Simple Daily Trend Reversal Trading System | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

Day Trading system - Simple system to make money 51 replies

Vince's Simple REVERSAL Strategy on Daily Chart... 8 replies

Simple, Profitable BB Reversal System: 25 replies

Simple Daily Trend System 14 replies

Attachments: Simple Daily Trend Reversal Trading System
Exit Attachments

Simple Daily Trend Reversal Trading System

  • #541
  • Nov 30, 2017 1:23am Nov 30, 2017 1:23am
Quoting sailorvt
Hi, is CADJPY a valid entry long? {image}
Apart from any signals from the system, you need to make sure that the close of that candle is above the highs of the 4 candles to the left with their highs at that level so be patient till 12 noon on that is my advice as it may be beaten back down as those previous highs act as a level to watch. Good luck
  • #542
  • Nov 30, 2017 3:42am Nov 30, 2017 3:42am
Hi,
I have some problems with the last version (111).
When i change timeframe it doesnt work.
Am I the only one?
Thank you
  • #543
  • Nov 30, 2017 4:22am Nov 30, 2017 4:22am
Quoting ebeckers
{quote} 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
Hi there, on a 5 digit broker are the pips entered into the ea settings as pips or points i.e ten pips is 10.0 or 100.0

Cheers
  • #544
  • Nov 30, 2017 4:47am Nov 30, 2017 4:47am
Quoting netnuta
{quote} Hi there, on a 5 digit broker are the pips entered into the ea settings as pips or points i.e ten pips is 10.0 or 100.0 Cheers
pips.. The EA will figure out the points based on the currency pair and if you are using a 3,4 or 5 digit broker
  • #545
  • Edited 6:18am Nov 30, 2017 5:11am | Edited 6:18am
it probably should relate to the ADR of the pair...= + location [r/s] imho

me i take 50 pips anytime & run , can Always reenter but thats just me
da n0o0b + $hit_Disturber
  • #546
  • Edited 7:20am Nov 30, 2017 6:55am | Edited 7:20am
So I've been running the EA on full auto trade for the last 3 days. Setting is on H4 only, so far total of 10 trades taken by the EA. 6 wins, 4 losses, 60% profitable overall.

It's still way to early to see how profitable trading this strategy with the EA on auto is, or whether sticking to manual is better. I will run the EA on auto for 1 month and then take a look at the numbers, and see the results.

Many thanks again to ebeckers for creating this awesome dashboard.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-30 at 10.50.02 AM.png Size: 97 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #547
  • Nov 30, 2017 7:19am Nov 30, 2017 7:19am
Quoting mrdfx
So I've been running the EA on full auto trad for the last 3 days. Setting is on H4 only, so far total of 10 trades taken by the EA. 6 wins, 4 losses, 60% profitable overall. It's still way to early to see how profitable trading this strategy with the EA on auto is, or whether sticking to manual is better. I will run the EA on auto for 1 month and then take a look at the numbers, and see the results. Many thanks again to ebeckers for creating this awesome dashboard. {image}
Thanks for that update. Good to know. Please keep us posted!
  • #548
  • Edited 7:34am Nov 30, 2017 7:20am | Edited 7:34am
Quoting money123456
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...
Hi money how do you make the EA send notification to you phone or anybody can tell me how to do it. Thanks
  • #549
  • Nov 30, 2017 7:21am Nov 30, 2017 7:21am
Quoting mrdfx
So I've been running the EA on full auto trad for the last 3 days. Setting is on H4 only, so far total of 10 trades taken by the EA. 6 wins, 4 losses, 60% profitable overall. It's still way to early to see how profitable trading this strategy with the EA on auto is, or whether sticking to manual is better. I will run the EA on auto for 1 month and then take a look at the numbers, and see the results. Many thanks again to ebeckers for creating this awesome dashboard. {image}
Thx mrdfx!
Nice to hear that its making money so far. I agree we need a much a longer test period. 10 trades is not a lot.
What i've seen sofar is that the EA gives perfect signals for entry (according to the strategy offcourse.)
Biggest problem however is deciding when to exit a trade and take profit (or loss)
I believe that this exit strategy will determine if the EA will make profit in the long run.
Perhaps i can use the strategy tester to optimize the SL/TP levels for the last 5 yrs or so..

But even if we are not able to come up with a good exit strategy, then still the EA is very usefull if you want to trade this strategy.
Just disable auto-trading and enable alerts and wait for alerts to come in. You can then do manual trading using the signals the EA gave you
  • #550
  • Nov 30, 2017 7:33am Nov 30, 2017 7:33am
Thanks both,
you are great, smart!
I wish to learn to program as ebeckers!
Ebecker is it possible that the dashboard does not refresh?
Is it working on H1 and H4? or have i to set on settings?
i agree thath the exit timing will make the difference.
thanks
  • #551
  • Nov 30, 2017 7:33am Nov 30, 2017 7:33am
Oh and @mrfdx
Could you post your settings ? Thx!
  • #552
  • Nov 30, 2017 7:40am Nov 30, 2017 7:40am
Quoting Heisenberg96
Hi, I have some problems with the last version (111). When i change timeframe it doesnt work. Am I the only one? Thank you

Yes, i'm experiencing same. It freezes.
  • #553
  • Nov 30, 2017 7:42am Nov 30, 2017 7:42am
Quoting ebeckers
Oh and @mrfdx Could you post your settings ? Thx!
Sure, but please bare in mind about the TS settings, as I'm still playing around with the numbers to see what works better, so those could change.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-30 at 11.40.30 AM.png Size: 142 KB
Click to Enlarge Name: Screen Shot 2017-11-30 at 11.40.47 AM.png Size: 134 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #554
  • Nov 30, 2017 7:44am Nov 30, 2017 7:44am
Quoting ebeckers
{quote} Thx mrdfx! Nice to hear that its making money so far. I agree we need a much a longer test period. 10 trades is not a lot. What i've seen sofar is that the EA gives perfect signals for entry (according to the strategy offcourse.) Biggest problem however is deciding when to exit a trade and take profit (or loss) I believe that this exit strategy will determine if the EA will make profit in the long run. Perhaps i can use the strategy tester to optimize the SL/TP levels for the last 5 yrs or so.. But even if we are not able to come up with...

Yes the exit strategy is very vital in determining the profitability of the EA on the long run.
  • #555
  • Nov 30, 2017 7:47am Nov 30, 2017 7:47am
I just want to echo everyone else in saying well done to ebeckers for building this amazing dashboard. It works like a charm
  • #556
  • Nov 30, 2017 8:12am Nov 30, 2017 8:12am
Quoting mrdfx
So I've been running the EA on full auto trade for the last 3 days. Setting is on H4 only, so far total of 10 trades taken by the EA. 6 wins, 4 losses, 60% profitable overall. It's still way to early to see how profitable trading this strategy with the EA on auto is, or whether sticking to manual is better. I will run the EA on auto for 1 month and then take a look at the numbers, and see the results. Many thanks again to ebeckers for creating this awesome dashboard. {image}
These are my results on V9 today so far, on demo of course still. I feel it needs monitoring closely for PA exits etc.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 192 KB
  • #557
  • Nov 30, 2017 8:12am Nov 30, 2017 8:12am
@mrdfx , when will u go Live with this EA ?
da n0o0b + $hit_Disturber
  • #558
  • Nov 30, 2017 8:20am Nov 30, 2017 8:20am
Quoting pamc
{quote} These are my results on V9 today so far, on demo of course still. I feel it needs monitoring closely for PA exits etc.{image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 158 KB
  • #559
  • Nov 30, 2017 8:35am Nov 30, 2017 8:35am
Quoting pamc
{quote} These are my results on V9 today so far, on demo of course still. I feel it needs monitoring closely for PA exits etc.{image}
How many days has it been on auto trade? Your results do not look so good. I also suggest you update to the latest version 1.11 as there have been many updates.
Truth is like poetry. And most people f*cking hate poetry.
  • #560
  • Nov 30, 2017 8:37am Nov 30, 2017 8:37am
Quoting pipsy7
@mrdfx , when will u go Live with this EA ?
Personally we still a long way away from live trading. Like I said in a previous post, the EA needs more long term testing. I will be leaving it on auto for 1 month and then checking the overall results and profitability.

In the meantime I'll stick to manual trading on my live account.
Truth is like poetry. And most people f*cking hate poetry.
2 traders viewing now