Can you force FAPS to close a trade b4 opening a new one

pekkle007 · #1 04-20-2009, 04:19 PM

4/20/09 - I'm in a bad situation on the EUR/USD. The robot sold at 1.2920, then stood on the sidelines while the market fell another 20+ pips (I had a t/p of 10, s/t of 30, pMA of 21 at the time) over 30 min and did nothing. The chart began to channel and then it sold again @ 1.2910 2 hours later. As I type we seem to be lolligagging around 1.2920.

My questions are 1. Why didn't FAPS hedge? It had plenty of time to assess that the trend was going against it and yet it insisted on opening a 2nd trade in the wrong direction. - My acct almost blew up over a week ago under similar circumstances. I changed the settings to pMA to 21 and yet this still happened. - They've all been winners for me except when this happens.

1a. What settings should I change to prevent this from happening again?

2. Can you set FAPS to close out a trade before opening a new trade in the same direction?

3. When the market was clearly in its favor (the t/p was exceeded), why didn't the robot close out the trade? Did it get "greedy?")

Thanks for any help.

moneydream · #2 04-21-2009, 08:58 AM

If you use fapturbo you will have more control over hedging and also more filters to prevent this situation happening. The only thing I don't like about fapturbo is the restriction of using long term strategy only on EURUSD TF M1. FAPS can let me freely select the Time Frame to use so I can adjust more better setting using different time frame. But FAPS lacked of filters to prevent bad trade from happening.