Simple Daily Trend Reversal Trading System | Page 221 | 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

  • #4,401
  • Oct 18, 2018 12:14am Oct 18, 2018 12:14am
Not too sure if this is expected but, there is a valid signal but no trade is opened.
Any idea?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
Attached Image
  • #4,402
  • Oct 18, 2018 2:22am Oct 18, 2018 2:22am
Hello, I'm new to this topic and method,I just started reading and following,I am not using the EA,just on 4H time-frame manually.I am very thankful to mrdfx for his trading system and contribution.
  • #4,403
  • Oct 18, 2018 9:41am Oct 18, 2018 9:41am
Hello guys its been a while.

Testing of the updated EA version has been going ok, and the EA is making profit.

With the last few weeks of strong trends some trades have lost, and as we know this strategy does not do well in strong trends as it is based on trend reversals.

I am waiting for the EA to hit 100 trades so that I can have a good idea of its profitability long term.

However I have attached the EA so you guys can give it a test and see what results you get.

Please post and share your results!

EDIT: New functions that have been added is the use of pivots as S/R levels which you can select. Also the use of ADR TP & SL has been added as an option.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-10-18 at 11.37.22.png Size: 146 KB
Attached File(s)
File Type: ex4 Simple Daily Trend Reversal Pivots.ex4   228 KB | 1,781 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #4,404
  • Oct 18, 2018 9:44am Oct 18, 2018 9:44am
Quoting Mingteikg
Not too sure if this is expected but, there is a valid signal but no trade is opened. Any idea? {image} {image}
Mingteikg if there is a signal on the same pair and same direction as the previous signal the EA will not open another order.

If you want to allow signals of the same pair in same direction you need to allow reentries and set how long between reentries.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-10-18 at 11.43.35.png Size: 11 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #4,405
  • Oct 19, 2018 1:40am Oct 19, 2018 1:40am
Quoting mrdfx
Hello guys its been a while. Testing of the updated EA version has been going ok, and the EA is making profit. With the last few weeks of strong trends some trades have lost, and as we know this strategy does not do well in strong trends as it is based on trend reversals. I am waiting for the EA to hit 100 trades so that I can have a good idea of its profitability long term. However I have attached the EA so you guys can give it a test and see what results you get. Please post and share your results! EDIT: New functions that have...

I do not understand why a signal for sell USDCHF? Signal Timefrime in settings: 4 Hours
Attached Image (click to enlarge)
Click to Enlarge Name: 123.jpg Size: 202 KB
  • #4,406
  • Oct 19, 2018 10:23am Oct 19, 2018 10:23am
Quoting xSev
{quote} I do not understand why a signal for sell USDCHF? Signal Timefrime in settings: 4 Hours {image}
It would be very difficult for me to answer as I do not know your settings.

Depending on your settings each can have very different results.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,408
  • Oct 22, 2018 12:11pm Oct 22, 2018 12:11pm
Hello boss,

How is the EA performing? Can you share some results?

May I ask what are your settings? I would like to help with forward testing.

Kind Regards,
Jimm
Building a Freedom All Time Return: 5,178.8%
  • #4,409
  • Oct 22, 2018 1:19pm Oct 22, 2018 1:19pm
Hi mrdfx,
Could you Please share post how to setting for EA will works best result. Its 'll be good .
  • #4,410
  • Oct 23, 2018 10:34am Oct 23, 2018 10:34am
Ok here is the set file of how I am using the EA on H4.

You can see current results below. After 100 trades we will get a good sense of how successful this new version is.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-10-23 at 12.32.38.png Size: 45 KB
Attached File(s)
File Type: zip SDTR PIVOTS H4.set.zip   1 KB | 1,398 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #4,411
  • Oct 23, 2018 11:43am Oct 23, 2018 11:43am
Quoting mrdfx
Ok here is the set file of how I am using the EA on H4. You can see current results below. After 100 trades we will get a good sense of how successful this new version is. {file} {image}
Bro, have you try this set on Dayli?
  • #4,412
  • Oct 24, 2018 2:47am Oct 24, 2018 2:47am
Quoting mrdfx
Ok here is the set file of how I am using the EA on H4. You can see current results below. After 100 trades we will get a good sense of how successful this new version is. {file} {image}
Hi MRDFX, nice to see you're back in the game with this lovely EA.

I have a suggestion. Get the current EA's programming done to a single-chart single-currency version solely for backtest purposes and backtest it on different pairs. It will allow you to find out better and worse settings and determine if the EA is a long term winner.

I will collaborate on the forward testing best of luck!
  • #4,413
  • Oct 24, 2018 10:55am Oct 24, 2018 10:55am
Quoting ordosgoitia
{quote} Bro, have you try this set on Dayli?
I have tested on H4 and D1 and they also work well, but with fewer trades.

With the update I am trading more on H1 to get earlier entries.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,414
  • Oct 24, 2018 10:57am Oct 24, 2018 10:57am
Quoting Lolaso
{quote} Hi MRDFX, nice to see you're back in the game with this lovely EA. I have a suggestion. Get the current EA's programming done to a single-chart single-currency version solely for backtest purposes and backtest it on different pairs. It will allow you to find out better and worse settings and determine if the EA is a long term winner. I will collaborate on the forward testing best of luck!
You can back test the current version by editing the trade pairs in the settings, so for example if you want to test EURUSD then remove all pairs in the trade list except for EURUSD.
Truth is like poetry. And most people f*cking hate poetry.
  • #4,415
  • Oct 25, 2018 6:36am Oct 25, 2018 6:36am
Quoting mrdfx
{quote} You can back test the current version by editing the trade pairs in the settings, so for example if you want to test EURUSD then remove all pairs in the trade list except for EURUSD.
Thank you, I didn't know this
  • #4,416
  • Oct 25, 2018 7:00am Oct 25, 2018 7:00am
Hi Guys))
Have you ever tried modified Parabolic indicator? You know that reversal systems sometimes give your lots of false signal. I have tried classical parabolic, ma parabolic and bbands - but this indicators have little help. Have you tried Skynet Parabolic? I am testing it right now, but I know now how to find good parameters for this indicator.
  • #4,417
  • Nov 1, 2018 6:22am Nov 1, 2018 6:22am
Hi mrdfx,

Thank you for sharing your knowledge and experience not only in this thread but also in many others.

Weekly pivots are high probability setups in compare to many others.

Would you kindly or the coder consider to look into to add a "pinbar" functionality option into this EA ?

There is already @ebeckers pinbartrader EA available. But pinbar EA in combination with pivot would be
a higher probability setup. I don't know how difficult it is to integrate.

I've looked into many charts and I see the candles at certain S/R pivot levels, the ones with pinbar or engulfing
are more reliable.
  • #4,418
  • Nov 3, 2018 1:48am Nov 3, 2018 1:48am
Hi everyone.
could you please explain about Turbo JSRX indicator?
what is the formulation?
thank you
  • #4,419
  • Nov 12, 2018 7:57pm Nov 12, 2018 7:57pm
@mrdfx I am new to this thread. What time frame I should attach this EA? Do I have to attach it to all currency pairs' charts?
  • #4,420
  • Nov 13, 2018 7:59am Nov 13, 2018 7:59am
Quoting kobra101
Hi mrdfx, Thank you for sharing your knowledge and experience not only in this thread but also in many others. Weekly pivots are high probability setups in compare to many others. Would you kindly or the coder consider to look into to add a "pinbar" functionality option into this EA ? There is already @ebeckers pinbartrader EA available. But pinbar EA in combination with pivot would be a higher probability setup. I don't know how difficult it is to integrate. I've looked into many charts and I see the candles at certain S/R pivot levels, the ones...
Hi kobra101 trading pin bars is an interesting idea.

I know ebeckers did create an EA trading pin bars using his S&R indicator and it worked quite well so perhaps using weekly pivots we can also get a good result.

I'll look into it.
Truth is like poetry. And most people f*cking hate poetry.
1 trader viewing now