The Forex Autopilot and FapTurbo Forum

This forum provides free community support for the following expert advisors (forex robots):
FapTurbo - Most Popular (Fapturbo version 50 is out!)
Forex Autopilot System




Recommended: FAP Turbo Expert Guide - Make the most of FAP Turbo

Our own Forex VPS solution is live and open for business!! Click here to find out more!

(Unlimited Memory & Bandwidth - host as many forex robots as you want!)

Attention Visitor:
You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   The Forex Autopilot and FapTurbo Forum > Main Forex Autopilot Forum > General Forex Autopilot Questions and Discussion

Sponsors
Top Forex VPS Providers
MetaTrader 4 (MT4) Forex Brokers


Notices

General Forex Autopilot Questions and Discussion This is the primary board for discussing Forex Autopilot related subject matter

Reply
 
Thread Tools Display Modes
  #1  
Old 10-23-2008, 08:02 PM
flywithdream flywithdream is offline
Junior Member
 
Join Date: Oct 2008
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Default auto trading + manual intervention

I have autopilot running for 2 days, so far I have found one trick, which is you should let it trading itself, but you need to set the trend yourself, for example, recently the trend of eur/usd is down and usd/chf is up, so when you setup the autopilot, you need to change the default Long&Short position to Only Short for eur/usd and Only Long for usd/chf. This way you limit the chance of a huge stop loss, which happens several times on my demo account.

As far as how to track the trend, I think there are plenty of resource online we can track and normally it is hard for us to stand in the wrong side. you just need to check a few times each day to see if the trend reverse, and if it does reverse, adjust the autopilot accordingly.

of course this idea may be totally wrong, considering i only use autopilot for 2 days

Last edited by flywithdream; 10-23-2008 at 08:06 PM.
Reply With Quote

  #2  
Old 10-23-2008, 09:16 PM
^eagle^ ^eagle^ is offline
Super Moderator
 
Join Date: Sep 2008
Posts: 827
Thanks: 13
Thanked 21 Times in 19 Posts
Default

Quote:
Originally Posted by flywithdream View Post
I have autopilot running for 2 days, so far I have found one trick, which is you should let it trading itself, but you need to set the trend yourself, for example, recently the trend of eur/usd is down and usd/chf is up, so when you setup the autopilot, you need to change the default Long&Short position to Only Short for eur/usd and Only Long for usd/chf. This way you limit the chance of a huge stop loss, which happens several times on my demo account.

As far as how to track the trend, I think there are plenty of resource online we can track and normally it is hard for us to stand in the wrong side. you just need to check a few times each day to see if the trend reverse, and if it does reverse, adjust the autopilot accordingly.

of course this idea may be totally wrong, considering i only use autopilot for 2 days
thta's good. the trend is your friend. keep up the good work. a nice conservative way to trade FAP. FAP has a trend filter but but it does also decide to try for short uptakes against the trend. try looking at the daily charts and learn about trend lines and triangles.

Fibonacci retracements are another useful tool to learn.

gOOD LUCK.
Reply With Quote
  #3  
Old 10-23-2008, 09:54 PM
balanced balanced is offline
Junior Member
 
Join Date: Oct 2008
Posts: 10
Thanks: 0
Thanked 0 Times in 0 Posts
Default

Seems as if everything is short on my system as that is the general trend. But we are in a congestion now a a possible up move fundamentally with .5 point basis cut. So when the trade goes short in the candlstick wicks. I go long to hedge the position that way we can work together and I can avoid the big draw down. Therefore if the bottom goes I cut the long leg and if it goes up I play it out to see if we have a change in trend. Once it clears this area it is back to business as usual.
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


FapTurbo
Forex Autopilot System



These are the 100 most searched terms
Search Cloud
alpari uk gmt offset autopilot forum fab turbo fab turbo forum fab turbo settings fabturbo forum fabturbo settings fap settings fap turbo forum fap turbo settings faprobot faps forum fapsturbo fapturbo fapturbo dll fapturbo forum fapturbo forums fapturbo key fapturbo mq4 fapturbo settings fapturbo.dll fapturbo.ex4 fapturbo.mq4 fapturbo16 fapturbo16.ex4 fapturbo3.dll forex auto pilot forum forex autopilot forex autopilot forum forex autopilot key forex autopilot member zone forex autopilot members forex autopilot members area forex autopilot members zone forex autopilot members zone 125 forex autopilot settings forexautopilot forum forexautopilotforum forexautopilotforum.com fxparazitescalper gods gift ea meta4 brokers mt4 nifty mt4stats nfp pilot pipturbo setting fab turbo spangator ultra trend indicator www.forexautopilotforum.com ... powered by Simple Search Cloud

All times are GMT -5. The time now is 01:04 AM.


Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.

Skin design by bogu@project-voyageur

C-Logic SEO 1.0.3 by Computer-Logic.org
Ad Management by RedTyger