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Simple Daily Trend Reversal Trading System

Quoting lctrader11
I haven't thought this request thru all the way, but here goes... I love the idea of hidden SL/TP, but as I try to make adjustments to using this on different timeframes, obviously the range of those would be different from the defaults. During AutoTrading, is there a way to place horizontal lines on the chart for both the SL & TP when the EA has placed a trade? If I employ the trailing stop function, it would be cool if a PSAR-type indicator could also be shown so that you have an idea it is working properly as well. If would be comforting to know...
With the recent update update you can see the hidden SL level as the active trade info is now visible on the chart.

As for the TP levels you can also follow that using the same info by monitoring the profit and pip values on the chart. If your TP is 50 pips and you can see the trade says 45 then you close to TP.
Truth is like poetry. And most people f*cking hate poetry.
Quoting ficibald
{quote} when you put it on D1 then you are one laizy person

How long have you been trading? I suggest you keep your personal opinions to yourself as you obviously don't understand the benefiits of long term daily chart trading))
Please play nice guys, we all on the same side here.
Truth is like poetry. And most people f*cking hate poetry.
Hello guys,

My first entry:
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Click to Enlarge Name: USDCADpH4.png Size: 29 KB
Here is the second one. And i just want to thank you @mrdfx for sharing and those who contribute.
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Click to Enlarge Name: EURCADpH4.png Size: 26 KB
Quoting mrdfx
{quote} AUDCAD is not valid as the MBFX was not in overbought zone, it was overbought before the zig zag arrow. CADCHF was not picked up as the MBFX was on the 30% line and not below. ebeckers is making a fix as this should be valid.
Has trade set ups where MBFX was in overbought zone just before the zigzag arrow, and other rules of the system in place turned out to be mostly bad trades from experience? I wish i had this as optional in the EA, as i have been successful with such trades so far. But that may be a deviation from your system rules.
Quoting ebeckers
Version v1.13 Whats new : - The EA will now show a list of open orders it is currently managing, together with the # pips in profit/loss and the (virtual) stoploss reached so far. - The EA will now close an order if a new opposite zigzag arrow appears. So if you have an open buy order and an sell arrow appears then it will close the buy order - Fixed a bug that after a restart the SL was always placed at the OrderHiddenSL and not at the zigzagarrow. When starting up the EA will now look back to find the last zigzagarrow and when stopLossAtZigZagArrow=true...
Hello Ebeckers, I very much appreciate this new exit strategy that waits till there's an opposite zigzag arrow before it closes the trade And it is important that it does'nt wait for the other rules to match up before exit as most of the profits will be lost by then. However, how do i set my EA to take an open buy or sell order?
The AUDUSD trade just closed for a win

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good luck today all
Quoting sheppy
{quote} How long have you been trading? I suggest you keep your personal opinions to yourself as you obviously don't understand the benefiits of long term daily chart trading))
You misunderstood. I mean is no reason use EA on daily because it can be done better manual. Trade daily is good.I trade weekle and daily candles then open on 4 h
Hello Guys,
Thanks for sharing this strategy with all of us and coming up with an EA as well.
I myself have not taken any trade based on this so far but looking at the posts I can see that it is working successfully.
Anyway, I have just installed the EA and it is telling me that I should buy AUDJPY and sell EURCAD.
However, looking at the chart I can see that the candle has not crossed the 15SMA yet.
Can someone please explain me how this alert is right?

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Click to Enlarge Name: 2017-12-06 22_35_56-86811_ FXChoice-Pro Live - [.DE30Cash,M15].jpg Size: 26 KB

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Click to Enlarge Name: 2017-12-06 22_37_04-86811_ FXChoice-Pro Live - [EURCAD,H4].png Size: 29 KB

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Click to Enlarge Name: 2017-12-06 22_37_27-86811_ FXChoice-Pro Live - [AUDJPY,H4].png Size: 31 KB


<No idea why I cannot upload the screenshot directly > apologize for that.
Quoting ebeckers
{quote} Interesting idea, but how would you determine if a trend is happening on H1 and if its down ?
Great work ebeckers, appreciated a lot

Maybe some day you can add option to open new chart window by clicking on the currency that has buy/sell signal ?
Quoting ebeckers
Version 1.14 Just a small fix. EA sometimes did not pick up a signal when MBFX appeared on same bar as the zigzag arrow {file}
Hello ebeckers.
You have done a great job. I can not see the nearby news in the EA panel. I have the FFCal indicator in the indicators folder even though it is not loaded in the EA window. UseNewsFilter is true.
Could it be a GMT issue? My broker is in London.
I'm using the v114


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Thanks for your time.
Quoting russian30
The AUDUSD trade just closed for a win {image} good luck today all
Was that on the 4HR time frame, I assume? (screen cut off). Nice trade otherwise.
Quoting Patso
{quote} Was that on the 4HR time frame, I assume? (screen cut off). Nice trade otherwise.
Yeah 4hr. All my entries so far have been on the 4hr.
Quoting Forexior
{quote} Great work ebeckers, appreciated a lot Maybe some day you can add option to open new chart window by clicking on the currency that has buy/sell signal ?
It could be useful
Quoting masterchief
{quote} Simple, the same way we determine how to get into a trade... - The higher time frame zigzag or the mbfx timing or the slope direction ... although think those will be later in having MTF signals my most promising idea is when the ea should exit... manually trading on can be careful and know when a zigzag signal is false. Thats why i think for it to exit a trade, it should only have an opposite zigzag signal...as this indicator repaints, but it should have a complete counter directional signal ticking all the boxes
Agree the exit should be on the complete 3 part signal not just the zigzag arrow which may repaint.
Quoting timidave
{quote} Has trade set ups where MBFX was in overbought zone just before the zigzag arrow, and other rules of the system in place turned out to be mostly bad trades from experience? I wish i had this as optional in the EA, as i have been successful with such trades so far. But that may be a deviation from your system rules.
Personally for me when all the indicators didn't line up I didn't take the trade, I did try before and many were not successful, but that is based on my on discretion. If you want you can analyze the pair and if you think its still a good set up even if all the indicators haven't matched then try. You will only know if you try. If you would like the EA to check further back for the MBFX you can extend the look back to 10 and it will check more candles back for a match.
Truth is like poetry. And most people f*cking hate poetry.
Quoting russian30
The AUDUSD trade just closed for a win {image} good luck today all
Nice one buddy you killing this strategy.
Truth is like poetry. And most people f*cking hate poetry.
Quoting tcpip
{quote} Hello ebeckers. You have done a great job. I can not see the nearby news in the EA panel. I have the FFCal indicator in the indicators folder even though it is not loaded in the EA window. UseNewsFilter is true. Could it be a GMT issue? My broker is in London. I'm using the v114 {image} {image} {image} Thanks for your time.
Set your offset GMT to 0, this will sync the FFCal time zone to your local time. Also note the EA takes some time to read and load the data from FFCal so it the news won't display immediately.
Truth is like poetry. And most people f*cking hate poetry.
Quoting abhi254
Hello Guys, Thanks for sharing this strategy with all of us and coming up with an EA as well. I myself have not taken any trade based on this so far but looking at the posts I can see that it is working successfully. Anyway, I have just installed the EA and it is telling me that I should buy AUDJPY and sell EURCAD. However, looking at the chart I can see that the candle has not crossed the 15SMA yet. Can someone please explain me how this alert is right? {image} {image} {image} <No idea why I cannot upload the screenshot directly > apologize for...
Is the pic of the EA also H4? Your charts are H4 but I can't see the time frame of the EA if it is also on H4. It definitely should not be like this as the SMA has been tested successfully on the EA.
Truth is like poetry. And most people f*cking hate poetry.
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