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Simple Daily Trend Reversal Trading System

  • #3,881
  • Apr 13, 2018 4:24pm Apr 13, 2018 4:24pm
Quoting sheppy
{quote} oil requires big margin
Just like gld, silver, cryptos etc.
No fx markets.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,882
  • Apr 14, 2018 4:35am Apr 14, 2018 4:35am
Quoting mrdfx
{quote} Reverting back to smaller lot sizes is only one part of the solution which I've taken care of, but market behavior is the bigger aspect, and plays a more important role in the success of this strategy. If a pair is going parabolic, and in a strong trend this strategy will fail is it is based on trend reversals, and in the last few weeks we've had some strong trending pairs giving false reversals causing losses. Where we can minimize these losses is by using good money management so when it happens again as it has happened before, we can...
hi mr mdfx can u kindly post your new setfile which u r using now with changes u made after last weeks loss?? thanks
  • #3,883
  • Apr 14, 2018 4:38am Apr 14, 2018 4:38am
Quoting sheppy
{quote} went short today at 1340.41 4 hr chart gold
hi sheepy are u still holding this trade??
  • #3,884
  • Apr 14, 2018 9:05am Apr 14, 2018 9:05am
Quoting FxMadness
{quote} Just like gld, silver, cryptos etc. No fx markets.
Hi FxMadness,

I'm impressed with your TE performance. It has been going ip instead of being affected by last week's performance like the rest of us.

I know your have shared your set files previously. I also understand you made some changes to the EA..

Would you be able to share your changes to the EA with some explanation and source code? Thanks!
  • #3,885
  • Apr 14, 2018 11:58am Apr 14, 2018 11:58am
Quoting nbhatti
{quote} hi mr mdfx can u kindly post your new setfile which u r using now with changes u made after last weeks loss?? thanks
Here is the set file I'm using now. Nothing much was changed except editing the hidden SL.
Attached File(s)
File Type: zip SDTR EA H4 1.set.zip   1 KB | 609 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #3,886
  • Apr 14, 2018 12:57pm Apr 14, 2018 12:57pm
Quoting nbhatti
{quote} hi sheepy are u still holding this trade??
Yes i am
  • #3,887
  • Apr 14, 2018 7:39pm Apr 14, 2018 7:39pm
Quoting FxMadness
{quote} Just like gld, silver, cryptos etc. No fx markets.
I havent started tests on your given EA's and Set files yet,will be starting from this money, however I just take a closer look on your STDR live account details,Maybe I'm missing something here as you can see in SS only 116 net pips were generated and entire account profit is above 250%, I was just wondering are you using martingale or using Fixed % feature of this EA or simply using high lot or doing something manually etc, sorry for silly questions its just I couldnt understand Methodology.
Attached Image (click to enlarge)
Click to Enlarge Name: 123411.png Size: 57 KB
  • #3,888
  • Edited 4:28am Apr 15, 2018 4:12am | Edited 4:28am
Quoting bakho
{quote} I havent started tests on your given EA's and Set files yet,will be starting from this money, however I just take a closer look on your STDR live account details,Maybe I'm missing something here as you can see in SS only 116 net pips were generated and entire account profit is above 250%, I was just wondering are you using martingale or using Fixed % feature of this EA or simply using high lot or doing something manually etc, sorry for silly questions its just I couldnt understand Methodology. {image}
Let me start with a question.
If you have no driver license and no idea what the pedals and that round circle in front of you is for would you get into an experimental self driving car
and let it drive you at 100 mph on a busy freeway ?
Your answer would probably be "No way !", i know that it would be my answer.

Same goes for Expert Advisors.
If they were Expert Traders they would have been called so but they are called Advisors for a reason.
They only advise you what to trade and if you have a good EA it can do 70% of the trading in the right market conditions
for you automatically.
In the wrong market conditions they will usually fail miserably without help from the
Expert Trader and that should be you.

So we have case 1: EAs running all by themselves
Attached Image

and case2: same EAs but with a little help if they screw up.
Attached Image


The Ea is trading 28 pairs and there will always be some of them like mrdfx says
" examples of strong trending parabolic pairs. On strong long term trends like these this strategy would lose until it catches the true reversal"
If you do not manage those "wrong" entries they will lose more than the "right" entries make and your account will be drained slowly (or not so slowly).

Two types of managed trades.
Managed same: The pair was ~120 pips in loss, trend was turning but it did not look (on the chart) that it
would make up the 120 pips. If you do nothing it (c)(w)ould have turned again running into SL.
So when i was confident that it did was a minor reversal i entered a trade in the same direction to help the two.
Attached Image

Managed differently. It looked like a strong trend and a reversal in the right direction was not likely to happen soon so i entered a 2.5x larger trade in the
"right" direction just to counter the losses of the 2 made by te EA.
Attached Image

If you trade like this you can not leave your own entered trades alone but you have to spend time watching them, keep an eye on news,currency strength and
a range of other factors (indicators).
In a way this is much more difficult trading because you are trying to fix mistakes already made by the EA which would probably
not even be made if you were manual trading.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,889
  • Apr 15, 2018 4:50am Apr 15, 2018 4:50am
@FXMadness: OK thx for explanations ! It looks good, but I have a question: what's your strategy/plan in case the expected move "South" wont take place ? For instance - the above mentioned CAD/JPY could/would go "North" further and further, that means not in your favour ? With the added recovering 0.08 lot you would boost your losses considerably !
  • #3,890
  • Edited 6:28am Apr 15, 2018 6:02am | Edited 6:28am
Quoting DerBerliner
@FXMadness: OK thx for explanations ! It looks good, but I have a question: what's your strategy/plan in case the expected move "South" wont take place ? For instance - the above mentioned CAD/JPY could/would go "North" further and further, that means not in your favour ? With the added recovering 0.08 lot you would boost your losses considerably !
Hence the needed "driver license", that should not happen.
Even if it does happen you correct your mistake by fi. closing your 2.5x trade for an acceptable loss and start finding a better point to enter with a lot size
that will cover your and the EA previous losses.

If you do not know how to trade and you had stepped in with this EA @ halfway march the losses would now be what ~70% or more and the account would already have been gone (assuming you started with the same amount and size as mrdfx started).

Sometimes after a couple of hours when i doubt my trade (rarely :-)) i will try to stop it with a small profit and keep that number in mind to exit the original trades at break even or wait for a better point to try it again.
I never go for profit if i am trading corrections on wrong entries. My goal is break even or a very small loss.
But usually if you do it right there is always some profit.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,891
  • Apr 15, 2018 6:53am Apr 15, 2018 6:53am
To complete the story.

I always look at the trades the EA takes.
If i look at the chart and think "hell no, that is completely wrong" i just close them and accept the loss.
Rescuing trades is something i only do when the trades are taken when i am not awake or not behind a terminal, it is not standard practice.

Furthermore every new day i limit (shift the start date) of my history to show only the last 4 trading days (that's not the same as 96 hours interval).
Because i use the EA with "Not allow same direction == true" so the buy-sell-buy-sell scheme trading on Mondays looks at the history from previous Tuesday through Friday. Trading Tuesday looks at previous Wednesday though this weeks Monday etc. etc.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,892
  • Apr 15, 2018 8:31am Apr 15, 2018 8:31am
Quoting FxMadness
To complete the story. I always look at the trades the EA takes. If i look at the chart and think "hell no, that is completely wrong" i just close them and accept the loss. Rescuing trades is something i only do when the trades are taken when i am not awake or not behind a terminal, it is not standard practice. Furthermore every new day i limit (shift the start date) of my history to show only the last 4 trading days (that's not the same as 96 hours interval). Because i use the EA with "Not allow same direction == true" so the buy-sell-buy-sell...

And that's why you are almost 300% and us filthy lazy traders are in loses x'D

Jokes aside, this makes a lot of sense, sometimes I had to close some trades because they entered too late for example, or they intered during a very short pullback that was quickly rejected and trend continued...

Good Job as always Madness and thank you for taking your time to explain what you did and what you are doing.
Building a Freedom All Time Return: 5,178.8%
  • #3,893
  • Apr 15, 2018 10:25am Apr 15, 2018 10:25am
Quoting FxMadness
{quote} Let me start with a question. If you have no driver license and no idea what the pedals and that round circle in front of you is for would you get into an experimental self driving car and let it drive you at 100 mph on a busy freeway ? Your answer would probably be "No way !", i know that it would be my answer. Same goes for Expert Advisors. If they were Expert Traders they would have been called so but they are called Advisors for a reason. They only advise you what to trade and if you have a good EA it can do 70% of the trading in the...
Its been a while since i have seen anyone explain expert advisor usage like you have done and in my opinion you have done something great here by just being truthful. I am happy i took the time to read what you shared. Some persons with your experience are like snipers with silencers, they dont talk but they are present amongst us trading profitably.

For me as long as your trading is systematic it allows for automation, this way it will mirror your manual trading. The only difference will be the psychological filters that will not be present. Should one try to filter every thing probably the system will change from the original concept.
Sometimes we get overly excited and lose track of the mission and objectives we are in this for. If one use to trade monday to wednesday due to your experience in the market the automation should reflect that aswell.

You see i use to trade london session and it was hard for me to do while having a fulltime job and would stay up late to set orders that would be triggered between my 2am and 4am, so i had an e.a. created to mirror my actions in setting the orders for them to be triggered in the early morning while i sleep. But made the mistake of stop trading something that was profitable, due to a few losses experienced by the e.a. in an odd week that i would have experienced manually just the same. So i share this to say that we will not win every trade but as long as it is doing what you would do all is well.

Observing geopolotical atmostphere, war, fundaments and other factors that may alter normal market conditions. These same factors affect trading conditions and will affect manual and automated trading alike.

If an advisor is not doing what it was required to do, then either the advisor needs some tweaking or there is something that you would do that the e.a. does not do and you have to do a process of analysis to pick this up.

E.a.s should not be a set and forget unless it is very strict to trade a particular scenario in a systematic way.

  1. Trend base
  2. Reversal/Rejection/ retracement base
  3. Range base
  4. Fundamental base
  5. Sentiment base
  6. Strong versus weak
  7. Spread differences
  8. Etc

Something specific and this system i believe is trading something specific and if it deviates that is when one should have concern and make it known or make the necessary alterations to the settings in the inputs as mentioned by FxMadness, mrdfx and ebeckers.

Keep well guys, you guys are awesome!

R:R "Percentage Focus"
  • #3,894
  • Apr 15, 2018 12:09pm Apr 15, 2018 12:09pm
Quoting FxMadness
To complete the story. I always look at the trades the EA takes. If i look at the chart and think "hell no, that is completely wrong" i just close them and accept the loss. Rescuing trades is something i only do when the trades are taken when i am not awake or not behind a terminal, it is not standard practice. Furthermore every new day i limit (shift the start date) of my history to show only the last 4 trading days (that's not the same as 96 hours interval). Because i use the EA with "Not allow same direction == true" so the buy-sell-buy-sell...
This is an interesting approach to reentries. So you allow reentries on same pair if it not within the last 4 trading days?

I've also wondered if allowing reentries after a certain time period might be beneficial as lets say a pair is in a strong trend, and it gives a false reversal so the first entry is a loss, then 3-4 days later the pair will reverse properly giving a profitable entry, but if reentries a not allowed then that position will not be opened by the EA, so you would miss out on that position and profit.

So perhaps allowing reentries after 3-5 days could be a better idea?
Truth is like poetry. And most people f*cking hate poetry.
  • #3,895
  • Apr 15, 2018 12:23pm Apr 15, 2018 12:23pm
Quoting mrdfx
{quote} This is an interesting approach to reentries. So you allow reentries on same pair if it not within the last 4 trading days? I've also wondered if allowing reentries after a certain time period might be beneficial as lets say a pair is in a strong trend, and it gives a false reversal so the first entry is a loss, then 3-4 days later the pair will reverse properly giving a profitable entry, but if reentries a not allowed then that position will not be opened by the EA, so you would miss out on that position and profit. So perhaps allowing...
Exactly.
But even if the first entry is not a loss but got stopped out by your TS (if you are still using it).
Also it is possible in trending pairs to miss a counter ZZ signal because of spread (unlikely) but mrdfx timing or SMA not lining up at the same time.
You will be stuck in trading waiting for an absolute reversal and that could take days or weeks preventing you from trading that pair.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,896
  • Apr 15, 2018 3:02pm Apr 15, 2018 3:02pm
FxMadnss, thanks for sharing this EA. I will try it on a small 250€ account and let it run live. I will modify the re-entries to 480 Minutes (8 hours) instead of our 1440 (24 hours) to allow trading in both EU and US sessions, hoping to "survive" the Asian sessions. I am impressed of the performance that your account shows and I am excited to follow it in the future.
Milanolok
  • #3,898
  • Apr 16, 2018 5:41am Apr 16, 2018 5:41am
@Denondj87 - thx for your proposal. No offense at all - but I see you joined the FF only 3-4 months ago. So plz take a look: most of all the threads here die off bcz of proposals like this you made .... People think that another indi they picked up somewhere is the best ever ! There is no indi in this strange fx world out predicting the future .... you know this perhaps. You may change the parameters of every indi and it will show you the best results for the last (near) past .... but tomorrow the picture will be another one .... OK, anyway let's see what mrdfx + ebeckers will say ....
  • #3,899
  • Apr 16, 2018 6:21am Apr 16, 2018 6:21am
Quoting FxMadness
{quote} Let me start with a question. If you have no driver license and no idea what the pedals and that round circle in front of you is for would you get into an experimental self driving car and let it drive you at 100 mph on a busy freeway ? Your answer would probably be "No way !", i know that it would be my answer. Same goes for Expert Advisors. If they were Expert Traders they would have been called so but they are called Advisors for a reason. They only advise you what to trade and if you have a good EA it can do 70% of the trading in the...
Thanks alot for explaining nicely in detail, otherwise I was stuck forever .. I was wondering if we can try automated martingale strategy with some custom rules on this EA!!! since this EA has more than 50% winning rate I believe martingale might work Good with this EA!
  • #3,900
  • Apr 16, 2018 7:07am Apr 16, 2018 7:07am
Quoting bakho
{quote} Thanks alot for explaining nicely in detail, otherwise I was stuck forever .. I was wondering if we can try automated martingale strategy with some custom rules on this EA!!! since this EA has more than 50% winning rate I believe martingale might work Good with this EA!
Dear friend, never ever you have to use martingale methods...... it blow up your account finally and definitely.
Keep it simple without too many crappy indicators!
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