biggreycat
Junior member
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both longs for me today, 1 is out with BE+5. The other's still under water.
RedGuerrilla
Active member
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Stats for 05-25-2011
Live Accounts:
FMT 4.3, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
6:15 UK Time, FXSolutions..., Short/Break Even..., +5.0, Stats since 11-08-2010: Total= -43.0
6:15 UK Time, IBFX.........., Short/Break Even..., +5.0, Stats since 01-04-2011: Total= +152.8
6:15 UK Time, PFG Best......, Short/Break Even..., +5.0, Stats since 03-01-2011: Total= -101.7
Demo Accounts:
FMT 4.3, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
6:15 UK Time, PFG Best......, Short/Break Even..., +4.7, Stats since 02-01-2011: Total= +262.2
6:15 UK Time, FXCM.........., Short/Break Even..., +5.0, Stats since 02-01-2011: Total= +373.5
6:15 UK Time, Alpari(US)...., Short/Break Even..., +5.0, Stats since 02-01-2011: Total= +330.7
6:15 UK Time, FXDD.........., Short/Break Even..., +5.0, Stats since 02-01-2011: Total= +255.3
Notes:
All pip totals include slippage
FXSolutions is the only dealing desk broker
Live Accounts:
FMT 4.3, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
6:15 UK Time, FXSolutions..., Short/Break Even..., +5.0, Stats since 11-08-2010: Total= -43.0
6:15 UK Time, IBFX.........., Short/Break Even..., +5.0, Stats since 01-04-2011: Total= +152.8
6:15 UK Time, PFG Best......, Short/Break Even..., +5.0, Stats since 03-01-2011: Total= -101.7
Demo Accounts:
FMT 4.3, EA standard settings: 45 SL, 25 BE, +5 BE, 35 TP
6:15 UK Time, PFG Best......, Short/Break Even..., +4.7, Stats since 02-01-2011: Total= +262.2
6:15 UK Time, FXCM.........., Short/Break Even..., +5.0, Stats since 02-01-2011: Total= +373.5
6:15 UK Time, Alpari(US)...., Short/Break Even..., +5.0, Stats since 02-01-2011: Total= +330.7
6:15 UK Time, FXDD.........., Short/Break Even..., +5.0, Stats since 02-01-2011: Total= +255.3
Notes:
All pip totals include slippage
FXSolutions is the only dealing desk broker
Slurpeeforex
Member
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I hung on today and it paid off...:clap:
Fast FMT: +10
FMT: +35
EFMT: +38
Total: Fast FMT -50, FMT +8, EFMT +45
Fast FMT: +10
FMT: +35
EFMT: +38
Total: Fast FMT -50, FMT +8, EFMT +45
mike1booth
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Very quiet on this forum at the moment. Wonder why? Thought someone would have answered you by now as I know several people have these stats. Not sure why you want a 1:1? Why not go for something even better! Anyway……did these for you this morning:
Test – 1/Jan/2010 to 1/April/2011 (15 months). (You can forget 50/50)
Standard 1 lot, spread 2 pips. Figures are simply number of pips gained:
38/38 2447
40/40 2407
35tp/45sl 2573
45tp/35sl 2332
The choice looks obvious right? WRONG! To get the best gain in money, you need to do a little calculation. Let’s say you want to have a risk of 3% (that would be an average). Calculate:
(Amount of your bank) X 3% /Stop loss X Pips Gained
So………. If your starting bank is $10,000 for the 38/38 set the calculation is:
10,000 X 3% / 38 X 2447 Which = $19,318.
The calculations for all 4 are:
38/38 19,318
40/40 18,052
35tp/45sl 17,153
45tp/35sl 19,998
Now you can choose!
Mike
FMT for me this morning, Forex.Com-UK, (45-35-25-5) except 6:45
6:15, long signal, hit TP +36 pips
6:30, long signal, hit TP +35 pips
6:45, long signal, hit SL -36 pips (using 35-25-15-0)
total today +35 pips..
weekly total +100 pips.
cheers !
6:15, long signal, hit TP +36 pips
6:30, long signal, hit TP +35 pips
6:45, long signal, hit SL -36 pips (using 35-25-15-0)
total today +35 pips..
weekly total +100 pips.
cheers !
I'm sorry, my backtesting doesn't agree with this. I calculated these out using my funds and 5%, and the highest came to 8328, for 45 TP, 35 SL. However backtesting showed 12 losses and $213 earnings.
The next highest was the 38/38. Backtesting showed 12 losses and -$90 earnings.
Then I backtested my own settings of 40 SL, 25 TP and it earned $403 without using the figures above. It looks good on paper, but backtesting doesn't prove it out, at least not that I can see. Too high a TP just won't be profitable. A SL lower than 40 doesn't work well either. There isn't enough room for the trade to move.
Lady Forex
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Is Wiseambitions still around?
shoot2scoot
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Looking Overbought as well!
podberry
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Yes he is, think he is fed-up of being abused by some people on this forum.
uberpips
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Hopefully they've moved on to the next 'dead cert' system by now, and we can get back to the more sensible and helpful advise that was prevalent before they arrived, I'm sure wiseambitions won't be too upset by a few 'here today - gone tomorrow' posters.
I'm LONG this morning, but market did look ripe for a pullback, and is now doing its best to shake out all those short term trend followers with tight stops - fingers crossed it resumes soon!
podberry
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Who is they ?
podberry
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Why are you having a dig at wiseambitions ? So you are implying that his advice was not "sensible and helpful" ?
andybissell
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Thanks Mike, good stats!
I'm spread betting so I bet in £'s per pip, meaning from your stats that 35/45 would gain the most, but I just don't like the loss > the gain so I think I will be using 38/38.
Also in your formula, should the 3% be the reward, not the risk? And then the Stop Loss be the Take Profit?
i.e. (£Balance x Reward)/TP = £ per pip. and then £ per pip x pip gain = profit.
Here's my update;
Today : Long (not looking good atm)
Yesterday: TP +38
FMT Account: £923 (-7.6%)
Heading in the right direction with my account so I'm glad I've stuck with it....but I'm still yet to be convinced by the system.
andybissell
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I think 'they' were the 'here today - gone tomorrow' 'abusers'. No1's digging wise...
