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Simple Daily Trend Reversal Trading System

  • #321
  • Nov 25, 2017 1:06pm Nov 25, 2017 1:06pm
Quoting yalgaar
{quote} Will this work on all Time Frames? If I throw this on W1 or D1 will it show all accordingly?
You can throw it on W1/D1 , but signals shown are all for H4
But good suggestion! Will see if i can make it work so it shows signals for the current timeframe.
  • #322
  • Nov 25, 2017 1:22pm Nov 25, 2017 1:22pm
Ok, last version for today, i promise :-)

Now works on all timeframes.
So put it on D1 it will give signals for D1 , put it on H1 and it will give signals for H1

Release notes:
1.02

  1. made it work on any timeframe

1.01

  1. EA will now only show pairs where setups are starting to happen. Pairs where nothing is happening are filtered out.
  2. You can now setup the moving average period and moving average type
  3. You can configure the number candles to look back for zigzag, mbfx, trendline
  4. fixed some small bugs

1.00

  1. first version

Attached File(s)
File Type: ex4 SimpleDailyTrendReversal.ex4   31 KB | 517 downloads
  • #323
  • Nov 25, 2017 1:27pm Nov 25, 2017 1:27pm
Wow now we really getting somewhere this is a big step up! Thanks ebeckers for your contribution to make this better.

I think it would be a good idea to make it MTF, for those who like trading on other time frames besides H4. Personally H4 has been the best time frame for this strategy, but other might not like trading on H4.

As for the trend line, and the editable inputs to change the parameters, that's cool I guess so traders can customize it, although I found the standard setting of period - 10, method - 3, price - 0, worked best.
Truth is like poetry. And most people f*cking hate poetry.
  • #324
  • Nov 25, 2017 1:28pm Nov 25, 2017 1:28pm
Quoting ebeckers
Ok, last version for today, i promise :-) Now works on all timeframes. So put it on D1 it will give signals for D1 , put it on H1 and it will give signals for H1 Release notes: 1.02 made it work on any timeframe 1.01 EA will now only show pairs where setups are starting to happen. Pairs where nothing is happening are filtered out. You can now setup the moving average period and moving average type You can configure the number candles to look back for zigzag, mbfx, trendline fixed some small bugs 1.00 first version {file}
I will update post 1 to include this new addition to the strategy.
Truth is like poetry. And most people f*cking hate poetry.
  • #325
  • Nov 25, 2017 1:35pm Nov 25, 2017 1:35pm
Quoting mrdfx
{quote} I will update post 1 to include this new addition to the strategy.
Thx.. off course we need to test the EA to see if it shows the correct signals.
Looks ok so far, but market is closed now.. So please all test it next week and let me know if anyone find any bugs.
Once the signals the EA gives are verified & confirmed we could start thinking about enhancing it by letting this thing trade automatically ;-)
  • #326
  • Nov 25, 2017 2:53pm Nov 25, 2017 2:53pm
Hi Ebecker , how do install the simple reversal EA MT4 on ?
  • #327
  • Nov 25, 2017 2:57pm Nov 25, 2017 2:57pm
Quoting ebeckers
Ok, last version for today, i promise :-) Now works on all timeframes. So put it on D1 it will give signals for D1 , put it on H1 and it will give signals for H1 Release notes: 1.02 made it work on any timeframe 1.01 EA will now only show pairs where setups are starting to happen. Pairs where nothing is happening are filtered out. You can now setup the moving average period and moving average type You can configure the number candles to look back for zigzag, mbfx, trendline fixed some small bugs 1.00 first version {file}
You mentioned D1 and H1...will it work for W1 as well? Can you please confirm?
  • #328
  • Nov 25, 2017 3:01pm Nov 25, 2017 3:01pm
Quoting yalgaar
{quote} You mentioned D1 and H1...will it work for W1 as well? Can you please confirm?
It should work on any timeframe
  • #329
  • Nov 25, 2017 3:51pm Nov 25, 2017 3:51pm
Quoting timilehin
Hi Ebecker , how do install the simple reversal EA MT4 on ?
It is an expert advisor so you need to install it to your experts folder in MT4.
Truth is like poetry. And most people f*cking hate poetry.
  • #330
  • Nov 25, 2017 4:10pm Nov 25, 2017 4:10pm
Great work with the strategy Mrdfx and thanks for sharing.

Fabulous work with the dashboard ebeckers. Bravo!
  • #331
  • Nov 25, 2017 4:28pm Nov 25, 2017 4:28pm
Well done Ebeckers with the dashboard. I hope there's nothing i'm not doing correctly as it seems to freeze my MT4 platform
  • #332
  • Nov 25, 2017 4:41pm Nov 25, 2017 4:41pm
Quoting ebeckers
Ok, last version for today, i promise :-) Now works on all timeframes. So put it on D1 it will give signals for D1 , put it on H1 and it will give signals for H1 Release notes: 1.02 made it work on any timeframe 1.01 EA will now only show pairs where setups are starting to happen. Pairs where nothing is happening are filtered out. You can now setup the moving average period and moving average type You can configure the number candles to look back for zigzag, mbfx, trendline fixed some small bugs 1.00 first version {file}
This your work on the dashboard...... very impressive! I hope we can look forward to a fully automated EA in the nearest future, too. Many thanks.
  • #333
  • Nov 25, 2017 4:51pm Nov 25, 2017 4:51pm
Things are looking good. Will test this week and see how it goes with the accuracy.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-25 at 8.45.12 PM.png Size: 103 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #334
  • Nov 25, 2017 4:56pm Nov 25, 2017 4:56pm
@ ebeckers I was thinking what if there could be an alert when all conditions were confirmed by the dashboard?
Truth is like poetry. And most people f*cking hate poetry.
  • #335
  • Nov 26, 2017 12:29am Nov 26, 2017 12:29am
Thank you very much @ebeckers!
  • #336
  • Nov 26, 2017 2:15am Nov 26, 2017 2:15am
Quoting mrdfx
@ ebeckers I was thinking what if there could be an alert when all conditions were confirmed by the dashboard?
Yes an alert would really help! Great work thanks
  • #337
  • Edited 3:12am Nov 26, 2017 2:48am | Edited 3:12am
New day.. new version ;-)

release notes
1.03
- added auto trading feature
- added sending notifications to mobile and alerts to alert window (set sendAlerts=true to enable this)
1.02
- made it work on any timeframe
1.01
- EA now only show pairs where setups are starting to happen
- made moving average period and moving average type configurable
- made # candles to look back for zigzag, mbfx, trendline configurable
- fixed some small bugs
1.00
- first version

yes you read it correctly, this thing is now able to open trades by itself.
Please please test this first, either in backtesting or on a demo account. Don't blame me if you loose all your $ because of this EA ;-)
When you enable trading, you will get the following trade panel which shows the status of all open (and closed) trades

Trade settings:

allowTrading:
use this to turn on/off trading.

takeProfitPips:
number of pips when order is closed and profit is taken

stopLossAtZigZagArrow:
When true the stoploss will be placed at the zigzag arrow.
When false the stoploss will be placed at stopLossPips

stopLossPips:
stoploss used when stopLossAtZigZagArrow=false

UseMoneyManagement:
When true the lotsize will be calculated based on your account balance and the RiskPercentage
When false the FixedLotSize will be used

RiskPercentage
Risk in % (1-100) of your account balance to use for each trade. (Only used when UseMoneyManagement=true)

FixedLotSize
lot size to use (Only used when UseMoneyManagement=false)

MagicNumberBuy / MagicNumberSell
magic numbers for buy/sell orders by this EA.

BuyComment / Sellcomment
comments shown for trades made by this EA.

TimeFilter:
Here you can specify on which days of the week the EA is allowed to trade and during which time period
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ea.jpg Size: 163 KB
Click to Enlarge Name: ea2.jpg Size: 144 KB
Click to Enlarge Name: alerts.jpg Size: 165 KB
Attached File(s)
File Type: ex4 SimpleDailyTrendReversal.ex4   79 KB | 609 downloads
  • #338
  • Nov 26, 2017 3:01am Nov 26, 2017 3:01am
Quoting ebeckers
New day.. new version ;-) release notes 1.03 - added auto trading feature - added sending notifications to mobile and alerts to alert window (set sendAlerts=true to enable this) 1.02 - made it work on any timeframe 1.01 - EA now only show pairs where setups are starting to happen - made moving average period and moving average type configurable - made # candles to look back for zigzag, mbfx, trendline configurable - fixed some small bugs 1.00 - first version yes you read it correctly, this thing is now able to open trades by itself. Please please...
Great work ebeckers and mrdfx!

I'll be testing this week
  • #339
  • Nov 26, 2017 3:40am Nov 26, 2017 3:40am
Quoting ebeckers
{quote} Sure why not ;-) MovingAverageCandles = # of candles to look back for a confirmation of the moving average MovingAveragePeriod = period of the moving average MovingAverageType = moving average type (0=sma, 1=ema, 2=smoothed, 3=linear weighted) Also EA will now only show pairs which have a zigzag arrow in the last ZigZagCandles candles. Guess its no use to show pairs where nothing is happening {file} {image}


Great work , you complete the idea perfectly , thanks so much ....
  • #340
  • Nov 26, 2017 6:43am Nov 26, 2017 6:43am
Quoting mrdfx
@ ebeckers I was thinking what if there could be an alert when all conditions were confirmed by the dashboard?
Congratulations on the thread! You did a great job, this is a very interesting system. There is a proposal to create a pin indicator and output on the Board from all known aeseme?
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