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Simple Daily Trend Reversal Trading System

  • #1,881
  • Jan 2, 2018 6:20am Jan 2, 2018 6:20am
Quoting ebeckers
For those using it, here's the latest version of my S&R indicator: What's new: - you can specify your own colors - indicator now supports following key shortcuts: press following keys to: 'h' to turn on/off H4 S&R lines 'd' to turn on/off daily S&R lines 'w' to turn on/off weekly S&R lines '1'-'5' to switch between minimum-maximum detail 'r' for reset back to default values {file} {image} {image}
Thanks ebeckers. Excellent indicator.

Just one question: Could you please clarify the differences in colors and thicknesses? I thought it may have to do with the importance or age of the S/R levels, but I see lines with the same age label but with different colors and/or thicknesses. Thanks.
Observation is the path to discovery.
  • #1,882
  • Jan 2, 2018 6:21am Jan 2, 2018 6:21am
Quoting bgntrs
hi guys am i correct in thinking if i set TS1 and TS1 trigger to the same value, e.g 40, this will act as a take profit of 40 pips?
If you set the TS1 and TS1 trigger to the same value then that will work as a hard TP, and the EA will close the trade on that level.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,883
  • Jan 2, 2018 6:24am Jan 2, 2018 6:24am
Quoting nihilist23uk
Ebeckers and Mrdfx, Trailing stop has an issue as well.... Today the EURCAD trade that the ea opened up (which was late) had a trailing stop locked in at 50pips and ea had shown this. I was watching trade,and it went to 48pips and trade was still open.when I checked ea,it was saying that profit lock was now at 40 pips ! I have 4hr trailing stop setup that mrdfx is using. Did anyone else get this issue ? {image}
From what I see if I'm correct you have TS3 trigger set to 50 and TS set to 40, so based on that setting when the trade reaches +50 pips it will move the trail to +40 pips, so what probably happened was that the trade hit the TS3 trigger of +50 pips, and then was closed by the TS trail of +40 pips.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,884
  • Jan 2, 2018 6:27am Jan 2, 2018 6:27am
Quoting freedom48
{quote} mrdfx, its going well, but I have an annoying situation on the set...The TS is working fine on H4, lets say the example of EURCAD. It stopped out on a fine win. But after a very short time it entered again the same long position (I know becasue the distance of the same pair enter in minutes). But the trigger signal is existing already for a long time period and a new buy is already existing on a higher risk point. Is this the way how it should be ? Wouldn't it be better that the trigger signal will blast away...I will show the pair on the...
If a trade gets closed by one of the TS levels and the signal is still valid on the dashboard then the EA will look to open a new position and reenter.

You can set the time period/gap that you want the EA to open new orders if the signal is still valid on the same pair be editing the minsBetween2PairsOnSamePair input setting.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,885
  • Jan 2, 2018 6:30am Jan 2, 2018 6:30am
Hi guys,

I know this can be little too much, however I added super channel indicator, looks like very nice indicator for the system.

It produces this channel and arrows, Nice for confirmation on the entry as well as exit, testing it as well right now. Make ZigZag arrows dark green and super channel lime green and you can see both of them even if produced at the same time, which is double confirmation =)



Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 super-signals-channel.mq4   4 KB | 464 downloads
  • #1,886
  • Jan 2, 2018 6:35am Jan 2, 2018 6:35am
Quoting mrdfx
{quote} From what I see if I'm correct you have TS3 trigger set to 50 and TS set to 40, so based on that setting when the trade reaches +50 pips it will move the trail to +40 pips, so what probably happened was that the trade hit the TS3 trigger of +50 pips, and then was closed by the TS trail of +40 pips.
Thanks for reply,Yes,but it had already hit the ts4 60 pip trigger and moved stop loss to 50pips...eaa showed the s/l in green as 50 pips
so why when trade dropped back to 50pips profit did it move trailing stop back to 40pips ?
That is what happened.

I think there is a bug somewhere...Only other thing I can think off is if the settings of ea is opened its interfering with the stop loss calculation.
I think I might of opened it to check t/p level settings but only looked,never changed anything.
Could this have glitched it ?
  • #1,887
  • Jan 2, 2018 6:38am Jan 2, 2018 6:38am
Quoting Monty13
{quote} freedom48 You could increase the mins between the 2 trade on the same pair from 30 mins to 240 or 480 mins. on the ea.
Yes actually this seems to be a solution and needs to be tested in compare. Why? Because accidently you can be out of a nice trend continuation (example you hit the SL , but starts to regain power on the same way, or the trail was very short and a very good trend arrives afterward) well this is all a question in my head for now. needs to be mastered under this setup condition.
" Accepting losses is the most important single investment devise "
  • #1,888
  • Jan 2, 2018 6:44am Jan 2, 2018 6:44am
Quoting daxiline
Hi guys, even though I only set 0.01 Lotsize, the EA makes much bigger Posis How can I prevent this ? thank you in advance{image}
You have to set the use money management to false.
  • #1,889
  • Jan 2, 2018 6:57am Jan 2, 2018 6:57am
Quoting mrdfx
Hello guys, so the festivities and overindulgence are over and its back to work. I loaded up my platforms and I got these 3 signals. Lets see how it goes on another slow week ahead. Sell - AUDJPY Buy - EURCAD Buy - GBPCAD {image}
Weird I did not get the same signals as you.. are your EA indicator settings same as mine..defaults?
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  • #1,890
  • Jan 2, 2018 7:41am Jan 2, 2018 7:41am
Quoting money123456
{quote} Weird I did not get the same signals as you.. are your EA indicator settings same as mine..defaults?{image}
Yup nothing changed on the strategy settings.

Remember depending on your broker and at what time they opened today after the holidays, the calculations on the charts could be different which would give different signals.

It happened to me, as the broker which I am using for the test opened last night the same time it usually does after a holiday, but another broker I use for a different account did not open last night and as such the charts looked different.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,891
  • Jan 2, 2018 8:08am Jan 2, 2018 8:08am
Quoting mrdfx
Hello guys, so the festivities and overindulgence are over and its back to work. I loaded up my platforms and I got these 3 signals. Lets see how it goes on another slow week ahead. Sell - AUDJPY Buy - EURCAD Buy - GBPCAD {image}
did not receive gbpcad and eurcad. U using default setting of EA right? and is ur broker closed at US session for D1?
  • #1,892
  • Jan 2, 2018 8:08am Jan 2, 2018 8:08am
longed GBPCHF H4
Attached Image
  • #1,893
  • Jan 2, 2018 8:17am Jan 2, 2018 8:17am
Quoting hzs10
{quote} did not receive gbpcad and eurcad. U using default setting of EA right? and is ur broker closed at US session for D1?
No and yes.

I have modified the TS settings from the defaults, and not using the news filter or 200 sma filter. Strategy settings still on default as it should be.

Yes my broker closes on NY session close.
Truth is like poetry. And most people f*cking hate poetry.
  • #1,894
  • Jan 2, 2018 8:44am Jan 2, 2018 8:44am
Quoting daxiline
Hi guys, even though I only set 0.01 Lotsize, the EA makes much bigger Posis How can I prevent this ? thank you in advance{image}
set usemoneymanagement=false if you want to use fixed lotsizes
  • #1,895
  • Jan 2, 2018 8:47am Jan 2, 2018 8:47am
Hi, sorry in advance for stupid question thats probably been answered before. But how do you get the EA to display as all the screen shots do with all currency pairs?
I can only seem to get it loaded on each chart in the background.
Any help much appreciated.
Thanks
D
  • #1,896
  • Jan 2, 2018 9:00am Jan 2, 2018 9:00am
EA test preset files:

I have attached a zip file with the preset files which I am using for the EA test which can be followed by the TE linked to this thread. The set files are as follows:

SIMPLE EA H4 - Set file for H4 using modified TS settings.
SIMPLE EA H4 2 - Set file for H4 using no TS setting and TP at next new opposite arrow.

SIMPLE EA D1 - Set file for D1 using modified TS settings.
SIMPLE EA D1 2 - Set file for H4 using no TS setting and TP at next new opposite arrow.

You guys can test and try my preset files and make your own adjustments to how you prefer if you want.

Please note that this is not a final preset as more than likely I will update my settings after the test is complete,d and I've complied and analyzed all the data and seen what works and what doesn't.
Attached File(s)
File Type: zip EA Test Preset Files.zip   4 KB | 557 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #1,897
  • Jan 2, 2018 9:02am Jan 2, 2018 9:02am
Quoting hzs10
longed GBPCHF H4 {image}
I am too at this
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  • #1,898
  • Jan 2, 2018 9:03am Jan 2, 2018 9:03am
on my today analyze is the only problem to fix in the setting is the re-enter on the minutes after the pair is closed. This will enchange many things. But also I am not very clear , not confident about to say it will be more profitable. In any kind of trend continuation you can be face a problem to miss nice green pips...
" Accepting losses is the most important single investment devise "
  • #1,899
  • Jan 2, 2018 9:08am Jan 2, 2018 9:08am
Quoting mrdfx
{quote} No and yes. I have modified the TS settings from the defaults, and not using the news filter or 200 sma filter. Strategy settings still on default as it should be. Yes my broker closes on NY session close.
so you ignored the news filter? set it as false?
  • #1,900
  • Jan 2, 2018 9:08am Jan 2, 2018 9:08am
Here the bad example, the re-enter wipe-out all your nice pips...Between 2 trades minutes parameter can save your life..)) maybe...I am going to make some sport before dinner, running running running. This will give a light to my little brain.
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" Accepting losses is the most important single investment devise "
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