44pro

[perfectgrim]

what do you all think, our own stoploss take profit, our own set hours to trade. seems like the greatest ideas/noob killer all in one. i could see this version working long term but its going to take more testing then has been put into all other versions of fapt combined imo. atm im setting it to trade 24/7 4 days a week to see when the trading is strongest. how can brokers battle trading 4 pairs 24/7, just remove the pairs! or maybe jack the spread up and keep it up, doubt it. now just more currency pairs and a way to really ghost this from brokers and we might have the real deal for the long haul.

[Sooner]

what do you all think, our own stoploss take profit, our own set hours to trade. seems like the greatest ideas/noob killer all in one. i could see this version working long term but its going to take more testing then has been put into all other versions of fapt combined imo. atm im setting it to trade 24/7 4 days a week to see when the trading is strongest. how can brokers battle trading 4 pairs 24/7, just remove the pairs! or maybe jack the spread up and keep it up, doubt it. now just more currency pairs and a way to really ghost this from brokers and we might have the real deal for the long haul.

I like the idea of being able to really play with the settings and test and to be honest, I think we have the perfect test bed of historical data in the past 3-5 months for backtests that will really put any system to the test. I would be very interested to see what kind of results you get and the settings to which they are tied.

[Sooner]

brokers might not care or even be happy as it is known that fapt 24/7 trading is a losing game :)

Well this system is only suited to range bound situations, however those range bound situations occur on many other pairs at many different times of the day. Right now this only gets us half way to where we need to be. We can now set the time but the pairs are still hard coded, if we could put it on the pairs which consistently have sideways movement patterns during specific hours then we might be able to make the thing profitable in the long term and use it on pairs where volume is high enough that the spreads could not be doubled or tripled on us.

[perfectgrim]

i let it run for 23 hours straight on demo, made 44 trades with an ending balance of 2788 out of 3000. the trading hours the set it to are pretty spot on with about a gap of 1 hour before and after you could extend. ill bring up the data sheet after a weeks worth of results so u can see the patterns of good trade hours vs bad. im also going to set up a test next week for this bot to trade the v36 hours with the stoploss cut to 30 and take profit set to 5 for the eur/gbp eur/chf and see how it performs. im willing to bet from what i saw that a S/L of 50ish and a T/P of 5 will be the winning setup though. then for every ten wins u can take a loss if u dont figure in compounding.

[Harre]

... im willing to bet from what i saw that a S/L of 50ish and a T/P of 5 will be the winning setup though. then for every ten wins u can take a loss if u dont figure in compounding.

I'll take your bet :-P Already did optimisation, although only on the eurgbp pair. I've created a thread about it under the general discussion section but in short the most profitable SL since September last year was 110 pips (I did the run from 25 to 110 with 5 pip steps). So I guess the fapt team didn't pull that number out of a hat :-) Ok 7 months data is not proof but a good indication. There was a lower SL, don't remember exactly but think 45 that did reasonably well. Not as profitable but if it makes people with small accounts feel a bit better about themselves it can be used.


EDIT: So you don't have to search for it:
"Ok, the results are in. Using Startforex, spread of 5, trading 0.1 lots from 1 September 2008 to today.

Most profitable SL level is 110 with a profit of 419 bucks. It's got the biggest draw down but the profit factor makes it worthwhile.
Second most profitable SL is 40 with a profit of 360 bucks. Interesting since some people might want to give up a bit of profit in order to avoid the big SL hits, especially with smaller accounts. But please remember that this is only a 6 month period we're talking about and 73-75 trades. It can give an indication but isn't much of a statistical analysis.

Other interesting points are that a SL of 105 comes near the bottom with a profit of only 280 bucks despite only being 5 pips from the most profitable SL of 110. Again, watch out on drawing too much of a conclusion but it seems the level chosen by FAPT has been carefully picked and still makes sense." /EDIT

[moneydream]

Well this system is only suited to range bound situations, however those range bound situations occur on many other pairs at many different times of the day. Right now this only gets us half way to where we need to be. We can now set the time but the pairs are still hard coded, if we could put it on the pairs which consistently have sideways movement patterns during specific hours then we might be able to make the thing profitable in the long term and use it on pairs where volume is high enough that the spreads could not be doubled or tripled on us.

I don't think it is easy to lift off the hard coded pairs setting in the scalper. Each pair has their own characteristic and pattern and it is not easy to let us tune it by ourselves. May be someone could suggest to the FAPTURBO team to add more cross pair hard coded in FAPT so that we can have more choice of currency pairs to trade with.

[dcrowley06]

I think the biggest thing that will save the market is when those 25k people that purchased this arent all buying the same pairs at nearly the same time. The brokers are used to shutting down their services (rebooting servers in the case of FXPro) right when the Asian market moves. We all know how supply and demand work.

Like I had said earlier, we just need FAPSOppositePro that takes advantage of knowing that 25k people are going to do and take the reverse trade.

For instance, if you go to Zulutrade, which allows you to attach traders to your account to autotrade for you, you have an option to take the reverse position from the trade. Sometimes it is more profitable. So they just need to add an option to FAPSOppositePro. :)

We know we move the market, I have watched the volume every single day at 21GMT. So we just need to mix it up. Even better option might be to hedge yourself against each side and then scalp one on the way back down.