Year-to-date results with Mark's new settings (45/35/25/5)
If those results you put up are accurate there's a convincing benefit for trading 06.15 rather than 06.30 !
Hopefully normal performance has been restored!
As you know I monitor the gains and losses of various settings, for example with reference to the last 100 observed trades which at the moment relate to sessions since the start of November, covering exactly 6 months and allowing for the 20 to 25% of the time we don't get signals.
Christmas, New Year and Easter have been bad patches, so for anyone who stayed away the bad days they might have done better than the following numbers
10/40 +550
40/40 +480
28/40 +420
43/65/BE@20 +399
35/40/BE@20 +275
results from the last 200 trades, going back to mid April 2010
10/40 +1320
40/40 +2000
28/40 +1860
43/65/BE +1685
35/40/BE +1715
Which time do You trade?
Elovv
Same here, foggy, with my first FMT trade +55 pips. This is my first trade period after many long hours of forex school at baby pips. A good start but I know that they all won't be like this. I have been lurking in this forum reading many posts and decided to break the ice today.I managed to make 55 pips with FMT this morning - I forgot that the EA manages the SL and TP, and turned off MT to stop me keep watching it bothering about what it would do - turned it back on later for a pleasant surprise. Bonus!
If those results you put up are accurate there's a convincing benefit for trading 06.15 rather than 06.30 !
I am still confused about the trade times.
I use Alpari Uk from my home city of Ottawa, Canada.
UK time is five hours ahead of Ottawa time here in the EST zone (Eastern Standard Time) .
This morning my FMT program did a successful trade for $35 profit with the program set for 7:15 am UK time.
Is Coral's result suggesting that I consider switching the FMT time setting to 6:15 am?
Also , there are people who seem to be doing three trades at different 15 minute intervals every morning. I'm not lazy, especially when it comes to motivation to find a way to make money. The problem is that I am just so new to this that I don't understand enough to get much out reading through the posts here.
Most of it just confuses me. I am thinking of ordering some type of basic learning book like Forex for Dummies to get a handle on just the basics of what is going on, hopefully worded in terminology that the average person in recovery from a few concussions and fluoride and beer-induced brain damage can understand.
I am still in just a demo account and would possibly like to try this
triple trading time system,so if anyone can direct me to a post that explains how to do it.
Also , please answer the first question of whether Coral's result means that I should consider a switch to 6:15?
SLM 06.15 Short....eventually!