Back in August I set up an Alpari account to trade with non-default GMT settings. The GMT settings were adjusted so that Megadroid would open trades in a time window 1 hour latter than the default settings. (see HERE). The plan was to work out which time window was better for Megadroid in the current market conditions.
Well, I’ve collected 3 months of data now, and the results clearly suggest that the 1.30 default gmt settings are better.
The Late Settings result in more trades, but this is offset by a significant increase in stop frequency.
So my plan is to..
1. Stop Trading the Alpari UK Late account at the end of November
2. No longer include the Alpari UK Late results in the monthly summary
I can’t see any point trading the Late settings, because the question I was trying to answer has been answered i.e. the Late settings are inferior. Continuing to post those trades beyond November won’t add any useful information IMO.
So from December onwards all the accounts will be using the Default Settings.