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  #1  
Old 11-30-2008, 07:39 PM
limitup limitup is offline
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Default The 10K Account

On main page I see it in scalping mode (I'm preassuming) the Euro/USD. Why is it not in long term trade? Anyone have a ideas s to why this may be?
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Old 11-30-2008, 08:01 PM
Sooner Sooner is offline
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Originally Posted by limitup View Post
On main page I see it in scalping mode (I'm preassuming) the Euro/USD. Why is it not in long term trade? Anyone have a ideas s to why this may be?
Both the $10,000 account as well as the $2,500 account are using both strategies, scalper and long term. The $370 account is not likely because the SL on just a couple of bad trades could blow out the account balance in the early stages. It also looks like they moved the TP at some point since the account has been open as the lot size change does not account for the change in profit by my math.

Right now I am very unimpressed with the live performance of the long term strategy, in fact I believe that FAPS might have been the better of the two. Perhaps it is just my mentality but I prefer to see smaller profits more often than watch a draw down for 3-4 days before it comes good for a big gain. the way I look at it, the 3-4 days that the trade decreases my available margin is 3-4 days where the scalper could have been working with that margin and usually at a considerably better rate of return.

Only longer term forward testing will really tell but as of right now, I am happy to have the scalper as it fits my trading mentality well.
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Old 11-30-2008, 08:56 PM
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BryanA BryanA is offline
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I am in agreement with you Sooner on the long term FAPSturbo. Although, it still is early. Right now, I have Regular FAPS running on my live account and just the scalpers from Turbo running on another chart in my live account. It seems that is the best way to go for now.

Bryan
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Old 11-30-2008, 10:09 PM
limitup limitup is offline
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Originally Posted by Sooner View Post
Both the $10,000 account as well as the $2,500 account are using both strategies, scalper and long term. The $370 account is not likely because the SL on just a couple of bad trades could blow out the account balance in the early stages. It also looks like they moved the TP at some point since the account has been open as the lot size change does not account for the change in profit by my math.

Right now I am very unimpressed with the live performance of the long term strategy, in fact I believe that FAPS might have been the better of the two. Perhaps it is just my mentality but I prefer to see smaller profits more often than watch a draw down for 3-4 days before it comes good for a big gain. the way I look at it, the 3-4 days that the trade decreases my available margin is 3-4 days where the scalper could have been working with that margin and usually at a considerably better rate of return.

Only longer term forward testing will really tell but as of right now, I am happy to have the scalper as it fits my trading mentality well.
I realize that both accts are using scalper...but that dose not explain why the Euro/USD is taking profits at 30 rather than 140...unless the long-term settings have been changed. Yes, I agree that scalping is the way to go with accounts under 10K. With Accounts above 10K then maybe adjusting lot quanity may be appropriate.
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