trading on live accounts - any success?

[echaz]

hi!

i often read about results on demo accounts with fap - mostly positive results.
but does anybody really earn money with FAP? really constantly?

i'm asking this because i would like to start trading on live account with FAP . my demo results look very promising, but I'm a little scared to do this.. i thought to start with 1k$ .. it is not really a low amount for me :D

[Short14]

hi!

i often read about results on demo accounts with fap - mostly positive results.
but does anybody really earn money with FAP? really constantly?

i'm asking this because i would like to start trading on live account with FAP . my demo results look very promising, but I'm a little scared to do this.. i thought to start with 1k$ .. it is not really a low amount for me :D

I would use FXDD as your broker make sure your lot size is set @.01 with that small balance....Set your max trades @ 2 your stop loss at 650 your stop time at 1 and trade eur/usd usd/chf gpd/usd

My opinion, its working for me ( Thanks to earl on the stop time setting )

[alan]

I use it on a live account and I think ^Eagle^ and Earl do too.

[echaz]

can you explain what the stop time is? thanks.

[n1ghtnday]

I will be in a few weeks. I am working out the final kinks and details, so that I go in with confidence and the least amount of risk.

[n1ghtnday]

can you explain what the stop time is? thanks.

StopTime is the time between two consecutive orders IF you have more than one order set in the MaxOrders parameter. I personally do not like trading more than one order at a time b/c of the backtesting I have done, but there are guys on here that do with success.

[Short14]

hi!

i often read about results on demo accounts with fap - mostly positive results.
but does anybody really earn money with FAP? really constantly?

i'm asking this because i would like to start trading on live account with FAP . my demo results look very promising, but I'm a little scared to do this.. i thought to start with 1k$ .. it is not really a low amount for me :D

I have taken $1500.00 to $5500.00 since 9/29 Yes in a live account

[Aussie]

What is your settings on a live account?

If you don't want to Answer that is O.K. I understand.

Because looks like from $1500 to $5500 is pretty Good....

I would mine backtest your settings and compare my settings to your...


Regards,

Aussie:)

[deejay1]

i have had better results manually trading then with FAPs so far...sometimes i question the trades FAPS is seeing

[alan]

i have had better results manually trading then with FAPs so far...sometimes i question the trades FAPS is seeing

lol well then the answer is simple - stop using FAPS...it's not for you if you're an accomplished manual trader....makes sense?

[n1ghtnday]

Hah, yeah. FAPS isn't something we can really understand, but merely accept. It's a tool we backtest and try to find results we'd be sane coping with. I suppose if we knew exactly what it was doing we could just write a similar optimized EA using suggestions from this forum. If anyone can trade better without it then don't waste your time with FAPS >.<

[Earl]

Hah, yeah. FAPS isn't something we can really understand, but merely accept. It's a tool we backtest and try to find results we'd be sane coping with. I suppose if we knew exactly what it was doing we could just write a similar optimized EA using suggestions from this forum. If anyone can trade better without it then don't waste your time with FAPS >.<It`s about time......who has the time to sit and watch the screen???

it's boring...you become distracted.....

I like to used the MACD & ADX to pick my enteries and exits...but it's bloody borning watching the M5 or M15 charts... you get side tracked and a lot of the time you miss your chance.

[n1ghtnday]

It`s about time......who has the time to sit and watch the screen???

it's boring...you become distracted.....

I like to used the MACD & ADX to pick my enteries and exits...but it's bloody borning watching the M5 or M15 charts... you get side tracked and a lot of the time you miss your chance.

I agree, Earl. I am also not quite experienced enough to sit there for hours, watch, and make sense of market movement. I have a general idea, but I'd rather have a "set & forget" method. That is the beauty of FAPS, although forgetting isn't quite the right word. ;)

[john225]

Is it right if you use the FAPS on a Demo account it has good results but if you use it on a real account the results are bad ?

[Simmo]

Not sure about that, but after the last couple of days on my demo account, I'm thinking of opening a manual trade in the opposite direction to every Faps order ! I'll probably make a fortune .

Cheers
Simmo

[n1ghtnday]

I'll tell you this. These last couple of days were pure shit when it came to FAPS making trades. It would be best to turn FAPS OFF during major announcements. Otherwise, I have great success.

I cannot confirm that this method works for everyone, but it is quite amazing how FAPS really screws up during the major impact of fundamentals.

-NnD

[mystikdragon7]

I'll tell you this. These last couple of days were pure shit when it came to FAPS making trades. It would be best to turn FAPS OFF during major announcements. Otherwise, I have great success.

I cannot confirm that this method works for everyone, but it is quite amazing how FAPS really screws up during the major impact of fundamentals.

-NnD

I think everyone had a bad day yesterday. FAPS was trading awesome for me until yesterday afternoon. I'm going to have to do more adjustments to see what I can do to minimize something like that.

[golder]

I would use FXDD as your broker make sure your lot size is set @.01 with that small balance....Set your max trades @ 2 your stop loss at 650 your stop time at 1 and trade eur/usd usd/chf gpd/usd

My opinion, its working for me ( Thanks to earl on the stop time setting )

I'm very new to this. Just starting with MT4 recently. I try back testing using the above but don't get good results. I'm using MT4 from IBFX and not FXDD. Does that make a difference ?

[alan]

I'll tell you this. These last couple of days were pure shit when it came to FAPS making trades. It would be best to turn FAPS OFF during major announcements. Otherwise, I have great success.

I cannot confirm that this method works for everyone, but it is quite amazing how FAPS really screws up during the major impact of fundamentals.

-NnD

Well guys, don't be surprised when FAPS screws up like that. It has no brain, it is just a purely mechanical trading system and cannot and never will take into account the psychological factor behind price action.

You gotta take the bad with the good and realize the limitations of mechanical trading systems. If you can't, then stick to discretionary trading.

[alan]

I'm very new to this. Just starting with MT4 recently. I try back testing using the above but don't get good results. I'm using MT4 from IBFX and not FXDD. Does that make a difference ?

It does slightly as each broker has a different quality price feed. Some brokers "smooth" out the price feed (ie remove the jerks in price action) and some just leave it unfiltered. I believe IBFX is in the latter category while FXDD in the former.

[Alfonzo]

Well guys, don't be surprised when FAPS screws up like that. It has no brain, it is just a purely mechanical trading system and cannot and never will take into account the psychological factor behind price action.

You gotta take the bad with the good and realize the limitations of mechanical trading systems. If you can't, then stick to discretionary trading.
I assume that if you're only limiting yourself to single trades it may be possible to keep out of the trades during the major announcements?

[alan]

I assume that if you're only limiting yourself to single trades it may be possible to keep out of the trades during the major announcements?

Hmm, well, I'm not sure about that. I do believe however that limiting the number of trades limits your exposure to the market. And by exposure I do not mean monetary exposure, but exposure to the uncertainties and potential whims of price action. Multiple trades at multiple entries without any logical spacing whatsoever may cause your account to accumulate bad trades until the total sum of these trades exceeds your accumulated profits and therefore bite into your balance severely if you were to close them.

In the end the best way to keep out of trades during major announcements is to either manually close them or just set a stop loss you can tolerate.

[Alfonzo]

Hmm, well, I'm not sure about that. I do believe however that limiting the number of trades limits your exposure to the market. And by exposure I do not mean monetary exposure, but exposure to the uncertainties and potential whims of price action. Multiple trades at multiple entries without any logical spacing whatsoever may cause your account to accumulate bad trades until the total sum of these trades exceeds your accumulated profits and therefore bite into your balance severely if you were to close them.

In the end the best way to keep out of trades during major announcements is to either manually close them or just set a stop loss you can tolerate.
Yes agreed Alan. All I'm saying is that if you're only single trading there are gonna be longer spells when you're not actually in trades so you may be able to deliberately avoid trading half hour either side of these announcements?
I'm new to FAPS, can you advise if you can set your trading times in advance the previous evening, and is it possible to move the stop loss during an actual trade (rather than manually closing), or do you have to wait until it's finished?

[Earl]

Yes agreed Alan. All I'm saying is that if you're only single trading there are gonna be longer spells when you're not actually in trades so you may be able to deliberately avoid trading half hour either side of these announcements?
I'm new to FAPS, can you advise if you can set your trading times in advance the previous evening, and is it possible to move the stop loss during an actual trade (rather than manually closing), or do you have to wait until it's finished?you can modify the s/l on a trade anytime

[alan]

Yes agreed Alan. All I'm saying is that if you're only single trading there are gonna be longer spells when you're not actually in trades so you may be able to deliberately avoid trading half hour either side of these announcements?
I'm new to FAPS, can you advise if you can set your trading times in advance the previous evening, and is it possible to move the stop loss during an actual trade (rather than manually closing), or do you have to wait until it's finished?

Yes, Earl is right. Additionally you can manually adjust your SL if you'd like.

Hmm, I see your point. Yeah, I suppose that may be the case but don't forget that nonetheless those news announcements do affect price movement and it would still affect that ONE open position, but if you trade with one max position FAP would not open a new position as a result of the news event spike.

Trading with one max trade is the more conservative way to go and requires patience - a skill that you must learn to become a successful trader.