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Simple Daily Trend Reversal Trading System

  • #2,521
  • Jan 24, 2018 1:29am Jan 24, 2018 1:29am
Quoting ebeckers
{quote} Thx.. managed to port the basic strategy and... it send its first signals to telegram: https://t.me/TrendReversalBot
Fantastic work. I've added the telegram.

Which pairs is this working on? And can I use another exchange like bittrex?
  • #2,522
  • Jan 24, 2018 1:40am Jan 24, 2018 1:40am
Quoting johnsmith2nd
{quote} Fantastic work. I've added the telegram. Which pairs is this working on? And can I use another exchange like bittrex?
atm its working on all pairs on binance, didnt look at other exchanges since i dont have accounts there (and you cannot signup atm)
Note that the bot is not running 24/7 atm. Its still under development ;-)
  • #2,523
  • Jan 24, 2018 9:49am Jan 24, 2018 9:49am
Oh Dear. Most of my auto trades going the wrong way so far.
Well one suppose can't win them all.
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  • #2,524
  • Jan 24, 2018 9:52am Jan 24, 2018 9:52am
Today's trades, this weeks trades.....
Truth is like poetry. And most people f*cking hate poetry.
  • #2,525
  • Jan 24, 2018 10:19am Jan 24, 2018 10:19am
So far with the start of the new test the market has been unstable and all over the place, and signals have not been winning.

1/7 trades so far which has given a nice butt-kick to the account balance. Only 1 week in so still 3 weeks to go, hopefully things will turn around.
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Truth is like poetry. And most people f*cking hate poetry.
  • #2,526
  • Jan 24, 2018 12:19pm Jan 24, 2018 12:19pm
Quoting mrdfx
Today's trades, this weeks trades.....
A lot of pairs are trending atm which is one of those situations where the strategy fails :-(
  • #2,527
  • Jan 24, 2018 1:00pm Jan 24, 2018 1:00pm
I think a lot of traders did not see this coming.
Pound up like there is no brexit coming, dollar still going down despite not to bad overall data.
Something sinister going on.
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I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,528
  • Jan 24, 2018 1:28pm Jan 24, 2018 1:28pm
Quoting FxMadness
I think a lot of traders did not see this coming. Pound up like there is no brexit coming, dollar still going down despite not to bad overall data. Something sinister going on. {image}
In Davos, many economists, bankers and billionaires have already been asked about the situation. They say that nothing good is waiting for us.

В Давос много икономисти, банкери и милиардери, вече се исказаха по повод ситуацията. Изказват мнения, че нищо хубаво не ни чака.
  • #2,529
  • Jan 24, 2018 1:50pm Jan 24, 2018 1:50pm
On the other hand.. there are lots of nice entries for swing trades :-)
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  • #2,530
  • Jan 24, 2018 3:07pm Jan 24, 2018 3:07pm
Inserted Video

mrdfx and ebekers you now famous in russia
  • #2,531
  • Jan 24, 2018 3:31pm Jan 24, 2018 3:31pm
@beethoven: Ni chrena ni ponimaju notschemu ? Gladja na resultaty chotja by utschitywaja EA na werchu wostorg nikschemu ... wosmoschno tschatelny rutschnoi trading choroscho rabotaet ... a ostalnoe v obschem chunja ... prosto chunja ....
  • #2,532
  • Jan 24, 2018 3:37pm Jan 24, 2018 3:37pm
Congratulations on your new fame!
  • #2,533
  • Jan 24, 2018 3:45pm Jan 24, 2018 3:45pm
Quoting beethoven
https://www.youtube.com/watch?v=Y0jaNcoNnDU mrdfx and ebekers you now famous in russia
hahaha lol ;-)
  • #2,534
  • Jan 24, 2018 5:28pm Jan 24, 2018 5:28pm
Quoting beethoven
https://www.youtube.com/watch?v=Y0jaNcoNnDU mrdfx and ebekers you now famous in russia
Hahaha I saw this today, and made my comment to say thanks. Spacibo.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,535
  • Jan 24, 2018 9:11pm Jan 24, 2018 9:11pm
AUDJPY hit TP +55pips

I also took NZDJPY ytd but forgot to screenshot. hit TP +44pips

I also took GBPJPY which hit SL: -155pips

GBPJPY i took a wrong lot size. instead of 0.1 I entered 0.01 so currently acc still in positive. I realised my GBPJPY result is not that good. So i am thinking of dropping this pair next month.
  • #2,536
  • Jan 25, 2018 3:44am Jan 25, 2018 3:44am
Quoting hzs10
.....I realised my GBPJPY result is not that good. So i am thinking of dropping this pair next month.
Are you sure dropping this or other pairs ? In my eyes it's an obvious mistake to do so. Why ? You will have every day/week loosing results caused by so called "bad" pairs. Next week perhaps just this pair will be a so called "good" one, bcz you got one good result (=winner) - "wow, great, yeh, yeh !". And so on ...
May be there are - from time to time - "improper" pairs for a distinct strategy. But suddenly the situation at the markets may change - and the former "bad" pairs are the winners ! So it makes no sense to select the "best" pairs by this way. Based on one or two trades only you can't say which pair is perhaps not the best for a given strategy.
In that case you described your SL was simple to high. It was set at the "ZigZag". Using a smaller lot size was the right approach - you could avoid bigger losses.
  • #2,537
  • Jan 25, 2018 4:15am Jan 25, 2018 4:15am
Whilst we are on topic of worst performing pairs.. here's the list from my TE. Personally I have yet to figure out how to select the best pairs for trend reversal trading. Maybe after 12 months if I am getting consistently poor results from a particular pair I'll choose not to trade it...
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  • #2,538
  • Jan 25, 2018 4:20am Jan 25, 2018 4:20am
Quoting DerBerliner
{quote} Are you sure dropping this or other pairs ? In my eyes it's an obvious mistake to do so. Why ? You will have every day/week loosing results caused by so called "bad" pairs. Next week perhaps just this pair will be a so called "good" one, bcz you got one good result (=winner) - "wow, great, yeh, yeh !". And so on ... May be there are - from time to time - "improper" pairs for a distinct strategy. But suddenly the situation at the markets may change - and the former "bad" pairs are the winners ! So it makes no sense to select the "best" pairs...
I said that based on my last month result and this month. I am not selective just purely on 1 trade. I do journal down all my trades that I engaged and that is the observation before saying that. I am just sharing my thoughts. I did not ask u to follow me blindly. If you think GBPJPY has gave u good profitable trade, please continue to do so. I will share my trade journal next month.
  • #2,539
  • Jan 25, 2018 5:28am Jan 25, 2018 5:28am
Not as sexy as MT4 (yet).. but we're getting there slowly ;-)
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  • #2,540
  • Jan 25, 2018 5:30am Jan 25, 2018 5:30am
Quoting ebeckers
Not as sexy as MT4 (yet).. but we're getting there slowly ;-) {image}
Fantastic! I've not received any signals on telegram yet. Is that correct?
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