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Simple Daily Trend Reversal Trading System

  • #3,941
  • Apr 20, 2018 2:08pm Apr 20, 2018 2:08pm
Quoting braintheboss
{quote} 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
But i am sure that mrdfx will do an "in-depth" analysis over the past trading weeks why the EA strategy fails and come up with a solution.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,942
  • Apr 20, 2018 6:40pm Apr 20, 2018 6:40pm
and the search for the holy grail continues LOL
  • #3,943
  • Apr 20, 2018 6:41pm Apr 20, 2018 6:41pm
still short gold
  • #3,944
  • Apr 21, 2018 3:37am Apr 21, 2018 3:37am
@sheppy: Following FxMadness's TE .... it seems he found the(his) Holi Gral ....

(Will it last forever in this great way ? ?)
  • #3,945
  • Apr 21, 2018 8:34am Apr 21, 2018 8:34am
Quoting DerBerliner
@sheppy: Following FxMadness's TE .... it seems he found the(his) Holi Gral .... (Will it last forever in this great way ? ?)
I don't need to follow, I was chuckling because everyone wants to mess with the mousetrap)) Stick to the original and it works))))
  • #3,946
  • Apr 21, 2018 12:24pm Apr 21, 2018 12:24pm
Quoting DerBerliner
@sheppy: Following FxMadness's TE .... it seems he found the(his) Holi Gral .... (Will it last forever in this great way ? ?)
Using the system and EA to signal and even enter the trades.
When they are right you do not have to do anything just let them do it.
When they are wrong it is a nice challenge to your trading skills to make it right again.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,947
  • Apr 21, 2018 12:26pm Apr 21, 2018 12:26pm
Quoting sheppy
{quote} I don't need to follow, I was chuckling because everyone wants to mess with the mousetrap)) Stick to the original and it works))))
Really ?
This is not a 10 pip HiLo breakout system so i would love to see some trade examples from you.
Perhaps we can all learn something from them.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,948
  • Apr 21, 2018 2:27pm Apr 21, 2018 2:27pm
Quoting DerBerliner
@sheppy: Following FxMadness's TE .... it seems he found the(his) Holi Gral .... (Will it last forever in this great way ? ?)
Until 1000% and then i will get bored and stop paying attention.
There are so many strategies which with a little traders attention are profitable.
They just do not work fully automated but if ever one of them would that one will be "holy grail".
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,949
  • Apr 21, 2018 2:47pm Apr 21, 2018 2:47pm
Quoting sheppy
{quote} I don't need to follow, I was chuckling because everyone wants to mess with the mousetrap)) Stick to the original and it works))))
It will work untill it dont. And if it dont work after some months then we have question how to trade. How we know when is reversal on daily graphic and when is pullback. And I have doubt that we realy can predict.also patiance needed to trade same way when you know that after some time is chance that market changes to trending and you can lose your gans again
  • #3,950
  • Edited 4:16am Apr 22, 2018 3:43am | Edited 4:16am
Quoting ficibald
{quote} It will work untill it dont. And if it dont work after some months then we have question how to trade. How we know when is reversal on daily graphic and when is pullback. And I have doubt that we realy can predict.also patiance needed to trade same way when you know that after some time is chance that market changes to trending and you can lose your gans again
Its partially true but you have see market as a puzzle. This EA works well in range. Now you only need search a piece for work well in area where EA is weak. People tend to see EA as a tool can replace a human when the truth is closer to be a good assistant. FXM told above. Performance difference is the magic finger. A good EA with an experienced trader can convert trading in a simple game without stress. If you can make same profits using a 1/3 time then you have a perfect job. Less 3 hours work everyday but in small time blocks. I don't know any guy if you offer that kind of job they will say no
Try don't lose pants never...
  • #3,951
  • Apr 22, 2018 12:21pm Apr 22, 2018 12:21pm
Quoting braintheboss
{quote} Its partially true but you have see market as a puzzle. This EA works well in range. Now you only need search a piece for work well in area where EA is weak. People tend to see EA as a tool can replace a human when the truth is closer to be a good assistant. FXM told above. Performance difference is the magic finger. A good EA with an experienced trader can convert trading in a simple game without stress. If you can make same profits using a 1/3 time then you have a perfect job. Less 3 hours work everyday but in small time blocks. I don't...
How I trade this system - If I trade EA signals manualy,I see signal,then I dont even look on 4h graphic which is signal TF .I go to D1 and Weekly and whatch price action on that,basically I see potential reversal on D1 and watch if have room for price to go to next S/R(for example PAST weekly close/open) then open trade.but I failed with last trades because on D1 thease potential reversals dont be reversals but pullbacks so......I dont know how to avoid this thing.Detarmine is it reversal or pullback on D1 is basically another strategy,MRDFX strategy for trigger signal is perfect,WE MISS CORRECT ANALYSIS ON D1 AND WEEKLY NOT ON H4
  • #3,952
  • Apr 22, 2018 12:44pm Apr 22, 2018 12:44pm
Quoting ficibald
{quote} How I trade this system - If I trade EA signals manualy,I see signal,then I dont even look on 4h graphic which is signal TF .I go to D1 and Weekly and whatch price action on that,basically I see potential reversal on D1 and watch if have room for price to go to next S/R(for example PAST weekly close/open) then open trade.but I failed with last trades because on D1 thease potential reversals dont be reversals but pullbacks so......I dont know how to avoid this thing.Detarmine is it reversal or pullback on D1 is basically another strategy,MRDFX...
Im taking about full auto as OP is doing it. TF is not relevant because behavior is same
Try don't lose pants never...
  • #3,953
  • Apr 22, 2018 8:58pm Apr 22, 2018 8:58pm
Quoting FxMadness
{quote} Using the system and EA to signal and even enter the trades. When they are right you do not have to do anything just let them do it. When they are wrong it is a nice challenge to your trading skills to make it right again.
Question is: how do you decide If the open trade is right or wrong, Do you use some kind of technical analysis like trend indicator,Support&resist,pivot points,harmonic patterns or some fundamental analysis or you just simply combine all of these elements!!!
  • #3,954
  • Apr 23, 2018 3:13am Apr 23, 2018 3:13am
Quoting bakho
{quote} Question is: how do you decide If the open trade is right or wrong, Do you use some kind of technical analysis like trend indicator,Support&resist,pivot points,harmonic patterns or some fundamental analysis or you just simply combine all of these elements!!!
It is a combination of looking at the chart in different timeframes, currency strength, daily and weekly ranges.
If a decide to (counter) trade i use a daily or weekly fibo to find the spots.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #3,955
  • Apr 23, 2018 3:54am Apr 23, 2018 3:54am
Quoting sheppy
still short gold
How did you exit?
Learning by doing
  • #3,956
  • Apr 23, 2018 6:46am Apr 23, 2018 6:46am
I am still short, the current 4 hr bar just gave a green buy arrow , I will wait until this 4 hr bar closes in 2 more hrs. If the green arrow is there after the close I will exit my short and wait for the long confirmation as per the original rules on this thread
  • #3,957
  • Apr 23, 2018 6:51am Apr 23, 2018 6:51am
Quoting FxMadness
{quote} Really ? This is not a 10 pip HiLo breakout system so i would love to see some trade examples from you. Perhaps we can all learn something from them.

I am not saying you are wrong with the way you trade it. We all know you give two traders the same profitable system , they will both get different results.
I have nothing here to prove to anyone. I just know that the original rules work for me.
  • #3,958
  • Apr 23, 2018 7:54am Apr 23, 2018 7:54am
Quoting sheppy
I am still short, the current 4 hr bar just gave a green buy arrow , I will wait until this 4 hr bar closes in 2 more hrs. If the green arrow is there after the close I will exit my short and wait for the long confirmation as per the original rules on this thread
gold will tuch 1321.20 area, there you can close your trade, that down move dindt finish. imho.
  • #3,959
  • Apr 23, 2018 11:45am Apr 23, 2018 11:45am
Quoting shum
{quote} gold will tuch 1321.20 area, there you can close your trade, that down move dindt finish. imho.
closed at 1324.83 awaiting confirm to go long now
  • #3,960
  • Apr 23, 2018 7:05pm Apr 23, 2018 7:05pm
Quoting shum
{quote} gold will tuch 1321.20 area, there you can close your trade, that down move dindt finish. imho.

I am ok with what I pulled out of the market with that trade. Thanks for the input
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