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Simple Daily Trend Reversal Trading System

  • #3,321
  • Mar 21, 2018 8:00pm Mar 21, 2018 8:00pm
Find a small issue about News and Time filter when EA draw signals.
if (UseNewsFilter)
{
color newsColor = _allowedToTradeNews ? zigClr : clrGray;
DrawRect(line, xpos, zigClr,60 ); xpos+=60;
}

color timeColor = _allowedToTradeTimeFilter ? zigClr : clrGray;
DrawRect(line, xpos, zigClr,60 ); xpos+=60;

It should be:
if (UseNewsFilter)
{
color newsColor = _allowedToTradeNews ? zigClr : clrGray;
DrawRect(line, xpos, newsColor,60 ); xpos+=60;
}

color timeColor = _allowedToTradeTimeFilter ? zigClr : clrGray;
DrawRect(line, xpos, timeColor,60 ); xpos+=60;

This way it can give correct signal about time and news filter.
Attached is the new compiled EA.
Attached File(s)
File Type: ex4 SimpleDailyTrendReversal.ex4   218 KB | 452 downloads
  • #3,322
  • Mar 21, 2018 8:17pm Mar 21, 2018 8:17pm
usd /cad just triggered daily sell, I just closed a long on gold 4 hr chart made $17/unit traded
I love this method, it consistently makes low stress money
  • #3,323
  • Mar 21, 2018 8:26pm Mar 21, 2018 8:26pm
hi,mrdfx.i dont want to trade all the pairs.so,how can i trade some choosen pairs,for example,just eurusd?
if the ea cannot trade appointed pairs, can you re-edit it ?
  • #3,324
  • Mar 21, 2018 8:43pm Mar 21, 2018 8:43pm
hi,bro.i dont want to trade all the pairs.so,how can i trade some choosen pairs,for example,just eurusd?
if the ea cannot trade appointed pairs, can you re-edit it ?
  • #3,325
  • Mar 21, 2018 9:58pm Mar 21, 2018 9:58pm
I wonder why my AUDJPY trade still running
Attached Image (click to enlarge)
Click to Enlarge Name: screen.jpg Size: 149 KB
Failure is not failure if you learn from it...
  • #3,326
  • Mar 21, 2018 10:57pm Mar 21, 2018 10:57pm
Quoting wga6
hi,bro.i dont want to trade all the pairs.so,how can i trade some choosen pairs,for example,just eurusd? if the ea cannot trade appointed pairs, can you re-edit it ?
Just delete the pairs you don't want from the "trade pairs" line in the EA inputs.
  • #3,327
  • Mar 22, 2018 12:06am Mar 22, 2018 12:06am
Quoting suneth2
I wonder why my AUDJPY trade still running {image}

mrdfx closed them manually because he stopped the test early.
  • #3,328
  • Mar 22, 2018 12:24am Mar 22, 2018 12:24am
If I ever opened and closed buy position NZDUSD manually before. Today the dashboard show valid buy signal for this pair, and the EA not open the trade. Was it caused by the trade I have closed before?
Learning by doing
  • #3,329
  • Mar 22, 2018 12:34am Mar 22, 2018 12:34am
Quoting RisingStar
If I ever opened and closed buy position NZDUSD manually before. Today the dashboard show valid buy signal for this pair, and the EA not open the trade. Was it caused by the trade I have closed before?
If you opened and closed manually, without the EA, it shouldn't make a difference. My dashboard has NZDUSD all green but a valid trade is yet to occur, likely because the MBFX hasn't been in an oversold position when the price crossed the 15MA.
  • #3,330
  • Mar 22, 2018 12:56am Mar 22, 2018 12:56am
Quoting pakeha
{quote} Just delete the pairs you don't want from the "trade pairs" line in the EA inputs.
i have deleted the pairs i didnt want.but the EA still trade the pairs. i did such several times. so,i am very confused.
  • #3,331
  • Mar 22, 2018 1:24am Mar 22, 2018 1:24am
Quoting wga6
{quote} i have deleted the pairs i didnt want.but the EA still trade the pairs. i did such several times. so,i am very confused.
I am assuming you refreshed the EA. If that is the case then maybe the pairs are "hardwired" in the EA. The developer would know - pm him.
  • #3,332
  • Mar 22, 2018 2:21am Mar 22, 2018 2:21am
Quoting mrdfx
So guys I have gone ahead, and closed the chart with the 1:1 RR TP setting. I didn't want to wait till end of the week. After reviewing all the data with this TE, and other EA tests I'm running, the TS setting is ahead every time. I closed the rest of the orders from set 2, and now I will only be running 1 chart, set 1. I have increased the lot size to compensate for the close of set 2 chart. Attached is an update of the set file which I am using now. I have modified the TS settings a little, and disabled the news filter (taken FxMadness...
Hi, thanks for the update. Of course I know these are your settings Please, can you explain why you changed the time settings to 11 instead of 10 you did before? This means when you are trading with a broker who use GMT like FXCM UK trades only opens 1 hour after London opens........

@disp22 Thanks for the update , however, if you are not using the news filter any longer like mrdfx with his new settings it doesn't matter. Right now I see in the time block a grey colour. Does this mean when the time matches your settings in the EA the block will be green or red? Please, let me know.

I am curious about the new settings of mrdfx. Personally I don't understand why he removed the filter of the news settings and why he changed the time settings to 11 instead of 10. Please explain and keep up all the good work
Keep it simple without too many crappy indicators!
  • #3,333
  • Mar 22, 2018 2:26am Mar 22, 2018 2:26am
Quoting pakeha
{quote} If you opened and closed manually, without the EA, it shouldn't make a difference. My dashboard has NZDUSD all green but a valid trade is yet to occur, likely because the MBFX hasn't been in an oversold position when the price crossed the 15MA.
NZDUSD just got triggered from my end! wonder if its still not open from your side!
  • #3,334
  • Mar 22, 2018 2:47am Mar 22, 2018 2:47am
Quoting RisingStar
If I ever opened and closed buy position NZDUSD manually before. Today the dashboard show valid buy signal for this pair, and the EA not open the trade. Was it caused by the trade I have closed before?
why should NZDUSD trade be opened? if you look on that signal acording to the system, you will se that signal candle(H4) wich close above sma 15, was 4 candles early...
so this signal is not fresh, price can close the laste candle to far from close of real signal candle, and you will have a bad enter, where from the begin you lose some pips..
I think is is a bug of Ea, coz if we trade H4 signals, the enter must be made on first signal H4 candle,who is close above or below sma15. But If we trade from 10 morning, after 2 hours of last H4 candle close, and if this candle was a signal candle, at 10. next candle can be far from it, so we have bad enteres...and sudenly, this is what hapen a lot of times to me...
EA show signal for enter with all condition ok, but when i chek the pair... i see that signal was some candles back, so i dont whant anymore to trade that pair, but EA will open it when the time is ok...
is that just hapen to me, or? And what can be do, to avoid fake signals, what in reality are not fresh..?
  • #3,335
  • Mar 22, 2018 2:51am Mar 22, 2018 2:51am
Quoting bakho
{quote} NZDUSD just got triggered from my end! wonder if its still not open from your side!
It has all to do with your local time and the time of your broker comparing to your time settings in the EA! Please, check your GMT time, + 1 + 2 -1 etc. etc.
At mine, I use the updated EA of DISP22, all blocks for NZDUSD are green except the time, is is still grey yet because I can open only trades from beginning at 11 AM GMT accordingly to your time settings in the EA. When it is 11 GMT which is after three hours from now, all my blocks will be green for NZDUSD. I hope thiss make sense.
Keep it simple without too many crappy indicators!
  • #3,336
  • Edited 3:10am Mar 22, 2018 2:58am | Edited 3:10am
my broker is gtm +2, so 10 o,clok, is the open of london from me. The last H4 candle close, and new open at 8.00(gtm+2), this mean that first signal from EA will be after 2 hours of new H4 candle open, who can bee far from the signal candle! So what is the reason, of 10-11 o, clok open trades, when signal candle it at 8.00? its non sens.. we loss the best enter, with the best and right price from the signals..i dont get it.
Now back to the NZDUSD, please explain me what signal you waiting for)look on pic below), when singal candle was 3 candle back, and now price is a litle far from it close, about 13 pips, and that pips are not going in your poket, they gone from your poket, and you steel must to wait your hour for open trade...? at that time price can be in 50 pips up from signal candle... so where is the rison, of trading H4 signals, in midle of time of next open H4 candle? NONSENS.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-h4-alpari-international-limited.png Size: 60 KB
  • #3,337
  • Mar 22, 2018 3:01am Mar 22, 2018 3:01am
Quoting shum
{quote} why should NZDUSD trade be opened? if you look on that signal acording to the system, you will se that signal candle(H4) wich close above sma 15, was 4 candles early...
So what? It's a choice you have to make. Your reaction is OK but as many people as many choices ans decisions
Quoting shum
{quote}I think is is a bug of Ea, coz if we trade H4 signals, the enter must be made on first signal H4 candle,who is close above or below sma15.
I don't think it is a bug and why must the enter on first signal H4? Maybe I am mistaken but I did not read such rules. First the arrow and after that you have to wait the candle closes above for long the SMA15. It can take a few Bars, sometimes three, sometimes 2 and sometimes 6 or maybe 8? You have to look for Price Action too and you have to realise you can't make all winning trades. Be smart and set your SL at last SwingH or SwingL.
Keep it simple without too many crappy indicators!
  • #3,338
  • Mar 22, 2018 3:01am Mar 22, 2018 3:01am
Quoting luvene
{quote} It has all to do with your local time and the time of your broker comparing to your time settings in the EA! Please, check your GMT time, + 1 + 2 -1 etc. etc. At mine, I use the updated EA of DISP22, all blocks for NZDUSD are green except the time, is is still grey yet because I can open only trades from beginning at 11 AM GMT accordingly to your time settings in the EA. When it is 11 GMT which is after three hours from now, all my blocks will be green for NZDUSD. I hope thiss make sense.
I'm using pepperstone and same time settings as mrdfx(old one with news filter) and since its already 11 AM so NZDUSD got triggered like 30 mins ago!! on mrdfx set file time filter was set to 10-23 so according to that everyone trades should be triggered by now If they have adjusted EA timings settings according to pepperstone timings! or atleast for those who are following mrdfx settings and instructions! but I see NZDUSD is also not open from mrdfx end because chfjpy is the only open trade there! or maybe i'm doing something wrong! anyways lets see how this trade goes!
  • #3,339
  • Mar 22, 2018 3:01am Mar 22, 2018 3:01am
Quoting luvene
{quote} It has all to do with your local time and the time of your broker comparing to your time settings in the EA! Please, check your GMT time, + 1 + 2 -1 etc. etc. At mine, I use the updated EA of DISP22, all blocks for NZDUSD are green except the time, is is still grey yet because I can open only trades from beginning at 11 AM GMT accordingly to your time settings in the EA. When it is 11 GMT which is after three hours from now, all my blocks will be green for NZDUSD. I hope thiss make sense.
no, there is no sense man... you steel wait, but the train gone 3 hours back, coz 3 hours back was open new H4 candle. If we trade H4, we must to have open trades every 4 hours, at open of new H4 candle, aaaand... the signal candle must be the first candle who cross sma 15...
so i change my time for trading.
  • #3,340
  • Mar 22, 2018 3:07am Mar 22, 2018 3:07am
I did not get any trigger for NZDUSD. Instead USDCHF got triggered off. By the way, do we need to manually set the stop loss?
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