ForexMorningTrade System

So, I downloaded and installed 4.3. Mark said that it fixes some MM issues. What issue exactly does it fix?
 
Morning All,

Open trade.

Buy @ 1.61883. (FXDD live acc EA)

Not sure how it will play out as it is buying into resistance. But rules are rules and only time will tell.

GL

M
 
LadyForex - good to feel nervous in this game. Plenty of traders pull out with a profit, rather than hold for a full loss, hence I'm happy with 50% @ 10pips and 50% @ 28pips.
Ezmai - keep up the good work!!!
Chris
 
Stats for 02-22-2011



'Live' Accounts:

FMT 4.2, FXSolutions, dealing desk, no trade, 0.0 pips
My stats since 11-08-2010: 17 No Trades, 19 Break Evens, 20 Losses, 20 Profits, Total: -122.0 pips
Pips include slippage, using EA standard settings: 40 SL, 20 BE, 35 TP


FMT 4.2, IBFX, non-dealing desk, sell trade, 1.61638, 1.61641, -0.3 pips
My stats since 01-04-2010: 8 No Trades, 9 Break Evens, 8 Loss, 11 Profits, Total: +50.8 pips
Pips include slippage, using EA standard settings: 40 SL, 20 BE, 35 TP




Demo Accounts:

FMT 4.2, non-dealing desk brokers, 4:sell/Break Even
PFG Best, sell trade, 1.61642, 1.61643, -1.0
FXCM, sell trade, 1.61640, 1.61640, 0.0
Alpari(US), sell trade, 1.61643, 1.61643, 0.0
FXDD, sell trade, 1.61642, 1.61642, 0.0



Testing new tweaked settings, based on back testing. For more details, see Post #5659, page 708:

FMT 4.2 EA, GBPUSD M15 Chart, UK time zone.
Using PFG Best Demo Account, Settings: SL=40, TP=30, BE=20, BE+5 pips
6:15 start, sell trade, 1.61682, 1.61381, hit TP=+30.1 pips ... :)
My stats since 01-20-2011: Total: +158.7 pips
Comparing with FXSolutions live account since 01-20-2011: Total: +114.0 pips



Testing other systems, subject to back testing.
Lost my back testing system, and I don't have time right now to get it back.

FMT 4.2 EA, GBPUSD M15 Chart, UK time zone.
Using PFG Best Demo Account, Settings: SL=40, TP=30, BE=20, BE+5 pips
13:15 start, sell trade, 1.61550, 1.61954, hit SL= -40.4 pips ... :-(
My stats since 02-01-2011: Total: -118.4 pips

FMT 4.2 EA, EURUSD M15 Chart, UK time zone.
Using PFG Best Demo Account, Settings: SL=40, TP=30, BE=20, BE+5 pips
13:15 start, no trade, 0.0 pips ... :-|
My stats since 02-01-2011: Total: +72.9 pips
Comparing with FXSolutions live account since 02-01-2011: Total: +89.0 pips

FMT 4.2 EA, EURUSD/USDCHF M15 Chart, UK time zone.
Using PFG Best Demo Account, Settings: SL=20, TP=7, BE=0
23:00 start, EURUSD, no trade, 0.0 pips
23:00 start, USDCHF, no trade, 0.0 pips
Total for both trades: 0.0 pips ... :-|
My stats since 02-03-2011: Total: -11.6 pips
 
"Hmmm! I was wondering about 'tkbieber'. Shame."

And so was I- so much so I have gone over all the posts by tkbieber and reported them- asking for removal including any reference to the said, 'trading system'

Trade2Win has always been in the spirit of fellow traders helping each other to achieve. When somebody uses a bought trading system it's great they may want to 'enhance it' for the good of us all-but to try and 'sell it on' is beyond belief!!

So shame on you and I hope Trade2Win take the appropriate action against you!
 
Hi,

Well done to all who got out with 35/40pips.

I changed my setting to tp43 (as per deserteagles settings), so I'm still in, but sl=be, so not too worried. Would be interesting if the trade closes out at be, as it would be the first time in 10 weeks that a trade went to 35pips, but not 43pips.

Fingers crossed

M
 
Trading with Alpari UK --- 35 pips, 20 BE, 40 SL (standard settings).

9 wins (1st, 2nd, 4th, 7th, 10th, 11th, 15th, 17th, 23rd)
2 Losses (8th, 14th)
3 B/E (9th, 16th, 22nd)
2 NT (3rd, 18th)

TOTAL= (+315pips)+(-80pips)=235 pips for the month so far --- WOW!!!
 
Hi,

Well done to all who got out with 35/40pips.

I changed my setting to tp43 (as per deserteagles settings), so I'm still in, but sl=be, so not too worried. Would be interesting if the trade closes out at be, as it would be the first time in 10 weeks that a trade went to 35pips, but not 43pips.

Fingers crossed

M

Update.
Missed BE by 2.3pips :)

Sl manually moved to BE +10

M
 
FMT for me today :

6:00 start, buy trade, hit TP +30 pips
6:15 start, buy trade, hit TP +30 pips
6:30 start, buy trade, hit TP +32 pips
6:45 start, buy trade, hit BE

total today +92 pips .. :)

total for the week so far +183 pips.
 
Hi,

Well done to all who got out with 35/40pips.

I changed my setting to tp43 (as per deserteagles settings), so I'm still in, but sl=be, so not too worried. Would be interesting if the trade closes out at be, as it would be the first time in 10 weeks that a trade went to 35pips, but not 43pips.

Fingers crossed

M

I'm walking with you to the 43TP :)
 
WiseAmbitions - and others who backtest long term (??? !!!!!!)

If you've got data going back a bit ( 2007 or before) - and you're concerned about poor performance in previous years (the dreaded when will it happen again) - put 'Volumes' on your daily chart and keep clicking '-' to zoom out view - you should see that the increased 'volume' has enhanced the performance of FMT (ie since 2008 -2009). IMHO the increased 'volume', 'volatility' , has made FMT what it is. I'm working on the idea that low volume, volatility in the Asian session reduces the reliability of FMT. If you look at the last few hours of Asia during Christmas , you'll see the reduced activity.
Wise, I perceive a filter based on this low activity in the Asian session. It's kind of credible, low activity pre the signal time, will reduce the effectiveness of any signal.
 
Top