In September I noticed that Forex open would have kept me out of some losing trades on Forex Morning Trade, Aug and July also looked promising. So from 1 October I have been using the following trading rules:

1. Trade either Eur / USD or GBP / USD (simply because these are the pairs I follow).
2. Only trade where Forex open is STRONG or better.
3. Trade one of the two between 0630 and 0650 where the Morning Trade system is suggesting a trade in the same direction as Forex open.
4. Where MT suggests trading both, trade only the one with the Stronger Forex Open signal.
5. Where MT suggests both and Open signal is the same, trade only GBP / USD.

This has delivered 50 pips in October, and 105 so far in November - which should be better, except I had a client meeting one day so could not move the stop to break-even and finished up losing 45 pips.

This compares to two heavy losing months with just Morning Trade.

Update for December is that Combination Therapy lost 25 pips, which compares to 107 pips lost from just using FMT alone.

Although these results are not yet statistically significant, they are more than good enough for me to carry on with this method in 2012.

January results are loss of 10 pips for 120 profit since 1 October 2011. The Forex Morning Trade result over the same 4 months was 427 loss.

No reason to alter the approach.

February was a loss of 75. Lifetime profits now just 45 pips compared to a loss of 668 for FMT from 1.10.11.

Thanks as always for this interesting update on an interesting approach

I doubt if anyone is following my "system" due to the losses on the FMT system. But in case you are, note I am still using the risk 40 to win 40 pips original staking system, not the 80 pips one on the FMT site. Two reasons:

1. Having been a very successful sports bettor and modestly successful (i.e small profits) financial spread bettor, I use a half Kelly staking system. So the idea of doubling the staking in a bad run is just a no-no.

2. In addition, the reason given - incrased market volatility - in my view belies a lack of understanding of the markets. Volatility is mean reversing. So in fact, high volatility now is an argument for reducing, not increasing stakes - because high volatility now means low volatility can be expected anytime soon.

March results for Combination was +110 for +155 lifetime. The FMT reported loss was 170 giving a loss for the same period of 838. So after 6 months I am going to throw out the following conclusions for discussion:

1. In combination these two programs produce better results than either on its own.
2. The combination produces fewer trades but lower risk - worst run has been 3 losses, best is 3 wins.

Not great profits in isolation.

April result is -20 for +135 lifetime. FMT system was -8 for -830 last 7 months.

I only started this because my own trading hit a bad patch. As soon as I started it, normal service resumed on my own stuff. However, it only takes 10 minutes per day and I am an early riser so maybe give it another 2 months or so.