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Simple Daily Trend Reversal Trading System

  • #2,241
  • Jan 10, 2018 3:54pm Jan 10, 2018 3:54pm
Quoting FxMadness
Find the cycleidentifier indicator (bottom window). {image}
please upload it here, or post us a link where we can download it
thx!
  • #2,242
  • Jan 10, 2018 4:49pm Jan 10, 2018 4:49pm
Attached File(s)
File Type: ex4 Cycle identifier wAlert1 major.ex4   24 KB | 560 downloads
Attached File(s)
File Type: mq4 Cycle identifier wAlert1 major.mq4   15 KB | 596 downloads
  • #2,243
  • Jan 10, 2018 5:03pm Jan 10, 2018 5:03pm
Quoting MidnightRun
{file}{file}
What is the setting for this indicator
  • #2,244
  • Jan 10, 2018 5:17pm Jan 10, 2018 5:17pm
Quoting pipinfrank
{quote} What is the setting for this indicator
How do you used it.????
  • #2,245
  • Jan 10, 2018 7:47pm Jan 10, 2018 7:47pm
Hey guys,

If anyone want to test couple of months manually in one or two days nice expert script to load (able to download market in history add all indicators, put positions with stops and TPs, review the stats at the end) --> https://www.fxblue.com/appstore/39/m...ding-simulator --> you need to open free account and nothing more. Work great all instruction are there and PDF also available for more details. As all softwares will take some time to set up but great for practice just like real thing on fast forward =))))

About this Cycle indicator it's the same as ZigZag arrows, it will repaint itself, better to learn candle patterns and add them to your tool box in my opinion I'm working on that right now, and that only comes with practice. Looks like mrdfx already did a great work on indicators here (for me only added TDI and very helps for exits). I played with earlier entries and if you read all this post you will see, earlier you enter more risk you will face and that's proven. Backtest your thing in with help of FXblue simulator and all answers will be there. There is no short cuts here guys, trading is very-very hard thing and will take a lot of time to master, however I think nothing is impossible with hard work and dedication =)
  • #2,246
  • Jan 10, 2018 9:04pm Jan 10, 2018 9:04pm
Quoting hzs10
Shorted AUDCHF and CADCHF H4 {image} {image}
CADCHF hit TP: +44pips

AUDCHF hit SL: -50pips
  • #2,247
  • Jan 10, 2018 9:32pm Jan 10, 2018 9:32pm
Quoting taksistalo
Hey guys, If anyone want to test couple of months manually in one or two days nice expert script to load (able to download market in history add all indicators, put positions with stops and TPs, review the stats at the end) --> https://www.fxblue.com/appstore/39/m...ding-simulator --> you need to open free account and nothing more. Work great all instruction are there and PDF also available for more details. As all softwares will take some time to set up but great for practice just like real thing on fast forward =)))) About this Cycle...
Thanks for the pointer to FXBlue taksistalo...hope to get it running by the weekend on a couple of different strategies.
  • #2,248
  • Jan 10, 2018 9:37pm Jan 10, 2018 9:37pm
Quoting taksistalo
Hey guys, If anyone want to test couple of months manually in one or two days nice expert script to load (able to download market in history add all indicators, put positions with stops and TPs, review the stats at the end) --> https://www.fxblue.com/appstore/39/m...ding-simulator --> you need to open free account and nothing more. Work great all instruction are there and PDF also available for more details. As all softwares will take some time to set up but great for practice just like real thing on fast forward =))))
finally, manual trading simulator
thanks for share the tool, it will help me sharpening my trading intuition.
"Hope" is dangerous word in trading, trade what you see not what you hope!
  • #2,249
  • Jan 10, 2018 10:29pm Jan 10, 2018 10:29pm
Hi Hzs10,
could you tell me what are you setting EA ? and it have always run trade on H4 or D1 better ?
Thank you.
  • #2,250
  • Jan 11, 2018 12:03am Jan 11, 2018 12:03am
Longed AUDJPY H4
Attached Image
  • #2,251
  • Jan 11, 2018 12:04am Jan 11, 2018 12:04am
Quoting Mianlien
Hi Hzs10, could you tell me what are you setting EA ? and it have always run trade on H4 or D1 better ? Thank you.
I trade manually only H4. setting for EA i use default with news set as false.
  • #2,252
  • Jan 11, 2018 12:05am Jan 11, 2018 12:05am
Hey HZS10..what version are using?
  • #2,253
  • Jan 11, 2018 1:56am Jan 11, 2018 1:56am
Quoting johnsmith2nd
EURAUD, I got a buy signal, and EA took the trade. However I feel that this was potentially an invalid setup, please correct me if I'm wrong. Trade opened for BUY at 16:00:00hrs. The small red arrow indicates the bar where the trade opened. 1. MBFX is above the above (not below as per the rules) the 30% oversold zone. 2. Candle closed below the M15, (not above as per the rules) Have I missed something here? {image}
Update on EURAUD..
This was the original entry:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 12 KB


As you can see the zigzag AND MBFX has repainted. It is still showing a buy signal, but the original entry, appears to have been a 'false' signal per se. I think it would be good if we can brainstorm how to potentially mitigate the effects of these repaints. I was stopped out by this, -94 pips!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 8 KB
  • #2,254
  • Jan 11, 2018 4:50am Jan 11, 2018 4:50am
I continue to see many great opportunities lost because of the short arrow look back. In the attached charts I marked with yellow ovals several entries that were never issued by the system because of the 10 bar look back.

I am running the system with the trend filter ON and a 100 bar arrow look back and it is doing very well.

The trend filter avoids many losers while still giving me sufficient trades to work with.

The 100 bar look back also helps considerably by issuing additional winning trades.

I am opening the trades manually when new alerts are issued at close of the H4 bars.

I am exiting at 1 ATR pips from entry (Average True Range). This sets the TP in line with each pairīs volatility. ATR is the Daily range average of the last 14 days.

Examples of current ATRs: EURUSD = 76, GBPJPY = 134, AUDUSD =56.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY,H4.png Size: 56 KB
Click to Enlarge Name: EURUSD,H4.png Size: 70 KB
Observation is the path to discovery.
  • #2,255
  • Jan 11, 2018 5:18am Jan 11, 2018 5:18am
Quoting Alorente
I continue to see many great opportunities lost because of the short arrow look back. In the attached charts I marked with yellow ovals several entries that were never issued by the system because of the 10 bar look back. I am running the system with the trend filter ON and a 100 bar arrow look back and it is doing very well. The trend filter avoids many losers while still giving me sufficient trades to work with. The 100 bar look back also helps considerably by issuing additional winning trades. I am opening the trades manually when new alerts...

can you attach a template please
  • #2,256
  • Jan 11, 2018 5:27am Jan 11, 2018 5:27am
Quoting Alorente
I continue to see many great opportunities lost because of the short arrow look back. In the attached charts I marked with yellow ovals several entries that were never issued by the system because of the 10 bar look back. I am running the system with the trend filter ON and a 100 bar arrow look back and it is doing very well. The trend filter avoids many losers while still giving me sufficient trades to work with. The 100 bar look back also helps considerably by issuing additional winning trades. I am opening the trades manually when new alerts...
Hmm.. I've tried similar. SMA200 = true.
candles to look back (zigzag AND MBFX) = 50
My results were significantly poorer.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB

Attached Image


The original rules with R:R have been giving great results, and that is just since the 1st, and trading has been shoddy at best during this period.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 28 KB

Attached Image
  • #2,257
  • Jan 11, 2018 6:09am Jan 11, 2018 6:09am
Quoting johnsmith2nd
{quote} Hmm.. I've tried similar. SMA200 = true. candles to look back (zigzag AND MBFX) = 50 My results were significantly poorer. {image} {image} The original rules with R:R have been giving great results, and that is just since the 1st, and trading has been shoddy at best during this period. {image} {image}
Longer look back only on arrow. Not on MBFX which is based on Fast Stochastic and does not need a longer look back than 10.

I agree that the results are impressive for the original rules so far this month. Time will tell the story. You need 6 months of testing at least to reach definite conclusions.
Observation is the path to discovery.
  • #2,258
  • Jan 11, 2018 6:52am Jan 11, 2018 6:52am
Quoting Alorente
{quote} Longer look back only on arrow. Not on MBFX which is based on Fast Stochastic and does not need a longer look back than 10. I agree that the results are impressive for the original rules so far this month. Time will tell the story. You need 6 months of testing at least to reach definite conclusions.
Good point. I'll amend, and test with only 10 for mbfx, and increase zigzag to 100.
  • #2,259
  • Jan 11, 2018 7:11am Jan 11, 2018 7:11am
Hello,
i am learning a lot from you and from the forum, as you know i am a only 1 year trader,
my backgrond of engineering bring me to try to understand everything i read and try to implement, it is a big bug sometimes.....

I do not find many exaustive papers on how exactly ( math rules ) works MBFX and ZIG ZAG in our EA .

Can some vet of you help me to find some exaustive link?

Thanks everybody and expecialy the two great gentlemen...

sorry for my eng.

Bye paolo
  • #2,260
  • Jan 11, 2018 7:17am Jan 11, 2018 7:17am
First post on this thread
at least still survive..almost hit TP
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 27 KB
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