ForexMorningTrade System

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.

Many thanks Wise, have since checked the manual and realised I'd got my figures wrong, could have been a costly mistake on my part, keep up the good work!!
 
Stats for 07-15-2011



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...., -45.5, Stats since 02-01-2011: Total= +240.8
Alpari(US)...., Long/Loss...., -44.9, Stats since 02-01-2011: Total= +185.6
MB Trading...., Long/Loss...., -45.1, Stats since 06-21-2011: Total= -34.5
FXCM.........., Long/Loss...., -45.1, Stats since 07-12-2011: Total= -39.9
FXDD.........., Long/Loss...., -45.3, Stats since 07-12-2011: Total= -40.1
 
FMT for me today: *new settings

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

total today -10 pips...

cheers !
 
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