Recent content by Mike Forex

Not a great believer in luck although the last couple of months have strained that belief in that if there is such a thing; we have had our fair share of the bad kind. When you consider that spikes should be random events (random in terms of the direction they go) most of these went against us...

Wednesday: We have another "No Trading" signal this evening. As you will be aware, there is considerable upset in the Euro market at the moment and EDT v5.0 is protecting us against this. So although this is rather like watching paint dry, the new indicator and filter settings on EDT v5.0 are...

We got a No Trade signal Thursday on our live GKFX account which is the one we run as "official" and publish the results from on the website. That said, it was a very close call and a couple of the demo accounts we run for comparison got a long signal. This has happened a couple of times before...

Thursday's trade is still on-going this morning (Friday) and as this is a Bank Holiday in a lot of countries, the action will be slow as expected. PayPal: It seems a few members have been receiving various notifications from PayPal regarding the original six month memberships. We have no idea...

I would like to address the questions and theories that have been made concerning the March results. I know that I am on risky ground here, as I'm quite sure that someone will read this and realising that it's coming from the system vendors, will make a comment along the lines that this is just...

Trade time after UK clock change: Today, many Broker platforms will have a different time relative to London time than they did last week. A few Brokers, e.g. Alpari UK and GKFX (Smart Live Markets) adjust their platforms to follow the UK adjustment for summertime, but most Brokers do not. So...

Pretty miserable week that I'm sure we are all glad to see the back of. Lots of talk about whether the clock changes this time of year are affecting the system and it has been pointed out in several private emails that we had a similar draw down just prior to the UK clock change last October so...

Concerning the Friday Early Close which seems to have caught a lot out this last weekend. Brokers will have informed their customers if their platforms were closing earlier than usual last week. The reason for this is as follows: For 95% of Brokers, the closing of Forex platforms on Friday...

One should probably be pleased with any gain in this tough business, but I have to admit to being devastatingly disappointed with Wednesday's result which finished at +9 pips around two in the morning. It is the second time in 4 days that we have been a whisker away from full target of 40 pips...

Two in a row for the Trailing Stop! It's like waiting for buses! ;) Trade ended with a 49 pip profit at around 20:10 (London). I'll settle for that! Mike The Forex Club

Really bad luck on Tuesday's trade. It appears the EA called the direction right but two retracing candles, one at 18:30 and the other at 19:15 (London) just touched the SL line before the price continued steadily south. We survived the first one by 0.4 of a pip but the second one just went over...

For those of you that were getting a little nervous earlier in the month, as you can see, one decent week last week pulled back all the losses for the month and put us back in the "green". On any run of losses, it pays to remember that we only need one win to balance out two losses. I know some...

Most definitely a short signal tonight and we finished with +20 pips as the Early Friday Close activated at 9pm (London). I don't think I would be on my own if I said I am glad to see the back of that week! Have a good weekend all. Mike The Forex Club

Wise, We have already tested this and there is no improvement to be made with any 2nd BE settings that we can find on a long term test. We appreciate the ideas though! :idea: Mike The Forex Club

I took the 2% log off the forums as I was getting questions almost daily about why the results sometimes differed from the 4% log (despite posting the info on forums several times). But it's still running and is available as a link on the website. Unlucky with that near miss last night but of...