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Forex Morning Trade


kdjon

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I have the turbo version EA of this thing and wonder if the indicators it uses are the same as on the ones used on the London morning trade?

 

I trade manually and do not use EAs in general. But from what I understand, if you have the turbo version EA, you pretty much have everything the basic EA offers, plus a lot of other functions for testing different strategies. I assume on the turbo, for basic strategies it should be the same as the basic EA in terms of indicators it tracks.

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  • 3 weeks later...
Anyone have a download link to Turbo Morning Trade?

 

Hi CiDER, from what I understand, the base product FMT is currently blacklisted, so I assume its spin-off product TMT is probably also blacklisted, so cannot be shared in open forum here.

 

But from what I have been told, you can purchase TMT even if you're not FMT customer. And TMT is also cheaper too, and can do everything FMT does and a lot more.

 

I myself only trade manually, so cannot help on the EA front. Sorry.

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Monthly update letter from the author

 

The author recently sent out a long overdue monthly update letter, for anyone interested, I copied it below.

 

There is also a free gift from the author. Since it is free, and they are on how to run and test EAs, and not specific to FMT, I am assuming it is okay to share them here.

 

If they are also not allowed to be shown here, by association with a black-listed FMT, then let me know, I will remove the post.

 

On the free gifts, as I only trade manually, I have not downloaded them myself. But I hope it can be useful to those here who uses EAs and wish to do some EA testings.

 

cheers,

 

Hi xxxxx,

 

it's been already some time since I sent my last newsletter.

I have few news to share with you, and a free gift so please continue to

read the email below.

 

 

-----------------------------------------------

Results For January and February

-----------------------------------------------

 

We are back in profit. After a small loss in January, February is performing

very well. The month hasn't ended yet, but we are already +197 pips in profit,

which is monthly account increase of almost 10%.

Lets hope we'll make some more pips until the end of the month.

 

You can check my trading journal here:

http://www.forexmorningtrade.com/trading-journal/february-2011/

 

 

 

-----------------------------------------------

EA Updates

-----------------------------------------------

 

I recently updated both EA versions (Turbo and FMT). There are NO new features

added, the updates were only about stability. Turbo Morning Trade EA should now

be more reliable when closing the first part of the trade at the first profit.

 

If you don't have any problems with the EAs, it is not necessary to upgrade.

Otherwise you can download the EAs from our members area as usual.

 

 

 

-----------------------------------------------

Going Live with Turbo

-----------------------------------------------

 

After running Turbo Morning Trade EA in parallel with FMT for the past three

months I decided to put it to a live account.

If you compare the results of Turbo to the standard FMT system, you'll find that

Turbo performed better during all those three months.

Even when the month was losing, Turbo was losing less.

 

It is partly because of a different broker (Alpari Demo vs PFG Live) and partly

thanks to additional filter used in the Turbo EA.

The results are not to be 100% trusted because I was running Turbo EA only

on the demo account, but I think Turbo proved that it has at least the potential

to outperform FMT system.

 

So I'm going to continue my forward test of Turbo Morning Trade EA on a

5,000 USD live account on Alpari UK.

 

I'll update my trading journal as usual and I continue to trade both systems,

having most of my money in Forex Morning Trade.

 

 

Just to remember, Turbo page is here:

=> http://www.forexmorningtrade.com/turbo/

 

I'll repeat that this EA is available ONLY for the customers

of standard Forex Morning Trade system - no exceptions.

 

 

 

-----------------------------------------------

Some free gifts

-----------------------------------------------

 

One of my friends and business partner on several projects Andy Pullman asked me

to write two short ebooks about EA robots.

 

I did it with the condition that I can give it for free to my customers.

 

The ebooks are:

Loading, Running & Troubleshooting an EA

Testing and Optimizing an EA

 

I believe especially newbies will be able to learn a lot of information on how

to correctly run EAs, and how to backtest & optimize them.

 

You can download these ebooks for free here:

http://www.forexmorningtrade.com/abc123/Loading_Running_Troubleshooting_EA.pdf

http://www.forexmorningtrade.com/abc123/Testing_Optimizing_EA.pdf

 

My name is not mentioned in the PDFs but I'm the actual author.

 

And just in case you'd be interested in purchasing something from his page

(which is mentioned in the PDFs), you'll get 50% discount with the following

coupon code: FMT5SD42E

The coupon is valid only for two weeks, so if you want to use it do it now.

 

I'm not affiliated with him so if you have any questions please contact

him and not me.

 

 

------

 

Ok, that's all I wanted to share with you.

 

Best regards,

 

Mark Fric

 

SonarBytes Ltd, Zahradna 596, Vinicne, 52 90023, SLOVAKIA

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joey are you still using it?

 

Hi John, yes I am trading this manually. But I do tinker with the rules of entry and exit sometimes. For entry, if there will obviously be a buy or sell trade, and unlikely to change direction before 6:30 London trigger time, I will attempt to seek better entry price before 6:30 comes. On luckier days, sometimes I can get in 5 to even over 10 pips better entry price than official. But of course, I have also been wrong, and ended up trading with smaller TP and larger SL than official. But overall, if I am sharp, generally I can save myself at least the spread cost, ie. 1 to 3 pips better entry. I simply used naked price action on the M1 and M5, to see where the recent highs and lows are, and to try to catch a retrace and continuation movement.

 

For exit, I have the bad habit of getting out of a trade early, especially if I see price struggling near any known support/resistance. Also, as this is not the only method I trade on GBPUSD, if my other methods generate opposite signals to those of FMT, depending on how I gauge the market at the time, I sometimes will do stop and reverse, in favor of my other method's signals.

 

Overall, my mixed-bag modified approach above seems to be working. But still has much room for improvement.

Edited by joeytrader
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  • 3 weeks later...

I get this email about changes to trading hours.

Hopefully helpful.

 

***

-----------------------------------------------

Daylight Savings Time in USA

-----------------------------------------------

 

For those that didn't notice, USA switched to the Daylight Saving Time (DST))

on 13th March.

This means that if you have a broker based in USA, it is possible that you'll need

to alter the trading time of Forex Morning Trade by one hour.

 

Remember that FMT should be traded at 6:30 UK time all year.

 

To check that you are trading at the right time you can check my screenshot

from todays trade:

=> http://www.forexmorningtrade.com/abc123/14th_march.jpg

 

Just compare the entry candle to make sure you are entering at the same candle.

 

 

Europe will switch to DST time on 27th March, so that is the next date to watch

if you have an European broker.

Note that some brokers (for example Alpari UK) shift their time in sync with Europe,

so there's no need to alter the trading time with these brokers.

 

 

---------------------------------------

Trading in the very near future

---------------------------------------

 

The stock markets reacted quite strongly to the natural disaster in Japan

and it is very difficult to estimate how they'll behave in the next few days.

 

It seems that currencies like GBP, USD or EUR weren't affected too much,

however keep in mind that the next few days or even weeks could be more volatile

than we are used to.

 

I personally will continue to trade as usual, but it is perfectly legitimate decision

to take a break for a few days (or until Europe switches to DST time too).

The decision is up to you.

 

------

 

That's all, I wish us all a successful trading week.

 

Best regards,

 

Mark Fric

 

***

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  • 2 weeks later...
Hi

Do we use 6.30 London time or

6.30 GMT?

Elovv

 

 

 

I use 6.30gmt . To confirm if the setup is fine, you can compare your results with that of Marc's . He updates it daily .

h**p://www.forexmorningtrade.com/trading-journal/march-2011/

Edited by fxshare
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