Actually.. went through the trade details and 1. and 2. should have been +25.. have to check with GoMarkets why it wasn’t the case!?..
21977498 2012.06.19 18:00 buy 0.05 gbpusd 1.57321 1.57321 1.57569 2012.06.19 20:31 1.57321
21978868 2012.06.19 19:00 buy 0.05 gbpusd 1.57323 1.57323 1.57570 2012.06.19 19:31 1.57560
21977498 2012.06.19 18:00 buy 0.05 gbpusd 1.57321 1.57321 1.57569 2012.06.19 20:31 1.57321
21978868 2012.06.19 19:00 buy 0.05 gbpusd 1.57323 1.57323 1.57570 2012.06.19 19:31 1.57560
so here are the reasons why forward testing can be so significantly different to back testing.. unfortunately EA stopped trying to close this trade after 3 attempts and actual hard target was missed by .5 pip probably due to wider spread :-( +5 at BE sounds even more enticing now
2012.06.20 03:30:58 TradeDispatcher: trade context is busy
2012.06.20 03:30:58 '525154': order #21977498 buy 0.05 GBPUSD closing at 0.00000 failed [Trade context is busy]
2012.06.20 03:30:57 TradeDispatcher: trade context is busy
2012.06.20 03:30:57 '525154': order #21977498 buy 0.05 GBPUSD closing at 0.00000 failed [Trade context is busy]
2012.06.20 03:30:57 TradeDispatcher: trade context is busy
2012.06.20 03:30:57 '525154': order #21977498 buy 0.05 GBPUSD closing at 0.00000 failed [Trade context is busy]
2012.06.20 03:30:57 TradeDispatcher: trade context is busy
2012.06.20 03:30:57 '525154': order #21977498 buy 0.05 GBPUSD closing at 0.00000 failed [Trade context is busy]
2012.06.20 03:30:58 TradeDispatcher: trade context is busy
2012.06.20 03:30:58 '525154': order #21977498 buy 0.05 GBPUSD closing at 0.00000 failed [Trade context is busy]
2012.06.20 03:30:57 TradeDispatcher: trade context is busy
2012.06.20 03:30:57 '525154': order #21977498 buy 0.05 GBPUSD closing at 0.00000 failed [Trade context is busy]
2012.06.20 03:30:57 TradeDispatcher: trade context is busy
2012.06.20 03:30:57 '525154': order #21977498 buy 0.05 GBPUSD closing at 0.00000 failed [Trade context is busy]
2012.06.20 03:30:57 TradeDispatcher: trade context is busy
2012.06.20 03:30:57 '525154': order #21977498 buy 0.05 GBPUSD closing at 0.00000 failed [Trade context is busy]
jacekg,
backtesting means nothing with FMT, do not trust your settings with BT !!
with FMT you need to trade very recent market conditions, that's why I change my settings about every 3 months, to adjust with the new breakout times and settings.
right now 7:00 NY, 8:30 NY, and 13:00 NY are very consistant breakout times.
The FMT indicators will get the trade right most of the time, but the settings need to be aligned with the market movement, which is very choppy without long trends, so my settings of 25-22-12-0 seem to capture the most pips to be expected.
of course , you trade as you wish, I am just suggesting what I have found with much research.
cheers !
backtesting means nothing with FMT, do not trust your settings with BT !!
with FMT you need to trade very recent market conditions, that's why I change my settings about every 3 months, to adjust with the new breakout times and settings.
right now 7:00 NY, 8:30 NY, and 13:00 NY are very consistant breakout times.
The FMT indicators will get the trade right most of the time, but the settings need to be aligned with the market movement, which is very choppy without long trends, so my settings of 25-22-12-0 seem to capture the most pips to be expected.
of course , you trade as you wish, I am just suggesting what I have found with much research.
cheers !
thx again.. but I found BT quite OK with FMT.. as a matter of fact I run BT on some actual recent trades and they mostly match.. but agree generally BT not to be trusted.. maybe a good first filter for various setups.. will look into getting tighter spreads.. less then a pips sounds so good even if one pays $3.50 to get this
keep up good work..
cheers
Are you running FMT in stealth mode? Just wondering if you are experiencinh any STOP hunting
KGK
FMT for me this week, using (25-22-12-0):
7:00 NY , 2 TP, 3 SL, 0 BE, 0 NT, = -31 pips
8:30 NY, 2 TP, 0 SL, 1 BE, 2 NT, = +44 pips
13:00 NY, 0 TP, 1 SL, 2 BE, 1 NT, = -25 pips
total this week, -12 pips.
total in 3 weeks using these settings, +14 pips.
7:00 NY , 2 TP, 3 SL, 0 BE, 0 NT, = -31 pips
8:30 NY, 2 TP, 0 SL, 1 BE, 2 NT, = +44 pips
13:00 NY, 0 TP, 1 SL, 2 BE, 1 NT, = -25 pips
total this week, -12 pips.
total in 3 weeks using these settings, +14 pips.
FMT for me this week, using (25-22-12-0):
7:00 NY , 1 TP, 1 SL,3 BE, 0 NT, = -3 pips
8:30 NY, 2 TP, 2 SL, 0 BE, 1 NT, = -6 pips
13:00 NY, 1 TP, 1 SL, 2 BE, 0 NT, = -3 pips (Friday sell trade still open)
total this week, -12 pips.
total in 4 weeks using these settings, +2 pips. (not good enough, see below for new settings)
FYI: I'm noticing that we are getting alot of BE trades because market is coming up short of our TP=22 setting, then retracing to BE, so I am lowering the TP to 15 with no BE setting to try and capture the 15 pips profit before the market retraces.
So, new settings I'm using for all 3 start times is: SL=25, TP=15, BE=0 (an option is using BE=10 for safety)
You can continue to use old settings if you like, they are good, but I think the new ones will be better for now ?
good luck !
7:00 NY , 1 TP, 1 SL,3 BE, 0 NT, = -3 pips
8:30 NY, 2 TP, 2 SL, 0 BE, 1 NT, = -6 pips
13:00 NY, 1 TP, 1 SL, 2 BE, 0 NT, = -3 pips (Friday sell trade still open)
total this week, -12 pips.
total in 4 weeks using these settings, +2 pips. (not good enough, see below for new settings)
FYI: I'm noticing that we are getting alot of BE trades because market is coming up short of our TP=22 setting, then retracing to BE, so I am lowering the TP to 15 with no BE setting to try and capture the 15 pips profit before the market retraces.
So, new settings I'm using for all 3 start times is: SL=25, TP=15, BE=0 (an option is using BE=10 for safety)
You can continue to use old settings if you like, they are good, but I think the new ones will be better for now ?
good luck !
Last edited:
Blackstick
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Thank you Hammy, I'll give these a go.
FMT for me this week, using new settings (25-15-0):
7:00 NY , 4 TP, 1 SL, 0 NT, = +35 pips
8:30 NY , 4 TP, 1 SL, 0 NT, = +35 pips
13:00 NY, 2 TP, 1 SL, 2 NT, = +5 pips
total this week, +75 pips.
seems to be working better with these settings, so far
7:00 NY , 4 TP, 1 SL, 0 NT, = +35 pips
8:30 NY , 4 TP, 1 SL, 0 NT, = +35 pips
13:00 NY, 2 TP, 1 SL, 2 NT, = +5 pips
total this week, +75 pips.
seems to be working better with these settings, so far
Last edited:
FMT for me this week, using new settings (25-15-0):
7:00 NY , 4 TP, 1 SL, 0 NT, = +35 pips
8:30 NY , 4 TP, 1 SL, 0 NT, = +35 pips
13:00 NY, 2 TP, 1 SL, 2 NT, = +5 pips
total this week, +75 pips.
seems to be working better with these settings, so far
My trades have different results to yours, using Alpari UK live and times in local London time:
16th 14:00=loss 15:30=loss 20:00=win
17th 14:00=win 15:30=win 20:00=loss
18th 14:00=loss 15:30=loss 20:00=no trade
19th 14:00=win 15:30=loss 20:00=loss
20th 14:00=win 15:30=win 20:00=BE
Week summary 6 wins, 7 losses, 1 no trade, 1 BE
that's because my trades are the week before yours.
I have not posted this week yet, but I think it's similar to yours ?
cheers !
Sorry,didn't notice the difference in the weeks.
My results for the week commencing 9th July are:
9th 14:00=be 15:30=win 20:00=be
10th 14:00=loss 15:30=loss 20:00=loss
11th 14:00=loss 15:30=win 20:00=no trade
12th 14:00=win 15:30=win 20:00=loss
13th 14:00=win 15:30=win 20:00=win
Week summary 7 wins, 5 losses, 1 no trade, 2 BE
If every week was like that then the balance sheet would look much better !
Did you see this on Alpari?
Over the last couple of years, I have seen a few people rave about and recommend Alpari to others. Maybe this is something of which you should be aware. I just tripped over this on another site.
My humble opinion is that we as retail forex traders have little control over anything and know less about what happens behind the scenes. The least we can do is spread the word among ourselves - to help remain informed - so that we may make better decisions. and - be more prudent before we recommend a particular broker or other entity.
One could wonder - if they were caught stealing this time - how many times have they've stolen over the years, without being caught? I am not alleging this as I have no knowledge - is just a simple speculation. Do your own research and form your own opinion.
For Immediate Release
July 26, 2012
For more information contact:
Karen Wuertz (312) 781-1335, [email protected]
Larry Dyekman (312) 781-1372, [email protected]
NFA issues $200,000 fine against New York forex firm Alpari US LLC
July 26, Chicago - National Futures Association (NFA) has ordered Alpari US LLC, a futures commission merchant and forex dealer Member located in New York City, to pay a $200,000 fine as a result of an NFA Complaint filed in June 2012 and a settlement offer submitted by Alpari and two of the firm's principals, Jermaine C. Harmon and Richard A. Lani.
The Decision, issued by NFA's Business Conduct Committee, found Alpari violated several NFA requirements, including improperly cancelling forex trades and removing profits from customer accounts, failing to timely report trade data and other required information to NFA, failing to observe high standards of commercial honor, failing to comply with NFA's Enhanced Supervisory Requirements and failing to keep accurate records. The Decision also found that Alpari - together with Harmon and Lani - failed to supervise.
In addition to the $200,000 fine, Alpari is required to refund within 30 days to customers losses they incurred as a result of the price adjustments that Alpari made to their accounts in connection with an October 2011 "market event." Alpari must also provide verification to NFA that these refunds were paid to and received by customers.
Alpari must also submit a written report to NFA within 180 days of the effective date of the Decision which documents the results of an independent review of Alpari's electronic trading platforms conducted by a qualified outside party and the steps Alpari has implemented to remedy deficiencies with the firm's internal controls.
Alpari, Harmon and Lani neither admitted nor denied the charges. The complete text of the Complaint and Decision are available on NFA's website.
from this link: https://www.nfa.futures.org/news/newsRel.asp?ArticleID=4087
Over the last couple of years, I have seen a few people rave about and recommend Alpari to others. Maybe this is something of which you should be aware. I just tripped over this on another site.
My humble opinion is that we as retail forex traders have little control over anything and know less about what happens behind the scenes. The least we can do is spread the word among ourselves - to help remain informed - so that we may make better decisions. and - be more prudent before we recommend a particular broker or other entity.
One could wonder - if they were caught stealing this time - how many times have they've stolen over the years, without being caught? I am not alleging this as I have no knowledge - is just a simple speculation. Do your own research and form your own opinion.
For Immediate Release
July 26, 2012
For more information contact:
Karen Wuertz (312) 781-1335, [email protected]
Larry Dyekman (312) 781-1372, [email protected]
NFA issues $200,000 fine against New York forex firm Alpari US LLC
July 26, Chicago - National Futures Association (NFA) has ordered Alpari US LLC, a futures commission merchant and forex dealer Member located in New York City, to pay a $200,000 fine as a result of an NFA Complaint filed in June 2012 and a settlement offer submitted by Alpari and two of the firm's principals, Jermaine C. Harmon and Richard A. Lani.
The Decision, issued by NFA's Business Conduct Committee, found Alpari violated several NFA requirements, including improperly cancelling forex trades and removing profits from customer accounts, failing to timely report trade data and other required information to NFA, failing to observe high standards of commercial honor, failing to comply with NFA's Enhanced Supervisory Requirements and failing to keep accurate records. The Decision also found that Alpari - together with Harmon and Lani - failed to supervise.
In addition to the $200,000 fine, Alpari is required to refund within 30 days to customers losses they incurred as a result of the price adjustments that Alpari made to their accounts in connection with an October 2011 "market event." Alpari must also provide verification to NFA that these refunds were paid to and received by customers.
Alpari must also submit a written report to NFA within 180 days of the effective date of the Decision which documents the results of an independent review of Alpari's electronic trading platforms conducted by a qualified outside party and the steps Alpari has implemented to remedy deficiencies with the firm's internal controls.
Alpari, Harmon and Lani neither admitted nor denied the charges. The complete text of the Complaint and Decision are available on NFA's website.
from this link: https://www.nfa.futures.org/news/newsRel.asp?ArticleID=4087
Hi lumbco and Hammy,
I thought I had this trade time thing worked out last year but now I'm confused again after visiting this site for the first time. From above it looks like you both are trading at different times:
lumbco
14:00 London = 13:00 GMT
15:30 London = 14:30 GMT
Hammy
7:00 NYC = 11:00 GMT
8:30 NYC = 12:30 GMT
13:00 NYC = 17:00 GMT
I'm sorry to be such a dunce but could you please explain?
Thanks
It looks to me like he is stating the Alpari broker times ??
Mine are actual NY. and GMT. times.
BTW: I'm now only using the 7:00 NY start time for FMT. (it's the best time, IMO)
cheers !
