Let's talk about Stop And Reverse | Forex Factory

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Let's talk about Stop And Reverse

  • #1
  • First Post: Edited 3:54am Mar 3, 2022 2:53am | Edited 3:54am
Dear All,

I open this thread for anyone who is interested in Stop And Reverse trading. I've checked some thread about this, but not continue..
This is popular logic. It could use MAs, Zigzag, Channel, etc
For simplicity, i will use Volty Channel Stop which i've modified a little, just add 2 buffer for StopLoss/Reversing

Indicators :
Attached File(s)
File Type: mq4 VoltyChannel.mq4   19 KB | 598 downloads
Attached File(s)
File Type: mq5 VoltyChannel.mq5   11 KB | 382 downloads


I will continue later with pictures about this approach.
I want everything's clear before share my work. So nobody ask same question repeteadly
Regards
  • #2
  • Mar 3, 2022 3:11am Mar 3, 2022 3:11am
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 26 KB
  • #3
  • Mar 3, 2022 3:18am Mar 3, 2022 3:18am
These are varian 1 to enter market :

Attached Image (click to enlarge)
Click to Enlarge Name: Entry1a.png Size: 24 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Entry1b.png Size: 26 KB
  • #4
  • Mar 3, 2022 3:25am Mar 3, 2022 3:25am
This is varian 2 for Entry, using Pending BuyStop. Vice versa for Short Trade
Attached Image (click to enlarge)
Click to Enlarge Name: Entry2.png Size: 30 KB
  • #5
  • Mar 3, 2022 3:29am Mar 3, 2022 3:29am
This is varian 3 to entry, using Pending Limit Order. Could be Just Long, Short or Both
Attached Image (click to enlarge)
Click to Enlarge Name: Entry3.png Size: 10 KB
  • #6
  • Mar 3, 2022 3:30am Mar 3, 2022 3:30am
Nice topic. Every traders dream!
Here's one:
Attached File(s)
File Type: ex4 FL07_Decompil.ex4   32 KB | 582 downloads
Attached File(s)
File Type: ex4 RSI ma simple+Arrows 1.1.ex4   80 KB | 560 downloads
Open FL07 as chart sub window
Drag and drop RSI onto the FL07 sub window

There is a scaling issue when zooming. This is an up to date EURUSD Chart for reference.

Sell Area: White circles (hand drawn)
Buy Area: Blue circles (hand drawn)

Not my work. The author calls this Cycle identifier. He had a Cycle Identifier Indicator, which looked like a highly smoothed RSI.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 45 KB
  • #7
  • Mar 3, 2022 3:33am Mar 3, 2022 3:33am
This is varian 4 for Initial Entry, Opposite entry from trend
Attached Image (click to enlarge)
Click to Enlarge Name: Entry4.png Size: 6 KB

I'll continue later with very specific details with this approach. There are more. Trailing Up/Down or both. Continue trailing or not, etc
  • #8
  • Mar 3, 2022 3:35am Mar 3, 2022 3:35am
Quoting derekw
Nice topic. Every traders dream! Here's one: {file}{file} Open FL07 as chart sub window Drag and drop RSI onto the FL07 sub window There is a scaling issue when zooming. This is an up to date EURUSD Chart for reference. Sell Area: White circles (hand drawn) Buy Area: Blue circles (hand drawn) Not my work. The author calls this Cycle identifier. He had a Cycle Identifier Indicator, which looked like a highly smoothed RSI. {image}
This could be combined with other logic..
  • #9
  • Mar 3, 2022 3:49am Mar 3, 2022 3:49am
Varian5 >> Buy/Sell OnTrend, without waiting signals :
Attached Image (click to enlarge)
Click to Enlarge Name: Entry5.png Size: 10 KB
  • #10
  • Mar 3, 2022 8:16am Mar 3, 2022 8:16am
here are some another examples

Nasdaq
Attached Image (click to enlarge)
Click to Enlarge Name: NASDAQ.png Size: 13 KB

SP500
Attached Image (click to enlarge)
Click to Enlarge Name: SP500.png Size: 13 KB

Germany40
Attached Image (click to enlarge)
Click to Enlarge Name: GER40.png Size: 10 KB

I choose these instead of FX because Lot Calculation is good
  • #11
  • Mar 3, 2022 7:14pm Mar 3, 2022 7:14pm
I thought it seemed similar to Super trend BUT better!! I'm running an Ea now, I'll let you know!! I already proved it doesn't repaint.

Attached Image (click to enlarge)
Click to Enlarge Name: supVSvc-3-3-2022 8-10-59 PM.png Size: 60 KB
  • #12
  • Edited 3:57am Mar 4, 2022 3:44am | Edited 3:57am
Quoting Traderduke
I thought it seemed similar to Super trend BUT better!! I'm running an Ea now, I'll let you know!! I already proved it doesn't repaint. {image}
Yes, this is similiar with supertrend, LevelSAR, BBStop, BrainTrend, etc..
There are could be used, too..
I choose this Volty just for an example & for simplicity

I'll share all logics i could think of for this indicator...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 37 KB

of course tha anchor will be different depending our trailing direction, UpTrail / DownTrail / BothTrail
  • #13
  • Edited 5:19am Mar 4, 2022 4:34am | Edited 5:19am
Another example. On Daily TF, USDCAD touch last previous High, and attemp to reach Next Prev High
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 34 KB

Then, if we switch to lower TF (H1, M30 or M15) we could OP_SellStop
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30.png Size: 28 KB

It could combined with Harmonic. So we know when to start trail & where. Or other logics

Instead of averaging position, i think will be better saver if hunting up price wtih trailing SellStop or hunting down price with Trailing buystop..
This is for initial OP
  • #14
  • Mar 4, 2022 5:41am Mar 4, 2022 5:41am
Quoting daengrani07
Another example. On Daily TF, USDCAD touch last previous High, and attemp to reach Next Prev High {image} Then, if we switch to lower TF (H1, M30 or M15) we could OP_SellStop {image} It could combined with Harmonic. So we know when to start trail & where. Or other logics Instead of averaging position, i think will be better saver if hunting up price wtih trailing SellStop or hunting down price with Trailing buystop.. This is for initial OP
example scenarios
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM_1stScenario.png Size: 41 KB
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM_2ndScenario.png Size: 43 KB
  • #15
  • Mar 9, 2022 11:58am Mar 9, 2022 11:58am
Sir i see your work and i appreciate, i also see the wisdom in your strategy especially coming from a long road of losses, your strategy will help to recover losses
thanks for sharing
  • #16
  • Mar 9, 2022 4:23pm Mar 9, 2022 4:23pm
Quoting Samalin
Sir i see your work and i appreciate, i also see the wisdom in your strategy especially coming from a long road of losses, your strategy will help to recover losses thanks for sharing
I open this thread to accomodate all possible about Stop & Reverse logics. Many request based on this logic, just diff variation, but still same logic..
But seem not many are interested
  • #17
  • Mar 9, 2022 5:00pm Mar 9, 2022 5:00pm
daengrani07,
some of us are slow readers, slow traders but do appreciate a change to trading systems and their indicators, my version is attached and thanks in advance for the idea and indicator. cpfleger
Attached Image (click to enlarge)
Click to Enlarge Name: Volty.jpg Size: 282 KB
  • #18
  • Mar 9, 2022 6:53pm Mar 9, 2022 6:53pm
Quoting cpfleger
daengrani07, some of us are slow readers, slow traders but do appreciate a change to trading systems and their indicators, my version is attached and thanks in advance for the idea and indicator. cpfleger {image}
This volty could be used as trailing stoploss for buy position too. Entry could be other logic
  • #19
  • Jul 5, 2022 4:24am Jul 5, 2022 4:24am
Hi Daengrani,
Do we have an EA for this strategy?

Quoting daengrani07
Dear All, I open this thread for anyone who is interested in Stop And Reverse trading. I've checked some thread about this, but not continue.. This is popular logic. It could use MAs, Zigzag, Channel, etc For simplicity, i will use Volty Channel Stop which i've modified a little, just add 2 buffer for StopLoss/Reversing Indicators : {file}{file} I will continue later with pictures about this approach. I want everything's clear before share my work. So nobody ask same question repeteadly Regards
  • #20
  • Last Post: Aug 30, 2022 7:31pm Aug 30, 2022 7:31pm
Thanks for the strategy I'll start it today...
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