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Simple Daily Trend Reversal Trading System

  • #3,441
  • Mar 23, 2018 11:30am Mar 23, 2018 11:30am
Hello guys, just providing some "input"

I installed and have setup the new set yesterday and "restarted" the EA by providing a new Magic Number so I would be able to start from "scratch" the statistics...

Today the EA opened 6 Trades, 2 of them Still running, 4 OTM SL Hit.

I'm sharing this just to make sure it is working as expected, not to blame or something as I know everything will not be just sit and gather your 100% return next month haha, probably my input will help others or even the EA Coder to see possible ways to improve it.

Today Statistics:
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Closed Trades:
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GBPJPY SELL Order:
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GBPCHF SELL Order
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CADCHF SELL Order
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GBPUSD SELL Order
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Just want to be sure, anyone got similar entries? I'm missing something or configuring something wrong?
Building a Freedom All Time Return: 5,178.8%
  • #3,442
  • Mar 23, 2018 11:46am Mar 23, 2018 11:46am
Quoting J1mm
Hello guys, just providing some "input" I installed and have setup the new set yesterday and "restarted" the EA by providing a new Magic Number so I would be able to start from "scratch" the statistics... Today the EA opened 6 Trades, 2 of them Still running, 4 OTM SL Hit. I'm sharing this just to make sure it is working as expected, not to blame or something as I know everything will not be just sit and gather your 100% return next month haha, probably my input will help others or even the EA Coder to see possible ways to improve it. Today...
Hi J1mm, im on the old settings but got the GBP/USD trades, by the way the screenshots off the laptop the 2 Eas are on my desktop on 2x H4 Charts.
I now have EUR/GBP AND EUR/CHF trades on, 0.24p in profit, do you have these trades on? cheers
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  • #3,443
  • Mar 23, 2018 11:49am Mar 23, 2018 11:49am
Quoting montego
{quote} Hi J1mm, im on the old settings but got the GBP/USD trades, by the way the screenshots off the laptop the 2 Eas are on my desktop on 2x H4 Charts. I now have EUR/GBP AND EUR/CHF trades on, 0.24p in profit, do you have these trades on? cheers {image}
p.s i knew the 2 x cable short trades would be a mistake, as cable has been going up all week, i nearly closed them when they were £1 in profit, should have gone with my instinct, another lesson learned ...
great Ea/system though and you cant win all the time
  • #3,444
  • Mar 23, 2018 11:55am Mar 23, 2018 11:55am
Quoting montego
{quote} Hi J1mm, im on the old settings but got the GBP/USD trades, by the way the screenshots off the laptop the 2 Eas are on my desktop on 2x H4 Charts. I now have EUR/GBP AND EUR/CHF trades on, 0.24p in profit, do you have these trades on? cheers {image}
Yep! I have both of them! 1p in profit now haha
Building a Freedom All Time Return: 5,178.8%
  • #3,445
  • Mar 23, 2018 11:57am Mar 23, 2018 11:57am
Quoting J1mm
Hello guys, just providing some "input" I installed and have setup the new set yesterday and "restarted" the EA by providing a new Magic Number so I would be able to start from "scratch" the statistics... Today the EA opened 6 Trades, 2 of them Still running, 4 OTM SL Hit. I'm sharing this just to make sure it is working as expected, not to blame or something as I know everything will not be just sit and gather your 100% return next month haha, probably my input will help others or even the EA Coder to see possible ways to improve it. Today...
Version 1.30? Did I missed something? Almost everybody use v1.21. I use 1.22 because of DISP22 changed something in the settings of news and time. Please tell me what is this for version relating to 1.21/1.22. Tell me the differences and advantages disadvantages. And if it is interesting, where can I download this EA?
Keep it simple without too many crappy indicators!
  • #3,446
  • Mar 23, 2018 12:03pm Mar 23, 2018 12:03pm
Quoting J1mm
{quote} Yep! I have both of them! 1p in profit now haha
  • #3,447
  • Edited 2:05pm Mar 23, 2018 12:34pm | Edited 2:05pm
hi everyone

i want to share my settings of the ea

little things changed

h4 time frame

sma change to wma 18 type 3 (linear weighted)
trend filter change to 9
support and resistence only true on daily.....the others are set on false even weekly
if you want you can set on true sma 200 but this is best for the daily time frame

that will change it 1 only thing....one more little patience but the sma 18 in h4 is like a sniper for the false signal

try it
i've changed and test it yet

enjoy and thanks so much to ebeckers and mrdfx
  • #3,448
  • Mar 23, 2018 12:37pm Mar 23, 2018 12:37pm
Quoting luvene
{quote}Version 1.30? Did I missed something? Almost everybody use v1.21. I use 1.22 because of DISP22 changed something in the settings of news and time. Please tell me what is this for version relating to 1.21/1.22. Tell me the differences and advantages disadvantages. And if it is interesting, where can I download this EA?
1.30 is 1.22 { not with fix disp22) with PIN support. But last is 1.31 with prefix support in PINs. But if you dont use EAX you dont need this builds
Try don't lose pants never...
  • #3,449
  • Mar 23, 2018 1:35pm Mar 23, 2018 1:35pm
@braintheboss
Is is possible to make a version with the option to use real SL/TP and trailing with real SL also?
I use VPS and also PC. From time to time there is a interruption with internet or the VPS was at reboot. If trading only with virtual SL could be dangerous.
  • #3,450
  • Mar 23, 2018 1:43pm Mar 23, 2018 1:43pm
Quoting astra68
@braintheboss Is is possible to make a version with the option to use real SL/TP and trailing with real SL also? I use VPS and also PC. From time to time there is a interruption with internet or the VPS was at reboot. If trading only with virtual SL could be dangerous.
Ask EA coder better. I only added PIN because it was a thing needed for me. I dont use TM or hard stops because Im not believer of them
Try don't lose pants never...
  • #3,451
  • Mar 23, 2018 1:55pm Mar 23, 2018 1:55pm
any one got this problem?
two questions:
1. ea should open sell order at ~1.33786 for gbpchf. But ea opened at 1.33563
2. why I got stopped out? I thought it should hold this order.
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  • #3,452
  • Mar 23, 2018 2:06pm Mar 23, 2018 2:06pm
Quoting changtx1991
any one got this problem? two questions: 1. ea should open sell order at ~1.33786 for gbpchf. But ea opened at 1.33563 2. why I got stopped out? I thought it should hold this order. {image} {image}
Changtx, I think we all experience this "issue". It is not an EA problem. It is due to a combination of spreads, trade execution time and broker order flow AFTER the closure of the previous candle. The probability of getting filled at exactly the close price of previous candle is for these reasons quite low. So it is normal for this to happen.
  • #3,453
  • Mar 23, 2018 2:08pm Mar 23, 2018 2:08pm
Quoting changtx1991
any one got this problem? two questions: 1. ea should open sell order at ~1.33786 for gbpchf. But ea opened at 1.33563 2. why I got stopped out? I thought it should hold this order. {image} {image}
me too.. this pair gbpchf stopped me out. weird. i checked mrdfx trade list but cannott find the trade.
  • #3,454
  • Edited 1:22pm Mar 24, 2018 10:23am | Edited 1:22pm
Quoting changtx1991
any one got this problem? two questions: 1. ea should open sell order at ~1.33786 for gbpchf. But ea opened at 1.33563 2. why I got stopped out? I thought it should hold this order. {image} {image}
It's difficult as to say what happened and why.

Read post 1, and see here: https://www.forexfactory.com/showthr...2#post10657522

What settings are you using for SL? SL at zigzag? Hidden SL? Without knowing these things we can't say.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,455
  • Mar 24, 2018 10:24am Mar 24, 2018 10:24am
Quoting keyo
{quote} me too.. this pair gbpchf stopped me out. weird. i checked mrdfx trade list but cannott find the trade.
It did not open for me as I already had a previous sell for GBPCHF, and I do not use reentries on same pair function.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,456
  • Mar 24, 2018 1:56pm Mar 24, 2018 1:56pm
Quoting changtx1991
any one got this problem? two questions: 1. ea should open sell order at ~1.33786 for gbpchf. But ea opened at 1.33563 2. why I got stopped out? I thought it should hold this order. {image} {image}
From what I can see, your order opened at 11:00 exactly as you are I believe using the latest .set file of @mrdfx and that time is not the time of open of the H4 candle. Since candle open to 11:00 when EA turned ON the price has moved so it placed a trade at the price of that time.
  • #3,457
  • Edited 6:05am Mar 25, 2018 4:15am | Edited 6:05am
I really have to apologize to MRDFX because I have not read everything (well). Like many subscribers I am guilty too..... Many of my reactions in the last few days I had to know if I read better

I want to say to everyone, please read well the first post of MRDFX and please click on the links that he has placed and you already know a lot!

I believe MRDFX for 100% when he writes that the TS stops works much better than the Risk/Reward stops and/or the ZigZag stop.
Personally, I do not have as much patience to trade on a 4H timeframe but if that is better than I'm going to do it! However, you do have to purchase a VPS for this because the Trailingstops only work on an active platform on your local PC at home or in this case a VPS. The time settings in the EA prevent a new position is taken but the current trade must be managed and that only happens if you have an active platform. I hope this is clear to everyone

I'm going to try something this week on a 15M timeframe and maybe even a 5M!

Of course, very different settings (!) needed for TP and SL. I'm going to try both manual and auto. I have a very good Trademanager for the manual part. Super convenient and very fast.
Keep it simple without too many crappy indicators!
  • #3,458
  • Mar 25, 2018 5:59am Mar 25, 2018 5:59am
Quoting luvene
I really have to apologize to MRDFX because I have not read everything (well). Like many subscribers I am guilty too..... Many of my reactions in the last few days I had to know if I read better I want to say to everyone, please read well the first post of MRDFX and please click on the links that he has placed and you already know a lot! I believe MRDFX for 100% when he writes that the TS stops works much better than the Risk/Reward stops and/or the ZigZag stop. Personally, I do not have as much patience to...
In order to keep this thread alive and not wind up in the commercial part of FF please do not revere to commercial packages like TraderAgent.

@mrdfx, keep an eye on that.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,459
  • Mar 25, 2018 6:04am Mar 25, 2018 6:04am
Quoting FxMadness
{quote} In order to keep this thread alive and not wind up in the commercial part of FF please do not revere to commercial packages like TraderAgent. @mrdfx, keep an eye on that.
Oh sorry! I am aware of no harm. Will not do it again. I removed the name of the Trademanager in my previous post.
Keep it simple without too many crappy indicators!
  • #3,460
  • Mar 25, 2018 9:07am Mar 25, 2018 9:07am
This is a interesting strategy. I have never thought about using the zigzag arrow indicator before since it repaints, but using the other confirming methods, the strategy seems to give rather good entrance signals. Kudos mrdfx.

I would like to implement the strategy with a slight twist however. I would like to have the EA to enter a trade, and only exit at a opposite confirmed signal. One trade at a time per pair. After a few months to a year of data trading this way, it will be easy to go back and see how to optimize the exit strategy. We could see where a good average SL can be placed, or a trailing stop may be better implemented after a certain pip point where the trades have historically retraced at. Etc etc. I think having a base of max and min pips would be a good base point to go back and find some good data points to further better this strategy.
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