Simple Daily Trend Reversal Trading System

all 8 trades stopped out
by EA

i am also not able to hide these.

You need to delete/remove the EA before you can make changes to your symbols list, then restart the EA.

Just like to thank mrdfx for posting this system, and ebeckers for developing the EA, a nice system that has potential!

[quote=mrdfx;10478647]. Setting the TP & SL levels is a personal choice. For me if I do set a SL, I would normally set my SL at the previous high or low, and I also pay attention to price action. The TP can be a fixed target (50-100 pips) or either using Fibonacci retractment, or when there is the next confirmed signal to get maximum pips. I will monitor price action most of the time, and get out if I see the trend is changing and a new reversal forming.

In the EA settings the hidden SL is set to 20, although we can change it to the number we want but, don't you think there should be an option in the EA to set the SL according to your 1st post i.e. previous high/low?. if we want to set it to the previous candle high/low, we need to first calculate the price then set the number in the hidden SL input manually.

Yes pls can you add SL and TP to this EA!!
And choose if do trailing or not!
Thank you for your help

If you want a fixed SL/TP then that is already possible . No need for extra settings
For a fixed SL/TP:

1) set stopLossAtZigZagArrow=false
2) set OrderHiddenSL to the SL you want
3) set all the OrderTSx and OrderTSxTrigger settings to the TP level you want

[quote=croftr;10543341]

Many thanks croftr, your advice worked for me. I've been able to maintain only 28 pairs in my window.

5 positions open today, lets see how this plays out.

Ok here is version 1.10
I basicly rewrote the entire news filter. Before we where using FFCal for news but did give problems since this EA is trading on multiple pairs instead of just 1 pair
So when news for EURUSD came in, the EA would stop trading on all other pairs as well, which is not really necessary.
With the new news filter it will only stop trading pairs for which news is coming in and continue trading on others.

To make things more clear the EA will show you when a news filter is active on a pair and/or when the time filter is active on a pair
Besides the news filter i've added a new setting called TradePairs where you can specify which pairs are allowed for trading

Version 1.10

1.10
- fixed bugs where ea did not open new orders when there was upcoming news for other currency pairs
- ea will now show per pair when its not trading due to time- or news filter restrictions
- added new pair filter which allows you to specify which pairs you want to trade

1.09
- fixed error 4107 invalid price xxx for OrderSend function
- fixed error 4107 invalid price xxx for OrderClose function
1.08
- changed default for trendline and zigzag/mbfx candles
- EA send same alert every minute
- made MA15 more restrict
- use the Point & Digit values from the order-symbol when trailing stoploss
1.07
- added news filter ( needs FFCal indicator to be installed)
- fixed dashboard refresh issue
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
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
- initial version

Well done Ebeckers! Many thanks

Awesome, thank you for all your hard work!!.

I cant hide on global prime either but I can on axi

Hi, I seem to have a display issue with the news...Any one else getting it on 1.10?

Are you trading manually or automated?

wow, missed audnzd. 70 pips in a h4 candle

Version 1.11

Just fixed a small issue where news was overlapping with the trade panel.
And news color now tells how high the impact is. Low impact=green, Medium impact=orange, high impact=red

Thanks Ebeckers,
i am new to the forum and newbye, this is a fantastic place to learn and grow up ( sorry for my english, i am trading from Italy) i am using your EA. It seems does not refresh, What i mean is that does not refresh the list of the pairs invoved in the strategy and the signal. To make happen the refresh i have to close the Metatrade every some time . I do not know if it is an impression because may be there are not any change in the list of pairs or there is something wrong.

Right now i have too only AUDCHF buy signal. Let see today.

Thanks again to MRDFX and Ebeckers for the great job. If you come in Italy i offer you a nice Italia Pizza

Paolo

Team - Some Notes So Far:

I have been trying this system for a 3 days now and just wanted to share some observations & points for discussion.

1. I like the idea of an EA, but for this system, where there are not so many trades (if using 4H) I think manual execution is probably best. as you can look at the full picture.

2. The EA is fantastic for giving signals and alerts to my phone so I don't need to sit at screen all day

3. As a few others mentioned the best entry may well be to wait for the retrace (or add a buy/sell limit) I have tried it and it is a good addition to think about.

4. News is important for example the recent OPEC meetings stopped out a CAD trade i made yesterday..I forgot CAD is commodities driven. Any thoughts on how much time to wait before/after related RED news?

5. Patience is important you may need to wait 2-3 days to get 100 pips with a 50SL

6. My account started at 800...600...1200..800..1000..now at 1100 not bad for 3 days, as its demo have been risking 25% on each trade which is a big risk but if I only start with 800GBP its probably worth it! .... you need to be prepared for some ups and downs on the way....

7. I haven't decided yet but it may be better to take 50 pips rather than wait for 100 even if its 1:1 risk return ..what do others think? it probably should relate to the ADR of the pair...any thought son this?

8. Has anyone tried this with Exotics/indicies? tried with them on other systems but always seemed to get burnt....any thoughts anyone?

9. Considering using a trade manager (rather than the EA) - to manage break even / SL TP etc..is anyone using one and if so what settings?

10. Opposite color Zig Zag arrows will appear..I first panicked and closed the trade, however these will generally move and repaint, its not necessarily a reason to close the trade...unless the full 3 part signal is given.

comments / thoughts appreciated.

Hi, is CADJPY a valid entry long?