Thanks for the heads up.I don't think one ever stops learning it but for starters, babypips.com can walk you through a free training course. This is where I began. :smart:
Thanks for the heads up.I don't think one ever stops learning it but for starters, babypips.com can walk you through a free training course. This is where I began. :smart:
MM with it's compounding feature will greatly enhance my profit margin.![]()
Be careful with MM. Using FMT/TMT I found that MM was actually killing my profits. What would happen is that after one loss it'd take two wins to recover. It'd take ages to recover from consecutive losses. What was strange was that my pip count was actually very positive, even if I was losing money.
What I've found to be much better is to use a static lot count calculated at the beginning of each week based on your risk/trade. This will let you take advantage of positive pips each week and also give you the benefits of compounded interest.
Be careful with MM. Using FMT/TMT I found that MM was actually killing my profits. What would happen is that after one loss it'd take two wins to recover. It'd take ages to recover from consecutive losses. What was strange was that my pip count was actually very positive, even if I was losing money.
What I've found to be much better is to use a static lot count calculated at the beginning of each week based on your risk/trade. This will let you take advantage of positive pips each week and also give you the benefits of compounded interest.
FMT for me this morning : (55-35-25-5)
6:15 start, long signal, hit TP +35 pips
6:30 start, long signal, hit TP +35 pips
6:45 start, long signal, hit TP +35 pips
total today +105 pips ..
total for the week +118 pips..
Are U trading Manual or Auto FMT?
I have to use the EA, my local time is 1:30 am. at London breakout...![]()
I used 3 different brokers. Same times & settings as U. All 3 brokers took the 6:15 trade but no 6:30 or 6:45. I wonder why the big difference. I'm using 2 US & 1 Cad broker.
you have to change the magic number on each chart with the EA or maybe the FIFO on your US brokers are blocking the trade ?
cheers !
Magic # ? Could U explain? :innocent:
In the second last line in the EA properties, you will see a number, "MagicNumber". Just change the number so that it is different on each chart that runs the EA. Any minor change to the number will work fine, but they must be different on each chart, else there will be conflicts.
Correct, but watch the IG quotes, they well not be aligned.
I used to use IG &CMC but now trade 100% on Alpari.
But yes, gains on Alpari should be declared and tax paid.
Of course, you could fund it from an offshore account, but that is way off topic.
Im baffled to how this works, i need windows on my mac before i can use MT4... so frustrating lol as i have had to do loads to my mac to get it to accept windows, and im in spain right now and getting an english version of XP is proving difficult :/
Anyone worried that FMT may one day just stop laying golden eggs?
It best not before i get involved ha![]()
I don't think one ever stops learning it but for starters, babypips.com can walk you through a free training course. This is where I began. :smart:
Lol i swear macbooks are great, but not when you want to get in to Forex... installing MT4 on a mac is like finding a cure for cancer.. and then when its all primed i have to find a copy of uk XP when in another country ha.. and mate those 11 wins in a row are impeccable!
Bet you are proud to be an owner of FMT then? I'll be part of the gang soon :cheesy:
Bet you are proud to be an owner of FMT then? I'll be part of the gang soon :cheesy: