Freddie Posted October 27, 2010 Report Share Posted October 27, 2010 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? It was always last Sunday October ie 31st. You may be two weeks out Quote Link to comment Share on other sites More sharing options...
joeytrader Posted October 27, 2010 Report Share Posted October 27, 2010 (edited) On end of daylight savings for London this year, this is from my post #74: London daylight saving time will end on Sunday October 31, 2010. see here: http://www.timeanddate.com/worldclock/clockchange.html?n=136 So that means, on the first trading day in November, Monday 1 November, depending on your broker's practice of setting its broker's time, you may need to be careful of the starting time for the system. For the first day in November, if in doubt, just check the world clock (you can google it) to be sure what time it is in London. Edit: For your convenience, if you are still struggling, go to this page on your trading day: http://www.timeanddate.com/worldclock/city.html?n=136 And you can tell instantly the current time at London at the moment. And you only need to make sure your trade trigger time is at 6:30 am London time that day. Edited October 28, 2010 by joeytrader Quote Link to comment Share on other sites More sharing options...
hedgehog Posted October 28, 2010 Report Share Posted October 28, 2010 (edited) Just for comparison purposes. If at 0515 GMT as per previously, there will be no trade triggered as CCI(60) was at 107 and Momentum (60) printed 99.86. Cable opened at 1.5799 at that time. Edit: EA for 0630 London triggered a Long on Cable. Edited October 28, 2010 by hedgehog Quote Link to comment Share on other sites More sharing options...
jurne Posted October 28, 2010 Report Share Posted October 28, 2010 28-10-2010 Long trigger in Cable also. I took half off at +20pips. Stoploss set to breakeven. Reason for taking half off is to take some profits off the table, momentum seems to be slowing down. Trailing the rest for gravy. Monday Loss, Tues win, Wed win, Thurs half off at +20, trailing the rest for gravy. 4 days with signal using this system. Quote Link to comment Share on other sites More sharing options...
jurne Posted October 28, 2010 Report Share Posted October 28, 2010 If no manual profit taking, price will hit the stop loss of -40pips. My broker ibfx the price miss the +24pips by 1 pip so the stoploss move to breakeven wasn't activated. Quote Link to comment Share on other sites More sharing options...
tontontrader Posted October 29, 2010 Report Share Posted October 29, 2010 Morning (in Europe) I have just started to use this amazing system. EA shows no trade with my broker, but momentum become just below 100, can someone explain why no trade ? Thanks Quote Link to comment Share on other sites More sharing options...
wonder833 Posted October 29, 2010 Report Share Posted October 29, 2010 i just started this system too. I think we are looking at the entry rules at the close of previous bar. momentum above 100 and CCI below.. no trade Quote Link to comment Share on other sites More sharing options...
jurne Posted October 29, 2010 Report Share Posted October 29, 2010 no trade today. Mon loss, Tues win, Wed win, Thurs took half off, Fri no trade. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted October 29, 2010 Report Share Posted October 29, 2010 Morning (in Europe) I have just started to use this amazing system. EA shows no trade with my broker, but momentum become just below 100, can someone explain why no trade ? Thanks There is no trade today because at 0630 London, the Momentum (60) reading was above 100 level and the CCI (60) was below the zero level. A good thing too as there are a lot of red flag news today especially US GDP. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted October 29, 2010 Report Share Posted October 29, 2010 no trade today. Mon loss, Tues win, Wed win, Thurs took half off, Fri no trade. Jurne, if you do a percentage win/loss calculation, I think this could be one heck of a method. Although yesterday's trade was not that great because you'd be stopped out by less than 10 pips, Cable did go for a huge run thereafter, over 150 pips from the bottom!! Quote Link to comment Share on other sites More sharing options...
jurne Posted October 29, 2010 Report Share Posted October 29, 2010 This method very simple and straightforward. I will continue testing it in my live micro account for a month. Maybe we can discuss what are the filters we can use to increase its profitability. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted October 29, 2010 Report Share Posted October 29, 2010 This method very simple and straightforward. I will continue testing it in my live micro account for a month. Maybe we can discuss what are the filters we can use to increase its profitability. jurne: as it is a simple and straightforward method, I think it should be left as it is. Granted it is not a holy grail, and I can assure you that you will never find one. And adding more filters to it will only make life difficult. Use as it is. I believe you are looking for 100% win rate, which I don't think you will ever find. The FMT is as good as it gets. Focus instead on money management. Quote Link to comment Share on other sites More sharing options...
wonder833 Posted October 29, 2010 Report Share Posted October 29, 2010 yes.. agree.. I never search for 100% winning system, as I think there is none! if there are such things, they would have come out long time ago.. I will go for system with consistent increase, it can be 5% in a month, or 20% in month.. this is far better than hitting stoploss that is 50% of your account.. I think the latest version of FMT included some TS.. that may be the 'filter' u are looking for.. cheers. Quote Link to comment Share on other sites More sharing options...
jurne Posted October 30, 2010 Report Share Posted October 30, 2010 well, i agree that more filters will make things more complicated. thanks. Quote Link to comment Share on other sites More sharing options...
tontontrader Posted October 30, 2010 Report Share Posted October 30, 2010 Hello there, my computer hard disk is dead :(. I have to rebuild my ET4 again, and I lost this EA too. Please let me know where I can download this again or PM please.. I really recommend everybody to make a (online) backup including ET4 related files (template, indicators), I used all my documents and some downloaded files but I did not include ET4 files. This isn't disaster but really annoying + time consuming. Have a good Sunday ! :) Quote Link to comment Share on other sites More sharing options...
junglist00 Posted October 30, 2010 Report Share Posted October 30, 2010 with time change (DST) , will trading time of ea have to be adjusted? I have 2 external drive that i back up to. Quote Link to comment Share on other sites More sharing options...
kraven Posted October 31, 2010 Report Share Posted October 31, 2010 Can i ask for results of those on here that are try this system out. days profit, days loss, no trades, total etc..thanks Quote Link to comment Share on other sites More sharing options...
joeytrader Posted November 1, 2010 Report Share Posted November 1, 2010 Can i ask for results of those on here that are try this system out. days profit, days loss, no trades, total etc..thanks Hi kraven, at least for the official method, I have found the author's record to be relatively honest. In fact, there were a few trades where I got out at break-even, when the author decided to record a loss. You can find it here: http://[email protected]/trading-journal/ (change "@" to "a") Depending on broker, of course, everyone will have cases of slightly different price feed that may lead to slightly different results (i.e. price just missing tp, or sl, or break even, before changing direction). However, I assume in the long run such variations in results should even out. kraven 1 Quote Link to comment Share on other sites More sharing options...
jurne Posted November 1, 2010 Report Share Posted November 1, 2010 Monday hit stoploss Quote Link to comment Share on other sites More sharing options...
Sesshoumaru Posted November 1, 2010 Report Share Posted November 1, 2010 Mine hits too. These days its performance is not as good as I expected. Quote Link to comment Share on other sites More sharing options...
hedgehog Posted November 1, 2010 Report Share Posted November 1, 2010 I took profits as soon as there were profits as I was out when the trade triggered and when I got back I promptly closed it. Why? Because it is near its highest point of this year during 15th of October and I didn't want to risk it. Also this week is littered with high impact news. Quote Link to comment Share on other sites More sharing options...
cubicrey Posted November 1, 2010 Report Share Posted November 1, 2010 I wonder, "if don't follow the system then why we need a system"..........sometimes the system is right sometimes the system is wrong. but the market is always right. So this phrase is applicable or not ? Quote All that is necessary for evil to triumph is for good men/women to do nothing. Sharing is caring Link to comment Share on other sites More sharing options...
hedgehog Posted November 1, 2010 Report Share Posted November 1, 2010 A system is a system. A method is a method. It is not foolproof that's for sure. If you are able and have the 'instinct' and am able to have a feel as to how the markets are going, why not use it? Now, if there was a system that has artificial intelligence programmed with the instincts of the best traders in the world, we won't need any traders anymore. If you stop to wonder, why do banks like Deutsche and UBS employ thousands of traders, it will answer your question. Quote Link to comment Share on other sites More sharing options...
joeytrader Posted November 1, 2010 Report Share Posted November 1, 2010 Some updates from the author The author has made some updated changes to the system. Here are the relevant ones quoted in his own words: ----------------------------------------------- 3. Expert Advisor (robot) Settings Updates ----------------------------------------------- I made some more tests during the October and I found out that we'd be better off by trading with slightly smaller Profit target. MY NEW RECOMMEND SETTINGS are: StopLossPips = 40 ProfitTargetPips = 35 BreakEvenAtPipsProfit = 20 TrailingStopPips = 0 I'm going to use these settings from today. Sesshoumaru, Gaugas, tipuwang and 2 others 5 Quote Link to comment Share on other sites More sharing options...
jwcoffee88 Posted November 1, 2010 Report Share Posted November 1, 2010 Anyone has the updated EA? Quote Link to comment Share on other sites More sharing options...
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