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Simple Daily Trend Reversal Trading System

  • #361
  • Nov 26, 2017 1:49pm Nov 26, 2017 1:49pm
Quoting ebeckers
{quote} No.. these are no longer used and thus removed ;-) How it works now: for buy signals (sell is same but reverse) - EA will look ZigZagCandles back for a buy arrow - MBFX 1) should be green at previous candle and 2) should have reached a level < 30 somewhere the previous MBFXCandles candles - trend: should be green at previous candle - MA15: the close of the previous candle should be above the SMA15 I verified all pairs on several timeframes and it looked pretty good to me So I hope these rules are correct, if not.. let me know ;-)
Ok makes sense I think I get what you saying, so now the EA will cross check the MBFX, and trend line on the previous candle, so its not looking back # candles as before?
Truth is like poetry. And most people f*cking hate poetry.
  • #362
  • Nov 26, 2017 2:04pm Nov 26, 2017 2:04pm
Just loaded the latest version and see a problem with signal confirmation. On H1, AUDJPY meets all the criteria for a sell trade, but MA15 in the dashboard does not have a green check mark.
  • #363
  • Nov 26, 2017 2:05pm Nov 26, 2017 2:05pm
Quoting mrdfx
{quote} Ok makes sense I think I get what you saying, so now the EA will cross check the MBFX, and trend line on the previous candle, so its not looking back # candles as before?
Yes and no ;-)
for buy signals it checks:
- MBFX green at previous candle
- trend green at previous candle
- price above the SMA15 at previous candle

But.. it also looks back MBFXCandles candles to check if MBFX was below 30, if MBFX was never below 30 then there is no valid signal for the MBFX indicator
and off course it also checks back ZigZagCandles candles for buy/sell arrows
  • #364
  • Nov 26, 2017 2:07pm Nov 26, 2017 2:07pm
I normally use a simple TS, so the EA version is somewhat confusing to me. Can someone post a simple example showing TS1 - TS4 inputs with a simple explanation?
  • #365
  • Nov 26, 2017 2:10pm Nov 26, 2017 2:10pm
Quoting ChicagoRob
Just loaded the latest version and see a problem with signal confirmation. On H1, AUDJPY meets all the criteria for a sell trade, but MA15 in the dashboard does not have a green check mark.
This is correct price did NOT close below SMA15 on previous candle, so no green check mark is shown
the price is below MA15 on the current candle, but under normal conditions when the market is open the current candle is still open and in progress, so first candle is ignored
We only look at the previous candle!
Attached Image (click to enlarge)
Click to Enlarge Name: candles.jpg Size: 240 KB
  • #366
  • Nov 26, 2017 2:34pm Nov 26, 2017 2:34pm
Quoting hotsand
Hi mrdfx, intersting and promising strategy, just discovered this weekend, will test next week. I wonder will Arrow 1 disappear once current level is broken up shortly (during coming week)? I’m trying to understand what is the logic behind in finding new highs/lows within trend. If price goes up and Arrow 1 disappeared how does it explain that Arrow 2 already sits there lower and will not disappear by any means. In my understanding Arrow 1 is only pretending to be a new high. Just an assumption - should current level to be a false high then Arrow...
Hello hotsand, correct arrow 1 or the arrow on the current candle can disappear if the trend continuation is strong and rejects a reversal, this is why we have additional indicators to confirm a valid trade, I think I already explained this previously on one of the pages, you can check.

Arrow 2 will not disappear as after that there was a clear reversal move to the downside, and then the market reversed again with the buy arrow. That market move was completed, and the current arrow 1 is showing a potential reversal from the previous upside reversal.
Truth is like poetry. And most people f*cking hate poetry.
  • #367
  • Nov 26, 2017 4:19pm Nov 26, 2017 4:19pm
Well done Ebeckers and all those who're trying to make the dashboard and auto trading work excellently, God bless you all. Great progress have been made here just within few days.
  • #368
  • Nov 26, 2017 4:20pm Nov 26, 2017 4:20pm
Quoting mrdfx
Hello everyone I'd like to welcome you to my thread. I want to share with you a strategy that I have been trading since early this year. I have had good success with this strategy, and providing you follow the trade rules of the strategy you can achieve close to 80% 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 very profitable most of the time. 4 indicators and are used for this strategy, I found them free online...
Hello, Thank you for sharing your ideas.
i would like to aske you if i want to use your template, should i have wich platform??MT4? or ??
thank you.
  • #369
  • Nov 26, 2017 4:31pm Nov 26, 2017 4:31pm
Quoting afgan84
{quote} Hello, Thank you for sharing your ideas. i would like to aske you if i want to use your template, should i have wich platform??MT4? or ?? thank you.
Hello afgan84 this strategy is working on MT4 only.
Truth is like poetry. And most people f*cking hate poetry.
  • #370
  • Edited 6:34pm Nov 26, 2017 5:28pm | Edited 6:34pm
Attached Image
da n0o0b + $hit_Disturber
  • #371
  • Nov 26, 2017 7:32pm Nov 26, 2017 7:32pm
@ebeckers, what timeframes you use? I started your dash to see how the day goes and I see that some have arrow, but if I look the 4H one, then there is none yet or it is too far. Also I set the candles to check lower as I dont think that too long time to react will be good. Just testing it out. I built my EA mainly to use 4h one as this is the TF @mrdfx uses for his strategy. Will observe more
  • #372
  • Nov 26, 2017 7:51pm Nov 26, 2017 7:51pm
Quoting pipsy7
@rushamg = FWIW C post#299
we're talking about different things! in my post there is nothing to do with your post 299
  • #373
  • Nov 26, 2017 10:11pm Nov 26, 2017 10:11pm
i noticed that while alternating between timeframes sometimes, the readings on my dashboard remain same, the dashboard freezes, is anyone experiencing same?
  • #374
  • Nov 26, 2017 10:56pm Nov 26, 2017 10:56pm
Quoting timidave
i noticed that while alternating between timeframes sometimes, the readings on my dashboard remain same, the dashboard freezes, is anyone experiencing same?
yes there seems to be a bug that the dashboard does not refresh sometimes if you switch between timeframes. will fix that today
  • #375
  • Nov 26, 2017 11:43pm Nov 26, 2017 11:43pm
mrdfx, please check this euraud 4H pic for last week shows all the conditions met but price still went up
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 32 KB
  • #376
  • Nov 26, 2017 11:53pm Nov 26, 2017 11:53pm
New version of the dashboard.
Fixed the problem that the dashboard was not refreshing sometimes when switching timeframes

Version 1.05
1.05 :
- fixed bug dashboard was not refreshing somtimes when switching between timeframes
1.04
- added (hidden) trailing stoploss/profit
- fixed some false signals
1.03
- added auto trading feature
- added sending notifications to mobile and alerts to alert window
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
Attached File(s)
File Type: ex4 SimpleDailyTrendReversalv105.ex4   91 KB | 495 downloads
  • #377
  • Nov 27, 2017 12:24am Nov 27, 2017 12:24am
Quoting ebeckers
New version of the dashboard. Fixed the problem that the dashboard was not refreshing sometimes when switching timeframes Version 1.05 1.05 : - fixed bug dashboard was not refreshing somtimes when switching between timeframes 1.04 - added (hidden) trailing stoploss/profit - fixed some false signals 1.03 - added auto trading feature - added sending notifications to mobile and alerts to alert window 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...
in version 1.05 a deal was opened and closed immediately 2 times
Attached Image (click to enlarge)
Click to Enlarge Name: 7D43D883-D558-47BB-886F-CF5DF707285D.jpeg Size: 142 KB
  • #378
  • Nov 27, 2017 1:27am Nov 27, 2017 1:27am
Quoting rushamg
{quote} in version 1.05 a deal was opened and closed immediately 2 times {image}
Yes.. seems to be something wrong with the trailing stoploss code. Working on it!
  • #379
  • Nov 27, 2017 2:30am Nov 27, 2017 2:30am
Think i fixed the problem.. EA is running good atm ;-)
Will let it trade a couple of trades and if all goes well upload the new version afterwards
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.jpg Size: 222 KB
  • #380
  • Nov 27, 2017 3:17am Nov 27, 2017 3:17am
Watching EUR/USD on H1
got the arrow
watching for a close below 15 SMA and red trendline.
What do you guys think?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 103 KB
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