That's why there is a robot. Robot's don't think, just go by the rules. Set it and forget it. Sometimes I tell people to just shut off the monitor for a week and see how your account does.
That's why there is a robot. Robot's don't think, just go by the rules. Set it and forget it. Sometimes I tell people to just shut off the monitor for a week and see how your account does.
Kinger
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Ok, heres where my standing is on the system. I like to do things in graph form so I can see from a distance the wood from the trees. Its starting from the begining of April 2010, with 3% risk on a £1000 starting account.
What do you think of this (original Rules apply):
pretty nice I think I'm sure you'll agree
this beats ALOT of other systems and you dont need to even think !
So put your trades on and we'll all meet in the Weatherspoons for 12 :clap:
If I could dance, I'd be doing it all day long. But you dont want to see that, trust me.
What do you think of this (original Rules apply):
pretty nice I think I'm sure you'll agree
this beats ALOT of other systems and you dont need to even think !
So put your trades on and we'll all meet in the Weatherspoons for 12 :clap:
If I could dance, I'd be doing it all day long. But you dont want to see that, trust me.
Kinger
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What I'm trying to say is stick to the system as prescribed and with compounding you’ll grow a big account in no time at all. The only thing you need to bring to this fancy dress party is strict patience and a false beard.
That’s my confidence boost for today.
That’s my confidence boost for today.
Tenapenny
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Let's party! :drunk:
Attachments
Kinger
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Tenapenny
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Not me, he's too good looking. :innocent:
bluedancer
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Hi There,
Out of respect for all our readers and future readers, would people mind going back and deleting personal conversations/posts so that when we look at the history we can easily follow discussions just on trading?
That would be really helpful to me when I am looking for trading support/ideas.
Thanks!!
Out of respect for all our readers and future readers, would people mind going back and deleting personal conversations/posts so that when we look at the history we can easily follow discussions just on trading?
That would be really helpful to me when I am looking for trading support/ideas.
Thanks!!
Yes I do.....their platform is not so flashy as some of the others, one thing I like about them is that you can adjust your stop loss and take profit on the charts just by clicking on the line and dragging it.
Also Alpari(UK) have GBP/JPY about 3-4 pips spread and they use MT4.
Hi There,
Out of respect for all our readers and future readers, would people mind going back and deleting personal conversations/posts so that when we look at the history we can easily follow discussions just on trading?
That would be really helpful to me when I am looking for trading support/ideas.
Thanks!!
Ha -- like minds
One problem ... some would go back to being "newbies" :clap:
Could not help myself ... guily of adding more dribble
There was a post a few days back that mentioned using 30 min time frame.
My backtesting (visual) has shown that on the days that M15 has no signal, the M30 does, however it seems you should trade with a smaller TP.
Can somebody with the good data etc test that?
Also has anybody noticed that when the trigger bar is a largebody in comparison to say the previous dozen bars or so you need to be cautious as well as when the trigger is part of a wedge of flag formation.
Is there anybody with tech expertise able to comment on this?
Gil
My backtesting (visual) has shown that on the days that M15 has no signal, the M30 does, however it seems you should trade with a smaller TP.
Can somebody with the good data etc test that?
Also has anybody noticed that when the trigger bar is a largebody in comparison to say the previous dozen bars or so you need to be cautious as well as when the trigger is part of a wedge of flag formation.
Is there anybody with tech expertise able to comment on this?
Gil
Hello Jonjo
Visual Order Editor will allow you to make ajustments on the chart by moving the lines and works on Mt4
Click the attachment icon to find the EA in this thread
Gil
bluedancer
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Welcome Paul, It's been a great discussion! Your point of view is welcome, we all learn from and support each other, and yes sometimes challenge each other's trading styles and ideas.
Blue ~ Happy like the sky ~
bluedancer
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Would a person not have to change the robot in order to test just the 'no trade on 15 minute days' with the 30min timeframe?
On the trigger bar, at first thought I would tend to agree with you, however experience with the GBP/USD tells me different. The occurrence of the GBP/USD going 40 pips at this time of day (to the minute) even against the trend or as what some call a false breakout, or even outside the limits of elliott wave rules, is so common. There is definitely a few very common breakout patterns. What I find so good about FMT is the Indicators give you a major headsup which direction has MORE strength to make the 40p move. I do however like very tight channels prior to the trigger candle, that is where we can get the 80 pip moves.
You mean something more like the signal on the 8th september?
bluedancer
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oh yeah that was nice
the last 7 trades had 2 losses then 5 wins
40p sl 40ptp = 120pips
40sl 80tp 24be 40ptrst = 151.4 pips
The new settings work so well because we will get a few +80 pip trades and our losses will have fewer -40 pip trades.
On backtesting so far it looks like optimum risk is 8% with the new settings.
