ForexMorningTrade System

This is a discussion on ForexMorningTrade System within the Trading Systems forums, part of the Methods category; Originally Posted by felixmsr Same for me and me? yeah why not! pivotal day for me as well, finally out ...

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Old Jun 9, 2011, 12:51pm   #10984
Joined Feb 2011
re: ForexMorningTrade System

Quote:
Originally Posted by felixmsr View Post
Same for me
and me? yeah why not!

pivotal day for me as well, finally out of the red and up from inital deposit using FMT by .03% not joining that fmt millionaires club for a while, but its a start!
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Old Jun 9, 2011, 12:52pm   #10985
Joined Jan 2011
re: ForexMorningTrade System

Was in with a long signal

out with +35 pips

Last edited by itsam; Jun 9, 2011 at 4:10pm.
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Old Jun 9, 2011, 1:00pm   #10986
Joined Oct 2008
Thumbs up re: ForexMorningTrade System

Happy days
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Old Jun 9, 2011, 1:47pm   #10987
Joined Sep 2010
re: ForexMorningTrade System

FMT for me this morning, (45-35-25-5) Forex.com-UK

6:15, long signal, hit TP +35 pips
6:30, long signal, hit TP +36 pips
6:45, long signal, hit TP +26 pips (35-25-15-0)

total today +97 pips.

total for the week +154 pips..
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Old Jun 9, 2011, 2:43pm   #10988
Joined Jan 2011
re: ForexMorningTrade System

Another winning day

Fast FMT: +10

FMT: +35

EFMT: +38

Total: Fast FMT -50, FMT 0, EFMT +7
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Old Jun 9, 2011, 3:57pm   #10989
Joined Jun 2011
re: ForexMorningTrade System

Quote:
Originally Posted by hammy66 View Post
FMT for me this morning, (45-35-25-5) Forex.com-UK

6:15, long signal, hit TP +35 pips
6:30, long signal, hit TP +36 pips
6:45, long signal, hit TP +26 pips (35-25-15-0)

total today +97 pips.

total for the week +154 pips..
Hi Hammy, not sure I understand this. Could you explain further for a real newbie, Thanks, Motneen
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Old Jun 9, 2011, 4:35pm   #10990
 
3 Posts
Joined Feb 2011
re: ForexMorningTrade System

Hi guys,

I was in on a long signal this morning with FMT and it went past my hidden profit target pips and tried to reach my broker target profit pips ( I use the FMT EA). The EA didn't even register my break even settings and stop the trade as it took a down turn!! 0My settings are as follows:

Trading hour - 7
Trading minute - 15
Broker stop loss pips - 55
Broker profit target pips - 55
Hidden stop loss pips - 40
Hidden profit target pips - 35
Break even at pips profit - 25
Break even add pips - 5
Trailing stops pips - 0
Lots - 0.1
Use Money Management - True
Lots decimals - 2
Risk percent - 2
Maximum lots - 0.5

What am I doing wrong to cause the EA to try and reach 55 pips rather than 35?? I don't want to keep using the EA only for it to lose me money! Surely the EA should have moved the stop loss to my break even point so even if I didn't reach the 55 pips it ended up trying to hit, I should have walked away with +5 pips not -55 pips!?

Any help would be much appreciated.
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