Reversal with a trend strategy (74% win rate) | Forex Factory

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Attachments: Reversal with a trend strategy (74% win rate)
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Reversal with a trend strategy (74% win rate)

  • #1
  • First Post: Edited Oct 6, 2020 11:50am Oct 3, 2020 6:14am | Edited Oct 6, 2020 11:50am
Moderator: Please remove the thread. The indicator no longer works.
  • #2
  • Oct 3, 2020 6:28am Oct 3, 2020 6:28am
Thank you for the strategy. Please, are you trading any currency with it?
  • #3
  • Oct 3, 2020 6:31am Oct 3, 2020 6:31am
Quoting sakultrader
Thank you for the strategy. Please, are you trading any currency with it?
You are welcome. Yes, it works with any currency pair and I trade with minors and majors. Eur pairs work the best, but any pair works just fine.
  • #4
  • Oct 3, 2020 7:49am Oct 3, 2020 7:49am
Seems like trading volume indicator doesnt work for me.
  • #5
  • Oct 3, 2020 7:56am Oct 3, 2020 7:56am
Nice affiliate link
  • #6
  • Oct 3, 2020 7:59am Oct 3, 2020 7:59am
Quoting sakultrader
Seems like trading volume indicator doesnt work for me.
It works fine for me, I just tested it. You don't really need it with the strategy. It just there to show you the power of the engulfing trend.
  • #7
  • Oct 3, 2020 8:17am Oct 3, 2020 8:17am
Quoting gian97
Nice affiliate link
  • #8
  • Oct 3, 2020 9:13am Oct 3, 2020 9:13am
Quoting Affltr
Hi, I have been trading for about 5 years now, but not professionally, not regularly. Actually, I have lost in Forex (around $500), but I never quit. I was looking for a strategy that could give me a good winning rate, but couldn't find any. Finally, I decided to make my own strategy. First I thought about the Engulfing pattern that it's a pretty good start, but I needed confirmation and I need to know when to end the trade. So I added no repainting center of gravity to it. You can trade with any time frame, but I scalp with 5 minutes time frame....
any EA for this strategy? and if we used this strategy above 5 minutes time frame, example 1 hour, does it mean it will give us more pips than 5 minutes??
  • #9
  • Oct 3, 2020 9:44am Oct 3, 2020 9:44am
Quoting Affltr
Hi, I have been trading for about 5 years now, but not professionally, not regularly. Actually, I have lost in Forex (around $500), but I never quit. I was looking for a strategy that could give me a good winning rate, but couldn't find any. Finally, I decided to make my own strategy. First I thought about the Engulfing pattern that it's a pretty good start, but I needed confirmation and I need to know when to end the trade. So I added no repainting center of gravity to it. You can trade with any time frame, but I scalp with 5 minutes time frame.[/highlight]...
You have backtested, only that? Or you have forward tested? How long time? How about the result?
  • #10
  • Oct 3, 2020 9:58am Oct 3, 2020 9:58am
Quoting anilamil
{quote} any EA for this strategy? and if we used this strategy above 5 minutes time frame, example 1 hour, does it mean it will give us more pips than 5 minutes??
No Ea at least from my part. You can ask if someone can make it. I think there was some thread where somebody makes Ea's for free. Definitely, you get more pips with a 1-hour time frame, but also you need to wait for more to get the signal.
  • #11
  • Oct 3, 2020 9:59am Oct 3, 2020 9:59am
Quoting Toppi
{quote} You have backtested, only that? Or you have forward tested? How long time? How about the result?
Only backtested so far. I will forward test when the market opens on Monday.
  • #12
  • Oct 3, 2020 10:48am Oct 3, 2020 10:48am
As far as I know the Center of gravity indicator; it repaints itself especially in low timeframes
What do you see from your experience?
  • #13
  • Edited 6:22pm Oct 3, 2020 10:52am | Edited 6:22pm
Quoting maptoprofit
As far as I know the Center of gravity indicator; it repaints itself especially in low timeframes What do you see from your experience?
I had non repaint center of gravity here at first but seems like the admin stopped it and it doesn't work for me anymore, so no I needed to switch to a repainted center of gravity. Yes, it repaints, but it doesn't matter in this strategy as you only look where the price already was and point your trade to that point (exit point). There wasn't a very big difference between the non-repaint center of gravity and the repaint center of gravity.

Edit:

I have non repaint Center of gravity now, so now repainting problems.
  • #14
  • Edited 11:23am Oct 3, 2020 11:09am | Edited 11:23am
Quoting Affltr
Hi, I have been trading for about 5 years now, but not professionally, not regularly. Actually, I have lost in Forex (around $500), but I never quit. I was looking for a strategy that could give me a good winning rate, but couldn't find any. Finally, I decided to make my own strategy. First I thought about the Engulfing pattern that it's a pretty good start, but I needed confirmation and I need to know when to end the trade. So I added the center of gravity to it. You can trade with any time frame, but I scalp with 5 minutes time frame. I backtested...

Brother does " trading volume " indicator really work and gives accurate info ???? and how to exactaly read it can you enlight me with the new findings or inputs suggestions if any please
  • #15
  • Oct 3, 2020 12:28pm Oct 3, 2020 12:28pm
Quoting HumbleLearne
{quote} Brother does " trading volume " indicator really work and gives accurate info ???? and how to exactaly read it can you enlight me with the new findings or inputs suggestions if any please
I might actually remove it as it just confuses . (Added information to the first post). I don't really use it for the purpose of the trade. It's only to give you information about trend power. If it's over 40% to your way, then it's ok. Below that the trend is very weak.
  • #16
  • Oct 3, 2020 12:37pm Oct 3, 2020 12:37pm
Quoting Affltr
backtested
Quoting Affltr
74% winning rate
Quoting Affltr
Center of gravity indicator; it repaints
You BACKtested REPAINTing indicator? Is it a joke or do you harm new forex traders intentionally?
Just an opinion. Based on research
  • #17
  • Oct 3, 2020 12:47pm Oct 3, 2020 12:47pm
Quoting Affltr
{quote} I might actually remove it as it just confuses . (Added information to the first post). I don't really use it for the purpose of the trade. It's only to give you information about trend power. If it's over 40% to your way, then it's ok. Below that the trend is very weak.
Ok cool thank you for your feedback always be blessed prosprous and happy
  • #18
  • Edited 6:23pm Oct 3, 2020 12:47pm | Edited 6:23pm
Quoting since80808
{quote} {quote} {quote} You BACKtested REPAINTing indicator? Is it a joke or do you harm new forex traders intentionally?
I didn't backtest with this center of gravity repaint version. I backtested with the non-repaint version.
  • #19
  • Oct 3, 2020 7:51pm Oct 3, 2020 7:51pm
Affltr, hi can you send more pictures with correct trades with your strategy? I Will code and post here.

Thank you.
  • #20
  • Oct 4, 2020 7:21pm Oct 4, 2020 7:21pm
Quoting Edukiriko
Affltr, hi can you send more pictures with correct trades with your strategy? I Will code and post here. Thank you.
Sure, I can post trades soon as I get them.
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