⭐ rcbarlow Posted May 20, 2009 Report Share Posted May 20, 2009 Re: [REQ]The L.M.T Forex Formula As far as I have seen so far, it is excellent. Just unsure of when TP and SL was effective. It could have been when the candle crossed the MA, or it could have been effective on the last signal, or I guess it could be effective on the current candle. Just not sure which. Quote Link to comment Share on other sites More sharing options...
locle Posted May 20, 2009 Report Share Posted May 20, 2009 Re: [REQ]The L.M.T Forex Formula 12 currency pairs, 10pips/day that is good enough Quote Link to comment Share on other sites More sharing options...
altoronto Posted May 20, 2009 Report Share Posted May 20, 2009 Re: [REQ]The L.M.T Forex Formula On what TF you guys are using it? Thanks. Quote Link to comment Share on other sites More sharing options...
zynizen Posted May 20, 2009 Report Share Posted May 20, 2009 Re: [REQ]The L.M.T Forex Formula As far as I have seen so far, it is excellent. Just unsure of when TP and SL was effective. It could have been when the candle crossed the MA, or it could have been effective on the last signal, or I guess it could be effective on the current candle. Just not sure which. This is a very good point. When you first load this on a chart, it has a current trend and TP / SL levels. However it is my understanding that an actual signal will show up then you manually check the 4 things as stated in the manual. I just loaded this up and will see what happens upon the close of this 4hr candle. I believe the TP and SL levels are from the current price of the Alert/Close right before or at the point of the alert. Nevertheless if your within 5 to 8 pips off I'm sure it won't make a difference. Quote Link to comment Share on other sites More sharing options...
TrueTrader Posted May 20, 2009 Report Share Posted May 20, 2009 Re: [REQ]The L.M.T Forex Formula While requests qre being made for programming improvements, is it possible to convert the "EA" to an indicator. After all, it is not making any automatic trades. TT Quote Link to comment Share on other sites More sharing options...
Stormin_Norman Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula everything is done on the close of one candle - opening of the next. so exit is done what the candle closes above the MA line. Quote "It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book." Victor Niederhoffer (1943–), US hedge fund manager and statistician Link to comment Share on other sites More sharing options...
edyalan2005 Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula In 2 days LMT only gave me 1 signal? And with you ? Quote Link to comment Share on other sites More sharing options...
Stormin_Norman Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula In 2 days LMT only gave me 1 signal? And with you ? that is what i would expect. i havent tried it yet - but its not a frequent trader. Quote "It is inconceivable that anyone will divulge a truly effective get-rich scheme for the price of a book." Victor Niederhoffer (1943–), US hedge fund manager and statistician Link to comment Share on other sites More sharing options...
ian2002 Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula anyone figure out how the trend is determined? The trend is the slope of the Hull MA(80) for the immediately higher timeframe. The trigger is based on MACD(5,13,1) and the stoploss is EMA(10). Hi I have watched the video showing Dean entering a trade on the Euro/Usd triggered on the July 16 2007 daily chart. He claims that his system signalled a change to the down trend on the 4th July. I cannot understand how he found this as the slope of the Hull MA(80) weekly (immediately higher timeframe) does not appear to show a downtrend till the week starting Aug 3rd. Can you shed any light on this please? Quote Link to comment Share on other sites More sharing options...
petewright Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula hi, thanks for this, it's great. I'm just having a few issues though like. I'm trading H4 on 9 currencies and am doing quite well, however I can't figure out what to set the stop loss at once is pasts the "First Target". So... i'm in profit it reaches x and x pips profit (first target) then it says I need to set the stoploss to "Break Even" but i can't figure out what it should be so i end up setting it to the first target and then if it drops below that it closes the order (obviously i'm in profit) but I could possibly have much larger profit trades. I've read through the guide many times but it doesn't really help here. I really need to look at the videos but the link that was posted earlier in the thread no longer works so I can't see the videos. Any ideas how I can get hold of these or anyone has them? Thanks again Quote Link to comment Share on other sites More sharing options...
charlie_8 Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula i suppose u have to move the stop to break even point and wait for future profits)) when a candle close above|under EMA10, u sould close ur position. its simple. shure u can take 100-200 pips, but if ull miss a big movie after closing ur position? also u have to move ur stop only once. maby i didnt understand your question. Quote Link to comment Share on other sites More sharing options...
petewright Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula well what i meant is it says in the guide to move the stoploss to "break even" point which is fine. But how am i meant to figure out what stoploss to set it at for breakeven? is there a calculation or something. Like.. My trade might be in profit by +$50 once it reaches it's "first target" so this is when i change my stoploss so that I can no longer lose money in the trade. But then i don't know how to figure out at what decimals the stoploss would be to be "break even" or "0.00" Quote Link to comment Share on other sites More sharing options...
charlie_8 Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula ok, for example, i buy EU at 1.5000, stop 100 firts target 50, spread 2.5. ill wait till 1.5053 and then move the stop at 1.5003. what calculation did u mean? it depends on wich price u entered ur position :?: Quote Link to comment Share on other sites More sharing options...
petewright Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula oh so it depends on spread? My broker is 5 digit so for example lets say spread is 30 on GBPUSD I buy at 1.50000 | my first target = 320 pips. so once it reaches 1.50320 i would set my stoploss at 1.50030 correct? Quote Link to comment Share on other sites More sharing options...
charlie_8 Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula i would wait till 1.50350 and then move the stop to 1.50030. in this case u would have a really break even :arrow: but 3 pips on 4H dont really matter, u can move the stop at 1.50030 when the price touches 1.50320)) Quote Link to comment Share on other sites More sharing options...
charlie_8 Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula my demo broker is +3 gmt and i see very nice setup on AUDJPY with 50% retracement at 15.00 upd: 15.00 no setup Quote Link to comment Share on other sites More sharing options...
petewright Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula ok thanks a lot for your help, you've helped a lot Quote Link to comment Share on other sites More sharing options...
fxstudent Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula Could anyone crack the indicators, so that we can check inside. I've tried with the decompiler (ex4_to_mq4 v220) from this forum but failed. Thanks. Quote Link to comment Share on other sites More sharing options...
monicmtne Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula Trend is HMA and Trigger is MACD. But here is a weird thing I noticed on GBPUSD. When I open 4h chart I get an uptrend signal. Then I go to daily chart and I get an uptrend signal too. Then to weekly chart I get a downtrend signal and back to daily chart I get a downtrend signal. So which one is it on the daily chart, up or down? Quote Link to comment Share on other sites More sharing options...
locle Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula http://www.lmt-forex-formula.com/membersarea.php?access=ok can not access anymore, anyone have the new link thanks Quote Link to comment Share on other sites More sharing options...
robotfx2 Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula Hi here is the link http://www.lmt-forex-formula.com/all-files.zip :mrgreen: Quote Link to comment Share on other sites More sharing options...
edyalan2005 Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula i´m confused about LMT yet :( I don´t know When to trade Quote Link to comment Share on other sites More sharing options...
riffster Posted May 21, 2009 Report Share Posted May 21, 2009 Re: [REQ]The L.M.T Forex Formula look over the example trades in the manual it makes a lot more sense to me, i'm running this in paralell with forex sniper and its proving to be a pretty deadly combination. happy trading Peace, Love, Macrami Riffster Quote Link to comment Share on other sites More sharing options...
edyalan2005 Posted May 22, 2009 Report Share Posted May 22, 2009 Re: [REQ]The L.M.T Forex Formula /\ i´ve read the manual, but i have this doubt: i only start a trade after an alert sound ? Quote Link to comment Share on other sites More sharing options...
fxstudent Posted May 22, 2009 Report Share Posted May 22, 2009 Re: [REQ]The L.M.T Forex Formula Could anyone crack the indicators, so that we can check inside. I've tried with the decompiler (ex4_to_mq4 v220) from this forum but failed. Thanks. Never mind! I've found the cracked indicators in the previous posts on this topic. :D Quote Link to comment Share on other sites More sharing options...
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