wiseambitions
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I think it only ever offered me 2 pips today, it was one of those which defied all the signals completely. Took a long time doing it though!
Well I followed the rules and gave up 40 pips. grrrrrrrrrrrrrrrrr
I think it only ever offered me 2 pips today, it was one of those which defied all the signals completely. Took a long time doing it though!
Hi Everyone,
I m new to this system and on ibfx (Aus). I have been doing demo on the past 1 week using Mark's recommended settings.
I hope to start live real soon. I m keen to find out from you guys what compounding strategies do you guys implement?
Pardon for a noob in this system and forex trading. Thanks.
Sell trade at 6:15 close for me on Alpari UK, I think I can safely say not one of FMT's finest days, out at -48 rather rapidly... Hey ho, I stuck to the rules and that is what matters, only Monday so I'm sure we'll be back in the black (or should I say green) by the end of the week
-48 pips...that is lot of slippage. Was your SL set or you closed it manually...
I am just wondering if people are able to trade this manually ( I mean without the EA), just looking at the slippage, I think we are better off to use an ECN???
Hell by the end of the month it could easily be 30 to 50 pips in slippage, this can easily cover the commision costs associated with ECN plus some more left.....
What do you guys think ??
No slippage at all, I'm running using TP37/SL48 settings which I found to be a decent 'one size fits all' setting to use over 2009/2010 and so far in 2011. Actually I don't think Mark's 40/40 setting would be far different over the long term, but it's all down to the individual to find their own optimum by back and forward testing.-48 pips...that is lot of slippage. Was your SL set or you closed it manually...
I am just wondering if people are able to trade this manually ( I mean without the EA), just looking at the slippage, I think we are better off to use an ECN???
Hell by the end of the month it could easily be 30 to 50 pips in slippage, this can easily cover the commision costs associated with ECN plus some more left.....
What do you guys think ??
The slippage is an issue...but one has to remember that slippage can also work in our favour...I have a TP of 28...Many times during the month when the trade is going in my favour,, I find that sometimes I end up with an extra 3 or 4 pips,per trade especially when the trade is moving quickly.. so I truly believe that it all balances it out in the long run..I trade with FXDD..live EA..no problems really here with the EA being traded on this brokerThere is quite a few people on here trading with different SL/TP settings so my guess is that's what it was set to. Someone on here has a SL of 63. I think that would have been hit quite quickly today too.
Yes one of those days!!
- 41 pips here.
There is quite a few people on here trading with different SL/TP settings so my guess is that's what it was set to. Someone on here has a SL of 63. I think that would have been hit quite quickly today too.
Hi Newbie,
Tried setting up EA last night. I'm using Best Direct MT4 (Demo). I have a few questions. When I check (NAV- EA- FMT) The little FMT symbol that looks like a hat is GRAYED out. It is not YELLOW. Is this right ?
This is okay. It just means you cannot modify the EA.
One more question, When setting EA inputs, I change Time(Hour & MIN), Lot size, and others. I then click OK. If I check the EA inputs agian, the settings are set to default again not what I changed.
The EA does this (goes back to the default in Nav) If you click f7 while on your chart you will see your changes.
After changing to my settings and clicking OK I do get a Smiliey Face upper right corner. Does this mean the EA took my changes? Thanks
Hi Newbie,
One more question, When setting EA inputs, I change Time(Hour & MIN), Lot size, and others. I then click OK. If I check the EA inputs agian, the settings are set to default again not what I changed. After changing to my settings and clicking OK I do get a Smiliey Face upper right corner. Does this mean the EA took my changes? Thanks
My demo account with FXCM had NO trade signal-----the price bars started at 5:15 pm EST Sunday.
My demo account with IBFX had a Sell signal which we all know lost----the price bars started at 6:00 pm EST Sunday which is 45 minutes less price data than FXCM has on Sundays.
IBFX sell trade lost.................and FXCM no trade didn't lose anything.
Both demo accounts (FXCM and IBFXS) price bars close at 4:00 pm EST on Friday.
Marc uses PFG Best Direct which has more price bars than my 2 demo accounts.
PFG price bars close at 5:00 EST Friday and opens at 5:00 EST Sunday.
I thinks its relevant to what broker you're using and how much price data/how much less price data is actually contained for these FMT signals. That's why sometimes we have different results from Marc and from each other using the same system.