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Simple Daily Trend Reversal Trading System

  • #2,461
  • Jan 22, 2018 4:34am Jan 22, 2018 4:34am
[quote=azizmuin;10695132]{quote} Still not closed even over 15 pips profit. {image}
you cant use a 1:1 risk reward and set a t/p change it to fixed lots.
  • #2,462
  • Jan 22, 2018 4:54am Jan 22, 2018 4:54am
[quote=nihilist23uk;10695232]
Quoting azizmuin
{quote} Still not closed even over 15 pips profit. {image} you cant use a 1:1 risk reward and set a t/p change it to fixed lots.
The RR setting is not relevant when using Trailing Stops.

I get the same result as azizmuin (testing on M15 using the same hard SL/TP as he posted) and the two trades did not close although SL was modified. I was not awake when they should have closed, possibly due to a fast moving price or gap?
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  • #2,463
  • Jan 22, 2018 5:18am Jan 22, 2018 5:18am
Still running. Set fixed SL/TP with trailingstop not working. Hoping new update for fixed SL/TP option.
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  • #2,464
  • Jan 22, 2018 5:28am Jan 22, 2018 5:28am
Quoting azizmuin
Still running. Set fixed SL/TP with trailingstop not working. Hoping new update for fixed SL/TP option. {image}
Oh its working.. it will close the trade when price gets at or below your TP
  • #2,465
  • Jan 22, 2018 5:46am Jan 22, 2018 5:46am
Still running. Set fixed SL/TP with trailingstop not working. Hoping new update for fixed SL/TP option.
  • #2,466
  • Jan 22, 2018 6:02am Jan 22, 2018 6:02am
Quoting Erebus
{quote} I've got 7 which I found from first apply one of the templates; is there a debate on which is better to use, I may have missed it? And one thing I do find annoying is when a new strategy is posted, the OP should supply all settings in written form Sure, they give templates, but sometimes they cannot be accurate, then someone else says, use this one, can we trust it? For instance, has the setting for the Trend Line (Slope) been confirmed as 10 / 2.0 / 3 / 0 ??? I don't recall anyone even asking about that; here is what I have Thanks guys,...
The Trend Line indicator is using 10 / 3.0 / 3 / 0 setting. What was pointed out early on was that in my settings of the Trend Line indicator there was no filter number option, but some of you did have that option in the settings. In the EA it was modified to 3.0, and the templates were updated accordingly.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,467
  • Jan 22, 2018 6:53am Jan 22, 2018 6:53am
sell = buy and buy = sell ??
Attached Image
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,468
  • Jan 22, 2018 9:14am Jan 22, 2018 9:14am
Quoting FxMadness
sell = buy and buy = sell ?? {image}
What are you saying ?
  • #2,469
  • Jan 22, 2018 9:34am Jan 22, 2018 9:34am
Looks like last weeks trades are crashing and burning today. Reversals of the reversals lol.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,470
  • Edited 10:15am Jan 22, 2018 9:57am | Edited 10:15am
Quoting nihilist23uk
{quote} What are you saying ?
Was looking at mrdfx's TE and he is probably thinking that he wished he did that.
So that was a flipped image of the TE.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,471
  • Jan 22, 2018 10:09am Jan 22, 2018 10:09am
Quoting FxMadness
{quote} Was looking at mrdfx's TE and he is probably thinking that he wished he did that.
I see ! yeah,my account history is looking like that at the moment..
  • #2,472
  • Jan 22, 2018 11:53am Jan 22, 2018 11:53am
Optimistic arrow.
I have seen him jumping from bar to bar pointing down like he is trying to get the price in that direction.
Doesn't work of course.
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I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,473
  • Jan 22, 2018 12:20pm Jan 22, 2018 12:20pm
Quoting FxMadness
Optimistic arrow. I have seen him jumping from bar to bar pointing down like he is trying to get the price in that direction. Doesn't work of course. {image}
Price @ weekly fib pivot r100. He may be right soon enough. ;-)
Blessed is the one who takes refuge in Him.
  • #2,474
  • Jan 22, 2018 1:17pm Jan 22, 2018 1:17pm
Quoting reo4ua
{quote} Price @ weekly fib pivot r100. He may be right soon enough. ;-)
Hope so, it is a forgot-to-close 3 times hedge for me which is about to kill all profits.
That's manual trading for you.

Doesn't look good, long way to go.
Attached Image
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,475
  • Jan 22, 2018 2:08pm Jan 22, 2018 2:08pm
Quoting FxMadness
Optimistic arrow. I have seen him jumping from bar to bar pointing down like he is trying to get the price in that direction. Doesn't work of course. {image}
What I find does work, completely ignore that damn arrow until it proves itself. Totally means nothing until price moves down in this case

I have 2 templates. 1 Buy and 1 Sell - just to remind myself which direction I should be trading.

Also, updated the Trend Line (Slope) to Filter 3.0 thanks to mrdfx

Plus I lowered the Zig Zag Arrow to 10 to better pick the 4 Hour swing points, again the price action dictates and over rules anything you might "think"

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It takes a lot for me to IGNORE you, but you can try.
  • #2,476
  • Edited 2:43pm Jan 22, 2018 2:26pm | Edited 2:43pm
Quoting azizmuin
{quote} Still not closed even over 15 pips profit. {image}
same here,my trades didnt close even after 50 pips of profit.what is the reason?

yesterdays signals ditched me ,3 out of 4 were incorrect.
  • #2,477
  • Jan 22, 2018 2:55pm Jan 22, 2018 2:55pm
Although you should not take the (repainting) zigzag as a leading indicator there is something to say for the system using it manually for entries.
I let the ebeckers EA take the trades (out of sheer laziness) and when the alert tingles i'll have a look and kill the trade if i do not like it.
You could do even better by not letting the EA take the trade but just wait for the alerts. Trading on H4 you can set the alert interval @ 240/480.
SL/TP and hedging are of course up to you the trader but a couple of % a day with the basic mrdfx setup must be feasible and with not to much effort.

Forget about that 150% jump the first two days of trading, last week was +40%.
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I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,478
  • Jan 22, 2018 3:18pm Jan 22, 2018 3:18pm
Possible trade setup, let's discuss

1 : Green Zig Zag Arrow - Yes
2 : MBFX Timing was oversold, now going up - Yes
3 : Trend Line is Green - Yes

Price closed above 15 SMA - Yes

Using Fib tool to display entry, stop loss and profit targets, by using 2 times the ATR(50) of 4 Hour candles, see Yellow arrow

I placed the stop 10 pips below the low, and to maintain the 60 pips stop loss requirement, entry has to be at 89.00, do you follow?

Therefore we can see 1 to 1 risk / reward is at first resistance point (fractals) and 2 to 2 risk / reward target is 90.20

Daily trend of 200 SMA is up, any thoughts, comments, criticism, suggestions, all welcome, good luck

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It takes a lot for me to IGNORE you, but you can try.
  • #2,479
  • Jan 22, 2018 3:40pm Jan 22, 2018 3:40pm
Hi, i have a novice question about the EA. Does anyone else get it where only a limited number of the pairs showing? I currently only have 3 pairs showing and i havent changed any of the settings.
Any ideas anyone?
Thanks
D
  • #2,480
  • Jan 22, 2018 3:50pm Jan 22, 2018 3:50pm
Quoting WileyD
Hi, i have a novice question about the EA. Does anyone else get it where only a limited number of the pairs showing? I currently only have 3 pairs showing and i havent changed any of the settings. Any ideas anyone? Thanks D
The EA will only show pairs that have a zigzag arrow within the zigzagcandles range.
I can calculate the movement of stars, but not the madness of men. Isaac N.
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