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Simple Daily Trend Reversal Trading System

  • #3,181
  • Mar 18, 2018 4:15pm Mar 18, 2018 4:15pm
Attached are real results from real account. Thanks for mrdfx and ebeckers and other contributors to this great indicator. I have configured settings, which I like the best and often manually manage the trades. This is 90% there to be a holy grail. Don't gamble...learn/observe and the rest is yours for taking. I upped the ante on the lot size today. Will continue to do so as I learn this more.
Attached Image
  • #3,182
  • Mar 18, 2018 4:33pm Mar 18, 2018 4:33pm
@karmism: To compare your Settings with the Settings posted here in the thread - could attach yours here in a post ?
  • #3,183
  • Mar 19, 2018 12:01am Mar 19, 2018 12:01am
I'm testing on IC market ECN Demo and Live account, but the signals seems different from live and demo, anyone know whats the reason for this
Demo
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4 Demo.png Size: 73 KB



Live
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 4 Live.png Size: 75 KB
Failure is not failure if you learn from it...
  • #3,184
  • Mar 19, 2018 12:35am Mar 19, 2018 12:35am
Quoting suneth2
I'm testing on IC market ECN Demo and Live account, but the signals seems different from live and demo, anyone know whats the reason for this Demo {image} Live {image}
Live feed is always harder. Its normal. If a broker dont put an easy feed in demo nobody will believe be rich...
Try don't lose pants never...
  • #3,185
  • Mar 19, 2018 12:57am Mar 19, 2018 12:57am
Quoting braintheboss
{quote} Live feed is always harder. Its normal. If a broker dont put an easy feed in demo nobody will believe be rich...
You mean demo feed is better, if it is can we use a trade copier like FX Blue Trade copy sender on demo account and use FX Blue Trade copy receiver on live account to get that advantage
Failure is not failure if you learn from it...
  • #3,186
  • Mar 19, 2018 1:23am Mar 19, 2018 1:23am
Quoting suneth2
{quote} You mean demo feed is better, if it is can we use a trade copier like FX Blue Trade copy sender on demo account and use FX Blue Trade copy receiver on live account to get that advantage
Its an option
Try don't lose pants never...
  • #3,187
  • Mar 19, 2018 2:32am Mar 19, 2018 2:32am
Hello,

Great tool you built here!!
I am new in this thread.
I launched the Ea in a demo acc at FXCM.

CADCHF all is green now. Should n't be the valid box green also and enter a trade?

Maybe i miss something.

Tx

S
  • #3,188
  • Mar 19, 2018 3:10am Mar 19, 2018 3:10am
@mrdfx

Open over the weekend seems never a good idea.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,189
  • Mar 19, 2018 4:09am Mar 19, 2018 4:09am
Quoting suneth2
I'm testing on IC market ECN Demo and Live account, but the signals seems different from live and demo, anyone know whats the reason for this Demo {image} Live {image}
As below I have Live & Demo in IC and the pair looks pretty much the same to me ...
Attached Image (click to enlarge)
Click to Enlarge Name: Comparison.png Size: 83 KB
When you are successful perhaps give a thought to others ... Kiva dot org
  • #3,190
  • Mar 19, 2018 4:15am Mar 19, 2018 4:15am
Quoting FxMadness
But again right after entering the trades go in drawdown which for a trend trading system should not be necessary.
You need to rethink what happens during a trend when viewed in a single time frame.
1. A 1st thrust leg is formed, setting the trend direction.
2. A retracement occurs, typically back about 50%.
3. A 2nd thrust leg is formed, returning to the trend direction.

Therefore, it is not only normal for your trade to go into drawdown in a trend trade system if you entered on thrust leg1, but its is EXPECTED and NORMAL to go into drawdown as the retracement leg runs.

However, if you want to have lower probablity of falling into such a large drawdown when trading the H4 chart, monitor the H1 chart. On H1, you will clearly see the 1st thrust leg of the H4 as a trend. Subsequently, the H4 retracement leg will be seen on H1 as a NEW TREND in the opposite direction. When this H4 retracement completes, you will see on H1 a RETURN TREND to the same direction as the H4 1st thrust leg. With this knowledge, you now have the opportunity to take 3 profitable trades.
The H4 1st thrust leg (but you will likely enter a bit a late).
The H4 retracement leg (but be alert for it ending.
The H4 2nd thrust leg (you likely will get a good entry on this because you have been watching for the retracement leg to end).

Note that on the H1 trend leg that matches the H4 1st thrust leg, you can look at the M15 and ALSO see it typically makes a first trend in the direction of the 1st H1 movement, then M15 makes a NEW TREND in the opposite direction that is seen on the H1 as a mere RETRACEMENT (of about 50%), followed by the H1 making a new trend leg back in the original direction (which is seen on the H1 as a return to the trend).

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #3,191
  • Mar 19, 2018 4:17am Mar 19, 2018 4:17am
Quoting PayItForward
{quote} As below I have Live & Demo in IC and the pair looks pretty much the same to me ... {image}
Think many brokers use live feed on demo accounts, I know ETX are one, perhaps applying for a demo is the reason, I do know if you open a demo with Metatrader their prices differ from that of the live, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,192
  • Mar 19, 2018 4:22am Mar 19, 2018 4:22am
Quoting detector
{quote} Think many brokers use live feed on demo accounts, I know ETX are one, perhaps applying for a demo is the reason, I do know if you open a demo with Metatrader their prices differ from that of the live, D
Both these accounts were opened direct with IC, anyway for me they match, so who knows ...
When you are successful perhaps give a thought to others ... Kiva dot org
  • #3,193
  • Mar 19, 2018 4:52am Mar 19, 2018 4:52am
Quoting PayItForward
{quote} As below I have Live & Demo in IC and the pair looks pretty much the same to me ... {image}
You have small differences always. If you use a PA tool is easy to see. One is demo and the other real...
Attached Image (click to enlarge)
Click to Enlarge Name: descarga.jpg Size: 104 KB
Try don't lose pants never...
  • #3,194
  • Mar 19, 2018 5:14am Mar 19, 2018 5:14am
Quoting beethoven
strange the version 1.21 still have some bug the EA executed EJ but not CJ {image}
I haven't still any execution today. Not CJ nor EJ. Is it H4 the timeframe you work with?



toni
  • #3,195
  • Mar 19, 2018 5:18am Mar 19, 2018 5:18am
Quoting beethoven
strange the version 1.21 still have some bug the EA executed EJ but not CJ {image}
If i remember correctly the last trade on CJ was also a buy.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,196
  • Mar 19, 2018 5:22am Mar 19, 2018 5:22am
Quoting beethoven
yes toni GMT+2 EJ already locked profit i don't know if i take CJ manually will the EA put it to his trailing may be you know?
No it wont.
Manual trading has magic number 0.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,197
  • Mar 19, 2018 5:57am Mar 19, 2018 5:57am
Well! 2 Trades opened so far today CADCHF and USDJPY let's see how it ends (I'm at work actually xD)
Building a Freedom All Time Return: 5,178.8%
  • #3,198
  • Mar 19, 2018 6:37am Mar 19, 2018 6:37am
As always late again, no trades triggerd, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,199
  • Mar 19, 2018 6:39am Mar 19, 2018 6:39am
Quoting J1mm
Well! 2 Trades opened so far today CADCHF and USDJPY let's see how it ends (I'm at work actually xD)
Hopefully double time Jimm, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,200
  • Mar 19, 2018 6:48am Mar 19, 2018 6:48am
Quoting detector
{quote} Hopefully double time Jimm, D
What do you mean by double time?

Cheers!
Building a Freedom All Time Return: 5,178.8%
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