Recent content by phn73

Lots of economic news coming up today- not so sure about this one...

Hello there, No its not the same as the filter you mention. Look at p.18 sect 4.1.1.1 of your FMT manual, and you will see why its a no trade (due to one of the parameters being exceeded).!

Hello Swaledale Trader, If you have a look at post #6495 (p.812 of the journal) you will find some previous analysis provided about this strategy. In addition to this here is some updated analysis taking into account Feb 2011 results for 40/10: Total backtest period: 01 Aug 2010 - 28...

Good Morning, I am trying to figure out what to do with the monthly profits from FOREX trading (nice problem to have!) and I was wondering if the following is recommmended? 50% of profits trasferred to separate bank account. 50% of profits left in FOREX account to ensure account grows. I know...

Hi Lin, From my backtests, (Aug 10 to date) the most consecutive losses for 40/10 has been 2 in a row (4th and 5th January 2011 and 3rd and 5th Aug 2010 - There was a no trade in between these dates). On the positive side, there have been periods of up to 2 1/2 months of consecutive successful...

Hi Geoff, 20/7 is a strategy I have looked at and traded. According to my figures, it has not had a losing month since my figures started (Aug 10), and this includes trading over the Christmas holiday season. From 01 Aug 10 until 31 Jan 11 performance was as follows (again according my...

Hello Ladies / Gents, It has just occured to me that by our publishing of trading signals on this blog as they happen (i.e. at 06:30 exactly), some unscrupulous person could just view this forum and then trade FMT by reading the comments without paying Mark a penny? Given that everyone who has...

DB, Not sure if it satisfies your criteria but 40SL / 10 TP works for me. It gives small but consistent daily gains. Although the risk reward ratio is quite poor, thankfully the losing trades are rare. (According to my figures, the last losing trade for this system was 05/01/11, so it has had...

+10 pips for me. As someone very wise once said - a jar fills drop by drop....

I just spent an awful lot of time analysing previous trades over the last 6 months and comparing different SL/TP combinations! Speciifcally I was looking for a system that would be profitible during December, but I found it was also profitible every month I tested, and thats what got me...

A bit of info about my variation on the FMT strategy - please feel free to shoot holes in it if required! I use the standard FMT system, but with SL=20 and TP= 7. This has given me 7/7 wins over the last few days, and I am currently in profit for January. An interesting point, but this...

Hello there Pipzombie, This was just a "5 minute theory" based on a visual interpretation of the H4 chart. I think for a trending market it may have some merit, but for changeable or flat markets it would be very difficult and perhaps wouldn't make much sense. As you said, everyone has their...

Without resorting to EMA's a look at the H4 chart suggests an uptrend since approx 28th Dec. This gave me an idea - what if you just traded on the 15 min chart as per FMT rules but taking the signal from the direction of the H4 trend instead of the FMT signal, and using same SL and TP and entry...

Just a quick thought - has anyone made a rule to trade FMT only when the FMT indicated trade is in the same direction of the longer term trend (lets say taken from the H4 scale.) I'd be interested to hear from anyone who has done analysis on this. I guess you would have a lot fewer trades, but...

Hello Antonio, I was watching the trade yesterday (trading manually) on Metatrader. At 06:30 exactly, both indicators were negative, for a short trade and the FMT (text) instruction also gave a short trade. However, a few minutes later when the indicators updated, one was above and the other...