Recent content by catfish911

I'm feeling like a gooseberry in this forum, you two want to start your own (private) forum? :lol: Looks like most people are staying out of trading the bank holidays, although I would imagine a lot of UK traders will have taken off the Tues to Thurs also, so could be GBP thin volume all...

Yet another +30 favourable rise before the big reversal... luckily my EA didn't open the trade today, although Buy rules were met. By the time I saw the indicators off the scale and the big rise that had already happened at 7:00am I thought I would take a day off trading today (luckily, as no...

Looks like us non-BE boys and girls came good today - but got our a**es kicked last week not using it! Swings and roundabouts, isn't forex fun....

Out of Sell at TP +35 Alpari UK, very suddenly on the 9:30 spike down

Don't be hasty in writing off Monday trades because the last few have been indifferent or losing... I analysed my data by day of the week for 2009/2010 using 35/48 no BE, 2009 Mondays had a 79% win rate and 2010 Mondays had 75% win rate. Oddly that made 2009 Mondays the day of the week with...

Hi Lumbco, As you are demo trading my settings 37/48 no BE, please note I have lowered TP to 35 from 37 due to spread, my testing shows it does not affect profit too much due to improved win rate compensating for the loss of 2 pips per winning trade. Otherwise feel free to test at original...

Goes back to what I said yesterday - was tempted to go BE after the run of '+30 gains then reverse past SL' losses this week, but knew the day I changed from my settings would be the day I would win without BE... Out at +35 today. I have decided to reduce my TP setting by 2 pips from 37/48 to...

Out at -48 again after skimming a few pips from TP for fourth trade in a row. Only time I've seen four consecutive losses in FMT was one week in 2010 and one in 2009. Hopefully this is the one 4 loss week for 2011! But as everyone says on this forum (who actually make a profit), stick to your...

Hi, I agree with you and Wise, on some days it's hard not to resist 'tweaking' your settings (re today: why oh why don't I use BE??!) but it's always best to stick with the settings that you've backtested and are comfortable with. I was wondering why every losing trade this January felt so...

As an aside, in my spread betting account I loaded trade as the normal FMT Sell 37/48, and also set the reversal trade as a Buy at 1 pip over FMT trade SL, at 35/29 - that came good (very quickly!) So only -13 pips there today. Looks like my insurance policy paid off there today... If I'd used...

Zoinks, out at SL -48, quick and dirty. No BE for me, sometimes a good thing but not today, ho hum... Still, stick to the rules and FMT should come good in the end, better luck tomorrow everyone

I had a no trade today on Alpari UK, as one parameter was exceeding stated level per rules. Let's get set for tomorrow! As an experiment, I was looking at setting a reversal trade order, in the opposite direction of the FMT trade, at say 1 pip below below FMT trade's SL. I use TP37/SL48, so...

Could you try to help us in understanding also the influence of Entry time. People are speaking here about 6:00, 6:15.... what ever could you try to give us a view on what would be the results of those settings and try to make a matrix of the criterias: SL / TP / Time Thanks for your helps...

Long trade out today at +37 on Alpari UK. This was the trade that should have happened yesterday, after days of selling I thought a Buy was good yesterday to catch a minor retrace. Price got down to previous swing low and I was still in but then I don't know why there was that sudden further...

Hi Chris, I compound Daily ie take my closing account balance each day and apply the risk % I use and then compute lot size for the EA for next day's trade based on that. Probably the most aggressive method to use, I guess it's down to personal preference at the end of the day, I don't think...