Switch off FMT

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lumbco

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• Feb 24, 2011

• #1

Since we have had two successive wins the chances of a third must be diminished.

Is anyone considering switching off the EA tomorrow?

 

T

TheBramble

Legendary member

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• Feb 24, 2011

• #2

Already switched mine off.

No point pushing it.

 

megamuel

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• Feb 24, 2011

• #3

My last 6 trades have been either wins or break evens. No losers. What settings are you using? Having 2 successive wins WILL NOT "diminish the chances" of having a 3rd successive win. Leave it on, thats the whole point of an EA. Sure, tomorrow could be a losing day. Then what will you do if you have turned it off? Will you keep it off for the 4th day? The EA is there on purpose to stop us making decisions based on fear and greed. Leave it switched on!!!

 

megamuel

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• Feb 24, 2011

• #4

Oh and lumbco, TheBramble is just winding you up - He doesn't use FMT and never would! But if he did, he would say "Leave it on!"

 

L

lumbco

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• Feb 24, 2011

• #5

megamuel said:

Oh and lumbco, TheBramble is just winding you up - He doesn't use FMT and never would! But if he did, he would say "Leave it on!"

Click to expand...

Thanks for your advice.

I have decided to leave it on rather than off or at reduced risk.

I use the method developed by Hammy66 with 4 trades at half hour intervals. I think that the results are astounding.

I am setting up forward demo testing to try standard risk for a short and reduced risk for a long.

Good luck

 

megamuel

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• Feb 24, 2011

• #6

Well I'm not too sure about Hammy's method but still I'd leave it on and let the EA do the work. Good luck.

 

Trader333

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• Feb 24, 2011

• #7

Since we have had two successive wins the chances of a third must be diminished

Click to expand...

This is not true and is known as gamblers fallacy but usually in reverse, ie if you havent had a win in ages the belief is that the chance of winning next time must be higher.


Paul

 

D

dreamworks

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• Feb 27, 2011

• #8

I switch off FMT for now.

 

megamuel

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• Feb 27, 2011

• #9

dreamworks said:

I switch off FMT for now.

Click to expand...

Why?

 

megamuel

Experienced member

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• Feb 28, 2011

• #10

Great, me saying to leave FMT on, I didn't get home in time to switch the thing on and ended up missing the trade... Which of course was a winner. I blame alcohol and women...