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Simple Daily Trend Reversal Trading System

  • #3,681
  • Mar 30, 2018 6:58am Mar 30, 2018 6:58am
Quoting DerBerliner
{quote} Ah I see ... but who can predict the future ? "The most profitable pairs" are the best today - will they be the best tomorrow as well ? As I know ... no, probably not, or at least to assume: that's not sure ... may be they will, or may be not .....
You answered the question perfectly...
Try don't lose pants never...
  • #3,682
  • Mar 30, 2018 7:39am Mar 30, 2018 7:39am
Quoting stefdek
{quote} Hi , there were other 2 trades taken recently. So, this is now 13 pairs running the D1 ZigZag , there was at some point > +400 floating pips ...which I must confess I would have closed if trading this LIVE , but this is demo , so let this run till the jackpot hit or fail.A question though , why do you think GMT offset of the broker used in this demo is important , this is D1 ( Daily) SDTR . This broker is located in Moscow.A Daily candle always start at GMT+0 , correct me if I am wrong. {image}
Hi Stefdek. I think you are wrong about all daily candles starting at 0:00 GMT. The daily candle starts at the broker's time 0:00 which in your case is 3:00 GMT.
  • #3,683
  • Mar 30, 2018 8:45am Mar 30, 2018 8:45am
Who know - why EA "freeze" and do not updating every minute?
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  • #3,684
  • Mar 30, 2018 9:43am Mar 30, 2018 9:43am
Quoting RisingStar
{quote} H4
Very nice results man. I see gold has been leading in your gains. Are u running on full auto or doing discretionary closes as well?
  • #3,685
  • Mar 30, 2018 10:29am Mar 30, 2018 10:29am
Quoting Pip Bull
{quote} Hi Stefdek. I think you are wrong about all daily candles starting at 0:00 GMT. The daily candle starts at the broker's time 0:00 which in your case is 3:00 GMT.
It depends on the broker. You have to use a broker which is at GMT+3 or each 4 hours before or after in case you trade on the H4. In that case one of the 6 H4 candles will start at NY open/close which is NY 5.00 PM local time. In case you trade on the Daily Candle, the best is to find a broker ONLY which close/open the daily at NY PM 5.00 which is GMT+3. I know it is confusing. Pepperstone is one of them, it's not a coincidence that mrdfx is trading at Pepperstone

Another remark : because of high spreads in some volatile pairs like GBPNZD / EURNZD and some others, I think it is the best that you don't trade on such pairs. However if you set the parameter for allowing opening trades at 50 which is 5 pips 4 digit than no worries that GBPNZD opens a position.
Keep it simple without too many crappy indicators!
  • #3,686
  • Mar 30, 2018 10:40am Mar 30, 2018 10:40am
Quoting carddard
{quote} Very nice results man. I see gold has been leading in your gains. Are u running on full auto or doing discretionary closes as well?
I see ... Gold is perhaps another good chance. Oil, commodities, indices ... ? Even single stocks ?

@RisingStar - do you use the same setfile/parameters for Gold - or have you other numbers for lot size, SL / TP ... ?
  • #3,687
  • Edited 11:17am Mar 30, 2018 11:01am | Edited 11:17am
Quoting braintheboss
{quote} You answered the question perfectly...
You could consider to ease up (or even drop) the Sterling until Brexit becomes a real fact.
Last year that thing has had the most flash crashes (moves).
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,688
  • Mar 30, 2018 11:05am Mar 30, 2018 11:05am
Quoting stefdek
Update on D1 Attached the settings I am using. So, maybe someone else here, in a team spirit, could tweak these to expose better long run setupīs. ( if Mrdfx, FxMadness, or BTB , have few minutes available to look inside theses ..and give us their insight on those ...would be fantastic). {image} {file}
I'll check it out.

I did do a comparison a while back between D1 and H4, and H4 had better overall results, but that's not to say D1 wasn't successful, just that H4 had more trades and more profit. D1 can still make good pips if you're patient and don't mind holding positions for days/weeks.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,689
  • Mar 30, 2018 11:06am Mar 30, 2018 11:06am
Quoting olvus
Who know - why EA "freeze" and do not updating every minute? {image}
----> Post 1.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,690
  • Mar 30, 2018 11:07am Mar 30, 2018 11:07am
Quoting carddard
{quote} Very nice results man. I see gold has been leading in your gains. Are u running on full auto or doing discretionary closes as well?
For gold, I enter and close manually. Just lucky for this trade.

@DerBerliner - I am not include Gold in setfile.
Learning by doing
  • #3,691
  • Mar 30, 2018 11:14am Mar 30, 2018 11:14am
Quoting RisingStar
{quote} For gold, I enter and close manually. Just lucky for this trade. @DerBerliner - I am not include Gold in setfile.
Ah I See! What about the other pairs? Do u run them on full auto?
  • #3,692
  • Mar 30, 2018 11:15am Mar 30, 2018 11:15am
Quoting DerBerliner
{quote} I see ... Gold is perhaps another good chance. Oil, commodities, indices ... ? Even single stocks ? @RisingStar - do you use the same setfile/parameters for Gold - or have you other numbers for lot size, SL / TP ... ?
Stocks, commodities etc. move by different market principals so i would not recommend that.
Facebook, Apple,..... swing high, swing low ?

But you can always give it a try on demo.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,693
  • Mar 30, 2018 11:16am Mar 30, 2018 11:16am
Quoting FxMadness
{quote} You could consider to ease up (or even drop) the Sterling until Brexit becomes a real fact. Last year that thing has had the most flash crashes.
That is main reason I dont believe in session times, filter pairs and that kind of things. Or system is capable to work all week or better you dont use it...
Try don't lose pants never...
  • #3,694
  • Mar 30, 2018 11:17am Mar 30, 2018 11:17am
Happy Easter everyone.
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Truth is like poetry. And most people f*cking hate poetry.
  • #3,695
  • Mar 30, 2018 11:29am Mar 30, 2018 11:29am
Quoting carddard
{quote} Ah I See! What about the other pairs? Do u run them on full auto?
For the other pairs, I combine auto and manual trading. If the pair show a valid entry, but the EA have opened it before, I enter manually.
The result for auto trading was good, 24% return in 16 days.
Learning by doing
  • #3,696
  • Mar 30, 2018 11:50am Mar 30, 2018 11:50am
Quoting mrdfx
Happy Easter everyone. {image}
And a Happy Easter to you and everyone as well.

I've been trading your method for a couple months now and doing very nicely. Just manually, I'm an old-fashioned guy!

So thank you for sharing and all the time and effort you've put into this thread.

Regards, Wally
"Be the change that you wish to see in the world." --Gandhi
  • #3,697
  • Mar 30, 2018 1:26pm Mar 30, 2018 1:26pm
Quoting stefdek
Update on D1 Attached the settings I am using. So, maybe someone else here, in a team spirit, could tweak these to expose better long run setupīs. ( if Mrdfx, FxMadness, or BTB , have few minutes available to look inside theses ..and give us their insight on those ...would be fantastic). {image} {file}
Quoting mrdfx
{quote} I'll check it out. I did do a comparison a while back between D1 and H4, and H4 had better overall results, but that's not to say D1 wasn't successful, just that H4 had more trades and more profit. D1 can still make good pips if you're patient and don't mind holding positions for days/weeks.
So I took a look at your set file, and I spotted a few noticeable changes, perhaps you can tell me why you made the changes?

You allow reentries on same pair with a 1 X H4 (240 mins) break between, but trading on D1?

You're using a RR ratio of 1:3 which for D1 is too large in my opinion. The reason i say this is that on D1 there are big moves and even using a 1:1 can pull in over 100 pips easily. Perhaps lowering the RR could get more trades hitting targets?

You're using a hidden SL of 500 pips if the SL at ZZ is larger? I also see you've set up large TS targets but they will not be used as you have RR setting enabled.

I think using a time filter on D1 is not really needed as on a lower time frame like H4.

I see you're not using the S&R filter?

I see that you have changed the ZZ look back to 20 so you are now looking back 20 days for a ZZ?

I see you are still using the previous ZZ depth of 60, and you have changed the SMA form 15 to 9?
Truth is like poetry. And most people f*cking hate poetry.
  • #3,698
  • Mar 31, 2018 7:16am Mar 31, 2018 7:16am
Very good remarks and questions. We all looking forward to the reply of member stefdek.
Keep it simple without too many crappy indicators!
  • #3,699
  • Mar 31, 2018 8:04am Mar 31, 2018 8:04am
thanks for posting your d1 settings stefdek. are you using any close trade / take profit routines with these settings or just letting the trades run?

blam

Quoting stefdek
Update on D1 Attached the settings I am using. So, maybe someone else here, in a team spirit, could tweak these to expose better long run setupīs. ( if Mrdfx, FxMadness, or BTB , have few minutes available to look inside theses ..and give us their insight on those ...would be fantastic). {image} {file}
  • #3,700
  • Mar 31, 2018 11:18am Mar 31, 2018 11:18am
can someone please guide me on settings of zigzag arrow on different time frames like weekly,Daily,4Hm30 min and 5 min? any insight is appreciated,thanks. i will be using zigzag arrow repainted by ebecker.
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