ForexMorningTrade System

[jonesrp]

And 32 pips...For me the secret is not to watch it , just leave the Ea alone. Otherwise I think I might have bailed out earlier. Well done Aspex, I see you have invested...

 

[aspex]

And 32 pips...For me the secret is not to watch it , just leave the Ea alone. Otherwise I think I might have bailed out earlier. Well done Aspex, I see you have invested...

Yes, It seemed worth a go.
The one thing I did was to let it have its head for a while, but I do admit to watching for the second break downhill and readjusting SL and TP to my own idea mid way.😀

 

[bluedancer]

At what price did you enter or do you not use the Stop Loss to BE?

I had the EA enter for me (though my impulse was to enter early)
I pulled my BE off the trade as I was seeing the strong descending channel and realized a test of the top and a bounce back down was really possible, as well stochastics was good for fresh sell, EW count is downward... and a few other indicators held a strong sell.

 

[jacquespienaar]

I had the EA enter for me (though my impulse was to enter early)
I pulled my BE off the trade as I was seeing the strong descending channel and realized a test of the top and a bounce back down was really possible, as well stochastics was good for fresh sell, EW count is downward... and a few other indicators held a strong sell.

Thanks for the explanation. Well done👍

 

[bluedancer]

Thanks for the explanation. Well done👍

This is a sample of my QW lines with shallow slopes against the descending channel

The two horizontal lines were my targets for the move

I am now off to BED!

 

[Smiffy42]

Smiffy that SMA indicator would be good
Thanks

Here you go Geoff 👍
View attachment Adjustable_MA.mq4

 

[Nod]

Hi all,

I plan to buy the system today and probably a few questions I have are covered in the manual, but...

I live in south Florida, so does that mean I will trade this at 1:30 a.m. (and will time change back to EST affect this)?

Also I just got into a demo MTL4 account, and I'm not familiar with it (my current broker does not offer it). With this platform can you make a trade that carries with it an SL and TP or do you have to enter the trade and then modify it with an SL/TP? Finally, can you set SL/TPs with pips (ex. 40) or do you set them with 4 to 5 place currency quotes?

Your help would be greatly appreciated. I really am looking forward to joining the early (for me) morning gang.

Nod

 

[ihelfman]

Hi all,

I plan to buy the system today and probably a few questions I have are covered in the manual, but...

I live in south Florida, so does that mean I will trade this at 1:30 a.m. (and will time change back to EST affect this)?

Also I just got into a demo MTL4 account, and I'm not familiar with it (my current broker does not offer it). With this platform can you make a trade that carries with it an SL and TP or do you have to enter the trade and then modify it with an SL/TP? Finally, can you set SL/TPs with pips (ex. 40) or do you set them with 4 to 5 place currency quotes?

Your help would be greatly appreciated. I really am looking forward to joining the early (for me) morning gang.

Nod

You can trade with an EA that can be set with a SL, TP, BE and TS, though the TS is not recommended. No need to worry about four or five places.

 

[hammy66]

Hi all,

I plan to buy the system today and probably a few questions I have are covered in the manual, but...

I live in south Florida, so does that mean I will trade this at 1:30 a.m. (and will time change back to EST affect this)?

Also I just got into a demo MTL4 account, and I'm not familiar with it (my current broker does not offer it). With this platform can you make a trade that carries with it an SL and TP or do you have to enter the trade and then modify it with an SL/TP? Finally, can you set SL/TPs with pips (ex. 40) or do you set them with 4 to 5 place currency quotes?

Your help would be greatly appreciated. I really am looking forward to joining the early (for me) morning gang.

Nod

Yes, start time 5:30 GMT will be 1:30 am. for you now, 12:30 am. when you go to EST.

 

[hammy66]

I hit BE this morning, missed my TP=30 by only 2 pips before retracing to BE.

Oh well, nothing lost ! ... good luck tomorrow !

 

[Nod]

Hey, Hammy & Ihelfman:

Thanks for your quick replies. Very helplful to me. So, the next splash you hear will be me diving into this system, hopefully to be in for a refreshing swim -- and not a drowning :^)

 

[aheart]

I already smell the pips then suddenly it just vanished 🙁

 

[dlmunyon]

For those interested, there is a chat group dedicated to FOREX MORNING TRADE for its members. Send a message to fx.ron on skype to be added.

how does one send this message???🙂

 

[dlmunyon]

how does one send this message (who to???)

 

[hammy66]

Hey, Hammy & Ihelfman:

Thanks for your quick replies. Very helplful to me. So, the next splash you hear will be me diving into this system, hopefully to be in for a refreshing swim -- and not a drowning :^)

Good luck mate ! and welcome to the FMT family !..:clap:

You will be pleasantly surprised with this system and EA..👍

cheers !..😉

 

[bluedancer]

how does one send this message???🙂

You need a username with Skype and then go to contacts, add contact and when you ask to add him, there will be a message box. You need to be a purchaser of FMT for him to accept.

 

[JOHNCO]

Hello, I have 2 accounts with FXDD, I was running 2 EA's, FMT and another. After a few days I decided to run FMT on the second account. Last night they both took a sell. What I noticed is that one set TP and SL and the other did not. one hit TP 30 pips and closed, the other stayed open until it reversed, I closed at 20 pips. Is there a conflict between the 2 EA's trading at the same time or do I have to change the magic number on one? If any one has experienced this, your feedback will be helpful.

JOHNCO:?:
PS. overal +50 pips

 

[Skivers]

HI I am a new boy here.

40 pips on my demo today but I am still unsure I have my times correct

Would someone mind throwing up a chart with the blue line for today so I can check against my chart that my times are correct for my broker - The Collective.

Thanks and all the best

Thanks

 

[Smiffy42]

Hi Skivers,
The correct time is 1.5 hours before the London open.
Charts uploaded here may give the game away to non members.
Regards,
Paul.

 

[Skivers]

Hi Skivers,
The correct time is 1.5 hours before the London open.
Charts uploaded here may give the game away to non members.
Regards,
Paul.

Ahh, I didn't think of that!

Can you tell me, Is the 1.5 hours before market open effected by British Summer time?

i.e. do we alter our entry point twice a year?