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Simple Daily Trend Reversal Trading System

  • #2,421
  • Edited 7:40am Jan 19, 2018 6:53am | Edited 7:40am
Quoting renkotop
{quote} @FXMadness: would you please let me know how I can create this trade Report? Thanks, renkotop
Here it is. I got it a while back from the CCFp thread.
Attached File(s)
File Type: zip Trade Report.zip   98 KB | 526 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #2,422
  • Jan 19, 2018 7:05am Jan 19, 2018 7:05am
Quoting mrdfx
{quote} FxMadness can you tell me why you are using your particular settings? I mean by changing the zigzag from 60 to 100, using the 200 MA, and not using the S&R filter? And I've taken the GBPCHF trade on a separate account just to see what it does. I'm not expecting a good result as it was not on the FXM list and it did not pass the S&R filter.
I also took gbpchf. I still stick to ur original setting
  • #2,423
  • Jan 19, 2018 7:12am Jan 19, 2018 7:12am
Quoting mrdfx
{quote} Here it is. I got a it while back from the CCFp thread. {file}
@mrdfx: Thank you!
  • #2,424
  • Jan 19, 2018 8:07am Jan 19, 2018 8:07am
nzdcad just gave a sell signal but there is no volume/action/clear direction.
Just a case where you could end up with a lingering trade for days.
Attached Image

If i was still trading on auto i would just have stopped this trade.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,425
  • Jan 19, 2018 8:39am Jan 19, 2018 8:39am
EA did Not take that n/cad sell ! - - - YET

tempted to go .07/pip next wk
Attached Image (click to enlarge)
Click to Enlarge Name: 12.png Size: 123 KB
da n0o0b + $hit_Disturber
  • #2,426
  • Jan 19, 2018 8:43am Jan 19, 2018 8:43am
Erebus V/G to see you here m8
da n0o0b + $hit_Disturber
  • #2,427
  • Jan 19, 2018 9:09am Jan 19, 2018 9:09am
hmmm , fwiw =

Stocks rise despite looming US government closure
HONG KONG (AP) — Stock markets rose Friday as investors looked past the threat of a U.S. federal government shutdown and focused on a strong underlying economy. The price of oil fell on a report saying U.S. production is set to rise further above 50-year highs.
da n0o0b + $hit_Disturber
  • #2,428
  • Jan 19, 2018 9:26am Jan 19, 2018 9:26am
Quoting mrdfx
{quote} FxMadness can you tell me why you are using your particular settings? I mean by changing the zigzag from 60 to 100, using the 200 MA, and not using the S&R filter? And I've taken the GBPCHF trade on a separate account just to see what it does. I'm not expecting a good result as it was not on the FXM list and it did not pass the S&R filter.
I'll get back on that later.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,429
  • Jan 19, 2018 11:35am Jan 19, 2018 11:35am
[quote=ebeckers;10682693]
Quoting lctrader11
{quote} yeah sorry, uploaded new one with correct version nr

Hello ebeckers,

I got an idea I believe may be good to code an EA.

Let me know and I can send it.

Thanks
  • #2,430
  • Edited 11:54am Jan 19, 2018 11:40am | Edited 11:54am
Hello this is my result today using this system. I trade manual from my smartphone. The alert send the signal to myphone with push notification. When receive the signal, I make open position immediatly.
I use M15, M30, H1, and H4.
M15 TP 10 SL 15
M30 TP 15 SL 20
H1 TP 20 SL 25
H4 TP 25 SL 30
Today I get 80 pip from 19 open position. It's enough for me.
Now I want to try auto trade with Take Profit and StopLoss rule like my manual trade. Can you explain how to set the EA?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2018-01-19-23-28-28.png Size: 86 KB
  • #2,431
  • Jan 19, 2018 11:57am Jan 19, 2018 11:57am

=== How to use a fixed SL/TP level with the EA===


This question pops up now and then, so let me explain it once and hopefully for all.
If you want a fixed SL/TP then :

1) stopLossAtZigZagArrow = false
2) OrderHiddenSL = your stoploss in pips
3) TrailingMethod = UseTrailingStops
4) OrderTS1 - OrderTS4 = your take profit in pips
5) OrderTS1Trigger - OrderTS4Trigger = your take profit in pips
  • #2,432
  • Jan 19, 2018 1:58pm Jan 19, 2018 1:58pm
Drop S&R, way to optical (chart/user view orientated) and complicated.
Incorporate strength & volume.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,433
  • Jan 19, 2018 5:12pm Jan 19, 2018 5:12pm
Quoting ebeckers
=== How to use a fixed SL/TP level with the EA=== This question pops up now and then, so let me explain it once and hopefully for all. If you want a fixed SL/TP then : 1) stopLossAtZigZagArrow = false 2) OrderHiddenSL = your stoploss in pips 3) TrailingMethod = UseTrailingStops 4) OrderTS1 - OrderTS4 = your take profit in pips 5) OrderTS1Trigger - OrderTS4Trigger = your take profit in pips
Thanks ebeckers. Yesterday I use 2 computer to test this system, one computer just for sending signal to my phone and the other computer I use for full auto trade. But the signal that send to my phone sometimes different with the EA openposition auto trade, whereas I just changed AllowTrading condition for autotrade and SendAlert true for manual and the another is default.
  • #2,434
  • Jan 19, 2018 7:54pm Jan 19, 2018 7:54pm
Quoting luaciego
Will this also work on the daily ??
No, never happen. move along, nothing to see here

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-01-20_11-51-47.png Size: 39 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,435
  • Jan 20, 2018 12:07am Jan 20, 2018 12:07am
Quoting Erebus
{quote} No, never happen. move along, nothing to see here
Okay, read the thread complete, better than any movie

decrease the Zig Zag to 20 shows extra opportunity at # 1

added the 200 SMA which shows even greater opportunity at # 2

thanks to everyone for the great generosity by sharing the knowledge

PS, forgot the divergence on the chart

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-01-20_16-01-52.png Size: 55 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,436
  • Jan 20, 2018 12:39am Jan 20, 2018 12:39am
In regards to the last 2 charts, this is the indicator that controls the color of the candles

It says EMA but close enough

And I just worked out that I can use 2 or more on the same chart

So the Daily can be set to 200, while the 4 Hour can use the original 15 settings

Good luck
Attached File(s)
File Type: zip MA Bar Colors.zip   15 KB | 568 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #2,437
  • Edited 7:58am Jan 20, 2018 7:38am | Edited 7:58am
Quoting pipsy7
EA did Not take that n/cad sell ! - - - YET- - - tempted to go .07/pip next wk {image}
-------7

there , EA still did NOT take n/cad sell = same Smart as fxMadness [no pun Intended]
da n0o0b + $hit_Disturber
  • #2,438
  • Jan 20, 2018 8:09am Jan 20, 2018 8:09am
Erebus , thanks for Sharin + ur time !
da n0o0b + $hit_Disturber
  • #2,439
  • Jan 20, 2018 9:15am Jan 20, 2018 9:15am
Quoting Erebus
{quote} Okay, read the thread complete, better than any movie decrease the Zig Zag to 20 shows extra opportunity at # 1 added the 200 SMA which shows even greater opportunity at # 2 thanks to everyone for the great generosity by sharing the knowledge PS, forgot the divergence on the chart {image}
im using zigzag on setting 10 instead of 60 and im happy,if we want more profits ,we can set it on 20 as Erebus mentioned.EA exit strategy is on opposite zigzag arrow so the setting is very important.
  • #2,440
  • Jan 20, 2018 3:28pm Jan 20, 2018 3:28pm
Quoting pipsy7
Erebus , thanks for Sharin + ur time !
Thanks buddy, no problem, do I know you? Sure you are American, you're much too nice

I was making a plain chart to use for placing the trades with, but I like it so much, I may use it as the main chart

And because you are so nice, here it is -----------> easy as 1 - 2 - 3

A textbook, perfect example of 4 Hour trade MBFX would be proud of, 2 to 1 risk / reward available

Enjoy

Attached Image (click to enlarge)
Click to Enlarge Name: 2018-01-21_7-18-40.png Size: 96 KB
It takes a lot for me to IGNORE you, but you can try.
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