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Simple Daily Trend Reversal Trading System

  • #1,661
  • Dec 27, 2017 2:29pm Dec 27, 2017 2:29pm
Quoting ebeckers
{quote} I could, but has this been an issue ?? did the ea open any orders with high spreads/slippage so far? And how should this work, i guess the max slippage and max spread are different for each pair?
Since I've started the demo last 2 weeks with great success, there hasn't been an issue yet.

But knowing the fx market it has happened before with another ea .

You are absolutely wright each currency spreads is different.
  • #1,662
  • Dec 27, 2017 2:41pm Dec 27, 2017 2:41pm
I like the idea of adding a "don't trade if spread is over X", but it's probably different tolerance for everyone, and as you said for each currency.
Maybe you could make a variable that each person could set globally. Oanda raises their spreads 15 minutes before the NY session ends (this is published behavior) for about an hour, and then the spread starts decreasing back to its normal value, so I either need to get in just prior to the end of the session, or wait for about an hour.
For me, I'm not sophisticated to where I have a tolerance for each currency, just a general one that I feel if the move of the currency doesn't have enough movement in, I just won't trade it.
As of yet, I can't remember having an issue with this EA and trading with too much spread.
  • #1,663
  • Dec 27, 2017 2:43pm Dec 27, 2017 2:43pm
On a different note, I've been busy with grandkids today and just now turned on my system. I do not have any trades based on this EA, and it's been for about an hour..is that what everyone else has at the moment?
  • #1,664
  • Dec 27, 2017 2:46pm Dec 27, 2017 2:46pm
The only time I've found a need for a max spread and slippage input setting is during a major news event, but then I was trading with a news straddle EA, and it was necessary, but for this EA I haven't seen a need for it so far.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,665
  • Dec 27, 2017 2:48pm Dec 27, 2017 2:48pm
Quoting lctrader11
On a different note, I've been busy with grandkids today and just now turned on my system. I do not have any trades based on this EA, and it's been for about an hour..is that what everyone else has at the moment?
Correct there was not much happening today in terms of new signals, although some of the current trades from my TE got stopped out today, that wasn't very pleasant lol.
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Truth is like poetry. And most people f*cking hate poetry.
  • #1,666
  • Dec 27, 2017 3:13pm Dec 27, 2017 3:13pm
Quoting lctrader11
I like the idea of adding a "don't trade if spread is over X", but it's probably different tolerance for everyone, and as you said for each currency. Maybe you could make a variable that each person could set globally. Oanda raises their spreads 15 minutes before the NY session ends (this is published behavior) for about an hour, and then the spread starts decreasing back to its normal value, so I either need to get in just prior to the end of the session, or wait for about an hour. For me, I'm not sophisticated to where I have a tolerance for each...
I don't think it will make much difference when you are trading on H4 / D1 ??
If i look now (45 mins before NY close) the spreads on my broker for all pairs is somewhere between 1.5-6 pips. During office hours they are around 0.0-2 pips
An average trade on H4 is 50-75 pips and on D1 its even more.
So what will happen is that you will skip trade worth 50-75 pips just because the spread is perhaps 5 pips higher then normal
Doesn't make sense to me ;-)

Oh and you can use the time filter to specify that the EA is not allowed to open new trades between 22:45 - 00:00 if you want ;-)
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  • #1,667
  • Dec 27, 2017 3:33pm Dec 27, 2017 3:33pm
Today it looked like we having set up on EUR/CHF and NZD/CHF for sell =)
  • #1,668
  • Dec 27, 2017 3:53pm Dec 27, 2017 3:53pm
Hello guys

I've been away and just working on the system to be more accurate. Sometimes we enter trades while in a trend and sometimes it is counter trend. The only problem we are facing is entering a pullback and trade is going against us.
We should find a way to filter the trades to be more on a safe side.
We are all here to be successful so let's work on it together and see all ideas.
  • #1,669
  • Dec 27, 2017 3:59pm Dec 27, 2017 3:59pm
Quoting alhalawi
Hello guys I've been away and just working on the system to be more accurate. Sometimes we enter trades while in a trend and sometimes it is counter trend. The only problem we are facing is entering a pullback and trade is going against us. We should find a way to filter the trades to be more on a safe side. We are all here to be successful so let's work on it together and see all ideas.
Nothing is certain in forex, so there will always be losing trades.
But we should try to filter out low probability trades and only trade the high probability ones.
Any idea's / suggestions on how to improve the strategy are welcome. I know mrdfx is experimenting with currency strength indicators too see if that will help.
I'm busy with the next version of the EA which auto detects S&R levels and only takes trades occurring on these levels.
Both ideas sound promising but they are still work in progress and when done, we will have to check if it actually improves the results or not
So if you have ideas.. please let us know!
  • #1,670
  • Dec 27, 2017 4:05pm Dec 27, 2017 4:05pm
Quoting ebeckers
{quote} Nothing is certain in forex, so there will always be losing trades. But we should try to filter out low probability trades and only trade the high probability ones. Any idea's / suggestions on how to improve the strategy are welcome. I know mrdfx is experimenting with currency strength indicators too see if that will help. I'm busy with the next version of the EA which auto detects S&R levels and only takes trades occurring on these levels. Both ideas sound promising are but still work in progress and we'll have to check if it actually improves...
Working on some ideas, just wanted to share what I am doing so that people that might also have ideas to share as we can all benefit from
  • #1,671
  • Dec 27, 2017 4:13pm Dec 27, 2017 4:13pm
not busy today

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  • #1,672
  • Dec 27, 2017 4:19pm Dec 27, 2017 4:19pm
Wasnt expecting CHFJPY to just move 50+ pips in half day. Hoping for some kind of miracle after the JPY news today.
  • #1,673
  • Dec 27, 2017 9:10pm Dec 27, 2017 9:10pm
I just wonder if i am doing the right backtest with the right settings? I try to turn the zigzag SL on and off still get similar result.
I am not finishing reading the whole thread, but i just wonder... Because everybody here is getting positive result.
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  • #1,674
  • Dec 27, 2017 9:36pm Dec 27, 2017 9:36pm
EURJPY hit SL
  • #1,675
  • Dec 27, 2017 9:48pm Dec 27, 2017 9:48pm
Quoting hzs10
EURJPY hit SL
EUR/JPY didn't cross 15 MA at my side to be in short trade
  • #1,676
  • Dec 27, 2017 9:51pm Dec 27, 2017 9:51pm
Quoting taksistalo
{quote} EUR/JPY didn't cross 15 MA at my side to be in short trade
this trade was engaged on 22nd dec, lol
  • #1,677
  • Dec 27, 2017 11:33pm Dec 27, 2017 11:33pm
USDCHF TP+60. First successful closed trade with this strategy. Just a question,i see that this was a trend trade, not counter, should i have let it run? I Chose to set my TP at the S/R but this could've been a runner. What would you guys normally do for trade management
  • #1,678
  • Dec 28, 2017 12:05am Dec 28, 2017 12:05am
SHORTING CADCHF and GBPJPY H4 Signal just came in. Im at work now therefore cant show charts
  • #1,679
  • Dec 28, 2017 12:43am Dec 28, 2017 12:43am
Quoting ebeckers
{quote} Nothing is certain in forex, so there will always be losing trades. But we should try to filter out low probability trades and only trade the high probability ones. Any idea's / suggestions on how to improve the strategy are welcome. I know mrdfx is experimenting with currency strength indicators too see if that will help. I'm busy with the next version of the EA which auto detects S&R levels and only takes trades occurring on these levels. Both ideas sound promising but they are still work in progress and when done, we will have to check...
@ebeckers: as written yesterday I would prefer to include an currency strenght indi (from ferrufx probably).
  • #1,680
  • Dec 28, 2017 2:32am Dec 28, 2017 2:32am
Quoting renkotop
{quote} @ebeckers: as written yesterday I would prefer to include an currency strenght indi (from ferrufx probably).
This could be a very interesting idea, combining CCFp to filter trades. I would be very interested in testing this, should this potentially come to fruition. Obviously we don't want to detract from the original strategy, and sometimes it is best to keep things simple, than adding a million different variables.

As for today, relatively dormant, I've decided to stop demo trading, it's not an accurate reflection of market conditions, and I will never consider trading during this period in the future, so no point really.
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