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:
Since the beginning of December, I’m starting trading also Turbo Morning Trade EA on a DEMO account, with partial profit settings from the Turbo sales page:
FirstProfitTargetPips=35, FirstTargetClosingPercent=50, StopLossPips=40, BreakEvenAtPipsProfit=20, SecondProfitExitStrategy=3, TrailingStopPips=20, UseADRFilter = true, UseLongCandleFilter = true
This doesn’t mean that this is the best setting, I’m still running the tests. You should do your homework and find the best setting for you.
Also, 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 Demo account (Alpari UK) |
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1st February- LONG Entry: 1.6065 PT: 1.6101 P/L: + 36 pips first profit in the new month |
1st February- LONG Entry: 1.6065 PT #1 (50%): 1.6103 : 38 pips / 2 PT #2 (50%): 1.6095 : 30 pips / 2 P/L: + 68 pips / 2 = 34 real pips |
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2nd February- LONG Entry: 1.6158 PT: 1.6193 P/L: + 35 pips |
2nd February- LONG Entry: 1.6157 PT #1 (50%): 1.6192 : 35 pips / 2 PT #2 (50%): 1.6168 : 11 pips / 2 P/L: + 46 pips / 2 = 23 real pips |
| 3rd February- NO TRADE | 3rd February- NO TRADE |
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4th February- SHORT Entry: 1.6138 PT: 1.6102 P/L: + 36 pips |
4th February- SHORT Entry: 1.6139 PT #1 (50%): 1.6104 : 35 pips / 2 PT #2 (50%): 1.6108 : 31 pips / 2 P/L: + 66 pips / 2 = 33 real pips |
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Weekly summary (including 1 day from January) 3 profits, 1 loss the week ended with +75 pips profit. |
Weekly summary (including 1 day from January) 3 profits, 0 losses the week ended with +90 pips profit. |
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7th February- LONG Entry: 1.6138 PT: 1.6172 P/L: + 34 pips 4th win in a row, very nice winning streak |
7th February- LONG Entry: 1.6139 PT #1 (50%): 1.6174 : 35 pips / 2 PT #2 (50%): 1.6157 : 18 pips / 2 P/L: + 53 pips / 2 = 26.5 real pips |
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8th February- LONG Entry: 1.6148 SL: 1.6106 P/L: - 42 pips |
8th February- LONG Entry: 1.6148 SL: 1.6108 P/L: - 40 real pips |
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9th February- LONG Entry: 1.6080 SL: 1.6039 P/L: - 41 pips |
9th February- LONG Entry: 1.6078 SL: 1.6078 P/L: 0 real pips |
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10th February- SHORT Entry: 1.6095 PT: 1.659 P/L: + 36 pips |
10th February- SHORT Entry: 1.6096 PT #1 (50%): 1.6060 : 36 pips / 2 PT #2 (50%): 1.6056 : 40 pips / 2 P/L: + 76 pips / 2 = 38 real pips |
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11th February- SHORT Entry: 1.6036 PT: 1.6000 P/L: + 36 pips |
11th February- SHORT Entry: 1.6038 PT #1 (50%): 1.6003 : 35 pips / 2 PT #2 (50%): 1.6007 : 31 pips / 2 P/L: + 66 pips / 2 = 33 real pips |
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Weekly summary 3 profits, 2 losses the week ended with +23 pips profit. |
Weekly summary 3 profits, 0 losses the week ended with +57.5 pips profit. |
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14th February- LONG Entry: 1.6059 PT: 1.6018 P/L: - 41 pips |
14th February- NO TRADE |
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15th February- LONG Entry: 1.6042 PT: 1.6077 P/L: + 35 pips |
15th February- LONG Entry: 1.6042 PT #1 (50%): 1.6078 : 36 pips / 2 PT #2 (50%): 1.6050 : 8 pips / 2 P/L: + 44 pips / 2 = 22 real pips |
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16th February- LONG Entry: 1.6163 PT: 1.6162 P/L: - 1 pip |
16th February- LONG Entry: 1.6162 SL: 1.6162 P/L: 0 real pips |
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17th February- LONG Entry: 1.6110 PT: 1.6145 P/L: + 35 pips |
17th February- LONG Entry: 1.6109 PT #1 (50%): 1.6144 : 35 pips / 2 PT #2 (50%): 1.6123 : 14 pips / 2 P/L: + 49 pips / 2 = 24.5 real pips |
| 18th February- NO TRADE | 18th February- NO TRADE |
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Weekly summary 2 profits, 1 loss, 1 BE the week ended with +28 pips profit. |
Weekly summary 2 profits, 0 losses the week ended with +46.5 pips profit. |
| 21st February- NO TRADE |
21st February- SHORT Entry: 1.6237 SL: 1.6237 P/L: 0 real pips kicked out at BE, then it went our way |
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22nd February- SHORT Entry: 1.6164 SL: 1.6164 P/L: 0 pips |
22nd February- SHORT Entry: 1.6166 SL: 1.6166 P/L: 0 real pips |
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23rd February- LONG Entry: 1.6187 PT: 1.6223 P/L: + 36 pips |
23rd February- LONG Entry: 1.6186 PT #1 (50%): 1.6221 : 35 pips / 2 PT #2 (50%): 1.6202 : 16 pips / 2 P/L: + 51 pips / 2 = 25.5 real pips |
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24th February- SHORT Entry: 1.6209 PT: 1.6174 P/L: + 35 pips |
24th February- SHORT Entry: 1.6207 PT #1 (50%): 1.6172 : 35 pips / 2 PT #2 (50%): 1.6176 : 31 pips / 2 P/L: + 66 pips / 2 = 33 real pips |
| 25th February- NO TRADE | 25th February- NO TRADE |
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Weekly summary 2 profits, 0 losses, 1 BE the week ended with +71 pips profit. |
Weekly summary 2 profits, 0 losses the week ended with +58.5 pips profit. |
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28th February- LONG Entry: 1.6109 PT: 1.6145 P/L: + 36 pips |
28th February- LONG Entry: 1.6108 PT #1 (50%): 1.6145 : 37 pips / 2 PT #2 (50%): 1.6128 : 20 pips / 2 P/L: + 57 pips / 2 = 28.5 real pips |
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Whole February summary 10 profits, 3 losses, the month ended with + 265 pips profit. |
Whole February summary 11 profits, 0 losses, the month ended with + 281 pips profit. |
Comment on February results
February was a great month, the best since I started offering the system to the others, and one of the best during its whole trading history. We made 265 pips, which represents more than 13% increase of the account (by risking 2% per trade).
I’m happy with the results, but I also want to say let’s not get too greedy and stay on the ground. We have to realize that not every month will be like this, so we should still use the conservative risk strategy of maximum 2-4% of the account size per one trade.
As announced in my newsletter, from next month I’m starting to trade Turbo strategy on a real live account (not on Demo), so we’ll be able to really compare both strategies.