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Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 176 replies

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Simple Daily Trend Reversal Trading System

Quoting bakho
I wonder If I'm the only one here with GBPCHF Trades, or is someone else out there who got the same signal as I do {image}
I have to same all with ıc markets.
Quoting bakho
I wonder If I'm the only one here with GBPCHF Trades, or is someone else out there who got the same signal as I do {image}
Look at my live TE.
I had to stop it from trading because SL would/could have been hit and i am not interested in that.

Looks like London did it (not Russia) but i do not see a strong continuations after NY open.
Don't think lots will hold the pound over the weekend (but i could be wrong).
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I can calculate the movement of stars, but not the madness of men. Isaac N.
Quoting bakho
I wonder If I'm the only one here with GBPCHF Trades, or is someone else out there who got the same signal as I do {image}
I also have this trade, it was up for 50-55 pips, i thought it will close with trailing stop, but it didn't and now it's running on negative pips
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Failure is not failure if you learn from it...
Quoting bakho
I wonder If I'm the only one here with GBPCHF Trades, or is someone else out there who got the same signal as I do {image}
Not me, using the latest set mrdfx uploaded modified a little bit the start times GMT+1

Also, I just started yesterday night using this set!

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Quoting suneth2
{quote} I also have this trade, it was up for 50-55 pips, i thought it will close with trailing stop, but it didn't and now it's running on negative pips {image}
You have to look better my friend................. You are not using TrailingStops but Ratio RR. See parameters!
Keep it simple without too many crappy indicators!
Quoting brian661
Hi everyone, I have just started this thread and read the last 50 pages and have some questions. I download the latest indicator, the ea, as well as the mrdfx's set file. then I enable auto trade in MT4 and drag the ea to the chart after switch the chart to 4Hour. The trade is opened immediately after the ea started. Is this expected? And also the panel is freeze, the number is no moving, I clicked the pair name and no new chart is opened. Am I missed so setting? Thanks inn advance
Only the last 50 pages and you expecting to know everything? Your post doesn't even warrant a reply, but I wanted to point it out as an example as to why reading the whole thread is so important.

So basically you browsing through the forum, come across my thread, click on it, and see the TE. Then you think hmm this looks good, the results are good, let me check it out more, but then you see +170 pages, and you're like hell no way I'm going to sit, and read ALL 170 pages! No no let me just read the last few pages, that should be enough to understand everything. Sounds about right?

Wrong! There have been a lot of developments, and discussions over many many aspects of the strategy an the EA which was developed to trade it. Actually many of the questions that keep popping up are repeated, and have been discussed and answered previously, including yours.

Many of the same questions get repeated cos as like you, many members are too lazy to take the time to read the whole thread before asking a question that they would have found the answer to if they read the whole thread!

I'll leave this here as a reminder: https://www.forexfactory.com/showthr...2#post10777462
Truth is like poetry. And most people f*cking hate poetry.
Quoting Falcon80
{quote} 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.
True but my question was something else ofcourse if MT4 lose connection from Internet then EA automatically will lose its grips on Open Trades, My concern was if MT4 comes back online will it still have grip on active trades opened by EA or not! Fortunately nomatter for how long your MT4 is down but the moment It comes back online It regain control on Trades, now that's a different case If EA has already gone into over 200 pips loss while your MT4 was down, however I have a bad internet connection and my MT4 remain down for like 40-45 mins several times but whenever it came back online everything was fine and EA close trades as it suppose to do so, for now I'm testing EA on my laptop only, as soon I reach to point which Settings are best for this EA I'ill move to any stable VPS!
Quoting FxMadness
{quote} Look at my live TE. I had to stop it from trading because SL would/could have been hit and i am not interested in that. Looks like London did it (not Russia) but i do not see a strong continuations after NY open. Don't think lots will hold the pound over the weekend (but i could be wrong). {image}
Mate can I know the name of indicator you're using or wonder if you can provide its download link or File! Thanks
Greetings,
Nice thread
This strategy has quite some potential

Thanks
R
Quoting braintheboss
{quote} No. You only put pin.mqh in folder you prefer and replace that line. Anyway it will not compile because pin.mqh is similar but not same class that im using. If you have error go to the line and replace that line with right pin.mqh method. Its only 4 lines with pin code in CPair
Hi braintheboss , can you please check?i think i have clearly done all settings according to NEW mrdfx set file .READY TO GO I GUESS
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Quoting theChamp
{quote} Hi braintheboss , can you please check?i think i have clearly done all settings according to NEW mrdfx set file .READY TO GO I GUESS {image}
My knowledge about EAX features is low. I always used naked ( spread and hold filters only ). Really i only use it for manage trades then not idea how works capture features really
Try don't lose pants never...
BtB Auto Pips This Week: 443
Quoting bakho
{quote} True but my question was something else ofcourse if MT4 lose connection from Internet then EA automatically will lose its grips on Open Trades, My concern was if MT4 comes back online will it still have grip on active trades opened by EA or not! Fortunately nomatter for how long your MT4 is down but the moment It comes back online It regain control on Trades, now that's a different case If EA has already gone into over 200 pips loss while your MT4 was down, however I have a bad internet connection and my MT4 remain down for like 40-45 mins...
Bakho, the dashboard shows you the open trades, including the stoploss (even though its hidden on MT4). You can see there whether or not the trade is being updated (i.e. managed). If for some reason you felt the trade was dropped by the EA (wasn't being managed), then you still know what the stop loss is (you could enter that manually) so then all you would need to do is manage the take profit (which you could also enter manually if you wanted). As you indicate a VPS would be the best option.
Its finishing week. My first week using this EA is only SR and zigzag are relevant. Its mrdfx base but in H1 and only using zigzag, trendline and MA and replacing SR and exits. I had modify slightly settings for adapt to H1 but base is like thread.

Anyway as mrdfx knows SR addition was who did system stable in profits. Maybe the bigger difference with original setup is seem suffer less in flat profit days. I need more weeks for get clear idea
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Try don't lose pants never...
BtB Auto Pips This Week: 443
Quoting braintheboss
{quote} My knowledge about EAX features is low. I always used naked ( spread and hold filters only ). Really i only use it for manage trades then not idea how works capture features really
lol okay no problem, i have tried it before,it ll do the job.

EDIT : Lock & trail profit will not work as SDTR lock profits in pips & EAX trail in $$$ .
Quoting luvene
{quote}You have to look better my friend................. You are not using TrailingStops but Ratio RR. See parameters!
So that means if i use Trailing Method to " Use Risk Reward Ratios" parameter will that not close order partially
Failure is not failure if you learn from it...
Quoting suneth2
{quote} So that means if i use Trailing Method to " Use Risk Reward Ratios" parameter will that not close order partially
YUP .that's why mrdfx removed that set & currently running Trailing method.
Quoting suneth2
{quote} So that means if i use Trailing Method to " Use Risk Reward Ratios" parameter will that not close order partially
Suneth2 - see the EA manual and the link regarding the trailing stop

OrderTS1 - OrderTS4 & OrderTS1Trigger - OrderTS4Trigger Used when TrailingMethod=UseTrailingStops.
Uses a trailing stop loss based on this thread : https://www.forexfactory.com/printthread.php? t=446353

It uses a hidden / virtual stoploss. This allows us to put the stop loss anywhere without the broker knowing and without any broker restrictions

So.. When the EA places a new order then the initial hidden/virtual stoploss is placed at: - the zigzag arrow when stopLossAtZigZagArrow=true - or at OrderHiddenSL pips when stopLossAtZigZagArrow=false
then when trade gets into profit we trail the hidden / virtual stoploss like this:
•when profit reaches Order TS1 Trigger pips, the virtual stoploss is moved to Order TS1 pips •when profit reaches Order TS2 Trigger pips, the virtual stoploss is moved to Order TS2 pips
• when profit reaches Order TS3 Trigger pips, the virtual stoploss is moved to Order TS3 pips • when profit reaches Order TS4 Trigger pips, the virtual stoploss is moved to Order TS4 pips
•when profit goes above Order TS4 Trigger pips then the rest gets trailed with a Trailing Step
Quoting suneth2
{quote} So that means if i use Trailing Method to " Use Risk Reward Ratios" parameter will that not close order partially
You are mixing 2 settings on the same chart so the EA does not know what to do so it won't do anything.

If you want to use TS then you need to select use trailing stop.

If you want to use the risk reward ratio then you need to select use risk reward ratio.

You cannot use both functions together on the same chart, its one or the other unless you have 2 charts with the EA running each separately.
Truth is like poetry. And most people f*cking hate poetry.
hi, .. mrdfx, .. what version of ea are you using, .. ??
I got that, Thank You for explanation
Failure is not failure if you learn from it...
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