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Simple Daily Trend Reversal Trading System

  • #3,381
  • Mar 22, 2018 9:28am Mar 22, 2018 9:28am
Wowowow so much chatter today! Ok I've read everything, and I'll reply to all questions asked as best I can.

So about some signals being valid on the panel, but the EA not opening any orders, this subject has been covered many times already, so I'm not assuming anymore by saying that some members are clearly not reading everything in this thread....

See here: https://www.forexfactory.com/showthr...1#post10841381

Now as for adding or subtracting pairs, you can edit the pairs you want to trade in the trade pairs list in the EA input settings. You can also add any other symbols you wish to trade, like gold or silver etc. Yes I have tested it, and it does work as intended.

Then on the matter of the time filter, as some of you seemed to have missed my post explaining it, the reason for the time I'm using in my preset is for the EA to open at LO and NYC, that's it, not more complicated than that. As for the specific times I'm using, my broker server is currently GMT +3 so it has been adjusted accordingly to match with LO and NYC with my brokers time. I really wish some of you guys read all of my posts then so much of the recent debate would have been avoided... Anyway I know reading threads is hard for some people...

Now as for setting the time settings to open the EA to match with H4 bars, this is something to think about. I understand what shum is saying in some way, and in some way it makes sense for the EA to open the new day on the open of a new H4 candle.

I have looked at it, and checked my brokers server time in line with LO, and to set the EA to open new orders on every new H4 bar that would mean I can either set the EA to open at 05:00 or 09:00 London time, so I can either choose to open the EA on the 2nd H4 candle of the day or the 3rd.

Starting the EA to open at 05:00 would mean we are still in the late afternoon Asian session, and 09:00 would be shortly after Asian session closes, so personally as I'm wanting to avoid the Asian session, then starting the EA on the 3rd H4 bar of the day which is LO +1 would be the option to go for.

I will look further into this and consider whether this is a good idea to do or not. ok I think I have caught up, if I missed something please remind me.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,382
  • Mar 22, 2018 9:56am Mar 22, 2018 9:56am
Quoting wittybiz
{quote} Hi @Mrdfx, I just loaded your latest Set file on my EA, but noticed the ExtDepth for the ZigZag settings is still at 40. I thought you modified that and changed it to 60 in one of your earlier posts. Could you Pls Clarify. Thanks in advance {image}
I may be wrong, but he modified it to 40 from 60, not from 40 to 60... So the settings are OK...
Building a Freedom All Time Return: 5,178.8%
  • #3,383
  • Mar 22, 2018 10:04am Mar 22, 2018 10:04am
So, off to a good start so far. Running on a Virmach VPS. Over 2% on the account today. I've manually closed a couple trades I didn't like the looks of, but overall this seems to be a winning strat. I'm going to continue to play with the trailing stop numbers. At +20 pips, I've moved the stop to breakeven. After that, it's mirroring mrdfx's. They may be a bit tight though. Had a couple close out (in profit) that continued to go further into profit after the fact. A 10 pip trail may need to be opened up a bit for a 4 hr chart. I'll continue to play with it. Props to all who have put in the time and effort. Looking forward to contributing more.
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  • #3,384
  • Mar 22, 2018 10:17am Mar 22, 2018 10:17am
Quoting J1mm
{quote} I may be wrong, but he modified it to 40 from 60, not from 40 to 60... So the settings are OK...
Lots of people here do not read, they do not even read their own posts back for editing.
It is a shame that most just want to jump on the money train as fast as possible.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,385
  • Edited 11:08am Mar 22, 2018 10:57am | Edited 11:08am
@mrdfx

The EA seems to have a psychological problem with the 100% profit barrier.....
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,386
  • Mar 22, 2018 12:08pm Mar 22, 2018 12:08pm
Quoting FxMadness
@mrdfx The EA seems to have a psychological problem with the 100% profit barrier.....
It's true what they say that there is always some psychological issues around big round numbers! 100% seems to be one of them, but once we can break this strong resistance level we will fly.

FxMadness any thoughts on the proposed time adjustment which I mentioned in my previous post?
Truth is like poetry. And most people f*cking hate poetry.
  • #3,387
  • Mar 22, 2018 1:34pm Mar 22, 2018 1:34pm
Quoting mrdfx
... that some members are clearly not reading everything in this thread ...<omissis>... as some of you seemed to have missed my post explaining it...<omissis>... I really wish some of you guys read all of my posts then so much of the recent debate would have been avoided... Anyway I know reading threads is hard for some people...
Hi, thank you for your hard work and, more, to address our issues.

To tell the true I have always feel the lack of a sort of "how to" or "common problems" or "most asked question" at the very beginning of the thread, right under the description. This not only on this thread, but I believe should a common habit on all the forum, specially when it become long (good, it is very followed).
Of course it should contain the very common or complicated issues, not to write a book. Just what you and we are annoyed to see asked the most.

Just my 2 cents.
Regards.
I will not give your shared stuff to anybody else. Only just mine.
  • #3,388
  • Mar 22, 2018 2:07pm Mar 22, 2018 2:07pm
Hi Everyone,

I am reading the whole thread and am at page 27 right now. So far it looks very interesting and promising. Once I catch up with you, I am hoping to become a contributing member of your group rather than a leech.
Everything in the universe is mathematical including fear and greed.
  • #3,389
  • Mar 22, 2018 2:42pm Mar 22, 2018 2:42pm
This week has been a disaster for me.

I am using the setfiles of mrdfx and this week wasn't profitable for me. Of course you can't be profitable every week, but I didn't expect to lose as much.

I don't understand how some of you were profitable this week. I know mrdfx closed his positions manually so that's a thing, but other than that, I don't understand.
  • #3,390
  • Mar 22, 2018 2:51pm Mar 22, 2018 2:51pm
Hi, the EA is currently only detecting 1 open trade when I have 6 global trades all opened by the EA.

Does that mean that all my other trades is not actively managed by the EA and has no virtual S/L or T/P?

How do I fix this bug?
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  • #3,391
  • Mar 22, 2018 3:14pm Mar 22, 2018 3:14pm
Quoting keithlim2
Hi, the EA is currently only detecting 1 open trade when I have 6 global trades all opened by the EA. Does that mean that all my other trades is not actively managed by the EA and has no virtual S/L or T/P? How do I fix this bug? {image} {image}
You are NOT showing trade comments on your terminal... you are not showing Expert or journal tab of your terminal ....so , very hard to believe that this is indeed a BUG on the EA ...and not a bug on your side ...
  • #3,392
  • Mar 22, 2018 3:37pm Mar 22, 2018 3:37pm
Here are the screenshots for the comments, Expert and Journal tab, I might have changed something that I shouldn't while the EA is still running.
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  • #3,393
  • Mar 22, 2018 4:05pm Mar 22, 2018 4:05pm
Quoting keithlim2
Here are the screenshots for the comments, Expert and Journal tab, I might have changed something that I shouldn't while the EA is still running. {image} {image} {image}
You changed probably the magic number or something? My EA was detecting always the trades... :/
Building a Freedom All Time Return: 5,178.8%
  • #3,394
  • Mar 22, 2018 8:37pm Mar 22, 2018 8:37pm
Quoting wga6
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 ?
Wga6,
You should be able to remove the pairs you don't want to trade from the "Trade Pairs" list. I know you said you tried that but check again & make sure it's still not in there. If that fails, there is one more way. You can open up the "Market Watch" tab, position your cursor over the pair(s) you wish to remove, right-click & select "Hide Remove". That will effectively remove that currency pair from the list of pair that can be traded. If you change your mind, you can restore within "Market Watch" by right-clicking and selecting "Show All".
  • #3,395
  • Mar 22, 2018 9:04pm Mar 22, 2018 9:04pm
Quoting shum
I dont know if that is a bug in EA, but it need to open just one trade per signal, on the close of candle who first cross sma15, and close below/above that sma15, after rest indicators have shows the same signals. Tha mean, if we open mt4 at 9.00 o,clok, and EA show a signal of buy, but candle who cross sma15 close at 8.00 am, EA will not open any trade, cos entery point was missed. Thats all.! {image}
It should be possible for the EA to be reprogrammed to record the time the H4 candle that crossed the SMA 15 in the direction of the trade closed & if the time all other conditions to take the trade are satisfied, more than x hours have elapsed, the trade is not executed.

It should be possible to record the value of the SMA 15 at the time the above H4 candle closed & if the current price is more than y pips away, the trade is not executed.

What do you all think?
  • #3,396
  • Mar 22, 2018 11:23pm Mar 22, 2018 11:23pm
Quoting nonnodom
{quote} Hi, thank you for your hard work and, more, to address our issues. To tell the true I have always feel the lack of a sort of "how to" or "common problems" or "most asked question" at the very beginning of the thread, right under the description. This not only on this thread, but I believe should a common habit on all the forum, specially when it become long (good, it is very followed). Of course it should contain the very common or complicated issues, not to write a book. Just what you and we are annoyed to see asked the most. Just my 2...
This is an excellent idea though I must say mrdfx has already done an excellent job updating the first post with all the rules and release notes. This is something already much better than many of the threads here.
  • #3,397
  • Mar 22, 2018 11:28pm Mar 22, 2018 11:28pm
Quoting bakho
{quote} No We dont need set SL or TP, EA itself will close the trade, although I wonder if MT4 disconnects for like 3-4 seconds will EA still have its effect on Active Trades or not! Besides SR window is still grey for USDCHF from my end and same for EuroNZD, however NZDJPY got triggered about hour ago, that's kinda weird my mind is still stuck on why all are having different signals!
This is interesting yet pretty risky as if the EA is accidentally close and there is a large market movement, we could be in trouble. That said, I guess this is not something that will happen frequently.
  • #3,398
  • Mar 23, 2018 12:33am Mar 23, 2018 12:33am
Is there a way to host this EA on the mt4 virtual server?

It seems to be calling wininet.dll and its not allowed on the virtual server
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  • #3,399
  • Mar 23, 2018 1:44am Mar 23, 2018 1:44am
A new signal is coming on EURGBP in 75 minutes from now at 9.00 GMT. I mean, the signal is already there, it looks when it is 9.00 AM GMT the candle is still above the SMA15 and the signal will be valid to pass through.
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Keep it simple without too many crappy indicators!
  • #3,400
  • Mar 23, 2018 1:58am Mar 23, 2018 1:58am
Quoting Pip Bull
{quote} It should be possible for the EA to be reprogrammed to record the time the H4 candle that crossed the SMA 15 in the direction of the trade closed & if the time all other conditions to take the trade are satisfied, more than x hours have elapsed, the trade is not executed. It should be possible to record the value of the SMA 15 at the time the above H4 candle closed & if the current price is more than y pips away, the trade is not executed. What do you all think?
First: you make it sound as if the break of the SMA 15 is the leading indicator but it is not.
Leading is the ZigZag and after that mrdfx timing, trend etc.

So if you change
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to lets say 4 and 4 your main signal will be valid for 16 hours and if in that time SMA15 isn't broken no trades are taken.

Inserted Code
if the current price is more than y pips away, the trade is not executed.

y pips away from what ?

Do also not forget that ZigZag and mrdfx are "re-painters".
I can calculate the movement of stars, but not the madness of men. Isaac N.
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