Really Pepperstone ?? Are you that desperate ? image image

Simple Daily Trend Reversal Trading System

You should tell that to the EA.

Simple Daily Trend Reversal Trading System

Will be hammered down before it is allowed to rise.

Simple Daily Trend Reversal Trading System

It is a combination of looking at the chart in different timeframes, currency strength, daily and weekly ranges. If a decide to (counter) trade i use a daily or weekly fibo to find the spots.

Simple Daily Trend Reversal Trading System

Until 1000% and then i will get bored and stop paying attention. There are so many strategies which with a little traders attention are profitable. They just do not work fully automated but if ever one of them would that one will be "holy grail".

Simple Daily Trend Reversal Trading System

Really ? This is not a 10 pip HiLo breakout system so i would love to see some trade examples from you. Perhaps we can all learn something from them.

Simple Daily Trend Reversal Trading System

Using the system and EA to signal and even enter the trades. When they are right you do not have to do anything just let them do it. When they are wrong it is a nice challenge to your trading skills to make it right again. ...

Simple Daily Trend Reversal Trading System

But i am sure that mrdfx will do an "in-depth" analysis over the past trading weeks why the EA strategy fails and come up with a solution.

Simple Daily Trend Reversal Trading System

The "trend indicator" is in defect or else the EA would not be fooled into false reversals. Either that or the profit expectation from a daily reversal are just to high, not reached and run back into SL. ZZ can never be a "major" indicator that's ...

Simple Daily Trend Reversal Trading System

@FxMadness: For the D1 chart traders (longer term) traders, just dump a ZZ indicator on 28 charts, wait for the arrow, trade in the direction and set the right SL/TP. You will highly likely get the same results. What do you mean posting this ...

Simple Daily Trend Reversal Trading System

Quoting DerBerliner @FxMadness - I hope very much, that your words are NOT the summary resp. "closing words" for this thread ! That said....i think the automated strategy will fail. Looking a little bit deeper into mrdfx TE (EA driven) almost all ...

Simple Daily Trend Reversal Trading System

Really think so ? So why did the UKpound surged against the USdollar despite the UK was partner in the Syria bombing, has the has a bodged Skripal case and a Brexit on their hands ?

Simple Daily Trend Reversal Trading System

No, i will still be around.

Simple Daily Trend Reversal Trading System

mrdfx Well, not really. If the current market conditions keep on for another couple of weeks the EA as seen in your TE will likely fail. No money has been made yet. I think that you will generate more interest in the system if you had continued with ...

Simple Daily Trend Reversal Trading System

Exactly. But even if the first entry is not a loss but got stopped out by your TS (if you are still using it). Also it is possible in trending pairs to miss a counter ZZ signal because of spread (unlikely) but mrdfx timing or SMA not lining up at ...

Simple Daily Trend Reversal Trading System

To complete the story. I always look at the trades the EA takes. If i look at the chart and think "hell no, that is completely wrong" i just close them and accept the loss. Rescuing trades is something i only do when the trades are taken when i am ...

Simple Daily Trend Reversal Trading System

Hence the needed "driver license", that should not happen. Even if it does happen you correct your mistake by fi. closing your 2.5x trade for an acceptable loss and start finding a better point to enter with a lot size that will cover your and the ...

Simple Daily Trend Reversal Trading System

Let me start with a question. If you have no driver license and no idea what the pedals and that round circle in front of you is for would you get into an experimental self driving car and let it drive you at 100 mph on a busy freeway ? Your answer ...

Simple Daily Trend Reversal Trading System

Just like gld, silver, cryptos etc. No fx markets.

Simple Daily Trend Reversal Trading System

Yeah, you are right. Completely different dynamics than FX.

Simple Daily Trend Reversal Trading System