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Simple Daily Trend Reversal Trading System

  • #701
  • Dec 1, 2017 1:48pm Dec 1, 2017 1:48pm
Quoting ebeckers
{quote} not, ea will indeed show on the current chart, not in a separate window

Okay, I wanted it to open in another window like i see others, but no worries THANXX!!! I'm learning
  • #702
  • Dec 2, 2017 4:38am Dec 2, 2017 4:38am
I started to study MQL4

I am trying to deep uderstand how the indicators of this strategy works.

How is calculated the arrow in the grafic ( red or green) of zig zag indicator? Can you explain the logic of where the arrow is pointed?
I opened the code but as a newbie is though to understand .
I saw variable wich can be modified as parameter but i do not understand the logic of calculation
extern int ExtDepth=12;
extern int ExtDeviation=5;
extern int ExtBackstep=3;

the arrow is not only where the price reach the max or the low of a trend because in some points is not set the arrow even if it seems the max or min.

The difference beetween MBFX Timing indicator and RSI o Sthocastic?


My question is just to improve my knowledge of what is a great strategy.

Thanks for help.
Paolo
  • #703
  • Dec 2, 2017 5:40am Dec 2, 2017 5:40am
Quoting paolo7
I started to study MQL4 I am trying to deep uderstand how the indicators of this strategy works. How is calculated the arrow in the grafic ( red or green) of zig zag indicator? Can you explain the logic of where the arrow is pointed? I opened the code but as a newbie is though to understand . I saw variable wich can be modified as parameter but i do not understand the logic of calculation extern int ExtDepth=12; extern int ExtDeviation=5; extern int ExtBackstep=3; the arrow is not only where the price reach the max or the low of a trend because...
If you look in the 1st post you can find all the source of the indicators..
This is what i used for the EA
Attached File(s)
File Type: mq4 MBFX Timing.mq4   4 KB | 753 downloads
File Type: mq4 Trend Line.mq4   3 KB | 766 downloads
File Type: mq4 Zig Zag Arrow.mq4   4 KB | 648 downloads
  • #704
  • Dec 2, 2017 6:51am Dec 2, 2017 6:51am
Thanks.
i have already watched in the code, i will do again trying to understand it.
Good weekend!
p.
  • #705
  • Dec 2, 2017 7:33am Dec 2, 2017 7:33am
Quoting shiva
Simple strategy EA trades 30 Nov 2017 (EA v111) {image} The preset file - If anyone needs it. Rename .txt to .set {file} Also ; Take a look at Bitcoin daily chart {image}
Did you close the trades manually to have these results ? Or you let the ea to close them?
  • #706
  • Dec 2, 2017 7:43am Dec 2, 2017 7:43am
I think you are all concentrating on the EA rather that the actual strategy and what we could all develop and improve.

There's always improvement in whatever system.

I personally like to trade manually for the passion of it.
  • #707
  • Dec 2, 2017 4:14pm Dec 2, 2017 4:14pm
Wonderful thread and wonderful system. Probably one of the most promising systems on FF I've come across. I was just wondering if there is anyone using this system with Heiken Ashi candles? Or would you advise against it?

I'm a huge fan of heiken ashi as the price action/Trend is MUCH smoother and entries and exits are alot more noticeable. As per this strategy
  • #708
  • Dec 3, 2017 4:13am Dec 3, 2017 4:13am
I think it is a very effective strategy. But for backtesting, it would have been nice if I had seen all of the past arrow keys of the Zig ZAg Arrow. I want to check if it's a good idea to add to the position whenever a confirmed arrow appears.

gynexx
  • #709
  • Dec 3, 2017 4:38am Dec 3, 2017 4:38am
Thanks all for the help,
i cannot understand the code of indicators( zig zag and MBFX)
Can someone explain me the math/logic formula of zig zag and MBFX too....the max or the min of what? or what else take in consideration?
MBFX is similar to stochastic but which is the difference?

I am starting to study coding but i am on the way and to difficult to understand the code of both indicators.

I am thinking also if to study MQL4 or go to Python or Java...googling around MQL4 is not considered a good way for algo trading....but i will oper another thread, it is not correct to talk about it here.

I am an engineer, may be my background bring me to understand the logic of what i am using.

Thanks again

Paolo
  • #710
  • Dec 3, 2017 5:30am Dec 3, 2017 5:30am
Quoting neutrinox
Wonderful thread and wonderful system. Probably one of the most promising systems on FF I've come across. I was just wondering if there is anyone using this system with Heiken Ashi candles? Or would you advise against it? I'm a huge fan of heiken ashi as the price action/Trend is MUCH smoother and entries and exits are alot more noticeable. As per this strategy
I have never tried or used Heiken Ashi so I have no idea if it will be a good addition to the strategy. You are welcome to add it if you think it will improve things for you, but as I'm not familiar with HA I will stick to my original strategy.
Truth is like poetry. And most people f*cking hate poetry.
  • #711
  • Dec 3, 2017 5:33am Dec 3, 2017 5:33am
Quoting gynexx
I think it is a very effective strategy. But for backtesting, it would have been nice if I had seen all of the past arrow keys of the Zig ZAg Arrow. I want to check if it's a good idea to add to the position whenever a confirmed arrow appears. gynexx
It would be hard to do a proper back test as the zig zag is a repainting indicator. I would not advise adding a position only when an arrow appears, this is why there are 3 additional indicators that are used to confirm a reversal.
Truth is like poetry. And most people f*cking hate poetry.
  • #712
  • Dec 3, 2017 5:55am Dec 3, 2017 5:55am
Quoting mrdfx
{quote} It would be hard to do a proper back test as the zig zag is a repainting indicator. I would not advise adding a position only when an arrow appears, this is why there are 3 additional indicators that are used to confirm a reversal.

No, to add only when the trade is confirmed by all the indicators, but later, the trade failed. So, not for all the arrows.
(Sorry for my English)
  • #713
  • Dec 3, 2017 7:26am Dec 3, 2017 7:26am
Quoting neutrinox
Wonderful thread and wonderful system. Probably one of the most promising systems on FF I've come across. I was just wondering if there is anyone using this system with Heiken Ashi candles? Or would you advise against it? I'm a huge fan of heiken ashi as the price action/Trend is MUCH smoother and entries and exits are alot more noticeable. As per this strategy
Cooler than heiken ashi is if you dont look at chart at all
  • #714
  • Dec 3, 2017 7:37am Dec 3, 2017 7:37am
Hey guys,

Do you know if this has email alerts? or is it easy to add?

Thanks
  • #715
  • Dec 3, 2017 12:39pm Dec 3, 2017 12:39pm
Ebeckers what is the .DS _ Store and where should tht be placed?
  • #716
  • Dec 3, 2017 1:15pm Dec 3, 2017 1:15pm
Quoting pamc
Ebeckers what is the .DS _ Store and where should tht be placed?
oh you can just delete it, its some file my mac osx creates for each folder
  • #717
  • Dec 3, 2017 1:46pm Dec 3, 2017 1:46pm
Quoting ebeckers
{quote} not, ea will indeed show on the current chart, not in a separate window

Lastly ebeckers, the FFcal indicator when I click it, it does nothing. I had put it in the indicators folder, is that correct? And why does it do nothing when I double click it? Just making sure I have it set up properly. And once I activate the template on any given pair, will it execute the trade automatically or is it still manual? Thanxx again in advance!!!
  • #718
  • Dec 3, 2017 9:34pm Dec 3, 2017 9:34pm
I trade this on a daily candle rather than the 4 hr, audusd is a buy as of todays open
  • #719
  • Dec 3, 2017 10:15pm Dec 3, 2017 10:15pm
Quoting ebeckers
I've been trading this strategy for quite some time already. Its pretty good, but with 2 extra indicators it will become better - a S/R indicator. Trades are only allowed if they appear at a S/R level - a channel surfer indicator. Trades are only allowed if they follow the channel Here is a setup currently forming on USDCAD green arrow has appeared trend indicator is green MBFX < 30 all happening at a support level ! channel is up now waiting for price to close above the SMA before we can go long. {image} {image}
Can you share that support and resistance indicator please? Thankyou
  • #720
  • Dec 4, 2017 3:17am Dec 4, 2017 3:17am
Quoting Ruckstar
{quote} Lastly ebeckers, the FFcal indicator when I click it, it does nothing. I had put it in the indicators folder, is that correct? And why does it do nothing when I double click it? Just making sure I have it set up properly. And once I activate the template on any given pair, will it execute the trade automatically or is it still manual? Thanxx again in advance!!!
FFCal is no longer needed with the latest version of the EA
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