I was doing some analysis on the EURGBP and was looking at the live results on the 11k account from the
fapturbo.com website. (Says startup $11,000 on FT website)
http://fapturbo.com/tradingproof/uli10k/uli10k.htm
I was particularly looking for the large loses.
I notice it took the following loss on 3-24-09:
889705 2009.03.24 02:26 buy 5.00 eurgbp.usd 0.93548 0.9192 0.9415 2009.03.24 12:27 0.92418 -65.00 0.00 0.00 -8 315.11
It clearly hits the stoploss at -112 and trades out at -113 pips just like it should.
Now look at the next big EURGBP loss on 4-14-09:
914710 2009.04.14 02:57 buy 4.30 eurgbp.usd 0.89981 0.8815 0.9044 2009.04.14 07:30 0.8966 -51.60 -2 053.75
(Glad I decided not to trade on Monday due to Easter being on Monday in Europe others were not so lucky. Being extra careful lately since my last big loss. Donna Forex took the full SL hit)
This trade was exited out with a -31.1 pip loss on the above trade, on my demos I kept running that day and what many others have reported showed hitting the full -112 pip StopLoss. I have been trading with FapTurbo for a while now I have never seen this. It either takes a small up to -10 pip loss or a profit up to its TakeProfit setting or slightly above or in worst cases hits the full StopLoss.
Unless they are testing a new version that does something new to save pips, lowered their stoploss setting or used the LossLimit setting this trade was most likely manually traded out!
They claim to be using default settings and only change the LRR settings on their live accounts that show on FapTurbo.com.
Can anyone take a look and confirm this or provide an explanation of how this trade traded out at -31.1 pips?
Thanks,
LMStuff