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Simple Daily Trend Reversal Trading System

  • #3,761
  • Apr 5, 2018 5:20am Apr 5, 2018 5:20am
Attached File(s)
File Type: txt Mrdfx SDTR Daily TS..txt   2 KB | 318 downloads

I used the configuration file without changing PIP BULL only H1, and I had to close the deals myself
  • #3,762
  • Apr 5, 2018 6:08am Apr 5, 2018 6:08am
@ Stefdek : are you still having the following settings you earlier mentioned? Because of the remarks of mrfdx......

1. SL 500 or SL 0. Did you try already to use "0" instead of "500". Does it make any difference? I know the meaning is of setting no Stoploss.

2. ZZ look back. Your settings "20". The original was "10". Are you still using "20"?

3. SMA setting. Still 9 instead of 15?

4. ZZ depth still 60 instead of "40".

Please, let me know. Thanks my friend
Keep it simple without too many crappy indicators!
  • #3,763
  • Apr 5, 2018 7:10am Apr 5, 2018 7:10am
Quoting luvene
@ Stefdek : are you still having the following settings you earlier mentioned? Because of the remarks of mrfdx...... 1. SL 500 or SL 0. Did you try already to use "0" instead of "500". Does it make any difference? I know the meaning is of setting no Stoploss. 2. ZZ look back. Your settings "20". The original was "10". Are you still using "20"? 3. SMA setting. Still 9 instead of 15? 4. ZZ depth still 60 instead of "40". Please, let me know. Thanks my friend
Hi Luvene ,

1. SL 500 or SL 0. Did you try already to use "0" instead of "500". Does it make any difference? I know the meaning is of setting no Stoploss.
Yes SL is still 500 ( like having no stoploss) I changed the R:R to 1:6 because if I am going to loose 250 or 300 pips , I prefer to try to get the 6 times more reward
OR CLOSE DISCRETIONARY
2. ZZ look back. Your settings "20". The original was "10". Are you still using "20"?
I changed this to even "worse" ..lol . Look back is now set to 30. ( marginal note: I could still not find any relevant link that explain clearly what are the origins of zigzag indi . so , any help/link here will be greatly apreciated) . So settings on "30" are totally empirics/experimentals.A kind of blind date.
3. SMA setting. Still 9 instead of 15?
Yes , still "9"
4. ZZ depth still 60 instead of "40".
Yes , still "60"

This is my very first experience in forex as "carry trader" and guys , iŽll tell you that is not easy to watch all those pips accumulated with having the temptation to
racks the profits and eventually re-enter if conditions are still met. I was thinking about trailing most profitable ones at an ADR distance just to secure some profit ( and re-enter asap)
BTW : Re-enter on same pair is now set to 60 min. ( instead of 240 min) .
Will maybe close USD pairs tonight ..NFP tomorrow ( and re-enter asap - if conditions are still met)

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  • #3,764
  • Apr 5, 2018 7:19am Apr 5, 2018 7:19am
Quoting FxMadness
{quote} *Slides envelope back Why not, it is nothing special, almost mrdfx 1 & 2. Don't forget that i had to manually trade the EA out of problems two times already. Templates,set files and two (older) modified EA's. {file}
FxM , thanks for sharing. Yes, grid me out stuff worked great on CADJPY,GBPCHF ..and I saw you even added manual Hedging too while fighting AUDCAD, hat-off Master.
  • #3,765
  • Apr 5, 2018 7:44am Apr 5, 2018 7:44am
Quoting FxMadness
{quote} *Slides envelope back Why not, it is nothing special, almost mrdfx 1 & 2. Don't forget that i had to manually trade the EA out of problems two times already. Templates,set files and two (older) modified EA's. {file}
Thanks alot Mate, I was literally waiting for you to upload your modified files and Set files....Will give them a try now!
  • #3,766
  • Apr 5, 2018 7:56am Apr 5, 2018 7:56am
@ Stefdek : Thanks my friend, I appreciate your reply I like thinking out of the box too It tells nothing that this will be profitable but who knows? I am trying the same more or less for the 1H timeframe.
Keep it simple without too many crappy indicators!
  • #3,767
  • Apr 5, 2018 8:56am Apr 5, 2018 8:56am
Quoting bakho
{quote} Thanks alot Mate, I was literally waiting for you to upload your modified files and Set files....Will give them a try now!
It is just an intermediate, i am testing several setups baking stuff in and sometimes getting it out even faster.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,768
  • Apr 5, 2018 9:22am Apr 5, 2018 9:22am
Quoting stefdek
{quote} FxM , thanks for sharing. Yes, grid me out stuff worked great on CADJPY,GBPCHF ..and I saw you even added manual Hedging too while fighting AUDCAD, hat-off Master.
That last one took me until 4 am before i was sure it would turn into a winner.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,769
  • Apr 5, 2018 9:53am Apr 5, 2018 9:53am
Quoting mankindeg
{quote} Did one of the trades hit it's target or Stoploss yet or have they all been running for over a week? And what kind of SL do you have even?
No TP nor SL touch YET ....some trades started on March 26th ...few added since then. I had to close manually few first trades because , I was stupid enough this FIRST DAY applying daily strategy , that wanting to check HOW ABOUT THE ARROWS AND SIGNALS on H4 , that I switched TIME FRAME on the chart EA was applied ...and GUESS WHAT ?? EA inmediately entered H4 signals ...curiosity killed the cat...
  • #3,770
  • Apr 5, 2018 10:11am Apr 5, 2018 10:11am
Quoting FxMadness
Did not want to give up on that cadjpy that according to the mrdfx system SL should have been stopped out a while ago. Low volume markets could sometimes work in your favor because the pairs were just moving (strength wise) along for way to long. One or the other way they had to burst. {image}

hi FxMadness,
Can you share your indi ?
indi 1 & indi 2
Or at least the name of that indi.
Thanks
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  • #3,771
  • Apr 5, 2018 10:27am Apr 5, 2018 10:27am
Quoting FxMadness
@mrdfx It seems that your decision to drop the 1:1 and only use the trailing one https://www.forexfactory.com/showthr...6#post10895866 has impacted your overall R:R in a negative way.
I have noticed that the last 2 weeks have not been the best, and this week has been really slow, but I'm not sure if its cos of dropping the RR set.

I'm running some other comparison tests which I'll share more info on next week, and with those comparison tests I'm still using the RR set, and its not doing well there either, in fact its been hardly profitable in the last month.

If you see the screenshots of the TS and RR sets which have been running for nearly 1 month side by side, the RR has not done very well, so with this info I'm not convinced that using RR is the most profitable setting compared to the TS set.
Attached Image(s) (click to enlarge)
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Truth is like poetry. And most people f*cking hate poetry.
  • #3,772
  • Apr 5, 2018 10:37am Apr 5, 2018 10:37am
Quoting kalawe
{quote} hi FxMadness, Can you share your indi ? indi 1 & indi 2 Or at least the name of that indi. Thanks {image}
Those are no indies, just normal charts with indicators on it.

Like:
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I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,773
  • Apr 5, 2018 11:03am Apr 5, 2018 11:03am
Quoting mrdfx
{quote} I have noticed that the last 2 weeks have not been the best, and this week has been really slow, but I'm not sure if its cos of dropping the RR set. I'm running some other comparison tests which I'll share more info on next week, and with those comparison tests I'm still using the RR set, and its not doing well there either, in fact its been hardly profitable in the last month. If you see the screenshots of the TS and RR sets which have been running for nearly 1 month side by side, the RR has not done very well, so with this info I'm not...
Still running the TS and RR tests together and i did have to "rescue" some RR trades from going full SL but in your trade list i missed the higher profits from the RR indeed in the last two weeks.

I am still running the H4 RR 1:6 (let it run) test only exiting on a just a bit faster ZZ and that is working well even for the last two weeks.
So perhaps that your trailing as a bit tight ?

The trades indeed need a lot of room.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,774
  • Apr 5, 2018 11:03am Apr 5, 2018 11:03am
Quoting FxMadness
{quote} *Slides envelope back Why not, it is nothing special, almost mrdfx 1 & 2. Don't forget that I had to manually trade the EA out of problems two times already. Templates,set files and two (older) modified EA's. {file}
FxMadness thank you for the zip file. I see there are 4 different set files in it, which set is it you are using in the TE you call "SDTR LIVE". Everyone I am sure is very impressed with the results you are showing on this live account. You're a rock star for spotting and interviening a couple times to get that kind of increase on your account.

Cheers
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  • #3,775
  • Apr 5, 2018 11:18am Apr 5, 2018 11:18am
Quoting FxMadness
{quote} Those are no indies, just normal charts with indicators on it. Like: {image}
i mean indi = indicator.
ok, Thanks.
  • #3,776
  • Apr 5, 2018 11:19am Apr 5, 2018 11:19am
Quoting FxMadness
{quote} Still running the TS and RR tests together and i did have to "rescue" some RR trades from going full SL but in your trade list i missed the higher profits from the RR indeed in the last two weeks. I am still running the H4 RR 1:6 (let it run) test only exiting on a just a bit faster ZZ and that is working well even for the last two weeks. So perhaps that your trailing as a bit tight ? The trades indeed need a lot of room.
Finding the optimal TS settings is a trial and error game. Set them to tight, and you could miss out on pips, set them to large you you risk not hitting them, so its been a game of finding the right balance of what TS settings to use to maximize.

Personally using the TS settings has been more profitable than RR, but fine tuning them to maximize pips per trade is the next thing on my list. The settings I was using previously worked well, and then I changed them which I think was not a good idea, and I missed out on catching extra pips, so I've since changed them back to before.
Truth is like poetry. And most people f*cking hate poetry.
  • #3,777
  • Edited 11:54am Apr 5, 2018 11:43am | Edited 11:54am
Good evening to all,
Today there are no good results on TF 1. Later I will publish the results.
But I wanted to share something that I noticed. Look at the chart below. It's just an example, but I noticed it in several graphs.
The red circle highlights the moment when the sell signal should have been, but that did not happen because the time filter did not allow it. Later, green circle, the position was opened, when the start time (10:15) of the time filter allowed the opening. It is evident that the operation was carried out with respect to the hypothetical best moment, losing a few pips of gain. The questions are:
is it better to disable the time filter?
but then what is the purpose of having the time filter?
is it better to consider zigzag signals valid only when they appear after the start time?



I forgot a detail. My EA does not wait for the candle to close to check the crossing with MA15, but it opens as soon as the price crosses MA15
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  • #3,778
  • Apr 5, 2018 11:55am Apr 5, 2018 11:55am
Quoting vroncola67
Good evening to all, Today there are no good results on TF 1. Later I will publish the results. But I wanted to share something that I noticed. Look at the chart below. It's just an example, but I noticed it in several graphs. The red circle highlights the moment when the sell signal should have been, but that did not happen because the time filter did not allow it. Later, green circle, the position was opened, when the start time (10:15) of the time filter allowed the opening. It is evident that the operation was carried out with respect...
I think you mean the other way around ?
But even if you did the green circle did not represent a valid entry point as i asume that the blue line is your SMA 15.
The red circle is a valid entry point because the (green circle bar) closed below that SMA 15.
Do not think it has anything to do with the time filter.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,779
  • Apr 5, 2018 12:11pm Apr 5, 2018 12:11pm
Quoting FxMadness
{quote} I think you mean the other way around ? But even if you did the green circle did not represent a valid entry point as i asume that the blue line is your SMA 15. The red circle is a valid entry point because the (green circle bar) closed below that SMA 15. Do not think it has anything to do with the time filter.
You see the situation better in the graph below.
The sell signal appears at 01:00, outside the time filter time (10:15 - 23:00), but the operation is opened at 10:15. The first valid candle is at 03:00, when it closes under MA15 (blue line)
Attached Image (click to enlarge)
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  • #3,780
  • Apr 5, 2018 12:17pm Apr 5, 2018 12:17pm
Quoting AngelicaMari
{quote} FxMadness thank you for the zip file. I see there are 4 different set files in it, which set is it you are using in the TE you call "SDTR LIVE". Everyone I am sure is very impressed with the results you are showing on this live account. You're a rock star for spotting and interviening a couple times to get that kind of increase on your account. Cheers {image}
There are two EA's, two set files and two templates in the zip (hope i did it correctly...).
Put them in place and open two chart and load the two different template on them and you are running the same as my SDTR LIVE.

One set does trailing and basically you do not have to look at it the other does RR and a fast ZZ exit (baked in) and this one could need attention.
Just as soon as you see it going into deep DD (SL is 120 i believe) open a chart in your favorite (for me that is strength(s) and bobokus fibo) and start finding the counter spots.
Because the audcad move close together it took me a couple of extra trades to get out off the negative.

EA just not yet completely ready to work for us 24/5.
I can calculate the movement of stars, but not the madness of men. Isaac N.
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