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Simple Daily Trend Reversal Trading System

  • #3,341
  • Mar 22, 2018 3:09am Mar 22, 2018 3:09am
Quoting luvene
{quote}So what? It's a choice you have to make. Your reaction is OK but as many people as many choices ans decisions {quote} 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...
week up man , you mis the rules again..
you say it itself, last rule is the candle close above for long sma 15, after all indi are ok. So After that candle close, you must to have an enter, exactly on it close, with the new H4 candle open. But you mis it, coz you steel must wait 2-3 hour acording to set time in EA, wich mean that at this time, price can be far from enter point..far from the MOMENTUM, you enter when price can turn back to you after make in that 2-3 hours from signal candle 20-30 pips, wich are the tg..
be smart , lern from smartes.
  • #3,342
  • Mar 22, 2018 3:13am Mar 22, 2018 3:13am
Quoting shum
{quote} 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.
Relax, I am not the TS Let's wait for the reaction of mrdfx or Erwin Beckers. I can say one more thing. You have to do ALWAYS the same thing, no matter what kind of system you are trading. I understand your thoughts that in 4 long hours a lot can happen and that it can be very frustrating that you "have to wait".

A solution can be that there will be a choice in the EA that you enter the trade as soon the price is above for LONG the SMA15. No waiting any longer for candle close.
Keep it simple without too many crappy indicators!
  • #3,343
  • Mar 22, 2018 3:16am Mar 22, 2018 3:16am
Quoting shum
{quote} week up man , you mis the rules again.. you say it itself, last rule is the candle close above for long sma 15, after all indi are ok. So After that candle close, you must to have an enter, exactly on it close, with the new H4 candle open. But you mis it, coz you steel must wait 2-3 hour acording to set time in EA, wich mean that at this time, price can be far from enter point..far from the MOMENTUM, you enter when price can turn back to you after make in that 2-3 hours from signal candle 20-30 pips, wich are the tg.. be smart , lern...
Don't use time settings in that case, smart boy It is all up to you. Trade for 24/5 is a solution. Opening trades at Asia session...... It can be good, it can go wrong.
Keep it simple without too many crappy indicators!
  • #3,344
  • Mar 22, 2018 3:21am Mar 22, 2018 3:21am
Quoting luvene
{quote}Relax, I am not the TS Let's wait for the reaction of mrdfx or Erwin Beckers. I can say one more thing. You have to do ALWAYS the same thing, no matter what kind of system you are trading. I understand your thoughts that in 4 long hours a lot can happen and that it can be very frustrating that you "have to wait". A solution can be that there will be a choice in the EA that you enter the trade as soon the price is above for LONG the SMA15. No waiting any longer for candle close.
If something works, not touch it...
Try don't lose pants never...
  • #3,345
  • Mar 22, 2018 3:23am Mar 22, 2018 3:23am
Anyone else with a USDCHF trigger? All 3 indicators confirmed a sell signal but I don't see the candle crosses, and closes below the 15 SMA down from above.
  • #3,346
  • Mar 22, 2018 3:24am Mar 22, 2018 3:24am
Quoting luvene
{quote} No waiting any longer for candle close.
rong, coz H4 candle, when cross sma15 (in the same time EA open for you a trade) can decide to close below sma, so fake signal, hit sl.
EA work well without timing on midlle of candle, it open trades every new H4 open.
  • #3,347
  • Mar 22, 2018 3:28am Mar 22, 2018 3:28am
In case of NZDUSD we are discussing now. Look at the printscreen We had to open the trade yesterday at 20.00 GMT at 0.72333. Right or wrong
I am testing AUTO and manual and yesterday at that time my computer was not open

But I understand the thoughts of shum. I think the best thing we can do is to use a VPS and trade AUTO for 24/5.
Attached Image (click to enlarge)
Click to Enlarge Name: EXAMPLE_NZDUSD.png Size: 60 KB
Keep it simple without too many crappy indicators!
  • #3,348
  • Mar 22, 2018 3:36am Mar 22, 2018 3:36am
Quoting Falcon80
Anyone else with a USDCHF trigger? All 3 indicators confirmed a sell signal but I don't see the candle crosses, and closes below the 15 SMA down from above.
The fourth candle after the ZigZag arrow was closed below the SMA15. The only reason why not all blocks are in sync is because of the S&R. This block is still grey at mine. Please, add a printscreen, it tells more than 1000 words and we can all learn from it.
Keep it simple without too many crappy indicators!
  • #3,349
  • Mar 22, 2018 3:41am Mar 22, 2018 3:41am
Quoting luvene
{quote}The fourth candle after the ZigZag arrow was closed below the SMA15. The only reason why not all blocks are in sync is because of the S&R. This block is still grey at mine. Please, add a printscreen, it tells more than 1000 words and we can all learn from it.
Should price break the S&R line to make a valid signal?
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF.sH4.png Size: 33 KB
Learning by doing
  • #3,350
  • Mar 22, 2018 3:42am Mar 22, 2018 3:42am
i think we need trade duration signal indicator, to show how long since the valid signal triggered, so we can avoid stale signal, like if the valid signal has been running for xx hours/minutes the EA or wont take any trade
"Hope" is dangerous word in trading, trade what you see not what you hope!
  • #3,351
  • Mar 22, 2018 3:43am Mar 22, 2018 3:43am
Quoting luvene
{quote}The fourth candle after the ZigZag arrow was closed below the SMA15. The only reason why not all blocks are in sync is because of the S&R. This block is still grey at mine. Please, add a printscreen, it tells more than 1000 words and we can all learn from it.
Here is a screen shot of my dashboard.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-03-22 at 4.42.24 PM.png Size: 132 KB
  • #3,352
  • Mar 22, 2018 3:44am Mar 22, 2018 3:44am
Quoting RisingStar
{quote} Should price break the S&R line to make a valid signal? {image}
I want to know that too.....that's the last thing I don't understand. I hope mrdfx will explain that in a way that we understand all. As said, at mine all is in sync except the block of the S&R.
Keep it simple without too many crappy indicators!
  • #3,353
  • Mar 22, 2018 3:46am Mar 22, 2018 3:46am
Here is a screenshot of the actual chart for USDCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-03-22 at 4.45.02 PM.png Size: 411 KB
  • #3,354
  • Mar 22, 2018 3:47am Mar 22, 2018 3:47am
Quoting Falcon80
{quote} Here is a screen shot of my dashboard. {image}
You are talking about USDCHF and you showed us EURUSD....... Please, show the USDCHF without the EA inside the chart. I was too fast...... just a moment.
Keep it simple without too many crappy indicators!
  • #3,355
  • Mar 22, 2018 3:51am Mar 22, 2018 3:51am
Quoting Falcon80
Here is a screenshot of the actual chart for USDCHF. {image}
The third red candle after the arrow ZZ was closing below the SMA15...... It was good signal to open a trade in my opinion. The only thing I don't understand till now is the meaning of the S&R but that was not your question.
Keep it simple without too many crappy indicators!
  • #3,356
  • Mar 22, 2018 3:51am Mar 22, 2018 3:51am
Quoting luvene
{quote}Don't use time settings in that case, smart boy It is all up to you. Trade for 24/5 is a solution. Opening trades at Asia session...... It can be good, it can go wrong.
I can tell you, all trades that the EA opened in Asia session, usually around GMT+1 4AM ended up with a huge OTM xD don't ask me why, I just disabled the 24/5 trading.
Building a Freedom All Time Return: 5,178.8%
  • #3,357
  • Mar 22, 2018 3:58am Mar 22, 2018 3:58am
Quoting luvene
{quote}I want to know that too.....that's the last thing I don't understand. I hope mrdfx will explain that in a way that we understand all. As said, at mine all is in sync except the block of the S&R.
Please correct me if I'm wrong, not in from of my PC to check it properly, but I think that you have an option in the EA to setup the MAX number of pips where the EA will look for the S&R, and if I'm not wrong default is around 30pips?
From my understanding is that the EA will look for a nearly S&R 30pips up or down after the ZigZag signal, if EA cannot find one it will just wait. That's at least what I understood, but didn't really validated this.

Maybe 30 pips is too much and can cause a Little bit of drawndown if price keeps going towards the S&R. Don't know what other people here thinks about this...
Building a Freedom All Time Return: 5,178.8%
  • #3,358
  • Mar 22, 2018 4:01am Mar 22, 2018 4:01am
Quoting J1mm
{quote} I can tell you, all trades that the EA opened in Asia session, usually around GMT+1 4AM ended up with a huge OTM xD don't ask me why, I just disabled the 24/5 trading.
That's what I meant. It's all up to you and anybody. Some will trade 24/5 and some don't. Like yourself I am not a big fan of trading in the Asia session. Less volatility and weird spikes. On the other hand, if "you have to wait" for closing candle, sometimes you are too late and it can be better to skip this opportunity / trade. In any case if the price increase a lot in these few hours for waiting.........
Keep it simple without too many crappy indicators!
  • #3,359
  • Mar 22, 2018 4:13am Mar 22, 2018 4:13am
This is my last contribution for today but you never know. I studied this system and the EA of Erwin Beckers for the last few days and it might be that in some cases I don't understand everything but the most I do, believe me! Only the issue of the S&R is not all clear. I tried a lot the last couple of years and this system is by far the best I've seen.

Many thanks to mrfdx and to Erwin Beckers for this great system and EA. Of course it can be that there will be some bugs in the EA and not everything is working well as we all expected (?) but in my opinion I can't discover these issues. I am using now the updated EA of member DISP22 in case the time and the news settings and I use my own settings in the EA which are not much different comparing to the new settings of mrfdx.
Keep it simple without too many crappy indicators!
  • #3,360
  • Mar 22, 2018 4:15am Mar 22, 2018 4:15am
Hello every one,

I have few queries

1. What is SL and TP strategy for this EA? I saw in the set file that it has a mechanism built in it but can some one please explain how it works.
2. What issues have been encountered with this EA (if any)
3. Has any one used currency correlation with this EA to see which trades to take and which to ignore?

Thanks
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