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Simple Daily Trend Reversal Trading System

  • #3,561
  • Mar 27, 2018 10:01am Mar 27, 2018 10:01am
Quoting carddard
{quote} Mrdfx! Here you are. Is your TE running full auto or do you do discretionary closing too?
The TE is running on full auto, however if I see something weird I might use discretion to close early or not take a signal if I think its not valid based on my analysis.

Remember the strategy is not perfect, it has its flaws, and the EA is an excellent tool, and compliments this strategy nicely, but like all EA's you can't leave it completely alone.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,562
  • Mar 27, 2018 10:03am Mar 27, 2018 10:03am
Quoting FxMadness
Ouch, wrong time and place ?? {image} ps. That's an EA sell.
Yeah saw that as well, luckily I already had a previous EU sell, so the position was not opened, same as GC and GU.

I'll keep an eye to see what happens.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,563
  • Mar 27, 2018 10:12am Mar 27, 2018 10:12am
Hello everybody!

To EA started to manage my orders open manually, do I need to change the magic number?
If so, what magic number is needed?
Or do you need a second chart with EA set up for manual orders?

Thank you
  • #3,564
  • Mar 27, 2018 10:16am Mar 27, 2018 10:16am
Quoting mrdfx
{quote} Yeah saw that as well, luckily I already had a previous EU sell, so the position was not opened, same as GC and GU. I'll keep an eye to see what happens.
My account is relative new so you are lucky (or unlucky, time will tell) here.
At least you saw the signal because it would be really weird if pepper9 and pepper10 generate different signals.....

Btw. it is time to change your signature. (gbpchf)
Attached Image (click to enlarge)
Click to Enlarge Name: change.PNG Size: 5 KB
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,565
  • Mar 27, 2018 10:40am Mar 27, 2018 10:40am
Quoting FxMadness
{quote} My account is relative new so you are lucky (or unlucky, time will tell) here. At least you saw the signal because it would be really weird if pepper9 and pepper10 generate different signals..... Btw. it is time to change your signature. (gbpchf) {image}
Things can still turn around (maybe), for example EG was running in DD in the first 2-3 days, and then came back to close in profit after5 days of holding.

My signature? Change what in my signature?
Truth is like poetry. And most people f*cking hate poetry.
  • #3,566
  • Mar 27, 2018 10:42am Mar 27, 2018 10:42am
Quoting dmlp14
Hello everybody! To EA started to manage my orders open manually, do I need to change the magic number? If so, what magic number is needed? Or do you need a second chart with EA set up for manual orders? Thank you
You do not need to change the magic number unless you want to.

You can choose whether to use the EA in manual or auto.

Please go back and read the thread before posting again.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,567
  • Mar 27, 2018 10:53am Mar 27, 2018 10:53am

***POST 1 UPDATED!***

Truth is like poetry. And most people f*cking hate poetry.
  • #3,568
  • Mar 27, 2018 10:54am Mar 27, 2018 10:54am
Quoting mrdfx
{quote} Things can still turn around (maybe), for example EG was running in DD in the first 2-3 days, and then came back to close in profit after5 days of holding. My signature? Change what in my signature?
gbpchf -48.80 pips +$3,94 ....
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,569
  • Mar 27, 2018 10:58am Mar 27, 2018 10:58am
Quoting mrdfx
***POST 1 UPDATED!***
A come on.
I have read and reread that post a dozen times, at least give a clue.....
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,570
  • Mar 27, 2018 11:08am Mar 27, 2018 11:08am
Quoting FxMadness
{quote} gbpchf -48.80 pips +$3,94 ....
Black magic? I'm afraid to ask how XD
Building a Freedom All Time Return: 5,178.8%
  • #3,571
  • Edited 11:40am Mar 27, 2018 11:23am | Edited 11:40am
Quoting J1mm
{quote} Black magic? I'm afraid to ask how XD
Nothing magical about it.

I saw that gbpchf trade go the wrong way but i know the pound always traces back.
Removed the stoploss on the EA (~ 70 pips) so the trades would not close and allowed the trades to run further into negative territory (that's the risk).
When my other signals (mainly strength) signaled it is time to reverse i manually opened a trade twice the size in the intended direction of the original(s).
Why ?, because i saw it as very unlikely that the first trades where able to even reach breakeven (way to far away) and i did not want to lose.
So that single trade i entered only needed half the pips from the original to cancel those losses and end up in profit.

Btw on the first try i set a MT4 trail of 10 pips which proved to be to small so that double trade closed to early (but still in a little profit).
I had to monitor the chart for the second try.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,572
  • Mar 27, 2018 12:04pm Mar 27, 2018 12:04pm
hey
ebeckers, SupportResistance.ex4 anything wrong or is it okay ?
Attached Image
  • #3,573
  • Mar 27, 2018 12:52pm Mar 27, 2018 12:52pm
Quoting mrdfx
{quote} You do not need to change the magic number unless you want to. You can choose whether to use the EA in manual or auto. Please go back and read the thread before posting again.
mrdfx you do not understand me.

I'm interested in order management in auto mode, since I simultaneously trade with your EA another trading system and I liked the trailing stop.

That's why I asked what you need to do to EA to take my orders open manually.

Maybe someone knows a similar trailing stop?

Thank you
  • #3,574
  • Mar 27, 2018 1:06pm Mar 27, 2018 1:06pm
First, I would like to acknowledge all the hard work people have done on this thread, especially mrdfx and ebeckers.

I think I may have made a small discovery about the behaviour of the EA, that may be a cause of some of the previous comments.

I have the EA running on 2 different laptops, on 2 different accounts, at the same broker (Pepperstone). I left the EA running overnight (Canada time) on both laptops. One laptop continued to run all night and took 3 trades GBPUSD, USDCHF and EURUSD, each at the close of a 4 hour candle. The other laptop went into sleep mode and the EA didn't run, therefore the 3 trades were not triggered. However, when I took the "sleeping" laptop off sleep mode the 3 trades immediately triggered (not at the end of a 4 hour candle), and even though the 3 trades on the other laptop that had continued running all night had reached TP and closed.

So this tells me that the EA will trigger any valid trades (showing a sell or a buy in the dashboard) at the time the EA is activated or when a computer is started. This of course may not align with the time the valid trade was actually triggered by the EA.

Based on this experience, if you are serious about trading the EA live, I would recommend
1. using a VPS
2. activating the EA when the market is closed (i.e. on a weekend), or
3. activating the EA during the week when there are no valid trades showing in the dashboard.
If for some reason you activate the EA during the week when there are valid trades showing in the dashboard then you should seriously consider cancelling them immediately, even if it means a small loss.

Hope this helps.
  • #3,575
  • Mar 27, 2018 1:30pm Mar 27, 2018 1:30pm
What should I do to change the stop loss and take profit?
  • #3,576
  • Mar 27, 2018 1:41pm Mar 27, 2018 1:41pm
Quoting pakeha
First, I would like to acknowledge all the hard work people have done on this thread, especially mrdfx and ebeckers. I think I may have made a small discovery about the behaviour of the EA, that may be a cause of some of the previous comments. I have the EA running on 2 different laptops, on 2 different accounts, at the same broker (Pepperstone). I left the EA running overnight (Canada time) on both laptops. One laptop continued to run all night and took 3 trades GBPUSD, USDCHF and EURUSD, each at the close of a 4 hour candle. The other laptop went...
No, it doesn't

Trading forex is a 24/7 game.
Not 24/5 but 24/7 because you need the 24/2 to analyze what has gone wrong or right with your trades in the past /5.
People who think that they can close their "laptop ?? really ?" or use the pc to look up recipes or porn sites over the weekend and start trading on Sunday again are so wrong.

If you are not trading on a demo account with "make belief" money and profits it is serious business.

Sorry if i do not meet the standards of "nice and polite answering" here.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,577
  • Mar 27, 2018 1:58pm Mar 27, 2018 1:58pm
Quoting hmhmaa1983
{quote} Hi Keithlim2, I have the same issue to load EA into system. Have you found a solution for wininet.dll?
WARNING: This version is intended for my personal use. Use at your own risk.

That being said, here is a no DLL version:

Basically it is the same as the latest version - v. 1.21, except:

1.) DLL removed, including all options for News Filter since the @mrdfx dropped the newsfilter at @FxMadness' suggestion.
Again, you will see no News Filter setting in this version.

2.) Added a Money Management Option "Step Lot by Balance"
Here, you may set how much the lot will change per amount change in balance.
Note: You have to set this as: X.XX/YYYYYY. If you do not follow this format, EA will use the fixed lot.
X should be 2 decimal places
Y must have no decimal places

Example:
You want to set 0.04 lot per USD 250 balance. Enter 0.04/250
If account balance is less than USD 250, EA will still open 0.04 lots
If account balance is USD 250 to 499, EA will open 0.04 lots
Once balance reaches USD 500, EA will start opening 0.08 lots

You can use this version in the MetaTrader virtual hosting service. I already tried it.

Tips on using the EA in virtual hosting:
1. Open Charts for all currency pairs you want the EA to trade.
2. Place ANY indicator on ALL the charts you want to trade.
3. Sync the open charts with the server
4. Place the EA on a chart, input settings
5. Sync it to the same server and you're all good.

You need to do this steps in order. If not, the EA will not detect the pairs you want to trade.

Cheers
Attached File(s)
File Type: ex4 SimpleDailyTrendReversal - No DLL.ex4   199 KB | 466 downloads
  • #3,578
  • Mar 27, 2018 2:03pm Mar 27, 2018 2:03pm
This are signals with zigzag candles 3. Really not much thinking I'm not using other filter in EA and its H1. Finally trade in capture seems was a good entry ( a reentry after a false breakout ). Or at least looks that
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (317).png Size: 96 KB
Try don't lose pants never...
  • #3,579
  • Mar 27, 2018 2:14pm Mar 27, 2018 2:14pm
Quoting braintheboss
This are signals with zigzag candles 3. Really not much thinking I'm not using other filter in EA and its H1. Finally trade in capture seems was a good entry ( a reentry after a false breakout ). Or at least looks that {image}
Traders 101, "Recalculating zig/zag should never be used as a leading indicator"
So........what the edge here ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
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