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Simple Daily Trend Reversal Trading System

  • #981
  • Dec 8, 2017 12:01pm Dec 8, 2017 12:01pm
Quoting beethoven
long trader will you leave gold run after market close? didn't understood what you whant to see in rsi if it not ob or os levels when you enter? in 1h i think sl can be given more space because sometimes it can hit and after hour or 2 get to profit zone
The first rule i belieeve is protecting your investment... i prefer to trade like counter attacking in football...if u watch it u will get what i mean. lose small win BIG. dont forget i am on 15mins entry so there will be more losing signals. and when i moves sufficiently i move my stop to break even
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  • #982
  • Dec 8, 2017 12:06pm Dec 8, 2017 12:06pm
Quoting masterchief
{quote} 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...
You are correct the MBFX is based from the stochastic, but it has been smoothed and edited to give a more simple approach to stochastic.

The RSI is also part of the same family of indicators, oscillators so often they will resemble each other when showing OB & OS zones. I found that the RSI wasn't really necessary or didn't add any real edge over the MBFX so I left it out. I didn't see a real benefit in having 2 oscillators showing similar results, but if you feel it adds something extra then go ahead.
Truth is like poetry. And most people f*cking hate poetry.
  • #983
  • Dec 8, 2017 2:40pm Dec 8, 2017 2:40pm
Quoting ebeckers
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 ! {file}
some ppl are mean,they may modify and sell it,this happens a lot,only this morning malden was telling me this that ppl using his EA source code and selling it,you are very generous,keep it up!
  • #984
  • Dec 8, 2017 2:53pm Dec 8, 2017 2:53pm
Quoting T4Trade
{quote} some ppl are mean,they may modify and sell it,this happens a lot,only this morning malden was telling me this that ppl using his EA source code and selling it,you are very generous,keep it up!
Thank you, guess i rather make money by trading then by selling EA's ;-)
  • #985
  • Dec 8, 2017 4:15pm Dec 8, 2017 4:15pm
Quoting mrdfx
{quote} You are correct the MBFX is based from the stochastic, but it has been smoothed and edited to give a more simple approach to stochastic. The RSI is also part of the same family of indicators, oscillators so often they will resemble each other when showing OB & OS zones. I found that the RSI wasn't really necessary or didn't add any real edge over the MBFX so I left it out. I didn't see a real benefit in having 2 oscillators showing similar results, but if you feel it adds something extra then go ahead.
Quite intriguing... i do understand your point... oscillators are very similar. Another i had was using TDI which i will also test next week
  • #986
  • Dec 8, 2017 8:37pm Dec 8, 2017 8:37pm
Heh, first week of completely autotrade is over and the result is -0,76%, but its ok, will keep trying and hopefully see it going up too still
-89,3 pips, it took 16 trades and one trade still open. Will try one month with zigzag SL, later maybe less to see i and how this does, since seems that this zig zag SL goes too far sometimes.

And I saw that ebeckers released source, maybe will tweak it to have a fixed SL.
  • #987
  • Dec 9, 2017 6:29am Dec 9, 2017 6:29am
Quoting longtrader
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 {image} {image} {image} {image} {image} {image} {image} {image}
Hello Longtrader, can you please post your Ma cross indicator?
  • #988
  • Dec 9, 2017 7:08am Dec 9, 2017 7:08am
Quoting Elormkay
{quote} Hello Longtrader, can you please post your Ma cross indicator?
Attached File(s)
File Type: ex4 EMA_Cross_Bar.ex4   23 KB | 383 downloads
File Type: mq4 EMA_Cross_Bar.mq4   7 KB | 420 downloads
  • #989
  • Dec 9, 2017 7:36am Dec 9, 2017 7:36am
Thanks Longtrader.
  • #990
  • Dec 9, 2017 10:34am Dec 9, 2017 10:34am
Quoting longtrader
waiting uj sl hit {image}
Longtrader are you using the MA cross as an exit signal? if so which MA's
  • #991
  • Dec 9, 2017 11:38pm Dec 9, 2017 11:38pm
Quoting money123456
{quote} Longtrader are you using the MA cross as an exit signal? if so which MA's


it's not valid rule this's thread...........
learn mrdfx rule me to more learn
  • #992
  • Dec 10, 2017 12:09am Dec 10, 2017 12:09am
great Symbol changer profit display indicator
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 Symbol changer profit display v3.ex4   33 KB | 478 downloads
  • #993
  • Dec 10, 2017 12:39am Dec 10, 2017 12:39am
I have noticed that not all the currency pairs are in the default EA pairs list

in EA:

GPBAUD AUDNZD EURCAD EURNZD GBPCAD GBPNZD NZDCAD EURAUD AUDJPY CADCHF CADJPY NZDJPY AUDCHF CHFJPY GBPCHF GBPJPY NZDCHF

Suggest default should be:

EURUSD USDJPY GBPUSD USDCHF USDCAD AUDUSD NZDUSD EURCHF EURGBP EURAUD EURNZD EURJPY GBPJPY CHFJPY CADJPY AUDJPY NZDJPY GBPCHF GBPAUD GBPCAD GBPNZD AUDCHF AUDCAD AUZNZD CADCHF NZDCHF NZDCAD

got the list from babypips: https://www.babypips.com/learn/forex...currency-pairs it excludes the exotics

may give us a few more signals.
  • #994
  • Dec 10, 2017 1:02am Dec 10, 2017 1:02am
Quoting money123456
I have noticed that not all the currency pairs are in the default EA pairs list in EA: GPBAUD AUDNZD EURCAD EURNZD GBPCAD GBPNZD NZDCAD EURAUD AUDJPY CADCHF CADJPY NZDJPY AUDCHF CHFJPY GBPCHF GBPJPY NZDCHF Suggest default should be: EURUSD USDJPY GBPUSD USDCHF USDCAD AUDUSD NZDUSD EURCHF EURGBP EURAUD EURNZD EURJPY GBPJPY CHFJPY CADJPY AUDJPY NZDJPY GBPCHF GBPAUD GBPCAD GBPNZD AUDCHF AUDCAD AUZNZD CADCHF NZDCHF NZDCAD got the list from babypips: https://www.babypips.com/learn/forex...currency-pairs it excludes the exotics...
You missed one couple: EURCAD

28 pairs: EURUSD USDJPY GBPUSD USDCHF USDCAD AUDUSD NZDUSD EURCHF EURGBP EURCAD EURAUD EURNZD EURJPY GBPJPY CHFJPY CADJPY AUDJPY NZDJPY GBPCHF GBPAUD GBPCAD GBPNZD AUDCHF AUDCAD AUZNZD CADCHF NZDCHF NZDCAD
  • #995
  • Dec 10, 2017 7:48am Dec 10, 2017 7:48am
Good find guys, I didn't spot that, perhaps that's why there have been few pairs, and minimal results with the EA. Thanks.
Truth is like poetry. And most people f*cking hate poetry.
  • #996
  • Dec 10, 2017 8:00am Dec 10, 2017 8:00am
usdcad day chart consolidation
waiting break
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Attached Image
  • #997
  • Dec 10, 2017 8:25am Dec 10, 2017 8:25am
My MT4 recently giving a lot of alert of each candles opening,closing,selling,buying.I was wondering if this simple reversal EA is doing this,does anyone else experiencing these pop ups? because they are annoying and slowing my system.none of other indicators has any alerts on,i checked many times.
  • #998
  • Dec 10, 2017 11:43am Dec 10, 2017 11:43am
Remember the time of year we are dealing with as well.
  • #999
  • Dec 10, 2017 12:24pm Dec 10, 2017 12:24pm
Quoting money123456
I have noticed that not all the currency pairs are in the default EA pairs list in EA: GPBAUD AUDNZD EURCAD EURNZD GBPCAD GBPNZD NZDCAD EURAUD AUDJPY CADCHF CADJPY NZDJPY AUDCHF CHFJPY GBPCHF GBPJPY NZDCHF Suggest default should be: EURUSD USDJPY GBPUSD USDCHF USDCAD AUDUSD NZDUSD EURCHF EURGBP EURAUD EURNZD EURJPY GBPJPY CHFJPY CADJPY AUDJPY NZDJPY GBPCHF GBPAUD GBPCAD GBPNZD AUDCHF AUDCAD AUZNZD CADCHF NZDCHF NZDCAD got the list from babypips: https://www.babypips.com/learn/forex...currency-pairs it excludes the exotics...
How come yours has only 17 pairs? The latest version of the EA has 27 pairs installed
  • #1,000
  • Dec 10, 2017 12:58pm Dec 10, 2017 12:58pm
Quoting rushamg
{quote} You missed one couple: EURCAD 28 pairs: EURUSD USDJPY GBPUSD USDCHF USDCAD AUDUSD NZDUSD EURCHF EURGBP EURCAD EURAUD EURNZD EURJPY GBPJPY CHFJPY CADJPY AUDJPY NZDJPY GBPCHF GBPAUD GBPCAD GBPNZD AUDCHF AUDCAD AUZNZD CADCHF NZDCHF NZDCAD
thx could be i forgot one ;-) but you can easily add the missing pair(s) to the list yourself for now
i’ll update the default list in the next version
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