Turbo Morning Trade EA

markfric

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This thread is dedicated to trading Turbo Morning Trade, the various settings and test results.

Lets share the experience and test results here.
 
Great idea Mark to start a new thread for this. I will keep an eye out on progress and will also purchase this one from you in the next day or two. Thanks for all your hard work in the past, present and in the future.
 
I purchased the new version and am kind of confused with all the exit strategies. I've read over the exits and will have to backtest them as I don't know which one to chose.
 
I purchased the new version and am kind of confused with all the exit strategies. I've read over the exits and will have to backtest them as I don't know which one to chose.

That's the great thing about this new separate thread because it'll slowly get more and more people on it with back tests settings, strategies, results and more, so this is good. It'll just take some time getting people in here... "build it and they will come" :)
 
We could start by posting the results from the email that Marc sent regarding settings he tested. Would be nice if we could somehow keep the settings from getting lost in the thread.
 
The basis for comparison:
Standard rules of Forex Morning Trade
These are the standard rules of FMT as traded manually or using the bonus EA.

ProfitTargetPips=35, StopLossPips=40, BreakEvenAtPipsProfit=20

Total pips: 4474 Maximal drawdown: 8.39%
Profit factor: 1.66 Profit trades: 74%
 
Standard rules of Forex Morning Trade + ADR filter
Exactly the same rules with ADRFilter added.

ProfitTargetPips=35, StopLossPips=40, BreakEvenAtPipsProfit=20, UseADRFilter = true

Total pips: 5094 Maximal drawdown: 7.96%
Profit factor: 1.89 Profit trades: 76%
 
Using partial profit and trailing rule
Partial profit and trailing in action, together with ADRFilter.
We are closing 50% of the position at 35 pips (first profit target), then we trail the rest using the Trailing stop 20 pips from close of the previous candle.

FirstProfitTargetPips=35, FirstTargetClosingPercent=50, StopLossPips=40, BreakEvenAtPipsProfit=20, SecondProfitExitStrategy=3, TrailingStopPips=20, UseADRFilter = true

Total pips: 5158 Maximal drawdown: 9.99%
Profit factor: 1.91 Profit trades: 84%
 
Morning all,
after posting am going to buy the turbo EA.
Mark, I have a question, your EA has option of stop on the H/L of the last 5 candles, this is a strategy that I have used to good effect BUT , I use 3 candles, can the parameters be set to do that it the EA?

On another point, I am amazed at the pure and utter garbage posted over these last days on the FMT thread. Seems to me that many people spend more time posting than trading!

My take is simple, I bought a strategy that suited my style, which helpfully came with an EA that implemented the strategy, period!!!!

This new EA, as Mark very correctly states gives greatly enhanced features but I fear that many will continually play with settings, reacting to short term market conditions and thus possibly demeaning the true value of the EA and, more imprtantly, the strategy, which would be a shame.
As those who have traded FX for a while will confirm, it is the long term sucess of more or less fixed settings that reflect a proven strategy that will make you money. IMHO, tinkering is frequently counter productive.

Mark has taken a stragety that is well known, a little like Big Ben, acknowledged somewhat different, and turned it into a highly sucessful system and I am totally satisfied with the strategy/EA and the service Mark gives

Good trading all,
Dave
 
Mark,
I now have the EA so you dont need to answer.
We can set up 3 bars (or whatever) as well as a nice feature of last "n" bars pius "y" pips.

Nice EA mark, think this will be good for extracting a few more pips from FMT.

Nice result this morning
Thanks
Dave
 
77 pips this morning :)

40 SL, 20 BE, 0,0,0,35 TP, 60% close, Exit 1, default for the remaining options

6:00 - 8:30 trading time
 
77 pips this morning :)

40 SL, 20 BE, 0,0,0,35 TP, 60% close, Exit 1, default for the remaining options

6:00 - 8:30 trading time

Magic

Trying to understand your strategy. Exit 1 is the fixed profit exit. So when you hit 35 pips you close 60% of the trade. Do you have secondProfitTargetPips set with another pip target?

Thanks.
Sandy
 
Magic

Trying to understand your strategy. Exit 1 is the fixed profit exit. So when you hit 35 pips you close 60% of the trade. Do you have secondProfitTargetPips set with another pip target?

Thanks.
Sandy

correction: 40% 1st target closing

40 SL, 20 BE, 0 BEaddpips, 30 Breakevenpipsprofit2, 25 Breakevenaddpips2, 35 TP, 40% 1st targetclosing, exit 1, the rest is default: 2ndprofittargetpips 50 etc.....
 
Hello all,

I just want to let you know that I started trading Turbo EA on a demo account (with test settings), and I'm going to post the daily results in my trading journal, together with trades of standard Forex Morning Trade system.

The journal is here:
http://www.forexmorningtrade.com/trading-journal/december-2010/

I'm still working on testing various settings of TMT, and I'm looking forward for the others to send their own test results.
 
correction: 40% 1st target closing

40 SL, 20 BE, 0 BEaddpips, 30 Breakevenpipsprofit2, 25 Breakevenaddpips2, 35 TP, 40% 1st targetclosing, exit 1, the rest is default: 2ndprofittargetpips 50 etc.....

Gotcha. Thanks :)
 
Backtesting shows good results with 6:00 - 8:30 time
44 SL/20BE/0/0/0/35TP/60% close/exit 1, the rest are default settings.

October - November: PF of 5.34 $573 with $1.00 lots, 3 losses.
 
How did you obtain the EA? After my purchase the page took me to the FMT site and there was no Turbo Morning Trade EA. I already own FMT.
 
Mark sent an email to everyone that has FMT with a link to purchase it at a discount for a limited time only.
 
How did you obtain the EA? After my purchase the page took me to the FMT site and there was no Turbo Morning Trade EA. I already own FMT.

you have to enter your new password (receipt number) don't just click on the one that is there already
 
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