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Simple Daily Trend Reversal Trading System

  • #381
  • Nov 27, 2017 4:05am Nov 27, 2017 4:05am
I just took the CADCHF on the 4h
Attached Image (click to enlarge)
Click to Enlarge Name: Trade 440.GIF Size: 16 KB
  • #382
  • Nov 27, 2017 4:26am Nov 27, 2017 4:26am
Longed AU, NU, AJ, NJ
  • #383
  • Nov 27, 2017 4:40am Nov 27, 2017 4:40am
Great set-up russian30, thanks for the heads up!.
  • #384
  • Nov 27, 2017 4:45am Nov 27, 2017 4:45am
USD JPY setting up for a short.
Attached Image (click to enlarge)
Click to Enlarge Name: USD JPY 4HR Set Up.png Size: 29 KB
  • #385
  • Nov 27, 2017 4:49am Nov 27, 2017 4:49am
I'm not sure the dash is working correctly! the trade I just took on CADCHF has the zigzag arrow on the dash showing down with no other confirmations
Attached Image

while the CADCHF 4h chart is clearly showing conformations and an up zig zag arrow
Attached Image


All the setting at the same with the zigzag indicator and the dash settings both at 60, 5, 3.

Any ideas?
  • #386
  • Nov 27, 2017 5:03am Nov 27, 2017 5:03am
version 1.06:

1.06
- fixed bug with trailing stop
- fixed bug that EA was opening just 1 order even if there where valid signals on multiple pairs
- dashboard: show buy/sell signal when all indicators are valid
- cleaned up code
Attached File(s)
File Type: ex4 SimpleDailyTrendReversalv106.ex4   98 KB | 476 downloads
  • #387
  • Nov 27, 2017 5:07am Nov 27, 2017 5:07am
USD CHF setting up for a long.
Attached Image (click to enlarge)
Click to Enlarge Name: USD CHF 4HR Set Up.png Size: 31 KB
  • #388
  • Nov 27, 2017 5:15am Nov 27, 2017 5:15am
can you please suggest any EA for trailing or lock profits
when you not around to watch the charts
because take profit not always as expected
for this example i have attached last signal was in profit
Attached Image (click to enlarge)
Click to Enlarge Name: achf.jpg Size: 149 KB
  • #389
  • Nov 27, 2017 5:20am Nov 27, 2017 5:20am
Quoting russian30
I'm not sure the dash is working correctly! the trade I just took on CADCHF has the zigzag arrow on the dash showing down with no other confirmations {image} while the CADCHF 4h chart is clearly showing conformations and an up zig zag arrow {image} All the setting at the same with the zigzag indicator and the dash settings both at 60, 5, 3. Any ideas?
please try v1.06 and check if this still occurs for you
  • #390
  • Nov 27, 2017 5:41am Nov 27, 2017 5:41am
ok thanks i thought it only dashboard
  • #391
  • Nov 27, 2017 5:56am Nov 27, 2017 5:56am
Quoting beethoven
can you please suggest any EA for trailing or lock profits when you not around to watch the charts because take profit not always as expected for this example i have attached last signal was in profit {image}
I am using Quick Trailing
Attached File(s)
File Type: ex4 Quik_Trailing.ex4   13 KB | 441 downloads
  • #392
  • Nov 27, 2017 6:09am Nov 27, 2017 6:09am
Quoting ebeckers
{quote} please try v1.06 and check if this still occurs for you
Thanks ebeckers. Its fixed. I had the EA attached to a indice chart (ftse100) rather than a currency chart. that is what was sending it out of whack.
  • #393
  • Nov 27, 2017 6:21am Nov 27, 2017 6:21am
Quoting timilehin
mrdfx, please check this euraud 4H pic for last week shows all the conditions met but price still went up {image}
Yes EUR was trending strong so there was no reversals confirming. Even I'm still a EUR trade as its sitting on near 6 month resistance levels, and should reverse soon.
Truth is like poetry. And most people f*cking hate poetry.
  • #394
  • Nov 27, 2017 6:22am Nov 27, 2017 6:22am
Quoting ebeckers
{quote} please try v1.06 and check if this still occurs for you

hello , for the Auto trading , which indicator you consider it as entry trigger(the others should filters or entry confirmation )?
  • #395
  • Nov 27, 2017 6:25am Nov 27, 2017 6:25am
Quoting ebeckers
{quote} please try v1.06 and check if this still occurs for you
Great work on the EA, thanks.
Please can you add red news filter to the wishlist. to stop trades happening within a defined number of minutes before and after a major news event.
  • #396
  • Nov 27, 2017 6:27am Nov 27, 2017 6:27am
Quoting beethoven
can you please suggest any EA for trailing or lock profits when you not around to watch the charts because take profit not always as expected for this example i have attached last signal was in profit {image}
Like I said in the beginning this strategy is not 100% so there will be some trades that don't go our way, its to be expected.

In a strong trending pair, reversals can be rejected a few times, but with the extra confirmations I have in the strategy we reduce and filter out false reversals and losing trades, but like I said we won't win them all. If your MM is right then even with some losses this strategy will still be very profitable for you as it has been for me.
Truth is like poetry. And most people f*cking hate poetry.
  • #397
  • Nov 27, 2017 6:28am Nov 27, 2017 6:28am
I've entered 2 buy entries on CADCHF & AUDCHF.

Good luck today guys!
Truth is like poetry. And most people f*cking hate poetry.
  • #398
  • Nov 27, 2017 7:09am Nov 27, 2017 7:09am
Quoting mrdfx
I've entered 2 buy entries on CADCHF & AUDCHF. Good luck today guys!
I didnt take the cadchf because the timing indicator was in the overbought area. maybe i was being a bit over cautions.Please keep us updated on that one.
audchf looked perfect so im in that one.
D.
  • #399
  • Nov 27, 2017 7:21am Nov 27, 2017 7:21am
Quoting nihilist23uk
{quote} I didnt take the cadchf because the timing indicator was in the overbought area. maybe i was being a bit over cautions.Please keep us updated on that one. audchf looked perfect so im in that one. D.
On CADCHF I don't see the stochastic in overbought unless you are viewing on a different time frame? I am trading on H4 and its looking good.
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Click to Enlarge Name: Screen Shot 2017-11-27 at 11.24.41 AM.png Size: 168 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #400
  • Nov 27, 2017 7:36am Nov 27, 2017 7:36am
Quoting mrdfx
{quote} On CADCHF I don't see the stochastic in overbought unless you are viewing on a different time frame? I am trading on H4 and its looking good. {image}
Mine was showing over 70 at the time i checked,still is now.Im sure i checked on the opening of candle,That why i passed it.
Attached Image (click to enlarge)
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