How to make profit using FAP

[nav2kz]

Guys, i have been using FAP for nearly 2 years. I would like to share my experience with you all.

Let me tell you something, which i know most of u'll wud know; never ever trade in forex if ur greedy or let ur emotion get into your way. This is truly a recipe for disaster. This is what happen to me, i got greedy and blowed up my account. Yet, i believe failure is the beginning of all success.

The key rule here is trade smart, and not by ur instinct or emotion.
Try this on your demo account before you go life.

Open a demo account with 3000USD. The bigger the amount the higher the margin is.

Trade when the market is active, in this case i only trade on tuesday, wednesday and thursday, during london/new york exchange.

FAP only allows you to set a minimum or 10 pips of profit, and you can't set it lower then tat. Here's how you can gain profit.

1) set ur lot size to 1.0
2) set ur profit to 10 pips.
3) activate the robot
4) when the robot opens a trade, right click on the trade n click to modify your profit. In this case set your trade to 5 pips profit.
5) don't set your stop lost.
6) be patient, don't close the trade if its going on lost.
7) Once the target is achieve the trade will close and you'll profit in 50USD.

Now this is when you have to be disipline enough to close your program and call it a day. Don't let the robot open another trade.
Continue doing this once per-day - tuesday, wednesday n thursday and i'm sure u'll be able to gain profit.

Remember, trade responsibly and not with your heart.
Cheers.
Nav

[nav2kz]

Hi guys, here's prove that the system works. I'll try to post weekly result.
Happy trading folks!

Cheers,
Nav

[junglist00]

Hi guys, here's prove that the system works. I'll try to post weekly result.
Happy trading folks!

Cheers,
Nav

what determines whether you trade once or 4 times per day

[nav2kz]

what determines whether you trade once or 4 times per day

1) I do not allow FAPs to operate the whole day or week, i only on it during london/new york market hours.

2 ) Wat determines ? I would say resistance and support. (http://www.babypips.com/school/support_and_resistance.html). U can check for this figures at (http://www.mataf.net/en/forex/eurusd), and the best time to trade is 1800 GMT - 2300 GMT. But as i said, put an objective for your trade, if 50usd is ur ojective, achieve it and close your program. You don't have to trade again.

3) some times FAP will take awhile b4 it opens any trades. Be patient, u will definately get your 5 pips especially when the trade falls between the support and resistance. level.

[nav2kz]

hmm sorry guys, i think i posted more then once, hope the moderator can delete the first two. Thanks.

[junglist00]

1) I do not allow FAPs to operate the whole day or week, i only on it during london/new york market hours.

2 ) Wat determines ? I would say resistance and support. (http://www.babypips.com/school/support_and_resistance.html). U can check for this figures at (http://www.mataf.net/en/forex/eurusd), and the best time to trade is 1800 GMT - 2300 GMT. But as i said, put an objective for your trade, if 50usd is ur ojective, achieve it and close your program. You don't have to trade again.

.

Thanks for the info. However you time is a bit contradictory.
Also, I have found from this forum that settings aaa to 20 and bbb to 8 give good results. been testing ok up until recently. Hopefully in the new year this will change.

[nav2kz]

Thanks for the info. However you time is a bit contradictory.
Also, I have found from this forum that settings aaa to 20 and bbb to 8 give good results. been testing ok up until recently. Hopefully in the new year this will change.

thanks, i'll test it out as well. happy forexin ; )

[Earl]

aaa bbb 20 and 8 don't work as well as they use to ...LOL

Those where my orginal settings 2 years ago...LOL

[^eagle^]

Guys, i have been using FAP for nearly 2 years. I would like to share my experience with you all.

Let me tell you something, which i know most of u'll wud know; never ever trade in forex if ur greedy or let ur emotion get into your way. This is truly a recipe for disaster. This is what happen to me, i got greedy and blowed up my account. Yet, i believe failure is the beginning of all success.

The key rule here is trade smart, and not by ur instinct or emotion.
Try this on your demo account before you go life.

Open a demo account with 3000USD. The bigger the amount the higher the margin is.

Trade when the market is active, in this case i only trade on tuesday, wednesday and thursday, during london/new york exchange.

FAP only allows you to set a minimum or 10 pips of profit, and you can't set it lower then tat. Here's how you can gain profit.

1) set ur lot size to 1.0
2) set ur profit to 10 pips.
3) activate the robot
4) when the robot opens a trade, right click on the trade n click to modify your profit. In this case set your trade to 5 pips profit.
5) don't set your stop lost.
6) be patient, don't close the trade if its going on lost.
7) Once the target is achieve the trade will close and you'll profit in 50USD.

Now this is when you have to be disipline enough to close your program and call it a day. Don't let the robot open another trade.
Continue doing this once per-day - tuesday, wednesday n thursday and i'm sure u'll be able to gain profit.

Remember, trade responsibly and not with your heart.
Cheers.
Nav
The latest version of forex auto Pilot has this one trade feature built into it.

Just set one trade=1 and it will only trade once a day. set up your take profit and you are done. I believe you can set it to take two trades or three and so on but I have not tested that.. 0=one trade "off"

[junglist00]

aaa bbb 20 and 8 don't work as well as they use to ...LOL

Those where my orginal settings 2 years ago...LOL

Yeh, they worked ok up until about mid october ... will be trying them again, end of January

[nav2kz]

The latest version of forex auto Pilot has this one trade feature built into it.

Just set one trade=1 and it will only trade once a day. set up your take profit and you are done. I believe you can set it to take two trades or three and so on but I have not tested that.. 0=one trade "off"

yes ur right eagle, i'm only allowing it to open one trade per time, hence the reason why i follow the strict rule, make the money and close the program.
: )

[nav2kz]

Yeh, they worked ok up until about mid october ... will be trying them again, end of January

Hi Junglist, i did try ur method but took a very long time to open a trade. I switched back to the default one, 13/14. I normally allow it to run during active trading session as per below.

London
Great Britain Europe/London 08:00 AM - 04:00 PM

New York
United States America/New_York 01:00 PM - 09:00 PM

[nav2kz]

hi guys,
here's my second update for the forex earning on my demo account.
Trading was done for 2 weeks and here are the results.
Planning to stick with this plan for the next 3 months before i go to live.

http://img38.imageshack.us/img38/2080/prove2t.th.jpg (http://img38.imageshack.us/i/prove2t.jpg/)

http://img26.imageshack.us/img26/7056/prove3.th.jpg (http://img26.imageshack.us/i/prove3.jpg/)