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Simple Daily Trend Reversal Trading System

  • #3,841
  • Apr 11, 2018 1:08pm Apr 11, 2018 1:08pm
I only trade gold with the original setup from the start of this thread, 4 hr charts only. I am not bullshitting here I am pulling an avg monthly return of 20-25% on a $4000 account. I pull my profits out and usually only position a .10 lot per trade. I am quite fine looking at and trading only one market like gold. I used to trade the exotics, but gold is much nicer a trend and consistent pay day for my purposes.
  • #3,842
  • Apr 11, 2018 1:27pm Apr 11, 2018 1:27pm
Quoting FxMadness
"this is why i mentioned first the real period of this test, history is exact one month, it show this month ,not last mart, and then year.. so this month i made 210 pips ," History is not exactly a month because Year % would be the same as Month % My "this month" for me runs from 4/1 to 4/30. If you made 210 pips (49%) in those 10 days let us know how.
my month period 12/03-11/04 (one month)
tradinfo indi show year history from 12/03.
btw i dont trade al chf pairs, just eurchf and usdchf
i dont expect on large account more than 50% per month, so soon risk an profits will be reduced at 50%.
the point is, that ea work, and its need to be managet at time to time, coz on late signals we have bad enteres, and that enteres must to be cut, and this is why author TE start loosing pips.
this month trades
Attached Image
  • #3,843
  • Apr 11, 2018 3:03pm Apr 11, 2018 3:03pm
Quoting sheppy
I only trade gold with the original setup from the start of this thread, 4 hr charts only. I am not bullshitting here I am pulling an avg monthly return of 20-25% on a $4000 account. I pull my profits out and usually only position a .10 lot per trade. I am quite fine looking at and trading only one market like gold. I used to trade the exotics, but gold is much nicer a trend and consistent pay day for my purposes.
Sheppy haven't posted much on here but looks interesting.. Can you give more info on how you place S/L and T/P as well as maximum dd you have incurred since the beginning
  • #3,844
  • Apr 11, 2018 4:03pm Apr 11, 2018 4:03pm
Quoting shum
{quote} hi, order trail is set at 41 pips, for tp 40 no r/r 1/1, sl65 pips > or last hi low. {quote} this is why i mentioned first the real period of this test, history is exact one month, it show this month ,not last mart, and then year.. so this month i made 210 pips , and last one 76 pips. 113% 25% risk per trade dd 30% not more than 4 trades in the same time zigzag 40 s/r true 9.00-21.00 gtm+2 from today i change tp to RR 1/1 , sl 60 my friend analyse mrdfx TE, and now can be fiend optional tp for all pairs....
This number - 25% - sorry, sounds "a bit" crazy for me .....
  • #3,845
  • Apr 11, 2018 7:44pm Apr 11, 2018 7:44pm
Quoting twonny
{quote} Sheppy haven't posted much on here but looks interesting.. Can you give more info on how you place S/L and T/P as well as maximum dd you have incurred since the beginning

I don't trade with a stop loss, i manage my position size. take profit is when i get the opposite direction arrow on a closed 4 hr candle. most I have seen in drawdown is maybe $100
  • #3,846
  • Apr 11, 2018 8:04pm Apr 11, 2018 8:04pm
Quoting shum
{quote} hi, order trail is set at 41 pips, for tp 40 no r/r 1/1, sl65 pips > or last hi low. {quote} this is why i mentioned first the real period of this test, history is exact one month, it show this month ,not last mart, and then year.. so this month i made 210 pips , and last one 76 pips. 113% 25% risk per trade dd 30% not more than 4 trades in the same time zigzag 40 s/r true 9.00-21.00 gtm+2 from today i change tp to RR 1/1 , sl 60 my friend analyse mrdfx TE, and now can be fiend optional tp for all pairs. and sl. Not a long period but good...
25% risk per trade and 4 trade per day. the worst scenario, you are toast?
  • #3,847
  • Apr 11, 2018 9:06pm Apr 11, 2018 9:06pm
Has anyone had the levels not being able to show up for MBFX indicator
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  • #3,848
  • Apr 11, 2018 11:28pm Apr 11, 2018 11:28pm
Quoting cfudge
Has anyone had the levels not being able to show up for MBFX indicator {image}
Style: None is the line color.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,849
  • Apr 12, 2018 8:41am Apr 12, 2018 8:41am
Quoting FxMadness
{quote} Style: None is the line color.
Brilliant...thank you.
Never would have noticed lol
  • #3,850
  • Apr 12, 2018 10:17am Apr 12, 2018 10:17am
In light of the last 2 weeks, and how we've had a string of losses, I've been analyzing the risk settings for the EA a bit more intensely again. When you winning you dont pay attention to the risk parameters, only when you start losing lol.

I do know that we can't expect to have only wins, and no losses, and having a loss here and there is expected and acceptable, but having the wrong risk parameters in place, those few losses can wipe out the previous gains, and as I've been watching the last 2 weeks this is what has been happening.

The current SL setting for the EA is a fixed hidden SL at 70 pips, and SL at ZZ set to true, so if the SL at ZZ is more than 70 pips then the fixed hidden SL will be used.

Now I'm also using the TS settings, so lets say we have 3 orders that close in profit after hitting TS 1 or 2 which is 30-40 pips, that totals 90-120 pips, and if we have 1-2 losses that is 70-140 pips we have wiped out almost all of the profits of 3 trades from 1 loser. This has been happening a lot in the last 2 weeks so most previous gains have been lost from only a few losers.

I'm thinking that perhaps using a smaller SL might help to minimize the losses on those losing trades. I looked at the losers, and if the SL was 50 or 60 pips they would have still lost, but saving us 10-20 pips per loss. I hardly saw any trade that went to 50-60 pips into DD, and turned around to hit TP, so my thinking is that reducing the hidden SL will help to reduce the losses on losing trades.

When I was trading this strategy manually in the beginning I would set a +-50 pip SL, but also take into account the previous high or low, and make a decision based on what I saw on the charts, but with an EA it doesn't have human spontaneous decision making capabilities to make decisions like that.

So whats your input guys? What do you think is a suitable SL for trading on H4?
Truth is like poetry. And most people f*cking hate poetry.
  • #3,851
  • Apr 12, 2018 11:57am Apr 12, 2018 11:57am
Quoting mrdfx
In light of the last 2 weeks, and how we've had a string of losses, I've been analyzing the risk settings for the EA a bit more intensely again. When you winning you dont pay attention to the risk parameters, only when you start losing lol. I do know that we can't expect to have only wins, and no losses, and having a loss here and there is expected and acceptable, but having the wrong risk parameters in place, those few losses can wipe out the previous gains, and as I've been watching the last 2 weeks this is what has been happening. The current...
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Looking at the number of pips so far, If we had stayed with same lot all this while i think we wouldn't have gotten much effect this season right? As for the SL, it might be okay to reduce it to say 50pips.
i have tried to start trades with a trend, now i prefer to follow the trend
  • #3,852
  • Apr 12, 2018 12:27pm Apr 12, 2018 12:27pm
Quoting mrdfx
In light of the last 2 weeks, and how we've had a string of losses,
Its also worth looking at the opening times. I only have about 6 weeks live data but it appears from analysis that most of the profitable trades are opened between 13:00 and 20:00 GMT. Probably an artifact that most of the major US news comes in the afternoon (GMT) and that's what turns the market.
Always read Post #1
  • #3,853
  • Apr 12, 2018 3:06pm Apr 12, 2018 3:06pm
Quoting mrdfx
In light of the last 2 weeks, and how we've had a string of losses, .... So whats your input guys? What do you think is a suitable SL for trading on H4?
I think we should leave the stop-loss at the Zig-Zag arrow (with or without the hidden SL) and select "Trade a percentage of Account Balance" rather than the fixed lot size. That way you keep the stop-loss where it makes the most sense but prevent a big one from wiping out several winners. We may have to look at where we set the TS so it's in line with the average SL.
  • #3,854
  • Edited 4:28pm Apr 12, 2018 3:12pm | Edited 4:28pm
Swing strategies always fails in strong trends. I suffered too this week but thinking EA needs "slow" repaint in ZZ. When a new high/low is made that candle dont have signal but next candles will have it even price will make new high/lows later because its in a strong trend.
Try don't lose pants never...
  • #3,855
  • Apr 12, 2018 4:11pm Apr 12, 2018 4:11pm
Quoting mrdfx
In light of the last 2 weeks, and how we've had a string of losses, .... The current SL setting for the EA is a fixed hidden SL at 70 pips, and SL at ZZ set to true, so if the SL at ZZ is more than 70 pips then the fixed hidden SL will be used. Now I'm also using the TS settings, so lets say we have 3 orders that close in profit after hitting TS 1 or 2 which is 30-40 pips, that totals 90-120 pips, and if we have 1-2 losses that is 70-140 pips we have wiped out almost all of the profits of 3 trades from 1 loser. This has been happening a lot in the...
That's what I said earlier ! Yes a bad risk-to-reward (RR) relation will kill any account sooner or later. At least RR=1:1 is a must. So I could agree - 50 pips for the S/L is a good number.

But I tried SL 50 and TP 50 (=RR 1:1) already during the last month - unfortunately these parameters did not gave better results.

Plz check perhaps another thought: It seems to me nanely the trades using the daily S&R lines are the loosers, the results look much better using only the weekly S&R lines. At least for now I got such better results - having only a few "weekly" trades. So I'm not sure about the trueness of this observation.
  • #3,856
  • Apr 12, 2018 6:57pm Apr 12, 2018 6:57pm
Quoting sheppy
{quote} I don't trade with a stop loss, i manage my position size. take profit is when i get the opposite direction arrow on a closed 4 hr candle. most I have seen in drawdown is maybe $100

went short today at 1340.41 4 hr chart gold
  • #3,857
  • Apr 12, 2018 8:26pm Apr 12, 2018 8:26pm
Quoting sheppy
{quote} went short today at 1340.41 4 hr chart gold
HI Sheppy...Like this?
we canucks have to stick together lol
SL is safety SL while at work.
Attached Image (click to enlarge)
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  • #3,858
  • Apr 13, 2018 12:14am Apr 13, 2018 12:14am
Quoting DerBerliner
{quote} That's what I said earlier ! Yes a bad risk-to-reward (RR) relation will kill any account sooner or later. At least RR=1:1 is a must. So I could agree - 50 pips for the S/L is a good number. But I tried SL 50 and TP 50 (=RR 1:1) already during the last month - unfortunately these parameters did not gave better results. Plz check perhaps another thought: It seems to me nanely the trades using the daily S&R lines are the loosers, the results look much better using only the weekly S&R lines. At least for now I got such better results - having...
I use weekly S/R had much less trades then if I would run EA automaticly. Used sl last swing high/low. Risk reward from 1:1 to 1:5. But in past 2 weeks that not saved my ass. Every trade has loss and I blowed up accaunt(I use too high peverage)
  • #3,859
  • Apr 13, 2018 2:08am Apr 13, 2018 2:08am
Quoting sheppy
{quote} went short today at 1340.41 4 hr chart gold
Thats cool sheppy. Now everybody on this thread will jump on trading gold. Including me. Lol
  • #3,860
  • Apr 13, 2018 3:36am Apr 13, 2018 3:36am
Quoting mrdfx
In light of the last 2 weeks, and how we've had a string of losses, I've been analyzing the risk settings for the EA a bit more intensely again. When you winning you dont pay attention to the risk parameters, only when you start losing lol. I do know that we can't expect to have only wins, and no losses, and having a loss here and there is expected and acceptable, but having the wrong risk parameters in place, those few losses can wipe out the previous gains, and as I've been watching the last 2 weeks this is what has been happening. The current...
reverse back to the old two set files with 0.02 lots & i guess every thing ll be fine again.slow & steady always win the race
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