complete
Very interesting approach, I look forward to seeing what you do.
Truth is like poetry. And most people f*cking hate poetry.
  • #276
  • Nov 23, 2017 8:18am Nov 23, 2017 8:18am
My trend indicator only shows "Red" color. There is no "Green" I just used the template on Post#1. Any idea what could be the reason? I am attaching screenshot that shows I don't have any "Green" even though there is uptrend. Also screenshot of the settings that I currently have.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 15 KB
Attached Images
  • #277
  • Nov 23, 2017 8:37am Nov 23, 2017 8:37am
Quoting yalgaar
My trend indicator only shows "Red" color. There is no "Green" I just used the template on Post#1. Any idea what could be the reason? I am attaching screenshot that shows I don't have any "Green" even though there is uptrend. Also screenshot of the settings that I currently have. {image} {image} {image}
That is very strange as it looks different on my chart. I'm not sure why yours is not letting you change color. The exact indicators I'm using is what I uploaded on the first post.
Truth is like poetry. And most people f*cking hate poetry.
  • #278
  • Nov 23, 2017 8:43am Nov 23, 2017 8:43am
Hello,

pls mention step by step how to install that tool in MT4. I have loaded the template but it seems not working!
Attached Image (click to enlarge)
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  • #279
  • Nov 23, 2017 8:58am Nov 23, 2017 8:58am
Quoting mrdfx
{quote} That is very strange as it looks different on my chart. I'm not sure why yours is not letting you change color. The exact indicators I'm using is what I uploaded on the first post.
It is letting me change colors. Do I need to change anything? Thought it already has "Green" and "Red" so I believe I don't need to change anything.
  • #280
  • Nov 23, 2017 9:23am Nov 23, 2017 9:23am
Quoting yalgaar
{quote} It is letting me change colors. Do I need to change anything? Thought it already has "Green" and "Red" so I believe I don't need to change anything.
Hey yalgaar, mine did that too. I deleted the trend line indicator and re-added it and it worked properly then!!
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