Forex Morning Trade EA

[Trader@Home]

  Hi i know there is a thread on manual trading system, but i opened it here bcos the developer has provided an EA so lets see how it goes

i like its RR but i set the TP 35 SL 40 bcos of my broker spread on GBPUSD is 4 which i feel high (AVAFX)

i now run it on another broker with 0.02 lots gmt offset 3

[Redbaron517]

Hi Trader,
I have been running Forex Morning Trade since 8/26/10. 1 S/L and 2 T/P and 2 no trades. The S/L missed it's T/P buy 1 pip. I am happy with this EA so far. I am on Forex.com U.K. and using the EA not manual trades.
Good Luck,
Dan

[Trader@Home]

Hi Trader,
I have been running Forex Morning Trade since 8/26/10. 1 S/L and 2 T/P and 2 no trades. The S/L missed it's T/P buy 1 pip. I am happy with this EA so far. I am on Forex.com U.K. and using the EA not manual trades.
Good Luck,
Dan

Hi dan i presume you are using all default settings except the trading hours based on the GMT offset 5.30

good to be on board on this one. looks promising with his professional quick support. i also subscribed to his journal.

looks refreshing on his style of trading on this instead of whole load of many scrappy scalpers out on the market.

yes i have attached the EA as i wont be able to trade manually due to timings in Srilanka.

my gmt offset is 0.00 that means i will be on totally default settings and trading out of the box.
only thing i adjusted was the ST=45 TP 35 due to gbpusd spread is 4, as i dont wont to miss TP on few pips

good luck dan lets see today it trades as it will be my first day.

cheers mate

[Trader@Home]

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the system is based on london breakout  strategy...and i will post you the results based on EA (given out free) which is good by marc fric

[jamestan1978]

maybe if trailing stop is added it wil be much more profitable.

[PixeLM]

Looks interesting, I like the fact there is a forum and live results updated, shows some transparency that is a rarity in this industry...

[jamesfrance]

the system is based on london breakout  strategy...and i will post you the results based on EA (given out free) which is good by marc fric

This is not a breakout strategy but it trades at a certain time based on indicators

+40 pips this morning ,I done some backtests and had better results with TP+25 and SL 40

[richdad711]

Hi guys, so far I got 3 trades with this one all hitting tp

I have modified it to include MM and TS, if you want it, you know the drill.

Cheers

[jamesfrance]

Yes please Richdad,sent a request pm

Thanks

[art]

hi,have been running this since 27-8  it has hit target 4 out of 5 trades one no trade, so no losses am using the EA

[jamesfrance]

Could have been nearly an extra 30 pips this morning with a TS

[art]

you're right james i'm just sticking with the system at the moment

[Redbaron517]

Hi All,
Had another T/P this morning, 3+,1 - and 2 no trades. So far I like this EA.
Dan

[Trader@Home]

Hi All,
Had another T/P this morning, 3+,1 - and 2 no trades. So far I like this EA.
Dan

good for you, i had no trades...couple of issues
1. i opened the FMT indicator - and found Allow DLL confirmation not ticked
2. Stop loss on indicator is 40 TP 40 where as on the expert advisor it was 40 and 30 respectively (both are attached to GBPUSD M15 chart)

those who had a trade was the Allow DLL confirmation ticked on the FMT indicator (not on the expert advisor)

[jamesfrance]

Hi All,
Had another T/P this morning, 3+,1 - and 2 no trades. So far I like this EA.
Dan

good for you, i had no trades...couple of issues
1. i opened the FMT indicator - and found Allow DLL confirmation not ticked
2. Stop loss on indicator is 40 TP 40 where as on the expert advisor it was 40 and 30 respectively (both are attached to GBPUSD M15 chart)

those who had a trade was the Allow DLL confirmation ticked on the FMT indicator (not on the expert advisor)

no ,not ticked on mine,the EA does not require the indicator to trade