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Simple Daily Trend Reversal Trading System

  • #2,661
  • Feb 5, 2018 1:23pm Feb 5, 2018 1:23pm
I agree, The introduction of the S&R seems to have made a big difference.
  • #2,662
  • Feb 5, 2018 7:42pm Feb 5, 2018 7:42pm
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}
Hey bro, can you share squilly-wiggly spaghetti strength indicator here?
  • #2,663
  • Feb 5, 2018 9:10pm Feb 5, 2018 9:10pm
Quoting ebeckers
=== First results of S&R filter test === Just a quick update of my own tests so far I've been running 2 EA's on a demo account EA 1) S&R filter disabled EA 2) S&R filter enabled All other settings are exactly the same Results after 2 weeks of 100% automated trading: EA with S&R filter disabled: All time profit : -154 pips, profit factor : 0.85, Win ratio : 68% EA with S&R filter enabled: All time profit : +131 pips, profit factor : 1.15, Win ratio: 75 % Now this is just 2 weeks, but you can see the what a difference the S&R filter makes :-) Below...
This is the best setting i have testing in this EA.
I just add 100 to zigzag, and all ok
Thanks Ebeckers
  • #2,664
  • Feb 5, 2018 9:31pm Feb 5, 2018 9:31pm
Quoting ordosgoitia
{quote} This is the best setting i have testing in this EA. I just add 100 to zigzag, and all ok Thanks Ebeckers
Hola Ordo , in your case SMA200 On or off ?? News Filter on/off ??.Thanks for answering ...
  • #2,665
  • Edited 4:39am Feb 6, 2018 1:37am | Edited 4:39am
Quoting ebeckers
=== Trading pinbars from weekly S&R support levels === While i was busy with my new crypto bot which runs mrdfx strategy on crypto currencies i came up with a new idea for the MT4-EA Instead of using mrdfx strategy i tried the most simple strategy one could come up with.. Trading pinbars from weekly support & resistance levels I already wrote the S&R indicator before, so 1 pizza and some coca cola later i implemented the pinbar detection and had a working proof of concept. I put the new strategy in the EA so it looks the same, but if you look closer...

Hi ebeckers, would you please help me to understand the S&R filter? as per below screenshot, if i enable to SR filter and set SR_daily true, does this means the EA will enter/exit the trade on that Level +or- 30 pips? Can I enable multiple timeframes? or does this SR timeframe has to me agree the chart TF?

Thanks

Attached Image (click to enlarge)
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  • #2,666
  • Feb 6, 2018 4:29am Feb 6, 2018 4:29am
Quoting mrdfx
Happy Monday guys! There's lots of fundamentals this week, lets hope for a profitable week ahead!
Going like a rocket.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,667
  • Feb 6, 2018 4:49am Feb 6, 2018 4:49am
Quoting ordosgoitia
{quote} This is the best setting i have testing in this EA. I just add 100 to zigzag, and all ok Thanks Ebeckers
Do you mean you place the ExtDepth to 100?

I've not had as good results with S&R strangely.
Exact same settings apart from the EA WITH S&R has a risk account percentage of 8%, whereas the EA without S&R has only a 2% risk.
WITH S&R:
Attached Image


WITHOUT S&R.
Attached Image
  • #2,668
  • Feb 6, 2018 5:49am Feb 6, 2018 5:49am
Quoting johnsmith2nd
{quote} Change from .txt to .set. {file} Two nice trades done on the GBPJPY. {image}
thanks
  • #2,669
  • Feb 6, 2018 7:15am Feb 6, 2018 7:15am
Hi guys ! It seems the results are a bit contradictorily ? Would you plz post your setfiles to see the differences ? May be some small differences in the Settings could cause quite different results ?

All in all the mrdfx's TE above is doing now extremly good !

@mrdfx: what's the best setfile for these results ? As I remember you use more then one strategy/setfile in this demo in your TE ?
  • #2,670
  • Feb 6, 2018 7:35am Feb 6, 2018 7:35am
I have been getting many inboxes from members asking me for my set file. It humorous that as soon as the TE has turned around and in good profits, my inbox is flying with messages lol.

Guys as I said before this is a test TE using 4 different set ups, which I clearly explained a few pages back when this test started. I also did post my settings which I am using so if you only take some time to search a little, and read back you will find it.

Once this test concludes I will check all the data, and post which settings was the most successful. Just to tell you though I am using the default settings on almost everything except for the TS levels which I modified slightly, which can also be found if you read back in the thread.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,671
  • Feb 6, 2018 8:06am Feb 6, 2018 8:06am
Quoting mrdfx
I have been getting many inboxes from members asking me for my set file. It humorous that as soon as the TE has turned around and in good profits, my inbox is flying with messages lol. Guys as I said before this is a test TE using 4 different set ups, which I clearly explained a few pages back when this test started. I also did post my settings which I am using so if you only take some time to search a little, and read back you will find it. Once this test concludes I will check all the data, and post which...
If you can figure out what caused this...you are set.
Attached Image

Btw. any chance on getting a public MyFxbook on your account for better analysis ?
TE just doesn't do it.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,672
  • Feb 6, 2018 8:40am Feb 6, 2018 8:40am
Quoting FxMadness
{quote} If you can figure out what caused this...you are set. {image} Btw. any chance on getting a public MyFxbook on your account for better analysis ? TE just doesn't do it.
I think that during that time the market was trending strong, and in a strong trending market this strategy doesn't do too well, as its based on reversals. The last 2 weeks we caught some nice reversals, and this has brought the account back.

On my next TE which I'll load after this test is complete, I'm going to use an old small account which I blew last year, and try bring it back to life. I'll link it on MyFxbook as well so you can follow there if you prefer. I've also heard FXblue is good, so I'll think about including that.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,673
  • Feb 6, 2018 9:01am Feb 6, 2018 9:01am
Quoting mrdfx
{quote} I think that during that time the market was trending strong, and in a strong trending market this strategy doesn't do too well, as its based on reversals. The last 2 weeks we caught some nice reversals, and this has brought the account back. On my next TE which I'll load after this test is complete, I'm going to use an old small account which I blew last year, and try bring it back to life. I'll link it on MyFxbook as well so you can follow there if you prefer. I've also heard FXblue is good, so I'll think about including that.
FxBlue is alright also.
At least you can examine the trades by magic/day/month and a bunch of other criteria.
Just to try to figure out and perhaps try to prevent other big "trending" losses.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #2,674
  • Feb 6, 2018 5:02pm Feb 6, 2018 5:02pm
Could someone please assist?

I have the StopLossAtZigZagArrow set to 'true' along with the riskreward as my trailing stop.

On screenshot you can see the red vertical line shows my entry for 'SELL'. I've had a nice move down, and alas there is a green arrow. This suggest that price may be reversing. The MA15 has not YET crossed to suggest upwards trend, but it may do so soon (given the resistance line).
However I thought with StopLossAtZigZagArrow at true, it would automatically close the trade at OPPOSITE arrow?
Anyone able to clarify this, as it would be a great shame to lose the 200+ pips should it reverse PRIOR to reaching the risk reward ratio of 2:1 and then hit my stop loss. Does this make sense?
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  • #2,675
  • Feb 6, 2018 10:55pm Feb 6, 2018 10:55pm
Quoting johnsmith2nd
However I thought with StopLossAtZigZagArrow at true, it would automatically close the trade at OPPOSITE arrow?
It will close the trade when an valid opposite signal appears
So not only when an zigzag arrow appears, but when mbfx, trend and ma15 also become valid.
  • #2,676
  • Feb 7, 2018 1:55am Feb 7, 2018 1:55am
Quoting ebeckers
{quote} It will close the trade when an valid opposite signal appears So not only when an zigzag arrow appears, but when mbfx, trend and ma15 also become valid.
Ebeckers thanks! Come to think of it, I'm sure I've asked this exact question before and it was answered! Apologies!
Regards.
  • #2,677
  • Feb 7, 2018 2:51am Feb 7, 2018 2:51am
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  • #2,678
  • Feb 8, 2018 6:24am Feb 8, 2018 6:24am
Today we officially crossed 100% all time return!

Yes we had a rocky start, but things have been moving and shaking these last 2 weeks and the strategy is proving itself to be a profitable strategy, and the EA is working very well. (thanks ebeckers!)

We have 1 more week to go before this test concludes, lets see if we can finish strong!
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Truth is like poetry. And most people f*cking hate poetry.
  • #2,679
  • Feb 8, 2018 7:22am Feb 8, 2018 7:22am
Quoting mrdfx
Today we officially crossed 100% all time return! Yes we had a rocky start, but things have been moving and shaking these last 2 weeks and the strategy is proving itself to be a profitable strategy, and the EA is working very well. (thanks ebeckers!) We have 1 more week to go before this test concludes, lets see if we can finish strong! {image}
Congratulations! Fantastic results!
  • #2,680
  • Feb 8, 2018 8:06am Feb 8, 2018 8:06am
Quoting mrdfx
... We have 1 more week to go before this test concludes, lets see if we can finish strong! {image}
Very interesting topic!!!
Many thanks to the authors – mrdfx & ebeckers! (sorry for bad English - I am from Russia.)
I will watch for updates
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