Simple Daily Trend Reversal Trading System | Page 157 | 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

  • #3,121
  • Mar 14, 2018 12:41pm Mar 14, 2018 12:41pm
It's interesting to note that I have picked up differences between live, and demo accounts.

I got the signal for NZDJPY sell on my live account, but not on my demo. When comparing I could see there was a slight difference between the panels.

On demo there is no valid signal for NZDJPY as SR is not confirmed, but on live it is.

When checking the chart on demo, and live the S&R levels were indeed different. I hope ebeckers can explain to us why as the S&R indicator is his ,and the filter was his addition to the EA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Demo.png Size: 70 KB
Click to Enlarge Name: Demo 2.png Size: 159 KB
Click to Enlarge Name: Live.png Size: 62 KB
Click to Enlarge Name: Live 2.png Size: 158 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #3,122
  • Mar 14, 2018 12:49pm Mar 14, 2018 12:49pm
NZDJPY as SR is not confirmed - live acc xm.com
Attached Image (click to enlarge)
Click to Enlarge Name: o.jpg Size: 71 KB
  • #3,123
  • Mar 14, 2018 12:55pm Mar 14, 2018 12:55pm
Quoting mrdfx
It's interesting to note that I have picked up differences between live, and demo accounts. I got the signal for NZDJPY sell on my live account, but not on my demo. When comparing I could see there was a slight difference between the panels. On demo there is no valid signal for NZDJPY as SR is not confirmed, but on live it is. When checking the chart on demo, and live the S&R levels were indeed different. I hope ebeckers can explain to us why as the S&R indicator is his ,and the filter was his addition to the EA. {image} {image} {image} {image}
I opened a pepper live account (waiting for confirmation) to observe this behavior but could it be the #bars in history ?
Look at the sizes in the history folder to see if PPS is possibly just scr*îng with you.

If that is not the case, S&R is usually based on "time range/ price high,low" but you have to dig really deep to find the difference between demo and live.
In fact you have to write (or find) a program for that.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,124
  • Mar 14, 2018 1:24pm Mar 14, 2018 1:24pm
Quoting FxMadness
{quote} I opened a pepper live account (waiting for confirmation) to observe this behavior but could it be the #bars in history ? Look at the sizes in the history folder to see if PPS is possibly just scr*îng with you. If that is not the case, S&R is usually based on "time range/ price high,low" but you have to dig really deep to find the difference between demo and live. In fact you have to write (or find) a program for that.
Both demo and live platforms are running the same max history bars, and both accounts have had the force load history script done a while back.

I really don't know why there would be a difference even with the same broker. Weird...
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-03-14 at 15.21.44.png Size: 42 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #3,125
  • Mar 14, 2018 2:28pm Mar 14, 2018 2:28pm
Quoting mrdfx
{quote} Ruckstar see below for a more detailed explanation of the trailing stop. It uses a hidden / virtual stoploss. This allows you to put the stop loss anywhere without the broker knowing, and without any broker restrictions. So when the EA places a new order then the initial hidden/virtual stoploss is placed at: - The previous high/low when stopLossAtPreviousHigh_Low = true - Or at OrderHiddenSL pips, when stopLossAtPreviousHigh_Low = false When trade gets into profit we trail the hidden / virtual stoploss like this: When profit reaches Order...
Thank You Lord!!! Makes sense, and I will adjust accordingly. Thanxx mrdfx
  • #3,126
  • Mar 14, 2018 2:37pm Mar 14, 2018 2:37pm
Quite madly the AUD/JPY eventually kicked in, according to the TE, it was taken hours before it showed on my panel, about an hour or so ago, 83.81 was the entry, while the TE entry stop, wasn't triggerd it would be interesting if it opened a second time around, similar price of entry but hours apart, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,127
  • Mar 14, 2018 5:01pm Mar 14, 2018 5:01pm
Quoting mrdfx
It's interesting to note that I have picked up differences between live, and demo accounts. I got the signal for NZDJPY sell on my live account, but not on my demo. When comparing I could see there was a slight difference between the panels. On demo there is no valid signal for NZDJPY as SR is not confirmed, but on live it is. When checking the chart on demo, and live the S&R levels were indeed different. I hope ebeckers can explain to us why as the S&R indicator is his ,and the filter was his addition to the EA. {image} {image} {image} {image}...
Feeds always have some differences but really if you are affected is mainly by use of shadows and not close prices in SR. When a broker fake a candle price not fake the close, fake the high/low ( yes, fake all candle but the big difference is always in shadows )...
Try don't lose pants never...
  • #3,128
  • Mar 14, 2018 6:35pm Mar 14, 2018 6:35pm
I have the EA running on two live accounts both of them on the same broker and the same server but the only difference is one is USD ECN and the other is GBP Standard. I am running the EA with the two set files attached by mrdfx and there something I can't explain. for example yesterday I had a valid signal to buy EURAUD in both set file (SIMPLE EA H4 1 and SIMPLE EA H4 2) for the USD account but only valid signal for SIMPLE EA H4 1 in the GBP account. also another issue happened today I had a valid sell AUDJPY signal on both set file (SIMPLE EA H4 1 and SIMPLE EA H4 2) on both account. in the USD account the SIMPLE EA H4 1 signal was closed in profit after few hours but the SIMPLE EA H4 1 signal on the GBP account hasn't closed yet despite of in profit
  • #3,129
  • Mar 14, 2018 10:57pm Mar 14, 2018 10:57pm
Quoting SamFx79
I have the EA running on two live accounts both of them on the same broker and the same server but the only difference is one is USD ECN and the other is GBP Standard. I am running the EA with the two set files attached by mrdfx and there something I can't explain. for example yesterday I had a valid signal to buy EURAUD in both set file (SIMPLE EA H4 1 and SIMPLE EA H4 2) for the USD account but only valid signal for SIMPLE EA H4 1 in the GBP account. also another issue happened today I had a valid sell AUDJPY signal on both set file (SIMPLE EA...
Check the RR parameters of both set files carefully, and you'll see the difference, one of them uses a Risk reward method with a fixed RR of 1:1, the other uses a Trailing stop method with a RR of 2:1
Wisdom is profitable in all things
  • #3,130
  • Mar 15, 2018 2:14am Mar 15, 2018 2:14am
I dont pay attention to 15 moving avarage cross so much anymore, more on PA . I can test it this way by now. Lets see
  • #3,131
  • Mar 15, 2018 2:35am Mar 15, 2018 2:35am
Hello everybody! Tell me, the default SR settings?
  • #3,132
  • Mar 15, 2018 4:31am Mar 15, 2018 4:31am
i think the EA has still some bugs. every time you attach this EA to chart ,it ll give different signals.yesterday i noticed there was a valid AUDJPY signal it opened trade but when i closed the trade ,removed the EA & attached it again to the same chart AUDJPY was gone,its was not even on the list .

people are complaining they are getting different signals using the same SET. file due to different brokers. i don't understand how is it possible if we are using the same strategy to trade .please anyone explain me?even people are using the same brokers same settings to trade still they are getting different signals that's surely show it has still some bugs. this EA uses a Trading strategy to enter trade,that mean when all condition met all users should get the same signal no matter which broker they use.Spread & Time GMT offset are the only reason i see using different brokers but it doesn't really matter when such strong condition is met according to the strategy.

this EA is the best automated system i have seen in here.giving constant profit.i wish this EA gives same signals to everyone no matter which brokers we use.i wish anyone code it that way.
  • #3,133
  • Mar 15, 2018 4:41am Mar 15, 2018 4:41am
Quoting theChamp
i think the EA has still some bugs. every time you attach this EA to chart ,it ll give different signals.yesterday i noticed there was a valid AUDJPY signal it opened trade but when i closed the trade ,removed the EA & attached it again to the same chart AUDJPY was gone,its was not even on the list . people are complaining they are getting different signals using the same SET. file due to different brokers. i don't understand how is it possible if we are using the same strategy to trade .please anyone explain me?even people are using the same brokers...
EAs read price feeds and they never are same then only way you have same behavior is use same feed
Try don't lose pants never...
  • #3,134
  • Edited 5:22am Mar 15, 2018 4:43am | Edited 5:22am
Quoting mrdfx
{quote}
- The previous high/low when stopLossAtPreviousHigh_Low = true
- Or at OrderHiddenSL pips, when stopLossAtPreviousHigh_Low = false
Hi mrdfx
thanks for the Explanation. Unfortunately I canīt find the option. Maybe the tree in the forest :-)
Can someone help?
  • #3,135
  • Mar 15, 2018 5:25am Mar 15, 2018 5:25am
Quoting Bullilulli
{quote} Hi mrdfx thanks for the Explanation. Unfortunately I canīt dind the Option. Maybe the tree in the forest :-) Can someone help?
"It uses a hidden / virtual stoploss. This allows you to put the stop loss anywhere without the broker knowing, and without any broker restrictions."
This is the reason you cannot find it, all are written in the code with a "input" in the settings of the EA panel, these present settings are being tested "live", look on the Trade Explorer (TE) above, D
Attached Image (click to enlarge)
Click to Enlarge Name: TDI.png Size: 46 KB
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,136
  • Mar 15, 2018 6:50am Mar 15, 2018 6:50am
Quoting detector
{quote} "It uses a hidden / virtual stoploss. This allows you to put the stop loss anywhere without the broker knowing, and without any broker restrictions." This is the reason you cannot find it, all are written in the code with a "input" in the settings of the EA panel, these present settings are being tested "live", look on the Trade Explorer (TE) above, D {image}
Itīs clear - thank you!
Problem was the description of the Option. I looked for the other text.
  • #3,137
  • Mar 15, 2018 8:29am Mar 15, 2018 8:29am
Quoting Bullilulli
{quote} Itīs clear - thank you! Problem was the description of the Option. I looked for the other text.
Edited for less confusion.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,138
  • Mar 15, 2018 11:33am Mar 15, 2018 11:33am
I almost forgot to check, but guys we have now passed the first month of LIVE testing!

Man time flies hahaha.

Well what can I say? Lets the results speak for themselves?

+90% growth in the first month of live testing.

It's been an interesting month with a few losses along the way, but overall its been pretty successful IMO. I think the strategy has proven itself, and the EA is working well, all thanks once again to ebeckers for creating this great EA to help maximize the strategy!

Now... looking back, and checking the past performance, do I think the strategy is perfect? No I don't, there is no such thing, but providing you follow the rules it will be profitable. There is a weakness to the strategy, and that's when a trend reversal is rejected, or when a pair is in a parabolic trend with fake reversals and continuations, then this strategy fails unfortunately, but the thing is how can one identify a fake reversal, and it is just a temporary pullback an then continuation? When this happens the trade will lose based on the strategy. If we can somehow identify when this happens, and avoid entering those trades we will minimize the losses a lot.

For now though until we can figure this part out, using proper risk management will help to mitigate those losses from the fake reversal trades. All in all I'm pretty happy with the results of this strategy, and what the EA can do, and the results speak for themselves.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-03-15 at 13.20.41.png Size: 194 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #3,139
  • Mar 15, 2018 11:47am Mar 15, 2018 11:47am
Hey guys...first post. Long time crypto trader and diversifying into forex. I'm reading through this strat's thread now, and I'm definitely intrigued. Still learning to use the MT4 platform and integrate templates, indicators and the EA. Thanks for sharing all that you are. Now, I have 157 pages of posts to read...haha. Trade safe!
  • #3,140
  • Mar 15, 2018 11:47am Mar 15, 2018 11:47am
Quoting mrdfx
Guys when some of you ask me questions and I don't reply, its not that I'm ignoring you. 99% of the time when you ask me something the answer can be found in the thread as it has already been discussed, or your answer can be found by reading the first post properly. If not then I'll happily reply, but if I don't then you know your answer is inside the thread somewhere if you read back. The thread is only 138 pages which is not that much if you think about it, so take some time and read.


This still applies.
Truth is like poetry. And most people f*cking hate poetry.
0 traders viewing now