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Simple Daily Trend Reversal Trading System

  • #2,621
  • Jan 31, 2018 6:12am Jan 31, 2018 6:12am
My EA never sets stop and target on the platform, anything I did wrong?
Thanks!
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  • #2,622
  • Jan 31, 2018 6:16am Jan 31, 2018 6:16am
Quoting sailorvt
My EA never sets stop and target on the platform, anything I did wrong? Thanks! {image} {image} {image}
It is a 'hidden' Stop/take profit system so the broker does not detect it.
It's all working fine within the EA.
  • #2,623
  • Jan 31, 2018 6:28am Jan 31, 2018 6:28am
but I read someone said he had his orders set with 50 pips sl for every trade, I think the EA might work that way? or maybe it's just his thing.
  • #2,624
  • Jan 31, 2018 6:57am Jan 31, 2018 6:57am
I like to see green text!!!! H1 - SMA 31
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  • #2,625
  • Jan 31, 2018 7:29am Jan 31, 2018 7:29am
Quoting sailorvt
but I read someone said he had his orders set with 50 pips sl for every trade, I think the EA might work that way? or maybe it's just his thing.
The SL is user definable in the EA settings.
Blessed is the one who takes refuge in Him.
  • #2,626
  • Jan 31, 2018 10:54am Jan 31, 2018 10:54am
Quoting reo4ua
{quote} The SL is user definable in the EA settings.
may i ask how to make the sl visible instead of "hidden"?
Thanks!
  • #2,627
  • Jan 31, 2018 11:04am Jan 31, 2018 11:04am
Quoting sailorvt
{quote} may i ask how to make the sl visible instead of "hidden"? Thanks!
On the dash below the trade panel all active trades are listed with the SL, it is only hidden from the broker.
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Truth is like poetry. And most people f*cking hate poetry.
  • #2,628
  • Jan 31, 2018 12:32pm Jan 31, 2018 12:32pm
Quoting valseva
I like to see green text!!!! H1 - SMA 31{image}
do you mean you use SMA31 as a filter?
  • #2,629
  • Jan 31, 2018 3:03pm Jan 31, 2018 3:03pm
Yes"/ lot 0.05- sma 34 / lot 0.04 - sma 31
  • #2,630
  • Jan 31, 2018 7:42pm Jan 31, 2018 7:42pm
Quoting hzs10
{quote} shorted AUDUSD & AUDCAD H4 {image} {image}
AUDCAD hit TP +52pips
  • #2,631
  • Jan 31, 2018 10:57pm Jan 31, 2018 10:57pm
can someone please make zigzag arrow into mtf indicator and add alerts.
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  • #2,632
  • Feb 1, 2018 2:13am Feb 1, 2018 2:13am
Quoting mrdfx
{quote} On the dash below the trade panel all active trades are listed with the SL, it is only hidden from the broker.
Thanks, of course I understand the concept of hidden SL, but some people might prefer simply set it there, I just want to have extra protection, for example, the hidden sl is 50 pips, but set a hard sl on the broker side like 300 pips, so when a black swan kind of event happens and market crash hundreds even thousands pips in seconds, and the internet may be down, and power outage etc. it's not bad to set an emergence sl on the broker side.
  • #2,633
  • Feb 1, 2018 5:02am Feb 1, 2018 5:02am
Well it looks like things have turned around nicely this week after a last weeks bloodbath.

Half way in the test, and a lot can still happen!
Truth is like poetry. And most people f*cking hate poetry.
  • #2,634
  • Edited 5:43am Feb 1, 2018 5:02am | Edited 5:43am
Quoting sailorvt
{quote} Thanks, of course I understand the concept of hidden SL, but some people might prefer simply set it there, I just want to have extra protection, for example, the hidden sl is 50 pips, but set a hard sl on the broker side like 300 pips, so when a black swan kind of event happens and market crash hundreds even thousands pips in seconds, and the internet may be down, and power outage etc. it's not bad to set an emergence sl on the broker side.

But why would you need to set a hard SL when the EA has already set for example 50 pips hidden SL? If there is already a SL in place which is set and been hidden from the broker there is no need for an additional SL.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,635
  • Feb 1, 2018 6:50am Feb 1, 2018 6:50am
Quoting mrdfx
Well it looks like things have turned around nicely this week after a last weeks bloodbath. Half way in the test, and a lot can still happen!
Yes ! Right ! To be honest - I lost already all my hope looking the TE during the last weeks. But this turnaround looks nice. How to explain this considerable improvement ? To understand this is important bcz we could expect a worsening of the results anew .... how to prevent big losses coming around suddenly ?

Did you change anything to initiate this coming back ?

Btw - what the new version using S&D ? This new version represents in my eyes a possible big step forward.
  • #2,636
  • Feb 1, 2018 7:09am Feb 1, 2018 7:09am
Quoting DerBerliner
{quote} Yes ! Right ! To be honest - I lost already all my hope looking the TE during the last weeks. But this turnaround looks nice. How to explain this considerable improvement ? To understand this is important bcz we could expect a worsening of the results anew .... how to prevent big losses coming around suddenly ? Did you change anything to initiate this coming back ? Btw - what the new version using S&D ? This new version represents in my eyes a possible big step forward.
Lose hope after only 2 weeks of bad performance? This is only a 1 month test and even this is not a long time for a consistent testing, but it will give a good indication of the performance. Lets see after the 1 month is complete.

Reasons for the previous 2 bad weeks and this weeks good results can be from market situation. It all has to do with the market conditions, and remember this is a trend reversal strategy, and if some pairs are trending and parabolic for a long time this strategy will not have good result on those pairs.

I have not changed anything, the EA is following the same rules and settings as from the beginning, except adding the S&R filter in the last version.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,637
  • Feb 1, 2018 7:21am Feb 1, 2018 7:21am
Quoting mrdfx
{quote} But why would you need to set a hard SL when the EA has already set for example 50 pips hidden SL? If there is already a SL in place which is set and been hidden from the broker there is no need for an additional SL.
but there are many variables, for example the computer might malfunction, the power might be out, the internet might lose connection, human error causing EA to stop working, the 300 pips sl on the broker side is only for protection when the worst happens. sorry for rambling, but i'm very keen on risk management, and I saw other EAs have something like this.
I'm very sorry I don't mean you any disrespect.
And Thanks a lot for you hard work on the S/R indicators and EAs.
by the way, does the S/R indicator get those levels from a central server, or the indicator calculate those very accurate levels on the terminal chart itself?
  • #2,638
  • Feb 1, 2018 9:01am Feb 1, 2018 9:01am
Quoting DerBerliner
{quote} Yes ! Right ! To be honest - I lost already all my hope looking the TE during the last weeks. But this turnaround looks nice. How to explain this considerable improvement ? To understand this is important bcz we could expect a worsening of the results anew .... how to prevent big losses coming around suddenly ? Did you change anything to initiate this coming back ? Btw - what the new version using S&D ? This new version represents in my eyes a possible big step forward.
manually i have no problems with the strategy as long as you can see the chart, indicators and next to that a strength or ccfp indicator to see where the currencies are (in strength) before you enter the trade.
Fi. H4 trading i look at the H1 and D1 strength and look if one of them is in opposite OBOS.
If so i will wait with the H4 entry until the H1 strength signals a swing.

The EA is a bit slow responding on changes while in a trade so there is almost no options as to leave an entered trade run to SL (or hopefully TP).
Manual will also give you the option to trade larger lotsizes and, fi. based on H1 swing strength to add to the trades or enter a hedge to limit the losses.

Manual and to be honest i did not even pay much attention.
ps. Does not say anything yet, lets see that it holds without that less attention.
ps2. Manged not to have that losing streak by not entering trades that just did not looked good thus managing the initial losses better.
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I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,639
  • Feb 1, 2018 9:04am Feb 1, 2018 9:04am
Not much happening today, and no set ups forming soon.

It's been a great week though, and the TE has recovered nicely.

NFP also tomorrow so I think its a good thing there aren't any active exposed pairs.
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Truth is like poetry. And most people f*cking hate poetry.
  • #2,640
  • Feb 1, 2018 11:24am Feb 1, 2018 11:24am
E.

That's a really long way to go.... :-)
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I can calculate the movement of stars, but not the madness of men. Isaac N.
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