Help with regards to settings

[Steve]

FAP settings for mini trading account.

Hi I have the system up and running. Started trading the EUR/USD.MI with FAP.

Stated on a 5,000 demo account on the 14 of November which is now 6,480 which I think is good. FAP has made 13 trades and has not lost one. I am using these settings for the 5,000 demo;

Lots 0.5
Lots Risk Reductor 3.0
Max Orders1
Max lots 100
Stop time 1
aaa 13
bbb 14
Take profit 20
Stop loss 0.0
Trailing stop 0.0
Use Ma Control 1
Period MA 0
Type MA 0
Span Gator 0.5
Slip Page 3
Safety Gap Demarker 0.2
Safety Gap WRP 0.0
Start work to end work are all 0

Now I don’t really no if these inputs are great and if they are applicable since it states default on the bottom of the page.

Also this is on a demo account for 5,000 what settings would be advisable on a mini account of lets say 1000. Can not afford to spend much more at the moment.

Also I am a little worried about the margins. How do I ensure I have a enough to enable trading and not get the account stopped or even owing the broker money.

I am with Meta Trader Forex Meta and FAPS is running.

It would be realy helpful if I could have some of your expert feedback.

Thanks.

[Craig BC]

I think for your LRR to take effect you have to have your LOTS at 0
Or use your LOTS and not the LRR.

[Sooner]

Your period MA is zero? Back tests with a $1,000 starting balance on these settings show a near blow out in 2006, although it did recover, it lost a lot of trades between march and july of that time span. Here are the results for a nearly 3 year back test, 2.34% return on investment over 3 years, you could get nearly the same thing in a savings account :)

Bars in test 212930
Ticks modelled 6068978
Modelling quality 90.00%
Mismatched charts errors 11
Initial deposit 1000.00
Total net profit 234.80
Gross profit 8454.80
Gross loss -8220.00
Profit factor 1.03
Expected payoff 0.52
Absolute drawdown 896.30
Maximal drawdown 2104.50 (95.30%)
Relative drawdown 95.30% (2104.50)
Total trades 452
Short positions (won %) 248 (92.34%)
Long positions (won %) 204 (94.12%)
Profit trades (% of total) 421 (93.14%)
Loss trades (% of total) 31 (6.86%)
Largest
profit trade 45.60
loss trade -1278.60
Average
profit trade 20.08
loss trade -265.16
Maximum
consecutive wins (profit in money) 42 (824.85)
consecutive losses (loss in money) 2 (-520.40)
Maximal
consecutive profit (count of wins) 824.85 (42)
consecutive loss (count of losses) -1278.60 (1)
Average
consecutive wins 14
consecutive losses 1