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Simple Daily Trend Reversal Trading System

  • #2,821
  • Feb 19, 2018 2:41pm Feb 19, 2018 2:41pm
Quoting mrdfx
Hello guys welcome to the 3rd test, and 1st LIVE test! We are picking up a notch, and I'm putting some money on the table! So based on the results, and data I collected from the previous test I was able to get a pretty good idea of what worked well, and I've decided to keep some settings, and make some new changes. In the previous test using the fixed lot size for MM had the better result than %, and both the TS and RR settings worked well so I'll be keeping both. I've added a few extra things...
I had a look at the settings attached in that post. In my eyes they, like other setfiles posted here in this thread, are not optimal, concerning the Money Management. The SL is usually high (75 pips in the posted setfile), higher then the first TP taken often enough. For instance: The price goes to a first trigger of 40 pips, after that falls back (or could fall back) to 30 pips, thus of course realizing a gain of 30 pips. That result looks good - but sooner or later the SL of 75 pips will be hit ! After that you need 2.5 winning trades to compensate only that nasty looser - so the Money Management like this means: "let the loosers run and cut the winners" - it's a pretty uncomfortable approach, isn't it ?
  • #2,822
  • Feb 19, 2018 2:55pm Feb 19, 2018 2:55pm
Quoting mrdfx
Hello guys welcome to the 3rd test, and 1st LIVE test! We are picking up a notch, and I'm putting some money on the table! So based on the results, and data I collected from the previous test I was able to get a pretty good idea of what worked well, and I've decided to keep some settings, and make some new changes. In the previous test using the fixed lot size for MM had the better result than %, and both the TS and RR settings worked well so I'll be keeping both. I've added a few extra things...
Thanks my man, do I need to place it on H4 or D1 chart. Now the thread says daily reversal. But the settings say "EA H4" so it has me confused.
  • #2,823
  • Feb 19, 2018 6:22pm Feb 19, 2018 6:22pm
Quoting DerBerliner
{quote} I had a look at the settings attached in that post. In my eyes they, like other setfiles posted here in this thread, are not optimal, concerning the Money Management. The SL is usually high (75 pips in the posted setfile), higher then the first TP taken often enough. For instance: The price goes to a first trigger of 40 pips, after that falls back (or could fall back) to 30 pips, thus of course realizing a gain of 30 pips. That result looks good - but sooner or later the SL of 75 pips will be hit ! After that you need 2.5 winning trades...
Understand your point and it's always a bone of contention, MDFX has said the settings worked well, so you only have to trust the previous tests, even then there is no guarantee, past performance, etc.. credit where due, he is willing to live test, I'm sure if it's a winner we will all ride his wave, my 2cents, a move to first trigger then reduce lot size but this may only work with bigger lots to reduce in sequence,then opens a huge can of worms,lol, anyhow, well done MRDFX for putting that boat in the water, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #2,824
  • Feb 19, 2018 6:35pm Feb 19, 2018 6:35pm
Quoting DerBerliner
{quote} I had a look at the settings attached in that post. In my eyes they, like other setfiles posted here in this thread, are not optimal, concerning the Money Management. The SL is usually high (75 pips in the posted setfile), higher then the first TP taken often enough. For instance: The price goes to a first trigger of 40 pips, after that falls back (or could fall back) to 30 pips, thus of course realizing a gain of 30 pips. That result looks good - but sooner or later the SL of 75 pips will be hit ! After that you need 2.5 winning trades...

totally!!
  • #2,825
  • Feb 20, 2018 12:43am Feb 20, 2018 12:43am
Quoting mankindeg
{quote} Thanks my man, do I need to place it on H4 or D1 chart. Now the thread says daily reversal. But the settings say "EA H4" so it has me confused.
Place it on H4 chart and leave it there.
Anything above the line is an uptrend, below the line is a downtrend.
  • #2,826
  • Feb 20, 2018 3:00am Feb 20, 2018 3:00am
Quoting benjaminyaon
{quote} totally!!
Please both of you. Attach "set" files with better settings.
Please excuse the bad English via Google Translate.
  • #2,827
  • Feb 20, 2018 3:30am Feb 20, 2018 3:30am
There is no single one setfile for me. But the princip is simple: choose "your" SL and set the same number for the first (!) TP plus set the trigger 10 pips or so higher ... and so on for the following trailing steps ... it's all up to you which are the "best" numbers for YOU

I prefer for the H4 TF something like 40...50 pips SL, use for the S&D param the daily+weekly lines.

May be later on I'll attach a setfile, but only getting positive results in a longer run. That means after 2-3 months only it's worth to have a look.

P.S.: I think the advantage (if there is any ) of "my" MM approach will occur only in a longer run, for shorter periods, if the market is going in your direction all the time someone will win nicely, collecting these small winners but market will generate higher losses suddenly changing its direction against the former entries made by the EA code.
  • #2,828
  • Feb 20, 2018 5:41am Feb 20, 2018 5:41am
Any idea why did the EA open twice on same pair?
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Anything above the line is an uptrend, below the line is a downtrend.
  • #2,829
  • Feb 20, 2018 8:49am Feb 20, 2018 8:49am
Quoting Degolep
Any idea why did the EA open twice on same pair? {image}
I've had that happen. Refresh the EA.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,830
  • Feb 20, 2018 9:25am Feb 20, 2018 9:25am
Good afternoon.

In the first place, simple and nice EA.

Your current trade on CADJPY probably gonna be a loss.

I have one ideia to help filter out some of the few false signals that will conduct to a loss.

My ideia is the EA will check where is the zone of signal has been given regarding to the "slope" of the channel and only take trades accordingly to the slope aswell.

An example, it's a smaller timeframe than the 4hr but it tends to react.

I could be wrong too.
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  • #2,831
  • Edited 10:16am Feb 20, 2018 9:40am | Edited 10:16am
Another example trying to explain my point of view.

Best regards mrdfx.
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  • #2,832
  • Feb 20, 2018 2:11pm Feb 20, 2018 2:11pm
Hi bro! can you make more symbols in the Trade Pairs tab? Now 255, me need 2000))) ths!
  • #2,833
  • Feb 21, 2018 4:30am Feb 21, 2018 4:30am
Hi @Mrdfx, my EA seems to be opening just about two trades per day, I copied the set file you uploaded to my EA, and that's what i use presently. But when i check your TE, you seem to have lot more open trades than i do, though my system is relatively online, my platform is open and connected to the internet most of the day.

I also have Auto trading enabled. Please any ideas what to do??
Wisdom is profitable in all things
  • #2,834
  • Feb 21, 2018 5:01am Feb 21, 2018 5:01am
more than 2 weeks dont have reasonable signal on 4h today take audcad short.brrrr I was bored
  • #2,835
  • Feb 21, 2018 6:33am Feb 21, 2018 6:33am
Quoting wittybiz
Hi @Mrdfx, my EA seems to be opening just about two trades per day, I copied the set file you uploaded to my EA, and that's what i use presently. But when i check your TE, you seem to have lot more open trades than i do, though my system is relatively online, my platform is open and connected to the internet most of the day. I also have Auto trading enabled. Please any ideas what to do??
Did you copy only the 1 set file or both? I'm running 2 charts on H4 in the TE. When did you start your trades? If you started after Monday you could have missed on some signals.
Truth is like poetry. And most people f*cking hate poetry.
  • #2,836
  • Feb 21, 2018 3:56pm Feb 21, 2018 3:56pm
Quoting mrdfx
{quote} Did you copy only the 1 set file or both? I'm running 2 charts on H4 in the TE. When did you start your trades? If you started after Monday you could have missed on some signals.
I copied both of the set files, but i'm currently the first one. This is what i have currently running on the EA
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Wisdom is profitable in all things
  • #2,837
  • Feb 22, 2018 2:45am Feb 22, 2018 2:45am
Quoting mrdfx
{quote} Did you copy only the 1 set file or both? I'm running 2 charts on H4 in the TE. When did you start your trades? If you started after Monday you could have missed on some signals.
Please do you use a VPS, I'm pretty sure i must have missed out on some trades for those brief moments when my system goes to sleep, or loses internet connectivity. EA has been profiting so far, I just want to be able to get on as much trades as possible without missing out
Wisdom is profitable in all things
  • #2,838
  • Feb 22, 2018 3:32am Feb 22, 2018 3:32am
Quoting wittybiz
Hi @Mrdfx, my EA seems to be opening just about two trades per day, I copied the set file you uploaded to my EA, and that's what i use presently. But when i check your TE, you seem to have lot more open trades than i do, though my system is relatively online, my platform is open and connected to the internet most of the day. I also have Auto trading enabled. Please any ideas what to do??
are you using VPS?
inspect the expert log to see any error message.
  • #2,839
  • Feb 22, 2018 5:37am Feb 22, 2018 5:37am
just open an account and put some money on the table 500usd and using your set file...my mt4 is open on vps and hope i will get same good profit
lets all have some good trades
i will keep u folks updated
  • #2,840
  • Feb 22, 2018 6:56am Feb 22, 2018 6:56am
Running on demo now at Darwinex. Looks good so far with very high profit.

Congrats on a good system.
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