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Simple Daily Trend Reversal Trading System

  • #1,321
  • Dec 19, 2017 2:28pm Dec 19, 2017 2:28pm
Quoting hzs10
{quote} EURJPY hit TP +102pips
Great trading!.
  • #1,322
  • Dec 19, 2017 2:32pm Dec 19, 2017 2:32pm
NZD/CAD setting up for a short.
Attached Image (click to enlarge)
Click to Enlarge Name: NZD CAD 4HR Set Up.png Size: 30 KB
  • #1,323
  • Dec 19, 2017 3:15pm Dec 19, 2017 3:15pm
Quoting mrdfx
{quote} If a trade is closed by the TS settings, and the signal is still valid the EA will open a new order. In the settings you can specify the time how long you want the EA to wait before opening a new order on the same pair.
Thanks for the clarification. Great system so far!
  • #1,324
  • Dec 19, 2017 4:08pm Dec 19, 2017 4:08pm
Quoting Patso
NZD/CAD setting up for a short. {image}
took this trade

updates
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 98 KB
  • #1,325
  • Dec 19, 2017 4:26pm Dec 19, 2017 4:26pm
Wow EURNZD just exploded. I took advantage and closed it for +154 pips.

I also closed NDZJPY for +10 pips. It just wasn't going anywhere and was stuck in a range so decided to close it. I'll monitor it and perhaps re-enter again if there's a better opportunity.

Also just opened short on NZDCAD.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,326
  • Dec 19, 2017 4:48pm Dec 19, 2017 4:48pm
Quoting lctrader11
{quote} I like that idea. Oanda increases their spreads considerably 15 minutes before the U.S. session ends and during some major news events, and the increases last about an hour. And although some pairs start moving right about then, this feature would sure help with that.
I'll second this idea, and thank you.
  • #1,327
  • Dec 19, 2017 5:37pm Dec 19, 2017 5:37pm
Quoting mrdfx
Wow EURNZD just exploded. I took advantage and closed it for +154 pips. I also closed NDZJPY for +10 pips. It just wasn't going anywhere and was stuck in a range so decided to close it. I'll monitor it and perhaps re-enter again if there's a better opportunity. Also just opened short on NZDCAD.
Very nice trading, indeed sir.
  • #1,328
  • Dec 19, 2017 6:11pm Dec 19, 2017 6:11pm
Quoting mrdfx
Wow EURNZD just exploded. I took advantage and closed it for +154 pips. I also closed NDZJPY for +10 pips. It just wasn't going anywhere and was stuck in a range so decided to close it. I'll monitor it and perhaps re-enter again if there's a better opportunity. Also just opened short on NZDCAD.
Yeah. Most of the opened positions just shoot up. But my EURNZD got Stopped at 40+ pips.

I wonder if you can share your EA settings for maximizing the pips. Thanks.
  • #1,329
  • Dec 19, 2017 6:14pm Dec 19, 2017 6:14pm
Quoting mrdfx
The linked TE is looking good today.
Outstanding work mrdfx! Keep it up. It’s great motivation for the rest of us here. Cheers.
  • #1,330
  • Dec 19, 2017 6:17pm Dec 19, 2017 6:17pm
just closed out my EURNZD trade

Attached Image (click to enlarge)
Click to Enlarge Name: Trade 515.GIF Size: 31 KB


those trades turned around nicely
  • #1,331
  • Dec 19, 2017 8:47pm Dec 19, 2017 8:47pm
I've been lurking here in FF for 2 yrs now but it is only now that I created an account just to post in your thread and say thank you for the honest sharing of your good system. May I suggest for you to open a telegram and post all our trades and updates there. It would be easier for everyone to monitor, share, and get updates from there I think. Just my suggestion. Thanks.
  • #1,332
  • Dec 19, 2017 9:03pm Dec 19, 2017 9:03pm
longed gbpchf H4
Attached Image
  • #1,333
  • Dec 19, 2017 9:16pm Dec 19, 2017 9:16pm
Good luck with the pair its pretty sluggish
  • #1,334
  • Dec 19, 2017 9:25pm Dec 19, 2017 9:25pm
I am purely following the EA but still on demo. if consistent 3 month 10% I will go live.

even though look sluggish but it still looks pretty uptrend to me. Go to D1 it has an obvious uptrend channel. trading the range and SR. See how strong is the support at 200ema. My TP is previous strong resistance. and market is likely to go to that level again. the RR is 2:1. Even if hit SL i am fine. I am changing my approach to set TP. If purely follow the EA, each trade if earn 100pips. we can easily earn 500-1000pips/month? But now I am still testing. Let me collect 3 months of data and we shall see.
  • #1,335
  • Dec 19, 2017 9:53pm Dec 19, 2017 9:53pm
Good work from the EA
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 57 KB
  • #1,336
  • Dec 19, 2017 10:15pm Dec 19, 2017 10:15pm
Quoting mrdfx
Wow EURNZD just exploded. I took advantage and closed it for +154 pips. I also closed NDZJPY for +10 pips. It just wasn't going anywhere and was stuck in a range so decided to close it. I'll monitor it and perhaps re-enter again if there's a better opportunity. Also just opened short on NZDCAD.
I am still holding NZDJPY. finally it moves. +20pips. TP looking at 77.91
  • #1,337
  • Dec 20, 2017 12:34am Dec 20, 2017 12:34am
Thanks for the new version @ Ebeckers and to mrdfx for sharing the strategy

i do not know why if i have a trade open with a pair and after 30 min if a buy or sell signal happen on same pair the EA close the trade open and open the new one not keeping open the already opened. I am obviously using v 1.15. I am using zig zag SL.

Do you know why?

Thanks

Paolo
  • #1,338
  • Dec 20, 2017 3:32am Dec 20, 2017 3:32am
An Idea to Improve the System:

Team after a mixed week I have looked at my loosing trades, and taken a look back at the charts.

  1. I think a possible way to improve the system is to only take the trades that correspond to the direction on the next higher time frame.
  2. For example if I get a GBPUSD buy signal on H4, only act if on the daily timeframe the trend is also BUY
  3. Many of the losing trades are counter-trades to the higher time frame
  4. The trades with the highest momentum on H4 are mostly aligned with the daily.
  5. There will be less signals but more winners....I think


Please all have a look at your looses and see if you agree.

  • #1,339
  • Dec 20, 2017 3:32am Dec 20, 2017 3:32am
GBPCHF potential for buy signal after candle opens above MA.

Please ignore CCI and SUP/DEM indi.
Attached Image (click to enlarge)
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  • #1,340
  • Dec 20, 2017 4:10am Dec 20, 2017 4:10am
Quoting money123456
An Idea to Improve the System: Team after a mixed week I have looked at my loosing trades, and taken a look back at the charts. I think a possible way to improve the system is to only take the trades that correspond to the direction on the next higher time frame. For example if I get a GBPUSD buy signal on H4, only act if on the daily timeframe the trend is also BUY Many of the losing trades are counter-trades to the higher time frame The trades with the highest momentum on H4 are mostly aligned with the daily. There will be less signals but more...
Excellent point you made, thanks for the tip.
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