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Simple Daily Trend Reversal Trading System

  • #4,101
  • May 24, 2018 9:59am May 24, 2018 9:59am
well i also used manually the daily
by majamivice set
surprise after 3 days +230 pips
from 7 pairs
that might still reverse tommorow
but try to hold this
  • #4,102
  • May 24, 2018 10:28am May 24, 2018 10:28am
Quoting mrdfx
{quote} Still here lol.. D1 has been doing well these days surprisingly, and H4 is still deciding whether it want to cooperate or not. I have not tested your version yet, as I need to clear some extra space on my terminal first haha.. I did ask you some questions about your version a few posts back, still waiting for your reply...
Questions, which ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,103
  • May 24, 2018 10:45am May 24, 2018 10:45am
Quoting mrdfx
{quote} Can you please explain the strength filter a bit more? The strength period, how is this selected? I see default is 60, what is this period for?
@FxMadness
Truth is like poetry. And most people f*cking hate poetry.
  • #4,104
  • May 24, 2018 11:12am May 24, 2018 11:12am
Quoting beethoven
well i also used manually the daily by majamivice set surprise after 3 days +230 pips from 7 pairs that might still reverse tommorow but try to hold this
I also have had 200+ pips this week so far on majamivice daily set files.

I am though thinking of making a slight change to the minsBetween2Tradesonsamepair settings. It's currently set to 1440 but this week it re-opened a couple of trades that closed in nice profit but then went on to hit the stop loss. I'm therefore thinking of increasing this setting to either 4320 or 7200 - any feedback on this would be appreciated.

Also looking forward to FXMadness daily set files to have a test of when he posts them.
"All good things to those who wait"
  • #4,105
  • May 24, 2018 11:41am May 24, 2018 11:41am
Quoting mrdfx
{quote} @FxMadness
Didn't this post https://www.forexfactory.com/showthr...1#post11073951 answered your question ?
If not, why not ?
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,106
  • May 24, 2018 12:55pm May 24, 2018 12:55pm
Quoting FxMadness
{quote} Didn't this post https://www.forexfactory.com/showthr...1#post11073951 answered your question ? If not, why not ?
Hahaha missed that post somehow!

So you think if using strength that for H4 its best to use H1 strength, and for daily to use H4 strength?

So basically confirming strength on the lower time frame for entry?

As soon as I can get a free spot on my VPS I'll load up your version and give it a run.

I also look forward to seeing your set file of how you are using it.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,107
  • May 24, 2018 1:05pm May 24, 2018 1:05pm
Guys I realized that I have not uploaded my current set files since making some changes a while back.

Attached you will find the set files for how I am trading on H4 and D1.
Attached File(s)
File Type: zip Updated Set Files.zip   3 KB | 1,181 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #4,108
  • May 24, 2018 9:44pm May 24, 2018 9:44pm
Quoting mrdfx
Guys I realized that I have not uploaded my current set files since making some changes a while back. Attached you will find the set files for how I am trading on H4 and D1. {file}
What version of the EA do you use with those presets ? Still v1.21, or, change to v1.25 ?
Thanks.
  • #4,109
  • May 25, 2018 4:48am May 25, 2018 4:48am
Quoting mrdfx
Guys I realized that I have not uploaded my current set files since making some changes a while back. Attached you will find the set files for how I am trading on H4 and D1. {file}
Hi i am testing the fxmadness ea with your setting in d1 with 100000 demo account key to markets broker...seems good
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  • #4,110
  • May 26, 2018 11:23am May 26, 2018 11:23am
Well I must say that this has been a good week!

The account managed to recover some loss and overall made 20% this week.

I must say that the D1 chart did really well this week and contributed to most of the gains.
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Truth is like poetry. And most people f*cking hate poetry.
  • #4,111
  • May 26, 2018 11:26am May 26, 2018 11:26am
Does version 1.25 avoid the situation where the signals are late and cause losses due to trailing stop?

I am using the set of majamivice and version 1.21 of the ea, had 10% loss this week.
  • #4,112
  • May 26, 2018 11:30am May 26, 2018 11:30am
Quoting mrdfx
Well I must say that this has been a good week! The account managed to recover some loss and overall made 20% this week. I must say that the D1 chart did really well this week and contributed to most of the gains. {image}
What version of the EA do you use to get this good result ? Still v1.21, or, change to v1.25 ?
  • #4,113
  • May 26, 2018 11:31am May 26, 2018 11:31am
Quoting chrisdk2017
Does version 1.25 avoid the situation where the signals are late and cause losses due to trailing stop? I am using the set of majamivice.
To answer your own question I suggest you read back a few pages, or better yet read the first post!
Truth is like poetry. And most people f*cking hate poetry.
  • #4,114
  • May 26, 2018 11:32am May 26, 2018 11:32am
Quoting JmYm
{quote} What version of the EA do you use to get this good result ? Still v1.21, or, change to v1.25 ?
v1.25
Truth is like poetry. And most people f*cking hate poetry.
  • #4,115
  • May 26, 2018 1:11pm May 26, 2018 1:11pm
Well,for me this week just 1%.
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  • #4,116
  • May 26, 2018 3:45pm May 26, 2018 3:45pm
Quoting chrisdk2017
Does version 1.25 avoid the situation where the signals are late and cause losses due to trailing stop? I am using the set of majamivice and version 1.21 of the ea, had 10% loss this week.
Longer term trading like day or week is of course dependent on when exactly you started the EA.
Fi. looking @miamivice's results over two weeks and then decide to start a D1 EA could bring you all losing trades or at least deep DD.
MV could have entered @the right moment and already build up a buffer of positive pips to mange D/W pullbacks and the DD.

Blindly following settings of other people is not the best idea.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,117
  • May 26, 2018 11:22pm May 26, 2018 11:22pm
Quoting mrdfx
{quote} v1.25
Yeah, I thought so. Just want to make sure.
Thanks.
  • #4,118
  • May 26, 2018 11:25pm May 26, 2018 11:25pm
Quoting FxMadness
{quote} Longer term trading like day or week is of course dependent on when exactly you started the EA. Fi. looking @miamivice's results over two weeks and then decide to start a D1 EA could bring you all losing trades or at least deep DD. MV could have entered @the right moment and already build up a buffer of positive pips to mange D/W pullbacks and the DD. Blindly following settings of other people is not the best idea.
Agree. That's why we always need opinions from experts like you.
You are very welcome to give us deeper insight.
Thanks.
  • #4,119
  • May 27, 2018 7:12am May 27, 2018 7:12am
Quoting mrdfx
Well I must say that this has been a good week! The account managed to recover some loss and overall made 20% this week. I must say that the D1 chart did really well this week and contributed to most of the gains. {image}
"Live your dreams face your fears".
We must be the latter (a nightmare we know ).

There is of course some profit using the EA but trading for more than 2 months and ending up with the same bit of profit as two months ago does not put food on the table.
It just ties up you available trade funds and only lines the pockets of your broker.

I can remember the same behavior of the two previous test account which went up and after a certain period went down to end up on zero or below.
So perhaps it is time to rethink the "Entry same direction" and "Entry on same pair" strategy and redesign it because it seriously start looking like there is a problem or at least a pattern with it.
Multiple account months after each other going up for some time and then down just can not be "market circumstances".

I expect that your "friends manual recovery account" does great and think it is time for an indepth look at the automated strategy (by you).
Either do that or start teaching followers the manual way.

The Hybrid Grid works a lot better (sorry it's on your TE's).
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I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,120
  • May 28, 2018 12:59pm May 28, 2018 12:59pm
Quoting FxMadness
{quote} "Live your dreams face your fears". We must be the latter (a nightmare we know ). There is of course some profit using the EA but trading for more than 2 months and ending up with the same bit of profit as two months ago does not put food on the table. It just ties up you available trade funds and only lines the pockets of your broker. I can remember the same behavior of the two previous test account which went up and after a certain period went down to end up on zero or below. So perhaps it is time to rethink the "Entry same...
What do you mean and suggest with the "Entry same direction" and "Entry on same pair" ?

My friends account that I was recovering I handed back months ago after getting it back to 0% loss. That was just to help the guy get his account back above water.

IMO the manual way will always have an edge over the EA, as with all manual trading we have human intuition, and interaction to make decisions which an EA can never have unfortunately, but that is not to say that the EA can't be profitable long term with further development and cooperation between the members.

I'm still busy with the SR comparison test, and strangely enough both are pretty much the same so far with a little over 1 week left to go.

Fibo Pivots being used as SR filter is working well so far, if only there was a way to incorporate it into the EA..

As for the Hybrid EA, that is a joint test of another EA (completely different strategy and logic) developed by Magix, and so far its doing very well.
Truth is like poetry. And most people f*cking hate poetry.
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