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Simple Daily Trend Reversal Trading System

  • #4,021
  • Edited 2:52pm May 3, 2018 11:04am | Edited 2:52pm
I will let my own MBFX timing tool ( mladen RSX really ). RSX indy not expire because is mladen with some new stuff ( unfinished ). Server will expire 1 Jan 2019 because have all my signal logic ( really the important area in this tool ). If you find useful i can let a build without expiration later...

Server dont need RSX tool. RSX is only for visual

PD: I personally I didnt see it useful but...
Attached File(s)
File Type: ex4 RSX Server.ex4   154 KB | 626 downloads
File Type: ex4 rsx nrp mtf nmc.ex4   30 KB | 696 downloads
Try don't lose pants never...
  • #4,022
  • May 3, 2018 11:25am May 3, 2018 11:25am
Quoting shum
{quote} wrong.. use right MM, risk.. dont expect more than 50% profit from account, every month. all profits what are higher that 50-70%, its will blow account, soon or later.. 400% profit and drowdown of -99% it is reality..and broker conection has nathing to do with this. Its all about risk, using grids, hedge, or martin. The author TE is steel alive, coz he stay strong with the rules, but make some mistakes with risk.. thats all.
If you are using hidden SL/TP and a trade management EA you depend on your brokers connection.
If you take the time to examine the above images you can see that exactly at the same time the trades would have hit the target the connection was "lost".

99% DD means nothing on small accounts, you can not trade without DD, just a reality you have to accept.
Rule 1 "Only trade with money you can afford to lose" so why don't accept the DD if it leads to larger profits. You are trading with "spare" money (i hope so).

You said "The authors TE is still alive because he stay strong with the rules".
That is wrong, if the author (or anybody just started with the EA) had started on March 22 with the 250 account it would have been about zero right now.
The author just happened to catch the uptrend first (not the first time to be honest).

Do i mind losing ? of course not, it is all in the game.
Do i mind losing when i was right but the connection was "lost", hell yes.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,023
  • May 5, 2018 3:39am May 5, 2018 3:39am
Hi All
Been on and off this site for a while now as trying to learn more about trading forex over the last few years. After approx 3 years I'm about breakeven with my own trading (micro account/part time) so always looking for the strategy that can produce the contant results/good profits. I have been reading this post with interest over the past few weeks and I must say some great collaborative work is going on a great strategy. I apologise that I can't bring much to the table in terms of coding/indepth forex knowledge but I just wanted to say keep up the great work as the system is getting better & better.

I did start trying the 4hr strategy out about a month or so ago for 3-4 weeks on a demo and overall it produced a small loss. However, I have changed to the daily strategy now for the last couple of weeks and although not as much action it seems to produce more accurate entries and a better win ratio compared to the 4hr so I will keep on going with this and keep you updated with my results. Hopefully I can contribute a bit more over the coming weeks once I start to really get my head around the options for further improvement.
Carlos
"All good things to those who wait"
  • #4,024
  • May 8, 2018 7:43am May 8, 2018 7:43am
@mrdfx

Just two questions.

When will you stop the EA @ 250 deposit level ?
Why didn't you open a TE for the (back to the basic) version not using S&R ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,025
  • Edited 4:17pm May 8, 2018 9:18am | Edited 4:17pm
Quoting FxMadness
@mrdfx Just two questions. When will you stop the EA @ 250 deposit level ? Why didn't you open a TE for the (back to the basic) version not using S&R ?
I have not thought about when to stop the EA, I'm just letting to do its thing. I've made some adjustments which should improve things going forward, but then again that depends on the market. It's been a rough last 4 weeks. I don't intend to stop the EA or TE anytime soon.

I have not opened a TE yet as I have not started that experiment yet. I'm waiting for a slot to open up on my VPS then I will start that test.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,026
  • May 9, 2018 4:40am May 9, 2018 4:40am
I am testing this as an addition because i do not think that the trend indicator is very accurate.
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: testing2.PNG Size: 19 KB
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,027
  • May 9, 2018 5:37am May 9, 2018 5:37am
Quoting FxMadness
I am testing this as an addition because i do not think that the trend indicator is very accurate. {image}{image}
This really makes a lot of sense Madness, good job, if you want more testers, just let me know...
Building a Freedom All Time Return: 5,178.8%
  • #4,028
  • May 9, 2018 8:41am May 9, 2018 8:41am
Quoting J1mm
{quote} This really makes a lot of sense Madness, good job, if you want more testers, just let me know...
After the initial test i will for sure need some testers.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,029
  • May 9, 2018 8:50am May 9, 2018 8:50am
Quoting FxMadness
I am testing this as an addition because i do not think that the trend indicator is very accurate. {image}{image}
Interesting so you have replaced the S&R filter for a strength filter?
Truth is like poetry. And most people f*cking hate poetry.
  • #4,030
  • May 9, 2018 9:14am May 9, 2018 9:14am
Quoting mrdfx
{quote} Interesting so you have replaced the S&R filter for a strength filter?
Yex, correct.
It replaces in this case (H4) only S&R and is currently running on H1 strength but should be tested for H4 strength also.
On H1 it replaces trend, S&R and MA15 and i also created more exits based on strength turnaround.
Looking good so far.
Attached Image (click to enlarge)
Click to Enlarge Name: testing3.PNG Size: 276 KB


Multiple exits
Attached Image
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,031
  • May 9, 2018 9:47am May 9, 2018 9:47am
Quoting FxMadness
{quote} Yex, correct. It replaces in this case (H4) only S&R and is currently running on H1 strength but should be tested for H4 strength also. On H1 it replaces trend, S&R and MA15 and i also created more exits based on strength turnaround. Looking good so far. {image} Multiple exits {image}
Looking good so far bud, I'll be following along.

I did experiment in the beginning using a strength filter from your FXM indicator, cross checking new signals to the suggestions on the FXM indie list, but there was no real advantage.

Perhaps applying a different approach using currency strength will work better.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,032
  • May 10, 2018 4:43am May 10, 2018 4:43am
Quoting FxMadness
I am testing this as an addition because i do not think that the trend indicator is very accurate. {image}{image}
Me too think it's a good idea to consider strength.
I'm using strength as a further filter to be applied to signals given by the EA and so far (only a couple of weeks) things are getting better.

Bubincka
Attached Image (click to enlarge)
Click to Enlarge Name: EU_H4.jpg Size: 143 KB
Porta itineris dicitur longissima esse
  • #4,033
  • May 10, 2018 7:36am May 10, 2018 7:36am
Quoting FxMadness
{quote} After the initial test i will for sure need some testers.
Hi FxMadenss, thanks a lot for a glimpse of your upgraded Simple Daily Trend Reversal EA.
I would like to test it as well. Please count me in.
B.rgds Mike
  • #4,034
  • May 10, 2018 9:52am May 10, 2018 9:52am
Quoting FxMadness
{quote} Yex, correct. It replaces in this case (H4) only S&R and is currently running on H1 strength but should be tested for H4 strength also. On H1 it replaces trend, S&R and MA15 and i also created more exits based on strength turnaround. Looking good so far. {image} Multiple exits {image}
@fxmadness Hi can you share your modify version of the ea please? , i would to try it in daily with my settings Thanks a lot
  • #4,035
  • May 10, 2018 10:20am May 10, 2018 10:20am
Quoting FxMadness
{quote} Yex, correct. It replaces in this case (H4) only S&R and is currently running on H1 strength but should be tested for H4 strength also. On H1 it replaces trend, S&R and MA15 and i also created more exits based on strength turnaround. Looking good so far. {image} Multiple exits {image}
Sounds like a nice improvement FXmadness with the strength meter...

When looking through the EA settings I see there is also an option to enable an SMA200 Trendfilter so was wondering if anyone has run the EA with this
enabled and could share results? Apologies if there is a thread about it but I couldn't see one.
I presume that if the trendfilter is enabled, it would take trades in the direction of the trend following a pull back, which maybe of benefit in
a trending market and elimate some of the false trend reversals that the EA identifies? I undertand that this is EA is primarily a trend reversal
identifier but maybe also be of benefit to catch a continuation of a trend?

As mentioned before I'm just learning so maybe talking complete nonsense, so welcome feedback
"All good things to those who wait"
  • #4,036
  • Edited 6:06am May 11, 2018 5:13am | Edited 6:06am
Quoting Denondj87
{quote} @fxmadness Hi can you share your modify version of the ea please? , i would to try it in daily with my settings Thanks a lot
Be patient.
I do need some time to make what is now hard coded variable and get all those nasty test prints to the log out.
Also not all the newly introduced exits are fully tested yet and i do want to do that first.
Give or take you can start next week with this version.

An observation of the current version:

If you see that large negative number displayed at the stoploss of a trade, restart the EA because TP and trailing will not work.
Haven't found the error in the code yet.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,037
  • May 11, 2018 7:35am May 11, 2018 7:35am
It's a real pity that ebeckers has gone quiet.

He has not responded to my emails and messages for weeks, and there were still a few things that I had picked up that he was working on to release v1.26, but it does not seem like he is doing it anymore, a real shame.

The EA showed so much potential as good as it already is, if only he could have continued..
Truth is like poetry. And most people f*cking hate poetry.
  • #4,038
  • May 11, 2018 7:41am May 11, 2018 7:41am
Quoting mrdfx
It's a real pity that ebeckers has gone quiet. He has not responded to my emails and messages for weeks, and there were still a few things that I had picked up that he was working on to release v1.26, but it does not seem like he is doing it anymore, a real shame. The EA showed so much potential as good as it already is, if only he could have continued..
Maybe, he is no more disposed at the moment, i suggest we ask for assistant from others. ebeckers has done a great work already and of course Mrdfx has done marvelously well too.
i have tried to start trades with a trend, now i prefer to follow the trend
  • #4,039
  • May 11, 2018 7:46am May 11, 2018 7:46am
Quoting mrdfx
It's a real pity that ebeckers has gone quiet. He has not responded to my emails and messages for weeks, and there were still a few things that I had picked up that he was working on to release v1.26, but it does not seem like he is doing it anymore, a real shame. The EA showed so much potential as good as it already is, if only he could have continued..
The source code is publicly available so why don't you pitch your ideas here on the thread and perhaps some other programmer will pick them up ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,040
  • May 11, 2018 7:55am May 11, 2018 7:55am
Quoting mrdfx
It's a real pity that ebeckers has gone quiet. He has not responded to my emails and messages for weeks, and there were still a few things that I had picked up that he was working on to release v1.26, but it does not seem like he is doing it anymore, a real shame. The EA showed so much potential as good as it already is, if only he could have continued..
I do think that is a bit of an optimistic view of the current state of the EA.
The EA (as in your TE) manged to lose almost all gains in half of the time it took to gain them......

Don't get me wrong, i do not say it is a bad EA but it does need a lot of work.
I can calculate the movement of stars, but not the madness of men. Isaac N.
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