Hey Hammy , What are you SL ?
chrisheath
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Quote:
Originally Posted by chrisheath
Hi,
I am currently trading 40 ST , with 50% off at 10 pips, (then BE for rest) 50% off at 28 pips. I was slow on the draw today (taking profit), so did considerably better.
I like the steady consistent wins, low drawdown, and low number of losses. (OK Xmas wasn't so good). And yes, total pips is less, but who cares? I can trade a bigger size, with a clear mind. I trade 2% on shorts, 1% on longs.
Regards, Chris
You would have to split the backtest into separate shorts and longs. You could then backtest with TMT, in one go (for each). Or test the 2 target points separately in FMT. I tend to do a series of backtests in one go, using different parameters. This reduces the effects of different spreads, 'data' issues etc. (eg I backtest using Alpari-UK, which can have holes in data of up to 2 weeks) I have backtest data from Jan, which is now out of date! I'm planning to re-do at end Feb. I see WiseAmbitons posts really useful up to date backtest data.
(I tend to concentrate on longer term backtesting, so its quite time-consuming. Also, I like to run optimisation tests, which are lengthy , which is really the point of backtesting, since the specific optimum target points may change.)
Regards, Chris
Originally Posted by chrisheath
Hi,
I am currently trading 40 ST , with 50% off at 10 pips, (then BE for rest) 50% off at 28 pips. I was slow on the draw today (taking profit), so did considerably better.
I like the steady consistent wins, low drawdown, and low number of losses. (OK Xmas wasn't so good). And yes, total pips is less, but who cares? I can trade a bigger size, with a clear mind. I trade 2% on shorts, 1% on longs.
Regards, Chris
You would have to split the backtest into separate shorts and longs. You could then backtest with TMT, in one go (for each). Or test the 2 target points separately in FMT. I tend to do a series of backtests in one go, using different parameters. This reduces the effects of different spreads, 'data' issues etc. (eg I backtest using Alpari-UK, which can have holes in data of up to 2 weeks) I have backtest data from Jan, which is now out of date! I'm planning to re-do at end Feb. I see WiseAmbitons posts really useful up to date backtest data.
(I tend to concentrate on longer term backtesting, so its quite time-consuming. Also, I like to run optimisation tests, which are lengthy , which is really the point of backtesting, since the specific optimum target points may change.)
Regards, Chris
deserteagle
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Hi, this week closes earlier with the No Trade of today.
Here you have my weekly update, I have added a comparison using MM.
Have a nice weekend :cheers:
Here you have my weekly update, I have added a comparison using MM.
Have a nice weekend :cheers:
wiseambitions
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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.
==========
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.
superman001
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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?
SmartLiveMarkets offers spread betting via MT4.
But is there a difference between how the lot price and spreadbet price is displayed?
I can't be sure because I do not use EAs
1 lot with SLM is always 1 Pound per pip, whereas I lot on a normal MT4 account is a variable approx 6 Pounds per pip.
Unless someone with real experience of an EA with SLM posts, then I suggest that you try it out on a demo account until you know the answer. Best to make any mistakes with a demo account before going live
I'm in Canada, EST.
Tenapenny
Experienced member
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When using the EA in SmartLive spreadbet account the Lots equal £s i.e. 1 lot = £1 or 0.10 = 10 pence etc. Be careful when opening an account though, make sure you are applying for a spreadbet account and not cfd which they also offer.
Lady Forex
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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
Tenapenny
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Received an email from Mark yesterday. I would check your spam folder just in case, if not there, email Mark to re-send it to you.
Lady Forex
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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.
Thank you.
Tenapenny
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You're welcome. Pity though that sometimes the important stuff doesn't arrive yet the junk keeps on rolling in.
Lady Forex
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Very true.
Hi Philip
Thank you for this information. It is good to know and does give confidence to trade with 5%. Even if we doubled the consecutive losses to 4 we will make that back and a loss in a month is also not the end of the world. It happens with every method of trading.
The point being that we will be making consistent profits.
I am trying to learn how to backtest the EA. I will let you know if I succeed.
Kind regards
Lin
Thank you for this information. It is good to know and does give confidence to trade with 5%. Even if we doubled the consecutive losses to 4 we will make that back and a loss in a month is also not the end of the world. It happens with every method of trading.
The point being that we will be making consistent profits.
I am trying to learn how to backtest the EA. I will let you know if I succeed.
Kind regards
Lin
I have now decided to double up on the best 2 start times instead of the 4 start times. I have figured that 6:00 and 6:45 are not getting me as much as using just 6:15 and 6:30 on both brokers, so doubling up !
Starting Monday: only 6:15 and 6:30 start times, using SL=55, TP=30, BE=15 on both.
cheers !
Starting Monday: only 6:15 and 6:30 start times, using SL=55, TP=30, BE=15 on both.
cheers !
I have been following your multiple trades using a demo account, I can confirm that my results are identical to yours.
I have followed your lead and cut out the 06:00 and 06:45 trades and have introduced a small variation.
WISE has observed that a differential for buy and sell trades could realise more profits. I have demo'd this and he appears to be correct
My grateful acknowledgment to you Wiseambitions.
Starting Monday my demo trades will split each remaining time of 06:15 and 06:30 into two parts, my standard risk for shorts and a reduced risk for longs.
Once proven I intend to go live.
Thanks again for your research.
I have followed your lead and cut out the 06:00 and 06:45 trades and have introduced a small variation.
WISE has observed that a differential for buy and sell trades could realise more profits. I have demo'd this and he appears to be correct
My grateful acknowledgment to you Wiseambitions.
Starting Monday my demo trades will split each remaining time of 06:15 and 06:30 into two parts, my standard risk for shorts and a reduced risk for longs.
Once proven I intend to go live.
Thanks again for your research.
