I continue trading Forex Morning Trade with standard settings: Profit Target = 35, Stop Loss = 40 pips, Break Even = 20 pips, UseLongCandleFilter = true.
Turbo Morning Trade forward test continues with the same values:
FirstProfitTargetPips=35, FirstTargetClosingPercent=50, StopLossPips=40, BreakEvenAtPipsProfit=20, 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.
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Forex Morning Trade Live account (PFG Best) |
Turbo Morning Trade EA Live account (Alpari UK) |
| 1st April – NO TRADE | 1st April – NO TRADE |
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Weekly summary (including 4 days ! from March) 3 profits, 1 loss the week ended with +67.9 pips profit. |
Weekly summary (including 4 days ! from March) 3 profits the week ended with +91.95 pips profit. |
| 4th April – NO TRADE | 4th April – NO TRADE |
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5th April – SHORT Entry: 1.61219 SL: 1.61219 P/L: 0 pips we were just few pips from profit, unfortunately the price turned the opposite way |
5th April – SHORT Entry: 1.61222 SL: 1.61222 P/L: 0 real pips |
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6th April – LONG Entry: 1.63311 SL: 1.63309 P/L: -0.2 pips again kicked out at BE |
6th April – LONG Entry: 1.63315 SL: 1.63315 P/L: 0 real pips |
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7th April – SHORT Entry: 1.62962 SL: 1.62969 P/L: -0.7 pips what a bad luck again, just 0.6 pips from the profit and it turned to BE |
7th April – SHORT Entry: 1.62924 SL: 1.62924 P/L: 0 real pips |
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8th April – LONG Entry: 1.63809 SL: 1.63806 P/L: -0.3 pips and BE hit again |
8th April – NO TRADE |
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Weekly summary 3 times BE, no profit, no loss the week ended with -1.2 pips loss (only by slippage). It was really a funny week, I don’t remember something like this happened in the past. We got also quite a bad luck, every time the trade almost reached the profit. |
Weekly summary 3 times BE, no profit, no loss the week ended with 0 pips profit. |
| 11th April – NO TRADE | 11th April – NO TRADE |
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12th April – SHORT Entry: 1.62965 SL: 1.62968 P/L: -0.3 pips |
12th April – SHORT Entry: 1.62969 SL: 1.62969 P/L: 0 real pips |
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A comment to the recent wave of Break Evens It is already 5th or 6th trade where we got very close to the profit (1-3 pips), but then the trade reversed and we ended up with BE (0 pips). I don’t believe in any broker conspiracy or stops hunting, we are too small players for that. In my opinion it is just a coincidence and bad luck, but I think there’s nothing wrong about temporarily decreasing PT/SL by 5 pips to 30/35 to get a bigger chance of hitting the profit. I personally won’t do it, but any of you using my system can consider it. |
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| 13th April – NO TRADE | 13th April – NO TRADE |
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14th April – LONG Entry: 1.63423 SL: 1.63423 P/L: 0 pips trade opened with quite big slippage |
14th April – NO TRADE |
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15th April – SHORT Entry: 1.63291 SL: 1.63691 P/L: -40 pips first stop loss this month, but by a pip only. If you got more lucky you could get a profit today. |
15th April – SHORT Entry: 1.63295 SL: 1.63695 P/L: -40 real pips |
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Weekly summary 0 profits, 1 loss the week ended with -40 pips loss. |
Weekly summary 0 profits, 1 loss the week ended with -40 pips loss. |
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18th April – SHORT Entry: 1.62838 SL: 1.62843 P/L: -0.5 pips |
18th April – SHORT Entry: 1.62866 SL: 1.62866 P/L: 0 real pips |
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Important – Change of parameters From 19th April I’m changing the recommended settings. Changes made: - Entering trade 15 minutes earlier (at 6:15 UK time) - Stop Loss increased from 40 pips to 45 pips - BreakEvenAtPipsProfit = 25 (from 20) and BreakEvenAddPips = 5 pips (from 0) All the other parameters remain as before. The same change was made also for Turbo Morning Trade settings. Complete settings for Forex Morning Trade: Turbo Morning Trade settings: |
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| 19th April – NO TRADE | 19th April – NO TRADE |
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20th April – LONG Entry: 1.63456 SL: 1.63505 P/L: +4.9 pips |
20th April – LONG Entry: 1.63460 SL: 1.63510 P/L: +5 real pips |
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21st April – LONG Entry: 1.64303 PT: 1.64667 P/L: + 36.4 pips finally a profit this month |
21st April – LONG Entry: 1.64319 PT #1 (50%): 1.64668 : 34.9 pips / 2 PT #2 (50%): 1.64458 : 13.9 pips / 2 P/L: + 48.8 pips / 2 = +24.4 real pips |
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22nd April – SHORT Entry: 1.65148 SL: 1.65612 P/L: -46.4 pips |
22nd April – SHORT Entry: 1.65144 SL: 1.65594 P/L: -45 real pips |
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Weekly summary 1 profit, 1 loss, 1 BE the week ended with -5.1 pips loss. |
Weekly summary 1 profit, 1 loss, 1 BE the week ended with -15.60 pips loss. |
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25th April – LONG Entry: 1.65181 SL: 1.65231 P/L: + 5 pips we nearly hit the PT, ended up with BE again |
25th April – NO TRADE |
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26th April – SHORT Entry: 1.64550 SL: 1.65007 P/L: -45.7 pips |
26th April – SHORT Entry: 1.64545 SL: 1.64995 P/L: -45 real pips |
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27th April – LONG Entry: 1.65038 SL: 1.64579 P/L: -45.9 pips |
27th April – LONG Entry: 1.65035 SL: 1.64585 P/L: -45 real pips |
| 28th April – NO TRADE | 28th April – NO TRADE |
| 29th April – NO TRADE | 29th April – NO TRADE |
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Whole April summary 9 times Break Even (I count also these 5 pip profits as a BE), 1 profit, 4 losses, the month ended with - 133.2 pips loss. |
Whole April summary 6 BE, 1 profit, 4 losses, the month ended with - 145.6 pips loss. |
Comment on April results
Month with moderate loss, -133 pips represents around 6% loss of the account (by risking 2% per trade).
The problem this month was a very big number of Break Evens (9), where we ended up with zero, while watching that the price went just few pips from our defined profit target.
This month we changed the settings and entry time, it should improve our trading results.