Trial FAPS and make a profit

[Oewee]

Thanks to the forum and who has brought up the good ideas for FAPS setting.

Realize that FAPS would give consistent profitability (low risk) by defining right initial deposit which require more than $ 780 for 0.1 lot trading (tested from Jan to Nov '08).
It suggests to FAPS users to start in making profit (with low risk) by conducting trial in live account using micro lot (in cent) instead of doing it in demo account.
Even in micro lot, but FAPS still can generate potential profit $ 100 to $1000 in a month with initial deposit from $10 to $100.
In microlot:
$ 10 equal to 1000 pips / cents
$ 100 equal to 10000 pips
It means, FAPS will look $100 as $ 10,000 account.
Thus FAPS can work smoothly as in back testing.

Once we have collected the money about $1000, then we can move to standard account using 0.1 lot trading.
Several brokers provide micro lot trading using MT4.

Good Luck:)

[Oewee]

Here is the optimum setting which I've got after learn FAPS behaviour for two months.
I believe this is not the best one but it run well at 2 brokers.

Initial deposit min $1000 at standard lot account or $10 (1000 cents) at micro lot account.
EURUSD 5M
Lots 0
LRR 2
Max orders 3
aaa 33
bbb 58
TP 25
PeriodMA 21
Span gator 0.3
the rest are as default.

back tested in Nov'08:
Net Profit = 7,561 for initial deposit 1000 and 116,375 for initial deposit 10,000
Profit Factor = 4.19
Total Trades 159
Short position 110
Long position 49
% profit trades 98.74%

modelling quality 90%; ticks modelled 329320.

This setting for medium risk, to lower the risk can use LRR = 1 and max orders = 3 to 5.
Higher risk use LRR = 3 with higher net profit about 392,639 (10,000 deposit).

Glad to hear FAPS users success.

[^eagle^]

Here is the optimum setting which I've got after learn FAPS behaviour for two months.
I believe this is not the best one but it run well at 2 brokers.

Initial deposit min $1000 at standard lot account or $10 (1000 cents) at micro lot account.
EURUSD 5M
Lots 0
LRR 2
Max orders 3
aaa 33
bbb 58
TP 25
PeriodMA 21
Span gator 0.3
the rest are as default.

back tested in Nov'08:
Net Profit = 7,561 for initial deposit 1000 and 116,375 for initial deposit 10,000
Profit Factor = 4.19
Total Trades 159
Short position 110
Long position 49
% profit trades 98.74%

modelling quality 90%; ticks modelled 329320.

This setting for medium risk, to lower the risk can use LRR = 1 and max orders = 3 to 5.
Higher risk use LRR = 3 with higher net profit about 392,639 (10,000 deposit).

Glad to hear FAPS users success.

Looking forward to hearing about forward testing.