Trading author's settings, 2% on live acct
Kgk
I had the same problem a week ago - The problem was I had one on VPS and was watching the other with same broker on my home PC - So of course with 2 open you will get 2 trades - That's maybe what happened to you without realizing it.
ok this is weird --- had two SELLS today - standard settings...luckily both hit TP... phew... can't imagine it they had gone south. not sure what to make out of it...I am running it on a VPS...will check with Marc Later.
Make sure the VPS does not have a second session open. Had an issue with double trades due to two identical sessions.
just by curiosity,what are the requirement for a VPS running MT4 ?
How much does it cost ?
Are you "happy" with this system FMT + VPS ?
thanks
Got stopped at b/e!
For some reason I decided to switch to original settings of 40/40 (but still kept the 20 b/e). But get this...
Trading with IG index, shorted @ 16162.5 with limit of 16122.5.
Price hit 16121.6 but due to 2-3 point spread from IG, target wasn't hit!.Ouch!! Price then retraced to take out my b/e stop which I moved manually.
Am in the process of opening a SML account and can't wait.
Guys,
I was doing backtesting on MT4 and it seems that data from May4 2010 to July 2010 is missing on all the diff brokers (alpari , fxdd ....) both on demo and live on my pc. I tried to download from history menu again but no diff at all.
Can you please let me know how to proceed.
Thanks
Hi Guys ( Bit of Reading whilst we trade this morning)
I was working of my trading plan last night under the section of money management on a template I'm using, and was struck by a part of it that really gave me food for thought and I wish to share the underlying question with the seasoned traders of FMT (those who have been trading it for a few months plus) as it would be great to hear what your thoughts are. The question is not aimed at scaring anyone but needs to be taken into consideration on any trading strategy in case things go wrong.
The question is this:
AT WHAT STAGE WOULD YOU CONSIDER THAT YOUR STRATEGY IS NO LONGER PROFITABLE AND WOULD NEED REVIEWING ?
This is a simple question and I am struggling to think of how bad things need to get with FMT before we realize that underlying factors and not the system itself are to blame. Eg Soaring oil prices, tension in the Middle East that could cause the GBP/USD pair to trade erratically.
Do we lose -10% of our account in one month, or have 10 losing trades in a row, or have 3 losing months in a row, or wait for Mark to email us that things are not normal?
Where do we define that things are going so wrong and that we need to cease trading ?
I pray to God it never happens and that we prosper going forward, the past 2 years of Marks journal proves FMT is profitable beyond reasonable doubt.
Your feedback would make for interesting discussion.
Regards
Podberry:smart:
ok this is weird --- had two SELLS today - standard settings...luckily both hit TP... phew... can't imagine it they had gone south. not sure what to make out of it...I am running it on a VPS...will check with Marc Later.
Make sure the VPS does not have a second session open. Had an issue with double trades due to two identical sessions.