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Simple Daily Trend Reversal Trading System

  • #3,601
  • Mar 28, 2018 12:59am Mar 28, 2018 12:59am
Quoting ficibald
{quote} Yes. And basicly trend reversal on 4h can be trend following on weekle candle
For early entry?
Make all mistakes in demo and rain in pips in live account
  • #3,602
  • Mar 28, 2018 1:26am Mar 28, 2018 1:26am
Quoting 9jatrader
{quote} For early entry?
I just mean on 4h trend is reversal from long to short,but in weely there is downtrend
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  • #3,603
  • Mar 28, 2018 2:01am Mar 28, 2018 2:01am
Quoting ficibald
{quote} I just mean on 4h trend is reversal from long to short,but in weely there is downtrend {image} {image}
Ok
Make all mistakes in demo and rain in pips in live account
  • #3,604
  • Mar 28, 2018 2:09am Mar 28, 2018 2:09am
@mrdfx I studied thoroughly your TE. It is amazing my friend. I don't understand why people questioning so much about this and about that and trying to make it even better. I am going for the next few days and weeks with one demo account using your settings on 4H with the EA of E.Beckers v1.22 which is the updated one of DISP22. He discovered an issue about news and time parameters in the EA.

With another demo account I am going to use nearly almost the same settings except I don't use the S/R for the Daily and Weekly. That will be the only difference comparing to your settings. We'll see.

One remark : I don't like to turn on my PC for 24/7 and in the past I ordered many times a VPS. I have read that you don't use a VPS and that you use one of your laptops for this. What are your experiences about that. You never lost the connection or something like that?

Keep up the good work!

For a long time we don't hear anything from Erwin Beckers, my fellow countryman. I've seen that he is active now and then at FF but he is not active at the moment in this topic. I am just curious what he ls doing these days

Best Regards,
Luvene
Keep it simple without too many crappy indicators!
  • #3,605
  • Mar 28, 2018 2:41am Mar 28, 2018 2:41am
Quoting zeramlakireg
{quote} There is an error for sure. But I am not a programmer, so I will inform the one who coded this version. Thanks again for reporting it.
Hi everyone,

many thanks to ebeckers and mrdfx for this great system! Thank you..

zeramlakireg, i had the same pb as J1mm.
I put it in a separate window in order to compare entries and profitability.
When I stopped the original ea everything went well.
On the other hand, I had a lot more profit with your ea than with the original .

Regards,
Gilles.
  • #3,606
  • Mar 28, 2018 3:49am Mar 28, 2018 3:49am
Quoting beethoven
{quote} can you post the v1.22 or link please ? i got some issue with mt4
No offense my friend but it is very easy to find it yourself It is not that I don't want to help you, certainly not but please........ everybody is asking the same things over and over again. In my last post you can see that this version was made by DISP22. Use the search button in the upper tight corner and fill in "disp22" and voila. You get a few hits, one of them is your "price".

Good luck.

Note : I suppose you have find it already because I can't find your posting any longer asking for a link
Keep it simple without too many crappy indicators!
  • #3,607
  • Mar 28, 2018 4:00am Mar 28, 2018 4:00am
Quoting gilles
{quote} Hi everyone, many thanks to ebeckers and mrdfx for this great system! Thank you.. zeramlakireg, i had the same pb as J1mm. I put it in a separate window in order to compare entries and profitability. When I stopped the original ea everything went well. On the other hand, I had a lot more profit with your ea than with the original . Regards, Gilles.
It's possible that it just so happened that the repeating trades closed in profit, so it seemed more profitable. I already messaged the coder, but he is yet to reply. May I know the settings you used?
  • #3,608
  • Mar 28, 2018 5:16am Mar 28, 2018 5:16am
Quoting nbhatti
{quote} hello today i see that gbpcadf is opened in TE..but when i see it does not loook valid signal? mr mdfx u doing some expeiment on ea in TE??
GBPCAD was valid.

No experiments on the TE.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,609
  • Mar 28, 2018 5:20am Mar 28, 2018 5:20am
Quoting luvene
@mrdfx I studied thoroughly your TE. It is amazing my friend. You never lost the connection or something like that? Keep up the good work! Best Regards, Luvene
I was running the TE on a VPS, but had some refresh issues so I moved it back to my laptop. My laptop runs 24/5 with no issues, and my internet is excellent.

I will probably change VPS providers soon and then load the TE account back to the VPS, only cos my laptop is running 5 MT4 platforms simultaneously and it needs a break.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,610
  • Mar 28, 2018 5:26am Mar 28, 2018 5:26am
This Ea can be tested. To make a backtest, just remove all pairs from the parametres of EA, and left one what you whant to test it. Then chek like this every pair, and take the very best parametres for tf,indicators, sl, tp, etc.And fiend the best of them and trade them.
  • #3,611
  • Mar 28, 2018 5:28am Mar 28, 2018 5:28am
Ouch took some knocks today.

I can't understand the JPY pairs, they were both valid sells, but then JPY just got weaker in the last cpl hrs and killed both trades.
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Truth is like poetry. And most people f*cking hate poetry.
  • #3,612
  • Mar 28, 2018 5:38am Mar 28, 2018 5:38am
Quoting mrdfx
Ouch took some knocks today. I can't understand the JPY pairs, they were both valid sells, but then JPY just got weaker in the last cpl hrs and killed both trades. {image} {image}
Market don't follow any logic since brexit. Sometimes you will have luck and others will not...
Try don't lose pants never...
  • #3,613
  • Mar 28, 2018 5:46am Mar 28, 2018 5:46am
Quoting mrdfx
Ouch took some knocks today. I can't understand the JPY pairs, they were both valid sells, but then JPY just got weaker in the last cpl hrs and killed both trades. {image} {image}
Hehe, mine took EURUSD sell this morning >: ) if my analysis is correct this is going to be in huge profit... X_X I could just stop it for 40 easy pips.
Building a Freedom All Time Return: 5,178.8%
  • #3,614
  • Mar 28, 2018 5:48am Mar 28, 2018 5:48am
Quoting braintheboss
{quote} Market don't follow any logic since brexit. Sometimes you will have luck and others will not...

Market is game of probability.
Make all mistakes in demo and rain in pips in live account
  • #3,615
  • Mar 28, 2018 5:54am Mar 28, 2018 5:54am
I still think ZZ lookback is big for H4. I had buy in one jpy pair using lower TF and ZZ lookback
Try don't lose pants never...
  • #3,616
  • Mar 28, 2018 5:57am Mar 28, 2018 5:57am
Quoting mrdfx
Ouch took some knocks today. I can't understand the JPY pairs, they were both valid sells, but then JPY just got weaker in the last cpl hrs and killed both trades. {image} {image}
strangely i did not have the arrow..so to me they were not valid sells and buy..i dont know why it counted as valid sell in nzdjpy and bpcad buy
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  • #3,617
  • Mar 28, 2018 6:01am Mar 28, 2018 6:01am
Quoting mrdfx
Ouch took some knocks today. I can't understand the JPY pairs, they were both valid sells, but then JPY just got weaker in the last cpl hrs and killed both trades. {image} {image}
I hope you did not get stopped out just a bit to fast.
They seem to start a new swing looking at a lower tf.

And on a happier but offtopic note pre-market facbook sliding again and i am nicely short.

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I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,618
  • Mar 28, 2018 6:10am Mar 28, 2018 6:10am
Quoting braintheboss
I still think ZZ lookback is big for H4. I had buy in one jpy pair using lower TF and ZZ lookback
I agree. If you set it at 10, this means the signal is still valid as long the last candle which close below or above the SMA15 <=10 related to the ZigZag arrow. 10 candles means 40 hours.......
Much too long in my opinion. Several options to change :

1. Change Lookback for confirmation by example to 5, MBFX candles too at 5.......
2. Change the parameter of the SMA15 to SMA10 or 8 or.................

It's all about choices.

I am trying to make a good system on the 15m and 1H, these timeframes need a different setting, not only for lookback confirmation but also for many other parameters like S/R and TrailingStops and profit targets.
Keep it simple without too many crappy indicators!
  • #3,619
  • Edited 6:31am Mar 28, 2018 6:16am | Edited 6:31am
Quoting luvene
{quote}I agree. If you set it at 10, this means the signal is still valid as long the last candle which close below or above the SMA15 <=10 related to the ZigZag arrow. 10 candles means 40 hours....... Much too long in my opinion. Several options to change : 1. Change Lookback for confirmation by example to 5, MBFX candles too at 5....... 2. Change the parameter of the SMA15 to SMA10 or 8 or................. It's all about choices. I am trying to make a good system on the 15m and 1H, these timeframes need a different setting, not only for lookback...
Problem with lookback is every pair have his rhythm and retrace length in a swing area is different. And to use big lookback can work in fake swings but in real swings you miss the entry and that entry is you dont want miss because strategy is waiting that entry precisely. For fake swings you have many ways to minimize the loss
Try don't lose pants never...
  • #3,620
  • Mar 28, 2018 7:13am Mar 28, 2018 7:13am
Quoting braintheboss
{quote} Problem with lookback is every pair have his rhythm and retrace length in a swing area is different. And to use big lookback can work in fake swings but in real swings you miss the entry and that entry is you dont want miss because strategy is waiting that entry precisely. For fake swings you have many ways to minimize the loss
We have to take care not to make it too complicated. You can not just have winning trades. For the time being I will remain trying on 4H timeframe at 10/10 setting Lookback and with 1H, 15M and 5M (!) I will try with 5/5. The faster the timeframe, the more momentum needed. At least that's what I think. On 15 and 5M stoploss at 20 and if 10 pips winning HSL adjusted for the first time to BreakEven.
Keep it simple without too many crappy indicators!
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