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Simple Daily Trend Reversal Trading System

  • #2,001
  • Jan 4, 2018 4:06am Jan 4, 2018 4:06am
Quoting ebeckers
Version 1.18 New: - 'new' GUI - added MaxSpreadInPips. The EA won't open/close trades for a pair if the spread on that pair is greater then MaxSpreadInPips - added MaxOpenTrades. The EA won't open more then MaxOpenTrades at any times (this is for all pairs combined) - added AllowReEntries. Specifies if the EA is allowed to take re-entries after minsBetween2Trades or not - added Moneymanagement method Fixed Amount where the EA will risk a max amount of $ per trade - MoneyManagement When using FixedAmount or RiskPercentageOfAccount the money management...
@ebeckers: perfect Job!
  • #2,002
  • Jan 4, 2018 4:39am Jan 4, 2018 4:39am
Quoting ebeckers
{quote} Thx, pls let me know is the 'AllowReEntries' is working ok for you
Testing it out now, So far so good.Its not the perfect solution but sure was a quick one It will save a lot of pips im sure. Lets see how it goes.
  • #2,003
  • Jan 4, 2018 5:10am Jan 4, 2018 5:10am
WOw... I am so surprised of how fast is ebeckers to make nice improvements in short time. Very friendly, I appreciate so much. The last version can change the performance dramatically as the re-enter option and some other paramaters will have impact on trades. So lets the tests starting.... By the way v117 today is performing sadly in minus, so I will try to eliminate the mistaken trades as much as possible with the new version.

Thank you
" Accepting losses is the most important single investment devise "
  • #2,004
  • Jan 4, 2018 5:45am Jan 4, 2018 5:45am
Quoting ebeckers
{quote} Thx i think the best thing would be to add a 'AllowReEntries' setting When enabled the EA won't take buy orders after buy orders, or sell orders after sell orders within the time specified with minsBetween2Trades so buy->sell->buy->sell signals will be taken and buy->buy signals then the 2nd buy won't be taken unless the 2nd buy is after minsBetween2Trades Does that sound good ?
This is what I tried to say Edwin, sounds perfect to me as the moneymanangement and exit improvement does. Keep up the great work. Thanks.
  • #2,005
  • Jan 4, 2018 5:48am Jan 4, 2018 5:48am
2018 is not starting well so far
  • #2,006
  • Jan 4, 2018 6:12am Jan 4, 2018 6:12am
Quoting ebeckers
Version 1.18 New: - 'new' GUI - added MaxSpreadInPips. The EA won't open/close trades for a pair if the spread on that pair is greater then MaxSpreadInPips - added MaxOpenTrades. The EA won't open more then MaxOpenTrades at any times (this is for all pairs combined) - added AllowReEntries. Specifies if the EA is allowed to take re-entries after minsBetween2Trades or not - added Moneymanagement method Fixed Amount where the EA will risk a max amount of $ per trade - MoneyManagement When using FixedAmount or RiskPercentageOfAccount the money management...
Awesome work once again ebeckers!

Another leap forward in the right direction. These new MM features opens up many more ways of trading this strategy and minimizing the risk.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,007
  • Jan 4, 2018 6:15am Jan 4, 2018 6:15am
For those doing multiple tests do you have separate copies of MT4 open for each or just a new window?I have 3 copies running I think its the only way.
  • #2,008
  • Jan 4, 2018 6:34am Jan 4, 2018 6:34am
I see in the trade explorer has taken a massive hit today ... all the profits wiped out
I only have a few days on my H4 test system but have same problem. Currently in drawdown.
How are others doing, does anyone have a setup that has survived this?
Always read Post #1
  • #2,009
  • Jan 4, 2018 6:35am Jan 4, 2018 6:35am
Unfortunately, it looks the same with me, all in minus
  • #2,010
  • Jan 4, 2018 6:41am Jan 4, 2018 6:41am
On request mrdfx.zip

Indicator mrdfx_Diff3 is almost the same as FXM_Diff3.
Class MRDFX

You have to load the indicator mrdfx_Diff3 on a separate chart first to change the settings to your liking.
Then save those settings with the filename mrdfx_Diff3.set very important because these settings are loaded during startup.
Remove the indicator and close the chart.

Rest is up to Erwin.
Attached File(s)
File Type: zip mrdfx.zip   281 KB | 526 downloads
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,011
  • Jan 4, 2018 6:52am Jan 4, 2018 6:52am
Quoting jagzuk
I see in the trade explorer has taken a massive hit today ... all the profits wiped out I only have a few days on my H4 test system but have same problem. Currently in drawdown. How are others doing, does anyone have a setup that has survived this?
yeah i think the time between christmas and 8 jan isnt a good time to be trading. lets hope it picks up next week when the holidays are over
  • #2,012
  • Jan 4, 2018 7:10am Jan 4, 2018 7:10am
Quoting FxMadness
On request mrdfx.zip Indicator mrdfx_Diff3 is almost the same as FXM_Diff3. Class MRDFX You have to load the indicator mrdfx_Diff3 on a separate chart first to change the settings to your liking. Then save those settings with the filename mrdfx_Diff3.set very important because these settings are loaded during startup. Remove the indicator and close the chart. Rest is up to Erwin. {file}
Many thanks FxMadness!

This should be a really good addition to the EA.

I am still testing with adding currency strength but initial testing with FXM-diff has been good.

Thank you!
Truth is like poetry. And most people f*cking hate poetry.
  • #2,013
  • Jan 4, 2018 7:12am Jan 4, 2018 7:12am
Quoting FxMadness
On request mrdfx.zip Indicator mrdfx_Diff3 is almost the same as FXM_Diff3. Class MRDFX You have to load the indicator mrdfx_Diff3 on a separate chart first to change the settings to your liking. Then save those settings with the filename mrdfx_Diff3.set very important because these settings are loaded during startup. Remove the indicator and close the chart. Rest is up to Erwin. {file}
Thanks buddy !! guess i got some more work todo now :-)
  • #2,014
  • Jan 4, 2018 7:28am Jan 4, 2018 7:28am
Quoting ebeckers
{quote} yeah i think the time between christmas and 8 jan isnt a good time to be trading. lets hope it picks up next week when the holidays are over
I agree that Dec-Jan (as with Jun-Jul-Aug) is tricky time to test (or even use) a trend system. I think this one needs some long term testing before it goes on a live account. Thank you for your great work and all the effort!

PS. Hope is a terrible trading strategy!
Always read Post #1
  • #2,015
  • Jan 4, 2018 7:49am Jan 4, 2018 7:49am
Yes indeed today the TE has taken a knock. Well I did say in the beginning when starting the TE that it will be an interesting test based on the time period. If the EA can prove to be profitable during this time of year then there is a good chance of success in normal market conditions.

FYI after this test is complete I will be adding a live TE and doing a new test using the info and data I collected from the current test TE. There have a also been some interesting new updates and additions to the EA which I will more than likely include into the new TE.

I'm getting a good idea now to see what works and what doesn't and I have some new ideas to try in the next test.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,016
  • Jan 4, 2018 8:06am Jan 4, 2018 8:06am
eurjpy hit sl -58pips
  • #2,017
  • Jan 4, 2018 8:41am Jan 4, 2018 8:41am
Trading manually Jan. 1-3, 120 pips profitable. In this market I'm taking a very conservative TP at 30 pips and SL at 25 pips. I'm not currently in any positions, waiting for better entries. I trade starting about 6 AM Mountain Time and usually close all trades around 2:50 PM (but not always). Not currently in any positions as waiting for more convincing signals. I love this system. Thank you, again, mrdfx and ebeckers. This is a WINNER!
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  • #2,018
  • Jan 4, 2018 8:45am Jan 4, 2018 8:45am
Quoting dhhtrader
Trading manually Jan. 1-3, 120 pips profitable. In this market I'm taking a very conservative TP at 30 pips and SL at 25 pips. I'm not currently in any positions, waiting for better entries. I trade starting about 6 AM Mountain Time and usually close all trades around 2:50 PM (but not always). Not currently in any positions as waiting for more convincing signals. I love this system. Thank you, again, mrdfx and ebeckers. This is a WINNER! {image}
What timeframe do you trade? Thanks.
  • #2,019
  • Jan 4, 2018 8:51am Jan 4, 2018 8:51am
Quoting dhhtrader
Trading manually Jan. 1-3, 120 pips profitable. In this market I'm taking a very conservative TP at 30 pips and SL at 25 pips. I'm not currently in any positions, waiting for better entries. I trade starting about 6 AM Mountain Time and usually close all trades around 2:50 PM (but not always). Not currently in any positions as waiting for more convincing signals. I love this system. Thank you, again, mrdfx and ebeckers. This is a WINNER! {image}
Excellent work !
What timeframe are you trading and could you share your thoughts on how you check if a signal is good enough for trading, and when its not ?
That might help a lot of us manual trades, and perhaps we could modify the EA also if possible
  • #2,020
  • Jan 4, 2018 8:56am Jan 4, 2018 8:56am
Quoting dhhtrader
Trading manually Jan. 1-3, 120 pips profitable. In this market I'm taking a very conservative TP at 30 pips and SL at 25 pips. I'm not currently in any positions, waiting for better entries. I trade starting about 6 AM Mountain Time and usually close all trades around 2:50 PM (but not always). Not currently in any positions as waiting for more convincing signals. I love this system. Thank you, again, mrdfx and ebeckers. This is a WINNER! {image}
nice. I think it more profitable this way. If i closed all trades ytd then i will be earning 100+pips too. shall try also
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