FMT for me today :
6:00 start, No Trade
6:15 start, No Trade
6:30 start, sell trade, hit TP +30 pips
6:45 start, sell trade, hit TP +30 pips
total today +60 pips ..
total for the week so far +243 pips..
Is it possible to do a backtest on those parameters?
Geoff
Is it possible to use the FMT EA with a spread betting account?
SmartLiveMarkets offers spread betting via MT4.
But is there a difference between how the lot price and spreadbet price is displayed?
FMT for me today :
6:00 start, No Trade
6:15 start, No Trade
6:30 start, sell trade, hit TP +30 pips
6:45 start, sell trade, hit TP +30 pips
total today +60 pips ..
total for the week so far +243 pips..
Hey Hammy , What are you SL ?
Hi Hammy,
What Timezone are you in.
Greetings
Is it possible to use the FMT EA with a spread betting account?
SmartLiveMarkets offers spread betting via MT4.
But is there a difference between how the lot price and spreadbet price is displayed?
We were lucky to be kept out of a potential long trade at 06.30 GMT today. Long signals arose at 06.15 and 06.45 and the market did nothing to break out of a tight range until 09.30 news, since which it has gone down like a stone.
==========
Helpful news from Mark Fric yesterday and enclosures talking about testing for settings, optimisation and the pitfalls of curve fitting.
Those who don't know what this is all about could get included for just paying under $100 and signing up properly to the system.
Was an email sent with this info? If so, I did not receive it. I do not see anything post in the members area.
Lady Forex
I did check my spam and I will email Mark. I just wanted to make sure that is how it was sent before I bothered him.
Thank you.
You're welcome. Pity though that sometimes the important stuff doesn't arrive yet the junk keeps on rolling in.
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 trades (Aug 18 until Nov 1st) which obviously is good for the account balance! The only losing month I found to date is -10 pips in August - which I can live with!
Please note most of this info comes from manual backtest data and includes 2.5 pips spread, however, I cannot rule out that I may have made a mistake somewhere, so please don't consider these figures set in stone!
Because the chance of a losing trade on this strategy is less than standard FMT I use a slightly higher risk of 5%. So far I am satisfied with the results I am getting on my live account.
If anyone on this forum is able to input this strategy into metatrader for backtest PRIOR to Aug 10 I would be very interested to see previous years results. I have to confess I only trade and backtest manually and don't know much about EA's or Metatrader backtests - I should really read Mark's new .pdfs and find out how to do this I suppose! :whistling
Happy trading,
Philip.