ForexMorningTrade System

[coral]

Thanks Pod. I have three or four approaches that I want to send to him, but I'm not quite ready yet. We seem to be coming up with more ideas, which is great

 

[deserteagle]

Comparison Deserteagle 38 38 27 5 and 38 38 28 8:
Results from 1 Jan 2010 to 30 Apr 2011: 38 38 27 5 = 3053 pips.
38 38 28 8 = 3099 pips.

Method: TMT trading at 6:15 or 6:30 if the signal is there when 6:15 doesn't trade. This gives a few additional trades and winners. No trading from Dec 18 to Jan 10. All other trades taken.

Because my tick data is in constant GMT, I have to split the tests for the time changes (BST from 29 March 2010 to 30 Oct 2010, then BST again on 28 March 2011).

I'm showing the test result screens (next post) from BST 2010 where the 38 38 28 8 pulled ahead, but they are now essentially even with the 28-8 ahead by only 46 pips. So we are nit-picking. But either way, it looks good, at least by my data.

Excellent work Coral! We can see there are good trading opportunities around those parameters.

I will check this set at 06:30 in order to see how it behaves, because my 38/38/25/5 was just get it for 06:15.

I like this forum. A lot of collaborative people with great ideas.

 

[coral]

Thanks SB. A team effort is always best.

These pics show the same test as my post #10059, left side pic, but with no Wednesdays.
You can see that the performance (total pips) has degraded when not trading the Wednesdays. So, we may be getting a new phenomenon this year.

 

[coral]

I cheated.

In my tests above, I omitted to mention that I removed the M indicator boundaries. This also gives extra trades and more winners on my own settings. See the attached pic of my spreadsheet on my current system and you will see the days with the " ** " notation. These are the days when a trade happened even with this indicator was overbought or oversold. SB, I will retest putting the setting back to normal to see if this makes a difference, but with this pic you can at least eliminate those days if you want. This pic also shows you which trades triggered at 6:30, so that may be a help to you.

By the way, trading in OB or OS has not happened yet this year that I could find. I have checked all trades manually three times, since I am trading this. I apologize for this omission before, but the looser setting works for me and I'm now taking it for granted.

 

[Geoff135]

Comparison Deserteagle 38 38 27 5 and 38 38 28 8:
Results from 1 Jan 2010 to 30 Apr 2011: 38 38 27 5 = 3053 pips.
38 38 28 8 = 3099 pips.

Method: TMT trading at 6:15 or 6:30 if the signal is there when 6:15 doesn't trade. This gives a few additional trades and winners. No trading from Dec 18 to Jan 10. All other trades taken.

Because my tick data is in constant GMT, I have to split the tests for the time changes (BST from 29 March 2010 to 30 Oct 2010, then BST again on 28 March 2011).

I'm showing the test result screens (next post) from BST 2010 where the 38 38 28 8 pulled ahead, but they are now essentially even with the 28-8 ahead by only 46 pips. So we are nit-picking. But either way, it looks good, at least by my data.

Many thanks Coral....new possibilities for small account...compounding at 5% /10%...no weekend for you....99% testing...amazing analysis....and thanks also to Desert Eagle...the dynamic duo...

 

[coral]

Thanks Geoff. I guess I'm addicted.

These are the summaries for 2010 and 2011 (see post #10064 above) on the settings that I trade. This separates the number of trades taken at 6:15 and 6:30 so everyone understands the reason I trade it this way. Let's hope we will now start a good recovery in pips.

 

[wiseambitions]

I think signals are going to be a bit ambiguous this morning causing differences between brokers due to the weekend shutdown. I have some charts running which point to a sell and others saying stay away. Not the nicest way to start a week, wondering who's right.

 

[andybissell]

I'm short

 

[jabu99]

I'm short

No trade on Oanda

 

[michaelsa]

Morning All,

Short FXDD Live EA.

M

 

[Geoff135]

No trade on Oanda

Short on Go Markets

 

[podberry]

No Trade -Oanda

 

[1KP]

Short on FXOpen

 

[uberpips]

short oanda @630 TMT

 

[wiseambitions]

In addition to FMT signals, the indicators which tend to give me comfort that we are right to be in on a short today are
1) 63hr EMA is above current price
2) 40 period EMA (10hrs in 15m chart) is in decline since 04.00 am

Good luck guys

 

[RedGuerrilla]

Stats for 05-13-2011



Live Accounts:

FMT 4.3, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
6:15 UK Time, FXSolutions..., SHort/Loss...., -46.0, Stats since 11-08-2010: Total= -76.0
6:15 UK Time, IBFX.........., SHort/Loss...., -44.4, Stats since 01-04-2011: Total= +132.4
6:15 UK Time, PFG Best......, SHort/Loss...., -46.8, Stats since 03-01-2011: Total= -101.2



Demo Accounts:

FMT 4.3, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
6:15 UK Time, PFG Best......, SHort/Loss...., -45.2, Stats since 02-01-2011: Total= +232.1
6:15 UK Time, FXCM.........., SHort/Loss...., -45.8, Stats since 02-01-2011: Total= +307.6
6:15 UK Time, Alpari(US)...., SHort/Loss...., -45.5, Stats since 02-01-2011: Total= +265.5
6:15 UK Time, FXDD.........., SHort/Loss...., -45.3, Stats since 02-01-2011: Total= +190.1



Notes:

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

 

[podberry]

shoot2scoot and other SLM traders, I have sent through a review over 8 days ago and a follow up mail to Forexpeacearmy, but as of today nothing has been posted. I suggest someone else places a review regarding SLM to speed things up, maybe someone that cloned my hotmail address a year ago has been using it and now the mails are rejecting at Forexpeacearmy.

 

[PONKO]

podberry can you be more specific? I do not understand. I loss info ´cause I can not enter this blog daily.
Regards

 

[podberry]

podberry can you be more specific? I do not understand. I loss info ´cause I can not enter this blog daily.
Regards

I posted a review over 8 days ago at Forexpeacearmy about Smart Live Markets, Smart Live Markets has never been listed on FPA before, so to date they have not posted my review which the should have done by now.

 

[shaunk]

short Alpari @6:15