Hello all,
I just purchased TMT.I'm going to backtest various settings this weekend and start trading with TMT next week.
Magicpip,
Is your time setting, 6:00 - 8:30, based on GMT or your broker time? I would appreciate your input.
I think, that the first important task is to find settings for TMT at the standard FMT time, which outperform the current results of FMT.
Depending on the quality of the backtest data and the spread of the chosen broker there are several good settings for TMT in order to outperform FMT.
Keep in mind, that the data downloaded from Metaquotes have gaps and are incomplete, therefore you can not achieve a 90% modeling quality.(see Marc`s backtests).
If you trade live with a non ECN, fixed spread broker without instant execution, different settings will be necessary.
Afterwards one could try to achieve even better results by extending the trade times.
So far exit strategy 3 with 24-26 trailing and a 40+45 TP1+2 with BE at 20, SL 43 are showing good results.
30% at TP1, rest on 45 with trail gives >85% winners and a PF of 2.07 from 2007- 2010
see today!
I have attached 2 optional sets with backtest on Alpari UK data.
MHK
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Ok... so I entered the receipt number as stated in the email and it still takes me to the FMT page and not the Turbo page. And I even tried clearing my cache before hand... Still no go...
I thought I had earned my first trade on Thursday with 2 charts, but I made a mistake. I had 2 charts open, but only 1 chart traded, the other was set to 1 hour by mistake, and Turbo earned 78 pips with the 1 trade.
This morning, Turbo earned 70 pips! Backtesting doesn't show the 2 levels of trades. My Settings:
6:00- 8:30 time
40 SL, 20 BE, 0,0,0, 1st level 35 TP, 60% closing,exit level 1, rest of settings are default.
This morning, Turbo earned 70 pips! Backtesting doesn't show the 2 levels of trades. My Settings:
6:00- 8:30 time
40 SL, 20 BE, 0,0,0, 1st level 35 TP, 60% closing,exit level 1, rest of settings are default.
You should have received an invitation email from Mark. Send him an email.
The invitaition email is what I responded to. I used the link in the invitation email.
Turbo earnings:
12/03/2010 06:00 12/03/2010 09:24 GBPUSD Buy 0.60 1.56225 0.00000 1.56225 1.56575 35.0 21.00
12/03/2010 06:00 12/03/2010 09:24 GBPUSD Buy 0.90 1.56225 0.00000 1.56225 1.56575 35.0 31.50
12/02/2010 06:00 12/02/2010 09:43 GBPUSD Buy 0.96 1.56391 0.00000 1.56141 1.56525 38.4 36.86
12/02/2010 06:00 12/02/2010 09:43 GBPUSD Buy 0.64 1.56391 0.00000 1.56141 1.56537 39.6 25.35
12/03/2010 06:00 12/03/2010 09:24 GBPUSD Buy 0.60 1.56225 0.00000 1.56225 1.56575 35.0 21.00
12/03/2010 06:00 12/03/2010 09:24 GBPUSD Buy 0.90 1.56225 0.00000 1.56225 1.56575 35.0 31.50
12/02/2010 06:00 12/02/2010 09:43 GBPUSD Buy 0.96 1.56391 0.00000 1.56141 1.56525 38.4 36.86
12/02/2010 06:00 12/02/2010 09:43 GBPUSD Buy 0.64 1.56391 0.00000 1.56141 1.56537 39.6 25.35
What settings are you using?
I'm backtesting more settings.
I used time: 6:00 - 6:45, though I'm also testing 6:00 - 6:30. So far there isn't any difference in using these times.
40SL, 20BE, 0,0,0, 35TP, 60% close, exit 1, the rest is default.
Could someone please help me out. When I had just the standard version I ran backtests and they worked great. I just got the turbo version, set up my paremeters and the tests show almost all losers, so I decided to backtest the standard version again and its doing the same thing. Does this have to do with having both EA's on mt4? Should I maybe get rid of the standard one on there?
When you backtest, you're only backtesting 1 EA at a time in the Strategy Tester. You can't possibly be backtesting 2 EA's at the same time that I know of on the same chart because the Tester only allows 1 EA to be tested at one time.
Check your # of Errors on the Report page. You should have 0 errors with 90% modeling quality, or very few errors.
Check your # of Errors on the Report page. You should have 0 errors with 90% modeling quality, or very few errors.
Yup 0 errors, 90%. I know you cant backtest both at the same time but I thought maybe because they are in the same program and have the same magic numbers. I triple checked the settings on both but the backtest results still show all losers on both for some reason.
Backtesting uses the current spread for GBPUSD at whatever time you backtest. On weekends, spreads are often substantially inflated when the brokers close. That's why backtests on weekends do not reflect normal weekday spread. If you want to backtest on weekends in the future, try to login in without a password before your broker closes on Friday. This will disconnect your account and freeze the normal spread for the weekend, or until you login again. Hope this helps. Cheers.