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Simple Daily Trend Reversal Trading System

  • #1,841
  • Dec 31, 2017 8:55am Dec 31, 2017 8:55am
Quoting merlin1331
{quote} i am not offece anyone here, be calm down, and i am not lazy , i still read pages now, but sometimes i did not understand fully , so i want some quick reply, i do also respect mrdfx hard work, pleaser do not insult anyone.
In my experience, you have ~50/50 shot of this method helping. In this case, it returned the desired results.

In the top left corner of this page you will see the search area:

Attached Image


Following is what was returned:

Attached Image
Blessed is the one who takes refuge in Him.
  • #1,842
  • Dec 31, 2017 9:03am Dec 31, 2017 9:03am
Quoting reo4ua
{quote} In my experience, you have ~50/50 shot of this method helping. In this case, it returned the desired results. In the top left corner of this page you will see the search area: {image} Following is what was returned: {image}
thanks for reply me, i will try to understand all of these. sometimes i am still not how to use some function in FF. but really thanks for your kindly words. wish you happy holiday.
  • #1,843
  • Dec 31, 2017 9:16am Dec 31, 2017 9:16am
Happy New Year to all of you. May 2018 be the year of success, good health, happiness, love and prosperity. God bless you all.
Attached Image (click to enlarge)
Click to Enlarge Name: Happy-New-Year.jpg Size: 144 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #1,844
  • Dec 31, 2017 9:49am Dec 31, 2017 9:49am
Amen God bless everyone and a fruitful new year.
  • #1,845
  • Dec 31, 2017 10:07am Dec 31, 2017 10:07am
Quoting ebeckers
{quote} try this one.. {file}
trendlines is same as non lag MA.I am using all these indicators by my own and im so glad that your team has formulated this strategy and EA.This is a way to trade,Congrats!

how about keeping zigzag arrow to setting 30 instead of 60,because we are fighting for 10-20 pips,i kept my zigzag arrow on 10 on daily to 4 H chart and i was happy.

Happy new years and many green pips in 2018!
  • #1,846
  • Dec 31, 2017 10:16am Dec 31, 2017 10:16am
Best wishes to all for 2018 and beyond. May pips and happiness be yours.
  • #1,847
  • Dec 31, 2017 11:35am Dec 31, 2017 11:35am
happy new yyear
I have added to the EA a sixths filter from open source code given earlier.
For aone interested in extra filter on signals.
its called peaky borrowed from stevehopwood
Attached File(s)
File Type: ex4 SimpleDailyTrendReversal_WithSixthsDirection.ex4   161 KB | 432 downloads
File Type: mq4 SimpleDailyTrendReversal_WithSixthsDirection.mq4   30 KB | 525 downloads
  • #1,848
  • Dec 31, 2017 11:41am Dec 31, 2017 11:41am
Quoting candyman752
happy new yyear I have added to the EA a sixths filter from open source code given earlier. For aone interested in extra filter on signals. its called peaky borrowed from stevehopwood {file} {file}
nice.. but it seems that GetPeakyTradeDirection() is not called anywhere ??
  • #1,849
  • Dec 31, 2017 6:02pm Dec 31, 2017 6:02pm
I have been following the thread pretty closely and have not seen any discussion about position sizing as it relates to the risk per trade. This simple concept could drastically change, and possibly improve the results. The principle is quite simple, but because there is no information available about the actual hard stop, it is not possible to calculate a proper comparison of what the current results are compared to what the actual results are using standard stop sized risk management. There may be large winners on these trades when the market runs away with a great reversal entry but those wins are diminished when a position is not sized properly. For example if the stop is a smaller one relative to where the signal occurs, that particular win may net a much larger profit. Further, if a stop is hit on the GBPJPY for 150 pips on a 240 minute time frame, that loss will likely wipe out profits for many of the smaller wins that are sized exactly the same. If a stop is place on EURUSD for 50 pips at a fixed size of 1 unit that % of risk is much less than a position size of 1 unit with a 150 pip stop. It is simple math, and shows a serious vulnerability. It is OK to use standard lot sizes for the simple task of EA functionality and performance, but this is not a serious method for risk management. A string of losing trades will wipe out an account quickly. There are not only inequalities with stop sizes and positions sizes, there are also different weights that occur when calculating the risk for the cross pairs when trading in USD. Anyone who has been trading for a while will recognize the importance of this element and I suggest this as a way to truly improve the performance of this EA. I would set aside all the tweaking for trend lines and extra indicators and implement a rigorous risk management tool into the EA and then see what the results are with what you have already developed. So for it looks very promising, but without a stop... I remain skeptical. I offer this in the spirit of helpful critique, not to disparage or hinder your excellent work. Take care, and happy new year.
  • #1,850
  • Dec 31, 2017 8:29pm Dec 31, 2017 8:29pm
Quoting pipsy7
{quote} -------7 sheeessszzzzz just 91 pages tooooo much tooo read , lazy Mfukker = u know how many hrs Ebeckers had to work on this EA !!!!!!!!!!!!!!!!!!!
sometimes I read 91 pages in 2 hours. It is a special technique. And therefore some weeks I read over 500 pages only in this forum, beside my books handy. But also I can understand that not all characters are as same as me. I am beside of this aware that one can trade better as by me reading 5 pages compare to my 100 pages. Some are lazy and more succesful and some are hardworker with some coins in pocket only. Forex is a businnes with only 2 ways of winning or losing, but 95% are losing statistical. And I do also not think that the %5 is reading more pages as the rest of 95%

Ok so much brain running is enough..2018 welcome. lets do some money , here or there, somewhere
" Accepting losses is the most important single investment devise "
  • #1,851
  • Dec 31, 2017 9:32pm Dec 31, 2017 9:32pm
Quoting jsmanuse
I have been following the thread pretty closely and have not seen any discussion about position sizing as it relates to the risk per trade. This simple concept could drastically change, and possibly improve the results. The principle is quite simple, but because there is no information available about the actual hard stop, it is not possible to calculate a proper comparison of what the current results are compared to what the actual results are using standard stop sized risk management. There may be large winners on these trades when the market...
Happy New Year to everyone.

In line with jsmanuse suggestion, rather than tweaking and adding more indicators to an already good system, can I suggest that we look more into the trade management of the open positions.

At the moment, we have only two types of trade management which are:

  1. trailing trades based on pips profit and
  2. initial stoploss at the previous Zigzag swing and closing the trade when the opposite zigzag candle appears

I have visually back tested the ea (version 117) from January 2016 to December 2017 over the weekend using both stoploss methods mentioned above and the results were good but can be better. The results were in line with mrdfx current demo testing. The trailing stoploss method performed slightly better than leaving the trade to close when the opposite zigzag arrow appears.

With the permission of mrdfx and ebeckers, could we look into adding these options into the trade management so that others on the forum can forward test and let us know their results:

  1. trail the trades with fractals. I suggest we don't use the standard fractals which repaints; we can use a customizable fractal where we can use 2, 3, 4, 5, etc candles before and after to define how aggressive the trailing should be. I have attached an adjustable fractal indicator which i found here on FF and I give credit to the person that coded it. I'm sure ebeckers can do wonders with it.
  2. trail the trades with a more responsive zigzag setting. This implies that we are entering trades with the major Zigzag settings from mrdfx and trailing the trades with smaller wave forms until the trade is stopped out.
  3. Take profit only when there is an opposite trade signal. As we all know entering a trade is simpler than exiting. During the back testing, I noticed that trades which have potential of riding a big reversal are cut short once the opposing zigzag candle appears for the first time (even though it repaints). I think we could change this to keep the trade on and only close the trade when an opposite trade signal is confirmed.

Wishing you all green pips in 2018.

Attached File(s)
File Type: mq4 FractalsMod.mq4   5 KB | 371 downloads
  • #1,852
  • Jan 1, 2018 1:33am Jan 1, 2018 1:33am
Happy New Year to all.

Regarding khogghai comments in the previous post, I would like to add one further suggestion.

I think having one set of trailing stop settings for all pairs could be improved by relating the amount of trail to the Recent Daily Range of each pair. I have seen this done on several trade management EA's

In addition I saw a comment above that MrdFX was looking at filtering via a currency strength filter, I think this could also help. I was following Forexpinbar's CCFP thread for several months https://www.forexfactory.com/showthread.php?t=635569 using the CCFp
Attached File(s)
File Type: ex4 CCFp-Diff_[v2.0](1).ex4   96 KB | 304 downloads
Attached File(s)
File Type: ex4 CCFp-Diff_[v2.0-MTF](1).ex4   31 KB | 357 downloads
indicator there are several variants developed but it worked well especially on the higher time frames.

Ultimately to get the best settings some back testing will be required now that we have a ZigZag indicator that shows historical repaint positions I assume this can be done.....Is there anyone on the team who is a back testing guru?...
  • #1,853
  • Jan 1, 2018 9:08am Jan 1, 2018 9:08am
One of the strategy shared here ended up on last day of year with a lose day. However on the previous day it was a winner. I didn't try yet to tweak the set. Before doing or trying to touch anything of the parameters I need to watch few more days the actual behave of the EA in real volalite market conditions. Because the TS settings will have a widen different performance, after few days a new volalite has to count into the game. I want to point out that the testing phase of the last week of 2017 was not the real show , the ADR was almost on many days on half power with some pairs. So 2018 arrived and I am happy, I hope soon for good volalite conditions. Below the last day of 2017 with H4
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" Accepting losses is the most important single investment devise "
  • #1,854
  • Jan 1, 2018 9:22am Jan 1, 2018 9:22am
Hello mrdfx, may I can ask you your TE is showing us all your tests together?

I mean I read above h4 with TS and without TS and D1 with and without TS. I got the point that H4 with TS was a good performer, is your TE showing all them together? I try to understand the up and down momentum there. Also of course another case is the version change.
Thank you

By also I wish all fellowers and all nice people a great green 2018
" Accepting losses is the most important single investment devise "
  • #1,855
  • Jan 1, 2018 10:08am Jan 1, 2018 10:08am
" And I do also not think that the %5 is reading more pages as the rest of 95% " = u R bloody wrong there imho
da n0o0b + $hit_Disturber
  • #1,856
  • Jan 1, 2018 10:23am Jan 1, 2018 10:23am
Quoting taksistalo
Looks like TDI has a nice confirmation and I find it almost everywhere in the forum. I like it for nice confirmation on exits and entries as well. I attached it just in case someone want to try it. {image}{image} {file}
Wow this thread has exploded...

just finished reading all the recent posts, since being on holiday and the idea of using the tdi filter aswell maybe quite interesting. I like the idea of ccfp or currency strength but have no idea how to apply such a filter and how it will benefit it.

@pipsy7
if you remember the DASH EAX thread and the ccfp + tdi idea....i think maybe this can work in the same way
  • #1,857
  • Edited 11:48am Jan 1, 2018 10:32am | Edited 11:48am
To judge[or whatever] d EA , month Dec. ist a CRAP period [for obvious reasons ] = will B a diff't story on 2018 Jan.09 !
da n0o0b + $hit_Disturber
  • #1,858
  • Jan 1, 2018 10:46am Jan 1, 2018 10:46am
Quoting money123456
Happy New Year to all. Regarding khogghai comments in the previous post, I would like to add one further suggestion. I think having one set of trailing stop settings for all pairs could be improved by relating the amount of trail to the Recent Daily Range of each pair. I have seen this done on several trade management EA's In addition I saw a comment above that MrdFX was looking at filtering via a currency strength filter, I think this could also help. I was following Forexpinbar's CCFP thread for...
i have been using currency strength in trading,it is a temporary filter and it is good to use when we are trading manually or scalping. too many inidcators will be distracting and delaying the trade decision.KISS.
  • #1,859
  • Jan 1, 2018 11:46am Jan 1, 2018 11:46am
Attached Image
da n0o0b + $hit_Disturber
  • #1,860
  • Jan 1, 2018 3:12pm Jan 1, 2018 3:12pm
Help with EA Display.

Shout out to mrdx ...Awesome method and ebeckers for the EA. I have read through the entire thread and cannot get the EA to Display correctly on a blank screen with ALL options selected to NONE.

Any Help is Apprectiated.

Thank You.

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Click to Enlarge Name: expert adivsor.PNG Size: 73 KB
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