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Simple Daily Trend Reversal Trading System

  • #1,581
  • Dec 26, 2017 7:06am Dec 26, 2017 7:06am
Today some Brokers opened at different times, as much as 9 hours apart
  • #1,582
  • Dec 26, 2017 7:19am Dec 26, 2017 7:19am
Quoting mrdfx
{quote} If your broker uses NY close charts, and so does mine then why do our charts also look different? NZDJPY still not valid for you?
since i’m stupid :-) until now i had the ea running on an old demo account i still had @ xm.com which has european closes. for live trading however i use gomarkets which has ny close charts. so this just reminds me to open a new demo account @ go markets instead of being lazy and use my old xm.com demo account
  • #1,583
  • Dec 26, 2017 7:26am Dec 26, 2017 7:26am
we must all compare our signals to solve this problem. Unfortunately, I have no idea how this can be done, I'm not a programmer
my signal is always valid
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  • #1,584
  • Dec 26, 2017 7:49am Dec 26, 2017 7:49am
this is what I show. finpro broker which operates at GMT.

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Blessed is the one who takes refuge in Him.
  • #1,585
  • Dec 26, 2017 8:23am Dec 26, 2017 8:23am
Quoting reo4ua
this is what I show. finpro broker which operates at GMT. {image}

"It is the blessing of the LORD that makes rich, And He adds no sorrow to it"

THANK YOU SO MUCH FOR THIS WORDS, reo 4ua
  • #1,586
  • Dec 26, 2017 8:27am Dec 26, 2017 8:27am
Quoting mrdfx
{quote} Your brokers server time is different than mine, so perhaps that is the reason for the difference in signals by the EA. Btw, sell order on NZDJPY just opened by EA. {image}
Hi mrdfx.

like at your's my dashboard shows a S/L of 79.73 on NJ although stoploss is set to true at ZigZag Arrow, any idea!?

thanks. jdva
I never lose - either I win or I learn...
  • #1,587
  • Dec 26, 2017 8:47am Dec 26, 2017 8:47am
Quoting jdva
{quote} Hi mrdfx. like at your's my dashboard shows a S/L of 79.73 on NJ although stoploss is set to true at ZigZag Arrow, any idea!? thanks. jdva
Hello jdva yes that's correct, SL is set at 79.300, the same like mine.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,588
  • Dec 26, 2017 12:10pm Dec 26, 2017 12:10pm
My Ea using NY close just took a trade USDCHF SELL 4HR
But its not valid according to template. EA shows a sell arrow but template ZIGZAG arrow is still up.

Is the zigzag arrow correct on the ea or on the template ?
both settings match so not sure what going on there.
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  • #1,589
  • Dec 26, 2017 12:41pm Dec 26, 2017 12:41pm
Quoting mrdfx
{quote} Hello jdva yes that's correct, SL is set at 79.300, the same like mine.
I guess you mean 79.73, anyway seems to be pretty close with just about 20 pips SL.

What do you think about an ATR-based SL and TP on individual currencies? For instance, on NJ 150% of ATR (H4,180 periods) are 37 pips as risk SL (1R), hence TP could be 2R or 74 pips as fixed reward. F.i. corresponding to the different volatilities those values would match 90/180 pips on GA.

Just a consideration, although I have to admit, I don't know how difficult that could be coded...or just manual input possible. Many thanks for your constant efforts, mate !

Happy trading, jdva
I never lose - either I win or I learn...
  • #1,590
  • Dec 26, 2017 12:52pm Dec 26, 2017 12:52pm
Hi all, took a while to read the thread, all very interesting, decided to live test the system at 0.01 lots, all on the EA, will post any updates, what I will say is that an update of how the system has evolved should be at the start with post numbers, there have been many updated versions of the EA and I was fortunate to hit the current version, not having this is giving rise to what may seem silly questions with answers like "read the thread" well I have and many posts of chit chat just delay and vital posts of information can be overlooked or missed, just my thoughts and please be kind, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,591
  • Dec 26, 2017 1:36pm Dec 26, 2017 1:36pm
Quoting nihilist23uk
My Ea using NY close just took a trade USDCHF SELL 4HR But its not valid according to template. EA shows a sell arrow but template ZIGZAG arrow is still up. Is the zigzag arrow correct on the ea or on the template ? both settings match so not sure what going on there. {image} {image}
That is very strange as on my dash that pair isn't even on my list of upcoming trades for confirmation. I'm really not sure why the EA gave that as a signal, perhaps ebeckers can look into that.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,592
  • Dec 26, 2017 1:40pm Dec 26, 2017 1:40pm
Quoting jdva
{quote} I guess you mean 79.73, anyway seems to be pretty close with just about 20 pips SL. What do you think about an ATR-based SL and TP on individual currencies? For instance, on NJ 150% of ATR (H4,180 periods) are 37 pips as risk SL (1R), hence TP could be 2R or 74 pips as fixed reward. F.i. corresponding to the different volatilities those values would match 90/180 pips on GA. Just a consideration, although I have to admit, I don't know how difficult that could be coded...or just manual input possible. Many thanks for your constant efforts,...
Yes I do agree that it is a tight SL for a H4 based trade. I'll keep an eye and if its gets stopped out then perhaps reenter again,

I'm certainly open to additional SL options or exit strategies if they are good, and can fit into the strategy. I will say I'm not very familiar with ATR based SL & TP, ATR is the same like ADR correct? I'm also not sure how difficult it would be for ebeckers to get it coded.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,593
  • Dec 26, 2017 1:42pm Dec 26, 2017 1:42pm
Quoting detector
Hi all, took a while to read the thread, all very interesting, decided to live test the system at 0.01 lots, all on the EA, will post any updates, what I will say is that an update of how the system has evolved should be at the start with post numbers, there have been many updated versions of the EA and I was fortunate to hit the current version, not having this is giving rise to what may seem silly questions with answers like "read the thread" well I have and many posts of chit chat just delay and vital posts of information can be overlooked or...
Hi detector, if you read the first post you will see I've listed all updates and versions of the EA, so you can follow on the developments, and download the latest version. I have also added a reference to the addition of the TE and a brief explanation of it.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,594
  • Dec 26, 2017 2:00pm Dec 26, 2017 2:00pm
Quoting mrdfx
{quote} Yes I do agree that it is a tight SL for a H4 based trade. I'll keep an eye and if its gets stopped out then perhaps reenter again, I'm certainly open to additional SL options or exit strategies if they are good, and can fit into the strategy. I will say I'm not very familiar with ATR based SL & TP, ATR is the same like ADR correct? I'm also not sure how difficult it would be for ebeckers to get it coded.
atr would be simple to add, but it doesnt make any sense to me why you would want to base the SL /TP on the atr ?
  • #1,595
  • Dec 26, 2017 2:05pm Dec 26, 2017 2:05pm
Quoting mrdfx
{quote} Hi detector, if you read the first post you will see I've listed all updates and versions of the EA, so you can follow on the developments, and download the latest version. I have also added a reference to the addition of the TE and a brief explanation of it.
Hello MRDFX, your work is exceptional, I apologise for not stating this on my first post, It has taken a while to go through 80 pages lol, given what I have read and the fact I'm trading this live, wouldn't have any other way, hopefully explains this.
If a valid point arises, it would be good to see first page coverage, other than that, not complaining, seen a few replies to question and wasn't impressed with the answer, again, all good and great reading.
Currently trading the 1hr with your system, while the 4 is preferred it may turn out a hybrid of my own making, that may come later but will evaluate both 1&4hr for the time being, hybrid on results, if it's not broken don't fix it, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,596
  • Dec 26, 2017 2:12pm Dec 26, 2017 2:12pm
Quoting mrdfx
{quote} Yes I do agree that it is a tight SL for a H4 based trade. I'll keep an eye and if its gets stopped out then perhaps reenter again, I'm certainly open to additional SL options or exit strategies if they are good, and can fit into the strategy. I will say I'm not very familiar with ATR based SL & TP, ATR is the same like ADR correct? I'm also not sure how difficult it would be for ebeckers to get it coded.
mrdfx. I think this is my first post. I tried to post a comment however, it is not posted. Using other indicator for SL or TP would be good however, I think we should stick to your trade idea and keep it simple. Would it not make sense to add initial stop loss at few pips above arrow for sell positions and few pips below the arrow for buy positions. EA currently have two options, stopLossAtZigZagArrow and fixed stop loss. StopLossAtZigZag, I see the arrows at either support or resistant levels. If it is broken, then I want to get out of the market. I wonder if StopLossAtZigZag would do that especially when we trade on 4HR bars. Other stop loss is fixed. As you know, EUR/GBP moves much slower than GBP/AUD or GBP/NZD. If I set stop loss at 50 pips, on EG, will take a long time to get 50 pips in profit or loss however, 50 pips profit or loss can occur on GA or GN in few mins. I wonder using fixed stop loss or trailing stop is good option that all currency pairs moves unevenly. I want to hope that your system gives enough time and depth so each traders can set their own profit take which would be good problems for everyone. Maybe able to set 1:1 RR for each trade. Meaning same distance from ZigZagArrow to position opened as profit take? ZigZagArrow do repaint however, Arrow must remain on the chart quite some time before EA signals comes up. So I think the stop loss with system the EA has shall create the Stop Loss. Just a thought.

Thanks for sharing awesome EA and trade idea.
  • #1,597
  • Dec 26, 2017 2:22pm Dec 26, 2017 2:22pm
Quoting ebeckers
{quote} atr would be simple to add, but it doesnt make any sense to me why you would want to base the SL /TP on the atr ?
You asking the wrong guy lol.. I'm not familiar with it nor have I used it in my trading, but @ jdva mentioned it.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,598
  • Dec 26, 2017 2:24pm Dec 26, 2017 2:24pm
Oh btw just got 2 sell signals for EURGBP and EURCHF, lets go!
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Truth is like poetry. And most people f*cking hate poetry.
  • #1,599
  • Dec 26, 2017 2:45pm Dec 26, 2017 2:45pm
GBP/AUD signalled a while ago, waiting for EUR/GBP, BTW for some reason when setting up a trade was opened on the EUR/JPY opened and closed straight away, no reason why so this represents the losing trade, a fluke.
EDIT again,
this is my chart as it where, no representation just the EA, I do however, have charts open with the kitchen sink on, lol
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I don't need to be good at the game, only good enough to beat my opponent,
  • #1,600
  • Dec 26, 2017 2:55pm Dec 26, 2017 2:55pm
Quoting mrdfx
Oh btw just got 2 sell signals for EURGBP and EURCHF, lets go! {image}
The 15min tick is green on the platform, should it be red for entering?
I don't need to be good at the game, only good enough to beat my opponent,
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