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Simple Daily Trend Reversal Trading System

  • #4,201
  • Jul 31, 2018 4:02pm Jul 31, 2018 4:02pm
Quoting a4ex
Dear mrdfx, Thank you very much SDTR EA. This is very good. I use H4 charts. I LIKE more filter in EA: 1., Use Williams' Percent Range (14) filter? true/false If true: WPR under - 50 = SHORT; WPR above -50 = LONG 2., Use Signal Bars filter? true/false If true: H4 - MACD, STR, EMA 3 Lime = LONG; H4 - MACD, STR, EMA 3 Red = SHORT The Trendsignal version 2 indicator very fantastic agree SDTR Signal but Stop small and good will trade close. 3., Use Trendsignal filter? true/false If true: StopLoss is Trendsignal (no virtual) Risk: amount percent % TakeProfit...
And how is this working for you?

It looks like you are complicating the strategy and it is not so simple anymore...
Truth is like poetry. And most people f*cking hate poetry.
  • #4,202
  • Jul 31, 2018 4:04pm Jul 31, 2018 4:04pm
Quoting Pot2018
Good day I manage to install the zig zag arrow, support and resistance,mbfx timing and trend line indicators,but cannot install the simple reveral EA,What am I doing wrong??
The EA needs to be installed to the experts folder on your MQL4 folder.

If you don't understand this then I suggest starting at babypips.com before attempting to use this EA.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,203
  • Aug 1, 2018 12:47am Aug 1, 2018 12:47am
Quoting mrdfx
{quote} Do you have Allow DLL imports checked? Did you check first post? https://www.forexfactory.com/showthr...5#post10764025
Attached Image (click to enlarge)
Click to Enlarge Name: sdtr.PNG Size: 38 KB

yes mrdfx I checked everything but still no trades even if EA gave 2 buy signals.
  • #4,204
  • Aug 1, 2018 8:41am Aug 1, 2018 8:41am
Quoting Rainy88
{quote} {image} yes mrdfx I checked everything but still no trades even if EA gave 2 buy signals.
Do you have allow trading set to true in the EA input settings?
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-08-01 at 10.40.44.png Size: 12 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #4,205
  • Aug 1, 2018 9:57am Aug 1, 2018 9:57am
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}
Afternoon from uk just been reading through alot of your posts and trying to catch up on what is the latest version, really looking for a trend filter this EA can it be used Manually , i'm quite new to forex ,if possible could you send the latest files because so many going about.

regards

paddy
  • #4,206
  • Aug 3, 2018 1:27pm Aug 3, 2018 1:27pm
Good Day all,
I have read with interest the many posts on the development of the SDTR system an am very impressed, first form the developer mrdfx congrats,and on the continued work by fxmadness, and the others who are not content until "we get it right" I've just started to test the system and find that no matter where the "allow ReEntries on same pair" setting is true or false I tend to get multiple pair openings. Close it and it re opens. I,m not sure what to do about it and I haven,t seen it in the thread.
am using v1.25 it happens on an older version as well 4h and D1 time frame.
Any help is appreciated.
Thanks,Harold
  • #4,207
  • Aug 4, 2018 12:13am Aug 4, 2018 12:13am
Quoting pandora53
{image}
Can you share setfile pls?
  • #4,208
  • Aug 6, 2018 5:00am Aug 6, 2018 5:00am
Attached Image (click to enlarge)
Click to Enlarge Name: sdtr.PNG Size: 37 KB

System is workin great, only thing missing I think is that EA should be able to set last swing as stop loss instead of a fixed amount of pips, in this case position sizing would be much more intelligent and it could have a % trailing profit function.
  • #4,209
  • Aug 6, 2018 8:05am Aug 6, 2018 8:05am
Quoting Rainy88
{image} System is workin great, only thing missing I think is that EA should be able to set last swing as stop loss instead of a fixed amount of pips, in this case position sizing would be much more intelligent and it could have a % trailing profit function.
Rainy88 to answer your own suggestion I strongly suggest you download the PDF on post #1 and read this thread again.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-08-06 at 10.04.12.png Size: 8 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #4,210
  • Aug 6, 2018 8:24am Aug 6, 2018 8:24am
Hey guys so a bit of good news for ya.

Through all the testing, and collaborations that we had on the development of the SDTR EA, we managed to outline the strengths, and the weakness's of the EA. After some time, and early successes the EA took a turn, and struggled to remain profitable long term.

Now this presented an opportunity, and a challenge for me as I know that this strategy is profitable when traded manually, and I knew with some more work, and ideas the EA can also be profitable long term.

Many ideas, and suggestions were provided by members here, and I thank you for your input guys. FxMadness really stepped up, and had some great ideas to help make the EA profitable. Thank you FxMadness!

Now as for the original strategy I made some adaptions, and improvements which when trading manually has shown great potential, and I think having these changes made to the EA will improve its probability of long term success.

I've since made the following changes, and updates to the strategy.

1. Using weekly pivots as S&R levels. (Only buy and sell when price hits levels 61, 78, 100, 138, 200).
2. Removed the Trend Line indicator as it was pretty much redundant, and not adding any substantial benefit.
3. Changed from 10SMA to 10EMA for earlier entry confirmation.

With these changes the strategy has taken a big turn in profitability so I'm confident the EA will be the same.

I've asked FxMadness to make the changes the to EA, and to share it here for us to test. Once he uploads it I will put up a new TE, so we can test it together.

I hope you guys will stick around, and join with me as I still believe this strategy is profitable, and can be successful. Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-08-06 at 10.20.31.png Size: 173 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #4,211
  • Aug 7, 2018 5:34am Aug 7, 2018 5:34am
Quoting Rainy88
{image} System is workin great, only thing missing I think is that EA should be able to set last swing as stop loss instead of a fixed amount of pips, in this case position sizing would be much more intelligent and it could have a % trailing profit function.
Rainy88..Nice result..which set are you using?
  • #4,212
  • Aug 7, 2018 5:36am Aug 7, 2018 5:36am
Quoting JamesCaror
{quote} Rainy88..Nice result..which set are you using?
h4, no filters, all major and minor pairs, stop loss at zigzag, RR1:1
  • #4,213
  • Aug 7, 2018 6:14am Aug 7, 2018 6:14am
Quoting Rainy88
{quote} h4, no filters, all major and minor pairs, stop loss at zigzag, RR1:1
Ok Thanks..
  • #4,214
  • Aug 7, 2018 8:02am Aug 7, 2018 8:02am
great news thanks mrdfx. do you have a rough timescale when the updated EA might be released?

thanks, blam

Quoting mrdfx
Hey guys so a bit of good news for ya. Through all the testing, and collaborations that we had on the development of the SDTR EA, we managed to outline the strengths, and the weakness's of the EA. After some time, and early successes the EA took a turn, and struggled to remain profitable long term. Now this presented an opportunity, and a challenge for me as I know that this strategy is profitable when traded manually, and I knew with some more work, and ideas the EA can also be profitable long term. Many ideas, and suggestions were provided...
  • #4,215
  • Aug 7, 2018 8:12am Aug 7, 2018 8:12am
Quoting blamshakk
great news thanks mrdfx. do you have a rough timescale when the updated EA might be released? thanks, blam {quote}
The timescale is dependent on FxMadness as he said he would make the changes when he has some free time.

Patience the market isn't going anywhere.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,216
  • Aug 7, 2018 8:48am Aug 7, 2018 8:48am
Quoting mrdfx
Hey guys so a bit of good news.............
Hi, thanks for your hard work.
Could you please share the newest tpl and indis? especially the pivot indicator, it doesn't look like a conventional one.
Thanks!
  • #4,217
  • Edited 2:44am Aug 8, 2018 2:20am | Edited 2:44am
Attached Image (click to enlarge)
Click to Enlarge Name: tp.PNG Size: 33 KB

When do I take profit? Easy! Just look in the panel at your win/loss rate % and close your position looking at their R:R accordingly. At the end of the game what counts is to be profitable. I have an average 66% win loss ratio at the moment, so I win 2 trades over 3, to be profitable in the long run I just need to close my trades when they are > of 0.51 rr ratio, I aim at 0.6-0.7 reward to risk ratio (60-70$ every win with 100$ loss, so net profit is 20-40$ every 3 trades I make). Just look at your win/loss % and act accordingly. Thanks again to the creators of this system which with the right money management is giving me a profit factor of 2.14
Attached Image (click to enlarge)
Click to Enlarge Name: te.PNG Size: 68 KB

here's the TE so far
  • #4,218
  • Edited 3:03pm Aug 8, 2018 4:28am | Edited 3:03pm
https://we.tl/twSE2t0k3N
Created a Open office calc sheet to calculate the Risk to Reward accordingly to your Win loss ratio, hope you find it useful.
Remember that it shows you the RR ratio to be break even, if you want to be profitable make sure your RR at which you close your trades is a little bit higher (depending on your risk, I generally use a RR ratio +10-20% as my take profit)

Another useful math document I found online
https://www.tradeciety.com/wp-content/uploads/Math.pdf

At this point I ask the developer of the EA to make possible to choose a custom value in the UseRisktoRewardRatio parameter, right now is fixed as 1to1, 2to1, 3to1...It would be great to be able to insert our values as 0.55to1 or 0.43to1 for example.
  • #4,219
  • Aug 8, 2018 2:59pm Aug 8, 2018 2:59pm
Thank you MRDFX for your strategy.

Many pips for everyone.

Regards.
  • #4,220
  • Aug 8, 2018 3:20pm Aug 8, 2018 3:20pm
Quoting sailorvt
{quote} Hi, thanks for your hard work. Could you please share the newest tpl and indis? especially the pivot indicator, it doesn't look like a conventional one. Thanks!
I will update post 1 soon when I get some free time.
Truth is like poetry. And most people f*cking hate poetry.
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