Tenapenny
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Andy, just to play safe ask Pod for a copy of his photo of when the market was in profit
Better still, post it!
Andy, just to play safe ask Pod for a copy of his photo of when the market was in profit
Following with the set selection issue.
There is another set which give me 11% more profit than 38 38 27 5, I have called it Combo 615.
It uses different set for shorts and longs:
Short: 37SL 38TP 25BE
Long: 37SL 43TP 27BE
You can see the results of the backtest in the attached comparison.
I encourage Coral to double check the backtest results
Cheers.
PS: this set was already published also in the forward comparison last week.
Don't want to sidetrack FMT but it's still profitable on the daily for me. There's a good discussion here http://www.donnaforex.com/forum/index.php?topic=2322.345 so we don't derail this thread.
Highly recommend this system, I don’t trade it (can’t trade everything) but shows how such a simple system using an ma can make profit.
1 ma and a bit of knowledge of price action, inside bars, outside bars, engulfing, pins, S&R etc .. works.
If you cannot day trade, try a daily chart for 1 year. You won’t go back. I trade on the daily, sometimes go down to a 4hr for entry to get a better price, but its all less stressful and easily manageable. Quality trades over quantity.
Check out the 365ma on a daily, zoom out and just look at price and what it does at this ma.
But, keep going with fmt, it’s a lull period that’s all. If it’s really bothering you, limit your risk. I use 3% and still happy with its performance. Part and parcel of the job.
FMT for me this morning, (45-35-25-5) Forex.com-UK broker
6:15 start, buy signal, hit TP +35 pips
6:30 start, No Trade
6:45 start, No Trade (half lots)
total today, +35 pips..
total this week -151 pips.
Hammy
Hope it gets better for you soon, just looking back at what you have reported since Easter Holidays shows you are still Down 276 pips to date.
http://www.trade2win.com/boards/tra...rexmorningtrade-journal-1295.html#post1560164
May 19, 2011 Down -151 ( Friday results pending)
http://www.trade2win.com/boards/tra...rexmorningtrade-journal-1252.html#post1554462
May 13, 2011 Down -191
http://www.trade2win.com/boards/tra...rexmorningtrade-journal-1207.html#post1546946
May 06, 2011 Up + 109
http://www.trade2win.com/boards/tra...rexmorningtrade-journal-1160.html#post1533648
April 27 , 2011 Down – 222
http://www.trade2win.com/boards/tra...rexmorningtrade-journal-1135.html#post1528812
April 22 , 2011 Up + 179
Hi Too Sexy !
Yes, you are right !, the past few weeks have not been good. Looks like May will be only the 2nd losing month since September 2010. January lost -90 pips but all other months have been winners, so I am ahead by more than 1,000 pips since trading FMT., 8 months total.
Thanks for your concern, but I'm not too worried, wish I had more EAs as good as FMT.
cheers !..