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Reversal Trade System

  • #1
  • First Post: Mar 13, 2010 7:12am Mar 13, 2010 7:12am
Hi everyone i want to share my idea for a new trading system. i hope this thread havent been started yet.

Indicators:
Bollinger Bands(20,2)
Fractals
RSI(9)

Okay the rules for short entry:

Candle closed outside the BB, RSI is overbought and Fractals up should appear. Vice-versa for long entrys.

Exit:
When price touches the other BB Band or an Down-Fractals appears.


http://farm5.static.flickr.com/4067/...6ace6423_o.gif
Attached File(s)
File Type: tpl BollingerBands_RSI_fractals.tpl   1 KB | 944 downloads
  • #2
  • Mar 13, 2010 7:48am Mar 13, 2010 7:48am
You realize that fractals are technically a repainting indicator, right? If a fractal appears in the last two closed bars, there's a possibility it will repaint
  • #3
  • Mar 13, 2010 8:10am Mar 13, 2010 8:10am
Quoting Ronald Raygun
You realize that fractals are technically a repainting indicator, right? If a fractal appears in the last two closed bars, there's a possibility it will repaint

RR is right. I've seen fractals repaint ten times in sequence. They look great
in hindsight, but I haven't had much luck with them in real time.

Rob
  • #4
  • Mar 13, 2010 8:23am Mar 13, 2010 8:23am
I like this as an entery

but you need the trend from a hight time frame

and I like the stoch or CCI rather them the RSI but it doesn't matter

what I do is put a macd with the following setting

48 104 36 and only trade with is (its like the hour all on one chart)

and trade with it only


Attached Image (click to enlarge)
Click to Enlarge Name: 22.gif Size: 33 KB


teb
  • #5
  • Mar 13, 2010 8:46am Mar 13, 2010 8:46am
Quoting TEB63
I like this as an entery

but you need the trend from a hight time frame

and I like the stoch or CCI rather them the RSI but it doesn't matter

what I do is put a macd with the following setting

48 104 36 and only trade with is (its like the hour all on one chart)

and trade with it only


Attachment

teb

okay thx for the ideas to make this system a bit better :-)
i am going to use moving averages to trade with trend of the higher TF
  • #6
  • Edited 10:36am Mar 13, 2010 10:08am | Edited 10:36am
Quoting DonDoggy
Hi everyone i want to share my idea for a new trading system. i hope this thread havent been started yet.

Indicators:
Bollinger Bands(20,2)
Fractals
RSI(9)

Okay the rules for short entry:

Candle closed outside the BB, RSI is overbought and Fractals up should appear. Vice-versa for long entrys.

Exit:
When price touches the other BB Band or an Down-Fractals appears.


http://farm5.static.flickr.com/4067/...6ace6423_o.gif

I like your idea Don.
  • #7
  • Mar 13, 2010 10:37am Mar 13, 2010 10:37am
Hint: A reversal is a breakout in the opposite direction.
  • #8
  • Mar 14, 2010 8:28am Mar 14, 2010 8:28am
Quoting TEB63
I like this as an entery

but you need the trend from a hight time frame

and I like the stoch or CCI rather them the RSI but it doesn't matter

what I do is put a macd with the following setting

48 104 36 and only trade with is (its like the hour all on one chart)

and trade with it only


Attachment

teb
can You post more rules?
  • #9
  • Mar 14, 2010 8:48am Mar 14, 2010 8:48am
more rules could be helpful, i will test it now

here a template file
Attached File(s)
File Type: tpl bb_macd_sto.tpl   2 KB | 790 downloads
  • #10
  • Mar 14, 2010 8:51am Mar 14, 2010 8:51am
hi guys

i just started a new thread

what I do trend follow nor reveral

sorry

teb
  • #11
  • Mar 14, 2010 9:07am Mar 14, 2010 9:07am
thanks!

http://www.forexfactory.com/showthread.php?t=225903
  • #12
  • Mar 15, 2010 12:11am Mar 15, 2010 12:11am
fractals take a few bars to be produced. usually 2before 2 after.. i dont think they repaint after that. and if u look properly at the charts, when a fractal is produced, the entry point for u isnt as good anymore. also note that fractals were meant to be used in this manner: up fractal buy signal down fractal sell signal n not the other way around.
  • #13
  • Mar 15, 2010 12:14am Mar 15, 2010 12:14am
the bbbands and the rsi are the key for this signal...
  • #14
  • Mar 15, 2010 8:00am Mar 15, 2010 8:00am
in three trades at the moment using the rsi and bbands
long gu and gj and eu...

these are targets 10 pips and stops below the lower low of the last ten candles as this is from a consolidation...gu and gj winning and eu stalling

i`ll report back the results...

had my first winning trade in the middle of the nite...can take some time...

let`s trade this strat live here on ffactory...see if we can get this one to be a solid winning strat

i like it ..simple clear signals...the rsi is the key...
  • #15
  • Mar 15, 2010 8:40am Mar 15, 2010 8:40am
Gu quickly won +10
Gj and eu struggled
Gj won +10
Eu still struggling…
this strat has possibilities....
  • #16
  • Mar 17, 2010 1:32pm Mar 17, 2010 1:32pm
trading the strat with great results

20 trades maybe 3 losers

great 15minute strategy

key is the rsi 9 (must go above 70 level or below 30 level)

fractal is important...must be there

candle break through the bbbands...

with this 1 2 3 combo... u have a great signal
  • #17
  • Mar 18, 2010 9:54am Mar 18, 2010 9:54am
9 winners march 18 am
3 losers march 18 am

and day young....

1 ....2 .......3...and u have signal...

1. break of bbband
2. rsi above 70 or below 30
3. fractal appears

boom signal!!!!
  • #18
  • Mar 18, 2010 9:56am Mar 18, 2010 9:56am
???? where are u....

thx for this thread
  • #19
  • Mar 18, 2010 10:17am Mar 18, 2010 10:17am
Quoting DonDoggy
Hi everyone i want to share my idea for a new trading system. i hope this thread havent been started yet.
It would be better if you show your strategy by predicting the price in real time.
And to post examples here. Something practical, not theorectical.
  • #20
  • Mar 20, 2010 1:31am Mar 20, 2010 1:31am
Quoting farmhand
trading the strat with great results

20 trades maybe 3 losers

great 15minute strategy

key is the rsi 9 (must go above 70 level or below 30 level)

fractal is important...must be there

candle break through the bbbands...

with this 1 2 3 combo... u have a great signal
The fractal appears 2 bars later so this method might have problems.
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