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Simple Daily Trend Reversal Trading System

  • #2,381
  • Jan 16, 2018 6:47am Jan 16, 2018 6:47am
What are you setting profit targets at ? 50 pips?
  • #2,382
  • Jan 16, 2018 6:52am Jan 16, 2018 6:52am
Quoting FxMadness
{quote} eurcad and eurchf are currently halted by MA 200 for me. Now i am curious.
I am not using the sma 200 as looking back at previous trades, it would have prevented many good winners as well as some losers, so overall it didn't really have an edge in giving better results. I'm still interested to see how it goes for those who do choose to use it, and I'll watch, but for now I'll leave it off.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,383
  • Jan 16, 2018 7:08am Jan 16, 2018 7:08am
Quoting hzs10
shorted EURCHF, EURCAD, and AUDCAD H4 {image} {image} {image}

are you using 50 pips as profit tgts on your trades?
  • #2,384
  • Jan 16, 2018 7:30am Jan 16, 2018 7:30am
Quoting mrdfx
{quote} I am not using the sma 200 as looking back at previous trades, it would have prevented many good winners as well as some losers, so overall it didn't really have an edge in giving better results. I'm still interested to see how it goes for those who do choose to use it, and I'll watch, but for now I'll leave it off.
Also not using FXM_Diff3 Strength anymore ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,385
  • Jan 16, 2018 7:41am Jan 16, 2018 7:41am
Quoting FxMadness
{quote} Also not using FXM_Diff3 Strength anymore ?
I am still testing manually cross checking with FXM. When a new signal is on or not on the list I open the trade manually and keep track to see if it was a successful trade or not.

So far its been 50/50 with some trades that were not on the FXM list being winners, and some trades that were not on the list being winners. I am still checking to see if it is filtering out the losers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-01-16 at 13.38.24.png Size: 77 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #2,386
  • Jan 16, 2018 8:34am Jan 16, 2018 8:34am
Quoting jfxhub
{quote} Great move. Welcome back. the EA with the S&R filter has not been posted here, is it possible to attach it so we could test it too. thanks
I am running a pre-release version, I'm sure ebeckers will post the updated version soon.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,387
  • Jan 16, 2018 8:45am Jan 16, 2018 8:45am
Quoting mrdfx
{quote} I am running a pre-release version, I'm sure ebeckers will post the updated version soon.
Do You mind share setfiles for Your new testing?

Best wishes
  • #2,388
  • Jan 16, 2018 9:03am Jan 16, 2018 9:03am
hzs10
can you share your results of testing? Thanks
  • #2,389
  • Jan 16, 2018 10:52am Jan 16, 2018 10:52am
Quoting mrdfx
Welcome everyone to the next EA test! We are taking things up a notch with the experience and things learned from the first test. I have now done away with the D1 charts, and will only be testing on H4. I have also done away with having the TP at next opposite arrow, that just didn't work out like I thought it would. I will be running 4 X H4 charts to test different settings, and to see what works better overall. Hopefully after this new 1 month test we will have a better idea of whats better at securing more profits, and can get...
That probably won't be a long running test trading full lots.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,390
  • Jan 16, 2018 1:15pm Jan 16, 2018 1:15pm
Quoting mrdfx
Welcome everyone to the next EA test! We are taking things up a notch with the experience and things learned from the first test. I have now done away with the D1 charts, and will only be testing on H4. I have also done away with having the TP at next opposite arrow, that just didn't work out like I thought it would. I will be running 4 X H4 charts to test different settings, and to see what works better overall. Hopefully after this new 1 month test we will have a better idea of whats better at securing more profits, and can get...
Guys slight adjustments have been made to the lot size used for the fixed lot size charts. I think I went a bit high to start and the first signal took a knock. I have reduced to 0.5 lot.

This shouldn't affect the final results to much I hope as there's still a whole month to go.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,391
  • Jan 16, 2018 7:02pm Jan 16, 2018 7:02pm
Quoting hzs10
shorted EURCHF, EURCAD, and AUDCAD H4 {image} {image} {image}
AUDCAD hit SL: -33pips
  • #2,392
  • Jan 16, 2018 7:08pm Jan 16, 2018 7:08pm
CADCHF hit SL: -44pips, overall this month still positive with +198pips. 1 more week to go, things can change. Let's see
  • #2,393
  • Jan 17, 2018 2:33am Jan 17, 2018 2:33am
The TE is off to a bad start this week, the first 3 trades all hit SL and with my error of lot sizing, that took out a big chunk of the balance.

Lets hope things turn around as they did on the previous test.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,394
  • Jan 17, 2018 4:12am Jan 17, 2018 4:12am
Quoting pipsy7
@mrdfx with ur permission , i thought to share this with good intentions , if Not tell me & i'll erase this post 4sure ! {image}
What is the purpose of sharing this post? I'm trying to see how it is related?

I know hanover and he is a very talented and respected long time member here.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,395
  • Jan 17, 2018 4:23am Jan 17, 2018 4:23am
Quoting mrdfx
{quote} What is the purpose of sharing this post? I'm trying to see how it is related? I know hanover and he is a very talented and respected long time member here.
Ehhh, don't give up hope but let someone else do the trading for you ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,396
  • Edited 6:09am Jan 17, 2018 5:46am | Edited 6:09am
Quoting mrdfx
Welcome everyone to the next EA test! We are taking things up a notch with the experience and things learned from the first test. I have now done away with the D1 charts, and will only be testing on H4. I have also done away with having the TP at next opposite arrow, that just didn't work out like I thought it would. I will be running 4 X H4 charts to test different settings, and to see what works better overall. Hopefully after this new 1 month test we will have a better idea of whats better at securing more profits, and can get...
Guys I have decided to remove this TE and replace with a new one starting today.

Reasons being that I wanted to do a "real world" test, and use a realistic starting balance and lots size etc, and also cos I made an error with the initial lot sizing, and it screwed up initial results and would have not given an accurate final reading.

Hopefully with this new test we will monitor the performance more accurately in a realistic environment.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,397
  • Jan 17, 2018 7:02am Jan 17, 2018 7:02am
Oy Vay!! This is a great example of why NOT to trade just before or after the news!! Canadian rate hike has it fluctuating quite a bit.
  • #2,398
  • Edited 10:38am Jan 17, 2018 10:16am | Edited 10:38am

=== v 1.19 ===


- Includes the S&R filter which you can turn on/off
- When turned on (UseSupportResistanceFilter ) the EA will only open trades where the zigzag appears in close distance from a S&R line
- When turned on the EA shows an extra S&R column indicating if zigzag is appear at a S&R level
- you can specify the max. allowed distance (in pips) between the SR level and the zigzag arrow with MaxPipsFromSR (default = 30 pips)


Note:
I've also uploaded the separate S&R indicator.
this indicator is NOT needed by the EA. The EA has the S&R indicator internal
But the separator S&R indicator can be used if you want to view/ verify the S&R levels
Simply attach it to a chart and make sure both separate S&R indicator and EA use the same settings..
Attached File(s)
File Type: ex4 SupportResistance.ex4   44 KB | 900 downloads
File Type: ex4 SimpleDailyTrendReversal_119.ex4   213 KB | 817 downloads
  • #2,399
  • Jan 17, 2018 10:21am Jan 17, 2018 10:21am
the trades close prematurely ,i kept on trailing but it seems that it doesnt trail and closes on TS1.Any suggestions please?
  • #2,400
  • Jan 17, 2018 10:32am Jan 17, 2018 10:32am
[quote=ebeckers;10682602]=== v 1.19 === -

The EA indicates 1.18.4, but this "really" is 1.19, right?
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