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Simple Daily Trend Reversal Trading System

  • #3,701
  • Mar 31, 2018 4:52pm Mar 31, 2018 4:52pm
Quoting T4Trade
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.

I use 60,5,3 on 4 hr and daily. Haven't deviated from it and I only trade gold but I know the settings work with everything else. Don't you think EBeckers and Mrdfx tweeked )))
  • #3,702
  • Mar 31, 2018 5:18pm Mar 31, 2018 5:18pm
im using zig arrow repainting by ebecker with different settings for different time frames in conjunction with semafor as a bus stop,because as you said 60,5,3 setting,in this setting we miss manhy small moves and to be honest i like small moves for scalping.pm me for more info.thanks
  • #3,703
  • Edited 6:07pm Mar 31, 2018 5:55pm | Edited 6:07pm
[quote=mrdfx;10923652]{quote} {quote} 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?

Thank you for answering and pointing out that could maybe mistakes and not understanding EA parameters clearly :


You allow reentries on same pair with a 1 X H4 (240 mins) break between, but trading on D1?
- Well, as I am looking to close IN PROFIT at the next opposite signal ( which means to me that if I am in SELL and pair having steamed out all its down movement
there will be a Buy Zigzag OPPOSITE appearing , then , trendline SMA and MBFX signals will align , so this SELL trade will be closed ( with some profit) as it is reversing.
So, in my mind ( correct me if I am wrong) if we have a newly buy signal formed on D1, I prefer to re-enter asap lets say within H4 or even M15 instead of awaiting
another 1440 ( D1) candle , since signal is already loud and clear. Make sense ?

CLOSE on confirmed opposite signal TRUE/FALSE is not in the V1.21 EA parameters.

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?
- Yes, I must agree with this , although always trying to think out of the box here. If I am risking letīs say SL of 250 pips (at ZigZag tip or tail?) , why should I take 50,100 or 200 pips ? ( I understand also , one bird in the hand is better than two still flying around, now what about five ? ..lol) , maybe I switch this to RR 1:10


You're using a hidden SL of 500 pips if the SL at ZZ is larger?
- Ok, this one I have to look deeper and maybe browse all this thread all over again , since setting SL @500 pips is pretty much like having no SL , maybe I should
just leave it 0.00 ( NO SL) , now I never experimented this in demoīs I have run , I was just afraid that leaving ZERO value for SL might just close the trade as soon it opens. If ZZ is larger than 500 pips, well I think we entered trade too late or too early. Thing is on D1 time frame you have plenty of time to adjust your HARD
SL, I still have to read a LOT on ZigZig indi ( how is this formed , parameters , etc...) , Ebeckers even did a Zigzag repaint indi that I will have a look at.

-

I also see you've set up large TS targets but they will not be used as you have RR setting enabled.
- Yes , at this moment I do not want to use Trailing stop , so I just set absurd values to these.

I think using a time filter on D1 is not really needed as on a lower time frame like H4.
- Yes, you might be right here although , real price action mostly occurs at LO and LO/NY overlapping, so , if an all green/red occurs during ASIAN , I prefer to enter
the trade when LO opens confirming the signal ( with the same idea you use VB on ccfp), I should maybe even change to 10 or 12 gmt after most Euro news released

I see you're not using the S&R filter?
- Nope , this is because although I understand S/R are fundamentals levels , I do not understand (yet) the Ebeckers indi with the 30 pips thingy and I do not know which parameters (pips) I should drop there if trading on D1 and of course 30 pips ( or any fixed other value) will be pretty much different on each pairs depending on their ADR (Average Daily Range) , so , at this moment I prefer not using it in the EA , but looking at it on the actual chart.

I see that you have changed the ZZ look back to 20 so you are now looking back 20 days for a ZZ?
- Maybe I am wrong here (again) ..since I still have to read A LOT on ZZ indi.
I see you are still using the previous ZZ depth of 60
- same

and you have changed the SMA form 15 to 9?
- Yes, I both want to enter AND EXIT earlier

At this time, I am running D1 (demo) on 1 broker only , I will add 2 others next weeks with differents settings ( not too different) , if I can get "tips" on how to set
properly the ZZ thingy and S/R on D1 ( pips stuff) ...

Mrdfx , I really want to thank you again for taking the time to answer , since I think you might have left behind D1 testing too soon. I know you are busy with a lot of other stuff here and there ... H4 Strat is doing awesome , so , I am trying to bring attention from others here that maybe want to give a DEMO try on D1 too.
  • #3,704
  • Mar 31, 2018 6:33pm Mar 31, 2018 6:33pm
Just to illustrate what do I have in mind ...if I get to loose 120 pips ...I prefer to go for the 650 pips...Here on AUDJPY.

Attached Image (click to enlarge)
Click to Enlarge Name: D1 strategy SL.png Size: 47 KB

Attached Image (click to enlarge)
Click to Enlarge Name: D1 strategy TP.png Size: 33 KB
  • #3,705
  • Edited 2:42am Apr 1, 2018 2:27am | Edited 2:42am
@stefdek and @mrdfx Thanks my friend for explanation. Like yourself I am always searching for "better" or some improvement. Concerning the D1 strategy : in my opinion it will be the best if you trade on a GMT+3 broker. This means that you don't have Sunday Bars. On the other hand and I realize that maybe I am wrong with these thoughts but if so, please correct me. At the time a new Daily Bar opens, this is at NY 5.00 PM, the spread in the first hour is much higher than it is after 1 hour or by example 30 minutes. This means if there is signal, the spread will be too high allowing a new position

This said, maybe it is better trading only on liquid and not too volatile pairs to avoid trading on these ones. Besides that, these pairs shows a lot of huge spikes which get you out of position. Please, let me know about my thoughts.
Keep it simple without too many crappy indicators!
  • #3,706
  • Apr 1, 2018 4:12am Apr 1, 2018 4:12am
Quoting 9jatrader
{quote} Sooner than later AUDJPY would fly like rocket. If it can comfortably closes above the SMA. Am already NZDJPY long
And that is based on a weak jpy or a strong aud and nzd ?
Or is this gambling 101 ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,707
  • Apr 1, 2018 4:30am Apr 1, 2018 4:30am
Quoting 9jatrader
{quote} Sooner than later AUDJPY would fly like rocket. If it can comfortably closes above the SMA. Am already NZDJPY long
Having cash rate closer any movement can be a fake or be right. Anyway i think will go opposite to logical news values movement...
Try don't lose pants never...
  • #3,708
  • Apr 1, 2018 4:38am Apr 1, 2018 4:38am
Quoting braintheboss
{quote} Having cash rate closer any movement can be a fake or be right. Anyway i think will go opposite to logical news values movement...
If it goes down and break the support because of the cash rate I will trade the support breakout. Though no one can predict the next action, it could form strong Pin Bar when the scalpers are out with their profits
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,709
  • Apr 1, 2018 4:41am Apr 1, 2018 4:41am
Quoting jereajali
please i need VPS suggestions i can use to run this EA. Thanks
I use Aruba cloud. No problem with that. Be careful with VPS with free trial time who ask to add credit card. After trial time they start to take money.Like fukking Amazon. I tryed they service then stop to use but after few monts in bank statement see tkat amazon fukkers every month charge 15 eur for service that I already dont use.
  • #3,710
  • Apr 1, 2018 4:52am Apr 1, 2018 4:52am
Don't make it too complicated..................... @9jatrader It is not exact science, you know..............
Keep it simple without too many crappy indicators!
  • #3,711
  • Apr 1, 2018 4:53am Apr 1, 2018 4:53am
Quoting sheppy
{quote} I use 60,5,3 on 4 hr and daily. Haven't deviated from it and I only trade gold but I know the settings work with everything else. Don't you think EBeckers and Mrdfx tweeked )))
You realy trade only trade gold nothing else? What is the reason?
  • #3,712
  • Edited 3:34pm Apr 1, 2018 5:39am | Edited 3:34pm
Quoting 9jatrader
{quote} If it goes down and break the support because of the cash rate I will trade the support breakout. Though no one can predict the next action, it could form strong Pin Bar when the scalpers are out with their profits
I have sell in some XXXJPY pairs but not idea real movement because were auto trades...
Try don't lose pants never...
  • #3,713
  • Apr 1, 2018 6:11am Apr 1, 2018 6:11am
Quoting 9jatrader
{quote} You have your entry point. Someones's entry point may make no meaning to another trader. Stay with your bias. No argument.
No offense my friend but remember, it's 85% mindset and psychology and only 15% Technical Analysis.

And only 5% of private traders win. Unfortunately I do not belong there yet. It's a matter of time
Keep it simple without too many crappy indicators!
  • #3,714
  • Apr 1, 2018 3:29pm Apr 1, 2018 3:29pm
Quoting braintheboss
{quote} I have sell in some XXXJPY pairs but not idea real movement because it were auto trades...
It's great as long as you entered based on your strategy. Am also short in one JPY- USDJPY. It was based on weekly support breakout.
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,715
  • Apr 1, 2018 3:39pm Apr 1, 2018 3:39pm
Quoting luvene
{quote}No offense my friend but remember, it's 85% mindset and psychology and only 15% Technical Analysis. And only 5% of private traders win. Unfortunately I do not belong there yet. It's a matter of time
No offense. Am not offended. We all are here to learn and be positively criticized. I have known we can learn from criticism. No one is an island of himself. That's is the reason I will never put anyone on "Ignore" list. It means that am not ready to learn from anyone I put on "Ignore" list. My personality is to be open to learn from other traders
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -66.1%
  • #3,716
  • Apr 1, 2018 4:02pm Apr 1, 2018 4:02pm
Quoting 9jatrader
Zooming in we have the following chart on NZDJYP {image}
Please if you post pics of set ups they should be relevant to the strategy. Lets keep things on topic of this thread.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,717
  • Apr 1, 2018 4:24pm Apr 1, 2018 4:24pm
Quoting luvene
@stefdek and @mrdfx Thanks my friend for explanation. Like yourself I am always searching for "better" or some improvement. Concerning the D1 strategy : in my opinion it will be the best if you trade on a GMT+3 broker. This means that you don't have Sunday Bars. On the other hand and I realize that maybe I am wrong with these thoughts but if so, please correct me. At the time a new Daily Bar opens, this is at NY 5.00 PM, the spread in the first hour is much higher than it is after 1 hour or by example 30 minutes. This means if there is signal,...
You are correct that using a broker with the new daily candle open at NY close is better. My broker uses NY close, and I find that things just sync up better, but that's not to say that using a different broker won't make this strategy not successful, it will still be successful, but with slightly different results as has been discussed too many times.

I agree that on the new D1 candle open the spread does go wild for a bit, and opening a trade around that time would be expensive and not recommended, so in the case of trading the D1 charts, you could set a time filter for 1 hr after once the spreads calms down, also on the other hand there is the spread filter to limit opening orders with high spread, and once the spread falls below the threshold the EA will open the order.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,718
  • Apr 2, 2018 3:24am Apr 2, 2018 3:24am
Hi,

It is confusing, time settings, local, broker time, etc. etc. I don't want to make it too confusing, therefore I deleted some of my demo accounts. Because I trust mrdfx and you can see that in his TE (!). Right now I use only 3 demo's. Trading timeframe, only 4H!

1. Broker GMT +3 (same time broker like mrdfx) No time settings (24/5) , No S/R, No News, Trailingstops and all others like mrdfx
2. Broker GMT +1 Time settings 8 - 20.58. This means London time trading from 8 AM. No S/R, No News, Trailingstops and all others like mrdfx
3. Broker GMT +1 Time settings 8 - 20.58. This means London time trading from 8 AM. With S/R, No News, Trailingstops and all others like mrdfx

I like the stoploss at ZigZag Arrow. If it is < Hidden StopLoss 70 than this Stoploss level will be used.
If the ZZ arrow > 70, the Hidden Stoploss of 70 will be used.

It can be that trading on the D1 is profitable too but I stick to the timeframe of 4H. The same for 1H, I don't do that.
Keep it simple without too many crappy indicators!
  • #3,719
  • Apr 2, 2018 3:35am Apr 2, 2018 3:35am
Quoting luvene
Hi, It is confusing, time settings, local, broker time, etc. etc. I don't want to make it too confusing, therefore I deleted some of my demo accounts. Because I trust mrdfx and you can see that in his TE (!). Right now I use only 3 demo's. Trading timeframe, only 4H! 1. Broker GMT +3 (same time broker like mrdfx) No time settings (24/5) , No S/R, No News, Trailingstops and all others like mrdfx 2. Broker GMT +1 Time settings 8 - 20.58. This means London time trading from 8 AM. No S/R, No News, Trailingstops and all others like mrdfx 3. Broker GMT...
Without SR you will suffer big DD in bad days. I remember OP results inconsistency in tests before this feature was added...
Try don't lose pants never...
  • #3,720
  • Edited 4:27am Apr 2, 2018 3:39am | Edited 4:27am
Quoting braintheboss
{quote} Without SR you will suffer big DD in bad days. I remember OP results inconsistency in tests before this feature was added...
Thanks for the warning. I will see it myself first Maybe a fourth one with S/R and 24/5...... I have to add.......I did
Keep it simple without too many crappy indicators!
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