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Simple Daily Trend Reversal Trading System

  • #1,361
  • Dec 20, 2017 7:12am Dec 20, 2017 7:12am
Current trade. NZDJPY reversal back. either hit SL or TP. so far positive

total pips +150pips
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  • #1,362
  • Dec 20, 2017 7:23am Dec 20, 2017 7:23am
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.
thanks a lot mrdsf!!

a little more doubt: someone answered me but i am still in doubt: after the OrderTS1Trigger react,the OrderTS1 is calculated from the price of the HiddenSL or from entry price?

Have a great trade.

Thanks
  • #1,363
  • Dec 20, 2017 7:35am Dec 20, 2017 7:35am
Quoting paolo7
{quote} thanks a lot mrdsf!! a little more doubt: someone answered me but i am still in doubt: after the OrderTS1Trigger react,the OrderTS1 is calculated from the price of the HiddenSL or from entry price? Have a great trade. Thanks
All TS settings are calculated from entry price.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,364
  • Dec 20, 2017 7:41am Dec 20, 2017 7:41am
Quoting mrdfx
{quote} All TS settings are calculated from entry price.
Thanks again!!

P.
  • #1,365
  • Dec 20, 2017 7:54am Dec 20, 2017 7:54am
If trades are open, and MT4 is shut down and restarted, will EA pickup open trades via magic numbers and continue moneymanagement and SL?
  • #1,366
  • Dec 20, 2017 7:56am Dec 20, 2017 7:56am
2 day
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  • #1,367
  • Dec 20, 2017 7:58am Dec 20, 2017 7:58am
Quoting hzs10
Current trade. NZDJPY reversal back. either hit SL or TP. so far positive total pips +150pips {image}
Mind me asking how you're managing your exit strategy?

- js2nd
  • #1,368
  • Dec 20, 2017 7:58am Dec 20, 2017 7:58am
closed euraud and gbpchf- +104pips

today total 200pips in

currently still running +100pips
  • #1,369
  • Dec 20, 2017 8:00am Dec 20, 2017 8:00am
Quoting rushamg
2 day {image} {image} {image} {image}
Different charts, different zigzag, mbfx, trendline settings?
Mind me asking what you're experimenting and what variables?
  • #1,370
  • Dec 20, 2017 8:04am Dec 20, 2017 8:04am
shorted AUDCAD
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  • #1,371
  • Dec 20, 2017 8:05am Dec 20, 2017 8:05am
updates

this week is sweet before Christmass
i am holding some trades that lots of you have closed

cheer up we are doing great

p.s. i am still trading manually
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  • #1,372
  • Dec 20, 2017 8:06am Dec 20, 2017 8:06am
Quoting johnsmith2nd
{quote} Different charts, different zigzag, mbfx, trendline settings? Mind me asking what you're experimenting and what variables?
stop or zig zag or fixed points, trade with news or without, different take profit levels....included in the deal is the same
  • #1,373
  • Dec 20, 2017 8:08am Dec 20, 2017 8:08am
Quoting mrdfx
{quote} All TS settings are calculated from entry price.
mrdfx, this thread is "burning up" on Forex Factory. Great job on starting (and maintaining) this. I believe it's going to go strong for awhile.
  • #1,374
  • Dec 20, 2017 8:13am Dec 20, 2017 8:13am
Quoting rushamg
{quote} stop or zig zag or fixed points, trade with news or without, different take profit levels....included in the deal is the same
I'll be watching your results!
Would be great if your included your settings for each chart so we can compare. Anyway good job!
  • #1,375
  • Dec 20, 2017 8:14am Dec 20, 2017 8:14am
Quoting johnsmith2nd
If trades are open, and MT4 is shut down and restarted, will EA pickup open trades via magic numbers and continue moneymanagement and SL?
Yes the EA should pick up and maintain the trades based on the magic numbers.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,376
  • Dec 20, 2017 8:16am Dec 20, 2017 8:16am
Quoting hzs10
shorted AUDCAD {image}
Yip me too, opened on live as well. Lets see how this goes.


FYI: I am trading all H4 signals manually on live, and running the EA on demo for testing purposes. After 1 month of testing and updates of the EA, if results are positive I will run the EA on live account as well.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,377
  • Dec 20, 2017 8:18am Dec 20, 2017 8:18am
Quoting Patso
{quote} mrdfx, this thread is "burning up" on Forex Factory. Great job on starting (and maintaining) this. I believe it's going to go strong for awhile.
Thank you Patso, I'm happy to share something that has been profitable for me. If more members can benefit from this strategy then I'll be a happy guy.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,378
  • Edited 8:57am Dec 20, 2017 8:22am | Edited 8:57am
Initial observation so far with the TE is that H4 is really loving life this week, and D1 is battling a bit.

The D1 charts are actually in fairly big DD, and the floating profit from H4 is holding the TE in the green.

I'm hoping that the D1 charts will swing into profit soon, as I know trading daily charts is more like swing trading so will take more time.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,379
  • Dec 20, 2017 8:27am Dec 20, 2017 8:27am
Wondered if anyone else has experienced this with the EA:
Every time I fire up the EA (v1.15), it seems to find a trade or two as soon as it comes up and MT4 logs in. I'm not sure if I'm not patient enough, but they don't seem to close themselves after a day or two of me letting them run. However, even before I close them, there is plenty of money in the account to put on a couple more trades, but it doesn't seem to happen. After I close any trades, no new trades are opened by the EA. During this observation period, I'm usually leaving the PC on while I'm at work and then come home to check it when I see others have taken trades throughout the day. If I close out the trades, turn off my PC, and wait a day or two...this whole scenario seems to play itself out again in the same fashion when I fire the PC back up.
Do I possibly have one of my EA settings pooched?
  • #1,380
  • Dec 20, 2017 9:06am Dec 20, 2017 9:06am
quick update from me on manual trading.
When I started this,I was setting the t/p to the s/l distance(arrow),so 1/1 risk.This was break even at best..setting t/p to 50pips turned this around. (as initially recommended by MRDFX)

I know lots of people are making massive pips on a few pairs and this seems conservative in comparison but it looks like you can check ea manually every 4 hrs,open trades and forget about them.
Hope that helps a bit as I know the exit strategy is missing here so maybe it will help a few others with a set and forget. prob much more room for improvement as well.

Thank you mrdfx,and ebeckers for your great work !
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