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Forex Autopilot Settings and Back-Testing New threads posted to this board should include a log of back-testing results as well as the settings used to arrive at them.

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  #1  
Old 01-22-2009, 09:45 PM
Earl Earl is offline
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Default Earl fap update!

Hey guys !!!!

ready to start trading??? what's the FAP up date?????

things are starting to run nicely now.

I've had a few Ideas...looking through the forum so far I see we have a mixture of a few settings....

eagles mine alans

anything new????

I have a few new things that I would like to try...
we are on a whole new journey folks...who's willing to ride
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  #2  
Old 01-23-2009, 12:22 AM
lukx lukx is offline
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Well I decided to reset FAP to it;s default settings and use it like instructyion says on M1 and since the beginning of this week it made 500$ profit ! with just trading 0.1 lots !
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  #3  
Old 01-23-2009, 06:13 AM
forexdude1 forexdude1 is offline
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I change my settings regularly depending on what's going on with each pair that I"m trading. If the trend is trending up I am sticking with the 21 MA. When it's trading downwards it may be a combination of 50 ( which I don't use a lot), 75, and 100. Final decisions on the settings is based on combination of candles, MAs, BB Squeeze, and Parabolic Sars. All of which are read on the daily chart. Then I'll move down to the 4hr and 1hr to give me a quick idea of what is most recent.

I use to let FAP run on default and learned the hard way that it's best if one plays around with the settings a little.
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  #4  
Old 01-23-2009, 07:13 AM
happyhills5 happyhills5 is offline
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Earl,My setting a mixture of Eagles and Alans
21ma
Using 5 & 10 EMA lines for direction Long -Short on 1hr .
Trading between 5:00-23:30
Anything New??
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  #5  
Old 01-23-2009, 10:24 AM
Earl Earl is offline
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wow eagle is doing some interesting stuff...

I think we need to not trade against the trend....
the daily has been in an overall down trend...and from the looks
of it ..it might go lower

I'm currently running some off the wall settings...
and I'm using pivot and critical lines to know where things can change

auto lots
llr 3
maxorders 1
maxlots 1
st 1
aaa 275
bbb 35
tp 25
s/l 0
ts 0
useMA 1
PeriodMA 7
Price 3
Type 2

span .9
slip 3


everything else default


the MA doesn't matter much...it's your aaa and bbb setting that will do thee buying and selling for you

but it really good to know what going on around you

so I would suggest getting autopivots indicators...

it's hard to run FAP on just one setting

the lower you llr is the lower your dd will be

so to lower your llr PUT IN MORE MONEY

10 k account at lrr1% will last forever
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  #6  
Old 01-23-2009, 04:12 PM
^eagle^ ^eagle^ is offline
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Default

Quote:
Originally Posted by Earl View Post
wow eagle is doing some interesting stuff...

I think we need to not trade against the trend....
the daily has been in an overall down trend...and from the looks
of it ..it might go lower

I'm currently running some off the wall settings...
and I'm using pivot and critical lines to know where things can change

auto lots
llr 3
maxorders 1
maxlots 1
st 1
aaa 275
bbb 35
tp 25
s/l 0
ts 0
useMA 1
PeriodMA 7
Price 3
Type 2

span .9
slip 3


everything else default


the MA doesn't matter much...it's your aaa and bbb setting that will do thee buying and selling for you

but it really good to know what going on around you

so I would suggest getting autopivots indicators...

it's hard to run FAP on just one setting

the lower you llr is the lower your dd will be

so to lower your llr PUT IN MORE MONEY

10 k account at lrr1% will last forever


I wonder how aaa=275 bbb=35 would perform through an NFP report.

It seems it would be very confused for a good hour or two because of the massive spikes before the move. Other than that this setting would work well in a trending market. I would like to see it go through whi[psaws though.

Nice work.

Does the span gator make it more finicky about when to trade?

My assumption is that the jaws have to deviate a certain amount before the trade executes. raising it would require more of the jaw to open. Is this correct?
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Earl (01-23-2009)
  #7  
Old 01-23-2009, 06:48 PM
Earl Earl is offline
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FAPS should be opened on 2 charts

one geared for the uptrend one for the down trend

and piloted like eagle would say...

we also need good movement in a month....more than 1000 pips is good

a few 100 pips movement is bad

Last edited by Earl; 01-23-2009 at 06:53 PM.
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  #8  
Old 01-23-2009, 09:04 PM
tonycashflow tonycashflow is offline
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Quote:
Originally Posted by Earl View Post
FAPS should be opened on 2 charts

one geared for the uptrend one for the down trend
How would you do that?

Would the FAP Daily indicators from eagle would be usefule to determine is there is an uptrend or downtrend? Bear with me I am a forex newbie

What would be great is developping kind of a guide to use FAPS properly like what indcators to check to change the settings, what settings to use etc.
There is already a lot of information on this forum but I feel it is all around and not well organized and so I think we could put it all together in a clear way.

Anyway just suggestions here...

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  #9  
Old 01-23-2009, 09:42 PM
Earl Earl is offline
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yes we can....!!! next thing we will do is start a new thread with fap strategys....

honestly the best thing for anyone to do is trade manually using indicators.. Like macd ...stoch...Damiani...autopivots... to get the whole idea behind the scene.


I will tell you I was just a FAPS user...now I'm a forex trader...

I have looked at many systems during the holidays...

trading at low levels is where a FAPS user needs to start...

we can post here all day but still you'll never get the full feel until you pop in a few trades for yourself...

learning to read indicators will help you understand the forex and understand faps.

I've got some funny crap here...off the wall settings..
but they mean nothing if you don't understand trading..



I'm here to help people...

disregard those settings above...I might have something better...

testing it now
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  #10  
Old 01-23-2009, 10:10 PM
Earl Earl is offline
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Join Date: Sep 2008
Posts: 820
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Default

Quote:
Originally Posted by Earl View Post
wow eagle is doing some interesting stuff...

I think we need to not trade against the trend....
the daily has been in an overall down trend...and from the looks
of it ..it might go lower

I'm currently running some off the wall settings...
and I'm using pivot and critical lines to know where things can change

auto lots
llr 3
maxorders 1
maxlots 1
st 1
aaa 275
bbb 35
tp 200
s/l 0
ts 15
useMA 1
PeriodMA 7
Price 3
Type 2

span .9
slip 3


everything else default


the MA doesn't matter much...it's your aaa and bbb setting that will do thee buying and selling for you

but it really good to know what going on around you

so I would suggest getting autopivots indicators...

it's hard to run fap on just one setting

the lower you llr is the lower your dd will be

so to lower your llr PUT IN MORE MONEY

10 k account at lrr1% will last forever
I changed the tp to 200...and the ts to 15...

try that...if you test from dec to now with a tp of 20...you crash and burn...but if you make the tp way bigger ..it changes the way FAPS takes the trade...

we all know about dec 04 FAPS takes a sell trade down at 1.25++ that never comes back....

but by changing the tp...it changes the trade itself

faps calculates the trend internally.... and thats why it takes trades at double bottoms and double tops accourding to the amout of tp you set...

so by increasing your tp and throwing in an ts...it changes the calculations ..

if that makes any sense...LOL

yo! need some feed back... whatcha think??

Last edited by Earl; 01-24-2009 at 11:02 AM.
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