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Simple Daily Trend Reversal Trading System

  • #3,621
  • Mar 28, 2018 9:26am Mar 28, 2018 9:26am
Quoting luvene
{quote}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.
Im talking about find the right moment. If EA SR and ZZ are main lead signals when you get a probable swing area its not convenient delay entry much. As trade is a balance between risk and profit if you want enter you have do it closer to signal area. If you delay confirmation you have more probability of do it in worst place
Try don't lose pants never...
  • #3,622
  • Mar 28, 2018 9:28am Mar 28, 2018 9:28am
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}
U mean, there was a red arrow back there (6-7 candles from the last), but it vanished (repainted) and moved to the last candle now?
Well, maybe this is because the ZZ depth setting: 40. If we use 60, it might not showed any red candle, hohoho.
But it's okay mrdfx, we cannot accept only good result. Your overall system is very good already.
Luckily, I myself dont trade cross pairs like CAD/JPY, only 7 major (USD) pairs, plus gold. And back then (till now), i've been buying USD/JPY. Still floating in 100+ pips profit

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...
I think u should keep the parameters set which have been proved profitable in several months. We all know that there is no perfect EA, but changing the parameters each time u get a loss, is a big mistake people usually do in trading (including me). Just stick to the system guys, and accept the loss as a part of the system.
Each setting will work on some situation, and not for other time. That's the big challenge in EA, right? Finding the best overall setting, which works for all pair, and all situation, is very hard indeed.
  • #3,623
  • Mar 28, 2018 9:40am Mar 28, 2018 9:40am
Quoting immanuel77
{quote} U mean, there was a red arrow back there (6-7 candles from the last), but it vanished (repainted) and moved to the last candle now? Well, maybe this is because the ZZ depth setting: 40. If we use 60, it might not showed any red candle, hohoho. But it's okay mrdfx, we cannot accept only good result. Your overall system is very good already. Luckily, I myself dont trade cross pairs like CAD/JPY, only 7 major (USD) pairs, plus gold. And back then (till now), i've been buying USD/JPY. Still floating in 100+ pips profit {quote} I think...
You want a system only works temporarily or you want one solid like a stone? Then you must fix the weaks and dont think is all done. When you have a bad day is not a rare event. Its a warning things can go worst if market sync to your weakness. That is reason good systems fails along long term. Its like drive a car forcing your skills. One day a mistake is saved, a second too but one day you have a fatal day and you die...
Try don't lose pants never...
  • #3,624
  • Mar 28, 2018 9:59am Mar 28, 2018 9:59am
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}
Strange.. mrdfx are you running v1.21 EA on 100% auto-trading for the TE?

If you are, I'm using the exact latest .set from ->https://www.forexfactory.com/showthr...6#post10895866 and running the EA live on auto-trading, with the exact same broker (PS).. well basically everything identical..

but my ea didn't take the GBP/CAD and the NZD/JPY trades today.. only took the CAD/JPY & AUD/CHF

Any reasonable explanations, in your opinion? I've been cracking my head over it.. unless its a coding issue..


p.s. I never did thank you for your generosity in sharing this system so thank you mrdfx! And thank you ebeckers for the ea!
p.p.s. I'm omy catching up reading the entire thread, currently at page 85!
  • #3,625
  • Edited 11:02am Mar 28, 2018 10:01am | Edited 11:02am
Btw mrdfx, with the availability of EA, do u still doing your manual trading, using the exact rule as in post #1?

We know that it is very different from EA, in terms of MM. The basic strategy is same, but there are very big differences:
1. Regarding TP, in manual trade, usually u let the trade run until the opposite ZZ arrow show up, or using hard TP of 50, or fibonacci levels. I know that since EA ver 1.13, it also does auto-close at the opposing arrow, but most of the time the trades are closed before it by the Trailing Stop system (which only gives 10 pip trail). They usually stop out at 30 or 40 pips. Also, there is no option to set hard TP in EA.

(To eBeckers, can u pls give the option to disable trailing stop system, so I can let the profit run until the opposing ZZ arrow show up?)

2. Regarding SL, the EA sets initial hard SL at 70 pips, while you (if any) place the SL in the last swing in manual trading. For some high-volatility pair like GJ 4H, 70 pips is too small. It can go 100+ pips before reaching the last swing, but then bounce back to profit zone.

3. You use ZZ depth of 60 in manual trading, while the EA uses 40 (more signal shows up)

4. You, of course, lose the "PA monitoring" ability, as the EA cannot do that. While in manual trading, u can enter in the middle of 4H candle, in such special situation when the momentum is high.

etc..
Those differences in MM and rules, definitely DO make a big difference in the result.

I mean, you have traded manually (with manual rules and MM) for about 1 year, and proved to be success. Are u still doing it now? Cos honestly I'm interested to that well-proven method

(Dont get me wrong, eBeckers, I have no slightest intention to disrespect your EA work, no, it is a great work already, and is very helpful. Who doesn't like making money while sleeping? )
  • #3,626
  • Mar 28, 2018 10:13am Mar 28, 2018 10:13am
Quoting braintheboss
{quote} You want a system only works temporarily or you want one solid like a stone? Then you must fix the weaks and dont think is all done. When you have a bad day is not a rare event. Its a warning things can go worst if market sync to your weakness. That is reason good systems fails along long term. Its like drive a car forcing your skills. One day a mistake is saved, a second too but one day you have a fatal day and you die...
Yeah, u're right.

I just meant, don't completely change the setting over just one loss. (U know, beginners tend to do this. Changing setting too quickly, even changing strategy too quickly)
IMO, keep it for a long enough time (ideally 1 year), then evaluate it. I know it takes much time, but it is needed, as the real test is forward test, no backtest will ever be in the same league.

While testing it, ofc u are free to try different settings in parallel, just dont easily abandon this one.

And, the tricky part is, your "new" setting will also need 1 year to prove it's reliability, hohoho.

Why 1 year? Because it's a complete trading season, winter and summer time, DST on and off.

CMIIW.
(Im sorry, apparently u're much more experienced than me, BTB )
  • #3,627
  • Mar 28, 2018 10:22am Mar 28, 2018 10:22am
Well, you can do a proper backtest with the correct data, but then, you would have to pay for this data hehe, backtesting with what MT4 provides seems not a good idea from what I see.
Building a Freedom All Time Return: 5,178.8%
  • #3,628
  • Mar 28, 2018 10:22am Mar 28, 2018 10:22am
Quoting MarshallR
{quote} Strange.. mrdfx are you running v1.21 EA on 100% auto-trading for the TE? If you are, I'm using the exact latest .set from ->https://www.forexfactory.com/showthr...6#post10895866 and running the EA live on auto-trading, with the exact same broker (PS).. well basically everything identical.. but my ea didn't take the GBP/CAD and the NZD/JPY trades today.. only took the CAD/JPY & AUD/CHF Any reasonable explanations, in your opinion? I've been cracking my head over it.. unless its a coding issue.. p.s....
Oops, sorry, but your question has been asked soooo many times here. I dont know if he would answer it or not, hohoho. U can use search tool in top left corner, to search for some keywords, like "different result".

Let me help you a little, the different result can be caused by different time in starting the EA. Although u're using the same broker, if u open two MT4, then u start the EA in different time on those two MT4, the result can be different.
  • #3,629
  • Mar 28, 2018 11:11am Mar 28, 2018 11:11am
Long term.
Disable trailing and just enter and wait.

And for those with losing yen trades, it just slide No idea why.
Attached Image (click to enlarge)
Click to Enlarge Name: yenslide.PNG Size: 24 KB
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,630
  • Mar 28, 2018 11:15am Mar 28, 2018 11:15am
Quoting MarshallR
{quote} Strange.. mrdfx are you running v1.21 EA on 100% auto-trading for the TE? If you are, I'm using the exact latest .set from ->https://www.forexfactory.com/showthr...6#post10895866 and running the EA live on auto-trading, with the exact same broker (PS).. well basically everything identical.. but my ea didn't take the GBP/CAD and the NZD/JPY trades today.. only took the CAD/JPY & AUD/CHF Any reasonable explanations, in your opinion? I've been cracking my head over it.. unless its a coding issue.. p.s....
If you reading from the beginning then you must have missed first page where you have your answer.
Attached Image (click to enlarge)
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  • #3,631
  • Mar 28, 2018 11:51am Mar 28, 2018 11:51am
Quoting zeramlakireg
{quote} 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?
Tickmill_DemoUK
Attached File(s)
File Type: txt SDTR_Modif_H4.set.txt   3 KB | 367 downloads
  • #3,632
  • Mar 28, 2018 11:57am Mar 28, 2018 11:57am
Quoting gilles
{quote} Tickmill_DemoUK {file}
Thanks. Will update you when the bug is fixed.
  • #3,633
  • Mar 28, 2018 12:39pm Mar 28, 2018 12:39pm
Quoting majamivice
{quote} If you reading from the beginning then you must have missed first page where you have your answer.{image}

Well i did in fact read that post.. and no it doesn't answer my question because that was specifically for (1) different brokers, and (2) trades that didn't appear on the TE (mine was the opposite, but i didn't had trades from those pairs before either).

But thanks anyway, its probably just what immanuel77 said ..." different time in starting the EA.." though I don't quite understand the logic behind that.

Cheers

Quoting immanuel77
{quote} Oops, sorry, but your question has been asked soooo many times here. I dont know if he would answer it or not, hohoho. U can use search tool in top left corner, to search for some keywords, like "different result". Let me help you a little, the different result can be caused by different time in starting the EA. Although u're using the same broker, if u open two MT4, then u start the EA in different time on those two MT4, the result can be different.
  • #3,634
  • Mar 28, 2018 2:15pm Mar 28, 2018 2:15pm
Quoting MarshallR
{quote} Well i did in fact read that post.. and no it doesn't answer my question because that was specifically for (1) different brokers, and (2) trades that didn't appear on the TE (mine was the opposite, but i didn't had trades from those pairs before either). But thanks anyway, its probably just what immanuel77 said ..." different time in starting the EA.." though I don't quite understand the logic behind that. Cheers {quote}
That "logic" lies in EA setting, which avoids taking re-entries on the same pair & same signal. Or else, if u set to allow, it also has a time window until the EA is allowed to open a re-entry.

Have you read the EA's manual (pdf) in the first post? You can get these information inside
  • #3,635
  • Mar 28, 2018 9:39pm Mar 28, 2018 9:39pm
Quoting MarshallR
{quote} Strange.. mrdfx are you running v1.21 EA on 100% auto-trading for the TE? If you are, I'm using the exact latest .set from ->https://www.forexfactory.com/showthr...6#post10895866 and running the EA live on auto-trading, with the exact same broker (PS).. well basically everything identical.. but my ea didn't take the GBP/CAD and the NZD/JPY trades today.. only took the CAD/JPY & AUD/CHF Any reasonable explanations, in your opinion? I've been cracking my head over it.. unless its a coding issue.. p.s....
Marshall , how lucky you are joining FF today and landing on this thread where the strategy exposed is the nearest to the holy grail we are all questing
for so much time. As you are trading the system LIVE , on the same broker , with the same settings , same everything , the only explanation that comes to my mind
would be different server locations ( PPS have several) , and the H4 CHART where the EA is at work. Mrdfx has his on a -non tradable pair- ( not in his pair list) wether is XAUUSD or EURTRY ...., so maybe the "ticks" or feed might be different , maybe BTB or FXM have an opinion on this. Would be nice if you drop your settings here
so , we can have a look inside.

I do NOT want to think that this strategy is already pinpointed by the algorythms running on broker or liquity providers supercomputers ...and the anti-bots they have in their arsenal are already doing their job to send false signals. This would be another theory conspiracy....but if they are smart and having this kind of reverse engineering capabilities ..they should wait till there is at least 200 followers with over a million bucks involved...this will be soon.lol.
  • #3,636
  • Mar 28, 2018 9:50pm Mar 28, 2018 9:50pm
update on SDTR EA running on D1

Attached Image (click to enlarge)
Click to Enlarge Name: mrdfx on D1 wednesday.png Size: 48 KB
  • #3,637
  • Mar 29, 2018 12:07am Mar 29, 2018 12:07am
Quoting immanuel77
{quote} That "logic" lies in EA setting, which avoids taking re-entries on the same pair & same signal. Or else, if u set to allow, it also has a time window until the EA is allowed to open a re-entry. Have you read the EA's manual (pdf) in the first post? You can get these information inside
Yeah I did, i guess that's the only reasonable explanation that the same signal was triggered earlier for OP thus not re-triggering.

Cheers
  • #3,638
  • Mar 29, 2018 12:12am Mar 29, 2018 12:12am
Quoting stefdek
{quote} Marshall , how lucky you are joining FF today and landing on this thread where the strategy exposed is the nearest to the holy grail we are all questing for so much time. As you are trading the system LIVE , on the same broker , with the same settings , same everything , the only explanation that comes to my mind would be different server locations ( PPS have several) , and the H4 CHART where the EA is at work. Mrdfx has his on a -non tradable pair- ( not in his pair list) wether is XAUUSD or EURTRY ...., so maybe the "ticks" or feed might...
Well, I've just been following this thread from the shadows that's all

I don't know if that kind of reverse engineering is possible, i sure hope not!

Cheers
  • #3,639
  • Mar 29, 2018 1:17am Mar 29, 2018 1:17am
Each time I discover more and more regarding the settings in the EA. Many questioning people should do the same or you have to read everything from the beginning. I know, it is a lot but.............. if you don't want to do that try some settings with a fast timeframe like 5M or 1M. You can learn a lot with these settings because it happens fast.
Keep it simple without too many crappy indicators!
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