I continue trading Forex Morning Trade with standard settings, I just added long candle filter: 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.
It would be also interesting to see differences in entries and exits between live and demo account.
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Forex Morning Trade Live account (PFG Best) |
Turbo Morning Trade EA Demo account (Alpari UK) |
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3rd January- SHORT Entry: 1.5546 PT: 1.5509 P/L: + 37 pips first profit in the new year |
3rd January- NO TRADE I had no signal on Alpari |
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4th January- SHORT Entry: 1.5459 SL: 1.5499 P/L: - 40 pips and a first loss in the new year |
4th January- SHORT Entry: 1.5460 SL: 1.5500 P/L: - 40 pips |
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5th January- SHORT Entry: 1.5546 SL: 1.5587 P/L: - 41 pips |
5th January- SHORT Entry: 1.5545 SL: 1.5585 P/L: - 40 pips |
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6th January- LONG Entry: 1.5509 SL: 1.5506 P/L: - 3 pips kicked out at BE, then it went our way |
6th January- LONG Entry: 1.5507 SL: 1.5507 P/L: 0 pips |
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7th January- SHORT Entry: 1.5437 SL: 1.5437 P/L: 0 pips kicked out at BE, protected us from the loss |
7th January- SHORT Entry: 1.5437 SL: 1.5437 P/L: 0 pips |
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Weekly summary 1 profit, 2 losses, 2 times BE, the week ended with -47 pips loss. |
Weekly summary 0 profits, 2 losses, 2 times BE, the week ended with -80 pips loss. |
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10th January- SHORT Entry: 1.5537 PT: 1.5501 P/L: + 36 pips |
10th January- NO TRADE I had no signal on Alpari |
| 11th January- NO TRADE | 11th January- NO TRADE |
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12th January- LONG Entry: 1.5643 SL: 1.5643 P/L: 0 pips bad luck today, just 1-2 pips more were needed to reach the profit. I got out at BE. |
12th January- LONG Entry: 1.5644 PT #1 (50%): 1.5681 : 37 pips / 2 PT #2 (50%): 1.5653 : 9 pips / 2 P/L: + 46 pips / 2 = 23 real pips |
| 13th January- NO TRADE | 13th January- NO TRADE |
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14th January- SHORT Entry: 1.5834 SL: 1.5834 P/L: 0 pips stopped out at BE |
14th January- SHORT Entry: 1.5834 SL: 1.5834 P/L: 0 real pips |
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Weekly summary 1 profit, 0 losses, 2 times BE, the week ended with +36 pips profit. |
Weekly summary 1 profits, 0 losses, 2 times BE, the week ended with +23 pips profit. |
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17th January- SHORT Entry: 1.5862 SL: 1.5862 P/L: 0 pips |
17th January- SHORT Entry: 1.5863 SL: 1.5862 P/L: 0 real pips |
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18th January- LONG Entry: 1.5937 PT: 1.5973 P/L: + 36 pips |
18th January- LONG Entry: 1.5937 PT #1 (50%): 1.5972 : 35 pips / 2 PT #2 (50%): 1.6013 : 76 pips / 2 P/L: + 111 pips / 2 = 55.5 real pips |
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19th January- LONG Entry: 1.6023 SL: 1.5983 P/L: - 40 pips |
19th January- NO TRADE |
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20th January- SHORT Entry: 1.5955 PT: 1.5919 P/L: + 36 pips |
20th January- SHORT Entry: 1.5956 PT #1 (50%): 1.5921 : 35 pips / 2 PT #2 (50%): 1.5936 : 20 pips / 2 P/L: + 55 pips / 2 = 27.5 real pips |
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21st January- LONG Entry: 1.5924 SL: 1.5881 P/L: - 43 pips |
21st January- LONG Entry: 1.5926 SL: 1.5886 P/L: - 40 real pips |
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Weekly summary 2 profits, 2 losses, 1 time BE, the week ended with -11 pips loss. |
Weekly summary 2 profits, 1 loss, 1 time BE, the week ended with +43 pips profit. |
| 24th January- NO TRADE |
24th January- SHORT Entry: 1.5971 SL: 1.5971 P/L: 0 real pips |
| 25th January- NO TRADE | 25th January- NO TRADE |
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26th January- LONG Entry: 1.5825 SL: 1.5784 P/L: - 41 pips |
26th January- LONG Entry: 1.5824 SL: 1.5824 P/L: - 40 real pips |
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27th January- LONG Entry: 1.5909 SL: 1.5907 P/L: - 2 pips |
27th January- LONG Entry: 1.5913 SL: 1.5913 P/L: 0 real pips |
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28th January- SHORT Entry: 1.5901 PT: 1.5866 P/L: + 35 pips |
28th January- SHORT Entry: 1.5901 PT #1 (50%): 1.5866 : 35 pips / 2 PT #2 (50%): 1.5875 : 26 pips / 2 P/L: + 61 pips / 2 = 30.5 real pips |
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Weekly summary 1 profit, 1 loss, 1 time BE, the week ended with -8 pips loss. |
Weekly summary 1 profit, 1 loss, 1 time BE, the week ended with -9.5 pips loss. |
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31st January- LONG Entry: 1.5878 SL: 1.5846 P/L: - 32 pips I moved SL under the swing after I saw it could go to stop |
31st January- NO TRADE |
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Whole January summary 5 profits, 6 losses, the month ended with -62 pips loss. |
Whole January summary 4 profits, 4 losses, the month ended with -23.5 pips loss. |
Comment on January results
January was a slightly losing month, we lost 62 pips, which represents around 3% loss of the account (by risking 2% per trade).
Looking back it continued to be unpredictable, very similar to December. It was never sure which way the market will go after the London open. Hopefully the markets will come to a more “normal” state now, I’m looking forward to February results.
It is also a second month when our Turbo strategy (on a demo account) made smaller loss than original strategy. I’ll continue trading the Turbo on a forward test, I’m interested in results in profitable month – if Turbo results will be better/worse than original strategy.