Forex Morning Trade

February 2012

admin — Thu, 02 Feb 2012 08:11:25 +0000

Important! Change of trading settings
From February I’m starting to use the following settings:

Trading time = 06:15 UK time (07:15 Alpari time)
Profit Target = 80 pips
Stop Loss = 80 pips
Break Even = 0 pips
BreakEvenAddPips = 0
UseLongCandleFilter = true

I believe that settings with bigger SL/PT will give the system some advantage in these volatile markets.

Forex Morning Trade

Live account (Alpari UK)

1st February – NO TRADE

2nd February – SHORT
Entry: 1.58431
SL: 1.58260
P/L: +17.1 pips
I manually stopped the trade, otherwise it would last untill next day
and a new trade couldn’t be opened

3rd February – LONG
Entry: 1.58258
SL: 1.57400
P/L: -85.8 pips

Weekly summary
1 profit, 1 loss
the week ended with -68.7 pips loss.

6th February – NO TRADE

7th February – NO TRADE

8thFebruary – LONG
Entry: 1.59092
SL: 1.58272
P/L: -82 pips

9th February – NO TRADE

10th February – SHORT
Entry: 1.57932
SL: 1.57130
P/L: +80.2 pips

Weekly summary
1 profit, 1 loss
the week ended with -1.8 pips loss.

13th February – NO TRADE
due to open trade from previous days

14th February – SHORT
Entry: 1.57044
SL: 1.57873
P/L: -82.9 pips

15th February – NO TRADE
due to open trade from previous days

16th February – NO TRADE
due to open trade from previous days

17th February – LONG
Entry: 1.58082
still open

20th February – NO TRADE
due to open trade from previous days

21st February – NO TRADE
due to open trade from previous days

January 2012

admin — Fri, 20 Jan 2012 08:05:10 +0000

In 2012 I’m starting trading on Monday 16th January, I’m using the these settings:

Trading time = 06:30 UK time (07:30 Alpari time)
Profit Target = 35 pips
Stop Loss = 35 pips
Break Even = 25 pips
BreakEvenAddPips = 5
UseLongCandleFilter = true

Forex Morning Trade

Live account (Alpari UK)

16th January – LONG
Entry: 1.54325
SL: 1.52851
P/L: -35.5 pips

17th January – LONG
Entry: 1.53699
SL: 1.53749
P/L: +5 pips

18th January – SHORT
Entry: 1.53381
SL: 1.53748
P/L: -36.7 pips

19th January – LONG
Entry: 1.54325
SL: 1.54375
P/L: +5 pips

Weekly summary
2 losses, 2 BE
the week ended with -62.2 pips loss.

23st January – LONG
Entry: 1.55501
SL: 1.55551
P/L: +5 pips

24th January – SHORT
Entry: 1.55585
SL: 1.55947
P/L: -36.2 pips

25th January – NO TRADE

26th January – LONG
Entry: 1.56630
SL: 1.56980
P/L: +35 pips

27th January – SHORT
Entry: 1.56710
SL: 1.57060
P/L: -35 pips

1 profit, 2 losses, 1 BE
the week ended with -31.2 pips loss.

30th January – NO TRADE

31st January – LONG
Entry: 1.57398
SL: 1.57748
P/L: +35 pips

Comment on January
Not really good performance, the month finished with loss -58 pips. I’m going to change the EA settings from next month.

December 2011

admin — Tue, 06 Dec 2011 12:16:37 +0000

I’m continuing to trade FMT with these settings:

Trading time = 06:30 UK time (07:30 Alpari time)
Profit Target = 35 pips
Stop Loss = 35 pips
Break Even = 25 pips
BreakEvenAddPips = 5
UseLongCandleFilter = true

Important! I’ll trade FMT only until mid of December, then I’ll take a break until new year.

Forex Morning Trade

Live account (Alpari UK)

1st December – SHORT
Entry: 1.56908
PT: 1.56557
P/L: +35.1 pips

2nd November – SHORT
Entry: 1.56786
PT: 1.57150
P/L: -36.4 pips

Weekly summary
1 profit, 1 loss
the week ended with -1.3 pips loss.

5th December – NO TRADE

6th December – SHORT
Entry: 1.56271
PT: 1.56271
P/L: 0 pip

7th December – NO TRADE

8th December – NO TRADE

9th December – SHORT
Entry: 1.56148
PT: 1.56148
P/L: 0 pip

Weekly summary
2 BE
the week ended with 0 pips loss.

12th December – NO TRADE

13th December – LONG
Entry: 1.56088
PT: 1.55735
P/L: -35.3 pips

14th December – SHORT
Entry: 1.54818
PT: 1.55168
P/L: -35 pips

15th December – SHORT
Entry: 1.54458
PT: 1.54814
P/L: -35.6 pips

16th December – LONG
Entry: 1.55273
PT: 1.55273
P/L: 0 pips

Weekly summary
3 losses, 1 BE
the week ended with -105.9 pips loss.

Comment on December
The month finished with loss -107.2 pips. The market in December is quite unpredictable as we know, so I’m taking a break with trading untill the end of December. I’ll start trade FMT since the new year as usually.

November 2011

admin — Tue, 01 Nov 2011 10:07:24 +0000

Important! Change in trading settings!
This month I’m changing the Forex Morning Trade settings. The new recommended setting are:

Trading time = 06:30 UK time (07:30 Alpari time)
Profit Target = 35 pips
Stop Loss = 35 pips
Break Even = 25 pips
BreakEvenAddPips = 5
UseLongCandleFilter = true

The reason for this step is unsatisfactory results using the previous settings, I really didn’t like the negative SL:PT ratio. The new settings are return to the standard 1:1 ratio and I believe they’ll give the best results in the long term future.

There’s one more change, I switched FMT trading from PFG Best to Alpari UK, but that doesn’t mean I don’t like PFG.
I’m simply making some reorganization of my trading accounts. If you use PFG there’s no reason to switch.

Forex Morning Trade

Live account (Alpari UK)

1st November – SHORT
Entry: 1.6052
PT: 1.6017
P/L: +35 pips

2nd November – LONG
Entry: 1.59949
PT: 1.60499
P/L: +35 pips

3rd November – SHORT
Entry: 1.5894
PT: 1.5949
P/L: -35 pips

4th November – LONG
Entry: 1.60247
PT: 1.59896
P/L: -35.1 pips

Weekly summary
2 profits, 2 losses
the week ended with -0.1 pip loss.

7th November – NO TRADE

8th November – SHORT
Entry: 1.60367
PT: 1.60719
P/L: -35.2 pips

9th November – NO TRADE

10th November – LONG
Entry: 1.59321
PT: 1.58955
P/L: -36.6 pips

11th November – NO TRADE

Weekly summary
2 losses
the week ended with -71.8 pip loss.

14th November – NO TRADE

15th November – SHORT
Entry: 1.58778
PT: 1.59129
P/L: -35.1 pips

16th November – SHORT
Entry: 1.57661
PT: 1.58018
P/L: -35.7 pips

17th November – NO TRADE

18th November – NO TRADE

Weekly summary
2 losses
the week ended with -70.8 pip loss.

21st November – SHORT
Entry: 1.57424
PT: 1.57071
P/L: +35.3 pips

22th November – NO TRADE

23rd November – SHORT
Entry: 1.56156
PT: 1.55788
P/L: +36.8 pips

24th November – SHORT
Entry: 1.55493
PT: 1.55134
P/L: -35.9 pips

25th November – SHORT
Entry: 1.54568
PT: 1.54568
P/L: 0 pips

Weekly summary
2 profits, 1 loss, 1 BE
the week ended with +36.2 pips profit.

28th November – NO TRADE
LongCandleFilter

29th November – NO TRADE

30th November – SHORT
Entry: 1.55787
PT: 1.55435
P/L: 35.2 pips

November result
-72.3 pips

October 2011

admin — Tue, 04 Oct 2011 18:58:17 +0000

I continue trading Forex Morning Trade with standard settings: Trading time = 06:15 UK time, Profit Target = 35, Stop Loss = 45 pips, Break Even = 25 pips, BreakEvenAddPips = 5, UseLongCandleFilter = true.

Forex Morning Trade

Live account (PFG Best)

3rd October – SHORT
Entry: 1.55018
PT: 1.55471
P/L: -45.3 pips

4th October – SHORT
Entry: 1.54460
PT: 1.54110
P/L: +35 pips

5th October – LONG
Entry: 1.54469
PT: 1.54519
P/L: +5 pips

6st October – SHORT
Entry: 1.54140
PT: 1.54591
P/L: -45.1 pips

7th October – NO TRADE
Momentum was >100.8

Weekly summary
1 profit, 2 losses, 1 BE
the week ended with -50.4 pips loss.

10th October – LONG
Entry: 1.56176
PT: 1.556526
P/L: +35 pips

11th October – SHORT
Entry: 1.56284
PT: 1.55936
P/L: +34.8 pips

12th October – SHORT
Entry: 1.55725
PT: 1.56179
P/L: -45.4 pips

13th October – SHORT
Entry: 1.57388
PT: 1.57041
P/L: +34.7 pips

14th October – NO TRADE

Weekly summary
3 profits, 1 loss
the week ended with +59.1 pips profit.

17th October – SHORT
Entry: 1.57951
PT: 1.58402
P/L: -45.1 pips

18th October – LONG
Entry: 1.57981
PT: 1.57658
P/L: -32.3 pips

19th October – LONG
Entry: 1.57471
PT: 1.57516
P/L: +4.5 pips

20th October – SHORT
Entry: 1.57260
PT: 1.57214
P/L: +4.6 pips

21st October – LONG
Entry: 1.58023
PT: 1.57572
P/L: -45.1 pips

Weekly summary
3 losses, 2 BE
the week ended with -113.4 pips loss.

24th October – LONG
Entry: 1.59658
PT: 1.59708
P/L: +5 pips

25th October – NO TRADE

26th October – LONG
Entry: 1.60396
PT: 1.59942
P/L: -45.4 pips

27th October – NO TRADE

28th October – NO TRADE

Weekly summary
1 loss, 1 BE
the week ended with -40.4 pips loss.

31st October – SHORT
Entry: 1.59725
PT: 1.60178
P/L: -45.3 pips

Comment on October results
The worst month this year, we lost 190.4 pips. I’m going to change the system settings from the next month, I really don’t like the negative SL:PT ratio.

September 2011

admin — Thu, 01 Sep 2011 20:19:54 +0000

I continue trading Forex Morning Trade with standard settings: Profit Target = 35, Stop Loss = 45 pips, Break Even = 25 pips, BreakEvenAddPips = 5, UseLongCandleFilter = true.

As of September, I’m stopping trading a Turbo Morning Trade system.
The results proved that the Turbo system doesn’t bring any enhancement to the standard system, so I’m stopping it and moving the money from that account to standard FMT system.

Forex Morning Trade

Live account (PFG Best)

1st September – SHORT
Entry: 1.62356
SL: 1.62326
P/L: +3 pips

2nd September- LONG
Entry: 1.61956
PT: 1.62306
P/L: + 35 pips

Weekly summary
(including 3 days from previous month)
3 profits, 1 loss, 1 BE,
the week ended with +63.4 pips profit.

5th September- SHORT
Entry: 1.61741
PT: 1.61391
P/L: + 35 pips

6th September- SHORT
Entry: 1.60716
PT: 1.61169
P/L: - 45.3 pips

7th September- NO TRADE

8th September- SHORT
Entry: 1.59491
PT: 1.59146
P/L: + 34.5 pips

9th September- SHORT
Entry: 1.59672
PT: 1.59315
P/L: + 35.7 pips

Weekly summary
3 profits, 1 loss
the week ended with +59.9 pips profit.

12th September- NO TRADE
Momentum was < 99.2

13th September – LONG
Entry: 1.58583
SL: 1.58130
P/L: -45.3 pips

14th September- SHORT
Entry: 1.57548
PT: 1.57196
P/L: + 35.2 pips

15th September – SHORT
Entry: 1.57621
SL: 1.57571
P/L: +5 pips

16th September- NO TRADE

Weekly summary
1 profit, 1 loss, 1 BE
the week ended with -5.1 pips loss.

19th September- SHORT
Entry: 1.56987
PT: 1.57439
P/L: - 45.2 pips

20th September- LONG
Entry: 1.56783
PT: 1.57151
P/L: + 36.8 pips

21st September- NO TRADE

22nd September- NO TRADE
Momentum was< 99.2

23rd September- LONG
Entry: 1.54020
PT: 1.54321
P/L: + 30.1 pips

Weekly summary
2 profits, 1 loss
the week ended with +21.7 pips profit.

26th September- SHORT
Entry: 1.54523
PT: 1.54973
P/L: - 45 pips

27th September- LONG
Entry: 1.55785
PT: 1.55333
P/L: - 45.2 pips

28th September- SHORT
Entry: 1.56299
PT: 1.56755
P/L: - 45.6 pips

29th September- NO TRADE

30th September- SHORT
Entry: 1.56028
PT: 1.55675
P/L: +35.3 pips

Weekly summary
1 profit, 2 losses
the week ended with -100.5 pips loss.

Comment on September results
We made only 14 pips this month.

August 2011

admin — Mon, 01 Aug 2011 14:11:55 +0000

I continue trading Forex Morning Trade with standard settings: Profit Target = 35, Stop Loss = 45 pips, Break Even = 25 pips, BreakEvenAddPips = 5, UseLongCandleFilter = true.

Turbo Morning Trade forward test continues with the same values:

FirstProfitTargetPips=35, FirstTargetClosingPercent=50, StopLossPips=45, BreakEvenAtPipsProfit=25, BreakEvenAddPips = 5, SecondProfitExitStrategy=3, TrailingStopPips=20, UseADRFilter = true, UseLongCandleFilter = true

Please note that Turbo Morning Trade uses partial profit, it exits with 50% of the position on PT #1 and then with the rest on PT #2. So the total result in pips for Turbo Morning Trade EA has to be divided by two to get the real results.
It is because if you’d trade with 0.1 lot, first profit will close 0.05 lot which means you’ll earn only half of the pips value.

Forex Morning Trade Live account (PFG Best)	Turbo Morning Trade EA Live account (Alpari UK)
1st August – LONG Entry: 1.64546 SL: 1.64085 P/L: - 46.1 pips	1st August – NO TRADE we avoided loss thanks to ADR filter
2nd August – LONG Entry: 1.63182 SL: 1.62732 P/L: - 45 pips	2nd August – LONG Entry: 1.63178 SL: 1.62728 P/L: - 45 pips
3rd August – SHORT Entry: 1.62675 SL: 1.63125 P/L: - 45 pips	3rd August – SHORT Entry: 1.62680 SL: 1.63130 P/L: - 45 pips
4th August – SHORT Entry: 1.63645 SL: 1.63595 P/L: + 5 pips	4th August – SHORT Entry: 1.63650 SL: 1.63600 P/L: + 5 pips
5th August – SHORT Entry: 1.62613 SL: 1.63063 P/L: - 45 pips	5th August – SHORT Entry: 1.62618 SL: 1.63068 P/L: - 45 pips
Weekly summary 0 profits, 4 losses, 1 BE, the week ended with -176.1 pips loss.	Weekly summary 0 profits, 3 losses, 1 BE, the week ended with -130 pips loss.
8th August – LONG Entry: 1.64114 SL: 1.64460 P/L: + 34.6 pips	8th August – NO TRADE
9th August – NO TRADE Unfortunately Momentum was very close under 100, otherwise it would be profit.	9th August – NO TRADE
10th August – NO TRADE	10th August – NO TRADE
11th August – LONG Entry: 1.61885 SL: 1.61440 P/L: - 44.5 pips	11th August – NO TRADE
12th August – NO TRADE	12th August – NO TRADE
Weekly summary 1 profit, 1 loss, the week ended with -9.9 pips loss.	Weekly summary 0 profits, 0 losses, the week ended with 0 pips.
15th August – LONG Entry: 1.62874 SL: 1.63227 P/L: + 35.3 pips	15th August – No trade
16th August- SHORT Entry: 1.63601 PT: 1.63251 P/L: + 35 pips	16th August- SHORT Entry: 1.63609 PT #1 (50%): 1.63488 : 12.1 pips / 2 PT #2 (50%): 1.63259 : 35 pips / 2 P/L: + 47.1 pips / 2 = 23.55 real pips
17th August – NO TRADE	17th August – NO TRADE
18th August – SHORT Entry: 1.65124 SL: 1.65074 P/L: + 5 pips	18th August – No trade Entry: 1.65132 SL: 1.65082 P/L: + 5 pips
19th August – NO TRADE	19th August – NO TRADE
Weekly summary 2 profits, 1 BE, the week ended with +75.3 pips profit.	Weekly summary 1 profit, 1 BE, the week ended with +28.55 pips profit.
22th August- SHORT Entry: 1.64790 PT: 1.64432 P/L: + 36.8 pips	22th August- SHORT Entry: 1.63609 PT #1 (50%): 1.64788 : 17.5 pips / 2 PT #2 (50%): 1.64788 : 35.7 pips / 2 P/L: + 53.2 pips / 2 = 26.6 real pips
23th August – NO TRADE	23th August – NO TRADE
24th August- SHORT Entry: 1.64907 PT: 1.64557 P/L: + 35 pips	24th August- SHORT Entry: 1.64914 PT #1 (50%): 1.64767 : 14.7 pips / 2 PT #2 (50%): 1.64562 : 35.2 pips / 2 P/L: + 49.9 pips / 2 = 24.95 real pips
25th August- SHORT Entry: 1.63661 PT: 1.63359 P/L: + 30.2 pips	25th August- SHORT Entry: 1.63716 PT: 1.63666: 5 pips P/L: + 5 real pips
26th August – NO TRADE	26th August – NO TRADE
Weekly summary 3 profits, the week ended with +102 pips profit.	Weekly summary 2 profits, 1 BE, the week ended with +55.95 pips profit.
29th August- LONG Entry: 1.63716 PT: 1.64070 P/L: + 35.4 pips	29th August- LONG Entry: 1.63711 PT #1 (50%): 1.63865 : 15.4 pips / 2 PT #2 (50%): 1.64062 : 35.1 pips / 2 P/L: + 50.5 pips / 2 = 25.25 real pips
30th August- SHORT Entry: 1.64027 PT: 1.643677 P/L: + 35 pips	30th August- SHORT Entry: 1.64032 PT #1 (50%): 1.63883 : 14.9 pips / 2 PT #2 (50%): 1.63682 : 35 pips / 2 P/L: + 49.9 pips / 2 = 24.95 real pips
31st August – LONG Entry: 1.63138 SL: 1.62688 P/L: - 45 pips	31st August – LONG Entry: 1.63141 SL: 1.62691 P/L: - 45 pips

Comment on August results
After a disastrous first week the system was able to recover and ended the month with a small profit.
We made only 16 pips, but I’m glad for that, because it looked like a big loss for this month after the first week.

Here we can see how important it is to trade consistently and trust the system despite short term bad results.

July 2011

admin — Mon, 04 Jul 2011 14:28:49 +0000

I continue trading Forex Morning Trade with standard settings: Profit Target = 35, Stop Loss = 45 pips, Break Even = 25 pips, BreakEvenAddPips = 5, UseLongCandleFilter = true.

Forex Morning Trade Live account (PFG Best)	Turbo Morning Trade EA Live account (Alpari UK)
1st July – LONG Entry: 1.60667 SL: 1.60716 P/L: + 4.9 pips	1st July – LONG Entry: 1.60630 SL: 1.60680 P/L: + 5 real pips
Weekly summary (including 4 days from previous month) 1 profit, 2 losses, 1 BE, the week ended with -50.1 pips loss.	Weekly summary (including 4 days from previous month) 1 profit, 1 loss, 1 BE, the week ended with -4.45 pips loss.
4th July- LONG Entry: 1.60753 PT: 1.61115 P/L: + 36.2 pips	4th July- LONG Entry: 1.60759 PT #1 (50%): 1.61111 : 35.2 pips / 2 PT #2 (50%): 1.61152 : 39.3 pips / 2 P/L: + 74.5 pips / 2 = 37.25 real pips
5th July- SHORT Entry: 1.60405 PT: 1.60051 P/L: + 35.4 pips	5th July- SHORT Entry: 1.60405 PT #1 (50%): 1.60055 : 35 pips / 2 PT #2 (50%): 1.60233 : 17.2 pips / 2 P/L: + 52.2 pips / 2 = 26.1 real pips
6th July- NO TRADE	6th July- NO TRADE
7th July- LONG Entry: 1.59813 PT: 1.59460 P/L: + 35.3 pips	7th July- LONG Entry: 1.59815 PT #1 (50%): 1.59550 : 26.5 pips / 2 PT #2 (50%): 1.59765 : 5 pips / 2 P/L: + 31.5 pips / 2 = 15.75 real pips big negative slippage at first PT
8th July- NO TRADE thanks to long candle filter	8th July- SHORT Entry: 1.59483 SL: 1.59933 P/L: -45 real pips I didn’t have long candle filter activated on Alpari, on another brokers you might have avoided this loss
Weekly summary 3 profits, 0 losses, the week ended with +106.9 pips profit.	Weekly summary 3 profits, 1 loss, the week ended with +34.1 pips profit.
11th July- SHORT Entry: 1.59996 PT: 1.59644 P/L: + 35.2 pips	11th July- SHORT Entry: 1.60016 PT #1 (50%): 1.59658 : 35.8 pips / 2 PT #2 (50%): 1.59822 : 19.4 pips / 2 P/L: + 55.2 pips / 2 = 27.6 real pips
12th July- SHORT Entry: 1.58630 SL: 1.58580 P/L: + 5 pips kicked out at BE, it went our way	12th July- SHORT Entry: 1.58637 SL: 1.58587 : 5 pips P/L: + 5 real pips
13th July- NO TRADE	13th July- NO TRADE
14th July- NO TRADE	14th July- NO TRADE
15th July- LONG Entry: 1.61553 SL: 1.61103 P/L: - 45 pips	15th July- LONG Entry: 1.61552 SL: 1.61102 P/L: - 45 real pips
Weekly summary 1 profit, 1 BE, 1 loss, the week ended with -7.5 pips loss.	Weekly summary 1 profit, 1 BE, 1 loss, the week ended with -12.4 pips loss.
18th July- SHORT Entry: 1.61061 SL: 1.61011 P/L: + 5 pips	18th July- NO TRADE
19th July- LONG Entry: 1.60573 PT: 1.60918 P/L: + 34.5 pips	19th July- LONG Entry: 1.60619 PT #1 (50%): 1.60976 : 35.7 pips / 2 PT #2 (50%): 1.61322 : 70.3 pips / 2 P/L: + 106 pips / 2 = 53 real pips
20th July- SHORT Entry: 1.61168 PT: 1.60818 P/L: + 35 pips	20th July- SHORT Entry: 1.61165 PT #1 (50%): 1.60814 : 35.1 pips / 2 PT #2 (50%): 1.60949 : 21.6 pips / 2 P/L: + 56.7 pips / 2 = 28.35 real pips
21st July- LONG Entry: 1.61640 PT: 1.61690 P/L: + 5 pips bad luck, it was only 1 pip from the profit	21st July- LONG Entry: 1.61635 SL: 1.61685 P/L: + 5 real pips
22nd July- NO TRADE	22nd July- NO TRADE
Weekly summary 2 profits, 2 BE, no loss, the week ended with +79.5 pips profit.	Weekly summary 2 profits, 1 BE, no loss, the week ended with +86.35 pips profit.
25th July- NO TRADE	25th July- NO TRADE
26th July- LONG Entry: 1.63535 PT: 1.63923 P/L: + 38.8 pips profit with a positive slippage	26th July- NO TRADE ADR Filter activated
27th July- LONG Entry: 1.64323 SL: 1.63873 P/L: - 45 pips	27th July- LONG Entry: 1.64326 SL: 1.63876 P/L: – 45 real pips
28th July- SHORT Entry: 1.63266 PT: 1.63216 P/L: + 5 pips	28th July- SHORT Entry: 1.63208 SL: 1.63158 P/L: + 5 real pips
29th July- NO TRADE	29th July- NO TRADE
Weekly summary 1 profits, 1 BE, 1 loss, the week ended with -1.2 pips loss.	Weekly summary 0 profits, 1 BE, 1 loss, the week ended with -40 pips loss.

Comment on July results
Quite a good month, we made over 180 pips, which represents 8% monthly increase of the account (by risking 2% per trade).

Turbo EA made smaller profit, it missed few profit trades. Given the poor performance of Turbo compared to FMT over the last few months, I’m be considering stopping this strategy and concentrate all my money to standard FMT system. I’ll wait one more month for the decision.

June 2011

admin — Wed, 01 Jun 2011 05:27:55 +0000

I continue trading Forex Morning Trade with standard settings: Profit Target = 35, Stop Loss = 45 pips, Break Even = 25 pips, BreakEvenAddPips = 5, UseLongCandleFilter = true.

Forex Morning Trade Live account (PFG Best)	Turbo Morning Trade EA Live account (Alpari UK)
1st June – NO TRADE	2nd June – NO TRADE
2nd June – SHORT Entry: 1.63322 SL: 1.63274 P/L: + 4.8 pips	2nd June – SHORT Entry: 1.63320 SL: 1.63270 P/L: + 5 real pips
3rd June – NO TRADE	3rd June – NO TRADE
Weekly summary 1 x BE, 4 x NO TRADE the week ended with +4.8 pips profit.	Weekly summary 1 x BE, 4 x NO TRADE the week ended with +5 pips profit.
6th June – NO TRADE	6th June – LONG Entry: 1.64230 SL: 1.63780 P/L: - 45 real pips
7th June – NO TRADE	7th June – NO TRADE
8th June – SHORT Entry: 1.64217 PT: 1.63867 P/L: + 35 pips first profit this month	8th June – SHORT Entry: 1.64217 PT #1 (50%): 1.63726 : 49.1 pips / 2 PT #2 (50%): 1.63740 : 47.7 pips / 2 P/L: + 96.8 pips / 2 = +48.4 real pips 2 retries when closing first profit and big slippage in our favor
9th June – LONG Entry: 1.64100 PT: 1.64455 P/L: + 35.5 pips	9th June – SHORT Entry: 1.64101 PT #1 (50%): 1.64449 : 34.8 pips / 2 PT #2 (50%): 1.64366 : 26.5 pips / 2 P/L: + 61.3 pips / 2 = +30.65 real pips
10th June – LONG Entry: 1.63199 PT: 1.62848 P/L: + 35.1 pips	10th June – SHORT Entry: 1.63199 PT #1 (50%): 1.62847 : 35.2 pips / 2 PT #2 (50%): 1.62769 : 43 pips / 2 P/L: + 78.2 pips / 2 = +39.1 real pips
Weekly summary very good week, 3 profits, no loss the week ended with +105.6 pips profit.	Weekly summary 1 loss, 3 profits the week ended with +73.15 pips profit.
13th June – SHORT Entry: 1.62279 SL: 1.62743 P/L: - 46.4 pips	13th June – SHORT Entry: 1.62295 SL: 1.62745 P/L: - 45 pips
14th June – LONG Entry: 1.64147 SL: 1.64193 P/L: + 4.6 pips	14th June – NO TRADE
15th June – SHORT Entry: 1.63633 SL: 1.63583 P/L: + 5 pips	15th June – SHORT Entry: 1.63647 PT #1 (50%): 1.63293 : 35.4 pips / 2 PT #2 (50%): 1.63533 : 11.4 pips / 2 P/L: + 46.8 pips / 2 = +23.4 real pips
16th June – SHORT Entry: 1.61725 SL: 1.61675 P/L: + 5 pips	16th June – SHORT Entry: 1.61733 SL: 1.61683 P/L: + 5 pips
17th June – SHORT Entry: 1.61074 SL: 1.61524 P/L: - 45 pips	17th June – SHORT Entry: 1.61089 SL: 1.61539 P/L: - 45 pips
Weekly summary 2 losses, 3 BE the week ended with -76.8 pips loss.	Weekly summary 1 profit, 2 losses, 1 BE the week ended with -61.6 pips loss.
20th June – SHORT Entry: 1.61223 SL: 1.61673 P/L: - 45 pips	20th June – SHORT Entry: 1.61224 SL: 1.61674 P/L: - 45 pips
21st June – LONG Entry: 1.62250 SL: 1.61793 P/L: - 45.7 pips	21st June – LONG Entry: 1.62261 SL: 1.61811 P/L: - 45 pips
22nd June – NO TRADE	22nd June – NO TRADE
23rd June – SHORT Entry: 1.60475 SL: 1.60425 P/L: + 5 pips	23rd June – SHORT Entry: 1.60463 SL: 1.60413 P/L: + 5 pips
24th June – LONG Entry: 1.60204 SL: 1.59751 P/L: - 45.3 pips	24th June – LONG Entry: 1.60198 SL: 1.59748 P/L: - 45 pips
Weekly summary 3 losses, 1 BE the week ended with -131 pips loss.	Weekly summary 3 losses, 1 BE the week ended with -130 pips loss.
27th June – SHORT Entry: 1.59383 SL: 1.59833 P/L: - 45 pips	27th June – SHORT Entry: 1.59391 SL: 1.59841 P/L: - 45 pips
28th June – SHORT Entry: 1.59643 PT: 1.59293 P/L: + 35 pips	28th June – SHORT Entry: 1.59631 PT #1 (50%): 1.59276 : 35.5 pips / 2 PT #2 (50%): 1.59375 : 25.6 pips / 2 P/L: + 61.1 pips / 2 = +30.55 real pips
29th June – NO TRADE	29th June – NO TRADE
30th June – LONG Entry: 1.61003 SL: 1.60553 P/L: - 45 pips	30th June – NO TRADE

Comment on June results
June was a losing month, we lost over 150 pips, which represents over 6% loss of the account (by risking 2% per trade).

It looked quite good in the beginning, but markets started to be unpredictable in the second half of the month, we had quite a few losses in a row.

By comparing FMT with Turbo we see that Turbo was losing slightly less, it misses few losing trades but also gained less.

May 2011

admin — Mon, 02 May 2011 13:25:09 +0000

I continue trading Forex Morning Trade with standard settings (remember we made a change to standard settings last month):
Profit Target = 35, Stop Loss = 45 pips, Break Even = 25 pips, Break Even Add Pips = 5, UseLongCandleFilter = true.

I use the same changes also for Turbo Morning Trade :

FirstProfitTargetPips=35, FirstTargetClosingPercent=50, StopLossPips=45, BreakEvenAtPipsProfit=25, BreakEvenAddPips=5, SecondProfitExitStrategy=3, TrailingStopPips=20, UseADRFilter = true, UseLongCandleFilter = true

Forex Morning Trade Live account (PFG Best)	Turbo Morning Trade EA Live account (Alpari UK)
2nd May – NO TRADE	2nd May – NO TRADE
3rd May – SHORT Entry: 1.66272 PT: 1.65940 P/L: + 36.2 pips first profit this month	3rd May – SHORT Entry: 1.66284 PT #1 (50%): 1.65933 : 35.1 pips / 2 PT #2 (50%): 1.65696 : 58.8 pips / 2 P/L: + 93.9 pips / 2 = +46.95 real pips
4th May – SHORT Entry: 1.64805 SL: 1.64759 P/L: + 4.6 pips	4th May – SHORT Entry: 1.64813 SL: 1.64763 P/L: + 5 pips
5th May – NO TRADE	5th May – NO TRADE
6th May – SHORT Entry: 1.63972 SL: 1.63923 P/L: + 4.9 pips kicked out at BE + 5 pips	6th May – SHORT Entry: 1.63990 SL: 1.63940 P/L: + 5 pips
Weekly summary 1 profit, 2 x BE the week ended with +45.7 pips profit.	Weekly summary 1 profit, 2 x BE the week ended with +56.95 pips profit.
9th May – NO TRADE	9th May – NO TRADE
10th May – LONG Entry: 1.63882 SL: 1.63429 P/L: - 45.3 pips	10th May – LONG Entry: 1.63865 SL: 1.63415 P/L: - 45 pips
11th May – SHORT Entry: 1.63546 SL: 1.63996 P/L: - 45 pips	11th May – SHORT Entry: 1.63544 SL: 1.63994 P/L: - 45 pips
12th May – SHORT Entry: 1.63660 PT: 1.63357 P/L: + 30.3 pips big slippage at entry, but finally profit	12th May – SHORT Entry: 1.63708 PT #1 (50%): 1.63356 : 35.2 pips / 2 PT #2 (50%): 1.63370 : 33.8 pips / 2 P/L: + 69 pips / 2 = +34.5 real pips
13th May – SHORT Entry: 1.62560 SL: 1.63012 P/L: - 45.2 pips	13th May – SHORT Entry: 1.62537 SL: 1.62987 P/L: - 45 pips
Weekly summary 1 profit, 3 losses the week ended with -105.2 pips loss.	Weekly summary 1 profit, 3 losses the week ended with -100.5 pips loss.
16th May – SHORT Entry: 1.61713 SL: 1.62168 P/L: - 45.5 pips	16th May – SHORT Entry: 1.61721 SL: 1.62171 P/L: - 45 pips
17th May – NO TRADE	17th May – NO TRADE
18th May – NO TRADE No trade because of LongCandle filter	18th May – NO TRADE
19th May – LONG Entry: 1.61703 PT: 1.62056 P/L: + 35.3 pips	19th May – LONG Entry: 1.61705 PT #1 (50%): 1.62050 : 34.5 pips / 2 PT #2 (50%): 1.61788 : 8.3 pips / 2 P/L: + 42.8 pips / 2 = +21.4 real pips
20th May – LONG Entry: 1.62347 PT: 1.62692 P/L: + 34.5 pips	20th May – LONG Entry: 1.62346 PT #1 (50%): 1.62696 : 35 pips / 2 PT #2 (50%): 1.62483 : 13.7 pips / 2 P/L: + 48.7 pips / 2 = +24.35 real pips
Weekly summary 2 profits, 1 loss the week ended with +24.3 pips profit.	Weekly summary 2 profits, 1 loss the week ended with +0.75 pips profit.
23th May – NO TRADE	23th May – SHORT Entry: 1.62016 PT #1 (50%): 1.61666 : 35 pips / 2 PT #2 (50%): 1.61620 : 39.6 pips / 2 P/L: + 74.5 pips / 2 = +37.25 real pips
24th May – NO TRADE	24th May – NO TRADE
25th May – SHORT Entry: 1.61644 SL: 1.61594 P/L: + 5 pips	25th May – SHORT Entry: 1.61658 SL: 1.61608 P/L: +5 real pips
26th May – LONG Entry: 1.63049 PT: 1.63409 P/L: + 36 pips	26th May – NO TRADE filtered out by ADR filter
27th May – LONG Entry: 1.64456 PT: 1.64809 P/L: + 35.3 pips	27th May – NO TRADE filtered out by ADR filter
Weekly summary 2 profits, 1 BE the week ended with +76.3 pips profit.	Weekly summary 1 profit, 1 BE the week ended with +42.25 pips profit.
30th May – NO TRADE	30th May – NO TRADE
31st May – NO TRADE	31st May – NO TRADE
Whole May summary 6 profits, 4 losses, the month ended with + 41.1 pips profit.	Whole May summary 5 profits, 4 losses, the month ended with - 0.55 pips loss.

Comment on May results
For some time it looked like we’d end up with loss this month, but in the end we made a small profit of 40 pips, which is around 2% of the account return.

I’m quite satisfied, because the system was able to recover from the big loss in the second week.