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Simple Daily Trend Reversal Trading System

  • #1,921
  • Jan 2, 2018 11:27am Jan 2, 2018 11:27am
USD/JPY is forming a signal , it should be a good one since that pair is sitting on major support !
  • #1,922
  • Jan 2, 2018 11:46am Jan 2, 2018 11:46am
Quoting parsifal23
USD/JPY is forming a signal , it should be a good one since that pair is sitting on major support !
Not sure where this signal is coming from, no zigzag arrow, MA is far off..
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  • #1,923
  • Jan 2, 2018 12:00pm Jan 2, 2018 12:00pm
The EA done well today. Again.
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  • #1,924
  • Jan 2, 2018 12:02pm Jan 2, 2018 12:02pm
Quoting Monty13
The EA done well today. Again. {image}
Looking good, what settings are you running for this one?
  • #1,925
  • Jan 2, 2018 12:24pm Jan 2, 2018 12:24pm
Quoting johnsmith2nd
{quote} Looking good, what settings are you running for this one?
I'm sorry . I just can't up load my set file. I'll try again a bit latter.
  • #1,926
  • Jan 2, 2018 2:13pm Jan 2, 2018 2:13pm
Quoting johnsmith2nd
My v2 strategy which has SMA200 to true, and stoplossatzigzag=true The other setting i've changed is 'candles to look back for confirmation - zigzagcandles=50' Running since 27th December. {image}
I go into the settings of the EA and for some reason I do not see stoplossatzigzag!!! Where is that?

UPDATE: NO WORRIES FOUND IT!!! SMH
  • #1,927
  • Jan 2, 2018 5:12pm Jan 2, 2018 5:12pm
To avoid a possible losing trade after the re-enter of a winning trade on the same pair , I have adjusted the trade distance in minutes far away. Yesterday everything was fine except the EURCAD re-enter which almost wiped out my many green pips. now lets see how it will finish the new day. Wish all best trades
" Accepting losses is the most important single investment devise "
  • #1,928
  • Jan 2, 2018 5:13pm Jan 2, 2018 5:13pm
Quoting heyMickey
I can load this EA
of course. Load it from 1. page
" Accepting losses is the most important single investment devise "
  • #1,929
  • Jan 2, 2018 5:17pm Jan 2, 2018 5:17pm
Quoting Monty13
The EA done well today. Again. {image}
Monty13,
I would like to ask how you did avoid the re-enter of EURCAD...you have a different setup if you traded auto only..?
" Accepting losses is the most important single investment devise "
  • #1,930
  • Jan 2, 2018 5:41pm Jan 2, 2018 5:41pm
Quoting freedom48
{quote} Monty13, I would like to ask how you did avoid the re-enter of EURCAD...you have a different setup if you traded auto only..?
I increased the 2trade time on the same pair from 30 to 600 minutes.
  • #1,931
  • Jan 2, 2018 5:43pm Jan 2, 2018 5:43pm
Quoting freedom48
{quote} Monty13, I would like to ask how you did avoid the re-enter of EURCAD...you have a different setup if you traded auto only..?
This can be easily done modifying Time minutes between trades on the same pair ...here ...

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Cheers.
  • #1,932
  • Jan 2, 2018 10:12pm Jan 2, 2018 10:12pm
Quoting johnsmith2nd
{quote} Not sure where this signal is coming from, no zigzag arrow, MA is far off.. {image} {image}

Here is my signal : Iīve entered already part of my position, because I split it into 4 parts, thatīs part of my Money-Management. If it doesnīt get confirmed or if I loose, Iīll loose only part of the position

NOW I can see where the confusion is coming from : THIS SIGNAL is only shown on my account with GMT-Close but NOT on the other one with NY-Close !
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  • #1,933
  • Jan 3, 2018 12:01am Jan 3, 2018 12:01am
Happy new year everyone
  • #1,934
  • Jan 3, 2018 12:26am Jan 3, 2018 12:26am
Quoting mrdfx
Hello everyone I'd like to welcome you to my thread. I want to share with you a great strategy that I have been trading for almost 1 year. I have had good success with this strategy, and providing you follow all the trade rules of the strategy you can achieve close to 70-80% success. This strategy is based off of trading trend reversals. It requires you to be very patient and calm as confirmed set ups are few, but when there is a confirmed set up it will be very profitable most of the time. 3 main indicators and an SMA are used...

Im gonna put $200 into a real ECN account, attach trade explorer on Forex Factory and start a thread $200 to 100K in one month.
I DARE You everybody here to join.
  • #1,935
  • Jan 3, 2018 12:42am Jan 3, 2018 12:42am
Quoting Waiter
{quote} Im gonna put $200 into a real ECN account, attach trade explorer on Forex Factory and start a thread $200 to 100K in one month. I DARE You everybody here to join.
Hello Waiter, please pardon my ignorance, how does trade explorer works
  • #1,936
  • Jan 3, 2018 1:00am Jan 3, 2018 1:00am
Hello Guys,
I come to you again because i still didn't solve my problem.
The Ea doesn't update. There are no error in the logs and all dll imports are checked.

Please help.

Tx

S
  • #1,937
  • Jan 3, 2018 1:39am Jan 3, 2018 1:39am
Quoting hzs10
longed GBPCHF H4 {image}
exited with +42pips
  • #1,938
  • Jan 3, 2018 3:58am Jan 3, 2018 3:58am
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...
Excellent idea!
I'm currently busy adding a bunch of stuff to the EA for money management

Use Fixed amount of $ per trade
When its done you can tell the EA that you want to risk (for example) a max of $100,- per trade
For each order the EA will then calculate the lotsize based on the rate between the pair and account currency and the SL needed for the trade
So if the trade needs a bigger SL then it will use a smaller lotsize, and if the trade needs a larger SL then the EA will use a bigger lotsize
Meaning .. regardless of SL needed, it will always takes a max. risk of $100,-

Take profit when Risk reward ratio has been reached
Besides this i've added another trailing stop method where you can say that you want the EA to take profit when a risk reward ratio of 2:1 (or 3:1, 4:1, ...) has been reached

Don't trade when spread is too high
You can tell the EA to not open/close orders when the spread is becoming too high
(example friday night 30 minutes before market closes the spread can go from 1-2 pips to 30-80 pips)

Maximum nr of open trades
And you can tell the EA how much orders it is allowed to open simultanously on all pairs

I hope to have this version ready somewhere this week
  • #1,939
  • Jan 3, 2018 3:59am Jan 3, 2018 3:59am
Can someone please confirm me that only EG is signaling in the moment?
I want to be sure that everything is function correct updated on H4.
Thanks
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" Accepting losses is the most important single investment devise "
  • #1,940
  • Jan 3, 2018 4:03am Jan 3, 2018 4:03am
Sorry, my previous post is invalid now. I got just now a new candle on H4 and have new trades..
So the update is correct.... I have noticed that signals only happen on correct new candle on the very first second.
Please correct me, maybe I am wrong with this , not sure.
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" Accepting losses is the most important single investment devise "
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