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Simple Daily Trend Reversal Trading System

  • #3,901
  • Apr 16, 2018 7:08am Apr 16, 2018 7:08am
@bakho - see my post above answering @Denondj87 ...........

And now: Martingale ? Oh Boy .... Martingale, even automatical Martingale ? Excuse me but in my eyes that's the beginning of the final disaster !
  • #3,902
  • Apr 16, 2018 7:11am Apr 16, 2018 7:11am
So guys and gals - before proposing any improvements think twice and stick to the ORIGANL STRATEGY !
  • #3,903
  • Apr 16, 2018 8:12am Apr 16, 2018 8:12am
Quoting DerBerliner
@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...
@DerBerliner I only proposed to try the formula of this indicator that does not delay the intersection as moving averages all here the formula is different I did not want to change the strategy but propose an improvement to increase the accuracy of the signal did not understand what I asked. ... anyway, if you do not want to do it alone ... and then I follow the strategy for more than a year I just registered for just questions or ask questions but I started from the first and to have released. ... it does not depend on when you register, you know you have to ask before
  • #3,904
  • Apr 16, 2018 8:35am Apr 16, 2018 8:35am
Today the ea Made this signal h4 different setup from yours
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  • #3,905
  • Apr 16, 2018 8:26pm Apr 16, 2018 8:26pm
Quoting DerBerliner
@bakho - see my post above answering @Denondj87 ........... And now: Martingale ? Oh Boy .... Martingale, even automatical Martingale ? Excuse me but in my eyes that's the beginning of the final disaster !
Oh I know, I myself dont like the idea of Martingale anymore, but you know since we are having a discussion So We should keep all options open , sometimes even the worst things turns out to be best, I wasnt really considering it , just taking a opinion on it,but Lets end this martingale discussion right here and stay focused on original course
  • #3,906
  • Apr 17, 2018 1:35pm Apr 17, 2018 1:35pm
Remembering the time seeing here 30...50 People watching the thread and namely the TE ....... it seems for now: game over here ? The constant losses during the last two weeks have chased away all these desperate soldiers of fortune ! It's a pity - seems another one bite the dust ? Or .... not just yet ? Any thoughts ?
  • #3,907
  • Apr 17, 2018 3:09pm Apr 17, 2018 3:09pm
I'm seeing in last post about ideas. But nobody wonder why last 2 weeks EA fails. Ideas without know the problem is useless. OP knows why happens this because he commented before start real test ( EA suffered same problem that now ).

In range or small trends EA works well. That is a good news because its moments were fails systems normally. EA fails where the majority works. In strong trends. Solution is not add more "options" to EA. Solution is add a trend follower system and find a way for switch between both ( trend reversal or trend follower ). Easy to diagnose but hard to solve...
Try don't lose pants never...
  • #3,908
  • Apr 17, 2018 3:16pm Apr 17, 2018 3:16pm
Quoting DerBerliner
Remembering the time seeing here 30...50 People watching the thread and namely the TE ....... it seems for now: game over here ? The constant losses during the last two weeks have chased away all these desperate soldiers of fortune ! It's a pity - seems another one bite the dust ? Or .... not just yet ? Any thoughts ?

I think our major sin was increasing the lot early. From the report, its clear the EA is still on over 500 pips positive. i suggest we allow the EA run on same moderate lot for say 6 months and see what comes from it. its too early to draw conclusions, even if the EA in on 100 pips positive at the end of each month, it will still be going great. Many paid signal providers don't give up to 200 pips consistently per month and here an EA is attempting that. Lets give it room to breathe.
i have tried to start trades with a trend, now i prefer to follow the trend
  • #3,909
  • Apr 17, 2018 6:30pm Apr 17, 2018 6:30pm
Today I set up a small live account (300€) to test this EA. Used std settings, money management 2% of equity. Let's see how it goes. Open account. Welcome to have a look.
  • #3,910
  • Apr 17, 2018 7:02pm Apr 17, 2018 7:02pm
Quoting braintheboss
I'm seeing in last post about ideas. But nobody wonder why last 2 weeks EA fails. Ideas without know the problem is useless. OP knows why happens this because he commented before start real test ( EA suffered same problem that now ). In range or small trends EA works well. That is a good news because its moments were fails systems normally. EA fails where the majority works. In strong trends. Solution is not add more "options" to EA. Solution is add a trend follower system and find a way for switch between both ( trend reversal or trend follower...
I completely Agree with your concept because if we make EA works like the way you say then its not a EA anymore but 24/5 money making machine!!!
  • #3,911
  • Apr 17, 2018 8:27pm Apr 17, 2018 8:27pm
News from SDTR D1 strategy. I have strarted this on March 26th.So far so good more than 1300 pips. Win rate > 90% ( I had 3 thinny loss few pips on the 26/03, because I closed manually the trades opened by EA while it was on H4-stupid-, as I wanted to trade D1). Last week loss 110 pips was on EURGBP that I let run till its zigzag pointer.So, forgetting the mismatch H4/D1 ...signals WERE 90% accurate on that specific timeframe. I also changed the settings. TP is set @ R:R 1/6 because
I prefer to close manually , or trailing when I feel/see that a small pullback is drawing & starting to eat the green pips.So, I can close this trade and maybe re-enter
the day later when all indi´s align again to continue the TREND.I am not an expert.Comments/opinions on my new settings are really apreciated.

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  • #3,912
  • Apr 17, 2018 9:19pm Apr 17, 2018 9:19pm
Quoting stefdek
News from SDTR D1 strategy. I have strarted this on March 26th.So far so good more than 1300 pips. Win rate > 90% ( I had 3 thinny loss few pips on the 26/03, because I closed manually the trades opened by EA while it was on H4-stupid-, as I wanted to trade D1). Last week loss 110 pips was on EURGBP that I let run till its zigzag pointer.So, forgetting the mismatch H4/D1 ...signals WERE 90% accurate on that specific timeframe. I also changed the settings. TP is set @ R:R 1/6 because I prefer to close manually , or trailing when I feel/see that a...
So far one of the best results till now..following!!!
  • #3,913
  • Apr 17, 2018 10:27pm Apr 17, 2018 10:27pm
Quoting FxMadness
{quote} Just like gld, silver, cryptos etc. No fx markets.
Gold margin is small, you must be using wrong broker I use IC Markets a 1.00 lot costs approx $340 but I usually only trade a .10 at 33.97 margin .
  • #3,914
  • Apr 17, 2018 10:29pm Apr 17, 2018 10:29pm
Quoting nbhatti
{quote} hi sheepy are u still holding this trade??
its still a valid signal yes, I have added up higher at 1350.31. my average entry price increased enough for me to cash in on some movement down. Holding my .10 lot at 1350.31 now
  • #3,915
  • Apr 18, 2018 12:44am Apr 18, 2018 12:44am
Quoting stefdek
News from SDTR D1 strategy. I have strarted this on March 26th.So far so good more than 1300 pips. Win rate > 90% ( I had 3 thinny loss few pips on the 26/03, because I closed manually the trades opened by EA while it was on H4-stupid-, as I wanted to trade D1). Last week loss 110 pips was on EURGBP that I let run till its zigzag pointer.So, forgetting the mismatch H4/D1 ...signals WERE 90% accurate on that specific timeframe. I also changed the settings. TP is set @ R:R 1/6 because I prefer to close manually , or trailing when I feel/see that a...
Very impressing Stephan The only thing I want to know is your time setting. I see start is 3H and 15M. Which time is this local in London? I guess it is 9.15 AM or is it 8.15 or 10.15. Please let me know my friend.
Keep it simple without too many crappy indicators!
  • #3,916
  • Apr 18, 2018 1:19am Apr 18, 2018 1:19am
Quoting stefdek
News from SDTR D1 strategy. I have strarted this on March 26th.So far so good more than 1300 pips. Win rate > 90% ( I had 3 thinny loss few pips on the 26/03, because I closed manually the trades opened by EA while it was on H4-stupid-, as I wanted to trade D1). Last week loss 110 pips was on EURGBP that I let run till its zigzag pointer.So, forgetting the mismatch H4/D1 ...signals WERE 90% accurate on that specific timeframe. I also changed the settings. TP is set @ R:R 1/6 because I prefer to close manually , or trailing when I feel/see that a...
Thx for posting these daily trading results ! Looks good ! I joint the daily testers as well .... although early days to post any results. Automtically I use the EA for daily trading at one MT4 platform and I use another platform for manual (daily) trading based only at the signals the EA is generating + managing the trades by Hand or using an extern order manger EA like the MPTM.

It seems to me the SL you use could be to high ? I don't know the capital you use, but 0.02 lot and 500 pips SL result - in case of a loss - in approx. 100 $ or so .... 10k start capital is needed to have 1% risk per trade - that's (for me) quit a lot. Anyway, good to see your success !

Btw - I had a look at your setfile/parameters - why do you limit the trading time, using the daily TF ? It seems to me in that case of daily trading running the EA 24/5 would be ok ? Why did you allow the reentries at the same pairs ?

Anyway - it's your choice of course .... and let's see, perhaps these parameters you have choosen will bring furthermore best results !? Will post my results for daily trading here later on. My settings are different from yours - that's a good point bcz we can compare them and find out better settings to optimize the results.
  • #3,917
  • Apr 18, 2018 1:33am Apr 18, 2018 1:33am
Quoting stefdek
News from SDTR D1 strategy. I have strarted this on March 26th.So far so good more than 1300 pips. Win rate > 90% ( I had 3 thinny loss few pips on the 26/03, because I closed manually the trades opened by EA while it was on H4-stupid-, as I wanted to trade D1). Last week loss 110 pips was on EURGBP that I let run till its zigzag pointer.So, forgetting the mismatch H4/D1 ...signals WERE 90% accurate on that specific timeframe. I also changed the settings. TP is set @ R:R 1/6 because I prefer to close manually , or trailing when I feel/see that a...
Your magic number for buy and sell appears to be exactly the same. I believe these should be different to avoid issues should you reload EA if computer crashes.
  • #3,918
  • Apr 18, 2018 9:15am Apr 18, 2018 9:15am
Quoting DerBerliner
{quote} It seems to me the SL you use could be to high ? I don't know the capital you use, but 0.02 lot and 500 pips SL result - in case of a loss - in approx. 100 $ .
If you look at his settings he set the ZigZag stoploss to "true", which is almost always before the 500 pips S/L. The Pips S/L will only be active when the zigzag SL is higher or turned off.
As you can see on his screen, his actual S/L for the trade is at 70 pips.
  • #3,919
  • Apr 18, 2018 10:07am Apr 18, 2018 10:07am
Quoting DerBerliner
Remembering the time seeing here 30...50 People watching the thread and namely the TE ....... it seems for now: game over here ? The constant losses during the last two weeks have chased away all these desperate soldiers of fortune ! It's a pity - seems another one bite the dust ? Or .... not just yet ? Any thoughts ?
This is typical human behavior and happens all the time on FF.

When people see a thread with a TE, and its making money everyone will jump on for the freebie, but when it has a few losses they will disappear..

This is what happens when people are searching for the holy grail on a public forum, it doesn't exist!

I think my strategy, and the EA have proven themselves as a system which works and is profitable, is it perfect? no its not, there is no such thing in forex. Every strategy has its weaknesses, and understanding that, and putting in proper measures to minimize the losses will help to secure the profits.

This is also a continuous learning process as the market is always changing, and we need to adapt to stay above it, so making some changes here and there, fine tuning the settings of the EA from time to time will help to keep it profitable.

The last 2 weeks that we had the losses is partly my fault, and the market, and I've made changes which we will see going forward.

I don't expect many members to stick around, as they continue searching FF for the holy grail, jumping from one thread to the next, that's fine I really don't care. My purpose was to share a strategy which might help some traders be more profitable, and ebeckers created a great tool to help with that, so if people don't see the value in this thread then they must move on and keep searching till kingdom come.

And lastly this thread is not over or "bite the dust" we have so much more to do, and profits to make!
Truth is like poetry. And most people f*cking hate poetry.
  • #3,920
  • Apr 18, 2018 1:28pm Apr 18, 2018 1:28pm
Quoting mrdfx
{quote} This is typical human behavior and happens all the time on FF. When people see a thread with a TE, and its making money everyone will jump on for the freebie, but when it has a few losses they will disappear.. This is what happens when people are searching for the holy grail on a public forum, it doesn't exist! I think my strategy, and the EA have proven themselves as a system which works and is profitable, is it perfect? no its not, there is no such thing in forex....

This is typical . That's why most people lose in the trading arena. I do think this is a great strategy!!! I am still using the original format and no EA I for one thank you and Ebeckers!!!!! As far as those who want spoon feeding etc. There are no free lunches!!!!
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