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Simple Daily Trend Reversal Trading System

  • #961
  • Dec 8, 2017 6:05am Dec 8, 2017 6:05am
looking gold fullback
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  • #962
  • Dec 8, 2017 6:10am Dec 8, 2017 6:10am
Quoting ebeckers
How the trailing stop works: lets assume OrderTS1 =15 OrderTS1Trigger =20 OrderTS2 =25 OrderTS1Trigger =30 OrderTS2 =35 OrderTS3Trigger =40 OrderTS4 =45 OrderTS4Trigger =50 OrderTrail = 10 Now: When a new order is opened then stoplossAtZigZagArrow=false -> the first virtual stoploss is set at - OrderHiddenSL pips . stoplossAtZigZagArrow=true -> the first virtual stoploss is set at the tip of the zigzagarrow When price reaches +20 pips (OrderTS1Trigger) the virtual stop loss is moved to +15 pips (OrderTS1) When price reaches +30 pips (OrderTS2Trigger)...
I am not still exactly sure if this trailing stop method works the way it was designed for this EA. I just get stopped out much earlier than expected. Can someone using the EA confirm to me its working as illustrated above?
  • #963
  • Dec 8, 2017 6:21am Dec 8, 2017 6:21am
Why are you guys trading 1 hr charts?
  • #964
  • Dec 8, 2017 6:27am Dec 8, 2017 6:27am
Quoting timidave
{quote} I am not still exactly sure if this trailing stop method works the way it was designed for this EA. I just get stopped out much earlier than expected and the price continues in my direction. Can someone using the EA confirm to me its working as illustrated above?
This are my settings. I'm using a fixed stop loss of 30 mins on the 1hr timeframe
Attached File(s)
File Type: docx one hour.docx   172 KB | 332 downloads
  • #965
  • Dec 8, 2017 6:30am Dec 8, 2017 6:30am
Quoting sheppy
Why are you guys trading 1 hr charts?
Although I personally found more success with trading H4, this strategy can be used on any TF. The main reason I stopped trading lower TF was the market noise and more inconsistencies. If traders have success with other TF that's great. My preference is still H4 and the recommended TF, but any TF can be traded.
Truth is like poetry. And most people f*cking hate poetry.
  • #966
  • Dec 8, 2017 6:31am Dec 8, 2017 6:31am
Quoting timidave
{quote}
This are my settings. I'm using a fixed stop loss of 30 mins on the 1hr timeframe {file}
Here's the screenshot of my settings
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  • #967
  • Dec 8, 2017 6:44am Dec 8, 2017 6:44am
Quoting mrdfx
{quote} Although I personally found more success with trading H4, this strategy can be used on any TF. The main reason I stopped trading lower TF was the market noise and more inconsistencies. If traders have success with other TF that's great. My preference is still H4 and the recommended TF, but any TF can be traded.

ha ha that's great i will try day signal base h1 h4 trade. trying to following minimal Risk
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  • #968
  • Dec 8, 2017 6:49am Dec 8, 2017 6:49am
Then a second look at how accurate the EA calculates the risk per trade would be necessary. Thanks Ebeckers and mrdfx!
  • #969
  • Dec 8, 2017 6:50am Dec 8, 2017 6:50am
Anyone having this problem? My clock doesn't refresh and the signals vary on some pairs. See screen shots. I've rebooted my computer. Maybe some setting I'm not aware of? Anyone able to help me would be much appreciated. Thank you.
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  • #970
  • Dec 8, 2017 6:50am Dec 8, 2017 6:50am
Quoting sheppy
Why are you guys trading 1 hr charts?
Because of the dearth of set ups on the 4hrs, i decided to give it a try. Nothing bad in trying.
  • #971
  • Dec 8, 2017 6:53am Dec 8, 2017 6:53am
anyone see eurchf?
  • #972
  • Dec 8, 2017 7:03am Dec 8, 2017 7:03am
Quoting longtrader
anyone see eurchf?
yup.. waiting for a breakout :-)
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  • #973
  • Dec 8, 2017 7:10am Dec 8, 2017 7:10am
Wow thanks a lot for this EA / Strategy. (Currently testing with H1 and I am achieving 95% win ratio. I manually set my SL and TP to 1:1.5-1:2 and I set my SL to breakeven whenever i achieve the 1:1 ratio.)

How about adding the option to set the stop loss to Break-even whenever X amount of pips is achieved or x % of profit for the trade is achieved?

Let me know what you think about this.

sam.
  • #974
  • Dec 8, 2017 7:15am Dec 8, 2017 7:15am
EA source code

Hey guys
I'm getting lots of requests & pm's of people asking me for the source code of the EA.
Since i am a true believer in open source i would like to share the code here with all of you.
But if you make any modifications, extend it, add new stuff or fix bugs then
please give back to the community and share your modifications to the source code as well
That way we can all enjoy from each others work
Have a nice weekend !
Attached File(s)
File Type: zip ea-source.zip   31 KB | 721 downloads
  • #975
  • Dec 8, 2017 7:18am Dec 8, 2017 7:18am
Quoting ebeckers
{quote} yup.. waiting for a breakout :-) {image}
nice buddy..i short small $ risk...my idea time to now find this's week gap fill..
thank your answer
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  • #976
  • Dec 8, 2017 7:38am Dec 8, 2017 7:38am
I have attached the ea to a pair.
Since yesterday i have no new signals or trades
Can you guys confirm this?

I have choose to autotrade
  • #977
  • Dec 8, 2017 9:06am Dec 8, 2017 9:06am
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  • #978
  • Dec 8, 2017 9:17am Dec 8, 2017 9:17am
Six trades today, all winners, 3.22% gain on my account.
For Ebeckers: any ideas why my EA isn't working correctly? (see post 969). I have to close mt4 and reopen to get new time and see if any new signals are given. Haven't seen any h4 signals at all today other than scanning through the pairs over and over again and watching the indicators. Thank you.
  • #979
  • Dec 8, 2017 9:22am Dec 8, 2017 9:22am
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...
And am back again
Well just got back from uni, i stayed to do some extra work and had deadlines today ... thanks from asking lol
Basically i see a close similarities with the MBFX indicator and the the stocastic indicator .... very close similarities.... so i thought what indicator in my ' opinion ' is much less aggressive than this and a has a higher percentage to be right ???..... RSI

Basically i am looking to test the RSI indicator instead of the MBFX to see if this improves the accuracy of the system... I hope this is okay with the creator ...
and yh back to my trades, i got to uni do some work ...meet a friend and GBP/NZD is 100+ pips, close to my 1:1 R:R as shown in the pick where my stoploss is.
And EUR/NZD looks to be retacing but its a deffo downtrend on the 4HR.... we shall see. Not bad so far my win ratio is 30% but i am trading on the 15mins entry... not the 4HR recomended by the creator of the system. But the losses are very small and when it get it right u make up for the lost trades

il try not to blab too much next time

6 trades
2 wins
4 losses
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  • #980
  • Edited 10:00am Dec 8, 2017 9:47am | Edited 10:00am
trading start t4th day now resuilt..............

2 trade lose........2 trade profit close.. 4 trade runing more
hope more study this's strategy...

thank you mrdfx

happy weekend guys
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