Here's my settings %100 so far

[mystikdragon7]

My settings are pretty simple but yet so far I have had %100 positive closing trades. All my settings are default except for:
lot size-.01
max trades-3
take profit-10
starting account $500
Ending as of yesterday evening $607

All on EUR/USD and UDS/CHF

Since the opening of the market on Sunday afternoon I have not had one negative closing trade until my girlfriend turned the computer off last night so faps was not running. So I just cut all my losses and started all over again losing $200. Ouch!!:eek: But right now with these settings they are at %100 again and still getting better right now.

I also changed my settings to what Earl is using right now so it will be nice to see how they compare.

[Earl]

My settings are pretty simple but yet so far I have had %100 positive closing trades. All my settings are default except for:
lot size-.01
max trades-3
take profit-10
starting account $500
Ending as of yesterday evening $607

All on EUR/USD and UDS/CHF

Since the opening of the market on Sunday afternoon I have not had one negative closing trade until my girlfriend turned the computer off last night so faps was not running. So I just cut all my losses and started all over again losing $200. Ouch!!:eek: But right now with these settings they are at %100 again and still getting better right now.

I also changed my settings to what Earl is using right now so it will be nice to see how they compare.SCAREY!!!:eek: I'm a mad man....plus those setting have only been back tested..and just forward tested today..

good luck...I pray!

[mystikdragon7]

SCAREY!!!:eek: I'm a mad man....plus those setting have only been back tested..and just forward tested today..

good luck...I pray!

Good thing it's on a demo account. Just experimenting with a lot of trial and error. I was trying to get as close to scalping as I could without the broker interfering. So far so good!!

[mystikdragon7]

Here's an update of these settings. Since last night at about 8PM PST FAPS has opened 27 trades, and all 27 trades have closed positive. There's only one open right now and it's in the green.

[mystikdragon7]

OK now 28 positive trades!!!

All trades have been USD/CHF

[Craig BC]

I'm guessing you are running a demo account, and you were not running on Monday and Tuesday. Because I had those same pairs and I got killed.
Now if I would have let them run they would have come back a long way, but how long do you let it go before you stop it?
I was down $900 and I was not sure if it was going to margin out before it started to come back up.
So I'm starting over again, but not so many trades per currency, and I'm forcing it to stay down at .01

[mystikdragon7]

I'm guessing you are running a demo account, and you were not running on Monday and Tuesday. Because I had those same pairs and I got killed.
Now if I would have let them run they would have come back a long way, but how long do you let it go before you stop it?
I was down $900 and I was not sure if it was going to margin out before it started to come back up.
So I'm starting over again, but not so many trades per currency, and I'm forcing it to stay down at .01


Yes this is on a demo account. But these settings have been running since the opening of trading on Sunday. Now the loses I had closed manually, I can't be %100 sure that it would have closed that way or not. Since the computer got shut off for over 18 hours I really can't tell if those trades would have been a loser or a winner because faps wasn't running.

The only losing trades I have had now are the ones I closed myself. I have to count again but I think I'm up over 200 trades now with 200 positive closed. Right I have five open trades with one just now closing in the green.

How far you want to let them go is up to you. You can set a stop loss but if you do set it at about 350 or higher. If you want try it that way for a few days and then switch it back and see what your results are. I have set my stop loss at zero and is still doing excellent so far (knock on wood).

[Earl]

Yes this is on a demo account. But these settings have been running since the opening of trading on Sunday. Now the loses I had closed manually, I can't be %100 sure that it would have closed that way or not. Since the computer got shut off for over 18 hours I really can't tell if those trades would have been a loser or a winner because faps wasn't running.

The only losing trades I have had now are the ones I closed myself. I have to count again but I think I'm up over 200 trades now with 200 positive closed. Right I have five open trades with one just now closing in the green.

How far you want to let them go is up to you. You can set a stop loss but if you do set it at about 350 or higher. If you want try it that way for a few days and then switch it back and see what your results are. I have set my stop loss at zero and is still doing excellent so far (knock on wood).
You set your stop loss at zero...no no no no good trust me bring that puppy back up to 1...LOL better results at 1



BC I think it best to start closing out trades when your margin% gets tooooo low ie 250% or lower...

close out a few real losers to bring the % back up to at least 500 or 1000 if you can afford to

[mystikdragon7]

You set your stop loss at zero...no no no no good trust me bring that puppy back up to 1...LOL better results at 1



BC I think it best to start closing out trades when your margin% gets tooooo low ie 250% or lower...

close out a few real losers to bring the % back up to at least 500 or 1000 if you can afford to

Earl, you meant stop time, not stop loss right?

[Earl]

yeah stop time...LOL sorry tired long day...LOL

s/l at 0 wow...just like me crazy living on the edge...

I hope not to lose all my money

next month I'm praying to have a good month

[mystikdragon7]

yeah stop time...LOL sorry tired long day...LOL

s/l at 0 wow...just like me crazy living on the edge...

I hope not to lose all my money

next month I'm praying to have a good month

LOL you had me really scratching my head on that one!!:confused::D:D

[Short14]

Mystik If you look at my last 2 closing statements ( Posted in the results thread ) my results have been the same pretty much as yours with the exception of my profits, because I have my Take profit at 20 This is with all factory settings with the exception of the max orders which I have set at 3

[mystikdragon7]

yeah stop time...LOL sorry tired long day...LOL

s/l at 0 wow...just like me crazy living on the edge...

I hope not to lose all my money

next month I'm praying to have a good month

I have been praying to for a good month to. So far praying to the money gods have been serving me well:D

[Earl]

it's good to hear that your doing well...

I'm doing great myself...

look at my smile:D

I've made 10 grand in 2 days...
no lie

[mystikdragon7]

it's good to hear that your doing well...

I'm doing great myself...

look at my smile:D

I've made 10 grand in 2 days...
no lie

Please tell me that's your live account.....

[Earl]

hell yeah!...

I told you this month is about making money!

I will say faps is not trading much but when it does it's magical

[mystikdragon7]

hell yeah!...

I told you this month is about making money!

I will say faps is not trading much but when it does it's magical

WOW:eek: Major congrats!!!:D

[mystikdragon7]

Mystik If you look at my last 2 closing statements ( Posted in the results thread ) my results have been the same pretty much as yours with the exception of my profits, because I have my Take profit at 20 This is with all factory settings with the exception of the max orders which I have set at 3

Ya I am trying to get as close to scalping as I can. Figured setting the TP to 10 was almost a for sure win on every trade. So far I'm still with these settings I'm still %100 closing on the buy and sell. Yes the profit is smaller but I am patient.

[Earl]

trust me when I say cut down on the trades....I was over trading my account.

my live accounts the small one is at 1875...up from 700 this week. the 10000(thank you visa) is up to 46000. this week

money makes money... it will be a good xmas this year..

I've already stop trading for today...with no open losing trades

more is not more...more is less

less is more

[mystikdragon7]

trust me when I say cut down on the trades....I was over trading my account.

my live accounts the small one is at 1875...up from 700 this week. the 10000(thank you visa) is up to 46000. this week

money makes money... it will be a good xmas this year..

I've already stop trading for today...with no open losing trades

more is not more...more is less

less is more

Well Earl I took your advice to trade only one currency. Even though I was still trading %100 with USD/CHF I decided to K.I.S.S. and only concentrate on one trading pair. So far since the beginging of the month I'm up over %370 on my demo account. Your 10k account is pretty amazing. Looks like I will have to ask permission from my better half to use some money to get a live account going. :D:D:rolleyes:

[mystikdragon7]

I may actually bump up my max trades though to like 15 or so.

[Earl]

Well Earl I took your advice to trade only one currency. Even though I was still trading %100 with USD/CHF I decided to K.I.S.S. and only concentrate on one trading pair. So far since the beginging of the month I'm up over %370 on my demo account. Your 10k account is pretty amazing. Looks like I will have to ask permission from my better half to use some money to get a live account going. :D:D:rolleyes: it was my wifes visa...LOL really it's her account..I had to prmise her not to touch her laptop with out her right there...LOL

it's was a risk that paid off so far... she wants to pull that money and leave 10 back...but I'm trying to convince her not to..yet anyways

[Earl]

I may actually bump up my max trades though to like 15 or so.trust me...don't... back test it yourself

if you using the M5 chart with stop time of 1 ...it groups all the trades together.

1 trade 1 currency pair 1 sound!

[mystikdragon7]

trust me...don't... back test it yourself

if you using the M5 chart with stop time of 1 ...it groups all the trades together.

1 trade 1 currency pair 1 sound!

So yo kept your max trades at 10?

[Nelstradamus]

trust me...don't... back test it yourself

if you using the M5 chart with stop time of 1 ...it groups all the trades together.

1 trade 1 currency pair 1 sound!

Congrats Earl!!!! I'm new to FAP but not forex trading. This has been a fun toy to play with and I've been running a demo since Sunday with close to default settings and and am up a good %. I've been doing a lot of back testing with various results as many of you have.

Question for Earl...what the heck settings are you using on your wife's account? Care to share the details? I'd like to run your settings for a week because in the next week or so I'm going to plunk down $10k on a new account.

[Earl]

exact same setting I was running on my account...she just has more money...

Faps auto lot has a lot to do with the size of the account... it's constantly calculating the risk... so as your bal grows so do the lots.

I was running 12.5% risk which is unheard of... I could have blown out that account...but for now it's good.

1 bad trade will blow me out the water

[Earl]

tp of 10 seems to work excellent... but still testing that

[Earl]

aaa and bbb is the key...

if someone could come up with better setting than aaa20 & bbb8

I can't find anyting better

I know how the demarker and wpr work ...but i guess I'm just lucky so far

[Earl]

sorry gang I'm just thinking out loud...

I had a test where I had very little loss at the end of each month

5 trades stop time 500...but the drawdowns where scarey but the profits where great...

the trick is to find the balance..I'm almost there ...any ideas?

[Pullice]

Earl or Mystikdragon7, please share with us your settings, I am on the verge of destroying my laptop and desktop. What is the most apropriate settings?

[Earl]

Pullice all you have to do is look..I've posted those settings all over the forum..

try Earl's settings maybe????use the search feature

I don't mind helping a fellow trader but if someone ask me for my setting one more time I'm going to scream:eek: lol

listen man backtest back test backtest until you get something good....it's easy

Thats what I did...I haven't slept for a month..LOL

what every info I have or have been using is right here on the forum...say if you use what I'm using and lose??? test it out for yourself....

good luck bro:D

[Willsell]

Can someone explain Drawdown? Is this the negative trade values that FAPS will close at the end of the month?
I find it very hard to run with no S/L, so I 'm trying to find that magic number that will yield more balanced results.
During a series of backtest I have tried a whole range of S/L from 50 - 350.
In backtesting 300 has yielded the best results. But I have watched the results go from 3,000 as high as 45,000 and then wham! down to below 3,000 and then netting a reasonable profit at the end. So should I be concerned about the scary fluctuations? Somehow there must be away to preserve some of that huge profit( or is that the holy grail that I seek)?
I tried this logic:
If the swings in the course of a day is 200 pips then a s/l of 200 should yield less bad trades(or smaller loses) and therefore more profit. Not!

On a brighter note Faps does do a good job when using autolots. Autolots on backtest yielded much better results than fixed lot size.

Anyone find that "holy Grail" yet?

[Earl]

drawdown is basically how much you where losing before the trade became good.

absolute draw down is what you lost period.

or at least my understanding of it.

I would get rid of the s/l just because drawdown is hard to predict and you want to give yourself a good chance to win.

[mystikdragon7]

I don't mind helping a fellow trader but if someone ask me for my setting one more time I'm going to scream:eek: lol

good luck bro:D

Hey Earl I forgot, what's your settings again?

[mystikdragon7]

Earl or Mystikdragon7, please share with us your settings, I am on the verge of destroying my laptop and desktop. What is the most apropriate settings?

aaa-20 and bbb-8 The rest is up to you my friend and how much of a risk taker you are.

[Earl]

:eek: how could you???

I've been getting away with murder running my risk at 12.5 to 15%

1 max 2% is what is recommended:D

[mystikdragon7]

tp of 10 seems to work excellent... but still testing that

Are you still testing that?
Came across this older post and was wondering how much has changed since then. How is your wife's account doing now lol? I have tried a TP of 60 and a SL of 20.

Oh ya and what's your settings at? LOL