ForexMorningTrade System

[wiseambitions]

Short - Oanda - I agree with you wiseambitions, my charts are all over the place

Alpari UK LONG
FXDD No Trade

@ 06.30 GMT

 

[podberry]

Short on Oanda but long on Alpari UK - Hows that for a Monday morning😱

 

[Remraf]

Flat as a pancake on both Smart Live and Think Forex - NO TRADE on both at 6.15 and 6.30. I think traders are busy making money today on oil,gold and silver!

 

[michaelsa]

Morning All,

I agree with you both as I have a no-trade.

FXDD Live EA.

Interesting to see how the different start times influence the trades. Anyone know what PFGs start time is?

Thanks

m

 

[chiprec]

Long Alpari UK 16216

 

[podberry]

Looks like Mondays are coin flipping days with mixed feeds on many brokers 🙁

 

[RedGuerrilla]

BE+ the *******S at IBFX LIVE cost me 10+ on slippage. 😡 ......UGGHH anyone using them? thinking of switching brokers (US based).. any recommendations?

Thanks and have a good weekend.

kgk

I've been using IBFX LIVE (US) since Jan 4, 2011, up 205 pips. Trade for Mar 18 was a profit of 31.1 . . .

Try FXCM (US)

 

[ffchaci]

Flat as a pancake on both Smart Live and Think Forex - NO TRADE on both at 6.15 and 6.30. I think traders are busy making money today on oil,gold and silver!

Dito :|

 

[RedGuerrilla]

Stats for 03-18-2011



Live Accounts:

FMT 4.3, EA standard settings: 40 SL, 20 BE, 35 TP
6:30 UK Time, FXSolutions, Long/Break Even, -2.0, Stats since 11-08-2010: Total= -6.0
6:30 UK Time, IBFX......., Long/Break Even, +31.1, Stats since 01-04-2011: Total= +205.0
6:30 UK Time, PFG........, Long/Break Even, -4.3, Stats since 03-01-2011: Total= +9.3



Demo Accounts:

FMT 4.3, EA standard settings: 40 SL, 20 BE, 35 TP
6:30 UK Time, PFG Best.., Long/Break Even, 0.0, Stats since 02-01-2011: Total= +317.7
6:30 UK Time, FXCM......, Long/Break Even, 0.0, Stats since 02-01-2011: Total= +359.7
6:30 UK Time, Alpari(US), Long/Break Even, 0.0, Stats since 02-01-2011: Total= +278.1
6:30 UK Time, FXDD......, Long/Profit, +35.1, Stats since 02-01-2011: Total= +246.0

FMT 4.3, EA tweaked settings: SL=40, TP=30, BE=20, BE+5 pips, based on back testing, Post #5659, page 708
6:15 UK Time, PFG Best.., Long/Profit, +30.0, Stats since 01-20-2011: Total= +210.7
Tweaked settings demo test will be discontinued - the standard settings are good enough . . .


Notes:

All pip totals include slippage
FXSolutions is the only dealing desk broker

 

[admingre]

No Trade with Go Markets AUS!

 

[podberry]

Seems the mixed signals are due to when your broker closes on a Friday and restarts on Sunday night, different times will impact on how the indicators are aligned.

 

[Remraf]

Long Alpari UK 16216

You might have got a good call this morning, looks like the market has just woken up!👍

 

[wiseambitions]

Seems the mixed signals are due to when your broker closes on a Friday and restarts on Sunday night, different times will impact on how the indicators are aligned.

Yes you're entirely right. We had great discussion on here a couple months ago about this. The maths are complex, anyway we get these differences due to that gap. FMT needs about 15 hours to collect the data upon which the signal is given.

I think the conclusion a couple months ago, was a comment from Mark along the lines that over a year these differences should cancel themselves out. (That's if you carry on doing the same thing all the time without amending the variables!)

 

[LIQUIDKNUCKLES]

http://www.forexmorningtrade.com/abc123/14th_march.jpg

Isn't this at 3:30 est....im confused

 

[Kylefx]

this was on 7:30 German time....so 6:30 UK time and 0:30 New York time.

 

[LIQUIDKNUCKLES]

this was on 7:30 German time....so 6:30 UK time and 0:30 New York time.

So if thats the case wouldnt it mean that u guys jumped in 37minutes ago

 

[Pavil]

Alpari Uk-Live-Long
Closed +30,9

 

[uberpips]

OK, that's 2 wrong trades in a row from Oanda! What broker is the most accurate for this system?

 

[Kylefx]

So if thats the case wouldnt it mean that u guys jumped in 37minutes ago

no i jumped in 2 hours ago.

sorry i mean 1:30 New York time

 

[wiseambitions]

OK, that's 2 wrong trades in a row from Oanda! What broker is the most accurate for this system?

Was the other wrong trade also on a Monday? (Just checking because you said 2 in a row -I would have thought Friday's was fairly clear whatever chart you were on).

I also thought Oanda was meant to be good. In other words to have a low % of losing accounts on their books, but that might be more to do with permitted leverage levels.

I use Alpari, and have no particular issues, but perhaps the main reference point would be PFG Best due to the site author using them with confidence.
Have a look back through all the posts written here by Red Geurilla and see what he puts.