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Simple Daily Trend Reversal Trading System

  • #1,101
  • Dec 13, 2017 6:15am Dec 13, 2017 6:15am
Quoting T4Trade
{quote} Many events lined up today,I have many trades running,i will close the profitable around 4 Uk time.What do you think?if you are on 4 hour or daily charts the news don't affect as much but the red big news do affect anyways.

i think trading the news like NFP and interest rates are gamble and many big traders avoid them

but i sometimes cannot stay out of the market

it's like being in the action even though it is very risky
  • #1,102
  • Dec 13, 2017 6:38am Dec 13, 2017 6:38am
Quoting money123456
After seeing a post a few pages back someone reported 90%+ success on 1Hrtimeframe, so I spent yesterday entering 1Hr trades, almost all were losses, I think I will stick with 4Hr and Daily has anyone else tried 1Hr and come to the same conclusion?
I am testing H1 TF with the EA, and so far it's mixed.

I also tested out of curiosity M5, M15, M30 TF, but they were a disaster, and were quickly wiping the account, it reminded me of the early days of when I was developing and testing this strategy how unsuccessful this strategy was on lower TF.

I'm currently testing only on H1, and H4.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,103
  • Dec 13, 2017 6:39am Dec 13, 2017 6:39am
Quoting money123456
Is the following signal on 4Hr valid, EA is giving a valid USDJPY sell signal but the MBFX is not above 70. This is the second time I have seen it. Mrdfx please can you take a look. {image}
How many candles have you set the EA to look back for the MBFX? Default setting is 5 candles, unless you have changed it.

I've also picked up a few things with the EA and hopefully ebeckers will be addressing them and posting an update soon.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,104
  • Edited 7:12am Dec 13, 2017 6:46am | Edited 7:12am
@Mrdfx
HI, i was testing dashboard for 2 week on smaller tf, and so far is not doing great. On higher tf h4 and d1 its doing great.
so i have 2 suggestions to improve it on small tf.
1. On smaller tf there is to many signals, so basicly ea will open them. There is no way to stop opening new trades, when live trading is enabled. If we disable it, ea will not manage open positions i mean the trailing. Can u add in next update option like Stop Opening new orders.

2. Is it possible to add option where we can choose which indicators will produce signal. I noticed that on smaller tf when all signals get in line usually we end up selling on bottom or buying the top. Can we have option to choose for example only fractal and mbfx for signal on dashboard. For example on my live account i am only looking for yellow color mbfx over 70 and below 30 on overbought and oversold level to enter sell and its doing great. Diversifying like that will give more flexibility to test.

If its a hassle to add in ea dashboard, can you convert indicators for PIN in dashboard EAX so we can test them with more if scenarios.
Help to be helped.
  • #1,105
  • Dec 13, 2017 7:16am Dec 13, 2017 7:16am
why NOT share huh -soon Xmass = 7 of these fukkers , TP2 will post mebbe L8R
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da n0o0b + $hit_Disturber
  • #1,106
  • Dec 13, 2017 7:41am Dec 13, 2017 7:41am
sorreee for postin this 2 fukkin late = 7 pos.
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da n0o0b + $hit_Disturber
  • #1,107
  • Dec 13, 2017 7:43am Dec 13, 2017 7:43am
Quoting hzs10
shorted USDJPY {image}
exited with 45pips
  • #1,108
  • Dec 13, 2017 7:43am Dec 13, 2017 7:43am
Quoting Lazar83
@Mrdfx HI, i was testing dashboard for 2 week on smaller tf, and so far is not doing great. On higher tf h4 and d1 its doing great. so i have 2 suggestions to improve it on small tf. 1. On smaller tf there is to many signals, so basicly ea will open them. There is no way to stop opening new trades, when live trading is enabled. If we disable it, ea will not manage open positions i mean the trailing. Can u add in next update option like Stop Opening new orders. 2. Is it possible to add option where we can choose which indicators will produce signal....
These are things that ebeckers will have to take a look at.

I think adding max trades limit could work, so when the EA reaches a certain number of trades which is set in the inputs it won't open any more trades.

With regards to selecting the criteria for a signal, if you use less then you will decrease the chance of success, but that is up to you, if ebeckers will code that I'm not sure.

As far as I know Sam2x is already creating a pin for this strategy to be used on the EAX dash.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,109
  • Dec 13, 2017 7:50am Dec 13, 2017 7:50am
I am purely following the EA signal without putting the indicators on the chart. so far the result are quite positive if you dont set the TP too far. I notice most of the trade are counter trend trading which will not hit 2:1 reward to risk. but if u just take profit and run it is quite high profitability. I got stop out previously by usdjpy and gbpjpy last week when i didn exited the trade with 200pips. However, overall i am still in positive now.
  • #1,110
  • Dec 13, 2017 7:53am Dec 13, 2017 7:53am
I have been demoing the EA on 4 HR 7 trading days, and have just over 8% increase on my 1000eu account, but i monitor the trades and if i or my understanding of PA dont agree with the EA i will close the trade early and also as soon as i see a trade with 15-20 pips profit and on a significant S/R point i again close the trade and bank the gains(on demo). Have a 62& win rate so far out of 151 trades taken
  • #1,111
  • Dec 13, 2017 8:12am Dec 13, 2017 8:12am
Quoting mrdfx
Here is a nice set up forming on GOLD. I'm just waiting for a close below the SMA and will open a sell trade. {image}
Thank you for the strategy.
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  • #1,112
  • Dec 13, 2017 8:35am Dec 13, 2017 8:35am
Attached Image
da n0o0b + $hit_Disturber
  • #1,113
  • Dec 13, 2017 9:56am Dec 13, 2017 9:56am
Quoting mrdfx
{quote} How many candles have you set the EA to look back for the MBFX? Default setting is 5 candles, unless you have changed it. I've also picked up a few things with the EA and hopefully ebeckers will be addressing them and posting an update soon.
I did not change the defaults, just straight out of the box. Looking at it again it looks like the signal stays valid on the EA even after the arrow has repainted.
  • #1,114
  • Dec 13, 2017 9:56am Dec 13, 2017 9:56am
Hello guys i really like the strategy and try to get the dashboard working but when i install the ea it only shows 4pairs. I activated all pairs and my broker writes and i behind every pair so i tried this aswell. But nothing changed. Is there a trick?
Like an elephant
  • #1,115
  • Dec 13, 2017 10:03am Dec 13, 2017 10:03am
Quoting money123456
{quote} I did not change the defaults, just straight out of the box. Looking at it again it looks like the signal stays valid on the EA even after the arrow has repainted.
Lets wait for ebeckers to take a look and see why it is doing that and see what he says. I didn't code the EA so if there's an error with this then he can fix it.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,116
  • Dec 13, 2017 10:15am Dec 13, 2017 10:15am
Quoting Lordfx
Hello guys i really like the strategy and try to get the dashboard working but when i install the ea it only shows 4pairs. I activated all pairs and my broker writes and i behind every pair so i tried this aswell. But nothing changed. Is there a trick?
I'll ask you did you read the whole thread yet? I'm asking cos your question has already been answered 2 times. Check #733.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,117
  • Dec 13, 2017 10:25am Dec 13, 2017 10:25am
Haha thank you i have red the whole thread but i scanned for settings i simply overlooked it .
Like an elephant
  • #1,118
  • Dec 13, 2017 10:34am Dec 13, 2017 10:34am
Quoting alhalawi
{quote} i think trading the news like NFP and interest rates are gamble and many big traders avoid them but i sometimes cannot stay out of the market it's like being in the action even though it is very risky
agree, nfp is dangerous to trade.

very risky trade.
  • #1,119
  • Dec 13, 2017 12:11pm Dec 13, 2017 12:11pm
Quoting mrdfx
{quote} I'll ask you did you read the whole thread yet? I'm asking cos your question has already been answered 2 times. Check #733.

cadchf and eurchf looking great mrdfx
i am think this's strategy how is find best signal..........
low risk big profit target

many thank you share it

longtrader.........
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  • #1,120
  • Dec 13, 2017 12:19pm Dec 13, 2017 12:19pm
other one cadjpy
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