Auto pilot settings question

[mystikdragon7]

Ok, big questions here,
I am trying to figure out what all this mumbo jumbo means. I have opened three demo accounts and all of them with a $500 deposit. I have been currently trading EUR/USD and USD/JPY both with the same specs listed below for about three days now. Two accounts are with FXDD and the third is with Alpari. One of the FXDD accounts is down to $148 and the other is at $350, and the Alpari account is up to $868 with an equity balance of $431. Looking at my specs do any of them look wrong or off just a little? Does anyone have any suggestions? Does it matter what brokerage firm you use? It almost looks better to have a foreign account. One more thing, what do all the ones with the question marks mean?
Thank you!!


lots--0.1
lots risk reducer--1.0 ?
max orders--3
max lots--100 ?
stop time--5 ?
aaa--13 ?
bbb--14 ?
take profit--20.0
stop loss--0
trailing stop--0
use ma control--1 ?
period ma--100 ?
price ma_0_6--0 ?
type ma_0_3--0 ?
spangator--0.5 ?
slip page--3 ?
order magic--231313 ?
safety gap marker--0.2 ?
safety gap WPR--0 ?
start work time hour--0
start work time minute--0
end work time hour--0
end work time minute--0

[alan]

Ok, big questions here,
I am trying to figure out what all this mumbo jumbo means. I have opened three demo accounts and all of them with a $500 deposit. I have been currently trading EUR/USD and USD/JPY both with the same specs listed below for about three days now. Two accounts are with FXDD and the third is with Alpari. One of the FXDD accounts is down to $148 and the other is at $350, and the Alpari account is up to $868 with an equity balance of $431.

$500? Ummm, why such a low amount? Realistically if you're going to use this expert advisor on such a small account you're basically asking asking to have your money be taken away! Perhaps if you had a micro account and traded with 1 cent per pip then you may be able to survive, but that's a whole other discussion.


Looking at my specs do any of them look wrong or off just a little? Does anyone have any suggestions? Does it matter what brokerage firm you use?


I can. What's important is the quality of the price feed. There are slight but most of the times tiny differences in the quality of the price feed of various forex brokers. Some forex brokers will filter the price feed and remove "oddities" I'll see if I can dig up some info on this phenomenon. It is real and you must realize that a dealing desk broker has ABSOLUTE control over the price feed.

From my experience one broker whose price feed is not as filtered is IBFX. Thus expert advisors that do not like "jerky" price movements will probably not do well with this broker. Alpari has a very smooth price feed for the most part. I think it's the same with FXDD. These things take a lot of observance to notice and it is hard working tracking discrepancies among the various price feeds - it's tedious and boring work.


It almost looks better to have a foreign account. One more thing, what do all the ones with the question marks mean?
Thank you!!

lots--0.1
lots risk reducer--1.0 ? -
max orders--3
max lots--100 ?
stop time--5 ?
aaa--13 ?
bbb--14 ?
take profit--20.0
stop loss--0
trailing stop--0
use ma control--1 ?
period ma--100 ?
price ma_0_6--0 ?
type ma_0_3--0 ?
spangator--0.5 ?
slip page--3 ?
order magic--231313 ?
safety gap marker--0.2 ?
safety gap WPR--0 ?
start work time hour--0
start work time minute--0
end work time hour--0
end work time minute--0

All these settings are explained in the ForexAutoPilotGuide.pdf file. You can download this pdf document in your Forex Autopilot Members Zone.

Hope this helps.

Cheerio.

Alan

[mystikdragon7]

I actually did set up a mini account and thought $500 would be a good start. Should I try to start it with more capital? Or maybe lowering the lot size more?

[alan]

I actually did set up a mini account and thought $500 would be a good start. Should I try to start it with more capital? Or maybe lowering the lot size more?

Both! FAP is risky IMHO. Do not risk more than 1% of your capital is my suggestion. What lot size are you trading with on your $500 account?

[mystikdragon7]

What lot size are you trading with on your $500 account?

The lot size I'm using is 0.1, should I bring it down more? Thinking maybe I should.

[^eagle^]

The lot size I'm using is 0.1, should I bring it down more? Thinking maybe I should.


Bring it down to .01 lots. Otherwise a 400 pip draw down will kill your account.

.01 lots on a mini is a dime a pip. You gotta work your way up to the big numbers. I'm learning this the hard way.

[alan]

The lot size I'm using is 0.1, should I bring it down more? Thinking maybe I should.

Hmm, 0.10 on a mini account is 10 cents per pip. Oh wait, did you say this account is at FXDD? If so then you're trading with $1 per pip (0.10 at FXDD = $1 per pip) and that's dangerous leverage for such a small account.

At FXDD I'd suggest you use 0.01 lots

[mystikdragon7]

Yes it's on FXDD and Alpari. Should I change it on Alpari as well?

[alan]

Yes it's on FXDD and Alpari. Should I change it on Alpari as well?

They're both the same really. Look into a broker that offers micro accounts. One that immediately comes to mind is IBFX. This way you can trade with lot sizes as low as $0.01 per pip.

[Earl]

at .01 per trade...how will you make any money??? it will take forever!

[mystikdragon7]

They're both the same really. Look into a broker that offers micro accounts. One that immediately comes to mind is IBFX. This way you can trade with lot sizes as low as $0.01 per pip.

You know I was checking that brokerage out and like just about everything about it. The only think that I really dislike about this brokerage is they charge you $20 to use your credit card.

[loriG]

Try these settings, they were suggested on a board I'm doing well with a demo acct. only trading the euro/usd Euro/Uk Session


trailing stop--15
use ma control--0
stop loss--100
start work time hour--0 start work time minute--0
end work time hour--0 end work time minute--0
I look at my marketwatch time on the platform, when the euro/uk session opens and put that # in the start work time and the time it ends in the end work time.

Each broker's time is different . If you understand GMT time, you can figure it out that way.

Try everything on demo 1st. Good Luck!!

[alan]

at .01 per trade...how will you make any money??? it will take forever!

lol I know, I was just merely highlighting that the possibility is always there to trade with such low lot sizes. In a live account if you wanted to make money and not just "test it out in a real live trading environment" then the smallest lot most often recommended is 0.10

[Earl]

I read alot about faps before I started to use it...one of the professional traders said it's best to kick the demo to the curb once you get the hang of the program.

I think .1 = $1perpip is a good start but it all depends on what you can afford to loose. Cutting back to .05 has taken the pressure off..I'm having FUN!

the funny thing is...I got the faps so I wouldn't have to watch the market myself..but yet I stay up late..I get up early.... and a rush home after work
and before I even say hello to my wife and kids I check my faps..LOL

[alan]

I read alot about faps before I started to use it...one of the professional traders said it's best to kick the demo to the curb once you get the hang of the program.

I think .1 = $1perpip is a good start but it all depends on what you can afford to loose. Cutting back to .05 has taken the pressure off..I'm having FUN!

the funny thing is...I got the faps so I wouldn't have to watch the market myself..but yet I stay up late..I get up early.... and a rush home after work
and before I even say hello to my wife and kids I check my faps..LOL

lol Earl...FAPS ownz yew! :p

[mszmoney]

Has anyone messed with the settings to see what settings are most profitable?
if yes what are they? kindofa newbie. Thanks for people's time, especially Alan-great participation!

[alan]

You know I was checking that brokerage out and like just about everything about it. The only think that I really dislike about this brokerage is they charge you $20 to use your credit card.

Really? Hmm, when I first deposited with them (I too used my credit card) they did not have this policy, or if they did I can't remember paying the fee. lol must've been sleeping at the wheel then.

[alan]

Has anyone messed with the settings to see what settings are most profitable?
if yes what are they? kindofa newbie. Thanks for people's time, especially Alan-great participation!

Currently I'm using the default settings but with a 300 pip SL and a TP of 35 and TS of 15.

Oh and MA period 200
with TypeMA_0_3 = 1 (so it's exponential moving average instead of simple moving average)

the best way to find out the most optimal setting is to use the MT4 backtester or "Strategy Tester"

welcome to the forum btw :)

[^eagle^]

Has anyone messed with the settings to see what settings are most profitable?
if yes what are they? kindofa newbie. Thanks for people's time, especially Alan-great participation!

welcome to the best place on the net for FAP MSz. money.

A s for the best settings you will find a great debate that will probably never be resolved. I suggest you read throiugh the website and find something you are comfortable with.

What works for one person may not work for another. even with automated systems.

All I can tell you is what is currently working for me.:cool:

BTW are you Fastlane Ms money?

[mszmoney]

welcome to the best place on the net for FAP MSz. money.

A s for the best settings you will find a great debate that will probably never be resolved. I suggest you read throiugh the website and find something you are comfortable with.

What works for one person may not work for another. even with automated systems.

All I can tell you is what is currently working for me.:cool:

BTW are you Fastlane Ms money?


Ok well then i will ask...What are your settings Eagle? I Dont know what you are referring to when u asked "Fastlane Ms money" but I don't think i'm that person. MSZ are my initials. Is this a person from CNBC or something?
Thanks for your reply.

And Alan great website, no kidding. But i have one question...how many spaces are after the decimal with your broker? i'm asking this because the settings you use on your website differ from broker to broker-no?

Have a great day.

[alan]

And Alan great website, no kidding. But i have one question...how many spaces are after the decimal with your broker? i'm asking this because the settings you use on your website differ from broker to broker-no?

Have a great day.

Thanks :)

I use IBFX for both live and demo and IBFX is a 4 digit broker. The settings will differ only if you're gonna use a 5 digit broker. If so you have ad an extra 0 to all your settings. I believe this is explained in the FAPS manual too.

To quote it:

If your broker uses 5-digit price quotes (like Forexte broker) then use takeprofit=200, Trailing stop = 500
and Slipage = 30. If your broker uses 4-digit price quotes (like Alpari and InterbankFx) then use
default settings

[^eagle^]

Ok well then i will ask...What are your settings Eagle? I Dont know what you are referring to when u asked "Fastlane Ms money" but I don't think i'm that person. MSZ are my initials. Is this a person from CNBC or something?
Thanks for your reply.

And Alan great website, no kidding. But i have one question...how many spaces are after the decimal with your broker? i'm asking this because the settings you use on your website differ from broker to broker-no?

Have a great day.

No ms money is just somebody I know on a different forum.

My settings are very agressive and I change them every so often because I forward test.

I allow ten maximum trades open but only .01 lots (a dime a pip on my puny 500usd account.) I have set my stop loss to 350 but am considering tightening it to 300 for this market. everything else is default. I have been running it on eur/usd and usd /chf but have just pulled usd/chf. not happy with the results. switching to gbp/usd.

[alan]

No ms money is just somebody I know on a different forum.

My settings are very agressive and I change them every so often because I forward test.

I allow ten maximum trades open but only .01 lots (a dime a pip on my puny 500usd account.) I have set my stop loss to 350 but am considering tightening it to 300 for this market. everything else is default. I have been running it on eur/usd and usd /chf but have just pulled usd/chf. not happy with the results. switching to gbp/usd.

I think GBP/USD may be a better alternative currency pair, but don't forget to adjust your SL and TP to match the "characteristics" of this particular pair. In other words you're going to have to widen all variables as this pair is more volatile, makes bigger moves, and has a much wider daily trading range.

[Earl]

what I like about GBPUSD is that you can use EURUSD as an indicator..

I was doing that all last night drawing in some big pips at a buck...

draw back is they are not always the same...

I also learned that you have a 3 second delay from my desk top to my wireless...

so if I watch the desktop monitor sometimes I can catch the trade profits on my laptop...

[^eagle^]

what I like about GBPUSD is that you can use EURUSD as an indicator..

I was doing that all last night drawing in some big pips at a buck...

draw back is they are not always the same...

I also learned that you have a 3 second delay from my desk top to my wireless...

so if I watch the desktop monitor sometimes I can catch the trade profits on my laptop...

cool! Thats just wicked sneaky.

[greentrader99]

Allan,

I was just wondering if you would share your setting? Are you still running on EUR/USD, one trade? If you would share knowledge that would be great.

Thanks!!

[alan]

Allan,

I was just wondering if you would share your setting? Are you still running on EUR/USD, one trade? If you would share knowledge that would be great.

Thanks!!

My settings are default except for having switched the MA type from SMA to EMA. So 100 EMA. To do so you have to change the TypeMA_0_3 variable to "1"

TP=35 (take profit)
SL=300 (stop loss)
TS=15 (trailing stop)

1 trade max, no manual lot size, ie I set lot size to 0 to let FAP due the money management.

Heck even the default settings are performing well now. See my blog as I just posted a performance update. I think you'll be pleasantly surprised.

[DayTrader]

Hi,
I just ditched the FTD account and got a IBFX demo account to fine tune the settingsbofore going live there. But there was no mention of the lot size on the demo account...
On the 5K FTD FAP demo I ran with auto lotsize and it typically operated at 0.1, and with 20TP the profit was $20.

Would these FTD settings work well on the IBFX also ?

One other issue I've never seen discussed; brokerage fee / commission...
There is none in the demo mode but what about a real account?
Is commission pr trade, pr withdrawl or what... and what size would it typically be?

E.K

[alan]

Allan,

I was just wondering if you would share your setting? Are you still running on EUR/USD, one trade? If you would share knowledge that would be great.

Thanks!!


Opps I realised that I did not answer your question about running on EUR/USD...yes I'm still running on JUST EUR/USD and will continue to do so on my live accounts until I get some spare time to play with FAP on other pairs.

I intend to initiate a long term multi pair test..ie I'll run FAP with default settings on a pair..test if for a month or two, report my results..move on..and so on and on

[alan]

Hi,
I just ditched the FTD account and got a IBFX demo account to fine tune the settingsbofore going live there. But there was no mention of the lot size on the demo account...
On the 5K FTD FAP demo I ran with auto lotsize and it typically operated at 0.1, and with 20TP the profit was $20.

Would these FTD settings work well on the IBFX also ?

One other issue I've never seen discussed; brokerage fee / commission...
There is none in the demo mode but what about a real account?
Is commission pr trade, pr withdrawl or what... and what size would it typically be?

E.K

No the lot sizes would be different on your IBFX account if you opened a mini account with them. Let FAPS do the lot management - ie autosize.

The only "commission' you pay is the spread. That is something you pay even on the demo account - it simulates real trading.

with IBFX the spread is typically 2-3 pips but can vary depending on market volatility or if there is a major news event moving the markets. Under normal conditions however it is 2 pips usually.

[DayTrader]

Ok.
Instead of 'chosing' between a mini lot and or micro lot account one could just play it safe and go for a micro lot account... because this would not pose any restrictions... just alter the settings accordingly right?

[Earl]

Ok.
Instead of 'chosing' between a mini lot and or micro lot account one could just play it safe and go for a micro lot account... because this would not pose any restrictions... just alter the settings accordingly right?right...you can go up but you can't go down

[DayTrader]

Ok. I've run FAP on a IBFX 5K demo for 24 hrs but I'm very disapointed with the results!
I'm using their MT4 platform but that shouldn't make any difference?
Used the old settings where it cashed in $20 every few hrs, typicaly at 0.1 Lot... but now after 14 trades all I'm left with is $12. I noted the Lots it has chosen is very much lower, 0.01 - 0.02, but also a couple at 0.24. But even these 0.24 lots only returned $.4.80. On the other account these would be about $50. No losses yet.
Must be the account or broker that does it ?

[Earl]

I don't understand???

is your lot size set at "0" so faps is picking the lot size it self???

[DayTrader]

Yes it LS=0. And LRR=4, TP=20... I wonder why it doesn't wait until $20 profit??
I 'm now running a FXDD in paralell with the same settings and getting much better results. Didn't know the account / broker had such a major impact... more so than most
of the FAP settings!

[^eagle^]

Yes it LS=0. And LRR=4, TP=20... I wonder why it doesn't wait until $20 profit??
I 'm now running a FXDD in paralell with the same settings and getting much better results. Didn't know the account / broker had such a major impact... more so than most
of the FAP settings!

It looks as though you are trading 4% of your accou nt as your lot size

Not ..1lot for a mini or 1 lot for a micro.

When lot size is set to zero this activates the lot risk reducer. Then it only allows you to risk 4% of your account.

The TP is twent PIPS not 20$ so what ever the PIP is worth is what you get at 20 pips

I havent used the LRR but It may only allow a certian movemtn before it takes profiyt. That is if it sees a potential risk greater than four percent it may bail the trade.

Not sure tho cuz I havent used it.

[xixkko]

Hi everybody

i have a question for someone who might know the answer to it.

I have the forex autopilot running with $500 dollras demo account and i already have ten positive trades.

What could happen at the end the month, once the autopilot closes the trades?

Am i going to lose everything?

Thank you very much:)

[DayTrader]

Well, On the FXDD I had LRR=2. Maybe concidental that the profit on all trades was $20.
I have noticed the tick chart is quite different between the two accounts, the FXDD looks much sharpewr and less filtered. More testing needed. I just wish the turmoil will be over soon so we get back to a jo-jo trend and be able to make some real money.

[^eagle^]

FAP only closes losing open positions at month's end. Or more technically at the first trading day of the month whe the australian market opens,

You will not lose any money on positions that have already hit take profit.

[Earl]

For best results with faps I think trading only between 7GMT and 22GMT is the way to go.

I keep on proving this to myself time and time again...

faps picks up a lot of bad signals when the volume is low.....

check your sore toe trade...I bet it was placed somewhere between 2300 GMT and 6:59 GMT


bad trades can happen at anytime...but I find that they happen most during periods of low volume

[xixkko]

HI

WHo is your broker?


Thanks

[mystikdragon7]

I have been using Alpari with decent results. I'll need to do more testing on it though.

[xixkko]

Does anybody know up to how many currency pairs can i trade at once with forex autopilot?


Thank you guys

[alan]

Does anybody know up to how many currency pairs can i trade at once with forex autopilot?


Thank you guys

As many as your system can handle. Just don't forget to set a DIFFERENT "OrderMagic" number for each pair. And make sure you DO NOT run two instances of FAP on the SAME chart and currency pair.

[alan]

HI

WHo is your broker?


Thanks

For FAP I use InterbankFX - both demo and live accounts.

[Short14]

As many as your system can handle. Just don't forget to set a DIFFERENT "OrderMagic" number for each pair. And make sure you DO NOT run two instances of FAP on the SAME chart and currency pair.

Alan..
What is the order magic setting ?:confused:

[^eagle^]

Alan..
What is the order magic setting ?:confused:

The order magic setting is a specific number on the input page of the FAP properties.

It allows FAP to identify a specific trade it initiated. I give each FAP on each pair a specific number.

Eur/usd Magic number=1
GBP/usd magic number=2
usd/chf magiv number=3

Keep it simple

[Earl]

Eagle..... so if you change the magic number before the end of the month it won't close trades without the same magic number???

I wonder if that would work?

[^eagle^]

idk
Give it a shot!

[Earl]

It's got to work.....I'm going to try it on the demo account....

change that magic number...save the cheerleader save the world

[mystikdragon7]

The order magic setting is a specific number on the input page of the FAP properties.

It allows FAP to identify a specific trade it initiated. I give each FAP on each pair a specific number.

Eur/usd Magic number=1
GBP/usd magic number=2
usd/chf magiv number=3

Keep it simple

Wow I didn't even know that. Looks like I need to do some changes really quick.

[^eagle^]

Wow I didn't even know that. Looks like I need to do some changes really quick.

It has more to do if you manual trade while FAP is running but I do this to cover all the bases.

[mystikdragon7]

Ya I do a handful of manual trades so I guess that will help out a lot.

[n1ghtnday]

It's got to work.....I'm going to try it on the demo account....

change that magic number...save the cheerleader save the world

Interesting theory, Earl ;)

[xixkko]

Hi everybody

does anybody know an honest broker that i can open an account with...i already heard many stories about brokers interfering with the stop loss in people accounts?


Thank you

[DayTrader]

Why did it suddenly close all positions????
I was trading manually and had an open sell and an open buy... was waiting for the 'right' time but suddenly both were automatically closed at the same time.. *poff* and I had a loss of 1K. WHAT HAPPENED ?

[Earl]

margin call

[xixkko]

Hi

do you happen to know a good honest broker firm?

Where do you put this magic numbers?



Thank you very much

[mystikdragon7]

margin call

hate it when that happens:mad:

[mystikdragon7]

Hi

do you happen to know a good honest broker firm?

Where do you put this magic numbers?



Thank you very much

FXDD and Alpari are pretty good. I have had good results with Alpari right now. Well except for today, I think we all took a big hit. Must have been from the feds dropping the interest rate maybe?

Your magic numbers are in the settings.

[DayTrader]

Hi,
anyone know of a 'serious' broker that offers low leverage... 1:10 or lower ?

[mystikdragon7]

Hi,
anyone know of a 'serious' broker that offers low leverage... 1:10 or lower ?

ibfx.com/interbank fx has a leverage setting all the way down to 1:1

[DayTrader]

Ok I'll have a closer look at'em. 200:1 is a killer no doubt (at least for manual trading in the long run). But it seems the FAP handles 200:1 just beautifully though... my two day old FXDD 5K account is up to 9200 now at weekend close, 31 trades and all wining!

On a different note:
I realize the forex market is nothing but a betting game, there is no real need to exchange $4trllions each day, and there isnt much real money in the market...
So I wonder if someone has successfully withdrawn profit money from their trading account and transfered them to their normal bank account and thereby turned 'game profits' into real money ??

[DayTrader]

Why are my profit calculations off by a factor of 10.0 ?

5K demo with 1:200
Ex from a trade:
Buy 0.7 eurusd @ 1.2722 TP(20) @ 1.2742, Profit = $140.

My calcs:
LotSize =5000 x 200 = $1000,000
0.7 x 1000,000 x (1.2742 - 1.2722) = $1400.

Where did I go wrong here? The demo has no option for 1:20 leverage so it can't be that...

[Oewee]

Hi,
I am a new member and still studying the optimize setting for FAPS.
Currently, I am using FXpro for back test and would like to have feedback for my setting if it is used for other broker:
EurUSD M1
lots = 0.1
bbb = 7
take profit = 220 (for 5 digit) or 22 (for 4 digit) to maximize the profit.
UseMAControl = 0 (it seems this setting with bbb can enforce FAPS to put more trading position, but this setting only for short period trading 1 to 5 days)

The rest same as original setting.

For initial deposit should not be less than 852 (or 8520 for 1 lot) in order to cope all swing in this October period.

I got backtest result :
Initial Deposit : 855
period 27 to 30 October '08
Total Net Profit : 362
Total Trades : 17 and without loss

period 28 to 29 October
Total Net Profit : 198
Total Trades : 9 and without loss

period 29 to 31 October
Total Net Profit : 254
Total Trades : 18 and one loss (-120) due to closed at period stop


rgds

[greentrader99]

For best results with faps I think trading only between 7GMT and 22GMT is the way to go.

I keep on proving this to myself time and time again...

faps picks up a lot of bad signals when the volume is low.....

check your sore toe trade...I bet it was placed somewhere between 2300 GMT and 6:59 GMT


bad trades can happen at anytime...but I find that they happen most during periods of low volume

I have IBFX for a broker. I would like to test that time that you have posted. How do I input that into FAPS?

Thanks

[DayTrader]

? MT4 uses less time than selected for backtesting ?

Selecting eg 60 days backtesting only 2-3 days show up in the Results list (trades).
Is this a bug or what?

[Earl]

I have IBFX for a broker. I would like to test that time that you have posted. How do I input that into FAPS?

Thanks
it's in your inputs...but disregard my comments...you have to take the bad with the good....it didn't make much difference in the long run.

[Earl]

? MT4 uses less time than selected for backtesting ?

Selecting eg 60 days backtesting only 2-3 days show up in the Results list (trades).
Is this a bug or what? I was reading one here..that it depends on your broker...some omit info some don't

[DayTrader]

Can't see that it matters. I'm on a FXDD demo, and have years of history up until today.
Some tests show eg 14days of trades while other tests (weeks long) only shows 1-3 days of data. Seems like a bug to me...
This behavior invalidates testing as the graph only shows the first couple of days.
Hmm...

[Earl]

it could have held the position for days??? thats 1 theory...

It's happened to me on my live account..I've seen it happen to alan as well where it posted a loss of -900+ bucks and it held that position all month

[DayTrader]

Yes but there should atleast be some record (close at stop) at the end of the period.

Eg testing with 25.08.2008 - 30.10.2008 the results only span 25.08.2008 - 02.09.2008
This seem to happen (almost ) every time, haven't found a pattern in it...
The other EAs eg NFP do not seem have this problem.

I've sent a bug report to Marcus, I'll let you know when/if I get a reply.

[DayTrader]

And there are other issues with FAP... Some simulation input settings are still considered
even though their box is NOT ticked. This is in contradiction to the manual and clearly a bug so the result output issue may wel also be a bug.

[DayTrader]

Heres what they said:

**
Hello,

NFP is a non farm payrol it is an important economic new released on
every first friday of each month
The values for "time out hour and the time out minute" are the values
of the time of the even in hours and minutes.
**

Dunno what to make of it, wasn't any help anyhow...

[DayTrader]

Bad experiences with FXDD ?
Some say FXDD is basically a forex scam, supprt is poor to non-exsistant, loss of deposit, problems with and slow withdrawals etc.
Anyone tried a FXDD live account? What is you experience?

I've mostly used FXDD for testing and have been getting superb results on the demo, so I'd like to use'em for live trading also... but not if they're problematic.

Also: did any of you notice any significant difference when moving from demo to live account ?

[Earl]

wow I've had no problems live or demo....

the support is not outstanding but tell me where support is?

[DayTrader]

He.. Well, I did google for problems with FXDD, IBFX, Alpari, and it seems all of them has some problems as mentioned earlier. I dunno which broker to choose...I'm now running
FXDD and IBFX demos in parallel and both are getting superb results. Doubeling a 5K account in 18hrs should make anyone happy.
But if all this changes once they get their hand on some real money...

What live broker did you use? Done successful withdrawals?

[Willsell]

I read alot about faps before I started to use it...one of the professional traders said it's best to kick the demo to the curb once you get the hang of the program.

I think .1 = $1perpip is a good start but it all depends on what you can afford to loose. Cutting back to .05 has taken the pressure off..I'm having FUN!

the funny thing is...I got the faps so I wouldn't have to watch the market myself..but yet I stay up late..I get up early.... and a rush home after work
and before I even say hello to my wife and kids I check my faps..LOL

rofl

It is comforting to know that I am not alone....now if I can only get her to stop the B...ing

This is what I have learned from experience. With small accounts .01 works well because you need to be able to sustain losses..and they will come.
Take for ever? increase the lot size(greed) and see how long it takes to get blown out. So you do need to exercise some discipline and patience.

[Earl]

the funny thing is....she way b...ing at me as I was reading this post.

Some people just don't understand..you have to live eat and breath forex to become good. The more you work with it the better you get.

I think Most traders fail because they have other demanding their time...LOL

[Willsell]

Interesting thing happened today.. I have a 50000 demo account and a 3000 demo account. The settings for FAPS is the same except the lot size.
on 50k account i set lot to auto
on 3k account I set lots to .02
max orders are set to 10 on both accounts
Observations
on 50k account it excecuted 60 Plus winning trades.
on 3k account I totally wacked the rythm because I put my 2 cents in by manually trading (lol). Sound familiar Earl?
I noticed that Faps will execute max orders all at once. How can I slow that down?
Executing all at once means I have 10 winning positions or 10 losing positions.
Stop time is 1
aaa ....20
bbb ...8
take profit ....20
Stop loss ..... 0

[Earl]

if your on the M5 chart don't worry....

drawdown is never more than 16% if that... contract only last for max 1 hours..most times your equity is higher than your balance...

sit back watch the ride it's miller time...

there is an uptrend right now... there will be no foolish trades by faps at these setting...

what goes up must go down....:D

if you want to lessen the the blow cut your trades down to 5 or 2 or even 1

[Willsell]

if your on the M5 chart don't worry....

drawdown is never more than 16% if that... contract only last for max 1 hours..most times your equity is higher than your balance...

sit back watch the ride it's miller time...

there is an uptrend right now... there will be no foolish trades by faps at these setting...

what goes up must go down....:D

if you want to lessen the the blow cut your trades down to 5 or 2 or even 1

I just noticed that even though I selected M5 to back test FAPS caused the back test to only collect M1. If that is the case does this mean that regardless of what time chart you are on FAPS will only use M1?

[Earl]

it collects M1 data to make up the M5 test...as long as you have M5 selected thats all you need...

it buys in a group.....on the M5 chart

the contact doesn't last for long...from 2 to 60 mins most times

equity may be more than your balance at some points

not hugh drawdowns at least no more than 16%

going short mostly

win win win

I have made $300 on my 1000 dollar account
I have made 9k off my 10k account

in 2 days

[Alfonzo]

it collects M1 data to make up the M5 test...as long as you have M5 selected thats all you need...

it buys in a group.....on the M5 chart

the contact doesn't last for long...from 2 to 60 mins most times

equity may be more than your balance at some points

not hugh drawdowns at least no more than 16%

going short mostly

win win win

I have made $300 on my 1000 dollar account
I have made 9k off my 10k account

in 2 days
Wow...nice stats earl. You've been posting on here quite a while, hows it been longer term??

[DayTrader]

Hi, I seem to have a settings problem. I have this thing running all day, and for a while it makes good profit ofthen more than +50% in a less than a day... then I'm back to +0 or even -50%. Problem is that it places some orders and the trend goes against it.... It hangs on until SL or even MC in the worst cases. Not much point in trading this way.
Do you see anything obviously wrong in these settings(5K demo 1:200)?
******
Lots=0.00000000
LotsRiskReductor=10.00000000
MaxOrders=10
MaxLots=4
StopTime=1
aaa=13
bbb=14
TakeProfit=20.00000000
StopLoss=100.00000000
TrailingStop=1.00000000
UseMAControl=0
PeriodMA=0
PriceMA_0_6=0
TypeMA_0_3=0
SpanGator=0.50000000
SlipPage=3
OrderMagic=231313
SafetyGapDemarker=0.20000000
SafetyGapWPR=0.00000000
StartWorkTimeHour=0
StartWorkTimeMin=0
EndWorkTimeHour=0
EndWorkTimeMin=0
KEY=***********
********

[mystikdragon7]

Hi, I seem to have a settings problem. I have this thing running all day, and for a while it makes good profit ofthen more than +50% in a less than a day... then I'm back to +0 or even -50%. Problem is that it places some orders and the trend goes against it.... It hangs on until SL or even MC in the worst cases. Not much point in trading this way.
Do you see anything obviously wrong in these settings(5K demo 1:200)?
******
Lots=0.00000000
LotsRiskReductor=10.00000000
MaxOrders=10
MaxLots=4
StopTime=1
aaa=13
bbb=14
TakeProfit=20.00000000
StopLoss=100.00000000
TrailingStop=1.00000000
UseMAControl=0
PeriodMA=0
PriceMA_0_6=0
TypeMA_0_3=0
SpanGator=0.50000000
SlipPage=3
OrderMagic=231313
SafetyGapDemarker=0.20000000
SafetyGapWPR=0.00000000
StartWorkTimeHour=0
StartWorkTimeMin=0
EndWorkTimeHour=0
EndWorkTimeMin=0
KEY=***********
********

Yes your lots risk reducer is set at ten percent OUCH:eek:. Change that to 1.0 and you won't have your account get hammered so hard when there is a drawdown in your account. Your max lots is set at four, I think that's kinda low. I have always used the default setting of 100 and has worked just fine. Your stop loss is kinda low IMHO. I have mine set to zero (I'm kinda a risk taker) with great results and others here have theirs set all the way up to 400 and higher with great results. Also, IMHO I think your trailing stop is a bit too small. All it takes is 1 pip in the other direction and it will close out that trade. In fact with it set that low it could be closing out your trade between the spread and you're losing money. If you insist on using the trailing stop set it at least past the spread. Give it a try and see what you think.

[DayTrader]

Yes your lots risk reducer is set at ten percent OUCH:eek:. Change that to 1.0 and you won't have your account get hammered so hard when there is a drawdown in your account. Your max lots is set at four, I think that's kinda low. I have always used the default setting of 100 and has worked just fine. Your stop loss is kinda low IMHO. I have mine set to zero (I'm kinda a risk taker) with great results and others here have theirs set all the way up to 400 and higher with great results. Also, IMHO I think your trailing stop is a bit too small. All it takes is 1 pip in the other direction and it will close out that trade. In fact with it set that low it could be closing out your trade between the spread and you're losing money. If you insist on using the trailing stop set it at least past the spread. Give it a try and see what you think.

Thanks,
I'll look into it. Mostly I've used
StopLoss=300
TrailingStop=32

The settings shown was just my latest experiment. But I wonder if the TS feature actually works because even with TS=1 FAP didn't close the trade when trend turned.
Also how could one possibly loose when TS is working properly?? I mean SL settings would be irrelevant right ?

[mystikdragon7]

Thanks,
I'll look into it. Mostly I've used
StopLoss=300
TrailingStop=32

The settings shown was just my latest experiment. But I wonder if the TS feature actually works because even with TS=1 FAP didn't close the trade when trend turned.
Also how could one possibly loose when TS is working properly?? I mean SL settings would be irrelevant right ?

What broker are you using?

[DayTrader]

What broker are you using?

FXDD and IBFX, both 5K and 1:200

[DayTrader]

Seems no SL or very high SL gives better results, except there is a significant loss at end of month. Do you guys do any tweaking of FAP the last few days to prepare for the end of month closing of open positions?

[Earl]

Seems no SL or very high SL gives better results, except there is a significant loss at end of month. Do you guys do any tweaking of FAP the last few days to prepare for the end of month closing of open positions?
having a stop loss is like dominoes..hit one the all start dropping...:eek:

I'm geting 98% on shorts 100% on longs

but that 1 trade 1%-2% kills the hole account everytime

[DayTrader]

Ok. I'm now doing a test with LRR=1% and TS=50, will keep it running a few days and see how it goes.
Last night I did some backtesting to check the TS but from what I could figure out it does not work properly... With a sensible TS setting it should be nearly impossible to loose more than a few pips.
Have you checked that the TS feature actually works correctly in FAP ?

[Short14]

What you say is intriguing, if it does in fact work ")

[Earl]

What you say is intriguing, if it does in fact work ") hey short we got that covered when you set the max lots feature:D

[mystikdragon7]

Ok. I'm now doing a test with LRR=1% and TS=50, will keep it running a few days and see how it goes.
Last night I did some backtesting to check the TS but from what I could figure out it does not work properly... With a sensible TS setting it should be nearly impossible to loose more than a few pips.
Have you checked that the TS feature actually works correctly in FAP ?

What is your TP set at?

[Sooner]

Perhaps I misunderstood but I believe he is using the TS as the TP, brings up an interesting idea, I think I will back test on that for a while myself. Scratch that, FAPS won't work without a TP set... must be set really high.

[Sooner]

So far this is the best set of results I could get out of it, not bad for the starting balance, and one trade with .01 lots. Tested several settings with both TP from 300-125 and SL from 50-25.

Bars in test 307086
Ticks modelled 2918378
Modelling quality 25.00%
Mismatched charts errors 0
Initial deposit 500.00
Total net profit 2943.85
Gross profit 5334.60
Gross loss -2390.75
Profit factor 2.23
Expected payoff 14.15
Absolute drawdown 319.80
Maximal drawdown 1384.60 (71.80%)
Relative drawdown 73.64% (503.40)
Total trades 208
Short positions (won %) 117 (96.58%)
Long positions (won %) 91 (92.31%)
Profit trades (% of total) 197 (94.71%)
Loss trades (% of total) 11 (5.29%)
Largest
profit trade 125.80
loss trade -774.20
Average
profit trade 27.08
loss trade -217.34
Maximum
consecutive wins (profit in money) 58 (1524.30)
consecutive losses (loss in money) 1 (-774.20)
Maximal
consecutive profit (count of wins) 1524.30 (58)
consecutive loss (count of losses) -774.20 (1)
Average
consecutive wins 18
consecutive losses 1

[mystikdragon7]

[QUOTE=Sooner;2672]So far this is the best set of results I could get out of it, not bad for the starting balance, and one trade with .01 lots. Tested several settings with both TP from 300-125 and SL from 50-25.

Modeling quality is a bit low, what was the time frame you tested?

[Sooner]

That was M1, M5 results were very similar however M1 was the last one I ran hence the reason I posted it.

[mystikdragon7]

Oops my bad, I meant the dates. What dates did you test?

[alan]

Perhaps I misunderstood but I believe he is using the TS as the TP, brings up an interesting idea, I think I will back test on that for a while myself. Scratch that, FAPS won't work without a TP set... must be set really high.

Hmm, a while back I backtested FAPS with a very large TP of 400 pips and various TS settings and the odd thing is that it always performed best when set to 20 pip TP and no SL.

[DayTrader]

>>FAPS activation problem<<
Their memberzone pages has been down for days, for all I know they may have left their customers out in the cold (now that they have a new Turbo for sale)... Hope and pray that you won't need to reactivate your copy!
If they have deliberatly shut down those memberpages I find it a questionable practice, at best... but really its fraud! My FAP is only a month old.

Moderator Edit: The memberzone pages have changed due to the open nature of the way it was designed, which allowed VERY easy piracy of FAPS. If you email the FAPS Support team they will send you the new link. Sorry to edit your text, but we can't have Alan pestered for allowing Piracy ont his forum :) -Dave

[DayTrader]

>>FAPS activation problem<<
Their memberzone pages has been down for days, for all I know they may have left their customers out in the cold (now that they have a new Turbo for sale)... Hope and pray that you won't need to reactivate your copy!
If they have deliberatly shut down those memberpages I find it a questionable practice, at best... but really its fraud! My FAP is only a month old.

Moderator Edit: The memberzone pages have changed due to the open nature of the way it was designed, which allowed VERY easy piracy of FAPS. If you email the FAPS Support team they will send you the new link. Sorry to edit your text, but we can't have Alan pestered for allowing Piracy ont his forum :) -Dave

He is with FXDD now isn't he?
Nothing is better than continued support from FAP but they should have sent out the new link to all customers so we wouldn't have to keep guessing as to whats going on. I never got such a message for a new members area, and two other guys (neighbors) I recommended FAP to are now sitting with nonfunctional FAPs... I guess they didn't get the link either. Sorry for the outburst, I just got so annoyed and the other guys came breathing down my neck for answers.

[lorddave]

Yeah no worries mate, I didn't get sent the link either. I noticed that the FAPTurbo member area actually has a logon page now, so they have learned how to make their page more secure at least!

[alan]

Yes guys, please let's have no piracy on this forum. Thanks for your understanding and happy trading to everyone!

:)

[mystikdragon7]

Yes guys, please let's have no piracy on this forum. Thanks for your understanding and happy trading to everyone!

:)

Ok I've just been given word that the next person to post the FAPS member link will have to face the moderator crew!!
*see pic below*

[alan]

ahahahahaha...hilarious stuff :D

[mystikdragon7]

ahahahahaha...hilarious stuff :D

Well I haven't seen anyone post it since then!!:D Guess it worked. You will fear the Cookie Monster!!

[alan]

I for one welcome our new Cookie Monster overlord :p

[vinniepooh]

at .01 per trade...how will you make any money??? it will take forever!
Hello
You ask how with 0.01 per trade!!!
Forever for You is three weeks for me.....
The results....hmmm let think about it!
Check my results You will see how!
I optimized this Expert Advisor, and i get the best results ever!!!
i don't trade even with 0.02....
211% for 3 weeks.Total triple the account.
The results are not with the default set, this is to be clear!!!
Check the link!
https://www.myfxbook.com/portfolio/autopilot-eurusd/27276
http://www.myfxbook.com/widget?id=27276&type=2&color=green (http://www.myfxbook.com/members/vinnieforex/autopilot-eurusd/27276)
i optimize also FAP turbo,and other EA
Check My forum:
http://vinnieforex-fapturbo.blogspot.com/
Cheers
VinnieForex

[vinniepooh]

at .01 per trade...how will you make any money??? it will take forever!
Hello
You ask how with 0.01 per trade!!!
Forever for You is three weeks for me.....
The results....hmmm let think about it!
Check my results You will see how!
I optimized this Expert Advisor, and i get the best results ever!!!
i don't trade even with 0.02....
211% for 3 weeks.Total triple the account.
The results are not with the default set, this is to be clear!!!
Check the link!
https://www.myfxbook.com/portfolio/autopilot-eurusd/27276
http://www.myfxbook.com/widget?id=27276&type=2&color=green (http://www.myfxbook.com/members/vinnieforex/autopilot-eurusd/27276)
Check my blog
i optimize also FAP turbo,and other EA
Check My Blog:
http://vinnieforex-fapturbo.blogspot.com/
Cheers
VinnieForex

[fxtech]

I optimized this Expert Advisor, and i get the best results ever!!!


Hey yo vinnie,
Could you tell me how you optimized this. I don`t mean the basic, I know how to to that, I am talking about which settings were optimized first, did you optimize more than 2 settings at the same time, which settings would be best to leave alone, and so forth.

Thanks

[siko2000]

I actually did set up a mini account and thought $500 would be a good start. Should I try to start it with more capital? Or maybe lowering the lot size more?

[alan]

I actually did set up a mini account and thought $500 would be a good start. Should I try to start it with more capital? Or maybe lowering the lot size more?

$500 should be ok to start, but naturally the growth will be slower as the wins it makes won't add up to such a large $ amount, but any profit is good profit in my book. Just make sure you use a lower risk level though. Also what leverage level are you using? And what broker are you using?

I'd recommend telling it to risk no more than 5% of your account.