Melly, at your page i see nothing in detail about this bot and you also write the below text.
'For the time being, I've followed the developer's recommendations and set Fast Forex Millions up using the default risk settings, with the exception that I've lowered the default risk setting of 10.0 such that I'm only risking 3.0% of the account balance per trade in my forward test.'
The developer send the info out that is best to change the filters to your broker needs. see below...
There's this message from the FFM team:
I hope your having a wonderful day. Just in case you didn't read the text file that was accompanied by the zip file when you downloaded Fast Forex Millions I would like to let you know what it said.
As this advice can help you manipulate the performance of the robot for your broker.
FilterDepth setting in robot settings will range depending on Dual Mode setting. (Info below)
When DualMode = true Range: 0 - 1200
When DualMode = false Ranger: 0 - 2400
Depending on your broker, and price feed and such, you can control the sensitivity of the trade strategy to be safer or less safer. If you find it's not trading well for you, you can increase the filterdepth to the max number above between. You can add 150 - 300 a week on the filters up to the max range to improve results.
By doing this you are able to 'tune' the robot to your broker.
Best of luck!
Did you adjust FilterDepth to your brokers?
anyway, nice that we have one more demo account with this bot. I bought it yesterday with -20% off from a forum coupon and demo-test it out before go live with different filter settings.
No, I haven't adjusted the filter depth, and I didn't receive the email from FFM support either. They possibly only sent it to users and not to affiliates.
My copy has only been trading so far for a few days, so it's a bit too soon to be adjusting any of the settings in my opinion. Even so, I don't really understand the logic of changing one of the settings on the basis that it is supposedly broker dependent, because there's no effective way of optimising those settings for your broker. You would need a set of history data for the broker you want to optimise it to (MetaQuotes history data wouldn't suffice) in order to determine the optimum filter setting for your broker, but that data is very difficult to obtain for a period going further back than the last month.
I suppose you could backtest it for the last month with a variety of different brokers by downloading and using their own data. This would give you a good idea of how broker dependent the EA is likely to be, but a month isn't long enough to form any real opinion.
If you've no idea whether the adjustment you're making is going to be beneficial or not in the longer term because there's no way of backtesting it for your broker beyond the previous month, what's the point of making the adjustment at all?
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.