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Simple Daily Trend Reversal Trading System

  • #1,341
  • Dec 20, 2017 4:18am Dec 20, 2017 4:18am
Patso...Just entered on H4 CADCHF which aligned to the daily lets see if it works out, CAD and CHF always trip me up so lets see.
  • #1,342
  • Dec 20, 2017 4:26am Dec 20, 2017 4:26am
EA autotrade has opened up a few trades. Let's see how this goes.
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  • #1,343
  • Dec 20, 2017 4:27am Dec 20, 2017 4:27am
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...

and how are you determining the trend on D1 ?
  • #1,344
  • Dec 20, 2017 4:30am Dec 20, 2017 4:30am
Quoting money123456
Patso...Just entered on H4 CADCHF which aligned to the daily lets see if it works out, CAD and CHF always trip me up so lets see.
I'm in that one also. With this type of strategy, you have to be EXTREMELY patient and wait for it to fully develop. Practically a "set and forget" type approach.
  • #1,345
  • Dec 20, 2017 4:32am Dec 20, 2017 4:32am
Quoting Patso
{quote} I'm in that one also. With this type of strategy, you have to be EXTREMELY patient and wait for it to fully develop. Practically a "set and forget" type approach.

this system has really taught me to be patient and disciplined
  • #1,346
  • Dec 20, 2017 4:35am Dec 20, 2017 4:35am
I appear to be having an issue. The Dashboard doesn't seem to be 'refreshing'. I'm not seeing the live trade stats alter. It all appears to be frozen.
The only way is to reload the expert every time I want to see updated information. Anyone come across this?
  • #1,347
  • Dec 20, 2017 4:54am Dec 20, 2017 4:54am
Quoting alhalawi
{quote} and how are you determining the trend on D1 ?
With the same zigzag arrows, just switch chart to D1 and look to see if last arrow was up or down.
I think the D1 arrows repaint less often so are more likely to be valid.
  • #1,348
  • Dec 20, 2017 4:59am Dec 20, 2017 4:59am
Quoting johnsmith2nd
I appear to be having an issue. The Dashboard doesn't seem to be 'refreshing'. I'm not seeing the live trade stats alter. It all appears to be frozen. The only way is to reload the expert every time I want to see updated information. Anyone come across this?
check Allow DDL inputs checked in common tab
  • #1,349
  • Dec 20, 2017 5:03am Dec 20, 2017 5:03am
Hi guys.

Someone are trying this EA in the live account? Thanks
  • #1,350
  • Dec 20, 2017 5:04am Dec 20, 2017 5:04am
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...

This is what I have been studying over the past few days: if the arrow is up on H4, the same should be on the Daily and Weekly.
  • #1,351
  • Dec 20, 2017 5:05am Dec 20, 2017 5:05am
Quoting money123456
{quote} With the same zigzag arrows, just switch chart to D1 and look to see if last arrow was up or down. I think the D1 arrows repaint less often so are more likely to be valid.

I checked it and you really get very low signals in this way which will decrease the number of pips you can make
  • #1,352
  • Dec 20, 2017 5:08am Dec 20, 2017 5:08am
Quoting hobbyt3
Hi guys. Someone are trying this EA in the live account? Thanks
Did the trick! Christmas brainfart today!
  • #1,353
  • Dec 20, 2017 5:36am Dec 20, 2017 5:36am
Quoting richgenfx
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.
Hello richgenfx this subject has come up a few times, but as I shared the strategy here on FF for FF members, I would like to keep everything here in this thread. There's no need for a telegram channel when we can all post our trades and updates here.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,354
  • Dec 20, 2017 5:39am Dec 20, 2017 5:39am
Quoting paolo7
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
The way the EA has been coded is when there is a new opposite arrow on the same pair the EA will close that current trade, you can think of this as a hidden TP. If you are not using the TS settings, and leave the TP open, then when there is a new opposite arrow the current trade will be closed.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,355
  • Dec 20, 2017 5:40am Dec 20, 2017 5:40am
Quoting hobbyt3
Hi guys. Someone are trying this EA in the live account? Thanks
Yes, I went live the other day. My broker is XM (micro account). Unfortunately, I used it together with another EA. I'm in the process of stopping the other EA (mitigating my loss due to stopping it). I will post my results next week.
  • #1,356
  • Dec 20, 2017 5:41am Dec 20, 2017 5:41am
Quoting alhalawi
{quote} this system has really taught me to be patient and disciplined
Indeed it has.

Like I said on the first post;

"It requires you to be very patient and calm as confirmed set ups are few..."


One good thing about the dash is that before I was not trading all 28 pairs, my focus was on the majors, and some minors only, so I traded even less, but with the dash there have been many more trades which is great.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,357
  • Dec 20, 2017 5:53am Dec 20, 2017 5:53am
This is Much Moreee then d fukkin bank gives$ + NO vps !

FYI = in fx there is NOT so called LUCK or HOPE - - - there is Only Hard Work like any Other Business [dont B fukkin Lazy] and do NOT
forget to give sume to Charity from ur profits
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da n0o0b + $hit_Disturber
  • #1,358
  • Dec 20, 2017 6:15am Dec 20, 2017 6:15am
Looking good so far. Some decent runs here. Could easily close with 30+ pips, but will let run to test SL/TP system.!!
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  • #1,359
  • Dec 20, 2017 6:29am Dec 20, 2017 6:29am
Quoting mrdfx
{quote} The way the EA has been coded is when there is a new opposite arrow on the same pair the EA will close that current trade, you can think of this as a hidden TP. If you are not using the TS settings, and leave the TP open, then when there is a new opposite arrow the current trade will be closed.
Mrdfx please can you post screenshot of your EA settings. If you dont want to use TS do you just enter 0 in all the boxes under the 'trailing stoploss settings'?
  • #1,360
  • Dec 20, 2017 7:11am Dec 20, 2017 7:11am
Quoting money123456
{quote} Mrdfx please can you post screenshot of your EA settings. If you dont want to use TS do you just enter 0 in all the boxes under the 'trailing stoploss settings'?
Sure see attached. If you odn't want to use the TS settings, and want to have the TP on the next new opposite arrow then set all TS settings to 1000. Setting to 0 means the trade will be opened and closed.

These settings are for H4 in the TE chart running with no TS settings.
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Truth is like poetry. And most people f*cking hate poetry.
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