how are you doing??

bob32 · #1 04-05-2009, 12:10 PM

i thought i would post this to see some results of the forex autopilot.... success storys or how you are doing on the weekly trade?

how much did you make last week ? live account or demo?
which settings did you use? which broker ?
is it working for you ?

airplus · #2 04-13-2009, 05:58 PM

Quote:

Originally Posted by bob32

i thought i would post this to see some results of the forex autopilot.... success storys or how you are doing on the weekly trade?

how much did you make last week ? live account or demo?
which settings did you use? which broker ?
is it working for you ?

Hi

This is my results so far:

After a moderate success with fap turbo I decided to buy FAPS to complement each other.

So I set up FAPS, put the LotRiskReductor at the minimum level (1.0) and let it run.

It did pretty well during the first week; however I noted that most of the orders were Sell orders, so I started to wonder what it would do when the inevitable retracement started.

Well what a bloody disaster!!!

It opened 3 sells orders at the bottom of the trend, at 1.24!!
This was on the 4th of March!! Today is 13th of April and this POS still has the trade open, obviously with a HUGE drawdown. Two other sell others around that level where closed with big losses!!

So basically this system is unable to identify any top or bottom, it just keep buying or selling non stop as it the trend will last forever.

In summary, a really poor EA, I have thought about reclaiming the money back but honestly I feel so let down by FAPS that I won’t bother.

So I am now left with fap turbo to slowly rebuild the account.

Not sure what I did wrong, if anyone can point any suggestion that would be great.

Cheers

Miksa · #3 04-13-2009, 09:05 PM

Quote:

Originally Posted by airplus

So basically this system is unable to identify any top or bottom, it just keep buying or selling non stop as it the trend will last forever.

i don't think any other system is able to identify tops and bottoms consistently because doing so would require seeing the future

forexdude1 · #4 04-15-2009, 12:55 PM

My mistake was letting it run while I was at work. It definately needs to be babysat. I've tried all kinds of settings. It runs great if I'm at home watching it. Can't say I've made money with it at all. Manual trading is far more profitable for me with much less drawdowns.

I'm sure if I were able to watch this automated piece of software I could come out ahead at the end of the month. Sadly it's not the case.

chaostrader · #5 04-15-2009, 07:00 PM

whats the difference between fap turbo and FAPS?