FapTurbo Died!

perfectgrim · #1 04-22-2009, 06:58 PM

so have all scalping EA's. morn the death and move on.

forexample · #2 04-23-2009, 03:15 AM

EURCHF is performing well for me...all I trade.

AngelSpike · #3 04-23-2009, 02:39 PM

Quote:

Originally Posted by perfectgrim

so have all scalping EA's. morn the death and move on.

And what exactly makes you say that?

perfectgrim · #4 05-06-2009, 05:39 PM

after learning forex for a few good years and alot of my best lessons came from forex nirvana iv seen first hand how flawed these scalper tp5 sl100 type systems are. currently im using 2 manual systems 1 is a trend catcher tp5 sl 30 and the other is a channel trading system. the trend catcher has given me 42 winners 1 lose so far, the channel trader has given me 7 winners so far for a total of a little over 550 pips. looking back at how FAPT does its trading.....you can spend a week learning a niche market and make a system to look good but in reality with a win:lose ratio so spread out you cant win, its just not plausible. im probably going to dump my trend catcher because even tp5 and sl30 is not a great way to trade. FAPT turbo may have breed the idea in some new guys that the sl has to be bigger but thats simply not true. in the channel trading system i use depending on the circumstance my sl is 15-20 and never higher with a tp around 80 pips but i end it early if the wicks suggest a reversal.

i suggest that scalpers are dead because scalping systems like this can have great weeks, great months, maybe even a great year but afew days of shit and your down and out in the blink on an eye.

to anyone still trying to do the fapt thing i can pass only this on to you, look up "the head fake filter". its a manual trading style but its amazing, like banks use it amazing. learn how to do that and you will out perform fapt and any other of these nutty systems.

forex megadroid is looking quite nice atm....that wont last, looking at its trading method which is a fairly good one its days are numbered as well.

now it may be that you combine this stuff together and after all the crap you see maybe 10% a month gains....this is shit. go invest in a bank cd. if your in the forex market to get rich you cant be lazy. you can quote this post afew months from now when megadroid hits 2 sl's in a week and everyone is broke again

now im no genius and ill put myself out there, im fresh into 19 years old, been studying forex for about 4 years now. found EA's and got lazy, saw a little success and threw everything else away. a year later im back on the ball 10x stronger because i learned a lot about how not to trade based on fapt and a few other EA's iv worked with.

sadly, this wont change probably anyone's mind, but on the upside for me, for every loser their is a winner, ill happily take the latter title.

Miksa · #5 05-06-2009, 06:04 PM

Quote:

Originally Posted by perfectgrim

...currently im using 2 manual systems 1 is a trend catcher tp5 sl 30 and the other is a channel trading system. the trend catcher has given me 42 winners 1 lose so far, the channel trader has given me 7 winners so far for a total of a little over 550 pips.

very impressive results.

Quote:

Originally Posted by perfectgrim

...now it may be that you combine this stuff together and after all the crap you see maybe 10% a month gains....this is shit. go invest in a bank cd...

pls show me a bank CD which pays 10% per month

Quote:

Originally Posted by perfectgrim

...when megadroid hits 2 sl's in a week and everyone is broke again...

if being broke means hitting a margin call or reducing balance by 50%, then chances of that event are the same when trading manually and with EA. it depends on how good the trader knows and applies MM. for example, if risk per trade is 5%, then 5 SLs in a row will reduce account to 77% (0.95 ^ 5), which is not equal to be broke.

AngelSpike · #6 05-06-2009, 09:44 PM

Quote:

Originally Posted by perfectgrim

after learning forex for a few good years and alot of my best lessons came from forex nirvana iv seen first hand how flawed these scalper tp5 sl100 type systems are. currently im using 2 manual systems 1 is a trend catcher tp5 sl 30 and the other is a channel trading system. the trend catcher has given me 42 winners 1 lose so far, the channel trader has given me 7 winners so far for a total of a little over 550 pips. looking back at how FAPT does its trading.....you can spend a week learning a niche market and make a system to look good but in reality with a win:lose ratio so spread out you cant win, its just not plausible. im probably going to dump my trend catcher because even tp5 and sl30 is not a great way to trade. FAPT turbo may have breed the idea in some new guys that the sl has to be bigger but thats simply not true. in the channel trading system i use depending on the circumstance my sl is 15-20 and never higher with a tp around 80 pips but i end it early if the wicks suggest a reversal.

i suggest that scalpers are dead because scalping systems like this can have great weeks, great months, maybe even a great year but afew days of shit and your down and out in the blink on an eye.

to anyone still trying to do the fapt thing i can pass only this on to you, look up "the head fake filter". its a manual trading style but its amazing, like banks use it amazing. learn how to do that and you will out perform fapt and any other of these nutty systems.

forex megadroid is looking quite nice atm....that wont last, looking at its trading method which is a fairly good one its days are numbered as well.

now it may be that you combine this stuff together and after all the crap you see maybe 10% a month gains....this is shit. go invest in a bank cd. if your in the forex market to get rich you cant be lazy. you can quote this post afew months from now when megadroid hits 2 sl's in a week and everyone is broke again

now im no genius and ill put myself out there, im fresh into 19 years old, been studying forex for about 4 years now. found EA's and got lazy, saw a little success and threw everything else away. a year later im back on the ball 10x stronger because i learned a lot about how not to trade based on fapt and a few other EA's iv worked with.

sadly, this wont change probably anyone's mind, but on the upside for me, for every loser their is a winner, ill happily take the latter title.

I strongly support you there dude.. FAPT is not as "shiny" as it used to be. I have seen quite a lot of success from manual trading but it has its risks. You might be required to keep an eye on your trade every once in a while with manual trading, but so what?

I feel that theres some sort of "internal" conspiracy behind these EA's. FAPT worked pretty well at start but its plain shitty at the moment. And they took this opportunity for advertising "megadroid" which is performing good ....for now..

clolab · #7 05-07-2009, 04:10 AM

Quote:

Originally Posted by perfectgrim

after learning forex for a few good years and alot of my best lessons came from forex nirvana iv seen first hand how flawed these scalper tp5 sl100 type systems are. currently im using 2 manual systems 1 is a trend catcher tp5 sl 30 and the other is a channel trading system. the trend catcher has given me 42 winners 1 lose so far, the channel trader has given me 7 winners so far for a total of a little over 550 pips. looking back at how FAPT does its trading.....you can spend a week learning a niche market and make a system to look good but in reality with a win:lose ratio so spread out you cant win, its just not plausible. im probably going to dump my trend catcher because even tp5 and sl30 is not a great way to trade. FAPT turbo may have breed the idea in some new guys that the sl has to be bigger but thats simply not true. in the channel trading system i use depending on the circumstance my sl is 15-20 and never higher with a tp around 80 pips but i end it early if the wicks suggest a reversal.

i suggest that scalpers are dead because scalping systems like this can have great weeks, great months, maybe even a great year but afew days of shit and your down and out in the blink on an eye.

to anyone still trying to do the fapt thing i can pass only this on to you, look up "the head fake filter". its a manual trading style but its amazing, like banks use it amazing. learn how to do that and you will out perform fapt and any other of these nutty systems.

forex megadroid is looking quite nice atm....that wont last, looking at its trading method which is a fairly good one its days are numbered as well.

now it may be that you combine this stuff together and after all the crap you see maybe 10% a month gains....this is shit. go invest in a bank cd. if your in the forex market to get rich you cant be lazy. you can quote this post afew months from now when megadroid hits 2 sl's in a week and everyone is broke again

now im no genius and ill put myself out there, im fresh into 19 years old, been studying forex for about 4 years now. found EA's and got lazy, saw a little success and threw everything else away. a year later im back on the ball 10x stronger because i learned a lot about how not to trade based on fapt and a few other EA's iv worked with.

sadly, this wont change probably anyone's mind, but on the upside for me, for every loser their is a winner, ill happily take the latter title.

Hi perfectgrim,
would you please share your 2 manual trading systems ? (maybe PM me)
I alwasy think manual trading is better than EA's as you are your own boss and dont trust a script.

thanks

rickd · #8 05-07-2009, 10:17 AM

Perfectgrim:

Couldn't agree with you more. After having invested the time and money to go thriough literally dozens of EA's and systems I see that at best EA's are a lazy way to trade and never produce the results that are claimed. Let's see how Megadroid, Magic Machine etc perform over the next 3-6 months. The claims get greater every day in the sales pitches and the results more overblown. Where will this stop?

clolab · #9 05-07-2009, 10:23 AM

Quote:

Originally Posted by rickd

Perfectgrim:

Couldn't agree with you more. After having invested the time and money to go thriough literally dozens of EA's and systems I see that at best EA's are a lazy way to trade and never produce the results that are claimed. Let's see how Megadroid, Magic Machine etc perform over the next 3-6 months. The claims get greater every day in the sales pitches and the results more overblown. Where will this stop?

Befor you purchaee magic machine give a look here:
http://www.tradingsystemforex.com/co...achine-ea.html

rickd · #10 05-07-2009, 04:01 PM

thanks clolab:

I haven't gotten a trade in 3 days yet with MM since buying. If this is just another cheap rip-off as the referenced site says then I'll be calling for my $197 back soon.

rick