:) Submitted a ticket to MD support last night to authenticate and received a response this morning. From what it said on Donnaforex, it takes a few days for the authentication because they have a backlog. In any case, it was only $7.
If you sent emails to MD, they won't respond. You need to open a support ticket. Read over the entire thread on Donnaforex.com, Commercial Paid EA's, PipLaser.
The template must be installed or the EA won't open a trade. Also, the template must have the same settings as the EA. So everytime you open a chart, you have to load the template and the EA, and make sure both settings match.
The correct time is 06:30 London. However, 06:00 works better.
Yes, by all means go for it, but with any EA start with demoing it for awhile. Learn how to backtest different settings. Then go live and start with a small risk to see how it performs live. All EA's perform differently live than demo and backtests. I've only been doing forex since July. I...
Decided to change settings slightly based upon the FMT forum and more backtesting:
FMT original, trade at regular time: 40SL, 25TP, 7 add pips.
The regular trading time is more profitable with less losses with 25 TP. Though I only backtested from Oct. 31. Someone on the forum is using the 25...
ATR isn't set to 60%.
I use all default settings, with the following
40SL, 20BE, 0, 0, 0, 35 TP, 60% closing for 1st profit, Exit 1, ATR true.
Someone else said they are using close with pips for 2nd level, so I have to try that.
Make sure you check the lot sizes. I backtested tonight with the new version and couldn't figure out why Turbo was making less, and it was because of the lot sizes. Max lots in the default settings are set to .5 which is testing at .50 cents/lot.
I also use a 30 minute earlier trading time.
Trading time of Turbo and FMT that I've been using are 30 minutes earlier.
Therefore FMT is at 6:30 (for IBFX), I'm using 6:00 - 6:30.
I always had better results with FMT 30 minutes earlier.
Turbo has much better results than FMT.
I use 40SL, 20BE, 0,0,0, 35TP, 50% (instead of 60%...
I just realized that the settings for Turbo that I'm using also has the ATR trailing stop on True.
Also testing to see if a set time of 06:00 -06:00 is better than 06:00 - 06:30 or 06:00 - 06:45.
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