SDTR Strategy Part II - MT4/MT5 Resources
Hello everyone, happy new year and may you have a prosperous 2019!
With a new year and a new beginning, I thought it would be a good idea to reboot the Simple Daily Trend Reversal Strategy and start a new thread.
The first theme was very successful when it was launched in 2017, also gaining over 224 pages, 4463 posts and over 1.3 million views in 2018! We made a lot of great progress and learned a lot. You can find the first simple daily trend reversal theme here:
https://www.forexfactory.com/showthread.php?t=713593
Since there are many posts, pages, and new developments on this strategy, this new thread will serve as a continuation and also save most of the lazy members from having to read the entire thread to stay up to date.
I'll try to post regularly as time permits, and post valid settings based on policy rules.
An EA was developed in 2018 and achieved initial success, but over a long period of time, the lack of human intervention and human intuition was its weakness and it failed to be profitable in the long term, so I removed it from the post. I'm still open to creating another EA, I do believe it is possible to successfully automate this strategy, it will be a challenge, but the challenge is certainly achievable.
Okay, those are the policy rules! This strategy is based on trading trend reversals. This requires you to be very patient and calm because there are very few confirmed setups, but when there are confirmed setups, most of the time it is profitable. This strategy uses 4 main indicators.
We will trade primarily on H1 and H4, although the D1 time frame can also be successfully traded.
Setting stop loss and take profit levels is a personal choice. For me, when I set my stop loss, I usually set my stop loss to the previous swing high or swing low (the previous ZigZag arrow) and check the pivot level. I also keep a close eye on price action. The price target can be a fixed target (+50-100 pips, depending on the time frame of the trade), or it can use Fibonacci retracements, ADR %, or get the maximum points when there is a new confirmed opposite signal. You can also set a trailing stop after reaching a predetermined minimum number of pips, then move SL to BE, etc. I would monitor price action most of the time and exit if I saw the trend changing and a new reversal forming. Please see below for trading rules:
Buying rules:
This strategy works and I encourage everyone to try this strategy and please share your results with us. I know this strategy can be very profitable for everyone. Now let's enjoy trading and collect more points from the market!
Please only post screenshots of diagrams using the template provided so as not to confuse anyone.
Please be polite and respectful to all members and keep topics on topic! If you fail to follow these simple guidelines, you will be removed. If you have a good idea or suggestion that could improve your strategy, please post it with an explanation to validate your suggestion.
Please subscribe to stay up to date with all the latest developments on this strategy, provide feedback, and let everyone enjoy the success of this strategy. Sending mung beans to everyone, come on!
With a new year and a new beginning, I thought it would be a good idea to reboot the Simple Daily Trend Reversal Strategy and start a new thread.
The first theme was very successful when it was launched in 2017, also gaining over 224 pages, 4463 posts and over 1.3 million views in 2018! We made a lot of great progress and learned a lot. You can find the first simple daily trend reversal theme here:
https://www.forexfactory.com/showthread.php?t=713593
Since there are many posts, pages, and new developments on this strategy, this new thread will serve as a continuation and also save most of the lazy members from having to read the entire thread to stay up to date.
I'll try to post regularly as time permits, and post valid settings based on policy rules.
An EA was developed in 2018 and achieved initial success, but over a long period of time, the lack of human intervention and human intuition was its weakness and it failed to be profitable in the long term, so I removed it from the post. I'm still open to creating another EA, I do believe it is possible to successfully automate this strategy, it will be a challenge, but the challenge is certainly achievable.
Okay, those are the policy rules! This strategy is based on trading trend reversals. This requires you to be very patient and calm because there are very few confirmed setups, but when there are confirmed setups, most of the time it is profitable. This strategy uses 4 main indicators.
We will trade primarily on H1 and H4, although the D1 time frame can also be successfully traded.
Setting stop loss and take profit levels is a personal choice. For me, when I set my stop loss, I usually set my stop loss to the previous swing high or swing low (the previous ZigZag arrow) and check the pivot level. I also keep a close eye on price action. The price target can be a fixed target (+50-100 pips, depending on the time frame of the trade), or it can use Fibonacci retracements, ADR %, or get the maximum points when there is a new confirmed opposite signal. You can also set a trailing stop after reaching a predetermined minimum number of pips, then move SL to BE, etc. I would monitor price action most of the time and exit if I saw the trend changing and a new reversal forming. Please see below for trading rules:
Buying rules:
- A green zigzag arrow will appear and be located at the level of the pivot level zone (0-25 points), S61, S78, S100 only!
- The Turbo JSRX indicator is in oversold territory (below the 30% level) and indicating a green uptrend.
- When the candle crosses up from below and closes above the 10 EMA, and only if the trade is still confirmed by 3 indicators.
- A red zigzag arrow will appear and be located at the level of the pivot level zone (0-25 points), R61, R78, R100 only!
- The Turbo JSRX indicator is in overbought territory (above the 70% level) and indicating a red downtrend.
- When the candle crosses and closes below the 10 EMA and only if the trade is still confirmed by 3 indicators.
It is also important to monitor price movements. Sometimes the current candle crosses the EMA with a big fast move, in which case I don't wait for the current candle to close but enter immediately to capture the rest of the move. Please do this at your own discretion!
This strategy works and I encourage everyone to try this strategy and please share your results with us. I know this strategy can be very profitable for everyone. Now let's enjoy trading and collect more points from the market!
Please only post screenshots of diagrams using the template provided so as not to confuse anyone.
Please be polite and respectful to all members and keep topics on topic! If you fail to follow these simple guidelines, you will be removed. If you have a good idea or suggestion that could improve your strategy, please post it with an explanation to validate your suggestion.
Please subscribe to stay up to date with all the latest developments on this strategy, provide feedback, and let everyone enjoy the success of this strategy. Sending mung beans to everyone, come on!
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