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Thread: LMT Forex Formula

  1. #41
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    Thanks Rolf. Just came back and saw this, great work!

    Andy

  2. #42
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    This is an updated version of LMT autotrader with money management and ADX confirmation of trend. I will run a forward test on all 28 pairs within the next 4 weeks. Backtests (which are faster now) were mixed, depending on the pair.

    Feedbacks will be processed after July 19 when I am back from vacation.
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    Last edited by Rolf; 07-02-2009 at 19:17.

  3. #43

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    Cheers Rolf.

    I get very shoddy results from the EA though. Makes me wonder if the LMT formula is really as good as it is touted to be.

  4. #44
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    I have mixed experience with LMT. Maybe there are also some bugs? To exclude that I wil forward test it over the next 3-4 weeks. But anyhow I think, personal judgment is crucial to exclude shay conditions as have it right now. I try to find an indicator giving me a filter to exclude those times.

  5. #45
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    Something very strange hapened on this LMT EA yesterday in my demo FXDD a/c, it opened a sell trade at 1.4 with a SL of 1.3978 which is a lower price. The trade closed with profit though.. what could be the reason..

    Andy

  6. #46
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    Andy
    did you use v1.0 or v1.1? in v1.0 mI detected a sign error which is corrected now. Otherwise I have to check
    Rolf

  7. #47

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    In forward testing it seems to be doing OK on the H4 across multiple pairs.

  8. #48
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    Thanks Rolf, i will do some testing

    Quote Originally Posted by Rolf View Post
    This is an updated version of LMT autotrader with money management and ADX confirmation of trend. I will run a forward test on all 28 pairs within the next 4 weeks. Backtests (which are faster now) were mixed, depending on the pair.

    Feedbacks will be processed after July 19 when I am back from vacation.

  9. #49

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    Just curious how the trade gets closed Rolf...

    In stage one: (Before moving the SL to break even), does the trade close in a loss when it hits the inital stop loss, or when the trade goes over the red MA line?

    I'm not sure which one is better to use BEFORE the break even gets moved..... There must be some way to dodge many unnecessary losses.

  10. #50
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    Rolf

    This latest version is working very well in my backtets, much more profitable than the previous version, probably has to do with the added ADX filter and some bug fixes, anyhow great work once again

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