Simple Daily Trend Reversal Trading System | Page 208 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 182 replies

Day Trading system - Simple system to make money 51 replies

Vince's Simple REVERSAL Strategy on Daily Chart... 8 replies

Simple, Profitable BB Reversal System: 25 replies

Simple Daily Trend System 14 replies

Attachments: Simple Daily Trend Reversal Trading System
Exit Attachments

Simple Daily Trend Reversal Trading System

  • #4,141
  • May 31, 2018 9:05am May 31, 2018 9:05am
Quoting FxMadness
{quote} Told you so, better analysis needed from your side (rubbing salt into....). But i don't know on which planet you are trading but since the introduction of strength and ADR trailing (your suggestion) the system performs nicely. This is the last week (after stabilizing the params). {image}{image} ADR trailing and locking. One trade locked at ~BE the other ~21 pips. Did you even tried it ? {image}
I'm not sure which planet either..

Haven't tried it yet as I still need to free up a spot on my VPS like I said before. I'll do some rearranging and try get a new account going.

Do you have an updated version since the last one you shared?
Truth is like poetry. And most people f*cking hate poetry.
  • #4,142
  • May 31, 2018 9:07am May 31, 2018 9:07am
Quoting zorndyke
{quote} do you have a plan to use dashboard+pin to replace sdtrEA ?
That is still under testing.

So far the SDTR PIN with the Pivots PIN is working well, and it seems that the use of Pivots has worked well as a S&R filter.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,143
  • May 31, 2018 12:01pm May 31, 2018 12:01pm
Quoting Carlos1
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...
For around 3 weeks now I have been using the daily EA with Stefdek/majamivice settings.

As previously mentioned, I'm a part time inexperienced trader but wanting to learn/contribute and hopefully prosper eventually as end goal. I have been happy with the results since 8th May 1000+ pips, but think there is still improvements that can be made and is why I hope this thread continues.

FXMadness has kindly shared an EA & set files which I have now switched to in the hope of improving results further and will report back in a month or so time. It's great that experienced traders are helping/contributing with their work which greatly benefits us all especially when your on a steep learning curve like myself!

Cheers & BR,
Carlos
Attached Image (click to enlarge)
Click to Enlarge Name: SDTR TradeRepot 310518.JPG Size: 66 KB
"All good things to those who wait"
  • #4,144
  • May 31, 2018 3:05pm May 31, 2018 3:05pm
Guys, hope I'm not bringing more confussion... But did someone tried to change a little bit the approach? Instead of counter trend following it on pullbacks?

I'm just backtesting it and for me looks really well...
Building a Freedom All Time Return: 5,178.8%
  • #4,145
  • May 31, 2018 6:52pm May 31, 2018 6:52pm
Quoting J1mm
Guys, hope I'm not bringing more confussion... But did someone tried to change a little bit the approach? Instead of counter trend following it on pullbacks? I'm just backtesting it and for me looks really well...
Please kindly share what you test. Thanks.
  • #4,146
  • May 31, 2018 10:59pm May 31, 2018 10:59pm
May I suggest like this (this idea originally from sRs Trend Rider v1.0)

1. Determine your take profit half way from your stop loss. That means that if you found that the stop should be placed after 40 pips from the entry price, you set the take profits to half of it, namely 20 pips.

2. Once you achieved the first profit target of 20 pips to take profits, close 80% of the trade and leave 20% open. For example, if you opened a trade of 1 lot, close 0.8 lots by partially close.
  • #4,147
  • May 31, 2018 11:32pm May 31, 2018 11:32pm
Quoting okawa
May I suggest like this (this idea originally from sRs Trend Rider v1.0) 1. Determine your take profit half way from your stop loss. That means that if you found that the stop should be placed after 40 pips from the entry price, you set the take profits to half of it, namely 20 pips. 2. Once you achieved the first profit target of 20 pips to take profits, close 80% of the trade and leave 20% open. For example, if you opened a trade of 1 lot, close 0.8 lots by partially close.
Stop loss and Trailing Stops (in term of pips) are vary for each currency. For example, you could see hundreds of pips movement per day for mostly GBP pairs, while only less than 100 pips in USD pairs.
Using constant pips (like 20 pips and so on) as SL and/or TS for all currencies, would be an unwise generalization (I think).
I tend to agree with FxMadness by using %ADR for SL and TS.
(This only my two cents tho ).
  • #4,148
  • May 31, 2018 11:35pm May 31, 2018 11:35pm
Quoting mrdfx
{quote} That is still under testing. So far the SDTR PIN with the Pivots PIN is working well, and it seems that the use of Pivots has worked well as a S&R filter.
Looking forward to your next updates. Keep up the good work. Cheers!!
  • #4,149
  • Jun 1, 2018 6:09am Jun 1, 2018 6:09am
Quoting SiNnY
Hello, I am relatively new to trading, and used for a little BinaryOptions. Can someone please help me set a template for 5 Min timeframe with this EA ? Thank you!
Sinny, check this video...hope it helps
https://www.google.co.uk/search?q=mt...TF-8#kpvalbx=1
  • #4,150
  • Jun 4, 2018 3:35am Jun 4, 2018 3:35am
Quoting gogosgh
{quote} Sinny, check this video...hope it helps https://www.google.co.uk/search?q=mt...TF-8#kpvalbx=1
Thank you gogosgh,

my problem is with setting the EA's variables so that signals are valid for 5min timeframe...a preset like M5.set optimized for 5min chart trading...for exemple the SR supports only 1H, 4H and daily...

Thank you!
  • #4,151
  • Jun 4, 2018 4:33am Jun 4, 2018 4:33am
Quoting SiNnY
{quote} Thank you gogosgh, my problem is with setting the EA's variables so that signals are valid for 5min timeframe...a preset like M5.set optimized for 5min chart trading...for exemple the SR supports only 1H, 4H and daily... Thank you!
This strategy is focused on H4 and D1 frames. M5 would probably not work.... good luck
  • #4,152
  • Jun 4, 2018 8:06am Jun 4, 2018 8:06am
Quoting johnsmith2nd
{quote} This strategy is focused on H4 and D1 frames. M5 would probably not work.... good luck
Wise words !
  • #4,153
  • Jun 5, 2018 4:10am Jun 5, 2018 4:10am
So far no open trades. Hoping for some action this afternoon.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB
  • #4,154
  • Jun 5, 2018 8:28am Jun 5, 2018 8:28am
Quoting SiNnY
{quote} Thank you gogosgh, my problem is with setting the EA's variables so that signals are valid for 5min timeframe...a preset like M5.set optimized for 5min chart trading...for exemple the SR supports only 1H, 4H and daily... Thank you!
I would not suggest trading on M5 chart. Please read the first post.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,155
  • Jun 5, 2018 8:30am Jun 5, 2018 8:30am
Quoting johnsmith2nd
So far no open trades. Hoping for some action this afternoon. {image}
Hasn't been much action the last few days actually.

This can happen, if there's no pairs matching the strategy requirements there wont be any trade.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,156
  • Jun 6, 2018 1:32am Jun 6, 2018 1:32am
Hello, I have a request to make. This has been a very solid EA and if you can learn to trade manually with this it definitely helps a lot. However, when trading manually you cannot make use of the brilliant hidden stop loss and take profit feature of the EA. Is there a way we can utilize that feature manually with the trade we are taking based on this strategy.
Thanks.
  • #4,157
  • Jun 6, 2018 2:13am Jun 6, 2018 2:13am
Quoting abhi254
Hello, I have a request to make. This has been a very solid EA and if you can learn to trade manually with this it definitely helps a lot. However, when trading manually you cannot make use of the brilliant hidden stop loss and take profit feature of the EA. Is there a way we can utilize that feature manually with the trade we are taking based on this strategy. Thanks.
Run the EA with magic number 0 for buy and sell.
I can calculate the movement of stars, but not the madness of men. Isaac N.
  • #4,158
  • Jun 6, 2018 7:07am Jun 6, 2018 7:07am
Quoting FxMadness
{quote} Run the EA with magic number 0 for buy and sell.
Thank you. I am going to try this and see if it works.
  • #4,159
  • Jun 6, 2018 7:58am Jun 6, 2018 7:58am
Wow guys that's a lot! Happy 1M views guys!

And if only those that came by, and downloaded would have participated we could be on an even bigger level.

Well to those that passed by I hope that you enjoyed this strategy and continue to do so!
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-06-06 at 09.55.54.png Size: 92 KB
Attached Image
Truth is like poetry. And most people f*cking hate poetry.
  • #4,160
  • Jun 6, 2018 8:29am Jun 6, 2018 8:29am
Quoting mrdfx
Wow guys that's a lot! Happy 1M views guys! And if only those that came by, and downloaded would have participated we could be on an even bigger level. Well to those that passed by I hope that you enjoyed this strategy and continue to do so! {image} {image}
-------7

- - - Congrats m8
da n0o0b + $hit_Disturber
0 traders viewing now