Switch off FMT

[lumbco]

Since we have had two successive wins the chances of a third must be diminished.

Is anyone considering switching off the EA tomorrow?

 

[TheBramble]

Already switched mine off.

No point pushing it.

 

[megamuel]

My last 6 trades have been either wins or break evens. No losers. What settings are you using? Having 2 successive wins WILL NOT "diminish the chances" of having a 3rd successive win. Leave it on, thats the whole point of an EA. Sure, tomorrow could be a losing day. Then what will you do if you have turned it off? Will you keep it off for the 4th day? The EA is there on purpose to stop us making decisions based on fear and greed. Leave it switched on!!!

 

[megamuel]

Oh and lumbco, TheBramble is just winding you up - He doesn't use FMT and never would! But if he did, he would say "Leave it on!" 🙂

 

[lumbco]

Oh and lumbco, TheBramble is just winding you up - He doesn't use FMT and never would! But if he did, he would say "Leave it on!" 🙂

Thanks for your advice.

I have decided to leave it on rather than off or at reduced risk.

I use the method developed by Hammy66 with 4 trades at half hour intervals. I think that the results are astounding.

I am setting up forward demo testing to try standard risk for a short and reduced risk for a long.

Good luck

 

[megamuel]

Well I'm not too sure about Hammy's method but still I'd leave it on and let the EA do the work. Good luck.

 

[Trader333]

Since we have had two successive wins the chances of a third must be diminished

This is not true and is known as gamblers fallacy but usually in reverse, ie if you havent had a win in ages the belief is that the chance of winning next time must be higher.


Paul

 

[dreamworks]

I switch off FMT for now.

 

[megamuel]

I switch off FMT for now.

Why?

 

[megamuel]

Great, me saying to leave FMT on, I didn't get home in time to switch the thing on and ended up missing the trade... Which of course was a winner. I blame alcohol and women...