Simple Daily Trend Reversal Trading System

This system uses the MBFX indicator. As I understand it the "MB" is Mostafa Belkhayate, the guy who designed the indicator, and he recommends the H4 timeframe. Long term, I do not think you will get good results on H1,M30, etc, and if you go the other way to D1, you will need ... to ... be ... patient ... for ... profits ... whilst ... you ... sit ... through ... some ... long ... periods .. of ... dd. But I am happy to be proven wrong.

Take it you mean the demo, I have seen many pips in testing only to be taken away in a swipe, its a good guide but bye eck, it could be a financial disaster otherwise, just hope the "real" is intact,D

I have taken many notes during this test and there will be many changes in the next test especially as it will be live.

I have seen during these last 2 tests what works and what doesn't, and the next test will hopefully perform better.

And will those new insights be reflected in the EA or will be be the same EA with different settings ?

Its a rsx. I think was made for mladen but not sure who did it first

The same EA, but with modified settings.

I was hoping you were going to say that...look forward to it. But, have you thought that with further refinements, we might be getting into the strategy behavior where it will only work for a very specific market behavior; there's a term for that, but I can't pull it out of my brain right now?

"99,9% of the Expert advisors" is that term.

I am looking forward to read what you have learned from the past tests and how you are going to apply that knowledge on the next.

Hello guys welcome to the EA test results!

For more info on the test, and what was tested you can see here: https://www.forexfactory.com/showthr...2#post10676112

So that's it guys, another test done and dusted! I must say that after having a great start to the week, it was quite an anticlimax ending on the last day. We went as high as +109% on the account, but in the end we closed the month on +19%. I will say that even for a test, making +19% profit in a month is great, and I'm pretty happy with that!

There were some things that I saw was working, and not working, and in the next test I will explain the changes that I will be making.

Ok now down to the stats! So out of the 4 tests, I was trying to test a few combinations of settings to see which worked better, and which was more profitable. Early on I started to see some settings doing better than the others, and by the end of the test it was confirmed. Here are the results:

Test settings 1:

1st: Chart 2. This chart used a fixed lot size of 0.5 + RR 1:1 for TP.
2nd: Chart 1. This chart used a fixed lot size of 0.5 + modified TS settings for TP.
3rd: Chart 4. This chart used 2% of account per trade + RR 1:1 for TP.
4th: Chart 3. This chart used 2% of account per trade + modified TS settings for TP.

So we can see that using a fixed lot size + RR was the winner, and more profitable overall. The fixed lot size with TS settings, was also quite profitable. Using a % for lot size did not work too well, although I will say that I had it at 2% risk only, so perhaps increasing the risk might have improved the results on those charts.

Using RR was a good idea, and it worked well as you can see. I found that using 1:1 was better than 2:1 as many times the SL was over 75+ pips so shooting for 2:1 would have been difficult getting 150 pips on each trade. Looking at the results I do think that using a combination of the TS settings with RR could work very well together if it was possible.

Well ok so the numbers don't look too spectacular, but before this week they were! Looking at things now I can definitely see areas which can be improved for the next test, and I will discuss them in more detail in the next test.

Test settings 2:

These results are showing the overall account results for the group test. As you can see this week really took a knock with many pairs just reversing on us. We closed the month with +931 pips, and an average win rate of 59%. That's not too bad, and even though we had losses, to close the month with those results for a test, I think that's ok! Yes we can do better and in the next test we will for sure!

I also included the list of pairs that were traded, and how they performed. 23 from 28 pairs were traded, and some were traded more than others. I'm not sure of exactly how to make of it as I know that pairs move in cycles so this particular month those losing pairs might cycle again, and perform better on another month, anyway it's there to analyze.

Well guys I think that's it. It was an interesting test for sure, and even with some bad losing days we still closed the month in profit! I've got everything pretty much ready with the next test. I've put up $250 and we will rock this thing live!

Thanks for following guys, I hope you enjoyed this test with me, and will follow along in the next one! Happy trading!

I have left the TE linked to my profile so you can take a look, and do your own analysis of the data.

I will delete it tonight as the new one is already linked ready for Monday.

Greetings!
Installed version 1.20 and just opened two orders - by EURUSD & EURUSDx.
EURUSDx does not have any settings. Broker - Insta.

Nice test reports. I just have one question, I had only 21 trades this week, I had it online 24/5 and u had 72? I use the EA settings from Ebeckers that he shared few pages back, where he posted the difference between S&R on or off. Well I had a good pip count I guess.

Do you mind uploading your setfile?

Really, that's all the analysis ?
Quite disappointing.

If my report wasn't detailed or in depth enough to please you, you're welcome to take a look at the TE yourself, and your own analysis like I said in my previous post.

No problem.
Either enter your account on MyFxbook as public so we can generate a .csv from it or generate a html Statement from the history and post it.

FXMadness, what a rude and arrogant attitude!

No, not really.

There are so many tools besides "this did not work, lets try something different and start a new test" that can improve the strategy that mrdfx came up with.
mrdfx started the thread saying that he has used this system for quite some time and it works.
Following up he did promoted the EA but still showing the 140% he made MANUAL without showing any indepth insights on how he accomplished that result.

If you develop and promote a strategy and you want to have followers you should know everything there is to know about it.
Trading H4 keeping trades on for multiple days and saying "2:1 with 75 pips SL so 150 pip is out of reach" is well softly said nonsense because 150 pips within that time frame and trades running for multiple days 150 pips is peanuts.

At least go and get something as Quant analyzer (which even is not the best) and run your trade trough it.
Guess what Monday and Friday are profitable days. Now analyze are those monday profits caused by friday entries and friday profits cause by tue,wed,thu entries ? if the latter is true should we set a SL on those entries ?
There are so many more factors you can analyze that i can honestly say "i am disappointed in the analysis".

Start of mine, same system, 1 month of bad results using quant and going to investigate further on the Monday and Friday profits.
And also on trade duration against and loss/profit.

I will give a really simple "what if trading monday and friday" based on the two greens above.
Difference -1900 -> +2700 is something to spend a couple of hours of research on.
I admit this is just to simple.

At least I have to agree that a verified account at myfxbook or fxblue is richfull of tools to better analyze the strategy in depth , entry / exit , accuracy, dd or pf per pair
that does not exist in TE ..Now, I have the say wooaaw to this Quant Analyzer ...very interesting ...turning a loosing strategy into a winning one..Thumb up.

Fxm ..smoothing your language terms, will never dim the excellent impression we have from you : smart (very) , helpull ( very) , sharing spirit ( a bunch) ...