H
helixpt
At Alpari UK you're still using starting hour 7 with 30 starting minute?
When you're running backtests it's strange that you'll get worst results if you take in consideration GMT offset, does anyone have a clue why?
Best Regards,
When you're running backtests it's strange that you'll get worst results if you take in consideration GMT offset, does anyone have a clue why?
Best Regards,
I would think that anyone doing backtests would have to use data from a source that adjust the time on the same day as the clocks change in the UK otherwise there will be some invalid results
jabu99
Established member
- Messages
- 524
- Likes
- 1
US clocks changed to summertime last night. You will need to adjust your entry time. I'm in the UK and mine was set to enter at 1.30 which i have now changed to 2.30. they were 5 hours behind us but until our time changes as well are only 4 hours difference.
Count your lucky stars though - you'd be 40 pips down if the EA had traded! 🙂
magicdogsbrain
Active member
- Messages
- 109
- Likes
- 0
I dont see what this has to do with the US - FMT is a strategy to catch the volatility increase before the London market open. Keep at 6:30 GMT until London changes in my opinion.
jabu99
Established member
- Messages
- 524
- Likes
- 1
Oanda servers are US based so the feed to your MT4 platform is based on US East coast time. If it is not set correctly on the EA variables the trade will not trigger or trigger at the incorrect time and you won't be trading origianal FMT but your own version 🙂
I presume you're trading manually in which case you don't need to know or worry about this.
because if a US broker changed server time at the weekend, the time settings that were correct last week will be 1 hour adrift this week.
I am with a UK broker and expect the broker time to change on the 27th, so no adjustments will be necessary.
catfish911
Member
- Messages
- 60
- Likes
- 0
Darn it, nasty spike down took me out of a Buy at -48 pips... Will probably shoot upwards now ;-(
Tenapenny
Experienced member
- Messages
- 1,005
- Likes
- 46
Some people get very confused with this. Not always their fault as they may be in different a time zone to their broker or the broker uses another time setting anyway. Easy enough to check though as FMT always takes place at 06.30 London time regardless of whether London is on DST or not. If confused, take a look here and adjust your time accordingly.
http://www.timeanddate.com/worldclock/city.html?n=136
Are you serious???
You post this when the price has been rising sharply for 75 minutes :whistling
Last edited:
Tenapenny
Experienced member
- Messages
- 1,005
- Likes
- 46
FMT retail traders are insignificant in the scheme of things. A drop in the ocean. Just seen +43 profit. About time too! 🙂
Agree about the banks.
What are your settings as most of us had a loss on standard settings.
mike1booth
Member
- Messages
- 65
- Likes
- 0
Hi Geoff,
You’ve hit the nail on the head here. You have to combine a good set with the right stake strategy, that’s why I am testing all these sets. The daily figures will go into a spread sheet that calculates the profit/loss at various risk ratios.
I didn’t have the figures for 7tp/20sl and 10tp/40sl but now you have shown me I can say that probably the problem with these sets is the tp figures are too small.
For example I have run the same 5% compounding risk ratio on a 10K account, using Mark’s original 40tp/40sl set. (This has been done before on this forum)
The profit over the Dec 09 – Feb 11 is $90,464
Frightening eh?
Mike
mike1booth
Member
- Messages
- 65
- Likes
- 0
