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Simple Daily Trend Reversal Trading System

  • #3,643
  • Mar 29, 2018 1:31am Mar 29, 2018 1:31am
Different Brokers ... Broker names withheld for obvious thread reasons but I am sure you can work it out for yourself.
Both brokers GMT +3
Identical pairs, just in a different order so ...
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When you are successful perhaps give a thought to others ... Kiva dot org
  • #3,644
  • Mar 29, 2018 1:33am Mar 29, 2018 1:33am
@mrdfx I am curious about the following, maybe you analysed it already? Your time-settings with Pepperstone and because of your country I understand that it is London 10AM local. I do the same with one of my demo accounts. In my opinion, 1 hour too late, I know and understand we have to make a choice because of the 4H timeframe. Starting at 6.00 AM London is late Asian session.

However, it can be interesting trying 24/7 trading . What do you think? Of course, in that case we trade on the Asian session too, but so what!

For as it is now, if we have a signal in the early session of Asia or Asia general, and this signal is still valid at 10.00 AM London local time, the signal will be triggered at that time.....It is a little late and we missed the momentum........Do you agree?

We can avoid these signals, please correct me if I am wrong (!) decreasing the amount of lookbacks Bars from 10 to 2 or 3 but if you do there will be less signals in general and we don't want that.

I am looking forward to your reply
Keep it simple without too many crappy indicators!
  • #3,645
  • Mar 29, 2018 1:44am Mar 29, 2018 1:44am
EA TF is enough big for filter broker differences. Evidently in rare cases entries will not taken but nothing serious for worry. I think problem is SR bug. People is using 1.21?
Try don't lose pants never...
  • #3,646
  • Mar 29, 2018 1:53am Mar 29, 2018 1:53am
Quoting braintheboss
EA TF is enough big for filter broker differences. Evidently in rare cases entries will not taken but nothing serious for worry. I think problem is SR bug. People is using 1.21?
I am using 1.22, the one from member DISP22. He updated an issue concerning time and news.
Keep it simple without too many crappy indicators!
  • #3,647
  • Mar 29, 2018 2:08am Mar 29, 2018 2:08am
Quoting luvene
{quote}I am using 1.22, the one from member DISP22. He updated an issue concerning time and news.
I think many uses 1.21. Maybe its the reason sometimes they don't have signals
Try don't lose pants never...
  • #3,648
  • Mar 29, 2018 4:58am Mar 29, 2018 4:58am
This is not an absolutely fair result because my laptop was turned off from 7pm on 26th until 7pm on 27th but still the EA has produced some plus pips since I loaded the EA onto my FXChoice demo account. I am using the standard set file.
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  • #3,649
  • Mar 29, 2018 8:27am Mar 29, 2018 8:27am
Quoting immanuel77
Btw mrdfx, with the availability of EA, do u still doing your manual trading, using the exact rule as in post #1?
Recently with the success of the EA I am using it now for signals, no manual trading of this strategy. Yes same rules. The EA follows the same rules, nothing has changed besides the addition of the SR filter by ebeckers.

Quote
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?)

You can do that already, and this topic has been covered in previous discussions. Please check post 1.

Quote
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.

Incorrect. Please read back to previous discussions about this. You can choose what SL you want to use.

Quote
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...

In the beginning I was using 60, but have since updated to zigzag 40 only. You can still monitor PA with the EA by analyzing the panel and seeing what pairs are listed for further analysis. Of course manual charting and human discretion can never be 100% replicated by an EA, but we have got pretty close to a sustainable successful EA with this strategy, and its making money.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,650
  • Mar 29, 2018 8:42am Mar 29, 2018 8:42am
The chart doesn't load with template when clicking pairs on the panel.I HAVE TO MANUALLY PUT THE TEMPLATE EACH TIME I OPEN CHART.But ITS perfectly working on other MT4 Terminal ,weird. i have set everything right still.
  • #3,651
  • Mar 29, 2018 8:58am Mar 29, 2018 8:58am
Quoting luvene
@mrdfx I am curious about the following, maybe you analysed it already? it can be interesting trying 24/7 trading . What do you think?
Yes its been tried and tested, did you see the previous tests? Check post 1.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,652
  • Mar 29, 2018 9:05am Mar 29, 2018 9:05am
EA is taking quite good trades today
Building a Freedom All Time Return: 5,178.8%
  • #3,653
  • Mar 29, 2018 9:28am Mar 29, 2018 9:28am
Quoting J1mm
EA is taking quite good trades today
No it didn't
That's because you are on a "fresh" account so there is no history to keep trades from entering in the same direction.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,654
  • Mar 29, 2018 9:38am Mar 29, 2018 9:38am
Quoting FxMadness
{quote} No it didn't That's because you are on a "fresh" account so there is no history to keep trades from entering in the same direction.
There is for me aswell. aud/cad and aud/nzd.
And my last trade on audcad was 3 days ago. So it doesn't need to prevent me from entering.
  • #3,655
  • Mar 29, 2018 10:11am Mar 29, 2018 10:11am
Quoting FxMadness
{quote} No it didn't That's because you are on a "fresh" account so there is no history to keep trades from entering in the same direction.
Found the grail! remove hist and order the Lambo!
Building a Freedom All Time Return: 5,178.8%
  • #3,656
  • Mar 29, 2018 10:24am Mar 29, 2018 10:24am
Quoting J1mm
{quote} Found the grail! remove hist and order the Lambo!
You do not have to remove the history, just set allow re-entries to true and order a Diablo.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,657
  • Mar 29, 2018 10:27am Mar 29, 2018 10:27am
For some reason my VPS froze and I have to restart the mt4, then I noticed that all the history in the EA panel has cleared and started as if it is freshly installed, my worry that with the Re-enyery on the same pair disabled the EA might re-enter on losing trade again if the history cleared after restarting the mt4, has anyone experienced this issue before
  • #3,658
  • Mar 29, 2018 10:34am Mar 29, 2018 10:34am
Quoting SamFx79
For some reason my VPS froze and I have to restart the mt4, then I noticed that all the history in the EA panel has cleared and started as if it is freshly installed, my worry that with the Re-enyery on the same pair disabled the EA might re-enter on losing trade again if the history cleared after restarting the mt4, has anyone experienced this issue before
Demo account brokers sometime do that.
Go to the history tab, click right and select "All history".
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,659
  • Mar 29, 2018 10:43am Mar 29, 2018 10:43am
Quoting mrdfx
So guys I have gone ahead, and closed the chart with the 1:1 RR TP setting. I didn't want to wait till end of the week. After reviewing all the data with this TE, and other EA tests I'm running, the TS setting is ahead every time. I closed the rest of the orders from set 2, and now I will only be running 1 chart, set 1. I have increased the lot size to compensate for the close of set 2 chart. Attached is an update of the set file which I am using now. I have modified the TS settings a little, and disabled the news filter (taken FxMadness...
HI mrdfx, This post is for information only, i am useing the older settings with 2x charts on my live account, Stats of 3 weeks are the the exact oposite to yours, the chart with the 1:1 (set 2) Has made 3x times the profit of set 1.
so i am reluctant to close the chart with set 2.
I know this can be down to many Factors but just thought i would tell you about it, cheers.
  • #3,660
  • Mar 29, 2018 11:47am Mar 29, 2018 11:47am
Hey guys,

I just want to know, how do i clear all the previous data of this EA?. Example my ea now keep showing me the overall percentage since last month. So i closed it and open a new 1 at other chart, it still show the same result. So how do i Clear all this past result and start a new setting with this ea?

Thanks in advance.
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