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Simple Daily Trend Reversal Trading System

  • #1,601
  • Dec 26, 2017 6:46pm Dec 26, 2017 6:46pm
Quoting detector
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 {image}

Hi.
I see that you have the ea on a 1h chart. Should not you have it on a 4h or 1d chart?
If the time frame is not right, the signals may be wrong.
In these two periods of time is where better results gives.
Regards
  • #1,602
  • Dec 26, 2017 9:38pm Dec 26, 2017 9:38pm
Quoting parsifal23
{quote} Did you expect a free signal service which is 100 % right ?? I can assure you...there is nothing like that why donīt you go to page 1, read and learn the system, trade it for 1 month on demo and see what happens ??

if you would have read carefully the way i write.. you will know my hidden meaning.. just use SMA and MBFX will be more than enough to profit..before you post this.i already using that for quite sometime.. MBFX itself is good enough..you no need a repainting zig zag arrow to tell you the entry..
  • #1,603
  • Dec 26, 2017 10:14pm Dec 26, 2017 10:14pm
Quoting detector
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 {image}
The red and green Ticks are the trend based on 200 EMA, not a signal to get involved =)
  • #1,604
  • Dec 27, 2017 12:09am Dec 27, 2017 12:09am
funny, all I have are chfjpy eg and ej and uf short
  • #1,605
  • Dec 27, 2017 1:54am Dec 27, 2017 1:54am
Good morning, I do not understand why in the panel a sale appears and instead the graphic does not show the requirements mentioned for said sale.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCADH4G.png Size: 39 KB
Click to Enlarge Name: GBPUSDH4.png Size: 23 KB
  • #1,606
  • Dec 27, 2017 1:58am Dec 27, 2017 1:58am
Quoting Mistiko
Good morning, I do not understand why in the panel a sale appears and instead the graphic does not show the requirements mentioned for said sale. {image} {image}
That is because there is no valid signal yet.
In you example for GBPCAD the zigzag arrow is ok, the MBFX is ok, the Trend is ok and the SMA 200 is ok
but the ea is still waiting on a valid MA15 signal. Once that appears on the EA dash then the trade setup is valid
Remember that if you turn on the SMA200 like you did then the MA15 column should shown 2 things
- a green up/down arrow indicating the sma200 trend is valid
- a green check mark/tick indicating that the MA15 is valid

In your screenshot you only see an orange SMA200 down arrow, which indicates that the SMA200 is ok but the MA15 is not.
The EA will clearly show when a signal is valid by When its valid you will see the text <-- BUY (or SELL) GBPCAD behind the pair
  • #1,607
  • Dec 27, 2017 2:01am Dec 27, 2017 2:01am
Quoting Mistiko
Good morning, I do not understand why in the panel a sale appears and instead the graphic does not show the requirements mentioned for said sale. {image} {image}

your gbcad buy does not meet at all the requirements of the strategy

the candle should close above the 15 sma and the indicator and trend line should be green

so this is not a valid buy signal
  • #1,608
  • Dec 27, 2017 2:10am Dec 27, 2017 2:10am
Quoting ebeckers
{quote} That is because there is no valid signal yet. In you example for GBPCAD the zigzag arrow is ok, the MBFX is ok, the Trend is ok and the SMA 200 is ok but the ea is still waiting on a valid MA15 signal. Once that appears on the EA dash then the trade setup is valid Remember that if you turn on the SMA200 like you did then the MA15 column should shown 2 things - a green up/down arrow indicating the sma200 trend is valid - a green check mark/tick indicating that the MA15 is valid In your screenshot you only see an orange SMA200 down arrow,...
But the EA appear to be valid and then I go to the graph and do not reflect the same.
  • #1,609
  • Dec 27, 2017 2:12am Dec 27, 2017 2:12am
Quoting Mistiko
{quote} But the EA appear to be valid and then I go to the graph and do not reflect the same.
No.. read my last answer. The EA clearly shows you the signal is NOT valid yet
  • #1,610
  • Dec 27, 2017 2:17am Dec 27, 2017 2:17am
Quoting Mistiko
{quote} But the EA appear to be valid and then I go to the graph and do not reflect the same.
Yellow Trend Arrow means NOT YET VALID. Only when it turns green it becomes valid.
  • #1,611
  • Dec 27, 2017 2:20am Dec 27, 2017 2:20am
Thanks for the help.
  • #1,612
  • Edited 3:15am Dec 27, 2017 2:24am | Edited 3:15am
Testing two strategies so far,

v1 - Settings found here: https://www.forexfactory.com/showthr...2#post10613772

v2 - Settings below for those interested.

Main differences is SMA200 is True, StopLossAtZigZagArrow is True, ZigZagCandles is set to 50.
Time filter is set to 24hr.

The reasoning was to take onboard a little what Alorente stated in post 1481, and to have a test of the settings. Of course testing is limited due to lack of volatility generally in this holiday period, but will be interesting to see the difference. My v1 strategy, I'm looking at a conservative MM, default settings are not far off this.
Attached Image(s) (click to enlarge)
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Attached Image
  • #1,613
  • Dec 27, 2017 2:39am Dec 27, 2017 2:39am
good morning traders, so far no signal UTC Time 08:38

Attached Image (click to enlarge)
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  • #1,614
  • Dec 27, 2017 3:09am Dec 27, 2017 3:09am
New setting v2 like Post 1612

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_17.png Size: 19 KB
  • #1,615
  • Dec 27, 2017 3:15am Dec 27, 2017 3:15am
s this setup correct for the Zig Zag?

Attached Image
  • #1,616
  • Dec 27, 2017 3:23am Dec 27, 2017 3:23am
Quoting skipper13
s this setup correct for the Zig Zag? {image}
Yes, if you are following the default settings my mrdfx
  • #1,617
  • Dec 27, 2017 3:25am Dec 27, 2017 3:25am
Just for the record, the EA needs to be running in one session and not connected to multiple charts?
I don't need to be good at the game, only good enough to beat my opponent,
  • #1,618
  • Dec 27, 2017 3:27am Dec 27, 2017 3:27am
thnks johnsmith,

All settings are forH4?
  • #1,619
  • Dec 27, 2017 3:37am Dec 27, 2017 3:37am
I am now testing the v2 setting as in post 1612 by johnsmith2nd
  • #1,620
  • Dec 27, 2017 3:59am Dec 27, 2017 3:59am
GBP/USD signalled and open, now on the 4hr chart, too much devastation on the 1hr
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 33 KB
I don't need to be good at the game, only good enough to beat my opponent,
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