Simple Daily Trend Reversal Trading System

It should never have 2 (or more) trades per pair at the same time.

so example:
- 2 trades open for EURUSD is NOT allowed
- 3 trades open (1 for EURUSD, 1 for GBPCAD, 1 for AUDNZD) is allowed

And also allowed: you have a trade open on EURUSD which get closed, then the EA might open a new trade on EURUSD after 30 mins

I never saw the EA opening 2 or more orders for the same pair at the same time

Do you got 2 EA's running ?

Your Charts looks like the Christmas tree ;-)

Could you please attach few more indicators ;-)))

Betcha results would be far better ;-))

Is there logic in the ea to open trades before candle close ?

Why do you think it does this ? The EA (should) only open trades after candle closes

It seems we have a very good trend reversal trading system. We also need a trend continuation and a ranging system. We also need a method to identify at what phase the market is at any given time.

I recently start using a trend continuation system and I could contribute it to the thread. I have not tested it for a long time, but the first results look promising. As for the ranging system, it will be relatively easy: We find the top and bottom limits of the ranging area and we place limit orders.

If we add the above mentioned systems to the system mrdfx created, we will be able to trade in any market phase and the opportunities to make profits will be many more.

If you want I could try to present the trend continuation system.

This is my first post to the forex factory, after silently reading the threads for many years. I hesitate to write because my English are not very good. Feel free to correct any mistakes that I made.

Yup coming up shortly.

just an idea..

if we split trades direction with an option like:
allow BUY > true/false
allow SELL > true/false

we may put an EA with basic rules dedicated each pair (maybe not all, only where we choose to trade)
and we can monitor the main trend/counter positions better.

for example,
let's say AU in a bullish channel from 2016. Price is in a down zone area,near trend line. a good price for try a buy.
I should allow EA > only buy position (good % win)
and avoid short pos (less profitable succes %, counter trend)
and add a buy pos every new signal.

Does it make sense to you?

I am currently testing with the FXM indicator, initial results have been good with cross checking a signal on the FXM list, but more time is needed to see if it is filtering winners and losers. So far it filtered out some big losers, but also 1 or 2 winners were missed which is what we want to avoid.

It's also a challenge to get the source code for the indicator so it can be coded into the EA, but I'm working on that.

Ebekers
i have 1 EA on Purple trading and 1 on Pepperstone with different settings for Zig Zag and SL for testing purposes. both have a 30 mins delay setting for 2nd trade on same pair.

Because Ive had the ea open two trades of friday one at 18:27 and 13:17 and ea is on a 4hr chart.

I never change time on ea chart so it weird its happened if its only programmed for candle close.

Hi
I think that this indicator will be useful for checking the strategy on history

Week 2 update of the EA test! For previous weeks update please see here: https://www.forexfactory.com/showthr...6#post10616966

Just to recap for anyone who doesn't know yet, or hasn't been following;

"I created a new demo account on Monday 18/12/17 to test the EA over a 1 month period and then judge overall results. This is also to test different time frames, as well as different settings, which will be more profitable overall. I am testing 2 time frames, H4 and D1 only. I did test lower time frames (M15, M30, H1) but they did not do very well, H4 and D1 performed much better so I will be sticking to these 2 time frames for this test. I am also testing whether using the TS settings is better, or leaving the TP at next new opposite Zig Zag Arrow for overall max profit, so there are duplicates on the TE as there are 2 charts trading H4, and 2 charts trading D1."

So it's been a slow week, with Christmas on Monday and Boxing Day on Tuesday, so the markets only started to wake up a little bit on Wednesday, but even then it was a slow week with few good trending pairs. After a good start last week things took a little turn to the downside, and some trades got stopped out. See week 2 results below.

- Account balance at start: $10000
- Account balance current: $10404 - (-$645)
- Account growth in %: 4.2% - (-6.5%)
- Account growth in profit: $423 - (-$645)
- Account growth in pips: 596 - (-624)

- In 1st place is the H4 chart using the TS settings, with a current total profit of $395.15, and 76.09% win rate.

- In 2nd place is the D1 chart using the TS settings, with a current total profit of $319.61, and 100% win rate.

- In 3rd place is the D1 chart using the next new opposite arrow as TP, with a current total profit of $5.74, and a 100% win rate.

- In 4th place is the H4 chart using the next new opposite arrow as TP, with a current total profit of -$316.46, and 30.77% win rate.


So this week there have been some changes in positions and some that were doing well last week suffered this week. The H4 chart that is not using the TS settings took the biggest knock with the most SL being hit. The charts using TS settings are locking in more profits overall than the charts not using TS settings. I think on the higher time frames waiting for the next new opposite arrow for TP is too long and can take many days for a trade to close, especially on D1 charts, and this also leaves the running trades exposed for longer periods, which can suffer from market reversals, and expensive swaps. Currently I'm favoring the TS settings, but do note that although the charts not using TS settings have not made the most profit, they are having the largest floating profit, so perhaps things can still favor them.

We are half way in the test lets see how things go, I'm still not expecting big moves with more holidays coming up, but it should still prove an interesting week ahead.

Make sure you are using different magic numbers on each chart.

I also do eagerly desire and await this function Ebeckers, its a form of money management which is vital in reducing drawdown.

@mrdx....

Are you using the ts settings from post #1,508 with the new version on H4???
Thanks

Yes I am still using the same TS settings.

hi, mrdfx, firstly wish you good holiday! really thanks for sharing this beautiful strategy, but this thread has 91 pages, and i can not one by one to read all of them, can you tell me which setting you use for this latest ea? i check your trade explore , it is work really well. if you can , can it be load the new setting here?

although its the same EA on different brokers, still need diff magics?