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Simple Daily Trend Reversal Trading System

  • #2,181
  • Jan 9, 2018 4:00am Jan 9, 2018 4:00am
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  • #2,182
  • Jan 9, 2018 4:39am Jan 9, 2018 4:39am
Quoting renkotop
{quote} I think the SMA200 trendfilter is not working at all. I still have no opportunity to provide a screenshot, but could anybody else please check. Thanks
Personally I have not used or tested the sma 200, as I don't see or find a need for it in the strategy, but I know ebcekers did test it and it is working.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,183
  • Jan 9, 2018 5:29am Jan 9, 2018 5:29am
@mrdfx , u Not shortin e/u = potential 1.17507-1.16 - - - imho
da n0o0b + $hit_Disturber
  • #2,184
  • Jan 9, 2018 5:34am Jan 9, 2018 5:34am
The TE is recovering nicely this week, and the floating profit is looking great, it just needs to close some positions and start locking in those profits.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,185
  • Jan 9, 2018 6:05am Jan 9, 2018 6:05am
Over the last 5 trading days here's the EA performance on my end. Finpro demo. 30 pip hard stop with trailing stops. Pretty impressive. Thanks again mrdfx and eb!

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Blessed is the one who takes refuge in Him.
  • #2,186
  • Jan 9, 2018 6:12am Jan 9, 2018 6:12am
Quoting pipsy7
@mrdfx , u Not shortin e/u = potential 1.17507-1.16 - - - imho
No I am not currently on any EU trade. I was on it last Friday but I already took my profit. I as on GU as well and took my profit this morning.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,187
  • Jan 9, 2018 7:42am Jan 9, 2018 7:42am
Quoting hzs10
Shorted CADJPY H4 {image}
hit TP +50pips
  • #2,188
  • Jan 9, 2018 7:44am Jan 9, 2018 7:44am
Quoting hzs10
{quote} hit TP +50pips
are you always having a 50 pips TP?
  • #2,189
  • Jan 9, 2018 7:50am Jan 9, 2018 7:50am
Quoting alhalawi
{quote} are you always having a 50 pips TP?
haha, somehow just nice it is 50pips. bc most trades are counter trend, I will just take the profit. some is 20 or 30pips. I am now using 55ema to set my TP. u can use any of the MAs since there is no rules to set TPs. Setting TPs too far can result in -ve result which is what i obvious based on last month's result
  • #2,190
  • Jan 9, 2018 7:53am Jan 9, 2018 7:53am
Quoting ebeckers
{quote} Issue is known, working on it, will post a fix when ready, be patient ok ;-) {quote} Working fine here. EA wont open any new trades in the same direction for minsBetween2Trades so if minsBetween2Trades = 60 and it just closed a buy trade then it wont open new buy trades for the next 60 mins It will open sell trades within those 60 mins, and it will open new buy trades after those 60 mins {quote} yeah i was thinking about this also. But then its just becomes a normal trailing stop isn't it ? The whole idea about R:R is to let the trade run...
Ebeckers thanks for your efforts but I think it is drifted too far from OP's original strategy when others requesting too much options for the EA. Could u just do 1 simple EA for traders like me who just want to keep it simple and follow the original strategy. Really appreciated even though u are so busy. Now I am using the old EA while waiting for ur updates! Once again thank you!
  • #2,191
  • Jan 9, 2018 8:00am Jan 9, 2018 8:00am
Quoting ebeckers
{quote} Issue is known, working on it, will post a fix when ready, be patient ok ;-) {quote} Working fine here. EA wont open any new trades in the same direction for minsBetween2Trades so if minsBetween2Trades = 60 and it just closed a buy trade then it wont open new buy trades for the next 60 mins It will open sell trades within those 60 mins, and it will open new buy trades after those 60 mins {quote} yeah i was thinking about this also. But then its just becomes a normal trailing stop isn't it ? The whole idea about R:R is to let the trade run...
still incorrectly shows the points
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can slightly add to the EA:
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thank you for Your work
  • #2,192
  • Jan 9, 2018 8:06am Jan 9, 2018 8:06am
Quoting mrdfx
{quote} No I am not currently on any EU trade. I was on it last Friday but I already took my profit. I as on GU as well and took my profit this morning.
You set SIMPLE EA H4 2:
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I think when close....not enough buttons "close all"
  • #2,193
  • Jan 9, 2018 8:06am Jan 9, 2018 8:06am
Quoting hzs10
{quote} Ebeckers thanks for your efforts but I think it is drifted too far from OP's original strategy when others requesting too much options for the EA. Could u just do 1 simple EA for traders like me who just want to keep it simple and follow the original strategy. Really appreciated even though u are so busy. Now I am using the old EA while waiting for ur updates! Once again thank you!
Thank you, however the EA is still using the original strategy from mrdfx
Things we have been adding is all about money management, where to put SL/TP, if re-entries is allowed and things like that
Stuff that was not present in the original strategy but which you need and things which have a big influence on how profitable the EA will be
  • #2,194
  • Jan 9, 2018 8:19am Jan 9, 2018 8:19am
Quoting ebeckers
{quote} Thank you, however the EA is still using the original strategy from mrdfx Things we have been adding is all about money management, where to put SL/TP, if re-entries is allowed and things like that Stuff that was not present in the original strategy but which you need and things which have a big influence on how profitable the EA will be
okay, so the latest EA is not workable?
  • #2,195
  • Jan 9, 2018 8:21am Jan 9, 2018 8:21am
Hello all,

i have two demo on this system:
1) from the 02/01/18, using v117 and it is working rather well, will post result ant the end of the month
2) from today, using the latest version, but there is something wrong
a- does not update the profit
b- show a cpl of red msg see below together with configuration
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  • #2,196
  • Edited 8:40am Jan 9, 2018 8:26am | Edited 8:40am

==== PLEASE READ THIS CAREFULLY ====


Here's a new version which hopefully fixes the bug(s) some people experiencing with the latest version.
Install it, test it and let me know if its working ok for you (or not)
if you still have issues let me know and pls post the experts log and your settings
Attached File(s)
File Type: ex4 SimpleDailyTrendReversal.ex4   193 KB | 523 downloads
  • #2,197
  • Jan 9, 2018 8:47am Jan 9, 2018 8:47am
Quoting ebeckers
==== PLEASE READ THIS CAREFULLY ==== Here's a new version which hopefully fixes the bug(s) some people experiencing with the latest version. Install it, test it and let me know if its working ok for you (or not) if you still have issues let me know and pls post the experts log and your settings {file}
thanks for the update. will check tmw to see if there is any alert. so far after loading I got GBPJPY sell alert
  • #2,198
  • Jan 9, 2018 9:10am Jan 9, 2018 9:10am
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EURJPY trade, almost 143 pips in the green (big winner!)

Now, my settings show stoplossatZigZagarrow=true. As you can see below image, opposite zigzag has appeared, and the trade is still not closed. I am now risking to lose all these gained pips? Should this not close the trade?
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As an added comment, it does seem you have to earn a hell of a load of pips to reach the 2:1 R/R.. does not seem feasible.
  • #2,199
  • Jan 9, 2018 10:00am Jan 9, 2018 10:00am
Quoting johnsmith2nd
{image} EURJPY trade, almost 143 pips in the green (big winner!) Now, my settings show stoplossatZigZagarrow=true. As you can see below image, opposite zigzag has appeared, and the trade is still not closed. I am now risking to lose all these gained pips? Should this not close the trade? {image} As an added comment, it does seem you have to earn a hell of a load of pips to reach the 2:1 R/R.. does not seem feasible.
No it will close the trade if the complete opposite trade signal becomes valid (so mbfx and trend and ma15 and zigzag all indicate a valid buy signal)
It will not close the trade just because an opposite zigzag appears as changes are high that one is going to re-paint

Quote
it does seem you have to earn a hell of a load of pips to reach the 2:1 R/R.. does not seem feasible.
Not really.. it depends on how far the SL is set.. Already got some 2:1 trades finished..
  • #2,200
  • Jan 9, 2018 10:00am Jan 9, 2018 10:00am
Quoting ebeckers
==== PLEASE READ THIS CAREFULLY ==== Here's a new version which hopefully fixes the bug(s) some people experiencing with the latest version. Install it, test it and let me know if its working ok for you (or not) if you still have issues let me know and pls post the experts log and your settings {file}
Post #1 updated.

Please everyone update to v1.18.3 so we can all be on the same page.
Truth is like poetry. And most people f*cking hate poetry.
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