Turbo Morning Trade EA

[ihelfman]

Removing the partial close works best for my 010108-103110 data with your times and settings.

But I've attached a split trade that works much better for me on my data at 6:30 LST. Yields 2.5 x original investment, using MM, for 34 months.


40SL, 35TP (50%), 25BE, 5 BE add; Strategy 2, 40TP2, 30 (or less)BE2, 20BE add2.

Attached my backtest. Could you or someone else with more current data backtest?

Advance thanks for your kind help,
Ivan

 

[magicdogsbrain]

+35 today on SLM using SL45 BE 25 BEAdd 5 TP 35 100%

 

[chrisandrews12]

using new settings exits strategy 3 as per Mark

96/2 = 48 pips today:cheesy:

 

[magicdogsbrain]

using new settings exits strategy 3 as per Mark

96/2 = 48 pips today:cheesy:

What are these settings chrisandrews12?

 

[chrisandrews12]

What are these settings chrisandrews12?

Hi Magic,

default settings as per Mark's

Take care,

Chris

 

[magicdogsbrain]

Hi Magic,

default settings as per Mark's

Take care,

Chris

You mean ...

FirstProfitTargetPips=35, FirstTargetClosingPercent=50, StopLossPips=40, BreakEvenAtPipsProfit=20, SecondProfitExitStrategy=3, TrailingStopPips=20, UseADRFilter = true, UseLongCandleFilter = true

 

[chrisandrews12]

You mean ...

FirstProfitTargetPips=35, FirstTargetClosingPercent=50, StopLossPips=40, BreakEvenAtPipsProfit=20, SecondProfitExitStrategy=3, TrailingStopPips=20, UseADRFilter = true, UseLongCandleFilter = true

no as per this:

FirstProfitTargetPips=35, FirstTargetClosingPercent=50, StopLossPips=45, BreakEvenAtPipsProfit=25, BreakEvenAddPips=5, SecondProfitExitStrategy=3, TrailingStopPips=20, UseADRFilter = true, UseLongCandleFilter = true

 

[Magicpip]

No matter which strategy used, if the ADR filter is TRUE, the profits are lower. Backtested Exit 1 vs Exit 3, TP's of 30 and 35, and different percentage closing.

Highest profits backtested from March 26 - present was Exit 1, ADR False. About double the profits of ADR True.

 

[michaelhryu]

No matter which strategy used, if the ADR filter is TRUE, the profits are lower. Backtested Exit 1 vs Exit 3, TP's of 30 and 35, and different percentage closing.

Highest profits backtested from March 26 - present was Exit 1, ADR False. About double the profits of ADR True.

So, what are your current settings, please?

 

[Magicpip]

45 SL, 25 BE, 5 Addpips, 40 BE, 5 Addpips, 30 1st TP, 98% closing, Exit 1, 45 2nd TP, ADR FALSE.

With 5% risk, it earned $919 with a $3000 starting balance between March 26 - today.

The higher the closing percentage, the higher the profits.
Exit 1 allows for the pips that are available at the time. If you use 100% for exit 1, you could miss available profits.

ADR True earns less. The one filter difference between FMT and TMT is the ADR filter.

 

[Magicpip]

So, what are your current settings, please?

I tried exit 3 last night, and am going with the settings I just posted.

Exit 1, ADR False, 1st TP 30. A 1st TP of 35 misses profits often, and the ADR True does as well. The higher percentage closing earns more money because there's a chance the 2nd TP won't make any pips. If you go to 100% closing, you still earn less.

 

[Magicpip]

However, there could be differences among brokers. I'm also not using the 5 Offset. I'm with IBFX.

 

[michaelhryu]

45 SL, 25 BE, 5 Addpips, 40 BE, 5 Addpips, 30 1st TP, 98% closing, Exit 1, 45 2nd TP, ADR FALSE.

With 5% risk, it earned $919 with a $3000 starting balance between March 26 - today.

The higher the closing percentage, the higher the profits.
Exit 1 allows for the pips that are available at the time. If you use 100% for exit 1, you could miss available profits.

ADR True earns less. The one filter difference between FMT and TMT is the ADR filter.

Basically, your settings are SL45, TP30, BE25, BE+5 Pips, with ADR "false". Right? Your settings make a lot of sense these days. Thanks a lot for your sharing!

 

[michaelhryu]

However, there could be differences among brokers. I'm also not using the 5 Offset. I'm with IBFX.

No more BreakEvenAddPips to "5" for you? Please clarify on this!

Anyway, how do you like using TMT on IBFX platform? Currently, I am in the market for a new broker for trading FMT and TMT, in particular.

I've been with ATC Brokers and FXDD. I am not happy with ATC's slippages when FMT/TMT entering trades. FXDD's spreads are much too high during the FMT/TMT trading hours. Unfortunately, my broker choices are limited to US brokers only under the NFA/CFTC regulations.

 

[Magicpip]

Yes, I use the Break even add pips 5. I was referring to the 5 pip entry offset, I set that at 0.

TMT is doing very well on IBFX. Up 50% since mid March. I used ATC for Megadroid and closed the account. Then switched to FXDD and closed that out. I've been with IBFX since early November.

 

[Magicpip]

BE +5 today

 

[Magicpip]

After reading through Donnaforex forum tonight, and trying out 7 different strategies in the FMT forum in there, including the EU, you can see how much the market has changed since January. Johno is recommending a setting of 50 SL, 18 BE, 20 TP, 30 2nd TP. However backtesting from March 26 through today wasn't that profitable because of the high SL, and the BE.

Using a fixed time of 5:15, 45 SL, 0 1st BE, 20 1st TP, 30 2nd TP, 25 2nd BE, 5 Addpips, ADR False, 5% risk, 50% closing, exit 1 earned $736. If you didn't trade April 22, 26, 27, add an additional $600.

Strategy Tester Report
TurboMorningTrade_EA_1.4
IBFX-MT4-Demo2 (Build 229)

Symbol GBPUSD (Great Britain Pound vs US Dollar)
Period 15 Minutes (M15) 2011.03.27 23:00 - 2011.05.04 23:45 (2011.03.26 - 2011.05.05)
Model Every tick (the most precise method based on all available least timeframes)
Parameters __s1="----- Trading time --------------------"; TradingTimeFrom="05:15"; TradingTimeTo="05:15"; __s1.1="----- Entry type --------------------"; EntryType=1; EntryPipsOffset=0; LimitOrderExpirationHours=2; __s2="----- Stop Loss & Break even --------------------"; StopLossPips=45; BreakEvenAtPipsProfit=0; BreakEvenAddPips=0; BreakEvenAtPipsProfit2=25; BreakEvenAddPips2=5; __s3="----- First Profit target --------------------"; FirstProfitTargetPips=20; FirstTargetClosingPercent=50; __s4="----- Second Profit target --------------------"; SecondProfitExitStrategy=1; __s4_1="----- Second Profit target options --------------------"; SecondProfitTargetPips=30; TrailingStopPips=20; UseAtrTrailing=false; AtrTrailingPeriod=20; AtrTrailingCoef=1; ExitAtOppositeSignal=true; CandlesBack=3; CandlesSLOffset=15; __s5="----- Money Management --------------------"; Lots=0.1; UseMoneyManagement=true; LotsDecimals=2; RiskInPercent=5; MaximumLots=10; __s6="----- Stealth mode --------------------"; UseStealthMode=false; StealthModePips=15; __s7="----- Additional Filtering --------------------"; UseADRFilter=false; UseMomentumBoundary=true; UseLongCandleFilter=true; LongCandleLookBack=15; LongCandleAtr=20; LongCandleCoef=3; Monday=true; Tuesday=true; Wednesday=true; Thursday=true; Friday=true; __s8="----- Other Settings --------------------"; SendEmailAfterSignal=false; CCIPeriod=60; MomentumPeriod=60; VisualStopsMove=true; MagicNumber=12345; CustomComment="TMT"; LabelColor=White;

Bars in test 3674 Ticks modelled 1730734 Modelling quality 90.00%
Mismatched charts errors 4

Initial deposit 3000.00
Total net profit 736.13 Gross profit 1330.13 Gross loss -594.00
Profit factor 2.24 Expected payoff 22.31
Absolute drawdown 39.93 Maximal drawdown 712.84 (16.93%) Relative drawdown 16.93% (712.84)

Total trades 33 Short positions (won %) 14 (85.71%) Long positions (won %) 19 (94.74%)
Profit trades (% of total) 30 (90.91%) Loss trades (% of total) 3 (9.09%)
Largest profit trade 66.00 loss trade -207.00
Average profit trade 44.34 loss trade -198.00
Maximum consecutive wins (profit in money) 26 (1177.51) consecutive losses (loss in money) 3 (-594.00)
Maximal consecutive profit (count of wins) 1177.51 (26) consecutive loss (count of losses) -594.00 (3)
Average consecutive wins 15 consecutive losses 3

 

[Blackstick]

No trade.

 

[chrisandrews12]

BE +5

account up 4.75% this week

I missed that other BE +5 on Wednesday, as I had left my charts on 4h tf ! doh

Anyway happy with this every week! Compounding and all that.

Happy Days,

Chris

 

[3PO]

be +5. Nice start for May, so I have just started to recover the losses suffered in April.