Simple Daily Trend Reversal Trading System | Page 152 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

Day Trading system - Simple system to make money 51 replies

Vince's Simple REVERSAL Strategy on Daily Chart... 8 replies

Simple, Profitable BB Reversal System: 25 replies

Simple Daily Trend System 14 replies

Attachments: Simple Daily Trend Reversal Trading System
Exit Attachments

Simple Daily Trend Reversal Trading System

  • #3,021
  • Mar 5, 2018 9:51am Mar 5, 2018 9:51am
Quoting AngelicaMari
{quote} Hello Boys, maybe I am looking at this wrong but I also thought EG was a valid trade with the EA. Maybe it is a broker thing but I thought if all the boxes were lit up it should have taken the trade. I am checking out your EA on a demo account and still learning so please don't attack me. Cheers {image}
Check your news setting as you have it enabled, perhaps that is preventing the EA from opening orders on that pair.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,022
  • Mar 5, 2018 12:00pm Mar 5, 2018 12:00pm
Many things can cause the EA to not open a trade, even when signal is valid:

like:
- spread is too high (you can set the max. spread in the settings)
- Re-entry on same pair might be disabled in the settings
- time filter might prevent EA from opening new trades
- news filter might prevent EA from opening new trades
  • #3,023
  • Mar 5, 2018 12:12pm Mar 5, 2018 12:12pm
Looks like we have some action on this lazy Monday afternoon.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,024
  • Mar 5, 2018 1:11pm Mar 5, 2018 1:11pm
This morning we had medium news on EUR. Think that was the reason.
I include "medium news" in the settings. Look at yours.

Now I have some action on 5 pairs...
  • #3,025
  • Mar 5, 2018 2:00pm Mar 5, 2018 2:00pm
Quoting ebeckers
Many things can cause the EA to not open a trade, even when signal is valid: like: - spread is too high (you can set the max. spread in the settings) - Re-entry on same pair might be disabled in the settings - time filter might prevent EA from opening new trades - news filter might prevent EA from opening new trades
Yup your right, it did finally go after I posted. Now it is in the green on my demo account. Thank you
  • #3,026
  • Mar 5, 2018 5:19pm Mar 5, 2018 5:19pm
I'm running 2EAs in one account on vps, both with same settings except money management part. but I noticed that, a few hours ago, one of them entered 4 trades(which are the same as mrdfx's TE) and the other entered 5 trades with extra AUDCHF trade. It's a bit weird because both EAs have exactly same entry settings and when you see the dashboard, even though there's no green signal on SR in AUDCHF pair my first ea has entered the trade.
any idea why this happened?
Attached Image (click to enlarge)
Click to Enlarge Name: 05ea8dc8147a1babd1cafcb1545898d2.png Size: 24 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 28098f9706865792da905d91da6cc7bb.png Size: 23 KB
  • #3,027
  • Mar 5, 2018 5:57pm Mar 5, 2018 5:57pm
Quoting totory123
I'm running 2EAs in one account on vps, both with same settings except money management part. but I noticed that, a few hours ago, one of them entered 4 trades(which are the same as mrdfx's TE) and the other entered 5 trades with extra AUDCHF trade. It's a bit weird because both EAs have exactly same entry settings and when you see the dashboard, even though there's no green signal on SR in AUDCHF pair my first ea has entered the trade. any idea why this happened? {image}{image}
Does it show anything in the experts log?
Truth is like poetry. And most people f*cking hate poetry.
  • #3,028
  • Mar 5, 2018 6:31pm Mar 5, 2018 6:31pm
Quoting mrdfx
{quote} Does it show anything in the experts log?
this is the log regarding AUDCHF trade
nothing unusual, I guess?

2018.03.05 18:00:00.390 Simple Daily Trend Reversal v1.20 EURUSD,H4: AUDCHF -> place buy order
2018.03.05 18:00:00.390 Simple Daily Trend Reversal v1.20 EURUSD,H4: AUDCHF open buy trade @0.72920 sl:0.72441
2018.03.05 18:00:00.390 Simple Daily Trend Reversal v1.20 EURUSD,H4: Use FixedAmount 15.0 lots:0.0
2018.03.05 18:00:00.390 Simple Daily Trend Reversal v1.20 EURUSD,H4: Base currency is AUD and the Counter currency is CHF (this pair is a major)
2018.03.05 18:00:00.390 Simple Daily Trend Reversal v1.20 EURUSD,H4: AUDCHF CalcLotSize buy: type:1 amount:15.00 sl price:0.72441 ask:0.72920sl pips46.90
2018.03.05 18:00:00.390 Simple Daily Trend Reversal v1.20 EURUSD,H4: AUDCHF Open buy order lots:0.02 price:0.7292 sl:0.0 tp:0.0
2018.03.05 18:00:00.593 Simple Daily Trend Reversal v1.20 EURUSD,H4: open #49356353 buy 0.02 AUDCHF at 0.72919 ok
2018.03.05 18:00:00.593 Simple Daily Trend Reversal v1.20 EURUSD,H4: AUDCHF Trail: Add order ticket:49356353 op:0.72919 sl:0.72441
Attached Image (click to enlarge)
Click to Enlarge Name: 3f9281fb436c80bdc2417e5d6a67ac89.png Size: 51 KB
  • #3,029
  • Mar 5, 2018 7:18pm Mar 5, 2018 7:18pm
Quoting ebeckers
Many things can cause the EA to not open a trade, even when signal is valid: like: - spread is too high (you can set the max. spread in the settings) - Re-entry on same pair might be disabled in the settings - time filter might prevent EA from opening new trades - news filter might prevent EA from opening new trades
Hello ebecker,
if I want to set Order TS1 to -40 if it reaches certain pips, do you think this will cause a problem.
I tried doing it today and it messed up the complete trailing stop setting as it did not set dynamic TS at 30pips even when it crossed 40 as it was supposed to happen. Earlier this was working fine when I did not use negative value in TS. Any suggestions.
  • #3,030
  • Mar 5, 2018 11:34pm Mar 5, 2018 11:34pm
Quoting totory123
{quote} this is the log regarding AUDCHF trade nothing unusual, I guess? 2018.03.05 18:00:00.390 Simple Daily Trend Reversal v1.20 EURUSD,H4: AUDCHF -> place buy order 2018.03.05 18:00:00.390 Simple Daily Trend Reversal v1.20 EURUSD,H4: AUDCHF open buy trade @0.72920 sl:0.72441 2018.03.05 18:00:00.390 Simple Daily Trend Reversal v1.20 EURUSD,H4: Use FixedAmount 15.0 lots:0.0 2018.03.05 18:00:00.390 Simple Daily Trend Reversal v1.20 EURUSD,H4: Base currency is AUD and the Counter currency is CHF (this pair is a major) 2018.03.05 18:00:00.390 Simple...
Mine also running both EAs with set files provided by mrdfx. Simple H4 2 (Trailining) has opened AUDCHF, while H4 1 (1 to 1 RRR) doesn't open it.
I tried compare the set files, all are exactly the same, difference is Trailing method and TakeProfit method.
  • #3,031
  • Edited 3:25am Mar 6, 2018 2:29am | Edited 3:25am
Quoting happytrade38
{quote} Mine also running both EAs with set files provided by mrdfx. Simple H4 2 (Trailining) has opened AUDCHF, while H4 1 (1 to 1 RRR) doesn't open it. I tried compare the set files, all are exactly the same, difference is Trailing method and TakeProfit method.
For me it's the other way around. The EA which opened AUDCHF trade has RR 1:1 setting and the one with trailing stop didn't open it.
so I guess it's not the stop loss settings that caused this problem?
  • #3,032
  • Edited 8:39am Mar 6, 2018 8:17am | Edited 8:39am
I got a sell signal for EURNZD at 16:00 and EAs didn't open any trade, anyone experiencing this?
Attached Image (click to enlarge)
Click to Enlarge Name: 7276e0a7a161356a0306615093b3ce1c.png Size: 18 KB
  • #3,033
  • Mar 6, 2018 12:30pm Mar 6, 2018 12:30pm
@ebeckers or mrdfx. Is there a version of the EA that can be used for a single chart at a time? I'd like to use a MTF approach with the EA i.e take trades on the lower time frame in the direction of a confirmed signal in the higher time frame.
  • #3,034
  • Edited 5:44pm Mar 6, 2018 5:29pm | Edited 5:44pm
Attached Image (click to enlarge)
Click to Enlarge Name: demoresults.png Size: 58 KB


These are the latest results of one of my demos - after 12 winners in a row ... look the table above and its easily to recognize: any trade management using a RR lower then 1 will sooner or later prevent constant earnings or in worst case kill the account - in my case posted here: 30 pips TP + 60 pips SL means RR=0.5 ! It makes absolutely no sense to let the loosers run and cut the winners !!!

(Btw I wouldn't use a SL set at the last candle high or low, bcz the numbers can be to high, perhaps its better to prefer a fix SL - by this way a correct RR is guaranteed)
  • #3,035
  • Edited 6:50pm Mar 6, 2018 6:22pm | Edited 6:50pm
Quoting DerBerliner
{image} These are the latest results of one of my demos - after 12 winners in a row ... look the table above and its easily to recognize: any trade management using a RR lower then 1 will sooner or later prevent constant earnings or in worst case kill the account - in my case posted here: 30 pips TP + 60 pips SL means RR=0.5 ! It makes absolutely no sense to let the loosers run and cut the winners !!! (Btw I wouldn't use a SL set at the last candle high or low, bcz the numbers can be to high, perhaps its better to prefer a fix SL - by this way a...
agree, I had read many posts saying trades from small gain (like 20-30 pips) to huge lost (+50 pips) I think as long as you set the good RR, this EA will benefit you. this only my two cents.
  • #3,036
  • Mar 7, 2018 2:08am Mar 7, 2018 2:08am
H 1 . SMA 34. MBFX 28, ZigZag 233.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1-ifcmarkets-corp.png Size: 47 KB
  • #3,037
  • Edited 4:37am Mar 7, 2018 4:04am | Edited 4:37am
Quoting benjaminyaon
{quote} agree, I had read many posts saying trades from small gain (like 20-30 pips) to huge lost (+50 pips) I think as long as you set the good RR, this EA will benefit you. this only my two cents.
Bro, simply look the numbers only in the table in my post - the bigger winners are killed by the loosers (and that will happen again and again !). To compensate the loosers you must have a lot more winners - but high win rates dont occure often enough. My words about the RR have nearly nothing to do with this concrete EA .... it's simply a general rule of (trading) statistics, that is in force in any case in any trading.
  • #3,038
  • Mar 7, 2018 7:07am Mar 7, 2018 7:07am
Quoting valseva
H 1 . SMA 34. MBFX 28, ZigZag 233. {image}
Why these settings?
  • #3,039
  • Mar 7, 2018 7:12am Mar 7, 2018 7:12am
Quoting totory123
I got a sell signal for EURNZD at 16:00 and EAs didn't open any trade, anyone experiencing this?{image}
Totory,
Check the spread on this pair. It might be above the maximum. I just looked at the pair and right now my broker is quoting a 7.5 pip spread. Check the Experts log & see if it lists a reason why the trade wasn't taken.
  • #3,040
  • Mar 7, 2018 7:58am Mar 7, 2018 7:58am
Quoting olvus
{quote} Why these settings?
The logic of the inputs to H1 follows from the logic of the input to H4,
Attached Image (click to enlarge)
Click to Enlarge Name: 1eurusd-h1-ifcmarkets-corp.png Size: 42 KB
1 trader viewing now