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Simple Daily Trend Reversal Trading System

  • #1,201
  • Dec 14, 2017 6:48pm Dec 14, 2017 6:48pm
[quote=ahhamidz;10593347][quote=redoktober Respect others . I suggest . Clear all offensive and racketeering messages[/quote]

you sound like ghostbiker ! go away and leave mrdfx thread alone please.
  • #1,202
  • Dec 14, 2017 6:57pm Dec 14, 2017 6:57pm
Ok , I apologize to the whole FF Community for the painful discussion with Ahhmidz.
It was not a discussion worthy of this wonderful Forum.
  • #1,203
  • Dec 14, 2017 7:20pm Dec 14, 2017 7:20pm
Quoting mrdfx
{quote} The only indicator that can repaint is the zig zag arrow, this is why I use the trend indicator, the stochastic and the SMA to make the confirmation before opening a trade. I mainly trade the major pairs only, but it can be used on any pair you like, and I use it mainly on H4 and H1 TF.

Thank you very much for this system and sharing it (I have the same in my mind, when I found the way I will share it for free), I have been in forex for 1.5 years and struggling with system to develop, tried many different things, now your system looks promising. I'm back testing it right now. I'm more into 1H trading and wanted to know if anyone in here did backtest on H1 and what were the results of that?

So far so good, I have 4 winning out of 5 trades, I also was browsing forum and have an idea to add TDI to this from this most popular strategy in FF
I don't like automated trading so I trade manually and making entry based on lover time frames when all is ready on 1H or 4H.

--Just to add, I'm trying to add TDI --> https://www.forexfactory.com/showthread.php?t=291622

Basically when green and red crossing we suppose to have 1 more confirmation =) Lets see if this can help to have better results.
Attached File(s)
File Type: mq4 TDI Red Green.mq4   9 KB | 444 downloads
  • #1,204
  • Dec 14, 2017 7:57pm Dec 14, 2017 7:57pm
Quoting shehzadamin
{quote} your broker name please?
I don't think I'm allowed to post my broker in the thread, but you can see who it is in my TE.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,205
  • Edited 8:45pm Dec 14, 2017 8:00pm | Edited 8:45pm
Seems like I missed some action while I went with the wife to watch the new Star Wars premier.

The action was better in the move though lol.

Anyway ahhamidz has been put on ignore, so he won't be bothering this thread anymore.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,206
  • Dec 14, 2017 8:49pm Dec 14, 2017 8:49pm
Quoting irvanhidan
Hey MB, are you took this trade ? AU D1 {image}
Yes I did take this trade with the EA and it has already closed in profit with 24 pips. It seems that my TS was too tight and the EA closed it early.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,207
  • Dec 14, 2017 8:54pm Dec 14, 2017 8:54pm
Quoting irvanhidan
also i wanna ask this, sorry double post. we know we have signal to buy GBPNZD in H4, but on Daily TF we also have sell signal how do you trade this condition ? just newbie ask, thank you for sharing this great system MB. irvan. {image} {image}
I took the buy on H4. I did see the move on D1, but it was already looking oversold so I followed on H4 and bought it.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,208
  • Edited Dec 15, 2017 12:07am Dec 14, 2017 11:08pm | Edited Dec 15, 2017 12:07am
Hello,

it happened a strange thing or i did not understand something well. The original arrow generated from the EA , a green arrow disappeard ( it was where i put mine) and this morning a new green arrow is set where is now, as if it has shited forward or desappeard the previous one. I thought all the green or red arrow did not move or disappear. The graph refers t0 EURNZD on H4. I am sure happened. Is it normal?
I am correct ( that it moves) infact where there is my yellow arrow there was the candle that trigger the EA because it close up the 15MA....

Thanks everybody for sharing help and advice.

Paolo
Attached Image
  • #1,209
  • Dec 15, 2017 12:17am Dec 15, 2017 12:17am
I know this is a noob question but i was wondering is do you guys wait for all 4 conformations before entering the trade? and second when would be the best to close a trade?? Thank you
  • #1,210
  • Dec 15, 2017 1:20am Dec 15, 2017 1:20am
Quoting luaciego
I know this is a noob question but i was wondering is do you guys wait for all 4 conformations before entering the trade? and second when would be the best to close a trade?? Thank you
The four conditions must be set, and the EA will then send an alarm, triggering you to trade or not, at least look at the chart. as OP shared the system with the 4 indicators, then probably that's the way forward. I'm seeing folks here taking roughly the same trades, different entry timings, H4 can be different for anyone, basic idea is the same. Exits are highly subjective, this system is not about exits. You should find an exit strategy coupled with position sizing suitable for the s/r lines you see on the chart. Good luck.
Best regards, Zef
  • #1,211
  • Edited 2:36am Dec 15, 2017 1:42am | Edited 2:36am
Exits:

Would like to get everyone's view on best exits on 4H & D1 .....my thoughts:

support & Resistance levels
fixed SL / TP ratio 1:1 ...1:1.5 ??

4H.....I am thinking 1:1 plus 1/3 of Average Daily Range place tailing stop of 1/3 of ADR and let it run as much as possible. This would lock in 1:1 with hope of getting a bit more if on a strong trend.

D1.....I am thinking wait for opposite arrow ...Sheepy how are you exiting

What is everyone else doing?
  • #1,212
  • Dec 15, 2017 2:46am Dec 15, 2017 2:46am
Quoting money123456
Exits: Would like to get everyone's view on best exits on 4H & D1 .....my thoughts: support & Resistance levels fixed SL / TP ratio 1:1 ...1:1.5 ?? 4H.....I am thinking 1:1 plus 1/3 of Average Daily Range place tailing stop of 1/3 of ADR and let it run as much as possible. This would lock in 1:1 with hope of getting a bit more if on a strong trend. D1.....I am thinking wait for opposite arrow ...Sheepy how are you exiting What is everyone else doing?
Hi , i use 1:1 on H4 but i use leverage( 1:20) . It depends on how much leverage you use and how much is your risk level. SL till the arrow in my opinion is too much. I wish to calculate on most traded pair which is the avarage distance beetween the close of the candle over or under the 15MA to calculate the avarage pips of Sl and on that info calculate the SL and the right leverage.

Thanks

If someone can answer my post (1208) i appreciate a lot.

Sorry for my english!

Paolo
  • #1,213
  • Dec 15, 2017 3:45am Dec 15, 2017 3:45am
Hello guys

i have been not involved lately just reading posts and working a lot on the strategy which changed my view on trading and saw a light in the dark regarding forex

which again i say a big thank you for mdfx

i have some confirmation indicators which i am using to be more accurate in the trades, i will attach them and i would like to say that i am not changing the strategy or anything i am only helping myself and others to be more profitable.

the good thing is that everybody is showing what they are doing and this is because one guy was really generous and honest to show a real strategy which is rare nowadays

happy trading guys
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 171 KB
Attached File(s)
File Type: ex4 Advanced_ADX.ex4   8 KB | 478 downloads
File Type: tpl Trend Reveral Strategy ali copy with trend.tpl   4 KB | 484 downloads
File Type: ex4 trend-wave.ex4   19 KB | 523 downloads
File Type: ex4 Waddah_Attar_Explosion.ex4   15 KB | 443 downloads
  • #1,214
  • Dec 15, 2017 6:03am Dec 15, 2017 6:03am
Quoting paolo7
Hello, it happened a strange thing or i did not understand something well. The original arrow generated from the EA , a green arrow disappeard ( it was where i put mine) and this morning a new green arrow is set where is now, as if it has shited forward or desappeard the previous one. I thought all the green or red arrow did not move or disappear. The graph refers t0 EURNZD on H4. I am sure happened. Is it normal? I am correct ( that it moves) infact where there is my yellow arrow there was the candle that trigger the EA because it close up the...
The zig zag arrow can repaint sometimes, and this has been discussed a few times already in the thread.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,215
  • Dec 15, 2017 6:30am Dec 15, 2017 6:30am
AUD/JPY setting up right now for a short.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD JPY 4HR Set Up.png Size: 33 KB
  • #1,216
  • Dec 15, 2017 6:40am Dec 15, 2017 6:40am
@MRDFX Thanks and sorry about that, I have not been focused !

Paolo
  • #1,217
  • Dec 15, 2017 7:56am Dec 15, 2017 7:56am
Just wondering if everyone is keeping their trades open over the weekend?
I have a few in the red at the moment and am thinking to keep them open.
  • #1,218
  • Dec 15, 2017 8:12am Dec 15, 2017 8:12am
Quoting money123456
Just wondering if everyone is keeping their trades open over the weekend? I have a few in the red at the moment and am thinking to keep them open.
I'm trying to "time" my entries a little better. Not jumping in right away, when the 4HR signal pops up/triggers.
  • #1,219
  • Dec 15, 2017 9:02am Dec 15, 2017 9:02am
Quoting money123456
Just wondering if everyone is keeping their trades open over the weekend? I have a few in the red at the moment and am thinking to keep them open.
Yes I will be holding over the weekend. I will set protective stops and run them next week.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,220
  • Dec 15, 2017 9:07am Dec 15, 2017 9:07am
An update from yesterdays trades.

GBPNZD hit SL last night. Not sure whats going on with this pair, but I noticed today how all GBP pairs have been melting, must be a brexit thing.

NZDJPY still running but in DD after the JPY pullback.

Also entered AUDJPY last night and is also in DD from JPY pullback.

I will hold these 2 trades over the weekend for sure.
Truth is like poetry. And most people f*cking hate poetry.
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