JustinSydney
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Justin,
in your backtest did you consider the DST as brokers tend to change 2 twice a year.
Backtest was done on Alpari whom I've been told change there time for DST.
Justin,
in your backtest did you consider the DST as brokers tend to change 2 twice a year.
Just wanted to say hi to everybody and to tell you how much I'm enjoying all the conversations, I purchased the FMT pretty much on the day it was launched and so far I have been very impressed, also the way that Mark has dealt with any enquiries has impressed me immensely.
I have been trading for about 10 years and have concentrated on Fx over the last three years. Apart from Mark's system I also trade the Forex Rebellion which I also have a reasonable amount of success with. It is so impressive to see so many people from different parts of the world all interacting on the same theme lets keep in up.
Happy Trading....
Hi Bobby
more than happy to share my Forex Rebellion strategies but as this is the Forex Morning trade thread I feel it would not be appropriate to discuss it here.
However I will send you a private message.
Roger.
HI Roger
Can I hear it as well??
Hi Roger,
Since i have just started using Forex Rebellion do you mind if i get in on that. If so, what do you need me to do ?
Clinton
Hi guys,
there is an interesting thread on Rebellion too where you can go:
http://www.trade2win.com/boards/forex-strategies-systems/76958-anyone-using-forex-rebellion.html
Roger, you can share your points of view there and I guess it would be very helpful for everyone if you tell about your experience with this system (but it's better in the thread dedicated to it ).
Now let's go back in topic:
I am glad that today there was no signal on Gbp/Usd 'cause its movement could have caused some problems... :-0
Hi Bobby
more than happy to share my Forex Rebellion strategies but as this is the Forex Morning trade thread I feel it would not be appropriate to discuss it here.
However I will send you a private message.
Roger.
Hi fabius
Thanks for the link will do.
Take care
Roger
Hey,
You know, with the trade manager v2-4 EA if you have a 40 pip stop and u set it so that when price moves 20 pips in your favor the stop moves to -20 does the stp STAY PUT at 40 pips and only moves when when price goes to 20 pips. Im asking this because the new trailing stp feature on the fmt isnt like this, its different than i expected.
AND ALSO, when i set up the trade manager v2-4 with the parameters that i want, would the glitch (it closing out a trade) occur?...when does the glitch occur?
Hi Knuckes,
Yes, the money manger stop only moves to -20 once the price gets to +20. It stays at -40 until then. It's different to a normal trailing stop, which keeps moving the stop up so that it's always 40 pips behind the current price (if it's set to 40). However, if the price drops back, the stop stays where it is - it never goes backwards. Then if the price gets ahead by 41 pips, the stop will move up another pip, etc.
I presume FMT's new trailing stop works like that - I'm still testing it out on my demo. I don't particularly like trailing stops. I prefer moving my stops at set levels, which is why I like the money manger. So I may only use the breakeven feature of the new EA, or just continue with the money manager - I haven't decided yet. Yesterday the new EA only made 10 pips on my demo, whereas my live trade made the full 40. But Mark's back-testing does show the b/e + trailing stop to be the most profitable...
The "glitch" really only happens if you meddle with the settings once a trade is on and is being managed. It depends where the trade is at when you make the changes. If nothing's happened yet, the manger just accepts the new settings and carries on monitoring. But if it's already taken half profit for example, the new settings can cause it to close out the trade. I've been caught out a couple of times, so I just make sure I don't change the settings once the trade is on. The programmer describes it in his doco, which I'll attach - he tells you what to do to avoid it happening.
And can u use both at the same time, like having the trade manager working and setting your stop accordingly but at the same time have the fmt EA B/E feature work as well...like, having the trade manager move your stop -20 when price goes 20pips in your favor and then when price hits 35pips the FMT EA put your stop at B/E??
Hi Roger,
Since i have just started using Forex Rebellion do you mind if i get in on that. If so, what do you need me to do ?
Clinton
GbpUsd : No Trade
GbpJpy: buy signal, +40 pips TP
EurUsd: No Trade
Should read as 15Th September Please update your journal as September14th August – SHORT
Entry: 1.5400
PT: 1.5360
P/L: + 40 pips
15th August – NO SIGNAL
Oops I did not download history first. here is corrected test:
eur/jpy
2 yrs SL 40p, TP 35p
260 trades
wins 137 (49.64%)
losses 121 (46.54%)
drawdown - 4975
net profit - $293
so still not worth trading. drawdown is too high.