dynamo
03-02-2009, 03:50 AM
Just running my normal end of month tests, and ran the default settings on February test data by mistake, they blew out the account very quickly.
If you are new to FAP and are running the default settings for FAP, you will more than likely blow your account. If you want to make money using this tool do your research. Find alternative settings in forums such as this and then Test test test until you are happy that the settings suit the way you want to trade, and apply a risk level that you are comfortable with.
FAP can be a very powerful tool if applied with knowledge (and a fair amount of luck), but do not assume that you will make money just out of the box.
I am not trying to tell people what to do with their money, however nothing comes for free, you have to work to achieve an income. Your profits will more than likely reflect the amount of work you are prepared to do (and a fair bit of luck as well!)
If you are new to FAP and are running the default settings for FAP, you will more than likely blow your account. If you want to make money using this tool do your research. Find alternative settings in forums such as this and then Test test test until you are happy that the settings suit the way you want to trade, and apply a risk level that you are comfortable with.
FAP can be a very powerful tool if applied with knowledge (and a fair amount of luck), but do not assume that you will make money just out of the box.
I am not trying to tell people what to do with their money, however nothing comes for free, you have to work to achieve an income. Your profits will more than likely reflect the amount of work you are prepared to do (and a fair bit of luck as well!)