Jashfx
Active member
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Wait Until you see this thing go on a 10-15 trade run without a loss, with majority being winners and a couple No Trades or BE thrown into the mix.
Wait Until you see this thing go on a 10-15 trade run without a loss, with majority being winners and a couple No Trades or BE thrown into the mix.
klfenterprises
Newbie
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Thank you but Im not sure what you mean by user panel and (remove users)
Sorry, could you please explain
You are running 2 versions of your VPS. Ctrl Alt End go to users and shut the duplicate down.
Obviously GBPUSD
podberry
Well-known member
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Seems obvious to us on the forum you haven't taken time to read the manual or you have not purchased the EA at all. :-0
klfenterprises
Newbie
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Thank you, I think I have found it. I looked in task manager and under users it had 2 entries both active. I disconnected on. I hope that was what I was meant to do.
Davinci79
Your still using the old setting, is there any reason for that?????????
What have your results for this year been before your April Dip
I'm still using old setting because I like to have TP=SL. I missed a few TP for a few pips but I preferred to be disciplined and keep original settings.
Results before April are much better but at this moment I have a huge drawdown (~40%) because of money management and last 12 trades.
podberry
Well-known member
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Couldn't agree more trader578,
you got to ask yourself the question, how come the whole of April we never had many losses and plenty B/E, now leading up to the Easter Weekend and on the short week things suddenly went pear shaped, was it coincidence or lack of volume ? the latter to be honest. I think its a matter of time before Mark introduces 'no trade days or weeks' Why do I say that ? Because looking at Chrismas stats for the last two years, would I trade it, no chance. So why trade if you know it's historically a drawdown month.
That is correct. Be careful about opening duplicate sessions
. If you open a session and there is no MT4 platform do not reopen as it means you are in another session.
klfenterprises
Newbie
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Thank you for you help.
27th April
All times Alpari UK
Old FMT settings (40,35,20,5) with Hammy66 timings on live Alpari UK account, result today:
07:15 SL
07:30 SL
07:45 SL
Catfish settings (see #7525) with Hammy66 timings on a demo Alpari UK account, result today:
07:15 SL
07:30 SL
07:45 SL
Even trading with reduced lots the change in live account balance for Monday to Wednesday was -£728
No more pain, the trading computer will stay switched off until the 3rd May.
All times Alpari UK
Old FMT settings (40,35,20,5) with Hammy66 timings on live Alpari UK account, result today:
07:15 SL
07:30 SL
07:45 SL
Catfish settings (see #7525) with Hammy66 timings on a demo Alpari UK account, result today:
07:15 SL
07:30 SL
07:45 SL
Even trading with reduced lots the change in live account balance for Monday to Wednesday was -£728
No more pain, the trading computer will stay switched off until the 3rd May.
podberry
Well-known member
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- 1
Couldn't agree more trader578,
you got to ask yourself the question, how come the whole of April we never had many losses and plenty B/E, now leading up to the Easter Weekend and on the short week things suddenly went pear shaped, was it coincidence or lack of volume ? the latter to be honest. I think its a matter of time before Mark introduces 'no trade days or weeks' Why do I say that ? Because looking at Chrismas stats for the last two years, would I trade it, no chance. So why trade if you know it's historically a drawdown month.
Also for the record, FMT is NOT BROKEN and is truly a brilliant system, like all trading systems they have their limits when there is lack of volume and liquidity. I will continue to trade it without reservation, but also common sense needs to prevail when the market is quiet. :smart:
You are just justifying these losses rather than accepting the system didnt work. It can't be proved the losses had anything to do with your proposition. It could have just easily gone up instead of down.
podberry
Well-known member
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Well cobber, the whole of April FMT had us going in the right direction bar one S/L until this week, Volume, Volume, Volume. So you are implying FMT is not working ?
Anyway, I am tired of shouting off the rooftops about Holidays, each to his own
Well cobber, the whole of April FMT had us going in the right direction bar one S/L until this week, Volume, Volume, Volume. So you are implying FMT is not working ?
Anyway, I am tired of shouting off the rooftops about Holidays, each to his own
With you 100% Pod, FMT is not broken but for those who bought it and hoped to be 100% mechanical with no FX experience whatsoever, then sorry, but you will make money overall but suffer in times of unusual trading circumstances.
Consensus here from some very experienced traders is to either reduce the risk or not trade at all during these times.
One needs to add some FX experience to the system to extract max benefit aka pips!
Dont cry "broke", it is not in my opinion and I will continue using it and also enhance my knowledge from those who have far more experience than me, and I have several years!
podberry
Well-known member
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