Was that pure 100% automated, or manual ?? or combination ?

Simple Daily Trend Reversal Trading System

The EA does not use FFCal anymore. It has its own internal code for downloading news

Simple Daily Trend Reversal Trading System

That was to be expected, see my post on page 85 where i mentioned that EURCHF was a low probability setup edit.. actually just checked and its still running here :-)

Simple Daily Trend Reversal Trading System

We are just talking about the initial stoploss here. The trailing OrderTSxxx stuff stays the same but will only become active once the trade gets in profit. At the moment we have two options 1) place the initial stoploss at the tip of the zigzag ...

Simple Daily Trend Reversal Trading System

The zigzag code itself is just ripped from the original zigzag delivered with mt4 and rewritten in a separate class

Simple Daily Trend Reversal Trading System

I was thinking about this.. 85 pips is pretty much , but i see why you would like to used a fixed SL But what if we combine it ? So we use 85 pips unless the zigzag arrow is closer. So if zigzag arrow is 50pips away then we set the SL to 50 pips If ...

Simple Daily Trend Reversal Trading System

Its not that difficult, it just looks to see if there is a zigzag arrow in the past X candles

Simple Daily Trend Reversal Trading System

Version 1.17 - fixed bug where EA gave multiple alerts for the same signal - new: EA now shows S/L for open trades in pips instead of price - new: EA now shows the order type for open trades with an buy/sell arrow - new: EA trade panel now shows ...

Simple Daily Trend Reversal Trading System

Yes since i'm only trading H4 & D1. But if you are trading lower timeframes then you could use H4 S&R levels

Simple Daily Trend Reversal Trading System

No, Its just a number i choose, you could also use 5000 or 1000 or whatever you like But yes even 20 yrs old levels can be very relevant to todays price action Simple example of EURCAD. note the chart is in MN1 and that a R&S level last touched in ...

Simple Daily Trend Reversal Trading System

nice! Thats manual, or 100% auto trading or auto trading with manual intervention ?

Simple Daily Trend Reversal Trading System

Here's a S&R indicator i'm currently working on. - it can show S&R levels from multiple timeframes - older S&R levels get wider lines - S&R levels with more touches get darker lines

Need Best Support and Resistance Indicator

Thx, already tested that one and it doesn't make sense too me. It shows zones, but it does not show the places where price is very likely to reverse. Also it misses lots of levels I'll stick with mine ;-)

Simple Daily Trend Reversal Trading System

Yeah i know this one. problem is that it doesn't group levels which are close together This results in way too many lines. Compare yours with mine:

Simple Daily Trend Reversal Trading System

Yeah it does not repaint

Simple Daily Trend Reversal Trading System

haha lol :-)

Simple Daily Trend Reversal Trading System

What S&R indicator are you using, and could you post it here ? just curious, would like to compare mine with as many others as possible ;-)

Simple Daily Trend Reversal Trading System

I'm not sure if SMA200 is going to help us. It might filter out counter-trend trades, but a counter trend trade is not always a losing trade and a with-the-trend trade is not always a winning trade. Also when market is consolidating the SMA200 is ...

Simple Daily Trend Reversal Trading System

Using automatic S&R levels to filter out low probability trades Just to give you an idea what i'm working on Below are 2 trades which are currently active. One on EURCHF and one on CADCHF. Both are on H4 High probability setup: CADCHF If you look at ...

Simple Daily Trend Reversal Trading System

Nothing is certain in forex, so there will always be losing trades. But we should try to filter out low probability trades and only trade the high probability ones. Any idea's / suggestions on how to improve the strategy are welcome. I know mrdfx is ...

Simple Daily Trend Reversal Trading System