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Simple Daily Trend Reversal Trading System

  • #2,641
  • Feb 1, 2018 11:32am Feb 1, 2018 11:32am
Quoting valseva
I like to see green text!!!! H1 - SMA 31{image}

What do you mean by SMA 31?
  • #2,642
  • Feb 1, 2018 12:52pm Feb 1, 2018 12:52pm
Quoting FxMadness
{quote} 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...
The explanation of your manual approach sounds really convincingly and well thought. But could you add some examples/pictures to have a more detailed understanding ?
  • #2,643
  • Feb 1, 2018 1:00pm Feb 1, 2018 1:00pm
Quoting T4Trade
can someone please make zigzag arrow into mtf indicator and add alerts. {file}
I would second this request and also please some genius coder code a MTF MBFX Timing indicator, maybe also with alerts?
I know it's a lot to ask, but it would be good to have these indicators on lower time frames like 1 hour because I personally think we can find better entries on lower time frame for this very good strategy, Thanks!
  • #2,644
  • Feb 1, 2018 1:37pm Feb 1, 2018 1:37pm
Quoting sailorvt
{quote} I would second this request and also please some genius coder code a MTF MBFX Timing indicator, maybe also with alerts? I know it's a lot to ask, but it would be good to have these indicators on lower time frames like 1 hour because I personally think we can find better entries on lower time frame for this very good strategy, Thanks!
Indicator requests can be made here.

https://www.forexfactory.com/showthread.php?t=166758
Truth is like poetry. And most people f*cking hate poetry.
  • #2,645
  • Feb 1, 2018 2:02pm Feb 1, 2018 2:02pm
Just so I am clear the zig zag arrow does repaint until price closes above or below the 15 ema correct?
  • #2,646
  • Feb 1, 2018 3:37pm Feb 1, 2018 3:37pm
Quoting DerBerliner
{quote} The explanation of your manual approach sounds really convincingly and well thought. But could you add some examples/pictures to have a more detailed understanding ?
Can do, not the best example but understandable.
Get yourself a squilly-wiggly spaghetti strength indicator from FF, there are plenty (like ccfp).

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I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,647
  • Feb 2, 2018 12:58am Feb 2, 2018 12:58am
Thanks FXMadness,
for a newbye it was a great help your teaching!!

I will follow in silence the great MRDFX and all you smart guys... one day i will be skilled as you...i hope ( it is almost one year i started!)
with respect.
Paolo
  • #2,648
  • Feb 2, 2018 2:24am Feb 2, 2018 2:24am
Quoting FxMadness
{quote} Can do, not the best example but understandable. Get yourself a squilly-wiggly spaghetti strength indicator from FF, there are plenty (like ccfp). {image}{image}{image}
Hello FxMadness, would love to have your BDMcysle cycle indicator, hope you don't mind sharing. thanks
  • #2,649
  • Feb 2, 2018 2:52am Feb 2, 2018 2:52am
Quoting jfxhub
{quote} Hello FxMadness, would love to have your BDMcysle cycle indicator, hope you don't mind sharing. thanks
You can find different and perhaps better versions even with chart arrows and alerts.
Just google "mt4 cycle identifier".
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,650
  • Feb 2, 2018 7:53am Feb 2, 2018 7:53am
Quoting FxMadness
{quote} You can find different and perhaps better versions even with chart arrows and alerts. Just google "mt4 cycle identifier".
FxMadness how are you using the addition of the cycle identifier to the strategy?

I have looked at it, and it resembles the zig zag arrow except in an oscillator type form. The peaks and lows correspond very similarly to the zig zag arrow so I was wondering what additional benefits it has for choosing to use it?
Truth is like poetry. And most people f*cking hate poetry.
  • #2,651
  • Feb 2, 2018 8:26am Feb 2, 2018 8:26am
Quoting hzs10
{quote} shorted AUDUSD & AUDCAD H4 {image} {image}
AUDUSD hit TP: +88pips
  • #2,652
  • Feb 2, 2018 8:57am Feb 2, 2018 8:57am
USD wanted to get stronger and we have confirmation across the board. Thanks to this system, I saw it 4 days ago
  • #2,653
  • Feb 2, 2018 9:05am Feb 2, 2018 9:05am
Quoting hzs10
shorted AUDJPY and longed USDCAD H4 {image} {image}
AUDJPY hit TP: +69 pips
  • #2,654
  • Feb 2, 2018 9:09am Feb 2, 2018 9:09am
So here is the updated trade journal. This week has helped to pull back a lot of losses. From -200+pips to +4pips
Attached File(s)
File Type: xlsx Trend Reversal strategy.xlsx   19 KB | 717 downloads
  • #2,655
  • Feb 2, 2018 10:49am Feb 2, 2018 10:49am
Quoting mrdfx
{quote} FxMadness how are you using the addition of the cycle identifier to the strategy? I have looked at it, and it resembles the zig zag arrow except in an oscillator type form. The peaks and lows correspond very similarly to the zig zag arrow so I was wondering what additional benefits it has for choosing to use it?
Optical because it is also a re-calculator.

Not visible here is a minor signal in the same major direction could be a good point to add to the trade.
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I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,656
  • Edited 1:37pm Feb 2, 2018 12:55pm | Edited 1:37pm
Finishing the week strong.

After a bad last 2 weeks this wee we managed to turn things around and pull in some nice profits.

+1900 pips for the week, and from being -40% the account is now at +17.7%.

Lets hope next week we can continue these positive results, and make some good profits again.
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Truth is like poetry. And most people f*cking hate poetry.
  • #2,657
  • Feb 5, 2018 5:27am Feb 5, 2018 5:27am
Happy Monday guys!

There's lots of fundamentals this week, lets hope for a profitable week ahead!
Truth is like poetry. And most people f*cking hate poetry.
  • #2,658
  • Feb 5, 2018 6:16am Feb 5, 2018 6:16am
My results so far, so good.
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  • #2,659
  • Feb 5, 2018 10:10am Feb 5, 2018 10:10am
Quoting johnsmith2nd
My results so far, so good. {image}
Could you post your set file, please?
  • #2,660
  • Feb 5, 2018 12:04pm Feb 5, 2018 12:04pm
Quoting fabio.g
{quote} Could you post your set file, please?
Change from .txt to .set.
Attached File(s)
File Type: txt v4 strategy.txt   2 KB | 447 downloads


Two nice trades done on the GBPJPY.

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