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Simple Daily Trend Reversal Trading System

  • #1,381
  • Dec 20, 2017 10:14am Dec 20, 2017 10:14am
Quoting hzs10
Current trade. NZDJPY reversal back. either hit SL or TP. so far positive total pips +150pips {image}
usdchf hit stop loss
  • #1,382
  • Dec 20, 2017 10:38am Dec 20, 2017 10:38am
Quoting johnsmith2nd
{quote} Mind me asking how you're managing your exit strategy? - js2nd
SR or min 50pips
  • #1,383
  • Dec 20, 2017 10:59am Dec 20, 2017 10:59am
Hi guys, mrdfx thanks for this amazing system feels like im learning something
AudCad still valid entry or not?
  • #1,384
  • Dec 20, 2017 11:08am Dec 20, 2017 11:08am
Quoting zidro
Hi guys, mrdfx thanks for this amazing system feels like im learning something AudCad still valid entry or not?
Despite signal saying SELL, it appears that the MBFX is below the 70% level.

From original rules to sell:

Quote
The MBFX Timing indicator is in the overbought zone (Above the 70% level) and indicating a red down trend.

Because of this, I'm wondering if the EA has given a false signal regards to this? Have I possibly read this wrong?
  • #1,385
  • Dec 20, 2017 11:11am Dec 20, 2017 11:11am
I want to say a Big Thank You Mrdfx for sharing this great strategy and a job well done to Ebeckers for coding and improving on the EA. I have gone through the whole thread and have read every comment from the first page to to this current page.For me I prefer to trade this manually, use the dash board while also checking the charts to ensure that there are no false signals or missing out on trades b/c the EA could not identify a trade(may be b/c of my settings or bugs).
The following are my observations on the system:
The reason it seems there is no much profit as in much pips and why some trades fail is because they are taking against S/Rand so once price gets to the S/R, it stalls, reverses or bounces of the S/R. An example was the trade last week on GBPNZD trade. see attached pix. In the pic you see that the red arrow was where the ZigZag arrow was before it shifted and when the signal to go long came it was against the 4hr. Resistance Red dotted line. Though I had not included the S/R indicator as at the time of entering that trade and when I added the S/R it was already too late.
For those having problem with TP, use the next available S/R as your TP. You can also scale out your trades by closing a giving portion at the nearest S/R while moving your SL to break even, allowing it to run or close by itself.
Since this is reversal trading, the profit targets may not be much. so take trades that have room for profit i.e that have better risk/reward ratios. for better results.
Another option that can improve our results is to add the 200sma as our trend direction and only take reversals that are in agreement with the trend( trading with the trend).

Also for better result you can enter earlier: instead of waiting for a close of the candle above the 15sma, enter after a close above the trend indicator. this will give room to the next S/R. That is follow the rules on page one except the last one which is a close above the 15sma. I discovered that most times the signal is late by the time you get a close above the 15sma. I have back tested this but yet to forward test it. Pls Mrdfx am not trying to alter your system, but trying to see how to make it more profitable than it already is. 1. Zig zag arrow appears. 2. trend changes color in the direction of the arrow. 3. mbfx timing changes color.4. enter at the opening of the next candle after a close above the trend indicator. I know Ebeckers can give us this twick on the dash board. I want to see if this can improve the results of this system. This is just my 2 kobo as we say in Nigeria
  • #1,386
  • Dec 20, 2017 11:21am Dec 20, 2017 11:21am
please i forgot to attach the pic. so here it is
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH4.png Size: 41 KB
  • #1,387
  • Dec 20, 2017 11:31am Dec 20, 2017 11:31am
Quoting mrdfx
{quote} 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. {image} {image}
Thanks mrdfx. I hope your generosity returns to you a thousand fold!
  • #1,388
  • Dec 20, 2017 1:59pm Dec 20, 2017 1:59pm
Hi mrdfx, how do i load the EA to appear only on mt4 without candles/indicators appearing?
  • #1,389
  • Dec 20, 2017 2:06pm Dec 20, 2017 2:06pm
Quoting timilehin
Hi mrdfx, how do i load the EA to appear only on mt4 without candles/indicators appearing?
Right click background, -> properties, select 'none' or 'black' for all the colours.
  • #1,390
  • Dec 20, 2017 3:02pm Dec 20, 2017 3:02pm
thanks done
  • #1,391
  • Dec 20, 2017 5:26pm Dec 20, 2017 5:26pm
Hi, for anybody who want to know if it works on a live account. This is a really profitable system and EA.

Thanks again to mrdfx, ebeckers, and everybody contributing to this thread. Will post more live results of EA next week.
Attached Image (click to enlarge)
Click to Enlarge Name: Photo editing_Cloud20171221.jpg Size: 195 KB
  • #1,392
  • Dec 20, 2017 6:10pm Dec 20, 2017 6:10pm
NZDJPY hit SL. exited EURCHF and CADJPY with total +106pips

bc of the SL it seems to breakeven. but so far 10% in account this month. However, the month has not ended and things can change within a week. I think if you want to be safe and conservative, this strategy can easily give 50 pips each trades. and it can be v profitable if u know when to exit. no need 100pips. consistently profit 50pips each days can give 1000pips/ month!

so far net profit +376 pips
  • #1,393
  • Dec 20, 2017 6:12pm Dec 20, 2017 6:12pm
I think your right about the exit. I missed my exit on gbp chf and it’s killing me. I think it’s going to come back around
  • #1,394
  • Dec 20, 2017 6:31pm Dec 20, 2017 6:31pm
Quoting hzs10
NZDJPY hit SL. exited EURCHF and CADJPY with total +106pips bc of the SL it seems to breakeven. but so far 10% in account this month. However, the month has not ended and things can change within a week. I think if you want to be safe and conservative, this strategy can easily give 50 pips each trades. and it can be v profitable if u know when to exit. no need 100pips. consistently profit 50pips each days can give 1000pips/ month! so far net profit +376 pips
Hi hzs10. Well done & thanyou for the advice. I agree . I have traded this excellent system manually successfully targeting smaller profits & only yesterday fired up the EA & traded it successfully for smaller profits on a live account. Big Thankyou to mrdfx & ebeckers.
  • #1,395
  • Dec 20, 2017 7:30pm Dec 20, 2017 7:30pm
I am not sure why I am not getting any email alerts. When I first enabled the EA I did receive email containing info about few pairs and whether to buy or sell. However even when I leave my system on all the time I have to manually check the EA. Is there something I can do to fix this.
  • #1,396
  • Dec 20, 2017 11:03pm Dec 20, 2017 11:03pm
Quoting lctrader11
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...
Well, I found out what my problem was....this afternoon when I got home I noticed "Auto Trading" was off. It was set to on in the EA, but "Auto Trading" was off on the chart. As soon as I got them both sync'd up, it started trading. Now I need to find out what I'm doing to cause it to turn off. I'll definitely be checking this from now on if I'm going to be away from the PC.
  • #1,397
  • Dec 20, 2017 11:32pm Dec 20, 2017 11:32pm
Quoting abhi254
I am not sure why I am not getting any email alerts. When I first enabled the EA I did receive email containing info about few pairs and whether to buy or sell. However even when I leave my system on all the time I have to manually check the EA. Is there something I can do to fix this.
I think I needed to enable to Alerts = True as well. Only email=true does not send emails.
  • #1,398
  • Dec 21, 2017 12:08am Dec 21, 2017 12:08am
Quoting alhalawi
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...
Thanks for sharing bro, very helpful for confirmation, As i checked your template is willl give better results in 1 hour timeframe, need to know about your opinion
Om Namah Shivaya
  • #1,399
  • Edited 1:15am Dec 21, 2017 12:49am | Edited 1:15am
Hi guys,

i am getting crazy to understand why with EA in auto mode, EA ver. 1.15, when i manually go beetween h4 and D1 window the system close position i have open random, only loosing pos. why?

I thought in deep way to understand why, i thought were on signal still in buy or sell of the time frame i open who send signal to close position in opposit way ( i have for example open a long EUR/USD and switching the time frame i have e sell EUR/USD and it close the position i have on long , instead happens on random position.

where i miss or make mistake in setting or whatelse ?
I use the stop loss at zig zag
i attach my setting ( pretty default).

thanks a lot for the help.

Paolo
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-12-21_07-51-53.jpg Size: 118 KB
  • #1,400
  • Dec 21, 2017 1:31am Dec 21, 2017 1:31am


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