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Simple Daily Trend Reversal Trading System

  • #941
  • Dec 8, 2017 4:35am Dec 8, 2017 4:35am
Quoting mbrown
{quote} Great work! I love to watch the success you guys are having. I agree, it is great to change a system to make it work better. I don't know any system creator or coder who would be happy to have their indies or EAs decompiled without permission because this crosses the line of system improvement. So it is easy to understand if mrdfx was a little put out by having his indies (in other words, months perhaps years of accumulated hard work) decompiled and it is easy for us (who are financially benefiting from his hard work) to tacitly support...
Regards all the comments. But I disagree. Every day change does not help. All systems have weaknesses. All have strong points. It's better to upgrade the system. This is the experience of Forex for many years.
This is an excellent system. But perhaps you need to upgrade and filter
Good luck
  • #942
  • Dec 8, 2017 4:39am Dec 8, 2017 4:39am
Quoting ahhamidz
{quote} Regards all the comments. But I disagree. Every day change does not help. All systems have weaknesses. All have strong points. It's better to upgrade the system. This is the experience of Forex for many years. This is an excellent system. But perhaps you need to upgrade and filter Good luck

We are actually in agreement, I think. Filtering to me is the same as changing.

Quoting mbrown
{quote} I agree, it is great to change a system to make it work better.
Anyway, I'm taking this off topic. I've spent more years than I care to remember building and coding systems so I get a Bee in my bonnet about DECOMPILING copyright infringement. Forgive me. Let's move on to talking about all your excellent trades using this great system.
  • #943
  • Dec 8, 2017 4:42am Dec 8, 2017 4:42am
Quoting mbrown
{quote} We are actually in agreement, I think. Filtering to me is the same as changing. {quote} Anyway, I'm taking this off topic. I've spent more years than I care to remember building and coding systems so I get a Bee in my bonnet about DECOMPILING copyright infringement. Forgive me. Let's move on to talking about all your excellent trades using this great system.
  • #944
  • Dec 8, 2017 4:49am Dec 8, 2017 4:49am
I agree with ebeckers that there is always room for improvement. I never said that this strategy is perfect or without its faults, there is no strategy like that, but we do have something good with a lot pf potential, and I'm confident in this strategy.

I am open to suggestions that would improve the results and accuracy of the strategy, and also to help with timing of exits to maximize profits. Now this is not to say that we deviate entirely from the original strategy, and make too many changes, but together we can think of ways to take it to the next level.
Truth is like poetry. And most people f*cking hate poetry.
  • #945
  • Dec 8, 2017 4:53am Dec 8, 2017 4:53am
Quoting ebeckers
{quote} Don't know the guy and i dont care about any fights anyone has with with this guy. But what i do know is that the strategy we are talking about in this thread is failing during long up/down trends. I showed this to mrdfx and it happens because of the repainting zigzag arrows. A good example is when you backtest eurusd jan-feb 2017 on H4. In that period you would not made any money on this pair if you followed the strategy blindly Now i'm not saying that the strategy is no good. It is and i love it, and knowing its weaknesses only makes it...
thanx.can you do this way that we click on pair on dashboard then opens chart with this pair,its would be best update ever
  • #946
  • Dec 8, 2017 5:07am Dec 8, 2017 5:07am
Hi,
I'm a newbie and would be grateful for any help.
This site is very quick to update on news, faster than any other I have seen. However, unless I'm checking constantly I will miss it and miss out on any potential fundamental trading. Is there any way to get the latest news feed from this site directly to mobile? Other sites I've seen that provide this service seem to lag behind.
This site has a great active community and support for one another, keep up the good work everyone.
Regards
Shah.
  • #947
  • Dec 8, 2017 5:07am Dec 8, 2017 5:07am
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}
error
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  • #948
  • Dec 8, 2017 5:38am Dec 8, 2017 5:38am
Quoting longtrader
{quote} buy limit eu 1.1784 {image}
Thanks, now working
  • #949
  • Dec 8, 2017 6:21am Dec 8, 2017 6:21am
Quoting masterchief
This is the second manual trade i have taken, I too a EUR/NZD same time i took this trade but i have closed it now. 2/2 so far guys, with a 2-1 risk-reward ratio...great stuff --Update...3:43 GMT - EUR/NZD trade i mentioned i took earlier....now am resuming the trend as i took a 1hr entry following the 4hr downwards trend {image} {image} {image}
Well i have a 2hr break before my next lecture in uni ( @ alhalawi nooo i am a uni student...if ur ever in newcastle - england .... dont forget to say hi !!!) , so i run home and to check my GBP/NZD trade ...lo and behold i have been stopped out at just over 200 pips profit...cos of the brexit new this morning no doubt ... but well there is another entry...
If you remember i entered a short on EUR/NZD earlier cos i siad it was resuming the down trend of the higher timer frames... well both GBP/NZD and EUR/NZD tend to correlate well...
got another short on on GBP/NZD too )))).....back to class now peps
and u can see my EUR/NZD is already past 80pips
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  • #950
  • Dec 8, 2017 6:23am Dec 8, 2017 6:23am
Quoting masterchief
{quote} Well i have a 2hr break before my next lecture in uni, so i run home and to check my GBP/NZD trade ...lo and behold i have been stopped out at just over 200 pips profit...cos of the brexit new this morning no doubt ... but well there is another entry... If you remember i entered a short on EUR/NZD earlier cos i siad it was resuming the down trend of the higher timer frames... well both GBP/NZD and EUR/NZD tend to correlate well... got another short on on GBP/NZD too )))).....back to class now peps and u can see my EUR/NZD is already...

how can you lecture now hahaha
  • #951
  • Dec 8, 2017 6:33am Dec 8, 2017 6:33am
Quoting alhalawi
{quote} how can you lecture now hahaha
I a student lol
  • #952
  • Dec 8, 2017 6:43am Dec 8, 2017 6:43am
Quoting masterchief
{quote} Well i have a 2hr break before my next lecture in uni ( @ alhalawi nooo i am a uni student...if ur ever in newcastle - england .... dont forget to say hi !!!) , so i run home and to check my GBP/NZD trade ...lo and behold i have been stopped out at just over 200 pips profit...cos of the brexit new this morning no doubt ... but well there is another entry... If you remember i entered a short on EUR/NZD earlier cos i siad it was resuming the down trend of the higher timer frames... well both...
Good job, nice trading.
  • #953
  • Dec 8, 2017 6:53am Dec 8, 2017 6:53am
Quoting holymykel
{quote} Thanks, now working

great keep going
  • #954
  • Dec 8, 2017 7:21am Dec 8, 2017 7:21am
hellow guys this's indicator today download looking great................
hope to checking it
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 Simple Line.ex4   289 KB | 354 downloads
  • #955
  • Dec 8, 2017 7:23am Dec 8, 2017 7:23am
Quoting longtrader
{quote} great keep going
This simple system is obviously worth a lot of money.

I'm currently using it as a confirmation tool for other setups and I have to write it is an outstanding confirmation tool!
  • #956
  • Dec 8, 2017 7:23am Dec 8, 2017 7:23am
Hi mrdfx , Thanks for sharing the system and also thanks to ebeckers for the EA.
I'm trying to test the system and using the EA just for signal , but today it seems that there is valid signal at GBPAUD H1 but the EA on H1 chart does not show the signal for GBPAUD.Am I right?

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  • #957
  • Dec 8, 2017 7:25am Dec 8, 2017 7:25am
Quoting kasrafx
Hi mrdfx , Thanks for sharing the system and also thanks to ebeckers for the EA. I'm trying to test the system and using the EA just for signal , but today it seems that there is valid signal at GBPAUD H1 but the EA on H1 chart does not show the signal for GBPAUD.Am I right? {image} {image}
No. Signal isnot valid according to the strategy because mbfx was not oversold at the time of the zigzag arrow
  • #958
  • Dec 8, 2017 7:55am Dec 8, 2017 7:55am
Not sure if anyone traded NFP today, but it was very lackluster, hardly any strong moves at all.
Truth is like poetry. And most people f*cking hate poetry.
  • #959
  • Dec 8, 2017 8:02am Dec 8, 2017 8:02am
It would be nice to know your experience trading the NFP with your system.


EURGBP 1hr:
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  • #960
  • Dec 8, 2017 8:03am Dec 8, 2017 8:03am
Quoting mrdfx
Not sure if anyone traded NFP today, but it was very lackluster, hardly any strong moves at all.
unfortunately i will close bye stop au trade ( Reasons npf)
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