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Simple Daily Trend Reversal Trading System

  • #2,081
  • Jan 5, 2018 1:16pm Jan 5, 2018 1:16pm
Quoting Ruckstar
On a different (kinda) note, What Broker are you guys using? I would like to find one that will allow Crypto's as well as Metals, along with the Forex pairs. I reside in the US. Any and all responses are appreciated!!!
I used

  1. xm.com, very good broker but they don't have NY close charts so in the end i left them
  2. IC Markets, same here. very good broker and although they say they have NY close charts there charts are not 100%
  3. Go Markets.. my current broker. Perfect charts :-)

Als heard good stories about pepperstone. But there are so many brokers. Do your homework and find out yourself ;-)

I think most of them support bitcoin and ether nowadays, but thats about it. Don't expect verge, ripple, tron or any other alt coin
If you need those, goto crypto brokers like binance.com

Also note that almost all brokers closed trading bitcoin / ether trading during the christmas - new year period.
They did this since the risk was to high for them. Too many traders where making lots of money and brokers where losing big time
Also note bitcoin and ETH markets remain open during weekends but FX brokers are closed. So don't leave trades open during the weekends-)
If you want to know more.. follow the bitcoin thread : https://www.forexfactory.com/showthread.php?t=432733
or altcoin thread https://www.forexfactory.com/showthread.php?t=649649

  • #2,082
  • Jan 5, 2018 1:27pm Jan 5, 2018 1:27pm
Quoting ebeckers
{quote} Here you go.. Oh and if somebody wants to learn more then take a look at the following courses. I'm a lifetime-member on all of them and i've learned a lot from them. (And no i'm not getting any commissions here, sadly ;-) http://www.learntotradethemarket.com http://dailypriceaction.com http://www.theforexguy.com http://2ndskiesforex.com {file}
Thanks ebeckers. This is the very best S/R indi I have tried. I use it on H4 and D1 charts with the Medium/Low setting. It would be perfect if I could turn it off on W1 and MN charts, but for some reason the Visualization tab (where you choose the time frames you want the indi to appear), does not work... If you could add that feature, it would be greatly appreciated. Thanks again.
Observation is the path to discovery.
  • #2,083
  • Jan 5, 2018 1:41pm Jan 5, 2018 1:41pm
Quoting Alorente
{quote} Thanks ebeckers. This is the very best S/R indi I have tried. I use it on H4 and D1 charts with the Medium/Low setting. It would be perfect if I could turn it off on W1 and MN charts, but for some reason the Visualization tab (where you choose the time frames you want the indi to appear), does not work... If you could add that feature, it would be greatly appreciated. Thanks again.
thx! yeah i’ve been searching for a good one a long time and never found one. in the end i just wrote my own :-)

press following keys to:

  1. 'i' to turn on/off the H1 S&R lines
  2. 'h' to turn on/off H4 S&R lines
  3. 'd' to turn on/off daily S&R lines
  4. 'w' to turn on/off weekly S&R lines
  5. '1'-'5' to switch between minimum-maximum detail
  6. 'r' for reset back to default values

Attached File(s)
File Type: ex4 SupportResistance.ex4   39 KB | 480 downloads
  • #2,084
  • Jan 5, 2018 1:52pm Jan 5, 2018 1:52pm
Hi Ebeckers,

I noticed that the ea was still opening bigger lot sizes like 0.39 after i set the use money management to UseFixedAmount and also set the Fixed amount to 10.
I thout this will calculate the lot size based on risking £10 per trade. I'm i mixing the settings up?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
  • #2,085
  • Jan 5, 2018 2:18pm Jan 5, 2018 2:18pm
Quoting bgntrs
Hi ebeckers, I've noticed when I set MM to fixed lot size, it still opens lot size to suit the 'fixed amount' option.
Yes, I made the same experience.
  • #2,086
  • Jan 5, 2018 2:20pm Jan 5, 2018 2:20pm
Quoting khogghai
Hi Ebeckers, I noticed that the ea was still opening bigger lot sizes like 0.39 after i set the use money management to UseFixedAmount and also set the Fixed amount to 10. I thout this will calculate the lot size based on risking £10 per trade. I'm i mixing the settings up? {image}
it does. pls post the experts log so we can check
  • #2,087
  • Jan 5, 2018 2:20pm Jan 5, 2018 2:20pm
Quoting renkotop
{quote} Yes, I made the same experience.
and I think that it ignores the SMA200 trendfilter....
  • #2,088
  • Jan 5, 2018 2:40pm Jan 5, 2018 2:40pm
Quoting ebeckers
{quote} thx! yeah i’ve been searching for a good one a long time and never found one. in the end i just wrote my own :-) press following keys to: 'i' to turn on/off the H1 S&R lines '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}
The Visualization tab still does not work. I turn off the S/R levels in W1 and MN but they still show up... Thanks.
Observation is the path to discovery.
  • #2,089
  • Jan 5, 2018 2:50pm Jan 5, 2018 2:50pm
Quoting Alorente
{quote} The Visualization tab still does not work. I turn off the S/R levels in W1 and MN but they still show up... Thanks.
Yeah i know.. no idea how to fix that
  • #2,090
  • Jan 5, 2018 2:51pm Jan 5, 2018 2:51pm
Quoting ebeckers
{quote} it does. pls post the experts log so we can check
Here is a screen shot just incase the log file does not upload
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 243 KB
  • #2,091
  • Jan 5, 2018 2:52pm Jan 5, 2018 2:52pm
Quoting ebeckers
{quote} I used xm.com, very good broker but they don't have NY close charts so in the end i left them IC Markets, same here. very good broker and although they say they have NY close charts there charts are not 100% Go Markets.. my current broker. Perfect charts :-) Als heard good stories about pepperstone. But there are so many brokers. Do your homework and find out yourself ;-) I think most of them support bitcoin and ether nowadays, but thats about it. Don't expect verge, ripple, tron or any other alt coin If you need those, goto crypto brokers...

Thanxx for the reply my friend, I will do my homework, but this gives me a start. Thanxx Again!!!
  • #2,092
  • Jan 5, 2018 2:56pm Jan 5, 2018 2:56pm
Quoting khogghai
{quote} Here is a screen shot just incase the log file does not upload {image}

Log shows it uses a fixed amount of 100,- not 10 ..

Did you load an old .set file ??



PLS don't load old .set files from v1.17 (or earlier)

they DONT work anymore!!

  • #2,093
  • Jan 5, 2018 2:58pm Jan 5, 2018 2:58pm
Quoting khogghai
{quote} Here is a screen shot just incase the log file does not upload {image}
Hi Ebeckers, I'm struggling to upload the log file in *.txt format. Any ideas on how i can upload the log?

Anyways, here is another screen grab where I have higlighted the settings in red. I noticed it is using £100 instead of £10 that i specified. As you can see it is calculating lot size of 0.38
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 244 KB
  • #2,094
  • Jan 5, 2018 2:59pm Jan 5, 2018 2:59pm
Quoting ebeckers
{quote} I used xm.com, very good broker but they don't have NY close charts so in the end i left them IC Markets, same here. very good broker and although they say they have NY close charts there charts are not 100% Go Markets.. my current broker. Perfect charts :-) Als heard good stories about pepperstone. But there are so many brokers. Do your homework and find out yourself ;-) I think most of them support bitcoin and ether nowadays, but thats about it. Don't expect verge, ripple, tron or any other alt coin If you need those, goto crypto brokers...
Hi ebeckers, brother can you guide me a broker that is trust able to withdrawing money? hope you understand my meaning because my english is not so good. the problem is that the broker that i work with have bad reputation for withdrawing and i need a broker that don't scam.
thanks in advance. and also thanks for your work related to make this very good EA.
  • #2,095
  • Jan 5, 2018 2:59pm Jan 5, 2018 2:59pm
Quoting ebeckers
{quote} Log shows it uses a fixed amount of 100,- not 10 .. Did you load an old .set file ?? PLS don't load old .set files from v1.17 (or earlier) they DONT work anymore!!
Sorry i missed your reply before posting the second one.

I did not use the old *.set file.
Let me reset everything from scratch and I'll let you know if i experience the same issue.

Thanks.
  • #2,096
  • Jan 5, 2018 3:03pm Jan 5, 2018 3:03pm
Otherwise try this version.
When starting up it will log the moneymangement method it uses & the trailing stop method it uses
In your case it should log (in the experts log)
Inserted Code
SimpleDailyTrendReversal GBPUSD,H4:  Found 28 pairs
SimpleDailyTrendReversal GBPUSD,H4:  take profit at RR: 2:1
SimpleDailyTrendReversal GBPUSD,H4:  Using risk reward ratios
SimpleDailyTrendReversal GBPUSD,H4:  Using fixed amount:10.0 EUR
SimpleDailyTrendReversal GBPUSD,H4: --- Simple Daily Trend Reversal 1.18.2 ---
Attached File(s)
File Type: ex4 SimpleDailyTrendReversal.ex4   196 KB | 450 downloads
  • #2,097
  • Jan 5, 2018 3:22pm Jan 5, 2018 3:22pm
Quoting ebeckers
Otherwise try this version. When starting up it will log the moneymangement method it uses & the trailing stop method it uses In your case it should log (in the experts log) SimpleDailyTrendReversal GBPUSD,H4: Found 28 pairs SimpleDailyTrendReversal GBPUSD,H4: take profit at RR: 2:1 SimpleDailyTrendReversal GBPUSD,H4: Using risk reward ratios SimpleDailyTrendReversal GBPUSD,H4: Using fixed amount:10.0 EUR SimpleDailyTrendReversal GBPUSD,H4: --- Simple Daily Trend Reversal 1.18.2 --- {file}
Ok thanks, I will get back to you shortly.
  • #2,098
  • Jan 5, 2018 3:36pm Jan 5, 2018 3:36pm
Hi Ebeckers....Awesome!!

This works now. Thank you very much!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
  • #2,099
  • Jan 5, 2018 4:06pm Jan 5, 2018 4:06pm
@ebeckers: would you please be so Kind and fix the SMA 200 issue. It would help to improve the performance very much!
  • #2,100
  • Jan 5, 2018 4:22pm Jan 5, 2018 4:22pm
Quoting renkotop
@ebeckers: would you please be so Kind and fix the SMA 200 issue. It would help to improve the performance very much!
why do you think its not working?? post more info pls
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