DominoFX Posted October 24, 2010 Report Share Posted October 24, 2010 @DominoFX Did you do the test with you move the stop loss to break even at 24 pips in profit? With which broker did you do the test? Try a comparison with other brokers as well! Maybe that's why I have better results than the author? How about a test with ODL? By the way do you have ANY strategy which gives you positive results for any back or forward testing? That would make me really curious. 1. I tested it with the default settings, and it moves the SL to break even after 24 pips. 2. Alpari UK 3. I am not sure what do you want to know but I use Megadroid (a purchased one) live for 15 months and it doubled my account. Quote Link to comment Share on other sites More sharing options...
bankroll Posted October 24, 2010 Report Share Posted October 24, 2010 3. I mean Megadroid gave you positive results when you backtested it on any time period? By Megadroid do you mean this one? Impressive. http://www.forexpeacearmy.com/public/review/forex-megadroid.com Quote Link to comment Share on other sites More sharing options...
jurne Posted October 25, 2010 Report Share Posted October 25, 2010 Long GU trade activated. waiting to see TP or SL hit. Quote Link to comment Share on other sites More sharing options...
jurne Posted October 25, 2010 Report Share Posted October 25, 2010 stop loss hit today 25-10-2010 Quote Link to comment Share on other sites More sharing options...
jurne Posted October 25, 2010 Report Share Posted October 25, 2010 will try again. tomorrow, if anyone still trade this system. lets discuss here. : ) Quote Link to comment Share on other sites More sharing options...
linkrink Posted October 25, 2010 Report Share Posted October 25, 2010 my FMT trade also hit sl today. stop loss hit today 25-10-2010 Quote Link to comment Share on other sites More sharing options...
hedgehog Posted October 25, 2010 Report Share Posted October 25, 2010 stop loss hit today 25-10-2010 I took profits at 20 pips. And immediately opened a short GBPJPY. I was wondering if anyone could modify the EA's codes to do a: 1) 2 lots simultaneous entry. 2) 1 lot to close at +20 pips. 3) Move 2nd lot S/L to BE at +20 pips. 4) Trail stop 2nd lot. Quote Link to comment Share on other sites More sharing options...
torito1 Posted October 25, 2010 Report Share Posted October 25, 2010 my forex morning trade got me loss today.....10/25/10 Quote Link to comment Share on other sites More sharing options...
jurne Posted October 26, 2010 Report Share Posted October 26, 2010 26/10/2010 - entered Long in GBPUSD today based on FMT. I manually entered the trade. Wow, already taken profit 40pips as i am typing this. :) those trading this using EA, do u use VPS? Quote Link to comment Share on other sites More sharing options...
hedgehog Posted October 26, 2010 Report Share Posted October 26, 2010 (edited) 26/10/2010 - entered Long in GBPUSD today based on FMT. I manually entered the trade. Wow, already taken profit 40pips as i am typing this. :) those trading this using EA, do u use VPS? I don't. My broadband is up 24/7 with very little interruptions. I let the EA enter the trade and manually adjust it thereafter by discretion. But then this is not my main strategy, so it's just pocket money as long as it works :) Edited October 26, 2010 by hedgehog Quote Link to comment Share on other sites More sharing options...
jurne Posted October 26, 2010 Report Share Posted October 26, 2010 I don't. My broadband is up 24/7 with very little interruptions. I let the EA enter the trade and manually adjust it thereafter by discretion. But then this is not my main strategy, so it's just pocket money as long as it works :) Thanks :) i trade this during my lunch hour :) Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted October 26, 2010 Report Share Posted October 26, 2010 Having a problem with the EA. It took profits today at 3 pips even though I have it set as follows on 5 digit MBT Metatrader broker: StopLossPips 400 ProfitTargetPips 800 BreakEvenAtPipsProfit 240 TrailingStopPips 400 Lots 10.0 any idea what I'm doing wrong? The previous day it also took profit at 3pips, but I know what the problem was then as I had it set to 40-80-24-40 on 5 digit broker. I thought by increasing to 400-800-240-400, that would solve the problem. Do I have to start over? Expert Advisor is on and smiling... Maybe I have to reload the 5 digit set and save again??? Quote Link to comment Share on other sites More sharing options...
jwcoffee88 Posted October 26, 2010 Report Share Posted October 26, 2010 Having a problem with the EA. It took profits today at 3 pips even though I have it set as follows on 5 digit MBT Metatrader broker: StopLossPips 400 ProfitTargetPips 800 BreakEvenAtPipsProfit 240 TrailingStopPips 400 Lots 10.0 any idea what I'm doing wrong? The previous day it also took profit at 3pips, but I know what the problem was then as I had it set to 40-80-24-40 on 5 digit broker. I thought by increasing to 400-800-240-400, that would solve the problem. Do I have to start over? Expert Advisor is on and smiling... Maybe I have to reload the 5 digit set and save again??? Your profit target of 80 pips is too high. The vendor recommends a profit target of 40 pips. What happened today is that after the trade triggered, it did shoot up and pass the 40 pip target. However, at 3:45 am GMT, it retraced to near the entry price. Your trailing stop of 40 pips moved your stop loss to break even once it hit +40 pips and moved up 3 more pips as the price moved up. Then when it retraced at 3:45 am, it came down and hit your stop loss. If you'd set your profit target to 40 pips, you would have bagged 40 pips instead of 3. Quote Link to comment Share on other sites More sharing options...
jurne Posted October 26, 2010 Report Share Posted October 26, 2010 this is a no brainer System. I will test this system for 1 month. Currently breakeven, Monday Loss, Tuesday Win. Quote Link to comment Share on other sites More sharing options...
jwcoffee88 Posted October 26, 2010 Report Share Posted October 26, 2010 Hi All, Do you know if we need to do any trade time adjustment starting this Sunday? As you know, the EA is set to trade at 5:30 am GMT. That is equal to 6:30 am BST in London currently. I believe this Sunday, the UK will fall back 1 hour and it'll have the same time as GMT. Do we set the trade time now to 4:30 GMT? Quote Link to comment Share on other sites More sharing options...
joeytrader Posted October 26, 2010 Report Share Posted October 26, 2010 Having a problem with the EA. It took profits today at 3 pips even though I have it set as follows on 5 digit MBT Metatrader broker: StopLossPips 400 ProfitTargetPips 800 BreakEvenAtPipsProfit 240 TrailingStopPips 400 Lots 10.0 any idea what I'm doing wrong? The previous day it also took profit at 3pips, but I know what the problem was then as I had it set to 40-80-24-40 on 5 digit broker. I thought by increasing to 400-800-240-400, that would solve the problem. Do I have to start over? Expert Advisor is on and smiling... Maybe I have to reload the 5 digit set and save again??? Hi Diesel 10, In addition to what jwcoffee88 already pointed out about the take profit target, the author is now also recommending to turn off the trailing stop. Here is what the author recommends as settings, in his own words: I RECOMMEND changing the EA settings so that the trailing stop is disabled. The new parameters I recommend to use are: StopLossPips = 40 ProfitTargetPips = 40 BreakEvenAtPipsProfit = 24 TrailingStopPips = 0 We just switched off the trailing stop and set PT to the correct value. Diesel 10 1 Quote Link to comment Share on other sites More sharing options...
joeytrader Posted October 26, 2010 Report Share Posted October 26, 2010 Hi All, Do you know if we need to do any trade time adjustment starting this Sunday? As you know, the EA is set to trade at 5:30 am GMT. That is equal to 6:30 am BST in London currently. I believe this Sunday, the UK will fall back 1 hour and it'll have the same time as GMT. Do we set the trade time now to 4:30 GMT? According to an update on the author's online trade journal, the official trigger time is now 6:30 am London time (so no longer based on GMT time), or in the author's own words: . . . entry time again: to avoid confusion we should define the entry time to 1 and half hour before London open. hedgehog and jwcoffee88 2 Quote Link to comment Share on other sites More sharing options...
jurne Posted October 26, 2010 Report Share Posted October 26, 2010 thanks for the entry time heads up. I use forex4noobs Forex Session Time Clock to know which market opens at what time. If anyone has a better tool, maybe he can share with us.. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted October 27, 2010 Report Share Posted October 27, 2010 Having a problem with the EA. It took profits today at 3 pips even though I have it set as follows on 5 digit MBT Metatrader broker: StopLossPips 400 ProfitTargetPips 800 BreakEvenAtPipsProfit 240 TrailingStopPips 400 Lots 10.0 any idea what I'm doing wrong? The previous day it also took profit at 3pips, but I know what the problem was then as I had it set to 40-80-24-40 on 5 digit broker. I thought by increasing to 400-800-240-400, that would solve the problem. Do I have to start over? Expert Advisor is on and smiling... Maybe I have to reload the 5 digit set and save again??? My EA does not have all that input especially that BE and TSL. Which version of the EA is this and where can I get it? Thanks. Quote Link to comment Share on other sites More sharing options...
jurne Posted October 27, 2010 Report Share Posted October 27, 2010 27-10-2010 Sell activated in GBP/USD. waiting to see whether it hit SL or TP. :P Quote Link to comment Share on other sites More sharing options...
jurne Posted October 27, 2010 Report Share Posted October 27, 2010 27-10-2010 Sell GBP/USD, hit TP 39pips. Monday loss, Tuesday win, Wed win. :) so far so good this system. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted October 27, 2010 Report Share Posted October 27, 2010 According to an update on the author's online trade journal, the official trigger time is now 6:30 am London time (so no longer based on GMT time), or in the author's own words: The change in entry time did a lot of good today. If the previous 0530 GMT was followed, you would have made the 40 TP as well, but at 0630 London, entry was at pullback on M15 chart. Thanks joeytrader. Quote Link to comment Share on other sites More sharing options...
jurne Posted October 27, 2010 Report Share Posted October 27, 2010 i am following the 530 GMT time strategy. do i need to do adjustment? my broker is ibfx. Quote Link to comment Share on other sites More sharing options...
metin Posted October 27, 2010 Report Share Posted October 27, 2010 The change in entry time did a lot of good today. If the previous 0530 GMT was followed, you would have made the 40 TP as well, but at 0630 London, entry was at pullback on M15 chart. Thanks joeytrader. As far as I know, London Time is GMT+1 (BST) at the moment. So, London time 06.30 a.m. means GMT 05.30 a.m. Correct me please, if I'm mistaken. Regards, Quote Link to comment Share on other sites More sharing options...
jurne Posted October 27, 2010 Report Share Posted October 27, 2010 As far as I know, London Time is GMT+1 (BST) at the moment. So, London time 06.30 a.m. means GMT 05.30 a.m. Correct me please, if I'm mistaken. Regards, I think u r correct. Today i entered the trade at GMT530. The author mentioned this strategy is for pre London open which is one and a half hours before London open. The change in Daylight Saving Time will take effect on the first Sunday of November, so meaning after 7th November 2010, all trades have to be triggered at GMT0630. Am i correct? Quote Link to comment Share on other sites More sharing options...
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