View Full Version : EUR/USD will it hit 1.2768 ?
I bought Autopilot and was quite happy with it on Demo account. But now I'm using it on live and it placed sell on 1.2768 from 1.2788 ... right now it's much higher. So I'm thinking if I should wait or close it by myself before loosing more.
janc63
11-10-2008, 06:47 AM
As being new myself I am not sure if I can advice you. I am still testing my demo-account and yes, today when I left for my work my open trade was losing and losing. Still I think it may be better to wait and let FAPS take care of the trade. After what I have read in the past week most of the failures seem to come from human interaction based on fear and other kinds of emotion.
I wish you luck. Let's see how things work out.
Jan
I just opened account for 300$ so I'm -132 right now. I hope I can survive this with the amount I put in. I had 0.1 lots and the rest of the settings default with 1:200 leverage.
I just opened account for 300$ so I'm -132 right now. I hope I can survive this with the amount I put in. I had 0.1 lots and the rest of the settings default with 1:200 leverage.default settings your dead in the water dude... do some reading on here with only 132 bucks you should be at .01 not .1 .1 is a dollar a pip,,
good to know (in manual there was 0.1 if less then 1000$). Anyway this is why I'm asking if I should stop now before I'm still alive, set up to 0.01 and try to get back on feet.
good to know (in manual there was 0.1 if less then 1000$). Anyway this is why I'm asking if I should stop now before I'm still alive, set up to 0.01 and try to get back on feet. Yes go down to .01 for now if you can't call your broker and tell them you want to trade micro lots.
then try the settings everyone else is using...
lot size 0(use auto faps it will start you at .01)
LotRiskReducer 1
Max Trade 1
aaa 20
bbb 8
TP 20 (reduce to 10 if you run into margin% trouble)
s/l 0 (trust me no s/l it will kill your account)
good luck
Thank you kindly Earl. So I'm stopping...good by 130 $ :)
and now it's coming back :(. Anyway I set up everything like you said Earl. I called my broker and now have micro account. Now FAP is closing with profit 1. My question is to have profit 10 can I use 0.1 Lots with micro account or I have to change account into mini again or I can just setup FAP to 100Profit and it will give me 10 profit on 0.01 lots?
and now it's coming back :(. Anyway I set up everything like you said Earl. I called my broker and now have micro account. Now FAP is closing with profit 1. My question is to have profit 10 can I use 0.1 Lots with micro account or I have to change account into mini again or I can just setup FAP to 100Profit and it will give me 10 profit on 0.01 lots?I also forgot to tell you to start using the M5 chart..
you can move to tp 20....
but just hold on until you start to catch back up...put too much pressure on 130 bucks you'll lose it all
ok boss, I'm back to tp 10 with M5. Thank you very, very much for saving my butt.
ok boss, I'm back to tp 10 with M5. Thank you very, very much for saving my butt.Just keep your fingers crossed:p
Thank you kindly Earl. So I'm stopping...good by 130 $ :)
With $130 you should be trading nano lots (1 cent per pip...0.01 lots) If your current broker does not support that I suggest you find one or increase your account size if you can afford it.
I'm back on my feet with 300$ plus 15$ more :) .Ok I risked a bit during this time to get back but form now on I'll be careful. Let me tell you whatr I did to speed things up :) (I know it was stupid but "no pain no gain" . When for example FAP set selling point at 1.2695 and chart went up to 1.2800 or more I was buying extra lots and set up selling point a bit higher than FAP set it. And this way after few hours I'm back in the game :)
So from now on I'm setting up FAP like that:
Lots: 0.05
LotsRiskReductor: 1.0
Max Orders 2
Max lots: 100
StopTime: 5
aaa: 20
bbb: 8
Take profit: 10
StopLoss: 0
TrailingStop:0
UseMACControl: 1
PeriodMA:100
PriceMA_0_6: 0
PriceMA_0_3_: 0
SPanGator: 0.5
SlipPage: 3
OrderMagic: 231313
SafetyGapDemarker: 0.2
SafetyGapWPR: 0.0
Again I wanted to thank you all and especially Earl for huge help.
It's time for me to read a bit more about forex instead of doing such stupid things like I did :)
lukx you got balls guy!!!
use the autolot feature now...don't step on the gas to hard.
you are on your way.
man I'm soooo happy I could help...it's people like you that make it worth while
Thanks for the post...you just made my day:D
keep winnin!!!
Hi again... I was doing very very nice...till it hit 1.2405...I didn't touch anything and FAP set selling point at 1.2395. So far it's quite a bit over it. I don't want to make same mistake and sell just to find out soon that it will come back :). What do you think...should I fix what FAP did or not touch it and wait for positive outcome.Are there any chances that it will get to 1.2395.
Rob_S
11-13-2008, 10:28 AM
1.2395 doesn't look all too promising judging from the long-term history. It hasn't been that low in weeks... months even. Looks like a bad buy, but it couldn't hurt to wait it out and see what the weekend brings. There are some big announcements coming today and tomorrow that could make it tank.
I have the same problem.....it came back down quite a bit...if it gets over 200 pip I'm going to manually close it...if it gets under 100 pip I'm going to close it.
It was a bad position to take at rock bottom
BryanA
11-13-2008, 12:01 PM
Well, I shut it down. My losses will only need five positive trades to recover. I may be wrong but I see this thing climbing more.
Market always proves me wrong though. Be careful following my advise.
Bryan
wishiwasrich
11-13-2008, 02:46 PM
WOW... just hit a big rally on ESD and Faps just hit 4 trades on my m5 account for 20pips each back to back, awesome.
oh my what's going on...I shut down with some loss but then FAP placed sell on 1.2481 and it's scyrocket to 1.2700... :( Now I understand why forex isn't for everyone.
BryanA
11-13-2008, 03:26 PM
oh my what's going on...I shut down with some loss but then FAP placed sell on 1.2481 and it's scyrocket to 1.2700... :( Now I understand why forex isn't for everyone.
Same thing happened with me. With this one I am going to ride it out and see if it will correct enough for a small loss. That happened twice to me today. I closed one for -100 pips. That one was not going to see profit I don't think. Then I got a couple of positive trades thinking I was back on track and what do you know another sell. I was going to close all sells if they showed any profit but I left the house and missed this one.
Bryan
I lost it all...I was 300$, I lost 190$ then I get to 500$ and now I'm back to 100$ :( oh minus 100$ more for paying for FAP that is rather useless ...
lorddave
11-13-2008, 03:40 PM
Well I closed out that bottom of the barrel trade -150 pips, glad I did though.. that rally would've sucked....
Shame FAPS didn't pick up any trades on the climb :(
BryanA
11-13-2008, 03:49 PM
Well I closed out that bottom of the barrel trade -150 pips, glad I did though.. that rally would've sucked....
Shame FAPS didn't pick up any trades on the climb :(
It does. I am all in it right now. Only hope is that it stopped at hourly support. Maybe it will fall again.
Bryan
n1ghtnday
11-13-2008, 04:02 PM
I am still stuck in that 1.2409 short trade, but I will ride it out a bit longer. The profits this week have been great, but I wasn't at the computer to watch this one grab.
Oh well, this is where FAPS gets risky. Must bite down and hope for the best. I will probably close the trade if I see it get anywhere close to this rock bottom.
-nnd
BryanA
11-13-2008, 04:42 PM
It does. I am all in it right now. Only hope is that it stopped at hourly support. Maybe it will fall again.
Bryan
I mean resistance.
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