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Simple Daily Trend Reversal Trading System

  • #2,341
  • Jan 14, 2018 1:08pm Jan 14, 2018 1:08pm
I've been doing some chart analysis over the weekend. I've noticed something a couple things I wanted to ask ebeckers or if anyone else has the answer.
I've highlighted the supposed correct factors in green, and potentially wrong factors in red, correlating with the numbers on the chart.
1. ZIGZAG Arrow BUY
2. Candle crosses above MA15
3. MBFX is above 70% (it should be BELOW the 30% according to original rules).
4. Entry for BUY is taken relatively LATE.

So two issues I can see.
1/MBFX is above 70% (it should be BELOW the 30% according to original rules).
and
2/ Entry for BUY is taken relatively LATE.

Another point is, the OPPOSITE ZigZag arrow has appeared. Maybe it would be possible to close the trade should the opposite signal appear?

Any idea why this has occurred? This appears to be the second time I've noticed this.
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  • #2,342
  • Jan 14, 2018 1:57pm Jan 14, 2018 1:57pm
Quoting shiva
{quote} See the first post of the thread - which is also very easy.
shiva zyada hoshyaar na bano,mei 1st post dekh chuki hoon,aap muje bataao kahan hai yeh indicators.Huh
  • #2,343
  • Jan 14, 2018 2:36pm Jan 14, 2018 2:36pm
Quoting johnsmith2nd
I've been doing some chart analysis over the weekend. I've noticed something a couple things I wanted to ask ebeckers or if anyone else has the answer. I've highlighted the supposed correct factors in green, and potentially wrong factors in red, correlating with the numbers on the chart. 1. ZIGZAG Arrow BUY 2. Candle crosses above MA15 3. MBFX is above 70% (it should be BELOW the 30% according to original rules). 4. Entry for BUY is taken relatively LATE. So two issues I can see. 1/MBFX is above 70% (it should be BELOW the 30% according to original...
1/MBFX is above 70% (it should be BELOW the 30% according to original rules)
If you look carefully you will see that MBFX was below 30% at point (1)
So MBFX signal was valid according to the strategy of mrdfx.
Also mrdfx clearly stated that its possible for the mbfx to be somewhere else at the time the trade is opened.

2/ Entry for BUY is taken relatively LATE.
Entry is on exact point as the strategy of mrdfx tells us
  • #2,344
  • Edited 3:00pm Jan 14, 2018 2:49pm | Edited 3:00pm
Rules to buy:

 

  1. A green Zig Zag Arrow will appear.
  2. The MBFX Timing indicator is in the oversold zone (Below the 30% level) and indicating a green uptrend.
  3. The Trend Line indicator is showing green uptrend.
  4. When the candle crosses and closes above the 15 SMA up from below, and only if the trade is still confirmed by the 3 indicators.


Should probably read.

The MBFX Timing indicator has been in the oversold zone (Below the 30% level) and indicating a green uptrend.

Just to make it clear.

I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,345
  • Jan 14, 2018 5:03pm Jan 14, 2018 5:03pm
Hello,
please help.
I try to install the EA on a VPS and I get the error: Can not call 'wininet.dll :: InternetOpenA', DLL is not allowed.
But I looked for the file on the VPS and it is present in the WinSxS folder.
Is there an absolution for this?

Thank you for your work. shared.
  • #2,346
  • Jan 14, 2018 5:08pm Jan 14, 2018 5:08pm
Quoting Encorep202
Hello, please help. I try to install the EA on a VPS and I get the error: Can not call 'wininet.dll :: InternetOpenA', DLL is not allowed. But I looked for the file on the VPS and it is present in the WinSxS folder. Is there an absolution for this? Thank you for your work. shared.
Are you using mql5 vps? DLL are not allowed
Try don't lose pants never...
  • #2,347
  • Jan 14, 2018 6:09pm Jan 14, 2018 6:09pm
Ea version v1.18.3 still taking re-entries when "Allowreentriesonsamepair" set to false

Just opened a GBPJPY with a 234 pip stop loss, ea already closed a trade 3 bars ago.

Ill try and close out manually and see if it re-opens
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  • #2,348
  • Jan 14, 2018 10:54pm Jan 14, 2018 10:54pm
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  • #2,349
  • Jan 15, 2018 1:35am Jan 15, 2018 1:35am
I added this EA but it doesn't work. Have problem with time mode ? my country GMT time is +7.
Pls help me
  • #2,350
  • Jan 15, 2018 2:26am Jan 15, 2018 2:26am
Quoting braintheboss
{quote} Are you using mql5 vps? DLL are not allowed
Hello, thanks for the reply.
I do not use vps mql5.
  • #2,351
  • Jan 15, 2018 3:35am Jan 15, 2018 3:35am
Two new signals this morning:
AUDNZD - BUY
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NZDCAD - SELL
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  • #2,352
  • Jan 15, 2018 3:38am Jan 15, 2018 3:38am
Quoting ebeckers
{quote} 1/MBFX is above 70% (it should be BELOW the 30% according to original rules) If you look carefully you will see that MBFX was below 30% at point (1) So MBFX signal was valid according to the strategy of mrdfx. Also mrdfx clearly stated that its possible for the mbfx to be somewhere else at the time the trade is opened. 2/ Entry for BUY is taken relatively LATE. Entry is on exact point as the strategy of mrdfx tells us
Appreciate the response.

In regards to the MBFX, it appears there is some room for flexibility in regards to this rule. Is there a particular reason for this? Is it not best to try and stick to this factor like glue?
If we are allowing flexibility, we may be entering on a worse condition than say it was strictly 'below 30%'. ?
I am in the process of analysing all my demo trades and will look at the losers/winners and try see where the entry/exit went wrong, this will obviously take time.
  • #2,353
  • Jan 15, 2018 6:04am Jan 15, 2018 6:04am
Quoting johnsmith2nd
{quote} Appreciate the response. In regards to the MBFX, it appears there is some room for flexibility in regards to this rule. Is there a particular reason for this? Is it not best to try and stick to this factor like glue? If we are allowing flexibility, we may be entering on a worse condition than say it was strictly 'below 30%'. ? I am in the process of analysing all my demo trades and will look at the losers/winners and try see where the entry/exit went wrong, this will obviously take time.
Don't know, i just repeat what mrdfx told me :-)
The MBFX should be valid somewhere between zigzag arrow and the time the trade was opened.
Let's ask mrdfx when he's back from vacation
  • #2,354
  • Jan 15, 2018 6:59am Jan 15, 2018 6:59am
Quoting ebeckers
{quote} Don't know, i just repeat what mrdfx told me :-) The MBFX should be valid somewhere between zigzag arrow and the time the trade was opened. Let's ask mrdfx when he's back from vacation

ebeckers.
How is the new ver 1.19 with S & R doing.

Lots thanks for your generosity.
  • #2,355
  • Jan 15, 2018 8:42am Jan 15, 2018 8:42am
Quoting T4Trade
{quote} shiva zyada hoshyaar na bano,mei 1st post dekh chuki hoon,aap muje bataao kahan hai yeh indicators.Huh
Hoshyari ki zaroorat apko hai - https://www.forexfactory.com/attachm...7&d=1515525490
  • #2,356
  • Jan 15, 2018 8:43am Jan 15, 2018 8:43am
Quoting shiva
{quote} Hoshyari ki zaroorat apko hai - https://www.forexfactory.com/attachm...7&d=1515525490
English language nahi he - to acha nahi he!
  • #2,357
  • Jan 15, 2018 4:06pm Jan 15, 2018 4:06pm
Hello guys I'm back.

I took a much deserved 1 week break and spent some time at the beach with my family.

Let me read everything and catch up, reply to you guys, update you on the final EA test results, and start up the new one.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,358
  • Jan 15, 2018 4:40pm Jan 15, 2018 4:40pm
Quoting mrdfx
Hello guys I'm back. I took a much deserved 1 week break and spent some time at the beach with my family. Let me read everything and catch up, reply to you guys, update you on the final EA test results, and start up the new one.
That is debatable.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,359
  • Jan 15, 2018 5:00pm Jan 15, 2018 5:00pm
Quoting FxMadness
{quote} That is debatable.
We can debate, but deserved? hell yes!

First holiday in over a year, it was good to get away from it all while everyone else was back at work. One of the benefits of being a forex trader I guess.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,360
  • Jan 15, 2018 5:16pm Jan 15, 2018 5:16pm
Quoting shiva
{quote} Hoshyari ki zaroorat apko hai - https://www.forexfactory.com/attachm...7&d=1515525490
shiva ji aap ko hoshyari ke saath saath computer skills ki bhi zarurat hai

im joking ,please dont mind.i tried it was not in that zip folder,I will try again.
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