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Simple Daily Trend Reversal Trading System

  • #4,221
  • Aug 8, 2018 3:29pm Aug 8, 2018 3:29pm
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...
Ohhh, some good news again!
Building a Freedom All Time Return: 5,178.8%
  • #4,222
  • Aug 9, 2018 3:53am Aug 9, 2018 3:53am
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...
Excellent news Mrdfx. I feared you were going to abandon such an already great EA. Can't wait to try the changes and support you.
  • #4,223
  • Aug 9, 2018 9:46am Aug 9, 2018 9:46am
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another day another TE update, plus 3% today! up 10% from the start!
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my win rate right now is 70%, so according to my money management plan
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I will close my trades when they reach a Reward to Risk ratio of 0,5-0,55 (which is the result of BE value in the calc sheet column 0,40-0,45 plus 10-20%). Note my TP is always correlated to my win-loss ratio so it's never fixed but always changing according to how different phases of market change my win-loss ratio.
Green pips to all and do your math!
  • #4,224
  • Aug 9, 2018 9:56am Aug 9, 2018 9:56am

***Post #1 has been updated!***


I've uploaded the indicators, and new template.


Happy trading!

Truth is like poetry. And most people f*cking hate poetry.
  • #4,225
  • Aug 9, 2018 10:47am Aug 9, 2018 10:47am
Quoting mrdfx
***Post #1 has been updated!*** I've uploaded the indicators, and new template. Happy trading!
Great sharing, mrdfx! Thank you.
If I may ask: Does this newly updated strategy also include exit plan? I mean you have the open buy and sell rules, but I haven't seen any close trades rules.
If you could kindly share it too?

Thanks again. Two thumbs up!!
  • #4,226
  • Aug 9, 2018 11:56am Aug 9, 2018 11:56am
Quoting JmYm
{quote} Great sharing, mrdfx! Thank you. If I may ask: Does this newly updated strategy also include exit plan? I mean you have the open buy and sell rules, but I haven't seen any close trades rules. If you could kindly share it too? Thanks again. Two thumbs up!!
JmYm this question has been covered and explained multiple times in the thread already.

Also if you take 2 mins to read the first post you will answer part of your question.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,227
  • Aug 9, 2018 12:56pm Aug 9, 2018 12:56pm
@ mrdfx =

Thanks for ur Time + sharin m8
da n0o0b + $hit_Disturber
  • #4,228
  • Aug 9, 2018 8:39pm Aug 9, 2018 8:39pm
Great sharing, mrdfx! Thank you.
  • #4,229
  • Aug 10, 2018 4:56am Aug 10, 2018 4:56am
Quoting mrdfx
***Post #1 has been updated!*** I've uploaded the indicators, and new template. Happy trading!
Thanks for the update!

Note that the Davits Pivot 3.2 Auto indicator is dependent on the "TimeZoneOfData" setting that we have to manually change according to our timezone (can be verified here, on W mode).

I too was using Davits Pivot 3.2 Auto but have recently found a better one (that was uploaded by Davit here) that automatically checks timezone, has alerts, is customizable and allows for historical pivot drawing to see and manually backtest previous weeks. It also shows the pivot price below each line. I'll attach it here for you to try and consider using it on your template.

Cheers
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 Pivot_Voty(2).mq4   36 KB | 757 downloads
  • #4,230
  • Aug 10, 2018 6:06am Aug 10, 2018 6:06am
Hello! Do you recommend the Weekly or Monthly pivot?
  • #4,231
  • Aug 10, 2018 7:50am Aug 10, 2018 7:50am
Quoting mitzescu
Hello! Do you recommend the Weekly or Monthly pivot?
-------7

---dont B fukkin Lazy = all silly q'ns answered in post 1
da n0o0b + $hit_Disturber
  • #4,232
  • Aug 10, 2018 7:52am Aug 10, 2018 7:52am
mrdfx = amazing m8 ------- soon will change to ECN acct.
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da n0o0b + $hit_Disturber
  • #4,233
  • Aug 10, 2018 8:34am Aug 10, 2018 8:34am
Quoting pipsy7
{quote} -------7 ---dont B fukkin Lazy = all silly q'ns answered in post 1
I've been watching this thread for quite some time. I reread the 1st post and says nothing about weekly or monthly pivot.
  • #4,234
  • Edited 9:20am Aug 10, 2018 8:57am | Edited 9:20am
---Forgive me for callin U = fukkin Lazy , m8

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.

post#4210
da n0o0b + $hit_Disturber
  • #4,235
  • Aug 10, 2018 9:28am Aug 10, 2018 9:28am
Quoting pipsy7
---Forgive me for callin U = fukkin Lazy , m8 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. post#4210
Thanks man! Now i remember reading that post, but for some reason i forgot.

Good luck with your ECN account!
  • #4,236
  • Aug 10, 2018 10:08am Aug 10, 2018 10:08am
Quoting Lolaso
{quote} Thanks for the update! Note that the Davits Pivot 3.2 Auto indicator is dependent on the "TimeZoneOfData" setting that we have to manually change according to our timezone (can be verified here, on W mode). I too was using Davits Pivot 3.2 Auto but have recently found a better one (that was uploaded by Davit here) that automatically checks timezone, has alerts, is customizable...
Hi Lolaso yes I have seen Voty's pivot and I'm sure it works just as well.

I have been using the Davit' pivot for quite a while now and I guess I'm just used to it lol..

If others prefer using Voty's version that's fine.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,237
  • Aug 10, 2018 10:09am Aug 10, 2018 10:09am
Quoting pipsy7
mrdfx = amazing m8 ------- soon will change to ECN acct. {image}

Over +100 pips on that move, well done pipsy7!
Truth is like poetry. And most people f*cking hate poetry.
  • #4,238
  • Aug 10, 2018 2:24pm Aug 10, 2018 2:24pm
Hello All.
I m new to this strategy. May i know if it is a valid entry
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  • #4,239
  • Aug 10, 2018 2:56pm Aug 10, 2018 2:56pm
Quoting jeidk11b
Hello All. I m new to this strategy. May i know if it is a valid entry {image}
You don't seem to have your chart set up correctly, did you use the template provided?

Firstly you have way to many arrows, make sure its period is set to 40. Next the Turbo JRSX does not match, make sure the length is set to 7.

Please use the template on post #1 so there won't be any confusion.

Also this week has been a very big trending week for GBP pairs and typically I'm cautious to enter any pairs that has overshot the S/R100, 138 level. Also being a Friday I would not trade it.
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Truth is like poetry. And most people f*cking hate poetry.
  • #4,240
  • Aug 10, 2018 3:45pm Aug 10, 2018 3:45pm
Quoting mrdfx
{quote} You don't seem to have your chart set up correctly, did you use the template provided? Firstly you have way to many arrows, make sure its period is set to 40. Next the Turbo JRSX does not match, make sure the length is set to 7. Please use the template on post #1 so there won't be any confusion. Also this week has been a very big trending week for GBP pairs and typically I'm cautious to enter any pairs that has overshot the S/R100, 138 level. Also being a Friday I would not trade it. {image}
Many thanks for the valuable info.
The template provided doesn't contain Zigzag arrow & Davits pivot. After adding manually i have these options for zigzag arrow. Can you please tell me which one to set as period 40.
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