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Simple Daily Trend Reversal Trading System

  • #4,361
  • Aug 29, 2018 9:56am Aug 29, 2018 9:56am
Cheers M8T !!!!
  • #4,362
  • Aug 29, 2018 10:57am Aug 29, 2018 10:57am
Quoting SirPaul
Just a suggestion.. maybe can backtest with a 20 moving average and see if that would help.. its a well known ma for swing traders.. in my humble opinion 10 is a bit tight.. i understand you will be not as early in the move anymore.. but maybe more consistent
When creating this strategy and trading system, I experimented with many variations of MA and found the 15 SMA to be a good trigger filter, however it was also too late sometimes, many times missing out on good entries, so I updated it to 10 EMA, and this has helped to get earlier entries and more pips.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,364
  • Aug 29, 2018 11:24am Aug 29, 2018 11:24am
Quoting matjaz1982
Look at my trading today. {image}
I think you are in the wrong thread. Your chart does not resemble anything close to the strategy.

To avoid confusion only post charts using the indicators and template on post 1.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,365
  • Sep 2, 2018 3:39pm Sep 2, 2018 3:39pm
hey Rainy88 are you able to share the v.125 and settings/template you are using please?

thanks, blam

Quoting Rainy88
{quote} h4, no filters, all major and minor pairs, stop loss at zigzag, RR1:1
  • #4,366
  • Sep 2, 2018 3:48pm Sep 2, 2018 3:48pm
Quoting mrdfx
{quote} I will update post 1 soon when I get some free time.
Hello sir. May i know where can I find the latest version of your strategy ?? Maybe the templates. Thank you
  • #4,367
  • Sep 3, 2018 10:00am Sep 3, 2018 10:00am
Quoting andie04
{quote} Hello sir. May i know where can I find the latest version of your strategy ?? Maybe the templates. Thank you

First post.
  • #4,368
  • Sep 3, 2018 1:09pm Sep 3, 2018 1:09pm
Hi,
I want to say i'm still testing the old system and it is very succesful. With the right settings and one modification to the EA, u can actually enter a a trade with 2-3 SL distance. although i do wait for a H4 candle to close and that can widen the SL to 10-20 pips.
I think it deserves a second shot.
  • #4,369
  • Sep 3, 2018 2:37pm Sep 3, 2018 2:37pm
[quote=mitzescu;11437565]Hi, I want to say i'm still testing the old system and it is very succesful. With the right settings and one modification to the EA, u can actually enter a a trade with 2-3 SL distance. although i do wait for a H4 candle to close and that can widen the SL to 10-20 pips. I think it deserves a second


Did you make a modification to the EA code?
  • #4,370
  • Edited 10:16pm Sep 3, 2018 3:47pm | Edited 10:16pm
i don't code and also don't have the mq4 of the ea. I've only changed the EA settings and the SR filter is at the base of all trades. Among other settings, i;ve changed distance to SR line to 0.

Later edit : I've forgot to add that AUD is getting stronger relative to other the other currencies. That is currency strength meter.
  • #4,371
  • Sep 4, 2018 10:59am Sep 4, 2018 10:59am
Hi guys I've been a bit quiet here and will try catch up.

Last week was again a mixed bag with some wins and losses.

With August finally over and with volume increasing I'm hoping for better trading opportunities.

I'm monitoring some potential set ups, and will post them after confirmation is made.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,372
  • Sep 4, 2018 12:11pm Sep 4, 2018 12:11pm
All right here we go!

I've entered a BUY on EU after it spiked into the S78 zone and retraced to the upside.

I'll be monitoring this trade closely as on H4 the price is approaching the 200 EMA and could pullback off it.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-09-04 at 14.05.59.png Size: 139 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #4,373
  • Sep 4, 2018 12:25pm Sep 4, 2018 12:25pm
Quoting mrdfx
All right here we go! I've entered a BUY on EU after it spiked into the S78 zone and retraced to the upside. I'll be monitoring this trade closely as on H4 the price is approaching the 200 EMA and could pullback off it. {image}
Chart is on H1..
  • #4,374
  • Sep 4, 2018 1:29pm Sep 4, 2018 1:29pm
Buy order opened on CADJPY.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-09-04 at 15.28.40.png Size: 142 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #4,376
  • Sep 4, 2018 5:06pm Sep 4, 2018 5:06pm
Buy order opened on NZDUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-09-04 at 19.04.56.png Size: 170 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #4,377
  • Sep 5, 2018 9:51am Sep 5, 2018 9:51am
Quoting mrdfx
All right here we go! I've entered a BUY on EU after it spiked into the S78 zone and retraced to the upside. I'll be monitoring this trade closely as on H4 the price is approaching the 200 EMA and could pullback off it. {image}
Quoting mrdfx
Buy order opened on NZDUSD. {image}
Closed both orders after this mornings action.

+47 pips for EU, and +32 pips for NU, so a total of +79 pips.

I'm still holding CY, and also a buy order on UC.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,378
  • Sep 5, 2018 12:18pm Sep 5, 2018 12:18pm
Quoting mitzescu
Hi, I want to say i'm still testing the old system and it is very succesful. With the right settings and one modification to the EA, u can actually enter a a trade with 2-3 SL distance. although i do wait for a H4 candle to close and that can widen the SL to 10-20 pips. I think it deserves a second shot.
Hi, what settings are you using if you don't mind sharing/ elaborating,thanks.
  • #4,379
  • Edited 1:42am Sep 6, 2018 1:32am | Edited 1:42am
Quoting mrdfx
{quote} {quote} Closed both orders after this mornings action. +47 pips for EU, and +32 pips for NU, so a total of +79 pips. I'm still holding CY, and also a buy order on UC.

Hello. Small challenges. MY EMA 10 seem to be lagging. I compared with your screen shots. see mine attached.
What coulld be the issue ? I'm using fxopen as brokers.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 271 KB
Click to Enlarge Name: EU.jpg Size: 259 KB
  • #4,380
  • Sep 6, 2018 11:04am Sep 6, 2018 11:04am
Quoting Termite
{quote} Hello. Small challenges. MY EMA 10 seem to be lagging. I compared with your screen shots. see mine attached. What coulld be the issue ? I'm using fxopen as brokers. {image} {image}
What do you mean lagging? I'm using the standard MA on MT4.

Of course there could be some small differences between brokers data feeds. This topics was covered when we had the previous EA and members were getting different signals due to broker differences.
Truth is like poetry. And most people f*cking hate poetry.
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