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Simple Daily Trend Reversal Trading System

  • #3,921
  • Apr 18, 2018 2:28pm Apr 18, 2018 2:28pm
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....
I determine to silent on this thread. Just watched all the update and develop but finally i think it's time to break the silence or some people will think only dust remain on this thread.
Anyway based on my 4 years watching one of the best development i have seen so far in FF. Good job @mdrfx & ebeckers. Keep going
  • #3,922
  • Apr 18, 2018 2:47pm Apr 18, 2018 2:47pm
I vanished because good posts were getting lost, could see the writing on the wall, posted many times for the originators to be recognised, it was always the regulars who did, the vultures came and went, D
EDIT
Re-subscribed !!!
I don't need to be good at the game, only good enough to beat my opponent,
  • #3,923
  • Apr 18, 2018 6:18pm Apr 18, 2018 6:18pm
Quoting chayon
{quote} I determine to silent on this thread. Just watched all the update and develop but finally i think it's time to break the silence or some people will think only dust remain on this thread. Anyway based on my 4 years watching one of the best development i have seen so far in FF. Good job @mdrfx & ebeckers. Keep going


Agree with you 100%
  • #3,924
  • Apr 18, 2018 6:46pm Apr 18, 2018 6:46pm
Quoting DerBerliner
{quote} 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...
Hello, one thing I have now to agree is I might miss some good (early)entries while limiting auto-trade timing. It is now set from 01:00 to 22:00 (gmt) - higher spreads and swaps during these times. 24/7 is nice too.So, this also answer question made by my friend Luvene.

About the 500 pips SL ..well , I could have set it to 300 or 2000 as Mankindeg said ...SL is at zigzag. TP 1:6 ( I wish it could even be @ 1:20 ..lol) , this is because on D1 time frame you have plenty of time to make your decisions in regards of DD or in regards of your TP. I recognize that although my intentions were initially to leave the EA doing its job with my hands off, it was impossible to me ( emotions-bad in fx-) to see a 200 pips green trade ...fading back to 120 without manually closing or trail with about 1/3 of the ADR distance when pips are GREEN around +150 ( depending on the pair behaviour, supply demand, strength,others).

So, you can now consider my results as semi-auto. IF I could leave my day job , I would probably trade this manually only on H4 and D1 ...and would be back also to Fxm TTM ( that I left in the deep freezer cryo style).

These are current open trades running ..and the the following post I will explain my views on the zigzag look back 90 days ( daily candle thinggy) and reentries...

Attached Image (click to enlarge)
Click to Enlarge Name: d1 strategy April 18.png Size: 69 KB
  • #3,925
  • Apr 18, 2018 7:38pm Apr 18, 2018 7:38pm
Update on my Daily SDTR

I have three (3) active trades. I'm very "hands-off" and although all 3 are in profit, none have reached the 100 pip profit level where the TS will kick-in.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018_04_18_Daily SDTR Workspace.png Size: 434 KB
  • #3,926
  • Apr 18, 2018 8:52pm Apr 18, 2018 8:52pm
Quoting Pip Bull
Update on my Daily SDTR I have three (3) active trades. I'm very "hands-off" and although all 3 are in profit, none have reached the 100 pip profit level where the TS will kick-in. {image}
Hey Pipbull , thanks for sharing.I see that AUDNZD could be a nice runner , USDJPY reached some resistance level AND zigzag pointer showing up ( time to take profit- for me) . GBPAUD need to be closely watched I would place my SL at breakeven when 50 Green pips , there is a weak support nearby.
But you are hands-off , so , let them run ..

Thumb up.
  • #3,927
  • Apr 18, 2018 9:23pm Apr 18, 2018 9:23pm
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....
Well I'm in this thread till the end and I do believe This EA is one of the best system so far, We just need to keep playing with it!!!
  • #3,928
  • Apr 19, 2018 1:07am Apr 19, 2018 1:07am
mrdfx
Quote
I think my strategy, and the EA have proven themselves as a system which works and is profitable,

Well, not really.
If the current market conditions keep on for another couple of weeks the EA as seen in your TE will likely fail.
No money has been made yet.

I think that you will generate more interest in the system if you had continued with the manual style of trading and more examples.
You did show a manual TE once with great results but you did not follow up on that.

I think that you would have had a lot more followers and feedback.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,929
  • Apr 19, 2018 5:05am Apr 19, 2018 5:05am
@FxMadness - I hope very much, that your words are NOT the summary resp. "closing words" for this thread !
  • #3,930
  • Apr 19, 2018 6:14am Apr 19, 2018 6:14am
Quoting DerBerliner
@FxMadness - I hope very much, that your words are NOT the summary resp. "closing words" for this thread !
No, i will still be around.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,931
  • Apr 19, 2018 7:10am Apr 19, 2018 7:10am
i think all the system were f***ed last week due the Syria attack, and went to "normal" when Trump announced 'mission accomplished'.
not just this SDTR. this is why we need pay attention to the news especially non-scheduled news.
"Hope" is dangerous word in trading, trade what you see not what you hope!
  • #3,932
  • Apr 19, 2018 10:39am Apr 19, 2018 10:39am
Quoting zorndyke
i think all the system were f***ed last week due the Syria attack, and went to "normal" when Trump announced 'mission accomplished'. not just this SDTR. this is why we need pay attention to the news especially non-scheduled news.
Really think so ?

So why did the UKpound surged against the USdollar despite the UK was partner in the Syria bombing, has the has a bodged Skripal case and a Brexit on their hands ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,933
  • Apr 19, 2018 10:39am Apr 19, 2018 10:39am
Quoting stefdek
{quote} 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...
are you still working with your above settings or you have shifted to mrdfx's new .Set ?
  • #3,934
  • Edited 1:39pm Apr 19, 2018 11:58am | Edited 1:39pm
Quoting DerBerliner
@FxMadness - I hope very much, that your words are NOT the summary resp. "closing words" for this thread !
Quoting FxMadness
{quote} No, i will still be around.
That said....i think the automated strategy will fail.

Looking a little bit deeper into mrdfx TE (EA driven) almost all pairs of the 28 (or at least a lot, didn't count them) failed.
This is highly unlikely. I have never seen 28 pairs trend at the same period for a longer time.

Zorndyke
Quote
i think all the system were f***ed last week due the Syria attack, and went to "normal" when Trump announced 'mission accomplished'.
not just this SDTR

Basically this is the idea behind swing/reversal trading, take the pips.

The other thing is that mrdfx said that this strategy fails on strong trending pairs hence the losses.
It should not because of the buy-sell-buy-sell option.

Fi. strong upward trending pair and the EA reacts on a daily sell reversal, so sells and hits SL.
Should not be a problem because the next trade should be a buy in the trend direction and at least have a return of 1:3 thus making up for the loss of
the false downward reversal.
So it fails on up-down-up-down-up ? a reversal strategy ?

I hope that mrdfx can give a better explanation (for the sake of the thread) than "the market is against us".

For the D1 chart traders (longer term) traders, just dump a ZZ indicator on 28 charts, wait for the arrow, trade in the direction and set the right SL/TP.
You will highly likely get the same or better results.
The 4 or so other indicators do not really matter.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,935
  • Apr 19, 2018 1:37pm Apr 19, 2018 1:37pm
@FxMadness:

For the D1 chart traders (longer term) traders, just dump a ZZ indicator on 28 charts, wait for the arrow, trade in the direction and set the right SL/TP.
You will highly likely get the same results.

What do you mean posting this sentence: "You will highly likely get the same results." What "results" dp you mean ?

Do you mean using the ZZ indi alone will give the same results like using the complete SDTR system
  • #3,936
  • Apr 19, 2018 3:00pm Apr 19, 2018 3:00pm
[quote=DerBerliner;10981692]@FxMadness: For the D1 chart traders (longer term) traders, just dump a ZZ indicator on 28 charts, wait for the arrow, trade in the direction and set the right SL/TP. You will highly likely get the same results. What do you mean posting this sentence: "You will highly likely get the same results." What "results" dp you mean ? Do you mean using the ZZ indi alone will give the same results like using the complete SDTR system[/quote]

Yes.
It will only generate a couple of trades a week/month and if you can not manage those, should you really be trading at all ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,937
  • Apr 19, 2018 3:20pm Apr 19, 2018 3:20pm
As I see doubts about ZZ i will show one thing. Capture shows new high/lows using ZZ formula.

1) Top ( red ) shows original ZZ. Its smoother because all paint is faked. Backstep controls the noise "cleaner"
2) Bottom ( blue ) shows real highs/lows made by ZZ without any "cleaner" trick.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (421).png Size: 163 KB

ZZ in EA shows signal at every new high/low after candle close with a duration of X candles. In high timeframes like FXM recomends it can make a big DD. Circles shows EA signals
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (422).png Size: 99 KB
Try don't lose pants never...
  • #3,938
  • Apr 19, 2018 3:20pm Apr 19, 2018 3:20pm
Last post explains why last 2 weeks EA was very "sick"...

PD: Use high TFs not solve the problem. Only shift it a few days/weeks. And DD have relation with TF. Bigger TF bigger DD
Try don't lose pants never...
  • #3,939
  • Edited 9:52am Apr 20, 2018 9:18am | Edited 9:52am
Quoting braintheboss
Last post explains why last 2 weeks EA was very "sick"... PD: Use high TFs not solve the problem. Only shift it a few days/weeks. And DD have relation with TF. Bigger TF bigger DD
The "trend indicator" is in defect or else the EA would not be fooled into false reversals.
Either that or the profit expectation from a daily reversal are just to high, not reached and run back into SL.

ZZ can never be a "major" indicator that's why the MA break and the mrdfx timing there also.
Trying to eliminate.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,940
  • Apr 20, 2018 10:08am Apr 20, 2018 10:08am
Quoting FxMadness
{quote} The "trend indicator" is in defect or else the EA would not be fooled into false reversals. Either that or the profit expectation from a daily reversal are just to high, not reached and run back into SL. ZZ can never be a "major" indicator that's why the MA break and the mrdfx timing there also. Trying to eliminate.
Precisely the key is ZZ. Its better reduce repainting modifying it that add filters only delay or miss good trades while open the bad ones in the worst place possible
Try don't lose pants never...
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