ForexMorningTrade System

[andybissell]

Short TP +38

FMT Account: £941 (-5.9%)

 

[Slurpeeforex]

July 12th
The trailing SL got hit by a pip or two and then it went all the way down... well, at least there are no losers

Fast FMT: +10

FMT: +3

EFMT: +2

Total: -47, -98, -139

 

[hammy66]

FMT for me today:

6:30 London, sell trade, hit BE +0 pips (45-35-18-0)
8:45 NY. GU, sell trade, hit TP +25 pips (35-25-18-0)
9:00 NY. EU, No Trade.

total today +25 pips.

total for the week +85 pips..

 

[tkbieber]

Stats for 06-30-2011



Live Accounts:

FMT 4.3, 6:15 UK Time, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
FXSolutions..., Stats since 11-08-2010:
http://www.myfxbook.com/members/RedGuerrilla/forex-morning-trade-redguerrilla-real/116521
IBFX.........., Stats since 01-04-2011:
http://www.myfxbook.com/members/RedGuerrilla/forex-morning-trade-eagle41-real/120723



Demo Accounts:

FMT 4.3, 6:15 UK Time, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
PFG Best......, Long/Loss....., -46.0, Stats since 02-01-2011: Total= +135.0
FXCM.........., Long/Loss....., -45.0, Stats since 02-01-2011: Total= +105.8
Alpari(US)...., Long/Loss....., -45.1, Stats since 02-01-2011: Total= +109.9
FXDD.........., Long/Loss....., -45.2, Stats since 02-01-2011: Total= +115.7
MB Trading...., Long/Loss....., -45.8, Stats since 06-21-2011: Total= -141.1



Comments:


June 2011 was my worse month for my live and demo accounts! June stats . . .

Ouch, I'm sorry.

 

[RedGuerrilla]

Ouch, I'm sorry.

Thanks . . . I still believe in the system, will have to be patient . . .

 

[RedGuerrilla]

Stats for 07-13-2011



Live Accounts:

FMT 4.3, 6:15 UK Time, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
FXSolutions..., Stats since 11-08-2010:
http://www.myfxbook.com/members/RedGuerrilla/forex-morning-trade-redguerrilla-real/116521
IBFX.........., Stats since 01-04-2011:
http://www.myfxbook.com/members/RedGuerrilla/forex-morning-trade-eagle41-real/120723



Demo Accounts:

FMT 4.3, 6:15 UK Time, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
PFG Best......, No Trade....., 0.0, Stats since 02-01-2011: Total= +286.3
Alpari(US)...., No Trade....., 0.0, Stats since 02-01-2011: Total= +230.7
MB Trading...., No Trade....., 0.0, Stats since 06-21-2011: Total= +10.8
FXCM.........., No Trade....., 0.0, Stats since 07-12-2011: Total= +5.0
FXDD.........., No Trade....., 0.0, Stats since 07-12-2011: Total= +5.0

 

[hammy66]

FMT for me today:

6:30 London, No Trade +0 pips (45-35-18-0)
8:45 NY. GU, buy trade, hit TP +25 pips (35-25-18-0)
9:00 NY. EU, buy trade, hit TP +25 pips (35-25-18-0)

total today +50 pips.

total for the week +135 pips..

 

[jonnymac]

Long today

 

[sapos]

NO TRADE again!

 

[wiseambitions]

One of the FMT rule limits prevented us trading today, thankfully, although otherwise it would have signalled long, as most other systems would have correctly predicted what it's now doing....falling out of bed for a few minutes!
Only 2 trades so far this week, 2 days off in a row. Not unheard of.

 

[rjfilkins]

One of the FMT rule limits prevented us trading today, thankfully, although otherwise it would have signalled long, as most other systems would have correctly predicted what it's now doing....falling out of bed for a few minutes!
Only 2 trades so far this week, 2 days off in a row. Not unheard of.

Hi Wise,

noted your comments which are always welcome. Although my robot signallled a "no trade", I didn't understand why, both signals were in a "buy position", perhaps you'll be kind enough to explain your views in a little more depth, many thanks.

 

[RedGuerrilla]

Stats for 07-14-2011



Live Accounts:

FMT 4.3, 6:15 UK Time, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
FXSolutions..., Stats since 11-08-2010:
http://www.myfxbook.com/members/RedGuerrilla/forex-morning-trade-redguerrilla-real/116521
IBFX.........., Stats since 01-04-2011:
http://www.myfxbook.com/members/RedGuerrilla/forex-morning-trade-eagle41-real/120723



Demo Accounts:

FMT 4.3, 6:15 UK Time, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
PFG Best......, No Trade....., 0.0, Stats since 02-01-2011: Total= +286.3
Alpari(US)...., No Trade....., 0.0, Stats since 02-01-2011: Total= +230.7
MB Trading...., No Trade....., 0.0, Stats since 06-21-2011: Total= +10.8
FXCM.........., No Trade....., 0.0, Stats since 07-12-2011: Total= +5.0
FXDD.........., No Trade....., 0.0, Stats since 07-12-2011: Total= +5.0

 

[grahamstuart]

Hi Wise,

noted your comments which are always welcome. Although my robot signallled a "no trade", I didn't understand why, both signals were in a "buy position", perhaps you'll be kind enough to explain your views in a little more depth, many thanks.

don't know which broker you are using but on mine and looking very closely at the indicators, (without giving anything away), you might see one of the buy readings is outside its recommeded parameters

cheers

 

[rjfilkins]

don't know which broker you are using but on mine and looking very closely at the indicators, (without giving anything away), you might see one of the buy readings is outside its recommeded parameters

cheers

Thanks for that, I'm using Alpari, but the indicators on mine were certainly (if marginally) in a "buy" position, however the robot didn't trade so still don't understand. Because of the positive signals, I traded manually with a 10/40, and reached my scalp which was nice, but I do have cause for concern with the signal conflict, many thanks Graham.

 

[JohnnyBme]

Thanks for that, I'm using Alpari, but the indicators on mine were certainly (if marginally) in a "buy" position, however the robot didn't trade so still don't understand. Because of the positive signals, I traded manually with a 10/40, and reached my scalp which was nice, but I do have cause for concern with the signal conflict, many thanks Graham.

I also trade Alpari (US), and if you check Mark's manual, I think you'll notice that one of the indicators was higher than the accepted parameter. In TMT this is a parameter that you can set to ignore if too "positive", but I wouldn't.

 

[rjfilkins]

I also trade Alpari (US), and if you check Mark's manual, I think you'll notice that one of the indicators was higher than the accepted parameter. In TMT this is a parameter that you can set to ignore if too "positive", but I wouldn't.

Thank you for for your response, will check my documents again!!

 

[itsam]

NO TRADE signal today

 

[andybissell]

NT yesterday and today,

FMT Account: £941 (-5.9%)

 

[hammy66]

FMT for me today:

6:30 London, No Trade +0 pips (45-35-18-0)
8:45 NY. GU, No Trade +0 pips (35-25-18-0)
9:00 NY. EU, buy trade, manual stop +0 pips (35-25-18-0)

total today +0 pips.

total for the week +135 pips..

 

[wiseambitions]

Hi Wise,

noted your comments which are always welcome. Although my robot signallled a "no trade", I didn't understand why, both signals were in a "buy position", perhaps you'll be kind enough to explain your views in a little more depth, many thanks.

The developer has decided that when there is too much impulse in the market it is more likely than not to be the case that most of the price action has already occured, and that there's not enough probability of getting full TP. Therefore he put a boundary to one of the indicators to say if it is above or below such extremes then the system should not trade. The way the market had behaved since the last part of London session and all of the overnight caused this filter to kick in and that's why the system did not trade.