Hi Glenn. My only real winner so far is the EURJPY with 200+ pips in the last week or so. GBPJPY is only at 15 and the rest (pound-dollar especially) are losers. So I have cut back to only the EURJPY for now. I'm trying your new setting of 80/20. ...

The pairs started ranging and the profits vanished.

The positive 6 is correct. I live in the Central Time zone. It depends on your broker time not your local time. If your Broker is FX DD they are GMT +3 so use 3. If your broker is IBFX then just use no offset because they are on GMT.

I keep plodding along with my late opening 1.0f. I open the trade at 2 AM EST (6 GMT now) on IBFX. The offset is 6 on IB-FX. TP 150, SL 50, max trades 2. I close the trades after 8 hours (10 AM EST). I like it.

Is there some reason you thought your demo was invalid? I would caution against ignoring a "bad test". That is really why we test these things. I know that we all really want the EA to be successful, but we shouldn't ignore a bad run. They happen ...

Not a good week. Made 1 pip!!! I'm attaching two statements, one for this week only and one for all history of the account since March 16. The full test is still up 150 pips. I use TP of 150. SL of 50. Max 2 trades. I set the EA for an offset of 6 ...

Eureka! Are you trading on IBFX? I guess what I'm asking is what time are you initiating your trades? 0 GMT or at another time? thanks.

I think the GBPJPY is the only pair that moves enough to be effective for this method. Even the GBPCHF is somewhat marginal now. Also, the GBPJPY daily range has been growing smaller lately, which probably accounts for the number of stop outs ...

My advice would be: Don't trade with Firebird.

Just keep running it. You'll see. Hope you are using very small lots.

I am happy with this. 1.0F since last Friday. Started at 6 GMT (shift 6 on IBFX) two max trades. SL 50, TP 140. shut down at 14. I am a happy camper.

Ranging markets. If there is a trend one way this system is great. But when the market fluctuates, it is not good.

Artamon.... Are you using the Fozzy 2.2 EA? What pairs are you trading? Thanks for sharing your journal.

Skyline. I'm still using your 1.0f on several accounts. Mostly on GBPJPY and GBPCHF. I think it works like a champ. Thanks (Can't decide if its better with max trades = 2 or maxtrades = 3). Decisions decisions.

Thanks JillyB. Your methods are quite eye-opening.

Hi JillyB You take profits at 8am. But what time zone is that? I think I would also do better if I did that. I anm Central USA.

I can see your points here "Bad Hair". Yes, I see some comments which puzzle me and make me wonder if anybody is paying attention! There are no EA slot machines here! I do both types of trading actually. Manual and EA. In fact I probably use ...

I wasn't talking at all about TK's comments. I am talking about others who think the EA experimenters should be gone. I think we should enjoy all the comments and use what seems good to us as individual traders. Straddle or not. TP or not. Wait til ...

Yes, I always have a stop loss. Even today. I think you saw the GBPUSD which was closed at the closing hour rather than by a stop. I have been using 50 for the GBPJPY and 40 for the Cable.

Seems that the EAs are officially bad and not used by "real" traders. I rather like having a properly crafted EA stay up at night for me, placing reversal orders and changing stops, so I can get some sleep and be alert when people around me expect ...