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Simple Daily Trend Reversal Trading System

  • #3,521
  • Mar 27, 2018 2:11am Mar 27, 2018 2:11am
In any case and I believe that trading on 4H is the best, you have to use a VPS or your PC has to be always on and there should be a very good Internet connection. Please, look at the image on CHFJPY. The signal now is much too late but I get the signal any way! Of course we had to step in just after the first red Bar after the ZigZag. That bar closed above the SMA15. I turned my PC on this morning and this is the result of getting the signal way too late.
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Keep it simple without too many crappy indicators!
  • #3,522
  • Mar 27, 2018 2:25am Mar 27, 2018 2:25am
Quoting luvene
In any case and I believe that trading on 4H is the best, you have to use a VPS or your PC has to be always on and there should be a very good Internet connection. Please, look at the image on CHFJPY. The signal now is much too late but I get the signal any way! Of course we had to step in just after the first red Bar after the ZigZag. That bar closed above the SMA15. I turned my PC on this morning and this is the result of getting the signal way too late. {image}
The problem is that you forgot to stop the market when you turned your pc off.
Next time tell forex to stop trading while you are sleeping.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,523
  • Mar 27, 2018 2:48am Mar 27, 2018 2:48am
Quoting FxMadness
{quote} The problem is that you forgot to stop the market when you turned your pc off. Next time tell forex to stop trading while you are sleeping.
This sounds like a good idea, next step would be pause online games too!

I really need to find a good VPS xD
Building a Freedom All Time Return: 5,178.8%
  • #3,524
  • Mar 27, 2018 3:12am Mar 27, 2018 3:12am
I know Mrdfx dropped his testing on D1 time frame , for one or other reasons ( it was "boring" ..lol) , but I still remember results of his testings on this TF returned a 100% winning trades , or 3 winners were widely compensating 1 loosing trade time to time.So, before getting mad trying to mimmic his results on Pepperstone with my broker that has same GMT offset , I am now testing SDTR EA on D1 getting Back to the roots.

As far as I understand , if we can measure candles in pips length ,H4 candles can have different size according to Broker time (clock) they started,but a Daily candle , is a daily candle and have the same size on each and every broker. Correct me if I am wrong.( or should I start to calculate the movement of stars?...lol).

So, for those -like me- that have (almost) gave up, I suggest to not forget to test D1 also ...slow and steady grow ( we will see) ...

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  • #3,525
  • Mar 27, 2018 3:16am Mar 27, 2018 3:16am
Each time I am discovering more and more................by example this morning I could not understand why some trades on 15M timeframe don't open I found the case...... If you want to trade or you want to try trading on 15m (yes, I know guys and gals, 4H seems to be the best) you have to set the parameter in the EA to true "AllowReEntriesOnSamePair" and after that "minsBetween2TradesOnSamePair" at by example 240 minutes...................

After I did, immediately some trades opens...............

You have to read very well, each time I burn my hands
Keep it simple without too many crappy indicators!
  • #3,526
  • Mar 27, 2018 3:29am Mar 27, 2018 3:29am
Sometimes even the EA needs some help with common trading sense to get out of a bad entry without losing $
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I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,527
  • Mar 27, 2018 3:29am Mar 27, 2018 3:29am
I think ZZ rule need improvement. Now we have clear gbp movements but not signals because need 10 H4 candles for confirm it
Try don't lose pants never...
  • #3,528
  • Mar 27, 2018 3:34am Mar 27, 2018 3:34am
In H1 you have some gbp but is useless if you dont use external filters
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Try don't lose pants never...
  • #3,529
  • Mar 27, 2018 3:38am Mar 27, 2018 3:38am
Quoting braintheboss
I think ZZ rule need improvement. Now we have clear gbp movements but not signals because need 10 H4 candles for confirm it
I visually backtested the standalone ZZ indicator changing the params on H4 to see if i could get a faster reaction.
Problem was that it became a "jumper" so it did give an early signal but many times canceled it and jumped to the following bar giving the signal there.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,530
  • Mar 27, 2018 3:44am Mar 27, 2018 3:44am
Quoting FxMadness
{quote} I visually backtested the standalone ZZ indicator changing the params on H4 to see if i could get a faster reaction. Problem was that it became a "jumper" so it did give an early signal but many times canceled it and jumped to the following bar giving the signal there.
ZZ uses % movement for print legs. Time/candles and leg size have correlation. You cant avoid fake legs but you can create strong swing points reducing "repainting"
Try don't lose pants never...
  • #3,531
  • Mar 27, 2018 5:17am Mar 27, 2018 5:17am
Quoting mrdfx
Here is a nice set up forming on GOLD. I'm just waiting for a close below the SMA and will open a sell trade. {image}
You're doing great. What would you do if market trends strongly upward. Would you take the risk to trade the retracement short setup. Just curious.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,532
  • Mar 27, 2018 5:18am Mar 27, 2018 5:18am
Please i need some help. Don't know where else to ask, please allow me Mrdfx. I need an EA that can monitor and close all the trade say when profit or loss is say $10. Please if you know of any, direct me to where i can download it. Thanks.
i have tried to start trades with a trend, now i prefer to follow the trend
  • #3,533
  • Mar 27, 2018 5:24am Mar 27, 2018 5:24am
This is excellent. Good work OP and ebeckers.
I've created a similar dashboard ea for basket trading. I think what would be very useful is a close button on the chart for every symbol to allow discretionary exits. And an overall close button to close all trades. Let me know if you need my help on this. I can get this done in a jiffy. Happy to help.
  • #3,534
  • Mar 27, 2018 5:27am Mar 27, 2018 5:27am
@jereajali - Oh boy ! A lot of EAs of this type are out here and in other forums as well ! I know one of the best ist the "MPTM" coded by Steve Hopwood years ago. It is even now one of the best "Order Manager EA" in the scene. But you may find other EAs managing your trade ... may be someone here knows other less complex Order Managers ?

(BTW - Steve H. isn't active here in FF anymore - look for his own forum in this infinite inet ....)
  • #3,535
  • Mar 27, 2018 5:28am Mar 27, 2018 5:28am
Quoting carddard
This is excellent. Good work OP and ebeckers. I've created a similar dashboard ea for basket trading. I think what would be very useful is a close button on the chart for every symbol to allow discretionary exits. And an overall close button to close all trades. Let me know if you need my help on this. I can get this done in a jiffy. Happy to help.

i think we need something like this and maybe close all trade when profit or loss is say $10
i have tried to start trades with a trend, now i prefer to follow the trend
  • #3,536
  • Mar 27, 2018 5:36am Mar 27, 2018 5:36am
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...
Thanks for the corrections @J1mm. I had to go back and read all posts by Mrdfx and I spotted where he rightly changed ZZ settings from 60 to 40
Wisdom is profitable in all things
  • #3,537
  • Mar 27, 2018 5:41am Mar 27, 2018 5:41am
Quoting jereajali
{quote} i think we need something like this and maybe close all trade when profit or loss is say $10
You can use EAX but it will not work as you expected...
Try don't lose pants never...
  • #3,538
  • Mar 27, 2018 5:46am Mar 27, 2018 5:46am
Quoting FxMadness
{quote} 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.
Quite well you're a more experienced trader, showing from your posts. But it would be nice of you to do as much as you can to guide the newbies with all of your experience where necessary, instead of tongue lashing.

From my earlier posts, you could see i was only asking for clarity from Mrdfx, cos i was somewhat confused at that point.

Where I come from, we believe nobody is above mistakes...

Try to be more courteous in the posts you make @FXMadness, I don't know it all, and I obviously seek to learn
Wisdom is profitable in all things
  • #3,539
  • Mar 27, 2018 6:01am Mar 27, 2018 6:01am
Quoting J1mm
It's really nice that you guys are starting to contribute to the post, but I think is not really good starting to share new EA's based on this one without proper testing and proof that is in fact, improving the current one. In my opinion this will only add confusion and at the end, we will have plenty of people using different EA and complaining that they don't get same trades as the other ones, creating a mess, confussion and not helping at all. From my side, I will just stick to mrdfx/ebeckers EA and .SET files, test them and until someone else...
Well Said! I agree with you 100%
Wisdom is profitable in all things
  • #3,540
  • Mar 27, 2018 6:22am Mar 27, 2018 6:22am
Quoting braintheboss
{quote} You can use EAX but it will not work as you expected...
Thanks, checking it out
i have tried to start trades with a trend, now i prefer to follow the trend
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