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Simple Daily Trend Reversal Trading System

  • #3,281
  • Mar 20, 2018 11:36am Mar 20, 2018 11:36am
What can I say ?

Remeber this wisdom: "A Basic Rule for any trading - Avoid two days: Monday is a bad day for trading ... and Yes, Friday as well ! The other bad days + to avoid, are: TUESDAY, WEDNESDAY and THURSDAY !!!"

  • #3,282
  • Mar 20, 2018 11:42am Mar 20, 2018 11:42am
Quoting J1mm
Is anyone getting good results this week? So far only loses! {image}
Where are you seen loss today? You have just little DD temporally. I have big WIN today.
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  • #3,283
  • Mar 20, 2018 11:52am Mar 20, 2018 11:52am
v1.31 - PIN supports prefix in pairs
Attached File(s)
File Type: ex4 SimpleDailyTrendReversal.ex4   221 KB | 864 downloads
File Type: zip TrendReversal.zip   48 KB | 1,013 downloads
Try don't lose pants never...
  • #3,284
  • Mar 20, 2018 11:59am Mar 20, 2018 11:59am
Quoting mrdfx
{quote} You expect everyday win? This is not holy grail, it is a tool to add to your trading, not something to replace your trading. No system is 100% so of course will have some days that we will lose, and it's completely normal, but if you use good MM your losses will not kill your profits. We've been having great results lately so to have loss from a false reversal etc can be expected. Manage your risk and let things run.
Its doing it well. Really I didnt see other EA in real account survive a hard market like last month. EA needs improve "bad" moments but the base is very good, no doubts about that...
Try don't lose pants never...
  • #3,285
  • Mar 20, 2018 12:43pm Mar 20, 2018 12:43pm
braintheboss.Thank you for the V1.31 update.

Could you tell us how the PIN supports prefix in pairs would work plz.

We appreciate your generosity.
  • #3,286
  • Mar 20, 2018 12:44pm Mar 20, 2018 12:44pm
Quoting majamivice
{quote} Where are you seen loss today? You have just little DD temporally. I have big WIN today. {image}{image}
No problem with the closed trades over the past two days thus far which does say something about the strategy.
Open trades are just in a bit of a DD but still less than the already secured profit.
But i will monitor the carefully.
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I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,287
  • Edited 4:49pm Mar 20, 2018 12:47pm | Edited 4:49pm
Quoting Monty13
braintheboss.Thank you for the V1.31 update. Could you tell us how the PIN supports prefix in pairs would work plz. We appreciate your generosity.
Its something internal. You only place EA in any broker and EA will send signals to EAX even if broker have suffix. You dont have do anything
Try don't lose pants never...
  • #3,288
  • Mar 20, 2018 1:08pm Mar 20, 2018 1:08pm
Quoting braintheboss
{quote} It something internal. You only place EA in any broker and EA will send signals to EAX even if broker have prefix. You dont have do anything
Suffix ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,289
  • Mar 20, 2018 1:12pm Mar 20, 2018 1:12pm
Quoting FxMadness
{quote} Suffix ?
EAX only support pins without suffix. Yes, typo mistake...
Try don't lose pants never...
  • #3,290
  • Mar 20, 2018 1:22pm Mar 20, 2018 1:22pm
Quoting braintheboss
{quote} It something internal. You only place EA in any broker and EA will send signals to EAX even if broker have suffix. You dont have do anything
  • #3,291
  • Mar 20, 2018 1:41pm Mar 20, 2018 1:41pm
hi mrdfx, can we have max no.of trades allowed feature in it? Only top 3-4 signals (user choice) on the panel will be taken & traded . i know trading it on less TF like 30min or 1hr will give more signals ,but those signals ll be less accurate than 4hr .its best in 4hr till we know.i can see many trades opened right now which will surely increase account's Drawdown (RISK) IF ACCOUNT BALANCE IS LESS.i personally don't like to trade more pairs together.3-4 pairs, max 5 at a time is enough for me.
i think the Money Management system in it ,is the key feature making it run till now so successfully ,you have done a nice job.Just add this feature in it ll be awesome .

Just an idea
Thanks
  • #3,292
  • Mar 20, 2018 2:00pm Mar 20, 2018 2:00pm
Quoting theChamp
hi mrdfx, can we have max no.of trades allowed feature in it? Only top 3-4 signals (user choice) on the panel will be taken & traded . i know trading it on less TF like 30min or 1hr will give more signals ,but those signals ll be less accurate than 4hr .its best in 4hr till we know.i can see many trades opened right now which will surely increase account's Drawdown (RISK) IF ACCOUNT BALANCE IS LESS.i personally don't like to trade more pairs together.3-4 pairs, max 5 at a time is enough for me. i think...
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  • #3,293
  • Mar 20, 2018 2:45pm Mar 20, 2018 2:45pm
Quoting FxMadness
{quote} No problem with the closed trades over the past two days thus far which does say something about the strategy. Open trades are just in a bit of a DD but still less than the already secured profit. But i will monitor the carefully. {image}
What are you settings, Madness? Or you have both presets that mrdfx sent loaded?

Thanks a lot for your time
Building a Freedom All Time Return: 5,178.8%
  • #3,294
  • Mar 20, 2018 3:46pm Mar 20, 2018 3:46pm
Quoting J1mm
{quote} What are you settings, Madness? Or you have both presets that mrdfx sent loaded? Thanks a lot for your time
mrdfx settings but with testing a faster exit method.

Without the news filter because trading H4 and having a news filter stopping trade entries 60 mins before and after does not make sense to me.
A news "filter" on long term trading should be used to exit trades or set a tighter stoploss if news is going to hit.

As regard to money management i do not use total trades, max pairs or things like that.
I use max exposure to a currency.

Every currency has 7 pairs and it would not make sense if you have fi. max trades 7 and all of those 7 trades are against or for a single currency.
(That's casino talk "everything on black");
That currency could make a sudden move and you could be stuck with 7 losers.
So i use max exposure to currency.
As example if i have 3 trades against the jpy that's the max, a fourth against the jpy will not be opened.

I'll keep the community informed on how it goes.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,295
  • Mar 20, 2018 3:52pm Mar 20, 2018 3:52pm
FXMadness

Your changes make sense to me

What is the faster exit method you are using? IS it less pips TP? If so does that also impact the SL?

The other thing I have noticed is that the 15MA may be a bit tight for a 4Hr TF. Have you thought about changing that (21 or 34 LWMA as an example)?
  • #3,296
  • Mar 20, 2018 3:52pm Mar 20, 2018 3:52pm
Quoting zorndyke
{quote} did you registering virtual server from mt4 terminal? if yes then probably becase they're not allowed DLL import. https://www.mql5.com/en/vps/rules {quote} {quote} this SDTR EA need acces to wininet.dll, if this is your problem, find another vps provider that allowed dll import
Yes, I did rent MT4 from mt4 terminal. Anyone else rent VPS from MT4 and have some issue?
  • #3,297
  • Mar 20, 2018 3:56pm Mar 20, 2018 3:56pm
Quoting FxMadness
{quote} mrdfx settings but with testing a faster exit method. Without the news filter because trading H4 and having a news filter stopping trade entries 60 mins before and after does not make sense to me. A news "filter" on long term trading should be used to exit trades or set a tighter stoploss if news is going to hit. As regard to money management i do not use total trades, max pairs or things like that. I use max exposure to a currency. Every currency has 7 pairs and it would not make sense if you have fi. max trades 7 and all of those 7 trades...
What a nice concept exposed here FXM.Make sense.Thanks for your sharing spirit ...always.
  • #3,298
  • Mar 20, 2018 3:59pm Mar 20, 2018 3:59pm
FxMadness

How do you control Max exposure to a currency using the EA?
  • #3,299
  • Mar 20, 2018 6:01pm Mar 20, 2018 6:01pm
Quoting FxMadness
{quote} mrdfx settings but with testing a faster exit method. Without the news filter because trading H4 and having a news filter stopping trade entries 60 mins before and after does not make sense to me. A news "filter" on long term trading should be used to exit trades or set a tighter stoploss if news is going to hit. As regard to money management i do not use total trades, max pairs or things like that. I use max exposure to a currency. Every currency has 7 pairs and it would not make sense if you have fi. max trades 7 and all of those 7 trades...

Interesting about the faster exit method and the new MM that you are applying, would love to know more if at the end you decide to share it

Thanks for your time Madness Really appreciate all your contributions to this thread.
Building a Freedom All Time Return: 5,178.8%
  • #3,300
  • Mar 20, 2018 7:53pm Mar 20, 2018 7:53pm
Quoting DerBerliner
@karmism: To compare your Settings with the Settings posted here in the thread - could attach yours here in a post ?
i am still playing around with settings. I have done nothing fancy except that I do not use TSs and as I mentioned I often manually close the trades once opened. Everything else is default.

Talking of settings, I have radically played with them today. I will report back in a few weeks how they yield and what they yield.
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