Great journal. Thanks for taking the time to share.
Quick question - are you trading based on his advanced training course, or simply based on the free booklet?
And are you trading set and forget or are you monitoring the trades, letting trades run if they are trending well?
hammy - i'm following your trades mate!
with alot of interest. i'm impressed with the results you're getting.
how long have you been trading those 3 time slots? and with what sort of results over that period?
thanks.
hi hammy,
been away from this thread for quite a while. thought i'd take another look. looks like you've evolved the way to trade this ea since then.
do you mind me asking about your settings?
08:00 UK time. TP: 30pips. what is your SL here?
08:45 NY time. TP? SL?
14:00 NY time. TP? SL...
holiday trading...there is no right or wrong. i think it can go either way, and everyone needs to make up their own mind on how they want to trade.
i think the most important thing is that you stay consistent - whichever you choose. if you pick and choose sporadically - that is when you stuff...
from my following of 2 of the pairs, he would've had to take re-entries to get decent profit. a few of the trades i took which exited soon afterwards. it was the re-entry which followed which produced the nice trend and profit.
i'm reverting back to closing half my trade at SR and closing the...
Hi,
I'm a programmer but am new to the world of MT4 programming.
Just wanted to know if:
1. I currently own a commercial manual trading system which runs on MT4.
2. I want to try my hand at coming up with an EA to automate the system.
3. The manual system is based around alignment of multiple...
Where are you seeing Jim's results? I haven't seen him update his blog yet.
The only way to get a +ve result last month using FPM was to take all the re-entries towards the end of the month. There were a number of clear exits, and then re-entries if you were game enough to take them.
how's everyone going with FPM?
well November was a loss month for me. i'm still waiting for jim to post up his results into the blog.
i think from now on, i'm going to split my lots up: half i will close out at resistance/support and the other half i'll let run until an exit arrow is given...
You guys who closed out trades on Friday did well.
Looks like its going to be a losing month if you're strictly trading by the FPM rules...like me! We still have a few more trading days left in November, but I don't see us recouping all these losses.
Ah well...every system has to have its draw...
support/resistance levels will certainly help to reduce your losses during ranging markets which we've had recently. A very valid strategy - glad its working for you.
Jim utilises Fast Trend cross overs and exit arrows for the majority of his exits to get the results on his blog. If I can get...