$3000 settings

Aul · #1 12-13-2008, 09:54 PM

Hi,

Can anybody tell me what are the best settings of the scalper and long-term strategies for $3000 account?

mgs1f · #2 12-13-2008, 10:34 PM

Quote:

Originally Posted by Aul

Hi,

Can anybody tell me what are the best settings of the scalper and long-term strategies for $3000 account?

Trade only two pairs EUR/GBP and EUR/CHF as said in the new forum
and use MM=True
Lot Risk Reductor= 20 for EUR/GBP and 10 for EUR/CHF
Set GMT offset as per your brokers settings and sit back and watch.
When you get to 10,000 then you can start trading the long term in
tiny lots as the draw down can be very big. I personally will not use the long term. Good luck!!!!

Aul · #3 12-13-2008, 11:10 PM

Quote:

Originally Posted by mgs1f

Trade only two pairs EUR/GBP and EUR/CHF as said in the new forum
and use MM=True
Lot Risk Reductor= 20 for EUR/GBP and 10 for EUR/CHF
Set GMT offset as per your brokers settings and sit back and watch.
When you get to 10,000 then you can start trading the long term in
tiny lots as the draw down can be very big. I personally will not use the long term. Good luck!!!!

Thank you! By the way, you mentioned a new forum. Where is that at?

Sooner · #4 12-14-2008, 12:25 AM

Quote:

Originally Posted by Aul

Thank you! By the way, you mentioned a new forum. Where is that at?

I believe he is referring to the fapturbo Members forum you should find a link to it when you log into your FABTurbo members page.

montanheri · #5 12-14-2008, 07:02 AM

Quote:

Originally Posted by mgs1f

Trade only two pairs EUR/GBP and EUR/CHF as said in the new forum
and use MM=True
Lot Risk Reductor= 20 for EUR/GBP and 10 for EUR/CHF
Set GMT offset as per your brokers settings and sit back and watch.
When you get to 10,000 then you can start trading the long term in
tiny lots as the draw down can be very big. I personally will not use the long term. Good luck!!!!

I've been use this parameters about 6 weeks know and over double my account has been amazing, on top of that I been add the USD/CAD LRR = 5 .....pips to all !!!

Aul · #6 12-14-2008, 01:11 PM

Quote:

Originally Posted by montanheri

I've been use this parameters about 6 weeks know and over double my account has been amazing, on top of that I been add the USD/CAD LRR = 5 .....pips to all !!!

Which broker do you use?

Sooner · #7 12-14-2008, 10:56 PM

Quote:

Originally Posted by montanheri

I've been use this parameters about 6 weeks know and over double my account has been amazing, on top of that I been add the USD/CAD LRR = 5 .....pips to all !!!

How could you have been using it for six weeks when the EA was only released 3 weeks ago?

Paul · #8 12-15-2008, 01:12 AM

Quote:

Originally Posted by Sooner

How could you have been using it for six weeks when the EA was only released 3 weeks ago?

Hahaha that's true I bought the pilot the day it released

That's like 20 days ago

alan · #9 12-15-2008, 01:57 AM

C'mon guys..take it easy on Aul...he can time travel..

alan · #10 12-15-2008, 01:58 AM

Quote:

Originally Posted by mgs1f

Trade only two pairs EUR/GBP and EUR/CHF as said in the new forum
and use MM=True
Lot Risk Reductor= 20 for EUR/GBP and 10 for EUR/CHF
Set GMT offset as per your brokers settings and sit back and watch.
When you get to 10,000 then you can start trading the long term in
tiny lots as the draw down can be very big. I personally will not use the long term. Good luck!!!!

Ditto...won't be using long term strategy..I'm sticking with classic (aka FAPS) FAP + fapturbo with all pairs...don't know why they recommend not using USD/CAD..I've had success with it and 5 pip spread (typically)...