Recent content by trader578

Meshgh, unfortunately you do not understand the law of probability. Probability hath no memory, and future performance of this system is independent of what has happened in the past. The best we can do is estimate what might happen in the future based on long term results of the past, and the...

If you want to trade manually and apply the long candle filter, then I suggest you put the ea on a demo account with the long candle filter set to true. Then all you have to do is copy what the ea does on your live account.

I think it is reassuring and comforting that no matter whether FMT is profitable or not this week, Mark Fric will make more money than all of us combined thanks to the beauty of affiliate marketing. :rolleyes:

Mark, Thanks for a great system. If you are still around, could you please comment on why the FMT system fails so dramatically prior to 2007? What are the fundamental characteristics of the GBPUSD that is different since 2007, and do you believe we are ever likely to see a return to pre-2007...

Isn't today a holiday in the UK? Just wondering if some of the veterans have any ideas why today price action was relatively normal at the London open - compared to other holidays like Good Friday where price barely moved before the open, and then it suddenly moved erratically? Is Victoria day...

Hi Coral, Thanks for your analysis on the NY open times. Since the premise of FMT is to trade a thinly traded-pair GBPUSD in the Asian session, and rely on the volume surge during the London open - it might be useful to test a thinly traded-pair in the London session, and rely on the volume...

I wonder if the execution delays at 6:15 and 6:30 are a recent global forex phenomenon? I have been getting delays from 10 seconds to 1 minute for the past month on GoMarkets.

I think we can all endeavour to be traders of FMT, but one way or another we also investors of our own currency. Perhaps the best way to think about it is what do you think will be the most valuable currency in the world one year from now? If you think it is EUR, then set up your trading...

My country's currency is CAD which I think will hover near parity with USD for several years. So just by having an account in EUR, I am essentially long EURUSD even if I don't place a single trade. I am a trader, not an investor so I wouldn't tie up margin by placing a long term buy on EURUSD...

Hi guys, since were not trading FMT tonight, just thought I would get your opinion on the base currency of your account? I think this is something that is easily overlooked. Right now my base currency is USD, but I am thinking of setting up a new account in EUR. Why? - because I believe the...

I am a recent convert to believing in the power of all UK and US holidays - and will no longer be trading any of these days. I wonder why Mark doesn't practice this in his journal? I think it would dramatically improve FMT performance.

Thanks for the comments Podberry and Tkbieber. And thanks for the links Tenapenny. Very interesting stuff. As the world becomes more global and more computerized, I wonder if our traditional boundaries of what constitutes a city like London still hold true in cyberspace? However, I suppose...

I am from Canada, and I like to make wild assumptions, but what do you guys from Europe think about this theory? I believe the UK bankers make up a small percentage of the total trading of the pound worldwide. The US is by far the largest economy in the world and I am sure US bankers have...

For those that don't know, Good Friday is not a Bank Holiday in the US. So volume should pick up soon. Personally, I think the US banks like to start trading at 3am ET (8am UK time). ;)

Hello All, I am an original FMTer. I bought the system in Sept 2010. I don't see the benefit of moving the stop loss to 45. I am keeping it at 40. Don't much care about backtests because they have their limitations. I will be sticking to 40SL. In fact, I am sticking to 40TP also because I...