so what is the signal anyway now
Hi everyone.
Re: 7tp/20sl and 10tp/40sl
Bit puzzled by your enthusiastic interest in these numbers guys.
The test between Dec 09 and Feb 11 covers 243 trades that had a signal on FMT. I didn’t record any data of a swing less than 20 pips (to account for the 20BE in the stats) so would have to go right back to the beginning to get figures on these sets – another 40/50 hours at least. I wouldn’t mind doing that if I thought it worthwhile. But just consider the following:
The worst performing set in the test (30tp/40sl) produced 1803 pips.
At 7tp/20sl even if every single trade was a winner, that would only be 1701 pips (243 x 7)
And at a ratio of 7/20, you would have to win 180 of the 243 trades (74%) just to break even.
At 10tp/40sl again if 100% of trades were winners – 2430 pips.
And at a ratio of 10:40 (1:4) you would have to win 195 of the 243 trades to break even.
Or am I missing something?
Mike
Frankfurt clearly doesn't see the day as FMT does at the moment, thought we were going to get taken out on their 1st candle! -fingers crossed!
Morning All,
FXDD- I had to move my 'start time' forward 1 hour.
Anyway.
EA Long @ 1.60759
GL all
M
Hi everyone.
Re: 7tp/20sl and 10tp/40sl
Bit puzzled by your enthusiastic interest in these numbers guys.
The test between Dec 09 and Feb 11 covers 243 trades that had a signal on FMT. I didn’t record any data of a swing less than 20 pips (to account for the 20BE in the stats) so would have to go right back to the beginning to get figures on these sets – another 40/50 hours at least. I wouldn’t mind doing that if I thought it worthwhile. But just consider the following:
The worst performing set in the test (30tp/40sl) produced 1803 pips.
At 7tp/20sl even if every single trade was a winner, that would only be 1701 pips (243 x 7)
And at a ratio of 7/20, you would have to win 180 of the 243 trades (74%) just to break even.
At 10tp/40sl again if 100% of trades were winners – 2430 pips.
And at a ratio of 10:40 (1:4) you would have to win 195 of the 243 trades to break even.
Or am I missing something?
Mike
I know we had to move our clocks ahead here in the US but are you sure FXDD adjusted there time?
I know we had to move our clocks ahead here in the US but are you sure FXDD adjusted there time?