Recent content by Cobber

There is room for both manual and automated systems. What amazes me though is it seems some traders have never traded themselves manually using their own or another strategy and have started trading by trading EA's, looking for the holy grail. Cobber

Exactly. Thats why i gave up trading the system. The developer has itchy feet and doesnt trust his own system.

WhoDares, I have seen it all before. I just don't agree with altering an EA that is proven to work. At some stage it may well stop working but you need to determine when that is the case. eg by maximum drawdown % you are willing to lose. Remember, every system will go through drawdown at...

Looks like no one is trading this coin toss EA anymore, people exiting early etc.

You can choose to listen or not. I dont really care. Ive already explained why i am not using this product. Your problem is you are using the product but u aint.

Actually I haven't traded FMT for a couple of weeks as have moved my money elsewhere (not because of the recent average results i might add). That doesn't mean I don't think the system will not make you money at some stage, I just prefer a system that makes more intuitive sense rather than a...

Why did you buy it for then? Im not trying to be a prick here just trying to make a point.

Your problem is you are looking short term, dont take it trade by trade, look at monthly results. Remember if you pull out early due to an indicator change it can just as easily turn into a profit, not necessarily a loss.

If you want to trade the system then trade the system as it is designed. If you do not want to trade the system don't trade the system, take your money away and trade something else. I cannot emphasis this enough.

Why trade the system if you are not going to trade the system?

Isn't that called trading the strategy? Not many actually do that.

Im out -40SL from a while back.

Not exactly a London breakout.

Can anyone provide the max drawdown (%) so far on this system? And what sort of drawdown the system is currently in?

Time will tell. You wont know it has stopped working until you have lost most of your funds. Lets face it this system relies on a continuation of the Asian session but this is not happening, pull up a 1 hr chart and look yourself.