Comments on: How to Trade the LMT Forex Formula

By: martins1812

martins1812 — Tue, 22 Sep 2009 16:52:18 +0000

Jennifer, are you having problems using lmt or you need a complete tutorial on it. Mine is working fine and I use it in a very significant way that out of every 10 signals I hardly lose a trade. You may email me for an andvanced but easy way to make your money out of lmt.

Martins

By: Mark

Mark — Sun, 13 Sep 2009 16:21:50 +0000

is this place still alive? any one making real and good profits? put some Mt4 stats up for someone to see Marc…will be more convincing =)

By: Jennifer

Jennifer — Wed, 22 Jul 2009 08:34:46 +0000

Marc,

On Q2, does this mean that it is advicable to start a new platform (i.e. forexmeta) just for LMT?

By: Marc

Marc — Wed, 22 Jul 2009 07:53:27 +0000

Hi jennifer. I know you are excited but just use the lmt on a demo account until you are 100% confident with it. We are currently in the middle of the quieter summer months and you need to follow the advanced rules.

Just load 1 chart for each of the pairs. the lmt will tell you if there is a daily or 4hour signal. I just stay in the same profile and change the time from 4hr to daily on the bar at the top in metatrader.
re question 2. ignore the timing on your platform, they all seem to be offset. you just need to know what time the candles close in your time zone. also, we are all running 2 or even 3 different platforms to get more signals. deans recommended broker is forexmeta, just download another metatrader platform from them. marc

By: Jennifer

Jennifer — Wed, 22 Jul 2009 01:31:20 +0000

Hey Hey Marc and fellow senior,

Got LMT, am excited. : ) Can you loop me in the advance LMT techique?

Question 1:
Can i run LMT on difference profile setting as according to the difference currencies? I realised when i switch profile to difference currencies, LMT are de-activated. Only those that are on screen are active.

So it means that, I need to load all the suggested currencies in the same profile? Doesn’t that means that I will have lots of screen, 2 TF for each currency, so with 8 currency —> That is 16 screen all jammed in one profile?

Is there a better way?

Question 2:
I don’t understand the timing that is on the screen, what time from is that? It is not GMT=0? I am using IBFX, so I need to add +2hrs to my actual platform trading time?

Best Regards
Jennifer

By: Gally

Gally — Tue, 21 Jul 2009 18:31:29 +0000

Though, oddly (and I know Marc trades it), EUROGBP isn’t an ‘official’ LMT pair. UNless I’m going crazy…

By: andre

andre — Tue, 21 Jul 2009 00:16:54 +0000

i am going long with euro,gbp and aud.TP 1.5000 for euro. and 1.7256 gor GBP.and wait LMT signal.SL 155

By: alx

alx — Wed, 24 Jun 2009 08:12:55 +0000

A bit of explanation: cycle length is number of DAYS from one top to another top (or bottom).
The cycle is a kind of sinusoid. If you start from bottom, expect prices to go up for a half of the cycle then down. Opposite for top reference.
You always take the last top/bottom as a starting point as cycles shift over time. Allow one/two days difference. E.g you may find 20 or 22 instead of 21 but that’s fine.
Cycles interfere with each other. That once cycle may boost another one if they work in sync or flat if out of sync.
Example: today is 56th day since last major bottom on EURUSD – we can expect we are at another bottom preparing to go up.
Yesterday new 8 day bottom-to-bottom cycle began. This adds to the above.
In addition there is still 21 cycle in effect, however this time top to top meaning we may expect this short term uptrend to stop in two-three days. Depending on the strength of the shortest cycle, it may flat or regress prices for about 4 days.
How this adds to the LMT? If you wonder when the system would start/stop giving good signals, try to find out the current cycles.

By: alx

alx — Wed, 24 Jun 2009 07:38:58 +0000

Hi All,
I just came across very interesting cycle pattern for the USD crosses.
The base daily cycles are:
5, 8, 13, 21, 35, 55, 89
This proved to be true from 05 Jan 2009.
If you look when to get in, use Cycle Lines tool and apply one of the values to see where we are.

By: alx

alx — Sat, 20 Jun 2009 20:36:00 +0000

Hi All,
I did some backtesting and I found the initial Stop Loss may sometimes be too tight by just couple of pips.
I would recommend add 10-15% of the Stop Loss as a buffer.
This will add a little more risk, but allow for more big runs.
And be sure you INCLUDE your SPREAD in stop calculations. 3 pips may sound nothing vs. 50 but it may kick out good trade with loss instead of profit!